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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
+0.99%
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
$1.3B
AUM Growth
+$353M
Cap. Flow
+$331M
Cap. Flow %
25.4%
Top 10 Hldgs %
22.27%
Holding
261
New
73
Increased
81
Reduced
45
Closed
44

Top Buys

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$23.8M
2
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.4M
3
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$17.3M
4
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$14.2M
5
DSU icon
BlackRock Debt Strategies Fund
DSU
+$12.6M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$19.5M
2
OEF icon
iShares S&P 100 ETF
OEF
+$10.4M
3
PRF icon
Invesco FTSE RAFI US 1000 ETF
PRF
+$9.35M
4
ETW
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
+$7.2M
5
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$5.02M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Technology 0.1%
3 Materials 0.04%
4 Communication Services 0.03%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLU icon
201
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
$292K 0.02%
+15,400
New +$295K
PMX
202
DELISTED
PIMCO Municipal Income Fund III
PMX
$283K 0.02%
28,291
-600
-2% -$6.13K
PCEF icon
203
Invesco CEF Income Composite ETF
PCEF
$813M
$268K 0.02%
+11,000
New +$264K
NEM icon
204
Newmont
NEM
$119B
$262K 0.02%
11,400
+4,000
+54% +$103K
CSP
205
DELISTED
AMER STRATEGIC INCM PTFL-III
CSP
$260K 0.02%
+39,626
New +$265K
MU icon
206
Micron Technology
MU
$991B
$256K 0.02%
+12,000
New +$233K
MYI icon
207
BlackRock MuniYield Quality Fund III
MYI
$721M
$239K 0.02%
+18,900
New +$238K
BCIC
208
BCP Investment Corp
BCIC
$92.9M
$236K 0.02%
2,922
-1,580
-35% -$132K
XLE icon
209
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
$230K 0.02%
+5,200
New +$224K
XLK icon
210
State Street Technology Select Sector SPDR ETF
XLK
$123B
$230K 0.02%
12,958
-114,342
-90% -$1.94M
NMZ icon
211
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.22B
$221K 0.02%
18,416
-56,322
-75% -$657K
BHP icon
212
BHP
BHP
$230B
$217K 0.02%
+3,784
New +$219K
WEA
213
Western Asset Premier Bond Fund
WEA
$124M
$203K 0.02%
13,951
-5,387
-28% -$80K
ETX
214
Eaton Vance Municipal Income 2028 Term Trust
ETX
$199M
$188K 0.01%
+12,843
New +$184K
RCS
215
PIMCO Strategic Income Fund
RCS
$250M
$132K 0.01%
+13,491
New +$137K
ASP
216
DELISTED
AMERN STRATEGIC INCOME PORTFOL
ASP
$103K 0.01%
+11,483
New +$111K
ACI
217
DELISTED
ARCH COAL, INC.
ACI
$78K 0.01%
1,760
– –
AVK
218
Advent Convertible and Income Fund
AVK
$563M
– –
-101,552
Closed -$1.74M
BKT icon
219
BlackRock Income Trust
BKT
$341M
– –
-9,217
Closed -$184K
BYM
220
DELISTED
BlackRock Municipal Income Quality Trust
BYM
– –
-20,745
Closed -$282K
CCJ icon
221
Cameco
CCJ
$42.4B
– –
-17,711
Closed -$320K
CIK
222
Credit Suisse Asset Management Income Fund
CIK
$134M
– –
-23,304
Closed -$86K
CMU
223
DELISTED
MFS High Yield Municipal Trust
CMU
– –
-82,979
Closed -$344K
CWB icon
224
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.61B
– –
-111,000
Closed -$5.02M
DMO
225
Western Asset Mortgage Opportunity Fund
DMO
$120M
– –
-47,050
Closed -$1.06M
7 8
9
10 11

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Rivernorth Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Rivernorth Capital Management held 261 positions worth $1.3B, up 37% from $950M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management deployed $331M of net new capital in Q4 2013, opening 73 new positions and adding to 81 existing holdings. Its largest new stake was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 4% a quarter earlier, followed by Technology and Materials.

On the sell side, the largest reduction was iShares S&P 100 ETF, an estimated $10.4M trimmed.

  • Rivernorth Capital Management's largest Q4 2013 buy was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.
  • Rivernorth Capital Management added most to PIMCO Dynamic Credit and Mortgage Income Fund in Q4 2013, an estimated $23.8M increase.
  • Rivernorth Capital Management's biggest Q4 2013 reduction was iShares S&P 100 ETF, cutting an estimated $10.4M.
  • Rivernorth Capital Management fully exited Vanguard S&P 500 ETF in Q4 2013, selling an estimated $19.5M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $1.3B portfolio in Q4 2013.
  • Rivernorth Capital Management opened 73 new positions and closed 44 in Q4 2013.
  • Rivernorth Capital Management's portfolio value rose 37% quarter-over-quarter to $1.3B.

Based on Rivernorth Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.