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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
+16.1%
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
$1.76B
AUM Growth
+$266M
Cap. Flow
+$63.5M
Cap. Flow %
3.61%
Top 10 Hldgs %
29.9%
Holding
338
New
64
Increased
73
Reduced
91
Closed
78

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$36.2M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$15.9M
3
GBDC icon
Golub Capital BDC
GBDC
+$15.4M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.3M
5
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
+$10.7M

Top Sells

Rank Stock Value
1
DUC
Duff & Phelps Utility & Corporate Bond Trust
DUC
+$18.2M
2
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$15.2M
3
ARCC icon
Ares Capital
ARCC
+$13.1M
4
MYN icon
BlackRock MuniYield New York Quality Fund
MYN
+$13M
5
RQI icon
Cohen & Steers Quality Income Realty Fund
RQI
+$12.2M

Sector Composition

Rank Sector Weight
1 Financials 5.67%
2 Technology 0.24%
3 Consumer Staples 0.2%
4 Healthcare 0.17%
5 Industrials 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEA icon
1
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$95.4M 5.43%
6,865,713
+2,681,487
+64% +$36.2M
NAD icon
2
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$92.9M 5.28%
6,623,517
+1,123,881
+20% +$15.3M
WIW
3
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$52.5M 2.98%
4,785,804
-117,781
-2% -$1.24M
EVV
4
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$47.9M 2.73%
4,254,399
+527,632
+14% +$5.75M
EHI
5
Western Asset Global High Income Fund
EHI
$175M
$47.4M 2.7%
5,125,552
+876,139
+21% +$7.62M
BRW
6
Saba Capital Income & Opportunities Fund
BRW
$336M
$45.4M 2.58%
5,578,054
+1,995,466
+56% +$15.9M
HIO
7
Western Asset High Income Opportunity Fund
HIO
$336M
$39.8M 2.26%
8,615,668
+534,084
+7% +$2.39M
EIM
8
Eaton Vance Municipal Bond Fund
EIM
$494M
$38M 2.16%
2,990,420
+285,893
+11% +$3.56M
NAC icon
9
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$33.4M 1.9%
2,342,264
+741,801
+46% +$10.3M
BBDC icon
10
Barings BDC
BBDC
$864M
$33.1M 1.88%
4,162,712
+216,308
+5% +$1.55M
GBDC icon
11
Golub Capital BDC
GBDC
$3.34B
$31.8M 1.81%
2,726,517
+1,367,896
+101% +$15.4M
GHY
12
PGIM Global High Yield Fund
GHY
$476M
$31.2M 1.78%
2,455,992
-26,025
-1% -$315K
NVG icon
13
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$30.8M 1.75%
2,012,416
+146,916
+8% +$2.16M
BWG
14
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$27.5M 1.57%
2,384,937
-601,075
-20% -$6.8M
JQC icon
15
Nuveen Credit Strategies Income Fund
JQC
$705M
$26.3M 1.49%
4,496,293
+326,700
+8% +$1.93M
HFRO
16
Highland Opportunities and Income Fund
HFRO
$417M
$25.9M 1.47%
3,221,960
+289,343
+10% +$2.37M
SABA
17
Saba Capital Income & Opportunities Fund II
SABA
$223M
$24.6M 1.4%
2,286,640
+288,506
+14% +$3.08M
MYI icon
18
BlackRock MuniYield Quality Fund III
MYI
$714M
$24.3M 1.38%
1,863,986
-33,488
-2% -$420K
DSU icon
19
BlackRock Debt Strategies Fund
DSU
$591M
$23.7M 1.35%
2,540,540
-556,056
-18% -$5.16M
NXDT
20
NexPoint Diversified Real Estate Trust
NXDT
$231M
$21.8M 1.24%
2,075,082
+817,527
+65% +$8.11M
EMD
21
Western Asset Emerging Markets Debt Fund
EMD
$611M
$18.7M 1.06%
1,519,741
-35,571
-2% -$409K
VVR icon
22
Invesco Senior Income Trust
VVR
$457M
$18.3M 1.04%
5,301,794
+809,892
+18% +$2.75M
VTA
23
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$18.2M 1.04%
2,046,695
-176,636
-8% -$1.51M
IIM icon
24
Invesco Value Municipal Income Trust
IIM
$590M
$18.2M 1.03%
1,256,679
+696,454
+124% +$9.83M
VGM icon
25
Invesco Trust Investment Grade Municipals
VGM
$548M
$17.3M 0.98%
1,433,450
+35,911
+3% +$426K
1
2 3 4 5

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Rivernorth Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Rivernorth Capital Management held 338 positions worth $1.76B, up 18% from $1.49B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management deployed $63.5M of net new capital in Q2 2020, opening 64 new positions and adding to 73 existing holdings. Its largest new stake was FIRST TRUST MLP AND ENERGY INCOME FUND: 1,863,762 shares worth $10.5M.

By sector, the portfolio is most concentrated in Financials at 5.7% of assets, up from 5.1% a quarter earlier, followed by Technology and Consumer Staples.

On the sell side, the largest reduction was Duff & Phelps Utility & Corporate Bond Trust, an estimated $18.2M trimmed.

  • Rivernorth Capital Management's largest Q2 2020 buy was FIRST TRUST MLP AND ENERGY INCOME FUND: 1,863,762 shares worth $10.5M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q2 2020, an estimated $36.2M increase.
  • Rivernorth Capital Management's biggest Q2 2020 reduction was Duff & Phelps Utility & Corporate Bond Trust, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited BlackRock Credit Allocation Income Trust in Q2 2020, selling an estimated $15.2M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.76B portfolio in Q2 2020.
  • Rivernorth Capital Management opened 64 new positions and closed 78 in Q2 2020.
  • Rivernorth Capital Management's portfolio value rose 18% quarter-over-quarter to $1.76B.

Based on Rivernorth Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.