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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
-0.37%
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
$1.2B
AUM Growth
-$71.2M
Cap. Flow
-$66.9M
Cap. Flow %
-5.58%
Top 10 Hldgs %
30.99%
Holding
261
New
52
Increased
65
Reduced
44
Closed
48

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$17.5M
3
CRF
Cornerstone Total Return Fund
CRF
+$8.55M
4
PCF
High Income Securities Fund
PCF
+$6.75M
5
AVK
Advent Convertible and Income Fund
AVK
+$5.73M

Top Sells

Rank Stock Value
1
MZF
Managed Duration Inv Grd Muni Fd
MZF
+$14.8M
2
RA
Brookfield Real Assets Income Fund
RA
+$13.6M
3
USA icon
Liberty All-Star Equity Fund
USA
+$13M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$8.26M

Sector Composition

Rank Sector Weight
1 Financials 2.31%
2 Consumer Discretionary 1.27%
3 Technology 1.03%
4 Healthcare 0.65%
5 Communication Services 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALGRR
201
DELISTED
Allegro Merger Corp Right
ALGRR
$40K ﹤0.01%
+100,000
New +$40K
BRACR
202
DELISTED
Black Ridge Acquisition Corp. Right
BRACR
$37K ﹤0.01%
100,000
– –
ALGRW
203
DELISTED
Allegro Merger Corp Warrant
ALGRW
$35K ﹤0.01%
+100,000
New +$33.5K
DOTAW
204
DELISTED
Draper Oakwood Technology Acquisition, Inc. Warrant
DOTAW
$35K ﹤0.01%
60,000
– –
BCACW
205
DELISTED
Bison Capital Acquistion Corp Warrant
BCACW
$33K ﹤0.01%
62,500
– –
GTYHW
206
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
$33K ﹤0.01%
26,667
– –
FPAC.WS
207
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$27K ﹤0.01%
+16,665
New +$26.9K
GLACR
208
DELISTED
Greenland Acquisition Corporation Right
GLACR
$27K ﹤0.01%
+75,000
New +$27.9K
STLRW
209
DELISTED
Stellar Acquisition III Inc. Warrants
STLRW
$27K ﹤0.01%
200,000
– –
CNACW
210
DELISTED
Constellation Alpha Capital Corp. Warrant
CNACW
$26K ﹤0.01%
120,000
– –
TOTAW
211
DELISTED
Tottenham Acquisition I Limited Warrant
TOTAW
$24K ﹤0.01%
+118,000
New +$23.2K
HUNTW
212
DELISTED
Hunter Maritime Acquisition Corp. Warrant
HUNTW
$23K ﹤0.01%
75,001
– –
GLACW
213
DELISTED
Greenland Acquisition Corporation Warrant
GLACW
$20K ﹤0.01%
+75,000
New +$16.2K
ADX icon
214
Adams Diversified Equity Fund
ADX
$3.21B
– –
-36,374
Closed -$561K
CEF icon
215
Sprott Physical Gold and Silver Trust
CEF
$8.3B
– –
-437,244
Closed -$5.48M
FLC
216
Flaherty & Crumrine Total Return Fund
FLC
$175M
– –
-106,151
Closed -$2.07M
FPF
217
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
– –
-78,750
Closed -$1.7M
GAM
218
General American Investors Company
GAM
$1.62B
– –
-89,020
Closed -$3.06M
GDX icon
219
VanEck Gold Miners ETF
GDX
$27.6B
– –
-105,594
Closed -$2.36M
GLQ
220
Clough Global Equity Fund
GLQ
$157M
– –
-158,397
Closed -$2.27M
GUT
221
Gabelli Utility Trust
GUT
$573M
– –
-476,157
Closed -$2.73M
HFFG icon
222
HF Foods Group
HFFG
$83.4M
– –
-150,000
Closed -$1.52M
IMXI icon
223
International Money Express
IMXI
$356M
– –
-125,002
Closed -$1.25M
MHI
224
DELISTED
Pioneer Municipal High Income Fund
MHI
– –
-86,783
Closed -$991K
NBB icon
225
Nuveen Taxable Municipal Income Fund
NBB
$453M
– –
-80,997
Closed -$1.67M
7 8
9
10 11

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Rivernorth Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Rivernorth Capital Management held 261 positions worth $1.2B, down 5.6% from $1.27B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $66.9M in Q3 2018, closing 48 positions and reducing 44 holdings. Its most notable exit was Managed Duration Inv Grd Muni Fd, an estimated $14.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.5M.

  • Rivernorth Capital Management's largest Q3 2018 buy was Cornerstone Strategic Value Fund: 1,558,375 shares worth $21.5M.
  • Rivernorth Capital Management added most to High Income Securities Fund in Q3 2018, an estimated $6.75M increase.
  • Rivernorth Capital Management's biggest Q3 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $13M.
  • Rivernorth Capital Management fully exited Managed Duration Inv Grd Muni Fd in Q3 2018, selling an estimated $14.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.2B portfolio in Q3 2018.
  • Rivernorth Capital Management opened 52 new positions and closed 48 in Q3 2018.
  • Rivernorth Capital Management's portfolio value fell 5.6% quarter-over-quarter to $1.2B.

Based on Rivernorth Capital Management's 13F filing for Q3 2018, filed 15 Nov 2018.