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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
LACQ
301
DELISTED
Leisure Acquisition Corp.
LACQ
– –
-207,923
Closed -$2.27M
ALTG.WS
302
DELISTED
Alta Equipment Group Warrants
ALTG.WS
– –
-74,998
Closed -$2.15M
LOACU
303
DELISTED
Longevity Acquisition Corporation Units
LOACU
– –
-100,000
Closed -$1.07M
NHA
304
DELISTED
Nuveen Municipal 2021 Target Term Fund
NHA
– –
-40,999
Closed -$387K
AMCIU
305
DELISTED
AMCI Acquisition Corp Unit
AMCIU
– –
-200,000
Closed -$2.06M
MFAC.U
306
DELISTED
Megalith Financial Acquisition Corp. Units, each consisting of one share of Class A Common Stock, an
MFAC.U
– –
-150,000
Closed -$1.59M
SAMAU
307
DELISTED
Schultze Special Purpose Acquisition Corp. Unit
SAMAU
– –
-300,000
Closed -$3.09M
BFO
308
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
– –
-23,538
Closed -$340K
TZACU
309
DELISTED
Tenzing Acquisition Corp. Units
TZACU
– –
-125,000
Closed -$1.28M
CFFAU
310
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
$0 ﹤0.01%
10
-149,990
-100% -$1.68M
JHY
311
DELISTED
Nuveen High Income 2020 Target Term Fund Common Shares of Beneficial Interest
JHY
– –
-44,284
Closed -$391K
GRAF.U
312
DELISTED
Graf Industrial Corp. Units, each consisting of One share of Common Stock and One redeemable Warrant
GRAF.U
– –
-284,380
Closed -$2.97M
PACQW
313
DELISTED
Pure Acquisition Corp. Warrant
PACQW
– –
-75,112
Closed -$74K
ACTTW
314
DELISTED
Act II Global Acquisition Corp Warrant
ACTTW
– –
-49,998
Closed -$35K
PAACU
315
DELISTED
Proficient Alpha Acquisition Corp. Unit
PAACU
– –
-325,000
Closed -$3.39M
IMVTW
316
DELISTED
Immunovant, Inc. Warrants expiring 12/18/2024
IMVTW
– –
-100,000
Closed -$240K
VTIQW
317
DELISTED
VectoIQ Acquisition Corp. Warrant
VTIQW
– –
-149,999
Closed -$292K
MUDSW
318
DELISTED
Mudrick Capital Acquisition Corporation Warrant
MUDSW
– –
-200,000
Closed -$70K
HHHHW
319
DELISTED
Wealthbridge Acquisition Limited Warrants
HHHHW
– –
-225,000
Closed -$29K
HHHHR
320
DELISTED
Wealthbridge Acquisition Limited Rights
HHHHR
– –
-225,000
Closed -$104K
ALGRW
321
DELISTED
Allegro Merger Corp Warrant
ALGRW
– –
-100,000
Closed -$5K
ALGR
322
DELISTED
Allegro Merger Corp
ALGR
– –
-75,351
Closed -$850K
ALGRR
323
DELISTED
Allegro Merger Corp Right
ALGRR
– –
-100,000
Closed -$9K
WRLSR
324
DELISTED
Pensare Acquisition Corp. Right to purchase 1/10 of common stock
WRLSR
– –
-349,994
Closed -$49K
WRLSW
325
DELISTED
Pensare Acquisition Corp. Warrant
WRLSW
– –
-174,897
Closed -$9K
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.