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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
FFC
201
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$781M
$344K 0.02%
21,615
-49,327
-70% -$787K
NXN
202
DELISTED
Nuveen New York Tax-Free Income Portfolio
NXN
$292K 0.02%
24,737
+5,585
+29% +$65.3K
TBLD
203
Thornburg Income Builder Opportunities Trust
TBLD
$719M
$244K 0.01%
13,620
– –
IROHR
204
DELISTED
Iron Horse Acquisitions Corp Right
IROHR
$152K 0.01%
508,133
– –
IMSRW
205
Terrestrial Energy Warrant
IMSRW
$28.9M
$138K 0.01%
200,000
– –
KDKRW
206
Kodiak AI Warrants
KDKRW
$107K 0.01%
367,930
– –
CLBR.WS
207
DELISTED
Colombier Acquisition Corp. II Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
CLBR.WS
$106K 0.01%
133,112
– –
DTSQU
208
DT Cloud Star Acquisition Corp Units
DTSQU
$100K 0.01%
10,000
-70,000
-88% -$718K
BACQR
209
DELISTED
Inflection Point Acquisition Corp IV Right
BACQR
$100K 0.01%
500,000
– –
BKHAR
210
Black Hawk Acquisition Corp Rights
BKHAR
$94.5K 0.01%
62,997
– –
DYCQR
211
DELISTED
DT Cloud Acquisition Corp Right
DYCQR
$92K ﹤0.01%
400,000
– –
HUDAR
212
DELISTED
Hudson Acquisition I Corp. Right
HUDAR
$88K ﹤0.01%
400,000
– –
RDACR
213
Rising Dragon Acquisition Corp Rights
RDACR
$79.2K ﹤0.01%
495,000
– –
LEGT.WS
214
DELISTED
Legato Merger Corp III Warrants
LEGT.WS
$78.7K ﹤0.01%
399,484
– –
FSHPR
215
Flag Ship Acquisition Corp Right
FSHPR
$72.1K ﹤0.01%
577,000
+38,192
+7% +$5.79K
DYNCW
216
Dynamix Corp Warrant
DYNCW
$1.42M
$71.3K ﹤0.01%
250,000
+5,000
+2% +$1.41K
DMYY.WS
217
DELISTED
dMY Squared Technology Group Warrants
DMYY.WS
$70K ﹤0.01%
99,999
– –
YOTAR
218
DELISTED
Yotta Acquisition Corporation Right
YOTAR
$68.6K ﹤0.01%
425,000
– –
HCVIW
219
DELISTED
Hennessy Capital Investment Corp. VI Warrant
HCVIW
$68.4K ﹤0.01%
456,085
– –
BRACR
220
DELISTED
Broad Capital Acquisition Corp Rights
BRACR
$66.5K ﹤0.01%
350,000
– –
GLACR
221
DELISTED
Global Lights Acquisition Corp Rights
GLACR
$65.3K ﹤0.01%
296,802
– –
RZLVW
222
Rezolve AI Warrants
RZLVW
$5.85M
$64.6K ﹤0.01%
318,133
-231,867
-42% -$116K
CAPNR
223
Cayson Acquisition Corp Right
CAPNR
$63K ﹤0.01%
450,000
– –
LPBBW
224
Launch Two Acquisition Corp Warrant
LPBBW
$63K ﹤0.01%
300,000
– –
JVSAR
225
DELISTED
JV SPAC Acquisition Corp. Right
JVSAR
$62K ﹤0.01%
246,818
– –
7 8
9
10 11

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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.