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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
+2.65%
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
$1.62B
AUM Growth
-$143M
Cap. Flow
-$274M
Cap. Flow %
-16.98%
Top 10 Hldgs %
30.32%
Holding
425
New
161
Increased
45
Reduced
86
Closed
91

Top Buys

Rank Stock Value
1
HIX
Western Asset High Income Fund II
HIX
+$16.6M
2
OCSL icon
Oaktree Specialty Lending
OCSL
+$13.7M
3
BCSF icon
Bain Capital Specialty
BCSF
+$11M
4
FIV
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
+$9.21M
5
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$8.1M

Top Sells

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$31.3M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$26M
3
HFRO
Highland Opportunities and Income Fund
HFRO
+$17.9M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$17.2M
5
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$14.9M

Sector Composition

Rank Sector Weight
1 Financials 8.07%
2 Technology 1.29%
3 Consumer Discretionary 1%
4 Industrials 0.91%
5 Healthcare 0.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MAV
201
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$570K 0.04%
52,157
– –
MLACU
202
DELISTED
Malacca Straits Acquisition Company Limited Units
MLACU
$547K 0.03%
+55,000
New +$547K
AVPT icon
203
AvePoint
AVPT
$2.78B
$530K 0.03%
+49,998
New +$520K
MYC
204
DELISTED
Blackrock Muni Yield California Fund, Inc.
MYC
$519K 0.03%
37,509
– –
ACEVU
205
DELISTED
ACE Convergence Acquisition Corp
ACEVU
$513K 0.03%
+50,000
New +$503K
GFY
206
DELISTED
Western Asset Variable Rate Strategic Fund, Inc
GFY
$511K 0.03%
31,146
+17,498
+128% +$284K
CAPAU
207
DELISTED
HighCape Capital Acquisition Corp. Unit
CAPAU
$506K 0.03%
+50,000
New +$506K
TWND.U
208
DELISTED
Tailwind Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant
TWND.U
$503K 0.03%
+50,000
New +$501K
VIHAU
209
DELISTED
VPC Impact Acquisition Holdings Unit
VIHAU
$500K 0.03%
+50,000
New +$500K
TLMD
210
DELISTED
SOC Telemed, Inc. Class A Common Stock
TLMD
$494K 0.03%
+48,649
New +$502K
APPH
211
DELISTED
AppHarvest, Inc. Common Stock
APPH
$484K 0.03%
+41,172
New +$412K
NJV
212
DELISTED
Nuveen New Jersey Municipal Value Fund Common shares of beneficial interest
NJV
$445K 0.03%
+32,258
New +$436K
VLDRW
213
DELISTED
Velodyne Lidar, Inc. Warrants
VLDRW
$442K 0.03%
+90,407
New +$442K
GIX.U
214
DELISTED
GigCapital2, Inc.
GIX.U
$423K 0.03%
38,120
-161,880
-81% -$1.82M
GXGXU
215
DELISTED
GX Acquisiton Corp. Unit
GXGXU
$398K 0.02%
35,473
-164,527
-82% -$1.82M
BFIIW
216
DELISTED
BurgerFi International, Inc. Warrant
BFIIW
$388K 0.02%
163,038
-81,639
-33% -$188K
JHY
217
DELISTED
Nuveen High Income 2020 Target Term Fund Common Shares of Beneficial Interest
JHY
$372K 0.02%
+39,384
New +$372K
DMYT.WS
218
DELISTED
dMY Technology Group, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Clas
DMYT.WS
$365K 0.02%
+121,648
New +$272K
TRNE.WS
219
DELISTED
Trine Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one share of Class A
TRNE.WS
$353K 0.02%
+134,640
New +$254K
THCBU
220
DELISTED
Tuscan Holdings Corp. Unit
THCBU
$344K 0.02%
32,225
-213,743
-87% -$2.27M
GOEVW
221
DELISTED
Canoo Inc. Warrant
GOEVW
$339K 0.02%
+146,940
New +$286K
MHI
222
DELISTED
Pioneer Municipal High Income Fund
MHI
$335K 0.02%
28,953
– –
PCF
223
High Income Securities Fund
PCF
$101M
$328K 0.02%
39,338
-94,426
-71% -$762K
JFKKW
224
DELISTED
8i Enterprises Acquisition Corp Warrant
JFKKW
$297K 0.02%
221,396
-14,100
-6% -$13K
FUSE.U
225
DELISTED
Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va
FUSE.U
$283K 0.02%
27,500
– –
7 8
9
10 11

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Rivernorth Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Rivernorth Capital Management held 425 positions worth $1.62B, down 8.2% from $1.76B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $274M in Q3 2020, closing 91 positions and reducing 86 holdings. Its most notable exit was Virtus Dividend, Interest & Premium Strategy Fund, an estimated $8.76M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 5.7% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in First Eagle Senior Loan Fund worth $4.55M.

  • Rivernorth Capital Management's largest Q3 2020 buy was First Eagle Senior Loan Fund: 367,079 shares worth $4.55M.
  • Rivernorth Capital Management added most to Western Asset High Income Fund II in Q3 2020, an estimated $16.6M increase.
  • Rivernorth Capital Management's biggest Q3 2020 reduction was Golub Capital BDC, cutting an estimated $31.3M.
  • Rivernorth Capital Management fully exited Virtus Dividend, Interest & Premium Strategy Fund in Q3 2020, selling an estimated $8.76M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.62B portfolio in Q3 2020.
  • Rivernorth Capital Management opened 161 new positions and closed 91 in Q3 2020.
  • Rivernorth Capital Management's portfolio value fell 8.2% quarter-over-quarter to $1.62B.

Based on Rivernorth Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.