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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
-16.65%
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
$1.49B
AUM Growth
-$173M
Cap. Flow
+$140M
Cap. Flow %
9.39%
Top 10 Hldgs %
27.23%
Holding
322
New
59
Increased
70
Reduced
57
Closed
50

Top Buys

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$21.2M
2
ARCC icon
Ares Capital
ARCC
+$20.4M
3
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$19.5M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$18.5M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$17.1M

Top Sells

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$26M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$20.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$16.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$15M
5
GLO
Clough Global Opportunities Fund
GLO
+$11.5M

Sector Composition

Rank Sector Weight
1 Financials 5.06%
2 Technology 0.39%
3 Communication Services 0.38%
4 Healthcare 0.29%
5 Industrials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EAD
51
Allspring Income Opportunities Fund
EAD
$381M
$7.75M 0.52%
+1,214,449
New +$9.46M
AFB
52
AllianceBernstein National Municipal Income Fund
AFB
$315M
$7.66M 0.51%
600,719
-137,149
-19% -$1.88M
BCX icon
53
BlackRock Resources & Commodities Strategy Trust
BCX
$964M
$7.27M 0.49%
1,441,601
+1,103,797
+327% +$7.52M
IGD
54
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$524M
$7.11M 0.48%
1,559,160
+1,023,614
+191% +$5.82M
JGH icon
55
Nuveen Global High Income Fund
JGH
$356M
$6.83M 0.46%
610,577
+21,799
+4% +$330K
NKX icon
56
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$663M
$6.67M 0.45%
470,730
+336,430
+251% +$5.1M
FCT
57
First Trust Senior Floating Rate Income Fund II
FCT
$6.5M 0.44%
682,997
+19,018
+3% +$221K
PEO
58
Adams Natural Resources Fund
PEO
$774M
$6.43M 0.43%
805,829
+535,087
+198% +$6.81M
AIO
59
Virtus Artificial Intelligence & Technology Opportunities Fund
AIO
$906M
$6.31M 0.42%
+394,363
New +$7.3M
OCSL icon
60
Oaktree Specialty Lending
OCSL
$1.13B
$6.28M 0.42%
+646,178
New +$9.43M
EDD
61
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$382M
$6.2M 0.42%
+1,190,056
New +$7.66M
BFZ
62
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$6.12M 0.41%
482,428
-155,057
-24% -$2.1M
AEF
63
abrdn Emerging Markets Equity Income Fund
AEF
$371M
$6.11M 0.41%
1,179,674
+255,763
+28% +$1.77M
NMY
64
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$6.04M 0.4%
478,094
-15,148
-3% -$203K
HIX
65
Western Asset High Income Fund II
HIX
$355M
$5.91M 0.4%
1,178,625
+859,630
+269% +$5.42M
ARDC
66
Are Dynamic Credit Allocation Fund
ARDC
$298M
$5.88M 0.39%
544,939
-33,617
-6% -$480K
NBO
67
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$5.82M 0.39%
503,408
+5,826
+1% +$72.1K
IPV.U
68
DELISTED
InterPrivate Acquisition Corp. Units, each consisting of one share of common stock, $.0001 par value
IPV.U
$5.59M 0.37%
+300,000
New +$3.01M
SWZ
69
Swiss Helvetia Fund
SWZ
$77.1M
$5.49M 0.37%
789,381
-91,753
-10% -$737K
DTF
70
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$5.41M 0.36%
387,640
+302,107
+353% +$4.44M
GNRSU
71
DELISTED
Greenrose Acquisition Corp. Unit
GNRSU
$5.29M 0.35%
+300,000
New +$2.95M
EVM
72
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$5.01M 0.34%
474,508
-234,340
-33% -$2.65M
ANDAU
73
DELISTED
Andina Acquisition Corp. III Unit
ANDAU
$5M 0.33%
300,000
– –
DMYT.U
74
DELISTED
dMY Technology Group, Inc. Units, each consisting of one share of Class A Common Stock and one-half
DMYT.U
$4.91M 0.33%
+250,000
New +$2.5M
GLQ
75
Clough Global Equity Fund
GLQ
$157M
$4.83M 0.32%
545,289
+113,552
+26% +$1.31M
1 2
3
4 5

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Rivernorth Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Rivernorth Capital Management held 322 positions worth $1.49B, down 10% from $1.67B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management deployed $140M of net new capital in Q1 2020, opening 59 new positions and adding to 70 existing holdings. Its largest new stake was Ares Capital: 1,211,881 shares worth $13.1M.

By sector, the portfolio is most concentrated in Financials at 5.1% of assets, up from 2.4% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was BlackRock Credit Allocation Income Trust, an estimated $26M trimmed.

  • Rivernorth Capital Management's largest Q1 2020 buy was Ares Capital: 1,211,881 shares worth $13.1M.
  • Rivernorth Capital Management added most to Golub Capital BDC in Q1 2020, an estimated $21.2M increase.
  • Rivernorth Capital Management's biggest Q1 2020 reduction was BlackRock Credit Allocation Income Trust, cutting an estimated $26M.
  • Rivernorth Capital Management fully exited Clough Global Opportunities Fund in Q1 2020, selling an estimated $11.5M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.49B portfolio in Q1 2020.
  • Rivernorth Capital Management opened 59 new positions and closed 50 in Q1 2020.
  • Rivernorth Capital Management's portfolio value fell 10% quarter-over-quarter to $1.49B.

Based on Rivernorth Capital Management's 13F filing for Q1 2020, filed 18 May 2020.