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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
-8.99%
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
$1.68B
AUM Growth
+$480M
Cap. Flow
+$604M
Cap. Flow %
36.01%
Top 10 Hldgs %
26.1%
Holding
319
New
106
Increased
77
Reduced
26
Closed
27

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$31.7M
2
FSK icon
FS KKR Capital
FSK
+$31.6M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19.7M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$19.7M
5
HFRO
Highland Opportunities and Income Fund
HFRO
+$19.2M

Top Sells

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$25.2M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.3M
3
EDD
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
+$10.1M
4
WIA
Western Asset Inflation-Linked Income Fund
WIA
+$8.39M
5
KMM
Deutsche Multi-Market Incm Trust
KMM
+$5.79M

Sector Composition

Rank Sector Weight
1 Financials 4.29%
2 Consumer Discretionary 0.85%
3 Healthcare 0.47%
4 Technology 0.46%
5 Communication Services 0.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMD
1
Western Asset Emerging Markets Debt Fund
EMD
$609M
$58.3M 3.47%
4,745,389
+448,393
+10% +$5.66M
NEA icon
2
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$56.5M 3.37%
4,587,230
+1,302,713
+40% +$16M
NAD icon
3
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$56.3M 3.36%
4,504,071
+2,532,174
+128% +$31.7M
EVV
4
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$51.1M 3.05%
4,284,716
+800,308
+23% +$9.76M
HIO
5
Western Asset High Income Opportunity Fund
HIO
$336M
$43.4M 2.59%
9,857,102
+740,199
+8% +$3.37M
HFRO
6
Highland Opportunities and Income Fund
HFRO
$417M
$37.4M 2.23%
2,981,262
+1,307,265
+78% +$19.2M
GHY
7
PGIM Global High Yield Fund
GHY
$478M
$34.7M 2.07%
2,665,065
+446,624
+20% +$5.96M
JQC icon
8
Nuveen Credit Strategies Income Fund
JQC
$704M
$33.7M 2.01%
4,585,542
+423,712
+10% +$3.24M
BRW
9
Saba Capital Income & Opportunities Fund
BRW
$336M
$33.5M 2%
3,661,277
+1,146,825
+46% +$10.9M
BTZ icon
10
BlackRock Credit Allocation Income Trust
BTZ
$930M
$33M 1.97%
2,951,458
-3,357
-0.1% -$39.3K
VVR icon
11
Invesco Senior Income Trust
VVR
$457M
$31.7M 1.89%
8,161,369
+1,657,969
+25% +$6.84M
SABA
12
Saba Capital Income & Opportunities Fund II
SABA
$220M
$30.3M 1.81%
2,487,899
+5,146
+0.2% +$62.9K
BWG
13
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$28.5M 1.7%
2,721,981
+429,437
+19% +$4.48M
FSK icon
14
FS KKR Capital
FSK
$2.96B
$27.1M 1.61%
+1,270,668
New +$31.6M
GER
15
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
$25.4M 1.52%
+392,869
New +$19.7M
HYT icon
16
BlackRock Corporate High Yield Fund
HYT
$1.36B
$24.9M 1.48%
2,670,242
+328,836
+14% +$3.23M
BBDC icon
17
Barings BDC
BBDC
$864M
$24.3M 1.45%
2,694,179
+1,166,555
+76% +$11.5M
EHI
18
Western Asset Global High Income Fund
EHI
$175M
$21.4M 1.28%
2,596,051
+382,576
+17% +$3.33M
NAC icon
19
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$20.5M 1.22%
1,636,505
+1,171,785
+252% +$14.7M
VTA
20
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$20.3M 1.21%
1,973,650
+247,729
+14% +$2.7M
BTT icon
21
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$20.2M 1.2%
994,367
+937,200
+1,639% +$18.9M
VMO icon
22
Invesco Municipal Opportunity Trust
VMO
$651M
$19.6M 1.17%
+1,772,634
New +$19.7M
NTG
23
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$18.3M 1.09%
152,252
+44,237
+41% +$6.24M
WIW
24
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$17.6M 1.05%
1,737,430
-35,025
-2% -$363K
ISD
25
PGIM High Yield Bond Fund
ISD
$415M
$17.5M 1.04%
1,333,953
+308,929
+30% +$4.19M
1
2 3 4 5

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Rivernorth Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Rivernorth Capital Management held 319 positions worth $1.68B, up 40% from $1.2B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Rivernorth Capital Management deployed $604M of net new capital in Q4 2018, opening 106 new positions and adding to 77 existing holdings. Its largest new stake was FS KKR Capital: 1,270,668 shares worth $27.1M.

By sector, the portfolio is most concentrated in Financials at 4.3% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $14.3M trimmed.

  • Rivernorth Capital Management's largest Q4 2018 buy was FS KKR Capital: 1,270,668 shares worth $27.1M.
  • Rivernorth Capital Management added most to Nuveen Quality Municipal Income Fund in Q4 2018, an estimated $31.7M increase.
  • Rivernorth Capital Management's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $14.3M.
  • Rivernorth Capital Management fully exited abrdn Total Dynamic Dividend Fund in Q4 2018, selling an estimated $25.2M.
  • Rivernorth Capital Management's ten largest holdings make up 26% of its $1.68B portfolio in Q4 2018.
  • Rivernorth Capital Management opened 106 new positions and closed 27 in Q4 2018.
  • Rivernorth Capital Management's portfolio value rose 40% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.