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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
FPF
276
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
– –
-58,023
Closed -$1.37M
GDL
277
GDL Fund
GDL
$92M
– –
-81,782
Closed -$761K
GDV icon
278
Gabelli Dividend & Income Trust
GDV
$2.68B
– –
-84,837
Closed -$1.86M
GDYN icon
279
Grid Dynamics Holdings
GDYN
$625M
– –
-99,997
Closed -$1.08M
GLO
280
Clough Global Opportunities Fund
GLO
$257M
– –
-1,217,947
Closed -$11.5M
HYMC icon
281
Hycroft Mining Holding Corp
HYMC
$2.56B
– –
-20,000
Closed -$2.07M
IGIC icon
282
International General Insurance
IGIC
$1.14B
– –
-125,000
Closed -$1.31M
LGI
283
Lazard Global Total Return & Income Fund
LGI
$242M
– –
-56,916
Closed -$942K
MAV
284
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
– –
-577,458
Closed -$6.24M
MHI
285
DELISTED
Pioneer Municipal High Income Fund
MHI
– –
-62,125
Closed -$750K
MSD
286
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
– –
-234,044
Closed -$2.27M
MXE
287
Mexico Equity and Income Fund
MXE
$60.2M
– –
-250,521
Closed -$2.91M
NCV
288
Virtus Convertible & Income Fund
NCV
$392M
– –
-91,629
Closed -$2.11M
NCZ
289
Virtus Convertible & Income Fund II
NCZ
$307M
– –
-54,758
Closed -$1.12M
NML
290
Neuberger Energy Infrastructure and Income Fund Inc
NML
$605M
– –
-110,170
Closed -$745K
PMM
291
Franklin Managed Municipal Income Trust
PMM
$272M
– –
-337,932
Closed -$2.7M
PRF icon
292
Invesco FTSE RAFI US 1000 ETF
PRF
$10B
– –
-211,000
Closed -$5.35M
BCIC
293
BCP Investment Corp
BCIC
$97.2M
– –
-14,813
Closed -$314K
RA
294
Brookfield Real Assets Income Fund
RA
$706M
– –
-75,103
Closed -$1.6M
SPY icon
295
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-16,000
Closed -$5.15M
TEAF
296
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
– –
-19,399
Closed -$318K
TYG
297
Tortoise Energy Infrastructure Corp
TYG
$1.09B
– –
-63,121
Closed -$4.53M
UTF icon
298
Cohen & Steers Infrastructure Fund
UTF
$3.02B
– –
-374,909
Closed -$9.82M
VEA icon
299
Vanguard FTSE Developed Markets ETF
VEA
$238B
– –
-33,904
Closed -$1.49M
XFLT
300
XAI Floating Rate & Alternative Income Trust
XFLT
$294M
– –
-39,956
Closed -$1.62M
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.