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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
+0.99%
1 Year Est. Return
-0.79%
3 Year Est. Return
+4.8%
5 Year Est. Return
-8.69%
10 Year Est. Return
+11.73%
AUM
$1.3B
AUM Growth
+$353M
Cap. Flow
+$331M
Cap. Flow %
25.4%
Top 10 Hldgs %
22.27%
Holding
261
New
73
Increased
81
Reduced
45
Closed
44

Top Buys

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$23.8M
2
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.4M
3
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$17.3M
4
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$14.2M
5
DSU icon
BlackRock Debt Strategies Fund
DSU
+$12.6M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$19.5M
2
OEF icon
iShares S&P 100 ETF
OEF
+$10.4M
3
PRF icon
Invesco FTSE RAFI US 1000 ETF
PRF
+$9.35M
4
ETW
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
+$7.2M
5
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$5.02M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Technology 0.1%
3 Materials 0.04%
4 Communication Services 0.03%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EAD
226
Allspring Income Opportunities Fund
EAD
$379M
– –
-54,302
Closed -$489K
EHI
227
Western Asset Global High Income Fund
EHI
$178M
– –
-81,575
Closed -$1.01M
ETW
228
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.06B
– –
-634,890
Closed -$7.2M
EVN
229
Eaton Vance Municipal Income Trust
EVN
$426M
– –
-17,600
Closed -$194K
GUT
230
Gabelli Utility Trust
GUT
$559M
– –
-251,056
Closed -$1.55M
HEQ
231
John Hancock Hedged Equity & Income Fund
HEQ
$140M
– –
-48,304
Closed -$803K
HPQ icon
232
HP
HPQ
$27.5B
– –
-46,242
Closed -$441K
JHS
233
John Hancock Income Securities Trust
JHS
$127M
– –
-19,899
Closed -$281K
MHI
234
DELISTED
Pioneer Municipal High Income Fund
MHI
– –
-12,121
Closed -$171K
MIN
235
Aberdeen Intermediate Income Fund
MIN
$278M
– –
-20,000
Closed -$106K
MMU
236
Western Asset Managed Municipals Fund
MMU
$554M
– –
-71,707
Closed -$886K
NAC icon
237
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
– –
-11,800
Closed -$151K
PCM
238
PCM Fund
PCM
$70.1M
– –
-35,027
Closed -$401K
PMM
239
Franklin Managed Municipal Income Trust
PMM
$273M
– –
-148,674
Closed -$1.02M
SPE
240
Special Opportunities Fund
SPE
$143M
– –
-111,157
Closed -$1.87M
VOO icon
241
Vanguard S&P 500 ETF
VOO
$1.03T
– –
-126,382
Closed -$19.5M
XLP icon
242
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
– –
-8,100
Closed -$322K
FEN
243
DELISTED
First Trust Energy Income and Growth Fund
FEN
– –
-22,827
Closed -$730K
MUH
244
DELISTED
Blackrock Muniholdings Fund II, Inc.
MUH
– –
-42,477
Closed -$601K
ICB
245
DELISTED
Morgan Stanley Income Sec. Inc
ICB
– –
-33,713
Closed -$561K
BHL
246
DELISTED
Blackrock Defined Opp Crt Tr
BHL
– –
-25,086
Closed -$351K
JTP
247
DELISTED
NUVEEN QUALITY PFD INCOME FD
JTP
– –
-246,569
Closed -$1.86M
NPT
248
DELISTED
NUVEEN PREM INSD MUNI FD-4 INC
NPT
– –
-31,700
Closed -$377K
MTS
249
DELISTED
MONTGOMERY STR INCOME SECS
MTS
– –
-296,684
Closed -$4.66M
RNE
250
DELISTED
MORGAN STLY EASTEURO FD
RNE
– –
-77,812
Closed -$1.45M
7 8 9
10
11

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Rivernorth Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Rivernorth Capital Management held 261 positions worth $1.3B, up 37% from $950M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management deployed $331M of net new capital in Q4 2013, opening 73 new positions and adding to 81 existing holdings. Its largest new stake was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 4% a quarter earlier, followed by Technology and Materials.

On the sell side, the largest reduction was iShares S&P 100 ETF, an estimated $10.4M trimmed.

  • Rivernorth Capital Management's largest Q4 2013 buy was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.
  • Rivernorth Capital Management added most to PIMCO Dynamic Credit and Mortgage Income Fund in Q4 2013, an estimated $23.8M increase.
  • Rivernorth Capital Management's biggest Q4 2013 reduction was iShares S&P 100 ETF, cutting an estimated $10.4M.
  • Rivernorth Capital Management fully exited Vanguard S&P 500 ETF in Q4 2013, selling an estimated $19.5M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $1.3B portfolio in Q4 2013.
  • Rivernorth Capital Management opened 73 new positions and closed 44 in Q4 2013.
  • Rivernorth Capital Management's portfolio value rose 37% quarter-over-quarter to $1.3B.

Based on Rivernorth Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.