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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
+0.99%
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
$1.3B
AUM Growth
+$353M
Cap. Flow
+$331M
Cap. Flow %
25.4%
Top 10 Hldgs %
22.27%
Holding
261
New
73
Increased
81
Reduced
45
Closed
44

Top Buys

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$23.8M
2
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.4M
3
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$17.3M
4
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$14.2M
5
DSU icon
BlackRock Debt Strategies Fund
DSU
+$12.6M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$19.5M
2
OEF icon
iShares S&P 100 ETF
OEF
+$10.4M
3
PRF icon
Invesco FTSE RAFI US 1000 ETF
PRF
+$9.35M
4
ETW
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
+$7.2M
5
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$5.02M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Technology 0.1%
3 Materials 0.04%
4 Communication Services 0.03%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NHS
101
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$3.24M 0.25%
244,459
+108,782
+80% +$1.44M
ARMF
102
DELISTED
ARES MULTI-STRATEGY CR FD INC COM STK (MD)
ARMF
$3.17M 0.24%
+149,764
New +$3.25M
PIM
103
Franklin Master Intermediate Income Trust
PIM
$151M
$3.16M 0.24%
626,892
+246,083
+65% +$1.23M
CRF
104
Cornerstone Total Return Fund
CRF
$1.17B
$3.13M 0.24%
+132,031
New +$3.27M
MGU
105
DELISTED
Macquarie Global Infrastructure Total Return Fund, Inc.
MGU
$3.06M 0.24%
138,685
-3,200
-2% -$70.6K
JPI
106
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$3.05M 0.23%
+138,374
New +$3.08M
JGG
107
DELISTED
NUVEEN GLOBAL INCOME OPPORTUNITIES FUND
JGG
$2.98M 0.23%
261,299
+37,011
+17% +$429K
HYB
108
DELISTED
New America High Income Fund, Inc.
HYB
$2.95M 0.23%
305,796
+212,284
+227% +$2.03M
IQI icon
109
Invesco Quality Municipal Securities
IQI
$534M
$2.92M 0.22%
+262,723
New +$2.94M
KYE
110
DELISTED
Kayne Anderson Energy
KYE
$2.87M 0.22%
+104,945
New +$2.91M
MMT
111
Aberdeen Multi-Market Income Fund
MMT
$243M
$2.83M 0.22%
427,314
+242,808
+132% +$1.58M
IGR
112
CBRE Global Real Estate Income Fund
IGR
$713M
$2.77M 0.21%
+350,299
New +$2.82M
FHY
113
DELISTED
First Trust Strategic High
FHY
$2.75M 0.21%
171,006
+62,461
+58% +$981K
FTT
114
DELISTED
FEDERATED ENHANCED TREAS INCM FD COM BEN INTEREST
FTT
$2.72M 0.21%
213,125
– –
PMO
115
Franklin Municipal Opportunities Trust
PMO
$285M
$2.69M 0.21%
+250,700
New +$2.71M
IMF
116
DELISTED
WESTERN ASSET INFLATION MTGMT FUND INC. COM
IMF
$2.63M 0.2%
155,298
-500
-0.3% -$8.27K
AMG icon
117
Affiliated Managers Group
AMG
$9.76B
$2.62M 0.2%
12,100
– –
EFF
118
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$2.59M 0.2%
+142,723
New +$2.57M
VEA icon
119
Vanguard FTSE Developed Markets ETF
VEA
$237B
$2.53M 0.19%
60,753
-76,225
-56% -$3.09M
NPF
120
DELISTED
NUVEEN PREMIER MUNI INCOME FD
NPF
$2.5M 0.19%
202,445
+111,045
+121% +$1.37M
VGM icon
121
Invesco Trust Investment Grade Municipals
VGM
$564M
$2.5M 0.19%
+205,084
New +$2.48M
JMT
122
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$2.44M 0.19%
106,401
+36,719
+53% +$869K
PMF
123
DELISTED
PIMCO Municipal Income Fund
PMF
$2.38M 0.18%
194,575
+27,200
+16% +$340K
VKI icon
124
Invesco Advantage Municipal Income Trust II
VKI
$401M
$2.33M 0.18%
220,969
+167,119
+310% +$1.73M
MCR
125
DELISTED
MFS Charter Income Trust
MCR
$2.31M 0.18%
254,821
+23,275
+10% +$208K
3 4
5
6 7

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Rivernorth Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Rivernorth Capital Management held 261 positions worth $1.3B, up 37% from $950M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management deployed $331M of net new capital in Q4 2013, opening 73 new positions and adding to 81 existing holdings. Its largest new stake was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 4% a quarter earlier, followed by Technology and Materials.

On the sell side, the largest reduction was iShares S&P 100 ETF, an estimated $10.4M trimmed.

  • Rivernorth Capital Management's largest Q4 2013 buy was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.
  • Rivernorth Capital Management added most to PIMCO Dynamic Credit and Mortgage Income Fund in Q4 2013, an estimated $23.8M increase.
  • Rivernorth Capital Management's biggest Q4 2013 reduction was iShares S&P 100 ETF, cutting an estimated $10.4M.
  • Rivernorth Capital Management fully exited Vanguard S&P 500 ETF in Q4 2013, selling an estimated $19.5M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $1.3B portfolio in Q4 2013.
  • Rivernorth Capital Management opened 73 new positions and closed 44 in Q4 2013.
  • Rivernorth Capital Management's portfolio value rose 37% quarter-over-quarter to $1.3B.

Based on Rivernorth Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.