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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2.1B
1-Year Est. Return 2.15%
This Fund
S&P 500
This Quarter Est. Return
+1.58%
1 Year Est. Return
+2.15%
3 Year Est. Return
+9.04%
5 Year Est. Return
-10.05%
10 Year Est. Return
+10.98%
AUM
$2.3B
AUM Growth
+$779M
Cap. Flow
+$496M
Cap. Flow %
21.58%
Top 10 Hldgs %
51.05%
Holding
265
New
31
Increased
45
Reduced
65
Closed
22

Top Buys

Rank Stock Value
1
HIO
Western Asset High Income Opportunity Fund
HIO
+$8.28M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$6.91M
3
NUO
Nuveen Ohio Quality Municipal Income Fund
NUO
+$6.89M
4
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$4.19M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$3.98M

Top Sells

Rank Stock Value
1
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$8.47M
2
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$7.23M
3
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$6.92M
4
FSK icon
FS KKR Capital
FSK
+$5.51M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$5.37M

Sector Composition

Rank Sector Weight
1 Miscellaneous 96.01%
2 Financials 2.51%
3 Consumer Discretionary 0.32%
4 Healthcare 0.25%
5 Energy 0.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HIO
1
Western Asset High Income Opportunity Fund
HIO
$326M
$63.1M 2.75%
12,322,229
+1,668,692
+16% +$8.28M
NAD icon
2
Nuveen Quality Municipal Income Fund
NAD
$2.5B
$58.4M 2.54%
4,174,688
+19,761
+0.5% +$270K
EVV
3
Eaton Vance Limited Duration Income Fund
EVV
$1.01B
$57.6M 2.51%
4,553,627
+205,458
+5% +$2.6M
EMD
4
Western Asset Emerging Markets Debt Fund
EMD
$581M
$56M 2.44%
3,907,885
-90,198
-2% -$1.25M
NEA icon
5
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.16B
$44.7M 1.95%
3,235,916
-211,168
-6% -$2.84M
HFRO
6
Highland Opportunities and Income Fund
HFRO
$389M
$44.4M 1.94%
3,218,154
+106,160
+3% +$1.43M
VTA
7
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$39.8M 1.74%
3,573,515
+621,727
+21% +$6.91M
JQC icon
8
Nuveen Credit Strategies Income Fund
JQC
$689M
$38.6M 1.68%
4,878,057
-654,109
-12% -$5.17M
BRW
9
Saba Capital Income & Opportunities Fund
BRW
$318M
$37.5M 1.63%
3,935,680
+49,902
+1% +$479K
VVR icon
10
Invesco Senior Income Trust
VVR
$446M
$37.4M 1.63%
8,672,976
-335,815
-4% -$1.43M
GHY
11
PGIM Global High Yield Fund
GHY
$458M
$37.1M 1.62%
2,569,502
-709
-0% -$9.98K
EHI
12
Western Asset Global High Income Fund
EHI
$168M
$36.8M 1.6%
3,704,662
-41,987
-1% -$408K
BTZ icon
13
BlackRock Credit Allocation Income Trust
BTZ
$898M
$34.9M 1.52%
2,691,270
-252,253
-9% -$3.2M
BWG
14
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$123M
$34.9M 1.52%
2,969,643
+270,148
+10% +$3.03M
SABA
15
Saba Capital Income & Opportunities Fund II
SABA
$214M
$34.8M 1.52%
2,744,405
+217,205
+9% +$2.75M
BBDC icon
16
Barings BDC
BBDC
$915M
$29.5M 1.29%
3,002,031
+385,563
+15% +$3.84M
WIW
17
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$503M
$26.8M 1.17%
2,399,134
+385,605
+19% +$4.19M
ISD
18
PGIM High Yield Bond Fund
ISD
$399M
$21.6M 0.94%
1,479,862
+10,451
+0.7% +$150K
JLS icon
19
Nuveen Mortgage and Income Fund
JLS
$90M
$16.9M 0.74%
728,725
+7,758
+1% +$180K
GER
20
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
$16.9M 0.73%
224,607
-2,378
-1% -$116K
JFR icon
21
Nuveen Floating Rate Income Fund
JFR
$1.2B
$15.9M 0.69%
1,615,433
-2,048
-0.1% -$20.2K
NFJ
22
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$15.4M 0.67%
1,245,879
+39,437
+3% +$481K
NHS
23
Neuberger High Yield Strategies Fund Inc
NHS
$236M
$15.1M 0.66%
1,287,219
+18,544
+1% +$217K
PMO
24
Franklin Municipal Opportunities Trust
PMO
$265M
$15M 0.65%
1,184,776
– –
DSU icon
25
BlackRock Debt Strategies Fund
DSU
$588M
$14.8M 0.64%
1,374,028
-473,391
-26% -$5.08M
1
2 3 4 5

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Rivernorth Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Rivernorth Capital Management held 265 positions worth $2.3B, up 51% from $1.52B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Rivernorth Capital Management deployed $496M of net new capital in Q2 2019, opening 31 new positions and adding to 45 existing holdings. Its largest new stake was Proficient Alpha Acquisition Corp. Unit: 325,000 shares worth $3.27M.

By sector, the portfolio is most concentrated in Miscellaneous at 96% of assets, up from 93% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Nuveen California Quality Municipal Income Fund, an estimated $8.47M trimmed.

  • Rivernorth Capital Management's largest Q2 2019 buy was Proficient Alpha Acquisition Corp. Unit: 325,000 shares worth $3.27M.
  • Rivernorth Capital Management added most to Western Asset High Income Opportunity Fund in Q2 2019, an estimated $8.28M increase.
  • Rivernorth Capital Management's biggest Q2 2019 reduction was Nuveen California Quality Municipal Income Fund, cutting an estimated $8.47M.
  • Rivernorth Capital Management fully exited Ranpak Holdings in Q2 2019, selling an estimated $4.08M.
  • Rivernorth Capital Management's ten largest holdings make up 51% of its $2.3B portfolio in Q2 2019.
  • Rivernorth Capital Management opened 31 new positions and closed 22 in Q2 2019.
  • Rivernorth Capital Management's portfolio value rose 51% quarter-over-quarter to $2.3B.

Based on Rivernorth Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.