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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
CFP
251
DELISTED
CORNERSTONE PROGRESSIVE RETURN FD COM
CFP
– –
-205,617
Closed -$4.22M
ARK
252
DELISTED
BLACKROCK SR HIGH INCM FD INC
ARK
– –
-243,706
Closed -$960K
BHD
253
DELISTED
BLACKROCK STRATEGIC BOND TRUST
BHD
– –
-20,233
Closed -$262K
BHY
254
DELISTED
BLACKROCK HIGH YIELD TST SBI
BHY
– –
-109,655
Closed -$759K
HIS
255
DELISTED
BLACKROCK HIGH INCM SHS SHS BEN INT
HIS
– –
-25,000
Closed -$52K
HYV
256
DELISTED
BALCKROCK CORP HG YLD FD V INC
HYV
– –
-40,433
Closed -$490K
HAV
257
DELISTED
HELIOS ADVANTAGE INCOME FD, INC
HAV
– –
-40,911
Closed -$349K
MNP
258
DELISTED
Western Asset Municipal Partners Fund, Inc.
MNP
– –
-52,800
Closed -$730K
MUS
259
DELISTED
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC.
MUS
– –
-93,295
Closed -$1.16M
MYF
260
DELISTED
Blackrock Muni Yield Investment Fund, Inc.
MYF
– –
-26,647
Closed -$368K
ACAS
261
DELISTED
American Capital Ltd
ACAS
– –
-51,000
Closed -$701K
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.