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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
+0.05%
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
$1.81B
AUM Growth
-$76.5M
Cap. Flow
-$67.5M
Cap. Flow %
-3.73%
Top 10 Hldgs %
23.52%
Holding
418
New
58
Increased
43
Reduced
79
Closed
61

Top Buys

Rank Stock Value
1
CRF
Cornerstone Total Return Fund
CRF
+$13.9M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$13.3M
3
XMPT icon
VanEck CEF Muni Income ETF
XMPT
+$6.78M
4
BHK icon
BlackRock Core Bond Trust
BHK
+$5.58M
5
CHACU
Crane Harbor Acquistion Corp Units
CHACU
+$5.41M

Top Sells

Rank Stock Value
1
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$30.3M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$25.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$20.8M
4
DMF
BNY Mellon Municipal Income
DMF
+$18.8M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.8M

Sector Composition

Rank Sector Weight
1 Financials 9.45%
2 Industrials 0.42%
3 Energy 0.29%
4 Consumer Staples 0.29%
5 Utilities 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPE
201
Special Opportunities Fund
SPE
$144M
$1.6M 0.09%
108,331
– –
NRK icon
202
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$916M
$1.58M 0.09%
159,733
-15,189
-9% -$151K
CHPGU
203
ChampionsGate Acquisition Corp Unit
CHPGU
$1.53M 0.08%
+150,000
New +$1.51M
IBAC
204
IB Acquisition Corp
IBAC
$54.1M
$1.49M 0.08%
142,964
– –
CGCTU
205
DELISTED
Cartesian Growth Corp III Unit
CGCTU
$1.36M 0.07%
+133,769
New +$1.35M
NETD
206
DELISTED
Nabors Energy Transition Corp II
NETD
$1.32M 0.07%
118,992
– –
PXH icon
207
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.98B
$1.3M 0.07%
55,600
– –
PYN
208
DELISTED
PIMCO New York Municipal Income Fund III
PYN
$1.19M 0.07%
227,453
+27,609
+14% +$147K
DTF
209
DTF Tax-Free Income 2028 Term Fund
DTF
$81.2M
$1.19M 0.07%
106,066
-10,285
-9% -$115K
HYI
210
Western Asset High Yield Opportunity Fund Inc
HYI
$135M
$1.18M 0.07%
98,577
– –
MUA icon
211
BlackRock MuniAssets Fund
MUA
$519M
$1.06M 0.06%
101,762
-113,683
-53% -$1.17M
WENNU
212
Wen Acquisition Corp Unit
WENNU
$1.06M 0.06%
+100,000
New +$1.06M
HNW
213
DELISTED
Pioneer Diversified High Income Fund
HNW
$1.04M 0.06%
83,499
– –
OBAWU
214
Oxley Bridge Acquisition Ltd Unit
OBAWU
$1M 0.06%
+100,000
New +$1M
RFAI
215
RF Acquisition Corp II
RFAI
$92.8M
$985K 0.05%
93,513
– –
SPKL
216
Spark I Acquisition Corp
SPKL
$101M
$972K 0.05%
89,186
– –
VFL
217
DELISTED
abrdn National Municipal Income Fund
VFL
$968K 0.05%
100,181
– –
FORL
218
DELISTED
Four Leaf Acquisition Corp
FORL
$955K 0.05%
81,934
– –
FLC
219
Flaherty & Crumrine Total Return Fund
FLC
$175M
$828K 0.05%
48,682
-4,044
-8% -$66.6K
CEV
220
Eaton Vance California Municipal Income Trust
CEV
$73.2M
$822K 0.05%
+84,835
New +$822K
RAC.U
221
Rithm Acquisition Corp Units
RAC.U
$777K 0.04%
75,000
– –
FUND
222
Sprott Focus Trust
FUND
$312M
$711K 0.04%
+95,071
New +$684K
HYAC
223
DELISTED
Haymaker Acquisition Corp 4
HYAC
$594K 0.03%
53,552
– –
PFD
224
Flaherty & Crumrine Preferred and Income Fund
PFD
$145M
$591K 0.03%
52,298
-13,169
-20% -$145K
WTGUU
225
Wintergreen Acquisition Corp Unit
WTGUU
$505K 0.03%
+50,000
New +$502K
7 8
9
10 11

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Rivernorth Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Rivernorth Capital Management held 418 positions worth $1.81B, down 4.1% from $1.88B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $67.5M in Q2 2025, closing 61 positions and reducing 79 holdings. Its most notable exit was BlackRock Health Sciences Trust II, an estimated $30.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.4% of assets, down from 9.6% a quarter earlier, followed by Industrials and Energy.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Total Return Fund worth $15.2M.

  • Rivernorth Capital Management's largest Q2 2025 buy was Cornerstone Total Return Fund: 1,954,887 shares worth $15.2M.
  • Rivernorth Capital Management added most to BlackRock MuniHoldings California Quality Fund in Q2 2025, an estimated $5.37M increase.
  • Rivernorth Capital Management's biggest Q2 2025 reduction was Nuveen Quality Municipal Income Fund, cutting an estimated $25.4M.
  • Rivernorth Capital Management fully exited BlackRock Health Sciences Trust II in Q2 2025, selling an estimated $30.3M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.81B portfolio in Q2 2025.
  • Rivernorth Capital Management opened 58 new positions and closed 61 in Q2 2025.
  • Rivernorth Capital Management's portfolio value fell 4.1% quarter-over-quarter to $1.81B.

Based on Rivernorth Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.