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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
+4.37%
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
$1.38B
AUM Growth
-$169M
Cap. Flow
-$230M
Cap. Flow %
-16.68%
Top 10 Hldgs %
26.9%
Holding
161
New
12
Increased
41
Reduced
71
Closed
22

Top Buys

Rank Stock Value
1
PPT
Franklin Premier Income Trust
PPT
+$7.88M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$7.58M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.54M
4
SPE.PRB
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
+$5.33M
5
JGV
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
+$4.58M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$73.2M
2
ACG
AllianceBernstein Income Fund Inc
ACG
+$39.4M
3
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$20.9M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.4M
5
OCSI
Oaktree Strategic Income Corporation
OCSI
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 3.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACAS
1
DELISTED
American Capital Ltd
ACAS
$59.1M 4.29%
3,494,752
-118,409
-3% -$1.96M
GLO
2
Clough Global Opportunities Fund
GLO
$250M
$48.4M 3.51%
5,002,138
+221,120
+5% +$2.13M
USA icon
3
Liberty All-Star Equity Fund
USA
$1.79B
$39.4M 2.86%
7,597,145
+1,076,483
+17% +$5.54M
BTZ icon
4
BlackRock Credit Allocation Income Trust
BTZ
$930M
$39.1M 2.84%
2,928,413
-223,749
-7% -$2.98M
PCI
5
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$34.9M 2.53%
1,711,225
-3,674,855
-68% -$73.2M
JQC icon
6
Nuveen Credit Strategies Income Fund
JQC
$704M
$33.7M 2.45%
3,974,286
-227,179
-5% -$1.9M
RVT icon
7
Royce Value Trust
RVT
$2.21B
$32.3M 2.34%
2,548,342
+42,237
+2% +$530K
EVV
8
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$30.9M 2.24%
2,251,972
-52,969
-2% -$723K
STEW
9
SRH Total Return Fund
STEW
$1.79B
$26.7M 1.94%
3,181,815
-127,319
-4% -$1.07M
VWO icon
10
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$26M 1.89%
690,375
-61,000
-8% -$2.27M
SABA
11
Saba Capital Income & Opportunities Fund II
SABA
$220M
$24.8M 1.8%
1,986,990
+191,530
+11% +$2.45M
DSU icon
12
BlackRock Debt Strategies Fund
DSU
$593M
$24M 1.74%
2,189,560
+36,178
+2% +$395K
VVR icon
13
Invesco Senior Income Trust
VVR
$457M
$23.9M 1.74%
5,530,342
-473,804
-8% -$2.04M
SPY icon
14
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$23.9M 1.74%
110,659
-34,600
-24% -$7.48M
TY icon
15
TRI-Continental Corp
TY
$1.86B
$23.2M 1.68%
1,084,537
-6,366
-0.6% -$135K
GLQ
16
Clough Global Equity Fund
GLQ
$152M
$23.2M 1.68%
2,036,719
+45,892
+2% +$516K
ADX icon
17
Adams Diversified Equity Fund
ADX
$3.13B
$22.9M 1.66%
1,739,841
– –
PRF icon
18
Invesco FTSE RAFI US 1000 ETF
PRF
$9.79B
$22.5M 1.64%
1,203,340
– –
BIT icon
19
BlackRock Multi-Sector Income Trust
BIT
$698M
$21.2M 1.54%
1,240,071
+31,746
+3% +$540K
VTA
20
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$21.1M 1.53%
1,790,331
-141,614
-7% -$1.62M
HIO
21
Western Asset High Income Opportunity Fund
HIO
$336M
$20.8M 1.51%
4,125,913
+1,511,342
+58% +$7.58M
BGB
22
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$20.5M 1.49%
1,374,529
-109,449
-7% -$1.62M
ERC
23
Allspring Multi-Sector Income Fund
ERC
$256M
$18.2M 1.32%
1,404,439
-24,401
-2% -$315K
VEA icon
24
Vanguard FTSE Developed Markets ETF
VEA
$229B
$18.1M 1.31%
482,753
– –
AOD
25
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$17.4M 1.27%
2,286,797
-119,463
-5% -$911K
1
2 3 4 5

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Rivernorth Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Rivernorth Capital Management held 161 positions worth $1.38B, down 11% from $1.55B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $230M in Q3 2016, closing 22 positions and reducing 71 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $39.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.5% of assets, down from 4.6% a quarter earlier.

Against the trend, Rivernorth Capital Management opened a new position in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B worth $5.36M.

  • Rivernorth Capital Management's largest Q3 2016 buy was Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B: 207,430 shares worth $5.36M.
  • Rivernorth Capital Management added most to Franklin Premier Income Trust in Q3 2016, an estimated $7.88M increase.
  • Rivernorth Capital Management's biggest Q3 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $73.2M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q3 2016, selling an estimated $39.4M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.38B portfolio in Q3 2016.
  • Rivernorth Capital Management opened 12 new positions and closed 22 in Q3 2016.
  • Rivernorth Capital Management's portfolio value fell 11% quarter-over-quarter to $1.38B.

Based on Rivernorth Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.