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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
+2.59%
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
$111M
AUM Growth
-$15M
Cap. Flow
-$17.1M
Cap. Flow %
-15.34%
Top 10 Hldgs %
34.54%
Holding
133
New
12
Increased
28
Reduced
61
Closed
13

Top Buys

Rank Stock Value
1
NAZ icon
Nuveen Arizona Quality Municipal Income Fund
NAZ
+$1.33M
2
MYJ
Blackrock Muni Yield New Jersey Fund, Inc.
MYJ
+$1.16M
3
EXD
Eaton Vance TaxManaged Buy-Write Strategy Fund
EXD
+$984K
4
MUJ icon
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
+$912K
5
BFY
BlackRock New York Municipal Income Trust II
BFY
+$643K

Top Sells

Rank Stock Value
1
CET
Central Securities Corp
CET
+$3.8M
2
NXJ
Nuveen New Jersey Quality Municipal Income Fund
NXJ
+$3.14M
3
TDF
Templeton Dragon Fund
TDF
+$1.89M
4
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$869K
5
GRX
Gabelli Healthcare & Wellness Trust
GRX
+$813K

Sector Composition

Rank Sector Weight
1 Healthcare 4.8%
2 Real Estate 4.53%
3 Technology 4.23%
4 Consumer Discretionary 3.49%
5 Financials 3.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEF
1
abrdn Emerging Markets Equity Income Fund
AEF
$359M
$5.14M 4.61%
749,598
-39,033
-5% -$269K
SEVN
2
Seven Hills Realty Trust
SEVN
$180M
$5.05M 4.53%
281,030
-32,445
-10% -$600K
GDL
3
GDL Fund
GDL
$91.4M
$4.36M 3.91%
480,044
-46,526
-9% -$427K
DNI
4
DELISTED
Dividend and Income Fund
DNI
$4.16M 3.73%
348,538
-26,069
-7% -$320K
MXF
5
Mexico Fund
MXF
$308M
$3.93M 3.52%
240,841
-15,731
-6% -$253K
MSF
6
DELISTED
Morgan Stanley Emerging Mkts Fd
MSF
$3.79M 3.4%
242,904
-18,299
-7% -$293K
NXDT
7
NexPoint Diversified Real Estate Trust
NXDT
$281M
$3.26M 2.93%
145,733
+900
+0.6% +$20.3K
EGIF
8
DELISTED
Eagle Growth and Income Opportunities Fund
EGIF
$3.1M 2.78%
203,800
-13,600
-6% -$212K
CHN
9
DELISTED
China Fund
CHN
$2.95M 2.65%
150,529
-17,063
-10% -$341K
NUM
10
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
$2.75M 2.47%
222,566
-7,255
-3% -$91.3K
EVM
11
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$2.57M 2.31%
258,344
+2,300
+0.9% +$23.6K
NKG
12
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$2.43M 2.18%
220,700
+46,486
+27% +$521K
LDF
13
DELISTED
Latin American Discovery Fund
LDF
$2.38M 2.13%
212,359
-6,168
-3% -$65.3K
CEE
14
Central and Eastern Europe Fund
CEE
$135M
$2.32M 2.08%
96,585
-23,028
-19% -$539K
WVE icon
15
Wave Life Sciences
WVE
$1.11B
$2.12M 1.9%
42,319
+5,085
+14% +$229K
BFY
16
DELISTED
BlackRock New York Municipal Income Trust II
BFY
$1.96M 1.76%
153,300
+50,335
+49% +$643K
USB icon
17
US Bancorp
USB
$98.4B
$1.94M 1.74%
36,766
– –
EVJ
18
DELISTED
Eaton Vance New Jersey Municipal Income Trust
EVJ
$1.78M 1.6%
156,048
-9,939
-6% -$115K
MSFT icon
19
Microsoft
MSFT
$2.83T
$1.73M 1.55%
15,143
+959
+7% +$104K
AAPL icon
20
Apple
AAPL
$4.72T
$1.62M 1.45%
28,636
– –
CET
21
Central Securities Corp
CET
$1.55B
$1.57M 1.41%
53,343
-131,831
-71% -$3.8M
NXJ
22
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$1.57M 1.41%
122,178
-241,310
-66% -$3.14M
PEO
23
Adams Natural Resources Fund
PEO
$760M
$1.54M 1.38%
80,434
-28,442
-26% -$541K
APB
24
DELISTED
Asia Pacific Fund
APB
$1.54M 1.38%
113,940
-10,729
-9% -$144K
AMZN icon
25
Amazon
AMZN
$2.53T
$1.28M 1.15%
12,760
-200
-2% -$18.8K
1
2 3 4 5

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HWMT
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ECA
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Matisse Capital's Q3 2018 Portfolio in Review

As of Q3 2018, Matisse Capital held 133 positions worth $111M, down 12% from $126M the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Matisse Capital withdrew a net $17.1M in Q3 2018, closing 13 positions and reducing 61 holdings. Its most notable exit was Sage Therapeutics, an estimated $391K position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 4.8% of assets, up from 3.6% a quarter earlier, followed by Real Estate and Technology.

Against the trend, Matisse Capital opened a new position in Nuveen Arizona Quality Municipal Income Fund worth $1.25M.

  • Matisse Capital's largest Q3 2018 buy was Nuveen Arizona Quality Municipal Income Fund: 107,024 shares worth $1.25M.
  • Matisse Capital added most to BlackRock New York Municipal Income Trust II in Q3 2018, an estimated $643K increase.
  • Matisse Capital's biggest Q3 2018 reduction was Central Securities Corp, cutting an estimated $3.8M.
  • Matisse Capital fully exited Sage Therapeutics in Q3 2018, selling an estimated $391K.
  • Matisse Capital's ten largest holdings make up 35% of its $111M portfolio in Q3 2018.
  • Matisse Capital opened 12 new positions and closed 13 in Q3 2018.
  • Matisse Capital's portfolio value fell 12% quarter-over-quarter to $111M.

Based on Matisse Capital's 13F filing for Q3 2018, filed 30 Oct 2018.