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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
+8.69%
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
$1.52B
AUM Growth
-$160M
Cap. Flow
-$284M
Cap. Flow %
-18.72%
Top 10 Hldgs %
30.38%
Holding
315
New
23
Increased
46
Reduced
77
Closed
81

Top Buys

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$10.6M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$10.6M
3
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$8.55M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.34M
5
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$7.1M

Top Sells

Rank Stock Value
1
FSK icon
FS KKR Capital
FSK
+$17.4M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$15.2M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$14.8M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.1M
5
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 3.18%
2 Consumer Discretionary 0.9%
3 Technology 0.67%
4 Healthcare 0.37%
5 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EIM
51
Eaton Vance Municipal Bond Fund
EIM
$498M
$8.71M 0.57%
702,819
+408,124
+138% +$4.8M
ARDC
52
Are Dynamic Credit Allocation Fund
ARDC
$300M
$8.64M 0.57%
582,107
-75,815
-12% -$1.11M
AKP
53
DELISTED
Alliance Californa Muni Fd
AKP
$8.63M 0.57%
584,013
-244,316
-29% -$3.48M
CBH
54
DELISTED
Virtus Convertible & Income 2024 Target Term Fund
CBH
$8.6M 0.57%
955,749
-682,306
-42% -$6.04M
GARS
55
DELISTED
Garrison Capital Inc.
GARS
$8.54M 0.56%
1,189,066
-141,886
-11% -$1.04M
FRA icon
56
BlackRock Floating Rate Income Strategies Fund
FRA
$388M
$8.52M 0.56%
681,219
-90,988
-12% -$1.15M
BGT icon
57
BlackRock Floating Rate Income Trust
BGT
$328M
$8.39M 0.55%
687,173
+181,482
+36% +$2.22M
KYN icon
58
Kayne Anderson Energy Infrastructure Fund
KYN
$2.45B
$8.35M 0.55%
520,664
-435,042
-46% -$6.83M
MSD
59
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$8.1M 0.53%
901,223
-303,302
-25% -$2.69M
AEF
60
abrdn Emerging Markets Equity Income Fund
AEF
$367M
$7.93M 0.52%
1,090,233
+152,785
+16% +$1.08M
FCT
61
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$7.78M 0.51%
658,037
+295,867
+82% +$3.51M
FUND
62
Sprott Focus Trust
FUND
$311M
$7.59M 0.5%
1,115,271
-54,361
-5% -$361K
BFZ
63
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$7.59M 0.5%
591,551
+155,523
+36% +$1.96M
EVM
64
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$7.14M 0.47%
676,854
+67,287
+11% +$700K
BLW icon
65
BlackRock Limited Duration Income Trust
BLW
$492M
$6.99M 0.46%
475,181
+31,424
+7% +$453K
PRF icon
66
Invesco FTSE RAFI US 1000 ETF
PRF
$10B
$6.96M 0.46%
307,095
– –
TEI
67
Templeton Emerging Markets Income Fund
TEI
$322M
$6.85M 0.45%
668,568
-1,097,760
-62% -$11.3M
EVF
68
Eaton Vance Senior Income Trust
EVF
$91.6M
$6.74M 0.44%
1,095,165
-48,397
-4% -$297K
MCA
69
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$6.58M 0.43%
488,489
+246,342
+102% +$3.25M
TLI
70
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$6.1M 0.4%
644,279
+12,168
+2% +$115K
MHI
71
DELISTED
Pioneer Municipal High Income Fund
MHI
$5.61M 0.37%
469,503
+6,259
+1% +$71.7K
MUC icon
72
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$5.58M 0.37%
420,866
+221,743
+111% +$2.88M
AFB
73
AllianceBernstein National Municipal Income Fund
AFB
$316M
$5.57M 0.37%
430,309
-154,700
-26% -$1.96M
JMT
74
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$5.52M 0.36%
245,169
-98,426
-29% -$2.2M
NID
75
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
$5.51M 0.36%
419,263
-137,750
-25% -$1.77M
1 2
3
4 5

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Rivernorth Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Rivernorth Capital Management held 315 positions worth $1.52B, down 9.6% from $1.68B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $284M in Q1 2019, closing 81 positions and reducing 77 holdings. Its most notable exit was Nuveen Preferred & Income Securities Fund, an estimated $15.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.2% of assets, down from 4.3% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniYield Quality Fund III worth $8.83M.

  • Rivernorth Capital Management's largest Q1 2019 buy was BlackRock MuniYield Quality Fund III: 683,169 shares worth $8.83M.
  • Rivernorth Capital Management added most to Western Asset Global High Income Fund in Q1 2019, an estimated $10.6M increase.
  • Rivernorth Capital Management's biggest Q1 2019 reduction was FS KKR Capital, cutting an estimated $17.4M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q1 2019, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.52B portfolio in Q1 2019.
  • Rivernorth Capital Management opened 23 new positions and closed 81 in Q1 2019.
  • Rivernorth Capital Management's portfolio value fell 9.6% quarter-over-quarter to $1.52B.

Based on Rivernorth Capital Management's 13F filing for Q1 2019, filed 15 May 2019.