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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
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
$107M 5.54%
11,029,776
+3,299,963
+43% +$34.7M
BCAT icon
2
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$72.9M 3.78%
5,027,848
-446,952
-8% -$6.68M
ECAT icon
3
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$68.3M 3.54%
4,615,870
-866,207
-16% -$13.3M
NVG icon
4
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$60.7M 3.15%
5,883,972
+1,173,046
+25% +$13.2M
NAD icon
5
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$58.4M 3.03%
5,756,111
-1,457,571
-20% -$15.9M
NZF icon
6
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$57.1M 2.96%
5,472,119
-315,122
-5% -$3.57M
NAC icon
7
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$48.3M 2.5%
5,001,685
-574,834
-10% -$6.03M
JPS
8
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$42M 2.18%
6,803,241
-2,607,987
-28% -$16.6M
BTT icon
9
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$42M 2.18%
2,161,427
+310,992
+17% +$6.37M
NUV icon
10
Nuveen Municipal Value Fund
NUV
$1.92B
$41.8M 2.17%
5,056,987
+1,055,343
+26% +$8.98M
MHD icon
11
BlackRock MuniHoldings Fund
MHD
$602M
$39.8M 2.06%
3,858,836
+1,704,789
+79% +$19.3M
MMU
12
Western Asset Managed Municipals Fund
MMU
$548M
$38.9M 2.02%
4,355,316
+905,778
+26% +$8.77M
PDX
13
PIMCO Dynamic Income Strategy Fund
PDX
$945M
$38.2M 1.98%
1,923,915
-460,747
-19% -$7.76M
MQY icon
14
BlackRock MuniYield Quality Fund
MQY
$805M
$31M 1.61%
3,034,526
+1,007,082
+50% +$11.3M
MUC icon
15
BlackRock MuniHoldings California Quality Fund
MUC
$998M
$30.4M 1.58%
3,178,145
+492,658
+18% +$5.16M
BLE
16
DELISTED
BlackRock Municipal Income Trust II
BLE
$29.2M 1.51%
3,194,937
+1,391,490
+77% +$14M
BFK
17
DELISTED
BlackRock Municipal Income Trust
BFK
$27.9M 1.45%
3,143,723
+1,213,143
+63% +$11.8M
BMEZ icon
18
BlackRock Health Sciences Trust II
BMEZ
$968M
$24.3M 1.26%
1,684,864
+47,285
+3% +$737K
MUI
19
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$22.8M 1.18%
2,247,352
+1,175,493
+110% +$13M
BRW
20
Saba Capital Income & Opportunities Fund
BRW
$336M
$22.8M 1.18%
2,966,841
+130,941
+5% +$1.02M
MYD
21
DELISTED
BlackRock MuniYield Fund
MYD
$22.8M 1.18%
2,480,358
+937,142
+61% +$9.48M
MVF
22
DELISTED
BlackRock MuniVest Fund
MVF
$22.8M 1.18%
3,756,445
+1,442,688
+62% +$9.5M
WIW
23
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$22.1M 1.15%
2,686,967
-1,050,397
-28% -$9.18M
PDI icon
24
PIMCO Dynamic Income Fund
PDI
$7.39B
$21.6M 1.12%
1,252,299
-467,696
-27% -$8.62M
HIO
25
Western Asset High Income Opportunity Fund
HIO
$336M
$19.8M 1.03%
5,448,375
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1
2 3 4 5

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.