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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
+2.77%
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
$250M
AUM Growth
-$51.1M
Cap. Flow
-$56M
Cap. Flow %
-22.42%
Top 10 Hldgs %
32.36%
Holding
172
New
17
Increased
21
Reduced
67
Closed
25

Top Buys

Rank Stock Value
1
TDF
Templeton Dragon Fund
TDF
+$2.44M
2
IGD
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
+$2.23M
3
CAF
Morgan Stanley China A Share Fund
CAF
+$2.04M
4
CHN
China Fund
CHN
+$2.01M
5
CET
Central Securities Corp
CET
+$1.68M

Top Sells

Rank Stock Value
1
FAX
abrdn Asia-Pacific Income Fund
FAX
+$7.71M
2
PCEF icon
Invesco CEF Income Composite ETF
PCEF
+$4.9M
3
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$3.54M
4
JRO
Nuveen Floating Rate Income Opportunty Fund
JRO
+$3.28M
5
JSD
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
+$3.23M

Sector Composition

Rank Sector Weight
1 Technology 3.48%
2 Financials 3.32%
3 Healthcare 2.58%
4 Consumer Discretionary 1.82%
5 Real Estate 1.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVG
76
Eaton Vance Short Duration Diversified Income Fund
EVG
$141M
$567K 0.23%
+49,517
New +$564K
NOC icon
77
Northrop Grumman
NOC
$77.1B
$563K 0.23%
1,785
– –
LMT icon
78
Lockheed Martin
LMT
$134B
$546K 0.22%
1,425
– –
GRF
79
Eagle Capital Growth Fund
GRF
$40M
$545K 0.22%
76,800
-2,800
-4% -$19.6K
HUM icon
80
Humana
HUM
$43.7B
$527K 0.21%
1,274
– –
MYJ
81
DELISTED
Blackrock Muni Yield New Jersey Fund, Inc.
MYJ
$523K 0.21%
+37,900
New +$535K
JGH icon
82
Nuveen Global High Income Fund
JGH
$352M
$516K 0.21%
+38,103
New +$528K
RVT icon
83
Royce Value Trust
RVT
$2.21B
$511K 0.2%
40,392
– –
GRX
84
Gabelli Healthcare & Wellness Trust
GRX
$144M
$494K 0.2%
47,848
-5,400
-10% -$56.4K
BRK.B icon
85
Berkshire Hathaway Class B
BRK.B
$1.1T
$470K 0.19%
2,205
– –
WMT icon
86
Walmart Inc
WMT
$885B
$465K 0.19%
9,960
– –
DHY
87
Credit Suisse High Yield Credit Fund
DHY
$242M
$454K 0.18%
215,000
-88,984
-29% -$186K
MA icon
88
Mastercard
MA
$502B
$448K 0.18%
1,325
– –
BGX
89
Blackstone Long-Short Credit Income Fund
BGX
$136M
$446K 0.18%
34,700
-23,780
-41% -$297K
HERZ
90
Herzfeld Credit Income Fund
HERZ
$32.3M
$436K 0.17%
15,595
– –
WIW
91
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$505M
$436K 0.17%
38,800
+28,100
+263% +$319K
BFZ
92
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$435K 0.17%
32,963
+19,663
+148% +$266K
KSM
93
DELISTED
DWS Strategic Municipal Income Trust
KSM
$434K 0.17%
40,029
+17,341
+76% +$190K
MED icon
94
Medifast
MED
$109M
$428K 0.17%
2,600
– –
HD icon
95
Home Depot
HD
$331B
$426K 0.17%
1,533
+5
+0.3% +$1.35K
BGB
96
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$404K 0.16%
33,101
-260,626
-89% -$3.07M
IFN
97
Aberdeen India Fund
IFN
$499M
$399K 0.16%
24,181
-1,600
-6% -$26.3K
WVE icon
98
Wave Life Sciences
WVE
$1.09B
$395K 0.16%
46,584
+2,510
+6% +$27.5K
COST icon
99
Costco
COST
$422B
$386K 0.15%
1,088
– –
ISRG icon
100
Intuitive Surgical
ISRG
$127B
$384K 0.15%
1,623
– –
2 3
4
5 6

Similar funds

BWM
Bernard Wealth Management Royal Oak, Michigan $234M AUM 27.82% 1-Year Est. Return
HWMT
Heritage Wealth Management (Texas) Houston, Texas $234M AUM 15.67% 1-Year Est. Return
SP
Saranac Partners London $234M AUM 14.11% 1-Year Est. Return
CF
CNA Financial Chicago, Illinois $235M AUM 3.39% 1-Year Est. Return
IAG
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AL3A
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JRPCML
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JHWEPV
J.H. Whitney Equity Partners VII New Canaan, Connecticut $233M AUM 18.82% 1-Year Est. Return

Matisse Capital's Q3 2020 Portfolio in Review

As of Q3 2020, Matisse Capital held 172 positions worth $250M, down 17% from $301M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Matisse Capital withdrew a net $56M in Q3 2020, closing 25 positions and reducing 67 holdings. Its most notable exit was Invesco CEF Income Composite ETF, an estimated $4.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 3.5% of assets, up from 2.7% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Matisse Capital opened a new position in Morgan Stanley Emerging Markets Debt Fund worth $638K.

  • Matisse Capital's largest Q3 2020 buy was Morgan Stanley Emerging Markets Debt Fund: 76,000 shares worth $638K.
  • Matisse Capital added most to Templeton Dragon Fund in Q3 2020, an estimated $2.44M increase.
  • Matisse Capital's biggest Q3 2020 reduction was abrdn Asia-Pacific Income Fund, cutting an estimated $7.71M.
  • Matisse Capital fully exited Invesco CEF Income Composite ETF in Q3 2020, selling an estimated $4.9M.
  • Matisse Capital's ten largest holdings make up 32% of its $250M portfolio in Q3 2020.
  • Matisse Capital opened 17 new positions and closed 25 in Q3 2020.
  • Matisse Capital's portfolio value fell 17% quarter-over-quarter to $250M.

Based on Matisse Capital's 13F filing for Q3 2020, filed 4 Nov 2020.