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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
+0.21%
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
$1.81B
AUM Growth
-$76.5M
Cap. Flow
-$67.5M
Cap. Flow %
-3.73%
Top 10 Hldgs %
23.52%
Holding
418
New
58
Increased
43
Reduced
79
Closed
61

Top Buys

Rank Stock Value
1
CRF
Cornerstone Total Return Fund
CRF
+$13.9M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$13.3M
3
XMPT icon
VanEck CEF Muni Income ETF
XMPT
+$6.78M
4
BHK icon
BlackRock Core Bond Trust
BHK
+$5.58M
5
CHACU
Crane Harbor Acquistion Corp Units
CHACU
+$5.41M

Top Sells

Rank Stock Value
1
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$30.3M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$25.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$20.8M
4
DMF
BNY Mellon Municipal Income
DMF
+$18.8M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.8M

Sector Composition

Rank Sector Weight
1 Financials 9.76%
2 Industrials 0.42%
3 Energy 0.29%
4 Consumer Staples 0.29%
5 Utilities 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAD icon
1
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$47.1M 2.6%
4,171,418
-2,267,379
-35% -$25.4M
MHD icon
2
BlackRock MuniHoldings Fund
MHD
$602M
$46.2M 2.55%
4,123,858
+83,712
+2% +$940K
NUV icon
3
Nuveen Municipal Value Fund
NUV
$1.91B
$46.2M 2.55%
5,314,276
-2,420,415
-31% -$20.8M
MYD
4
DELISTED
BlackRock MuniYield Fund
MYD
$45.9M 2.54%
4,572,204
+36,109
+0.8% +$364K
MMU
5
Western Asset Managed Municipals Fund
MMU
$551M
$44.2M 2.44%
4,460,981
-335,264
-7% -$3.32M
NVG icon
6
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.67B
$43.4M 2.4%
3,635,978
-708,759
-16% -$8.4M
BLE
7
DELISTED
BlackRock Municipal Income Trust II
BLE
$39.3M 2.18%
3,917,856
+156,271
+4% +$1.56M
VMO icon
8
Invesco Municipal Opportunity Trust
VMO
$651M
$39.1M 2.16%
4,264,520
-10,085
-0.2% -$92.9K
PDX
9
PIMCO Dynamic Income Strategy Fund
PDX
$942M
$39.1M 2.16%
1,586,652
-146,139
-8% -$3.33M
BFK
10
DELISTED
BlackRock Municipal Income Trust
BFK
$34.8M 1.93%
3,630,645
+102,587
+3% +$985K
VKQ icon
11
Invesco Municipal Trust
VKQ
$541M
$32.2M 1.78%
3,516,176
+41,357
+1% +$383K
MQY icon
12
BlackRock MuniYield Quality Fund
MQY
$812M
$30.3M 1.68%
2,729,373
-5,445
-0.2% -$60.3K
BTT icon
13
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$28.5M 1.57%
1,300,557
-265,617
-17% -$5.65M
SABA
14
Saba Capital Income & Opportunities Fund II
SABA
$220M
$27.6M 1.53%
3,006,207
+257,944
+9% +$2.23M
NEA icon
15
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.36B
$27.6M 1.53%
2,529,443
-1,379,369
-35% -$14.9M
BSTZ icon
16
BlackRock Science and Technology Term Trust
BSTZ
$1.83B
$26.8M 1.48%
1,289,664
-65,092
-5% -$1.21M
MVT
17
DELISTED
BlackRock MuniVest Fund II
MVT
$24.1M 1.33%
2,334,588
+6,745
+0.3% +$68.7K
ACP
18
abrdn Income Credit Strategies Fund
ACP
$631M
$22.2M 1.23%
3,755,030
+305,033
+9% +$1.75M
MYI icon
19
BlackRock MuniYield Quality Fund III
MYI
$715M
$20.9M 1.15%
1,989,301
+156,900
+9% +$1.65M
AOD
20
abrdn Total Dynamic Dividend Fund
AOD
$1.08B
$20.6M 1.14%
2,328,216
-554,246
-19% -$4.63M
MUE
21
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$20.6M 1.14%
2,148,516
+40,452
+2% +$389K
MUC icon
22
BlackRock MuniHoldings California Quality Fund
MUC
$1B
$20M 1.11%
1,936,856
+516,609
+36% +$5.37M
PFN
23
PIMCO Income Strategy Fund II
PFN
$695M
$20M 1.11%
2,704,482
+5,042
+0.2% +$36.4K
MVF
24
DELISTED
BlackRock MuniVest Fund
MVF
$19.7M 1.09%
2,993,056
-276,036
-8% -$1.86M
GLO
25
Clough Global Opportunities Fund
GLO
$244M
$19.5M 1.08%
3,591,285
+479,135
+15% +$2.42M
1
2 3 4 5

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Rivernorth Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Rivernorth Capital Management held 418 positions worth $1.81B, down 4.1% from $1.88B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $67.5M in Q2 2025, closing 61 positions and reducing 79 holdings. Its most notable exit was BlackRock Health Sciences Trust II, an estimated $30.3M position sold in full.

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

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Total Return Fund worth $15.2M.

  • Rivernorth Capital Management's largest Q2 2025 buy was Cornerstone Total Return Fund: 1,954,887 shares worth $15.2M.
  • Rivernorth Capital Management added most to BlackRock MuniHoldings California Quality Fund in Q2 2025, an estimated $5.37M increase.
  • Rivernorth Capital Management's biggest Q2 2025 reduction was Nuveen Quality Municipal Income Fund, cutting an estimated $25.4M.
  • Rivernorth Capital Management fully exited BlackRock Health Sciences Trust II in Q2 2025, selling an estimated $30.3M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.81B portfolio in Q2 2025.
  • Rivernorth Capital Management opened 58 new positions and closed 61 in Q2 2025.
  • Rivernorth Capital Management's portfolio value fell 4.1% quarter-over-quarter to $1.81B.

Based on Rivernorth Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.