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VCM

Vivaldi Capital Management Portfolio holdings

AUM $723M
1-Year Est. Return 30.89%
This Fund
S&P 500
This Quarter Est. Return
+8.55%
1 Year Est. Return
+30.89%
3 Year Est. Return
+69.18%
5 Year Est. Return
+67.82%
10 Year Est. Return
–
AUM
$331M
AUM Growth
-$72.4M
Cap. Flow
-$85.1M
Cap. Flow %
-25.73%
Top 10 Hldgs %
30.29%
Holding
255
New
13
Increased
41
Reduced
124
Closed
52

Top Buys

Rank Stock Value
1
SCHO icon
Schwab Short-Term US Treasury ETF
SCHO
+$9.89M
2
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$9.25M
3
KIO
KKR Income Opportunities Fund
KIO
+$2.57M
4
PML
PIMCO Municipal Income Fund II
PML
+$1.91M
5
MVT
BlackRock MuniVest Fund II
MVT
+$1.75M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.57M
2
IBTD
iShares iBonds Dec 2023 Term Treasury ETF
IBTD
+$5.85M
3
VVR icon
Invesco Senior Income Trust
VVR
+$5.75M
4
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$5.52M
5
LMBS icon
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
+$5.31M

Sector Composition

Rank Sector Weight
1 Real Estate 5.34%
2 Technology 5.29%
3 Financials 2.98%
4 Healthcare 2.92%
5 Consumer Discretionary 2.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLU icon
251
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
– –
-6,576
Closed -$235K
IBDO
252
DELISTED
iShares iBonds Dec 2023 Term Corporate ETF
IBDO
– –
-15,798
Closed -$396K
IBTD
253
DELISTED
iShares iBonds Dec 2023 Term Treasury ETF
IBTD
– –
-236,509
Closed -$5.85M
NBW
254
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
– –
-40,789
Closed -$464K
KLDW
255
DELISTED
Knowledge Leaders Developed World ETF
KLDW
– –
-50,439
Closed -$1.87M
7 8 9 10
11

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Vivaldi Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Vivaldi Capital Management held 255 positions worth $331M, down 18% from $403M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Vivaldi Capital Management withdrew a net $85.1M in Q1 2023, closing 52 positions and reducing 124 holdings. Its most notable exit was iShares iBonds Dec 2023 Term Treasury ETF, an estimated $5.85M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 5.3% of assets, up from 4.4% a quarter earlier, followed by Technology and Financials.

Against the trend, Vivaldi Capital Management opened a new position in KKR Income Opportunities Fund worth $2.5M.

  • Vivaldi Capital Management's largest Q1 2023 buy was KKR Income Opportunities Fund: 227,893 shares worth $2.5M.
  • Vivaldi Capital Management added most to Schwab Short-Term US Treasury ETF in Q1 2023, an estimated $9.89M increase.
  • Vivaldi Capital Management's biggest Q1 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $9.57M.
  • Vivaldi Capital Management fully exited iShares iBonds Dec 2023 Term Treasury ETF in Q1 2023, selling an estimated $5.85M.
  • Vivaldi Capital Management's ten largest holdings make up 30% of its $331M portfolio in Q1 2023.
  • Vivaldi Capital Management opened 13 new positions and closed 52 in Q1 2023.
  • Vivaldi Capital Management's portfolio value fell 18% quarter-over-quarter to $331M.

Based on Vivaldi Capital Management's 13F filing for Q1 2023, filed 12 May 2023.