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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
-0.37%
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
$1.2B
AUM Growth
-$71.2M
Cap. Flow
-$66.9M
Cap. Flow %
-5.58%
Top 10 Hldgs %
30.99%
Holding
261
New
52
Increased
65
Reduced
44
Closed
48

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$17.5M
3
CRF
Cornerstone Total Return Fund
CRF
+$8.55M
4
PCF
High Income Securities Fund
PCF
+$6.75M
5
AVK
Advent Convertible and Income Fund
AVK
+$5.73M

Top Sells

Rank Stock Value
1
MZF
Managed Duration Inv Grd Muni Fd
MZF
+$14.8M
2
RA
Brookfield Real Assets Income Fund
RA
+$13.6M
3
USA icon
Liberty All-Star Equity Fund
USA
+$13M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$8.26M

Sector Composition

Rank Sector Weight
1 Financials 2.31%
2 Consumer Discretionary 1.27%
3 Technology 1.03%
4 Healthcare 0.65%
5 Communication Services 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KBLMR
176
DELISTED
KBL Merger Corp. IV Rights expiring 11/9/2020
KBLMR
$106K 0.01%
230,000
– –
BFIIW
177
DELISTED
BurgerFi International, Inc. Warrant
BFIIW
$100K 0.01%
250,000
+5,323
+2% +$2.14K
BROGR
178
DELISTED
Twelve Seas Investment Company Rights
BROGR
$95K 0.01%
+225,000
New +$89.9K
VTIQW
179
DELISTED
VectoIQ Acquisition Corp. Warrant
VTIQW
$91K 0.01%
149,999
+13,305
+10% +$7.82K
WRLSW
180
DELISTED
Pensare Acquisition Corp. Warrant
WRLSW
$91K 0.01%
174,997
– –
LGC.WS
181
DELISTED
Legacy Acquisition Corp. Warrants, exercisable for one-half of one share of Class A Common Stock for
LGC.WS
$89K 0.01%
200,000
+49,701
+33% +$23.2K
TWLVW
182
DELISTED
Twelve Seas Investment Company Warrant
TWLVW
$81K 0.01%
+225,000
New +$79.3K
LTN.RT
183
DELISTED
Union Acquisition Corp.
LTN.RT
$80K 0.01%
200,000
+4,994
+3% +$1.83K
CMSSW
184
DELISTED
CM Seven Star Acquisition Corporation Warrant
CMSSW
$75K 0.01%
150,000
– –
TIBRW
185
DELISTED
Tiberius Acquisition Corporation Warrant
TIBRW
$74K 0.01%
125,000
– –
LTN.WS
186
DELISTED
Union Acquisition Corp.
LTN.WS
$70K 0.01%
200,000
+4,994
+3% +$1.76K
MMDMW
187
DELISTED
Modern Media Acquisition Corp. Warrant
MMDMW
$69K 0.01%
115,000
– –
TBRGW
188
DELISTED
Thunder Bridge Acquisition, Ltd. Warrant
TBRGW
$67K 0.01%
+150,000
New +$73.2K
BCACR
189
DELISTED
Bison Capital Acquistion Corp Rights
BCACR
$66K 0.01%
125,000
– –
DOTAR
190
DELISTED
Draper Oakwood Technology Acquisition, Inc. Rights
DOTAR
$61K 0.01%
120,000
– –
LSEAW
191
DELISTED
Landsea Homes Corporation Warrant
LSEAW
$55K ﹤0.01%
+100,000
New +$55.9K
NRXPW
192
DELISTED
NRX Pharmaceuticals Warrant
NRXPW
$54K ﹤0.01%
119,999
+29,958
+33% +$13.6K
IAMXW
193
DELISTED
I-AM Capital Acquisition Company Warrant
IAMXW
$53K ﹤0.01%
150,000
– –
HCCHR
194
DELISTED
HL Acquisitions Corp. Right
HCCHR
$50K ﹤0.01%
+125,000
New +$49.1K
KBLMW
195
DELISTED
KBL Merger Corp. IV Warrant
KBLMW
$50K ﹤0.01%
230,000
– –
TMCXW
196
DELISTED
Trinity Merger Corp. Warrant
TMCXW
$48K ﹤0.01%
96,000
– –
CNACR
197
DELISTED
Constellation Alpha Capital Corp. Right
CNACR
$48K ﹤0.01%
120,000
– –
HCCHW
198
DELISTED
HL Acquisitions Corp. Warrant
HCCHW
$45K ﹤0.01%
+125,000
New +$52.7K
LTRYW icon
199
Sports Entertainment Gaming Global Corp Warrants
LTRYW
$503
$44K ﹤0.01%
150,000
– –
TOTAR
200
DELISTED
Tottenham Acquisition I Limited Right expiring 3/6/2021
TOTAR
$44K ﹤0.01%
+118,000
New +$45.3K
6 7
8
9 10

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Rivernorth Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Rivernorth Capital Management held 261 positions worth $1.2B, down 5.6% from $1.27B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $66.9M in Q3 2018, closing 48 positions and reducing 44 holdings. Its most notable exit was Managed Duration Inv Grd Muni Fd, an estimated $14.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.5M.

  • Rivernorth Capital Management's largest Q3 2018 buy was Cornerstone Strategic Value Fund: 1,558,375 shares worth $21.5M.
  • Rivernorth Capital Management added most to High Income Securities Fund in Q3 2018, an estimated $6.75M increase.
  • Rivernorth Capital Management's biggest Q3 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $13M.
  • Rivernorth Capital Management fully exited Managed Duration Inv Grd Muni Fd in Q3 2018, selling an estimated $14.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.2B portfolio in Q3 2018.
  • Rivernorth Capital Management opened 52 new positions and closed 48 in Q3 2018.
  • Rivernorth Capital Management's portfolio value fell 5.6% quarter-over-quarter to $1.2B.

Based on Rivernorth Capital Management's 13F filing for Q3 2018, filed 15 Nov 2018.