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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
+0.34%
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
$2.21B
AUM Growth
-$88.5M
Cap. Flow
+$153M
Cap. Flow %
6.94%
Top 10 Hldgs %
45.74%
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
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$16.9M
2
EAD
Allspring Income Opportunities Fund
EAD
+$10.3M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$10.2M
4
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$8.55M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$8.33M

Sector Composition

Rank Sector Weight
1 Miscellaneous 95.81%
2 Financials 2.55%
3 Consumer Discretionary 0.34%
4 Communication Services 0.31%
5 Healthcare 0.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAD icon
1
Nuveen Quality Municipal Income Fund
NAD
$2.51B
$88.1M 3.99%
6,137,930
+1,963,242
+47% +$28.2M
NEA icon
2
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.17B
$76M 3.44%
5,312,382
+2,076,466
+64% +$29.4M
HIO
3
Western Asset High Income Opportunity Fund
HIO
$324M
$61.8M 2.8%
12,243,578
-78,651
-0.6% -$398K
EVV
4
Eaton Vance Limited Duration Income Fund
EVV
$1.01B
$54.2M 2.45%
4,335,212
-218,415
-5% -$2.74M
EMD
5
Western Asset Emerging Markets Debt Fund
EMD
$578M
$45.8M 2.08%
3,300,703
-607,182
-16% -$8.55M
HFRO
6
Highland Opportunities and Income Fund
HFRO
$390M
$41.1M 1.86%
3,077,454
-140,700
-4% -$1.88M
EHI
7
Western Asset Global High Income Fund
EHI
$169M
$41M 1.86%
4,130,724
+426,062
+12% +$4.2M
VTA
8
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$39.3M 1.78%
3,576,846
+3,331
+0.1% +$36.7K
BWG
9
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$124M
$37.9M 1.72%
3,135,011
+165,368
+6% +$1.97M
JQC icon
10
Nuveen Credit Strategies Income Fund
JQC
$689M
$36.9M 1.67%
4,932,040
+53,983
+1% +$412K
BRW
11
Saba Capital Income & Opportunities Fund
BRW
$318M
$36.6M 1.66%
3,889,094
-46,586
-1% -$440K
VVR icon
12
Invesco Senior Income Trust
VVR
$445M
$36.3M 1.64%
8,657,652
-15,324
-0.2% -$64.3K
GHY
13
PGIM Global High Yield Fund
GHY
$459M
$35M 1.59%
2,437,775
-131,727
-5% -$1.89M
SABA
14
Saba Capital Income & Opportunities Fund II
SABA
$215M
$33.8M 1.53%
2,752,405
+8,000
+0.3% +$100K
WIW
15
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$502M
$29.6M 1.34%
2,674,150
+275,016
+11% +$3.08M
BBDC icon
16
Barings BDC
BBDC
$915M
$27.7M 1.25%
2,728,984
-273,047
-9% -$2.71M
MYI icon
17
BlackRock MuniYield Quality Fund III
MYI
$669M
$27.3M 1.24%
2,011,650
+1,328,481
+194% +$17.8M
BTZ icon
18
BlackRock Credit Allocation Income Trust
BTZ
$903M
$26.3M 1.19%
1,931,687
-759,583
-28% -$10.2M
NRK icon
19
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$848M
$20.2M 0.92%
1,503,641
+793,689
+112% +$10.6M
PMO
20
Franklin Municipal Opportunities Trust
PMO
$264M
$19.4M 0.88%
1,487,333
+302,557
+26% +$3.97M
EIM
21
Eaton Vance Municipal Bond Fund
EIM
$466M
$18.7M 0.85%
1,441,685
+971,068
+206% +$12.4M
ISD
22
PGIM High Yield Bond Fund
ISD
$398M
$18.3M 0.83%
1,226,180
-253,682
-17% -$3.71M
AOD
23
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
$18.1M 0.82%
+2,174,846
New +$17.9M
JLS icon
24
Nuveen Mortgage and Income Fund
JLS
$90M
$17.9M 0.81%
775,997
+47,272
+6% +$1.09M
NFJ
25
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$15.8M 0.72%
1,293,061
+47,182
+4% +$581K
1
2 3 4 5

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OC
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Rivernorth Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Rivernorth Capital Management held 291 positions worth $2.21B, down 3.9% from $2.3B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Rivernorth Capital Management deployed $153M 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 $18.1M.

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

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 $18.1M.
  • 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 $16.9M.
  • Rivernorth Capital Management's ten largest holdings make up 46% of its $2.21B portfolio in Q3 2019.
  • Rivernorth Capital Management opened 48 new positions and closed 33 in Q3 2019.
  • Rivernorth Capital Management's portfolio value fell 3.9% quarter-over-quarter to $2.21B.

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