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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.66%
This Fund
S&P 500
This Quarter Est. Return
-4.74%
1 Year Est. Return
-0.66%
3 Year Est. Return
+4.95%
5 Year Est. Return
-8.55%
10 Year Est. Return
+11.89%
AUM
$2.23B
AUM Growth
-$240M
Cap. Flow
-$153M
Cap. Flow %
-6.87%
Top 10 Hldgs %
22.33%
Holding
940
New
121
Increased
146
Reduced
85
Closed
68

Top Buys

Rank Stock Value
1
ZTR
Virtus Total Return Fund
ZTR
+$22.4M
2
PAXS
PIMCO Access Income Fund
PAXS
+$16M
3
VVR icon
Invesco Senior Income Trust
VVR
+$9.57M
4
BFK
BlackRock Municipal Income Trust
BFK
+$9.31M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$7.54M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$41.6M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$33.6M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$32.8M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.1M
5
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$24.8M

Sector Composition

Rank Sector Weight
1 Financials 27.26%
2 Healthcare 1.37%
3 Technology 1.26%
4 Industrials 0.95%
5 Communication Services 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BCAT icon
1
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$70.5M 3.16%
5,177,226
+223,933
+5% +$3.33M
ECAT icon
2
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$64.9M 2.91%
5,067,101
+93,320
+2% +$1.35M
NEA icon
3
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$64M 2.87%
6,036,314
-2,725,410
-31% -$32.8M
PDO
4
PIMCO Dynamic Income Opportunities Fund
PDO
$1.86B
$59.4M 2.66%
4,502,866
-48,826
-1% -$723K
NAD icon
5
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$53M 2.38%
4,821,195
-2,250,459
-32% -$28.1M
NRK icon
6
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$903M
$41.4M 1.86%
4,219,381
-1,013,819
-19% -$11.1M
BBDC icon
7
Barings BDC
BBDC
$864M
$37.9M 1.7%
4,579,309
+565,125
+14% +$5.46M
GBDC icon
8
Golub Capital BDC
GBDC
$3.34B
$37.6M 1.69%
3,034,177
+365,292
+14% +$4.97M
NZF icon
9
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$37M 1.66%
3,250,542
+584,601
+22% +$7.54M
PDX
10
PIMCO Dynamic Income Strategy Fund
PDX
$945M
$31M 1.39%
2,291,758
+27,138
+1% +$392K
PAXS
11
PIMCO Access Income Fund
PAXS
$666M
$30.2M 1.35%
1,903,778
+975,810
+105% +$16M
BACA
12
DELISTED
Berenson Acquisition Corp. I
BACA
$24.4M 1.09%
2,475,000
– –
JQC icon
13
Nuveen Credit Strategies Income Fund
JQC
$705M
$23.6M 1.06%
4,614,367
-507,115
-10% -$2.72M
BRW
14
Saba Capital Income & Opportunities Fund
BRW
$336M
$23.2M 1.04%
2,927,098
-326,959
-10% -$2.68M
MUI
15
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$22.8M 1.02%
2,101,456
-142,236
-6% -$1.71M
JPS
16
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$22.7M 1.02%
3,462,605
+636,579
+23% +$4.68M
MMU
17
Western Asset Managed Municipals Fund
MMU
$548M
$22.5M 1.01%
2,322,623
+82,307
+4% +$877K
MYI icon
18
BlackRock MuniYield Quality Fund III
MYI
$714M
$21.1M 0.95%
2,027,445
-7,715
-0.4% -$89.9K
EIM
19
Eaton Vance Municipal Bond Fund
EIM
$494M
$20.6M 0.92%
2,124,098
-33,860
-2% -$361K
NPCT icon
20
Nuveen Core Plus Impact Fund
NPCT
$279M
$19.9M 0.89%
1,943,675
-404,545
-17% -$4.8M
FTHY
21
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$501M
$19.5M 0.88%
1,448,322
-20,067
-1% -$301K
NAC icon
22
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$19M 0.85%
1,728,347
-361,805
-17% -$4.4M
EMD
23
Western Asset Emerging Markets Debt Fund
EMD
$611M
$18.5M 0.83%
2,313,960
-180,869
-7% -$1.62M
ZTR
24
Virtus Total Return Fund
ZTR
$340M
$17.8M 0.8%
+2,860,573
New +$22.4M
MHD icon
25
BlackRock MuniHoldings Fund
MHD
$602M
$16M 0.72%
1,419,058
-29,284
-2% -$376K
1
2 3 4 5

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Rivernorth Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Rivernorth Capital Management held 940 positions worth $2.23B, down 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management withdrew a net $153M in Q3 2022, closing 68 positions and reducing 85 holdings. Its most notable exit was Pershing Square Tontine Holdings, Ltd., an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Virtus Total Return Fund worth $17.8M.

  • Rivernorth Capital Management's largest Q3 2022 buy was Virtus Total Return Fund: 2,860,573 shares worth $17.8M.
  • Rivernorth Capital Management added most to PIMCO Access Income Fund in Q3 2022, an estimated $16M increase.
  • Rivernorth Capital Management's biggest Q3 2022 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $32.8M.
  • Rivernorth Capital Management fully exited Pershing Square Tontine Holdings, Ltd. in Q3 2022, selling an estimated $41.6M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $2.23B portfolio in Q3 2022.
  • Rivernorth Capital Management opened 121 new positions and closed 68 in Q3 2022.
  • Rivernorth Capital Management's portfolio value fell 9.7% quarter-over-quarter to $2.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.