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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
+3.64%
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
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QETA icon
201
Quetta Acquisition Corp
QETA
$987K 0.05%
96,914
-3,066
-3% -$31.2K
ISD
202
PGIM High Yield Bond Fund
ISD
$418M
$982K 0.05%
75,611
-50,488
-40% -$644K
PZC
203
DELISTED
PIMCO California Municipal Income Fund III
PZC
$943K 0.05%
124,187
-35,460
-22% -$267K
JPST icon
204
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
$933K 0.05%
18,500
-71,500
-79% -$3.6M
FORL
205
DELISTED
Four Leaf Acquisition Corp
FORL
$878K 0.04%
81,934
-3,066
-4% -$32.6K
HYB
206
DELISTED
New America High Income Fund, Inc.
HYB
$812K 0.04%
111,499
– –
MUJ icon
207
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$653M
$799K 0.04%
68,723
-6,658
-9% -$76.5K
GATE
208
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
$785K 0.04%
75,000
– –
SCRMW
209
DELISTED
Screaming Eagle Acquisition Corp. Warrant
SCRMW
$774K 0.04%
1,647,096
-787
-0% -$366
ACBA
210
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$761K 0.04%
62,985
– –
BUJA
211
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
$755K 0.04%
71,934
-3,066
-4% -$32.1K
HYAC
212
DELISTED
Haymaker Acquisition Corp 4
HYAC
$717K 0.03%
68,802
– –
OAKU
213
DELISTED
Oak Woods Acquisition Corp
OAKU
$702K 0.03%
65,262
-2,808
-4% -$29.8K
PPHP
214
DELISTED
PHP Ventures Acquisition Corp. Class A Common Stock
PPHP
$694K 0.03%
63,064
– –
NCA icon
215
Nuveen California Municipal Value Fund
NCA
$304M
$623K 0.03%
69,252
-136,662
-66% -$1.21M
EDD
216
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$382M
$621K 0.03%
+130,831
New +$615K
PPYA
217
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$610K 0.03%
56,331
– –
IROHU
218
DELISTED
Iron Horse Acquisitions Corp Unit
IROHU
$602K 0.03%
59,108
-450,892
-88% -$4.57M
MFM
219
Aberdeen Municipal Income Fund
MFM
$222M
$528K 0.03%
98,363
-188,380
-66% -$990K
TRIS
220
DELISTED
Tristar Acquisition I Corp.
TRIS
$513K 0.02%
46,770
– –
KVAC
221
DELISTED
Keen Vision Acquisition Corp
KVAC
$506K 0.02%
48,401
-1,599
-3% -$16.6K
PYN
222
DELISTED
PIMCO New York Municipal Income Fund III
PYN
$486K 0.02%
82,825
-25,211
-23% -$149K
CVIIW
223
DELISTED
Churchill Capital Corp VII Warrants
CVIIW
$473K 0.02%
1,479,383
-984
-0.1% -$288
PFO
224
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$119M
$426K 0.02%
50,520
– –
SJNK icon
225
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.79B
$414K 0.02%
+16,421
New +$413K
7 8
9
10 11

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.