Matisse Capital

13F filer, CIK 1668256, PORTLAND, OR

Matisse Capital reported $189,618,369 across 165 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-04-24. Its ten largest share positions make up 24.49% of the portfolio.

Filed 2025-04-24 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001668256-25-000003

Period: 2025-03-31
Reported value: $190M
Holdings: 165
Top 10 weight: 24.49%
New: 6
Sold out: 10

Largest buys vs the previous quarter

Security	Shares change	Approx. value
CHINA FD INCadded	+90,981	$1.17M
EEAadded	+107,172	$975K
GGZnew	+71,849	$862K
SPRYnew	+55,714	$701K
SFMadded	+3,900	$595K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
TYGexited	-61,020	-$2.56M
HERZFELD CREDIT INCOME FUNDexited	-987,174	-$2.31M
ABRDN JAPAN EQUITY FUND INCexited	-201,263	-$1.16M
BTXexited	-139,734	-$1.04M
TEIexited	-180,541	-$926K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001668256-25-000003, largest first. % of portfolio is the value over $189,618,369, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
AAPLAPPLE INC	39,660	$8.81M	4.65%	-476	Timeline
DGROISHARES TR	115,064	$7.11M	3.75%	+67	Timeline
MSFTMICROSOFT CORP	16,966	$6.37M	3.36%	-83	Timeline
ASNDASCENDIS PHARMA A/S	29,674	$4.62M	2.44%	-822	Timeline
DMADESTRA MULTI-ALTERNATIVE FD	395,307	$3.35M	1.77%	0	Timeline
DMBBNY MELLON MUN BD INFRASTRUC	314,245	$3.32M	1.75%	0	Timeline
TDFTEMPLETON DRAGON FD INC	342,000	$3.32M	1.75%	+13,000	Timeline
HGLBHIGHLAND GLOBAL ALLOCATION F	393,000	$3.27M	1.73%	0	Timeline
SFMSPROUTS FMRS MKT INC	20,668	$3.15M	1.66%	+3,900	Timeline
STEWSRH TOTAL RETURN FUND INC	180,000	$3.1M	1.64%	0	Timeline
XCAFXMORGAN STANLEY CHINA A SH FD	233,000	$3.05M	1.61%	0	Timeline
JOFJAPAN SMALLER CAPITALIZATION	362,000	$3.04M	1.6%	0	Timeline
HFROHIGHLAND OPPS & INCOME FD	583,387	$3.03M	1.6%	+74,387	Timeline
MXFMEXICO FD INC	205,000	$2.92M	1.54%	+10,000	Timeline
CETCENTRAL SECS CORP	60,000	$2.7M	1.42%	0	Timeline
ECOFIN SUSTAINABLE & SOC IM…ECOFIN SUSTAINABLE & SOC IMP T	227,000	$2.58M	1.36%	0
NXDTNEXPOINT DIVERSIFIED REL ET	665,917	$2.55M	1.35%	+136,968	Timeline
BIVVANGUARD BD INDEX FDS	32,732	$2.51M	1.32%	-204	Timeline
AMZNAMAZON COM INC	13,105	$2.49M	1.31%	+7	Timeline
TWNTAIWAN FD INC	75,000	$2.49M	1.31%	+5,000	Timeline
GLOCLOUGH GLOBAL OPPORTUNITIES	503,202	$2.46M	1.3%	0	Timeline
VBKVANGUARD INDEX FDS	9,554	$2.41M	1.27%	0	Timeline
GOOGLALPHABET INC	15,379	$2.38M	1.25%	+10	Timeline
BTTBLACKROCK MUN TARGET TERM TR	100,739	$2.14M	1.13%	0	Timeline
LRCXLAM RESEARCH CORP	29,170	$2.12M	1.12%	-5,500	Timeline
MXEMEXICO EQUITY & INCOME FD	237,827	$2.07M	1.09%	0	Timeline
WIWWESTERN AST INFL LKD OPP & I	230,533	$2.03M	1.07%	0	Timeline
PIMCO CALIFORNIA MUNICIPAL …PIMCO CALIFORNIA MUNICIPAL INC	358,504	$2.02M	1.07%	0
VBRVANGUARD INDEX FDS	10,652	$1.98M	1.05%	0	Timeline
METAMETA PLATFORMS INC	3,291	$1.9M	1%	-5	Timeline
PNIPIMCO NEW YORK MUN FD II	250,000	$1.77M	0.93%	0	Timeline
VFLABRDN NATL MUN INCOME FD	170,000	$1.72M	0.91%	0	Timeline
PIMCO NY MUNICIPAL INCOME FDPIMCO NY MUNICIPAL INCOME FD	230,000	$1.72M	0.91%	0
EEAEUROPEAN EQUITY FD INC	188,070	$1.71M	0.9%	+107,172	Timeline
COSTCOSTCO WHOLESALE CORPORATION	1,806	$1.71M	0.9%	+50	Timeline
EDDMORGAN STANLEY EMERGING MKTS	361,421	$1.7M	0.9%	0	Timeline
PMOFRANKLIN MUN OPPORTUNITIES T	166,367	$1.7M	0.89%	-23,633	Timeline
LEOBNY MELLON STRATEGIC MUNS IN	273,100	$1.67M	0.88%	0	Timeline
OPPRIVERNORTH DOUBLELINE STRATE	188,013	$1.61M	0.85%	-3,709	Timeline
NBXGNEUBERGER NEXT GENERATION	129,790	$1.59M	0.84%	0	Timeline
PFOFLAHERTY & CRUMRINE PFD INCO	170,775	$1.57M	0.83%	0	Timeline
RABROOKFIELD REAL ASSETS INCOM	115,000	$1.51M	0.8%	0	Timeline
PFDFLAHERTY & CRUMRINE PFD INCO	134,805	$1.51M	0.8%	0	Timeline
NBHNEUBERGER MUN FD INC	135,900	$1.41M	0.75%	0	Timeline
ETNEATON CORP PLC	5,145	$1.4M	0.74%	0	Timeline
CHINA FD INCCHINA FD INC	104,905	$1.35M	0.71%	+90,981
GLVCLOUGH GLOBAL DIVID & INCOME	241,595	$1.32M	0.7%	-23,447	Timeline
EMBISHARES TR	14,300	$1.3M	0.68%	-4	Timeline
DISVDIMENSIONAL ETF TRUST	44,100	$1.28M	0.68%	0	Timeline
FLCFLAHERTY & CRUMRINE TOTAL RE	76,304	$1.28M	0.68%	-18,996	Timeline
VVISA INC	3,638	$1.27M	0.67%	-60	Timeline
MIYBLACKROCK MUNIYIELD MICH QU	110,749	$1.26M	0.66%	0	Timeline
XOMEXXON MOBIL CORP	10,534	$1.25M	0.66%	+60	Timeline
BWGBRANDYWINEGBL GBL INCM OPP F	149,900	$1.25M	0.66%	0	Timeline
ACMAECOM	12,611	$1.17M	0.62%	0	Timeline
JPMJPMORGAN CHASE & CO	4,631	$1.14M	0.6%	+50	Timeline
MUJBLACKROCK MUNIHLDGS NJ QLTY	100,700	$1.13M	0.6%	0	Timeline
DFEVDIMENSIONAL ETF TRUST	39,760	$1.08M	0.57%	0	Timeline
PRCTPROCEPT BIOROBOTICS CORP	18,320	$1.07M	0.56%	-3,965	Timeline
SCHWCHARLES SCHWAB CORP (THE)	13,270	$1.04M	0.55%	-250	Timeline
ELVELEVANCE HEALTH INC FORMERLY	2,350	$1.02M	0.54%	0	Timeline
TSCOTRACTOR SUPPLY CO	18,290	$1.01M	0.53%	0	Timeline
EEMISHARES TR	22,990	$1M	0.53%	0	Timeline
SOFISOFI TECHNOLOGIES INC	81,045	$943K	0.5%	-775	Timeline
WMTWALMART INC	10,617	$932K	0.49%	0	Timeline
IIFMORGAN STANLEY INDIA INVT FD	37,950	$926K	0.49%	0	Timeline
XCMUXMFS HIGH YIELD MUN TR	262,208	$915K	0.48%	-23,850	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	1,676	$893K	0.47%	0	Timeline
BLKBLACKROCK INC	943	$893K	0.47%	+3	Timeline
GRXGABELLI HEALTHCARE & WELLNES	87,125	$878K	0.46%	-14,071	Timeline
VERONA PHARMA PLCVERONA PHARMA PLC	13,794	$876K	0.46%	-606
GGZGABELLI GLOBAL SMALL & MID C	71,849	$862K	0.45%	new	Timeline
MUCBLACKROCK MUNIHLDNGS CALI	78,600	$842K	0.44%	0	Timeline
PIMCO NEW YORK MUN INCMPIMCO NEW YORK MUN INCM	143,602	$810K	0.43%	0
NVDANVIDIA CORPORATION	7,367	$798K	0.42%	-945	Timeline
JCIJOHNSON CONTROLS INTERNATION	9,705	$777K	0.41%	0	Timeline
STESTERIS PLC	3,397	$770K	0.41%	0	Timeline
NTAPNETAPP INC	8,699	$764K	0.4%	0	Timeline
EMOCLEARBRIDGE ENERGY MIDSTREAM	14,835	$736K	0.39%	0	Timeline
MAMASTERCARD INCORPORATED	1,329	$728K	0.38%	+1	Timeline
QCOMQUALCOMM INC	4,727	$726K	0.38%	-17	Timeline
LOWLOWES COS INC	3,098	$723K	0.38%	0	Timeline
FISVFISERV INC	3,248	$717K	0.38%	0	Timeline
BLACKROCK N Y MUN INCOME TRUBLACKROCK N Y MUN INCOME TRU	69,921	$711K	0.38%	0
VFHVANGUARD WORLD FD	5,871	$701K	0.37%	-40	Timeline
SPRYARS PHARMACEUTICALS INC	55,714	$701K	0.37%	new	Timeline
FDXFEDEX CORP	2,843	$693K	0.37%	0	Timeline
ADIANALOG DEVICES INC	3,416	$689K	0.36%	0	Timeline
CXHMFS INVT GRADE MUN TR	86,381	$684K	0.36%	-547	Timeline
IDEVISHARES TR	9,714	$669K	0.35%	+144	Timeline
XPCQXPIMCO CALIF MUN INCOME FD	73,452	$650K	0.34%	+1,747	Timeline
NKENIKE INC	10,060	$639K	0.34%	+1,810	Timeline
VOOVANGUARD INDEX FDS	1,217	$625K	0.33%	+46	Timeline
VEAVANGUARD TAX-MANAGED FDS	12,113	$616K	0.32%	-51	Timeline
DEDEERE & CO	1,280	$601K	0.32%	-2	Timeline
EMLCVANECK ETF TRUST	24,900	$594K	0.31%	0	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	3,561	$591K	0.31%	+38	Timeline
AEFABRDN EMERGING MARKETS EX CH	116,975	$580K	0.31%	+11,489	Timeline
EMFTEMPLETON EMERGING MKTS FD	44,430	$571K	0.3%	+16,630	Timeline
DGSWISDOMTREE TR	11,518	$556K	0.29%	0	Timeline
VGIVIRTUS GLOBAL MULTI-SECTOR I	71,295	$552K	0.29%	0	Timeline
UNPUNION PAC CORP	2,291	$541K	0.29%	0	Timeline
HDHOME DEPOT INC	1,421	$521K	0.27%	+5	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	928	$519K	0.27%	+202	Timeline
NTRNUTRIEN LTD	10,256	$509K	0.27%	0	Timeline
LMTLOCKHEED MARTIN CORP	1,133	$506K	0.27%	-49	Timeline
SBUXSTARBUCKS CORP	5,078	$498K	0.26%	+10	Timeline
CEETHE CENTRAL AND EASTERN EU I	33,995	$491K	0.26%	0	Timeline
LNCLINCOLN NATL CORP IND	13,500	$485K	0.26%	0	Timeline
UNHUNITEDHEALTH GROUP INC	911	$477K	0.25%	-19	Timeline
XGLQXCLOUGH GLOBAL EQUITY FD	73,483	$462K	0.24%	0	Timeline
USBUS BANCORP	10,783	$455K	0.24%	0	Timeline
MINVMATTHEWS ASIA FDS	15,928	$446K	0.24%	0	Timeline
XWIAXWESTERN ASSET INFLT LNK INC	53,254	$444K	0.23%	0	Timeline
KFKOREA FD INC	21,710	$433K	0.23%	+5,946	Timeline
ARTYISHARES TR	13,291	$418K	0.22%	+810	Timeline
QQQINVESCO QQQ TR	848	$398K	0.21%	+11	Timeline
XNQPXNUVEEN PA INVT QUALITY MUN F	34,440	$386K	0.2%	0	Timeline
XFFCXFLAHERTY & CRUMRIN PFD & INM	23,907	$381K	0.2%	0	Timeline
IWDISHARES TR	2,009	$378K	0.2%	+1	Timeline
CVXCHEVRON CORPORATION	2,180	$365K	0.19%	+4	Timeline
RGTROYCE GLOBAL TRUST INC	32,942	$346K	0.18%	new	Timeline
MEMMATTHEWS ASIA FDS	11,700	$343K	0.18%	0	Timeline
PLTRPALANTIR TECHNOLOGIES INC	4,000	$338K	0.18%	new	Timeline
IBKRINTERACTIVE BROKERS GROUP IN	2,000	$331K	0.17%	new	Timeline
IWFISHARES TR	907	$328K	0.17%	0	Timeline
QTUMETF SER SOLUTIONS	4,383	$327K	0.17%	+450	Timeline
VWOVANGUARD INTL EQUITY INDEX F	7,107	$322K	0.17%	0	Timeline
INTCINTEL CORP	13,985	$318K	0.17%	+3,026	Timeline
VCSHVANGUARD SCOTTSDALE FDS	4,000	$316K	0.17%	-30	Timeline
FLIAFRANKLIN TEMPLETON ETF TR	15,600	$315K	0.17%	0	Timeline
DFACDIMENSIONAL ETF TRUST	9,403	$310K	0.16%	+23	Timeline
CSCOCISCO SYS INC	5,011	$309K	0.16%	+4	Timeline
DFSDDIMENSIONAL ETF TRUST	6,500	$309K	0.16%	0	Timeline
JPIEJ P MORGAN EXCHANGE TRADED F	6,700	$309K	0.16%	0	Timeline
MMUWESTERN ASSET MANAGED MUNS F	29,650	$305K	0.16%	0	Timeline
DFCFDIMENSIONAL ETF TRUST	7,200	$303K	0.16%	0	Timeline
IVVISHARES TR	538	$302K	0.16%	-31	Timeline
JNJJOHNSON & JOHNSON	1,820	$302K	0.16%	-45	Timeline
VUGVANGUARD INDEX FDS	804	$298K	0.16%	0	Timeline
BHVBLACKROCK VA MUN BD TR	26,646	$284K	0.15%	0	Timeline
FULCFULCRUM THERAPEUTICS INC	96,717	$279K	0.15%	-31,728	Timeline
PGPROCTER & GAMBLE CO	1,633	$278K	0.15%	-39	Timeline
IQIINVESCO QUALITY MUN INCOME T	28,645	$277K	0.15%	-23,392	Timeline
DFIVDIMENSIONAL ETF TRUST	7,000	$276K	0.15%	0	Timeline
VTIVANGUARD INDEX FDS	995	$273K	0.14%	0	Timeline
GDGENERAL DYNAMICS CORP	1,000	$273K	0.14%	0	Timeline
DFAEDIMENSIONAL ETF TRUST	10,438	$270K	0.14%	+186	Timeline
VSSVANGUARD INTL EQUITY INDEX F	2,337	$270K	0.14%	0	Timeline
CXEMFS HIGH INCOME MUN TR	73,090	$270K	0.14%	0	Timeline
GAMGENERAL AMERN INVS CO INC	5,300	$267K	0.14%	0	Timeline
NFLXNETFLIX INC.	280	$261K	0.14%	0	Timeline
ITWILLINOIS TOOL WKS INC	1,000	$248K	0.13%	0	Timeline
BNYBANK OF NY MELLON CORP	2,940	$247K	0.13%	0	Timeline
VTVANGUARD INTL EQUITY INDEX F	2,085	$242K	0.13%	+12	Timeline
XEMDXWESTERN ASSET EMERGING MKTS	23,226	$230K	0.12%	0	Timeline
SCHVSCHWAB STRATEGIC TR	8,503	$226K	0.12%	0	Timeline
VGTVANGUARD WORLD FD	412	$224K	0.12%	0	Timeline
VBVANGUARD INDEX FDS	996	$221K	0.12%	0	Timeline
ISRGINTUITIVE SURGICAL INC	423	$209K	0.11%	0	Timeline
DSMBNY MELLON STRATEGIC MUN BD	32,630	$188K	0.1%	0	Timeline
EODALLSPRING GLOBAL DIVIDEND OP	27,511	$136K	0.07%	0	Timeline
WVEWAVE LIFE SCIENCES LTD	12,633	$102K	0.05%	-10	Timeline
PIMCO CALIFORNIA MUNICIPAL …PIMCO CALIFORNIA MUNICIPAL INC	14,833	$96.7K	0.05%	new
UUUUENERGY FUELS INC	16,503	$61.6K	0.03%	0	Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
TYGTORTOISE ENERGY INFRSTRCTR C	61,020	$2.56M	shares
HERZFELD CREDIT INCOME FUNDHERZFELD CREDIT INCOME FUND	987,174	$2.31M	shares
ABRDN JAPAN EQUITY FUND INCABRDN JAPAN EQUITY FUND INC	201,263	$1.16M	shares
BTXBLACKROCK TECH AND PRIVATE E	139,734	$1.04M	shares
TEITEMPLETON EMERGING MKTS INCO	180,541	$926K	shares
GFNEW GERMANY FD INC	91,411	$713K	shares
BOXBOX INC	15,000	$474K	shares
IFNABERDEEN INDIA FD INC	15,142	$238K	shares
PFEPFIZER INC	7,627	$202K	shares
ENVXENOVIX CORPORATION	15,800	$172K	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001668256-25-000003	base		2025-04-24	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC