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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
+4.37%
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
$1.38B
AUM Growth
-$169M
Cap. Flow
-$230M
Cap. Flow %
-16.68%
Top 10 Hldgs %
26.9%
Holding
161
New
12
Increased
41
Reduced
71
Closed
22

Top Buys

Rank Stock Value
1
PPT
Franklin Premier Income Trust
PPT
+$7.88M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$7.58M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.54M
4
SPE.PRB
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
+$5.33M
5
JGV
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
+$4.58M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$73.2M
2
ACG
AllianceBernstein Income Fund Inc
ACG
+$39.4M
3
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$20.9M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.4M
5
OCSI
Oaktree Strategic Income Corporation
OCSI
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 3.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHI
126
Calamos Convertible Opportunities and Income Fund
CHI
$1.05B
$1.01M 0.07%
97,884
-2,010,618
-95% -$20.9M
KST
127
DELISTED
Deutsche Strategic Income Trust
KST
$988K 0.07%
81,529
-77,823
-49% -$928K
RGT
128
Royce Global Value Trust
RGT
$102M
$956K 0.07%
117,716
– –
EFF
129
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$889K 0.06%
+56,844
New +$875K
IHD
130
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$131M
$865K 0.06%
105,661
-131,263
-55% -$1.03M
KIO
131
KKR Income Opportunities Fund
KIO
$457M
$773K 0.06%
48,232
-99,756
-67% -$1.57M
EACQ
132
DELISTED
Easterly Acquisition Corp
EACQ
$726K 0.05%
+73,058
New +$723K
SAR icon
133
Saratoga Investment
SAR
$322M
$532K 0.04%
29,787
-85,545
-74% -$1.51M
OCSI
134
DELISTED
Oaktree Strategic Income Corporation
OCSI
$507K 0.04%
59,251
-1,559,364
-96% -$13.3M
MCN
135
Madison Covered Call & Equity Strategy Fund
MCN
$118M
$489K 0.04%
62,907
– –
GGZ
136
Gabelli Global Small and Mid-Cap Value Trust
GGZ
$127M
$358K 0.03%
33,117
– –
NEA icon
137
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$242K 0.02%
+16,574
New +$247K
BCX icon
138
BlackRock Resources & Commodities Strategy Trust
BCX
$923M
$235K 0.02%
28,792
-176,184
-86% -$1.41M
MZF
139
DELISTED
Managed Duration Inv Grd Muni Fd
MZF
$205K 0.01%
+14,310
New +$208K
AWF
140
AllianceBernstein Global High Income Fund
AWF
$872M
– –
-677,921
Closed -$8.32M
BKT icon
141
BlackRock Income Trust
BKT
$341M
– –
-20,180
Closed -$401K
CEE
142
Central and Eastern Europe Fund
CEE
$139M
– –
-122,057
Closed -$2.24M
CET
143
Central Securities Corp
CET
$1.65B
– –
-21,195
Closed -$416K
CHY
144
Calamos Convertible and High Income Fund
CHY
$1.06B
– –
-313,808
Closed -$3.33M
EAD
145
Allspring Income Opportunities Fund
EAD
$379M
– –
-197,444
Closed -$1.56M
ISD
146
PGIM High Yield Bond Fund
ISD
$419M
– –
-321,101
Closed -$5.07M
JFR icon
147
Nuveen Floating Rate Income Fund
JFR
$1.25B
– –
-407,697
Closed -$4.22M
NVG icon
148
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.7B
– –
-38,369
Closed -$624K
NZF icon
149
Nuveen Municipal Credit Income Fund
NZF
$2.45B
– –
-39,157
Closed -$623K
PIM
150
Franklin Master Intermediate Income Trust
PIM
$151M
– –
-157,528
Closed -$682K
3 4 5
6
7

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Rivernorth Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Rivernorth Capital Management held 161 positions worth $1.38B, down 11% from $1.55B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $230M in Q3 2016, closing 22 positions and reducing 71 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $39.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.5% of assets, down from 4.6% a quarter earlier.

Against the trend, Rivernorth Capital Management opened a new position in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B worth $5.36M.

  • Rivernorth Capital Management's largest Q3 2016 buy was Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B: 207,430 shares worth $5.36M.
  • Rivernorth Capital Management added most to Franklin Premier Income Trust in Q3 2016, an estimated $7.88M increase.
  • Rivernorth Capital Management's biggest Q3 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $73.2M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q3 2016, selling an estimated $39.4M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.38B portfolio in Q3 2016.
  • Rivernorth Capital Management opened 12 new positions and closed 22 in Q3 2016.
  • Rivernorth Capital Management's portfolio value fell 11% quarter-over-quarter to $1.38B.

Based on Rivernorth Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.