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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
-1.67%
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
$1.53B
AUM Growth
+$156M
Cap. Flow
+$159M
Cap. Flow %
10.35%
Top 10 Hldgs %
27.12%
Holding
179
New
40
Increased
50
Reduced
52
Closed
28

Top Buys

Rank Stock Value
1
RA
Brookfield Real Assets Income Fund
RA
+$42.3M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$41.1M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$26.7M
4
CHY
Calamos Convertible and High Income Fund
CHY
+$18.6M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$16.5M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$23.9M
2
ACAS
American Capital Ltd
ACAS
+$18.6M
3
STEW
SRH Total Return Fund
STEW
+$14.6M
4
BOI
Brookfield Mtge Opportunity Fd
BOI
+$13.4M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$9.8M

Sector Composition

Rank Sector Weight
1 Financials 5.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GLO
1
Clough Global Opportunities Fund
GLO
$249M
$52.4M 3.42%
5,849,814
+847,676
+17% +$7.67M
PCI
2
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$50.2M 3.28%
2,483,324
+772,099
+45% +$15.5M
EVV
3
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$46.9M 3.06%
3,417,704
+1,165,732
+52% +$15.6M
ACAS
4
DELISTED
American Capital Ltd
ACAS
$43.3M 2.82%
2,415,410
-1,079,342
-31% -$18.6M
RA
5
Brookfield Real Assets Income Fund
RA
$708M
$43.1M 2.81%
+1,930,681
New +$42.3M
NEA icon
6
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$40.8M 2.66%
3,059,430
+3,042,856
+18,359% +$41.1M
BTZ icon
7
BlackRock Credit Allocation Income Trust
BTZ
$935M
$40.8M 2.66%
3,145,361
+216,948
+7% +$2.75M
USA icon
8
Liberty All-Star Equity Fund
USA
$1.79B
$38M 2.48%
7,373,428
-223,717
-3% -$1.14M
JQC icon
9
Nuveen Credit Strategies Income Fund
JQC
$705M
$32M 2.09%
3,618,747
-355,539
-9% -$3.03M
EMD
10
DELISTED
Western Asset Emerging Markets
EMD
$28.2M 1.84%
1,919,200
+463,316
+32% +$5.05M
HYT icon
11
BlackRock Corporate High Yield Fund
HYT
$1.36B
$27M 1.76%
2,496,236
+1,024,630
+70% +$10.8M
NAD icon
12
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$26.8M 1.75%
+1,920,640
New +$26.7M
SABA
13
Saba Capital Income & Opportunities Fund II
SABA
$223M
$25.8M 1.69%
1,994,490
+7,500
+0.4% +$94.5K
HIO
14
Western Asset High Income Opportunity Fund
HIO
$336M
$25.5M 1.67%
5,120,015
+994,102
+24% +$4.91M
RVT icon
15
Royce Value Trust
RVT
$2.2B
$25.4M 1.66%
1,895,113
-653,229
-26% -$8.39M
BWG
16
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$24M 1.56%
2,025,163
+848,533
+72% +$10.4M
VVR icon
17
Invesco Senior Income Trust
VVR
$457M
$23.9M 1.56%
5,145,574
-384,768
-7% -$1.71M
VTA
18
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$23.2M 1.52%
1,889,473
+99,142
+6% +$1.17M
DSU icon
19
BlackRock Debt Strategies Fund
DSU
$591M
$22.8M 1.49%
2,011,802
-177,758
-8% -$1.94M
BIT icon
20
BlackRock Multi-Sector Income Trust
BIT
$698M
$22.5M 1.47%
1,363,766
+123,695
+10% +$2.04M
GHY
21
PGIM Global High Yield Fund
GHY
$476M
$19.8M 1.29%
1,330,030
+279,808
+27% +$4.13M
FSD
22
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$19.3M 1.26%
1,197,943
+177,375
+17% +$2.76M
GLQ
23
Clough Global Equity Fund
GLQ
$152M
$19M 1.24%
1,704,080
-332,639
-16% -$3.61M
ERC
24
Allspring Multi-Sector Income Fund
ERC
$254M
$18.6M 1.21%
1,451,551
+47,112
+3% +$594K
CHY
25
Calamos Convertible and High Income Fund
CHY
$1.01B
$18.6M 1.21%
+1,760,350
New +$18.6M
1
2 3 4 5

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Rivernorth Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Rivernorth Capital Management held 179 positions worth $1.53B, up 11% from $1.38B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management deployed $159M of net new capital in Q4 2016, opening 40 new positions and adding to 50 existing holdings. Its largest new stake was Brookfield Real Assets Income Fund: 1,930,681 shares worth $43.1M.

By sector, the portfolio is most concentrated in Financials at 5% of assets, up from 3.5% a quarter earlier.

On the sell side, the largest reduction was American Capital Ltd, an estimated $18.6M trimmed.

  • Rivernorth Capital Management's largest Q4 2016 buy was Brookfield Real Assets Income Fund: 1,930,681 shares worth $43.1M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2016, an estimated $41.1M increase.
  • Rivernorth Capital Management's biggest Q4 2016 reduction was American Capital Ltd, cutting an estimated $18.6M.
  • Rivernorth Capital Management fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $23.9M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.53B portfolio in Q4 2016.
  • Rivernorth Capital Management opened 40 new positions and closed 28 in Q4 2016.
  • Rivernorth Capital Management's portfolio value rose 11% quarter-over-quarter to $1.53B.

Based on Rivernorth Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.