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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
+8.69%
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
$1.52B
AUM Growth
-$160M
Cap. Flow
-$284M
Cap. Flow %
-18.72%
Top 10 Hldgs %
30.38%
Holding
315
New
23
Increased
46
Reduced
77
Closed
81

Top Buys

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$10.6M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$10.6M
3
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$8.55M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.34M
5
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$7.1M

Top Sells

Rank Stock Value
1
FSK icon
FS KKR Capital
FSK
+$17.4M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$15.2M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$14.8M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.1M
5
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 3.18%
2 Consumer Discretionary 0.9%
3 Technology 0.67%
4 Healthcare 0.37%
5 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TOTAW
226
DELISTED
Tottenham Acquisition I Limited Warrant
TOTAW
$19K ﹤0.01%
118,000
– –
GLACR
227
DELISTED
Greenland Acquisition Corporation Right
GLACR
$19K ﹤0.01%
75,000
– –
GTYHW
228
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$16K ﹤0.01%
26,667
– –
CNACR
229
DELISTED
Constellation Alpha Capital Corp. Right
CNACR
$15K ﹤0.01%
120,000
– –
CNACW
230
DELISTED
Constellation Alpha Capital Corp. Warrant
CNACW
$14K ﹤0.01%
120,000
– –
BCACW
231
DELISTED
Bison Capital Acquistion Corp Warrant
BCACW
$13K ﹤0.01%
62,500
– –
GLACW
232
DELISTED
Greenland Acquisition Corporation Warrant
GLACW
$8K ﹤0.01%
75,000
– –
FRMM
233
Forum Markets
FRMM
$83.2M
– –
-58
Closed -$2.25M
BCSF icon
234
Bain Capital Specialty
BCSF
$840M
– –
-261,555
Closed -$4.44M
BGB
235
Blackstone Strategic Credit 2027 Term Fund
BGB
$505M
– –
-211,176
Closed -$2.9M
BGH
236
Barings Global Short Duration High Yield Fund
BGH
$287M
– –
-144,624
Closed -$2.29M
BGX
237
Blackstone Long-Short Credit Income Fund
BGX
$138M
– –
-27,639
Closed -$381K
BNY
238
DELISTED
BlackRock New York Municipal Income Trust
BNY
– –
-43,801
Closed -$532K
BSL
239
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$171M
– –
-150,131
Closed -$2.34M
CHI
240
Calamos Convertible Opportunities and Income Fund
CHI
$1.06B
– –
-481,936
Closed -$4.22M
CHN
241
DELISTED
China Fund
CHN
– –
-46,055
Closed -$777K
CMU
242
DELISTED
MFS High Yield Municipal Trust
CMU
– –
-32,830
Closed -$135K
DSM
243
BNY Mellon Strategic Municipal Bond Fund
DSM
$291M
– –
-222,363
Closed -$1.54M
EDD
244
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
– –
-262,638
Closed -$1.59M
ERC
245
Allspring Multi-Sector Income Fund
ERC
$261M
– –
-41,499
Closed -$456K
EVN
246
Eaton Vance Municipal Income Trust
EVN
$429M
– –
-49,841
Closed -$555K
FAX
247
abrdn Asia-Pacific Income Fund
FAX
$604M
– –
-185,391
Closed -$4.35M
FPF
248
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
– –
-659,495
Closed -$13.1M
GDL
249
GDL Fund
GDL
$91.9M
– –
-10,303
Closed -$93K
IIM icon
250
Invesco Value Municipal Income Trust
IIM
$595M
– –
-836,168
Closed -$11.2M
8 9
10
11 12

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Rivernorth Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Rivernorth Capital Management held 315 positions worth $1.52B, down 9.6% from $1.68B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $284M in Q1 2019, closing 81 positions and reducing 77 holdings. Its most notable exit was Nuveen Preferred & Income Securities Fund, an estimated $15.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.2% of assets, down from 4.3% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniYield Quality Fund III worth $8.83M.

  • Rivernorth Capital Management's largest Q1 2019 buy was BlackRock MuniYield Quality Fund III: 683,169 shares worth $8.83M.
  • Rivernorth Capital Management added most to Western Asset Global High Income Fund in Q1 2019, an estimated $10.6M increase.
  • Rivernorth Capital Management's biggest Q1 2019 reduction was FS KKR Capital, cutting an estimated $17.4M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q1 2019, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.52B portfolio in Q1 2019.
  • Rivernorth Capital Management opened 23 new positions and closed 81 in Q1 2019.
  • Rivernorth Capital Management's portfolio value fell 9.6% quarter-over-quarter to $1.52B.

Based on Rivernorth Capital Management's 13F filing for Q1 2019, filed 15 May 2019.