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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
JPI
251
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
– –
-145,482
Closed -$2.96M
LDP icon
252
Cohen & Steers Duration Preferred & Income Fund
LDP
$603M
– –
-49,895
Closed -$1.08M
MAV
253
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
– –
-305,668
Closed -$3.1M
MCR
254
DELISTED
MFS Charter Income Trust
MCR
– –
-615,676
Closed -$4.52M
MFM
255
Aberdeen Municipal Income Fund
MFM
$222M
– –
-85,866
Closed -$529K
MMT
256
Aberdeen Multi-Market Income Fund
MMT
$243M
– –
-28,974
Closed -$150K
MQY icon
257
BlackRock MuniYield Quality Fund
MQY
$815M
– –
-760,786
Closed -$9.24M
NBB icon
258
Nuveen Taxable Municipal Income Fund
NBB
$453M
– –
-333,427
Closed -$6.42M
NBH
259
Neuberger Municipal Fund Inc
NBH
$302M
– –
-16,608
Closed -$208K
NMZ icon
260
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.2B
– –
-896,361
Closed -$10.3M
NUV icon
261
Nuveen Municipal Value Fund
NUV
$1.91B
– –
-313,634
Closed -$2.9M
OCCI
262
OFS Credit Co
OCCI
$72.3M
– –
-78,871
Closed -$1.09M
PCF
263
High Income Securities Fund
PCF
$101M
– –
-646,600
Closed -$5.77M
PCK
264
DELISTED
Pimco California Municipal Income Fund II
PCK
– –
-346,696
Closed -$2.72M
PCM
265
PCM Fund
PCM
$70M
– –
-26,264
Closed -$268K
PCN
266
PIMCO Corporate & Income Strategy Fund
PCN
$889M
– –
-214,540
Closed -$3.27M
PDI icon
267
PIMCO Dynamic Income Fund
PDI
$7.45B
– –
-54,902
Closed -$1.6M
PFN
268
PIMCO Income Strategy Fund II
PFN
$707M
– –
-181,707
Closed -$1.75M
PMF
269
DELISTED
PIMCO Municipal Income Fund
PMF
– –
-78,350
Closed -$983K
PTY icon
270
PIMCO Corporate & Income Opportunity Fund
PTY
$2.52B
– –
-213,460
Closed -$3.33M
RA
271
Brookfield Real Assets Income Fund
RA
$708M
– –
-678,557
Closed -$12.9M
SBI
272
Western Asset Intermediate Muni Fund
SBI
$108M
– –
-208,755
Closed -$1.74M
SEVN
273
Seven Hills Realty Trust
SEVN
$170M
– –
-69,006
Closed -$1.05M
VCV icon
274
Invesco California Value Municipal Income Trust
VCV
$525M
– –
-10,173
Closed -$114K
VGI
275
Virtus Global Multi-Sector Income Fund
VGI
$83.5M
– –
-69,453
Closed -$764K
9 10
11
12 13

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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.