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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
+0.99%
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
$1.3B
AUM Growth
+$353M
Cap. Flow
+$331M
Cap. Flow %
25.4%
Top 10 Hldgs %
22.27%
Holding
261
New
73
Increased
81
Reduced
45
Closed
44

Top Buys

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$23.8M
2
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.4M
3
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$17.3M
4
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$14.2M
5
DSU icon
BlackRock Debt Strategies Fund
DSU
+$12.6M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$19.5M
2
OEF icon
iShares S&P 100 ETF
OEF
+$10.4M
3
PRF icon
Invesco FTSE RAFI US 1000 ETF
PRF
+$9.35M
4
ETW
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
+$7.2M
5
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$5.02M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Technology 0.1%
3 Materials 0.04%
4 Communication Services 0.03%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NIE
51
Virtus Equity & Convertible Income Fund
NIE
$732M
$8.79M 0.67%
450,472
+32,655
+8% +$625K
IVH
52
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$8.55M 0.66%
475,466
+369,533
+349% +$6.56M
GLQ
53
Clough Global Equity Fund
GLQ
$158M
$8.41M 0.65%
535,437
– –
GDO
54
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.4M
$7.79M 0.6%
431,028
+23,406
+6% +$419K
AIF
55
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$7.75M 0.6%
430,828
-994
-0.2% -$17.2K
CEF icon
56
Sprott Physical Gold and Silver Trust
CEF
$8.06B
$7.58M 0.58%
571,703
-10,144
-2% -$143K
NMO
57
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$7.56M 0.58%
+629,895
New +$7.51M
CHY
58
Calamos Convertible and High Income Fund
CHY
$1.06B
$7.47M 0.57%
577,944
+89,892
+18% +$1.15M
CLM icon
59
Cornerstone Strategic Value Fund
CLM
$2.25B
$7.35M 0.56%
+283,012
New +$7.71M
DHG
60
DELISTED
Deutsche High Incm Opportunities
DHG
$7.19M 0.55%
499,065
+34,205
+7% +$485K
BGB
61
Blackstone Strategic Credit 2027 Term Fund
BGB
$503M
$7.16M 0.55%
402,363
+318,187
+378% +$5.71M
EOI
62
Eaton Vance Enhanced Equity Income Fund
EOI
$826M
$7.1M 0.54%
546,002
-113,334
-17% -$1.42M
AGC
63
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$6.68M 0.51%
917,375
+41,850
+5% +$297K
BGH
64
Barings Global Short Duration High Yield Fund
BGH
$287M
$6.62M 0.51%
286,490
+137,949
+93% +$3.19M
BGX
65
Blackstone Long-Short Credit Income Fund
BGX
$138M
$6.61M 0.51%
+369,787
New +$6.58M
ACP
66
abrdn Income Credit Strategies Fund
ACP
$637M
$6.57M 0.5%
+385,828
New +$6.34M
JPC icon
67
Nuveen Preferred & Income Opportunities Fund
JPC
$2.9B
$6.53M 0.5%
736,491
+152,559
+26% +$1.33M
PFL
68
PIMCO Income Strategy Fund
PFL
$388M
$6.46M 0.5%
570,701
-34,335
-6% -$396K
BTF
69
DELISTED
BOULDER TOTAL RETURN FD INC
BTF
$6.44M 0.49%
280,071
– –
DCA
70
DELISTED
Virtus Total Return Fund
DCA
$6.3M 0.48%
1,604,274
+315,617
+24% +$1.26M
FPF
71
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
$6.21M 0.48%
+292,252
New +$6.07M
WIW
72
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$513M
$6.09M 0.47%
540,457
+15,300
+3% +$176K
STEW
73
SRH Total Return Fund
STEW
$1.81B
$5.97M 0.46%
742,362
– –
PXH icon
74
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.98B
$5.79M 0.44%
282,740
+35,200
+14% +$730K
NBB icon
75
Nuveen Taxable Municipal Income Fund
NBB
$453M
$5.75M 0.44%
311,980
– –
1 2
3
4 5

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Rivernorth Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Rivernorth Capital Management held 261 positions worth $1.3B, up 37% from $950M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management deployed $331M of net new capital in Q4 2013, opening 73 new positions and adding to 81 existing holdings. Its largest new stake was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 4% a quarter earlier, followed by Technology and Materials.

On the sell side, the largest reduction was iShares S&P 100 ETF, an estimated $10.4M trimmed.

  • Rivernorth Capital Management's largest Q4 2013 buy was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.
  • Rivernorth Capital Management added most to PIMCO Dynamic Credit and Mortgage Income Fund in Q4 2013, an estimated $23.8M increase.
  • Rivernorth Capital Management's biggest Q4 2013 reduction was iShares S&P 100 ETF, cutting an estimated $10.4M.
  • Rivernorth Capital Management fully exited Vanguard S&P 500 ETF in Q4 2013, selling an estimated $19.5M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $1.3B portfolio in Q4 2013.
  • Rivernorth Capital Management opened 73 new positions and closed 44 in Q4 2013.
  • Rivernorth Capital Management's portfolio value rose 37% quarter-over-quarter to $1.3B.

Based on Rivernorth Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.