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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
+2.65%
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
$1.62B
AUM Growth
-$143M
Cap. Flow
-$274M
Cap. Flow %
-16.98%
Top 10 Hldgs %
30.32%
Holding
425
New
161
Increased
45
Reduced
86
Closed
91

Top Buys

Rank Stock Value
1
HIX
Western Asset High Income Fund II
HIX
+$16.6M
2
OCSL icon
Oaktree Specialty Lending
OCSL
+$13.7M
3
BCSF icon
Bain Capital Specialty
BCSF
+$11M
4
FIV
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
+$9.21M
5
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$8.1M

Top Sells

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$31.3M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$26M
3
HFRO
Highland Opportunities and Income Fund
HFRO
+$17.9M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$17.2M
5
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$14.9M

Sector Composition

Rank Sector Weight
1 Financials 8.07%
2 Technology 1.29%
3 Consumer Discretionary 1%
4 Industrials 0.91%
5 Healthcare 0.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MQT
51
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$8.21M 0.51%
627,805
– –
VVR icon
52
Invesco Senior Income Trust
VVR
$460M
$8.11M 0.5%
2,214,961
-3,086,833
-58% -$11M
BCX icon
53
BlackRock Resources & Commodities Strategy Trust
BCX
$964M
$7.67M 0.48%
1,289,899
-111,162
-8% -$705K
AEF
54
abrdn Emerging Markets Equity Income Fund
AEF
$371M
$7.58M 0.47%
1,169,670
+35,206
+3% +$231K
IQI icon
55
Invesco Quality Municipal Securities
IQI
$534M
$7.51M 0.47%
607,949
+100
+0% +$1.24K
NMY
56
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$7.26M 0.45%
551,471
+146,175
+36% +$1.94M
NQP
57
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$7.25M 0.45%
539,463
-12,773
-2% -$176K
PDX
58
PIMCO Dynamic Income Strategy Fund
PDX
$961M
$7.18M 0.44%
1,160,586
-75,209
-6% -$521K
AOD
59
abrdn Total Dynamic Dividend Fund
AOD
$1.13B
$7.08M 0.44%
892,085
-163,994
-16% -$1.31M
ARDC
60
Are Dynamic Credit Allocation Fund
ARDC
$298M
$6.89M 0.43%
543,734
+44,623
+9% +$559K
NHS
61
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$6.87M 0.43%
619,114
-65,512
-10% -$724K
KMF
62
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$6.72M 0.42%
1,667,955
+15,204
+0.9% +$67.9K
EVM
63
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$6.65M 0.41%
585,300
-166,762
-22% -$1.92M
HGLB
64
Highland Global Allocation Fund
HGLB
$177M
$6.61M 0.41%
1,065,678
-315,441
-23% -$2.03M
FRA icon
65
BlackRock Floating Rate Income Strategies Fund
FRA
$391M
$6.43M 0.4%
559,213
-490,743
-47% -$5.65M
EFT
66
Eaton Vance Floating-Rate Income Trust
EFT
$289M
$6.4M 0.4%
539,062
+13,128
+2% +$155K
NKX icon
67
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$663M
$6.29M 0.39%
411,834
-470,738
-53% -$7.23M
RMT
68
Royce Micro-Cap Trust
RMT
$764M
$6.19M 0.38%
806,826
+22,023
+3% +$171K
VKI icon
69
Invesco Advantage Municipal Income Trust II
VKI
$398M
$5.64M 0.35%
522,088
-21,941
-4% -$239K
MSD
70
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$5.35M 0.33%
637,852
+285,108
+81% +$2.46M
VKQ icon
71
Invesco Municipal Trust
VKQ
$545M
$5.25M 0.33%
437,051
-64,837
-13% -$796K
BQH
72
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$5.17M 0.32%
326,873
+52,279
+19% +$832K
MUE
73
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$5.05M 0.31%
396,772
– –
NKG
74
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$5.05M 0.31%
414,303
-104,545
-20% -$1.3M
MYN icon
75
BlackRock MuniYield New York Quality Fund
MYN
$376M
$5.05M 0.31%
397,344
-1,400
-0.4% -$18.2K
1 2
3
4 5

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Rivernorth Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Rivernorth Capital Management held 425 positions worth $1.62B, down 8.2% from $1.76B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $274M in Q3 2020, closing 91 positions and reducing 86 holdings. Its most notable exit was Virtus Dividend, Interest & Premium Strategy Fund, an estimated $8.76M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 5.7% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in First Eagle Senior Loan Fund worth $4.55M.

  • Rivernorth Capital Management's largest Q3 2020 buy was First Eagle Senior Loan Fund: 367,079 shares worth $4.55M.
  • Rivernorth Capital Management added most to Western Asset High Income Fund II in Q3 2020, an estimated $16.6M increase.
  • Rivernorth Capital Management's biggest Q3 2020 reduction was Golub Capital BDC, cutting an estimated $31.3M.
  • Rivernorth Capital Management fully exited Virtus Dividend, Interest & Premium Strategy Fund in Q3 2020, selling an estimated $8.76M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.62B portfolio in Q3 2020.
  • Rivernorth Capital Management opened 161 new positions and closed 91 in Q3 2020.
  • Rivernorth Capital Management's portfolio value fell 8.2% quarter-over-quarter to $1.62B.

Based on Rivernorth Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.