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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AIB
201
DELISTED
AIB Acquisition Corp
AIB
$1.34M 0.07%
120,000
– –
NBO
202
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$1.32M 0.07%
+150,603
New +$1.41M
CYCU
203
Cycurion Inc
CYCU
$6.75M
$1.3M 0.07%
3,974
-387
-9% -$126K
MPRA
204
DELISTED
Mercato Partners Acquisition Corporation Class A Common Stock
MPRA
$1.29M 0.07%
120,800
-64,028
-35% -$679K
ALCY
205
DELISTED
Alchemy Investments Acquisition Corp 1
ALCY
$1.29M 0.07%
+124,716
New +$1.28M
TBCP
206
DELISTED
Thunder Bridge Capital Partners III Inc. Class A Common Stock
TBCP
$1.27M 0.07%
+122,700
New +$1.27M
PXH icon
207
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.97B
$1.22M 0.06%
68,427
– –
AVHI
208
DELISTED
Achari Ventures Holdings Corp I
AVHI
$1.21M 0.06%
113,855
– –
SKGR
209
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$1.21M 0.06%
+112,250
New +$1.2M
TEI
210
Templeton Emerging Markets Income Fund
TEI
$323M
$1.2M 0.06%
260,286
+224,789
+633% +$1.13M
PZC
211
DELISTED
PIMCO California Municipal Income Fund III
PZC
$1.16M 0.06%
169,147
-3,651
-2% -$27.9K
OPTX icon
212
Syntec Optics
OPTX
$357M
$1.14M 0.06%
106,982
– –
NQP
213
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$1.13M 0.06%
110,857
– –
MNTN
214
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$1.11M 0.06%
102,842
-32,156
-24% -$346K
LQD icon
215
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
$1.11M 0.06%
10,900
-4,100
-27% -$432K
PLTN
216
DELISTED
Plutonian Acquisition Corp. Common Stock
PLTN
$1.11M 0.06%
105,000
– –
MTRY
217
DELISTED
Monterey Innovation Acquisition Corp. Common Stock
MTRY
$1.1M 0.06%
98,421
– –
MCAF
218
DELISTED
Mountain Crest Acquisition Corp. IV Common Stock
MCAF
$1.08M 0.06%
100,000
– –
ALSA
219
DELISTED
Alpha Star Acquisition Corp
ALSA
$1.08M 0.06%
98,841
– –
TRIS
220
DELISTED
Tristar Acquisition I Corp.
TRIS
$1.07M 0.06%
100,548
-49,450
-33% -$523K
VGI
221
Virtus Global Multi-Sector Income Fund
VGI
$84.1M
$1.07M 0.06%
145,887
+22,544
+18% +$171K
GRDI
222
DELISTED
GRIID Infrastructure Inc. Common Stock
GRDI
$1.07M 0.06%
99,998
– –
APGB
223
DELISTED
Apollo Strategic Growth Capital II
APGB
$1.05M 0.05%
100,000
– –
BINC icon
224
BlackRock Flexible Income ETF
BINC
$16.3B
$1.04M 0.05%
+20,562
New +$1.04M
NBB icon
225
Nuveen Taxable Municipal Income Fund
NBB
$454M
$1M 0.05%
69,141
+8,454
+14% +$128K
7 8
9
10 11

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.