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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
+0.81%
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
$22M
AUM Growth
+$19.7M
Cap. Flow
+$203M
Cap. Flow %
924.46%
Top 10 Hldgs %
88.42%
Holding
291
New
48
Increased
64
Reduced
62
Closed
33

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.9M
4
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$17.8M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$13.7M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
4
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M
5
CRF
Cornerstone Total Return Fund
CRF
+$6.24M

Sector Composition

Rank Sector Weight
1 Financials 0.2%
2 Consumer Discretionary 0.03%
3 Communication Services 0.03%
4 Healthcare 0.03%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NHS
51
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$11K 0.05%
915,336
-371,883
-29% -$4.39M
JFR icon
52
Nuveen Floating Rate Income Fund
JFR
$1.25B
$10.8K 0.05%
1,106,089
-509,344
-32% -$4.93M
GLO
53
Clough Global Opportunities Fund
GLO
$259M
$10.7K 0.05%
1,174,797
+10,379
+0.9% +$97.1K
AWF
54
AllianceBernstein Global High Income Fund
AWF
$872M
$10.7K 0.05%
892,986
-57,512
-6% -$682K
VLT icon
55
Invesco High Income Trust II
VLT
$66M
$10.5K 0.05%
731,855
-30,065
-4% -$433K
HYI
56
Western Asset High Yield Opportunity Fund Inc
HYI
$135M
$10.4K 0.05%
689,265
-208,473
-23% -$3.17M
BFZ
57
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$10.4K 0.05%
762,626
+200,572
+36% +$2.73M
AFB
58
AllianceBernstein National Municipal Income Fund
AFB
$316M
$9.96K 0.05%
723,005
+292,696
+68% +$4M
NUO
59
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$9.87K 0.05%
625,742
+83,984
+16% +$1.3M
AVK
60
Advent Convertible and Income Fund
AVK
$566M
$9.8K 0.04%
690,645
-69,276
-9% -$989K
NNC
61
DELISTED
Nuveen North Carolina Quality Municipal Income Fund
NNC
$9.68K 0.04%
716,751
+337,408
+89% +$4.57M
EFR
62
Eaton Vance Senior Floating-Rate Fund
EFR
$319M
$9.61K 0.04%
737,206
-174,884
-19% -$2.28M
BYM
63
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$9.42K 0.04%
665,983
+402,005
+152% +$5.64M
SPY icon
64
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$9.26K 0.04%
31,196
-3,325
-10% -$982K
JGH icon
65
Nuveen Global High Income Fund
JGH
$357M
$9.22K 0.04%
592,348
-7,850
-1% -$120K
DEX
66
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$8.99K 0.04%
911,362
-16,752
-2% -$164K
EFF
67
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$8.8K 0.04%
578,820
+486,171
+525% +$7.37M
BTT icon
68
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$8.61K 0.04%
363,854
+269,344
+285% +$6.36M
EVM
69
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$8.06K 0.04%
711,801
+252,450
+55% +$2.86M
GARS
70
DELISTED
Garrison Capital Inc.
GARS
$8.02K 0.04%
1,159,976
+52,268
+5% +$366K
ARDC
71
Are Dynamic Credit Allocation Fund
ARDC
$301M
$7.96K 0.04%
534,193
-45,414
-8% -$686K
VKQ icon
72
Invesco Municipal Trust
VKQ
$547M
$7.84K 0.04%
620,726
+572,022
+1,174% +$7.22M
PHD
73
DELISTED
Pioneer Floating Rate Fund
PHD
$7.74K 0.04%
735,307
+36,558
+5% +$384K
NTC
74
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$7.73K 0.04%
575,998
+222,172
+63% +$2.97M
MCA
75
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$7.68K 0.03%
533,467
+119,532
+29% +$1.71M
1 2
3
4 5

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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $22M, up 856% from $2.3M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Rivernorth Capital Management deployed $203M of net new capital in Q3 2019, opening 48 new positions and adding to 64 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.

By sector, the portfolio is most concentrated in Financials at 0.2% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Allspring Income Opportunities Fund, an estimated $10.3M trimmed.

  • Rivernorth Capital Management's largest Q3 2019 buy was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2019, an estimated $29.4M increase.
  • Rivernorth Capital Management's biggest Q3 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $10.3M.
  • Rivernorth Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2019, selling an estimated $16.9K.
  • Rivernorth Capital Management's ten largest holdings make up 88% of its $22M portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value rose 856% quarter-over-quarter to $22M.

Based on Rivernorth Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.