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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
+9.74%
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
+$69.2M
Cap. Flow
-$146M
Cap. Flow %
-8.69%
Top 10 Hldgs %
29%
Holding
496
New
162
Increased
49
Reduced
116
Closed
141

Top Buys

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$35.8M
2
NMCO icon
Nuveen Municipal Credit Opportunities Fund
NMCO
+$25.9M
3
VVR icon
Invesco Senior Income Trust
VVR
+$19.6M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$17M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$16.2M

Top Sells

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$53.9M
2
HIX
Western Asset High Income Fund II
HIX
+$28.4M
3
HIO
Western Asset High Income Opportunity Fund
HIO
+$20.8M
4
PHD
Pioneer Floating Rate Fund
PHD
+$15M
5
BFZ
BlackRock CA Municipal Income Trust
BFZ
+$14.6M

Sector Composition

Rank Sector Weight
1 Financials 11.15%
2 Healthcare 0.76%
3 Technology 0.75%
4 Consumer Discretionary 0.62%
5 Industrials 0.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NUM
26
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$16.9M 1.01%
1,147,627
+438,982
+62% +$6.32M
BGB
27
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
$16.6M 0.99%
1,329,305
+1,317,057
+10,753% +$16.2M
NCZ
28
Virtus Convertible & Income Fund II
NCZ
$305M
$16.6M 0.98%
+813,118
New +$14.8M
DSU icon
29
BlackRock Debt Strategies Fund
DSU
$599M
$15.6M 0.93%
1,496,325
-677,059
-31% -$6.8M
ISD
30
PGIM High Yield Bond Fund
ISD
$418M
$14.3M 0.85%
955,242
-53,012
-5% -$762K
VKI icon
31
Invesco Advantage Municipal Income Trust II
VKI
$398M
$13.7M 0.81%
1,203,847
+681,759
+131% +$7.52M
NXDT
32
NexPoint Diversified Real Estate Trust
NXDT
$248M
$13.5M 0.8%
1,280,913
-225,323
-15% -$2.17M
CPZ
33
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$267M
$13.4M 0.8%
771,046
+140,756
+22% +$2.29M
FSD
34
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$13.3M 0.79%
899,149
+182,510
+25% +$2.59M
EMD
35
Western Asset Emerging Markets Debt Fund
EMD
$610M
$13M 0.77%
931,982
-289,297
-24% -$3.8M
FRA icon
36
BlackRock Floating Rate Income Strategies Fund
FRA
$391M
$12.7M 0.76%
1,051,616
+492,403
+88% +$5.84M
VMO icon
37
Invesco Municipal Opportunity Trust
VMO
$660M
$12.6M 0.75%
984,786
-9,192
-0.9% -$115K
SABA
38
Saba Capital Income & Opportunities Fund II
SABA
$222M
$12.3M 0.73%
1,118,138
+212,927
+24% +$2.27M
AFB
39
AllianceBernstein National Municipal Income Fund
AFB
$316M
$12M 0.71%
831,018
-585
-0.1% -$8.11K
KMF
40
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$11.8M 0.7%
2,058,874
+390,919
+23% +$1.95M
NRK icon
41
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$918M
$11.8M 0.7%
870,671
-383,329
-31% -$5.03M
NZF icon
42
Nuveen Municipal Credit Income Fund
NZF
$2.42B
$11.4M 0.67%
705,084
+53,815
+8% +$823K
EDD
43
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$384M
$11.3M 0.67%
1,793,774
-199,843
-10% -$1.19M
NMY
44
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$11.2M 0.66%
790,330
+238,859
+43% +$3.25M
TEI
45
Templeton Emerging Markets Income Fund
TEI
$322M
$10.6M 0.63%
1,365,123
+80,342
+6% +$608K
MHN
46
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$10.6M 0.63%
749,440
-16,225
-2% -$222K
FEI
47
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
$10.4M 0.61%
1,782,091
-600,351
-25% -$3.35M
MHI
48
DELISTED
Pioneer Municipal High Income Fund
MHI
$10.1M 0.6%
810,606
+781,653
+2,700% +$9.31M
BYM
49
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$9.97M 0.59%
657,394
-30,163
-4% -$438K
JGH icon
50
Nuveen Global High Income Fund
JGH
$353M
$9.95M 0.59%
639,958
-29,000
-4% -$417K
1
2
3 4 5

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Rivernorth Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Rivernorth Capital Management held 496 positions worth $1.68B, up 4.3% from $1.62B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $146M in Q4 2020, closing 141 positions and reducing 116 holdings. Its most notable exit was Western Asset Global High Income Fund, an estimated $53.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 8.1% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Blue Owl Capital worth $35.7M.

  • Rivernorth Capital Management's largest Q4 2020 buy was Blue Owl Capital: 2,823,663 shares worth $35.7M.
  • Rivernorth Capital Management added most to Invesco Senior Income Trust in Q4 2020, an estimated $19.6M increase.
  • Rivernorth Capital Management's biggest Q4 2020 reduction was Western Asset High Income Opportunity Fund, cutting an estimated $20.8M.
  • Rivernorth Capital Management fully exited Western Asset Global High Income Fund in Q4 2020, selling an estimated $53.9M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $1.68B portfolio in Q4 2020.
  • Rivernorth Capital Management opened 162 new positions and closed 141 in Q4 2020.
  • Rivernorth Capital Management's portfolio value rose 4.3% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.