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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
+3.85%
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
$145M
AUM Growth
-$127M
Cap. Flow
-$132M
Cap. Flow %
-91.32%
Top 10 Hldgs %
41.03%
Holding
172
New
22
Increased
21
Reduced
33
Closed
35

Top Buys

Rank Stock Value
1
AMLP icon
Alerian MLP ETF
AMLP
+$13.5M
2
SBIO icon
ALPS Medical Breakthroughs ETF
SBIO
+$5.99M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$5.25M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$5.16M
5
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$2.49M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$13.4M
2
HFRO
Highland Opportunities and Income Fund
HFRO
+$13.3M
3
ADX icon
Adams Diversified Equity Fund
ADX
+$11.4M
4
CET
Central Securities Corp
CET
+$11.1M
5
KMF
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
+$8.38M

Sector Composition

Rank Sector Weight
1 Technology 13.61%
2 Healthcare 5.6%
3 Consumer Discretionary 5.4%
4 Financials 4.78%
5 Communication Services 1.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMLP icon
1
Alerian MLP ETF
AMLP
$12.9B
$13.1M 9.05%
+400,000
New +$13.5M
DGRO icon
2
iShares Core Dividend Growth ETF
DGRO
$42.2B
$8.39M 5.8%
150,915
+6,307
+4% +$337K
MSFT icon
3
Microsoft
MSFT
$2.83T
$6.04M 4.18%
17,971
-699
-4% -$227K
SBIO icon
4
ALPS Medical Breakthroughs ETF
SBIO
$204M
$6M 4.15%
142,044
+134,500
+1,783% +$5.99M
AAPL icon
5
Apple
AAPL
$4.72T
$5.94M 4.1%
33,446
-820
-2% -$130K
SPY icon
6
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$5.43M 3.76%
+11,442
New +$5.25M
QQQ icon
7
Invesco QQQ Trust
QQQ
$460B
$5.32M 3.67%
+13,362
New +$5.16M
ASND icon
8
Ascendis Pharma A/S
ASND
$16.6B
$3.21M 2.22%
23,840
+3,930
+20% +$585K
AMZN icon
9
Amazon
AMZN
$2.51T
$3.07M 2.12%
18,400
– –
LRCX icon
10
Lam Research
LRCX
$400B
$2.87M 1.99%
39,970
– –
BTX
11
BlackRock Technology and Private Equity Term Trust
BTX
$973M
$2.18M 1.51%
+150,000
New +$2.49M
USB icon
12
US Bancorp
USB
$98.7B
$2.12M 1.47%
37,778
+512
+1% +$30.3K
SEVN
13
Seven Hills Realty Trust
SEVN
$177M
$2.12M 1.47%
204,382
-83,336
-29% -$874K
PDX
14
PIMCO Dynamic Income Strategy Fund
PDX
$953M
$2.1M 1.45%
163,300
-346,700
-68% -$4.54M
NBXG
15
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.2B
$2.08M 1.43%
+120,000
New +$2.2M
CAF
16
Morgan Stanley China A Share Fund
CAF
$339M
$2.02M 1.39%
98,749
-183,286
-65% -$3.86M
GER
17
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
$1.92M 1.33%
186,400
+60,670
+48% +$661K
GOOGL icon
18
Alphabet (Google) Class A
GOOGL
$3.89T
$1.91M 1.32%
13,160
+400
+3% +$57.6K
NXDT
19
NexPoint Diversified Real Estate Trust
NXDT
$290M
$1.76M 1.22%
129,500
-582,500
-82% -$8.23M
TYG
20
Tortoise Energy Infrastructure Corp
TYG
$1.14B
$1.7M 1.17%
60,742
-203,958
-77% -$5.87M
CEE
21
Central and Eastern Europe Fund
CEE
$134M
$1.56M 1.08%
59,050
+26,344
+81% +$757K
SWAV
22
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$1.54M 1.06%
8,631
+545
+7% +$107K
CEM
23
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
$1.52M 1.05%
+56,526
New +$1.61M
ELV icon
24
Elevance Health
ELV
$82.3B
$1.52M 1.05%
3,272
-1,000
-23% -$421K
PSTH
25
DELISTED
Pershing Square Tontine Holdings, Ltd.
PSTH
$1.41M 0.97%
71,462
-675,538
-90% -$13.4M
1
2 3 4 5

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RGC
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HWMT
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ECA
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Matisse Capital's Q4 2021 Portfolio in Review

As of Q4 2021, Matisse Capital held 172 positions worth $145M, down 47% from $272M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Matisse Capital withdrew a net $132M in Q4 2021, closing 35 positions and reducing 33 holdings. Its most notable exit was Highland Opportunities and Income Fund, an estimated $13.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 6% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Matisse Capital opened a new position in Alerian MLP ETF worth $13.1M.

  • Matisse Capital's largest Q4 2021 buy was Alerian MLP ETF: 400,000 shares worth $13.1M.
  • Matisse Capital added most to ALPS Medical Breakthroughs ETF in Q4 2021, an estimated $5.99M increase.
  • Matisse Capital's biggest Q4 2021 reduction was Pershing Square Tontine Holdings, Ltd., cutting an estimated $13.4M.
  • Matisse Capital fully exited Highland Opportunities and Income Fund in Q4 2021, selling an estimated $13.3M.
  • Matisse Capital's ten largest holdings make up 41% of its $145M portfolio in Q4 2021.
  • Matisse Capital opened 22 new positions and closed 35 in Q4 2021.
  • Matisse Capital's portfolio value fell 47% quarter-over-quarter to $145M.

Based on Matisse Capital's 13F filing for Q4 2021, filed 4 Feb 2022.