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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
+1.73%
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
$1.67B
AUM Growth
+$1.64B
Cap. Flow
+$85.4M
Cap. Flow %
5.13%
Top 10 Hldgs %
30.69%
Holding
314
New
56
Increased
61
Reduced
66
Closed
51

Top Buys

Rank Stock Value
1
PDX
PIMCO Dynamic Income Strategy Fund
PDX
+$31.3M
2
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$20M
3
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$18.9M
4
DSU icon
BlackRock Debt Strategies Fund
DSU
+$18.1M
5
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$17.6M

Top Sells

Rank Stock Value
1
VVR icon
Invesco Senior Income Trust
VVR
+$20.6M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$16.9M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$13.4M
4
HIO
Western Asset High Income Opportunity Fund
HIO
+$12.9M
5
HIX
Western Asset High Income Fund II
HIX
+$9.67M

Sector Composition

Rank Sector Weight
1 Financials 2.4%
2 Communication Services 0.43%
3 Technology 0.39%
4 Industrials 0.38%
5 Healthcare 0.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PMO
26
Franklin Municipal Opportunities Trust
PMO
$285M
$17.3M 1.04%
1,313,738
-173,595
-12% -$2.28M
MUC icon
27
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$17M 1.02%
1,216,685
+108,962
+10% +$1.52M
NXDT
28
NexPoint Diversified Real Estate Trust
NXDT
$238M
$16.8M 1.01%
946,216
+809,892
+594% +$13.9M
EIM
29
Eaton Vance Municipal Bond Fund
EIM
$499M
$16.3M 0.98%
1,263,838
-177,847
-12% -$2.29M
VVR icon
30
Invesco Senior Income Trust
VVR
$454M
$16M 0.96%
3,718,389
-4,939,263
-57% -$20.6M
VGM icon
31
Invesco Trust Investment Grade Municipals
VGM
$564M
$14.9M 0.89%
1,159,555
-14,974
-1% -$191K
NQP
32
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$13.4M 0.8%
945,848
-47,978
-5% -$677K
FSD
33
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$12.5M 0.75%
790,514
-197,249
-20% -$3.03M
EVF
34
Eaton Vance Senior Income Trust
EVF
$90.5M
$12.1M 0.73%
1,889,129
+738,128
+64% +$4.6M
GLO
35
Clough Global Opportunities Fund
GLO
$257M
$11.5M 0.69%
1,217,947
+43,150
+4% +$400K
MHN
36
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$10.9M 0.65%
800,425
-49,929
-6% -$676K
EFT
37
Eaton Vance Floating-Rate Income Trust
EFT
$288M
$10.3M 0.62%
753,572
-172,335
-19% -$2.3M
AFB
38
AllianceBernstein National Municipal Income Fund
AFB
$317M
$10.3M 0.62%
737,868
+14,863
+2% +$204K
DEX
39
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$10.1M 0.6%
968,107
+56,745
+6% +$568K
PHD
40
DELISTED
Pioneer Floating Rate Fund
PHD
$9.95M 0.6%
907,088
+171,781
+23% +$1.81M
UTF icon
41
Cohen & Steers Infrastructure Fund
UTF
$3.04B
$9.82M 0.59%
+374,909
New +$9.86M
VMO icon
42
Invesco Municipal Opportunity Trust
VMO
$663M
$9.72M 0.58%
786,826
-152,527
-16% -$1.89M
BYM
43
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$9.72M 0.58%
691,579
+25,596
+4% +$359K
JGH icon
44
Nuveen Global High Income Fund
JGH
$356M
$9.64M 0.58%
588,778
-3,570
-0.6% -$56.4K
EFF
45
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$9.46M 0.57%
591,577
+12,757
+2% +$199K
NAC icon
46
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
$9.33M 0.56%
626,369
-313,437
-33% -$4.66M
ARDC
47
Are Dynamic Credit Allocation Fund
ARDC
$298M
$8.88M 0.53%
578,556
+44,363
+8% +$656K
VKQ icon
48
Invesco Municipal Trust
VKQ
$551M
$8.87M 0.53%
717,505
+96,779
+16% +$1.2M
EFR
49
Eaton Vance Senior Floating-Rate Fund
EFR
$317M
$8.69M 0.52%
641,239
-95,967
-13% -$1.25M
BFZ
50
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$8.64M 0.52%
637,485
-125,141
-16% -$1.69M
1
2
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Rivernorth Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Rivernorth Capital Management held 314 positions worth $1.67B, up 7,483% from $22M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $85.4M of net new capital in Q4 2019, opening 56 new positions and adding to 61 existing holdings. Its largest new stake was Cohen & Steers Infrastructure Fund: 374,909 shares worth $9.82M.

By sector, the portfolio is most concentrated in Financials at 2.4% of assets, up from 0.2% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was Invesco Senior Income Trust, an estimated $20.6M trimmed.

  • Rivernorth Capital Management's largest Q4 2019 buy was Cohen & Steers Infrastructure Fund: 374,909 shares worth $9.82M.
  • Rivernorth Capital Management added most to PIMCO Dynamic Income Strategy Fund in Q4 2019, an estimated $31.3M increase.
  • Rivernorth Capital Management's biggest Q4 2019 reduction was Invesco Senior Income Trust, cutting an estimated $20.6M.
  • Rivernorth Capital Management fully exited Akazoo SA Warrant in Q4 2019, selling an estimated $40K.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.67B portfolio in Q4 2019.
  • Rivernorth Capital Management opened 56 new positions and closed 51 in Q4 2019.
  • Rivernorth Capital Management's portfolio value rose 7,483% quarter-over-quarter to $1.67B.

Based on Rivernorth Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.