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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
+8.69%
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
$1.52B
AUM Growth
-$160M
Cap. Flow
-$284M
Cap. Flow %
-18.72%
Top 10 Hldgs %
30.38%
Holding
315
New
23
Increased
46
Reduced
77
Closed
81

Top Buys

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$10.6M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$10.6M
3
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$8.55M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.34M
5
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$7.1M

Top Sells

Rank Stock Value
1
FSK icon
FS KKR Capital
FSK
+$17.4M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$15.2M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$14.8M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.1M
5
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 3.18%
2 Consumer Discretionary 0.9%
3 Technology 0.67%
4 Healthcare 0.37%
5 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMCIU
126
DELISTED
AMCI Acquisition Corp Unit
AMCIU
$2.02M 0.13%
200,000
– –
HYMC icon
127
Hycroft Mining Holding Corp
HYMC
$2.54B
$2.02M 0.13%
20,000
– –
HCACU
128
DELISTED
Hennessy Capital Acquisition Corp. IV Unit
HCACU
$2.02M 0.13%
+200,000
New +$2.01M
NCA icon
129
Nuveen California Municipal Value Fund
NCA
$303M
$2.02M 0.13%
210,736
-200,045
-49% -$1.89M
BWMCU
130
DELISTED
Boxwood Merger Corp. Unit
BWMCU
$2.01M 0.13%
200,000
– –
ID
131
DELISTED
PARTS iD, Inc.
ID
$2.01M 0.13%
200,000
– –
CHAC.U
132
DELISTED
Chardan Healthcare Acquisition Corp.
CHAC.U
$2.01M 0.13%
200,000
– –
LVOXU
133
DELISTED
LiveVox Holding, Inc. Unit
LVOXU
$2M 0.13%
+200,000
New +$2M
OHAI
134
DELISTED
OHA Investment Corporation
OHAI
$1.97M 0.13%
1,640,387
– –
AIFA
135
All In FutureTech Alliance Inc
AIFA
$13.5M
$1.95M 0.13%
31,843
– –
HOFV
136
DELISTED
Hall of Fame Resort & Entertainment Co
HOFV
$1.78M 0.12%
11,303
– –
BCX icon
137
BlackRock Resources & Commodities Strategy Trust
BCX
$962M
$1.59M 0.1%
194,697
-39,299
-17% -$310K
MTEC
138
DELISTED
MTech Acquisition Corp. Class A Common Stock
MTEC
$1.56M 0.1%
155,000
– –
MFAC.U
139
DELISTED
Megalith Financial Acquisition Corp. Units, each consisting of one share of Class A Common Stock, an
MFAC.U
$1.54M 0.1%
150,000
– –
RPAY icon
140
Repay Holdings
RPAY
$317M
$1.53M 0.1%
150,000
– –
CFFAU
141
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
$1.53M 0.1%
150,000
– –
SEGG
142
Sports Entertainment Gaming Global Corp
SEGG
$8.15M
$1.53M 0.1%
107
– –
FTACU
143
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
$1.53M 0.1%
150,000
– –
IQI icon
144
Invesco Quality Municipal Securities
IQI
$533M
$1.51M 0.1%
124,370
+26,080
+27% +$310K
NKLA
145
DELISTED
Nikola Corporation Common Stock
NKLA
$1.5M 0.1%
5,000
– –
NAN icon
146
Nuveen New York Quality Municipal Income Fund
NAN
$373M
$1.45M 0.1%
108,500
+4,300
+4% +$55.5K
KTF
147
DWS Municipal Income Trust
KTF
$352M
$1.37M 0.09%
123,914
-13,654
-10% -$148K
MXE
148
Mexico Equity and Income Fund
MXE
$59.6M
$1.34M 0.09%
126,685
-68,923
-35% -$743K
MUI
149
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$1.3M 0.09%
94,168
-595,334
-86% -$7.97M
TZACU
150
DELISTED
Tenzing Acquisition Corp. Units
TZACU
$1.28M 0.08%
125,000
– –
4 5
6
7 8

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Rivernorth Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Rivernorth Capital Management held 315 positions worth $1.52B, down 9.6% from $1.68B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $284M in Q1 2019, closing 81 positions and reducing 77 holdings. Its most notable exit was Nuveen Preferred & Income Securities Fund, an estimated $15.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.2% of assets, down from 4.3% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniYield Quality Fund III worth $8.83M.

  • Rivernorth Capital Management's largest Q1 2019 buy was BlackRock MuniYield Quality Fund III: 683,169 shares worth $8.83M.
  • Rivernorth Capital Management added most to Western Asset Global High Income Fund in Q1 2019, an estimated $10.6M increase.
  • Rivernorth Capital Management's biggest Q1 2019 reduction was FS KKR Capital, cutting an estimated $17.4M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q1 2019, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.52B portfolio in Q1 2019.
  • Rivernorth Capital Management opened 23 new positions and closed 81 in Q1 2019.
  • Rivernorth Capital Management's portfolio value fell 9.6% quarter-over-quarter to $1.52B.

Based on Rivernorth Capital Management's 13F filing for Q1 2019, filed 15 May 2019.