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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
+1.84%
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
-$74.8M
Cap. Flow
-$102M
Cap. Flow %
-8.3%
Top 10 Hldgs %
24.35%
Holding
232
New
15
Increased
72
Reduced
78
Closed
42

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$40.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.81M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$7.43M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$6.98M
5
ELD icon
WisdomTree Emerging Markets Local Debt Fund
ELD
+$5.42M

Top Sells

Rank Stock Value
1
ACG
AllianceBernstein Income Fund Inc
ACG
+$22.9M
2
PTY icon
PIMCO Corporate & Income Opportunity Fund
PTY
+$21.9M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$20.3M
4
ETY icon
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
+$16.4M
5
ETJ
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
+$13M

Sector Composition

Rank Sector Weight
1 Financials 3.79%
2 Materials 0.04%
3 Technology 0.04%
4 Healthcare 0.04%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BMY icon
176
Bristol-Myers Squibb
BMY
$132B
$468K 0.04%
+9,000
New +$479K
EVM
177
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$466K 0.04%
+42,945
New +$460K
NQM
178
DELISTED
NUVEEN INVESTMENT QLTY MUNI FD
NQM
$447K 0.04%
31,690
-71,386
-69% -$1M
PCF
179
High Income Securities Fund
PCF
$99.9M
$390K 0.03%
46,653
-41,178
-47% -$343K
BGT icon
180
BlackRock Floating Rate Income Trust
BGT
$325M
$331K 0.03%
+23,260
New +$329K
AMZN icon
181
PUT
Amazon
AMZN
$2.96T
$292K 0.02%
+2,100
New +$39K
NEM icon
182
Newmont
NEM
$119B
$257K 0.02%
10,964
-436
-4% -$10.4K
RIO icon
183
Rio Tinto
RIO
$164B
$246K 0.02%
+4,400
New +$240K
ETX
184
Eaton Vance Municipal Income 2028 Term Trust
ETX
$199M
$238K 0.02%
15,142
+2,299
+18% +$35.9K
NCU
185
DELISTED
NUVEEN (CAL) PREM INCM MUNI FD
NCU
$237K 0.02%
+17,476
New +$234K
CHY
186
Calamos Convertible and High Income Fund
CHY
$1.06B
$229K 0.02%
17,020
-560,924
-97% -$7.51M
TLI
187
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$227K 0.02%
18,700
-46,666
-71% -$572K
CXE
188
DELISTED
MFS High Income Municipal Trust
CXE
$216K 0.02%
45,397
-23,162
-34% -$108K
NEA icon
189
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.42B
$160K 0.01%
12,353
-59,012
-83% -$759K
ACI
190
DELISTED
ARCH COAL, INC.
ACI
$73K 0.01%
1,509
-251
-14% -$10.8K
ARDC
191
Are Dynamic Credit Allocation Fund
ARDC
$298M
– –
-88,557
Closed -$1.59M
BGH
192
Barings Global Short Duration High Yield Fund
BGH
$287M
– –
-286,490
Closed -$6.62M
BHP icon
193
BHP
BHP
$230B
– –
-3,784
Closed -$217K
BRW
194
Saba Capital Income & Opportunities Fund
BRW
$339M
– –
-29,213
Closed -$340K
CSQ icon
195
Calamos Strategic Total Return Fund
CSQ
$3.35B
– –
-88,453
Closed -$963K
EFT
196
Eaton Vance Floating-Rate Income Trust
EFT
$288M
– –
-264,472
Closed -$4.04M
ETY icon
197
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.33B
– –
-1,499,448
Closed -$16.4M
EVF
198
Eaton Vance Senior Income Trust
EVF
$90.5M
– –
-295,124
Closed -$2.04M
GGN
199
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$819M
– –
-228,100
Closed -$2.06M
ISD
200
PGIM High Yield Bond Fund
ISD
$419M
– –
-59,099
Closed -$1.03M
6 7
8
9 10

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Rivernorth Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Rivernorth Capital Management held 232 positions worth $1.23B, down 5.7% from $1.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $102M in Q1 2014, closing 42 positions and reducing 78 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $22.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.8% of assets, down from 4.3% a quarter earlier, followed by Materials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in WisdomTree Emerging Markets Local Debt Fund worth $5.53M.

  • Rivernorth Capital Management's largest Q1 2014 buy was WisdomTree Emerging Markets Local Debt Fund: 120,635 shares worth $5.53M.
  • Rivernorth Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2014, an estimated $40.1M increase.
  • Rivernorth Capital Management's biggest Q1 2014 reduction was PIMCO Corporate & Income Opportunity Fund, cutting an estimated $21.9M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q1 2014, selling an estimated $22.9M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.23B portfolio in Q1 2014.
  • Rivernorth Capital Management opened 15 new positions and closed 42 in Q1 2014.
  • Rivernorth Capital Management's portfolio value fell 5.7% quarter-over-quarter to $1.23B.

Based on Rivernorth Capital Management's 13F filing for Q1 2014, filed 15 May 2014.