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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
+0.81%
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
$22M
AUM Growth
+$19.7M
Cap. Flow
+$203M
Cap. Flow %
924.46%
Top 10 Hldgs %
88.42%
Holding
291
New
48
Increased
64
Reduced
62
Closed
33

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.9M
4
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$17.8M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$13.7M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
4
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M
5
CRF
Cornerstone Total Return Fund
CRF
+$6.24M

Sector Composition

Rank Sector Weight
1 Financials 0.2%
2 Consumer Discretionary 0.03%
3 Communication Services 0.03%
4 Healthcare 0.03%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BLW icon
126
BlackRock Limited Duration Income Trust
BLW
$493M
$2.81K 0.01%
179,741
-295,440
-62% -$4.54M
NSL
127
DELISTED
NUVEEN SENIOR INCM FD
NSL
$2.77K 0.01%
481,434
-312,645
-39% -$1.81M
GDO
128
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.3M
$2.73K 0.01%
156,495
-52,533
-25% -$906K
HGLB
129
Highland Global Allocation Fund
HGLB
$177M
$2.71K 0.01%
264,533
+191,675
+263% +$2.04M
THCBU
130
DELISTED
Tuscan Holdings Corp. Unit
THCBU
$2.67K 0.01%
250,000
– –
KTF
131
DWS Municipal Income Trust
KTF
$352M
$2.61K 0.01%
225,166
+130,067
+137% +$1.5M
BFI
132
DELISTED
BurgerFi International, Inc. Common Stock
BFI
$2.59K 0.01%
250,000
– –
PCF
133
High Income Securities Fund
PCF
$101M
$2.56K 0.01%
300,944
+157,633
+110% +$1.31M
AGBAU
134
DELISTED
AGBA Acquisition Ltd Unit
AGBAU
$2.54K 0.01%
250,000
– –
NRXP icon
135
NRX Pharmaceuticals
NRXP
$143M
$2.54K 0.01%
24,000
– –
TEI
136
Templeton Emerging Markets Income Fund
TEI
$322M
$2.49K 0.01%
274,972
-214,265
-44% -$2.08M
SOR
137
Source Capital
SOR
$383M
$2.48K 0.01%
67,780
+45,071
+198% +$1.64M
CBH
138
DELISTED
Virtus Convertible & Income 2024 Target Term Fund
CBH
$2.46K 0.01%
260,401
-436,117
-63% -$4.07M
IQI icon
139
Invesco Quality Municipal Securities
IQI
$533M
$2.46K 0.01%
192,141
+67,771
+54% +$862K
GLQ
140
Clough Global Equity Fund
GLQ
$157M
$2.45K 0.01%
+213,025
New +$2.58M
VWO icon
141
Vanguard FTSE Emerging Markets ETF
VWO
$126B
$2.45K 0.01%
60,746
-3,050
-5% -$126K
NXDT
142
NexPoint Diversified Real Estate Trust
NXDT
$245M
$2.44K 0.01%
+136,324
New +$2.51M
HNW
143
DELISTED
Pioneer Diversified High Income Fund
HNW
$2.43K 0.01%
167,365
+63,230
+61% +$910K
EQOS
144
DELISTED
EQONEX LIMITED Ordinary Shares
EQOS
$2.4K 0.01%
+240,000
New +$2.39M
HHHHU
145
DELISTED
Wealthbridge Acquisition Limited Units
HHHHU
$2.34K 0.01%
225,000
– –
WIA
146
Western Asset Inflation-Linked Income Fund
WIA
$186M
$2.31K 0.01%
199,133
+105,954
+114% +$1.23M
RVT icon
147
Royce Value Trust
RVT
$2.29B
$2.31K 0.01%
167,669
– –
HPK icon
148
HighPeak Energy
HPK
$1B
$2.31K 0.01%
224,996
– –
BROG
149
DELISTED
Brooge Energy
BROG
$2.3K 0.01%
225,000
– –
SMMCU
150
DELISTED
South Mountain Merger Corp. Unit
SMMCU
$2.25K 0.01%
214,000
– –
4 5
6
7 8

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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $22M, up 856% from $2.3M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Rivernorth Capital Management deployed $203M of net new capital in Q3 2019, opening 48 new positions and adding to 64 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.

By sector, the portfolio is most concentrated in Financials at 0.2% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Allspring Income Opportunities Fund, an estimated $10.3M trimmed.

  • Rivernorth Capital Management's largest Q3 2019 buy was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2019, an estimated $29.4M increase.
  • Rivernorth Capital Management's biggest Q3 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $10.3M.
  • Rivernorth Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2019, selling an estimated $16.9K.
  • Rivernorth Capital Management's ten largest holdings make up 88% of its $22M portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value rose 856% quarter-over-quarter to $22M.

Based on Rivernorth Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.