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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
-8.99%
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
$1.68B
AUM Growth
+$480M
Cap. Flow
+$604M
Cap. Flow %
36.01%
Top 10 Hldgs %
26.1%
Holding
319
New
106
Increased
77
Reduced
26
Closed
27

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$31.7M
2
FSK icon
FS KKR Capital
FSK
+$31.6M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.7M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$19.7M
5
HFRO
Highland Opportunities and Income Fund
HFRO
+$19.2M

Top Sells

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$25.2M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.3M
3
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$10.1M
4
WIA
Western Asset Inflation-Linked Income Fund
WIA
+$8.39M
5
KMM
Deutsche Multi-Market Incm Trust
KMM
+$5.79M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Consumer Discretionary 0.85%
3 Healthcare 0.47%
4 Technology 0.46%
5 Communication Services 0.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NKLA
176
DELISTED
Nikola Corporation Common Stock
NKLA
$1.46M 0.09%
5,000
– –
KTF
177
DWS Municipal Income Trust
KTF
$352M
$1.41M 0.08%
+137,568
New +$1.41M
MYN icon
178
BlackRock MuniYield New York Quality Fund
MYN
$378M
$1.39M 0.08%
+121,322
New +$1.38M
BCAC
179
DELISTED
Bison Capital Acquistion Corp Ordinary Shares
BCAC
$1.3M 0.08%
125,000
– –
NAN icon
180
Nuveen New York Quality Municipal Income Fund
NAN
$373M
$1.27M 0.08%
+104,200
New +$1.27M
TZACU
181
DELISTED
Tenzing Acquisition Corp. Units
TZACU
$1.26M 0.08%
125,000
– –
HCCH
182
DELISTED
HL Acquisitions Corp. Ordinary Shares
HCCH
$1.23M 0.07%
125,000
– –
IGIC icon
183
International General Insurance
IGIC
$1.13B
$1.22M 0.07%
125,000
– –
DMF
184
DELISTED
BNY Mellon Municipal Income
DMF
$1.2M 0.07%
+157,434
New +$1.2M
CLNN icon
185
Clene
CLNN
$59.8M
$1.17M 0.07%
5,900
– –
DMTK
186
DELISTED
DermTech, Inc. Common Stock
DMTK
$1.15M 0.07%
56,235
– –
IQI icon
187
Invesco Quality Municipal Securities
IQI
$531M
$1.09M 0.07%
+98,290
New +$1.1M
OCCI
188
OFS Credit Co
OCCI
$72.8M
$1.09M 0.06%
+78,871
New +$1.24M
LDP icon
189
Cohen & Steers Duration Preferred & Income Fund
LDP
$603M
$1.08M 0.06%
+49,895
New +$1.11M
MHN
190
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$1.05M 0.06%
+88,177
New +$1.04M
SEVN
191
Seven Hills Realty Trust
SEVN
$172M
$1.05M 0.06%
69,006
+38,006
+123% +$645K
FAM
192
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$1.02M 0.06%
+108,860
New +$1M
LOACU
193
DELISTED
Longevity Acquisition Corporation Units
LOACU
$1.01M 0.06%
100,000
– –
NEV
194
DELISTED
NUVEEN ENHANCED MUNICIPAL VALUE FUND
NEV
$1M 0.06%
+77,512
New +$999K
EDTXU
195
DELISTED
EdtechX Holdings Acquisition Corp. Unit
EDTXU
$998K 0.06%
+100,000
New +$1M
CTACU
196
DELISTED
ChaSerg Technology Acquisition Corp. Unit
CTACU
$998K 0.06%
+100,000
New +$1M
PMF
197
DELISTED
PIMCO Municipal Income Fund
PMF
$983K 0.06%
+78,350
New +$978K
CCA
198
DELISTED
MFS California Municipal Fund
CCA
$983K 0.06%
98,856
+52,919
+115% +$526K
LSEA
199
DELISTED
Landsea Homes
LSEA
$978K 0.06%
100,000
– –
ALGR
200
DELISTED
Allegro Merger Corp
ALGR
$977K 0.06%
100,000
– –
6 7
8
9 10

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Rivernorth Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Rivernorth Capital Management held 319 positions worth $1.68B, up 40% from $1.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Rivernorth Capital Management deployed $604M of net new capital in Q4 2018, opening 106 new positions and adding to 77 existing holdings. Its largest new stake was FS KKR Capital: 1,270,668 shares worth $27.1M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $14.3M trimmed.

  • Rivernorth Capital Management's largest Q4 2018 buy was FS KKR Capital: 1,270,668 shares worth $27.1M.
  • Rivernorth Capital Management added most to Nuveen Quality Municipal Income Fund in Q4 2018, an estimated $31.7M increase.
  • Rivernorth Capital Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $14.3M.
  • Rivernorth Capital Management fully exited abrdn Total Dynamic Dividend Fund in Q4 2018, selling an estimated $25.2M.
  • Rivernorth Capital Management's ten largest holdings make up 26% of its $1.68B portfolio in Q4 2018.
  • Rivernorth Capital Management opened 106 new positions and closed 27 in Q4 2018.
  • Rivernorth Capital Management's portfolio value rose 40% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.