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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
-1.67%
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
$1.53B
AUM Growth
+$156M
Cap. Flow
+$159M
Cap. Flow %
10.35%
Top 10 Hldgs %
27.12%
Holding
179
New
40
Increased
50
Reduced
52
Closed
28

Top Buys

Rank Stock Value
1
RA
Brookfield Real Assets Income Fund
RA
+$42.3M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$41.1M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$26.7M
4
CHY
Calamos Convertible and High Income Fund
CHY
+$18.6M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$16.5M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$23.9M
2
ACAS
American Capital Ltd
ACAS
+$18.6M
3
STEW
SRH Total Return Fund
STEW
+$14.6M
4
BOI
Brookfield Mtge Opportunity Fd
BOI
+$13.4M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$9.8M

Sector Composition

Rank Sector Weight
1 Financials 5.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PXH icon
51
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.98B
$9.46M 0.62%
521,245
– –
NXDT
52
NexPoint Diversified Real Estate Trust
NXDT
$238M
$9.39M 0.61%
412,351
-13,299
-3% -$292K
MVC
53
DELISTED
MVC Capital, Inc.
MVC
$9.14M 0.6%
1,065,245
-13,992
-1% -$120K
AFB
54
AllianceBernstein National Municipal Income Fund
AFB
$317M
$9.1M 0.59%
+688,288
New +$9.37M
JGH icon
55
Nuveen Global High Income Fund
JGH
$356M
$8.83M 0.58%
552,059
-1,836
-0.3% -$28.5K
FUND
56
Sprott Focus Trust
FUND
$308M
$8.75M 0.57%
1,260,569
-61,800
-5% -$422K
MCR
57
DELISTED
MFS Charter Income Trust
MCR
$8.7M 0.57%
1,021,354
-142,082
-12% -$1.19M
BRW
58
Saba Capital Income & Opportunities Fund
BRW
$339M
$8.61M 0.56%
776,791
-508,583
-40% -$5.45M
DCA
59
DELISTED
Virtus Total Return Fund
DCA
$8.36M 0.55%
1,870,819
+19,930
+1% +$88.2K
CEF icon
60
Sprott Physical Gold and Silver Trust
CEF
$8.06B
$8.33M 0.54%
737,465
– –
LGI
61
Lazard Global Total Return & Income Fund
LGI
$240M
$8.3M 0.54%
603,761
+449,210
+291% +$6.14M
FAX
62
abrdn Asia-Pacific Income Fund
FAX
$600M
$8.28M 0.54%
298,116
-20,802
-7% -$605K
MUI
63
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$8.27M 0.54%
+599,295
New +$8.5M
NZF icon
64
Nuveen Municipal Credit Income Fund
NZF
$2.45B
$8.06M 0.53%
+569,891
New +$8.22M
VEA icon
65
Vanguard FTSE Developed Markets ETF
VEA
$237B
$7.83M 0.51%
214,253
-268,500
-56% -$9.8M
NIE
66
Virtus Equity & Convertible Income Fund
NIE
$732M
$7.66M 0.5%
415,977
-86,600
-17% -$1.6M
BGX
67
Blackstone Long-Short Credit Income Fund
BGX
$138M
$7.42M 0.48%
465,988
-21,893
-4% -$337K
ZTR
68
Virtus Total Return Fund
ZTR
$339M
$7.29M 0.48%
605,548
-81,838
-12% -$948K
BLW icon
69
BlackRock Limited Duration Income Trust
BLW
$493M
$6.91M 0.45%
455,340
+248,676
+120% +$3.78M
ACV
70
Virtus Diversified Income & Convertible Fund
ACV
$282M
$6.9M 0.45%
367,364
+2,535
+0.7% +$46.3K
GARS
71
DELISTED
Garrison Capital Inc.
GARS
$6.87M 0.45%
734,552
+346,772
+89% +$3.28M
EVG
72
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
$6.84M 0.45%
493,391
-208,303
-30% -$2.8M
CTF
73
DELISTED
Nuveen Long/Short Commodity Fd
CTF
$6.79M 0.44%
485,932
+30,538
+7% +$408K
DHG
74
DELISTED
Deutsche High Incm Opportunities
DHG
$6.72M 0.44%
466,529
-26,946
-5% -$382K
RMT
75
Royce Micro-Cap Trust
RMT
$761M
$6.72M 0.44%
823,112
+360,737
+78% +$2.83M
1 2
3
4 5

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Rivernorth Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Rivernorth Capital Management held 179 positions worth $1.53B, up 11% from $1.38B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management deployed $159M of net new capital in Q4 2016, opening 40 new positions and adding to 50 existing holdings. Its largest new stake was Brookfield Real Assets Income Fund: 1,930,681 shares worth $43.1M.

By sector, the portfolio is most concentrated in Financials at 5% of assets, up from 3.5% a quarter earlier.

On the sell side, the largest reduction was American Capital Ltd, an estimated $18.6M trimmed.

  • Rivernorth Capital Management's largest Q4 2016 buy was Brookfield Real Assets Income Fund: 1,930,681 shares worth $43.1M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2016, an estimated $41.1M increase.
  • Rivernorth Capital Management's biggest Q4 2016 reduction was American Capital Ltd, cutting an estimated $18.6M.
  • Rivernorth Capital Management fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $23.9M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.53B portfolio in Q4 2016.
  • Rivernorth Capital Management opened 40 new positions and closed 28 in Q4 2016.
  • Rivernorth Capital Management's portfolio value rose 11% quarter-over-quarter to $1.53B.

Based on Rivernorth Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.