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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
-2.98%
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
$1.35B
AUM Growth
-$92.5M
Cap. Flow
-$51.2M
Cap. Flow %
-3.81%
Top 10 Hldgs %
30.02%
Holding
201
New
31
Increased
45
Reduced
55
Closed
20

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$15.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$13M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$9.27M
4
DDF
Delaware Investments Dividend & Income Fund, Inc.
DDF
+$7.68M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$6.3M

Top Sells

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$27M
2
USA icon
Liberty All-Star Equity Fund
USA
+$22M
3
PHK
PIMCO High Income Fund
PHK
+$17.7M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$15.8M
5
CCT
Corporate Capital Trust, Inc.
CCT
+$15.7M

Sector Composition

Rank Sector Weight
1 Financials 2.5%
2 Technology 0.89%
3 Energy 0.4%
4 Industrials 0.34%
5 Consumer Discretionary 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HIX
51
Western Asset High Income Fund II
HIX
$356M
$7.93M 0.59%
1,208,520
+230,397
+24% +$1.56M
TY icon
52
TRI-Continental Corp
TY
$1.9B
$7.84M 0.58%
297,938
-7,012
-2% -$190K
CCT
53
DELISTED
Corporate Capital Trust, Inc.
CCT
$7.65M 0.57%
452,541
-984,075
-68% -$15.7M
JGH icon
54
Nuveen Global High Income Fund
JGH
$357M
$7.6M 0.56%
471,457
-200
-0% -$3.31K
ARCC icon
55
Ares Capital
ARCC
$14.2B
$7.55M 0.56%
475,494
-956,851
-67% -$15.2M
EAD
56
Allspring Income Opportunities Fund
EAD
$380M
$7.54M 0.56%
937,570
-31,395
-3% -$258K
PXH icon
57
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.98B
$7.23M 0.54%
307,565
– –
TYG
58
Tortoise Energy Infrastructure Corp
TYG
$1.08B
$7.12M 0.53%
71,211
+21,127
+42% +$2.45M
EVF
59
Eaton Vance Senior Income Trust
EVF
$91.6M
$6.73M 0.5%
988,898
-18,871
-2% -$123K
GLQ
60
Clough Global Equity Fund
GLQ
$158M
$6.72M 0.5%
510,760
-141,172
-22% -$1.93M
BTT icon
61
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$6.21M 0.46%
+291,413
New +$6.3M
BGB
62
Blackstone Strategic Credit 2027 Term Fund
BGB
$503M
$6.09M 0.45%
383,818
-120,137
-24% -$1.9M
MCR
63
DELISTED
MFS Charter Income Trust
MCR
$6.03M 0.45%
743,051
-41,753
-5% -$344K
NHS
64
Neuberger High Yield Strategies Fund Inc
NHS
$254M
$6.03M 0.45%
541,317
+20,000
+4% +$227K
MUI
65
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$6.03M 0.45%
459,578
+800
+0.2% +$10.8K
AVK
66
Advent Convertible and Income Fund
AVK
$567M
$6.02M 0.45%
409,854
-100,636
-20% -$1.54M
RMT
67
Royce Micro-Cap Trust
RMT
$760M
$5.86M 0.44%
625,809
-21,224
-3% -$202K
JEMD
68
DELISTED
Nuveen Emerging Markets Debt 2022 Target Term Fund, Common Shares of Beneficial Interest, $0.01 par value per share
JEMD
$5.71M 0.42%
634,898
+328,849
+107% +$3.06M
EGIF
69
DELISTED
Eagle Growth and Income Opportunities Fund
EGIF
$5.66M 0.42%
376,871
+85,196
+29% +$1.36M
VEA icon
70
Vanguard FTSE Developed Markets ETF
VEA
$236B
$5.59M 0.42%
126,277
– –
NIQ
71
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$5.5M 0.41%
438,324
+46,152
+12% +$583K
KMM
72
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$5.46M 0.41%
623,179
+16,402
+3% +$145K
SPE.PRB
73
DELISTED
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
$4.9M 0.36%
191,280
– –
FAX
74
abrdn Asia-Pacific Income Fund
FAX
$599M
$4.86M 0.36%
170,765
-4,362
-2% -$127K
ICB
75
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$4.65M 0.35%
246,874
+16,489
+7% +$308K
1 2
3
4 5

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Rivernorth Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Rivernorth Capital Management held 201 positions worth $1.35B, down 6.4% from $1.44B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $51.2M in Q1 2018, closing 20 positions and reducing 55 holdings. Its most notable exit was Cornerstone Strategic Value Fund, an estimated $27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.5% of assets, down from 3.9% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $14.7M.

  • Rivernorth Capital Management's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 55,719 shares worth $14.7M.
  • Rivernorth Capital Management added most to abrdn Total Dynamic Dividend Fund in Q1 2018, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $22M.
  • Rivernorth Capital Management fully exited Cornerstone Strategic Value Fund in Q1 2018, selling an estimated $27M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.35B portfolio in Q1 2018.
  • Rivernorth Capital Management opened 31 new positions and closed 20 in Q1 2018.
  • Rivernorth Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.35B.

Based on Rivernorth Capital Management's 13F filing for Q1 2018, filed 15 May 2018.