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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
+16.1%
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
$1.76B
AUM Growth
+$266M
Cap. Flow
+$63.5M
Cap. Flow %
3.61%
Top 10 Hldgs %
29.9%
Holding
338
New
64
Increased
73
Reduced
91
Closed
78

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$36.2M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$15.9M
3
GBDC icon
Golub Capital BDC
GBDC
+$15.4M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.3M
5
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
+$10.7M

Top Sells

Rank Stock Value
1
DUC
Duff & Phelps Utility & Corporate Bond Trust
DUC
+$18.2M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$15.2M
3
ARCC icon
Ares Capital
ARCC
+$13.1M
4
MYN icon
BlackRock MuniYield New York Quality Fund
MYN
+$13M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$12.2M

Sector Composition

Rank Sector Weight
1 Financials 5.67%
2 Technology 0.24%
3 Consumer Staples 0.2%
4 Healthcare 0.17%
5 Industrials 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NRXP icon
276
NRX Pharmaceuticals
NRXP
$146M
– –
-6,770
Closed -$2.01M
NUV icon
277
Nuveen Municipal Value Fund
NUV
$1.9B
– –
-310,373
Closed -$3.03M
NUW icon
278
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
– –
-10,500
Closed -$164K
PCM
279
PCM Fund
PCM
$70.3M
– –
-34,461
Closed -$274K
PFL
280
PIMCO Income Strategy Fund
PFL
$388M
– –
-31,655
Closed -$267K
PFN
281
PIMCO Income Strategy Fund II
PFN
$707M
– –
-189,919
Closed -$1.44M
PHK
282
PIMCO High Income Fund
PHK
$875M
– –
-612,765
Closed -$3M
RQI icon
283
Cohen & Steers Quality Income Realty Fund
RQI
$1.66B
– –
-1,351,053
Closed -$12.2M
SJ icon
284
Scienjoy Holding
SJ
$34.8M
– –
-225,000
Closed -$4.65M
SWZ
285
Swiss Helvetia Fund
SWZ
$77.1M
– –
-789,381
Closed -$5.49M
TCPC icon
286
BlackRock TCP Capital
TCPC
$327M
– –
-167,515
Closed -$1.05M
TSLX icon
287
Sixth Street Specialty
TSLX
$1.78B
– –
-79,844
Closed -$1.11M
NKLA
288
DELISTED
Nikola Corporation Common Stock
NKLA
– –
-5,000
Closed -$1.6M
NDP
289
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
– –
-12,656
Closed -$116K
FAM
290
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
– –
-130,671
Closed -$1.15M
FREE
291
DELISTED
Whole Earth Brands, Inc. Class A Common Stock
FREE
– –
-99,996
Closed -$987K
JPT
292
DELISTED
Nuveen Preferred and Income Fund
JPT
– –
-45,446
Closed -$868K
NBW
293
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
– –
-72,214
Closed -$950K
NIQ
294
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
– –
-78,213
Closed -$1.04M
EXD
295
DELISTED
Eaton Vance TaxManaged Buy-Write Strategy Fund
EXD
– –
-135,717
Closed -$1.04M
FCRD
296
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
– –
-25,805
Closed -$68K
NEV
297
DELISTED
NUVEEN ENHANCED MUNICIPAL VALUE FUND
NEV
– –
-244,245
Closed -$3.19M
MFL
298
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
– –
-60,721
Closed -$794K
ANDAU
299
DELISTED
Andina Acquisition Corp. III Unit
ANDAU
– –
-300,000
Closed -$5M
EHT
300
DELISTED
Eaton Vance 2021 Target Term Trust
EHT
– –
-83,907
Closed -$739K
10 11
12
13 14

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Rivernorth Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Rivernorth Capital Management held 338 positions worth $1.76B, up 18% from $1.49B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management deployed $63.5M of net new capital in Q2 2020, opening 64 new positions and adding to 73 existing holdings. Its largest new stake was FIRST TRUST MLP AND ENERGY INCOME FUND: 1,863,762 shares worth $10.5M.

By sector, the portfolio is most concentrated in Financials at 5.7% of assets, up from 5.1% a quarter earlier, followed by Technology and Consumer Staples.

On the sell side, the largest reduction was Duff & Phelps Utility & Corporate Bond Trust, an estimated $18.2M trimmed.

  • Rivernorth Capital Management's largest Q2 2020 buy was FIRST TRUST MLP AND ENERGY INCOME FUND: 1,863,762 shares worth $10.5M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q2 2020, an estimated $36.2M increase.
  • Rivernorth Capital Management's biggest Q2 2020 reduction was Duff & Phelps Utility & Corporate Bond Trust, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited BlackRock Credit Allocation Income Trust in Q2 2020, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.76B portfolio in Q2 2020.
  • Rivernorth Capital Management opened 64 new positions and closed 78 in Q2 2020.
  • Rivernorth Capital Management's portfolio value rose 18% quarter-over-quarter to $1.76B.

Based on Rivernorth Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.