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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
+0.81%
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
$22M
AUM Growth
+$19.7M
Cap. Flow
+$203M
Cap. Flow %
924.46%
Top 10 Hldgs %
88.42%
Holding
291
New
48
Increased
64
Reduced
62
Closed
33

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.2M
3
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$17.9M
4
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$17.8M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$13.7M

Top Sells

Rank Stock Value
1
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
3
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
4
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M
5
CRF
Cornerstone Total Return Fund
CRF
+$6.24M

Sector Composition

Rank Sector Weight
1 Financials 0.2%
2 Consumer Discretionary 0.03%
3 Communication Services 0.03%
4 Healthcare 0.03%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NTX
1
DELISTED
Nuveen Texas Quality Municipal Income Fund
NTX
$4.36M 19.87%
+314,160
New +$4.41M
THCAU
2
DELISTED
Tuscan Holdings Corp. II Unit
THCAU
$4.02M 18.3%
+400,000
New +$4.02M
FLLCU
3
DELISTED
Fellazo Inc. Unit
FLLCU
$2.24M 10.2%
+225,000
New +$2.25M
SSPKU
4
DELISTED
Silver Spike Acquisition Corp. Units
SSPKU
$2.02M 9.19%
+200,000
New +$2M
NFINU
5
DELISTED
Netfin Acquisition Corp. Unit
NFINU
$2.02M 9.19%
+200,000
New +$2.01M
ORSNU
6
DELISTED
Orisun Acquisition Corp. Unit
ORSNU
$1.6M 7.28%
+160,000
New +$1.6M
NPAUU
7
DELISTED
New Providence Acquisition Corp. Unit
NPAUU
$1.36M 6.2%
+135,000
New +$1.36M
THBRU
8
DELISTED
Thunder Bridge Acquisition II, Ltd. Units
THBRU
$764K 3.48%
+75,000
New +$759K
APXTU
9
DELISTED
Apex Technology Acquisition Corporation Unit
APXTU
$510K 2.32%
+50,000
New +$508K
PIC.U
10
DELISTED
Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U
$509K 2.32%
+50,000
New +$507K
SCPE.U
11
DELISTED
SC Health Corporation Units, each consisting of one Class A ordinary share, $0.0001 par value, and o
SCPE.U
$259K 1.18%
+25,000
New +$257K
NAD icon
12
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$88.1K 0.4%
6,137,930
+1,963,242
+47% +$28.2M
NEA icon
13
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$76K 0.35%
5,312,382
+2,076,466
+64% +$29.4M
HIO
14
Western Asset High Income Opportunity Fund
HIO
$336M
$61.8K 0.28%
12,243,578
-78,651
-0.6% -$398K
EVV
15
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$54.2K 0.25%
4,335,212
-218,415
-5% -$2.74M
BRPAR
16
DELISTED
Big Rock Partners Acquisition Corp. Right
BRPAR
$53K 0.24%
239,998
– –
EMD
17
Western Asset Emerging Markets Debt Fund
EMD
$609M
$45.8K 0.21%
3,300,703
-607,182
-16% -$8.55M
HFRO
18
Highland Opportunities and Income Fund
HFRO
$417M
$41.1K 0.19%
3,077,454
-140,700
-4% -$1.88M
EHI
19
Western Asset Global High Income Fund
EHI
$175M
$41K 0.19%
4,130,724
+426,062
+12% +$4.2M
SONGW
20
DELISTED
Akazoo SA Warrant
SONGW
$40K 0.18%
+52,523
New +$27.9K
VTA
21
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$39.3K 0.18%
3,576,846
+3,331
+0.1% +$36.7K
BWG
22
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$37.9K 0.17%
3,135,011
+165,368
+6% +$1.97M
JQC icon
23
Nuveen Credit Strategies Income Fund
JQC
$704M
$36.9K 0.17%
4,932,040
+53,983
+1% +$412K
BRW
24
Saba Capital Income & Opportunities Fund
BRW
$336M
$36.6K 0.17%
3,889,094
-46,586
-1% -$440K
VVR icon
25
Invesco Senior Income Trust
VVR
$457M
$36.3K 0.17%
8,657,652
-15,324
-0.2% -$64.3K
1
2 3 4 5

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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $22M, up 856% from $2.3M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Rivernorth Capital Management deployed $203M of net new capital in Q3 2019, opening 48 new positions and adding to 64 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.

By sector, the portfolio is most concentrated in Financials at 0.2% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Allspring Income Opportunities Fund, an estimated $10.3M trimmed.

  • Rivernorth Capital Management's largest Q3 2019 buy was abrdn Total Dynamic Dividend Fund: 2,174,846 shares worth $18.1K.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2019, an estimated $29.4M increase.
  • Rivernorth Capital Management's biggest Q3 2019 reduction was Allspring Income Opportunities Fund, cutting an estimated $10.3M.
  • Rivernorth Capital Management fully exited Goldman Sachs MLP Energy Renaissance Fund in Q3 2019, selling an estimated $16.9K.
  • Rivernorth Capital Management's ten largest holdings make up 88% of its $22M portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value rose 856% quarter-over-quarter to $22M.

Based on Rivernorth Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.