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Livermore
Livermore
ZHEN

Matisse Capital

SEC CIK
0001668256
Latest filing
Aug 12, 2026

Holdings in Q4 2021

Holdings as of Dec 31, 2021, filed Feb 4, 2022. Long positions only; changes compare share counts with Q3 2021.

Institution overview
Positions
137
−13 vs. Q3 2021
Portfolio value
$144.7M
−$127.0M (−46.7%) vs. Q3 2021
Filed
Feb 4, 2022
SEC
Holdings of Matisse Capital in Q4 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
Alps ETF Tr00162Q452ALERIAN MLP400,000$13.1M9.1%+400,000New–
iShares Core Dividend Growth ETF46434V621ETF150,915$8.39M5.8%+6,307+4.4%Added–
MSFTMicrosoft CorpStock17,971$6.04M4.2%−699−3.7%ReducedHistory
Alps ETF Tr00162Q593MED BREAKTHGH142,044$6.00M4.1%+134,500+1,782.9%Added–
AAPLApple Inc.Stock33,446$5.94M4.1%−820−2.4%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF11,442$5.43M3.8%+11,442NewHistory
Invesco QQQ Trust Series I46090E103ETF13,362$5.32M3.7%+13,362New–
ASNDAscendis Pharma A/SSPONSORED ADR23,840$3.21M2.2%+3,930+19.7%AddedHistory
AMZNAmazon Com IncStock920$3.07M2.1%00.0%UnchangedHistory
LRCXLam Research CorpCOM3,997$2.87M2.0%00.0%UnchangedHistory
BTXBlackRock Technology & Private Equity Term TrustSHS BEN INT150,000$2.18M1.5%+150,000NewHistory
USBUS Bancorp DECOM NEW37,778$2.12M1.5%+512+1.4%AddedHistory
SEVNSeven Hills Realty TrustCOM204,382$2.12M1.5%+204,382NewHistory
PDXPIMCO Dynamic Income Strategy FundCOM SHS BEN INT163,300$2.10M1.5%−346,700−68.0%ReducedHistory
NBXGNeuberger Next Generation Connectivity Fund Inc.COMMON STOCK120,000$2.08M1.4%+120,000NewHistory
CAFMorgan Stanley China A Share Fund, Inc.COM98,749$2.02M1.4%−183,286−65.0%ReducedHistory
GERGoldman Sachs MLP & Energy Renaissance FundCOM186,400$1.92M1.3%+60,670+48.3%AddedHistory
GOOGLAlphabet Inc.Stock658$1.91M1.3%+20+3.1%AddedHistory
NXDTNexpoint Diversified Real Estate TrustCOM NEW129,500$1.76M1.2%−582,500−81.8%ReducedHistory
TYGTortoise Energy Infrastructure CorpCOM60,742$1.70M1.2%−203,958−77.1%ReducedHistory
CEECentral & Eastern Europe Fund, Inc.COM59,050$1.56M1.1%+26,344+80.5%AddedHistory
SWAVShockwave Medical, Inc.COM8,631$1.54M1.1%+545+6.7%AddedHistory
CEMClearBridge MLP & Midstream Fund Inc.COM56,526$1.52M1.1%+56,526NewHistory
ELVElevance Health, Inc.Stock3,272$1.52M1.0%−1,000−23.4%ReducedHistory
Pershing Square Tontine Hldg71531R109COM CL A71,462$1.41M1.0%−675,538−90.4%Reduced–
ACNAccenture plcStock3,286$1.36M0.9%+3,286NewHistory
SOFISoFi Technologies, Inc.Stock79,443$1.26M0.9%+79,443NewHistory
NKENIKE, Inc.Stock7,218$1.20M0.8%−30−0.4%ReducedHistory
FAXAbrdn Asia-Pacific Income Fund, Inc.COM314,700$1.20M0.8%+36,000+12.9%AddedHistory
NBWNeuberger Berman California Municipal Fund Inc.COM85,100$1.19M0.8%+20,000+30.7%AddedHistory
EDDMorgan Stanley Emerging Markets Domestic Debt Fund, Inc.COM210,100$1.15M0.8%−786,308−78.9%ReducedHistory
HDHome Depot, Inc.Stock2,564$1.06M0.7%00.0%UnchangedHistory
MXFMexico Fund IncCOM66,335$1.04M0.7%+66,335NewHistory
CCIFCarlyle Credit Income FundSHS BEN INT99,000$1.01M0.7%−109,890−52.6%ReducedHistory
VMMDelaware Investments Minnesota Municipal Income Fund II, IncCOM70,000$988.0K0.7%00.0%UnchangedHistory
DYFNAngel Oak Dynamic Financial Strategies Income Term TrustCOM BEN INT47,000$968.0K0.7%00.0%UnchangedHistory
ISRGIntuitive Surgical IncCOM NEW2,623$942.0K0.7%+1,000+61.6%AddedConverted for a 3-for-1 splitHistory
FINSAngel Oak Financial Strategies Income Term TrustCOM BEN INT54,425$928.0K0.6%+21,368+64.6%AddedHistory
SHOPShopify Inc.Stock640$882.0K0.6%+140+28.0%AddedHistory
NXJNuveen New Jersey Quality Municipal Income FundCOM56,146$864.0K0.6%00.0%UnchangedHistory
NBONeuberger Berman New York Municipal Fund Inc.COM66,222$861.0K0.6%+2,074+3.2%AddedHistory
JSDNuveen Short Duration Credit Opportunities FundCOM58,000$859.0K0.6%00.0%UnchangedHistory
Fiduciary Claymore Engry Inf31647Q205COM77,845$806.0K0.6%+77,845New–
BWGBrandywineGLOBAL-Global Income Opportunities Fund IncCOM68,000$796.0K0.6%00.0%UnchangedHistory
MSDMorgan Stanley Emerging Markets Debt Fund IncCOM87,582$789.0K0.5%+582+0.7%AddedHistory
GHYPGIM Global High Yield Fund, Inc.COM52,000$785.0K0.5%00.0%UnchangedHistory
CEVEaton Vance California Municipal Income TrustSH BEN INT57,800$783.0K0.5%00.0%UnchangedHistory
VPVInvesco Pennsylvania Value Municipal Income TrustCOM55,837$780.0K0.5%00.0%UnchangedHistory
AIFApollo Tactical Income Fund Inc.COM50,826$779.0K0.5%00.0%UnchangedHistory
CTRClearBridge MLP & Midstream Total Return Fund Inc.COM31,750$752.0K0.5%+31,750NewHistory
BFZBlackRock California Municipal Income TrustSH BEN INT49,815$725.0K0.5%00.0%UnchangedHistory
LOWLowes Companies IncStock2,700$698.0K0.5%00.0%UnchangedHistory
Vanguard Utilities ETF92204A876ETF4,400$688.0K0.5%00.0%Unchanged–
DTFDTF Tax-Free Income 2028 Term Fund IncCOM48,000$686.0K0.5%00.0%UnchangedHistory
COSTCostco Wholesale CorpStock1,198$680.0K0.5%+73+6.5%AddedHistory
BRK.BBerkshire Hathaway IncStock2,205$659.0K0.5%00.0%UnchangedHistory
TEAFTortoise Sustainable & Social Impact Term FundClosed-End Fund43,814$641.0K0.4%−276,435−86.3%ReducedHistory
INTCIntel CorpStock12,100$623.0K0.4%−1,854−13.3%ReducedHistory
JGHNuveen Global High Income FundSHS38,103$605.0K0.4%00.0%UnchangedHistory
EMOClearBridge Energy Midstream Opportunity Fund Inc.COM27,588$603.0K0.4%−249,312−90.0%ReducedHistory
ADIAnalog Devices IncStock3,416$600.0K0.4%00.0%UnchangedHistory
HUBSHubSpot IncCOM900$593.0K0.4%00.0%UnchangedHistory
MEDMedifast IncCOM2,800$586.0K0.4%+100+3.7%AddedHistory
STEWSRH Total Return Fund, Inc.COM40,863$581.0K0.4%−346,630−89.5%ReducedHistory
Delaware Ivy Hig246107106Closed-End Fund41,193$574.0K0.4%00.0%Unchanged–
EEAEuropean Equity Fund, IncCOM54,493$565.0K0.4%+54,493NewHistory
ITGartner IncCOM1,680$562.0K0.4%+1,680NewHistory
ASAASA Gold & Precious Metals LtdSHS25,549$539.0K0.4%−284,699−91.8%ReducedHistory
WIWWestern Asset Inflation-Linked Opportunities & Income FundCEF38,800$527.0K0.4%00.0%UnchangedHistory
BGBBlackstone Strategic Credit 2027 Term FundCOM SHS BEN IN39,000$526.0K0.4%00.0%UnchangedHistory
WMTWalmart Inc.Stock3,389$490.0K0.3%00.0%UnchangedHistory
BGXBlackstone Long-Short Credit Income FundCOM SHS BN INT33,200$488.0K0.3%−1,500−4.3%ReducedHistory
State Street Utilities Select Sector SPDR ETF81369Y886ETF6,689$479.0K0.3%+48+0.7%Added–
MAMastercard IncStock1,325$476.0K0.3%−91−6.4%ReducedHistory
KYNKayne Anderson Energy Infrastructure Fund, Inc.COM60,126$468.0K0.3%−103,063−63.2%ReducedHistory
iShares Tr46429B7470-5 YR TIPS ETF4,200$445.0K0.3%00.0%Unchanged–
iShares Tr46436E809IBONDS 22 TRM TS17,500$445.0K0.3%00.0%Unchanged–
Invesco Exch Traded FD Tr II46138G888SHORT TERM ETF4,200$444.0K0.3%00.0%Unchanged–
iShares Tr46436E882IBONDS 23 TRM TS17,400$444.0K0.3%00.0%Unchanged–
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF4,000$442.0K0.3%00.0%Unchanged–
Franklin ETF Tr353506108SHRT DUR US GOVT4,700$442.0K0.3%00.0%Unchanged–
iShares Tr46434V860TRS FLT RT BD8,800$442.0K0.3%00.0%Unchanged–
SPDR Series Trust78464A383ST STR BACKE ETF17,408$442.0K0.3%00.0%Unchanged–
SPDR Series Trust78468R101ST SHO TREAS ETF14,500$441.0K0.3%00.0%Unchanged–
iShares Tr46436E7180-3 MTH TREASURY4,400$440.0K0.3%00.0%Unchanged–
Goldman Sachs ETF Tr381430529ACCES TREASURY4,400$440.0K0.3%00.0%Unchanged–
iShares Tr46436E874IBONDS 24 TRM TS17,300$440.0K0.3%00.0%Unchanged–
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF4,800$439.0K0.3%00.0%Unchanged–
Invesco Exch Traded FD Tr II46138E495PURBTA 0 5 YR16,600$439.0K0.3%00.0%Unchanged–
SBUXStarbucks CorpStock3,745$438.0K0.3%−700−15.7%ReducedHistory
Vanguard Scottsdale FDS92206C102SHORT TERM TREAS7,200$438.0K0.3%00.0%Unchanged–
iShares Tr46436E866IBONDS 25 TRM TS17,300$438.0K0.3%00.0%Unchanged–
Vanguard Malvern FDS922020805STRM INFPROIDX8,500$437.0K0.3%00.0%Unchanged–
iShares Tr4642874571 3 YR TREAS BD5,100$436.0K0.3%00.0%Unchanged–
iShares Tr464288166AGENCY BOND ETF3,700$434.0K0.3%00.0%Unchanged–
iShares Russell 1000 Value ETF464287598ETF2,500$420.0K0.3%+100+4.2%Added–
LMTLockheed Martin CorpStock1,133$403.0K0.3%−17−1.5%ReducedHistory
GOLDGold.com, Inc.COM6,500$397.0K0.3%00.0%UnchangedHistory
TMToyota Motor CorpADS2,100$389.0K0.3%+100+5.0%AddedHistory
AFTApollo Senior Floating Rate Fund Inc.COM23,995$387.0K0.3%−17,798−42.6%ReducedHistory

Sold out since Q3 2021 (36)

Positions held at the end of Q3 2021 that are gone from this filing.

Positions of Matisse Capital sold out since Q3 2021
SecurityClassShares in Q3 2021Value in Q3 2021% of portfolio in Q3 2021History
HFROHighland Opportunities & Income FundHIGHLAND INCOME1,233,000$13.3M4.9%History
ADXAdams Diversified Equity Fund, Inc.COM578,248$11.4M4.2%History
CETCentral Securities CorpCOM262,240$11.1M4.1%History
HGLBHighland Global Allocation FundCOM628,923$5.72M2.1%History
GAMGeneral American Investors Co IncCOM121,952$5.25M1.9%History
NTGTortoise Midstream Energy Fund, Inc.COM169,891$4.91M1.8%History
JOFJapan Smaller Capitalization Fund IncCOM366,386$3.32M1.2%History
SMMSalient Midstream & MLP FundSH BEN INT510,700$3.24M1.2%History
RMTRoyce Micro-Cap Trust, Inc.COM277,831$3.17M1.2%History
TWNTaiwan Fund IncCOM84,300$2.97M1.1%History
RMR Mortgage Tr76970B101COM287,718$2.97M1.1%–
SWZTotal Return Securities FundCOM292,100$2.68M1.0%History
CPZCalamos Long/Short Equity & Dynamic Income TrustCOM131,692$2.68M1.0%History
GRXGabelli Healthcare & WellnessRx TrustSHS196,463$2.60M1.0%History
JEQAbrdn Japan Equity Fund, Inc.COM254,216$2.48M0.9%History
CHNChina Fund, Inc.COM80,080$2.04M0.7%History
GGZGabelli Global Small & Mid Cap Value TrustCOM120,674$1.92M0.7%History
CENCenter Coast Brookfield MLP & Energy Infrastructure FundSHS BEN INT126,071$1.75M0.6%History
PGZPrincipal Real Estate Income FundSHS BEN INT116,000$1.71M0.6%History
GDLGDL FundCOM SH BEN IT185,744$1.67M0.6%History
SRVNXG Cushing Midstream Energy FundCOM NEW44,005$1.40M0.5%History
IRLNew Ireland Fund IncCOM89,150$1.10M0.4%History
ASGIabrdn Global Infrastructure Income FundCOM SHS BEN INT43,674$870.0K0.3%History
GRFEagle Capital Growth Fund, Inc.COM88,396$830.0K0.3%History
XYZBlock, Inc.CL A3,000$720.0K0.3%History
ARVNArvinas, Inc.COM7,730$635.0K0.2%History
NOCNorthrop Grumman CorpStock1,560$562.0K0.2%History
FDEUFirst Trust Dynamic Europe Equity Income FundCOM SHS41,600$536.0K0.2%History
RNGRingCentral, Inc.CL A2,400$522.0K0.2%History
JPMJPMorgan Chase & CoStock3,031$496.0K0.2%History
iShares Tr46436E700IBONDS 21 TRM TS17,600$446.0K0.2%–
COINCoinbase Global, Inc.COM CL A1,101$250.0K0.1%History
FMTXForma Therapeutics Holdings, Inc.SHS10,200$237.0K0.1%History
SLDBSolid Biosciences Inc.COM15,500$37.0K<0.1%History
LPTHLightpath Technologies IncCOM CL A13,480$29.0K<0.1%History
Angel Oak Finl Strategies IN03464A118RIGHT 10/14/202133,057$7.00K<0.1%–