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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
GIK.U
376
DELISTED
GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee
GIK.U
– –
-200,000
Closed -$2.01M
MEN
377
DELISTED
Blackrock Muni Enhanced Fund, Inc.
MEN
– –
-30,782
Closed -$337K
NPAUU
378
DELISTED
New Providence Acquisition Corp. Unit
NPAUU
– –
-135,000
Closed -$1.42M
CGROU
379
DELISTED
Collective Growth Corporation Unit
CGROU
– –
-200,000
Closed -$1.9M
RPLA.U
380
DELISTED
Replay Acquisition Corp.
RPLA.U
– –
-145,910
Closed -$1.55M
CIICU
381
DELISTED
CIIG Merger Corp. Units
CIICU
– –
-197,305
Closed -$2.02M
NBACU
382
DELISTED
Newborn Acquisition Corp. Unit
NBACU
– –
-146,208
Closed -$1.51M
ROCHU
383
DELISTED
Roth CH Acquisition I Co. Unit
ROCHU
– –
-100,000
Closed -$1M
IPV.U
384
DELISTED
InterPrivate Acquisition Corp. Units, each consisting of one share of common stock, $.0001 par value
IPV.U
– –
-350,000
Closed -$3.56M
LGVW.U
385
DELISTED
Longview Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-thir
LGVW.U
– –
-200,000
Closed -$2.02M
MCACU
386
DELISTED
Mountain Crest Acquisition Corp Unit
MCACU
– –
-85,000
Closed -$853K
PCPL.U
387
DELISTED
CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third
PCPL.U
– –
-300,000
Closed -$3.18M
NOVSU
388
DELISTED
Novus Capital Corporation Units
NOVSU
– –
-241,172
Closed -$2.53M
SMMCU
389
DELISTED
South Mountain Merger Corp. Unit
SMMCU
– –
-208,469
Closed -$2.21M
DMYT.U
390
DELISTED
dMY Technology Group, Inc. Units, each consisting of one share of Class A Common Stock and one-half
DMYT.U
– –
-250,000
Closed -$2.65M
LOAK.U
391
DELISTED
Live Oak Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half
LOAK.U
– –
-200,000
Closed -$2M
RMG.U
392
DELISTED
RMG Acquisition Corp.
RMG.U
– –
-75,000
Closed -$786K
LCAHU
393
DELISTED
Landcadia Holdings II, Inc. Unit
LCAHU
– –
-244,829
Closed -$4.23M
LSACU
394
DELISTED
LifeSci Acquisition Corp. Unit 1 COM & 1 WT
LSACU
– –
-100,000
Closed -$1.1M
PTACU
395
DELISTED
PropTech Acquisition Corporation Unit
PTACU
– –
-96,602
Closed -$1.02M
HYACU
396
DELISTED
Haymaker Acquisition Corp. II Unit
HYACU
– –
-96,904
Closed -$1.06M
PIC.U
397
DELISTED
Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U
– –
-192,495
Closed -$1.98M
HCACU
398
DELISTED
Hennessy Capital Acquisition Corp. IV Unit
HCACU
– –
-195,926
Closed -$2.25M
FEAC.U
399
DELISTED
Flying Eagle Acquisition Corp. Units, each consisting of one share of Class A common stock and one-f
FEAC.U
– –
-120,000
Closed -$1.4M
TRNE.U
400
DELISTED
Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of
TRNE.U
– –
-269,282
Closed -$2.97M
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.