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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
-0.32%
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
$950M
AUM Growth
+$52M
Cap. Flow
+$50.3M
Cap. Flow %
5.29%
Top 10 Hldgs %
28.58%
Holding
211
New
46
Increased
83
Reduced
39
Closed
23

Top Buys

Rank Stock Value
1
NPM
NUVEEN PREMIUM INCM MUNI FD II
NPM
+$7.94M
2
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.42M
3
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$7.01M
4
NID
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
+$6.81M
5
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
+$5.28M

Top Sells

Rank Stock Value
1
EXG icon
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
+$8.99M
2
ETW
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
+$7.23M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.6M
4
GHY
PGIM Global High Yield Fund
GHY
+$5.6M
5
DNP icon
DNP Select Income Fund
DNP
+$5.42M

Sector Composition

Rank Sector Weight
1 Financials 4.04%
2 Technology 0.05%
3 Energy 0.04%
4 Materials 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PFN
26
PIMCO Income Strategy Fund II
PFN
$703M
$12.7M 1.34%
1,245,405
-101,586
-8% -$1.03M
GAM
27
General American Investors Company
GAM
$1.61B
$11.2M 1.18%
328,604
+3,000
+0.9% +$100K
PPT
28
Franklin Premier Income Trust
PPT
$328M
$11M 1.16%
2,093,256
+144,192
+7% +$761K
BWG
29
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$10.6M 1.11%
631,506
+13,187
+2% +$224K
XLG icon
30
Invesco S&P 500 Top 50 ETF
XLG
$11B
$10.5M 1.11%
899,630
– –
NPP
31
DELISTED
NUVEEN PERFORMANCE+MUN FUND
NPP
$10.5M 1.1%
774,794
+394,443
+104% +$5.28M
NAD icon
32
Nuveen Quality Municipal Income Fund
NAD
$2.78B
$9.44M 0.99%
724,406
+315,041
+77% +$4.05M
NID
33
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
$9.22M 0.97%
803,027
+584,996
+268% +$6.81M
CEF icon
34
Sprott Physical Gold and Silver Trust
CEF
$8.06B
$8.55M 0.9%
581,847
– –
GLQ
35
Clough Global Equity Fund
GLQ
$158M
$8.04M 0.85%
535,437
– –
EOI
36
Eaton Vance Enhanced Equity Income Fund
EOI
$826M
$7.95M 0.84%
659,336
-234,523
-26% -$2.83M
NIE
37
Virtus Equity & Convertible Income Fund
NIE
$732M
$7.76M 0.82%
417,817
+19,255
+5% +$359K
GDO
38
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.4M
$7.25M 0.76%
407,622
+166,176
+69% +$2.95M
AIF
39
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$7.21M 0.76%
431,822
+129,730
+43% +$2.23M
ETW
40
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.06B
$7.2M 0.76%
634,890
-634,122
-50% -$7.23M
PFL
41
PIMCO Income Strategy Fund
PFL
$388M
$7M 0.74%
605,036
-47,284
-7% -$545K
GDV icon
42
Gabelli Dividend & Income Trust
GDV
$2.66B
$6.59M 0.69%
349,580
+33,424
+11% +$631K
DHG
43
DELISTED
Deutsche High Incm Opportunities
DHG
$6.58M 0.69%
464,860
+50,107
+12% +$704K
GDX icon
44
VanEck Gold Miners ETF
GDX
$27.4B
$6.58M 0.69%
262,817
+32,800
+14% +$872K
NPI
45
DELISTED
NUVEEN PREMIUN INC MUN FUND
NPI
$6.57M 0.69%
513,869
+169,104
+49% +$2.11M
JPS
46
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$6.32M 0.67%
774,512
+79,600
+11% +$658K
CHY
47
Calamos Convertible and High Income Fund
CHY
$1.06B
$6.12M 0.64%
488,052
+35,492
+8% +$439K
BTF
48
DELISTED
BOULDER TOTAL RETURN FD INC
BTF
$6.11M 0.64%
280,071
+3,700
+1% +$81.7K
WIW
49
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$513M
$6.09M 0.64%
525,157
– –
AGC
50
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$6.08M 0.64%
875,525
+35,767
+4% +$249K
1
2
3 4 5

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Rivernorth Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Rivernorth Capital Management held 211 positions worth $950M, up 5.8% from $898M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management deployed $50.3M of net new capital in Q3 2013, opening 46 new positions and adding to 83 existing holdings. Its largest new stake was CORNERSTONE PROGRESSIVE RETURN FD COM: 205,617 shares worth $4.22M.

By sector, the portfolio is most concentrated in Financials at 4% of assets, down from 4.1% a quarter earlier, followed by Technology and Energy.

On the sell side, the largest reduction was Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund, an estimated $7.23M trimmed.

  • Rivernorth Capital Management's largest Q3 2013 buy was CORNERSTONE PROGRESSIVE RETURN FD COM: 205,617 shares worth $4.22M.
  • Rivernorth Capital Management added most to NUVEEN PREMIUM INCM MUNI FD II in Q3 2013, an estimated $7.94M increase.
  • Rivernorth Capital Management's biggest Q3 2013 reduction was Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund, cutting an estimated $7.23M.
  • Rivernorth Capital Management fully exited Eaton Vance Tax-Managed Global Diversified Equity Income Fund in Q3 2013, selling an estimated $8.99M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $950M portfolio in Q3 2013.
  • Rivernorth Capital Management opened 46 new positions and closed 23 in Q3 2013.
  • Rivernorth Capital Management's portfolio value rose 5.8% quarter-over-quarter to $950M.

Based on Rivernorth Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.