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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
-8.99%
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
$1.68B
AUM Growth
+$480M
Cap. Flow
+$604M
Cap. Flow %
36.01%
Top 10 Hldgs %
26.1%
Holding
319
New
106
Increased
77
Reduced
26
Closed
27

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$31.7M
2
FSK icon
FS KKR Capital
FSK
+$31.6M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.7M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$19.7M
5
HFRO
Highland Opportunities and Income Fund
HFRO
+$19.2M

Top Sells

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$25.2M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.3M
3
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$10.1M
4
WIA
Western Asset Inflation-Linked Income Fund
WIA
+$8.39M
5
KMM
Deutsche Multi-Market Incm Trust
KMM
+$5.79M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Consumer Discretionary 0.85%
3 Healthcare 0.47%
4 Technology 0.46%
5 Communication Services 0.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TEI
26
Templeton Emerging Markets Income Fund
TEI
$321M
$16.9M 1.01%
1,766,328
-340,447
-16% -$3.28M
CLM icon
27
Cornerstone Strategic Value Fund
CLM
$2.25B
$15.9M 0.95%
1,463,414
-94,961
-6% -$1.15M
NVG icon
28
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.7B
$15.4M 0.92%
+1,119,142
New +$15.4M
JPS
29
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$15.2M 0.91%
1,840,177
+1,699,223
+1,206% +$14.1M
DSU icon
30
BlackRock Debt Strategies Fund
DSU
$597M
$15M 0.9%
1,523,271
+1,372,191
+908% +$14.5M
NXDT
31
NexPoint Diversified Real Estate Trust
NXDT
$238M
$14.8M 0.88%
740,087
-97,088
-12% -$2.09M
AWF
32
AllianceBernstein Global High Income Fund
AWF
$872M
$14M 0.83%
1,318,973
+914,142
+226% +$10.1M
EAD
33
Allspring Income Opportunities Fund
EAD
$379M
$13.8M 0.82%
1,882,676
+945,106
+101% +$7.16M
HYI
34
Western Asset High Yield Opportunity Fund Inc
HYI
$135M
$13.5M 0.8%
1,018,228
+106,370
+12% +$1.48M
BIT icon
35
BlackRock Multi-Sector Income Trust
BIT
$702M
$13.4M 0.8%
858,753
+306,732
+56% +$4.98M
CBH
36
DELISTED
Virtus Convertible & Income 2024 Target Term Fund
CBH
$13.3M 0.79%
1,638,055
+372,971
+29% +$3.22M
FPF
37
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
$13.1M 0.78%
+659,495
New +$13.2M
RA
38
Brookfield Real Assets Income Fund
RA
$708M
$12.9M 0.77%
+678,557
New +$14.1M
KYN icon
39
Kayne Anderson Energy Infrastructure Fund
KYN
$2.4B
$12.7M 0.75%
955,706
-67,224
-7% -$1.08M
DEX
40
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$12M 0.72%
1,432,166
-580,613
-29% -$5.65M
AVK
41
Advent Convertible and Income Fund
AVK
$563M
$11.9M 0.71%
975,604
+318,047
+48% +$4.3M
NFJ
42
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.43B
$11.6M 0.69%
1,091,523
+156,456
+17% +$1.87M
JLS icon
43
Nuveen Mortgage and Income Fund
JLS
$94.7M
$11.4M 0.68%
508,640
+93,461
+23% +$2.21M
GLO
44
Clough Global Opportunities Fund
GLO
$257M
$11.4M 0.68%
1,381,305
-165,622
-11% -$1.57M
AKP
45
DELISTED
Alliance Californa Muni Fd
AKP
$11.3M 0.67%
828,329
+284,890
+52% +$3.8M
IIM icon
46
Invesco Value Municipal Income Trust
IIM
$598M
$11.2M 0.67%
+836,168
New +$11.2M
JFR icon
47
Nuveen Floating Rate Income Fund
JFR
$1.25B
$10.8M 0.64%
+1,159,810
New +$11.4M
NMZ icon
48
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.22B
$10.3M 0.61%
+896,361
New +$10.6M
FTF
49
Franklin Limited Duration Income Trust
FTF
$233M
$10.1M 0.6%
+1,110,807
New +$10.4M
MSD
50
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$9.94M 0.59%
1,204,525
-5
-0% -$42
1
2
3 4 5

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Rivernorth Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Rivernorth Capital Management held 319 positions worth $1.68B, up 40% from $1.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Rivernorth Capital Management deployed $604M of net new capital in Q4 2018, opening 106 new positions and adding to 77 existing holdings. Its largest new stake was FS KKR Capital: 1,270,668 shares worth $27.1M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $14.3M trimmed.

  • Rivernorth Capital Management's largest Q4 2018 buy was FS KKR Capital: 1,270,668 shares worth $27.1M.
  • Rivernorth Capital Management added most to Nuveen Quality Municipal Income Fund in Q4 2018, an estimated $31.7M increase.
  • Rivernorth Capital Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $14.3M.
  • Rivernorth Capital Management fully exited abrdn Total Dynamic Dividend Fund in Q4 2018, selling an estimated $25.2M.
  • Rivernorth Capital Management's ten largest holdings make up 26% of its $1.68B portfolio in Q4 2018.
  • Rivernorth Capital Management opened 106 new positions and closed 27 in Q4 2018.
  • Rivernorth Capital Management's portfolio value rose 40% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.