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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
+3.71%
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
$1.44B
AUM Growth
-$91.6M
Cap. Flow
-$143M
Cap. Flow %
-9.9%
Top 10 Hldgs %
32.74%
Holding
179
New
28
Increased
39
Reduced
65
Closed
38

Top Buys

Rank Stock Value
1
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$63.8M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$18.3M
3
RA
Brookfield Real Assets Income Fund
RA
+$16.3M
4
ARCC icon
Ares Capital
ARCC
+$13.6M
5
EHI
Western Asset Global High Income Fund
EHI
+$13.1M

Top Sells

Rank Stock Value
1
ACAS
American Capital Ltd
ACAS
+$43.3M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$37.1M
3
EMD
Western Asset Emerging Markets
EMD
+$28.2M
4
CHY
Calamos Convertible and High Income Fund
CHY
+$17.8M
5
PPT
Franklin Premier Income Trust
PPT
+$12.9M

Sector Composition

Rank Sector Weight
1 Financials 4.03%
2 Technology 0.2%
3 Energy 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPW
126
DELISTED
Nuveen Flexible Invstment Fd
JPW
$410K 0.03%
24,200
-1,200
-5% -$20.4K
ACP
127
abrdn Income Credit Strategies Fund
ACP
$637M
$397K 0.03%
29,351
-181,599
-86% -$2.45M
LAQ
128
DELISTED
Aberdeen Latin America Equity Fund
LAQ
$352K 0.02%
+14,986
New +$327K
PCF
129
High Income Securities Fund
PCF
$99.9M
$347K 0.02%
+40,009
New +$341K
DCA
130
DELISTED
Virtus Total Return Fund
DCA
$323K 0.02%
73,870
-1,796,949
-96% -$8.13M
KIO
131
KKR Income Opportunities Fund
KIO
$457M
$285K 0.02%
16,749
-63,076
-79% -$1.05M
CIK
132
Credit Suisse Asset Management Income Fund
CIK
$134M
$273K 0.02%
82,720
-503,498
-86% -$1.65M
MSP
133
DELISTED
Madison Strategic Sector
MSP
$255K 0.02%
+20,921
New +$253K
KLREW
134
DELISTED
KLR Energy Acquisition Corp.
KLREW
$219K 0.02%
+185,800
New +$245K
ABE
135
DELISTED
Aberdeen Emerging Markets Smaller Company Opportunities Fund
ABE
$140K 0.01%
10,700
-257,887
-96% -$3.1M
IF
136
DELISTED
Aberdeen Indonesia Fund
IF
$107K 0.01%
+14,900
New +$98.4K
GCV
137
Gabelli Convertible and Income Securities Fund
GCV
$94.7M
$86K 0.01%
+17,429
New +$85.1K
STLRW
138
DELISTED
Stellar Acquisition III Inc. Warrants
STLRW
$68K οΉ€0.01%
+200,000
New +$63.7K
HUNTW
139
DELISTED
Hunter Maritime Acquisition Corp. Warrant
HUNTW
$60K οΉ€0.01%
+75,001
New +$58.6K
GTYHW
140
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$31K οΉ€0.01%
+26,667
New +$31.1K
EACQW
141
DELISTED
Easterly Acquisition Corp.
EACQW
$13K οΉ€0.01%
+36,529
New +$15K
AWP
142
abrdn Global Premier Properties Fund
AWP
$367M
– –
-238,895
Closed -$3.68M
BGH
143
Barings Global Short Duration High Yield Fund
BGH
$287M
– –
-204,618
Closed -$3.94M
CCD
144
Calamos Dynamic Convertible & Income Fund
CCD
$742M
– –
-140,942
Closed -$2.47M
CHI
145
Calamos Convertible Opportunities and Income Fund
CHI
$1.05B
– –
-1,094,258
Closed -$11M
CLM icon
146
Cornerstone Strategic Value Fund
CLM
$2.25B
– –
-211,383
Closed -$3.16M
ECC
147
Eagle Point Credit Company
ECC
$513M
– –
-77,920
Closed -$1.3M
FRA icon
148
BlackRock Floating Rate Income Strategies Fund
FRA
$385M
– –
-181,162
Closed -$2.61M
GGN
149
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$819M
– –
-658,832
Closed -$3.49M
HPS
150
John Hancock Preferred Income Fund III
HPS
$458M
– –
-118,993
Closed -$2.11M
4 5
6
7 8

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Rivernorth Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Rivernorth Capital Management held 179 positions worth $1.44B, down 6% from $1.53B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Rivernorth Capital Management withdrew a net $143M in Q1 2017, closing 38 positions and reducing 65 holdings. Its most notable exit was American Capital Ltd, an estimated $43.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4% of assets, down from 5% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in Western Asset Emerging Markets Debt Fund worth $64.7M.

  • Rivernorth Capital Management's largest Q1 2017 buy was Western Asset Emerging Markets Debt Fund: 4,171,753 shares worth $64.7M.
  • Rivernorth Capital Management added most to Western Asset High Income Opportunity Fund in Q1 2017, an estimated $18.3M increase.
  • Rivernorth Capital Management's biggest Q1 2017 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $37.1M.
  • Rivernorth Capital Management fully exited American Capital Ltd in Q1 2017, selling an estimated $43.3M.
  • Rivernorth Capital Management's ten largest holdings make up 33% of its $1.44B portfolio in Q1 2017.
  • Rivernorth Capital Management opened 28 new positions and closed 38 in Q1 2017.
  • Rivernorth Capital Management's portfolio value fell 6% quarter-over-quarter to $1.44B.

Based on Rivernorth Capital Management's 13F filing for Q1 2017, filed 15 May 2017.