Institutional Manager · CIK 0001668256
Matisse Capital
PORTLAND, OR · File #028-17404
Latest AUM
$224.4M
Positions
195
Top-10 Concentration
41.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | PIMCO CALIF MUN INCOME FD | 72200N106 | -612,318 | -$5.3M | +$7,663 |
| ADD | XAI OCTAGN FLT RAT & ALT INM | 98400T106 | +722,591 | +$3.5M | -$98,705 |
| EXITED | CHINA FD INC | 169373107 | -150,000 | -$2.8M | $0 |
| EXITED | BNY MELLON MUN BD INFRASTRUC | 09662W109 | -230,534 | -$2.5M | $0 |
| NEW | BLUEROCK PVT REAL ESTATE FD | 09631P102 | +146,900 | +$2.2M | $0 |
| NEW | ALPHABET INC | GOOG | +5,840 | +$1.8M | $0 |
| EXITED | PUTNAM MUN OPPORTUNITIES TR | 746922103 | -166,367 | -$1.7M | $0 |
| EXITED | TORTOISE SUSTAINABLE & SOCIA | 27901F109 | -140,000 | -$1.6M | $0 |
| REDUCE | SPDR S&P 500 ETF TR | SPY | -794 | -$1.6M | +$1.4M |
| NEW | INVESCO SR INCOME TR | IVZ | +489,082 | +$1.6M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025195 pos · $224.4M
- 13F HOLDINGS REPORTQ/E Sep 2025196 pos · $222.2M
- 13F HOLDINGS REPORTQ/E Jun 2025198 pos · $211.5M
- 13F HOLDINGS REPORTQ/E Mar 2025196 pos · $189.6M
- 13F HOLDINGS REPORTQ/E Dec 2024197 pos · $196.7M
- 13F HOLDINGS REPORTQ/E Sep 2024204 pos · $205.6M
- 13F HOLDINGS REPORTQ/E Jun 2024211 pos · $202.1M
- 13F HOLDINGS REPORTQ/E Mar 2024223 pos · $207.9M
- 13F HOLDINGS REPORTQ/E Dec 2023169 pos · $141.7M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 36,722 | $10.0M | 7.32% |
| 2 | ISHARES TR | 46434V621 | 112,343 | $7.8M | 5.72% |
| 3 | MICROSOFT CORP | MSFT | 14,183 | $6.9M | 5.03% |
| 4 | PIMCO CALIF MUN INCOME FD | 72200N106 | 766,318 | $6.7M | 4.91% |
| 5 | ASCENDIS PHARMA A/S | ASND | 27,305 | $5.8M | 4.27% |
| 6 | XAI OCTAGN FLT RAT & ALT INM | 98400T106 | 920,000 | $4.4M | 3.24% |
| 7 | FS CREDIT OPPORTUNITIES CORP | FSCO | 690,000 | $4.3M | 3.19% |
| 8 | ALPHABET INC | GOOG | 12,975 | $4.1M | 2.98% |
| 9 | NEXPOINT DIVERSIFIED REL ET | 65340G205 | 856,226 | $3.3M | 2.40% |
| 10 | LAM RESEARCH CORP | LRCX | 18,737 | $3.2M | 2.35% |
| 11 | VANGUARD INDEX FDS | 922908595 | 9,554 | $2.9M | 2.12% |
| 12 | TAIWAN FD INC | 874036106 | 52,000 | $2.8M | 2.04% |
| 13 | MEXICO FD INC | 592835102 | 130,000 | $2.6M | 1.92% |
| 14 | AMAZON COM INC | AMZN | 11,264 | $2.6M | 1.91% |
| 15 | VANGUARD BD INDEX FDS | 921937819 | 32,186 | $2.5M | 1.84% |
| 16 | ROYCE GLOBAL TRUST INC | RGT | 188,000 | $2.5M | 1.81% |
| 17 | BLACKROCK TECH AND PRIVATE E | BLK | 370,000 | $2.4M | 1.79% |
| 18 | MORGAN STANLEY CHINA A SH FD | MS-PQ | 140,000 | $2.4M | 1.78% |
| 19 | TOTAL RETURN SECURITIES FUND | SWZ | 389,000 | $2.4M | 1.77% |
| 20 | DESTRA MULTI-ALTERNATIVE FD | 25065A502 | 268,000 | $2.4M | 1.76% |