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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
+9.74%
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
$1.68B
AUM Growth
+$69.2M
Cap. Flow
-$144M
Cap. Flow %
-8.56%
Top 10 Hldgs %
29%
Holding
496
New
163
Increased
49
Reduced
116
Closed
141

Top Buys

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$35.8M
2
NMCO icon
Nuveen Municipal Credit Opportunities Fund
NMCO
+$25.9M
3
VVR icon
Invesco Senior Income Trust
VVR
+$19.6M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$17M
5
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$16.2M

Top Sells

Rank Stock Value
1
EHI
Western Asset Global High Income Fund
EHI
+$53.9M
2
HIX
Western Asset High Income Fund II
HIX
+$28.4M
3
HIO
Western Asset High Income Opportunity Fund
HIO
+$20.8M
4
PHD
Pioneer Floating Rate Fund
PHD
+$15M
5
BFZ
BlackRock CA Municipal Income Trust
BFZ
+$14.6M

Sector Composition

Rank Sector Weight
1 Financials 11.15%
2 Healthcare 0.76%
3 Technology 0.75%
4 Consumer Discretionary 0.62%
5 Industrials 0.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAD icon
1
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$94.7M 5.62%
6,162,363
-46,695
-0.8% -$690K
NEA icon
2
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$93.9M 5.57%
6,216,679
+1,163,263
+23% +$17M
WIW
3
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$54.2M 3.22%
4,370,751
-25,186
-0.6% -$295K
BRW
4
Saba Capital Income & Opportunities Fund
BRW
$336M
$44.9M 2.67%
5,025,195
-1,121,108
-18% -$9.88M
EVV
5
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$41.9M 2.48%
3,339,990
-166,469
-5% -$2M
OBDC icon
6
Blue Owl Capital
OBDC
$5.34B
$35.7M 2.12%
+2,823,663
New +$35.8M
OCSL icon
7
Oaktree Specialty Lending
OCSL
$1.02B
$32.9M 1.95%
1,966,112
+25,251
+1% +$392K
VVR icon
8
Invesco Senior Income Trust
VVR
$457M
$29.5M 1.75%
7,422,256
+5,207,295
+235% +$19.6M
NMCO icon
9
Nuveen Municipal Credit Opportunities Fund
NMCO
$578M
$26.9M 1.6%
+2,075,528
New +$25.9M
JQC icon
10
Nuveen Credit Strategies Income Fund
JQC
$704M
$26.7M 1.58%
4,212,395
+896,478
+27% +$5.48M
BCSF icon
11
Bain Capital Specialty
BCSF
$806M
$26.2M 1.56%
2,160,905
+136,746
+7% +$1.52M
MYI icon
12
BlackRock MuniYield Quality Fund III
MYI
$709M
$26.1M 1.55%
1,803,410
-46,710
-3% -$643K
BBDC icon
13
Barings BDC
BBDC
$864M
$25.9M 1.54%
2,811,814
-1,064,336
-27% -$9.04M
VTA
14
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$25.7M 1.53%
2,394,274
+391,518
+20% +$3.86M
PDX
15
PIMCO Dynamic Income Strategy Fund
PDX
$955M
$23.8M 1.41%
2,943,936
+1,783,350
+154% +$12.9M
EVF
16
Eaton Vance Senior Income Trust
EVF
$90.3M
$23.5M 1.39%
3,692,326
+2,103,800
+132% +$12.9M
BWG
17
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$22.7M 1.35%
1,813,670
-72,141
-4% -$852K
GHY
18
PGIM Global High Yield Fund
GHY
$478M
$22.1M 1.31%
1,518,352
-650,944
-30% -$8.94M
EIM
19
Eaton Vance Municipal Bond Fund
EIM
$491M
$20.8M 1.23%
1,528,517
-152,316
-9% -$2.01M
AWF
20
AllianceBernstein Global High Income Fund
AWF
$870M
$20.8M 1.23%
1,765,870
+238,252
+16% +$2.62M
VGM icon
21
Invesco Trust Investment Grade Municipals
VGM
$548M
$20.5M 1.22%
1,550,620
+98,870
+7% +$1.26M
IIM icon
22
Invesco Value Municipal Income Trust
IIM
$589M
$18.3M 1.09%
1,169,145
+77,688
+7% +$1.18M
EFF
23
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$17.3M 1.03%
1,113,676
-124,640
-10% -$1.86M
HIO
24
Western Asset High Income Opportunity Fund
HIO
$336M
$17.2M 1.02%
3,475,663
-4,181,533
-55% -$20.8M
NAC icon
25
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
$16.9M 1.01%
1,118,086
-628,602
-36% -$9.32M
1
2 3 4 5

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Rivernorth Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Rivernorth Capital Management held 496 positions worth $1.68B, up 4.3% from $1.62B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $144M in Q4 2020, closing 141 positions and reducing 116 holdings. Its most notable exit was Western Asset Global High Income Fund, an estimated $53.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 8.1% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Blue Owl Capital worth $35.7M.

  • Rivernorth Capital Management's largest Q4 2020 buy was Blue Owl Capital: 2,823,663 shares worth $35.7M.
  • Rivernorth Capital Management added most to Invesco Senior Income Trust in Q4 2020, an estimated $19.6M increase.
  • Rivernorth Capital Management's biggest Q4 2020 reduction was Western Asset High Income Opportunity Fund, cutting an estimated $20.8M.
  • Rivernorth Capital Management fully exited Western Asset Global High Income Fund in Q4 2020, selling an estimated $53.9M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $1.68B portfolio in Q4 2020.
  • Rivernorth Capital Management opened 163 new positions and closed 141 in Q4 2020.
  • Rivernorth Capital Management's portfolio value rose 4.3% quarter-over-quarter to $1.68B.

Based on Rivernorth Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.