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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
+1.84%
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
$1.23B
AUM Growth
-$74.8M
Cap. Flow
-$102M
Cap. Flow %
-8.3%
Top 10 Hldgs %
24.35%
Holding
232
New
15
Increased
72
Reduced
78
Closed
42

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$40.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.81M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$7.43M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$6.98M
5
ELD icon
WisdomTree Emerging Markets Local Debt Fund
ELD
+$5.42M

Top Sells

Rank Stock Value
1
ACG
AllianceBernstein Income Fund Inc
ACG
+$22.9M
2
PTY icon
PIMCO Corporate & Income Opportunity Fund
PTY
+$21.9M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$20.3M
4
ETY icon
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
+$16.4M
5
ETJ
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
+$13M

Sector Composition

Rank Sector Weight
1 Financials 3.79%
2 Materials 0.04%
3 Technology 0.04%
4 Healthcare 0.04%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IGR
101
CBRE Global Real Estate Income Fund
IGR
$713M
$3.08M 0.25%
368,799
+18,500
+5% +$151K
ABE
102
DELISTED
Aberdeen Emerging Markets Smaller Company Opportunities Fund
ABE
$3.06M 0.25%
230,082
+114,572
+99% +$1.46M
SGL
103
DELISTED
STRATEGIC GLOBAL INCOME FUND
SGL
$2.96M 0.24%
321,433
+85,285
+36% +$773K
HYB
104
DELISTED
New America High Income Fund, Inc.
HYB
$2.96M 0.24%
301,426
-4,370
-1% -$42.8K
MGU
105
DELISTED
Macquarie Global Infrastructure Total Return Fund, Inc.
MGU
$2.9M 0.24%
123,226
-15,459
-11% -$351K
EFF
106
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$2.86M 0.23%
156,615
+13,892
+10% +$253K
PMO
107
Franklin Municipal Opportunities Trust
PMO
$285M
$2.85M 0.23%
250,700
– –
CSP
108
DELISTED
AMER STRATEGIC INCM PTFL-III
CSP
$2.85M 0.23%
400,156
+360,530
+910% +$2.48M
JRO
109
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$2.83M 0.23%
232,415
-188,026
-45% -$2.28M
IMF
110
DELISTED
WESTERN ASSET INFLATION MTGMT FUND INC. COM
IMF
$2.72M 0.22%
152,322
-2,976
-2% -$52.5K
NRO
111
Neuberger Real Estate Securities Income Fund Inc
NRO
$190M
$2.66M 0.22%
591,503
+53,194
+10% +$232K
NHS
112
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$2.64M 0.22%
194,141
-50,318
-21% -$682K
NPF
113
DELISTED
NUVEEN PREMIER MUNI INCOME FD
NPF
$2.61M 0.21%
198,945
-3,500
-2% -$46K
LDP icon
114
Cohen & Steers Duration Preferred & Income Fund
LDP
$600M
$2.59M 0.21%
108,708
-133,441
-55% -$3.13M
GHI
115
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
$2.57M 0.21%
260,792
+76,548
+42% +$743K
VGM icon
116
Invesco Trust Investment Grade Municipals
VGM
$564M
$2.54M 0.21%
198,684
-6,400
-3% -$81.3K
FRA icon
117
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
$2.54M 0.21%
174,132
+37,736
+28% +$552K
HYI
118
Western Asset High Yield Opportunity Fund Inc
HYI
$135M
$2.53M 0.21%
141,296
+31,332
+28% +$562K
VEA icon
119
Vanguard FTSE Developed Markets ETF
VEA
$237B
$2.51M 0.2%
60,753
– –
JMT
120
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$2.48M 0.2%
106,401
– –
RNP icon
121
Cohen & Steers REIT and Preferred and Income Fund
RNP
$989M
$2.44M 0.2%
143,776
+11,200
+8% +$185K
AMG icon
122
Affiliated Managers Group
AMG
$9.76B
$2.42M 0.2%
12,100
– –
NVG icon
123
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.7B
$2.35M 0.19%
+175,932
New +$2.31M
VKI icon
124
Invesco Advantage Municipal Income Trust II
VKI
$401M
$2.18M 0.18%
198,653
-22,316
-10% -$243K
MSD
125
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$2.17M 0.18%
219,688
+30,954
+16% +$298K
3 4
5
6 7

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Rivernorth Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Rivernorth Capital Management held 232 positions worth $1.23B, down 5.7% from $1.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $102M in Q1 2014, closing 42 positions and reducing 78 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $22.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.8% of assets, down from 4.3% a quarter earlier, followed by Materials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in WisdomTree Emerging Markets Local Debt Fund worth $5.53M.

  • Rivernorth Capital Management's largest Q1 2014 buy was WisdomTree Emerging Markets Local Debt Fund: 120,635 shares worth $5.53M.
  • Rivernorth Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2014, an estimated $40.1M increase.
  • Rivernorth Capital Management's biggest Q1 2014 reduction was PIMCO Corporate & Income Opportunity Fund, cutting an estimated $21.9M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q1 2014, selling an estimated $22.9M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.23B portfolio in Q1 2014.
  • Rivernorth Capital Management opened 15 new positions and closed 42 in Q1 2014.
  • Rivernorth Capital Management's portfolio value fell 5.7% quarter-over-quarter to $1.23B.

Based on Rivernorth Capital Management's 13F filing for Q1 2014, filed 15 May 2014.