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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
-0.32%
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
$950M
AUM Growth
+$52M
Cap. Flow
+$50.3M
Cap. Flow %
5.29%
Top 10 Hldgs %
28.58%
Holding
211
New
46
Increased
83
Reduced
39
Closed
23

Top Buys

Rank Stock Value
1
NPM
NUVEEN PREMIUM INCM MUNI FD II
NPM
+$7.94M
2
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.42M
3
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$7.01M
4
NID
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
+$6.81M
5
NPP
NUVEEN PERFORMANCE+MUN FUND
NPP
+$5.28M

Top Sells

Rank Stock Value
1
EXG icon
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
+$8.99M
2
ETW
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
+$7.23M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.6M
4
GHY
PGIM Global High Yield Fund
GHY
+$5.6M
5
DNP icon
DNP Select Income Fund
DNP
+$5.42M

Sector Composition

Rank Sector Weight
1 Financials 4.04%
2 Technology 0.05%
3 Energy 0.04%
4 Materials 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MHY
126
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$1.04M 0.11%
182,654
+90,021
+97% +$505K
PMM
127
Franklin Managed Municipal Income Trust
PMM
$273M
$1.02M 0.11%
148,674
+2,600
+2% +$17.6K
EHI
128
Western Asset Global High Income Fund
EHI
$178M
$1.01M 0.11%
81,575
+67,675
+487% +$809K
ARK
129
DELISTED
BLACKROCK SR HIGH INCM FD INC
ARK
$960K 0.1%
243,706
+142,104
+140% +$565K
TSI
130
TCW Strategic Income Fund
TSI
$213M
$939K 0.1%
174,144
– –
GHI
131
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
$926K 0.1%
+89,961
New +$931K
GLV
132
Clough Global Dividend & Income Fund
GLV
$78.1M
$917K 0.1%
60,210
+5,155
+9% +$78.2K
EMD
133
DELISTED
Western Asset Emerging Markets
EMD
$910K 0.1%
72,602
+50,553
+229% +$631K
HYB
134
DELISTED
New America High Income Fund, Inc.
HYB
$889K 0.09%
93,512
-22,606
-19% -$216K
NKX icon
135
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$657M
$888K 0.09%
+71,932
New +$884K
MMU
136
Western Asset Managed Municipals Fund
MMU
$554M
$886K 0.09%
71,707
+11,700
+19% +$142K
GDL
137
GDL Fund
GDL
$92.1M
$880K 0.09%
77,973
-263,479
-77% -$3.01M
NMZ icon
138
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.22B
$872K 0.09%
+74,738
New +$867K
HEQ
139
John Hancock Hedged Equity & Income Fund
HEQ
$140M
$803K 0.08%
48,304
-42,365
-47% -$716K
NSLR
140
Neostellar Capital Corp
NSLR
$254M
$783K 0.08%
81,409
-487,586
-86% -$3.55M
BHY
141
DELISTED
BLACKROCK HIGH YIELD TST SBI
BHY
$759K 0.08%
+109,655
New +$760K
FEN
142
DELISTED
First Trust Energy Income and Growth Fund
FEN
$730K 0.08%
22,827
-128,939
-85% -$4.2M
MNP
143
DELISTED
Western Asset Municipal Partners Fund, Inc.
MNP
$730K 0.08%
+52,800
New +$723K
ACAS
144
DELISTED
American Capital Ltd
ACAS
$701K 0.07%
+51,000
New +$671K
HYF
145
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
$684K 0.07%
341,936
+22,709
+7% +$44.6K
MUH
146
DELISTED
Blackrock Muniholdings Fund II, Inc.
MUH
$601K 0.06%
42,477
-26,967
-39% -$372K
GHY
147
PGIM Global High Yield Fund
GHY
$483M
$591K 0.06%
33,907
-323,639
-91% -$5.6M
VKI icon
148
Invesco Advantage Municipal Income Trust II
VKI
$401M
$577K 0.06%
+53,850
New +$571K
ICB
149
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$561K 0.06%
33,713
– –
EQS icon
150
Equus Total Return
EQS
$16.8M
$558K 0.06%
295,005
– –
4 5
6
7 8

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Rivernorth Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Rivernorth Capital Management held 211 positions worth $950M, up 5.8% from $898M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management deployed $50.3M of net new capital in Q3 2013, opening 46 new positions and adding to 83 existing holdings. Its largest new stake was CORNERSTONE PROGRESSIVE RETURN FD COM: 205,617 shares worth $4.22M.

By sector, the portfolio is most concentrated in Financials at 4% of assets, down from 4.1% a quarter earlier, followed by Technology and Energy.

On the sell side, the largest reduction was Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund, an estimated $7.23M trimmed.

  • Rivernorth Capital Management's largest Q3 2013 buy was CORNERSTONE PROGRESSIVE RETURN FD COM: 205,617 shares worth $4.22M.
  • Rivernorth Capital Management added most to NUVEEN PREMIUM INCM MUNI FD II in Q3 2013, an estimated $7.94M increase.
  • Rivernorth Capital Management's biggest Q3 2013 reduction was Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund, cutting an estimated $7.23M.
  • Rivernorth Capital Management fully exited Eaton Vance Tax-Managed Global Diversified Equity Income Fund in Q3 2013, selling an estimated $8.99M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $950M portfolio in Q3 2013.
  • Rivernorth Capital Management opened 46 new positions and closed 23 in Q3 2013.
  • Rivernorth Capital Management's portfolio value rose 5.8% quarter-over-quarter to $950M.

Based on Rivernorth Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.