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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
+1.87%
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
$1.23B
AUM Growth
-$81.4M
Cap. Flow
-$106M
Cap. Flow %
-8.66%
Top 10 Hldgs %
35.14%
Holding
152
New
12
Increased
30
Reduced
56
Closed
23

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
USA icon
Liberty All-Star Equity Fund
USA
+$16.3M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$6.52M
4
SNAX
Stryve Foods, Inc. Class A Common Stock
SNAX
+$6.05M
5
BRW
Saba Capital Income & Opportunities Fund
BRW
+$5.52M

Top Sells

Rank Stock Value
1
RA
Brookfield Real Assets Income Fund
RA
+$27M
2
BOE icon
BlackRock Enhanced Global Dividend Trust
BOE
+$12.7M
3
AVK
Advent Convertible and Income Fund
AVK
+$8.92M
4
LCM
Advent/Claymore Enhanced Gth & F
LCM
+$8.08M
5
RVT icon
Royce Value Trust
RVT
+$6.47M

Sector Composition

Rank Sector Weight
1 Financials 4.22%
2 Consumer Staples 0.5%
3 Technology 0.49%
4 Energy 0.3%
5 Industrials 0.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCR
51
DELISTED
MFS Charter Income Trust
MCR
$6.83M 0.56%
785,348
-26,489
-3% -$229K
EVF
52
Eaton Vance Senior Income Trust
EVF
$90.5M
$6.77M 0.55%
1,022,508
+36,338
+4% +$241K
PXH icon
53
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.96B
$6.55M 0.53%
307,565
– –
MSD
54
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$6.51M 0.53%
644,750
-7,770
-1% -$78.4K
ZF
55
DELISTED
Virtus Total Return Fund Inc.
ZF
$6.4M 0.52%
493,104
-166,389
-25% -$2.09M
NHS
56
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$6.34M 0.52%
521,317
+8,434
+2% +$101K
NIE
57
Virtus Equity & Convertible Income Fund
NIE
$732M
$6.14M 0.5%
296,535
-44,275
-13% -$892K
MMT
58
Aberdeen Multi-Market Income Fund
MMT
$243M
$6.13M 0.5%
981,244
-54,735
-5% -$340K
MUI
59
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$6.11M 0.5%
431,622
-171,573
-28% -$2.43M
SNAX
60
DELISTED
Stryve Foods, Inc. Class A Common Stock
SNAX
$6.07M 0.5%
+39,859
New +$6.05M
VLT icon
61
Invesco High Income Trust II
VLT
$65.7M
$5.72M 0.47%
378,024
+22,669
+6% +$339K
VEA icon
62
Vanguard FTSE Developed Markets ETF
VEA
$236B
$5.47M 0.45%
126,277
– –
KMM
63
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$5.42M 0.44%
606,777
– –
EAD
64
Allspring Income Opportunities Fund
EAD
$379M
$5.34M 0.44%
615,405
-7,300
-1% -$62.8K
SPE.PRB
65
DELISTED
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
$4.89M 0.4%
191,280
– –
STEW
66
SRH Total Return Fund
STEW
$1.81B
$4.83M 0.39%
470,330
-401,599
-46% -$3.99M
AFB
67
AllianceBernstein National Municipal Income Fund
AFB
$317M
$4.74M 0.39%
340,090
-145,014
-30% -$2.02M
BOE icon
68
BlackRock Enhanced Global Dividend Trust
BOE
$684M
$4.64M 0.38%
343,090
-957,076
-74% -$12.7M
NIQ
69
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$4.46M 0.36%
336,925
-69,465
-17% -$921K
ISD
70
PGIM High Yield Bond Fund
ISD
$419M
$4.37M 0.36%
286,738
+178,928
+166% +$2.72M
ICB
71
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$4.22M 0.34%
230,385
– –
BLW icon
72
BlackRock Limited Duration Income Trust
BLW
$493M
$3.67M 0.3%
227,204
-249,615
-52% -$3.97M
WRLSU
73
DELISTED
Pensare Acquisition Corp. Unit
WRLSU
$3.59M 0.29%
+350,000
New +$3.58M
GECC icon
74
Great Elm Capital Corp
GECC
$81.7M
$3.55M 0.29%
23,609
-4,203
-15% -$272K
AGC
75
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$3.52M 0.29%
564,285
-672,671
-54% -$4.19M
1 2
3
4 5

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Rivernorth Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Rivernorth Capital Management held 152 positions worth $1.23B, down 6.2% from $1.31B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Rivernorth Capital Management withdrew a net $106M in Q3 2017, closing 23 positions and reducing 56 holdings. Its most notable exit was Barington/Hilco Acquisition Corp., an estimated $6.42M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.2% of assets, down from 5.2% a quarter earlier, followed by Consumer Staples and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.6M.

  • Rivernorth Capital Management's largest Q3 2017 buy was Cornerstone Strategic Value Fund: 1,479,892 shares worth $21.6M.
  • Rivernorth Capital Management added most to Liberty All-Star Equity Fund in Q3 2017, an estimated $16.3M increase.
  • Rivernorth Capital Management's biggest Q3 2017 reduction was Brookfield Real Assets Income Fund, cutting an estimated $27M.
  • Rivernorth Capital Management fully exited Barington/Hilco Acquisition Corp. in Q3 2017, selling an estimated $6.42M.
  • Rivernorth Capital Management's ten largest holdings make up 35% of its $1.23B portfolio in Q3 2017.
  • Rivernorth Capital Management opened 12 new positions and closed 23 in Q3 2017.
  • Rivernorth Capital Management's portfolio value fell 6.2% quarter-over-quarter to $1.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.