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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
IGICW
351
DELISTED
International General Insurance Holdings Ltd. Warrants expiring 03/17/2025
IGICW
– –
-125,000
Closed -$43K
DMS
352
DELISTED
Digital Media Solutions, Inc.
DMS
– –
-13,333
Closed -$2.08M
CLVR
353
DELISTED
Clever Leaves Holdings Inc. Common Shares
CLVR
– –
-9,816
Closed -$3.01M
TTCF
354
DELISTED
Tattooed Chef, Inc Class A Common Stock
TTCF
– –
-25,000
Closed -$411K
AGBAU
355
DELISTED
AGBA Acquisition Ltd Unit
AGBAU
– –
-250,000
Closed -$2.52M
ESSCU
356
DELISTED
East Stone Acquisition Corporation Unit
ESSCU
– –
-165,000
Closed -$1.68M
MCA
357
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
– –
-31,782
Closed -$441K
PCI
358
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
– –
-169,299
Closed -$3.12M
LATNU
359
DELISTED
Union Acquisition Corp. II Units containing one ordinary share and one redeemable warrant
LATNU
– –
-150,000
Closed -$1.53M
GLEO.U
360
DELISTED
Galileo Acquisition Corp. Units, each consisting of one Ordinary Share and one Redeemable Warrant
GLEO.U
– –
-235,000
Closed -$2.43M
AMHCU
361
DELISTED
Amplitude Healthcare Acquisition Corporation Unit
AMHCU
– –
-193,423
Closed -$1.97M
SFTW.U
362
DELISTED
Osprey Technology Acquisition Corp. Units, each consisting of one share of Class A Common Stock and
SFTW.U
– –
-197,128
Closed -$2.04M
SOAC.U
363
DELISTED
Sustainable Opportunities Acquisition Corp. Units, each consisting of one Class A ordinary share and
SOAC.U
– –
-200,000
Closed -$2.02M
CHAQ.U
364
DELISTED
Chardan Healthcare Acquisition 2 Corp. Units, each consisting of one share of Common Stock, and one
CHAQ.U
– –
-222,500
Closed -$2.34M
GDYNW
365
DELISTED
Grid Dynamics Holdings, Inc. Warrant
GDYNW
– –
-48,123
Closed -$77K
GRNVU
366
DELISTED
GreenVision Acquisition Corp Unit
GRNVU
– –
-265,942
Closed -$2.75M
SRACU
367
DELISTED
Stable Road Acquisition Corp. Unit
SRACU
– –
-65,707
Closed -$673K
SCPE.U
368
DELISTED
SC Health Corporation Units, each consisting of one Class A ordinary share, $0.0001 par value, and o
SCPE.U
– –
-25,000
Closed -$260K
ALUS.U
369
DELISTED
Alussa Energy Acquisition Corp
ALUS.U
– –
-290,677
Closed -$2.93M
APXTU
370
DELISTED
Apex Technology Acquisition Corporation Unit
APXTU
– –
-50,000
Closed -$574K
GNRSU
371
DELISTED
Greenrose Acquisition Corp. Unit
GNRSU
– –
-289,496
Closed -$2.9M
SSPKU
372
DELISTED
Silver Spike Acquisition Corp. Units
SSPKU
– –
-200,000
Closed -$2.06M
CCX.U
373
DELISTED
Churchill Capital Corp II
CCX.U
– –
-297,950
Closed -$3.63M
THBRU
374
DELISTED
Thunder Bridge Acquisition II, Ltd. Units
THBRU
– –
-75,000
Closed -$788K
EXPCU
375
DELISTED
Experience Investment Corp. Unit
EXPCU
– –
-100,000
Closed -$1.02M
13 14
15
16 17

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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.