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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
+1.84%
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
$1.23B
AUM Growth
-$74.8M
Cap. Flow
-$102M
Cap. Flow %
-8.3%
Top 10 Hldgs %
24.35%
Holding
232
New
15
Increased
72
Reduced
78
Closed
42

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$40.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.81M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$7.43M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$6.98M
5
ELD icon
WisdomTree Emerging Markets Local Debt Fund
ELD
+$5.42M

Top Sells

Rank Stock Value
1
ACG
AllianceBernstein Income Fund Inc
ACG
+$22.9M
2
PTY icon
PIMCO Corporate & Income Opportunity Fund
PTY
+$21.9M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$20.3M
4
ETY icon
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
+$16.4M
5
ETJ
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
+$13M

Sector Composition

Rank Sector Weight
1 Financials 3.79%
2 Materials 0.04%
3 Technology 0.04%
4 Healthcare 0.04%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSI
151
TCW Strategic Income Fund
TSI
$213M
$1.18M 0.1%
215,737
-51,600
-19% -$279K
PMF
152
DELISTED
PIMCO Municipal Income Fund
PMF
$1.17M 0.1%
86,557
-108,018
-56% -$1.43M
NSLR
153
Neostellar Capital Corp
NSLR
$254M
$1.15M 0.09%
174,157
+92,748
+114% +$749K
ARMF
154
DELISTED
ARES MULTI-STRATEGY CR FD INC COM STK (MD)
ARMF
$1.13M 0.09%
51,511
-98,253
-66% -$2.14M
JPS
155
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$1.13M 0.09%
130,362
-121,890
-48% -$1.03M
SLA
156
DELISTED
AMERICAN SELECT PTFL INC
SLA
$1.07M 0.09%
+107,498
New +$1.04M
VCV icon
157
Invesco California Value Municipal Income Trust
VCV
$522M
$1.06M 0.09%
89,796
-2,000
-2% -$23.4K
MIE
158
DELISTED
COHEN & STEERS MLP INCOME AND ENERGY OPPORTUNITY FUND, INC.
MIE
$1.06M 0.09%
59,030
+11,120
+23% +$199K
GDV icon
159
Gabelli Dividend & Income Trust
GDV
$2.66B
$921K 0.08%
44,172
-153,680
-78% -$3.15M
NQU
160
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$910K 0.07%
68,479
– –
XLF icon
161
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
$907K 0.07%
46,249
+5,354
+13% +$102K
CRF
162
Cornerstone Total Return Fund
CRF
$1.17B
$892K 0.07%
38,378
-93,653
-71% -$2.18M
HYF
163
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
$735K 0.06%
346,875
-1,161
-0.3% -$2.42K
AFT
164
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$700K 0.06%
38,350
-44,393
-54% -$811K
RGT
165
Royce Global Value Trust
RGT
$102M
$650K 0.05%
72,406
-57,395
-44% -$500K
OFS icon
166
OFS Capital
OFS
$51.9M
$582K 0.05%
46,531
-112,210
-71% -$1.43M
GT.PRA
167
DELISTED
GOODYEAR TIRE & RUBR CO PFD CONV (OH)
GT.PRA
$579K 0.05%
8,003
-8,597
-52% -$622K
EQS icon
168
Equus Total Return
EQS
$16.8M
$566K 0.05%
295,005
– –
GDL
169
GDL Fund
GDL
$92.1M
$565K 0.05%
51,213
– –
RQI icon
170
Cohen & Steers Quality Income Realty Fund
RQI
$1.69B
$543K 0.04%
51,523
-143,183
-74% -$1.44M
SRLN icon
171
State Street Blackstone Senior Loan ETF
SRLN
$5.36B
$524K 0.04%
+10,466
New +$524K
TIF
172
DELISTED
Tiffany & Co.
TIF
$491K 0.04%
+5,700
New +$506K
AAPL icon
173
Apple
AAPL
$4.57T
$483K 0.04%
25,200
-28,000
-53% -$533K
MQT
174
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$473K 0.04%
37,869
– –
XLI icon
175
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
$471K 0.04%
+9,000
New +$462K
5 6
7
8 9

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Rivernorth Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Rivernorth Capital Management held 232 positions worth $1.23B, down 5.7% from $1.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $102M in Q1 2014, closing 42 positions and reducing 78 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $22.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.8% of assets, down from 4.3% a quarter earlier, followed by Materials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in WisdomTree Emerging Markets Local Debt Fund worth $5.53M.

  • Rivernorth Capital Management's largest Q1 2014 buy was WisdomTree Emerging Markets Local Debt Fund: 120,635 shares worth $5.53M.
  • Rivernorth Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2014, an estimated $40.1M increase.
  • Rivernorth Capital Management's biggest Q1 2014 reduction was PIMCO Corporate & Income Opportunity Fund, cutting an estimated $21.9M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q1 2014, selling an estimated $22.9M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.23B portfolio in Q1 2014.
  • Rivernorth Capital Management opened 15 new positions and closed 42 in Q1 2014.
  • Rivernorth Capital Management's portfolio value fell 5.7% quarter-over-quarter to $1.23B.

Based on Rivernorth Capital Management's 13F filing for Q1 2014, filed 15 May 2014.