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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
+2.65%
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
$1.62B
AUM Growth
-$143M
Cap. Flow
-$274M
Cap. Flow %
-16.98%
Top 10 Hldgs %
30.32%
Holding
425
New
161
Increased
45
Reduced
86
Closed
91

Top Buys

Rank Stock Value
1
HIX
Western Asset High Income Fund II
HIX
+$16.6M
2
OCSL icon
Oaktree Specialty Lending
OCSL
+$13.7M
3
BCSF icon
Bain Capital Specialty
BCSF
+$11M
4
FIV
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
+$9.21M
5
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$8.1M

Top Sells

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$31.3M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$26M
3
HFRO
Highland Opportunities and Income Fund
HFRO
+$17.9M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$17.2M
5
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$14.9M

Sector Composition

Rank Sector Weight
1 Financials 8.07%
2 Technology 1.29%
3 Consumer Discretionary 1%
4 Industrials 0.91%
5 Healthcare 0.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SCPE.WS
326
DELISTED
SC Health Corporation Warrants, each whole warrant exercisable for one Class A ordinary share at an
SCPE.WS
$14K ﹤0.01%
+12,499
New +$13.4K
BRLIR
327
DELISTED
Brilliant Acquisition Corporation Rights
BRLIR
$12K ﹤0.01%
+60,000
New +$10.8K
DFNSW
328
T3 Defense Inc Warrants
DFNSW
$602K
$6K ﹤0.01%
+32,451
New +$5.96K
BTT icon
329
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
– –
-266,719
Closed -$6.34M
HERZ
330
Herzfeld Credit Income Fund
HERZ
$33.9M
– –
-19,450
Closed -$558K
EMO
331
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.06B
– –
-137,645
Closed -$1.62M
ENX
332
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
– –
-13,958
Closed -$163K
GB
333
DELISTED
Global Blue Group Holding
GB
– –
-47,727
Closed -$489K
GCMG icon
334
GCM Grosvenor
GCMG
$848M
– –
-259,670
Closed -$2.82M
JFR icon
335
Nuveen Floating Rate Income Fund
JFR
$1.25B
– –
-659,150
Closed -$5.21M
JRS icon
336
Nuveen Real Estate Income Fund
JRS
$242M
– –
-25,705
Closed -$192K
KYN icon
337
Kayne Anderson Energy Infrastructure Fund
KYN
$2.5B
– –
-443,962
Closed -$2.34M
LGHLW
338
DELISTED
Lion Group Holding Ltd. Warrant
LGHLW
– –
-160,333
Closed -$24K
LSEA
339
DELISTED
Landsea Homes
LSEA
– –
-100,000
Closed -$1.07M
MYD
340
DELISTED
BlackRock MuniYield Fund
MYD
– –
-30,522
Closed -$415K
NFJ
341
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.44B
– –
-783,676
Closed -$8.76M
NML
342
Neuberger Energy Infrastructure and Income Fund Inc
NML
$606M
– –
-395,011
Closed -$1.16M
PEO
343
Adams Natural Resources Fund
PEO
$774M
– –
-556,909
Closed -$6.09M
VCV icon
344
Invesco California Value Municipal Income Trust
VCV
$526M
– –
-15,000
Closed -$175K
VWO icon
345
Vanguard FTSE Emerging Markets ETF
VWO
$126B
– –
-40,000
Closed -$1.58M
SNAX
346
DELISTED
Stryve Foods, Inc. Class A Common Stock
SNAX
– –
-19,627
Closed -$3.02M
FREEW
347
DELISTED
Whole Earth Brands, Inc. Warrant
FREEW
– –
-48,739
Closed -$56K
CEM
348
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
– –
-81,647
Closed -$1.3M
HTY
349
DELISTED
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
– –
-58,151
Closed -$305K
BRLIU
350
DELISTED
Brilliant Acquisition Corporation Unit
BRLIU
– –
-60,000
Closed -$602K
12 13
14
15 16

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Rivernorth Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Rivernorth Capital Management held 425 positions worth $1.62B, down 8.2% from $1.76B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $274M in Q3 2020, closing 91 positions and reducing 86 holdings. Its most notable exit was Virtus Dividend, Interest & Premium Strategy Fund, an estimated $8.76M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 5.7% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in First Eagle Senior Loan Fund worth $4.55M.

  • Rivernorth Capital Management's largest Q3 2020 buy was First Eagle Senior Loan Fund: 367,079 shares worth $4.55M.
  • Rivernorth Capital Management added most to Western Asset High Income Fund II in Q3 2020, an estimated $16.6M increase.
  • Rivernorth Capital Management's biggest Q3 2020 reduction was Golub Capital BDC, cutting an estimated $31.3M.
  • Rivernorth Capital Management fully exited Virtus Dividend, Interest & Premium Strategy Fund in Q3 2020, selling an estimated $8.76M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.62B portfolio in Q3 2020.
  • Rivernorth Capital Management opened 161 new positions and closed 91 in Q3 2020.
  • Rivernorth Capital Management's portfolio value fell 8.2% quarter-over-quarter to $1.62B.

Based on Rivernorth Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.