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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
+0.81%
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
$22M
AUM Growth
+$19.7M
Cap. Flow
+$203M
Cap. Flow %
924.46%
Top 10 Hldgs %
88.42%
Holding
291
New
48
Increased
64
Reduced
62
Closed
33

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.9M
4
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$17.8M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$13.7M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
4
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M
5
CRF
Cornerstone Total Return Fund
CRF
+$6.24M

Sector Composition

Rank Sector Weight
1 Financials 0.2%
2 Consumer Discretionary 0.03%
3 Communication Services 0.03%
4 Healthcare 0.03%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BWMCU
276
DELISTED
Boxwood Merger Corp. Unit
BWMCU
– –
-200,000
Closed -$2.06K
ZF
277
DELISTED
Virtus Total Return Fund Inc.
ZF
– –
-103,965
Closed -$1.1K
NRCG.WS
278
DELISTED
NRC Group Holdings Corp.
NRCG.WS
– –
-67,468
Closed -$111
CHAC.U
279
DELISTED
Chardan Healthcare Acquisition Corp.
CHAC.U
– –
-200,000
Closed -$2.04K
MMDMW
280
DELISTED
Modern Media Acquisition Corp. Warrant
MMDMW
– –
-115,000
Closed -$25
MMDMR
281
DELISTED
Modern Media Acquisition Corp. Right
MMDMR
– –
-230,000
Closed -$67
CNACR
282
DELISTED
Constellation Alpha Capital Corp. Right
CNACR
– –
-120,000
Closed -$22
CNACW
283
DELISTED
Constellation Alpha Capital Corp. Warrant
CNACW
– –
-120,000
Closed -$9
BRACR
284
DELISTED
Black Ridge Acquisition Corp. Right
BRACR
– –
-100,000
Closed -$42
BRACW
285
DELISTED
Black Ridge Acquisition Corp. Warrant
BRACW
– –
-300,000
Closed -$123
TBRGW
286
DELISTED
Thunder Bridge Acquisition, Ltd. Warrant
TBRGW
– –
-150,000
Closed -$303
AKP
287
DELISTED
Alliance Californa Muni Fd
AKP
– –
-288,140
Closed -$4.34K
HUNTW
288
DELISTED
Hunter Maritime Acquisition Corp. Warrant
HUNTW
– –
-75,001
Closed -$15
DDMXU
289
DELISTED
DD3 Acquisition Corp. Units
DDMXU
– –
-300,000
Closed -$3.07K
8 9 10 11
12

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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $22M, up 856% from $2.3M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Rivernorth Capital Management deployed $203M of net new capital in Q3 2019, opening 48 new positions and adding to 64 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.

By sector, the portfolio is most concentrated in Financials at 0.2% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Allspring Income Opportunities Fund, an estimated $10.3M trimmed.

  • Rivernorth Capital Management's largest Q3 2019 buy was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2019, an estimated $29.4M increase.
  • Rivernorth Capital Management's biggest Q3 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $10.3M.
  • Rivernorth Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2019, selling an estimated $16.9K.
  • Rivernorth Capital Management's ten largest holdings make up 88% of its $22M portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value rose 856% quarter-over-quarter to $22M.

Based on Rivernorth Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.