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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
+4.37%
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
$1.38B
AUM Growth
-$169M
Cap. Flow
-$230M
Cap. Flow %
-16.68%
Top 10 Hldgs %
26.9%
Holding
161
New
12
Increased
41
Reduced
71
Closed
22

Top Buys

Rank Stock Value
1
PPT
Franklin Premier Income Trust
PPT
+$7.88M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$7.58M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.54M
4
SPE.PRB
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
+$5.33M
5
JGV
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
+$4.58M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$73.2M
2
ACG
AllianceBernstein Income Fund Inc
ACG
+$39.4M
3
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$20.9M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.4M
5
OCSI
Oaktree Strategic Income Corporation
OCSI
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 3.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LCM
76
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
$5.67M 0.41%
679,452
+57,697
+9% +$484K
EVF
77
Eaton Vance Senior Income Trust
EVF
$90.5M
$5.56M 0.4%
863,252
-154,886
-15% -$963K
GDX icon
78
VanEck Gold Miners ETF
GDX
$27.4B
$5.54M 0.4%
209,517
– –
FAM
79
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$5.52M 0.4%
468,449
-102,065
-18% -$1.19M
SPE.PRB
80
DELISTED
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
$5.36M 0.39%
+207,430
New +$5.33M
GLV
81
Clough Global Dividend & Income Fund
GLV
$78.1M
$5.32M 0.39%
438,683
+1,001
+0.2% +$12K
SBW
82
DELISTED
Western Asset Worldwide Income
SBW
$5.02M 0.36%
432,510
+31,737
+8% +$366K
CIK
83
Credit Suisse Asset Management Income Fund
CIK
$134M
$4.81M 0.35%
1,532,763
-241,626
-14% -$737K
ACP
84
abrdn Income Credit Strategies Fund
ACP
$637M
$4.81M 0.35%
382,856
-38,774
-9% -$468K
BGH
85
Barings Global Short Duration High Yield Fund
BGH
$287M
$4.73M 0.34%
254,019
-295,221
-54% -$5.46M
FRA icon
86
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
$4.61M 0.34%
332,786
-14,800
-4% -$200K
IGR
87
CBRE Global Real Estate Income Fund
IGR
$713M
$4.41M 0.32%
525,117
-176,077
-25% -$1.48M
KHI
88
DELISTED
Deutsche High Income Trust
KHI
$4.37M 0.32%
473,923
-13,841
-3% -$126K
ICB
89
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$4.36M 0.32%
230,385
– –
CIF
90
DELISTED
MFS Intermediate High Income Fund
CIF
$4.29M 0.31%
1,669,713
+179,420
+12% +$456K
FULL
91
DELISTED
Full Circle Capital Corporation
FULL
$4.28M 0.31%
1,620,992
+7,000
+0.4% +$18.5K
AWP
92
abrdn Global Premier Properties Fund
AWP
$367M
$4.24M 0.31%
+254,790
New +$4.31M
FSAM
93
DELISTED
Fifth Street Asset Management Inc. Class A
FSAM
$4.04M 0.29%
+732,666
New +$3.6M
HHY
94
DELISTED
Brookfield High Income Fund Inc.
HHY
$3.96M 0.29%
540,922
+65,554
+14% +$484K
GARS
95
DELISTED
Garrison Capital Inc.
GARS
$3.93M 0.29%
387,780
+93,941
+32% +$979K
GDL
96
GDL Fund
GDL
$92.1M
$3.82M 0.28%
383,472
-2,992
-0.8% -$29.8K
IWM icon
97
iShares Russell 2000 ETF
IWM
$81.9B
$3.73M 0.27%
30,000
– –
RMT
98
Royce Micro-Cap Trust
RMT
$761M
$3.61M 0.26%
+462,375
New +$3.58M
EHI
99
Western Asset Global High Income Fund
EHI
$178M
$3.4M 0.25%
333,455
-3,564
-1% -$35.9K
ABE
100
DELISTED
Aberdeen Emerging Markets Smaller Company Opportunities Fund
ABE
$3.4M 0.25%
268,587
– –
2 3
4
5 6

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Rivernorth Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Rivernorth Capital Management held 161 positions worth $1.38B, down 11% from $1.55B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $230M in Q3 2016, closing 22 positions and reducing 71 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $39.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.5% of assets, down from 4.6% a quarter earlier.

Against the trend, Rivernorth Capital Management opened a new position in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B worth $5.36M.

  • Rivernorth Capital Management's largest Q3 2016 buy was Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B: 207,430 shares worth $5.36M.
  • Rivernorth Capital Management added most to Franklin Premier Income Trust in Q3 2016, an estimated $7.88M increase.
  • Rivernorth Capital Management's biggest Q3 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $73.2M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q3 2016, selling an estimated $39.4M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.38B portfolio in Q3 2016.
  • Rivernorth Capital Management opened 12 new positions and closed 22 in Q3 2016.
  • Rivernorth Capital Management's portfolio value fell 11% quarter-over-quarter to $1.38B.

Based on Rivernorth Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.