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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
+1.84%
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
$1.23B
AUM Growth
-$74.8M
Cap. Flow
-$102M
Cap. Flow %
-8.3%
Top 10 Hldgs %
24.35%
Holding
232
New
15
Increased
72
Reduced
78
Closed
42

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$40.1M
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.81M
3
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$7.43M
4
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$6.98M
5
ELD icon
WisdomTree Emerging Markets Local Debt Fund
ELD
+$5.42M

Top Sells

Rank Stock Value
1
ACG
AllianceBernstein Income Fund Inc
ACG
+$22.9M
2
PTY icon
PIMCO Corporate & Income Opportunity Fund
PTY
+$21.9M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$20.3M
4
ETY icon
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
+$16.4M
5
ETJ
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
+$13M

Sector Composition

Rank Sector Weight
1 Financials 3.79%
2 Materials 0.04%
3 Technology 0.04%
4 Healthcare 0.04%
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
$57.9M 4.71%
2,561,905
+328,436
+15% +$7.43M
BTZ icon
2
BlackRock Credit Allocation Income Trust
BTZ
$935M
$43.6M 3.55%
3,221,578
-5,000
-0.2% -$66.1K
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$41.7M 3.39%
222,835
+218,645
+5,218% +$40.1M
JQC icon
4
Nuveen Credit Strategies Income Fund
JQC
$705M
$25.3M 2.06%
2,662,855
+817,720
+44% +$7.81M
RVT icon
5
Royce Value Trust
RVT
$2.2B
$23.9M 1.95%
1,521,881
-68,870
-4% -$1.08M
ADX icon
6
Adams Diversified Equity Fund
ADX
$3.13B
$22.7M 1.85%
1,746,371
– –
TY icon
7
TRI-Continental Corp
TY
$1.86B
$21.5M 1.75%
1,070,982
– –
FAX
8
DELISTED
abrdn Asia-Pacific Income Fund
FAX
$21.4M 1.74%
582,735
-85,984
-13% -$3.07M
OEF icon
9
iShares S&P 100 ETF
OEF
$20.1B
$20.7M 1.69%
250,000
+6,558
+3% +$533K
VMO icon
10
Invesco Municipal Opportunity Trust
VMO
$651M
$20.5M 1.67%
1,682,343
-38,079
-2% -$461K
BIT icon
11
BlackRock Multi-Sector Income Trust
BIT
$698M
$20.5M 1.67%
1,152,540
+72,576
+7% +$1.27M
PRF icon
12
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
$20.4M 1.66%
1,203,340
+108,000
+10% +$1.78M
VWO icon
13
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$20.3M 1.66%
501,375
+180,000
+56% +$6.98M
USA icon
14
Liberty All-Star Equity Fund
USA
$1.79B
$20.3M 1.65%
3,451,297
-178,253
-5% -$1.04M
NPM
15
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$20M 1.62%
1,490,544
-13,700
-0.9% -$182K
HCF
16
DELISTED
NEXPOINT CREDIT STRATEGIES FUND
HCF
$19.9M 1.62%
1,796,854
-118,688
-6% -$1.31M
GLO
17
Clough Global Opportunities Fund
GLO
$249M
$19.2M 1.57%
1,509,739
+15,600
+1% +$201K
BOE icon
18
BlackRock Enhanced Global Dividend Trust
BOE
$673M
$19.2M 1.56%
1,313,572
+42,100
+3% +$622K
DSU icon
19
BlackRock Debt Strategies Fund
DSU
$591M
$18.3M 1.49%
1,484,376
+235,229
+19% +$2.86M
PDI icon
20
PIMCO Dynamic Income Fund
PDI
$7.39B
$17.3M 1.41%
569,909
-669,462
-54% -$20.3M
NID
21
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
$16.8M 1.37%
1,407,281
– –
NMA
22
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
$16.3M 1.33%
1,257,870
+95,855
+8% +$1.23M
AOD
23
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$16.1M 1.31%
1,914,603
+10,299
+0.5% +$85.7K
JGT
24
DELISTED
NUVEEN DIVERSIFIED CURRENCY OPPORTUNIES FUND(USA)
JGT
$14.9M 1.21%
1,417,093
– –
PFN
25
PIMCO Income Strategy Fund II
PFN
$698M
$14.7M 1.2%
1,413,590
+173,169
+14% +$1.79M
1
2 3 4 5

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Rivernorth Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Rivernorth Capital Management held 232 positions worth $1.23B, down 5.7% from $1.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $102M in Q1 2014, closing 42 positions and reducing 78 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $22.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.8% of assets, down from 4.3% a quarter earlier, followed by Materials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in WisdomTree Emerging Markets Local Debt Fund worth $5.53M.

  • Rivernorth Capital Management's largest Q1 2014 buy was WisdomTree Emerging Markets Local Debt Fund: 120,635 shares worth $5.53M.
  • Rivernorth Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2014, an estimated $40.1M increase.
  • Rivernorth Capital Management's biggest Q1 2014 reduction was PIMCO Corporate & Income Opportunity Fund, cutting an estimated $21.9M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q1 2014, selling an estimated $22.9M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.23B portfolio in Q1 2014.
  • Rivernorth Capital Management opened 15 new positions and closed 42 in Q1 2014.
  • Rivernorth Capital Management's portfolio value fell 5.7% quarter-over-quarter to $1.23B.

Based on Rivernorth Capital Management's 13F filing for Q1 2014, filed 15 May 2014.