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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
+0.81%
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
$22M
AUM Growth
+$19.7M
Cap. Flow
+$203M
Cap. Flow %
924.46%
Top 10 Hldgs %
88.42%
Holding
291
New
48
Increased
64
Reduced
62
Closed
33

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.9M
4
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$17.8M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$13.7M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
4
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M
5
CRF
Cornerstone Total Return Fund
CRF
+$6.24M

Sector Composition

Rank Sector Weight
1 Financials 0.2%
2 Consumer Discretionary 0.03%
3 Communication Services 0.03%
4 Healthcare 0.03%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRA icon
76
BlackRock Floating Rate Income Strategies Fund
FRA
$388M
$7.43K 0.03%
588,598
-180,934
-24% -$2.29M
EVF
77
Eaton Vance Senior Income Trust
EVF
$91.6M
$7.04K 0.03%
1,151,001
+57,736
+5% +$357K
FSK icon
78
FS KKR Capital
FSK
$3.37B
$6.91K 0.03%
296,232
-49,022
-14% -$1.15M
PRF icon
79
Invesco FTSE RAFI US 1000 ETF
PRF
$10B
$6.89K 0.03%
292,495
-14,600
-5% -$340K
NVG icon
80
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.69B
$6.8K 0.03%
406,587
-82,194
-17% -$1.35M
NKG
81
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$6.32K 0.03%
509,373
+121,218
+31% +$1.51M
NBO
82
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$6.31K 0.03%
504,300
+147,845
+41% +$1.84M
BSE
83
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
$6.31K 0.03%
459,194
+64,308
+16% +$874K
AEF
84
abrdn Emerging Markets Equity Income Fund
AEF
$365M
$6.07K 0.03%
872,439
+271,443
+45% +$1.93M
MYN icon
85
BlackRock MuniYield New York Quality Fund
MYN
$377M
$5.98K 0.03%
458,157
+216,605
+90% +$2.82M
MSD
86
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$5.92K 0.03%
644,278
-210,623
-25% -$1.98M
CLM icon
87
Cornerstone Strategic Value Fund
CLM
$2.24B
$5.82K 0.03%
520,603
-728,938
-58% -$8.33M
NUM
88
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$5.17K 0.02%
+370,325
New +$5.19M
NAN icon
89
Nuveen New York Quality Municipal Income Fund
NAN
$373M
$5.15K 0.02%
360,906
+252,406
+233% +$3.55M
FCT
90
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$5.14K 0.02%
428,766
+11,868
+3% +$141K
NMY
91
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$5.1K 0.02%
+382,002
New +$5.06M
FTF
92
Franklin Limited Duration Income Trust
FTF
$234M
$5.07K 0.02%
544,303
-382,372
-41% -$3.65M
NTG
93
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$4.86K 0.02%
39,543
-16,767
-30% -$2.14M
SPE.PRB
94
DELISTED
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
$4.84K 0.02%
191,280
– –
BGT icon
95
BlackRock Floating Rate Income Trust
BGT
$327M
$4.7K 0.02%
383,237
-2,100
-0.5% -$25.9K
NBW
96
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$4.59K 0.02%
327,794
-112,093
-25% -$1.56M
EXD
97
DELISTED
Eaton Vance TaxManaged Buy-Write Strategy Fund
EXD
$4.58K 0.02%
481,135
-10,379
-2% -$99K
PMM
98
Franklin Managed Municipal Income Trust
PMM
$272M
$4.46K 0.02%
+569,815
New +$4.5M
TLI
99
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$4.38K 0.02%
461,197
-287,190
-38% -$2.74M
SPE
100
Special Opportunities Fund
SPE
$144M
$4.37K 0.02%
321,087
-2,510
-0.8% -$33.4K
2 3
4
5 6

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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $22M, up 856% from $2.3M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Rivernorth Capital Management deployed $203M of net new capital in Q3 2019, opening 48 new positions and adding to 64 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.

By sector, the portfolio is most concentrated in Financials at 0.2% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Allspring Income Opportunities Fund, an estimated $10.3M trimmed.

  • Rivernorth Capital Management's largest Q3 2019 buy was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2019, an estimated $29.4M increase.
  • Rivernorth Capital Management's biggest Q3 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $10.3M.
  • Rivernorth Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2019, selling an estimated $16.9K.
  • Rivernorth Capital Management's ten largest holdings make up 88% of its $22M portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value rose 856% quarter-over-quarter to $22M.

Based on Rivernorth Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.