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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
-16.65%
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
$1.49B
AUM Growth
-$173M
Cap. Flow
+$140M
Cap. Flow %
9.39%
Top 10 Hldgs %
27.23%
Holding
322
New
59
Increased
70
Reduced
57
Closed
50

Top Buys

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$21.2M
2
ARCC icon
Ares Capital
ARCC
+$20.4M
3
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$19.5M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$18.5M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$17.1M

Top Sells

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$26M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$20.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$16.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$15M
5
GLO
Clough Global Opportunities Fund
GLO
+$11.5M

Sector Composition

Rank Sector Weight
1 Financials 5.06%
2 Technology 0.39%
3 Communication Services 0.38%
4 Healthcare 0.29%
5 Industrials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KBLMR
251
DELISTED
KBL Merger Corp. IV Rights expiring 11/9/2020
KBLMR
$31K ﹤0.01%
208,800
– –
HHHHW
252
DELISTED
Wealthbridge Acquisition Limited Warrants
HHHHW
$29K ﹤0.01%
225,000
– –
LSEAW
253
DELISTED
Landsea Homes Corporation Warrant
LSEAW
$26K ﹤0.01%
100,000
– –
LACQW
254
DELISTED
Leisure Acquisition Corp. Warrant
LACQW
$26K ﹤0.01%
153,297
– –
ASLEW
255
DELISTED
AerSale Corp Warrants
ASLEW
$23K ﹤0.01%
75,000
– –
LTRYW icon
256
Sports Entertainment Gaming Global Corp Warrants
LTRYW
$745
$14K ﹤0.01%
150,000
– –
BFIIW
257
DELISTED
BurgerFi International, Inc. Warrant
BFIIW
$13K ﹤0.01%
250,000
– –
TOTAR
258
DELISTED
Tottenham Acquisition I Limited Right expiring 3/6/2021
TOTAR
$13K ﹤0.01%
118,000
– –
HCCHR
259
DELISTED
HL Acquisitions Corp. Right
HCCHR
$10K ﹤0.01%
125,000
– –
KBLMW
260
DELISTED
KBL Merger Corp. IV Warrant
KBLMW
$9K ﹤0.01%
124,200
– –
FPAC.WS
261
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$9K ﹤0.01%
16,665
– –
ALGRR
262
DELISTED
Allegro Merger Corp Right
ALGRR
$9K ﹤0.01%
100,000
– –
WRLSW
263
DELISTED
Pensare Acquisition Corp. Warrant
WRLSW
$9K ﹤0.01%
174,897
– –
NRXPW
264
DELISTED
NRX Pharmaceuticals Warrant
NRXPW
$8K ﹤0.01%
119,999
– –
HCCHW
265
DELISTED
HL Acquisitions Corp. Warrant
HCCHW
$6K ﹤0.01%
125,000
– –
TOTAW
266
DELISTED
Tottenham Acquisition I Limited Warrant
TOTAW
$5K ﹤0.01%
118,000
– –
ALGRW
267
DELISTED
Allegro Merger Corp Warrant
ALGRW
$5K ﹤0.01%
100,000
– –
ACP
268
abrdn Income Credit Strategies Fund
ACP
$644M
– –
-287,663
Closed -$3.29M
ALTG icon
269
Alta Equipment Group
ALTG
$251M
– –
-149,999
Closed -$1.5M
BGH
270
Barings Global Short Duration High Yield Fund
BGH
$286M
– –
-27,215
Closed -$477K
BROG
271
DELISTED
Brooge Energy
BROG
– –
-22,497
Closed -$199K
CEV
272
Eaton Vance California Municipal Income Trust
CEV
$75.2M
– –
-37,054
Closed -$499K
CHR icon
273
Cheer Holding
CHR
$3.51M
– –
-200
Closed -$3.07M
EFR
274
Eaton Vance Senior Floating-Rate Fund
EFR
$317M
– –
-641,239
Closed -$8.69M
EMO
275
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.06B
– –
-32,576
Closed -$1.37M
9 10
11
12 13

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Rivernorth Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Rivernorth Capital Management held 322 positions worth $1.49B, down 10% from $1.67B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management deployed $140M of net new capital in Q1 2020, opening 59 new positions and adding to 70 existing holdings. Its largest new stake was Ares Capital: 1,211,881 shares worth $13.1M.

By sector, the portfolio is most concentrated in Financials at 5.1% of assets, up from 2.4% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was BlackRock Credit Allocation Income Trust, an estimated $26M trimmed.

  • Rivernorth Capital Management's largest Q1 2020 buy was Ares Capital: 1,211,881 shares worth $13.1M.
  • Rivernorth Capital Management added most to Golub Capital BDC in Q1 2020, an estimated $21.2M increase.
  • Rivernorth Capital Management's biggest Q1 2020 reduction was BlackRock Credit Allocation Income Trust, cutting an estimated $26M.
  • Rivernorth Capital Management fully exited Clough Global Opportunities Fund in Q1 2020, selling an estimated $11.5M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.49B portfolio in Q1 2020.
  • Rivernorth Capital Management opened 59 new positions and closed 50 in Q1 2020.
  • Rivernorth Capital Management's portfolio value fell 10% quarter-over-quarter to $1.49B.

Based on Rivernorth Capital Management's 13F filing for Q1 2020, filed 18 May 2020.