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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
SPYM
1
State Street SPDR Portfolio S&P 500 ETF
SPYM
$161B
$15.3M 4.63%
317,716
-30,304
-9% -$1.42M
SCHO icon
2
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
$13.4M 4.05%
548,572
+408,210
+291% +$9.89M
SHY icon
3
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
$12.8M 3.86%
155,551
+113,444
+269% +$9.25M
SPDW icon
4
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$40.2B
$12.5M 3.76%
387,646
-61,523
-14% -$1.94M
AOMR
5
Angel Oak Mortgage REIT
AOMR
$220M
$11.2M 3.4%
1,539,945
-52,356
-3% -$387K
AAPL icon
6
Apple
AAPL
$4.54T
$9.22M 2.79%
55,918
-6,592
-11% -$973K
SPY icon
7
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$7.34M 2.22%
17,918
-23,998
-57% -$9.57M
IVV icon
8
iShares Core S&P 500 ETF
IVV
$878B
$6.3M 1.9%
15,313
-5,320
-26% -$2.13M
IAU icon
9
iShares Gold Trust
IAU
$62.9B
$6.28M 1.9%
167,995
-3,978
-2% -$143K
ISD
10
PGIM High Yield Bond Fund
ISD
$415M
$5.9M 1.78%
483,813
-1,558
-0.3% -$19.4K
VTI icon
11
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$5.85M 1.77%
28,642
+263
+0.9% +$52.6K
GLPI icon
12
Gaming and Leisure Properties
GLPI
$12.7B
$5.82M 1.76%
111,724
+1,000
+0.9% +$52.2K
DVY icon
13
iShares Select Dividend ETF
DVY
$23.5B
$5.46M 1.65%
46,568
-1,761
-4% -$213K
TSLA icon
14
Tesla
TSLA
$1.23T
$5.39M 1.63%
25,991
+314
+1% +$54.8K
SCHX icon
15
Schwab US Large- Cap ETF
SCHX
$71.8B
$5.34M 1.61%
331,173
+6,984
+2% +$110K
SPSM icon
16
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.1B
$5M 1.51%
132,462
-26,241
-17% -$1.02M
LMBS icon
17
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.35B
$4.69M 1.42%
97,897
-110,979
-53% -$5.31M
MSFT icon
18
Microsoft
MSFT
$3.45T
$4.64M 1.4%
16,111
-8,384
-34% -$2.14M
SPMD icon
19
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.2B
$4.63M 1.4%
105,481
-24,554
-19% -$1.1M
SPTS icon
20
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.1B
$4.63M 1.4%
158,276
-53,526
-25% -$1.55M
NTRL
21
First Trust Equity Market Neutral ETF
NTRL
$16.3M
$4.63M 1.4%
229,910
-80,888
-26% -$1.62M
MUI
22
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$4.42M 1.34%
378,625
-14,741
-4% -$171K
SCHF icon
23
Schwab International Equity ETF
SCHF
$66.6B
$4.39M 1.33%
252,456
-176
-0.1% -$3.01K
GLD icon
24
SPDR Gold Trust
GLD
$131B
$4.37M 1.32%
23,878
-515
-2% -$90.6K
BGB
25
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$4.33M 1.31%
406,165
+2,346
+0.6% +$25.6K
1
2 3 4 5

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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.