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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
+9.47%
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
$188M
AUM Growth
+$46M
Cap. Flow
+$31.6M
Cap. Flow %
16.82%
Top 10 Hldgs %
23.81%
Holding
220
New
51
Increased
63
Reduced
18
Closed
24

Top Buys

Rank Stock Value
1
STEW
SRH Total Return Fund
STEW
+$2.04M
2
NML
Neuberger Energy Infrastructure and Income Fund Inc
NML
+$1.98M
3
HERZ
Herzfeld Credit Income Fund
HERZ
+$1.86M
4
KF
Korea Fund
KF
+$1.82M
5
AAPL icon
Apple
AAPL
+$1.62M

Top Sells

Rank Stock Value
1
CEM
ClearBridge MLP and Midstream Fund Inc.
CEM
+$2.04M
2
FSCO
FS Credit Opportunities Corp
FSCO
+$1.63M
3
FAX
abrdn Asia-Pacific Income Fund
FAX
+$1.4M
4
WDI
Western Asset Diversified Income Fund
WDI
+$1.37M
5
JLS icon
Nuveen Mortgage and Income Fund
JLS
+$1.33M

Sector Composition

Rank Sector Weight
1 Technology 12.66%
2 Healthcare 7.11%
3 Financials 6.21%
4 Consumer Discretionary 4.38%
5 Industrials 3.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.72T
$8.72M 4.65%
45,302
+8,793
+24% +$1.62M
DGRO icon
2
iShares Core Dividend Growth ETF
DGRO
$42.2B
$7.26M 3.87%
134,848
-1,124
-0.8% -$57K
MSFT icon
3
Microsoft
MSFT
$2.83T
$6.99M 3.72%
18,585
+3,527
+23% +$1.26M
SWAV
4
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$4.43M 2.36%
23,247
+1,072
+5% +$203K
ASND icon
5
Ascendis Pharma A/S
ASND
$16.6B
$4.36M 2.32%
34,635
+8,380
+32% +$835K
LRCX icon
6
Lam Research
LRCX
$400B
$3.02M 1.61%
38,550
+15,830
+70% +$1.08M
BIV icon
7
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$2.6M 1.38%
33,990
+2,112
+7% +$155K
HERZ
8
Herzfeld Credit Income Fund
HERZ
$32.1M
$2.5M 1.33%
100,515
+78,222
+351% +$1.86M
DMA
9
Destra Multi-Alternative Fund
DMA
$69.1M
$2.46M 1.31%
395,307
+127,307
+48% +$788K
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$3.89T
$2.34M 1.25%
16,781
+2,026
+14% +$272K
AMZN icon
11
Amazon
AMZN
$2.51T
$2.28M 1.22%
15,034
+5,886
+64% +$825K
HGLB
12
Highland Global Allocation Fund
HGLB
$174M
$2.27M 1.21%
289,000
+119,000
+70% +$924K
BSTZ icon
13
BlackRock Science and Technology Term Trust
BSTZ
$1.99B
$2.26M 1.2%
135,000
+55,000
+69% +$889K
TWN
14
Taiwan Fund
TWN
$495M
$2.21M 1.18%
63,851
+18,851
+42% +$596K
HFRO
15
Highland Opportunities and Income Fund
HFRO
$404M
$2.19M 1.17%
285,000
+115,000
+68% +$909K
STEW
16
SRH Total Return Fund
STEW
$1.74B
$2.15M 1.15%
+155,000
New +$2.04M
TEAF
17
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$2.11M 1.12%
180,000
+118,026
+190% +$1.38M
NXDT
18
NexPoint Diversified Real Estate Trust
NXDT
$290M
$2.08M 1.11%
261,012
+111,012
+74% +$909K
MXE
19
Mexico Equity and Income Fund
MXE
$58.1M
$2.05M 1.09%
183,212
+51,212
+39% +$502K
NML
20
Neuberger Energy Infrastructure and Income Fund Inc
NML
$591M
$2.03M 1.08%
+295,359
New +$1.98M
KF
21
Korea Fund
KF
$259M
$2.01M 1.07%
+86,005
New +$1.82M
FSCO
22
FS Credit Opportunities Corp
FSCO
$997M
$1.87M 1%
329,852
-290,148
-47% -$1.63M
SEVN
23
Seven Hills Realty Trust
SEVN
$177M
$1.82M 0.97%
141,000
-59,000
-30% -$666K
VFL
24
DELISTED
abrdn National Municipal Income Fund
VFL
$1.81M 0.96%
177,120
+28,700
+19% +$260K
NBXG
25
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.2B
$1.75M 0.93%
160,000
– –
1
2 3 4 5

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Matisse Capital's Q4 2023 Portfolio in Review

As of Q4 2023, Matisse Capital held 220 positions worth $188M, up 32% from $142M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Matisse Capital deployed $31.6M of net new capital in Q4 2023, opening 51 new positions and adding to 63 existing holdings. Its largest new stake was SRH Total Return Fund: 155,000 shares worth $2.15M.

By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was FS Credit Opportunities Corp, an estimated $1.63M trimmed.

  • Matisse Capital's largest Q4 2023 buy was SRH Total Return Fund: 155,000 shares worth $2.15M.
  • Matisse Capital added most to Herzfeld Credit Income Fund in Q4 2023, an estimated $1.86M increase.
  • Matisse Capital's biggest Q4 2023 reduction was FS Credit Opportunities Corp, cutting an estimated $1.63M.
  • Matisse Capital fully exited ClearBridge MLP and Midstream Fund Inc. in Q4 2023, selling an estimated $2.04M.
  • Matisse Capital's ten largest holdings make up 24% of its $188M portfolio in Q4 2023.
  • Matisse Capital opened 51 new positions and closed 24 in Q4 2023.
  • Matisse Capital's portfolio value rose 32% quarter-over-quarter to $188M.

Based on Matisse Capital's 13F filing for Q4 2023, filed 8 Feb 2024.