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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
+3.4%
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
$1.55B
AUM Growth
-$79.6M
Cap. Flow
-$130M
Cap. Flow %
-8.41%
Top 10 Hldgs %
28.65%
Holding
179
New
8
Increased
63
Reduced
56
Closed
30

Top Buys

Rank Stock Value
1
ZF
Virtus Total Return Fund Inc.
ZF
+$7.22M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$6.69M
3
AVK
Advent Convertible and Income Fund
AVK
+$4.94M
4
EMD
Western Asset Emerging Markets
EMD
+$4.87M
5
RVT icon
Royce Value Trust
RVT
+$4.75M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$20.3M
2
ACAS
American Capital Ltd
ACAS
+$19.5M
3
PCEF icon
Invesco CEF Income Composite ETF
PCEF
+$14.9M
4
AWF
AllianceBernstein Global High Income Fund
AWF
+$10.5M
5
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$9.22M

Sector Composition

Rank Sector Weight
1 Financials 4.63%
2 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AOD
26
abrdn Total Dynamic Dividend Fund
AOD
$1.12B
$17.5M 1.13%
2,406,260
+119,475
+5% +$891K
VEA icon
27
Vanguard FTSE Developed Markets ETF
VEA
$236B
$17.1M 1.1%
482,753
– –
EMD
28
DELISTED
Western Asset Emerging Markets
EMD
$15.5M 1%
1,432,144
+464,190
+48% +$4.87M
FAX
29
abrdn Asia-Pacific Income Fund
FAX
$600M
$15.5M 1%
515,460
-105,526
-17% -$3.15M
GHY
30
PGIM Global High Yield Fund
GHY
$483M
$15.2M 0.98%
1,012,525
-60,306
-6% -$899K
EDD
31
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$15.1M 0.98%
1,972,781
-57,783
-3% -$441K
AVK
32
Advent Convertible and Income Fund
AVK
$563M
$14.9M 0.97%
1,099,153
+369,581
+51% +$4.94M
TEI
33
Templeton Emerging Markets Income Fund
TEI
$321M
$14.9M 0.96%
1,423,816
+19,815
+1% +$207K
FSD
34
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$14.4M 0.93%
972,219
– –
MMT
35
Aberdeen Multi-Market Income Fund
MMT
$243M
$14.1M 0.91%
2,335,415
+48,700
+2% +$287K
ARDC
36
Are Dynamic Credit Allocation Fund
ARDC
$298M
$13.2M 0.85%
960,649
+75,467
+9% +$1.03M
EMD
37
Western Asset Emerging Markets Debt Fund
EMD
$616M
$13.2M 0.85%
855,715
-57,722
-6% -$855K
BWG
38
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$13.1M 0.85%
1,010,767
+310,625
+44% +$3.88M
OCSI
39
DELISTED
Oaktree Strategic Income Corporation
OCSI
$12.9M 0.83%
1,618,615
-148,205
-8% -$1.16M
HIO
40
Western Asset High Income Opportunity Fund
HIO
$340M
$12.8M 0.83%
2,614,571
+319,544
+14% +$1.53M
NRO
41
Neuberger Real Estate Securities Income Fund Inc
NRO
$190M
$12.1M 0.78%
2,227,029
+372,699
+20% +$1.87M
MCR
42
DELISTED
MFS Charter Income Trust
MCR
$12M 0.78%
1,414,638
-183,167
-11% -$1.52M
FTF
43
Franklin Limited Duration Income Trust
FTF
$233M
$11.9M 0.77%
1,025,261
+153,094
+18% +$1.77M
GAM
44
General American Investors Company
GAM
$1.61B
$11.7M 0.76%
378,646
-92,625
-20% -$2.88M
JLS icon
45
Nuveen Mortgage and Income Fund
JLS
$94.7M
$11M 0.71%
474,931
+34,223
+8% +$783K
BOI
46
DELISTED
Brookfield Mtge Opportunity Fd
BOI
$10.8M 0.7%
728,473
-22,059
-3% -$327K
JGH icon
47
Nuveen Global High Income Fund
JGH
$356M
$10.7M 0.69%
740,790
– –
BRW
48
Saba Capital Income & Opportunities Fund
BRW
$339M
$10.5M 0.68%
1,025,906
+661,433
+181% +$6.69M
ZTR
49
Virtus Total Return Fund
ZTR
$339M
$10.3M 0.67%
857,544
-76,215
-8% -$919K
CEF icon
50
Sprott Physical Gold and Silver Trust
CEF
$8.06B
$10.3M 0.66%
737,465
– –
1
2
3 4 5

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Rivernorth Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Rivernorth Capital Management held 179 positions worth $1.55B, down 4.9% from $1.63B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $130M in Q2 2016, closing 30 positions and reducing 56 holdings. Its most notable exit was Invesco CEF Income Composite ETF, an estimated $14.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.6% of assets, down from 5.8% a quarter earlier, followed by Real Estate.

Against the trend, Rivernorth Capital Management opened a new position in Pacholder High Yield worth $2.91M.

  • Rivernorth Capital Management's largest Q2 2016 buy was Pacholder High Yield: 411,366 shares worth $2.91M.
  • Rivernorth Capital Management added most to Virtus Total Return Fund Inc. in Q2 2016, an estimated $7.22M increase.
  • Rivernorth Capital Management's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
  • Rivernorth Capital Management fully exited Invesco CEF Income Composite ETF in Q2 2016, selling an estimated $14.9M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $1.55B portfolio in Q2 2016.
  • Rivernorth Capital Management opened 8 new positions and closed 30 in Q2 2016.
  • Rivernorth Capital Management's portfolio value fell 4.9% quarter-over-quarter to $1.55B.

Based on Rivernorth Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.