13F HOLDINGS REPORT

Matisse Capital

Quarter ended Q1 2025 · Filed April 24, 2025 · Accession 0001668256-25-000003

Total Value

$189.6M

Positions

196

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (196)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	APPLE INC	AAPL	39,660	$8.8M	4.65%
2	ISHARES TR	46434V621	115,064	$7.1M	3.75%
3	MICROSOFT CORP	MSFT	16,966	$6.4M	3.36%
4	ASCENDIS PHARMA A/S	ASND	29,674	$4.6M	2.44%
5	SPROUTS FMRS MKT INC	85208M102	20,668	$3.2M	1.66%
6	BNY MELLON MUN BD INFRASTRUC	09662W109	262,000	$2.8M	1.46%
7	VANGUARD BD INDEX FDS	921937819	32,732	$2.5M	1.32%
8	AMAZON COM INC	AMZN	13,105	$2.5M	1.31%
9	VANGUARD INDEX FDS	922908595	9,554	$2.4M	1.27%
10	ALPHABET INC	GOOG	15,379	$2.4M	1.25%
11	DESTRA MULTI-ALTERNATIVE FD	25065A502	268,000	$2.3M	1.20%
12	LAM RESEARCH CORP	LRCX	29,170	$2.1M	1.12%
13	TEMPLETON DRAGON FD INC	88018T101	210,000	$2.0M	1.07%
14	WESTERN AST INFL LKD OPP & I	95766R104	230,000	$2.0M	1.07%
15	HIGHLAND GLOBAL ALLOCATION F	HGLB	240,000	$2.0M	1.05%
16	VANGUARD INDEX FDS	922908611	10,652	$2.0M	1.05%
17	BLACKROCK MUN TARGET TERM TR	BLK	90,000	$1.9M	1.01%
18	PIMCO CALIF MUN INCOME FD II	72200M108	337,523	$1.9M	1.00%
19	SRH TOTAL RETURN FUND INC	STEW	110,000	$1.9M	1.00%
20	META PLATFORMS INC	META	3,291	$1.9M	1.00%
21	HIGHLAND OPPS & INCOME FD	HFRO-PB	360,000	$1.9M	0.99%
22	MEXICO FD INC	592835102	130,000	$1.8M	0.98%
23	JAPAN SMALLER CAPITALIZATION	JOF	220,000	$1.8M	0.97%
24	MORGAN STANLEY CHINA A SH FD	MS-PQ	140,000	$1.8M	0.97%
25	CENTRAL SECS CORP	155123102	40,000	$1.8M	0.95%
26	PIMCO NEW YORK MUN FD II	72200Y102	250,000	$1.8M	0.93%
27	ABRDN NATL MUN INCOME FD	24610T108	170,000	$1.7M	0.91%
28	PIMCO NEW YORK MUN INCOME FD	72200T103	230,000	$1.7M	0.91%
29	COSTCO WHSL CORP NEW	22160K105	1,806	$1.7M	0.90%
30	MORGAN STANLEY EMERGING MKTS	MS-PQ	361,421	$1.7M	0.90%
31	PUTNAM MUN OPPORTUNITIES TR	746922103	166,367	$1.7M	0.89%
32	BNY MELLON STRATEGIC MUNS IN	05588W108	273,100	$1.7M	0.88%
33	RIVERNORTH DOUBLELINE STRATE	OPP-PC	188,013	$1.6M	0.85%
34	TORTOISE SUSTAINABLE & SOCIA	27901F109	140,000	$1.6M	0.84%
35	NEUBERGER BERMAN NEXT GENERA	NBXG	129,790	$1.6M	0.84%
36	NEXPOINT DIVERSIFIED REL ET	65340G205	412,898	$1.6M	0.83%
37	FLAHERTY & CRUMRINE PFD INCO	33848E106	170,775	$1.6M	0.83%
38	CLOUGH GLOBAL OPPORTUNITIES	GLO	313,202	$1.5M	0.81%
39	BROOKFIELD REAL ASSETS INCOM	RA	115,000	$1.5M	0.80%
40	FLAHERTY & CRUMRINE PFD INCO	338480106	134,805	$1.5M	0.80%
41	TAIWAN FD INC	874036106	45,000	$1.5M	0.79%
42	NEUBERGER BERMAN MUN FD INC	64124P101	135,900	$1.4M	0.75%
43	EATON CORP PLC	ETN	5,145	$1.4M	0.74%
44	ISHARES TR	464288281	14,300	$1.3M	0.68%
45	EUROPEAN EQUITY FD INC	298768102	141,440	$1.3M	0.68%
46	DIMENSIONAL ETF TRUST	25434V781	44,100	$1.3M	0.68%
47	TEMPLETON DRAGON FD INC	88018T101	132,000	$1.3M	0.68%
48	FLAHERTY & CRUMRINE TOTAL RE	FLC	76,304	$1.3M	0.68%
49	CLOUGH GLOBAL DIVID & INCOME	18913Y103	233,608	$1.3M	0.67%
50	VISA INC	V	3,638	$1.3M	0.67%
51	HIGHLAND GLOBAL ALLOCATION F	HGLB	153,000	$1.3M	0.67%
52	BLACKROCK MUNIYIELD MICH QU	BLK	110,749	$1.3M	0.66%
53	EXXON MOBIL CORP	XOM	10,534	$1.3M	0.66%
54	BRANDYWINEGBL GBL INCM OPP F	10537L104	149,900	$1.3M	0.66%
55	MORGAN STANLEY CHINA A SH FD	MS-PQ	93,000	$1.2M	0.64%
56	SRH TOTAL RETURN FUND INC	STEW	70,000	$1.2M	0.64%
57	JAPAN SMALLER CAPITALIZATION	JOF	142,000	$1.2M	0.63%
58	AECOM	ACM	12,611	$1.2M	0.62%
59	HIGHLAND OPPS & INCOME FD	HFRO-PB	223,387	$1.2M	0.61%
60	MEXICO EQUITY & INCOME FD	592834105	132,000	$1.2M	0.61%
61	JPMORGAN CHASE & CO.	VYLD	4,631	$1.1M	0.60%
62	BLACKROCK MUNIHLDGS NJ QLTY	BLK	100,700	$1.1M	0.60%
63	DESTRA MULTI-ALTERNATIVE FD	25065A502	127,307	$1.1M	0.57%
64	DIMENSIONAL ETF TRUST	25434V740	39,760	$1.1M	0.57%
65	PROCEPT BIOROBOTICS CORP	PRCT	18,320	$1.1M	0.56%
66	MEXICO FD INC	592835102	75,000	$1.1M	0.56%
67	SCHWAB CHARLES CORP	SCHW-PJ	13,270	$1.0M	0.55%
68	ELEVANCE HEALTH INC	ELV	2,350	$1.0M	0.54%
69	TRACTOR SUPPLY CO	TSCO	18,290	$1.0M	0.53%
70	ISHARES TR	464287234	22,990	$1.0M	0.53%
71	TAIWAN FD INC	874036106	30,000	$996,300	0.53%
72	TORTOISE SUSTAINABLE & SOCIA	27901F109	87,000	$988,320	0.52%
73	NEXPOINT DIVERSIFIED REL ET	65340G205	253,019	$969,063	0.51%
74	SOFI TECHNOLOGIES INC	SOFI	81,045	$942,553	0.50%
75	WALMART INC	WMT	10,617	$932,066	0.49%
76	CLOUGH GLOBAL OPPORTUNITIES	GLO	190,000	$929,100	0.49%
77	MEXICO EQUITY & INCOME FD	592834105	105,827	$922,811	0.49%
78	MFS HIGH YIELD MUN TR	59318E102	262,208	$915,106	0.48%
79	CENTRAL SECS CORP	155123102	20,000	$899,200	0.47%
80	BERKSHIRE HATHAWAY INC DEL	BRK-A	1,676	$892,604	0.47%
81	BLACKROCK INC	BLK	943	$892,550	0.47%
82	VERONA PHARMA PLC	925050106	13,794	$875,781	0.46%
83	BLACKROCK MUNIHLDNGS CALI QL	BLK	78,600	$841,806	0.44%
84	PIMCO NEW YORK MUN INCOME FD	72201E105	143,602	$809,915	0.43%
85	CHINA FD INC	169373107	62,882	$807,405	0.43%
86	NVIDIA CORPORATION	NVDA	7,367	$798,435	0.42%
87	JOHNSON CTLS INTL PLC	G51502105	9,705	$777,468	0.41%
88	STERIS PLC	STE	3,397	$769,930	0.41%
89	NETAPP INC	NTAP	8,699	$764,120	0.40%
90	MORGAN STANLEY INDIA INVT FD	MS-PQ	30,250	$737,798	0.39%
91	CLEARBRIDGE ENERGY MIDSTRM O	18469P209	14,835	$736,113	0.39%
92	MASTERCARD INCORPORATED	MA	1,329	$728,451	0.38%
93	QUALCOMM INC	QCOM	4,727	$726,114	0.38%
94	LOWES COS INC	548661107	3,098	$722,547	0.38%
95	FISERV INC	FISV	3,248	$717,256	0.38%
96	BLACKROCK N Y MUN INCOME TRU	BLK	69,921	$711,097	0.38%
97	VANGUARD WORLD FD	92204A405	5,871	$701,408	0.37%
98	ARS PHARMACEUTICALS INC	SPRY	55,714	$700,882	0.37%
99	FEDEX CORP	FDX	2,843	$693,067	0.37%
100	ANALOG DEVICES INC	ADI	3,416	$688,905	0.36%
101	MFS INVT GRADE MUN TR	59318B108	86,381	$684,138	0.36%
102	ISHARES TR	46435G326	9,714	$669,166	0.35%
103	GABELLI HLTHCARE & WELLNESS	36246K103	63,981	$644,928	0.34%
104	NIKE INC	NKE	10,060	$638,609	0.34%
105	PIMCO CALIF MUN INCOME FD	72200N106	71,705	$634,589	0.33%
106	VANGUARD INDEX FDS	922908363	1,217	$625,238	0.33%
107	VANGUARD TAX-MANAGED FDS	921943858	12,113	$615,704	0.32%
108	DEERE & CO	DE	1,280	$600,768	0.32%
109	VANECK ETF TRUST	92189H300	24,900	$594,114	0.31%
110	TAIWAN SEMICONDUCTOR MFG LTD	874039100	3,561	$591,126	0.31%
111	WISDOMTREE TR	WT	11,518	$556,435	0.29%
112	BNY MELLON MUN BD INFRASTRUC	09662W109	52,245	$552,230	0.29%
113	VIRTUS GLOBAL MULTI-SECTOR I	VGI	71,295	$551,645	0.29%
114	UNION PAC CORP	UNP	2,291	$541,226	0.29%
115	CHINA FD INC	169373107	42,023	$539,575	0.28%
116	HOME DEPOT INC	HD	1,421	$520,782	0.27%
117	SPDR S&P 500 ETF TR	SPY	928	$518,963	0.27%
118	NUTRIEN LTD	NTR	10,256	$509,416	0.27%
119	LOCKHEED MARTIN CORP	LMT	1,133	$506,122	0.27%
120	STARBUCKS CORP	SBUX	5,078	$498,101	0.26%
121	CENTRAL & EASTERN EUROPE FD	153436100	33,995	$490,548	0.26%
122	LINCOLN NATL CORP IND	534187109	13,500	$484,785	0.26%
123	UNITEDHEALTH GROUP INC	UNH	911	$477,136	0.25%
124	GABELLI GLOBAL SMALL & MID C	GGZ	39,727	$476,724	0.25%
125	US BANCORP DEL	USB-PS	10,783	$455,258	0.24%
126	MATTHEWS ASIA FDS	577125826	15,928	$445,665	0.24%
127	WESTERN ASST INFLTN LKD INM	95766Q106	53,254	$444,405	0.23%
128	EUROPEAN EQUITY FD INC	298768102	46,630	$424,333	0.22%
129	ISHARES TR	46435U556	13,291	$418,005	0.22%
130	INVESCO QQQ TR	IVZ	848	$397,696	0.21%
131	NUVEEN PENNSYLVANIA QLT MUN	NU	34,440	$386,417	0.20%
132	GABELLI GLOBAL SMALL & MID C	GGZ	32,122	$385,464	0.20%
133	FLAHERTY & CRUMRINE PFD SECS	338478100	23,907	$380,839	0.20%
134	ABRDN EMERGING MARKETS EX CH	AEF	76,346	$378,676	0.20%
135	ISHARES TR	464287598	2,009	$377,983	0.20%
136	CHEVRON CORP NEW	CVX	2,180	$364,659	0.19%
137	TEMPLETON EMERGING MKTS FD	880191101	27,800	$357,230	0.19%
138	MATTHEWS ASIA FDS	577125818	11,700	$342,927	0.18%
139	PALANTIR TECHNOLOGIES INC	PLTR	4,000	$337,600	0.18%
140	CLOUGH GLOBAL EQUITY FD	18914C100	53,450	$336,200	0.18%
141	INTERACTIVE BROKERS GROUP IN	45841N107	2,000	$331,180	0.17%
142	ISHARES TR	464287614	907	$327,509	0.17%
143	ETF SER SOLUTIONS	26922A420	4,383	$326,665	0.17%
144	VANGUARD INTL EQUITY INDEX F	922042858	7,107	$321,663	0.17%
145	INTEL CORP	INTC	13,985	$317,599	0.17%
146	VANGUARD SCOTTSDALE FDS	92206C409	4,000	$315,760	0.17%
147	FRANKLIN TEMPLETON ETF TR	FGDL	15,600	$315,432	0.17%
148	KOREA FD INC	500634209	15,764	$314,650	0.17%
149	DIMENSIONAL ETF TRUST	25434V708	9,403	$310,208	0.16%
150	CISCO SYS INC	CSCO	5,011	$309,205	0.16%
151	DIMENSIONAL ETF TRUST	25434V864	6,500	$308,880	0.16%
152	J P MORGAN EXCHANGE TRADED F	46641Q159	6,700	$308,669	0.16%
153	WESTERN ASSET MANAGED MUNS F	95766M105	29,650	$305,099	0.16%
154	DIMENSIONAL ETF TRUST	25434V872	7,200	$302,832	0.16%
155	ISHARES TR	464287200	538	$302,302	0.16%
156	JOHNSON & JOHNSON	JNJ	1,820	$301,887	0.16%
157	VANGUARD INDEX FDS	922908736	804	$298,139	0.16%
158	BLACKROCK VA MUN BD TR	BLK	26,646	$283,780	0.15%
159	FULCRUM THERAPEUTICS INC	FULC	96,717	$278,545	0.15%
160	PROCTER AND GAMBLE CO	742718109	1,633	$278,296	0.15%
161	INVESCO QUALITY MUN INCOME T	IVZ	28,645	$277,284	0.15%
162	DIMENSIONAL ETF TRUST	25434V807	7,000	$275,520	0.15%
163	VANGUARD INDEX FDS	922908769	995	$273,466	0.14%
164	GENERAL DYNAMICS CORP	GD	1,000	$272,580	0.14%
165	DIMENSIONAL ETF TRUST	25434V302	10,438	$270,240	0.14%
166	VANGUARD INTL EQUITY INDEX F	922042718	2,337	$270,157	0.14%
167	MFS HIGH INCOME MUN TR	59318D104	73,090	$269,702	0.14%
168	GENERAL AMERN INVS CO INC	368802104	5,300	$266,961	0.14%
169	NETFLIX INC	NFLX	280	$261,108	0.14%
170	ILLINOIS TOOL WKS INC	452308109	1,000	$248,010	0.13%
171	BANK NEW YORK MELLON CORP	064058100	2,940	$246,578	0.13%
172	VANGUARD INTL EQUITY INDEX F	922042742	2,085	$241,756	0.13%
173	GABELLI HLTHCARE & WELLNESS	36246K103	23,144	$233,292	0.12%
174	WESTERN ASSET EMERGING MKTS	95766A101	23,226	$229,705	0.12%
175	BLACKROCK MUN TARGET TERM TR	BLK	10,739	$227,989	0.12%
176	SCHWAB STRATEGIC TR	808524409	8,503	$225,998	0.12%
177	VANGUARD WORLD FD	92204A702	412	$223,580	0.12%
178	VANGUARD INDEX FDS	922908751	996	$220,863	0.12%
179	ROYCE GLOBAL TRUST INC	RGT	20,443	$214,652	0.11%
180	TEMPLETON EMERGING MKTS FD	880191101	16,630	$213,696	0.11%
181	INTUITIVE SURGICAL INC	ISRG	423	$209,499	0.11%
182	ABRDN EMERGING MARKETS EX CH	AEF	40,629	$201,520	0.11%
183	BNY MELLON STRATEGIC MUN BD	09662E109	32,630	$188,275	0.10%
184	MORGAN STANLEY INDIA INVT FD	MS-PQ	7,700	$187,803	0.10%
185	ROYCE GLOBAL TRUST INC	RGT	12,499	$131,240	0.07%
186	CLOUGH GLOBAL EQUITY FD	18914C100	20,033	$126,008	0.07%
187	KOREA FD INC	500634209	5,946	$118,682	0.06%
188	PIMCO CALIF MUN INCOME FD II	72200M108	20,981	$118,333	0.06%
189	ALLSPRING GLOBAL DIVIDEND OP	EOD	20,711	$102,519	0.05%
190	WAVE LIFE SCIENCES LTD	WVE	12,633	$102,075	0.05%
191	PIMCO CALIF MUN INCOME FD II	72201C109	14,833	$96,711	0.05%
192	ENERGY FUELS INC	UUUU	16,503	$61,556	0.03%
193	CLOUGH GLOBAL DIVID & INCOME	18913Y103	7,987	$43,649	0.02%
194	ALLSPRING GLOBAL DIVIDEND OP	EOD	6,800	$33,660	0.02%
195	PIMCO CALIF MUN INCOME FD	72200N106	1,747	$15,461	0.01%
196	WESTERN AST INFL LKD OPP & I	95766R104	533	$4,685	0.00%