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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
+2.06%
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
-$17.3M
Cap. Flow
-$148M
Cap. Flow %
-8.89%
Top 10 Hldgs %
31.26%
Holding
591
New
236
Increased
60
Reduced
68
Closed
132

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$46.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$14.7M
3
HIO
Western Asset High Income Opportunity Fund
HIO
+$10.6M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$8.71M
5
EIM
Eaton Vance Municipal Bond Fund
EIM
+$8.12M

Top Sells

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$36.1M
2
NMCO icon
Nuveen Municipal Credit Opportunities Fund
NMCO
+$26.9M
3
BCSF icon
Bain Capital Specialty
BCSF
+$26.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$20.3M
5
NUM
Nuveen Michigan Quality Municipal Income Fund
NUM
+$16.9M

Sector Composition

Rank Sector Weight
1 Financials 8%
2 Healthcare 0.99%
3 Consumer Discretionary 0.78%
4 Technology 0.76%
5 Industrials 0.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AWF
26
AllianceBernstein Global High Income Fund
AWF
$870M
$14.8M 0.89%
1,248,821
-517,049
-29% -$6.09M
MHD icon
27
BlackRock MuniHoldings Fund
MHD
$604M
$14.6M 0.88%
+911,692
New +$14.7M
NRK icon
28
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$916M
$14.5M 0.87%
1,058,917
+188,246
+22% +$2.55M
IQI icon
29
Invesco Quality Municipal Securities
IQI
$533M
$14.2M 0.85%
1,095,810
+485,334
+80% +$6.26M
EDD
30
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$13.9M 0.83%
2,307,029
+513,255
+29% +$3.13M
HIE
31
DELISTED
Miller/Howard High Income Equity Fund
HIE
$12.8M 0.77%
1,332,150
+610,689
+85% +$5.29M
FSD
32
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$12.3M 0.74%
815,934
-83,215
-9% -$1.24M
ISD
33
PGIM High Yield Bond Fund
ISD
$419M
$12M 0.72%
763,312
-191,930
-20% -$2.95M
NZF icon
34
Nuveen Municipal Credit Income Fund
NZF
$2.43B
$11.8M 0.71%
728,827
+23,743
+3% +$382K
AFB
35
AllianceBernstein National Municipal Income Fund
AFB
$316M
$11.8M 0.71%
826,547
-4,471
-0.5% -$63.8K
SABA
36
Saba Capital Income & Opportunities Fund II
SABA
$223M
$11.7M 0.7%
1,099,932
-18,206
-2% -$200K
MHI
37
DELISTED
Pioneer Municipal High Income Fund
MHI
$11.6M 0.7%
937,795
+127,189
+16% +$1.58M
MVF
38
DELISTED
BlackRock MuniVest Fund
MVF
$11.1M 0.66%
1,190,872
+771,570
+184% +$7.07M
FIV
39
DELISTED
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
$10.6M 0.63%
1,123,179
+75,085
+7% +$694K
DIAX
40
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
$10.2M 0.61%
627,587
+193,712
+45% +$2.98M
EMD
41
Western Asset Emerging Markets Debt Fund
EMD
$611M
$10.1M 0.6%
761,055
-170,927
-18% -$2.31M
NMY
42
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$9.28M 0.56%
655,097
-135,233
-17% -$1.9M
TEI
43
Templeton Emerging Markets Income Fund
TEI
$322M
$9.2M 0.55%
1,247,645
-117,478
-9% -$894K
NVG icon
44
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$9.13M 0.55%
540,345
+705
+0.1% +$11.8K
MHN
45
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$8.99M 0.54%
638,292
-111,148
-15% -$1.56M
BYM
46
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$8.82M 0.53%
584,013
-73,381
-11% -$1.1M
EMO
47
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.04B
$8.64M 0.52%
462,690
-39,534
-8% -$669K
MMU
48
Western Asset Managed Municipals Fund
MMU
$552M
$8.62M 0.52%
663,469
+450,346
+211% +$5.82M
EVM
49
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$8.6M 0.52%
739,119
+162,816
+28% +$1.88M
BGH
50
Barings Global Short Duration High Yield Fund
BGH
$287M
$8.46M 0.51%
526,265
+70,826
+16% +$1.1M
1
2
3 4 5

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Rivernorth Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Rivernorth Capital Management held 591 positions worth $1.67B, down 1% from $1.68B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $148M in Q1 2021, closing 132 positions and reducing 68 holdings. Its most notable exit was Nuveen Municipal Credit Opportunities Fund, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 11% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniHoldings Fund worth $14.6M.

  • Rivernorth Capital Management's largest Q1 2021 buy was BlackRock MuniHoldings Fund: 911,692 shares worth $14.6M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q1 2021, an estimated $46.7M increase.
  • Rivernorth Capital Management's biggest Q1 2021 reduction was Blue Owl Capital, cutting an estimated $36.1M.
  • Rivernorth Capital Management fully exited Nuveen Municipal Credit Opportunities Fund in Q1 2021, selling an estimated $26.9M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.67B portfolio in Q1 2021.
  • Rivernorth Capital Management opened 236 new positions and closed 132 in Q1 2021.
  • Rivernorth Capital Management's portfolio value fell 1% quarter-over-quarter to $1.67B.

Based on Rivernorth Capital Management's 13F filing for Q1 2021, filed 17 May 2021.