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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
+9.45%
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
$2.09B
AUM Growth
+$159M
Cap. Flow
-$8M
Cap. Flow %
-0.38%
Top 10 Hldgs %
31.09%
Holding
587
New
43
Increased
68
Reduced
80
Closed
98

Top Buys

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$50.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$21.8M
3
MYD
BlackRock MuniYield Fund
MYD
+$19.7M
4
NUV icon
Nuveen Municipal Value Fund
NUV
+$13.2M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$12.5M

Top Sells

Rank Stock Value
1
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$42M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$28.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.2M
4
ZTR
Virtus Total Return Fund
ZTR
+$18M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.3M

Sector Composition

Rank Sector Weight
1 Financials 10.43%
2 Technology 0.93%
3 Healthcare 0.8%
4 Industrials 0.53%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CEFS icon
201
Saba Closed-End Funds ETF
CEFS
$437M
$1.05M 0.05%
+55,200
New +$990K
FPF
202
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
$1.02M 0.05%
+62,437
New +$946K
SPKL
203
Spark I Acquisition Corp
SPKL
$101M
$1.01M 0.05%
+99,996
New +$1.01M
QFTA
204
DELISTED
Quantum FinTech Acquisition Corporation
QFTA
$1.01M 0.05%
94,317
-94,408
-50% -$844K
QETA icon
205
Quetta Acquisition Corp
QETA
$1.01M 0.05%
+99,980
New +$1.01M
TRUG icon
206
TruGolf
TRUG
$984K
$999K 0.05%
172
– –
FTII
207
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$970K 0.05%
89,320
– –
ARIZ
208
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
$962K 0.05%
88,219
– –
PCEF icon
209
Invesco CEF Income Composite ETF
PCEF
$817M
$960K 0.05%
+53,463
New +$919K
MCAF
210
DELISTED
Mountain Crest Acquisition Corp. IV Common Stock
MCAF
$908K 0.04%
84,665
-15,335
-15% -$146K
FORL
211
DELISTED
Four Leaf Acquisition Corp
FORL
$894K 0.04%
85,000
– –
MUJ icon
212
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$653M
$860K 0.04%
75,381
– –
HYB
213
DELISTED
New America High Income Fund, Inc.
HYB
$785K 0.04%
111,499
+18,522
+20% +$124K
GATE
214
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
$782K 0.04%
75,000
– –
BUJA
215
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
$779K 0.04%
75,000
– –
GRDI
216
DELISTED
GRIID Infrastructure Inc. Common Stock
GRDI
$768K 0.04%
71,358
-28,640
-29% -$252K
DNP icon
217
DNP Select Income Fund
DNP
$4.1B
$767K 0.04%
+90,413
New +$817K
ACBA
218
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$745K 0.04%
62,985
– –
SCRMW
219
DELISTED
Screaming Eagle Acquisition Corp. Warrant
SCRMW
$742K 0.04%
1,647,883
– –
OAKU
220
DELISTED
Oak Woods Acquisition Corp
OAKU
$717K 0.03%
68,070
– –
HYAC
221
DELISTED
Haymaker Acquisition Corp 4
HYAC
$707K 0.03%
+68,802
New +$704K
PPHP
222
DELISTED
PHP Ventures Acquisition Corp. Class A Common Stock
PPHP
$686K 0.03%
63,064
– –
PYN
223
DELISTED
PIMCO New York Municipal Income Fund III
PYN
$644K 0.03%
108,036
-28,293
-21% -$155K
PPYA
224
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$607K 0.03%
56,331
– –
FAM
225
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$597K 0.03%
+94,894
New +$550K
7 8
9
10 11

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Rivernorth Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Rivernorth Capital Management held 587 positions worth $2.09B, up 8.3% from $1.93B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management's Q4 2023 filing shows 43 new, 68 increased, 80 reduced and 98 closed positions. Its largest new stake was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M. The largest sale was Nuveen Preferred & Income Securities Fund, an estimated $42M.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 12% a quarter earlier, followed by Technology and Healthcare.

  • Rivernorth Capital Management's largest Q4 2023 buy was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M.
  • Rivernorth Capital Management added most to Nuveen Preferred & Income Opportunities Fund in Q4 2023, an estimated $50.4M increase.
  • Rivernorth Capital Management's biggest Q4 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $28.5M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q4 2023, selling an estimated $42M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.09B portfolio in Q4 2023.
  • Rivernorth Capital Management opened 43 new positions and closed 98 in Q4 2023.
  • Rivernorth Capital Management's portfolio value rose 8.3% quarter-over-quarter to $2.09B.

Based on Rivernorth Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.