# Matisse Capital

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1668256. Source: https://holderbook.com/funds/1668256-matisse-capital/

- Reported value: $249.8M
- Positions: 158
- Weight of the ten largest: 29.1%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.4M | 35,994 | 4.2% | 31 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $8.5M | 111,661 | 3.4% | 30 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $7.9M | 18,130 | 3.1% | 7 |
| PIMCO CALIF MUN INCOME FD | [PCQ](https://holderbook.com/stocks/PCQ/) | $7.6M | 848,717 | 3.0% | 8 |
| ASCENDIS PHARMA A/S | [ASND](https://holderbook.com/stocks/ASND/) | $7.5M | 28,107 | 3.0% | 1 |
| TAIWAN FD INC | [TWN](https://holderbook.com/stocks/TWN/) | $6.7M | 69,437 | 2.7% | 15 |
| FS CREDIT OPPORTUNITIES CORP | [FSCO](https://holderbook.com/stocks/FSCO/) | $6.2M | 1,245,000 | 2.5% | 3 |
| KOREA FD INC | [KF](https://holderbook.com/stocks/KF/) | $6.2M | 82,265 | 2.5% | 7 |
| XAI FLOATING RATE & ALTER IN | [XFLT](https://holderbook.com/stocks/XFLT/) | $6.1M | 346,096 | 2.4% | 2 |
| FS SPECIALTY LENDING FD | [FSSL](https://holderbook.com/stocks/FSSL/) | $5.8M | 519,000 | 2.3% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.1M | 13,588 | 2.0% | 31 |
| NEXPOINT DIVERSIFIED REL ET | [NXDT](https://holderbook.com/stocks/NXDT/) | $4.8M | 923,630 | 1.9% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.6M | 12,975 | 1.9% | 26 |
| HIGHLAND OPPS & INCOME FD | [HFRO](https://holderbook.com/stocks/HFRO/) | $4.4M | 617,000 | 1.8% | 17 |
| PIMCO NEW YORK MUN FD II | [PNI](https://holderbook.com/stocks/PNI/) | $4.4M | 618,726 | 1.8% | 2 |
| ROYCE GLOBAL TRUST INC | [RGT](https://holderbook.com/stocks/RGT/) | $4.1M | 291,000 | 1.7% | 6 |
| SRH TOTAL RETURN FUND INC | [STEW](https://holderbook.com/stocks/STEW/) | $4.0M | 226,000 | 1.6% | 11 |
| HIGHLAND GLOBAL ALLOCATION F | [HGLB](https://holderbook.com/stocks/HGLB/) | $3.9M | 525,000 | 1.6% | 16 |
| BLUEROCK PVT REAL ESTATE FD | [BPRE](https://holderbook.com/stocks/BPRE/) | $3.9M | 300,000 | 1.6% | 3 |
| TEMPLETON DRAGON FD INC | [TDF](https://holderbook.com/stocks/TDF/) | $3.7M | 341,875 | 1.5% | 7 |
| TOTAL RETURN SECURITIES FUND | [SWZ](https://holderbook.com/stocks/SWZ/) | $3.6M | 609,000 | 1.4% | 4 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $3.5M | 9,554 | 1.4% | 10 |
| CENTRAL SECS CORP | [CET](https://holderbook.com/stocks/CET/) | $3.4M | 65,000 | 1.4% | 10 |
| DESTRA MULTI-ALTERNATIVE FD | [DMA](https://holderbook.com/stocks/DMA/) | $3.4M | 455,000 | 1.4% | 17 |
| MEXICO EQUITY & INCOME FD | [MXE](https://holderbook.com/stocks/MXE/) | $3.1M | 237,827 | 1.2% | 19 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $3.1M | 2,613 | 1.2% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.7M | 11,305 | 1.1% | 31 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $2.6M | 10,652 | 1.0% | 14 |
| MEXICO FD INC | [MXF](https://holderbook.com/stocks/MXF/) | $2.3M | 105,493 | 0.9% | 19 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $2.2M | 28,954 | 0.9% | 14 |
| CLOUGH GLOBAL OPPORTUNITIES | [GLO](https://holderbook.com/stocks/GLO/) | $2.2M | 356,008 | 0.9% | 12 |
| NEUBERGER NEXT GENERATION | [NBXG](https://holderbook.com/stocks/NBXG/) | $2.1M | 129,790 | 0.9% | 17 |
| MORGAN STANLEY CHINA A SH FD | [CAF](https://holderbook.com/stocks/CAF/) | $2.1M | 98,526 | 0.8% | 11 |
| EUROPEAN EQUITY FD INC | [EEA](https://holderbook.com/stocks/EEA/) | $2.1M | 188,070 | 0.8% | 10 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 5,840 | 0.8% | 3 |
| WESTERN AST INFL LKD OPP & I | [WIW](https://holderbook.com/stocks/WIW/) | $1.9M | 230,000 | 0.8% | 27 |
| NUVEEN FLOATING RATE INCOME | [JFR](https://holderbook.com/stocks/JFR/) | $1.9M | 250,000 | 0.8% | 2 |
| INVESCO SR INCOME TR | [VVR](https://holderbook.com/stocks/VVR/) | $1.9M | 620,000 | 0.7% | 3 |
| BLACKSTONE LONG SHORT CR INC | [BGX](https://holderbook.com/stocks/BGX/) | $1.8M | 170,000 | 0.7% | 2 |
| NUVEEN CR STRATEGIES INCOME | [JQC](https://holderbook.com/stocks/JQC/) | $1.8M | 380,000 | 0.7% | 3 |
| EATON VANCE SR INCOME TR | [EVF](https://holderbook.com/stocks/EVF/) | $1.8M | 370,000 | 0.7% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.8M | 9,190 | 0.7% | 11 |
| ABRDN NATL MUN INCOME FD | [VFL](https://holderbook.com/stocks/VFL/) | $1.8M | 174,693 | 0.7% | 13 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.8M | 3,558 | 0.7% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.8M | 3,147 | 0.7% | 14 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $1.8M | 44,100 | 0.7% | 14 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.7M | 3,635 | 0.7% | 14 |
| DIMENSIONAL ETF TRUST | [DFEV](https://holderbook.com/stocks/DFEV/) | $1.7M | 39,760 | 0.7% | 14 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.7M | 3,959 | 0.7% | 14 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $1.6M | 28,323 | 0.6% | 4 |
| CLOUGH GLOBAL DIVID & INCOME | [GLV](https://holderbook.com/stocks/GLV/) | $1.6M | 240,785 | 0.6% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.6M | 4,839 | 0.6% | 14 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.6M | 22,990 | 0.6% | 14 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.4M | 10,564 | 0.6% | 14 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $1.4M | 9,705 | 0.6% | 14 |
| SPROUTS FMRS MKT INC | [SFM](https://holderbook.com/stocks/SFM/) | $1.4M | 16,442 | 0.6% | 14 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $1.4M | 14,361 | 0.6% | 14 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.4M | 3,406 | 0.5% | 15 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $1.3M | 8,699 | 0.5% | 14 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.3M | 9,524 | 0.5% | 31 |
| NEUBERGER MUN FD INC | [NBH](https://holderbook.com/stocks/NBH/) | $1.3M | 123,161 | 0.5% | 11 |
| CREDIT SUISSE HIGH YIELD CRE | [DHY](https://holderbook.com/stocks/DHY/) | $1.3M | 728,498 | 0.5% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.3M | 1,369 | 0.5% | 15 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $1.3M | 4,200 | 0.5% | 2 |
| EXCHANGE TRADED CONCEPTS TRU | [THNQ](https://holderbook.com/stocks/THNQ/) | $1.2M | 13,427 | 0.5% | 4 |
| FEDERATED HERMES PREM MUNI I | [FMN](https://holderbook.com/stocks/FMN/) | $1.2M | 105,041 | 0.5% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.2M | 10,628 | 0.5% | 15 |
| BRANDYWINEGBL GBL INCM OPP F | [BWG](https://holderbook.com/stocks/BWG/) | $1.2M | 145,866 | 0.5% | 23 |
| MATTHEWS ASIA FDS | [MINV](https://holderbook.com/stocks/MINV/) | $1.1M | 18,505 | 0.4% | 14 |
| EATON VANCE SR FLTNG RTE TR | [EFR](https://holderbook.com/stocks/EFR/) | $1.1M | 100,012 | 0.4% | 1 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $1.1M | 58,563 | 0.4% | 2 |
| ISHARES TR | [ARTY](https://holderbook.com/stocks/ARTY/) | $918.4K | 12,059 | 0.4% | 8 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $903.9K | 940 | 0.4% | 7 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $880.2K | 12,611 | 0.4% | 14 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $876.8K | 2,800 | 0.4% | 14 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $873.5K | 4,727 | 0.3% | 14 |
| BLACKROCK MUNIHLDNGS CALI | [MUC](https://holderbook.com/stocks/MUC/) | $862.9K | 78,518 | 0.3% | 15 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $857.3K | 9,632 | 0.3% | 11 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $811.3K | 1,279 | 0.3% | 14 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $800.0K | 11,228 | 0.3% | 14 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $789.3K | 1,149 | 0.3% | 12 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $782.3K | 19,058 | 0.3% | 15 |
| WISDOMTREE TR | [DGS](https://holderbook.com/stocks/DGS/) | $745.3K | 11,518 | 0.3% | 14 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $738.4K | 5,611 | 0.3% | 14 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $687.4K | 8,823 | 0.3% | 4 |
| IONQ INC | [IONQ](https://holderbook.com/stocks/IONQ/) | $673.5K | 12,645 | 0.3% | 4 |
| ETF SER SOLUTIONS | [QTUM](https://holderbook.com/stocks/QTUM/) | $668.5K | 4,042 | 0.3% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $658.4K | 882 | 0.3% | 14 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $655.9K | 1,277 | 0.3% | 15 |
| VANECK ETF TRUST | [EMLC](https://holderbook.com/stocks/EMLC/) | $636.4K | 24,900 | 0.3% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $600.3K | 1,702 | 0.2% | 15 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $599.4K | 1,550 | 0.2% | 1 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $580.3K | 1,139 | 0.2% | 11 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $567.0K | 285 | 0.2% | 2 |
| BLACKROCK MUNIYIELD N Y QUAL | [MYN](https://holderbook.com/stocks/MYN/) | $558.0K | 54,972 | 0.2% | 2 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $555.2K | 3,500 | 0.2% | 2 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $548.4K | 6,300 | 0.2% | 6 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $535.8K | 11,272 | 0.2% | 3 |
| MATTHEWS ASIA FDS | [MEM](https://holderbook.com/stocks/MEM/) | $529.6K | 11,700 | 0.2% | 14 |
| ARS PHARMACEUTICALS INC | [SPRY](https://holderbook.com/stocks/SPRY/) | $526.3K | 65,701 | 0.2% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.4% | +14.8% | -3.4% | 99% |
| Q1 2026 | -1.1% | -4.6% | +3.6% | 98% |
| Q4 2025 | +1.0% | +2.4% | -1.4% | 97% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 97% |
| Q2 2025 | +8.0% | +10.5% | -2.5% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.6% | 100% |
| Q4 2024 | -2.7% | +2.1% | -4.8% | 100% |
| Q3 2024 | +7.5% | +5.4% | +2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $249.8M | 158 |
| Q1 2026 | $234.4M | 164 |
| Q4 2025 | $224.4M | 166 |
| Q3 2025 | $222.2M | 164 |
| Q2 2025 | $211.5M | 168 |
| Q1 2025 | $189.6M | 165 |
| Q4 2024 | $196.7M | 169 |
| Q3 2024 | $205.6M | 176 |
| Q2 2024 | $202.1M | 181 |
| Q1 2024 | $207.9M | 190 |
| Q4 2023 | $187.7M | 196 |
| Q3 2023 | $141.7M | 169 |