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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
-2.98%
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
$1.35B
AUM Growth
-$92.5M
Cap. Flow
-$51.2M
Cap. Flow %
-3.81%
Top 10 Hldgs %
30.02%
Holding
201
New
31
Increased
45
Reduced
55
Closed
20

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$15.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$13M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$9.27M
4
DDF
Delaware Investments Dividend & Income Fund, Inc.
DDF
+$7.68M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$6.3M

Top Sells

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$27M
2
USA icon
Liberty All-Star Equity Fund
USA
+$22M
3
PHK
PIMCO High Income Fund
PHK
+$17.7M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$15.8M
5
CCT
Corporate Capital Trust, Inc.
CCT
+$15.7M

Sector Composition

Rank Sector Weight
1 Financials 2.5%
2 Technology 0.89%
3 Energy 0.4%
4 Industrials 0.34%
5 Consumer Discretionary 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BCX icon
151
BlackRock Resources & Commodities Strategy Trust
BCX
$962M
$152K 0.01%
17,116
-188,463
-92% -$1.8M
AEF
152
abrdn Emerging Markets Equity Income Fund
AEF
$364M
$149K 0.01%
+16,500
New +$152K
HCAC.WS
153
DELISTED
Hennessy Capital Acquisition Corp. III
HCAC.WS
$140K 0.01%
168,750
– –
NRO
154
Neuberger Real Estate Securities Income Fund Inc
NRO
$189M
$125K 0.01%
+27,437
New +$128K
BRACW
155
DELISTED
Black Ridge Acquisition Corp. Warrant
BRACW
$120K 0.01%
300,000
– –
CVONW
156
DELISTED
ConvergeOne Holdings, Inc. Warrant
CVONW
$119K 0.01%
+100,000
New +$98.4K
ROSEW
157
DELISTED
Rosehill Resources Inc.
ROSEW
$99K 0.01%
119,700
– –
IF
158
DELISTED
Aberdeen Indonesia Fund
IF
$97K 0.01%
+13,300
New +$103K
CMSSR
159
DELISTED
CM Seven Star Acquisition Corporation Right
CMSSR
$96K 0.01%
300,000
– –
MMDMR
160
DELISTED
Modern Media Acquisition Corp. Right
MMDMR
$92K 0.01%
230,000
– –
STLRW
161
DELISTED
Stellar Acquisition III Inc. Warrants
STLRW
$92K 0.01%
200,000
– –
WRLSW
162
DELISTED
Pensare Acquisition Corp. Warrant
WRLSW
$83K 0.01%
174,997
– –
FNTEW
163
DELISTED
FinTech Acquisition Corp. II Warrant
FNTEW
$83K 0.01%
62,501
– –
INDUW
164
DELISTED
Industrea Acquisition Corp. Warrant
INDUW
$82K 0.01%
150,000
– –
KBLMR
165
DELISTED
KBL Merger Corp. IV Rights expiring 11/9/2020
KBLMR
$81K 0.01%
230,000
– –
MPACW
166
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
$75K 0.01%
150,000
– –
ATACR
167
DELISTED
Atlantic Acquisition Corp. Right
ATACR
$74K 0.01%
150,000
– –
DOTAR
168
DELISTED
Draper Oakwood Technology Acquisition, Inc. Rights
DOTAR
$68K 0.01%
120,000
– –
OSPRW
169
DELISTED
Osprey Energy Acquisition Corp. Warrant
OSPRW
$67K 0.01%
87,500
– –
IAMXW
170
DELISTED
I-AM Capital Acquisition Company Warrant
IAMXW
$66K ﹤0.01%
150,000
– –
BCACR
171
DELISTED
Bison Capital Acquistion Corp Rights
BCACR
$63K ﹤0.01%
125,000
– –
MMDMW
172
DELISTED
Modern Media Acquisition Corp. Warrant
MMDMW
$60K ﹤0.01%
115,000
– –
KBLMW
173
DELISTED
KBL Merger Corp. IV Warrant
KBLMW
$55K ﹤0.01%
230,000
– –
CMSSW
174
DELISTED
CM Seven Star Acquisition Corporation Warrant
CMSSW
$53K ﹤0.01%
150,000
– –
DOTAW
175
DELISTED
Draper Oakwood Technology Acquisition, Inc. Warrant
DOTAW
$51K ﹤0.01%
60,000
– –
5 6
7
8 9

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Rivernorth Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Rivernorth Capital Management held 201 positions worth $1.35B, down 6.4% from $1.44B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $51.2M in Q1 2018, closing 20 positions and reducing 55 holdings. Its most notable exit was Cornerstone Strategic Value Fund, an estimated $27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.5% of assets, down from 3.9% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $14.7M.

  • Rivernorth Capital Management's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 55,719 shares worth $14.7M.
  • Rivernorth Capital Management added most to abrdn Total Dynamic Dividend Fund in Q1 2018, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $22M.
  • Rivernorth Capital Management fully exited Cornerstone Strategic Value Fund in Q1 2018, selling an estimated $27M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.35B portfolio in Q1 2018.
  • Rivernorth Capital Management opened 31 new positions and closed 20 in Q1 2018.
  • Rivernorth Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.35B.

Based on Rivernorth Capital Management's 13F filing for Q1 2018, filed 15 May 2018.