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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
-4.32%
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
$2.08B
AUM Growth
+$7.35M
Cap. Flow
+$105M
Cap. Flow %
5.03%
Top 10 Hldgs %
28.85%
Holding
491
New
103
Increased
49
Reduced
63
Closed
82

Top Buys

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$27.5M
2
VKQ icon
Invesco Municipal Trust
VKQ
+$22M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19M
4
PML
PIMCO Municipal Income Fund II
PML
+$12.9M
5
NUV icon
Nuveen Municipal Value Fund
NUV
+$12.9M

Top Sells

Rank Stock Value
1
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$31.1M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$15.5M
3
GRAF.U
Graf Global Corp Units
GRAF.U
+$11M
4
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$10.3M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$10.1M

Sector Composition

Rank Sector Weight
1 Financials 10.85%
2 Industrials 0.52%
3 Technology 0.44%
4 Consumer Staples 0.25%
5 Energy 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
$96.9M 4.66%
8,308,394
-181,369
-2% -$2.18M
NUV icon
2
Nuveen Municipal Value Fund
NUV
$1.92B
$76.2M 3.67%
8,876,373
+1,455,687
+20% +$12.9M
NVG icon
3
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$67.9M 3.27%
5,538,689
+943,447
+21% +$12.2M
NEA icon
4
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$62M 2.98%
5,495,631
-1,331,654
-20% -$15.5M
MMU
5
Western Asset Managed Municipals Fund
MMU
$548M
$56.3M 2.71%
5,519,166
-157,919
-3% -$1.66M
PDX
6
PIMCO Dynamic Income Strategy Fund
PDX
$955M
$51.5M 2.48%
1,970,498
+4,975
+0.3% +$124K
MHD icon
7
BlackRock MuniHoldings Fund
MHD
$598M
$48.1M 2.31%
4,122,509
-7,005
-0.2% -$86.3K
BCAT icon
8
BlackRock Capital Allocation Term Trust
BCAT
$1.65B
$48.1M 2.31%
3,174,158
-326,326
-9% -$5.25M
MYD
9
DELISTED
BlackRock MuniYield Fund
MYD
$47.7M 2.29%
4,586,833
+389,520
+9% +$4.35M
ECAT icon
10
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$44.9M 2.16%
2,738,667
-595,617
-18% -$10.3M
VMO icon
11
Invesco Municipal Opportunity Trust
VMO
$651M
$41.6M 2%
4,275,300
+1,907,773
+81% +$19M
BLE
12
DELISTED
BlackRock Municipal Income Trust II
BLE
$39.9M 1.92%
3,800,870
+67,977
+2% +$740K
NZF icon
13
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$38.6M 1.86%
3,171,772
+527,438
+20% +$6.69M
VKQ icon
14
Invesco Municipal Trust
VKQ
$541M
$37.6M 1.81%
3,836,623
+2,194,077
+134% +$22M
BFK
15
DELISTED
BlackRock Municipal Income Trust
BFK
$34.6M 1.66%
3,507,480
+52,702
+2% +$542K
BTT icon
16
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$32.3M 1.55%
1,568,869
-192,145
-11% -$4.07M
MQY icon
17
BlackRock MuniYield Quality Fund
MQY
$805M
$31.8M 1.53%
2,762,195
+192,409
+7% +$2.41M
BSTZ icon
18
BlackRock Science and Technology Term Trust
BSTZ
$1.95B
$29.7M 1.43%
1,432,953
-216,272
-13% -$4.46M
MUC icon
19
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$29.5M 1.42%
2,776,357
+238,746
+9% +$2.66M
VGM icon
20
Invesco Trust Investment Grade Municipals
VGM
$548M
$28.7M 1.38%
2,840,659
+1,228,240
+76% +$12.6M
BMEZ icon
21
BlackRock Health Sciences Trust II
BMEZ
$968M
$28M 1.35%
1,941,276
+147,551
+8% +$2.28M
NAC icon
22
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$27.2M 1.31%
2,405,643
-383,450
-14% -$4.43M
MVF
23
DELISTED
BlackRock MuniVest Fund
MVF
$27.1M 1.31%
3,855,304
-243,920
-6% -$1.79M
ACP
24
abrdn Income Credit Strategies Fund
ACP
$635M
$27.1M 1.31%
4,545,872
+422,196
+10% +$2.7M
AOD
25
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$26.3M 1.27%
+3,126,583
New +$27.5M
1
2 3 4 5

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Rivernorth Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Rivernorth Capital Management held 491 positions worth $2.08B, up 0.35% from $2.07B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management deployed $105M of net new capital in Q4 2024, opening 103 new positions and adding to 49 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 3,126,583 shares worth $26.3M.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 7.8% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was BlackRock Municipal Income Fund, Inc., an estimated $31.1M trimmed.

  • Rivernorth Capital Management's largest Q4 2024 buy was abrdn Total Dynamic Dividend Fund: 3,126,583 shares worth $26.3M.
  • Rivernorth Capital Management added most to Invesco Municipal Trust in Q4 2024, an estimated $22M increase.
  • Rivernorth Capital Management's biggest Q4 2024 reduction was BlackRock Municipal Income Fund, Inc., cutting an estimated $31.1M.
  • Rivernorth Capital Management fully exited Graf Global Corp Units in Q4 2024, selling an estimated $11M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.08B portfolio in Q4 2024.
  • Rivernorth Capital Management opened 103 new positions and closed 82 in Q4 2024.
  • Rivernorth Capital Management's portfolio value rose 0.35% quarter-over-quarter to $2.08B.

Based on Rivernorth Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.