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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
+2.65%
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
$1.62B
AUM Growth
-$143M
Cap. Flow
-$274M
Cap. Flow %
-16.98%
Top 10 Hldgs %
30.32%
Holding
425
New
161
Increased
45
Reduced
86
Closed
91

Top Buys

Rank Stock Value
1
HIX
Western Asset High Income Fund II
HIX
+$16.6M
2
OCSL icon
Oaktree Specialty Lending
OCSL
+$13.7M
3
BCSF icon
Bain Capital Specialty
BCSF
+$11M
4
FIV
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
+$9.21M
5
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$8.1M

Top Sells

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$31.3M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$26M
3
HFRO
Highland Opportunities and Income Fund
HFRO
+$17.9M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$17.2M
5
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$14.9M

Sector Composition

Rank Sector Weight
1 Financials 8.07%
2 Technology 1.29%
3 Consumer Discretionary 1%
4 Industrials 0.91%
5 Healthcare 0.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PSACU
101
DELISTED
Property Solutions Acquisition Corp. Unit
PSACU
$3.02M 0.19%
+299,200
New +$2.99M
IRR
102
DELISTED
VOYA NATURAL RESOURCES EQUITY INCOME FUND
IRR
$2.96M 0.18%
1,210,875
-435,864
-26% -$1.08M
DM
103
DELISTED
Desktop Metal, Inc.
DM
$2.91M 0.18%
+26,928
New +$2.91M
GBDC icon
104
Golub Capital BDC
GBDC
$3.42B
$2.9M 0.18%
219,122
-2,507,395
-92% -$31.3M
ALUS
105
DELISTED
Alussa Energy Acquisition Corp
ALUS
$2.89M 0.18%
+290,674
New +$2.9M
FCT
106
First Trust Senior Floating Rate Income Fund II
FCT
$2.86M 0.18%
260,895
-584,168
-69% -$6.42M
FMO
107
DELISTED
Fiduciary/Claymore Energy Infrastructure Fund
FMO
$2.83M 0.18%
393,031
+141,605
+56% +$1.19M
GNRS
108
DELISTED
Greenrose Acquisition Corp. Common Stock
GNRS
$2.83M 0.18%
+289,496
New +$2.85M
LIVK
109
DELISTED
LIV Capital Acquisition Corp. Class A Ordinary Shares
LIVK
$2.8M 0.17%
+284,062
New +$2.82M
IGD
110
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$524M
$2.74M 0.17%
553,017
-762,001
-58% -$3.79M
MCOM
111
DELISTED
micromobility.com Inc. Class A Common stock
MCOM
$2.67M 0.17%
+35
New +$2.65M
AFT
112
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$2.62M 0.16%
204,606
+179,925
+729% +$2.28M
RSI icon
113
Rush Street Interactive
RSI
$2.91B
$2.62M 0.16%
+205,330
New +$2.34M
EGIF
114
DELISTED
Eagle Growth and Income Opportunities Fund
EGIF
$2.61M 0.16%
207,900
-197,270
-49% -$2.49M
AGBA
115
DELISTED
AGBA Acquisition Ltd
AGBA
$2.6M 0.16%
+250,000
New +$2.6M
MCI
116
Barings Corporate Investors
MCI
$340M
$2.56M 0.16%
204,831
+114,294
+126% +$1.51M
MMU
117
Western Asset Managed Municipals Fund
MMU
$552M
$2.54M 0.16%
208,167
+43,730
+27% +$541K
NBO
118
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$2.53M 0.16%
217,103
-25,923
-11% -$309K
LCAPU
119
DELISTED
Lionheart Acquisition Corp. II Unit
LCAPU
$2.49M 0.15%
+250,000
New +$2.49M
SHPW
120
DELISTED
Shapeways Holdings, Inc. Common Stock
SHPW
$2.33M 0.14%
+29,375
New +$2.34M
NAN icon
121
Nuveen New York Quality Municipal Income Fund
NAN
$371M
$2.25M 0.14%
164,789
-39,704
-19% -$548K
SPRU icon
122
Spruce Power Holding Corp
SPRU
$38.4M
$2.22M 0.14%
+24,062
New +$2.02M
GOEV
123
DELISTED
Canoo Inc. Class A Common Stock
GOEV
$2.18M 0.14%
+426
New +$2.18M
BTRS
124
DELISTED
BTRS Holdings Inc. Class 1 Common Stock
BTRS
$2.18M 0.13%
+208,466
New +$2.15M
RCOR
125
DELISTED
Renovacor, Inc.
RCOR
$2.18M 0.13%
+222,500
New +$2.22M
3 4
5
6 7

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Rivernorth Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Rivernorth Capital Management held 425 positions worth $1.62B, down 8.2% from $1.76B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $274M in Q3 2020, closing 91 positions and reducing 86 holdings. Its most notable exit was Virtus Dividend, Interest & Premium Strategy Fund, an estimated $8.76M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 5.7% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in First Eagle Senior Loan Fund worth $4.55M.

  • Rivernorth Capital Management's largest Q3 2020 buy was First Eagle Senior Loan Fund: 367,079 shares worth $4.55M.
  • Rivernorth Capital Management added most to Western Asset High Income Fund II in Q3 2020, an estimated $16.6M increase.
  • Rivernorth Capital Management's biggest Q3 2020 reduction was Golub Capital BDC, cutting an estimated $31.3M.
  • Rivernorth Capital Management fully exited Virtus Dividend, Interest & Premium Strategy Fund in Q3 2020, selling an estimated $8.76M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.62B portfolio in Q3 2020.
  • Rivernorth Capital Management opened 161 new positions and closed 91 in Q3 2020.
  • Rivernorth Capital Management's portfolio value fell 8.2% quarter-over-quarter to $1.62B.

Based on Rivernorth Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.