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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
VGM icon
276
Invesco Trust Investment Grade Municipals
VGM
$564M
– –
-287,167
Closed -$3.27M
VKI icon
277
Invesco Advantage Municipal Income Trust II
VKI
$399M
– –
-150,267
Closed -$1.49M
FAM
278
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
– –
-108,860
Closed -$1.02M
DMTK
279
DELISTED
DermTech, Inc. Common Stock
DMTK
– –
-56,235
Closed -$1.15M
JPS
280
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
– –
-1,840,177
Closed -$15.2M
USWSW
281
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
– –
-150,000
Closed -$74K
EFL
282
DELISTED
Eaton Vance Floating-Rate 2022 Target Term Trust Common Shares of Beneficial Interest
EFL
– –
-77,895
Closed -$685K
NEV
283
DELISTED
NUVEEN ENHANCED MUNICIPAL VALUE FUND
NEV
– –
-77,512
Closed -$1M
JCO
284
DELISTED
Nuveen Credit Opportunities 2022 Target Term Fund
JCO
– –
-23,000
Closed -$196K
BGIO
285
DELISTED
BlackRock 2022 Global Income Opportunity Trust
BGIO
– –
-785,137
Closed -$6.57M
PCI
286
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
– –
-285,357
Closed -$6M
JHB
287
DELISTED
Nuveen Corporate Income November 2021 Target Term Fund
JHB
– –
-50,852
Closed -$457K
EHT
288
DELISTED
Eaton Vance 2021 Target Term Trust
EHT
– –
-208,876
Closed -$1.89M
MTT
289
DELISTED
Western Asset Municipal Defined Opportunity Trust Inc.
MTT
– –
-14,769
Closed -$290K
MEN
290
DELISTED
Blackrock Muni Enhanced Fund, Inc.
MEN
– –
-12,200
Closed -$120K
NHA
291
DELISTED
Nuveen Municipal 2021 Target Term Fund
NHA
– –
-19,256
Closed -$179K
BQH
292
DELISTED
BlackRock New York Municipal Bond Trust
BQH
– –
-16,420
Closed -$208K
RBZ
293
DELISTED
Reebonz Holding Limited Ordinary Shares
RBZ
– –
-1,500
Closed -$23K
MMDM
294
DELISTED
Modern Media Acquisition Corp. Common Stock
MMDM
– –
-228,000
Closed -$2.32M
DCF
295
DELISTED
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
DCF
– –
-307,309
Closed -$2.45M
BCAC
296
DELISTED
Bison Capital Acquistion Corp Ordinary Shares
BCAC
– –
-125,000
Closed -$1.3M
CCC.U
297
DELISTED
Churchill Capital Corp
CCC.U
– –
-50,000
Closed -$506K
HYAC
298
DELISTED
Haymaker Acquisition Corp. Class A Common Stock
HYAC
– –
-294,996
Closed -$2.96M
LTN.WS
299
DELISTED
Union Acquisition Corp.
LTN.WS
– –
-200,000
Closed -$52K
LTN.RT
300
DELISTED
Union Acquisition Corp.
LTN.RT
– –
-200,000
Closed -$78K
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.