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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
-0.22%
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
$78.5M
AUM Growth
-$4.33M
Cap. Flow
-$3.63M
Cap. Flow %
-4.63%
Top 10 Hldgs %
42.32%
Holding
105
New
8
Increased
21
Reduced
26
Closed
8

Top Buys

Rank Stock Value
1
NXDT
NexPoint Diversified Real Estate Trust
NXDT
+$2.89M
2
SWZ
Swiss Helvetia Fund
SWZ
+$1.32M
3
PEO
Adams Natural Resources Fund
PEO
+$1.09M
4
HGLB
Highland Global Allocation Fund
HGLB
+$955K
5
HFRO
Highland Opportunities and Income Fund
HFRO
+$745K

Top Sells

Rank Stock Value
1
MXF
Mexico Fund
MXF
+$3M
2
CHN
China Fund
CHN
+$1.75M
3
AEF
abrdn Emerging Markets Equity Income Fund
AEF
+$1.62M
4
EXD
Eaton Vance TaxManaged Buy-Write Strategy Fund
EXD
+$1.58M
5
CEE
Central and Eastern Europe Fund
CEE
+$1.15M

Sector Composition

Rank Sector Weight
1 Healthcare 8.43%
2 Real Estate 6.41%
3 Technology 5.93%
4 Consumer Discretionary 3.91%
5 Financials 3.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SLDB icon
51
Solid Biosciences
SLDB
$790M
$380K 0.48%
4,400
+20
+0.5% +$2.18K
FCT
52
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$377K 0.48%
31,300
– –
SBUX icon
53
Starbucks
SBUX
$119B
$373K 0.48%
4,445
-391
-8% -$30.7K
WCG
54
DELISTED
Wellcare Health Plans, Inc.
WCG
$368K 0.47%
1,290
– –
WMT icon
55
Walmart Inc
WMT
$889B
$367K 0.47%
9,960
– –
LRCX icon
56
Lam Research
LRCX
$365B
$361K 0.46%
19,200
-2,000
-9% -$37.9K
BCX icon
57
BlackRock Resources & Commodities Strategy Trust
BCX
$892M
$355K 0.45%
43,406
– –
MA icon
58
Mastercard
MA
$487B
$340K 0.43%
1,285
+175
+16% +$43.8K
ORBC
59
DELISTED
ORBCOMM, Inc.
ORBC
$334K 0.43%
46,080
+550
+1% +$3.92K
CEE
60
Central and Eastern Europe Fund
CEE
$137M
$325K 0.41%
11,957
-45,000
-79% -$1.15M
NTC
61
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$324K 0.41%
25,000
-4,500
-15% -$56.9K
COST icon
62
Costco
COST
$422B
$322K 0.41%
1,218
– –
HD icon
63
Home Depot
HD
$335B
$318K 0.41%
1,528
– –
MXIM
64
DELISTED
Maxim Integrated Products
MXIM
$313K 0.4%
5,233
– –
CVX icon
65
Chevron
CVX
$381B
$306K 0.39%
2,461
-200
-8% -$24.2K
JNJ icon
66
Johnson & Johnson
JNJ
$643B
$294K 0.37%
2,113
– –
T icon
67
AT&T
T
$167B
$286K 0.36%
+11,315
New +$271K
ISRG icon
68
Intuitive Surgical
ISRG
$127B
$284K 0.36%
1,623
-600
-27% -$103K
KALA icon
69
KALA BIO
KALA
$12.3M
$284K 0.36%
18
+1
+6% +$16.6K
FRA icon
70
BlackRock Floating Rate Income Strategies Fund
FRA
$382M
$272K 0.35%
21,200
– –
DAL icon
71
Delta Air Lines
DAL
$56.6B
$270K 0.34%
4,750
– –
SWAV
72
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$249K 0.32%
+4,370
New +$212K
ARDC
73
Are Dynamic Credit Allocation Fund
ARDC
$296M
$248K 0.32%
16,400
– –
VTI icon
74
Vanguard Total Stock Market ETF
VTI
$655B
$244K 0.31%
1,625
– –
HUM icon
75
Humana
HUM
$46.2B
$241K 0.31%
909
– –
1 2
3
4 5

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HWMT
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Matisse Capital's Q2 2019 Portfolio in Review

As of Q2 2019, Matisse Capital held 105 positions worth $78.5M, down 5.2% from $82.8M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Matisse Capital withdrew a net $3.63M in Q2 2019, closing 8 positions and reducing 26 holdings. Its most notable exit was China Fund, an estimated $1.75M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 8.4% of assets, down from 8.6% a quarter earlier, followed by Real Estate and Technology.

Against the trend, Matisse Capital opened a new position in Swiss Helvetia Fund worth $1.37M.

  • Matisse Capital's largest Q2 2019 buy was Swiss Helvetia Fund: 173,100 shares worth $1.37M.
  • Matisse Capital added most to NexPoint Diversified Real Estate Trust in Q2 2019, an estimated $2.89M increase.
  • Matisse Capital's biggest Q2 2019 reduction was Mexico Fund, cutting an estimated $3M.
  • Matisse Capital fully exited China Fund in Q2 2019, selling an estimated $1.75M.
  • Matisse Capital's ten largest holdings make up 42% of its $78.5M portfolio in Q2 2019.
  • Matisse Capital opened 8 new positions and closed 8 in Q2 2019.
  • Matisse Capital's portfolio value fell 5.2% quarter-over-quarter to $78.5M.

Based on Matisse Capital's 13F filing for Q2 2019, filed 13 Aug 2019.