RIVERNORTH CAPITAL MANAGEMENT LLC's Q4 2024 13F: 103 new positions, 82 exits

Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 14, 2025 · 409 reported positions · accession 0001398344-25-002911

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Reduced BLACKROCK MUNICIPAL INCOME (MUI) 1.7% 0.2% −1.5 pts −2.49M sh −88%
New ABRDN TOTAL DYNAMIC DIVIDEND (AOD) — 1.3% +1.3 pts +3.13M sh new
Increased INVESCO MUNICIPAL TRUST (VKQ) 0.8% 1.8% +1.0 pts +2.19M sh +134%
Increased INVESCO MUN OPPORTUNITY TR (VMO) 1.2% 2.0% +0.8 pts +1.91M sh +81%
Reduced NUVEEN AMT FREE QLTY MUN INC (NEA) 3.9% 3.0% −1.0 pts −1.33M sh −20%
Increased NUVEEN MUN VALUE FD INC (NUV) 3.2% 3.7% +0.4 pts +1.46M sh +20%
Increased INVESCO TR INVT GRADE MUNS (VGM) 0.8% 1.4% +0.6 pts +1.23M sh +76%
New PIMCO MUN INCOME FD II (PML) — 0.6% +0.6 pts +1.47M sh new
Increased NUVEEN AMT FREE MUN CR INC F (NVG) 3.0% 3.3% +0.3 pts +943K sh +21%
New GRAF GLOBAL CORP (GRAF) — 0.5% +0.5 pts +1.1M sh new
Exited GRAF GLOBAL CORP (GRAFU) 0.5% — −0.5 pts −1.1M sh −100%
Exited BLACKSTONE STRATEGIC CRED 20 (BGB) 0.5% — −0.5 pts −820K sh −100%
Reduced BLACKROCK ESG CAP ALLC TERM (ECAT) 2.9% 2.2% −0.7 pts −596K sh −18%
New NUVEEN MUN CR OPPORTUNITIES (NMCO) — 0.4% +0.4 pts +874K sh new
New PIMCO MUN INCOME FD III (PMX) — 0.4% +0.4 pts +1.12M sh new
Exited HIGH INCOME SECS FD (PCF) 0.4% — −0.4 pts −1.16M sh −100%
Exited EATON VANCE CALIF MUN BD FD (EVM) 0.4% — −0.4 pts −806K sh −100%
New COHEN & STEERS TAX ADVAN PFD (PTA) — 0.3% +0.3 pts +370K sh new
New TORTOISE ENERGY INFRA CORP (TYG) — 0.3% +0.3 pts +168K sh new
Exited WESTERN ASSET HIGH INCOME OP (HIO) 0.3% — −0.3 pts −1.71M sh −100%
Exited OAKTREE SPECIALTY LENDING CO (OCSL) 0.3% — −0.3 pts −405K sh −100%
Exited DWS STRATEGIC MUN INCOME TR (KSM) 0.3% — −0.3 pts −637K sh −100%
Increased NUVEEN MUNICIPAL CREDIT INC (NZF) 1.7% 1.9% +0.2 pts +527K sh +20%
Exited TORTOISE MIDSTRM ENERGY FD I (NTG) 0.3% — −0.3 pts −133K sh −100%
Reduced WESTERN ASSET EMERGING MKTS (EMD) 0.7% 0.3% −0.3 pts −656K sh −49%
New ALDEL FINL II INC (ALDFU) — 0.3% +0.3 pts +600K sh new
Increased CLOUGH GLOBAL OPPORTUNITIES (GLO) 0.3% 0.6% +0.3 pts +1.17M sh +91%
New HORIZON SPACE ACQUISITION II (HSPTU) — 0.3% +0.3 pts +595K sh new
New LAUNCH TWO ACQUISITION CORP. (LPBB) — 0.3% +0.3 pts +600K sh new
Exited FEDERATED HERMES PREM MUNI I (FMN) 0.3% — −0.3 pts −459K sh −100%
Reduced FLAG SHIP ACQUISITION CORP (FSHPU) 0.3% 0.0% −0.3 pts −539K sh −93%
New FLAG SHIP ACQUISITION CORP (FSHP) — 0.3% +0.3 pts +539K sh new
New A SPAC III ACQUISITION CORP (ASPCU) — 0.3% +0.3 pts +540K sh new
New VINE HILL CAP INVT CORP. (VCIC) — 0.3% +0.3 pts +528K sh new
Exited VINE HILL CAP INVT CORP. (VCICU) 0.3% — −0.3 pts −528K sh −100%
Reduced LIONHEART HOLDINGS 0.3% 0.0% −0.3 pts −522K sh −96%
New NUVEEN DYNAMIC MUN OPPORTUNI (NDMO) — 0.3% +0.3 pts +527K sh new
New LIONHEART HOLDINGS (CUBWU) — 0.3% +0.3 pts +522K sh new
Increased BLACKROCK ETF TRUST II (BINC) 0.1% 0.4% +0.2 pts +100K sh +222%
Reduced ANDRETTI ACQUISITION CORP II (POLEU) 0.3% 0.0% −0.2 pts −508K sh −97%
New ANDRETTI ACQUISITION CORP II (POLE) — 0.2% +0.2 pts +508K sh new
Exited BARINGS PARTN INVS (MPV) 0.2% — −0.2 pts −299K sh −100%
Exited M3BRIGADE ACQUISITION V CORP (MBAVU) 0.2% — −0.2 pts −500K sh −100%
New M3BRIGADE ACQUISITION V CORP (MBAV) — 0.2% +0.2 pts +500K sh new
New GSR III ACQUISITION CORP (GSRTU) — 0.2% +0.2 pts +500K sh new
New MOUNTAIN LAKE ACQUISITION CO (MLACU) — 0.2% +0.2 pts +500K sh new
New TRANSLATIONAL DEV ACQUISITIO (TDACU) — 0.2% +0.2 pts +500K sh new
New NEWBURY STR II ACQUISITION C (NTWOU) — 0.2% +0.2 pts +500K sh new
New WILLOW LANE ACQUISITION CORP (WLACU) — 0.2% +0.2 pts +500K sh new
New FACT II ACQUISITION CORP (FACTU) — 0.2% +0.2 pts +500K sh new

The 50 largest of 297 changes, by size of the trade. Full holdings for this quarter.

Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled

* Prior share counts adjusted or corrected for a stock split — changes are measured from the adjusted count:

  • SILEXION THERAPEUTICS CORP (SLXNW): 14,994 shares as filed last quarter, 14,994 after adjustment → 14,999 now (prior share count corrected for a stock split)

Top 10 positions — 28.8% of the equity book

No changes in the top 10 this quarter

# Security Weight before Weight now
1 NUVEEN QUALITY MUNCP INCOME (NAD) 5.1% 4.7%
2 NUVEEN MUN VALUE FD INC (NUV) 3.2% 3.7%
3 NUVEEN AMT FREE MUN CR INC F (NVG) 3.0% 3.3%
4 NUVEEN AMT FREE QLTY MUN INC (NEA) 3.9% 3.0%
5 WESTERN ASSET MANAGED MUNS F (MMU) 3.0% 2.7%
6 PIMCO DYNAMIC INCOME STRATEG (PDX) 2.2% 2.5%
7 BLACKROCK MUNIHOLDINGS FD IN (MHD) 2.5% 2.3%
8 BLACKROCK CAP ALLOCATION TER (BCAT) 2.8% 2.3%
9 BLACKROCK MUNIYIELD FD INC (MYD) 2.3% 2.3%
10 BLACKROCK ESG CAP ALLC TERM (ECAT) 2.9% 2.2%

Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).