SEC 13F Intelligence

Managers / Q4 2022 · view latest →

RIVERNORTH CAPITAL MANAGEMENT, LLC

CIK 0001447578 · 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH, FL, 33401 · 561-484-7185

Reported Value
$2.2B
Q4 2022
Positions
717
Filings on Record
32
2019–present window
Filed
Feb 14, 2023
original filing

Summary

Rivernorth Capital Management, LLC reported $2.2B in U.S.-listed holdings across 717 positions for Q4 2022.

Its largest position, XNEAX, represents 4.7% of the portfolio.

Compared with Q3 2022, the fund opened 114 new positions and exited 270.

Portfolio Metrics

Turnover
+27.5%
vs prior filed quarter
Top-10 Concentration
+27.5%
share of reported value
Largest Position
+4.7%
Nuveen Amt Free Qlty Mun
New / Exited
114 / 270
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.7BQ4 ’18Q1 ’19: $1.5BQ2 ’19: $2.3BQ3 ’19: $2.2BQ4 ’19: $1.7BQ4 ’19Q1 ’20: $1.5BQ2 ’20: $1.8BQ3 ’20: $1.6BQ4 ’20: $1.7BQ4 ’20Q1 ’21: $1.7BQ2 ’21: $1.8BQ3 ’21: $1.9BQ4 ’21: $2.5BQ4 ’21Q1 ’22: $2.7BQ2 ’22: $2.5BQ3 ’22: $2.2BQ4 ’22: $2.2BQ4 ’22Q1 ’23: $2.1BQ2 ’23: $2.0BQ3 ’23: $1.9BQ4 ’23: $2.1BQ4 ’23Q1 ’24: $2.1BQ2 ’24: $2.1BQ3 ’24: $2.0BQ4 ’24: $2.1BQ4 ’24Q1 ’25: $1.9BQ2 ’25: $1.8BQ3 ’25: $1.8BQ4 ’25: $2.1BQ4 ’25Q1 ’26: $2.0Bfilingsflow.com

Portfolio Composition

By security type
Closed-End Fund: 61.9%Other: 31.3%Common Stock: 4.9%Unit: 1.3%ETP: 0.6%Other: 0.0%
  • Closed-End Fund · 61.9% · $1.4B
  • Other · 31.3% · $696M
  • Common Stock · 4.9% · $108M
  • Unit · 1.3% · $29M
  • ETP · 0.6% · $13M
  • Other · 0.0% · $849,394

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HYTBLACKROCK CORPOR HI YLD FD INEW+2.38M2.38M+$21M$21M
WIWWESTERN AST INFL LKD OPP & INEW+2.12M2.12M+$19M$19M
NEWHOLD INVESTMENT CORP IINEW+1.52M1.52M+$15M$15M
NUVEEN AMT FREE MUN CR INC FNEW+1.05M1.05M+$13M$13M
INVESCO EXCH TRADED FD TR IINEW+503.8K503.8K+$9M$9M
MUABLACKROCK MUNIASSETS FD INCNEW+736.7K736.7K+$8M$8M
FIRST TR INTER DURATN PFD &NEW+343.4K343.4K+$6M$6M
SPREE ACQUISITION CORP 1 LTDNEW+450.0K450.0K+$5M$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

424 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XNEAXNUVEEN AMT FREE QLTY MUN INChistory →COM4.72%$105M9.22M
2NADNUVEEN QUALITY MUNCP INCOMEhistory →COM3.95%$88M7.44M
3BCATEURBLACKROCK CAP ALLOCATION TRhistory →COM3.39%$75M5.42M
4ECATBLACKROCK ESG CAP ALLC TRhistory →SHS BEN INT3.27%$72M5.40M
5NUVEEN MUNICIPAL CREDIT INCCOM SH BEN INT2.66%$59M4.89M
6PDOPIMCO DYNAMIC INCOME OPRNTShistory →COM BEN SHS2.15%$48M3.74M
7NUVEEN CA QUALTY MUN INCOMECOM2.06%$46M4.12M
8NUVEEN MUN VALUE FD INCCOM1.82%$40M4.69M
9NUVEEN PFD & INCOME SECS FDCOM1.77%$39M5.77M
10TRYBARINGS BDC INChistory →COM1.73%$38M4.71M
11NRGXEURPIMCO ENERGY & TACTICAL CR Ohistory →COM SHS BEN INT1.53%$34M2.27M
12PAXSPIMCO ACCESS INCOME FUNDhistory →SHS BENFIN INT1.22%$27M1.83M
13ZTRVIRTUS TOTAL RETURN FD INChistory →COM1.21%$27M4.10M
14MYIBLACKROCK MUNIYIELD QUALITYCOM1.12%$25M2.25M
15BERENSON ACQUISITION CORP ICL A COM · *W EXP 08/01/2021.12%$25M3.71M
16BLACKROCK MUN TARGET TERM TRCOM SHS BEN IN1.11%$25M1.16M
17BRWSABA CAPITAL INCOME & OPRNThistory →SHS NEW1.11%$25M3.23M
18BLACKROCK HEALTH SCIENCS TRCOM SHS1.09%$24M1.57M
19MMUWESTERN ASSET MANAGED MUNS Fhistory →COM1.09%$24M2.40M
20BLACKROCK MUNIHLDNGS CALI QLCOM0.98%$22M2.02M
21HYTBLACKROCK CORPOR HI YLD FD Ihistory →COM0.94%$21M2.38M
22FSKFS KKR CAP CORPhistory →COM0.92%$21M1.17M
23WESTERN ASSET HIGH INCOME OPCOM0.88%$20M4.97M
24WIWWESTERN AST INFL LKD OPP & Ihistory →COM0.87%$19M2.12M
25XJQCXNUVEEN CR STRATEGIES INCOMEhistory →COM SHS0.87%$19M3.78M
26EATON VANCE MUN BD FDCOM0.87%$19M1.85M
27FTHYFIRST TR HIGH YIELD OPPRT 20history →COM0.86%$19M1.41M
28WESTERN ASSET EMERGING MKTSCOM0.76%$17M1.85M
29XPMAXPIONEER MUNICIPAL HIGH INCOMCOM SHS0.74%$17M1.96M
30CHURCHILL CAPITAL CORP VIICOM CL A · UNIT 99/99/9999 · *W EXP 02/29/2020.70%$16M2.81M
31BLACKROCK CALIF MUN INCOME TSH BEN INT0.69%$15M1.42M
32NEWHOLD INVESTMENT CORP IICOM CL A · *W EXP 10/21/2020.69%$15M2.39M
33PEPPERLIME HEALTH ACQUSTN COCLASS A ORD SHS0.68%$15M1.49M
34MHDBLACKROCK MUNIHOLDINGS FD INhistory →COM0.68%$15M1.24M
35ARMADA ACQUISITION CORP ICOM · *W EXP 08/13/2020.68%$15M2.23M
36BLEBLACKROCK MUNI INCOME TR IIhistory →COM0.68%$15M1.46M
37BYNOUBYNORDIC ACQUISITION CORPhistory →UNIT 07/01/20270.68%$15M1.49M
38IQIINVESCO QUALITY MUN INCOME Thistory →COM0.67%$15M1.59M
39BARINGS CORPORATE INVSCOM0.67%$15M1.07M
40WDIWESTERN ASSET DIVERSIFIED INhistory →COM SHS BEN INT0.66%$15M1.16M
41INVESCO TR INVT GRADE MUNSCOM0.66%$15M1.46M
42BLACKROCK MUN INCOME TRSH BEN INT0.62%$14M1.37M
43NPCTNUVEEN CORE PLUS IMPACT FUNDhistory →COM BEN INT0.61%$14M1.32M
44BLACKROCK MUNIYILD QULT FD ICOM0.61%$14M1.17M
45XMYDXBLACKROCK MUNIYIELD FD INChistory →COM0.58%$13M1.25M
46BRANDYWINEGBL GBL INCM OPP FCOM0.58%$13M1.57M
47NUVEEN AMT FREE MUN CR INC FCOM0.57%$13M1.05M
48JAWS MUSTANG ACQUISITION CORSHS CL A · UNIT 99/99/9999 · *W EXP 01/30/2020.57%$13M2.82M
49COHEN & STEERS TAX ADVAN PFDCOM0.55%$12M686.7K
50GHYPGIM GLOBAL HIGH YIELD FD FOhistory →COM0.54%$12M1.10M
51PGIM SHORT DUR HIG YLD OPP FCOM0.53%$12M799.1K
52BARINGS PARTN INVSSH BEN INT0.52%$12M938.4K
53GUGGUGGENHEIM ACTIVE ALLOC FDCOMMON STOCK0.45%$10M743.1K
54IX ACQUISITION CORPCLASS A ORD SHS0.45%$10M980.0K
55INVESCO EXCH TRADED FD TR IICEF INM COMPSI · FTSE RAFI EMNG0.44%$10M541.7K
56NUVEEN VRIABL RAT PFD & INMCOM0.44%$10M556.1K
57BGBBLACKSTONE STRATEGIC CREDITCOM SHS BEN IN0.43%$10M911.8K
58FRANKLIN LTD DURATION INCOMECOM0.42%$9M1.49M
59JAWS HURRICANE ACQUISITN CORCLASS A COM · UNIT 06/08/2026 · *W EXP 03/26/2020.41%$9M1.99M
60SVF INVESTMENT CORPCL A SHS · UNIT 12/20/2025 · *W EXP 01/12/2020.41%$9M1.65M
61INVESCO MUN OPPORTUNITY TRCOM0.40%$9M899.8K
62ISDPGIM HIGH YIELD BOND FUND INCOM0.40%$9M746.0K
63ARES ACQUISITION CORPORATIONCOM CL A · UNIT 99/99/9999 · *W EXP 02/02/2020.40%$9M1.93M
64AFBALLIANCEBERNSTEIN NATL MUN ICOM0.39%$9M834.6K
65CHURCHILL CAPITAL CORP VICOM CL A · UNIT 99/99/9999 · *W EXP 02/17/2020.39%$9M1.60M
66XMUIXBLACKROCK MUNICIPAL INCOMECOM0.37%$8M721.2K
67MUABLACKROCK MUNIASSETS FD INCCOM0.36%$8M736.7K
68MORGAN STANLEY EMERGING MKTSCOM0.36%$8M1.80M
69AVALON ACQUISITION INCCLASS A COM · *W EXP 12/31/2020.35%$8M1.31M
70BARINGS GLOBAL SHORT DURATIOCOM0.34%$8M599.8K
71REVELSTONE CAPITAL ACQSTN COUNIT 12/17/20260.34%$7M750.0K
72DELAWARE IVY HIGH INCOME OPPCOM0.32%$7M654.6K
73SCREAMING EAGLE ACQUISITN COUNIT 01/05/2027 · *W EXP 01/05/202 · CLASS A ORD SHS0.32%$7M2.03M
74NCANUVEEN CALIFORNIA MUNI VLU FCOM STK0.31%$7M816.5K
75FORTRESS CAPITAL ACQUISITIONSHS CL A · UNIT 99/99/99990.30%$7M665.4K
76CC NEUBERGER PRINCIPAL HOLDNSHS CL A · UNIT 99/99/9999 · *W EXP 02/05/2020.30%$7M1.31M
77INTEINTEGRAL ACQUISITION CORP 1CLASS A COM · *W EXP 05/31/2020.30%$7M975.0K
78PHKPIMCO HIGH INCOME FDCOM SHS0.28%$6M1.33M
79XMVTXBLACKROCK MUNIVEST FD II INCCOM0.28%$6M594.9K
80PDIPIMCO DYNAMIC INCOME FDSHS0.26%$6M313.5K
81FIRST TR INTER DURATN PFD &COM0.26%$6M343.4K
82RICE ACQUISITION CORP IIUNIT 99/99/9999 · SHS CL A0.26%$6M554.6K
83XMVFXBLACKROCK MUNIVEST FD INCCOM0.25%$6M802.3K
84SPESPECIAL OPPORTUNITIES FD INCCOM0.25%$6M491.2K
85GORES HOLDINGS IX INCUNIT 01/14/20290.25%$6M554.1K
86TORTOISE MIDSTRM ENERGY FD ICOM0.25%$5M158.8K
87FAR PEAK ACQUISITION CORPSHS CL A0.25%$5M545.3K
88PUCKGOAL ACQUISITIONS CORPCOM0.24%$5M539.1K
89NUVEEN SR INCOME FDCOM0.23%$5M1.12M
90GRAF ACQUISITION CORP IVCOM · *W EXP 05/31/2020.23%$5M1.16M
91FG MERGER CORPUNIT 06/17/20270.23%$5M500.0K
92BTZBLACKROCK CR ALLOCATION INCOCOM0.23%$5M497.8K
93KAYNE ANDERSON NEXTGEN ENRGYCOM0.22%$5M641.9K
94XENWXEATON VANCE NEW YORK MUN BDCOM0.22%$5M532.0K
95CPZCALAMOS LNG SHR EQT DYNAMICCOM0.21%$5M311.9K
96FUSION ACQUISITION CORP IICOM CL A · UNIT 02/29/20280.21%$5M464.1K
97SPREE ACQUISITION CORP 1 LTDCL A ORD SHS0.21%$5M450.0K
98SIZZLE ACQUISITION CORPCOMMON STOCK · *W EXP 11/02/2020.21%$5M667.5K
99INVESCO ADVANTAGE MUN INCOMESH BEN INT0.20%$5M524.2K
100JACK CREEK INVESTMENT CORPCL A SHS · *W EXP 10/01/2020.20%$4M652.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.0B542May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.1B477Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.8B479Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.8B357Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.9B360May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.1B409Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.0B395Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.1B444Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.1B464May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.1B490Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.9B544Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.0B585Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.1B638May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.2B717Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.2B873Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.5B819Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.7B825May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.5B718Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.9B570Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.8B484Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.7B458May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.7B355Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.6B334Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.8B264Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.5B273May 18, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.7B263Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019REVEALED$2.2B258Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.3B243Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.5B234May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.7B293Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.