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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
-1.42%
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
$1.27B
AUM Growth
-$76.3M
Cap. Flow
-$57.3M
Cap. Flow %
-4.51%
Top 10 Hldgs %
30.69%
Holding
242
New
61
Increased
46
Reduced
49
Closed
33

Top Buys

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$15.9M
2
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$7.98M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$5.96M
4
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$5.53M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$3.88M

Top Sells

Rank Stock Value
1
USA icon
Liberty All-Star Equity Fund
USA
+$23.8M
2
DSU icon
BlackRock Debt Strategies Fund
DSU
+$11.1M
3
FSK icon
FS KKR Capital
FSK
+$8.51M
4
FIV
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
+$8.28M
5
RA
Brookfield Real Assets Income Fund
RA
+$8.15M

Sector Composition

Rank Sector Weight
1 Financials 2.71%
2 Technology 1.07%
3 Consumer Discretionary 1.01%
4 Healthcare 0.5%
5 Communication Services 0.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMD
1
Western Asset Emerging Markets Debt Fund
EMD
$611M
$57.3M 4.52%
4,321,638
+429,374
+11% +$5.96M
NEA icon
2
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$46M 3.63%
3,536,627
-50,546
-1% -$653K
EVV
3
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$44.1M 3.47%
3,502,533
+133,621
+4% +$1.71M
HIO
4
Western Asset High Income Opportunity Fund
HIO
$336M
$43.9M 3.46%
9,112,703
+89,331
+1% +$431K
HYT icon
5
BlackRock Corporate High Yield Fund
HYT
$1.36B
$36.6M 2.88%
3,497,621
-10,000
-0.3% -$106K
BTZ icon
6
BlackRock Credit Allocation Income Trust
BTZ
$935M
$35.7M 2.81%
2,954,815
– –
JQC icon
7
Nuveen Credit Strategies Income Fund
JQC
$705M
$34.1M 2.69%
4,288,690
-72,023
-2% -$579K
AOD
8
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$33.3M 2.62%
3,804,615
-323,578
-8% -$2.91M
SABA
9
Saba Capital Income & Opportunities Fund II
SABA
$223M
$30M 2.36%
2,439,463
+265,555
+12% +$3.35M
NAD icon
10
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$28.5M 2.24%
2,140,919
-3,900
-0.2% -$51.3K
VVR icon
11
Invesco Senior Income Trust
VVR
$457M
$27.8M 2.19%
6,493,528
+402,182
+7% +$1.77M
GHY
12
PGIM Global High Yield Fund
GHY
$476M
$27.7M 2.18%
2,025,814
+195,666
+11% +$2.7M
BWG
13
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$26M 2.05%
2,281,172
+141,534
+7% +$1.72M
BRW
14
Saba Capital Income & Opportunities Fund
BRW
$336M
$24.2M 1.9%
2,402,429
+105,387
+5% +$1.08M
GLO
15
Clough Global Opportunities Fund
GLO
$249M
$23.9M 1.89%
2,180,256
-510,694
-19% -$5.58M
TEI
16
Templeton Emerging Markets Income Fund
TEI
$314M
$23.7M 1.86%
2,304,588
+15,336
+0.7% +$167K
HFRO
17
Highland Opportunities and Income Fund
HFRO
$417M
$23.6M 1.86%
1,508,394
-83,159
-5% -$1.32M
NXDT
18
NexPoint Diversified Real Estate Trust
NXDT
$231M
$22.2M 1.75%
1,010,611
+241,407
+31% +$5.53M
WIW
19
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$21.7M 1.71%
1,943,615
-15,244
-0.8% -$171K
KYN icon
20
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
$21.1M 1.66%
1,119,926
+63,357
+6% +$1.15M
EHI
21
Western Asset Global High Income Fund
EHI
$175M
$20.4M 1.6%
2,231,575
-17,052
-0.8% -$160K
VTA
22
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$20.1M 1.58%
1,725,921
– –
SPY icon
23
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$19M 1.5%
70,096
+14,377
+26% +$3.88M
DEX
24
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$18M 1.41%
1,584,861
+315,462
+25% +$3.69M
USA icon
25
Liberty All-Star Equity Fund
USA
$1.79B
$16.2M 1.28%
2,535,945
-3,738,052
-60% -$23.8M
1
2 3 4 5

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Rivernorth Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Rivernorth Capital Management held 242 positions worth $1.27B, down 5.7% from $1.35B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $57.3M in Q2 2018, closing 33 positions and reducing 49 holdings. Its most notable exit was FS KKR Capital, an estimated $8.51M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.7% of assets, up from 2.5% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in Barings BDC worth $15.9M.

  • Rivernorth Capital Management's largest Q2 2018 buy was Barings BDC: 1,384,049 shares worth $15.9M.
  • Rivernorth Capital Management added most to Western Asset Emerging Markets Debt Fund in Q2 2018, an estimated $5.96M increase.
  • Rivernorth Capital Management's biggest Q2 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $23.8M.
  • Rivernorth Capital Management fully exited FS KKR Capital in Q2 2018, selling an estimated $8.51M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.27B portfolio in Q2 2018.
  • Rivernorth Capital Management opened 61 new positions and closed 33 in Q2 2018.
  • Rivernorth Capital Management's portfolio value fell 5.7% quarter-over-quarter to $1.27B.

Based on Rivernorth Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.