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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
-2.98%
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
$1.35B
AUM Growth
-$92.5M
Cap. Flow
-$51.2M
Cap. Flow %
-3.81%
Top 10 Hldgs %
30.02%
Holding
201
New
31
Increased
45
Reduced
55
Closed
20

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$15.2M
2
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$13M
3
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$9.27M
4
DDF
Delaware Investments Dividend & Income Fund, Inc.
DDF
+$7.68M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$6.3M

Top Sells

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$27M
2
USA icon
Liberty All-Star Equity Fund
USA
+$22M
3
PHK
PIMCO High Income Fund
PHK
+$17.7M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$15.8M
5
CCT
Corporate Capital Trust, Inc.
CCT
+$15.7M

Sector Composition

Rank Sector Weight
1 Financials 2.5%
2 Technology 0.89%
3 Energy 0.4%
4 Industrials 0.34%
5 Consumer Discretionary 0.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMD
1
Western Asset Emerging Markets Debt Fund
EMD
$609M
$56.6M 4.2%
3,892,264
-216,405
-5% -$3.27M
NEA icon
2
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$46.6M 3.47%
3,587,173
+142,677
+4% +$1.88M
EVV
3
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$43.9M 3.26%
3,368,912
-50,897
-1% -$674K
HIO
4
Western Asset High Income Opportunity Fund
HIO
$336M
$43.4M 3.23%
9,023,372
+150,699
+2% +$744K
USA icon
5
Liberty All-Star Equity Fund
USA
$1.79B
$38.5M 2.86%
6,273,997
-3,467,425
-36% -$22M
BTZ icon
6
BlackRock Credit Allocation Income Trust
BTZ
$930M
$37.4M 2.78%
2,954,815
+131,138
+5% +$1.68M
HYT icon
7
BlackRock Corporate High Yield Fund
HYT
$1.36B
$37.1M 2.76%
3,507,621
+271,549
+8% +$2.92M
AOD
8
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$36.9M 2.74%
4,128,193
+1,376,934
+50% +$13M
JQC icon
9
Nuveen Credit Strategies Income Fund
JQC
$704M
$34.6M 2.57%
4,360,713
-5,357
-0.1% -$43.3K
GLO
10
Clough Global Opportunities Fund
GLO
$250M
$28.8M 2.14%
2,690,950
+74,258
+3% +$824K
NAD icon
11
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$28.2M 2.09%
2,144,819
+180,893
+9% +$2.42M
SABA
12
Saba Capital Income & Opportunities Fund II
SABA
$220M
$27.8M 2.07%
2,173,908
+146,723
+7% +$1.88M
BWG
13
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$27.6M 2.05%
2,139,638
+14,287
+0.7% +$185K
VVR icon
14
Invesco Senior Income Trust
VVR
$457M
$26.8M 1.99%
6,091,346
-110,661
-2% -$489K
TEI
15
Templeton Emerging Markets Income Fund
TEI
$314M
$25.9M 1.92%
2,289,252
+210,751
+10% +$2.46M
HFRO
16
Highland Opportunities and Income Fund
HFRO
$417M
$25.4M 1.89%
1,591,553
+319,966
+25% +$5.05M
GHY
17
PGIM Global High Yield Fund
GHY
$478M
$25.4M 1.89%
1,830,148
+22,301
+1% +$316K
BRW
18
Saba Capital Income & Opportunities Fund
BRW
$336M
$23.9M 1.78%
2,297,042
-51,507
-2% -$529K
WIW
19
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$22.2M 1.65%
1,958,859
-139,234
-7% -$1.6M
EHI
20
Western Asset Global High Income Fund
EHI
$175M
$21.2M 1.57%
2,248,627
-31,775
-1% -$311K
RA
21
Brookfield Real Assets Income Fund
RA
$708M
$20.9M 1.55%
958,541
+102,176
+12% +$2.31M
VTA
22
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$20.2M 1.5%
1,725,921
-168,218
-9% -$1.97M
NXDT
23
NexPoint Diversified Real Estate Trust
NXDT
$234M
$17.7M 1.31%
769,204
-111,657
-13% -$2.71M
KYN icon
24
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
$17.4M 1.29%
1,056,569
+507,084
+92% +$9.27M
SPY icon
25
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$14.7M 1.09%
+55,719
New +$15.2M
1
2 3 4 5

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Rivernorth Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Rivernorth Capital Management held 201 positions worth $1.35B, down 6.4% from $1.44B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $51.2M in Q1 2018, closing 20 positions and reducing 55 holdings. Its most notable exit was Cornerstone Strategic Value Fund, an estimated $27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.5% of assets, down from 3.9% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $14.7M.

  • Rivernorth Capital Management's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 55,719 shares worth $14.7M.
  • Rivernorth Capital Management added most to abrdn Total Dynamic Dividend Fund in Q1 2018, an estimated $13M increase.
  • Rivernorth Capital Management's biggest Q1 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $22M.
  • Rivernorth Capital Management fully exited Cornerstone Strategic Value Fund in Q1 2018, selling an estimated $27M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.35B portfolio in Q1 2018.
  • Rivernorth Capital Management opened 31 new positions and closed 20 in Q1 2018.
  • Rivernorth Capital Management's portfolio value fell 6.4% quarter-over-quarter to $1.35B.

Based on Rivernorth Capital Management's 13F filing for Q1 2018, filed 15 May 2018.