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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
+3.71%
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
$1.44B
AUM Growth
-$91.6M
Cap. Flow
-$143M
Cap. Flow %
-9.9%
Top 10 Hldgs %
32.74%
Holding
179
New
28
Increased
39
Reduced
65
Closed
38

Top Buys

Rank Stock Value
1
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$63.8M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$18.3M
3
RA
Brookfield Real Assets Income Fund
RA
+$16.3M
4
ARCC icon
Ares Capital
ARCC
+$13.6M
5
EHI
Western Asset Global High Income Fund
EHI
+$13.1M

Top Sells

Rank Stock Value
1
ACAS
American Capital Ltd
ACAS
+$43.3M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$37.1M
3
EMD
Western Asset Emerging Markets
EMD
+$28.2M
4
CHY
Calamos Convertible and High Income Fund
CHY
+$17.8M
5
PPT
Franklin Premier Income Trust
PPT
+$12.9M

Sector Composition

Rank Sector Weight
1 Financials 4.03%
2 Technology 0.2%
3 Energy 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAM
76
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$5.45M 0.38%
469,179
-38,242
-8% -$435K
NIQ
77
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$5.34M 0.37%
413,672
+37,001
+10% +$464K
SCD
78
LMP Capital and Income Fund
SCD
$358M
$5.34M 0.37%
375,348
-38,132
-9% -$531K
NZF icon
79
Nuveen Municipal Credit Income Fund
NZF
$2.45B
$5.3M 0.37%
368,594
-201,297
-35% -$2.87M
MZF
80
DELISTED
Managed Duration Inv Grd Muni Fd
MZF
$5.14M 0.36%
389,645
+324,784
+501% +$4.31M
DEX
81
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$5.11M 0.35%
465,210
+285,935
+159% +$3.02M
EAD
82
Allspring Income Opportunities Fund
EAD
$379M
$5.07M 0.35%
602,340
+286,594
+91% +$2.43M
SPE.PRB
83
DELISTED
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
$4.87M 0.34%
191,280
– –
GDX icon
84
VanEck Gold Miners ETF
GDX
$27.4B
$4.78M 0.33%
209,517
– –
EVG
85
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
$4.62M 0.32%
327,299
-166,092
-34% -$2.32M
BCX icon
86
BlackRock Resources & Commodities Strategy Trust
BCX
$923M
$4.47M 0.31%
520,148
+331,725
+176% +$2.86M
GECC icon
87
Great Elm Capital Corp
GECC
$81.7M
$4.24M 0.29%
27,812
-28,024
-50% -$1.89M
ICB
88
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$4.12M 0.29%
230,385
– –
LOR
89
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$3.79M 0.26%
356,230
+42,947
+14% +$442K
GDL
90
GDL Fund
GDL
$92.1M
$3.79M 0.26%
385,272
– –
PPT
91
Franklin Premier Income Trust
PPT
$328M
$3.74M 0.26%
710,418
-2,471,565
-78% -$12.9M
VLT icon
92
Invesco High Income Trust II
VLT
$65.7M
$3.68M 0.26%
254,870
+22,191
+10% +$321K
FTF
93
Franklin Limited Duration Income Trust
FTF
$233M
$3.59M 0.25%
299,828
-872,646
-74% -$10.5M
OHAI
94
DELISTED
OHA Investment Corporation
OHAI
$3.49M 0.24%
2,264,826
+121,400
+6% +$213K
VKQ icon
95
Invesco Municipal Trust
VKQ
$551M
$3.38M 0.23%
270,076
-222,963
-45% -$2.78M
BRW
96
Saba Capital Income & Opportunities Fund
BRW
$339M
$3.38M 0.23%
311,993
-464,798
-60% -$5.14M
JMT
97
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$3.28M 0.23%
138,035
-1,411
-1% -$33K
SPE
98
Special Opportunities Fund
SPE
$144M
$3.21M 0.22%
230,167
-7,084
-3% -$96.8K
EIM
99
Eaton Vance Municipal Bond Fund
EIM
$499M
$3.21M 0.22%
255,880
-5,100
-2% -$63.7K
BGY icon
100
BlackRock Enhanced International Dividend Trust
BGY
$529M
$2.95M 0.2%
+508,791
New +$2.9M
2 3
4
5 6

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Rivernorth Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Rivernorth Capital Management held 179 positions worth $1.44B, down 6% from $1.53B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Rivernorth Capital Management withdrew a net $143M in Q1 2017, closing 38 positions and reducing 65 holdings. Its most notable exit was American Capital Ltd, an estimated $43.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4% of assets, down from 5% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in Western Asset Emerging Markets Debt Fund worth $64.7M.

  • Rivernorth Capital Management's largest Q1 2017 buy was Western Asset Emerging Markets Debt Fund: 4,171,753 shares worth $64.7M.
  • Rivernorth Capital Management added most to Western Asset High Income Opportunity Fund in Q1 2017, an estimated $18.3M increase.
  • Rivernorth Capital Management's biggest Q1 2017 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $37.1M.
  • Rivernorth Capital Management fully exited American Capital Ltd in Q1 2017, selling an estimated $43.3M.
  • Rivernorth Capital Management's ten largest holdings make up 33% of its $1.44B portfolio in Q1 2017.
  • Rivernorth Capital Management opened 28 new positions and closed 38 in Q1 2017.
  • Rivernorth Capital Management's portfolio value fell 6% quarter-over-quarter to $1.44B.

Based on Rivernorth Capital Management's 13F filing for Q1 2017, filed 15 May 2017.