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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
JPT
201
DELISTED
Nuveen Preferred and Income Fund
JPT
$868K 0.06%
+45,446
New +$1.07M
ALGR
202
DELISTED
Allegro Merger Corp
ALGR
$850K 0.06%
75,351
-24,649
-25% -$253K
MFL
203
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$794K 0.05%
60,721
-130,673
-68% -$1.74M
PCI
204
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$789K 0.05%
+46,928
New +$1.09M
KTF
205
DWS Municipal Income Trust
KTF
$353M
$784K 0.05%
72,691
-187,991
-72% -$2.13M
PKO
206
DELISTED
Pimco Income Opportunity Fund
PKO
$772K 0.05%
+38,196
New +$985K
THBRU
207
DELISTED
Thunder Bridge Acquisition II, Ltd. Units
THBRU
$764K 0.05%
75,000
– –
ASLE icon
208
AerSale
ASLE
$273M
$754K 0.05%
75,000
– –
EHT
209
DELISTED
Eaton Vance 2021 Target Term Trust
EHT
$739K 0.05%
+83,907
New +$808K
SRACU
210
DELISTED
Stable Road Acquisition Corp. Unit
SRACU
$678K 0.05%
67,500
– –
CLM icon
211
Cornerstone Strategic Value Fund
CLM
$2.25B
$650K 0.04%
81,338
-92,174
-53% -$938K
CRF
212
Cornerstone Total Return Fund
CRF
$1.18B
$648K 0.04%
83,078
+64,973
+359% +$639K
IHD
213
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$132M
$624K 0.04%
107,003
-100,956
-49% -$715K
HCCOU
214
DELISTED
Healthcare Merger Corp. Units
HCCOU
$515K 0.03%
50,000
– –
APXTU
215
DELISTED
Apex Technology Acquisition Corporation Unit
APXTU
$508K 0.03%
50,000
– –
GB
216
DELISTED
Global Blue Group Holding
GB
$506K 0.03%
49,995
– –
BSTZ icon
217
BlackRock Science and Technology Term Trust
BSTZ
$2.06B
$402K 0.03%
24,107
-90,316
-79% -$1.77M
JHY
218
DELISTED
Nuveen High Income 2020 Target Term Fund Common Shares of Beneficial Interest
JHY
$391K 0.03%
+44,284
New +$421K
NHA
219
DELISTED
Nuveen Municipal 2021 Target Term Fund
NHA
$387K 0.03%
+40,999
New +$398K
BFO
220
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
$340K 0.02%
+23,538
New +$340K
EMF
221
Templeton Emerging Markets Fund
EMF
$325M
$295K 0.02%
+26,457
New +$376K
VTIQW
222
DELISTED
VectoIQ Acquisition Corp. Warrant
VTIQW
$292K 0.02%
149,999
– –
PCM
223
PCM Fund
PCM
$70.3M
$274K 0.02%
+34,461
New +$366K
PFL
224
PIMCO Income Strategy Fund
PFL
$388M
$267K 0.02%
+31,655
New +$349K
AGD
225
abrdn Global Dynamic Dividend Fund
AGD
$326M
$265K 0.02%
+36,137
New +$341K
7 8
9
10 11

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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.