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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
+0.02%
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
$1.88B
AUM Growth
-$193M
Cap. Flow
-$191M
Cap. Flow %
-10.13%
Top 10 Hldgs %
26.86%
Holding
449
New
40
Increased
54
Reduced
68
Closed
89

Top Buys

Rank Stock Value
1
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.71M
2
FGMCU
FG Merger II Corp Unit
FGMCU
+$6.3M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$6.17M
4
PMX
PIMCO Municipal Income Fund III
PMX
+$5.82M
5
BINC icon
BlackRock Flexible Income ETF
BINC
+$5.69M

Top Sells

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$27.2M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$22.7M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$22M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$18.1M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$15M

Sector Composition

Rank Sector Weight
1 Financials 9.82%
2 Industrials 0.58%
3 Consumer Staples 0.28%
4 Energy 0.27%
5 Utilities 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAD icon
1
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$74.2M 3.94%
6,438,797
-1,869,597
-23% -$22M
NUV icon
2
Nuveen Municipal Value Fund
NUV
$1.92B
$67.8M 3.6%
7,734,691
-1,141,682
-13% -$10M
NVG icon
3
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$53.8M 2.85%
4,344,737
-1,193,952
-22% -$15M
MMU
4
Western Asset Managed Municipals Fund
MMU
$548M
$49.4M 2.62%
4,796,245
-722,921
-13% -$7.48M
MYD
5
DELISTED
BlackRock MuniYield Fund
MYD
$47.9M 2.54%
4,536,095
-50,738
-1% -$541K
MHD icon
6
BlackRock MuniHoldings Fund
MHD
$598M
$47.4M 2.52%
4,040,146
-82,363
-2% -$985K
NEA icon
7
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$43.8M 2.32%
3,908,812
-1,586,819
-29% -$18.1M
PDX
8
PIMCO Dynamic Income Strategy Fund
PDX
$955M
$42.5M 2.26%
1,732,791
-237,707
-12% -$6.08M
VMO icon
9
Invesco Municipal Opportunity Trust
VMO
$651M
$40.6M 2.15%
4,274,605
-695
-0% -$6.75K
BLE
10
DELISTED
BlackRock Municipal Income Trust II
BLE
$39.1M 2.07%
3,761,585
-39,285
-1% -$418K
BFK
11
DELISTED
BlackRock Municipal Income Trust
BFK
$34.9M 1.85%
3,528,058
+20,578
+0.6% +$208K
VKQ icon
12
Invesco Municipal Trust
VKQ
$541M
$33.5M 1.78%
3,474,819
-361,804
-9% -$3.56M
BTT icon
13
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$33.2M 1.76%
1,566,174
-2,695
-0.2% -$57K
MQY icon
14
BlackRock MuniYield Quality Fund
MQY
$805M
$32M 1.7%
2,734,818
-27,377
-1% -$324K
BMEZ icon
15
BlackRock Health Sciences Trust II
BMEZ
$968M
$30.3M 1.61%
2,036,349
+95,073
+5% +$1.49M
NZF icon
16
Nuveen Municipal Credit Income Fund
NZF
$2.4B
$28.3M 1.5%
2,315,534
-856,238
-27% -$10.6M
VGM icon
17
Invesco Trust Investment Grade Municipals
VGM
$548M
$26.2M 1.39%
2,632,775
-207,884
-7% -$2.1M
MVT
18
DELISTED
BlackRock MuniVest Fund II
MVT
$24.6M 1.31%
2,327,843
– –
AOD
19
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$24.2M 1.28%
2,882,462
-244,121
-8% -$2.1M
BSTZ icon
20
BlackRock Science and Technology Term Trust
BSTZ
$1.95B
$24M 1.28%
1,354,756
-78,197
-5% -$1.6M
SABA
21
Saba Capital Income & Opportunities Fund II
SABA
$220M
$23.9M 1.27%
2,748,263
+92,643
+3% +$835K
MVF
22
DELISTED
BlackRock MuniVest Fund
MVF
$22.9M 1.22%
3,269,092
-586,212
-15% -$4.21M
ECAT icon
23
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
$21.6M 1.14%
1,367,673
-1,370,994
-50% -$22.7M
MUE
24
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$21.1M 1.12%
2,108,064
-2,600
-0.1% -$26.6K
PFN
25
PIMCO Income Strategy Fund II
PFN
$698M
$20.4M 1.08%
2,699,440
– –
1
2 3 4 5

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Rivernorth Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Rivernorth Capital Management held 449 positions worth $1.88B, down 9.3% from $2.08B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $191M in Q1 2025, closing 89 positions and reducing 68 holdings. Its most notable exit was SK Growth Opportunities Corporation Class A Common Stock, an estimated $11.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.8% of assets, down from 11% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in FG Merger II Corp Unit worth $6.28M.

  • Rivernorth Capital Management's largest Q1 2025 buy was FG Merger II Corp Unit: 642,969 shares worth $6.28M.
  • Rivernorth Capital Management added most to Nuveen Pennsylvania Quality Municipal Income Fund in Q1 2025, an estimated $6.71M increase.
  • Rivernorth Capital Management's biggest Q1 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $27.2M.
  • Rivernorth Capital Management fully exited SK Growth Opportunities Corporation Class A Common Stock in Q1 2025, selling an estimated $11.6M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.88B portfolio in Q1 2025.
  • Rivernorth Capital Management opened 40 new positions and closed 89 in Q1 2025.
  • Rivernorth Capital Management's portfolio value fell 9.3% quarter-over-quarter to $1.88B.

Based on Rivernorth Capital Management's 13F filing for Q1 2025, filed 15 May 2025.