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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
+8.69%
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
$1.52B
AUM Growth
-$160M
Cap. Flow
-$284M
Cap. Flow %
-18.72%
Top 10 Hldgs %
30.38%
Holding
315
New
23
Increased
46
Reduced
77
Closed
81

Top Buys

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$10.6M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$10.6M
3
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$8.55M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.34M
5
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$7.1M

Top Sells

Rank Stock Value
1
FSK icon
FS KKR Capital
FSK
+$17.4M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$15.2M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$14.8M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.1M
5
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 3.18%
2 Consumer Discretionary 0.9%
3 Technology 0.67%
4 Healthcare 0.37%
5 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GB
176
DELISTED
Global Blue Group Holding
GB
$497K 0.03%
49,995
– –
DMF
177
DELISTED
BNY Mellon Municipal Income
DMF
$429K 0.03%
51,063
-106,371
-68% -$858K
MQT
178
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$329K 0.02%
26,725
-5,700
-18% -$68.7K
PHUNW
179
DELISTED
Phunware, Inc. Warrants
PHUNW
$290K 0.02%
175,000
-25,000
-13% -$17.8K
IHD
180
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$132M
$272K 0.02%
34,261
-12,592
-27% -$102K
HGLB
181
Highland Global Allocation Fund
HGLB
$177M
$251K 0.02%
+19,401
New +$252K
OMAD.WS
182
DELISTED
One Madison Corporation
OMAD.WS
$238K 0.02%
199,999
– –
NESRW
183
DELISTED
National Energy Services Reunited Corp. Warrant
NESRW
$225K 0.01%
197,089
-18,926
-9% -$17.9K
CCH.U
184
DELISTED
Collier Creek Holdings Units, each consisting of one Class A ordinary share, $0.0001 par value, and
CCH.U
$206K 0.01%
20,000
– –
PACQW
185
DELISTED
Pure Acquisition Corp. Warrant
PACQW
$125K 0.01%
112,498
– –
MUDSW
186
DELISTED
Mudrick Capital Acquisition Corporation Warrant
MUDSW
$110K 0.01%
200,000
– –
TBRGW
187
DELISTED
Thunder Bridge Acquisition, Ltd. Warrant
TBRGW
$108K 0.01%
150,000
– –
WRLSR
188
DELISTED
Pensare Acquisition Corp. Right to purchase 1/10 of common stock
WRLSR
$105K 0.01%
349,994
– –
MTECW
189
DELISTED
MTech Acquisition Corp. Warrant
MTECW
$99K 0.01%
155,000
– –
CMSSR
190
DELISTED
CM Seven Star Acquisition Corporation Right
CMSSR
$99K 0.01%
300,000
– –
BRACW
191
DELISTED
Black Ridge Acquisition Corp. Warrant
BRACW
$90K 0.01%
300,000
– –
BRPAR
192
DELISTED
Big Rock Partners Acquisition Corp. Right
BRPAR
$83K 0.01%
239,998
– –
CCC.WS
193
DELISTED
Clarivate Analytics Plc Warrants, each to purchase one Ordinary Share
CCC.WS
$82K 0.01%
+24,999
New +$50.4K
LACQW
194
DELISTED
Leisure Acquisition Corp. Warrant
LACQW
$81K 0.01%
153,297
– –
STRDW
195
DELISTED
Sitio Royalties Corp. Warrant
STRDW
$72K ﹤0.01%
87,490
-10
-0% -$8
BIOX icon
196
Bioceres Crop Solutions
BIOX
$22.8M
$69K ﹤0.01%
13,199
-186,801
-93% -$1.4M
HYACW
197
DELISTED
Haymaker Acquisition Corp. Warrant
HYACW
$68K ﹤0.01%
28,198
-119,300
-81% -$173K
GPAQW
198
DELISTED
Gordon Pointe Acquisition Corp. Warrant
GPAQW
$67K ﹤0.01%
175,000
– –
VTIQW
199
DELISTED
VectoIQ Acquisition Corp. Warrant
VTIQW
$65K ﹤0.01%
149,999
– –
NRCG.WS
200
DELISTED
NRC Group Holdings Corp.
NRCG.WS
$63K ﹤0.01%
70,068
-98,682
-58% -$89.1K
6 7
8
9 10

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Rivernorth Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Rivernorth Capital Management held 315 positions worth $1.52B, down 9.6% from $1.68B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $284M in Q1 2019, closing 81 positions and reducing 77 holdings. Its most notable exit was Nuveen Preferred & Income Securities Fund, an estimated $15.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.2% of assets, down from 4.3% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniYield Quality Fund III worth $8.83M.

  • Rivernorth Capital Management's largest Q1 2019 buy was BlackRock MuniYield Quality Fund III: 683,169 shares worth $8.83M.
  • Rivernorth Capital Management added most to Western Asset Global High Income Fund in Q1 2019, an estimated $10.6M increase.
  • Rivernorth Capital Management's biggest Q1 2019 reduction was FS KKR Capital, cutting an estimated $17.4M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q1 2019, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.52B portfolio in Q1 2019.
  • Rivernorth Capital Management opened 23 new positions and closed 81 in Q1 2019.
  • Rivernorth Capital Management's portfolio value fell 9.6% quarter-over-quarter to $1.52B.

Based on Rivernorth Capital Management's 13F filing for Q1 2019, filed 15 May 2019.