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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
+1.87%
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
-$81.4M
Cap. Flow
-$106M
Cap. Flow %
-8.66%
Top 10 Hldgs %
35.14%
Holding
152
New
12
Increased
30
Reduced
56
Closed
23

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
USA icon
Liberty All-Star Equity Fund
USA
+$16.3M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$6.52M
4
SNAX
Stryve Foods, Inc. Class A Common Stock
SNAX
+$6.05M
5
BRW
Saba Capital Income & Opportunities Fund
BRW
+$5.52M

Top Sells

Rank Stock Value
1
RA
Brookfield Real Assets Income Fund
RA
+$27M
2
BOE icon
BlackRock Enhanced Global Dividend Trust
BOE
+$12.7M
3
AVK
Advent Convertible and Income Fund
AVK
+$8.92M
4
LCM
Advent/Claymore Enhanced Gth & F
LCM
+$8.08M
5
RVT icon
Royce Value Trust
RVT
+$6.47M

Sector Composition

Rank Sector Weight
1 Financials 4.22%
2 Consumer Staples 0.5%
3 Technology 0.49%
4 Energy 0.3%
5 Industrials 0.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PHF
151
DELISTED
Pacholder High Yield
PHF
– –
-350,628
Closed -$2.79M
BHAC
152
DELISTED
Barington/Hilco Acquisition Corp.
BHAC
– –
-622,740
Closed -$6.42M
3 4 5 6
7

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Rivernorth Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Rivernorth Capital Management held 152 positions worth $1.23B, down 6.2% from $1.31B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Rivernorth Capital Management withdrew a net $106M in Q3 2017, closing 23 positions and reducing 56 holdings. Its most notable exit was Barington/Hilco Acquisition Corp., an estimated $6.42M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.2% of assets, down from 5.2% a quarter earlier, followed by Consumer Staples and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.6M.

  • Rivernorth Capital Management's largest Q3 2017 buy was Cornerstone Strategic Value Fund: 1,479,892 shares worth $21.6M.
  • Rivernorth Capital Management added most to Liberty All-Star Equity Fund in Q3 2017, an estimated $16.3M increase.
  • Rivernorth Capital Management's biggest Q3 2017 reduction was Brookfield Real Assets Income Fund, cutting an estimated $27M.
  • Rivernorth Capital Management fully exited Barington/Hilco Acquisition Corp. in Q3 2017, selling an estimated $6.42M.
  • Rivernorth Capital Management's ten largest holdings make up 35% of its $1.23B portfolio in Q3 2017.
  • Rivernorth Capital Management opened 12 new positions and closed 23 in Q3 2017.
  • Rivernorth Capital Management's portfolio value fell 6.2% quarter-over-quarter to $1.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.