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Matisse Capital Portfolio holdings

AUM $234M
1-Year Est. Return 19.72%
This Fund
S&P 500
This Quarter Est. Return
-1.21%
1 Year Est. Return
+19.72%
3 Year Est. Return
+52.07%
5 Year Est. Return
+45.94%
10 Year Est. Return
+148.24%
AUM
$126M
AUM Growth
-$38.6M
Cap. Flow
-$36.3M
Cap. Flow %
-28.71%
Top 10 Hldgs %
36.05%
Holding
144
New
15
Increased
15
Reduced
65
Closed
23

Top Buys

Rank Stock Value
1
AEF
abrdn Emerging Markets Equity Income Fund
AEF
+$5.18M
2
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$3.32M
3
NKG
Nuveen Georgia Quality Municipal Income Fund
NKG
+$1.98M
4
EVM
Eaton Vance California Municipal Bond Fund
EVM
+$1.67M
5
BFY
BlackRock New York Municipal Income Trust II
BFY
+$1.33M

Top Sells

Rank Stock Value
1
NTC
Nuveen Connecticut Quality Municipal Income Fund
NTC
+$4.72M
2
GCH
Aberdeen Greater China Fund
GCH
+$3.88M
3
ABE
Aberdeen Emerging Markets Smaller Company Opportunities Fund
ABE
+$3.2M
4
LAQ
Aberdeen Latin America Equity Fund
LAQ
+$2.7M
5
CAF
Morgan Stanley China A Share Fund
CAF
+$2.48M

Sector Composition

Rank Sector Weight
1 Real Estate 4.53%
2 Healthcare 3.58%
3 Technology 3.41%
4 Consumer Discretionary 2.98%
5 Financials 2.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BFY
26
DELISTED
BlackRock New York Municipal Income Trust II
BFY
$1.32M 1.05%
+102,965
New +$1.33M
GAM
27
General American Investors Company
GAM
$1.54B
$1.23M 0.97%
35,836
-25,659
-42% -$880K
GGZ
28
Gabelli Global Small and Mid-Cap Value Trust
GGZ
$121M
$1.21M 0.96%
100,188
-4,800
-5% -$58.1K
STEW
29
SRH Total Return Fund
STEW
$1.75B
$1.21M 0.96%
118,097
-82,319
-41% -$883K
ADX icon
30
Adams Diversified Equity Fund
ADX
$3.17B
$1.19M 0.94%
77,354
-64,018
-45% -$972K
NQP
31
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$1.18M 0.93%
93,259
-22,225
-19% -$278K
EMJ
32
DELISTED
Eaton Vance New Jersey Municipal Bond Fund
EMJ
$1.15M 0.91%
98,020
-21,445
-18% -$251K
FSD
33
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$1.11M 0.88%
+75,716
New +$1.13M
AMZN icon
34
Amazon
AMZN
$2.5T
$1.1M 0.87%
12,960
+200
+2% +$15.9K
TWN
35
Taiwan Fund
TWN
$493M
$1.03M 0.81%
51,078
-821
-2% -$17K
ASND icon
36
Ascendis Pharma A/S
ASND
$16.7B
$951K 0.75%
14,300
+5,200
+57% +$342K
GRX
37
Gabelli Healthcare & Wellness Trust
GRX
$141M
$940K 0.74%
93,775
-72,686
-44% -$709K
NBO
38
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$919K 0.73%
80,013
-25,005
-24% -$290K
ASA
39
ASA Gold and Precious Metals
ASA
$948M
$911K 0.72%
89,330
-97,586
-52% -$1.03M
BCX icon
40
BlackRock Resources & Commodities Strategy Trust
BCX
$899M
$908K 0.72%
97,710
-71,065
-42% -$673K
IGR
41
CBRE Global Real Estate Income Fund
IGR
$712M
$908K 0.72%
120,415
-80,475
-40% -$597K
CAF
42
Morgan Stanley China A Share Fund
CAF
$334M
$891K 0.7%
38,600
-97,436
-72% -$2.48M
USA icon
43
Liberty All-Star Equity Fund
USA
$1.75B
$888K 0.7%
138,730
-99,383
-42% -$633K
EMD
44
Western Asset Emerging Markets Debt Fund
EMD
$609M
$872K 0.69%
65,722
-53,278
-45% -$739K
EMI
45
DELISTED
Eaton Vance Michigan Municipal Income Trust
EMI
$866K 0.68%
67,110
-4,400
-6% -$55.3K
NMY
46
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$835K 0.66%
68,859
-11,000
-14% -$133K
INTC icon
47
Intel
INTC
$466B
$831K 0.66%
16,712
-11,499
-41% -$611K
NKE icon
48
Nike
NKE
$61.9B
$793K 0.63%
9,954
-750
-7% -$52.8K
VHT icon
49
Vanguard Health Care ETF
VHT
$18.2B
$790K 0.62%
4,964
+188
+4% +$29.6K
RGT
50
Royce Global Value Trust
RGT
$95.8M
$773K 0.61%
73,555
-62,510
-46% -$683K
1
2
3 4 5

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Matisse Capital's Q2 2018 Portfolio in Review

As of Q2 2018, Matisse Capital held 144 positions worth $126M, down 23% from $165M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Matisse Capital withdrew a net $36.3M in Q2 2018, closing 23 positions and reducing 65 holdings. Its most notable exit was Aberdeen Greater China Fund, an estimated $3.88M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 4.5% of assets, up from 3.7% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Matisse Capital opened a new position in NexPoint Diversified Real Estate Trust worth $3.18M.

  • Matisse Capital's largest Q2 2018 buy was NexPoint Diversified Real Estate Trust: 144,833 shares worth $3.18M.
  • Matisse Capital added most to abrdn Emerging Markets Equity Income Fund in Q2 2018, an estimated $5.18M increase.
  • Matisse Capital's biggest Q2 2018 reduction was Nuveen Connecticut Quality Municipal Income Fund, cutting an estimated $4.72M.
  • Matisse Capital fully exited Aberdeen Greater China Fund in Q2 2018, selling an estimated $3.88M.
  • Matisse Capital's ten largest holdings make up 36% of its $126M portfolio in Q2 2018.
  • Matisse Capital opened 15 new positions and closed 23 in Q2 2018.
  • Matisse Capital's portfolio value fell 23% quarter-over-quarter to $126M.

Based on Matisse Capital's 13F filing for Q2 2018, filed 13 Jul 2018.