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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
VVR icon
201
Invesco Senior Income Trust
VVR
$454M
$39K 0.01%
10,607
-1,481,734
-99% -$5.75M
REUN
202
DELISTED
Reunion Neuroscience Inc. Common Shares
REUN
$20.7K 0.01%
30,000
– –
BRDS
203
DELISTED
Bird Global, Inc.
BRDS
$7K ﹤0.01%
1,000
– –
ACN icon
204
Accenture
ACN
$108B
– –
-3,373
Closed -$923K
AXP icon
205
American Express
AXP
$230B
– –
-1,526
Closed -$230K
BBAG icon
206
JPMorgan BetaBuilders US Aggregate Bond ETF
BBAG
$1B
– –
-73,366
Closed -$3.44M
BDX icon
207
Becton Dickinson
BDX
$48.2B
– –
-816
Closed -$206K
BKNG icon
208
Booking.com
BKNG
$161B
– –
-3,075
Closed -$272K
BLK icon
209
Blackrock
BLK
$176B
– –
-459
Closed -$346K
BN icon
210
Brookfield
BN
$108B
– –
-10,913
Closed -$246K
CBRE icon
211
CBRE Group
CBRE
$42.9B
– –
-5,046
Closed -$413K
CEFS icon
212
Saba Closed-End Funds ETF
CEFS
$433M
– –
-10,675
Closed -$192K
CMF icon
213
iShares California Muni Bond ETF
CMF
$4.62B
– –
-25,455
Closed -$1.45M
CVX icon
214
Chevron
CVX
$366B
– –
-3,959
Closed -$694K
DFAC icon
215
Dimensional US Core Equity 2 ETF
DFAC
$49.4B
– –
-8,710
Closed -$217K
DFAS icon
216
Dimensional US Small Cap ETF
DFAS
$15.7B
– –
-6,312
Closed -$331K
DFAT icon
217
Dimensional US Targeted Value ETF
DFAT
$14.7B
– –
-5,754
Closed -$260K
DFAX icon
218
Dimensional World ex US Core Equity 2 ETF
DFAX
$12.4B
– –
-10,896
Closed -$246K
DFEV icon
219
Dimensional Emerging Markets Value ETF
DFEV
$2.02B
– –
-25,838
Closed -$611K
DFIS icon
220
Dimensional International Small Cap ETF
DFIS
$6B
– –
-26,089
Closed -$585K
DFIV icon
221
Dimensional International Value ETF
DFIV
$21.6B
– –
-35,197
Closed -$1.11M
DFLV icon
222
Dimensional US Large Cap Value ETF
DFLV
$6.9B
– –
-32,305
Closed -$811K
DFSV
223
Dimensional US Small Cap Value ETF
DFSV
$8.34B
– –
-10,262
Closed -$263K
DHR icon
224
Danaher
DHR
$144B
– –
-1,118
Closed -$253K
FMB icon
225
First Trust Managed Municipal ETF
FMB
$2.06B
– –
-52,553
Closed -$2.67M
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.