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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
-16.65%
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
$1.49B
AUM Growth
-$173M
Cap. Flow
+$140M
Cap. Flow %
9.39%
Top 10 Hldgs %
27.23%
Holding
322
New
59
Increased
70
Reduced
57
Closed
50

Top Buys

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$21.2M
2
ARCC icon
Ares Capital
ARCC
+$20.4M
3
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$19.5M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$18.5M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$17.1M

Top Sells

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$26M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$20.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$16.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$15M
5
GLO
Clough Global Opportunities Fund
GLO
+$11.5M

Sector Composition

Rank Sector Weight
1 Financials 5.06%
2 Technology 0.39%
3 Communication Services 0.38%
4 Healthcare 0.29%
5 Industrials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAACU
101
DELISTED
Proficient Alpha Acquisition Corp. Unit
PAACU
$3.39M 0.23%
325,000
– –
IGICW
102
DELISTED
International General Insurance Holdings Ltd. Warrants expiring 03/17/2025
IGICW
$3.21M 0.21%
+125,000
New +$60.2K
FEAC.U
103
DELISTED
Flying Eagle Acquisition Corp. Units, each consisting of one share of Class A common stock and one-f
FEAC.U
$3.2M 0.21%
+120,000
New +$1.2M
NEV
104
DELISTED
NUVEEN ENHANCED MUNICIPAL VALUE FUND
NEV
$3.19M 0.21%
+244,245
New +$3.58M
FUND
105
Sprott Focus Trust
FUND
$319M
$3.18M 0.21%
630,724
+42,789
+7% +$283K
CCX.U
106
DELISTED
Churchill Capital Corp II
CCX.U
$3.13M 0.21%
300,000
– –
SAMAU
107
DELISTED
Schultze Special Purpose Acquisition Corp. Unit
SAMAU
$3.09M 0.21%
300,000
– –
IQI icon
108
Invesco Quality Municipal Securities
IQI
$534M
$3.05M 0.2%
260,293
+8,700
+3% +$108K
NUV icon
109
Nuveen Municipal Value Fund
NUV
$1.9B
$3.03M 0.2%
+310,373
New +$3.26M
PHK
110
PIMCO High Income Fund
PHK
$875M
$3M 0.2%
612,765
+48,443
+9% +$330K
GRAF.U
111
DELISTED
Graf Industrial Corp. Units, each consisting of One share of Common Stock and One redeemable Warrant
GRAF.U
$2.97M 0.2%
284,380
-15,620
-5% -$163K
ALUS.U
112
DELISTED
Alussa Energy Acquisition Corp
ALUS.U
$2.97M 0.2%
300,000
– –
RGT
113
Royce Global Value Trust
RGT
$101M
$2.92M 0.2%
+363,724
New +$3.89M
SPE
114
Special Opportunities Fund
SPE
$144M
$2.9M 0.19%
319,884
+5,755
+2% +$73.2K
LIVKU
115
DELISTED
LIV Capital Acquisition Corp. Unit
LIVKU
$2.89M 0.19%
294,940
– –
HNW
116
DELISTED
Pioneer Diversified High Income Fund
HNW
$2.85M 0.19%
271,769
+101,799
+60% +$1.42M
TRNE.U
117
DELISTED
Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of
TRNE.U
$2.78M 0.19%
275,000
– –
LSACU
118
DELISTED
LifeSci Acquisition Corp. Unit 1 COM & 1 WT
LSACU
$2.77M 0.19%
+100,000
New +$990K
PXH icon
119
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.97B
$2.76M 0.18%
178,753
– –
NHS
120
Neuberger High Yield Strategies Fund Inc
NHS
$255M
$2.74M 0.18%
315,208
+159,522
+102% +$1.82M
GRNVU
121
DELISTED
GreenVision Acquisition Corp Unit
GRNVU
$2.74M 0.18%
275,000
– –
MNE
122
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
$2.71M 0.18%
184,610
+69,805
+61% +$1.06M
JFR icon
123
Nuveen Floating Rate Income Fund
JFR
$1.26B
$2.68M 0.18%
+354,427
New +$3.28M
BKK
124
DELISTED
Blackrock Municipal 2020 Term Trust
BKK
$2.63M 0.18%
+179,567
New +$2.66M
AGBAU
125
DELISTED
AGBA Acquisition Ltd Unit
AGBAU
$2.56M 0.17%
250,000
– –
3 4
5
6 7

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Rivernorth Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Rivernorth Capital Management held 322 positions worth $1.49B, down 10% from $1.67B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management deployed $140M of net new capital in Q1 2020, opening 59 new positions and adding to 70 existing holdings. Its largest new stake was Ares Capital: 1,211,881 shares worth $13.1M.

By sector, the portfolio is most concentrated in Financials at 5.1% of assets, up from 2.4% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was BlackRock Credit Allocation Income Trust, an estimated $26M trimmed.

  • Rivernorth Capital Management's largest Q1 2020 buy was Ares Capital: 1,211,881 shares worth $13.1M.
  • Rivernorth Capital Management added most to Golub Capital BDC in Q1 2020, an estimated $21.2M increase.
  • Rivernorth Capital Management's biggest Q1 2020 reduction was BlackRock Credit Allocation Income Trust, cutting an estimated $26M.
  • Rivernorth Capital Management fully exited Clough Global Opportunities Fund in Q1 2020, selling an estimated $11.5M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.49B portfolio in Q1 2020.
  • Rivernorth Capital Management opened 59 new positions and closed 50 in Q1 2020.
  • Rivernorth Capital Management's portfolio value fell 10% quarter-over-quarter to $1.49B.

Based on Rivernorth Capital Management's 13F filing for Q1 2020, filed 18 May 2020.