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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%
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
$1.63B
AUM Growth
-$131M
Cap. Flow
-$145M
Cap. Flow %
-8.9%
Top 10 Hldgs %
28.18%
Holding
206
New
8
Increased
71
Reduced
52
Closed
35

Top Buys

Rank Stock Value
1
VVR icon
Invesco Senior Income Trust
VVR
+$13M
2
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$9.09M
3
GLO
Clough Global Opportunities Fund
GLO
+$5.11M
4
AVK
Advent Convertible and Income Fund
AVK
+$4.89M
5
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$4.12M

Top Sells

Rank Stock Value
1
OCSL icon
Oaktree Specialty Lending
OCSL
+$51.2M
2
FAX
abrdn Asia-Pacific Income Fund
FAX
+$19.4M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$14.1M
4
NID
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
+$11.2M
5
HCF
NEXPOINT CREDIT STRATEGIES FUND
HCF
+$9.76M

Sector Composition

Rank Sector Weight
1 Financials 5.77%
2 Real Estate 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VEA icon
26
Vanguard FTSE Developed Markets ETF
VEA
$237B
$17.3M 1.07%
482,753
– –
AOD
27
abrdn Total Dynamic Dividend Fund
AOD
$1.12B
$17.2M 1.06%
2,286,785
+355,820
+18% +$2.53M
VTA
28
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$16.5M 1.02%
1,537,480
+40,500
+3% +$413K
GHY
29
PGIM Global High Yield Fund
GHY
$483M
$16M 0.98%
1,072,831
-257,323
-19% -$3.64M
EDD
30
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$15.5M 0.95%
2,030,564
– –
ERC
31
Allspring Multi-Sector Income Fund
ERC
$259M
$15.3M 0.94%
1,254,151
– –
PCEF icon
32
Invesco CEF Income Composite ETF
PCEF
$813M
$14.9M 0.92%
691,184
-43,883
-6% -$906K
GAM
33
General American Investors Company
GAM
$1.61B
$14.7M 0.91%
471,271
+64,900
+16% +$1.89M
TEI
34
Templeton Emerging Markets Income Fund
TEI
$321M
$14.4M 0.89%
1,404,001
-30,684
-2% -$296K
FSD
35
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$14.2M 0.87%
972,219
– –
OCSI
36
DELISTED
Oaktree Strategic Income Corporation
OCSI
$14M 0.86%
1,766,820
+75,201
+4% +$566K
MMT
37
Aberdeen Multi-Market Income Fund
MMT
$243M
$13.3M 0.82%
2,286,715
– –
EMD
38
Western Asset Emerging Markets Debt Fund
EMD
$616M
$13.3M 0.82%
913,437
+1,318
+0.1% +$17.9K
MCR
39
DELISTED
MFS Charter Income Trust
MCR
$13M 0.8%
1,597,805
– –
ARDC
40
Are Dynamic Credit Allocation Fund
ARDC
$298M
$11.8M 0.73%
885,182
+3,209
+0.4% +$40.8K
XLG icon
41
Invesco S&P 500 Top 50 ETF
XLG
$11B
$11.6M 0.71%
797,010
– –
NIE
42
Virtus Equity & Convertible Income Fund
NIE
$732M
$11.5M 0.71%
633,127
-57,943
-8% -$995K
ISD
43
PGIM High Yield Bond Fund
ISD
$419M
$11.3M 0.69%
732,360
-42,500
-5% -$629K
ZTR
44
Virtus Total Return Fund
ZTR
$339M
$11.2M 0.69%
933,759
+176,713
+23% +$2.03M
BOI
45
DELISTED
Brookfield Mtge Opportunity Fd
BOI
$11M 0.68%
750,532
-24,682
-3% -$359K
HIO
46
Western Asset High Income Opportunity Fund
HIO
$340M
$10.8M 0.66%
2,295,027
-28,775
-1% -$130K
MVC
47
DELISTED
MVC Capital, Inc.
MVC
$10.5M 0.64%
1,404,351
+44,260
+3% +$317K
JGH icon
48
Nuveen Global High Income Fund
JGH
$356M
$10.3M 0.63%
740,790
-22,921
-3% -$298K
EMD
49
DELISTED
Western Asset Emerging Markets
EMD
$9.93M 0.61%
967,954
+900
+0.1% +$8.7K
JLS icon
50
Nuveen Mortgage and Income Fund
JLS
$94.7M
$9.91M 0.61%
440,708
-34,348
-7% -$775K
1
2
3 4 5

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Rivernorth Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Rivernorth Capital Management held 206 positions worth $1.63B, down 7.5% from $1.76B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $145M in Q1 2016, closing 35 positions and reducing 52 holdings. Its most notable exit was Oaktree Specialty Lending, an estimated $51.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 5.8% of assets, down from 8.6% a quarter earlier, followed by Real Estate.

Against the trend, Rivernorth Capital Management opened a new position in NexPoint Diversified Real Estate Trust worth $9.03M.

  • Rivernorth Capital Management's largest Q1 2016 buy was NexPoint Diversified Real Estate Trust: 500,097 shares worth $9.03M.
  • Rivernorth Capital Management added most to Invesco Senior Income Trust in Q1 2016, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2016 reduction was abrdn Asia-Pacific Income Fund, cutting an estimated $19.4M.
  • Rivernorth Capital Management fully exited Oaktree Specialty Lending in Q1 2016, selling an estimated $51.2M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $1.63B portfolio in Q1 2016.
  • Rivernorth Capital Management opened 8 new positions and closed 35 in Q1 2016.
  • Rivernorth Capital Management's portfolio value fell 7.5% quarter-over-quarter to $1.63B.

Based on Rivernorth Capital Management's 13F filing for Q1 2016, filed 16 May 2016.