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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
NXDT
1
NexPoint Diversified Real Estate Trust
NXDT
$290M
$5.54M 7.05%
292,621
+145,288
+99% +$2.89M
SEVN
2
Seven Hills Realty Trust
SEVN
$183M
$5.03M 6.41%
274,541
– –
GDL
3
GDL Fund
GDL
$92M
$4.25M 5.42%
459,264
– –
DNI
4
DELISTED
Dividend and Income Fund
DNI
$4.08M 5.2%
353,858
– –
EGIF
5
DELISTED
Eagle Growth and Income Opportunities Fund
EGIF
$3.45M 4.39%
224,400
– –
PEO
6
Adams Natural Resources Fund
PEO
$751M
$2.4M 3.06%
150,964
+68,823
+84% +$1.09M
STEW
7
SRH Total Return Fund
STEW
$1.76B
$2.3M 2.93%
204,801
+25,308
+14% +$278K
GGZ
8
Gabelli Global Small and Mid-Cap Value Trust
GGZ
$122M
$2.25M 2.86%
193,504
-27,296
-12% -$317K
MSFT icon
9
Microsoft
MSFT
$2.9T
$1.99M 2.54%
14,863
-100
-0.7% -$12.7K
USB icon
10
US Bancorp
USB
$100B
$1.93M 2.46%
36,766
– –
SMM
11
DELISTED
Salient Midstream & MLP Fund
SMM
$1.83M 2.33%
212,700
– –
HGLB
12
Highland Global Allocation Fund
HGLB
$178M
$1.75M 2.22%
155,300
+79,902
+106% +$955K
CTR
13
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$1.71M 2.18%
36,530
-5,950
-14% -$283K
CET
14
Central Securities Corp
CET
$1.56B
$1.71M 2.18%
56,064
-6,974
-11% -$206K
WVE icon
15
Wave Life Sciences
WVE
$1.1B
$1.59M 2.02%
60,826
+15,715
+35% +$441K
KMF
16
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$1.53M 1.95%
131,927
-35,073
-21% -$412K
AAPL icon
17
Apple
AAPL
$4.79T
$1.43M 1.82%
28,936
-852
-3% -$41.5K
SWZ
18
Swiss Helvetia Fund
SWZ
$76.4M
$1.37M 1.74%
+173,100
New +$1.32M
NAZ icon
19
Nuveen Arizona Quality Municipal Income Fund
NAZ
$161M
$1.32M 1.68%
100,937
-53,980
-35% -$695K
AMZN icon
20
Amazon
AMZN
$2.63T
$1.19M 1.52%
12,560
-1,000
-7% -$93.2K
IRL
21
DELISTED
NEW IRELAND FUND INC
IRL
$1.17M 1.49%
130,409
+54,602
+72% +$501K
ASND icon
22
Ascendis Pharma A/S
ASND
$16.5B
$1.16M 1.47%
10,030
-100
-1% -$12K
THOR
23
DELISTED
Synthorx, Inc. Common Stock
THOR
$946K 1.21%
70,033
+5,700
+9% +$91.4K
EEMS icon
24
iShares MSCI Emerging Markets Small-Cap ETF
EEMS
$362M
$939K 1.2%
21,164
+164
+0.8% +$7.24K
INTC icon
25
Intel
INTC
$516B
$839K 1.07%
17,527
-9
-0.1% -$446
1
2 3 4 5

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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.