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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
-16.65%
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
$1.49B
AUM Growth
-$173M
Cap. Flow
+$140M
Cap. Flow %
9.39%
Top 10 Hldgs %
27.23%
Holding
322
New
59
Increased
70
Reduced
57
Closed
50

Top Buys

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$21.2M
2
ARCC icon
Ares Capital
ARCC
+$20.4M
3
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$19.5M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$18.5M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$17.1M

Top Sells

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$26M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$20.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$16.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$15M
5
GLO
Clough Global Opportunities Fund
GLO
+$11.5M

Sector Composition

Rank Sector Weight
1 Financials 5.06%
2 Technology 0.39%
3 Communication Services 0.38%
4 Healthcare 0.29%
5 Industrials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISD
26
PGIM High Yield Bond Fund
ISD
$418M
$14.4M 0.97%
1,245,838
+48,784
+4% +$698K
AOD
27
abrdn Total Dynamic Dividend Fund
AOD
$1.13B
$14.2M 0.95%
2,153,026
-94,598
-4% -$775K
MUC icon
28
BlackRock MuniHoldings California Quality Fund
MUC
$1.02B
$13.4M 0.9%
1,006,234
-210,451
-17% -$2.94M
ARCC icon
29
Ares Capital
ARCC
$14.4B
$13.1M 0.88%
+1,211,881
New +$20.4M
NFJ
30
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.44B
$13M 0.87%
1,356,378
+11,622
+0.9% +$140K
MYN icon
31
BlackRock MuniYield New York Quality Fund
MYN
$376M
$12.4M 0.83%
1,463,473
+1,036,635
+243% +$13.4M
RQI icon
32
Cohen & Steers Quality Income Realty Fund
RQI
$1.67B
$12.2M 0.82%
+1,351,053
New +$17.1M
AWF
33
AllianceBernstein Global High Income Fund
AWF
$876M
$12.2M 0.81%
1,313,394
+635,088
+94% +$7.26M
EFF
34
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$12.2M 0.81%
1,045,193
+453,616
+77% +$6.73M
NRK icon
35
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$920M
$12.1M 0.81%
964,774
-332,007
-26% -$4.44M
PDX
36
PIMCO Dynamic Income Strategy Fund
PDX
$961M
$11.6M 0.78%
2,169,354
+237,685
+12% +$3.13M
NXDT
37
NexPoint Diversified Real Estate Trust
NXDT
$247M
$10.4M 0.7%
1,257,555
+311,339
+33% +$4.77M
MHN
38
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$10.1M 0.68%
800,996
+571
+0.1% +$7.74K
PHD
39
DELISTED
Pioneer Floating Rate Fund
PHD
$10M 0.67%
1,313,124
+406,036
+45% +$4.12M
PMO
40
Franklin Municipal Opportunities Trust
PMO
$285M
$9.52M 0.64%
797,557
-516,181
-39% -$6.67M
NQP
41
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$8.9M 0.6%
668,401
-277,447
-29% -$3.89M
BYM
42
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$8.81M 0.59%
665,219
-26,360
-4% -$369K
VMO icon
43
Invesco Municipal Opportunity Trust
VMO
$662M
$8.54M 0.57%
745,484
-41,342
-5% -$511K
FSD
44
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$8.36M 0.56%
687,031
-103,483
-13% -$1.51M
EVF
45
Eaton Vance Senior Income Trust
EVF
$92.5M
$8.15M 0.55%
1,768,225
-120,904
-6% -$718K
BSE
46
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$8.14M 0.55%
651,102
+86,451
+15% +$1.16M
SOR
47
Source Capital
SOR
$384M
$8.08M 0.54%
263,148
+57,739
+28% +$2.12M
VKQ icon
48
Invesco Municipal Trust
VKQ
$545M
$7.96M 0.53%
679,913
-37,592
-5% -$465K
NKG
49
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$7.93M 0.53%
667,231
+23,265
+4% +$291K
IIM icon
50
Invesco Value Municipal Income Trust
IIM
$596M
$7.92M 0.53%
+560,225
New +$8.48M
1
2
3 4 5

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Rivernorth Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Rivernorth Capital Management held 322 positions worth $1.49B, down 10% from $1.67B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management deployed $140M of net new capital in Q1 2020, opening 59 new positions and adding to 70 existing holdings. Its largest new stake was Ares Capital: 1,211,881 shares worth $13.1M.

By sector, the portfolio is most concentrated in Financials at 5.1% of assets, up from 2.4% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was BlackRock Credit Allocation Income Trust, an estimated $26M trimmed.

  • Rivernorth Capital Management's largest Q1 2020 buy was Ares Capital: 1,211,881 shares worth $13.1M.
  • Rivernorth Capital Management added most to Golub Capital BDC in Q1 2020, an estimated $21.2M increase.
  • Rivernorth Capital Management's biggest Q1 2020 reduction was BlackRock Credit Allocation Income Trust, cutting an estimated $26M.
  • Rivernorth Capital Management fully exited Clough Global Opportunities Fund in Q1 2020, selling an estimated $11.5M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.49B portfolio in Q1 2020.
  • Rivernorth Capital Management opened 59 new positions and closed 50 in Q1 2020.
  • Rivernorth Capital Management's portfolio value fell 10% quarter-over-quarter to $1.49B.

Based on Rivernorth Capital Management's 13F filing for Q1 2020, filed 18 May 2020.