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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
+3.4%
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
$1.55B
AUM Growth
-$79.6M
Cap. Flow
-$130M
Cap. Flow %
-8.41%
Top 10 Hldgs %
28.65%
Holding
179
New
8
Increased
63
Reduced
56
Closed
30

Top Buys

Rank Stock Value
1
ZF
Virtus Total Return Fund Inc.
ZF
+$7.22M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$6.69M
3
AVK
Advent Convertible and Income Fund
AVK
+$4.94M
4
EMD
Western Asset Emerging Markets
EMD
+$4.87M
5
RVT icon
Royce Value Trust
RVT
+$4.75M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$20.3M
2
ACAS
American Capital Ltd
ACAS
+$19.5M
3
PCEF icon
Invesco CEF Income Composite ETF
PCEF
+$14.9M
4
AWF
AllianceBernstein Global High Income Fund
AWF
+$10.5M
5
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$9.22M

Sector Composition

Rank Sector Weight
1 Financials 4.63%
2 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KIO
126
KKR Income Opportunities Fund
KIO
$457M
$2.23M 0.14%
147,988
-51,149
-26% -$756K
PCF
127
High Income Securities Fund
PCF
$99.9M
$2.12M 0.14%
275,931
+75,004
+37% +$566K
KLREU
128
DELISTED
KLR Energy Acquisition Corp.
KLREU
$2.03M 0.13%
200,000
– –
SAR icon
129
Saratoga Investment
SAR
$322M
$1.95M 0.13%
115,332
-179,573
-61% -$2.95M
MSP
130
DELISTED
Madison Strategic Sector
MSP
$1.91M 0.12%
165,767
+16,412
+11% +$186K
KST
131
DELISTED
Deutsche Strategic Income Trust
KST
$1.83M 0.12%
159,352
+45,864
+40% +$523K
IHD
132
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$131M
$1.74M 0.11%
236,924
-38,964
-14% -$285K
LBF
133
DELISTED
Deutsche Global High Incm Fund
LBF
$1.67M 0.11%
205,534
– –
BCX icon
134
BlackRock Resources & Commodities Strategy Trust
BCX
$923M
$1.58M 0.1%
+204,976
New +$1.54M
EAD
135
Allspring Income Opportunities Fund
EAD
$379M
$1.56M 0.1%
197,444
+45,703
+30% +$354K
AGD
136
abrdn Global Dynamic Dividend Fund
AGD
$320M
$1.47M 0.09%
173,356
+122,854
+243% +$1.05M
NBD
137
DELISTED
Nuveen Build Am Bond Opp Fd
NBD
$1.22M 0.08%
53,894
-59,742
-53% -$1.31M
XRDC
138
DELISTED
Crossroads Capital, Inc
XRDC
$1.19M 0.08%
579,042
– –
PPT
139
Franklin Premier Income Trust
PPT
$328M
$1.03M 0.07%
+218,600
New +$1.03M
RGT
140
Royce Global Value Trust
RGT
$102M
$895K 0.06%
117,716
+4,900
+4% +$37K
PIM
141
Franklin Master Intermediate Income Trust
PIM
$151M
$682K 0.04%
157,528
-63,295
-29% -$277K
NVG icon
142
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.7B
$624K 0.04%
38,369
-173,115
-82% -$2.71M
NZF icon
143
Nuveen Municipal Credit Income Fund
NZF
$2.45B
$623K 0.04%
+39,157
New +$605K
MCN
144
Madison Covered Call & Equity Strategy Fund
MCN
$118M
$482K 0.03%
+62,907
New +$473K
CFD
145
DELISTED
Nuveen Diversified Commodity Fnd
CFD
$455K 0.03%
46,384
-21,656
-32% -$203K
CET
146
Central Securities Corp
CET
$1.65B
$416K 0.03%
21,195
-59,200
-74% -$1.16M
BKT icon
147
BlackRock Income Trust
BKT
$341M
$401K 0.03%
+20,180
New +$397K
GGZ
148
Gabelli Global Small and Mid-Cap Value Trust
GGZ
$127M
$344K 0.02%
33,117
– –
CLM icon
149
Cornerstone Strategic Value Fund
CLM
$2.25B
– –
-231,569
Closed -$3.34M
EDF
150
Virtus Stone Harbor Emerging Markets Income Fund
EDF
$171M
– –
-131,962
Closed -$1.69M
4 5
6
7 8

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Rivernorth Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Rivernorth Capital Management held 179 positions worth $1.55B, down 4.9% from $1.63B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $130M in Q2 2016, closing 30 positions and reducing 56 holdings. Its most notable exit was Invesco CEF Income Composite ETF, an estimated $14.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.6% of assets, down from 5.8% a quarter earlier, followed by Real Estate.

Against the trend, Rivernorth Capital Management opened a new position in Pacholder High Yield worth $2.91M.

  • Rivernorth Capital Management's largest Q2 2016 buy was Pacholder High Yield: 411,366 shares worth $2.91M.
  • Rivernorth Capital Management added most to Virtus Total Return Fund Inc. in Q2 2016, an estimated $7.22M increase.
  • Rivernorth Capital Management's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
  • Rivernorth Capital Management fully exited Invesco CEF Income Composite ETF in Q2 2016, selling an estimated $14.9M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $1.55B portfolio in Q2 2016.
  • Rivernorth Capital Management opened 8 new positions and closed 30 in Q2 2016.
  • Rivernorth Capital Management's portfolio value fell 4.9% quarter-over-quarter to $1.55B.

Based on Rivernorth Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.