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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
+8.69%
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
$1.52B
AUM Growth
-$160M
Cap. Flow
-$284M
Cap. Flow %
-18.72%
Top 10 Hldgs %
30.38%
Holding
315
New
23
Increased
46
Reduced
77
Closed
81

Top Buys

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$10.6M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$10.6M
3
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$8.55M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$7.34M
5
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$7.1M

Top Sells

Rank Stock Value
1
FSK icon
FS KKR Capital
FSK
+$17.4M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$15.2M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$14.8M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.1M
5
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 3.18%
2 Consumer Discretionary 0.9%
3 Technology 0.67%
4 Healthcare 0.37%
5 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAD icon
1
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$56.4M 3.72%
4,154,927
-349,144
-8% -$4.62M
EVV
2
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$55M 3.62%
4,348,169
+63,453
+1% +$790K
EMD
3
Western Asset Emerging Markets Debt Fund
EMD
$609M
$54.5M 3.59%
3,998,083
-747,306
-16% -$10.1M
HIO
4
Western Asset High Income Opportunity Fund
HIO
$336M
$51.5M 3.39%
10,653,537
+796,435
+8% +$3.79M
NEA icon
5
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$46.1M 3.04%
3,447,084
-1,140,146
-25% -$14.8M
HFRO
6
Highland Opportunities and Income Fund
HFRO
$417M
$43.2M 2.85%
3,111,994
+130,732
+4% +$1.79M
JQC icon
7
Nuveen Credit Strategies Income Fund
JQC
$704M
$42.8M 2.82%
5,532,166
+946,624
+21% +$7.34M
VVR icon
8
Invesco Senior Income Trust
VVR
$457M
$37.8M 2.49%
9,008,791
+847,422
+10% +$3.5M
BRW
9
Saba Capital Income & Opportunities Fund
BRW
$336M
$37.1M 2.45%
3,885,778
+224,501
+6% +$2.12M
BTZ icon
10
BlackRock Credit Allocation Income Trust
BTZ
$930M
$36.5M 2.41%
2,943,523
-7,935
-0.3% -$95.1K
GHY
11
PGIM Global High Yield Fund
GHY
$478M
$35.8M 2.36%
2,570,211
-94,854
-4% -$1.31M
EHI
12
Western Asset Global High Income Fund
EHI
$175M
$35.2M 2.32%
3,746,649
+1,150,598
+44% +$10.6M
VTA
13
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$32M 2.11%
2,951,788
+978,138
+50% +$10.6M
SABA
14
Saba Capital Income & Opportunities Fund II
SABA
$220M
$31.8M 2.1%
2,527,200
+39,301
+2% +$498K
BWG
15
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$30M 1.98%
2,699,495
-22,486
-0.8% -$248K
BBDC icon
16
Barings BDC
BBDC
$864M
$25.7M 1.69%
2,616,468
-77,711
-3% -$759K
WIW
17
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$21.6M 1.42%
2,013,529
+276,099
+16% +$2.92M
ISD
18
PGIM High Yield Bond Fund
ISD
$415M
$20.8M 1.37%
1,469,411
+135,458
+10% +$1.89M
DSU icon
19
BlackRock Debt Strategies Fund
DSU
$593M
$19.8M 1.31%
1,847,419
+324,148
+21% +$3.42M
NAC icon
20
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$18.8M 1.24%
1,361,421
-275,084
-17% -$3.66M
GER
21
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
$16.9M 1.11%
226,985
-165,884
-42% -$8.04M
JLS icon
22
Nuveen Mortgage and Income Fund
JLS
$94.5M
$16.7M 1.1%
720,967
+212,327
+42% +$4.87M
JFR icon
23
Nuveen Floating Rate Income Fund
JFR
$1.24B
$15.6M 1.03%
1,617,481
+457,671
+39% +$4.47M
BIT icon
24
BlackRock Multi-Sector Income Trust
BIT
$698M
$14.7M 0.97%
888,373
+29,620
+3% +$486K
EAD
25
Allspring Income Opportunities Fund
EAD
$372M
$14.6M 0.96%
1,856,356
-26,320
-1% -$203K
1
2 3 4 5

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Rivernorth Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Rivernorth Capital Management held 315 positions worth $1.52B, down 9.6% from $1.68B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $284M in Q1 2019, closing 81 positions and reducing 77 holdings. Its most notable exit was Nuveen Preferred & Income Securities Fund, an estimated $15.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.2% of assets, down from 4.3% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniYield Quality Fund III worth $8.83M.

  • Rivernorth Capital Management's largest Q1 2019 buy was BlackRock MuniYield Quality Fund III: 683,169 shares worth $8.83M.
  • Rivernorth Capital Management added most to Western Asset Global High Income Fund in Q1 2019, an estimated $10.6M increase.
  • Rivernorth Capital Management's biggest Q1 2019 reduction was FS KKR Capital, cutting an estimated $17.4M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q1 2019, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.52B portfolio in Q1 2019.
  • Rivernorth Capital Management opened 23 new positions and closed 81 in Q1 2019.
  • Rivernorth Capital Management's portfolio value fell 9.6% quarter-over-quarter to $1.52B.

Based on Rivernorth Capital Management's 13F filing for Q1 2019, filed 15 May 2019.