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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
+4.37%
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
$1.38B
AUM Growth
-$169M
Cap. Flow
-$230M
Cap. Flow %
-16.68%
Top 10 Hldgs %
26.9%
Holding
161
New
12
Increased
41
Reduced
71
Closed
22

Top Buys

Rank Stock Value
1
PPT
Franklin Premier Income Trust
PPT
+$7.88M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$7.58M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.54M
4
SPE.PRB
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
+$5.33M
5
JGV
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
+$4.58M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$73.2M
2
ACG
AllianceBernstein Income Fund Inc
ACG
+$39.4M
3
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$20.9M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.4M
5
OCSI
Oaktree Strategic Income Corporation
OCSI
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 3.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPE
101
Special Opportunities Fund
SPE
$143M
$3.34M 0.24%
234,648
+54,251
+30% +$750K
VLT icon
102
Invesco High Income Trust II
VLT
$65.7M
$3.23M 0.23%
220,651
+38,465
+21% +$549K
BLW icon
103
BlackRock Limited Duration Income Trust
BLW
$493M
$3.21M 0.23%
206,664
-32,881
-14% -$510K
JMT
104
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$3.11M 0.23%
131,168
-14,644
-10% -$337K
VGI
105
Virtus Global Multi-Sector Income Fund
VGI
$83.7M
$3.1M 0.22%
194,754
-137,105
-41% -$2.16M
FHY
106
DELISTED
First Trust Strategic High
FHY
$3.01M 0.22%
243,641
– –
PCF
107
High Income Securities Fund
PCF
$99.9M
$2.82M 0.2%
351,733
+75,802
+27% +$603K
PHD
108
DELISTED
Pioneer Floating Rate Fund
PHD
$2.78M 0.2%
235,493
-57,613
-20% -$661K
CBA
109
DELISTED
ClearBridge American Energy MLP
CBA
$2.47M 0.18%
275,806
-139,828
-34% -$1.22M
HYB
110
DELISTED
New America High Income Fund, Inc.
HYB
$2.43M 0.18%
263,881
-264,357
-50% -$2.36M
MSP
111
DELISTED
Madison Strategic Sector
MSP
$2.22M 0.16%
188,674
+22,907
+14% +$269K
AFT
112
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$2.19M 0.16%
129,350
-101,076
-44% -$1.65M
ACSF
113
DELISTED
American Capital Senior Floating, Ltd.
ACSF
$2.16M 0.16%
+196,020
New +$2.11M
LGI
114
Lazard Global Total Return & Income Fund
LGI
$240M
$2.16M 0.16%
+154,551
New +$2.13M
KLREU
115
DELISTED
KLR Energy Acquisition Corp.
KLREU
$2.1M 0.15%
200,000
– –
TLI
116
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$2.06M 0.15%
192,532
-24,696
-11% -$261K
STLRU
117
DELISTED
Stellar Acquisition III Inc. Units
STLRU
$1.99M 0.14%
+200,000
New +$2M
PHF
118
DELISTED
Pacholder High Yield
PHF
$1.97M 0.14%
276,584
-134,782
-33% -$962K
CTR
119
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$1.77M 0.13%
27,149
-87,393
-76% -$5.65M
CHW
120
Calamos Global Dynamic Income Fund
CHW
$545M
$1.77M 0.13%
235,380
-147,257
-38% -$1.08M
LBF
121
DELISTED
Deutsche Global High Incm Fund
LBF
$1.54M 0.11%
182,913
-22,621
-11% -$190K
INF
122
DELISTED
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUND INC.
INF
$1.47M 0.11%
107,219
-399,536
-79% -$5.4M
AGD
123
abrdn Global Dynamic Dividend Fund
AGD
$320M
$1.46M 0.11%
168,274
-5,082
-3% -$44.4K
TSLF
124
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
$1.32M 0.1%
+80,082
New +$1.31M
XRDC
125
DELISTED
Crossroads Capital, Inc
XRDC
$1.06M 0.08%
585,842
+6,800
+1% +$13.8K
3 4
5
6 7

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Rivernorth Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Rivernorth Capital Management held 161 positions worth $1.38B, down 11% from $1.55B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $230M in Q3 2016, closing 22 positions and reducing 71 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $39.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.5% of assets, down from 4.6% a quarter earlier.

Against the trend, Rivernorth Capital Management opened a new position in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B worth $5.36M.

  • Rivernorth Capital Management's largest Q3 2016 buy was Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B: 207,430 shares worth $5.36M.
  • Rivernorth Capital Management added most to Franklin Premier Income Trust in Q3 2016, an estimated $7.88M increase.
  • Rivernorth Capital Management's biggest Q3 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $73.2M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q3 2016, selling an estimated $39.4M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.38B portfolio in Q3 2016.
  • Rivernorth Capital Management opened 12 new positions and closed 22 in Q3 2016.
  • Rivernorth Capital Management's portfolio value fell 11% quarter-over-quarter to $1.38B.

Based on Rivernorth Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.