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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
+2.06%
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
$1.67B
AUM Growth
-$17.3M
Cap. Flow
-$148M
Cap. Flow %
-8.89%
Top 10 Hldgs %
31.26%
Holding
591
New
236
Increased
60
Reduced
68
Closed
133

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$46.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$14.7M
3
HIO
Western Asset High Income Opportunity Fund
HIO
+$10.6M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$8.71M
5
EIM
Eaton Vance Municipal Bond Fund
EIM
+$8.12M

Top Sells

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$36.1M
2
NMCO icon
Nuveen Municipal Credit Opportunities Fund
NMCO
+$26.9M
3
BCSF icon
Bain Capital Specialty
BCSF
+$26.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$20.3M
5
NUM
Nuveen Michigan Quality Municipal Income Fund
NUM
+$16.9M

Sector Composition

Rank Sector Weight
1 Financials 8%
2 Healthcare 0.99%
3 Consumer Discretionary 0.78%
4 Technology 0.76%
5 Industrials 0.64%
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
$139M 8.33%
9,366,718
+3,150,039
+51% +$46.7M
NAD icon
2
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$95.1M 5.71%
6,282,950
+120,587
+2% +$1.82M
BRW
3
Saba Capital Income & Opportunities Fund
BRW
$336M
$53.3M 3.2%
5,740,600
+715,405
+14% +$6.53M
WIW
4
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$46.5M 2.79%
3,825,753
-544,998
-12% -$6.7M
OCSL icon
5
Oaktree Specialty Lending
OCSL
$1.02B
$37.7M 2.26%
2,026,443
+60,331
+3% +$1.09M
VTA
6
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$29.8M 1.79%
2,621,719
+227,445
+9% +$2.51M
VVR icon
7
Invesco Senior Income Trust
VVR
$457M
$29.6M 1.78%
7,057,029
-365,227
-5% -$1.52M
MYI icon
8
BlackRock MuniYield Quality Fund III
MYI
$714M
$28.8M 1.73%
2,022,974
+219,564
+12% +$3.12M
HIO
9
Western Asset High Income Opportunity Fund
HIO
$336M
$28.5M 1.71%
5,612,851
+2,137,188
+61% +$10.6M
EIM
10
Eaton Vance Municipal Bond Fund
EIM
$494M
$28.5M 1.71%
2,140,314
+611,797
+40% +$8.12M
PDX
11
PIMCO Dynamic Income Strategy Fund
PDX
$945M
$26.9M 1.61%
2,597,766
-346,170
-12% -$3.34M
EVF
12
Eaton Vance Senior Income Trust
EVF
$90.1M
$26.1M 1.57%
3,935,046
+242,720
+7% +$1.6M
NAC icon
13
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
$25.3M 1.52%
1,703,282
+585,196
+52% +$8.71M
IIM icon
14
Invesco Value Municipal Income Trust
IIM
$590M
$22.5M 1.35%
1,437,292
+268,147
+23% +$4.2M
EVV
15
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$21.8M 1.31%
1,728,858
-1,611,132
-48% -$20.3M
NCZ
16
Virtus Convertible & Income Fund II
NCZ
$294M
$21.3M 1.28%
1,071,627
+258,509
+32% +$5.25M
VGM icon
17
Invesco Trust Investment Grade Municipals
VGM
$548M
$20.8M 1.25%
1,542,334
-8,286
-0.5% -$110K
JQC icon
18
Nuveen Credit Strategies Income Fund
JQC
$705M
$19.4M 1.16%
2,984,934
-1,227,461
-29% -$7.88M
EFF
19
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$17M 1.02%
1,042,971
-70,705
-6% -$1.12M
BGB
20
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$16.9M 1.01%
1,268,183
-61,122
-5% -$801K
BWG
21
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$129M
$16.5M 0.99%
1,368,274
-445,396
-25% -$5.49M
GHY
22
PGIM Global High Yield Fund
GHY
$476M
$16.5M 0.99%
1,102,674
-415,678
-27% -$6.12M
CPZ
23
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$259M
$16.4M 0.98%
813,145
+42,099
+5% +$785K
KMF
24
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$15.9M 0.95%
2,388,038
+329,164
+16% +$2.1M
BBDC icon
25
Barings BDC
BBDC
$864M
$15.7M 0.94%
1,569,817
-1,241,997
-44% -$11.8M
1
2 3 4 5

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Rivernorth Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Rivernorth Capital Management held 591 positions worth $1.67B, down 1% from $1.68B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $148M in Q1 2021, closing 133 positions and reducing 68 holdings. Its most notable exit was Nuveen Municipal Credit Opportunities Fund, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 11% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniHoldings Fund worth $14.6M.

  • Rivernorth Capital Management's largest Q1 2021 buy was BlackRock MuniHoldings Fund: 911,692 shares worth $14.6M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q1 2021, an estimated $46.7M increase.
  • Rivernorth Capital Management's biggest Q1 2021 reduction was Blue Owl Capital, cutting an estimated $36.1M.
  • Rivernorth Capital Management fully exited Nuveen Municipal Credit Opportunities Fund in Q1 2021, selling an estimated $26.9M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.67B portfolio in Q1 2021.
  • Rivernorth Capital Management opened 236 new positions and closed 133 in Q1 2021.
  • Rivernorth Capital Management's portfolio value fell 1% quarter-over-quarter to $1.67B.

Based on Rivernorth Capital Management's 13F filing for Q1 2021, filed 17 May 2021.