DOSSIER · 13F-HR · Q1 2026

Vivaldi Capital Management LP

$723M in tracked AUM across 290 positions as of Q1 2026.

VC
CIK 0001682021 · last filed Mar 31, 2026
Total AUM
$723M
as of Q1 2026
Holdings
290
positions
Whale Score
50
50
tracked
Activity
no data
changes this Q
AI Analysis · Q1 2026

Vivaldi Capital Management LP entered Q1 2026 with a $723M, 290-name 13F whose defining characteristic is a high-conviction single-stock anchor: Apple (AAPL, 5.2%, $37.6M) leads the book, followed by Applied Materials (AMAT, 3.9%, $28.2M) and Nvidia (NVDA, 2.9%, $20.9M) — a trio of mega-cap technology names that together represent 12.0% of the portfolio and anchor a deliberate AI and semiconductor supply-chain thesis. Eight names added and ten exited in Q1 2026 alongside 23 increased positions and 15 decreased positions — the manager was actively rebalancing its tech-and-industrial sleeve while maintaining the AAPL/AMAT core conviction. With 290 holdings averaging $2.5M per position, whaleScore of 52.25 reflecting genuine concentration density in the top names, and a structure that uses single-stock selection as its primary expression layer with just two ETFs (SPYM and SPDW) as supplementary beta vehicles, this fund reads as an active large-cap quality-and-growth allocator — not a passive product.

AAPL at 5.2% ($37.6M) and AMAT at 3.9% ($28.2M) together represent $65.8M in the book's two largest positions — Apple for its ecosystem services, margin resilience, and capital-return program; AMAT for its exposure to semiconductor capital equipment (etch, deposition, inspection) and the AI-driven semiconductor buildout. Holding both simultaneously at meaningful weights is coherent: the manager is betting on both (a) the consumer-facing AI platform layer (Apple Intelligence, services ecosystem) and (b) the industrial AI buildout layer (semiconductor manufacturing equipment). These two names are uncorrelated to a meaningful degree — Apple trades on consumer demand and services growth; AMAT trades on fab equipment cycles and chip manufacturing CapEx. Together they give the portfolio exposure to both sides of the AI investment chain.

NVDA at 2.9% ($20.9M) provides a third AI-related exposure — the GPU/compute layer. The three positions together represent the full AI infrastructure stack (compute, equipment, platform) at 12% of the book.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
AAPL
APPLE INC
$37M147K5.2%
02
AMAT
APPLIED MATLS INC
$28M83K3.9%
03
SPYM
SPDR SERIES TRUST
$28M363K3.8%
04
SPDW
SPDR INDEX SHS FDS
$24M516K3.3%
05
NVDA
NVIDIA CORPORATION
$21M120K2.9%
06
GOOGL
ALPHABET INC
$20M69K2.7%
07
BWA
BORGWARNER INC
$19M343K2.6%
08
BK
BANK NEW YORK MELLON CORP
$18M153K2.5%
09
GBIL
GOLDMAN SACHS ETF TR
$17M174K2.4%
10
SLV
ISHARES SILVER TR
$17M255K2.4%

Filing history

2026Q1Mar 31
$723M 1.6%
290 positionsView →
2025Q4Dec 31
$735M 4.0%
278 positionsView →
2025Q3Sep 30
$707M 6.2%
279 positionsView →
2025Q2Jun 30
$666M 7.3%
296 positionsLocked
2025Q1Mar 31
$621M 4.8%
283 positionsLocked
2024Q4Dec 31
$652M 89.4%
287 positionsLocked
2024Q3Sep 30
$344M 1.9%
226 positionsLocked
2024Q2Jun 30
$351M 2.4%
229 positionsLocked
2024Q1Mar 31
$343M 2.8%
220 positionsLocked
2023Q4Dec 31
$333M 9.0%
219 positionsLocked
2023Q3Sep 30
$306M 5.7%
193 positionsLocked
2023Q2Jun 30
$324M 1.9%
200 positionsLocked
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