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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
+3.94%
1 Year Est. Return
-0.79%
3 Year Est. Return
+4.8%
5 Year Est. Return
-8.69%
10 Year Est. Return
+11.73%
AUM
$2.07B
AUM Growth
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
3
PCF
High Income Securities Fund
PCF
+$7.68M
4
DMF
BNY Mellon Municipal Income
DMF
+$7.54M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$6.93M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VFL
176
DELISTED
abrdn National Municipal Income Fund
VFL
$1.13M 0.05%
101,081
-86,245
-46% -$937K
MUA icon
177
BlackRock MuniAssets Fund
MUA
$518M
$1.11M 0.05%
89,135
-825,712
-90% -$9.78M
BFZ
178
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$1.09M 0.05%
90,258
-88,100
-49% -$1.06M
PCEF icon
179
Invesco CEF Income Composite ETF
PCEF
$817M
$1.05M 0.05%
53,463
– –
CYCU
180
Cycurion Inc
CYCU
$6.75M
$1.05M 0.05%
3,353
– –
RFAI
181
RF Acquisition Corp II
RFAI
$92.7M
$1.02M 0.05%
+100,000
New +$1.01M
SPKL
182
Spark I Acquisition Corp
SPKL
$101M
$1.02M 0.05%
96,930
– –
QETA icon
183
Quetta Acquisition Corp
QETA
$1.01M 0.05%
96,914
– –
FTII
184
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$983K 0.05%
89,320
– –
FORL
185
DELISTED
Four Leaf Acquisition Corp
FORL
$894K 0.04%
81,934
– –
PZC
186
DELISTED
PIMCO California Municipal Income Fund III
PZC
$883K 0.04%
117,754
– –
MHF
187
Western Asset Municipal High Income Fund
MHF
$154M
$878K 0.04%
121,437
-788,766
-87% -$5.59M
NQP
188
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$852K 0.04%
67,513
-12,100
-15% -$151K
GATE
189
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
$818K 0.04%
75,000
– –
HYAC
190
DELISTED
Haymaker Acquisition Corp 4
HYAC
$733K 0.04%
68,802
– –
OAKU
191
DELISTED
Oak Woods Acquisition Corp
OAKU
$720K 0.03%
65,262
– –
VGI
192
Virtus Global Multi-Sector Income Fund
VGI
$84.1M
$679K 0.03%
83,887
-62,000
-42% -$484K
PFO
193
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$119M
$663K 0.03%
70,439
– –
PPYA
194
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$622K 0.03%
56,331
– –
MFM
195
Aberdeen Municipal Income Fund
MFM
$222M
$536K 0.03%
93,722
– –
KVAC
196
DELISTED
Keen Vision Acquisition Corp
KVAC
$521K 0.03%
48,401
– –
SPMC
197
Sound Point Meridian Capital
SPMC
$222M
$511K 0.02%
25,832
-24,168
-48% -$478K
EDD
198
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$382M
$494K 0.02%
98,077
-274,870
-74% -$1.35M
PNI
199
PIMCO New York Municipal Income Fund II
PNI
$78M
$403K 0.02%
51,083
-237,699
-82% -$1.81M
DHF
200
BNY Mellon High Yield Strategies Fund
DHF
$175M
$332K 0.02%
123,331
– –
6 7
8
9 10

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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.