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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
+9.45%
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
$2.09B
AUM Growth
+$159M
Cap. Flow
-$8M
Cap. Flow %
-0.38%
Top 10 Hldgs %
31.09%
Holding
587
New
43
Increased
68
Reduced
80
Closed
98

Top Buys

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$50.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$21.8M
3
MYD
BlackRock MuniYield Fund
MYD
+$19.7M
4
NUV icon
Nuveen Municipal Value Fund
NUV
+$13.2M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$12.5M

Top Sells

Rank Stock Value
1
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$42M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$28.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.2M
4
ZTR
Virtus Total Return Fund
ZTR
+$18M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.3M

Sector Composition

Rank Sector Weight
1 Financials 10.43%
2 Technology 0.93%
3 Healthcare 0.8%
4 Industrials 0.53%
5 Consumer Discretionary 0.28%
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
$90.6M 4.34%
8,234,935
-2,794,841
-25% -$28.5M
NAD icon
2
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$89.6M 4.29%
7,821,065
+2,064,954
+36% +$21.8M
BCAT icon
3
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$73.7M 3.53%
4,930,667
-97,181
-2% -$1.41M
NVG icon
4
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$68.3M 3.27%
5,775,490
-108,482
-2% -$1.18M
JPC icon
5
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
$64.9M 3.11%
9,605,644
+7,921,053
+470% +$50.4M
NUV icon
6
Nuveen Municipal Value Fund
NUV
$1.92B
$57.1M 2.74%
6,643,518
+1,586,531
+31% +$13.2M
MMU
7
Western Asset Managed Municipals Fund
MMU
$548M
$54.7M 2.62%
5,376,881
+1,021,565
+23% +$9.64M
NAC icon
8
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$51.9M 2.48%
4,678,247
-323,438
-6% -$3.29M
ECAT icon
9
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$49.9M 2.39%
3,091,543
-1,524,327
-33% -$23.2M
MHD icon
10
BlackRock MuniHoldings Fund
MHD
$602M
$48.7M 2.33%
4,084,819
+225,983
+6% +$2.48M
MYD
11
DELISTED
BlackRock MuniYield Fund
MYD
$48.4M 2.32%
4,490,529
+2,010,171
+81% +$19.7M
NZF icon
12
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$46.1M 2.21%
3,896,389
-1,575,730
-29% -$17.3M
BTT icon
13
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$44.6M 2.14%
2,144,777
-16,650
-0.8% -$335K
PDX
14
PIMCO Dynamic Income Strategy Fund
PDX
$945M
$39.6M 1.89%
1,931,892
+7,977
+0.4% +$157K
BLE
15
DELISTED
BlackRock Municipal Income Trust II
BLE
$39.3M 1.88%
3,683,138
+488,201
+15% +$4.78M
MQY icon
16
BlackRock MuniYield Quality Fund
MQY
$805M
$38.4M 1.84%
3,151,329
+116,803
+4% +$1.28M
BFK
17
DELISTED
BlackRock Municipal Income Trust
BFK
$34.7M 1.66%
3,446,115
+302,392
+10% +$2.85M
MUI
18
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$34.2M 1.64%
2,936,454
+689,102
+31% +$7.41M
MUC icon
19
BlackRock MuniHoldings California Quality Fund
MUC
$998M
$33.7M 1.61%
3,027,793
-150,352
-5% -$1.53M
MVF
20
DELISTED
BlackRock MuniVest Fund
MVF
$30.6M 1.46%
4,291,853
+535,408
+14% +$3.48M
BMEZ icon
21
BlackRock Health Sciences Trust II
BMEZ
$968M
$28.9M 1.38%
1,970,242
+285,378
+17% +$3.98M
BRW
22
Saba Capital Income & Opportunities Fund
BRW
$336M
$23.8M 1.14%
3,084,196
+117,355
+4% +$894K
MYI icon
23
BlackRock MuniYield Quality Fund III
MYI
$714M
$22.7M 1.09%
1,951,002
-100,000
-5% -$1.04M
MVT
24
DELISTED
BlackRock MuniVest Fund II
MVT
$22.5M 1.08%
2,090,201
+21,494
+1% +$214K
EIM
25
Eaton Vance Municipal Bond Fund
EIM
$494M
$21.9M 1.05%
2,162,455
-16,091
-0.7% -$151K
1
2 3 4 5

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Rivernorth Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Rivernorth Capital Management held 587 positions worth $2.09B, up 8.3% from $1.93B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management's Q4 2023 filing shows 43 new, 68 increased, 80 reduced and 98 closed positions. Its largest new stake was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M. The largest sale was Nuveen Preferred & Income Securities Fund, an estimated $42M.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 12% a quarter earlier, followed by Technology and Healthcare.

  • Rivernorth Capital Management's largest Q4 2023 buy was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M.
  • Rivernorth Capital Management added most to Nuveen Preferred & Income Opportunities Fund in Q4 2023, an estimated $50.4M increase.
  • Rivernorth Capital Management's biggest Q4 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $28.5M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q4 2023, selling an estimated $42M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.09B portfolio in Q4 2023.
  • Rivernorth Capital Management opened 43 new positions and closed 98 in Q4 2023.
  • Rivernorth Capital Management's portfolio value rose 8.3% quarter-over-quarter to $2.09B.

Based on Rivernorth Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.