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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
+0.81%
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
$22M
AUM Growth
+$19.7M
Cap. Flow
+$203M
Cap. Flow %
924.46%
Top 10 Hldgs %
88.42%
Holding
291
New
48
Increased
64
Reduced
62
Closed
33

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.9M
4
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$17.8M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$13.7M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
4
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M
5
CRF
Cornerstone Total Return Fund
CRF
+$6.24M

Sector Composition

Rank Sector Weight
1 Financials 0.2%
2 Consumer Discretionary 0.03%
3 Communication Services 0.03%
4 Healthcare 0.03%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MHI
176
DELISTED
Pioneer Municipal High Income Fund
MHI
$1.45K 0.01%
116,195
-152,787
-57% -$1.9M
LOR
177
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$1.43K 0.01%
153,458
-219,619
-59% -$2.1M
MXE
178
Mexico Equity and Income Fund
MXE
$59.6M
$1.4K 0.01%
133,273
+6,588
+5% +$68.7K
VEA icon
179
Vanguard FTSE Developed Markets ETF
VEA
$236B
$1.39K 0.01%
33,904
-21,973
-39% -$897K
NZF icon
180
Nuveen Municipal Credit Income Fund
NZF
$2.43B
$1.32K 0.01%
+81,345
New +$1.31M
IHD
181
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$132M
$1.32K 0.01%
183,999
+94,551
+106% +$682K
TZACU
182
DELISTED
Tenzing Acquisition Corp. Units
TZACU
$1.31K 0.01%
125,000
– –
IGIC icon
183
International General Insurance
IGIC
$1.13B
$1.28K 0.01%
125,000
– –
HCCH
184
DELISTED
HL Acquisitions Corp. Ordinary Shares
HCCH
$1.27K 0.01%
125,000
– –
CLNN icon
185
Clene
CLNN
$65.9M
$1.21K 0.01%
5,900
– –
MUS
186
DELISTED
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC.
MUS
$1.16K 0.01%
+90,919
New +$1.15M
EVN
187
Eaton Vance Municipal Income Trust
EVN
$429M
$1.09K 0.01%
+84,679
New +$1.08M
HSACU
188
DELISTED
Health Sciences Acquisitions Corporation Units
HSACU
$1.07K ﹤0.01%
100,000
– –
CCA
189
DELISTED
MFS California Municipal Fund
CCA
$1.07K ﹤0.01%
83,526
+10,300
+14% +$129K
CTACU
190
DELISTED
ChaSerg Technology Acquisition Corp. Unit
CTACU
$1.06K ﹤0.01%
100,000
– –
EVY
191
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
$1.06K ﹤0.01%
+79,256
New +$1.05M
LOACU
192
DELISTED
Longevity Acquisition Corporation Units
LOACU
$1.06K ﹤0.01%
100,000
– –
INSUU
193
DELISTED
Insurance Acquisition Corp. Unit
INSUU
$1.04K ﹤0.01%
100,000
– –
ACTTU
194
DELISTED
Act II Global Acquisition Corp Unit
ACTTU
$1.04K ﹤0.01%
100,000
– –
EDTXU
195
DELISTED
EdtechX Holdings Acquisition Corp. Unit
EDTXU
$1.04K ﹤0.01%
100,000
– –
HYACU
196
DELISTED
Haymaker Acquisition Corp. II Unit
HYACU
$1.03K ﹤0.01%
100,000
– –
LSEA
197
DELISTED
Landsea Homes
LSEA
$1.03K ﹤0.01%
100,000
– –
PVT
198
DELISTED
Pivotal Acquisition Corp.
PVT
$1.02K ﹤0.01%
100,000
– –
ALGR
199
DELISTED
Allegro Merger Corp
ALGR
$1.02K ﹤0.01%
100,000
– –
DUC
200
DELISTED
Duff & Phelps Utility & Corporate Bond Trust
DUC
$1.01K ﹤0.01%
+109,732
New +$975K
6 7
8
9 10

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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $22M, up 856% from $2.3M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Rivernorth Capital Management deployed $203M of net new capital in Q3 2019, opening 48 new positions and adding to 64 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.

By sector, the portfolio is most concentrated in Financials at 0.2% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Allspring Income Opportunities Fund, an estimated $10.3M trimmed.

  • Rivernorth Capital Management's largest Q3 2019 buy was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2019, an estimated $29.4M increase.
  • Rivernorth Capital Management's biggest Q3 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $10.3M.
  • Rivernorth Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2019, selling an estimated $16.9K.
  • Rivernorth Capital Management's ten largest holdings make up 88% of its $22M portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value rose 856% quarter-over-quarter to $22M.

Based on Rivernorth Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.