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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
-0.37%
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
$1.2B
AUM Growth
-$71.2M
Cap. Flow
-$66.9M
Cap. Flow %
-5.58%
Top 10 Hldgs %
30.99%
Holding
261
New
52
Increased
65
Reduced
44
Closed
48

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$17.5M
3
CRF
Cornerstone Total Return Fund
CRF
+$8.55M
4
PCF
High Income Securities Fund
PCF
+$6.75M
5
AVK
Advent Convertible and Income Fund
AVK
+$5.73M

Top Sells

Rank Stock Value
1
MZF
Managed Duration Inv Grd Muni Fd
MZF
+$14.8M
2
RA
Brookfield Real Assets Income Fund
RA
+$13.6M
3
USA icon
Liberty All-Star Equity Fund
USA
+$13M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$8.26M

Sector Composition

Rank Sector Weight
1 Financials 2.31%
2 Consumer Discretionary 1.27%
3 Technology 1.03%
4 Healthcare 0.65%
5 Communication Services 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AIFA
101
All In FutureTech Alliance Inc
AIFA
$14.3M
$1.88M 0.16%
31,843
– –
HOFV
102
DELISTED
Hall of Fame Resort & Entertainment Co
HOFV
$1.73M 0.14%
11,303
+982
+10% +$149K
DSU icon
103
BlackRock Debt Strategies Fund
DSU
$597M
$1.68M 0.14%
151,080
-6,500
-4% -$73.1K
MTEC
104
DELISTED
MTech Acquisition Corp. Class A Common Stock
MTEC
$1.58M 0.13%
155,000
+15,771
+11% +$158K
BCX icon
105
BlackRock Resources & Commodities Strategy Trust
BCX
$954M
$1.54M 0.13%
+169,925
New +$1.53M
BBCP icon
106
Concrete Pumping Holdings
BBCP
$479M
$1.53M 0.13%
150,000
– –
MFAC.U
107
DELISTED
Megalith Financial Acquisition Corp. Units, each consisting of one share of Class A Common Stock, an
MFAC.U
$1.51M 0.13%
+150,000
New +$1.51M
USWS
108
DELISTED
U.S. Well Services, Inc. Class A Common Stock
USWS
$1.5M 0.13%
7,143
– –
SEGG
109
Sports Entertainment Gaming Global Corp
SEGG
$8.15M
$1.47M 0.12%
107
– –
RPAY icon
110
Repay Holdings
RPAY
$315M
$1.46M 0.12%
+150,000
New +$1.45M
NKLA
111
DELISTED
Nikola Corporation Common Stock
NKLA
$1.44M 0.12%
5,000
+444
+10% +$127K
EVJ
112
DELISTED
Eaton Vance New Jersey Municipal Income Trust
EVJ
$1.33M 0.11%
+116,769
New +$1.35M
NBW
113
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$1.3M 0.11%
+104,356
New +$1.31M
BCAC
114
DELISTED
Bison Capital Acquistion Corp Ordinary Shares
BCAC
$1.28M 0.11%
125,000
– –
TZACU
115
DELISTED
Tenzing Acquisition Corp. Units
TZACU
$1.26M 0.11%
+125,000
New +$1.26M
JPS
116
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$1.24M 0.1%
+140,954
New +$1.25M
DOTA
117
DELISTED
Draper Oakwood Technology Acquisition, Inc. Class A Common Stock
DOTA
$1.22M 0.1%
120,000
– –
MCA
118
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$1.21M 0.1%
94,743
+14,943
+19% +$198K
IGIC icon
119
International General Insurance
IGIC
$1.13B
$1.21M 0.1%
125,000
– –
HCCH
120
DELISTED
HL Acquisitions Corp. Ordinary Shares
HCCH
$1.2M 0.1%
+125,000
New +$1.2M
BTT icon
121
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$1.18M 0.1%
57,167
-92,592
-62% -$1.97M
SWZ
122
Swiss Helvetia Fund
SWZ
$77.3M
$1.16M 0.1%
136,816
+114,957
+526% +$1.4M
CLNN icon
123
Clene
CLNN
$63.5M
$1.15M 0.1%
+5,900
New +$1.14M
DMTK
124
DELISTED
DermTech, Inc. Common Stock
DMTK
$1.14M 0.1%
56,235
– –
SPE
125
Special Opportunities Fund
SPE
$144M
$1.1M 0.09%
76,334
+3,245
+4% +$46.7K
3 4
5
6 7

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Rivernorth Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Rivernorth Capital Management held 261 positions worth $1.2B, down 5.6% from $1.27B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $66.9M in Q3 2018, closing 48 positions and reducing 44 holdings. Its most notable exit was Managed Duration Inv Grd Muni Fd, an estimated $14.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.5M.

  • Rivernorth Capital Management's largest Q3 2018 buy was Cornerstone Strategic Value Fund: 1,558,375 shares worth $21.5M.
  • Rivernorth Capital Management added most to High Income Securities Fund in Q3 2018, an estimated $6.75M increase.
  • Rivernorth Capital Management's biggest Q3 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $13M.
  • Rivernorth Capital Management fully exited Managed Duration Inv Grd Muni Fd in Q3 2018, selling an estimated $14.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.2B portfolio in Q3 2018.
  • Rivernorth Capital Management opened 52 new positions and closed 48 in Q3 2018.
  • Rivernorth Capital Management's portfolio value fell 5.6% quarter-over-quarter to $1.2B.

Based on Rivernorth Capital Management's 13F filing for Q3 2018, filed 15 Nov 2018.