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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
+3.71%
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
$1.44B
AUM Growth
-$91.6M
Cap. Flow
-$143M
Cap. Flow %
-9.9%
Top 10 Hldgs %
32.74%
Holding
179
New
28
Increased
39
Reduced
65
Closed
38

Top Buys

Rank Stock Value
1
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$63.8M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$18.3M
3
RA
Brookfield Real Assets Income Fund
RA
+$16.3M
4
ARCC icon
Ares Capital
ARCC
+$13.6M
5
EHI
Western Asset Global High Income Fund
EHI
+$13.1M

Top Sells

Rank Stock Value
1
ACAS
American Capital Ltd
ACAS
+$43.3M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$37.1M
3
EMD
Western Asset Emerging Markets
EMD
+$28.2M
4
CHY
Calamos Convertible and High Income Fund
CHY
+$17.8M
5
PPT
Franklin Premier Income Trust
PPT
+$12.9M

Sector Composition

Rank Sector Weight
1 Financials 4.03%
2 Technology 0.2%
3 Energy 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMD
1
Western Asset Emerging Markets Debt Fund
EMD
$611M
$64.7M 4.49%
+4,171,753
New +$63.8M
RA
2
Brookfield Real Assets Income Fund
RA
$708M
$60.2M 4.17%
2,640,719
+710,038
+37% +$16.3M
GLO
3
Clough Global Opportunities Fund
GLO
$249M
$57.5M 3.99%
5,585,656
-264,158
-5% -$2.58M
NEA icon
4
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$51.1M 3.55%
3,825,310
+765,880
+25% +$10.2M
EVV
5
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$44.2M 3.07%
3,194,804
-222,900
-7% -$3.12M
HIO
6
Western Asset High Income Opportunity Fund
HIO
$336M
$43.9M 3.05%
8,717,911
+3,597,896
+70% +$18.3M
BTZ icon
7
BlackRock Credit Allocation Income Trust
BTZ
$935M
$41.3M 2.87%
3,141,676
-3,685
-0.1% -$47.9K
USA icon
8
Liberty All-Star Equity Fund
USA
$1.79B
$37.8M 2.62%
6,925,510
-447,918
-6% -$2.43M
HYT icon
9
BlackRock Corporate High Yield Fund
HYT
$1.36B
$35.7M 2.48%
3,268,860
+772,624
+31% +$8.49M
JQC icon
10
Nuveen Credit Strategies Income Fund
JQC
$705M
$35.4M 2.46%
4,077,548
+458,801
+13% +$4.05M
NAD icon
11
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$28.5M 1.98%
2,084,889
+164,249
+9% +$2.26M
SABA
12
Saba Capital Income & Opportunities Fund II
SABA
$223M
$26.5M 1.84%
1,994,490
– –
BWG
13
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$25.9M 1.79%
2,023,863
-1,300
-0.1% -$16.1K
RVT icon
14
Royce Value Trust
RVT
$2.2B
$24.5M 1.7%
1,751,362
-143,751
-8% -$2M
VTA
15
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$24.3M 1.69%
1,986,250
+96,777
+5% +$1.2M
DSU icon
16
BlackRock Debt Strategies Fund
DSU
$591M
$24.1M 1.67%
2,094,358
+82,556
+4% +$950K
BOE icon
17
BlackRock Enhanced Global Dividend Trust
BOE
$673M
$23.4M 1.63%
1,889,852
+442,833
+31% +$5.41M
GHY
18
PGIM Global High Yield Fund
GHY
$476M
$23M 1.6%
1,546,458
+216,428
+16% +$3.24M
VVR icon
19
Invesco Senior Income Trust
VVR
$457M
$21.5M 1.49%
4,649,403
-496,171
-10% -$2.31M
GLQ
20
Clough Global Equity Fund
GLQ
$152M
$21.2M 1.47%
1,679,435
-24,645
-1% -$293K
ERC
21
Allspring Multi-Sector Income Fund
ERC
$254M
$19.8M 1.37%
1,482,352
+30,801
+2% +$405K
TY icon
22
TRI-Continental Corp
TY
$1.86B
$18.3M 1.27%
793,366
-28,647
-3% -$655K
VWO icon
23
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$17.9M 1.24%
450,975
+15,500
+4% +$598K
EHI
24
Western Asset Global High Income Fund
EHI
$175M
$17.9M 1.24%
1,772,505
+1,306,709
+281% +$13.1M
ADX icon
25
Adams Diversified Equity Fund
ADX
$3.13B
$17.8M 1.24%
1,294,915
-159,800
-11% -$2.14M
1
2 3 4 5

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Rivernorth Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Rivernorth Capital Management held 179 positions worth $1.44B, down 6% from $1.53B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Rivernorth Capital Management withdrew a net $143M in Q1 2017, closing 38 positions and reducing 65 holdings. Its most notable exit was American Capital Ltd, an estimated $43.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4% of assets, down from 5% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in Western Asset Emerging Markets Debt Fund worth $64.7M.

  • Rivernorth Capital Management's largest Q1 2017 buy was Western Asset Emerging Markets Debt Fund: 4,171,753 shares worth $64.7M.
  • Rivernorth Capital Management added most to Western Asset High Income Opportunity Fund in Q1 2017, an estimated $18.3M increase.
  • Rivernorth Capital Management's biggest Q1 2017 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $37.1M.
  • Rivernorth Capital Management fully exited American Capital Ltd in Q1 2017, selling an estimated $43.3M.
  • Rivernorth Capital Management's ten largest holdings make up 33% of its $1.44B portfolio in Q1 2017.
  • Rivernorth Capital Management opened 28 new positions and closed 38 in Q1 2017.
  • Rivernorth Capital Management's portfolio value fell 6% quarter-over-quarter to $1.44B.

Based on Rivernorth Capital Management's 13F filing for Q1 2017, filed 15 May 2017.