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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
-0.37%
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
$1.2B
AUM Growth
-$71.2M
Cap. Flow
-$66.9M
Cap. Flow %
-5.58%
Top 10 Hldgs %
30.99%
Holding
261
New
52
Increased
65
Reduced
44
Closed
48

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$17.5M
3
CRF
Cornerstone Total Return Fund
CRF
+$8.55M
4
PCF
High Income Securities Fund
PCF
+$6.75M
5
AVK
Advent Convertible and Income Fund
AVK
+$5.73M

Top Sells

Rank Stock Value
1
MZF
Managed Duration Inv Grd Muni Fd
MZF
+$14.8M
2
RA
Brookfield Real Assets Income Fund
RA
+$13.6M
3
USA icon
Liberty All-Star Equity Fund
USA
+$13M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$8.26M

Sector Composition

Rank Sector Weight
1 Financials 2.31%
2 Consumer Discretionary 1.27%
3 Technology 1.03%
4 Healthcare 0.65%
5 Communication Services 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NIM icon
151
Nuveen Select Maturities Municipal Fund
NIM
$117M
$305K 0.03%
+31,835
New +$309K
CCT
152
DELISTED
Corporate Capital Trust, Inc.
CCT
$299K 0.03%
19,566
-94,104
-83% -$1.55M
HCAC.WS
153
DELISTED
Hennessy Capital Acquisition Corp. III
HCAC.WS
$253K 0.02%
168,750
– –
EVG
154
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
$252K 0.02%
19,510
-33,093
-63% -$428K
EIO
155
DELISTED
Eaton Vance Ohio Municipal Bond Fund
EIO
$236K 0.02%
+20,990
New +$243K
OMAD.WS
156
DELISTED
One Madison Corporation
OMAD.WS
$232K 0.02%
199,999
+20,301
+11% +$23K
MTECW
157
DELISTED
MTech Acquisition Corp. Warrant
MTECW
$229K 0.02%
155,000
+15,771
+11% +$15.6K
KST
158
DELISTED
Deutsche Strategic Income Trust
KST
$219K 0.02%
17,460
– –
EVP
159
DELISTED
Eaton Vance Pennsylvania Municipal Income Trust
EVP
$215K 0.02%
+18,903
New +$218K
HYACW
160
DELISTED
Haymaker Acquisition Corp. Warrant
HYACW
$192K 0.02%
147,498
+37,696
+34% +$40.8K
CMSSR
161
DELISTED
CM Seven Star Acquisition Corporation Right
CMSSR
$165K 0.01%
300,000
– –
LACQW
162
DELISTED
Leisure Acquisition Corp. Warrant
LACQW
$164K 0.01%
153,297
+40,719
+36% +$37.6K
WRLSR
163
DELISTED
Pensare Acquisition Corp. Right to purchase 1/10 of common stock
WRLSR
$157K 0.01%
349,994
– –
PACQW
164
DELISTED
Pure Acquisition Corp. Warrant
PACQW
$152K 0.01%
112,498
+12,108
+12% +$15.9K
INDUW
165
DELISTED
Industrea Acquisition Corp. Warrant
INDUW
$150K 0.01%
150,000
– –
STRDW
166
DELISTED
Sitio Royalties Corp. Warrant
STRDW
$149K 0.01%
+87,500
New +$159K
IMXIW
167
DELISTED
International Money Expresss, Inc. Warrant
IMXIW
$147K 0.01%
+62,501
New +$105K
MUDSW
168
DELISTED
Mudrick Capital Acquisition Corporation Warrant
MUDSW
$140K 0.01%
200,000
+8,811
+5% +$5.8K
BRACW
169
DELISTED
Black Ridge Acquisition Corp. Warrant
BRACW
$135K 0.01%
300,000
– –
EVO
170
DELISTED
Eaton Vance Ohio Municipal Income Trust
EVO
$135K 0.01%
+10,927
New +$138K
MAB
171
DELISTED
Eaton Vance Massachusetts Municipal Bond Fund
MAB
$127K 0.01%
+10,225
New +$130K
BRPAR
172
DELISTED
Big Rock Partners Acquisition Corp. Right
BRPAR
$120K 0.01%
239,998
+59,916
+33% +$25.5K
GPAQW
173
DELISTED
Gordon Pointe Acquisition Corp. Warrant
GPAQW
$114K 0.01%
175,000
+15,202
+10% +$8.76K
MPACW
174
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
$113K 0.01%
150,000
– –
MMDMR
175
DELISTED
Modern Media Acquisition Corp. Right
MMDMR
$108K 0.01%
230,000
– –
5 6
7
8 9

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Rivernorth Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Rivernorth Capital Management held 261 positions worth $1.2B, down 5.6% from $1.27B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $66.9M in Q3 2018, closing 48 positions and reducing 44 holdings. Its most notable exit was Managed Duration Inv Grd Muni Fd, an estimated $14.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.5M.

  • Rivernorth Capital Management's largest Q3 2018 buy was Cornerstone Strategic Value Fund: 1,558,375 shares worth $21.5M.
  • Rivernorth Capital Management added most to High Income Securities Fund in Q3 2018, an estimated $6.75M increase.
  • Rivernorth Capital Management's biggest Q3 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $13M.
  • Rivernorth Capital Management fully exited Managed Duration Inv Grd Muni Fd in Q3 2018, selling an estimated $14.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.2B portfolio in Q3 2018.
  • Rivernorth Capital Management opened 52 new positions and closed 48 in Q3 2018.
  • Rivernorth Capital Management's portfolio value fell 5.6% quarter-over-quarter to $1.2B.

Based on Rivernorth Capital Management's 13F filing for Q3 2018, filed 15 Nov 2018.