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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
-2.98%
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
$1.35B
AUM Growth
-$92.5M
Cap. Flow
-$51.2M
Cap. Flow %
-3.81%
Top 10 Hldgs %
30.02%
Holding
201
New
31
Increased
45
Reduced
55
Closed
20

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$15.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$13M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$9.27M
4
DDF
Delaware Investments Dividend & Income Fund, Inc.
DDF
+$7.68M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$6.3M

Top Sells

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$27M
2
USA icon
Liberty All-Star Equity Fund
USA
+$22M
3
PHK
PIMCO High Income Fund
PHK
+$17.7M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$15.8M
5
CCT
Corporate Capital Trust, Inc.
CCT
+$15.7M

Sector Composition

Rank Sector Weight
1 Financials 2.5%
2 Technology 0.89%
3 Energy 0.4%
4 Industrials 0.34%
5 Consumer Discretionary 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HUNTW
176
DELISTED
Hunter Maritime Acquisition Corp. Warrant
HUNTW
$44K ﹤0.01%
75,001
– –
CNACR
177
DELISTED
Constellation Alpha Capital Corp. Right
CNACR
$43K ﹤0.01%
120,000
– –
GTYHW
178
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$33K ﹤0.01%
26,667
– –
CNACW
179
DELISTED
Constellation Alpha Capital Corp. Warrant
CNACW
$31K ﹤0.01%
120,000
– –
BRACR
180
DELISTED
Black Ridge Acquisition Corp. Right
BRACR
$30K ﹤0.01%
100,000
– –
BCACW
181
DELISTED
Bison Capital Acquistion Corp Warrant
BCACW
$25K ﹤0.01%
62,500
– –
BBDC icon
182
Barings BDC
BBDC
$980M
– –
-344,556
Closed -$3.27M
BGX
183
Blackstone Long-Short Credit Income Fund
BGX
$138M
– –
-44,430
Closed -$707K
CLM icon
184
Cornerstone Strategic Value Fund
CLM
$2.24B
– –
-1,771,643
Closed -$27M
CRF
185
Cornerstone Total Return Fund
CRF
$1.17B
– –
-255,876
Closed -$3.83M
CXH
186
DELISTED
MFS Investment Grade Municipal Trust
CXH
– –
-72,618
Closed -$705K
PHT
187
DELISTED
Pioneer High Income Fund
PHT
– –
-47,635
Closed -$463K
SLRC icon
188
SLR Investment Corp
SLRC
$708M
– –
-114,074
Closed -$2.31M
STEW
189
SRH Total Return Fund
STEW
$1.82B
– –
-65,326
Closed -$724K
SNAX
190
DELISTED
Stryve Foods, Inc. Class A Common Stock
SNAX
– –
-39,172
Closed -$6.05M
GER
191
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
– –
-59,538
Closed -$3.29M
CPTAG
192
DELISTED
Capitala Finance Corp. 5.75% Convertible Notes Due 2022
CPTAG
– –
-14,047
Closed -$349K
BGIO
193
DELISTED
BlackRock 2022 Global Income Opportunity Trust
BGIO
– –
-114,301
Closed -$1.12M
GMZ
194
DELISTED
Goldman Sachs MLP Income Opportunities Fund
GMZ
– –
-12,412
Closed -$777K
BDCL
195
DELISTED
2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
– –
-52,000
Closed -$855K
CVON
196
DELISTED
ConvergeOne Holdings, Inc. Class A Common Stock
CVON
– –
-200,000
Closed -$2M
ABE
197
DELISTED
Aberdeen Emerging Markets Smaller Company Opportunities Fund
ABE
– –
-23,680
Closed -$344K
FMCIR
198
DELISTED
Forum Merger Corporation Right
FMCIR
– –
-200,000
Closed -$132K
FMCIW
199
DELISTED
Forum Merger Corporation Warrant
FMCIW
– –
-100,000
Closed -$68K
DHG
200
DELISTED
Deutsche High Incm Opportunities
DHG
– –
-479,363
Closed -$7.2M
5 6 7
8
9

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Rivernorth Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Rivernorth Capital Management held 201 positions worth $1.35B, down 6.4% from $1.44B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $51.2M in Q1 2018, closing 20 positions and reducing 55 holdings. Its most notable exit was Cornerstone Strategic Value Fund, an estimated $27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.5% of assets, down from 3.9% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $14.7M.

  • Rivernorth Capital Management's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 55,719 shares worth $14.7M.
  • Rivernorth Capital Management added most to abrdn Total Dynamic Dividend Fund in Q1 2018, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $22M.
  • Rivernorth Capital Management fully exited Cornerstone Strategic Value Fund in Q1 2018, selling an estimated $27M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.35B portfolio in Q1 2018.
  • Rivernorth Capital Management opened 31 new positions and closed 20 in Q1 2018.
  • Rivernorth Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.35B.

Based on Rivernorth Capital Management's 13F filing for Q1 2018, filed 15 May 2018.