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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
+8.69%
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
$1.52B
AUM Growth
-$160M
Cap. Flow
-$284M
Cap. Flow %
-18.72%
Top 10 Hldgs %
30.38%
Holding
315
New
23
Increased
46
Reduced
77
Closed
81

Top Buys

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$10.6M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$10.6M
3
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$8.55M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.34M
5
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$7.1M

Top Sells

Rank Stock Value
1
FSK icon
FS KKR Capital
FSK
+$17.4M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$15.2M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$14.8M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.1M
5
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 3.18%
2 Consumer Discretionary 0.9%
3 Technology 0.67%
4 Healthcare 0.37%
5 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IGIC icon
151
International General Insurance
IGIC
$1.13B
$1.26M 0.08%
125,000
– –
HCCH
152
DELISTED
HL Acquisitions Corp. Ordinary Shares
HCCH
$1.25M 0.08%
125,000
– –
CLNN icon
153
Clene
CLNN
$65.9M
$1.19M 0.08%
5,900
– –
MHN
154
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$1.1M 0.07%
85,231
-2,946
-3% -$36.8K
CEV
155
Eaton Vance California Municipal Income Trust
CEV
$73.2M
$1.09M 0.07%
+91,005
New +$1.06M
NUO
156
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$1.09M 0.07%
+75,449
New +$1.06M
PVT.U
157
DELISTED
Pivotal Acquisition Corp.
PVT.U
$1.03M 0.07%
+100,000
New +$1.01M
LOACU
158
DELISTED
Longevity Acquisition Corporation Units
LOACU
$1.02M 0.07%
100,000
– –
EDTXU
159
DELISTED
EdtechX Holdings Acquisition Corp. Unit
EDTXU
$1.02M 0.07%
100,000
– –
HYB
160
DELISTED
New America High Income Fund, Inc.
HYB
$1.01M 0.07%
+119,342
New +$990K
INSUU
161
DELISTED
Insurance Acquisition Corp. Unit
INSUU
$1.01M 0.07%
+100,000
New +$1.01M
CTACU
162
DELISTED
ChaSerg Technology Acquisition Corp. Unit
CTACU
$1.01M 0.07%
100,000
– –
LSEA
163
DELISTED
Landsea Homes
LSEA
$1.01M 0.07%
100,000
– –
ALGR
164
DELISTED
Allegro Merger Corp
ALGR
$998K 0.07%
100,000
– –
NKG
165
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$990K 0.07%
+83,078
New +$952K
BRMK
166
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
$981K 0.06%
96,000
– –
EVG
167
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
$934K 0.06%
+72,000
New +$923K
MNE
168
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
$790K 0.05%
+58,084
New +$762K
BFY
169
DELISTED
BlackRock New York Municipal Income Trust II
BFY
$779K 0.05%
57,261
-1,071
-2% -$14K
GTEC icon
170
Greenland Technologies Holding
GTEC
$14.3M
$755K 0.05%
75,000
– –
MNCLU
171
DELISTED
Monocle Acquisition Corporation Units
MNCLU
$753K 0.05%
+75,000
New +$753K
CCA
172
DELISTED
MFS California Municipal Fund
CCA
$740K 0.05%
64,990
-33,866
-34% -$370K
NZF icon
173
Nuveen Municipal Credit Income Fund
NZF
$2.43B
$704K 0.05%
46,691
-629,534
-93% -$9.07M
CLVT icon
174
Clarivate
CLVT
$1.21B
$672K 0.04%
+49,998
New +$555K
VKQ icon
175
Invesco Municipal Trust
VKQ
$547M
$587K 0.04%
48,704
-151,448
-76% -$1.79M
5 6
7
8 9

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Rivernorth Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Rivernorth Capital Management held 315 positions worth $1.52B, down 9.6% from $1.68B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $284M in Q1 2019, closing 81 positions and reducing 77 holdings. Its most notable exit was Nuveen Preferred & Income Securities Fund, an estimated $15.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.2% of assets, down from 4.3% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniYield Quality Fund III worth $8.83M.

  • Rivernorth Capital Management's largest Q1 2019 buy was BlackRock MuniYield Quality Fund III: 683,169 shares worth $8.83M.
  • Rivernorth Capital Management added most to Western Asset Global High Income Fund in Q1 2019, an estimated $10.6M increase.
  • Rivernorth Capital Management's biggest Q1 2019 reduction was FS KKR Capital, cutting an estimated $17.4M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q1 2019, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.52B portfolio in Q1 2019.
  • Rivernorth Capital Management opened 23 new positions and closed 81 in Q1 2019.
  • Rivernorth Capital Management's portfolio value fell 9.6% quarter-over-quarter to $1.52B.

Based on Rivernorth Capital Management's 13F filing for Q1 2019, filed 15 May 2019.