Matisse Capital
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Matisse Capital reported 162 stock positions worth $233.3 million. Its top holding was Apple (AAPL) at 3.9% of the portfolio, followed by iShares Core Dividend Growth (DGRO, 3.4%) and PIMCO California Muni Inc. FD (XPCQX, 3.2%). Compared with Q4 2025, it opened 11 new positions, sold out of 14, added to 35 and reduced 42. The biggest buy was a new position in FS Specialty Lending Fund (FSSL) and the biggest sale an exit from Kayne Anderson Energy Infra (KYN).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001668256
- Portfolio Value
- $233.3M (Q1 2026)
- SEC Filing
- 0001668256-26-000003 ↗ filed May 8, 2026
Holdings Value
Holdings 162 stocks · $233.3M
| AAPL Apple Inc. | 3.92% | 36,023 | $9.1M | Reduce -1.9% |
| DGRO iShares Core Dividend Growth | 3.36% | 111,607 | $7.8M | Reduce -0.7% |
| XPCQX PIMCO California Muni Inc. FD | 3.19% | 866,413 | $7.4M | Reduce -5.9% |
| ASND Ascendis Pharma A/S | 2.56% | 26,077 | $6.0M | Reduce -4.5% |
| XFLT Xai Fltng Rte&alt Inc. TRS-Ui filed as XAI OCTAGN FLT RAT & ALT INM | 2.53% | 344,096 | $5.9M | Add +87.0% |
| FSCO FS Credit Opportunities Corp. | 2.48% | 1,134,000 | $5.8M | Add +26.3% |
| FSSL FS Specialty Lending Fund | 2.43% | 452,200 | $5.7M | New |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 2.37% | 84,000 | $5.5M | No change |
| MSFT Microsoft Corp. | 2.28% | 14,358 | $5.3M | Add +1.2% |
| MXF Mexico Fund Inc. | 1.84% | 205,000 | $4.3M | No change |
| PNI PIMCO NY Muni Inc. II FND | 1.82% | 618,726 | $4.2M | New |
| NXDT Nexpoint Diversified Real Es | 1.81% | 903,840 | $4.2M | Add +4.9% |
| LRCX Lam Research Corp. | 1.75% | 19,130 | $4.1M | Add +2.1% |
| BPRE Bluerock Private Real Estate | 1.75% | 246,000 | $4.1M | Add +9.4% |
| BTX BlackRock Tech & Priv Eqty | 1.68% | 593,000 | $3.9M | Add +3.9% |
| RGT Royce Global Trust Inc. | 1.67% | 291,000 | $3.9M | No change |
| GOOGL Alphabet Inc. Class A | 1.60% | 12,975 | $3.7M | No change |
| KF Korea Fund Inc. | 1.58% | 82,265 | $3.7M | No change |
| STEW SRH Total Return Fund Inc. | 1.58% | 216,000 | $3.7M | Add +20.0% |
| TDF Templeton Dragon Fund Inc. | 1.56% | 342,000 | $3.6M | No change |
| HGLB Highland Global Allocation | 1.53% | 443,000 | $3.6M | Add +12.7% |
| HFRO Highland Opport & Income | 1.51% | 617,000 | $3.5M | No change |
| DMA Destra Multi-Alternative | 1.43% | 412,000 | $3.3M | Add +1.2% |
| CET Central Securities Corp. | 1.38% | 65,000 | $3.2M | No change |
| XCAFX Morgan Stanley China A Share | 1.34% | 178,100 | $3.1M | Reduce -23.6% |
| MXE Mexico Equity and Income FD | 1.32% | 237,827 | $3.1M | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 1.24% | 9,554 | $2.9M | No change |
| GLO Clough Global Opportunities | 1.09% | 456,547 | $2.5M | Reduce -6.8% |
| BIV Vanguard Intermediate-Term B | 1.06% | 32,186 | $2.5M | No change |
| SWZ Total Return Securities Fund | 1.04% | 407,269 | $2.4M | Reduce -33.2% |
| AMZN Amazon.com Inc. | 1.01% | 11,305 | $2.4M | Add +0.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.99% | 10,652 | $2.3M | No change |
| GEV GE Vernova Inc. | 0.98% | 2,613 | $2.3M | Add +78.6% |
| WIW Western Asst Infl-LNK Opp | 0.83% | 230,000 | $1.9M | No change |
| VVR Invesco Senior Income Trust | 0.83% | 600,000 | $1.9M | Add +22.7% |
| JFR Nuveen Floating Rate Income | 0.81% | 250,000 | $1.9M | New |
| EEA The European Equity Fund Inc. | 0.80% | 188,070 | $1.9M | No change |
| BGX Blackstone Long-Short Credit | 0.79% | 170,000 | $1.9M | New |
| BTT BlackRock 2030 Muni TRGT TRM | 0.79% | 81,562 | $1.9M | Reduce -9.4% |
| META Meta Platforms Inc. Class A | 0.77% | 3,147 | $1.8M | No change |
| XOM Exxon Mobil Corp. | 0.76% | 10,474 | $1.8M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 0.76% | 6,140 | $1.8M | Add +5.1% |
| VFL Abrdn National Municipal Inc. | 0.75% | 174,693 | $1.7M | No change |
| DISV Dimensional International SM | 0.75% | 44,100 | $1.7M | No change |
| NBXG Neuberger Next Generation Co. | 0.72% | 129,790 | $1.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.71% | 3,480 | $1.7M | Add +12.6% |
| XJQCX Nuveen Credit Strategies Inc. | 0.66% | 314,469 | $1.5M | Add +84.7% |
| NVDA Nvidia Corp. | 0.65% | 8,738 | $1.5M | Reduce -0.1% |
| JEPI JPMorgan Equity Premium Inco | 0.62% | 25,443 | $1.4M | Add +190.3% |
| GLV Clough Global Dividend & Inc. | 0.61% | 240,785 | $1.4M | No change |
| JPM JPMorgan Chase & Co. | 0.61% | 4,837 | $1.4M | Reduce -2.1% |
| DFEV Dimensional Emrg MRKT Val | 0.61% | 39,760 | $1.4M | No change |
| ETN Eaton Corp. PLC | 0.61% | 3,959 | $1.4M | No change |
| FMN Federated Herm Prem Muni Inc. | 0.60% | 128,815 | $1.4M | No change |
| NBH Neuberger Municipal Fund Inc. | 0.59% | 135,900 | $1.4M | No change |
| EMB iShares JP Morgan Usd Emergi | 0.58% | 14,355 | $1.3M | Add +0.0% |
| WMT Walmart Inc. | 0.57% | 10,628 | $1.3M | Reduce -0.1% |
| EEM iShares MSCI Emerging Market | 0.56% | 22,990 | $1.3M | No change |
| JCI Johnson Controls Internation | 0.54% | 9,705 | $1.3M | No change |
| COST Costco Wholesale Corp. | 0.54% | 1,273 | $1.3M | Reduce -2.0% |
| SFM Sprouts Farmers Market Inc. | 0.53% | 16,142 | $1.2M | Reduce -28.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.53% | 3,635 | $1.2M | No change |
| BWG Brandywineglobal Global Inco | 0.48% | 145,866 | $1.1M | No change |
| V Visa Inc. Class A | 0.47% | 3,641 | $1.1M | Reduce -0.1% |
| ADI Analog Devices Inc. | 0.46% | 3,406 | $1.1M | No change |
| ACM Aecom | 0.46% | 12,611 | $1.1M | No change |
| FDX FedEx Corp. | 0.43% | 2,800 | $997K | No change |
| NKE Nike Inc. Class B | 0.42% | 18,658 | $986K | Add +6.3% |
| BLK BlackRock Inc. | 0.39% | 940 | $904K | No change |
| NTAP Netapp Inc. | 0.38% | 8,699 | $891K | No change |
| TSCO Tractor Supply Company | 0.36% | 18,315 | $830K | No change |
| MUC BlackRock Munihold Ca QLTY | 0.35% | 78,600 | $817K | No change |
| IDEV iShares Core MSCI Dev MKTS | 0.35% | 9,632 | $805K | No change |
| NTR Nutrien Ltd. | 0.33% | 10,256 | $774K | No change |
| STE Steris PLC | 0.32% | 3,397 | $751K | No change |
| SOFI Sofi Technologies Inc. | 0.31% | 46,227 | $734K | New |
| LOW Lowe's Cos Inc. | 0.31% | 3,103 | $733K | No change |
| DE Deere & Co. | 0.31% | 1,279 | $720K | No change |
| VEA Vanguard Ftse Developed ETF | 0.31% | 11,228 | $719K | No change |
| THNQ Robo Global Artificial Intel filed as EXCHANGE TRADED CONCEPTS TRU | 0.30% | 12,032 | $710K | Add +32.4% |
| BABA Alibaba Group Holding-SP ADR | 0.30% | 5,534 | $694K | New |
| DGS Wisdomtree Em Small Cap | 0.30% | 11,518 | $692K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.30% | 8,813 | $691K | Add +81.9% |
| LMT Lockheed Martin Corp. | 0.30% | 1,139 | $688K | No change |
| VOO Vanguard S&P 500 ETF | 0.29% | 1,148 | $686K | Add +0.9% |
| MYN BlackRock Muniyield NY QLTY | 0.29% | 71,419 | $686K | New |
| VFH Vanguard Financials ETF | 0.29% | 5,611 | $678K | Reduce -3.4% |
| MA Mastercard Inc. Class A | 0.29% | 1,347 | $673K | Reduce -0.4% |
| EMLC Vaneck JPM Em Local Curr BND | 0.27% | 24,900 | $625K | No change |
| RFMZ Rivernorth Flex Muni II | 0.27% | 49,190 | $622K | No change |
| CEE Central and Eastern Europe F | 0.27% | 33,995 | $622K | No change |
| VST Vistra Corp. | 0.26% | 4,050 | $609K | New |
| QCOM Qualcomm Inc. | 0.26% | 4,727 | $609K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 883 | $574K | Reduce -8.7% |
| UNP Union Pacific Corp. | 0.24% | 2,296 | $557K | No change |
| MINV Matthews Asia Innovators Act | 0.24% | 14,447 | $550K | Reduce -3.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.23% | 9,724 | $540K | Add +12.3% |
| SPRY Ars Pharmaceuticals Inc. | 0.23% | 67,229 | $540K | Add +21.0% |
| CVX Chevron Corp. | 0.23% | 2,557 | $529K | Reduce -0.1% |
| HD Home Depot Inc. | 0.23% | 1,602 | $527K | Reduce -0.3% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($809K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $383K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 5,900 | $383K | No change |
Total filed on the 13F, all lines: $233.6M.
Portfolio Sells Q4 2025 → Q1 2026
| KYN Kayne Anderson Energy Infra | Sold out | 0.00% | −1.24 |
| SWZ Total Return Securities Fund | Reduce -33.2% | 1.04% | −0.66 |
| AAPL Apple Inc. | Reduce -1.9% | 3.92% | −0.55 |
| XCAFX Morgan Stanley China A Share | Reduce -23.6% | 1.34% | −0.47 |
| XPCQX PIMCO California Muni Inc. FD | Reduce -5.9% | 3.19% | −0.41 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.35 |
| LEO BNY Mellon Strategic Muni | Sold out | 0.00% | −0.34 |
| XBNYX BlackRock New York Muni Inc. | Sold out | 0.00% | −0.32 |
| GGZ Gabelli Global Small & M | Sold out | 0.00% | −0.27 |
| SFM Sprouts Farmers Market Inc. | Reduce -28.4% | 0.53% | −0.27 |
| XCMUX MFS High Yield Municipal TR | Reduce -62.4% | 0.15% | −0.26 |
| PLTR Palantir Technologies Inc. Class A | Reduce -43.7% | 0.16% | −0.20 |
| OKLO Oklo Inc. | Sold out | 0.00% | −0.19 |
| GLO Clough Global Opportunities | Reduce -6.8% | 1.09% | −0.15 |
| CXH MFS Investment Grade Muni | Reduce -44.4% | 0.16% | −0.14 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.14 |
| DGRO iShares Core Dividend Growth | Reduce -0.7% | 3.36% | −0.13 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -9.4% | 0.79% | −0.13 |
| PRCT Procept Biorobotics Corp. | Reduce -26.2% | 0.14% | −0.11 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.11 |
| BA The Boeing Co. | Sold out | 0.00% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -2.1% | 0.61% | −0.10 |
| V Visa Inc. Class A | Reduce -0.1% | 0.47% | −0.10 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.10 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.10 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.10 |
| IWB iShares Russell 1000 ETF | Sold out | 0.00% | −0.09 |
| GDLC Grayscale Coindesk 5 ETF | Sold out | 0.00% | −0.09 |
| AIR Aar Corp. | Reduce -50.0% | 0.14% | −0.08 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -27.4% | 0.15% | −0.08 |
| NVDA Nvidia Corp. | Reduce -0.1% | 0.65% | −0.08 |
| MFM Aberdeen Municipal Income | Reduce -47.5% | 0.06% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -0.4% | 0.29% | −0.06 |
| VFH Vanguard Financials ETF | Reduce -3.4% | 0.29% | −0.06 |
| ASND Ascendis Pharma A/S | Reduce -4.5% | 2.56% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.7% | 0.25% | −0.05 |
| IWF iShares Russell 1000 Growth | Reduce -12.3% | 0.14% | −0.05 |
| XGLQX Clough Global Equity Fund | Reduce -10.2% | 0.21% | −0.04 |
| TSLA Tesla Inc. | Reduce -0.7% | 0.12% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -0.2% | 0.11% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -1.0% | 0.12% | −0.03 |
| HD Home Depot Inc. | Reduce -0.3% | 0.23% | −0.02 |
| ARTY iShares Future AI & Tech ETF | Reduce -2.7% | 0.18% | −0.02 |
| QTUM Defiance Quantum ETF | Reduce -2.8% | 0.19% | −0.02 |
| USB US Bancorp | Reduce -3.5% | 0.09% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -0.2% | 0.18% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -0.4% | 0.10% | −0.00 |
| GD General Dynamics Corp. | Reduce -0.1% | 0.15% | −0.00 |
| MINV Matthews Asia Innovators Act | Reduce -3.8% | 0.24% | −0.00 |
| SBUX Starbucks Corp. | Reduce -0.1% | 0.13% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| FSSL FS Specialty Lending Fund | New | 2.43% | +2.43 |
| PNI PIMCO NY Muni Inc. II FND | New | 1.82% | +1.82 |
| JFR Nuveen Floating Rate Income | New | 0.81% | +0.81 |
| BGX Blackstone Long-Short Credit | New | 0.79% | +0.79 |
| XFLT Xai Fltng Rte&alt Inc. TRS-Ui | Add +87.0% | 2.53% | +0.56 |
| GEV GE Vernova Inc. | Add +78.6% | 0.98% | +0.55 |
| JEPI JPMorgan Equity Premium Inco | Add +190.3% | 0.62% | +0.39 |
| NXDT Nexpoint Diversified Real Es | Add +4.9% | 1.81% | +0.33 |
| LRCX Lam Research Corp. | Add +2.1% | 1.75% | +0.32 |
| SOFI Sofi Technologies Inc. | New | 0.31% | +0.31 |
| BABA Alibaba Group Holding-SP ADR | New | 0.30% | +0.30 |
| MYN BlackRock Muniyield NY QLTY | New | 0.29% | +0.29 |
| XJQCX Nuveen Credit Strategies Inc. | Add +84.7% | 0.66% | +0.27 |
| VST Vistra Corp. | New | 0.26% | +0.26 |
| BPRE Bluerock Private Real Estate | Add +9.4% | 1.75% | +0.24 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.16% | +0.16 |
| BE Bloom Energy Corp. Class A | New | 0.16% | +0.16 |
| BSV Vanguard Short-Term Bond ETF | Add +81.9% | 0.30% | +0.13 |
| VVR Invesco Senior Income Trust | Add +22.7% | 0.83% | +0.11 |
| STEW SRH Total Return Fund Inc. | Add +20.0% | 1.58% | +0.09 |
| FULC Fulcrum Therapeutics Inc. | Add +194.6% | 0.13% | +0.06 |
| EVF Eaton Vance Senior Income TR | New | 0.06% | +0.06 |
| THNQ Robo Global Artificial Intel | Add +32.4% | 0.30% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +12.6% | 0.71% | +0.02 |
| PFE Pfizer Inc. | Add +4.6% | 0.15% | +0.02 |
| JEPQ JPM Nasdaq Equity Premium | Add +12.3% | 0.23% | +0.01 |
| IBB iShares Biotechnology ETF | Add +0.2% | 0.09% | −0.00 |
| IWD iShares Russell 1000 Value E | Add +0.1% | 0.16% | −0.00 |
| JPIE JPMorgan Income ETF | Add +1.2% | 0.13% | −0.01 |
| VGT Vanguard Info Tech ETF | Add +8.7% | 0.14% | −0.01 |
| BTX BlackRock Tech & Priv Eqty | Add +3.9% | 1.68% | −0.01 |
| VT Vanguard Tot World STK ETF | Add +0.1% | 0.13% | −0.01 |
| DFAC Dimensional US Core Equity 2 | Add +0.3% | 0.16% | −0.01 |
| ORCL Oracle Corp. | Add +16.3% | 0.09% | −0.02 |
| VOO Vanguard S&P 500 ETF | Add +0.9% | 0.29% | −0.03 |
| EMB iShares JP Morgan Usd Emergi | Add +0.0% | 0.58% | −0.04 |
| FSCO FS Credit Opportunities Corp. | Add +26.3% | 2.48% | −0.05 |
| SPRY Ars Pharmaceuticals Inc. | Add +21.0% | 0.23% | −0.06 |
| GOOG Alphabet Inc. Class C | Add +5.1% | 0.76% | −0.07 |
| IONQ Ionq Inc. | Add +9.6% | 0.15% | −0.07 |
| NKE Nike Inc. Class B | Add +6.3% | 0.42% | −0.08 |
| HGLB Highland Global Allocation | Add +12.7% | 1.53% | −0.08 |
| AMZN Amazon.com Inc. | Add +0.4% | 1.01% | −0.15 |
| WVE Wave Life Sciences Ltd. | Add +10.7% | 0.15% | −0.18 |
| DMA Destra Multi-Alternative | Add +1.2% | 1.43% | −0.20 |
| MSFT Microsoft Corp. | Add +1.2% | 2.28% | −0.79 |
Options Activity Q4 2025 → Q1 2026
| STATE STR SPDR S&P 500 ETF T | put | New | 557 | $809K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 557 | $632Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |