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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
+8.69%
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
$1.52B
AUM Growth
-$160M
Cap. Flow
-$284M
Cap. Flow %
-18.72%
Top 10 Hldgs %
30.38%
Holding
315
New
23
Increased
46
Reduced
77
Closed
81

Top Buys

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$10.6M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$10.6M
3
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$8.55M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.34M
5
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$7.1M

Top Sells

Rank Stock Value
1
FSK icon
FS KKR Capital
FSK
+$17.4M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$15.2M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$14.8M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.1M
5
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 3.18%
2 Consumer Discretionary 0.9%
3 Technology 0.67%
4 Healthcare 0.37%
5 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BROGR
201
DELISTED
Twelve Seas Investment Company Rights
BROGR
$61K ﹤0.01%
225,000
– –
MMDMR
202
DELISTED
Modern Media Acquisition Corp. Right
MMDMR
$61K ﹤0.01%
230,000
– –
BFIIW
203
DELISTED
BurgerFi International, Inc. Warrant
BFIIW
$60K ﹤0.01%
250,000
– –
LGC.WS
204
DELISTED
Legacy Acquisition Corp. Warrants, exercisable for one-half of one share of Class A Common Stock for
LGC.WS
$60K ﹤0.01%
200,000
– –
TWLVW
205
DELISTED
Twelve Seas Investment Company Warrant
TWLVW
$59K ﹤0.01%
225,000
– –
TIBRW
206
DELISTED
Tiberius Acquisition Corporation Warrant
TIBRW
$55K ﹤0.01%
125,000
– –
BIOX.WS
207
DELISTED
Bioceres Crop Solutions Corp Warrants, exercisable for ordinary shares
BIOX.WS
$54K ﹤0.01%
+200,000
New +$47.9K
KBLMR
208
DELISTED
KBL Merger Corp. IV Rights expiring 11/9/2020
KBLMR
$53K ﹤0.01%
230,000
– –
BCACR
209
DELISTED
Bison Capital Acquistion Corp Rights
BCACR
$44K ﹤0.01%
125,000
– –
HCCHR
210
DELISTED
HL Acquisitions Corp. Right
HCCHR
$41K ﹤0.01%
125,000
– –
MMDMW
211
DELISTED
Modern Media Acquisition Corp. Warrant
MMDMW
$40K ﹤0.01%
115,000
– –
LSEAW
212
DELISTED
Landsea Homes Corporation Warrant
LSEAW
$39K ﹤0.01%
100,000
– –
TOTAR
213
DELISTED
Tottenham Acquisition I Limited Right expiring 3/6/2021
TOTAR
$38K ﹤0.01%
118,000
– –
HUNTW
214
DELISTED
Hunter Maritime Acquisition Corp. Warrant
HUNTW
$38K ﹤0.01%
75,001
– –
WRLSW
215
DELISTED
Pensare Acquisition Corp. Warrant
WRLSW
$35K ﹤0.01%
174,997
-214,997
-55% -$56.5K
BRACR
216
DELISTED
Black Ridge Acquisition Corp. Right
BRACR
$35K ﹤0.01%
100,000
– –
TMCXW
217
DELISTED
Trinity Merger Corp. Warrant
TMCXW
$32K ﹤0.01%
96,000
– –
HCCHW
218
DELISTED
HL Acquisitions Corp. Warrant
HCCHW
$31K ﹤0.01%
125,000
– –
ALGRR
219
DELISTED
Allegro Merger Corp Right
ALGRR
$31K ﹤0.01%
100,000
– –
ALGRW
220
DELISTED
Allegro Merger Corp Warrant
ALGRW
$27K ﹤0.01%
100,000
– –
CMSSW
221
DELISTED
CM Seven Star Acquisition Corporation Warrant
CMSSW
$27K ﹤0.01%
150,000
– –
KBLMW
222
DELISTED
KBL Merger Corp. IV Warrant
KBLMW
$26K ﹤0.01%
230,000
– –
FPAC.WS
223
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$23K ﹤0.01%
16,665
– –
NRXPW
224
DELISTED
NRX Pharmaceuticals Warrant
NRXPW
$22K ﹤0.01%
119,999
– –
LTRYW icon
225
Sports Entertainment Gaming Global Corp Warrants
LTRYW
$503
$20K ﹤0.01%
150,000
– –
7 8
9
10 11

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Rivernorth Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Rivernorth Capital Management held 315 positions worth $1.52B, down 9.6% from $1.68B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $284M in Q1 2019, closing 81 positions and reducing 77 holdings. Its most notable exit was Nuveen Preferred & Income Securities Fund, an estimated $15.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.2% of assets, down from 4.3% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniYield Quality Fund III worth $8.83M.

  • Rivernorth Capital Management's largest Q1 2019 buy was BlackRock MuniYield Quality Fund III: 683,169 shares worth $8.83M.
  • Rivernorth Capital Management added most to Western Asset Global High Income Fund in Q1 2019, an estimated $10.6M increase.
  • Rivernorth Capital Management's biggest Q1 2019 reduction was FS KKR Capital, cutting an estimated $17.4M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q1 2019, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.52B portfolio in Q1 2019.
  • Rivernorth Capital Management opened 23 new positions and closed 81 in Q1 2019.
  • Rivernorth Capital Management's portfolio value fell 9.6% quarter-over-quarter to $1.52B.

Based on Rivernorth Capital Management's 13F filing for Q1 2019, filed 15 May 2019.