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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
+0.81%
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
$22M
AUM Growth
+$19.7M
Cap. Flow
+$203M
Cap. Flow %
924.46%
Top 10 Hldgs %
88.42%
Holding
291
New
48
Increased
64
Reduced
62
Closed
33

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.9M
4
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$17.8M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$13.7M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
4
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M
5
CRF
Cornerstone Total Return Fund
CRF
+$6.24M

Sector Composition

Rank Sector Weight
1 Financials 0.2%
2 Consumer Discretionary 0.03%
3 Communication Services 0.03%
4 Healthcare 0.03%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BCX icon
151
BlackRock Resources & Commodities Strategy Trust
BCX
$962M
$2.24K 0.01%
299,805
+6,523
+2% +$50.2K
GXGXU
152
DELISTED
GX Acquisiton Corp. Unit
GXGXU
$2.22K 0.01%
200,000
– –
CEV
153
Eaton Vance California Municipal Income Trust
CEV
$73.2M
$2.17K 0.01%
161,246
+29,078
+22% +$381K
MFL
154
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$2.17K 0.01%
+159,987
New +$2.15M
OHAI
155
DELISTED
OHA Investment Corporation
OHAI
$2.12K 0.01%
1,629,169
-11,218
-0.7% -$13.9K
HCACU
156
DELISTED
Hennessy Capital Acquisition Corp. IV Unit
HCACU
$2.11K 0.01%
200,000
– –
ALACU
157
DELISTED
Alberton Acquisition Corp Unit
ALACU
$2.11K 0.01%
200,000
– –
AMCIU
158
DELISTED
AMCI Acquisition Corp Unit
AMCIU
$2.07K 0.01%
200,000
– –
GIX.U
159
DELISTED
GigCapital2, Inc.
GIX.U
$2.06K 0.01%
200,000
– –
HYMC icon
160
Hycroft Mining Holding Corp
HYMC
$2.54B
$2.06K 0.01%
20,000
– –
DMS
161
DELISTED
Digital Media Solutions, Inc.
DMS
$2.05K 0.01%
13,333
– –
ID
162
DELISTED
PARTS iD, Inc.
ID
$2.04K 0.01%
200,000
– –
LVOXU
163
DELISTED
LiveVox Holding, Inc. Unit
LVOXU
$2.03K 0.01%
200,000
– –
NKX icon
164
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$661M
$2.02K 0.01%
133,929
-115,081
-46% -$1.74M
ATCX
165
DELISTED
Atlas Technical Consultants, Inc. Class A Common Stock
ATCX
$2.02K 0.01%
+200,000
New +$1.99M
HOFV
166
DELISTED
Hall of Fame Resort & Entertainment Co
HOFV
$1.83K 0.01%
11,303
– –
IFN
167
Aberdeen India Fund
IFN
$504M
$1.75K 0.01%
85,386
+696
+0.8% +$14.2K
FTACU
168
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
$1.6K 0.01%
150,000
– –
CFFAU
169
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
$1.59K 0.01%
150,000
– –
MFAC.U
170
DELISTED
Megalith Financial Acquisition Corp. Units, each consisting of one share of Class A Common Stock, an
MFAC.U
$1.57K 0.01%
150,000
– –
SEGG
171
Sports Entertainment Gaming Global Corp
SEGG
$8.34M
$1.56K 0.01%
107
– –
MUE
172
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$1.54K 0.01%
+120,812
New +$1.54M
RPLA.U
173
DELISTED
Replay Acquisition Corp.
RPLA.U
$1.54K 0.01%
150,000
– –
NKLA
174
DELISTED
Nikola Corporation Common Stock
NKLA
$1.53K 0.01%
5,000
– –
BRPM.U
175
DELISTED
B. Riley Principal Merger Corp.
BRPM.U
$1.51K 0.01%
150,000
– –
5 6
7
8 9

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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $22M, up 856% from $2.3M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Rivernorth Capital Management deployed $203M of net new capital in Q3 2019, opening 48 new positions and adding to 64 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.

By sector, the portfolio is most concentrated in Financials at 0.2% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Allspring Income Opportunities Fund, an estimated $10.3M trimmed.

  • Rivernorth Capital Management's largest Q3 2019 buy was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2019, an estimated $29.4M increase.
  • Rivernorth Capital Management's biggest Q3 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $10.3M.
  • Rivernorth Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2019, selling an estimated $16.9K.
  • Rivernorth Capital Management's ten largest holdings make up 88% of its $22M portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value rose 856% quarter-over-quarter to $22M.

Based on Rivernorth Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.