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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
+16.1%
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
$1.76B
AUM Growth
+$266M
Cap. Flow
+$63.5M
Cap. Flow %
3.61%
Top 10 Hldgs %
29.9%
Holding
338
New
64
Increased
73
Reduced
91
Closed
78

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$36.2M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$15.9M
3
GBDC icon
Golub Capital BDC
GBDC
+$15.4M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.3M
5
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
+$10.7M

Top Sells

Rank Stock Value
1
DUC
Duff & Phelps Utility & Corporate Bond Trust
DUC
+$18.2M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$15.2M
3
ARCC icon
Ares Capital
ARCC
+$13.1M
4
MYN icon
BlackRock MuniYield New York Quality Fund
MYN
+$13M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$12.2M

Sector Composition

Rank Sector Weight
1 Financials 5.67%
2 Technology 0.24%
3 Consumer Staples 0.2%
4 Healthcare 0.17%
5 Industrials 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PDX
51
PIMCO Dynamic Income Strategy Fund
PDX
$961M
$8.72M 0.5%
1,235,795
-933,559
-43% -$7.06M
BCX icon
52
BlackRock Resources & Commodities Strategy Trust
BCX
$962M
$8.59M 0.49%
1,401,061
-40,540
-3% -$233K
AFB
53
AllianceBernstein National Municipal Income Fund
AFB
$316M
$8.38M 0.48%
627,882
+27,163
+5% +$351K
EVM
54
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$8.37M 0.48%
752,062
+277,554
+58% +$2.99M
GLO
55
Clough Global Opportunities Fund
GLO
$257M
$8.31M 0.47%
+953,742
New +$7.67M
TEI
56
Templeton Emerging Markets Income Fund
TEI
$322M
$8.2M 0.47%
1,050,262
+424,190
+68% +$3.23M
AOD
57
abrdn Total Dynamic Dividend Fund
AOD
$1.14B
$8.13M 0.46%
1,056,079
-1,096,947
-51% -$7.98M
BSE
58
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$8.13M 0.46%
616,079
-35,023
-5% -$441K
MQT
59
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$8.04M 0.46%
627,805
+295,835
+89% +$3.64M
DTF
60
DTF Tax-Free Income 2028 Term Fund
DTF
$81.2M
$7.67M 0.44%
539,248
+151,608
+39% +$2.1M
PMO
61
Franklin Municipal Opportunities Trust
PMO
$285M
$7.62M 0.43%
595,905
-201,652
-25% -$2.48M
NQP
62
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$7.49M 0.43%
552,236
-116,165
-17% -$1.53M
KMF
63
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$7.49M 0.43%
1,652,751
+905,669
+121% +$4.03M
IQI icon
64
Invesco Quality Municipal Securities
IQI
$533M
$7.27M 0.41%
607,849
+347,556
+134% +$4.07M
NHS
65
Neuberger High Yield Strategies Fund Inc
NHS
$254M
$7.09M 0.4%
684,626
+369,418
+117% +$3.71M
AEF
66
abrdn Emerging Markets Equity Income Fund
AEF
$364M
$6.86M 0.39%
1,134,464
-45,210
-4% -$257K
BIT icon
67
BlackRock Multi-Sector Income Trust
BIT
$704M
$6.84M 0.39%
474,415
+329,672
+228% +$4.49M
PHD
68
DELISTED
Pioneer Floating Rate Fund
PHD
$6.57M 0.37%
691,072
-622,052
-47% -$5.47M
IGD
69
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$522M
$6.35M 0.36%
1,315,018
-244,142
-16% -$1.18M
BTT icon
70
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$6.34M 0.36%
266,719
+212,387
+391% +$4.89M
NKG
71
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$6.33M 0.36%
518,848
-148,383
-22% -$1.76M
PEO
72
Adams Natural Resources Fund
PEO
$765M
$6.09M 0.35%
556,909
-248,920
-31% -$2.55M
EFT
73
Eaton Vance Floating-Rate Income Trust
EFT
$288M
$6M 0.34%
525,934
+68,075
+15% +$748K
ARDC
74
Are Dynamic Credit Allocation Fund
ARDC
$299M
$5.95M 0.34%
499,111
-45,828
-8% -$515K
VKQ icon
75
Invesco Municipal Trust
VKQ
$547M
$5.9M 0.34%
501,888
-178,025
-26% -$2.06M
1 2
3
4 5

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Rivernorth Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Rivernorth Capital Management held 338 positions worth $1.76B, up 18% from $1.49B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management deployed $63.5M of net new capital in Q2 2020, opening 64 new positions and adding to 73 existing holdings. Its largest new stake was FIRST TRUST MLP AND ENERGY INCOME FUND: 1,863,762 shares worth $10.5M.

By sector, the portfolio is most concentrated in Financials at 5.7% of assets, up from 5.1% a quarter earlier, followed by Technology and Consumer Staples.

On the sell side, the largest reduction was Duff & Phelps Utility & Corporate Bond Trust, an estimated $18.2M trimmed.

  • Rivernorth Capital Management's largest Q2 2020 buy was FIRST TRUST MLP AND ENERGY INCOME FUND: 1,863,762 shares worth $10.5M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q2 2020, an estimated $36.2M increase.
  • Rivernorth Capital Management's biggest Q2 2020 reduction was Duff & Phelps Utility & Corporate Bond Trust, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited BlackRock Credit Allocation Income Trust in Q2 2020, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.76B portfolio in Q2 2020.
  • Rivernorth Capital Management opened 64 new positions and closed 78 in Q2 2020.
  • Rivernorth Capital Management's portfolio value rose 18% quarter-over-quarter to $1.76B.

Based on Rivernorth Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.