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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
+1.27%
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
$1.31B
AUM Growth
-$135M
Cap. Flow
-$154M
Cap. Flow %
-11.81%
Top 10 Hldgs %
33.37%
Holding
166
New
25
Increased
37
Reduced
63
Closed
26

Top Buys

Rank Stock Value
1
ARCC icon
Ares Capital
ARCC
+$19.1M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$10.4M
3
CGBD icon
Carlyle Secured Lending
CGBD
+$5.76M
4
LCM
Advent/Claymore Enhanced Gth & F
LCM
+$5.33M
5
BRQS
Borqs Technologies, Inc. Ordinary Shares
BRQS
+$5.06M

Top Sells

Rank Stock Value
1
ERC
Allspring Multi-Sector Income Fund
ERC
+$17.4M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$15M
3
GLO
Clough Global Opportunities Fund
GLO
+$13M
4
RA
Brookfield Real Assets Income Fund
RA
+$11.6M
5
USA icon
Liberty All-Star Equity Fund
USA
+$9.55M

Sector Composition

Rank Sector Weight
1 Financials 5.18%
2 Technology 0.84%
3 Energy 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MVC
126
DELISTED
MVC Capital, Inc.
MVC
$533K 0.04%
54,023
-218,883
-80% -$2.01M
ABE
127
DELISTED
Aberdeen Emerging Markets Smaller Company Opportunities Fund
ABE
$404K 0.03%
29,261
+18,561
+173% +$255K
KEF
128
DELISTED
Korea Equity Fund
KEF
$344K 0.03%
+48,903
New +$450K
DDF
129
DELISTED
Delaware Investments Dividend & Income Fund, Inc.
DDF
$334K 0.03%
+31,905
New +$332K
EACQ
130
DELISTED
Easterly Acquisition Corp
EACQ
$212K 0.02%
21,058
-52,000
-71% -$518K
ROSEW
131
DELISTED
Rosehill Resources Inc.
ROSEW
$132K 0.01%
+119,700
New +$147K
NESRW
132
DELISTED
National Energy Services Reunited Corp. Warrant
NESRW
$92K 0.01%
+230,000
New +$99.9K
MPACW
133
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
$75K 0.01%
+150,000
New +$67.7K
FNTEW
134
DELISTED
FinTech Acquisition Corp. II Warrant
FNTEW
$75K 0.01%
+62,501
New +$73.2K
FMCIR
135
DELISTED
Forum Merger Corporation Right
FMCIR
$70K 0.01%
+200,000
New +$79.1K
STLRW
136
DELISTED
Stellar Acquisition III Inc. Warrants
STLRW
$64K ﹤0.01%
200,000
– –
GTYHW
137
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$48K ﹤0.01%
26,667
– –
FMCIW
138
DELISTED
Forum Merger Corporation Warrant
FMCIW
$34K ﹤0.01%
+100,000
New +$41.3K
EACQW
139
DELISTED
Easterly Acquisition Corp.
EACQW
$31K ﹤0.01%
36,529
– –
HUNTW
140
DELISTED
Hunter Maritime Acquisition Corp. Warrant
HUNTW
$23K ﹤0.01%
75,001
– –
ACP
141
abrdn Income Credit Strategies Fund
ACP
$636M
– –
-29,351
Closed -$397K
BBDC icon
142
Barings BDC
BBDC
$969M
– –
-76,796
Closed -$1.47M
BGY icon
143
BlackRock Enhanced International Dividend Trust
BGY
$528M
– –
-508,791
Closed -$2.95M
CHY
144
Calamos Convertible and High Income Fund
CHY
$1.05B
– –
-165,233
Closed -$1.88M
CIF
145
DELISTED
MFS Intermediate High Income Fund
CIF
– –
-758,415
Closed -$2M
CIK
146
Credit Suisse Asset Management Income Fund
CIK
$134M
– –
-82,720
Closed -$273K
FTF
147
Franklin Limited Duration Income Trust
FTF
$232M
– –
-299,828
Closed -$3.59M
GCV
148
Gabelli Convertible and Income Securities Fund
GCV
$94.5M
– –
-17,429
Closed -$86K
IGD
149
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$516M
– –
-245,335
Closed -$1.8M
KIO
150
KKR Income Opportunities Fund
KIO
$457M
– –
-16,749
Closed -$285K
3 4 5
6
7

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Rivernorth Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Rivernorth Capital Management held 166 positions worth $1.31B, down 9.3% from $1.44B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Rivernorth Capital Management withdrew a net $154M in Q2 2017, closing 26 positions and reducing 63 holdings. Its most notable exit was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $15M position sold in full.

By sector, the portfolio is most concentrated in Financials at 5.2% of assets, up from 4% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in Carlyle Secured Lending worth $5.68M.

  • Rivernorth Capital Management's largest Q2 2017 buy was Carlyle Secured Lending: 315,143 shares worth $5.68M.
  • Rivernorth Capital Management added most to Ares Capital in Q2 2017, an estimated $19.1M increase.
  • Rivernorth Capital Management's biggest Q2 2017 reduction was Allspring Multi-Sector Income Fund, cutting an estimated $17.4M.
  • Rivernorth Capital Management fully exited PIMCO Dynamic Credit and Mortgage Income Fund in Q2 2017, selling an estimated $15M.
  • Rivernorth Capital Management's ten largest holdings make up 33% of its $1.31B portfolio in Q2 2017.
  • Rivernorth Capital Management opened 25 new positions and closed 26 in Q2 2017.
  • Rivernorth Capital Management's portfolio value fell 9.3% quarter-over-quarter to $1.31B.

Based on Rivernorth Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.