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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
+0.81%
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
$22M
AUM Growth
+$19.7M
Cap. Flow
+$203M
Cap. Flow %
924.46%
Top 10 Hldgs %
88.42%
Holding
291
New
48
Increased
64
Reduced
62
Closed
33

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.9M
4
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$17.8M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$13.7M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
4
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M
5
CRF
Cornerstone Total Return Fund
CRF
+$6.24M

Sector Composition

Rank Sector Weight
1 Financials 0.2%
2 Consumer Discretionary 0.03%
3 Communication Services 0.03%
4 Healthcare 0.03%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GHY
26
PGIM Global High Yield Fund
GHY
$483M
$35K 0.16%
2,437,775
-131,727
-5% -$1.89M
SABA
27
Saba Capital Income & Opportunities Fund II
SABA
$223M
$33.8K 0.15%
2,752,405
+8,000
+0.3% +$100K
WIW
28
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$513M
$29.6K 0.13%
2,674,150
+275,016
+11% +$3.08M
BBDC icon
29
Barings BDC
BBDC
$965M
$27.7K 0.13%
2,728,984
-273,047
-9% -$2.71M
MYI icon
30
BlackRock MuniYield Quality Fund III
MYI
$721M
$27.3K 0.12%
2,011,650
+1,328,481
+194% +$17.8M
BTZ icon
31
BlackRock Credit Allocation Income Trust
BTZ
$956M
$26.3K 0.12%
1,931,687
-759,583
-28% -$10.2M
NRK icon
32
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$912M
$20.2K 0.09%
1,503,641
+793,689
+112% +$10.6M
NRXPW
33
DELISTED
NRX Pharmaceuticals Warrant
NRXPW
$20K 0.09%
119,999
– –
PMO
34
Franklin Municipal Opportunities Trust
PMO
$285M
$19.4K 0.09%
1,487,333
+302,557
+26% +$3.97M
EIM
35
Eaton Vance Municipal Bond Fund
EIM
$499M
$18.7K 0.09%
1,441,685
+971,068
+206% +$12.4M
ISD
36
PGIM High Yield Bond Fund
ISD
$419M
$18.3K 0.08%
1,226,180
-253,682
-17% -$3.71M
AOD
37
abrdn Total Dynamic Dividend Fund
AOD
$1.12B
$18.1K 0.08%
+2,174,846
New +$17.9M
JLS icon
38
Nuveen Mortgage and Income Fund
JLS
$94.7M
$17.9K 0.08%
775,997
+47,272
+6% +$1.09M
NFJ
39
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.43B
$15.8K 0.07%
1,293,061
+47,182
+4% +$581K
MUC icon
40
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$15.6K 0.07%
1,107,723
+609,982
+123% +$8.55M
VGM icon
41
Invesco Trust Investment Grade Municipals
VGM
$564M
$15.1K 0.07%
1,174,529
+1,057,652
+905% +$13.7M
FSD
42
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$15K 0.07%
987,763
+253,528
+35% +$3.78M
NAC icon
43
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
$14.1K 0.06%
939,806
+180,548
+24% +$2.69M
NQP
44
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$13.9K 0.06%
993,826
+908,773
+1,068% +$12.7M
DSU icon
45
BlackRock Debt Strategies Fund
DSU
$597M
$13.4K 0.06%
1,248,190
-125,838
-9% -$1.36M
EFT
46
Eaton Vance Floating-Rate Income Trust
EFT
$288M
$12.2K 0.06%
925,907
-110,260
-11% -$1.47M
HIX
47
Western Asset High Income Fund II
HIX
$355M
$12K 0.05%
1,764,534
-273,020
-13% -$1.87M
VMO icon
48
Invesco Municipal Opportunity Trust
VMO
$663M
$11.8K 0.05%
939,353
-22,776
-2% -$286K
MHN
49
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$11.6K 0.05%
850,354
+699,377
+463% +$9.47M
BIT icon
50
BlackRock Multi-Sector Income Trust
BIT
$702M
$11.3K 0.05%
658,098
-55,427
-8% -$953K
1
2
3 4 5

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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $22M, up 856% from $2.3M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Rivernorth Capital Management deployed $203M of net new capital in Q3 2019, opening 48 new positions and adding to 64 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.

By sector, the portfolio is most concentrated in Financials at 0.2% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Allspring Income Opportunities Fund, an estimated $10.3M trimmed.

  • Rivernorth Capital Management's largest Q3 2019 buy was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2019, an estimated $29.4M increase.
  • Rivernorth Capital Management's biggest Q3 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $10.3M.
  • Rivernorth Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2019, selling an estimated $16.9K.
  • Rivernorth Capital Management's ten largest holdings make up 88% of its $22M portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value rose 856% quarter-over-quarter to $22M.

Based on Rivernorth Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.