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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
+3.4%
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
$1.55B
AUM Growth
-$79.6M
Cap. Flow
-$130M
Cap. Flow %
-8.41%
Top 10 Hldgs %
28.65%
Holding
179
New
8
Increased
63
Reduced
56
Closed
30

Top Buys

Rank Stock Value
1
ZF
Virtus Total Return Fund Inc.
ZF
+$7.22M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$6.69M
3
AVK
Advent Convertible and Income Fund
AVK
+$4.94M
4
EMD
Western Asset Emerging Markets
EMD
+$4.87M
5
RVT icon
Royce Value Trust
RVT
+$4.75M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$20.3M
2
ACAS
American Capital Ltd
ACAS
+$19.5M
3
PCEF icon
Invesco CEF Income Composite ETF
PCEF
+$14.9M
4
AWF
AllianceBernstein Global High Income Fund
AWF
+$10.5M
5
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$9.22M

Sector Composition

Rank Sector Weight
1 Financials 4.63%
2 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EFT
151
Eaton Vance Floating-Rate Income Trust
EFT
$288M
– –
-253,754
Closed -$3.34M
EMO
152
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.02B
– –
-46,712
Closed -$2.63M
IWD icon
153
iShares Russell 1000 Value ETF
IWD
$83.7B
– –
-25,658
Closed -$2.54M
MFIC icon
154
MidCap Financial Investment
MFIC
$804M
– –
-305,171
Closed -$5.08M
NCV
155
Virtus Convertible & Income Fund
NCV
$390M
– –
-119,414
Closed -$2.65M
NCZ
156
Virtus Convertible & Income Fund II
NCZ
$301M
– –
-310,267
Closed -$6.06M
NFJ
157
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.43B
– –
-255,046
Closed -$3.13M
NXRT
158
NexPoint Residential Trust
NXRT
$652M
– –
-203,320
Closed -$2.66M
OEF icon
159
iShares S&P 100 ETF
OEF
$20.6B
– –
-87,567
Closed -$8M
OXSQ icon
160
Oxford Square Capital
OXSQ
$157M
– –
-42,957
Closed -$206K
PCEF icon
161
Invesco CEF Income Composite ETF
PCEF
$814M
– –
-691,184
Closed -$14.9M
PFX icon
162
PhenixFIN
PFX
$90M
– –
-41,643
Closed -$5.5M
BCIC
163
BCP Investment Corp
BCIC
$92.9M
– –
-121,729
Closed -$4.38M
RNP icon
164
Cohen & Steers REIT and Preferred and Income Fund
RNP
$989M
– –
-235,070
Closed -$4.45M
SLRC icon
165
SLR Investment Corp
SLRC
$715M
– –
-138,346
Closed -$2.39M
TSI
166
TCW Strategic Income Fund
TSI
$213M
– –
-39,311
Closed -$205K
TYG
167
Tortoise Energy Infrastructure Corp
TYG
$1.08B
– –
-25,323
Closed -$2.49M
NTG
168
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
– –
-13,606
Closed -$2.22M
GMZ
169
DELISTED
Goldman Sachs MLP Income Opportunities Fund
GMZ
– –
-9,021
Closed -$485K
ACSF
170
DELISTED
American Capital Senior Floating, Ltd.
ACSF
– –
-23,471
Closed -$235K
FAV
171
DELISTED
FIRST TRUST DIVIDEND AND INCOME FD COM
FAV
– –
-85,269
Closed -$738K
SGL
172
DELISTED
STRATEGIC GLOBAL INCOME FUND
SGL
– –
-531,762
Closed -$4.74M
GHI
173
DELISTED
GLOBAL HIGH INCOME FUND INC.
GHI
– –
-644,902
Closed -$5.6M
NXZ
174
DELISTED
NUVEEN DIV ADV MUNI FD-2
NXZ
– –
-17,739
Closed -$263K
NMA
175
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
– –
-642,339
Closed -$9.22M
4 5 6
7
8

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Rivernorth Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Rivernorth Capital Management held 179 positions worth $1.55B, down 4.9% from $1.63B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $130M in Q2 2016, closing 30 positions and reducing 56 holdings. Its most notable exit was Invesco CEF Income Composite ETF, an estimated $14.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.6% of assets, down from 5.8% a quarter earlier, followed by Real Estate.

Against the trend, Rivernorth Capital Management opened a new position in Pacholder High Yield worth $2.91M.

  • Rivernorth Capital Management's largest Q2 2016 buy was Pacholder High Yield: 411,366 shares worth $2.91M.
  • Rivernorth Capital Management added most to Virtus Total Return Fund Inc. in Q2 2016, an estimated $7.22M increase.
  • Rivernorth Capital Management's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
  • Rivernorth Capital Management fully exited Invesco CEF Income Composite ETF in Q2 2016, selling an estimated $14.9M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $1.55B portfolio in Q2 2016.
  • Rivernorth Capital Management opened 8 new positions and closed 30 in Q2 2016.
  • Rivernorth Capital Management's portfolio value fell 4.9% quarter-over-quarter to $1.55B.

Based on Rivernorth Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.