13F HOLDINGS REPORT

Matisse Capital

Quarter ended Q2 2025 · Filed July 23, 2025 · Accession 0001668256-25-000005

Total Value

$211.5M

Positions

198

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (198)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	APPLE INC	AAPL	39,181	$8.0M	3.80%
2	MICROSOFT CORP	MSFT	15,523	$7.7M	3.65%
3	ISHARES TR	46434V621	115,133	$7.4M	3.48%
4	ASCENDIS PHARMA A/S	ASND	27,942	$4.8M	2.28%
5	SPROUTS FMRS MKT INC	85208M102	20,042	$3.3M	1.56%
6	AMAZON COM INC	AMZN	13,395	$2.9M	1.39%
7	BNY MELLON MUN BD INFRASTRUC	09662W109	261,820	$2.7M	1.26%
8	VANGUARD INDEX FDS	922908595	9,554	$2.6M	1.25%
9	ALPHABET INC	GOOG	14,776	$2.6M	1.23%
10	VANGUARD BD INDEX FDS	921937819	32,732	$2.5M	1.20%
11	META PLATFORMS INC	META	3,291	$2.4M	1.15%
12	LAM RESEARCH CORP	LRCX	24,670	$2.4M	1.14%
13	DESTRA MULTI-ALTERNATIVE FD	25065A502	268,000	$2.3M	1.11%
14	TAIWAN FD INC	874036106	52,000	$2.3M	1.10%
15	MEXICO FD INC	592835102	130,000	$2.3M	1.08%
16	CHINA FD INC	169373107	150,000	$2.2M	1.06%
17	NEXPOINT DIVERSIFIED REL ET	65340G205	513,397	$2.2M	1.02%
18	TEMPLETON DRAGON FD INC	88018T101	210,000	$2.1M	0.99%
19	HIGHLAND GLOBAL ALLOCATION F	HGLB	240,000	$2.1M	0.99%
20	VANGUARD INDEX FDS	922908611	10,652	$2.1M	0.98%
21	WESTERN AST INFL LKD OPP & I	95766R104	230,000	$2.0M	0.95%
22	HIGHLAND OPPS & INCOME FD	HFRO-PB	386,000	$2.0M	0.95%
23	BLACKROCK MUN TARGET TERM TR	BLK	90,000	$2.0M	0.93%
24	SRH TOTAL RETURN FUND INC	STEW	110,000	$1.9M	0.92%
25	PIMCO CALIF MUN INCOME FD II	72201C109	310,000	$1.9M	0.91%
26	MORGAN STANLEY CHINA A SH FD	MS-PQ	140,000	$1.9M	0.91%
27	CENTRAL SECS CORP	155123102	40,000	$1.9M	0.91%
28	NEUBERGER BERMAN NEXT GENERA	NBXG	129,790	$1.9M	0.90%
29	COSTCO WHSL CORP NEW	22160K105	1,913	$1.9M	0.90%
30	EATON CORP PLC	ETN	5,145	$1.8M	0.87%
31	MORGAN STANLEY EMERGING MKTS	MS-PQ	355,711	$1.8M	0.86%
32	PIMCO CALIF MUN INCOME FD II	72200M108	337,523	$1.8M	0.86%
33	KAYNE ANDERSON ENERGY INFRST	486606106	139,686	$1.8M	0.84%
34	PIMCO NEW YORK MUN FD II	72200Y102	257,835	$1.7M	0.82%
35	TORTOISE SUSTAINABLE & SOCIA	27901F109	140,000	$1.7M	0.81%
36	CLOUGH GLOBAL OPPORTUNITIES	GLO	306,075	$1.7M	0.79%
37	PIMCO NEW YORK MUN INCOME FD	72200T103	236,000	$1.6M	0.78%
38	PUTNAM MUN OPPORTUNITIES TR	746922103	166,367	$1.6M	0.78%
39	ABRDN NATL MUN INCOME FD	24610T108	170,000	$1.6M	0.78%
40	BNY MELLON STRATEGIC MUNS IN	05588W108	273,100	$1.6M	0.76%
41	FLAHERTY & CRUMRINE PFD INCO	33848E106	170,775	$1.6M	0.75%
42	FLAHERTY & CRUMRINE PFD INCO	338480106	134,805	$1.5M	0.72%
43	DIMENSIONAL ETF TRUST	25434V781	44,100	$1.5M	0.69%
44	EUROPEAN EQUITY FD INC	298768102	141,440	$1.4M	0.68%
45	TAIWAN FD INC	874036106	32,000	$1.4M	0.68%
46	ROYCE GLOBAL TRUST INC	RGT	118,469	$1.4M	0.67%
47	AECOM	ACM	12,611	$1.4M	0.67%
48	CHINA FD INC	169373107	93,000	$1.4M	0.65%
49	MEXICO EQUITY & INCOME FD	592834105	132,000	$1.4M	0.65%
50	SOFI TECHNOLOGIES INC	SOFI	75,310	$1.4M	0.65%
51	FEDERATED HERMES PREM MUNI I	FHI	128,431	$1.4M	0.65%
52	NVIDIA CORPORATION	NVDA	8,649	$1.4M	0.65%
53	KOREA FD INC	500634209	49,895	$1.3M	0.64%
54	JPMORGAN CHASE & CO.	VYLD	4,631	$1.3M	0.63%
55	NEUBERGER BERMAN MUN FD INC	64124P101	135,900	$1.3M	0.63%
56	HIGHLAND GLOBAL ALLOCATION F	HGLB	153,000	$1.3M	0.63%
57	ISHARES TR	464288281	14,300	$1.3M	0.63%
58	CLOUGH GLOBAL DIVID & INCOME	18913Y103	233,208	$1.3M	0.63%
59	TEMPLETON DRAGON FD INC	88018T101	132,000	$1.3M	0.62%
60	MEXICO FD INC	592835102	75,000	$1.3M	0.62%
61	FLAHERTY & CRUMRINE TOTAL RE	FLC	76,304	$1.3M	0.61%
62	VISA INC	V	3,638	$1.3M	0.61%
63	RIVERNORTH DOUBLELINE STRATE	OPP-PC	150,538	$1.3M	0.61%
64	PIMCO CALIF MUN INCOME FD	72200N106	149,559	$1.3M	0.61%
65	NEXPOINT DIVERSIFIED REL ET	65340G205	306,503	$1.3M	0.61%
66	MORGAN STANLEY CHINA A SH FD	MS-PQ	93,000	$1.3M	0.61%
67	BRANDYWINEGBL GBL INCM OPP F	10537L104	149,900	$1.2M	0.59%
68	SRH TOTAL RETURN FUND INC	STEW	70,000	$1.2M	0.59%
69	DESTRA MULTI-ALTERNATIVE FD	25065A502	139,000	$1.2M	0.57%
70	BERKSHIRE HATHAWAY INC DEL	BRK-A	2,483	$1.2M	0.57%
71	HIGHLAND OPPS & INCOME FD	HFRO-PB	231,000	$1.2M	0.57%
72	CENTRAL SECS CORP	155123102	25,000	$1.2M	0.57%
73	DIMENSIONAL ETF TRUST	25434V740	39,760	$1.2M	0.56%
74	ROYCE GLOBAL TRUST INC	RGT	98,000	$1.2M	0.56%
75	PROCEPT BIOROBOTICS CORP	PRCT	20,360	$1.2M	0.55%
76	EXXON MOBIL CORP	XOM	10,534	$1.1M	0.54%
77	ISHARES TR	464287234	22,990	$1.1M	0.52%
78	MEXICO EQUITY & INCOME FD	592834105	105,827	$1.1M	0.52%
79	BLACKROCK MUNIHLDGS NJ QLTY	BLK	100,700	$1.1M	0.52%
80	SCHWAB CHARLES CORP	SCHW-PJ	12,010	$1.1M	0.52%
81	TORTOISE SUSTAINABLE & SOCIA	27901F109	87,000	$1.1M	0.50%
82	KAYNE ANDERSON ENERGY INFRST	486606106	83,153	$1.1M	0.50%
83	WALMART INC	WMT	10,617	$1.0M	0.49%
84	JOHNSON CTLS INTL PLC	G51502105	9,705	$1.0M	0.48%
85	CLOUGH GLOBAL OPPORTUNITIES	GLO	184,053	$999,408	0.47%
86	ARS PHARMACEUTICALS INC	SPRY	56,714	$989,659	0.47%
87	BLACKROCK INC	BLK	940	$986,295	0.47%
88	VERONA PHARMA PLC	925050106	10,294	$973,607	0.46%
89	TRACTOR SUPPLY CO	TSCO	18,290	$965,163	0.46%
90	NETAPP INC	NTAP	8,699	$926,878	0.44%
91	ELEVANCE HEALTH INC	ELV	2,350	$914,056	0.43%
92	BOEING CO	BA-PA	4,227	$885,683	0.42%
93	MFS HIGH YIELD MUN TR	59318E102	262,208	$873,153	0.41%
94	KOREA FD INC	500634209	32,370	$871,724	0.41%
95	TAIWAN SEMICONDUCTOR MFG LTD	874039100	3,607	$816,949	0.39%
96	STERIS PLC	STE	3,397	$816,027	0.39%
97	BLACKROCK MUNIHLDNGS CALI QL	BLK	78,600	$813,510	0.38%
98	ANALOG DEVICES INC	ADI	3,406	$810,696	0.38%
99	PIMCO NEW YORK MUN INCOME FD	72201E105	147,857	$774,771	0.37%
100	QUALCOMM INC	QCOM	4,727	$752,822	0.36%
101	VANGUARD WORLD FD	92204A405	5,871	$747,378	0.35%
102	MASTERCARD INCORPORATED	MA	1,329	$746,818	0.35%
103	ISHARES TR	46435G326	9,632	$732,417	0.35%
104	VANGUARD TAX-MANAGED FDS	921943858	12,113	$690,562	0.33%
105	LOWES COS INC	548661107	3,098	$687,353	0.32%
106	NIKE INC	NKE	9,650	$685,536	0.32%
107	BLACKROCK N Y MUN INCOME TRU	BLK	69,921	$676,136	0.32%
108	VANGUARD INDEX FDS	922908363	1,183	$672,150	0.32%
109	INTERACTIVE BROKERS GROUP IN	45841N107	12,000	$664,920	0.31%
110	MFS INVT GRADE MUN TR	59318B108	86,381	$659,951	0.31%
111	DEERE & CO	DE	1,280	$650,867	0.31%
112	FEDEX CORP	FDX	2,843	$646,242	0.31%
113	WISDOMTREE TR	WT	11,518	$636,254	0.30%
114	VANECK ETF TRUST	92189H300	24,900	$631,215	0.30%
115	PALANTIR TECHNOLOGIES INC	PLTR	4,600	$627,072	0.30%
116	RIVERNORTH FLEXIBLE MUNI INC	76883Y107	49,190	$621,762	0.29%
117	NUTRIEN LTD	NTR	10,256	$597,309	0.28%
118	SPDR S&P 500 ETF TR	SPY	961	$593,865	0.28%
119	PIMCO ETF TR	72201R882	8,700	$583,509	0.28%
120	NETFLIX INC	NFLX	430	$575,826	0.27%
121	FISERV INC	FISV	3,248	$559,988	0.26%
122	ISHARES TR	46435U556	12,961	$531,406	0.25%
123	GABELLI GLOBAL SMALL & MID C	GGZ	39,727	$529,164	0.25%
124	CENTRAL & EASTERN EUROPE FD	153436100	33,995	$527,602	0.25%
125	UNION PAC CORP	UNP	2,291	$527,113	0.25%
126	LOCKHEED MARTIN CORP	LMT	1,133	$524,738	0.25%
127	HOME DEPOT INC	HD	1,421	$520,995	0.25%
128	BNY MELLON MUN BD INFRASTRUC	09662W109	49,178	$502,599	0.24%
129	MATTHEWS ASIA FDS	577125826	15,928	$497,350	0.24%
130	EUROPEAN EQUITY FD INC	298768102	46,630	$477,025	0.23%
131	INVESCO QQQ TR	IVZ	848	$468,050	0.22%
132	LINCOLN NATL CORP IND	534187109	13,500	$467,100	0.22%
133	STARBUCKS CORP	SBUX	5,068	$464,381	0.22%
134	WESTERN ASSET EMERGING MKTS	95766A101	45,659	$458,873	0.22%
135	ABRDN EMERGING MARKETS EX CH	AEF	76,346	$453,496	0.21%
136	WESTERN ASST INFLTN LKD INM	95766Q106	53,254	$447,334	0.21%
137	PIMCO CALIF MUN INCOME FD II	72201C109	69,553	$433,315	0.20%
138	GABELLI GLOBAL SMALL & MID C	GGZ	32,122	$427,865	0.20%
139	DOVER CORP	DOV	2,313	$423,811	0.20%
140	TEMPLETON EMERGING MKTS FD	880191101	27,800	$405,602	0.19%
141	ETF SER SOLUTIONS	26922A420	4,303	$395,080	0.19%
142	ISHARES TR	464287598	2,010	$390,441	0.18%
143	FLAHERTY & CRUMRINE PFD SECS	338478100	23,907	$389,445	0.18%
144	NUVEEN PENNSYLVANIA QLT MUN	NU	34,440	$386,417	0.18%
145	ISHARES TR	464287614	907	$385,094	0.18%
146	CLOUGH GLOBAL EQUITY FD	18914C100	53,450	$380,778	0.18%
147	MATTHEWS ASIA FDS	577125818	11,700	$380,277	0.18%
148	US BANCORP DEL	USB-PS	7,858	$355,575	0.17%
149	VANGUARD INDEX FDS	922908736	804	$352,474	0.17%
150	VANGUARD INTL EQUITY INDEX F	922042858	7,107	$351,512	0.17%
151	CISCO SYS INC	CSCO	4,950	$343,414	0.16%
152	DIMENSIONAL ETF TRUST	25434V708	9,431	$338,017	0.16%
153	ISHARES TR	464287200	538	$334,044	0.16%
154	FRANKLIN TEMPLETON ETF TR	FGDL	15,600	$320,424	0.15%
155	INTEL CORP	INTC	14,242	$319,021	0.15%
156	VANGUARD SCOTTSDALE FDS	92206C409	4,000	$318,000	0.15%
157	VANGUARD INTL EQUITY INDEX F	922042718	2,337	$314,069	0.15%
158	CHEVRON CORP NEW	CVX	2,184	$312,671	0.15%
159	DIMENSIONAL ETF TRUST	25434V864	6,500	$312,065	0.15%
160	J P MORGAN EXCHANGE TRADED F	46641Q159	6,700	$310,344	0.15%
161	DIMENSIONAL ETF TRUST	25434V872	7,200	$304,272	0.14%
162	VANGUARD INDEX FDS	922908769	995	$302,410	0.14%
163	DIMENSIONAL ETF TRUST	25434V302	10,438	$302,180	0.14%
164	DIMENSIONAL ETF TRUST	25434V807	7,000	$299,810	0.14%
165	GENERAL AMERN INVS CO INC	368802104	5,300	$297,012	0.14%
166	WESTERN ASSET MANAGED MUNS F	95766M105	29,650	$293,535	0.14%
167	GENERAL DYNAMICS CORP	GD	1,000	$291,660	0.14%
168	UNITEDHEALTH GROUP INC	UNH	911	$284,205	0.13%
169	PFIZER INC	PFE	11,627	$281,838	0.13%
170	JOHNSON & JOHNSON	JNJ	1,820	$278,058	0.13%
171	VANGUARD WORLD FD	92204A702	412	$273,450	0.13%
172	VANGUARD INTL EQUITY INDEX F	922042742	2,085	$267,964	0.13%
173	BANK NEW YORK MELLON CORP	064058100	2,940	$267,863	0.13%
174	INVESCO QUALITY MUN INCOME T	IVZ	28,545	$267,752	0.13%
175	MFS HIGH INCOME MUN TR	59318D104	73,090	$261,662	0.12%
176	PROCTER AND GAMBLE CO	742718109	1,633	$260,170	0.12%
177	ILLINOIS TOOL WKS INC	452308109	1,000	$247,250	0.12%
178	BLACKROCK VA MUN BD TR	BLK	23,365	$242,762	0.11%
179	TEMPLETON EMERGING MKTS FD	880191101	16,630	$242,632	0.11%
180	ABRDN EMERGING MARKETS EX CH	AEF	40,629	$241,336	0.11%
181	VANGUARD INDEX FDS	922908751	996	$236,032	0.11%
182	SCHWAB STRATEGIC TR	808524409	8,503	$235,265	0.11%
183	BLACKROCK MUN TARGET TERM TR	BLK	10,739	$235,077	0.11%
184	INTUITIVE SURGICAL INC	ISRG	423	$229,862	0.11%
185	J P MORGAN EXCHANGE TRADED F	46654Q203	4,200	$228,480	0.11%
186	VANECK ETF TRUST	92189F676	780	$217,526	0.10%
187	BNY MELLON STRATEGIC MUN BD	09662E109	32,630	$182,728	0.09%
188	FULCRUM THERAPEUTICS INC	FULC	26,100	$179,568	0.08%
189	CLOUGH GLOBAL EQUITY FD	18914C100	20,033	$142,715	0.07%
190	GDL FD	361570104	16,947	$141,397	0.07%
191	PIMCO CALIF MUN INCOME FD II	72200M108	20,981	$112,458	0.05%
192	ENERGY FUELS INC	UUUU	16,503	$94,892	0.04%
193	WAVE LIFE SCIENCES LTD	WVE	11,193	$72,755	0.03%
194	EAGLE CAP GROWTH FD INC	269451100	6,737	$66,427	0.03%
195	EAGLE CAP GROWTH FD INC	269451100	6,123	$60,373	0.03%
196	CLOUGH GLOBAL DIVID & INCOME	18913Y103	7,987	$45,326	0.02%
197	PIMCO CALIF MUN INCOME FD	72200N106	1,747	$15,007	0.01%
198	FEDERATED HERMES PREM MUNI I	FHI	384	$4,086	0.00%