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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
-8.99%
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
$1.68B
AUM Growth
+$480M
Cap. Flow
+$604M
Cap. Flow %
36.01%
Top 10 Hldgs %
26.1%
Holding
319
New
106
Increased
77
Reduced
26
Closed
27

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$31.7M
2
FSK icon
FS KKR Capital
FSK
+$31.6M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.7M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$19.7M
5
HFRO
Highland Opportunities and Income Fund
HFRO
+$19.2M

Top Sells

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$25.2M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.3M
3
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$10.1M
4
WIA
Western Asset Inflation-Linked Income Fund
WIA
+$8.39M
5
KMM
Deutsche Multi-Market Incm Trust
KMM
+$5.79M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Consumer Discretionary 0.85%
3 Healthcare 0.47%
4 Technology 0.46%
5 Communication Services 0.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHI
101
Calamos Convertible Opportunities and Income Fund
CHI
$1.06B
$4.22M 0.25%
+481,936
New +$4.8M
FCT
102
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$4.05M 0.24%
+362,170
New +$4.33M
AFT
103
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$4.02M 0.24%
+277,047
New +$4.19M
PACK icon
104
Ranpak Holdings
PACK
$456M
$4M 0.24%
398,073
-1,925
-0.5% -$18.9K
WRLSW
105
DELISTED
Pensare Acquisition Corp. Warrant
WRLSW
$3.94M 0.24%
389,994
+214,997
+123% +$84.8K
NSL
106
DELISTED
NUVEEN SENIOR INCM FD
NSL
$3.93M 0.23%
+718,780
New +$4.22M
NBO
107
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$3.8M 0.23%
344,096
+138,557
+67% +$1.55M
NCA icon
108
Nuveen California Municipal Value Fund
NCA
$303M
$3.75M 0.22%
410,781
+297,441
+262% +$2.72M
PXH icon
109
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.98B
$3.72M 0.22%
187,653
-33,412
-15% -$676K
NBW
110
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$3.51M 0.21%
291,681
+187,325
+180% +$2.27M
PHD
111
DELISTED
Pioneer Floating Rate Fund
PHD
$3.45M 0.21%
+347,869
New +$3.64M
BYM
112
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$3.36M 0.2%
+269,678
New +$3.36M
PTY icon
113
PIMCO Corporate & Income Opportunity Fund
PTY
$2.52B
$3.33M 0.2%
+213,460
New +$3.45M
EIM
114
Eaton Vance Municipal Bond Fund
EIM
$499M
$3.29M 0.2%
+294,695
New +$3.28M
PCN
115
PIMCO Corporate & Income Strategy Fund
PCN
$887M
$3.27M 0.2%
+214,540
New +$3.51M
VGM icon
116
Invesco Trust Investment Grade Municipals
VGM
$565M
$3.27M 0.19%
+287,167
New +$3.28M
USA icon
117
Liberty All-Star Equity Fund
USA
$1.86B
$3.17M 0.19%
589,323
+2,000
+0.3% +$11.9K
MAV
118
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$3.1M 0.18%
+305,668
New +$3.19M
MCA
119
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
$3.04M 0.18%
242,147
+147,404
+156% +$1.86M
KXIN icon
120
Kaixin Holdings
KXIN
$8.68M
$3.03M 0.18%
1
– –
TKKSU
121
DELISTED
TKK Symphony Acquisition Corporation Unit
TKKSU
$3.03M 0.18%
300,000
– –
LACQ
122
DELISTED
Leisure Acquisition Corp.
LACQ
$3.01M 0.18%
306,594
– –
GRAF.U
123
DELISTED
Graf Industrial Corp. Units, each consisting of One share of Common Stock and One redeemable Warrant
GRAF.U
$3M 0.18%
+300,000
New +$3M
DDMXU
124
DELISTED
DD3 Acquisition Corp. Units
DDMXU
$3M 0.18%
+300,000
New +$3M
SAMAU
125
DELISTED
Schultze Special Purpose Acquisition Corp. Unit
SAMAU
$2.98M 0.18%
+300,000
New +$2.99M
3 4
5
6 7

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Rivernorth Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Rivernorth Capital Management held 319 positions worth $1.68B, up 40% from $1.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Rivernorth Capital Management deployed $604M of net new capital in Q4 2018, opening 106 new positions and adding to 77 existing holdings. Its largest new stake was FS KKR Capital: 1,270,668 shares worth $27.1M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $14.3M trimmed.

  • Rivernorth Capital Management's largest Q4 2018 buy was FS KKR Capital: 1,270,668 shares worth $27.1M.
  • Rivernorth Capital Management added most to Nuveen Quality Municipal Income Fund in Q4 2018, an estimated $31.7M increase.
  • Rivernorth Capital Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $14.3M.
  • Rivernorth Capital Management fully exited abrdn Total Dynamic Dividend Fund in Q4 2018, selling an estimated $25.2M.
  • Rivernorth Capital Management's ten largest holdings make up 26% of its $1.68B portfolio in Q4 2018.
  • Rivernorth Capital Management opened 106 new positions and closed 27 in Q4 2018.
  • Rivernorth Capital Management's portfolio value rose 40% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.