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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
+3.4%
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
$1.55B
AUM Growth
-$79.6M
Cap. Flow
-$130M
Cap. Flow %
-8.41%
Top 10 Hldgs %
28.65%
Holding
179
New
8
Increased
63
Reduced
56
Closed
30

Top Buys

Rank Stock Value
1
ZF
Virtus Total Return Fund Inc.
ZF
+$7.22M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$6.69M
3
AVK
Advent Convertible and Income Fund
AVK
+$4.94M
4
EMD
Western Asset Emerging Markets
EMD
+$4.87M
5
RVT icon
Royce Value Trust
RVT
+$4.75M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$20.3M
2
ACAS
American Capital Ltd
ACAS
+$19.5M
3
PCEF icon
Invesco CEF Income Composite ETF
PCEF
+$14.9M
4
AWF
AllianceBernstein Global High Income Fund
AWF
+$10.5M
5
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$9.22M

Sector Composition

Rank Sector Weight
1 Financials 4.63%
2 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RIT
176
DELISTED
LMP REAL ESTATE INCOME FUND INC. COM
RIT
– –
-322,866
Closed -$4.4M
NQS
177
DELISTED
NUVEEN SELECT QUALITY MUNI FD
NQS
– –
-72,005
Closed -$1.06M
HYF
178
DELISTED
MANAGED HIGH YLD PLUS FD INC
HYF
– –
-1,539,057
Closed -$2.74M
4 5 6 7
8

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Rivernorth Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Rivernorth Capital Management held 179 positions worth $1.55B, down 4.9% from $1.63B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $130M in Q2 2016, closing 30 positions and reducing 56 holdings. Its most notable exit was Invesco CEF Income Composite ETF, an estimated $14.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.6% of assets, down from 5.8% a quarter earlier, followed by Real Estate.

Against the trend, Rivernorth Capital Management opened a new position in Pacholder High Yield worth $2.91M.

  • Rivernorth Capital Management's largest Q2 2016 buy was Pacholder High Yield: 411,366 shares worth $2.91M.
  • Rivernorth Capital Management added most to Virtus Total Return Fund Inc. in Q2 2016, an estimated $7.22M increase.
  • Rivernorth Capital Management's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
  • Rivernorth Capital Management fully exited Invesco CEF Income Composite ETF in Q2 2016, selling an estimated $14.9M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $1.55B portfolio in Q2 2016.
  • Rivernorth Capital Management opened 8 new positions and closed 30 in Q2 2016.
  • Rivernorth Capital Management's portfolio value fell 4.9% quarter-over-quarter to $1.55B.

Based on Rivernorth Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.