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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
+1.99%
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
$2.07B
AUM Growth
-$154M
Cap. Flow
-$183M
Cap. Flow %
-8.88%
Top 10 Hldgs %
28.76%
Holding
850
New
133
Increased
85
Reduced
77
Closed
212

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$25.5M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$19.8M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$17.5M
4
PHK
PIMCO High Income Fund
PHK
+$13M
5
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$11.9M

Top Sells

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$18.2M
3
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$14.6M
4
PEPL
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
+$13.1M
5
JWSM
Jaws Mustang Acquisition Corp.
JWSM
+$12.4M

Sector Composition

Rank Sector Weight
1 Financials 17.27%
2 Industrials 1.55%
3 Technology 1.3%
4 Healthcare 0.84%
5 Consumer Discretionary 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ECAT icon
1
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$94.5M 4.58%
6,053,478
+656,162
+12% +$9.58M
BCAT icon
2
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$83.2M 4.03%
5,498,251
+73,318
+1% +$1.09M
NEA icon
3
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$72.9M 3.53%
6,556,796
-2,660,875
-29% -$29.7M
NAD icon
4
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$67.6M 3.27%
5,865,766
-1,572,257
-21% -$18.2M
NZF icon
5
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$61.3M 2.97%
5,132,806
+245,936
+5% +$2.95M
JPS
6
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$55.4M 2.68%
8,577,078
+2,802,602
+49% +$19.8M
NAC icon
7
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$50M 2.42%
4,542,729
+420,181
+10% +$4.67M
NVG icon
8
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$37.4M 1.81%
3,174,595
+2,126,640
+203% +$25.5M
BBDC icon
9
Barings BDC
BBDC
$864M
$36.4M 1.76%
4,581,696
-131,719
-3% -$1.11M
NUV icon
10
Nuveen Municipal Value Fund
NUV
$1.92B
$35.1M 1.7%
3,979,574
-710,868
-15% -$6.32M
PDX
11
PIMCO Dynamic Income Strategy Fund
PDX
$955M
$33.8M 1.64%
2,316,171
+44,313
+2% +$671K
PDO
12
PIMCO Dynamic Income Opportunities Fund
PDO
$1.86B
$32.9M 1.59%
2,652,122
-1,084,558
-29% -$14.6M
BTT icon
13
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$32.1M 1.55%
1,477,691
+317,275
+27% +$6.87M
WIW
14
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$31.1M 1.51%
3,403,961
+1,281,153
+60% +$11.9M
MMU
15
Western Asset Managed Municipals Fund
MMU
$548M
$28.7M 1.39%
2,794,998
+394,581
+16% +$4.06M
ZTR
16
Virtus Total Return Fund
ZTR
$340M
$28.4M 1.38%
4,385,723
+285,560
+7% +$1.88M
BMEZ icon
17
BlackRock Health Sciences Trust II
BMEZ
$968M
$27.4M 1.33%
1,637,579
+69,626
+4% +$1.12M
PAXS
18
PIMCO Access Income Fund
PAXS
$666M
$27.1M 1.31%
1,825,159
-5,215
-0.3% -$79.2K
MUC icon
19
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$24M 1.16%
2,165,675
+141,139
+7% +$1.56M
BRW
20
Saba Capital Income & Opportunities Fund
BRW
$336M
$23.3M 1.13%
2,858,700
-372,789
-12% -$3.01M
MYI icon
21
BlackRock MuniYield Quality Fund III
MYI
$709M
$22.8M 1.11%
2,013,811
+37,591
+2% +$420K
BACA
22
DELISTED
Berenson Acquisition Corp. I
BACA
$21.9M 1.06%
2,175,000
-300,000
-12% -$3.03M
PDI icon
23
PIMCO Dynamic Income Fund
PDI
$7.39B
$21.7M 1.05%
1,204,805
+891,268
+284% +$17.5M
HIO
24
Western Asset High Income Opportunity Fund
HIO
$336M
$19.9M 0.96%
5,222,210
+256,790
+5% +$1.02M
FTHY
25
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$501M
$19.7M 0.95%
1,410,599
-473
-0% -$6.69K
1
2 3 4 5

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Rivernorth Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Rivernorth Capital Management held 850 positions worth $2.07B, down 7% from $2.22B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $183M in Q1 2023, closing 212 positions and reducing 77 holdings. Its most notable exit was Jaws Mustang Acquisition Corp., an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in PIMCO Income Strategy Fund II worth $7.72M.

  • Rivernorth Capital Management's largest Q1 2023 buy was PIMCO Income Strategy Fund II: 1,077,061 shares worth $7.72M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $25.5M increase.
  • Rivernorth Capital Management's biggest Q1 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $29.7M.
  • Rivernorth Capital Management fully exited Jaws Mustang Acquisition Corp. in Q1 2023, selling an estimated $12.4M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.07B portfolio in Q1 2023.
  • Rivernorth Capital Management opened 133 new positions and closed 212 in Q1 2023.
  • Rivernorth Capital Management's portfolio value fell 7% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2023, filed 15 May 2023.