Matisse Capital
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Matisse Capital reported 190 stock positions worth $207.9 million. Its top holding was Microsoft (MSFT) at 3.8% of the portfolio, followed by Apple (AAPL, 3.7%) and iShares Core Dividend Growth (DGRO, 3.7%). Compared with Q4 2023, it opened 17 new positions, sold out of 23, added to 49 and reduced 38. The biggest buy was a new position in Central Securities (CET) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001668256
- Portfolio Value
- $207.9M (Q1 2024)
- SEC Filing
- 0001668256-24-000006 ↗ filed Apr 30, 2024
Holdings Value
Holdings 190 stocks · $207.9M
| MSFT Microsoft Corp. | 3.75% | 18,546 | $7.8M | Reduce -0.2% |
| AAPL Apple Inc. | 3.71% | 44,945 | $7.7M | Reduce -0.8% |
| DGRO iShares Core Dividend Growth | 3.66% | 130,927 | $7.6M | Reduce -2.9% |
| SWAV Shockwave Medical Inc. | 3.62% | 23,140 | $7.5M | Reduce -0.5% |
| ASND Ascendis Pharma A/S | 2.58% | 35,540 | $5.4M | Add +2.6% |
| LRCX Lam Research Corp. | 1.77% | 3,792 | $3.7M | Reduce -1.6% |
| DMB BNY Mellon Muni BND Infra | 1.72% | 344,983 | $3.6M | Add +146.4% |
| DMA Destra Multi-Alternative | 1.49% | 395,307 | $3.1M | No change |
| HFRO Highland Opport & Income | 1.39% | 410,000 | $2.9M | Add +43.9% |
| BSTZ BlackRock Sci & Tech TRM TR | 1.31% | 140,000 | $2.7M | Add +3.7% |
| AMZN Amazon.com Inc. | 1.31% | 15,048 | $2.7M | Add +0.1% |
| NXDT Nexpoint Diversified Real Es | 1.30% | 410,542 | $2.7M | Add +57.3% |
| HGLB Highland Global Allocation | 1.25% | 340,000 | $2.6M | Add +17.6% |
| XTEAX Tortoise Sust&social Imp Ter filed as ECOFIN SUSTAINABLE AND SOCIA | 1.25% | 220,000 | $2.6M | Add +22.2% |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 1.24% | 65,000 | $2.6M | Add +1.8% |
| BIV Vanguard Intermediate-Term B | 1.23% | 33,990 | $2.6M | No change |
| STEW SRH Total Return Fund Inc. | 1.23% | 170,000 | $2.6M | Add +9.7% |
| GLO Clough Global Opportunities | 1.22% | 500,000 | $2.5M | Add +56.6% |
| GOOGL Alphabet Inc. Class A | 1.22% | 16,756 | $2.5M | Reduce -0.1% |
| CET Central Securities Corp. | 1.21% | 60,000 | $2.5M | New |
| TYG Tortoise Energy Infrastruct | 1.19% | 80,000 | $2.5M | Add +36.0% |
| HERZ Herzfeld Credit Income Fund | 1.03% | 832,794 | $2.1M | Reduce -7.4% |
| MXE Mexico Equity and Income FD | 1.02% | 183,212 | $2.1M | No change |
| MXF Mexico Fund Inc. | 0.99% | 107,424 | $2.1M | Add +19.4% |
| FSCO FS Credit Opportunities Corp. | 0.94% | 328,000 | $1.9M | Reduce -0.6% |
| XPCKX PIMCO California Municipa II | 0.91% | 328,504 | $1.9M | Add +22.3% |
| NBXG Neuberger Next Generation Co. | 0.90% | 160,000 | $1.9M | No change |
| VFL Abrdn National Municipal Inc. | 0.88% | 177,120 | $1.8M | No change |
| SEVN Seven Hills Realty Trust | 0.88% | 142,000 | $1.8M | Add +0.7% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.84% | 6,711 | $1.7M | New |
| WIW Western Asst Infl-LNK Opp | 0.83% | 199,617 | $1.7M | Add +80.7% |
| EDD Morgan Stanley Emrg MRK Dom | 0.82% | 360,825 | $1.7M | Add +156.1% |
| OPP Rivernrth/Doublelne STR Opp | 0.81% | 195,000 | $1.7M | No change |
| NPV Nuveen Va QLTY Muni Inc. | 0.80% | 150,143 | $1.7M | No change |
| LEO BNY Mellon Strategic Muni | 0.79% | 270,000 | $1.6M | Add +2.1% |
| NML Neuberger Energy Infrastruct | 0.79% | 223,121 | $1.6M | Reduce -24.5% |
| NAZ Nuveen Az QLTY Muni Inc. | 0.79% | 148,851 | $1.6M | No change |
| ETN Eaton Corp. PLC | 0.77% | 5,145 | $1.6M | No change |
| META Meta Platforms Inc. Class A | 0.77% | 3,296 | $1.6M | Reduce -0.2% |
| XCAFX Morgan Stanley China A Share | 0.77% | 132,247 | $1.6M | Add +213.4% |
| GLV Clough Global Dividend & Inc. | 0.75% | 278,867 | $1.6M | Add +0.0% |
| BTX BlackRock Tech & Priv Eqty | 0.74% | 190,000 | $1.5M | Reduce -9.9% |
| RA Brookfield Real Assets Incom | 0.71% | 115,000 | $1.5M | No change |
| NZF Nuveen Municipal Credit Inc. | 0.71% | 120,447 | $1.5M | No change |
| NBH Neuberger Municipal Fund Inc. | 0.68% | 135,900 | $1.4M | Add +6.6% |
| ELV Elevance Health Inc. | 0.67% | 2,687 | $1.4M | Reduce -6.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.67% | 7,216 | $1.4M | Add +43.0% |
| FTF Franklin Ltd. Dur Inc. TR | 0.66% | 219,397 | $1.4M | Add +37.4% |
| NPCT Nuveen Core Plus Impact | 0.65% | 130,000 | $1.3M | No change |
| NVG Nuveen Amt-FR Muni CRDT | 0.64% | 110,000 | $1.3M | No change |
| NPFD Nuveen Var RT Pref & Inc. | 0.62% | 72,395 | $1.3M | Reduce -12.9% |
| EMB iShares JP Morgan Usd Emergi | 0.62% | 14,300 | $1.3M | No change |
| MIY BlackRock Muniyield Mi QLTY | 0.61% | 110,749 | $1.3M | No change |
| BWG Brandywineglobal Global Inco | 0.61% | 149,900 | $1.3M | Reduce -3.3% |
| NVDA Nvidia Corp. | 0.60% | 1,375 | $1.2M | Reduce -39.5% |
| ACM Aecom | 0.59% | 12,611 | $1.2M | No change |
| XOM Exxon Mobil Corp. | 0.59% | 10,474 | $1.2M | No change |
| V Visa Inc. Class A | 0.58% | 4,310 | $1.2M | Reduce -0.4% |
| DISV Dimensional International SM | 0.58% | 44,100 | $1.2M | Add +37.0% |
| FLC Flaherty & Crumrine TTL RTRN | 0.58% | 77,505 | $1.2M | Add +87.7% |
| SFM Sprouts Farmers Market Inc. | 0.57% | 18,450 | $1.2M | No change |
| PFO Flaherty & Crumrine P&I Opp | 0.57% | 140,611 | $1.2M | Add +6.3% |
| TEI Templeton Emrg MKTS Inc. | 0.57% | 218,151 | $1.2M | No change |
| MUJ BlackRock Munihold NJ QLTY | 0.56% | 100,700 | $1.2M | No change |
| BA The Boeing Co. | 0.54% | 5,867 | $1.1M | Add +625.2% |
| DFEV Dimensional Emrg MRKT Val | 0.50% | 40,360 | $1.0M | No change |
| GRX Gabelli Healthcare & Well | 0.50% | 101,196 | $1.0M | Add +232.7% |
| COST Costco Wholesale Corp. | 0.46% | 1,318 | $966K | Reduce -0.5% |
| TSCO Tractor Supply Company | 0.46% | 3,658 | $957K | No change |
| XCMUX MFS High Yield Municipal TR | 0.46% | 286,058 | $953K | No change |
| VKQ Invesco Municipal Trust | 0.45% | 97,310 | $944K | New |
| EEM iShares MSCI Emerging Market | 0.45% | 22,951 | $943K | Add +59.0% |
| JPM JPMorgan Chase & Co. | 0.44% | 4,581 | $918K | Reduce -0.4% |
| NTAP Netapp Inc. | 0.44% | 8,699 | $913K | No change |
| SCHW Schwab (charles) Corp. | 0.44% | 12,550 | $908K | No change |
| NKE Nike Inc. Class B | 0.43% | 9,560 | $898K | Reduce -0.1% |
| XNDPX Tortoise Energy Independence | 0.43% | 26,480 | $893K | No change |
| IIF Morgan Stanley India Invest | 0.42% | 37,950 | $871K | No change |
| MUC BlackRock Munihold Ca QLTY | 0.42% | 78,600 | $865K | No change |
| LOW Lowe's Cos Inc. | 0.40% | 3,298 | $840K | No change |
| FDX FedEx Corp. | 0.40% | 2,843 | $824K | No change |
| QCOM Qualcomm Inc. | 0.39% | 4,744 | $803K | No change |
| NMT Nuveen Ma QLTY Muni Inc. | 0.38% | 72,634 | $793K | No change |
| BLK BlackRock Finance Inc. | 0.38% | 937 | $781K | No change |
| FGB First Trust Special Financ | 0.37% | 205,217 | $774K | Reduce -17.3% |
| XBNYX BlackRock New York Muni Inc. | 0.37% | 72,521 | $769K | No change |
| STE Steris PLC | 0.37% | 3,397 | $764K | No change |
| SBUX Starbucks Corp. | 0.37% | 8,327 | $761K | Add +0.0% |
| TSLA Tesla Inc. | 0.36% | 4,252 | $747K | Add +0.2% |
| PNI PIMCO NY Muni Inc. II FND | 0.36% | 99,507 | $738K | No change |
| PYN PIMCO New York Muni FND III | 0.35% | 124,383 | $730K | New |
| ASA ASA Gold and Precious Metals | 0.34% | 46,544 | $715K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 1,640 | $690K | Reduce -0.6% |
| ADI Analog Devices Inc. | 0.33% | 3,416 | $676K | No change |
| USB US Bancorp | 0.32% | 15,090 | $675K | Reduce -3.8% |
| CVS CVS Health Corp. | 0.32% | 8,391 | $669K | No change |
| WMT Walmart Inc. | 0.32% | 11,117 | $669K | Add +4.4% |
| JOF Japan Smaller Capitalization | 0.32% | 83,137 | $663K | No change |
| CXH MFS Investment Grade Muni | 0.32% | 86,928 | $662K | No change |
| SOFI Sofi Technologies Inc. | 0.31% | 89,660 | $655K | Add +0.9% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.8% | 3.71% | −0.94 |
| KF Korea Fund Inc. | Reduce -78.2% | 0.23% | −0.84 |
| CEV Eaton Vance Ca Muni Inc. TRST | Sold out | 0.00% | −0.59 |
| XMIOX Pioneer Muni High Inc. Opp | Reduce -82.4% | 0.12% | −0.57 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Sold out | 0.00% | −0.52 |
| KYN Kayne Anderson Energy Infra | Sold out | 0.00% | −0.49 |
| JPC Nuveen Prefered & Income Opp | Sold out | 0.00% | −0.44 |
| BMEZ BlackRock HLTH Sci TRM TR II | Sold out | 0.00% | −0.40 |
| XPHDX Pioneer Floating Rate Fund | Sold out | 0.00% | −0.40 |
| ASGI Abrdn Global Infrastructure | Sold out | 0.00% | −0.38 |
| VGI Virtus Global Multi-Sector | Reduce -53.2% | 0.25% | −0.35 |
| BGX Blackstone Long-Short Credit | Sold out | 0.00% | −0.33 |
| PDX PIMCO Dynamic Income Strat | Sold out | 0.00% | −0.33 |
| JFR Nuveen Floating Rate Income | Sold out | 0.00% | −0.30 |
| HERZ Herzfeld Credit Income Fund | Reduce -7.4% | 1.03% | −0.30 |
| NML Neuberger Energy Infrastruct | Reduce -24.5% | 0.79% | −0.29 |
| FMN Federated Herm Prem Muni Inc. | Sold out | 0.00% | −0.26 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.22 |
| DGRO iShares Core Dividend Growth | Reduce -2.9% | 3.66% | −0.21 |
| FTHY First Trust Hi YLD Opp 2027 | Sold out | 0.00% | −0.20 |
| VTN Invesco TR for Invest GRD NY | Sold out | 0.00% | −0.20 |
| FCT First Trust SNR FL RT Inc. II | Sold out | 0.00% | −0.19 |
| MYN BlackRock Muniyield NY QLTY | Sold out | 0.00% | −0.18 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Reduce -42.2% | 0.20% | −0.17 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Sold out | 0.00% | −0.17 |
| RFMZ Rivernorth Flex Muni II | Sold out | 0.00% | −0.13 |
| DMF BNYM Municipal Income | Sold out | 0.00% | −0.13 |
| RMMZ Rvrnrth MGD Dur Muni Inc. II | Sold out | 0.00% | −0.13 |
| NKE Nike Inc. Class B | Reduce -0.1% | 0.43% | −0.12 |
| KSM DWS Strategic Municipal Inc. | Sold out | 0.00% | −0.11 |
| FGB First Trust Special Financ | Reduce -17.3% | 0.37% | −0.10 |
| NPFD Nuveen Var RT Pref & Inc. | Reduce -12.9% | 0.62% | −0.10 |
| XEVMX Eaton Vance Cal Muni Bond | Sold out | 0.00% | −0.09 |
| BTX BlackRock Tech & Priv Eqty | Reduce -9.9% | 0.74% | −0.08 |
| BWG Brandywineglobal Global Inco | Reduce -3.3% | 0.61% | −0.08 |
| FSCO FS Credit Opportunities Corp. | Reduce -0.6% | 0.94% | −0.06 |
| ELV Elevance Health Inc. | Reduce -6.9% | 0.67% | −0.06 |
| XMHIX Pioneer Muni High Inc. TR | Sold out | 0.00% | −0.05 |
| MMU Western Asset Managed Munici | Reduce -19.6% | 0.15% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -0.4% | 0.22% | −0.04 |
| USB US Bancorp | Reduce -3.8% | 0.32% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 1.22% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.3% | 0.27% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -0.5% | 0.20% | −0.02 |
| V Visa Inc. Class A | Reduce -0.4% | 0.58% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.0% | 0.29% | −0.02 |
| XFAMX First Trust/Abrdn Global Opp | Reduce -1.2% | 0.23% | −0.02 |
| JNJ Johnson & Johnson | Reduce -0.8% | 0.14% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.3% | 0.14% | −0.01 |
| CVX Chevron Corp. | Reduce -0.4% | 0.16% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| CET Central Securities Corp. | New | 1.21% | +1.21 |
| DMB BNY Mellon Muni BND Infra | Add +146.4% | 1.72% | +0.95 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 0.84% | +0.84 |
| XCAFX Morgan Stanley China A Share | Add +213.4% | 0.77% | +0.48 |
| EDD Morgan Stanley Emrg MRK Dom | Add +156.1% | 0.82% | +0.47 |
| VKQ Invesco Municipal Trust | New | 0.45% | +0.45 |
| BA The Boeing Co. | Add +625.2% | 0.54% | +0.43 |
| GLO Clough Global Opportunities | Add +56.6% | 1.22% | +0.42 |
| PYN PIMCO New York Muni FND III | New | 0.35% | +0.35 |
| GRX Gabelli Healthcare & Well | Add +232.7% | 0.50% | +0.35 |
| ASA ASA Gold and Precious Metals | New | 0.34% | +0.34 |
| WIW Western Asst Infl-LNK Opp | Add +80.7% | 0.83% | +0.32 |
| TYG Tortoise Energy Infrastruct | Add +36.0% | 1.19% | +0.29 |
| ASND Ascendis Pharma A/S | Add +2.6% | 2.58% | +0.26 |
| FLC Flaherty & Crumrine TTL RTRN | Add +87.7% | 0.58% | +0.26 |
| GF The New Germany Fund Inc. | New | 0.26% | +0.26 |
| IQI Invesco Quality Muni Inc. TR | New | 0.24% | +0.24 |
| HFRO Highland Opport & Income | Add +43.9% | 1.39% | +0.22 |
| NXDT Nexpoint Diversified Real Es | Add +57.3% | 1.30% | +0.20 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +43.0% | 0.67% | +0.18 |
| IDEV iShares Core MSCI Dev MKTS | Add +135.5% | 0.30% | +0.16 |
| EEA The European Equity Fund Inc. | New | 0.16% | +0.16 |
| HQL Abrdn Life Sciences Investor | Add +243.3% | 0.23% | +0.15 |
| VRNA Verona Pharma Ltd. | New | 0.15% | +0.15 |
| XWIAX Western Asset Infl-Link Sec | New | 0.15% | +0.15 |
| EEM iShares MSCI Emerging Market | Add +59.0% | 0.45% | +0.14 |
| DISV Dimensional International SM | Add +37.0% | 0.58% | +0.13 |
| FTF Franklin Ltd. Dur Inc. TR | Add +37.4% | 0.66% | +0.13 |
| CXE MFS High Income Municipal TR | New | 0.13% | +0.13 |
| XTEAX Tortoise Sust&social Imp Ter | Add +22.2% | 1.25% | +0.13 |
| GAM General American Investors | New | 0.12% | +0.12 |
| XTTPX Tortoise Pipeline & Energy | New | 0.12% | +0.12 |
| NTG Tortoise Midstream Energy | New | 0.11% | +0.11 |
| BSTZ BlackRock Sci & Tech TRM TR | Add +3.7% | 1.31% | +0.10 |
| ECF Ellsworth Growth and Income | New | 0.10% | +0.10 |
| TROW T Rowe Price Group Inc. | New | 0.10% | +0.10 |
| DSM BNYM Strat Muni BND | New | 0.09% | +0.09 |
| GRF Eagle Capital Growth Fund | Add +86.7% | 0.22% | +0.09 |
| AMZN Amazon.com Inc. | Add +0.1% | 1.31% | +0.09 |
| STEW SRH Total Return Fund Inc. | Add +9.7% | 1.23% | +0.09 |
| XPCKX PIMCO California Municipa II | Add +22.3% | 0.91% | +0.08 |
| MXF Mexico Fund Inc. | Add +19.4% | 0.99% | +0.08 |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | Add +1.8% | 1.24% | +0.06 |
| HGLB Highland Global Allocation | Add +17.6% | 1.25% | +0.04 |
| XNOMX Nuveen Mo QLTY Muni Inc. | Add +28.9% | 0.17% | +0.03 |
| WMT Walmart Inc. | Add +4.4% | 0.32% | +0.02 |
| XGLQX Clough Global Equity Fund | Add +8.5% | 0.23% | +0.02 |
| EOD Allspring Global Dividend Op | Add +32.8% | 0.06% | +0.02 |
| PFO Flaherty & Crumrine P&I Opp | Add +6.3% | 0.57% | +0.01 |
| WVE Wave Life Sciences Ltd. | Add +15.8% | 0.04% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 157 | $249.4M | AAPL, DGRO, LRCX, XPCQX, ASND |
| Q1 2026 | 162 | $233.3M | AAPL, DGRO, XPCQX, ASND, XFLT |
| Q4 2025 | 165 | $223.3M | AAPL, XPCQX, DGRO, MSFT, ASND |
| Q3 2025 | 164 | $222.2M | AAPL, XPCQX, MSFT, DGRO, ASND |
| Q2 2025 | 168 | $211.5M | AAPL, MSFT, DGRO, ASND, TWN |
| Q1 2025 | 165 | $189.6M | AAPL, DGRO, MSFT, ASND, DMA |
| Q4 2024 | 169 | $196.7M | AAPL, MSFT, DGRO, ASND, DMA |
| Q3 2024 | 176 | $205.6M | AAPL, DGRO, MSFT, ASND, DMB |
| Q2 2024 | 181 | $202.1M | AAPL, MSFT, DGRO, ASND, LRCX |
| Q1 2024 | 190 | $207.9M | MSFT, AAPL, DGRO, SWAV, ASND |