RiverNorth Capital and Income Fund
18 hedge funds and large institutions have $23.3M invested in RiverNorth Capital and Income Fund in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 3 closing their positions.
4.22% more ownership
Funds ownership: 24.97% → 29.19% (+4.2%)
3% less capital invested
Capital invested by funds: $24.1M → $23.3M (-$834K)
5% less funds holding
Funds holding: 19 → 18 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.3M |
| 2 |
SBSB
Sullivan, Bruyette, Speros & Blaney
Mclean,
Virginia
|
+$213K |
| 3 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
+$174K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$74.3K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
+$59.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFG
DWM Financial Group
Palatine,
Illinois
|
-$2.13M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$377K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$281K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$204K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$188K |
RSF Hedge Fund Activity: Q3 2020 in Review
18 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in RiverNorth Capital and Income Fund (RSF) for Q3 2020, worth a combined $23.3M — down 3.5% from $24.1M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RSF and 2 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 5 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.3M. The largest seller was DWM Financial Group, exiting entirely with an estimated $2.13M sold.
- 18 institutional investors held RiverNorth Capital and Income Fund (RSF) as of Q3 2020, down from 19 in Q2 2020.
- Funds reported $23.3M of RiverNorth Capital and Income Fund stock for Q3 2020, down 3.5% quarter-over-quarter.
- 2 funds opened new RiverNorth Capital and Income Fund positions in Q3 2020 and 3 closed out, a net change of -1 holder.
- The largest RiverNorth Capital and Income Fund buyer in Q3 2020 was Karpus Investment Management, an estimated $2.3M added.
- The largest RiverNorth Capital and Income Fund seller in Q3 2020 was DWM Financial Group, an estimated $2.13M sold.
Based on aggregated 13F filings for Q3 2020.