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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%
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
$1.63B
AUM Growth
-$131M
Cap. Flow
-$145M
Cap. Flow %
-8.9%
Top 10 Hldgs %
28.18%
Holding
206
New
8
Increased
71
Reduced
52
Closed
35

Top Buys

Rank Stock Value
1
VVR icon
Invesco Senior Income Trust
VVR
+$13M
2
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$9.09M
3
GLO
Clough Global Opportunities Fund
GLO
+$5.11M
4
AVK
Advent Convertible and Income Fund
AVK
+$4.89M
5
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$4.12M

Top Sells

Rank Stock Value
1
OCSL icon
Oaktree Specialty Lending
OCSL
+$51.2M
2
FAX
abrdn Asia-Pacific Income Fund
FAX
+$19.4M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$14.1M
4
NID
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
+$11.2M
5
HCF
NEXPOINT CREDIT STRATEGIES FUND
HCF
+$9.76M

Sector Composition

Rank Sector Weight
1 Financials 5.77%
2 Real Estate 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCI
1
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$113M 6.97%
6,492,177
-323,830
-5% -$5.6M
ACAS
2
DELISTED
American Capital Ltd
ACAS
$73.9M 4.55%
4,847,540
-497,305
-9% -$6.93M
GLO
3
Clough Global Opportunities Fund
GLO
$249M
$44.1M 2.72%
4,608,538
+546,902
+13% +$5.11M
BTZ icon
4
BlackRock Credit Allocation Income Trust
BTZ
$935M
$38.3M 2.36%
3,059,562
-14,500
-0.5% -$175K
ACG
5
DELISTED
AllianceBernstein Income Fund Inc
ACG
$37.8M 2.33%
4,818,749
+79,507
+2% +$613K
JQC icon
6
Nuveen Credit Strategies Income Fund
JQC
$705M
$33.8M 2.08%
4,274,815
– –
USA icon
7
Liberty All-Star Equity Fund
USA
$1.79B
$30.5M 1.88%
6,133,016
+276,701
+5% +$1.31M
EVV
8
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$29.2M 1.8%
2,217,736
+182,705
+9% +$2.28M
HYT icon
9
BlackRock Corporate High Yield Fund
HYT
$1.36B
$28.8M 1.77%
2,887,562
-27,879
-1% -$270K
STEW
10
SRH Total Return Fund
STEW
$1.79B
$28.2M 1.74%
3,596,532
-276,957
-7% -$2M
SPY icon
11
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$26.8M 1.65%
130,259
– –
VWO icon
12
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$26M 1.6%
751,375
– –
TY icon
13
TRI-Continental Corp
TY
$1.86B
$24.9M 1.53%
1,247,728
+87,820
+8% +$1.66M
RVT icon
14
Royce Value Trust
RVT
$2.2B
$24.6M 1.52%
2,103,536
+317,802
+18% +$3.42M
ADX icon
15
Adams Diversified Equity Fund
ADX
$3.13B
$24.2M 1.49%
1,916,018
+164,577
+9% +$1.98M
SABA
16
Saba Capital Income & Opportunities Fund II
SABA
$223M
$23.5M 1.45%
1,802,176
-195,436
-10% -$2.42M
VVR icon
17
Invesco Senior Income Trust
VVR
$457M
$23.1M 1.42%
5,727,441
+3,362,225
+142% +$13M
PRF icon
18
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
$21.2M 1.31%
1,203,340
– –
BIT icon
19
BlackRock Multi-Sector Income Trust
BIT
$698M
$21.2M 1.3%
1,338,826
+6,800
+0.5% +$105K
DSU icon
20
BlackRock Debt Strategies Fund
DSU
$591M
$20.8M 1.28%
1,995,899
– –
CHI
21
Calamos Convertible Opportunities and Income Fund
CHI
$1.01B
$20.4M 1.26%
2,151,112
+458,862
+27% +$4.12M
BGB
22
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$20.1M 1.24%
1,477,171
– –
FAX
23
DELISTED
abrdn Asia-Pacific Income Fund
FAX
$18.6M 1.15%
620,986
-698,010
-53% -$19.4M
AWF
24
AllianceBernstein Global High Income Fund
AWF
$872M
$18.1M 1.11%
1,550,891
-159,765
-9% -$1.76M
GLQ
25
Clough Global Equity Fund
GLQ
$152M
$17.8M 1.1%
1,638,071
+53,832
+3% +$583K
1
2 3 4 5

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Rivernorth Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Rivernorth Capital Management held 206 positions worth $1.63B, down 7.5% from $1.76B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $145M in Q1 2016, closing 35 positions and reducing 52 holdings. Its most notable exit was Oaktree Specialty Lending, an estimated $51.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 5.8% of assets, down from 8.6% a quarter earlier, followed by Real Estate.

Against the trend, Rivernorth Capital Management opened a new position in NexPoint Diversified Real Estate Trust worth $9.03M.

  • Rivernorth Capital Management's largest Q1 2016 buy was NexPoint Diversified Real Estate Trust: 500,097 shares worth $9.03M.
  • Rivernorth Capital Management added most to Invesco Senior Income Trust in Q1 2016, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2016 reduction was abrdn Asia-Pacific Income Fund, cutting an estimated $19.4M.
  • Rivernorth Capital Management fully exited Oaktree Specialty Lending in Q1 2016, selling an estimated $51.2M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $1.63B portfolio in Q1 2016.
  • Rivernorth Capital Management opened 8 new positions and closed 35 in Q1 2016.
  • Rivernorth Capital Management's portfolio value fell 7.5% quarter-over-quarter to $1.63B.

Based on Rivernorth Capital Management's 13F filing for Q1 2016, filed 16 May 2016.