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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
+3.24%
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
$2.22B
AUM Growth
-$9.14M
Cap. Flow
-$68.7M
Cap. Flow %
-3.1%
Top 10 Hldgs %
27.51%
Holding
975
New
103
Increased
138
Reduced
81
Closed
258

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$26.8M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$26M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$21.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$41.4M
2
GBDC icon
Golub Capital BDC
GBDC
+$35.8M
3
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$15.2M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15M
5
VVR icon
Invesco Senior Income Trust
VVR
+$12.6M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Industrials 1.07%
3 Technology 1.07%
4 Healthcare 0.96%
5 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GGAA
201
DELISTED
Genesis Growth Tech Acquisition Corp. Class A Ordinary Shares
GGAA
$2.07M 0.09%
199,998
– –
GSD
202
DELISTED
Global Systems Dynamics Inc. Class A Common Stock
GSD
$2.07M 0.09%
200,000
– –
WEL
203
DELISTED
Integrated Wellness Acquisition Corp
WEL
$2.07M 0.09%
199,998
– –
BSGA
204
DELISTED
Blue Safari Group Acquisition Corp. Class A Ordinary Share
BSGA
$2.06M 0.09%
196,630
– –
GDNR
205
DELISTED
Gardiner Healthcare Acquisitions Corp. Common Stock
GDNR
$2.05M 0.09%
200,000
-165,000
-45% -$1.67M
NETC
206
DELISTED
Nabors Energy Transition Corp.
NETC
$2.05M 0.09%
199,998
– –
DSM
207
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$2.05M 0.09%
354,672
+312,299
+737% +$1.77M
BWAQU
208
DELISTED
Blue World Acquisition Corporation Unit
BWAQU
$2.05M 0.09%
200,000
– –
AIBBU
209
DELISTED
AIB Acquisition Corp Unit
AIBBU
$2.05M 0.09%
200,000
– –
CCV
210
DELISTED
Churchill Capital Corp V
CCV
$2.04M 0.09%
205,133
+138,234
+207% +$1.38M
LDTC
211
DELISTED
LeddarTech
LDTC
$2.04M 0.09%
409,696
– –
STET.U
212
DELISTED
ST Energy Transition I Ltd. SAIL securities, each consisting of one Class A ordinary share and one-half of one redeemable warrant
STET.U
$2.03M 0.09%
198,716
– –
ATMCU
213
DELISTED
AlphaTime Acquisition Corp Unit
ATMCU
$2.02M 0.09%
+200,000
New +$2.02M
ROCL
214
DELISTED
Roth CH Acquisition V Co. Common Stock
ROCL
$2.02M 0.09%
199,998
– –
OHAA
215
DELISTED
OPY Acquisition Corp. I Class A Common Stock
OHAA
$2.02M 0.09%
201,430
-98,566
-33% -$986K
FSD
216
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$2.02M 0.09%
176,213
-5,511
-3% -$61.4K
LGACU
217
DELISTED
Lazard Growth Acquisition Corp. I Units
LGACU
$2.01M 0.09%
199,900
+105,900
+113% +$1.06M
PEGR
218
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
$2.01M 0.09%
199,996
– –
HMA.U
219
DELISTED
Heartland Media Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
HMA.U
$2.01M 0.09%
200,000
– –
FICV
220
DELISTED
Frontier Investment Corp Class A Ordinary Shares
FICV
$2M 0.09%
199,998
– –
DMYY.U
221
DELISTED
dMY Squared Technology Group Units
DMYY.U
$2M 0.09%
200,000
– –
ACRO
222
DELISTED
Acropolis Infrastructure Acquisition Corp
ACRO
$1.99M 0.09%
199,998
– –
MSSAU
223
DELISTED
Metal Sky Star Acquisition Corporation Unit
MSSAU
$1.99M 0.09%
200,000
– –
ASCAU
224
DELISTED
A SPAC I Acquisition Corp. Unit
ASCAU
$1.97M 0.09%
192,000
– –
BKN
225
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$1.96M 0.09%
+168,008
New +$1.99M
7 8
9
10 11

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Rivernorth Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Rivernorth Capital Management held 975 positions worth $2.22B, down 0.41% from $2.23B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $68.7M in Q4 2022, closing 258 positions and reducing 81 holdings. Its most notable exit was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 27% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Corporate High Yield Fund worth $20.8M.

  • Rivernorth Capital Management's largest Q4 2022 buy was BlackRock Corporate High Yield Fund: 2,381,391 shares worth $20.8M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q4 2022 reduction was Golub Capital BDC, cutting an estimated $35.8M.
  • Rivernorth Capital Management fully exited Nuveen New York AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $41.4M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $2.22B portfolio in Q4 2022.
  • Rivernorth Capital Management opened 103 new positions and closed 258 in Q4 2022.
  • Rivernorth Capital Management's portfolio value fell 0.41% quarter-over-quarter to $2.22B.

Based on Rivernorth Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.