We are live on ! Find out more
RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
+3.25%
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
$1.75B
AUM Growth
-$54.5M
Cap. Flow
-$97M
Cap. Flow %
-5.53%
Top 10 Hldgs %
22.6%
Holding
571
New
214
Increased
30
Reduced
135
Closed
92

Top Buys

Rank Stock Value
1
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$24.8M
2
PML
PIMCO Municipal Income Fund II
PML
+$23.7M
3
MSDL icon
Morgan Stanley Direct Lending Fund
MSDL
+$14.3M
4
USA icon
Liberty All-Star Equity Fund
USA
+$13.3M
5
PCQ
Pimco California Municipal Income Fund
PCQ
+$13.2M

Top Sells

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.5M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$27.6M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$20.6M
4
ACP
abrdn Income Credit Strategies Fund
ACP
+$19.8M
5
PMX
PIMCO Municipal Income Fund III
PMX
+$18.3M

Sector Composition

Rank Sector Weight
1 Financials 25.87%
2 Real Estate 0.63%
3 Industrials 0.5%
4 Energy 0.3%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPE
201
Special Opportunities Fund
SPE
$144M
$1.6M 0.09%
107,951
-380
-0.4% -$5.64K
DIAX
202
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
$1.58M 0.09%
+105,941
New +$1.54M
RDAG
203
Republic Digital Acquisition Co
RDAG
$389M
$1.52M 0.09%
+148,750
New +$1.53M
GTEN
204
Gores Holdings X
GTEN
$482M
$1.52M 0.09%
+148,748
New +$1.52M
CHY
205
Calamos Convertible and High Income Fund
CHY
$1.07B
$1.52M 0.09%
+135,169
New +$1.49M
DAAQ
206
Digital Asset Acquisition Corp
DAAQ
$176M
$1.52M 0.09%
+148,826
New +$1.53M
IBAC
207
IB Acquisition Corp
IBAC
$54.1M
$1.51M 0.09%
142,708
-256
-0.2% -$2.69K
FGMCU
208
DELISTED
FG Merger II Corp Unit
FGMCU
$1.48M 0.08%
142,969
-500,000
-78% -$5.08M
BSL
209
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$170M
$1.47M 0.08%
104,473
-121,082
-54% -$1.72M
VKI icon
210
Invesco Advantage Municipal Income Trust II
VKI
$398M
$1.4M 0.08%
160,147
-673,870
-81% -$5.67M
CCCXU
211
DELISTED
Churchill Capital Corp X Unit
CCCXU
$1.39M 0.08%
102,372
-397,628
-80% -$4.34M
PXH icon
212
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.97B
$1.38M 0.08%
54,236
-1,364
-2% -$33.3K
TACO
213
Berto Acquisition Corp
TACO
$393M
$1.35M 0.08%
+130,156
New +$1.35M
PGACU
214
Pantages Capital Acquisition Corp Unit
PGACU
$1.32M 0.08%
126,000
-324,000
-72% -$3.35M
HNW
215
DELISTED
Pioneer Diversified High Income Fund
HNW
$1.26M 0.07%
98,499
+15,000
+18% +$189K
RTAC
216
Renatus Tactical Acquisition Corp I
RTAC
$326M
$1.24M 0.07%
+114,000
New +$1.28M
DTF
217
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$1.21M 0.07%
106,066
– –
VNME
218
Vendome Acquisition Corp I
VNME
$257M
$1.2M 0.07%
+120,992
New +$1.2M
PLMKU
219
Plum Acquisition Corp IV Unit
PLMKU
$1.19M 0.07%
116,238
-254,199
-69% -$2.63M
SOCAU
220
Solarius Capital Acquisition Corp Units
SOCAU
$1.17M 0.07%
+116,000
New +$1.17M
SVCCU
221
Stellar V Capital Corp Unit
SVCCU
$1.17M 0.07%
112,627
-397,628
-78% -$4.19M
FUND
222
Sprott Focus Trust
FUND
$319M
$1.15M 0.07%
138,901
+43,830
+46% +$349K
EVAC.U
223
EQV Ventures Acquisition Corp II Units
EVAC.U
$1.15M 0.07%
+115,179
New +$1.16M
HVIIU
224
Hennessy Capital Investment Corp VII Unit
HVIIU
$1.14M 0.07%
109,487
-290,513
-73% -$3.04M
FACTU
225
FACT II Acquisition Corp Unit
FACTU
$1.14M 0.06%
109,487
-390,513
-78% -$4.05M
7 8
9
10 11

Similar funds

LGM
Logos Global Management San Francisco, California $2B AUM 444.09% 1-Year Est. Return
MYAM
Meiji Yasuda Asset Management Tokyo, Japan $2B AUM 22.52% 1-Year Est. Return
C
Consulta London, United Kingdom $2.01B AUM 16.82% 1-Year Est. Return
CAM
Cormorant Asset Management Boston, Massachusetts $1.99B AUM 737.95% 1-Year Est. Return
SC
Syon Capital San Francisco, California $1.99B AUM 22.67% 1-Year Est. Return
BGM
Burkehill Global Management New York $2.02B AUM 85.32% 1-Year Est. Return
RMCM
Reynders McVeigh Capital Management Boston, Massachusetts $1.98B AUM 23.37% 1-Year Est. Return
AF
Alerus Financial Grand Forks, North Dakota $2.02B AUM 26.03% 1-Year Est. Return

Rivernorth Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Rivernorth Capital Management held 571 positions worth $1.75B, down 3% from $1.81B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Rivernorth Capital Management withdrew a net $97M in Q3 2025, closing 92 positions and reducing 135 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $27.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 9.4% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Multi-Sector Income Trust worth $23.4M.

  • Rivernorth Capital Management's largest Q3 2025 buy was BlackRock Multi-Sector Income Trust: 1,748,396 shares worth $23.4M.
  • Rivernorth Capital Management added most to PIMCO Municipal Income Fund II in Q3 2025, an estimated $23.7M increase.
  • Rivernorth Capital Management's biggest Q3 2025 reduction was Nuveen Quality Municipal Income Fund, cutting an estimated $29.5M.
  • Rivernorth Capital Management fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q3 2025, selling an estimated $27.6M.
  • Rivernorth Capital Management's ten largest holdings make up 23% of its $1.75B portfolio in Q3 2025.
  • Rivernorth Capital Management opened 214 new positions and closed 92 in Q3 2025.
  • Rivernorth Capital Management's portfolio value fell 3% quarter-over-quarter to $1.75B.

Based on Rivernorth Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.