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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
-0.37%
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
$1.2B
AUM Growth
-$71.2M
Cap. Flow
-$66.9M
Cap. Flow %
-5.58%
Top 10 Hldgs %
30.99%
Holding
261
New
52
Increased
65
Reduced
44
Closed
48

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$17.5M
3
CRF
Cornerstone Total Return Fund
CRF
+$8.55M
4
PCF
High Income Securities Fund
PCF
+$6.75M
5
AVK
Advent Convertible and Income Fund
AVK
+$5.73M

Top Sells

Rank Stock Value
1
MZF
Managed Duration Inv Grd Muni Fd
MZF
+$14.8M
2
RA
Brookfield Real Assets Income Fund
RA
+$13.6M
3
USA icon
Liberty All-Star Equity Fund
USA
+$13M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$8.26M

Sector Composition

Rank Sector Weight
1 Financials 2.31%
2 Consumer Discretionary 1.27%
3 Technology 1.03%
4 Healthcare 0.65%
5 Communication Services 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NCA icon
126
Nuveen California Municipal Value Fund
NCA
$303M
$1.06M 0.09%
113,340
-68,246
-38% -$651K
LOACU
127
DELISTED
Longevity Acquisition Corporation Units
LOACU
$1.02M 0.09%
+100,000
New +$1.02M
LSEA
128
DELISTED
Landsea Homes
LSEA
$960K 0.08%
+100,000
New +$960K
ALGR
129
DELISTED
Allegro Merger Corp
ALGR
$953K 0.08%
+100,000
New +$955K
BRMK
130
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
$944K 0.08%
96,000
– –
MMT
131
Aberdeen Multi-Market Income Fund
MMT
$242M
$925K 0.08%
167,343
-85,490
-34% -$479K
JRO
132
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$872K 0.07%
+84,622
New +$866K
SBI
133
Western Asset Intermediate Muni Fund
SBI
$108M
$856K 0.07%
+101,193
New +$868K
CHN
134
DELISTED
China Fund
CHN
$850K 0.07%
43,355
+4,517
+12% +$90.2K
GTYH
135
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
$811K 0.07%
80,001
– –
NKX icon
136
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$661M
$754K 0.06%
+58,565
New +$785K
CEV
137
Eaton Vance California Municipal Income Trust
CEV
$73.2M
$739K 0.06%
+65,845
New +$752K
GTEC icon
138
Greenland Technologies Holding
GTEC
$14.3M
$725K 0.06%
+75,000
New +$725K
EIA
139
DELISTED
Eaton Vance California Municipal Bond II Shares of Ben. Int.
EIA
$704K 0.06%
+68,759
New +$734K
MIW
140
DELISTED
Eaton Vance Michigan Municipal Bond Fund
MIW
$562K 0.05%
44,747
+3,900
+10% +$50.8K
SEVN
141
Seven Hills Realty Trust
SEVN
$170M
$557K 0.05%
+31,000
New +$573K
CCC.U
142
DELISTED
Churchill Capital Corp
CCC.U
$507K 0.04%
+50,000
New +$506K
NESRW
143
DELISTED
National Energy Services Reunited Corp. Warrant
NESRW
$484K 0.04%
216,015
– –
GB
144
DELISTED
Global Blue Group Holding
GB
$482K 0.04%
49,995
+34,647
+226% +$336K
CCA
145
DELISTED
MFS California Municipal Fund
CCA
$467K 0.04%
+45,937
New +$472K
EMI
146
DELISTED
Eaton Vance Michigan Municipal Income Trust
EMI
$395K 0.03%
31,810
– –
EMJ
147
DELISTED
Eaton Vance New Jersey Municipal Bond Fund
EMJ
$392K 0.03%
+33,325
New +$399K
BQH
148
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$386K 0.03%
+29,973
New +$390K
IHD
149
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$132M
$378K 0.03%
+46,853
New +$366K
MMV
150
DELISTED
Eaton Vance Massachusetts Municipal Income Trust
MMV
$361K 0.03%
+28,952
New +$366K
4 5
6
7 8

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Rivernorth Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Rivernorth Capital Management held 261 positions worth $1.2B, down 5.6% from $1.27B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $66.9M in Q3 2018, closing 48 positions and reducing 44 holdings. Its most notable exit was Managed Duration Inv Grd Muni Fd, an estimated $14.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.5M.

  • Rivernorth Capital Management's largest Q3 2018 buy was Cornerstone Strategic Value Fund: 1,558,375 shares worth $21.5M.
  • Rivernorth Capital Management added most to High Income Securities Fund in Q3 2018, an estimated $6.75M increase.
  • Rivernorth Capital Management's biggest Q3 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $13M.
  • Rivernorth Capital Management fully exited Managed Duration Inv Grd Muni Fd in Q3 2018, selling an estimated $14.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.2B portfolio in Q3 2018.
  • Rivernorth Capital Management opened 52 new positions and closed 48 in Q3 2018.
  • Rivernorth Capital Management's portfolio value fell 5.6% quarter-over-quarter to $1.2B.

Based on Rivernorth Capital Management's 13F filing for Q3 2018, filed 15 Nov 2018.