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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
+1.84%
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
$1.23B
AUM Growth
-$74.8M
Cap. Flow
-$102M
Cap. Flow %
-8.3%
Top 10 Hldgs %
24.35%
Holding
232
New
15
Increased
72
Reduced
78
Closed
42

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$40.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.81M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$7.43M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$6.98M
5
ELD icon
WisdomTree Emerging Markets Local Debt Fund
ELD
+$5.42M

Top Sells

Rank Stock Value
1
ACG
AllianceBernstein Income Fund Inc
ACG
+$22.9M
2
PTY icon
PIMCO Corporate & Income Opportunity Fund
PTY
+$21.9M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$20.3M
4
ETY icon
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
+$16.4M
5
ETJ
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
+$13M

Sector Composition

Rank Sector Weight
1 Financials 3.79%
2 Materials 0.04%
3 Technology 0.04%
4 Healthcare 0.04%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VKQ icon
26
Invesco Municipal Trust
VKQ
$551M
$13.1M 1.07%
1,081,693
-26,900
-2% -$324K
PPT
27
Franklin Premier Income Trust
PPT
$328M
$13M 1.06%
2,349,879
-122,586
-5% -$671K
EDD
28
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$12.7M 1.03%
965,909
-417,879
-30% -$5.31M
SABA
29
Saba Capital Income & Opportunities Fund II
SABA
$223M
$12.7M 1.03%
786,687
+110,199
+16% +$1.73M
XLG icon
30
Invesco S&P 500 Top 50 ETF
XLG
$11B
$12.3M 1%
947,010
– –
NIE
31
Virtus Equity & Convertible Income Fund
NIE
$732M
$12.2M 0.99%
626,881
+176,409
+39% +$3.4M
GAM
32
General American Investors Company
GAM
$1.61B
$12.1M 0.99%
344,204
+14,700
+4% +$505K
ZTR
33
Virtus Total Return Fund
ZTR
$339M
$12M 0.98%
854,653
-83,588
-9% -$1.16M
NAD icon
34
Nuveen Quality Municipal Income Fund
NAD
$2.78B
$11.9M 0.97%
890,991
-19,800
-2% -$264K
CTF
35
DELISTED
Nuveen Long/Short Commodity Fd
CTF
$11.4M 0.93%
689,887
-8,599
-1% -$146K
BWG
36
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$11.1M 0.9%
629,528
+1,573
+0.3% +$26.2K
JLS icon
37
Nuveen Mortgage and Income Fund
JLS
$94.7M
$10.8M 0.88%
461,131
+20,330
+5% +$485K
ERC
38
Allspring Multi-Sector Income Fund
ERC
$259M
$10.3M 0.84%
711,678
-2,800
-0.4% -$40.3K
HYT icon
39
BlackRock Corporate High Yield Fund
HYT
$1.37B
$10.2M 0.83%
832,221
+15,618
+2% +$191K
FSD
40
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$9.91M 0.81%
558,788
+13,638
+3% +$240K
NPI
41
DELISTED
NUVEEN PREMIUN INC MUN FUND
NPI
$9.15M 0.75%
698,160
-21,478
-3% -$280K
NMO
42
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$9.08M 0.74%
711,848
+81,953
+13% +$1.03M
IVH
43
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$9.03M 0.74%
494,094
+18,628
+4% +$338K
BTT icon
44
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$8.91M 0.73%
466,915
-53,134
-10% -$992K
EMD
45
DELISTED
Western Asset Emerging Markets
EMD
$8.74M 0.71%
707,941
+229,741
+48% +$2.74M
NKX icon
46
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$657M
$8.42M 0.69%
632,885
+209,398
+49% +$2.7M
NIO
47
DELISTED
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
$8.05M 0.66%
584,985
-151,233
-21% -$2.06M
GDO
48
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.4M
$8.03M 0.65%
441,606
+10,578
+2% +$192K
NML
49
Neuberger Energy Infrastructure and Income Fund Inc
NML
$576M
$7.88M 0.64%
437,339
-37,557
-8% -$694K
CEF icon
50
Sprott Physical Gold and Silver Trust
CEF
$8.06B
$7.87M 0.64%
571,703
– –
1
2
3 4 5

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Rivernorth Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Rivernorth Capital Management held 232 positions worth $1.23B, down 5.7% from $1.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $102M in Q1 2014, closing 42 positions and reducing 78 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $22.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.8% of assets, down from 4.3% a quarter earlier, followed by Materials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in WisdomTree Emerging Markets Local Debt Fund worth $5.53M.

  • Rivernorth Capital Management's largest Q1 2014 buy was WisdomTree Emerging Markets Local Debt Fund: 120,635 shares worth $5.53M.
  • Rivernorth Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2014, an estimated $40.1M increase.
  • Rivernorth Capital Management's biggest Q1 2014 reduction was PIMCO Corporate & Income Opportunity Fund, cutting an estimated $21.9M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q1 2014, selling an estimated $22.9M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.23B portfolio in Q1 2014.
  • Rivernorth Capital Management opened 15 new positions and closed 42 in Q1 2014.
  • Rivernorth Capital Management's portfolio value fell 5.7% quarter-over-quarter to $1.23B.

Based on Rivernorth Capital Management's 13F filing for Q1 2014, filed 15 May 2014.