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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
+1.84%
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
$1.23B
AUM Growth
-$74.8M
Cap. Flow
-$102M
Cap. Flow %
-8.3%
Top 10 Hldgs %
24.35%
Holding
232
New
15
Increased
72
Reduced
78
Closed
42

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$40.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.81M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$7.43M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$6.98M
5
ELD icon
WisdomTree Emerging Markets Local Debt Fund
ELD
+$5.42M

Top Sells

Rank Stock Value
1
ACG
AllianceBernstein Income Fund Inc
ACG
+$22.9M
2
PTY icon
PIMCO Corporate & Income Opportunity Fund
PTY
+$21.9M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$20.3M
4
ETY icon
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
+$16.4M
5
ETJ
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
+$13M

Sector Composition

Rank Sector Weight
1 Financials 3.79%
2 Materials 0.04%
3 Technology 0.04%
4 Healthcare 0.04%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JFR icon
201
Nuveen Floating Rate Income Fund
JFR
$1.25B
– –
-32,004
Closed -$381K
JPI
202
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
– –
-138,374
Closed -$3.05M
JRS icon
203
Nuveen Real Estate Income Fund
JRS
$246M
– –
-77,227
Closed -$735K
META icon
204
Meta Platforms (Facebook)
META
$1.51T
– –
-6,400
Closed -$344K
MU icon
205
Micron Technology
MU
$991B
– –
-12,000
Closed -$256K
MYI icon
206
BlackRock MuniYield Quality Fund III
MYI
$721M
– –
-18,900
Closed -$239K
NMZ icon
207
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.22B
– –
-18,416
Closed -$221K
NUV icon
208
Nuveen Municipal Value Fund
NUV
$1.91B
– –
-68,060
Closed -$615K
PCEF icon
209
Invesco CEF Income Composite ETF
PCEF
$813M
– –
-11,000
Closed -$268K
PCN
210
PIMCO Corporate & Income Strategy Fund
PCN
$885M
– –
-123,672
Closed -$1.95M
PGZ
211
Principal Real Estate Income Fund
PGZ
$68.7M
– –
-45,022
Closed -$768K
PMX
212
DELISTED
PIMCO Municipal Income Fund III
PMX
– –
-28,291
Closed -$283K
BCIC
213
BCP Investment Corp
BCIC
$92.9M
– –
-2,922
Closed -$236K
RCS
214
PIMCO Strategic Income Fund
RCS
$250M
– –
-13,491
Closed -$132K
SPY icon
215
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
– –
-104,190
Closed -$19.2M
TEI
216
Templeton Emerging Markets Income Fund
TEI
$321M
– –
-25,196
Closed -$344K
VVR icon
217
Invesco Senior Income Trust
VVR
$454M
– –
-112,561
Closed -$567K
WEA
218
Western Asset Premier Bond Fund
WEA
$124M
– –
-13,951
Closed -$203K
XLE icon
219
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
– –
-5,200
Closed -$230K
XLK icon
220
State Street Technology Select Sector SPDR ETF
XLK
$123B
– –
-12,958
Closed -$230K
XLU icon
221
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
– –
-15,400
Closed -$292K
XLV icon
222
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
– –
-8,900
Closed -$493K
NSL
223
DELISTED
NUVEEN SENIOR INCM FD
NSL
– –
-115,893
Closed -$826K
MFL
224
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
– –
-49,980
Closed -$626K
OCSI
225
DELISTED
Oaktree Strategic Income Corporation
OCSI
– –
-28,400
Closed -$376K
6 7 8
9
10

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Rivernorth Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Rivernorth Capital Management held 232 positions worth $1.23B, down 5.7% from $1.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $102M in Q1 2014, closing 42 positions and reducing 78 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $22.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.8% of assets, down from 4.3% a quarter earlier, followed by Materials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in WisdomTree Emerging Markets Local Debt Fund worth $5.53M.

  • Rivernorth Capital Management's largest Q1 2014 buy was WisdomTree Emerging Markets Local Debt Fund: 120,635 shares worth $5.53M.
  • Rivernorth Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2014, an estimated $40.1M increase.
  • Rivernorth Capital Management's biggest Q1 2014 reduction was PIMCO Corporate & Income Opportunity Fund, cutting an estimated $21.9M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q1 2014, selling an estimated $22.9M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.23B portfolio in Q1 2014.
  • Rivernorth Capital Management opened 15 new positions and closed 42 in Q1 2014.
  • Rivernorth Capital Management's portfolio value fell 5.7% quarter-over-quarter to $1.23B.

Based on Rivernorth Capital Management's 13F filing for Q1 2014, filed 15 May 2014.