Matisse Capital

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Matisse Capital maintained a portfolio of 182 distinct positions. The most significant new addition to the portfolio was FS CREDIT OPPORTUNIT, which now represents 2.52% of the total fund value. They heavily accumulated shares in ASCENDIS PHARMA A/S, increasing their position by 4.9%. The fund also reduced its exposure to LAM RESEARCH CORP by 24.2%.
PCA Score Concentration Risk
Risk ENB
Total Positions
182
Quarter
2025 Q4
Top Holding
AAPL (4.4%)
Top 10 Concentration
27.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 182
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
AAPL
APPLE INC
Technology 4.45% 4.40% #1
Prev: #1
4.3 -1,704 -4.4%
P
S
36,722 $9,983,334 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PCQ
PIMCO CALIF MUN...
Financial Services 3.58% 3.61% #2
Prev: #2
3.9 no change no change
P
S
920,318 $8,034,376 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DGRO
ISHARES TR
Warrant 3.48% 3.45% #3 1
Prev: #4
2.9 -133 -0.1%
P
S
112,343 $7,798,830 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 3.06% 3.45% #4 1
Prev: #3
2.2 -628 -4.2%
P
S
14,183 $6,859,314 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ASND
ASCENDIS PHARMA...
Healthcare 2.60% 2.33% #5
Prev: #5
2.0 1,285 4.9%
P
S
27,305 $5,822,518 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FSCO
FS CREDIT OPPOR...
Financial Services 2.52% #6
Prev: #—
4.5 897,918 no change
NEW
897,918 $5,656,883 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TWN
TAIWAN FD INC
Financial Services 2.00% 2.05% #7 1
Prev: #6
1.8 no change no change
P
S
84,000 $4,483,920 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XFLT
XAI OCTAGN FLT ...
Financial Services 1.97% 0.63% #8 42
Prev: #50
3.8 657,473 250.4%
P
S
920,000 $4,416,000 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MXF
MEXICO FD INC
Financial Services 1.84% 1.82% #9 1
Prev: #8
1.7 no change no change
P
S
205,000 $4,128,700 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 1.81% 1.62% #10 4
Prev: #14
1.2 -1,839 -12.4%
P
S
12,975 $4,061,221 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CAF
MORGAN STANLEY ...
Financial Services 1.80% 1.75% #11
Prev: #11
1.7 no change no change
P
S
233,000 $4,044,880 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TDF
TEMPLETON DRAGO...
Financial Services 1.72% 1.79% #12 3
Prev: #9
1.7 no change no change
P
S
342,000 $3,850,920 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RGT
ROYCE GLOBAL TR...
Financial Services 1.70% 1.44% #13 8
Prev: #21
2.7 44,210 17.9%
P
S
291,000 $3,815,010 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SWZ
TOTAL RETURN SE...
Unknown 1.69% 1.66% #14 1
Prev: #13
1.2 3,000 0.5%
P
S
610,000 $3,794,200 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BTX
BLACKROCK TECH ...
Bond/Debt 1.68% 1.66% #15 3
Prev: #12
1.2 20,000 3.6%
P
S
571,000 $3,762,890 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HFRO
HIGHLAND OPPS &...
Financial Services 1.64% 1.76% #16 6
Prev: #10
1.7 no change no change
P
S
617,000 $3,689,660 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DMA
DESTRA MULTI-AL...
Financial Services 1.63% 1.58% #17 1
Prev: #16
1.7 no change no change
P
S
407,000 $3,650,790 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HGLB
HIGHLAND GLOBAL...
Financial Services 1.60% 1.61% #18 3
Prev: #15
1.6 no change no change
P
S
393,000 $3,588,090 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BPRE
BLUEROCK PVT RE...
Financial Services 1.50% #19
Prev: #—
4.1 224,800 no change
NEW
224,800 $3,372,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
STEW
SRH TOTAL RETUR...
Financial Services 1.49% 1.47% #20
Prev: #20
1.6 no change no change
P
S
180,000 $3,337,200 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NXDT
NEXPOINT DIVERS...
Real Estate 1.47% 1.57% #21 4
Prev: #17
1.1 -83,238 -8.8%
P
S
861,609 $3,299,963 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CET
CENTRAL SECS CO...
Financial Services 1.47% 1.50% #22 4
Prev: #18
1.6 no change no change
P
S
65,000 $3,296,150 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LRCX
LAM RESEARCH CO...
Technology 1.43% 1.49% #23 4
Prev: #19
0.6 -5,993 -24.2%
P
S
18,737 $3,207,400 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KF
KOREA FD INC
Financial Services 1.33% 1.13% #24 4
Prev: #28
1.5 no change no change
P
S
82,265 $2,987,864 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MXE
MEXICO EQUITY &...
Financial Services 1.31% 1.27% #25 1
Prev: #24
1.5 no change no change
P
S
237,827 $2,944,298 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VBK
VANGUARD INDEX ...
ETF 1.29% 1.28% #26 3
Prev: #23
1.5 no change no change
P
S
9,554 $2,886,359 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GLO
CLOUGH GLOBAL O...
Bond/Debt 1.24% 1.26% #27 2
Prev: #25
1.5 no change no change
P
S
490,128 $2,774,125 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KYN
KAYNE ANDERSON ...
Financial Services 1.23% 1.24% #28 2
Prev: #26
1.5 no change no change
P
S
222,839 $2,758,747 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 1.16% 1.07% #29 2
Prev: #31
1.0 423 3.9%
P
S
11,264 $2,599,989 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BIV
VANGUARD BD IND...
Bond/Debt 1.12% 1.13% #30 1
Prev: #29
1.4 no change no change
P
S
32,186 $2,506,646 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VBR
VANGUARD INDEX ...
ETF 1.01% 1.00% #31 2
Prev: #33
1.4 no change no change
P
S
10,652 $2,255,987 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 0.93% 1.09% #32 2
Prev: #30
0.9 -153 -4.6%
P
S
3,147 $2,077,303 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BTT
BLACKROCK MUN T...
Financial Services 0.92% 1.02% #33 1
Prev: #32
0.9 -10,739 -10.7%
P
S
90,000 $2,053,800 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WIW
WESTERN AST INF...
Financial Services 0.88% 0.92% #34
Prev: #34
1.4 no change no change
P
S
230,000 $1,975,700 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EEA
EUROPEAN EQUITY...
Financial Services 0.86% 0.92% #35
Prev: #35
1.3 no change no change
P
S
188,070 $1,937,121 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NBXG
NEUBERGER NEXT ...
Financial Services 0.84% 0.90% #36
Prev: #36
1.3 no change no change
P
S
129,790 $1,874,168 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 0.82% #37
Prev: #—
3.8 5,840 no change
NEW
5,840 $1,832,592 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SFM
SPROUTS FMRS MK...
Consumer Defensive 0.80% 0.79% #38 1
Prev: #39
2.8 6,400 39.6%
P
S
22,542 $1,795,921 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VFL
ABRDN NATL MUN ...
Bond/Debt 0.80% 0.79% #39 1
Prev: #40
0.8 4,693 2.8%
P
S
174,693 $1,794,097 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DISV
DIMENSIONAL ETF...
Bond/Debt 0.75% 0.71% #40 4
Prev: #44
1.3 no change no change
P
S
44,100 $1,675,800 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 0.73% 0.70% #41 4
Prev: #45
0.8 395 4.7%
P
S
8,750 $1,631,876 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VVR
INVESCO SR INCO...
Financial Services 0.71% #42
Prev: #—
3.8 489,082 no change
NEW
489,082 $1,599,298 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN CHASE ...
Financial Services 0.71% 0.66% #43 3
Prev: #46
2.3 310 6.7%
P
S
4,941 $1,591,965 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 0.69% 0.61% #44 8
Prev: #52
2.3 395 14.7%
P
S
3,090 $1,552,941 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GLV
CLOUGH GLOBAL D...
Financial Services 0.64% 0.65% #45 2
Prev: #47
0.8 -410 -0.2%
P
S
240,785 $1,437,486 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FMN
FEDERATED HERME...
Financial Services 0.64% 0.64% #46 2
Prev: #48
1.3 no change no change
P
S
128,815 $1,431,134 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EMB
ISHARES TR
ETF 0.62% 0.61% #47 4
Prev: #51
0.7 1 0.0%
P
S
14,354 $1,382,013 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NBH
NEUBERGER MUN F...
Financial Services 0.61% 0.63% #48 1
Prev: #49
1.2 no change no change
P
S
135,900 $1,375,308 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DFEV
DIMENSIONAL ETF...
ETF 0.60% 0.57% #49 5
Prev: #54
1.2 no change no change
P
S
39,760 $1,341,502 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 0.57% 0.56% #50 5
Prev: #55
0.7 4 0.1%
P
S
3,645 $1,278,338 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 182 holdings

Unlock Full Matisse Capital Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics