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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
-0.37%
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
$1.2B
AUM Growth
-$71.2M
Cap. Flow
-$66.9M
Cap. Flow %
-5.58%
Top 10 Hldgs %
30.99%
Holding
261
New
52
Increased
65
Reduced
44
Closed
48

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$21.6M
2
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$17.5M
3
CRF
Cornerstone Total Return Fund
CRF
+$8.55M
4
PCF
High Income Securities Fund
PCF
+$6.75M
5
AVK
Advent Convertible and Income Fund
AVK
+$5.73M

Top Sells

Rank Stock Value
1
MZF
Managed Duration Inv Grd Muni Fd
MZF
+$14.8M
2
RA
Brookfield Real Assets Income Fund
RA
+$13.6M
3
USA icon
Liberty All-Star Equity Fund
USA
+$13M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$12.2M
5
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$8.26M

Sector Composition

Rank Sector Weight
1 Financials 2.31%
2 Consumer Discretionary 1.27%
3 Technology 1.03%
4 Healthcare 0.65%
5 Communication Services 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMD
1
Western Asset Emerging Markets Debt Fund
EMD
$611M
$57.7M 4.81%
4,296,996
-24,642
-0.6% -$332K
EVV
2
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$44.2M 3.69%
3,484,408
-18,125
-0.5% -$230K
HIO
3
Western Asset High Income Opportunity Fund
HIO
$336M
$43.4M 3.62%
9,116,903
+4,200
+0% +$20.2K
NEA icon
4
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$41.6M 3.47%
3,284,517
-252,110
-7% -$3.26M
BTZ icon
5
BlackRock Credit Allocation Income Trust
BTZ
$935M
$36.2M 3.02%
2,954,815
– –
JQC icon
6
Nuveen Credit Strategies Income Fund
JQC
$705M
$33.2M 2.77%
4,161,830
-126,860
-3% -$1.01M
GHY
7
PGIM Global High Yield Fund
GHY
$476M
$30.8M 2.57%
2,218,441
+192,627
+10% +$2.64M
SABA
8
Saba Capital Income & Opportunities Fund II
SABA
$223M
$30.4M 2.54%
2,482,753
+43,290
+2% +$531K
VVR icon
9
Invesco Senior Income Trust
VVR
$457M
$28M 2.34%
6,503,400
+9,872
+0.2% +$42.6K
HFRO
10
Highland Opportunities and Income Fund
HFRO
$417M
$25.8M 2.15%
1,673,997
+165,603
+11% +$2.61M
NAD icon
11
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$25.2M 2.11%
1,971,897
-169,022
-8% -$2.22M
AOD
12
abrdn Total Dynamic Dividend Fund
AOD
$1.11B
$25.2M 2.1%
2,869,404
-935,211
-25% -$8.26M
BRW
13
Saba Capital Income & Opportunities Fund
BRW
$336M
$25M 2.09%
2,514,452
+112,023
+5% +$1.12M
BWG
14
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$25M 2.09%
2,292,544
+11,372
+0.5% +$129K
SPY icon
15
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$24.7M 2.06%
85,000
+14,904
+21% +$4.24M
HYT icon
16
BlackRock Corporate High Yield Fund
HYT
$1.36B
$24.6M 2.05%
2,341,406
-1,156,215
-33% -$12.2M
DEX
17
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$22.5M 1.88%
2,012,779
+427,918
+27% +$4.82M
CLM icon
18
Cornerstone Strategic Value Fund
CLM
$2.22B
$21.5M 1.79%
+1,558,375
New +$21.6M
TEI
19
Templeton Emerging Markets Income Fund
TEI
$314M
$21.1M 1.76%
2,106,775
-197,813
-9% -$2.03M
EHI
20
Western Asset Global High Income Fund
EHI
$175M
$20.2M 1.68%
2,213,475
-18,100
-0.8% -$166K
VTA
21
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$19.8M 1.65%
1,725,921
– –
WIW
22
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$19.2M 1.6%
1,772,455
-171,160
-9% -$1.88M
NXDT
23
NexPoint Diversified Real Estate Trust
NXDT
$231M
$18.8M 1.57%
837,175
-173,436
-17% -$3.92M
KYN icon
24
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
$18.3M 1.52%
1,022,930
-96,996
-9% -$1.81M
NTG
25
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$17.4M 1.45%
+108,015
New +$17.5M
1
2 3 4 5

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Rivernorth Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Rivernorth Capital Management held 261 positions worth $1.2B, down 5.6% from $1.27B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $66.9M in Q3 2018, closing 48 positions and reducing 44 holdings. Its most notable exit was Managed Duration Inv Grd Muni Fd, an estimated $14.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 2.3% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Strategic Value Fund worth $21.5M.

  • Rivernorth Capital Management's largest Q3 2018 buy was Cornerstone Strategic Value Fund: 1,558,375 shares worth $21.5M.
  • Rivernorth Capital Management added most to High Income Securities Fund in Q3 2018, an estimated $6.75M increase.
  • Rivernorth Capital Management's biggest Q3 2018 reduction was Liberty All-Star Equity Fund, cutting an estimated $13M.
  • Rivernorth Capital Management fully exited Managed Duration Inv Grd Muni Fd in Q3 2018, selling an estimated $14.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.2B portfolio in Q3 2018.
  • Rivernorth Capital Management opened 52 new positions and closed 48 in Q3 2018.
  • Rivernorth Capital Management's portfolio value fell 5.6% quarter-over-quarter to $1.2B.

Based on Rivernorth Capital Management's 13F filing for Q3 2018, filed 15 Nov 2018.