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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
+3.94%
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
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
GRAF.U
Graf Global Corp Units
GRAF.U
+$11.1M
3
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
4
PCF
High Income Securities Fund
PCF
+$7.68M
5
DMF
BNY Mellon Municipal Income
DMF
+$7.54M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAD icon
1
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$105M 5.08%
8,489,763
-368,040
-4% -$4.42M
NEA icon
2
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$81.7M 3.95%
6,827,285
-1,123,337
-14% -$13.1M
NUV icon
3
Nuveen Municipal Value Fund
NUV
$1.92B
$66.9M 3.23%
7,420,686
+618,364
+9% +$5.46M
MMU
4
Western Asset Managed Municipals Fund
MMU
$548M
$61.5M 2.97%
5,677,085
-162,599
-3% -$1.73M
NVG icon
5
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$61.5M 2.97%
4,595,242
-782,920
-15% -$10M
ECAT icon
6
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$59.2M 2.86%
3,334,284
-257,586
-7% -$4.48M
BCAT icon
7
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$57.6M 2.78%
3,500,484
-1,205,942
-26% -$19.8M
MHD icon
8
BlackRock MuniHoldings Fund
MHD
$602M
$52.2M 2.52%
4,129,514
+66,534
+2% +$819K
MYD
9
DELISTED
BlackRock MuniYield Fund
MYD
$48M 2.32%
4,197,313
-293,756
-7% -$3.28M
PDX
10
PIMCO Dynamic Income Strategy Fund
PDX
$945M
$46.4M 2.24%
1,965,523
+12,728
+0.7% +$292K
BLE
11
DELISTED
BlackRock Municipal Income Trust II
BLE
$42M 2.03%
3,732,893
+48,807
+1% +$538K
BTT icon
12
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$38.1M 1.84%
1,761,014
-372,650
-17% -$7.92M
BFK
13
DELISTED
BlackRock Municipal Income Trust
BFK
$36.5M 1.76%
3,454,778
+5,647
+0.2% +$58.7K
MUI
14
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$35.6M 1.72%
2,832,259
– –
NZF icon
15
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$34.6M 1.67%
2,644,334
+9,857
+0.4% +$125K
MQY icon
16
BlackRock MuniYield Quality Fund
MQY
$805M
$33.7M 1.63%
2,569,786
-553,759
-18% -$6.97M
NAC icon
17
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$33.2M 1.6%
2,789,093
-811,869
-23% -$9.52M
BSTZ icon
18
BlackRock Science and Technology Term Trust
BSTZ
$1.92B
$31.7M 1.53%
1,649,225
-86,069
-5% -$1.64M
MVF
19
DELISTED
BlackRock MuniVest Fund
MVF
$31.2M 1.5%
4,099,224
-261,380
-6% -$1.94M
MUC icon
20
BlackRock MuniHoldings California Quality Fund
MUC
$998M
$29.2M 1.41%
2,537,611
+167,785
+7% +$1.89M
BMEZ icon
21
BlackRock Health Sciences Trust II
BMEZ
$968M
$28.4M 1.37%
1,793,725
-182,682
-9% -$2.88M
ACP
22
abrdn Income Credit Strategies Fund
ACP
$635M
$27.3M 1.32%
+4,123,676
New +$26.9M
SABA
23
Saba Capital Income & Opportunities Fund II
SABA
$223M
$26.3M 1.27%
3,088,302
-240,605
-7% -$1.99M
MVT
24
DELISTED
BlackRock MuniVest Fund II
MVT
$25.2M 1.22%
2,213,642
+37,419
+2% +$419K
PHK
25
PIMCO High Income Fund
PHK
$867M
$24.7M 1.19%
4,939,765
+301,706
+7% +$1.46M
1
2 3 4 5

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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.