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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
-0.37%
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
$1.2B
AUM Growth
-$71.2M
Cap. Flow
-$66.9M
Cap. Flow %
-5.58%
Top 10 Hldgs %
30.99%
Holding
261
New
52
Increased
65
Reduced
44
Closed
48

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$17.5M
3
CRF
Cornerstone Total Return Fund
CRF
+$8.55M
4
PCF
High Income Securities Fund
PCF
+$6.75M
5
AVK
Advent Convertible and Income Fund
AVK
+$5.73M

Top Sells

Rank Stock Value
1
MZF
Managed Duration Inv Grd Muni Fd
MZF
+$14.8M
2
RA
Brookfield Real Assets Income Fund
RA
+$13.6M
3
USA icon
Liberty All-Star Equity Fund
USA
+$13M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$8.26M

Sector Composition

Rank Sector Weight
1 Financials 2.31%
2 Consumer Discretionary 1.27%
3 Technology 1.03%
4 Healthcare 0.65%
5 Communication Services 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HIX
51
Western Asset High Income Fund II
HIX
$355M
$6.45M 0.54%
1,017,217
+15,092
+2% +$96.5K
NHS
52
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$6.43M 0.54%
587,637
+27,737
+5% +$302K
MUI
53
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$6.31M 0.53%
482,346
+768
+0.2% +$10.1K
NTC
54
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$6.23M 0.52%
548,563
+309,328
+129% +$3.6M
JGH icon
55
Nuveen Global High Income Fund
JGH
$356M
$6.02M 0.5%
386,267
-186,954
-33% -$2.93M
NAC icon
56
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
$6.01M 0.5%
464,720
-132,246
-22% -$1.77M
BLW icon
57
BlackRock Limited Duration Income Trust
BLW
$493M
$5.83M 0.49%
391,655
– –
KMM
58
DELISTED
Deutsche Multi-Market Incm Trust
KMM
$5.79M 0.48%
645,132
– –
VWO icon
59
Vanguard FTSE Emerging Markets ETF
VWO
$126B
$5.55M 0.46%
135,426
-171,433
-56% -$7.21M
NID
60
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
$4.91M 0.41%
393,188
+52,142
+15% +$650K
SPE.PRB
61
DELISTED
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
$4.88M 0.41%
191,280
– –
AWF
62
AllianceBernstein Global High Income Fund
AWF
$872M
$4.72M 0.39%
404,831
+22,500
+6% +$261K
MCR
63
DELISTED
MFS Charter Income Trust
MCR
$4.7M 0.39%
605,376
-25,928
-4% -$203K
PXH icon
64
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.98B
$4.67M 0.39%
221,065
-86,500
-28% -$1.82M
ZF
65
DELISTED
Virtus Total Return Fund Inc.
ZF
$4.48M 0.37%
424,862
-196,657
-32% -$2.1M
AFB
66
AllianceBernstein National Municipal Income Fund
AFB
$317M
$4.29M 0.36%
346,084
– –
MCN
67
Madison Covered Call & Equity Strategy Fund
MCN
$118M
$4.25M 0.36%
553,074
-1,267
-0.2% -$9.79K
USA icon
68
Liberty All-Star Equity Fund
USA
$1.85B
$4M 0.33%
587,323
-1,948,622
-77% -$13M
AEF
69
abrdn Emerging Markets Equity Income Fund
AEF
$367M
$3.94M 0.33%
574,569
+513,319
+838% +$3.54M
PACK icon
70
Ranpak Holdings
PACK
$473M
$3.89M 0.32%
399,998
+40,602
+11% +$395K
AVCT
71
DELISTED
American Virtual Cloud Technologies, Inc. Common Stock
AVCT
$3.88M 0.32%
26,000
– –
LOR
72
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$3.87M 0.32%
371,475
+189,498
+104% +$1.96M
FAX
73
abrdn Asia-Pacific Income Fund
FAX
$600M
$3.72M 0.31%
149,751
+56,746
+61% +$1.44M
JEMD
74
DELISTED
Nuveen Emerging Markets Debt 2022 Target Term Fund, Common Shares of Beneficial Interest, $0.01 par value per share
JEMD
$3.57M 0.3%
436,237
-10,410
-2% -$87.1K
VEA icon
75
Vanguard FTSE Developed Markets ETF
VEA
$237B
$3.33M 0.28%
77,070
-49,207
-39% -$2.12M
1 2
3
4 5

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Rivernorth Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Rivernorth Capital Management held 261 positions worth $1.2B, down 5.6% from $1.27B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $66.9M in Q3 2018, closing 48 positions and reducing 44 holdings. Its most notable exit was Managed Duration Inv Grd Muni Fd, an estimated $14.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.5M.

  • Rivernorth Capital Management's largest Q3 2018 buy was Cornerstone Strategic Value Fund: 1,558,375 shares worth $21.5M.
  • Rivernorth Capital Management added most to High Income Securities Fund in Q3 2018, an estimated $6.75M increase.
  • Rivernorth Capital Management's biggest Q3 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $13M.
  • Rivernorth Capital Management fully exited Managed Duration Inv Grd Muni Fd in Q3 2018, selling an estimated $14.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.2B portfolio in Q3 2018.
  • Rivernorth Capital Management opened 52 new positions and closed 48 in Q3 2018.
  • Rivernorth Capital Management's portfolio value fell 5.6% quarter-over-quarter to $1.2B.

Based on Rivernorth Capital Management's 13F filing for Q3 2018, filed 15 Nov 2018.