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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
+4.37%
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
$1.38B
AUM Growth
-$169M
Cap. Flow
-$230M
Cap. Flow %
-16.68%
Top 10 Hldgs %
26.9%
Holding
161
New
12
Increased
41
Reduced
71
Closed
22

Top Buys

Rank Stock Value
1
PPT
Franklin Premier Income Trust
PPT
+$7.88M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$7.58M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.54M
4
SPE.PRB
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
+$5.33M
5
JGV
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
+$4.58M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$73.2M
2
ACG
AllianceBernstein Income Fund Inc
ACG
+$39.4M
3
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$20.9M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.4M
5
OCSI
Oaktree Strategic Income Corporation
OCSI
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 3.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NIE
51
Virtus Equity & Convertible Income Fund
NIE
$732M
$9.41M 0.68%
502,577
-8,770
-2% -$166K
PXH icon
52
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.98B
$9.34M 0.68%
521,245
– –
FUND
53
Sprott Focus Trust
FUND
$308M
$9.12M 0.66%
1,322,369
+108,021
+9% +$739K
PPT
54
Franklin Premier Income Trust
PPT
$328M
$9.07M 0.66%
1,854,219
+1,635,619
+748% +$7.88M
MVC
55
DELISTED
MVC Capital, Inc.
MVC
$8.95M 0.65%
1,079,237
-5,243
-0.5% -$42.5K
DCA
56
DELISTED
Virtus Total Return Fund
DCA
$8.77M 0.64%
1,850,889
+742,790
+67% +$3.42M
JGH icon
57
Nuveen Global High Income Fund
JGH
$356M
$8.7M 0.63%
553,895
-186,895
-25% -$2.87M
ZTR
58
Virtus Total Return Fund
ZTR
$339M
$8.28M 0.6%
687,386
-170,158
-20% -$2.08M
BGX
59
Blackstone Long-Short Credit Income Fund
BGX
$138M
$7.58M 0.55%
487,881
-24,500
-5% -$368K
XLG icon
60
Invesco S&P 500 Top 50 ETF
XLG
$11B
$7.5M 0.54%
490,990
-50,000
-9% -$764K
SCD
61
LMP Capital and Income Fund
SCD
$358M
$7.26M 0.53%
532,647
-56,450
-10% -$770K
GDO
62
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.4M
$7.23M 0.53%
408,642
-1,429
-0.3% -$25.2K
JGV
63
DELISTED
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
$7.02M 0.51%
587,886
+381,500
+185% +$4.58M
DHG
64
DELISTED
Deutsche High Incm Opportunities
DHG
$6.98M 0.51%
493,475
-5,590
-1% -$78.6K
ACV
65
Virtus Diversified Income & Convertible Fund
ACV
$282M
$6.94M 0.5%
364,829
+34,138
+10% +$641K
OHAI
66
DELISTED
OHA Investment Corporation
OHAI
$6.56M 0.48%
2,087,830
+79,876
+4% +$205K
WIW
67
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$513M
$6.51M 0.47%
582,157
+41,700
+8% +$466K
KMM
68
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$6.47M 0.47%
756,755
-187,346
-20% -$1.6M
AIF
69
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$6.32M 0.46%
408,448
-9,601
-2% -$144K
NHS
70
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$6.31M 0.46%
532,370
-28,343
-5% -$326K
NSLR
71
Neostellar Capital Corp
NSLR
$254M
$6.3M 0.46%
1,591,237
+357,711
+29% +$1.56M
MSD
72
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$6.14M 0.45%
636,542
-39,745
-6% -$384K
CTF
73
DELISTED
Nuveen Long/Short Commodity Fd
CTF
$6.02M 0.44%
455,394
-21,632
-5% -$307K
EMD
74
Western Asset Emerging Markets Debt Fund
EMD
$616M
$5.91M 0.43%
363,591
-492,124
-58% -$7.96M
NSL
75
DELISTED
NUVEEN SENIOR INCM FD
NSL
$5.7M 0.41%
872,013
-255,964
-23% -$1.6M
1 2
3
4 5

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Rivernorth Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Rivernorth Capital Management held 161 positions worth $1.38B, down 11% from $1.55B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $230M in Q3 2016, closing 22 positions and reducing 71 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $39.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.5% of assets, down from 4.6% a quarter earlier.

Against the trend, Rivernorth Capital Management opened a new position in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B worth $5.36M.

  • Rivernorth Capital Management's largest Q3 2016 buy was Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B: 207,430 shares worth $5.36M.
  • Rivernorth Capital Management added most to Franklin Premier Income Trust in Q3 2016, an estimated $7.88M increase.
  • Rivernorth Capital Management's biggest Q3 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $73.2M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q3 2016, selling an estimated $39.4M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.38B portfolio in Q3 2016.
  • Rivernorth Capital Management opened 12 new positions and closed 22 in Q3 2016.
  • Rivernorth Capital Management's portfolio value fell 11% quarter-over-quarter to $1.38B.

Based on Rivernorth Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.