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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
+0.01%
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
$1.88B
AUM Growth
-$193M
Cap. Flow
-$191M
Cap. Flow %
-10.13%
Top 10 Hldgs %
26.86%
Holding
449
New
40
Increased
54
Reduced
68
Closed
89

Top Buys

Rank Stock Value
1
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.71M
2
FGMCU
FG Merger II Corp Unit
FGMCU
+$6.3M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$6.17M
4
PMX
PIMCO Municipal Income Fund III
PMX
+$5.82M
5
BINC icon
BlackRock Flexible Income ETF
BINC
+$5.69M

Top Sells

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$27.2M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$22.7M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$22M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$18.1M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$15M

Sector Composition

Rank Sector Weight
1 Financials 9.55%
2 Industrials 0.58%
3 Consumer Staples 0.28%
4 Energy 0.27%
5 Utilities 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NDMO icon
176
Nuveen Dynamic Municipal Opportunities Fund
NDMO
$602M
$1.43M 0.08%
139,862
-386,961
-73% -$4.01M
GDST
177
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
$1.35M 0.07%
119,167
– –
DTF
178
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$1.3M 0.07%
116,351
-98,997
-46% -$1.12M
NETD
179
DELISTED
Nabors Energy Transition Corp II
NETD
$1.3M 0.07%
118,992
– –
PXH icon
180
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.97B
$1.21M 0.06%
55,600
– –
HYI
181
Western Asset High Yield Opportunity Fund Inc
HYI
$135M
$1.17M 0.06%
+98,577
New +$1.18M
MXE
182
Mexico Equity and Income Fund
MXE
$60.2M
$1.15M 0.06%
+132,187
New +$1.14M
PYN
183
DELISTED
PIMCO New York Municipal Income Fund III
PYN
$1.13M 0.06%
199,844
+154,748
+343% +$894K
VFL
184
DELISTED
abrdn National Municipal Income Fund
VFL
$1.02M 0.05%
100,181
– –
HNW
185
DELISTED
Pioneer Diversified High Income Fund
HNW
$997K 0.05%
+83,499
New +$998K
RFAI
186
RF Acquisition Corp II
RFAI
$92.7M
$970K 0.05%
93,513
– –
SPKL
187
Spark I Acquisition Corp
SPKL
$101M
$959K 0.05%
89,186
– –
CHY
188
Calamos Convertible and High Income Fund
CHY
$1.07B
$953K 0.05%
+94,353
New +$1.04M
FORL
189
DELISTED
Four Leaf Acquisition Corp
FORL
$927K 0.05%
81,934
– –
PMM
190
Franklin Managed Municipal Income Trust
PMM
$273M
$917K 0.05%
149,544
+18,132
+14% +$112K
FLC
191
Flaherty & Crumrine Total Return Fund
FLC
$176M
$885K 0.05%
52,726
+2,410
+5% +$40.8K
FGB
192
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$763K 0.04%
177,521
-84,754
-32% -$369K
RAC.U
193
Rithm Acquisition Corp Units
RAC.U
$758K 0.04%
+75,000
New +$753K
KIO
194
KKR Income Opportunities Fund
KIO
$459M
$738K 0.04%
+60,042
New +$763K
PFD
195
Flaherty & Crumrine Preferred and Income Fund
PFD
$146M
$735K 0.04%
+65,467
New +$738K
VTN icon
196
Invesco Trust for Investment Grade New York Municipals
VTN
$165M
$713K 0.04%
68,254
-195,794
-74% -$2.06M
PNF
197
DELISTED
PIMCO New York Municipal Income Fund
PNF
$677K 0.04%
+90,447
New +$687K
HYAC
198
DELISTED
Haymaker Acquisition Corp 4
HYAC
$589K 0.03%
53,552
– –
BFZ
199
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$556K 0.03%
50,601
– –
SWZ
200
Swiss Helvetia Fund
SWZ
$77.1M
$413K 0.02%
+44,833
New +$390K
6 7
8
9 10

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Rivernorth Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Rivernorth Capital Management held 449 positions worth $1.88B, down 9.3% from $2.08B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $191M in Q1 2025, closing 89 positions and reducing 68 holdings. Its most notable exit was SK Growth Opportunities Corporation Class A Common Stock, an estimated $11.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.6% of assets, down from 11% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in FG Merger II Corp Unit worth $6.28M.

  • Rivernorth Capital Management's largest Q1 2025 buy was FG Merger II Corp Unit: 642,969 shares worth $6.28M.
  • Rivernorth Capital Management added most to Nuveen Pennsylvania Quality Municipal Income Fund in Q1 2025, an estimated $6.71M increase.
  • Rivernorth Capital Management's biggest Q1 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $27.2M.
  • Rivernorth Capital Management fully exited SK Growth Opportunities Corporation Class A Common Stock in Q1 2025, selling an estimated $11.6M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.88B portfolio in Q1 2025.
  • Rivernorth Capital Management opened 40 new positions and closed 89 in Q1 2025.
  • Rivernorth Capital Management's portfolio value fell 9.3% quarter-over-quarter to $1.88B.

Based on Rivernorth Capital Management's 13F filing for Q1 2025, filed 15 May 2025.