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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
-16.65%
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
$1.49B
AUM Growth
-$173M
Cap. Flow
+$140M
Cap. Flow %
9.39%
Top 10 Hldgs %
27.23%
Holding
322
New
59
Increased
70
Reduced
57
Closed
50

Top Buys

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$21.2M
2
ARCC icon
Ares Capital
ARCC
+$20.4M
3
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$19.5M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$18.5M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$17.1M

Top Sells

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$26M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$20.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$16.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$15M
5
GLO
Clough Global Opportunities Fund
GLO
+$11.5M

Sector Composition

Rank Sector Weight
1 Financials 5.06%
2 Technology 0.39%
3 Communication Services 0.38%
4 Healthcare 0.29%
5 Industrials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BGY icon
176
BlackRock Enhanced International Dividend Trust
BGY
$534M
$1.28M 0.09%
284,551
+76,386
+37% +$410K
CPZ
177
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
$1.26M 0.08%
+86,980
New +$1.53M
FIV
178
DELISTED
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
$1.24M 0.08%
+169,112
New +$1.46M
CLNN icon
179
Clene
CLNN
$55.8M
$1.24M 0.08%
5,900
– –
BTT icon
180
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$1.23M 0.08%
54,332
+36,372
+203% +$868K
HERZ
181
Herzfeld Credit Income Fund
HERZ
$32.6M
$1.23M 0.08%
45,471
+14,325
+46% +$628K
VKI icon
182
Invesco Advantage Municipal Income Trust II
VKI
$398M
$1.21M 0.08%
118,037
+64,338
+120% +$708K
HTY
183
DELISTED
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
$1.19M 0.08%
237,404
+17,049
+8% +$109K
FAM
184
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$1.15M 0.08%
+130,671
New +$1.4M
TSLX icon
185
Sixth Street Specialty
TSLX
$1.78B
$1.11M 0.07%
+79,844
New +$1.61M
BLW icon
186
BlackRock Limited Duration Income Trust
BLW
$493M
$1.08M 0.07%
+85,914
New +$1.3M
LOACU
187
DELISTED
Longevity Acquisition Corporation Units
LOACU
$1.07M 0.07%
100,000
– –
TCPC icon
188
BlackRock TCP Capital
TCPC
$327M
$1.05M 0.07%
+167,515
New +$2.08M
NIQ
189
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$1.04M 0.07%
78,213
-75,049
-49% -$1.04M
EXD
190
DELISTED
Eaton Vance TaxManaged Buy-Write Strategy Fund
EXD
$1.04M 0.07%
135,717
-277,936
-67% -$2.62M
INSUU
191
DELISTED
Insurance Acquisition Corp. Unit
INSUU
$1.04M 0.07%
100,000
– –
LSEA
192
DELISTED
Landsea Homes
LSEA
$1.03M 0.07%
100,000
– –
HYACU
193
DELISTED
Haymaker Acquisition Corp. II Unit
HYACU
$1.01M 0.07%
100,000
– –
HOFV
194
DELISTED
Hall of Fame Resort & Entertainment Co
HOFV
$1.01M 0.07%
6,405
-4,898
-43% -$802K
IFN
195
Aberdeen India Fund
IFN
$508M
$1M 0.07%
73,606
-7,072
-9% -$130K
PTACU
196
DELISTED
PropTech Acquisition Corporation Unit
PTACU
$994K 0.07%
100,000
– –
EVY
197
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
$993K 0.07%
80,051
+6,955
+10% +$92.2K
FREE
198
DELISTED
Whole Earth Brands, Inc. Class A Common Stock
FREE
$987K 0.07%
99,996
+2,838
+3% +$28.6K
CIICU
199
DELISTED
CIIG Merger Corp. Units
CIICU
$980K 0.07%
100,000
– –
NBW
200
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$950K 0.06%
72,214
-133,541
-65% -$1.84M
6 7
8
9 10

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Rivernorth Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Rivernorth Capital Management held 322 positions worth $1.49B, down 10% from $1.67B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management deployed $140M of net new capital in Q1 2020, opening 59 new positions and adding to 70 existing holdings. Its largest new stake was Ares Capital: 1,211,881 shares worth $13.1M.

By sector, the portfolio is most concentrated in Financials at 5.1% of assets, up from 2.4% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was BlackRock Credit Allocation Income Trust, an estimated $26M trimmed.

  • Rivernorth Capital Management's largest Q1 2020 buy was Ares Capital: 1,211,881 shares worth $13.1M.
  • Rivernorth Capital Management added most to Golub Capital BDC in Q1 2020, an estimated $21.2M increase.
  • Rivernorth Capital Management's biggest Q1 2020 reduction was BlackRock Credit Allocation Income Trust, cutting an estimated $26M.
  • Rivernorth Capital Management fully exited Clough Global Opportunities Fund in Q1 2020, selling an estimated $11.5M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.49B portfolio in Q1 2020.
  • Rivernorth Capital Management opened 59 new positions and closed 50 in Q1 2020.
  • Rivernorth Capital Management's portfolio value fell 10% quarter-over-quarter to $1.49B.

Based on Rivernorth Capital Management's 13F filing for Q1 2020, filed 18 May 2020.