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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
-8.99%
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
$1.68B
AUM Growth
+$480M
Cap. Flow
+$604M
Cap. Flow %
36.01%
Top 10 Hldgs %
26.1%
Holding
319
New
106
Increased
77
Reduced
26
Closed
27

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$31.7M
2
FSK icon
FS KKR Capital
FSK
+$31.6M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.7M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$19.7M
5
HFRO
Highland Opportunities and Income Fund
HFRO
+$19.2M

Top Sells

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$25.2M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.3M
3
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$10.1M
4
WIA
Western Asset Inflation-Linked Income Fund
WIA
+$8.39M
5
KMM
Deutsche Multi-Market Incm Trust
KMM
+$5.79M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Consumer Discretionary 0.85%
3 Healthcare 0.47%
4 Technology 0.46%
5 Communication Services 0.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASG
51
Liberty All-Star Growth Fund
ASG
$341M
$9.6M 0.57%
+2,202,598
New +$11.3M
EFR
52
Eaton Vance Senior Floating-Rate Fund
EFR
$317M
$9.6M 0.57%
+772,523
New +$10.3M
MQY icon
53
BlackRock MuniYield Quality Fund
MQY
$817M
$9.24M 0.55%
+760,786
New +$9.88M
FRA icon
54
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
$9.14M 0.54%
+772,207
New +$9.95M
NRK icon
55
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$912M
$9.07M 0.54%
+780,967
New +$9.09M
ARDC
56
Are Dynamic Credit Allocation Fund
ARDC
$298M
$9.05M 0.54%
657,922
+217,219
+49% +$3.22M
NZF icon
57
Nuveen Municipal Credit Income Fund
NZF
$2.45B
$8.99M 0.54%
+676,225
New +$9.17M
GARS
58
DELISTED
Garrison Capital Inc.
GARS
$8.8M 0.52%
1,330,952
+127,487
+11% +$967K
MUI
59
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$8.7M 0.52%
689,502
+207,156
+43% +$2.61M
JGH icon
60
Nuveen Global High Income Fund
JGH
$356M
$8.23M 0.49%
600,198
+213,931
+55% +$3.11M
EGIF
61
DELISTED
Eagle Growth and Income Opportunities Fund
EGIF
$8.1M 0.48%
641,706
+24,201
+4% +$344K
SPY icon
62
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$7.88M 0.47%
31,826
-53,174
-63% -$14.3M
JMT
63
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$7.56M 0.45%
343,595
-44,543
-11% -$1.02M
VLT icon
64
Invesco High Income Trust II
VLT
$65.7M
$7.33M 0.44%
589,602
-291,978
-33% -$3.85M
NHS
65
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$7.22M 0.43%
739,342
+151,705
+26% +$1.57M
AFB
66
AllianceBernstein National Municipal Income Fund
AFB
$317M
$7M 0.42%
585,009
+238,925
+69% +$2.86M
NID
67
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
$6.91M 0.41%
557,013
+163,825
+42% +$2.01M
MSF
68
DELISTED
Morgan Stanley Emerging Mkts Fd
MSF
$6.9M 0.41%
424,446
+5,220
+1% +$85K
PMO
69
Franklin Municipal Opportunities Trust
PMO
$285M
$6.82M 0.41%
+608,056
New +$6.82M
EVF
70
Eaton Vance Senior Income Trust
EVF
$90.5M
$6.82M 0.41%
1,143,562
+69,991
+7% +$433K
ZF
71
DELISTED
Virtus Total Return Fund Inc.
ZF
$6.81M 0.41%
803,287
+378,425
+89% +$3.53M
FUND
72
Sprott Focus Trust
FUND
$307M
$6.75M 0.4%
1,169,632
+40,435
+4% +$269K
EFT
73
Eaton Vance Floating-Rate Income Trust
EFT
$288M
$6.6M 0.39%
+521,958
New +$7.12M
BGIO
74
DELISTED
BlackRock 2022 Global Income Opportunity Trust
BGIO
$6.57M 0.39%
785,137
+435,051
+124% +$3.73M
GDO
75
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.4M
$6.43M 0.38%
431,956
+283,186
+190% +$4.34M
1 2
3
4 5

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Rivernorth Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Rivernorth Capital Management held 319 positions worth $1.68B, up 40% from $1.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Rivernorth Capital Management deployed $604M of net new capital in Q4 2018, opening 106 new positions and adding to 77 existing holdings. Its largest new stake was FS KKR Capital: 1,270,668 shares worth $27.1M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $14.3M trimmed.

  • Rivernorth Capital Management's largest Q4 2018 buy was FS KKR Capital: 1,270,668 shares worth $27.1M.
  • Rivernorth Capital Management added most to Nuveen Quality Municipal Income Fund in Q4 2018, an estimated $31.7M increase.
  • Rivernorth Capital Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $14.3M.
  • Rivernorth Capital Management fully exited abrdn Total Dynamic Dividend Fund in Q4 2018, selling an estimated $25.2M.
  • Rivernorth Capital Management's ten largest holdings make up 26% of its $1.68B portfolio in Q4 2018.
  • Rivernorth Capital Management opened 106 new positions and closed 27 in Q4 2018.
  • Rivernorth Capital Management's portfolio value rose 40% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.