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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
-2.98%
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
$1.35B
AUM Growth
-$92.5M
Cap. Flow
-$51.2M
Cap. Flow %
-3.81%
Top 10 Hldgs %
30.02%
Holding
201
New
31
Increased
45
Reduced
55
Closed
20

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$15.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$13M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$9.27M
4
DDF
Delaware Investments Dividend & Income Fund, Inc.
DDF
+$7.68M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$6.3M

Top Sells

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$27M
2
USA icon
Liberty All-Star Equity Fund
USA
+$22M
3
PHK
PIMCO High Income Fund
PHK
+$17.7M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$15.8M
5
CCT
Corporate Capital Trust, Inc.
CCT
+$15.7M

Sector Composition

Rank Sector Weight
1 Financials 2.5%
2 Technology 0.89%
3 Energy 0.4%
4 Industrials 0.34%
5 Consumer Discretionary 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FLC
126
Flaherty & Crumrine Total Return Fund
FLC
$175M
$1.38M 0.1%
+69,574
New +$1.41M
PMF
127
DELISTED
PIMCO Municipal Income Fund
PMF
$1.3M 0.1%
103,646
-21,932
-17% -$279K
ADX icon
128
Adams Diversified Equity Fund
ADX
$3.21B
$1.26M 0.09%
85,549
-78,797
-48% -$1.21M
TIBRU
129
DELISTED
Tiberius Acquisition Corporation Units
TIBRU
$1.26M 0.09%
+125,000
New +$1.26M
IMXI icon
130
International Money Express
IMXI
$356M
$1.24M 0.09%
125,002
– –
RVT icon
131
Royce Value Trust
RVT
$2.29B
$1.24M 0.09%
79,861
-234,049
-75% -$3.78M
BCAC
132
DELISTED
Bison Capital Acquistion Corp Ordinary Shares
BCAC
$1.24M 0.09%
125,000
– –
DOTA
133
DELISTED
Draper Oakwood Technology Acquisition, Inc. Class A Common Stock
DOTA
$1.18M 0.09%
120,000
– –
GUT
134
Gabelli Utility Trust
GUT
$573M
$1.15M 0.09%
+189,788
New +$1.28M
DMTK
135
DELISTED
DermTech, Inc. Common Stock
DMTK
$1.11M 0.08%
56,235
-3,765
-6% -$73.8K
GAB icon
136
Gabelli Equity Trust
GAB
$1.79B
$1.06M 0.08%
178,003
-1,080,169
-86% -$6.66M
GDO
137
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.3M
$1.03M 0.08%
+61,413
New +$1.06M
JPC icon
138
Nuveen Preferred & Income Opportunities Fund
JPC
$2.93B
$946K 0.07%
+94,481
New +$933K
JPI
139
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$890K 0.07%
+37,556
New +$898K
SCD
140
LMP Capital and Income Fund
SCD
$358M
$819K 0.06%
64,910
-24,325
-27% -$331K
GTYH
141
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
$796K 0.06%
80,001
– –
MXE
142
Mexico Equity and Income Fund
MXE
$59.6M
$715K 0.05%
+65,237
New +$714K
IGR
143
CBRE Global Real Estate Income Fund
IGR
$707M
$683K 0.05%
+93,500
New +$704K
TCPC icon
144
BlackRock TCP Capital
TCPC
$331M
$635K 0.05%
+44,651
New +$656K
NBB icon
145
Nuveen Taxable Municipal Income Fund
NBB
$453M
$629K 0.05%
+30,243
New +$633K
MSP
146
DELISTED
Madison Strategic Sector
MSP
$229K 0.02%
20,427
-182,591
-90% -$2.12M
KST
147
DELISTED
Deutsche Strategic Income Trust
KST
$214K 0.02%
+17,460
New +$215K
NESRW
148
DELISTED
National Energy Services Reunited Corp. Warrant
NESRW
$207K 0.02%
230,000
– –
RNP icon
149
Cohen & Steers REIT and Preferred and Income Fund
RNP
$980M
$192K 0.01%
+10,266
New +$196K
WRLSR
150
DELISTED
Pensare Acquisition Corp. Right to purchase 1/10 of common stock
WRLSR
$175K 0.01%
349,994
– –
4 5
6
7 8

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Rivernorth Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Rivernorth Capital Management held 201 positions worth $1.35B, down 6.4% from $1.44B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $51.2M in Q1 2018, closing 20 positions and reducing 55 holdings. Its most notable exit was Cornerstone Strategic Value Fund, an estimated $27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.5% of assets, down from 3.9% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $14.7M.

  • Rivernorth Capital Management's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 55,719 shares worth $14.7M.
  • Rivernorth Capital Management added most to abrdn Total Dynamic Dividend Fund in Q1 2018, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $22M.
  • Rivernorth Capital Management fully exited Cornerstone Strategic Value Fund in Q1 2018, selling an estimated $27M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.35B portfolio in Q1 2018.
  • Rivernorth Capital Management opened 31 new positions and closed 20 in Q1 2018.
  • Rivernorth Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.35B.

Based on Rivernorth Capital Management's 13F filing for Q1 2018, filed 15 May 2018.