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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
GLACR
276
DELISTED
Greenland Acquisition Corporation Right
GLACR
$34K ﹤0.01%
75,000
– –
ALGRW
277
DELISTED
Allegro Merger Corp Warrant
ALGRW
$33K ﹤0.01%
100,000
– –
ALGRR
278
DELISTED
Allegro Merger Corp Right
ALGRR
$30K ﹤0.01%
100,000
– –
BRACR
279
DELISTED
Black Ridge Acquisition Corp. Right
BRACR
$30K ﹤0.01%
100,000
– –
MMDMW
280
DELISTED
Modern Media Acquisition Corp. Warrant
MMDMW
$29K ﹤0.01%
115,000
– –
TOTAW
281
DELISTED
Tottenham Acquisition I Limited Warrant
TOTAW
$24K ﹤0.01%
118,000
– –
RBZ
282
DELISTED
Reebonz Holding Limited Ordinary Shares
RBZ
$23K ﹤0.01%
+1,500
New +$31.2K
CNACR
283
DELISTED
Constellation Alpha Capital Corp. Right
CNACR
$23K ﹤0.01%
120,000
– –
FPAC.WS
284
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$22K ﹤0.01%
16,665
– –
KBLMW
285
DELISTED
KBL Merger Corp. IV Warrant
KBLMW
$21K ﹤0.01%
230,000
– –
GTYHW
286
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$20K ﹤0.01%
26,667
– –
CNACW
287
DELISTED
Constellation Alpha Capital Corp. Warrant
CNACW
$18K ﹤0.01%
120,000
– –
SMSHW
288
DELISTED
Smaaash Entertainment Inc. Warrant
SMSHW
$18K ﹤0.01%
+97,950
New +$20.6K
GLACW
289
DELISTED
Greenland Acquisition Corporation Warrant
GLACW
$15K ﹤0.01%
75,000
– –
BCACW
290
DELISTED
Bison Capital Acquistion Corp Warrant
BCACW
$15K ﹤0.01%
62,500
– –
HUNTW
291
DELISTED
Hunter Maritime Acquisition Corp. Warrant
HUNTW
$13K ﹤0.01%
75,001
– –
RBZAW
292
DELISTED
Reebonz Holding Limited warrant
RBZAW
$8K ﹤0.01%
+60,000
New +$9.67K
AOD
293
abrdn Total Dynamic Dividend Fund
AOD
$1.14B
– –
-2,869,404
Closed -$25.2M
BBCP icon
294
Concrete Pumping Holdings
BBCP
$473M
– –
-150,000
Closed -$1.53M
CEV
295
Eaton Vance California Municipal Income Trust
CEV
$73.2M
– –
-65,845
Closed -$739K
EVG
296
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
– –
-19,510
Closed -$252K
MCN
297
Madison Covered Call & Equity Strategy Fund
MCN
$119M
– –
-553,074
Closed -$4.25M
NIM icon
298
Nuveen Select Maturities Municipal Fund
NIM
$116M
– –
-31,835
Closed -$305K
SWZ
299
Swiss Helvetia Fund
SWZ
$77.2M
– –
-136,816
Closed -$1.16M
TYG
300
Tortoise Energy Infrastructure Corp
TYG
$1.08B
– –
-18,460
Closed -$1.99M
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.