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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
-2.98%
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
$1.35B
AUM Growth
-$92.5M
Cap. Flow
-$51.2M
Cap. Flow %
-3.81%
Top 10 Hldgs %
30.02%
Holding
201
New
31
Increased
45
Reduced
55
Closed
20

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$15.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$13M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$9.27M
4
DDF
Delaware Investments Dividend & Income Fund, Inc.
DDF
+$7.68M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$6.3M

Top Sells

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$27M
2
USA icon
Liberty All-Star Equity Fund
USA
+$22M
3
PHK
PIMCO High Income Fund
PHK
+$17.7M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$15.8M
5
CCT
Corporate Capital Trust, Inc.
CCT
+$15.7M

Sector Composition

Rank Sector Weight
1 Financials 2.5%
2 Technology 0.89%
3 Energy 0.4%
4 Industrials 0.34%
5 Consumer Discretionary 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DEX
26
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$14.7M 1.09%
1,269,399
+325,053
+34% +$3.94M
NFJ
27
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.43B
$14.6M 1.08%
1,148,018
+462,488
+67% +$6.08M
ISD
28
PGIM High Yield Bond Fund
ISD
$419M
$14.5M 1.08%
1,027,780
+318,303
+45% +$4.62M
BIT icon
29
BlackRock Multi-Sector Income Trust
BIT
$702M
$14M 1.04%
836,494
+202,305
+32% +$3.55M
UTG icon
30
Reaves Utility Income Fund
UTG
$3.61B
$14M 1.04%
495,542
+171,635
+53% +$4.99M
VWO icon
31
Vanguard FTSE Emerging Markets ETF
VWO
$126B
$13.7M 1.02%
291,859
– –
HYI
32
Western Asset High Yield Opportunity Fund Inc
HYI
$135M
$13.7M 1.02%
935,650
+76,810
+9% +$1.14M
EDD
33
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$13.3M 0.99%
1,701,272
+61,043
+4% +$487K
DSU icon
34
BlackRock Debt Strategies Fund
DSU
$597M
$13.2M 0.98%
1,135,754
-419,090
-27% -$4.86M
MZF
35
DELISTED
Managed Duration Inv Grd Muni Fd
MZF
$12.9M 0.96%
949,919
+91,845
+11% +$1.23M
CBH
36
DELISTED
Virtus Convertible & Income 2024 Target Term Fund
CBH
$12.8M 0.95%
1,388,048
-151,094
-10% -$1.39M
FIV
37
DELISTED
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
$12.7M 0.94%
1,353,833
-519,405
-28% -$4.84M
VLT icon
38
Invesco High Income Trust II
VLT
$65.7M
$11.5M 0.85%
825,764
+171,301
+26% +$2.43M
PRF icon
39
Invesco FTSE RAFI US 1000 ETF
PRF
$10B
$11.1M 0.82%
503,160
– –
ZF
40
DELISTED
Virtus Total Return Fund Inc.
ZF
$10.3M 0.76%
916,372
-138,676
-13% -$1.59M
GARS
41
DELISTED
Garrison Capital Inc.
GARS
$10.2M 0.76%
1,259,445
+198,821
+19% +$1.62M
MSD
42
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$10M 0.75%
1,068,402
+107,981
+11% +$1.04M
ARDC
43
Are Dynamic Credit Allocation Fund
ARDC
$298M
$9.58M 0.71%
589,760
-46,873
-7% -$764K
WIA
44
Western Asset Inflation-Linked Income Fund
WIA
$186M
$9.57M 0.71%
830,178
+36,534
+5% +$427K
CEF icon
45
Sprott Physical Gold and Silver Trust
CEF
$8.06B
$9.18M 0.68%
694,364
-18,801
-3% -$251K
FUND
46
Sprott Focus Trust
FUND
$308M
$9.07M 0.67%
1,164,832
-166,064
-12% -$1.33M
JLS icon
47
Nuveen Mortgage and Income Fund
JLS
$94.7M
$8.98M 0.67%
377,174
-5,543
-1% -$133K
FSK icon
48
FS KKR Capital
FSK
$3.44B
$8.51M 0.63%
293,440
-17,257
-6% -$514K
JMT
49
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$8.3M 0.62%
367,124
+22,506
+7% +$517K
DDF
50
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$8.18M 0.61%
776,608
+712,747
+1,116% +$7.68M
1
2
3 4 5

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Rivernorth Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Rivernorth Capital Management held 201 positions worth $1.35B, down 6.4% from $1.44B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $51.2M in Q1 2018, closing 20 positions and reducing 55 holdings. Its most notable exit was Cornerstone Strategic Value Fund, an estimated $27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.5% of assets, down from 3.9% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $14.7M.

  • Rivernorth Capital Management's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 55,719 shares worth $14.7M.
  • Rivernorth Capital Management added most to abrdn Total Dynamic Dividend Fund in Q1 2018, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $22M.
  • Rivernorth Capital Management fully exited Cornerstone Strategic Value Fund in Q1 2018, selling an estimated $27M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.35B portfolio in Q1 2018.
  • Rivernorth Capital Management opened 31 new positions and closed 20 in Q1 2018.
  • Rivernorth Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.35B.

Based on Rivernorth Capital Management's 13F filing for Q1 2018, filed 15 May 2018.