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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
-8.99%
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
+$480M
Cap. Flow
+$604M
Cap. Flow %
36.01%
Top 10 Hldgs %
26.1%
Holding
319
New
106
Increased
77
Reduced
26
Closed
27

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$31.7M
2
FSK icon
FS KKR Capital
FSK
+$31.6M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.7M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$19.7M
5
HFRO
Highland Opportunities and Income Fund
HFRO
+$19.2M

Top Sells

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$25.2M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.3M
3
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$10.1M
4
WIA
Western Asset Inflation-Linked Income Fund
WIA
+$8.39M
5
KMM
Deutsche Multi-Market Incm Trust
KMM
+$5.79M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Consumer Discretionary 0.85%
3 Healthcare 0.47%
4 Technology 0.46%
5 Communication Services 0.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NBB icon
76
Nuveen Taxable Municipal Income Fund
NBB
$454M
$6.42M 0.38%
+333,427
New +$6.4M
HIX
77
Western Asset High Income Fund II
HIX
$355M
$6.4M 0.38%
1,115,404
+98,187
+10% +$595K
PRF icon
78
Invesco FTSE RAFI US 1000 ETF
PRF
$10B
$6.19M 0.37%
307,095
-67,765
-18% -$1.5M
JEMD
79
DELISTED
Nuveen Emerging Markets Debt 2022 Target Term Fund, Common Shares of Beneficial Interest, $0.01 par value per share
JEMD
$6.17M 0.37%
810,852
+374,615
+86% +$2.9M
EVM
80
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$6.01M 0.36%
609,567
+320,687
+111% +$3.18M
PCI
81
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$6M 0.36%
+285,357
New +$6.44M
AEF
82
abrdn Emerging Markets Equity Income Fund
AEF
$365M
$5.95M 0.35%
937,448
+362,879
+63% +$2.37M
BLW icon
83
BlackRock Limited Duration Income Trust
BLW
$492M
$5.95M 0.35%
443,757
+52,102
+13% +$738K
LEO
84
BNY Mellon Strategic Municipals
LEO
$386M
$5.95M 0.35%
+829,202
New +$5.98M
CRF
85
Cornerstone Total Return Fund
CRF
$1.17B
$5.84M 0.35%
544,662
-77,241
-12% -$911K
BGT icon
86
BlackRock Floating Rate Income Trust
BGT
$327M
$5.83M 0.35%
+505,691
New +$6.33M
PCF
87
High Income Securities Fund
PCF
$101M
$5.77M 0.34%
646,600
-238,537
-27% -$2.23M
TLI
88
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$5.64M 0.34%
+632,111
New +$5.99M
BSE
89
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$5.6M 0.33%
464,189
+263,961
+132% +$3.19M
BFZ
90
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$5.2M 0.31%
436,028
+167,824
+63% +$2.04M
MHI
91
DELISTED
Pioneer Municipal High Income Fund
MHI
$5.03M 0.3%
+463,244
New +$5.04M
NKX icon
92
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$662M
$4.88M 0.29%
387,985
+329,420
+562% +$4.16M
FIV
93
DELISTED
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
$4.75M 0.28%
+572,459
New +$5.09M
SPE.PRB
94
DELISTED
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
$4.72M 0.28%
191,280
– –
NTC
95
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$4.56M 0.27%
405,674
-142,889
-26% -$1.6M
MCR
96
DELISTED
MFS Charter Income Trust
MCR
$4.52M 0.27%
615,676
+10,300
+2% +$76.5K
NIQ
97
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$4.51M 0.27%
365,287
+100,817
+38% +$1.23M
LOR
98
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$4.49M 0.27%
533,362
+161,887
+44% +$1.48M
BCSF icon
99
Bain Capital Specialty
BCSF
$833M
$4.44M 0.26%
+261,555
New +$4.54M
FAX
100
abrdn Asia-Pacific Income Fund
FAX
$599M
$4.35M 0.26%
185,391
+35,640
+24% +$854K
2 3
4
5 6

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Rivernorth Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Rivernorth Capital Management held 319 positions worth $1.68B, up 40% from $1.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Rivernorth Capital Management deployed $604M of net new capital in Q4 2018, opening 106 new positions and adding to 77 existing holdings. Its largest new stake was FS KKR Capital: 1,270,668 shares worth $27.1M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $14.3M trimmed.

  • Rivernorth Capital Management's largest Q4 2018 buy was FS KKR Capital: 1,270,668 shares worth $27.1M.
  • Rivernorth Capital Management added most to Nuveen Quality Municipal Income Fund in Q4 2018, an estimated $31.7M increase.
  • Rivernorth Capital Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $14.3M.
  • Rivernorth Capital Management fully exited abrdn Total Dynamic Dividend Fund in Q4 2018, selling an estimated $25.2M.
  • Rivernorth Capital Management's ten largest holdings make up 26% of its $1.68B portfolio in Q4 2018.
  • Rivernorth Capital Management opened 106 new positions and closed 27 in Q4 2018.
  • Rivernorth Capital Management's portfolio value rose 40% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.