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Livermore
Livermore
ZHEN

Matisse Capital

SEC CIK
0001668256
Latest filing
Aug 12, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed Apr 24, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
165
−4 vs. Q4 2024
Portfolio value
$189.6M
−$7.09M (−3.6%) vs. Q4 2024
Filed
Apr 24, 2025
SEC
Holdings of Matisse Capital in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
AAPLApple Inc.Stock39,660$8.81M4.6%−476−1.2%ReducedHistory
iShares Core Dividend Growth ETF46434V621ETF115,064$7.11M3.7%+67+0.1%Added–
MSFTMicrosoft CorpStock16,966$6.37M3.4%−83−0.5%ReducedHistory
ASNDAscendis Pharma A/SSPONSORED ADR29,674$4.62M2.4%−822−2.7%ReducedHistory
DMADestra Multi-Alternative FundCOMMON SHARES395,307$3.35M1.8%00.0%UnchangedHistory
DMBBNY Mellon Municipal Bond Infrastructure Fund, Inc.COM SHS314,245$3.32M1.8%00.0%UnchangedHistory
TDFTempleton Dragon Fund IncCOM342,000$3.32M1.7%+13,000+4.0%AddedHistory
HGLBHighland Global Allocation FundCOM393,000$3.27M1.7%00.0%UnchangedHistory
SFMSprouts Farmers Market, Inc.COM20,668$3.15M1.7%+3,900+23.3%AddedHistory
STEWSRH Total Return Fund, Inc.COM180,000$3.10M1.6%00.0%UnchangedHistory
CAFMorgan Stanley China A Share Fund, Inc.COM233,000$3.05M1.6%00.0%UnchangedHistory
JOFJapan Smaller Capitalization Fund IncCOM362,000$3.04M1.6%00.0%UnchangedHistory
HFROHighland Opportunities & Income FundHIGHLAND INCOME583,387$3.03M1.6%+74,387+14.6%AddedHistory
MXFMexico Fund IncCOM205,000$2.92M1.5%+10,000+5.1%AddedHistory
CETCentral Securities CorpCOM60,000$2.70M1.4%00.0%UnchangedHistory
TEAFTortoise Sustainable & Social Impact Term FundClosed-End Fund227,000$2.58M1.4%00.0%UnchangedHistory
NXDTNexpoint Diversified Real Estate TrustCOM NEW665,917$2.55M1.3%+136,968+25.9%AddedHistory
Vanguard Intermediate-Term Bond ETF921937819ETF32,732$2.51M1.3%−204−0.6%Reduced–
AMZNAmazon Com IncStock13,105$2.49M1.3%+7+0.1%AddedHistory
TWNTaiwan Fund IncCOM75,000$2.49M1.3%+5,000+7.1%AddedHistory
GLOClough Global Opportunities FundSH BEN INT503,202$2.46M1.3%00.0%UnchangedHistory
Vanguard Morningstar Small-Cap Growth ETF922908595ETF9,554$2.41M1.3%00.0%Unchanged–
GOOGLAlphabet Inc.Stock15,379$2.38M1.3%+10+0.1%AddedHistory
BTTBlackRock Municipal 2030 Target Term TrustCOM SHS BEN IN100,739$2.14M1.1%00.0%UnchangedHistory
LRCXLam Research CorpStock29,170$2.12M1.1%−5,500−15.9%ReducedHistory
MXEMexico Equity & Income Fund IncCOM237,827$2.07M1.1%00.0%UnchangedHistory
WIWWestern Asset Inflation-Linked Opportunities & Income FundCEF230,533$2.03M1.1%00.0%UnchangedHistory
PCKPIMCO California Municipal Income Fund IICOM358,504$2.02M1.1%00.0%UnchangedHistory
Vanguard Morningstar Small-Cap Value ETF922908611ETF10,652$1.98M1.0%00.0%Unchanged–
METAMeta Platforms, Inc.Stock3,291$1.90M1.0%−5−0.2%ReducedHistory
PNIPIMCO New York Municipal Income Fund IICOM250,000$1.77M0.9%00.0%UnchangedHistory
VFLabrdn National Municipal Income FundCEF170,000$1.72M0.9%00.0%UnchangedHistory
PNFPIMCO New York Municipal Income FundCOM230,000$1.72M0.9%00.0%UnchangedHistory
EEAEuropean Equity Fund, IncCOM188,070$1.71M0.9%+107,172+132.5%AddedHistory
COSTCostco Wholesale CorpStock1,806$1.71M0.9%+50+2.8%AddedHistory
EDDMorgan Stanley Emerging Markets Domestic Debt Fund, Inc.COM361,421$1.70M0.9%00.0%UnchangedHistory
PMOFranklin Municipal Opportunities TrustSH BEN INT166,367$1.70M0.9%−23,633−12.4%ReducedHistory
LEOBNY Mellon Strategic Municipals, Inc.COM273,100$1.67M0.9%00.0%UnchangedHistory
OPPRiverNorth/DoubleLine Strategic Opportunity Fund, Inc.COM188,013$1.61M0.9%−3,709−1.9%ReducedHistory
NBXGNeuberger Next Generation Connectivity Fund Inc.COMMON STOCK129,790$1.59M0.8%00.0%UnchangedHistory
PFOFlaherty & Crumrine PREFERRED & INCOME OPPORTUNITY FUND INCCOM170,775$1.57M0.8%00.0%UnchangedHistory
RABrookfield Real Assets Income Fund Inc.SHS BEN INT115,000$1.51M0.8%00.0%UnchangedHistory
PFDFlaherty & Crumrine Preferred & Income Fund IncCOM134,805$1.51M0.8%00.0%UnchangedHistory
NBHNeuberger Municipal Fund Inc.COM135,900$1.41M0.7%00.0%UnchangedHistory
ETNEaton Corp plcStock5,145$1.40M0.7%00.0%UnchangedHistory
CHNChina Fund, Inc.COM104,905$1.35M0.7%+90,981+653.4%AddedHistory
GLVClough Global Dividend & Income FundCOM241,595$1.32M0.7%−23,447−8.8%ReducedHistory
iShares Tr464288281JPMORGAN USD EMG14,300$1.30M0.7%−40.0%Reduced–
Dimensional ETF Trust25434V781INTL SMALL CAP V44,100$1.28M0.7%00.0%Unchanged–
FLCFlaherty & Crumrine Total Return Fund IncCOM76,304$1.28M0.7%−18,996−19.9%ReducedHistory
VVisa Inc.Stock3,638$1.27M0.7%−60−1.6%ReducedHistory
MIYBlackRock Muniyield Michigan Quality Fund, Inc.COM110,749$1.26M0.7%00.0%UnchangedHistory
XOMExxonMobil Holdings CorpCOM10,534$1.25M0.7%+60+0.6%AddedHistory
BWGBrandywineGLOBAL-Global Income Opportunities Fund IncCOM149,900$1.25M0.7%00.0%UnchangedHistory
ACMAecomCOM12,611$1.17M0.6%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock4,631$1.14M0.6%+50+1.1%AddedHistory
MUJBlackRock Muniholdings New Jersey Quality Fund, Inc.COM100,700$1.13M0.6%00.0%UnchangedHistory
Dimensional ETF Trust25434V740EMERGING MKTS VA39,760$1.08M0.6%00.0%Unchanged–
PRCTPROCEPT BioRobotics CorpCOM18,320$1.07M0.6%−3,965−17.8%ReducedHistory
SCHWSchwab Charles CorpStock13,270$1.04M0.5%−250−1.8%ReducedHistory
ELVElevance Health, Inc.Stock2,350$1.02M0.5%00.0%UnchangedHistory
TSCOTractor Supply CoCOM18,290$1.01M0.5%00.0%UnchangedHistory
iShares Tr464287234MSCI EMG MKT ETF22,990$1.00M0.5%00.0%Unchanged–
SOFISoFi Technologies, Inc.Stock81,045$942.6K0.5%−775−0.9%ReducedHistory
WMTWalmart Inc.Stock10,617$932.1K0.5%00.0%UnchangedHistory
IIFMorgan Stanley India Investment Fund, Inc.COM37,950$925.6K0.5%00.0%UnchangedHistory
CMUMFS High Yield Municipal TrustSH BEN INT262,208$915.1K0.5%−23,850−8.3%ReducedHistory
BRK.BBerkshire Hathaway IncStock1,676$892.6K0.5%00.0%UnchangedHistory
BLKBlackRock, Inc.Stock943$892.5K0.5%+3+0.3%AddedHistory
GRXGabelli Healthcare & WellnessRx TrustSHS87,125$878.2K0.5%−14,071−13.9%ReducedHistory
VRNAVerona Pharma plcSPONSORED ADS13,794$875.8K0.5%−606−4.2%ReducedHistory
GGZGabelli Global Small & Mid Cap Value TrustCOM71,849$862.2K0.5%+71,849NewHistory
MUCBlackRock Muniholdings California Quality Fund, Inc.CEF78,600$841.8K0.4%00.0%UnchangedHistory
PYNPIMCO New York Municipal Income Fund IIICOM143,602$809.9K0.4%00.0%UnchangedHistory
NVDANVIDIA CorpStock7,367$798.4K0.4%−945−11.4%ReducedHistory
JCIJohnson Controls International plcStock9,705$777.5K0.4%00.0%UnchangedHistory
STESTERIS plcSHS USD3,397$769.9K0.4%00.0%UnchangedHistory
NTAPNetApp, Inc.Stock8,699$764.1K0.4%00.0%UnchangedHistory
EMOClearBridge Energy Midstream Opportunity Fund Inc.COM14,835$736.1K0.4%00.0%UnchangedHistory
MAMastercard IncStock1,329$728.5K0.4%+1+0.1%AddedHistory
QCOMQualcomm IncStock4,727$726.1K0.4%−17−0.4%ReducedHistory
LOWLowes Companies IncStock3,098$722.5K0.4%00.0%UnchangedHistory
FISVFiserv IncStock3,248$717.3K0.4%00.0%UnchangedHistory
BlackRock New York Municipal Income Trust09248L106SH BEN INT69,921$711.1K0.4%00.0%Unchanged–
Vanguard Financials ETF92204A405ETF5,871$701.4K0.4%−40−0.7%Reduced–
SPRYARS Pharmaceuticals, Inc.COM55,714$700.9K0.4%+55,714NewHistory
FDXFedEx CorpStock2,843$693.1K0.4%00.0%UnchangedHistory
ADIAnalog Devices IncStock3,416$688.9K0.4%00.0%UnchangedHistory
CXHMFS Investment Grade Municipal TrustSH BEN INT86,381$684.1K0.4%−547−0.6%ReducedHistory
iShares Tr46435G326CORE MSCI INTL9,714$669.2K0.4%+144+1.5%Added–
PCQPIMCO California Municipal Income FundCOM73,452$650.0K0.3%+1,747+2.4%AddedHistory
NKENIKE, Inc.Stock10,060$638.6K0.3%+1,810+21.9%AddedHistory
Vanguard S&P 500 ETF922908363ETF1,217$625.2K0.3%+46+3.9%Added–
Vanguard Ftse Developed Markets ETF921943858ETF12,113$615.7K0.3%−51−0.4%Reduced–
DEDeere & CoStock1,280$600.8K0.3%−2−0.2%ReducedHistory
VanEck ETF Trust92189H300JP MRGAN EM LOC24,900$594.1K0.3%00.0%Unchanged–
TSMTaiwan Semiconductor Manufacturing Co LtdADR3,561$591.1K0.3%+38+1.1%AddedHistory
AEFabrdn Emerging Markets ex-China Fund, Inc.COM116,975$580.2K0.3%+11,489+10.9%AddedHistory
EMFTempleton Emerging Markets FundCOM44,430$570.9K0.3%+16,630+59.8%AddedHistory
WisdomTree Tr97717W281EMG MKTS SMCAP11,518$556.4K0.3%00.0%Unchanged–

Sold out since Q4 2024 (10)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Matisse Capital sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
TYGTortoise Energy Infrastructure CorpCOM61,020$2.56M1.3%History
HERZHerzfeld Credit Income Fund, IncCOM987,174$2.31M1.2%History
JEQAbrdn Japan Equity Fund, Inc.COM201,263$1.16M0.6%History
BTXBlackRock Technology & Private Equity Term TrustSHS BEN INT139,734$1.04M0.5%History
TEITempleton Emerging Markets Income FundCOM180,541$926.2K0.5%History
GFNew Germany Fund IncCOM91,411$713.0K0.4%History
BOXBox IncCL A15,000$474.0K0.2%History
IFNAberdeen India Fund, Inc.COM15,142$238.5K0.1%History
PFEPfizer IncStock7,627$202.4K0.1%History
ENVXEnovix CorpCOM15,800$171.7K0.1%History