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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
-0.37%
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
$1.2B
AUM Growth
-$71.2M
Cap. Flow
-$66.9M
Cap. Flow %
-5.58%
Top 10 Hldgs %
30.99%
Holding
261
New
52
Increased
65
Reduced
44
Closed
48

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$17.5M
3
CRF
Cornerstone Total Return Fund
CRF
+$8.55M
4
PCF
High Income Securities Fund
PCF
+$6.75M
5
AVK
Advent Convertible and Income Fund
AVK
+$5.73M

Top Sells

Rank Stock Value
1
MZF
Managed Duration Inv Grd Muni Fd
MZF
+$14.8M
2
RA
Brookfield Real Assets Income Fund
RA
+$13.6M
3
USA icon
Liberty All-Star Equity Fund
USA
+$13M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$8.26M

Sector Composition

Rank Sector Weight
1 Financials 2.31%
2 Consumer Discretionary 1.27%
3 Technology 1.03%
4 Healthcare 0.65%
5 Communication Services 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXC
226
DELISTED
Nuveen CA Select Tax-Free Income Portfolio
NXC
– –
-11,900
Closed -$166K
NXG
227
NXG NextGen Infrastructure Income Fund
NXG
$344M
– –
-35,207
Closed -$2.55M
PHUN icon
228
Phunware
PHUN
$41.7M
– –
-4,000
Closed -$2.08M
RA
229
Brookfield Real Assets Income Fund
RA
$708M
– –
-597,078
Closed -$13.6M
RMT
230
Royce Micro-Cap Trust
RMT
$759M
– –
-105,156
Closed -$1.05M
SCD
231
LMP Capital and Income Fund
SCD
$358M
– –
-64,910
Closed -$834K
STR
232
DELISTED
Sitio Royalties
STR
– –
-25,000
Closed -$1.01M
TY icon
233
TRI-Continental Corp
TY
$1.91B
– –
-225,002
Closed -$5.96M
UTG icon
234
Reaves Utility Income Fund
UTG
$3.59B
– –
-277,404
Closed -$8.02M
VCV icon
235
Invesco California Value Municipal Income Trust
VCV
$525M
– –
-42,300
Closed -$499K
DDF
236
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
– –
-252,093
Closed -$2.9M
FIV
237
DELISTED
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
– –
-472,151
Closed -$4.38M
LACQU
238
DELISTED
Leisure Acquisition Corp. Unit
LACQU
– –
-81,444
Closed -$819K
LFACU
239
DELISTED
LF Capital Acquistion Corp. Unit
LFACU
– –
-100,000
Closed -$1.01M
HCCHU
240
DELISTED
HL Acquisitions Corp. Unit
HCCHU
– –
-125,000
Closed -$1.26M
LGC.U
241
DELISTED
Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val
LGC.U
– –
-49,701
Closed -$498K
FPAC.U
242
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
– –
-34,652
Closed -$353K
PACQU
243
DELISTED
Pure Acquisition Corp. Unit
PACQU
– –
-24,220
Closed -$248K
GPAQU
244
DELISTED
Gordon Pointe Acquisition Corp. Unit
GPAQU
– –
-15,202
Closed -$156K
VTIQU
245
DELISTED
VectoIQ Acquisition Corp. Unit
VTIQU
– –
-13,306
Closed -$134K
BROGU
246
DELISTED
Twelve Seas Investment Company Units
BROGU
– –
-225,000
Closed -$2.26M
TBRGU
247
DELISTED
Thunder Bridge Acquisition, Ltd. Unit
TBRGU
– –
-150,000
Closed -$1.5M
MTECU
248
DELISTED
MTech Acquisition Corp. Unit
MTECU
– –
-15,771
Closed -$164K
OMAD.U
249
DELISTED
One Madison Corporation
OMAD.U
– –
-40,604
Closed -$411K
HYACU
250
DELISTED
Haymaker Acquisition Corp. Unit
HYACU
– –
-75,396
Closed -$762K
7 8 9
10
11

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Rivernorth Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Rivernorth Capital Management held 261 positions worth $1.2B, down 5.6% from $1.27B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $66.9M in Q3 2018, closing 48 positions and reducing 44 holdings. Its most notable exit was Managed Duration Inv Grd Muni Fd, an estimated $14.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.5M.

  • Rivernorth Capital Management's largest Q3 2018 buy was Cornerstone Strategic Value Fund: 1,558,375 shares worth $21.5M.
  • Rivernorth Capital Management added most to High Income Securities Fund in Q3 2018, an estimated $6.75M increase.
  • Rivernorth Capital Management's biggest Q3 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $13M.
  • Rivernorth Capital Management fully exited Managed Duration Inv Grd Muni Fd in Q3 2018, selling an estimated $14.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.2B portfolio in Q3 2018.
  • Rivernorth Capital Management opened 52 new positions and closed 48 in Q3 2018.
  • Rivernorth Capital Management's portfolio value fell 5.6% quarter-over-quarter to $1.2B.

Based on Rivernorth Capital Management's 13F filing for Q3 2018, filed 15 Nov 2018.