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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
-8.99%
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
$1.68B
AUM Growth
+$480M
Cap. Flow
+$604M
Cap. Flow %
36.01%
Top 10 Hldgs %
26.1%
Holding
319
New
106
Increased
77
Reduced
26
Closed
27

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$31.7M
2
FSK icon
FS KKR Capital
FSK
+$31.6M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.7M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$19.7M
5
HFRO
Highland Opportunities and Income Fund
HFRO
+$19.2M

Top Sells

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$25.2M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.3M
3
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$10.1M
4
WIA
Western Asset Inflation-Linked Income Fund
WIA
+$8.39M
5
KMM
Deutsche Multi-Market Incm Trust
KMM
+$5.79M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Consumer Discretionary 0.85%
3 Healthcare 0.47%
4 Technology 0.46%
5 Communication Services 0.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTIQW
251
DELISTED
VectoIQ Acquisition Corp. Warrant
VTIQW
$75K ﹤0.01%
149,999
– –
BFIIW
252
DELISTED
BurgerFi International, Inc. Warrant
BFIIW
$74K ﹤0.01%
250,000
– –
USWSW
253
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
$74K ﹤0.01%
+150,000
New +$94.4K
BRPAR
254
DELISTED
Big Rock Partners Acquisition Corp. Right
BRPAR
$72K ﹤0.01%
239,998
– –
LGC.WS
255
DELISTED
Legacy Acquisition Corp. Warrants, exercisable for one-half of one share of Class A Common Stock for
LGC.WS
$68K ﹤0.01%
200,000
– –
KBLMR
256
DELISTED
KBL Merger Corp. IV Rights expiring 11/9/2020
KBLMR
$64K ﹤0.01%
230,000
– –
TWLVW
257
DELISTED
Twelve Seas Investment Company Warrant
TWLVW
$61K ﹤0.01%
225,000
– –
STRDW
258
DELISTED
Sitio Royalties Corp. Warrant
STRDW
$56K ﹤0.01%
87,500
– –
HCCHR
259
DELISTED
HL Acquisitions Corp. Right
HCCHR
$56K ﹤0.01%
125,000
– –
TBRGW
260
DELISTED
Thunder Bridge Acquisition, Ltd. Warrant
TBRGW
$56K ﹤0.01%
150,000
– –
LTN.WS
261
DELISTED
Union Acquisition Corp.
LTN.WS
$52K ﹤0.01%
200,000
– –
MMDMR
262
DELISTED
Modern Media Acquisition Corp. Right
MMDMR
$48K ﹤0.01%
230,000
– –
PHUNW
263
DELISTED
Phunware, Inc. Warrants
PHUNW
$44K ﹤0.01%
+200,000
New +$47.5K
AVCT
264
DELISTED
American Virtual Cloud Technologies, Inc. Common Stock
AVCT
$44K ﹤0.01%
11,666
-14,334
-55% -$2.16M
TIBRW
265
DELISTED
Tiberius Acquisition Corporation Warrant
TIBRW
$44K ﹤0.01%
125,000
– –
LSEAW
266
DELISTED
Landsea Homes Corporation Warrant
LSEAW
$43K ﹤0.01%
100,000
– –
CMSSW
267
DELISTED
CM Seven Star Acquisition Corporation Warrant
CMSSW
$43K ﹤0.01%
150,000
– –
LTRYW icon
268
Sports Entertainment Gaming Global Corp Warrants
LTRYW
$503
$42K ﹤0.01%
150,000
– –
GPAQW
269
DELISTED
Gordon Pointe Acquisition Corp. Warrant
GPAQW
$42K ﹤0.01%
175,000
– –
HCCHW
270
DELISTED
HL Acquisitions Corp. Warrant
HCCHW
$38K ﹤0.01%
125,000
– –
BCACR
271
DELISTED
Bison Capital Acquistion Corp Rights
BCACR
$38K ﹤0.01%
125,000
– –
BBCPW
272
DELISTED
Concrete Pumping Holdings, Inc. Warrant
BBCPW
$37K ﹤0.01%
+50,000
New +$35.5K
NRXPW
273
DELISTED
NRX Pharmaceuticals Warrant
NRXPW
$36K ﹤0.01%
119,999
– –
TOTAR
274
DELISTED
Tottenham Acquisition I Limited Right expiring 3/6/2021
TOTAR
$35K ﹤0.01%
118,000
– –
TMCXW
275
DELISTED
Trinity Merger Corp. Warrant
TMCXW
$35K ﹤0.01%
96,000
– –
9 10
11
12 13

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Rivernorth Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Rivernorth Capital Management held 319 positions worth $1.68B, up 40% from $1.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Rivernorth Capital Management deployed $604M of net new capital in Q4 2018, opening 106 new positions and adding to 77 existing holdings. Its largest new stake was FS KKR Capital: 1,270,668 shares worth $27.1M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $14.3M trimmed.

  • Rivernorth Capital Management's largest Q4 2018 buy was FS KKR Capital: 1,270,668 shares worth $27.1M.
  • Rivernorth Capital Management added most to Nuveen Quality Municipal Income Fund in Q4 2018, an estimated $31.7M increase.
  • Rivernorth Capital Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $14.3M.
  • Rivernorth Capital Management fully exited abrdn Total Dynamic Dividend Fund in Q4 2018, selling an estimated $25.2M.
  • Rivernorth Capital Management's ten largest holdings make up 26% of its $1.68B portfolio in Q4 2018.
  • Rivernorth Capital Management opened 106 new positions and closed 27 in Q4 2018.
  • Rivernorth Capital Management's portfolio value rose 40% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.