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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
+9.74%
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
$1.68B
AUM Growth
+$69.2M
Cap. Flow
-$146M
Cap. Flow %
-8.69%
Top 10 Hldgs %
29%
Holding
496
New
162
Increased
49
Reduced
116
Closed
141

Top Buys

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$35.8M
2
NMCO icon
Nuveen Municipal Credit Opportunities Fund
NMCO
+$25.9M
3
VVR icon
Invesco Senior Income Trust
VVR
+$19.6M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$17M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$16.2M

Top Sells

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$53.9M
2
HIX
Western Asset High Income Fund II
HIX
+$28.4M
3
HIO
Western Asset High Income Opportunity Fund
HIO
+$20.8M
4
PHD
Pioneer Floating Rate Fund
PHD
+$15M
5
BFZ
BlackRock CA Municipal Income Trust
BFZ
+$14.6M

Sector Composition

Rank Sector Weight
1 Financials 11.15%
2 Healthcare 0.76%
3 Technology 0.75%
4 Consumer Discretionary 0.62%
5 Industrials 0.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MAV
51
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$9.64M 0.57%
827,327
+775,170
+1,486% +$8.74M
FIV
52
DELISTED
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
$9.42M 0.56%
1,048,094
-147,195
-12% -$1.28M
CHI
53
Calamos Convertible Opportunities and Income Fund
CHI
$1.06B
$9.35M 0.56%
690,328
+364,249
+112% +$4.48M
NVG icon
54
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$9.05M 0.54%
539,640
-827,953
-61% -$13.3M
MQT
55
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$8.75M 0.52%
626,016
-1,789
-0.3% -$24.1K
IQI icon
56
Invesco Quality Municipal Securities
IQI
$534M
$7.96M 0.47%
610,476
+2,527
+0.4% +$31.7K
SOR
57
Source Capital
SOR
$385M
$7.94M 0.47%
199,020
-166,607
-46% -$6.43M
DUC
58
DELISTED
Duff & Phelps Utility & Corporate Bond Trust
DUC
$7.94M 0.47%
792,473
+364,832
+85% +$3.46M
DTF
59
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$7.93M 0.47%
532,312
-84,842
-14% -$1.24M
ARDC
60
Are Dynamic Credit Allocation Fund
ARDC
$299M
$7.69M 0.46%
538,316
-5,418
-1% -$72.1K
OCSI
61
DELISTED
Oaktree Strategic Income Corporation
OCSI
$7.6M 0.45%
+980,887
New +$7.02M
BIT icon
62
BlackRock Multi-Sector Income Trust
BIT
$703M
$7M 0.42%
399,340
+207,365
+108% +$3.42M
BGH
63
Barings Global Short Duration High Yield Fund
BGH
$286M
$6.87M 0.41%
455,439
+364,251
+399% +$5.09M
EVM
64
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$6.77M 0.4%
576,303
-8,997
-2% -$104K
EMO
65
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.05B
$6.75M 0.4%
+502,224
New +$5.94M
GLO
66
Clough Global Opportunities Fund
GLO
$257M
$6.69M 0.4%
602,189
-393,917
-40% -$3.98M
DIAX
67
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
$6.59M 0.39%
+433,875
New +$6.2M
BSE
68
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$6.19M 0.37%
454,270
-184,010
-29% -$2.44M
VKQ icon
69
Invesco Municipal Trust
VKQ
$545M
$6.1M 0.36%
476,013
+38,962
+9% +$484K
AVK
70
Advent Convertible and Income Fund
AVK
$568M
$6.07M 0.36%
377,069
+57,182
+18% +$842K
AEF
71
abrdn Emerging Markets Equity Income Fund
AEF
$370M
$5.99M 0.36%
734,462
-435,208
-37% -$3.18M
HIE
72
DELISTED
Miller/Howard High Income Equity Fund
HIE
$5.59M 0.33%
+721,461
New +$5.06M
JRO
73
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$5.47M 0.32%
631,651
+367,295
+139% +$3.06M
FEN
74
DELISTED
First Trust Energy Income and Growth Fund
FEN
$5.4M 0.32%
504,782
+26,153
+5% +$271K
MYN icon
75
BlackRock MuniYield New York Quality Fund
MYN
$376M
$5.2M 0.31%
390,941
-6,403
-2% -$83K
1 2
3
4 5

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Rivernorth Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Rivernorth Capital Management held 496 positions worth $1.68B, up 4.3% from $1.62B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $146M in Q4 2020, closing 141 positions and reducing 116 holdings. Its most notable exit was Western Asset Global High Income Fund, an estimated $53.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 8.1% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Blue Owl Capital worth $35.7M.

  • Rivernorth Capital Management's largest Q4 2020 buy was Blue Owl Capital: 2,823,663 shares worth $35.7M.
  • Rivernorth Capital Management added most to Invesco Senior Income Trust in Q4 2020, an estimated $19.6M increase.
  • Rivernorth Capital Management's biggest Q4 2020 reduction was Western Asset High Income Opportunity Fund, cutting an estimated $20.8M.
  • Rivernorth Capital Management fully exited Western Asset Global High Income Fund in Q4 2020, selling an estimated $53.9M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $1.68B portfolio in Q4 2020.
  • Rivernorth Capital Management opened 162 new positions and closed 141 in Q4 2020.
  • Rivernorth Capital Management's portfolio value rose 4.3% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.