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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
+4.37%
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
$1.38B
AUM Growth
-$169M
Cap. Flow
-$230M
Cap. Flow %
-16.68%
Top 10 Hldgs %
26.9%
Holding
161
New
12
Increased
41
Reduced
71
Closed
22

Top Buys

Rank Stock Value
1
PPT
Franklin Premier Income Trust
PPT
+$7.88M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$7.58M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.54M
4
SPE.PRB
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
+$5.33M
5
JGV
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
+$4.58M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$73.2M
2
ACG
AllianceBernstein Income Fund Inc
ACG
+$39.4M
3
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$20.9M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.4M
5
OCSI
Oaktree Strategic Income Corporation
OCSI
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 3.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EDI
151
DELISTED
Virtus Stone Harbor Emerging Markets Total Income Fund
EDI
– –
-178,074
Closed -$2.35M
IVH
152
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
– –
-326,978
Closed -$4.47M
NBD
153
DELISTED
Nuveen Build Am Bond Opp Fd
NBD
– –
-53,894
Closed -$1.22M
GDF
154
DELISTED
WESTERN ASSET GLB PARTNERS INCM FUND INC. COM
GDF
– –
-437,094
Closed -$3.74M
ACG
155
DELISTED
AllianceBernstein Income Fund Inc
ACG
– –
-4,849,714
Closed -$39.4M
JSD
156
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
– –
-231,649
Closed -$3.64M
JRO
157
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
– –
-252,601
Closed -$2.59M
NMO
158
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
– –
-160,857
Closed -$2.43M
MHY
159
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
– –
-1,506,618
Closed -$7.11M
CFD
160
DELISTED
Nuveen Diversified Commodity Fnd
CFD
– –
-46,384
Closed -$455K
3 4 5 6
7

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Rivernorth Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Rivernorth Capital Management held 161 positions worth $1.38B, down 11% from $1.55B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $230M in Q3 2016, closing 22 positions and reducing 71 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $39.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.5% of assets, down from 4.6% a quarter earlier.

Against the trend, Rivernorth Capital Management opened a new position in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B worth $5.36M.

  • Rivernorth Capital Management's largest Q3 2016 buy was Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B: 207,430 shares worth $5.36M.
  • Rivernorth Capital Management added most to Franklin Premier Income Trust in Q3 2016, an estimated $7.88M increase.
  • Rivernorth Capital Management's biggest Q3 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $73.2M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q3 2016, selling an estimated $39.4M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.38B portfolio in Q3 2016.
  • Rivernorth Capital Management opened 12 new positions and closed 22 in Q3 2016.
  • Rivernorth Capital Management's portfolio value fell 11% quarter-over-quarter to $1.38B.

Based on Rivernorth Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.