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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
+2.65%
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
$1.62B
AUM Growth
-$143M
Cap. Flow
-$274M
Cap. Flow %
-16.98%
Top 10 Hldgs %
30.32%
Holding
425
New
161
Increased
45
Reduced
86
Closed
91

Top Buys

Rank Stock Value
1
HIX
Western Asset High Income Fund II
HIX
+$16.6M
2
OCSL icon
Oaktree Specialty Lending
OCSL
+$13.7M
3
BCSF icon
Bain Capital Specialty
BCSF
+$11M
4
FIV
First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
+$9.21M
5
CPZ
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
+$8.1M

Top Sells

Rank Stock Value
1
GBDC icon
Golub Capital BDC
GBDC
+$31.3M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$26M
3
HFRO
Highland Opportunities and Income Fund
HFRO
+$17.9M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$17.2M
5
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$14.9M

Sector Composition

Rank Sector Weight
1 Financials 8.07%
2 Technology 1.29%
3 Consumer Discretionary 1%
4 Industrials 0.91%
5 Healthcare 0.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAD icon
1
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$90.2M 5.58%
6,209,058
-414,459
-6% -$6.02M
NEA icon
2
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$72.5M 4.49%
5,053,416
-1,812,297
-26% -$26M
BRW
3
Saba Capital Income & Opportunities Fund
BRW
$336M
$54.2M 3.36%
6,146,303
+568,249
+10% +$4.98M
EHI
4
Western Asset Global High Income Fund
EHI
$175M
$53.9M 3.34%
5,596,315
+470,763
+9% +$4.59M
WIW
5
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$49.4M 3.06%
4,395,937
-389,867
-8% -$4.43M
EVV
6
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$39.7M 2.46%
3,506,459
-747,940
-18% -$8.65M
HIO
7
Western Asset High Income Opportunity Fund
HIO
$336M
$37.5M 2.32%
7,657,196
-958,472
-11% -$4.7M
BBDC icon
8
Barings BDC
BBDC
$864M
$31M 1.92%
3,876,150
-286,562
-7% -$2.28M
GHY
9
PGIM Global High Yield Fund
GHY
$478M
$28.7M 1.78%
2,169,296
-286,696
-12% -$3.81M
HIX
10
Western Asset High Income Fund II
HIX
$349M
$28.4M 1.76%
4,430,757
+2,538,345
+134% +$16.6M
OCSL icon
11
Oaktree Specialty Lending
OCSL
$1.02B
$28.2M 1.74%
1,940,861
+958,558
+98% +$13.7M
NAC icon
12
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$25.4M 1.57%
1,746,688
-595,576
-25% -$8.74M
MYI icon
13
BlackRock MuniYield Quality Fund III
MYI
$709M
$24.9M 1.54%
1,850,120
-13,866
-0.7% -$187K
EIM
14
Eaton Vance Municipal Bond Fund
EIM
$491M
$22.1M 1.37%
1,680,833
-1,309,587
-44% -$17.2M
BWG
15
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$21.7M 1.34%
1,885,811
-499,126
-21% -$6.15M
DSU icon
16
BlackRock Debt Strategies Fund
DSU
$593M
$21.6M 1.34%
2,173,384
-367,156
-14% -$3.62M
NVG icon
17
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$21.4M 1.33%
1,367,593
-644,823
-32% -$10.1M
BCSF icon
18
Bain Capital Specialty
BCSF
$806M
$20.6M 1.28%
2,024,159
+1,053,424
+109% +$11M
JQC icon
19
Nuveen Credit Strategies Income Fund
JQC
$704M
$19.6M 1.21%
3,315,917
-1,180,376
-26% -$7.07M
VTA
20
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$18.4M 1.14%
2,002,756
-43,939
-2% -$399K
VGM icon
21
Invesco Trust Investment Grade Municipals
VGM
$548M
$18M 1.12%
1,451,750
+18,300
+1% +$230K
EFF
22
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$17.4M 1.07%
1,238,316
+38,736
+3% +$550K
NRK icon
23
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
$16.1M 1%
1,254,000
-63,972
-5% -$837K
AWF
24
AllianceBernstein Global High Income Fund
AWF
$870M
$16.1M 0.99%
1,527,618
-2,045
-0.1% -$21.7K
IIM icon
25
Invesco Value Municipal Income Trust
IIM
$589M
$16.1M 0.99%
1,091,457
-165,222
-13% -$2.46M
1
2 3 4 5

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Rivernorth Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Rivernorth Capital Management held 425 positions worth $1.62B, down 8.2% from $1.76B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Rivernorth Capital Management withdrew a net $274M in Q3 2020, closing 91 positions and reducing 86 holdings. Its most notable exit was Virtus Dividend, Interest & Premium Strategy Fund, an estimated $8.76M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.1% of assets, up from 5.7% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in First Eagle Senior Loan Fund worth $4.55M.

  • Rivernorth Capital Management's largest Q3 2020 buy was First Eagle Senior Loan Fund: 367,079 shares worth $4.55M.
  • Rivernorth Capital Management added most to Western Asset High Income Fund II in Q3 2020, an estimated $16.6M increase.
  • Rivernorth Capital Management's biggest Q3 2020 reduction was Golub Capital BDC, cutting an estimated $31.3M.
  • Rivernorth Capital Management fully exited Virtus Dividend, Interest & Premium Strategy Fund in Q3 2020, selling an estimated $8.76M.
  • Rivernorth Capital Management's ten largest holdings make up 30% of its $1.62B portfolio in Q3 2020.
  • Rivernorth Capital Management opened 161 new positions and closed 91 in Q3 2020.
  • Rivernorth Capital Management's portfolio value fell 8.2% quarter-over-quarter to $1.62B.

Based on Rivernorth Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.