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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
-1.67%
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
$1.53B
AUM Growth
+$156M
Cap. Flow
+$159M
Cap. Flow %
10.35%
Top 10 Hldgs %
27.12%
Holding
179
New
40
Increased
50
Reduced
52
Closed
28

Top Buys

Rank Stock Value
1
RA
Brookfield Real Assets Income Fund
RA
+$42.3M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$41.1M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$26.7M
4
CHY
Calamos Convertible and High Income Fund
CHY
+$18.6M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$16.5M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$23.9M
2
ACAS
American Capital Ltd
ACAS
+$18.6M
3
STEW
SRH Total Return Fund
STEW
+$14.6M
4
BOI
Brookfield Mtge Opportunity Fd
BOI
+$13.4M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$9.8M

Sector Composition

Rank Sector Weight
1 Financials 5.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OHAI
101
DELISTED
OHA Investment Corporation
OHAI
$3.71M 0.24%
2,143,426
+55,596
+3% +$144K
AWP
102
abrdn Global Premier Properties Fund
AWP
$367M
$3.68M 0.24%
238,895
-15,895
-6% -$249K
GGN
103
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$819M
$3.49M 0.23%
+658,832
New +$3.81M
VLT icon
104
Invesco High Income Trust II
VLT
$65.7M
$3.32M 0.22%
232,679
+12,028
+5% +$170K
EIM
105
Eaton Vance Municipal Bond Fund
EIM
$499M
$3.24M 0.21%
+260,980
New +$3.31M
JMT
106
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$3.23M 0.21%
139,446
+8,278
+6% +$191K
VGM icon
107
Invesco Trust Investment Grade Municipals
VGM
$564M
$3.22M 0.21%
+252,208
New +$3.29M
CLM icon
108
Cornerstone Strategic Value Fund
CLM
$2.25B
$3.16M 0.21%
+211,383
New +$3.11M
LOR
109
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$3.1M 0.2%
+313,283
New +$3.06M
SPE
110
Special Opportunities Fund
SPE
$144M
$3.09M 0.2%
237,251
+2,603
+1% +$35.1K
CIF
111
DELISTED
MFS Intermediate High Income Fund
CIF
$3.09M 0.2%
1,196,380
-473,333
-28% -$1.19M
ABE
112
DELISTED
Aberdeen Emerging Markets Smaller Company Opportunities Fund
ABE
$3.02M 0.2%
268,587
– –
AIF
113
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$2.77M 0.18%
179,453
-228,995
-56% -$3.47M
ACP
114
abrdn Income Credit Strategies Fund
ACP
$637M
$2.74M 0.18%
210,950
-171,906
-45% -$2.14M
NSL
115
DELISTED
NUVEEN SENIOR INCM FD
NSL
$2.7M 0.18%
397,954
-474,059
-54% -$3.1M
EAD
116
Allspring Income Opportunities Fund
EAD
$379M
$2.68M 0.17%
+315,746
New +$2.58M
MUC icon
117
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$2.62M 0.17%
+186,139
New +$2.71M
FRA icon
118
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
$2.61M 0.17%
181,162
-151,624
-46% -$2.11M
PHF
119
DELISTED
Pacholder High Yield
PHF
$2.6M 0.17%
361,811
+85,227
+31% +$600K
KLREU
120
DELISTED
KLR Energy Acquisition Corp.
KLREU
$2.5M 0.16%
200,000
– –
CCD
121
Calamos Dynamic Convertible & Income Fund
CCD
$742M
$2.47M 0.16%
+140,942
New +$2.5M
ACSF
122
DELISTED
American Capital Senior Floating, Ltd.
ACSF
$2.37M 0.15%
199,449
+3,429
+2% +$39.3K
RQI icon
123
Cohen & Steers Quality Income Realty Fund
RQI
$1.69B
$2.24M 0.15%
+183,692
New +$2.18M
HPS
124
John Hancock Preferred Income Fund III
HPS
$458M
$2.11M 0.14%
+118,993
New +$2.1M
STLRU
125
DELISTED
Stellar Acquisition III Inc. Units
STLRU
$2.06M 0.13%
200,000
– –
3 4
5
6 7

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Rivernorth Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Rivernorth Capital Management held 179 positions worth $1.53B, up 11% from $1.38B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management deployed $159M of net new capital in Q4 2016, opening 40 new positions and adding to 50 existing holdings. Its largest new stake was Brookfield Real Assets Income Fund: 1,930,681 shares worth $43.1M.

By sector, the portfolio is most concentrated in Financials at 5% of assets, up from 3.5% a quarter earlier.

On the sell side, the largest reduction was American Capital Ltd, an estimated $18.6M trimmed.

  • Rivernorth Capital Management's largest Q4 2016 buy was Brookfield Real Assets Income Fund: 1,930,681 shares worth $43.1M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2016, an estimated $41.1M increase.
  • Rivernorth Capital Management's biggest Q4 2016 reduction was American Capital Ltd, cutting an estimated $18.6M.
  • Rivernorth Capital Management fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $23.9M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.53B portfolio in Q4 2016.
  • Rivernorth Capital Management opened 40 new positions and closed 28 in Q4 2016.
  • Rivernorth Capital Management's portfolio value rose 11% quarter-over-quarter to $1.53B.

Based on Rivernorth Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.