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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
+3.4%
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
$1.55B
AUM Growth
-$79.6M
Cap. Flow
-$130M
Cap. Flow %
-8.41%
Top 10 Hldgs %
28.65%
Holding
179
New
8
Increased
63
Reduced
56
Closed
30

Top Buys

Rank Stock Value
1
ZF
Virtus Total Return Fund Inc.
ZF
+$7.22M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$6.69M
3
AVK
Advent Convertible and Income Fund
AVK
+$4.94M
4
EMD
Western Asset Emerging Markets
EMD
+$4.87M
5
RVT icon
Royce Value Trust
RVT
+$4.75M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$20.3M
2
ACAS
American Capital Ltd
ACAS
+$19.5M
3
PCEF icon
Invesco CEF Income Composite ETF
PCEF
+$14.9M
4
AWF
AllianceBernstein Global High Income Fund
AWF
+$10.5M
5
NMA
NUVEEN MUNI ADVANTAGE FUND
NMA
+$9.22M

Sector Composition

Rank Sector Weight
1 Financials 4.63%
2 Real Estate 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
$103M 6.67%
5,386,080
-1,106,097
-17% -$20.3M
ACAS
2
DELISTED
American Capital Ltd
ACAS
$57.2M 3.7%
3,613,161
-1,234,379
-25% -$19.5M
GLO
3
Clough Global Opportunities Fund
GLO
$249M
$44.6M 2.89%
4,781,018
+172,480
+4% +$1.62M
BTZ icon
4
BlackRock Credit Allocation Income Trust
BTZ
$935M
$41M 2.66%
3,152,162
+92,600
+3% +$1.18M
ACG
5
DELISTED
AllianceBernstein Income Fund Inc
ACG
$39.4M 2.55%
4,849,714
+30,965
+0.6% +$245K
JQC icon
6
Nuveen Credit Strategies Income Fund
JQC
$705M
$33.9M 2.2%
4,201,465
-73,350
-2% -$585K
USA icon
7
Liberty All-Star Equity Fund
USA
$1.79B
$32.7M 2.12%
6,520,662
+387,646
+6% +$1.94M
EVV
8
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$31M 2%
2,304,941
+87,205
+4% +$1.15M
SPY icon
9
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$30.4M 1.97%
145,259
+15,000
+12% +$3.11M
RVT icon
10
Royce Value Trust
RVT
$2.2B
$29.5M 1.91%
2,506,105
+402,569
+19% +$4.75M
HYT icon
11
BlackRock Corporate High Yield Fund
HYT
$1.36B
$28.3M 1.83%
2,714,645
-172,917
-6% -$1.77M
STEW
12
SRH Total Return Fund
STEW
$1.79B
$26.9M 1.74%
3,309,134
-287,398
-8% -$2.29M
VWO icon
13
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$26.5M 1.71%
751,375
– –
VVR icon
14
Invesco Senior Income Trust
VVR
$457M
$25.1M 1.62%
6,004,146
+276,705
+5% +$1.13M
SABA
15
Saba Capital Income & Opportunities Fund II
SABA
$223M
$22.8M 1.48%
1,795,460
-6,716
-0.4% -$86.5K
DSU icon
16
BlackRock Debt Strategies Fund
DSU
$591M
$22.8M 1.48%
2,153,382
+157,483
+8% +$1.66M
TY icon
17
TRI-Continental Corp
TY
$1.86B
$22.4M 1.45%
1,090,903
-156,825
-13% -$3.17M
ADX icon
18
Adams Diversified Equity Fund
ADX
$3.13B
$22M 1.43%
1,739,841
-176,177
-9% -$2.23M
PRF icon
19
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
$21.8M 1.41%
1,203,340
– –
BGB
20
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$21.4M 1.38%
1,483,978
+6,807
+0.5% +$96K
GLQ
21
Clough Global Equity Fund
GLQ
$152M
$21.3M 1.38%
1,990,827
+352,756
+22% +$3.79M
VTA
22
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$21.3M 1.38%
1,931,945
+394,465
+26% +$4.29M
CHI
23
Calamos Convertible Opportunities and Income Fund
CHI
$1.01B
$20.7M 1.34%
2,108,502
-42,610
-2% -$410K
BIT icon
24
BlackRock Multi-Sector Income Trust
BIT
$698M
$20M 1.29%
1,208,325
-130,501
-10% -$2.12M
ERC
25
Allspring Multi-Sector Income Fund
ERC
$254M
$18.1M 1.17%
1,428,840
+174,689
+14% +$2.16M
1
2 3 4 5

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Rivernorth Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Rivernorth Capital Management held 179 positions worth $1.55B, down 4.9% from $1.63B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $130M in Q2 2016, closing 30 positions and reducing 56 holdings. Its most notable exit was Invesco CEF Income Composite ETF, an estimated $14.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.6% of assets, down from 5.8% a quarter earlier, followed by Real Estate.

Against the trend, Rivernorth Capital Management opened a new position in Pacholder High Yield worth $2.91M.

  • Rivernorth Capital Management's largest Q2 2016 buy was Pacholder High Yield: 411,366 shares worth $2.91M.
  • Rivernorth Capital Management added most to Virtus Total Return Fund Inc. in Q2 2016, an estimated $7.22M increase.
  • Rivernorth Capital Management's biggest Q2 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $20.3M.
  • Rivernorth Capital Management fully exited Invesco CEF Income Composite ETF in Q2 2016, selling an estimated $14.9M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $1.55B portfolio in Q2 2016.
  • Rivernorth Capital Management opened 8 new positions and closed 30 in Q2 2016.
  • Rivernorth Capital Management's portfolio value fell 4.9% quarter-over-quarter to $1.55B.

Based on Rivernorth Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.