Latest Matisse Capital Stock Portfolio

Matisse Capital Performance:

2025 Q4: 0.85%YTD: 13.37%2024: 8.77%

Performance for 2025 Q4 is 0.85%, and YTD is 13.37%, and 2024 is 8.77%.

About Matisse Capital and 13F Hedge Fund Stock Holdings

Matisse Capital is a hedge fund based in Portland, OR. On 2026-01-29, the fund reported it's updated stock portfolio. In the 13F Holdings report, Matisse Capital reported an equity portfolio of $224.4 Millions as of 31 Dec, 2025.

The top stock holdings of Matisse Capital are AAPL, , ACWF. The fund has invested 4.4% of it's portfolio in APPLE INC and 3.6% of portfolio in PIMCO CALIF MUN INCOME FD.

The fund managers got completely rid off CHINA FD INC, NETFLIX INC (NFLX) and SOFI TECHNOLOGIES INC (SOFI) stocks. They significantly reduced their stock positions in SCHWAB CHARLES CORP (SCHW), BOEING CO (BA) and BNY MELLON STRATEGIC MUNS IN. Matisse Capital opened new stock positions in FS CREDIT OPPORTUNITIES CORP, ALPHABET INC (GOOG) and CSX CORP (CSX). The fund showed a lot of confidence in some stocks as they added substantially to XAI OCTAGN FLT RAT & ALT INM, WAVE LIFE SCIENCES LTD (WVE) and NIKE INC (NKE).

Matisse Capital Annual Return Estimates Vs S&P 500

Our best estimate is that Matisse Capital made a return of 0.85% in the last quarter. In trailing 12 months, it's portfolio return was 13.37%.

Performance
S&P 500

New Buys

Ticker	$ Bought
fs credit opportunities corp	5,656,880
bluerock pvt real estate fd	3,372,000
alphabet inc	1,832,590
invesco sr income tr	1,599,300
nuveen cr strategies income	854,640
saba capital income & oprnt	457,984
csx corp	408,610
boeing co	407,454

New stocks bought by Matisse Capital

Additions

Ticker	% Inc.
xai octagn flt rat & alt inm	250
wave life sciences ltd	219
nike inc	81.97
sprouts fmrs mkt inc	39.65
oracle corp	35.01
ionq inc	24.13
vanguard bd index fds	24.01
aar corp	20.00

Additions to existing portfolio by Matisse Capital

Reductions

Ticker	% Reduced
schwab charles corp	-77.56
boeing co	-74.49
bny mellon strategic muns in	-56.82
interactive brokers group in	-48.78
gabelli global small & mid c	-43.82
starbucks corp	-34.55
costco whsl corp new	-31.63
ishares tr	-30.41

Matisse Capital reduced stake in above stock

Sold off

Ticker	$ Sold
bny mellon mun bd infrastruc	-2,983,290
china fd inc	-4,485,780
tortoise sustainable & socia	-2,669,520
putnam mun opportunities tr	-1,718,570
blackrock munihldgs nj qlty	-1,167,110
templeton emerging mkts fd	-738,837
abrdn emerging markets ex ch	-149,364
bny mellon strategic mun bd	-114,564

Matisse Capital got rid off the above stocks

Sector Distribution

Matisse Capital has about 70.2% of it's holdings in Others sector.

Sector	%
Others	70.2
Technology	12.1
Industrials	3.8
Communication Services	3.6
Consumer Cyclical	2.9
Financial Services	2.3
Healthcare	2.1
Consumer Defensive	1.9

Market Cap. Distribution

Matisse Capital has about 27.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	70.2
MEGA-CAP	17.5
LARGE-CAP	10.1
MID-CAP	1.3

Stocks belong to which Index?

About 29.8% of the stocks held by Matisse Capital either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	70.1
S&P 500	26.4
RUSSELL 2000	3.4

Top 5 Winners (%)		%
WVE	wave life sciences ltd	59.7 %
GOOG	alphabet inc	27.0 %
LRCX	lam research corp	24.5 %
FDX	fedex corp	22.5 %
FULC	fulcrum therapeutics inc	19.8 %

Top 5 Winners ($)		$
GOOG	alphabet inc	1.0 M
LRCX	lam research corp	0.8 M
AAPL	apple inc	0.6 M
	korea fd inc	0.5 M
	ascendis pharma a/s	0.4 M

Top 5 Losers (%)		%
ALCC	oklo inc	-35.7 %
ORCL	oracle corp	-27.8 %
ACM	aecom	-26.9 %
IONQ	ionq inc	-25.1 %
SFM	sprouts fmrs mkt inc	-23.9 %

Top 5 Losers ($)		$
SFM	sprouts fmrs mkt inc	-0.6 M
MSFT	microsoft corp	-0.5 M
ACM	aecom	-0.4 M
	xai octagn flt rat & alt inm	-0.3 M
ETN	eaton corp plc	-0.3 M

Matisse Capital Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Matisse Capital

Matisse Capital has 165 stocks in it's portfolio. About 27.3% of the portfolio is in top 10 stocks. SFM proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Matisse Capital last quarter.

Last Reported on: 29 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	4.45	36,722	9,983,330	reduced	-4.43

AAXJ	ishares tr	0.62	14,354	1,382,010	added	0.01

ACIO	etf ser solutions	0.20	4,157	455,879	reduced	-17.6

ACM	aecom	0.54	12,611	1,202,210	unchanged	0.00

ACWF	ishares tr	3.48	112,343	7,798,830	reduced	-0.12

ADI	analog devices inc	0.41	3,406	923,707	unchanged	0.00

AFK	vaneck etf trust	0.00	0.00	0.00	sold off	-100

AGT	ishares tr	0.35	9,632	794,447	unchanged	0.00

AGZD	wisdomtree tr	0.29	11,518	659,290	unchanged	0.00

AIR	aar corp	0.22	6,000	496,740	added	20.00

ALCC	oklo inc	0.18	5,800	416,208	reduced	-0.24

AMRK	gold com inc	0.11	7,270	247,544	new

AMZN	amazon com inc	1.16	11,264	2,599,990	added	3.9

BA	boeing co	0.18	5,900	407,454	new

BA	boeing co	0.11	1,104	239,700	reduced	-74.49

BBAX	j p morgan exchange traded f	0.22	8,765	501,714	added	0.69

BBAX	j p morgan exchange traded f	0.14	6,700	310,143	unchanged	0.00

BGRN	ishares tr	0.19	9,019	434,541	reduced	-30.41

BITQ	exchange traded concepts tru	0.26	9,086	576,870	added	11.43

BIV	vanguard bd index fds	1.12	32,186	2,506,650	unchanged	0.00