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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
+3.64%
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
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAD icon
1
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$87.8M 4.24%
7,664,571
-156,494
-2% -$1.77M
NEA icon
2
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$85M 4.11%
7,681,126
-553,809
-7% -$6.08M
BCAT icon
3
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$79.5M 3.84%
4,770,075
-160,592
-3% -$2.49M
NVG icon
4
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$66.3M 3.21%
5,459,872
-315,618
-5% -$3.75M
MMU
5
Western Asset Managed Municipals Fund
MMU
$548M
$60.2M 2.91%
5,756,089
+379,208
+7% +$3.86M
NUV icon
6
Nuveen Municipal Value Fund
NUV
$1.92B
$59.8M 2.89%
6,860,231
+216,713
+3% +$1.89M
JPC icon
7
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
$50.6M 2.45%
7,042,269
-2,563,375
-27% -$18.2M
MYD
8
DELISTED
BlackRock MuniYield Fund
MYD
$49.7M 2.4%
4,490,529
– –
MHD icon
9
BlackRock MuniHoldings Fund
MHD
$598M
$49.3M 2.38%
4,084,819
– –
NAC icon
10
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$49.3M 2.38%
4,477,060
-201,187
-4% -$2.21M
BTT icon
11
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$45.2M 2.18%
2,144,777
– –
PDX
12
PIMCO Dynamic Income Strategy Fund
PDX
$955M
$41.3M 2%
1,947,642
+15,750
+0.8% +$314K
ECAT icon
13
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$40.7M 1.97%
2,342,653
-748,890
-24% -$12.5M
BLE
14
DELISTED
BlackRock Municipal Income Trust II
BLE
$40M 1.93%
3,683,138
– –
MQY icon
15
BlackRock MuniYield Quality Fund
MQY
$805M
$38.4M 1.86%
3,137,690
-13,639
-0.4% -$167K
MUI
16
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$36.2M 1.75%
3,000,129
+63,675
+2% +$749K
BFK
17
DELISTED
BlackRock Municipal Income Trust
BFK
$35.6M 1.72%
3,446,115
– –
NZF icon
18
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$33.1M 1.6%
2,700,584
-1,195,805
-31% -$14.2M
MVF
19
DELISTED
BlackRock MuniVest Fund
MVF
$30.6M 1.48%
4,337,870
+46,017
+1% +$322K
MUC icon
20
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$27.1M 1.31%
2,459,715
-568,078
-19% -$6.31M
BMEZ icon
21
BlackRock Health Sciences Trust II
BMEZ
$968M
$25.2M 1.22%
1,536,055
-434,187
-22% -$6.85M
BSTZ icon
22
BlackRock Science and Technology Term Trust
BSTZ
$1.95B
$25M 1.21%
1,288,119
+517,336
+67% +$9.29M
MVT
23
DELISTED
BlackRock MuniVest Fund II
MVT
$23.9M 1.16%
2,191,124
+100,923
+5% +$1.09M
BRW
24
Saba Capital Income & Opportunities Fund
BRW
$336M
$23M 1.11%
3,153,965
+69,769
+2% +$516K
EIM
25
Eaton Vance Municipal Bond Fund
EIM
$491M
$22.6M 1.09%
2,182,455
+20,000
+0.9% +$205K
1
2 3 4 5

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.