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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
-3.21%
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
$1.51B
AUM Growth
+$257M
Cap. Flow
+$295M
Cap. Flow %
19.59%
Top 10 Hldgs %
21.45%
Holding
221
New
46
Increased
73
Reduced
39
Closed
21

Top Buys

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$26M
2
BDCL
2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
+$22.4M
3
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$19.1M
4
FAX
abrdn Asia-Pacific Income Fund
FAX
+$18.6M
5
CBA
ClearBridge American Energy MLP
CBA
+$18.3M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$22.2M
2
JGT
NUVEEN DIVERSIFIED CURRENCY OPPORTUNIES FUND(USA)
JGT
+$14.9M
3
SVVC
Firsthand Technology Value Fund, Inc. Common Stock
SVVC
+$7.88M
4
PFL
PIMCO Income Strategy Fund
PFL
+$4.88M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$4.88M

Sector Composition

Rank Sector Weight
1 Financials 5.47%
2 Technology 0.02%
3 Energy 0%
4 Communication Services 0%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCI
1
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$66.7M 4.42%
3,227,614
+1,194,400
+59% +$26M
BTZ icon
2
BlackRock Credit Allocation Income Trust
BTZ
$934M
$40.8M 2.71%
3,161,592
-63,686
-2% -$851K
JQC icon
3
Nuveen Credit Strategies Income Fund
JQC
$702M
$35.8M 2.38%
4,082,213
+498,845
+14% +$4.37M
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$35.4M 2.35%
172,061
-110,252
-39% -$22.2M
VWO icon
5
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$26.1M 1.73%
651,375
-31,000
-5% -$1.28M
FAX
6
abrdn Asia-Pacific Income Fund
FAX
$593M
$24.5M 1.62%
734,856
+539,661
+276% +$18.6M
SABA
7
Saba Capital Income & Opportunities Fund II
SABA
$224M
$24.3M 1.61%
1,686,380
+554,542
+49% +$8.49M
ADX icon
8
Adams Diversified Equity Fund
ADX
$3.14B
$23.9M 1.59%
1,746,371
– –
TY icon
9
TRI-Continental Corp
TY
$1.87B
$23.1M 1.53%
1,079,196
+8,214
+0.8% +$173K
OEF icon
10
iShares S&P 100 ETF
OEF
$19.9B
$22.7M 1.51%
250,000
– –
PRF icon
11
Invesco FTSE RAFI US 1000 ETF
PRF
$9.78B
$22M 1.46%
1,203,340
– –
ACAS
12
DELISTED
American Capital Ltd
ACAS
$21.9M 1.45%
1,497,810
+965,955
+182% +$14.1M
USA icon
13
Liberty All-Star Equity Fund
USA
$1.77B
$21.3M 1.42%
3,570,037
– –
BDCL
14
DELISTED
2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
$21.2M 1.41%
+990,320
New +$22.4M
HCF
15
DELISTED
NEXPOINT CREDIT STRATEGIES FUND
HCF
$21.1M 1.4%
1,876,207
+97,270
+5% +$1.09M
NPM
16
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$21.1M 1.4%
1,486,800
– –
RVT icon
17
Royce Value Trust
RVT
$2.22B
$20.5M 1.36%
1,431,949
-1,125
-0.1% -$16.6K
DSU icon
18
BlackRock Debt Strategies Fund
DSU
$590M
$20.3M 1.35%
1,819,069
+455,762
+33% +$5.13M
ACG
19
DELISTED
AllianceBernstein Income Fund Inc
ACG
$20.2M 1.34%
2,699,336
+210,230
+8% +$1.58M
GLO
20
Clough Global Opportunities Fund
GLO
$251M
$19.9M 1.32%
1,551,678
– –
VMO icon
21
Invesco Municipal Opportunity Trust
VMO
$653M
$19.8M 1.31%
1,536,131
-17,609
-1% -$223K
EDD
22
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$377M
$19.7M 1.31%
1,869,481
+415,616
+29% +$4.7M
BIT icon
23
BlackRock Multi-Sector Income Trust
BIT
$696M
$18.9M 1.26%
1,129,687
+8,055
+0.7% +$141K
CTF
24
DELISTED
Nuveen Long/Short Commodity Fd
CTF
$18.9M 1.26%
1,139,526
+216,734
+23% +$3.22M
VEA icon
25
Vanguard FTSE Developed Markets ETF
VEA
$227B
$18.3M 1.21%
482,753
-126,000
-21% -$4.88M
1
2 3 4 5

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Rivernorth Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, Rivernorth Capital Management held 221 positions worth $1.51B, up 21% from $1.25B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Rivernorth Capital Management deployed $295M of net new capital in Q4 2014, opening 46 new positions and adding to 73 existing holdings. Its largest new stake was 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev: 990,320 shares worth $21.2M.

By sector, the portfolio is most concentrated in Financials at 5.5% of assets, up from 4% a quarter earlier, followed by Technology and Energy.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $22.2M trimmed.

  • Rivernorth Capital Management's largest Q4 2014 buy was 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev: 990,320 shares worth $21.2M.
  • Rivernorth Capital Management added most to PIMCO Dynamic Credit and Mortgage Income Fund in Q4 2014, an estimated $26M increase.
  • Rivernorth Capital Management's biggest Q4 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $22.2M.
  • Rivernorth Capital Management fully exited NUVEEN DIVERSIFIED CURRENCY OPPORTUNIES FUND(USA) in Q4 2014, selling an estimated $14.9M.
  • Rivernorth Capital Management's ten largest holdings make up 21% of its $1.51B portfolio in Q4 2014.
  • Rivernorth Capital Management opened 46 new positions and closed 21 in Q4 2014.
  • Rivernorth Capital Management's portfolio value rose 21% quarter-over-quarter to $1.51B.

Based on Rivernorth Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.