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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.66%
This Fund
S&P 500
This Quarter Est. Return
+0.99%
1 Year Est. Return
-0.66%
3 Year Est. Return
+4.95%
5 Year Est. Return
-8.55%
10 Year Est. Return
+11.89%
AUM
$1.3B
AUM Growth
+$353M
Cap. Flow
+$331M
Cap. Flow %
25.4%
Top 10 Hldgs %
22.27%
Holding
261
New
73
Increased
81
Reduced
45
Closed
44

Top Buys

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$23.8M
2
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.4M
3
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$17.3M
4
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$14.2M
5
DSU icon
BlackRock Debt Strategies Fund
DSU
+$12.6M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$19.5M
2
OEF icon
iShares S&P 100 ETF
OEF
+$10.4M
3
PRF icon
Invesco FTSE RAFI US 1000 ETF
PRF
+$9.35M
4
ETW
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
+$7.2M
5
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$5.02M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Technology 0.1%
3 Materials 0.04%
4 Communication Services 0.03%
5 Energy 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCI
1
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$50.2M 3.85%
2,233,469
+1,074,201
+93% +$23.8M
BTZ icon
2
BlackRock Credit Allocation Income Trust
BTZ
$935M
$42.1M 3.23%
3,226,578
+22,265
+0.7% +$285K
PDI icon
3
PIMCO Dynamic Income Fund
PDI
$7.39B
$36.1M 2.77%
1,239,371
+39,781
+3% +$1.16M
RVT icon
4
Royce Value Trust
RVT
$2.2B
$25.5M 1.95%
1,590,751
-240,003
-13% -$3.67M
PTY icon
5
PIMCO Corporate & Income Opportunity Fund
PTY
$2.48B
$24.4M 1.87%
1,413,585
+604,217
+75% +$10.8M
FAX
6
DELISTED
abrdn Asia-Pacific Income Fund
FAX
$23.1M 1.77%
668,719
+211,362
+46% +$7.75M
ACG
7
DELISTED
AllianceBernstein Income Fund Inc
ACG
$22.9M 1.76%
3,210,121
-201,700
-6% -$1.42M
ADX icon
8
Adams Diversified Equity Fund
ADX
$3.13B
$22.8M 1.75%
1,746,371
-60,200
-3% -$767K
USA icon
9
Liberty All-Star Equity Fund
USA
$1.79B
$21.7M 1.66%
3,629,550
-103,241
-3% -$589K
TY icon
10
TRI-Continental Corp
TY
$1.86B
$21.4M 1.64%
1,070,982
+500
+0% +$9.59K
ETJ
11
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$567M
$20.3M 1.56%
1,800,454
-266,338
-13% -$2.97M
VMO icon
12
Invesco Municipal Opportunity Trust
VMO
$651M
$20.1M 1.55%
1,720,422
+1,689,952
+5,546% +$19.4M
OEF icon
13
iShares S&P 100 ETF
OEF
$20.1B
$20M 1.54%
243,442
-131,500
-35% -$10.4M
GLO
14
Clough Global Opportunities Fund
GLO
$249M
$19.5M 1.5%
1,494,139
+8,094
+0.5% +$103K
SPY icon
15
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$19.2M 1.48%
+104,190
New +$18.4M
BOE icon
16
BlackRock Enhanced Global Dividend Trust
BOE
$673M
$19M 1.46%
1,271,472
+151,217
+13% +$2.19M
NPM
17
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$18.9M 1.45%
1,504,244
+521,083
+53% +$6.55M
BIT icon
18
BlackRock Multi-Sector Income Trust
BIT
$698M
$18.5M 1.42%
1,079,964
+291,207
+37% +$4.88M
PRF icon
19
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
$18.2M 1.39%
1,095,340
-587,500
-35% -$9.35M
HCF
20
DELISTED
NEXPOINT CREDIT STRATEGIES FUND
HCF
$18M 1.38%
1,915,542
+201,132
+12% +$1.89M
EDD
21
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$376M
$18M 1.38%
1,383,788
+256,320
+23% +$3.53M
JQC icon
22
Nuveen Credit Strategies Income Fund
JQC
$705M
$18M 1.38%
+1,845,135
New +$17.3M
ETY icon
23
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.29B
$16.4M 1.26%
1,499,448
-355,731
-19% -$3.79M
NID
24
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
$16.2M 1.24%
1,407,281
+604,254
+75% +$6.8M
AOD
25
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$16M 1.22%
1,904,304
+177,562
+10% +$1.46M
1
2 3 4 5

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Rivernorth Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Rivernorth Capital Management held 261 positions worth $1.3B, up 37% from $950M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management deployed $331M of net new capital in Q4 2013, opening 73 new positions and adding to 81 existing holdings. Its largest new stake was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 4% a quarter earlier, followed by Technology and Materials.

On the sell side, the largest reduction was iShares S&P 100 ETF, an estimated $10.4M trimmed.

  • Rivernorth Capital Management's largest Q4 2013 buy was Nuveen Credit Strategies Income Fund: 1,845,135 shares worth $18M.
  • Rivernorth Capital Management added most to PIMCO Dynamic Credit and Mortgage Income Fund in Q4 2013, an estimated $23.8M increase.
  • Rivernorth Capital Management's biggest Q4 2013 reduction was iShares S&P 100 ETF, cutting an estimated $10.4M.
  • Rivernorth Capital Management fully exited Vanguard S&P 500 ETF in Q4 2013, selling an estimated $19.5M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $1.3B portfolio in Q4 2013.
  • Rivernorth Capital Management opened 73 new positions and closed 44 in Q4 2013.
  • Rivernorth Capital Management's portfolio value rose 37% quarter-over-quarter to $1.3B.

Based on Rivernorth Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.