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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
+2.06%
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
$1.67B
AUM Growth
-$17.3M
Cap. Flow
-$148M
Cap. Flow %
-8.89%
Top 10 Hldgs %
31.26%
Holding
591
New
236
Increased
60
Reduced
68
Closed
132

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$46.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$14.7M
3
HIO
Western Asset High Income Opportunity Fund
HIO
+$10.6M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$8.71M
5
EIM
Eaton Vance Municipal Bond Fund
EIM
+$8.12M

Top Sells

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$36.1M
2
NMCO icon
Nuveen Municipal Credit Opportunities Fund
NMCO
+$26.9M
3
BCSF icon
Bain Capital Specialty
BCSF
+$26.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$20.3M
5
NUM
Nuveen Michigan Quality Municipal Income Fund
NUM
+$16.9M

Sector Composition

Rank Sector Weight
1 Financials 8%
2 Healthcare 0.99%
3 Consumer Discretionary 0.78%
4 Technology 0.76%
5 Industrials 0.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXDT
51
NexPoint Diversified Real Estate Trust
NXDT
$254M
$8.2M 0.49%
719,830
-561,083
-44% -$6.38M
BFZ
52
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$8.1M 0.49%
+564,287
New +$7.98M
FRA icon
53
BlackRock Floating Rate Income Strategies Fund
FRA
$391M
$7.91M 0.47%
608,393
-443,223
-42% -$5.66M
MQT
54
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$7.76M 0.47%
558,802
-67,214
-11% -$942K
MCI
55
Barings Corporate Investors
MCI
$339M
$7.74M 0.46%
555,542
+177,359
+47% +$2.4M
NKX icon
56
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$663M
$7.63M 0.46%
493,719
+345,490
+233% +$5.32M
NDMO icon
57
Nuveen Dynamic Municipal Opportunities Fund
NDMO
$602M
$7.34M 0.44%
454,451
+399,316
+724% +$6.33M
NAN icon
58
Nuveen New York Quality Municipal Income Fund
NAN
$371M
$7M 0.42%
490,955
+344,515
+235% +$4.88M
JGH icon
59
Nuveen Global High Income Fund
JGH
$356M
$6.99M 0.42%
451,665
-188,293
-29% -$2.9M
KTF
60
DWS Municipal Income Trust
KTF
$352M
$6.92M 0.41%
593,576
+467,877
+372% +$5.41M
DTF
61
DTF Tax-Free Income 2028 Term Fund
DTF
$80.8M
$6.56M 0.39%
457,388
-74,924
-14% -$1.08M
AEF
62
abrdn Emerging Markets Equity Income Fund
AEF
$372M
$6.38M 0.38%
737,533
+3,071
+0.4% +$26.7K
TYG
63
Tortoise Energy Infrastructure Corp
TYG
$1.09B
$6.03M 0.36%
246,588
+191,622
+349% +$4.5M
EFR
64
Eaton Vance Senior Floating-Rate Fund
EFR
$319M
$5.81M 0.35%
+421,089
New +$5.67M
DSU icon
65
BlackRock Debt Strategies Fund
DSU
$602M
$5.59M 0.34%
507,856
-988,469
-66% -$10.6M
PDO
66
PIMCO Dynamic Income Opportunities Fund
PDO
$1.87B
$5.57M 0.33%
+277,597
New +$5.64M
NQP
67
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$5.52M 0.33%
384,411
+117,442
+44% +$1.67M
MPV
68
Barings Participation Investors
MPV
$175M
$5.29M 0.32%
409,429
+84,582
+26% +$1.04M
MYN icon
69
BlackRock MuniYield New York Quality Fund
MYN
$376M
$5.25M 0.31%
390,141
-800
-0.2% -$10.7K
SOR
70
Source Capital
SOR
$383M
$5.07M 0.3%
115,867
-83,153
-42% -$3.49M
DHF
71
BNY Mellon High Yield Strategies Fund
DHF
$172M
$5M 0.3%
1,617,071
-24,537
-1% -$74.1K
ARDC
72
Are Dynamic Credit Allocation Fund
ARDC
$299M
$4.83M 0.29%
321,589
-216,727
-40% -$3.21M
MUE
73
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$4.8M 0.29%
358,314
-16,879
-4% -$226K
VKI icon
74
Invesco Advantage Municipal Income Trust II
VKI
$399M
$4.21M 0.25%
355,236
-848,611
-70% -$9.84M
MFL
75
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$4.08M 0.24%
+285,520
New +$4.06M
1 2
3
4 5

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Rivernorth Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Rivernorth Capital Management held 591 positions worth $1.67B, down 1% from $1.68B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $148M in Q1 2021, closing 132 positions and reducing 68 holdings. Its most notable exit was Nuveen Municipal Credit Opportunities Fund, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 11% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniHoldings Fund worth $14.6M.

  • Rivernorth Capital Management's largest Q1 2021 buy was BlackRock MuniHoldings Fund: 911,692 shares worth $14.6M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q1 2021, an estimated $46.7M increase.
  • Rivernorth Capital Management's biggest Q1 2021 reduction was Blue Owl Capital, cutting an estimated $36.1M.
  • Rivernorth Capital Management fully exited Nuveen Municipal Credit Opportunities Fund in Q1 2021, selling an estimated $26.9M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.67B portfolio in Q1 2021.
  • Rivernorth Capital Management opened 236 new positions and closed 132 in Q1 2021.
  • Rivernorth Capital Management's portfolio value fell 1% quarter-over-quarter to $1.67B.

Based on Rivernorth Capital Management's 13F filing for Q1 2021, filed 17 May 2021.