We are live on ! Find out more
RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.66%
This Fund
S&P 500
This Quarter Est. Return
+3.24%
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
$2.22B
AUM Growth
-$9.14M
Cap. Flow
-$68.7M
Cap. Flow %
-3.1%
Top 10 Hldgs %
27.51%
Holding
975
New
103
Increased
138
Reduced
81
Closed
258

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$26.8M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$26M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$21.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$41.4M
2
GBDC icon
Golub Capital BDC
GBDC
+$35.8M
3
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$15.2M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15M
5
VVR icon
Invesco Senior Income Trust
VVR
+$12.6M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Industrials 1.07%
3 Technology 1.07%
4 Healthcare 0.96%
5 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEA icon
1
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$105M 4.72%
9,217,671
+3,181,357
+53% +$34.7M
NAD icon
2
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$87.8M 3.95%
7,438,023
+2,616,828
+54% +$29.4M
BCAT icon
3
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$75.2M 3.39%
5,424,933
+247,707
+5% +$3.5M
ECAT icon
4
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$72.5M 3.27%
5,397,316
+330,215
+7% +$4.51M
NZF icon
5
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$59M 2.66%
4,886,870
+1,636,328
+50% +$18.9M
PDO
6
PIMCO Dynamic Income Opportunities Fund
PDO
$1.86B
$47.7M 2.15%
3,736,680
-766,186
-17% -$10.6M
NAC icon
7
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$45.6M 2.06%
4,122,548
+2,394,201
+139% +$26M
NUV icon
8
Nuveen Municipal Value Fund
NUV
$1.92B
$40.3M 1.82%
4,690,442
+3,141,328
+203% +$26.8M
JPS
9
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$39.3M 1.77%
5,774,476
+2,311,871
+67% +$15.8M
BBDC icon
10
Barings BDC
BBDC
$864M
$38.4M 1.73%
4,713,415
+134,106
+3% +$1.16M
PDX
11
PIMCO Dynamic Income Strategy Fund
PDX
$945M
$33.9M 1.53%
2,271,858
-19,900
-0.9% -$302K
PAXS
12
PIMCO Access Income Fund
PAXS
$666M
$27.1M 1.22%
1,830,374
-73,404
-4% -$1.15M
ZTR
13
Virtus Total Return Fund
ZTR
$340M
$26.9M 1.21%
4,100,163
+1,239,590
+43% +$8.07M
BACA
14
DELISTED
Berenson Acquisition Corp. I
BACA
$24.8M 1.12%
2,475,000
– –
BTT icon
15
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$24.7M 1.11%
1,160,416
+1,016,988
+709% +$21.4M
BRW
16
Saba Capital Income & Opportunities Fund
BRW
$336M
$24.6M 1.11%
3,231,489
+304,391
+10% +$2.38M
BMEZ icon
17
BlackRock Health Sciences Trust II
BMEZ
$968M
$24.2M 1.09%
1,567,953
+1,032,128
+193% +$16M
MMU
18
Western Asset Managed Municipals Fund
MMU
$548M
$24.2M 1.09%
2,400,417
+77,794
+3% +$771K
MYI icon
19
BlackRock MuniYield Quality Fund III
MYI
$714M
$22.2M 1%
1,976,220
-51,225
-3% -$544K
MUC icon
20
BlackRock MuniHoldings California Quality Fund
MUC
$998M
$21.7M 0.98%
2,024,536
+1,845,636
+1,032% +$19.7M
HYT icon
21
BlackRock Corporate High Yield Fund
HYT
$1.36B
$20.8M 0.94%
+2,381,391
New +$20.8M
FSK icon
22
FS KKR Capital
FSK
$2.96B
$20.5M 0.92%
1,172,609
+553,640
+89% +$10.3M
HIO
23
Western Asset High Income Opportunity Fund
HIO
$336M
$19.6M 0.88%
4,965,420
+950,859
+24% +$3.66M
WIW
24
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$19.4M 0.87%
+2,122,808
New +$19.9M
JQC icon
25
Nuveen Credit Strategies Income Fund
JQC
$705M
$19.2M 0.87%
3,777,479
-836,888
-18% -$4.28M
1
2 3 4 5

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
LBC
Lowe Brockenbrough & Co Richmond, Virginia $2.01B AUM 22.05% 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

Rivernorth Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Rivernorth Capital Management held 975 positions worth $2.22B, down 0.41% from $2.23B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $68.7M in Q4 2022, closing 258 positions and reducing 81 holdings. Its most notable exit was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 27% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Corporate High Yield Fund worth $20.8M.

  • Rivernorth Capital Management's largest Q4 2022 buy was BlackRock Corporate High Yield Fund: 2,381,391 shares worth $20.8M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q4 2022 reduction was Golub Capital BDC, cutting an estimated $35.8M.
  • Rivernorth Capital Management fully exited Nuveen New York AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $41.4M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $2.22B portfolio in Q4 2022.
  • Rivernorth Capital Management opened 103 new positions and closed 258 in Q4 2022.
  • Rivernorth Capital Management's portfolio value fell 0.41% quarter-over-quarter to $2.22B.

Based on Rivernorth Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.