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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
+16.1%
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
$1.76B
AUM Growth
+$266M
Cap. Flow
+$63.5M
Cap. Flow %
3.61%
Top 10 Hldgs %
29.9%
Holding
338
New
64
Increased
73
Reduced
91
Closed
78

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$36.2M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$15.9M
3
GBDC icon
Golub Capital BDC
GBDC
+$15.4M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.3M
5
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
+$10.7M

Top Sells

Rank Stock Value
1
DUC
Duff & Phelps Utility & Corporate Bond Trust
DUC
+$18.2M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$15.2M
3
ARCC icon
Ares Capital
ARCC
+$13.1M
4
MYN icon
BlackRock MuniYield New York Quality Fund
MYN
+$13M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$12.2M

Sector Composition

Rank Sector Weight
1 Financials 5.67%
2 Technology 0.24%
3 Consumer Staples 0.2%
4 Healthcare 0.17%
5 Industrials 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NUM
76
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$5.84M 0.33%
427,220
+75,403
+21% +$1.01M
VKI icon
77
Invesco Advantage Municipal Income Trust II
VKI
$399M
$5.69M 0.32%
544,029
+425,992
+361% +$4.37M
RMT
78
Royce Micro-Cap Trust
RMT
$759M
$5.65M 0.32%
784,803
+761
+0.1% +$5.05K
EGIF
79
DELISTED
Eagle Growth and Income Opportunities Fund
EGIF
$5.47M 0.31%
405,170
+252,633
+166% +$3.07M
WIA
80
Western Asset Inflation-Linked Income Fund
WIA
$186M
$5.37M 0.31%
+455,861
New +$5.13M
NMY
81
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$5.22M 0.3%
405,296
-72,798
-15% -$908K
JFR icon
82
Nuveen Floating Rate Income Fund
JFR
$1.26B
$5.21M 0.3%
659,150
+304,723
+86% +$2.35M
MYN icon
83
BlackRock MuniYield New York Quality Fund
MYN
$376M
$5M 0.28%
398,744
-1,064,729
-73% -$13M
NKLAW
84
DELISTED
Nikola Corporation Warrant expiring 6/3/2025
NKLAW
$4.98M 0.28%
+149,999
New +$4.28M
MUE
85
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$4.92M 0.28%
396,772
+210,169
+113% +$2.53M
VLT icon
86
Invesco High Income Trust II
VLT
$65.8M
$4.72M 0.27%
394,816
-20,435
-5% -$230K
BQH
87
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$4.31M 0.25%
274,594
+6,411
+2% +$95.5K
LCAHU
88
DELISTED
Landcadia Holdings II, Inc. Unit
LCAHU
$4.23M 0.24%
244,829
+44,829
+22% +$471K
IRR
89
DELISTED
VOYA NATURAL RESOURCES EQUITY INCOME FUND
IRR
$4.18M 0.24%
1,646,739
+524,394
+47% +$1.3M
AVK
90
Advent Convertible and Income Fund
AVK
$563M
$4.09M 0.23%
321,541
-47,937
-13% -$574K
SPE.PRB
91
DELISTED
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
$4.07M 0.23%
161,853
-29,427
-15% -$736K
THCAU
92
DELISTED
Tuscan Holdings Corp. II Unit
THCAU
$4.04M 0.23%
400,000
– –
LFLY
93
DELISTED
Leafly Holdings, Inc. Common Stock
LFLY
$3.81M 0.22%
19,460
-540
-3% -$105K
CCX.U
94
DELISTED
Churchill Capital Corp II
CCX.U
$3.63M 0.21%
297,950
-2,050
-0.7% -$22.7K
IPV.U
95
DELISTED
InterPrivate Acquisition Corp. Units, each consisting of one share of common stock, $.0001 par value
IPV.U
$3.56M 0.2%
350,000
+50,000
+17% +$499K
FUND
96
Sprott Focus Trust
FUND
$312M
$3.53M 0.2%
598,439
-32,285
-5% -$182K
BGT icon
97
BlackRock Floating Rate Income Trust
BGT
$328M
$3.43M 0.19%
312,073
+180,063
+136% +$1.92M
MVF
98
DELISTED
BlackRock MuniVest Fund
MVF
$3.41M 0.19%
406,102
+384,403
+1,772% +$3.14M
GLQ
99
Clough Global Equity Fund
GLQ
$157M
$3.23M 0.18%
303,801
-241,488
-44% -$2.4M
JRO
100
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$3.19M 0.18%
406,824
-61,409
-13% -$472K
2 3
4
5 6

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Rivernorth Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Rivernorth Capital Management held 338 positions worth $1.76B, up 18% from $1.49B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management deployed $63.5M of net new capital in Q2 2020, opening 64 new positions and adding to 73 existing holdings. Its largest new stake was FIRST TRUST MLP AND ENERGY INCOME FUND: 1,863,762 shares worth $10.5M.

By sector, the portfolio is most concentrated in Financials at 5.7% of assets, up from 5.1% a quarter earlier, followed by Technology and Consumer Staples.

On the sell side, the largest reduction was Duff & Phelps Utility & Corporate Bond Trust, an estimated $18.2M trimmed.

  • Rivernorth Capital Management's largest Q2 2020 buy was FIRST TRUST MLP AND ENERGY INCOME FUND: 1,863,762 shares worth $10.5M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q2 2020, an estimated $36.2M increase.
  • Rivernorth Capital Management's biggest Q2 2020 reduction was Duff & Phelps Utility & Corporate Bond Trust, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited BlackRock Credit Allocation Income Trust in Q2 2020, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.76B portfolio in Q2 2020.
  • Rivernorth Capital Management opened 64 new positions and closed 78 in Q2 2020.
  • Rivernorth Capital Management's portfolio value rose 18% quarter-over-quarter to $1.76B.

Based on Rivernorth Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.