Latest Matisse Capital Stock Portfolio

Matisse Capital Performance:

2025 Q3: 2.55%YTD: 4.65%2024: 6.89%

Performance for 2025 Q3 is 2.55%, and YTD is 4.65%, and 2024 is 6.89%.

About Matisse Capital and 13F Hedge Fund Stock Holdings

Matisse Capital is a hedge fund based in PORTLAND, OR. On 12-Jul-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $1.1 Billions. In it's latest 13F Holdings report, Matisse Capital reported an equity portfolio of $222.2 Millions as of 30 Sep, 2025.

The top stock holdings of Matisse Capital are AAPL, , MSFT. 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 PIMCO CALIF MUN INCOME FD II, VERONA PHARMA PLC (VRNA) and PIMCO ETF TR (BOND) stocks. They significantly reduced their stock positions in SOFI TECHNOLOGIES INC (SOFI), ABRDN EMERGING MARKETS EX CH and US BANCORP DEL (USB). Matisse Capital opened new stock positions in BLACKROCK TECH AND PRIVATE E, OKLO INC (ALCC) and IONQ INC (IONQ). The fund showed a lot of confidence in some stocks as they added substantially to PIMCO CALIF MUN INCOME FD, WAVE LIFE SCIENCES LTD (WVE) and ETF SER SOLUTIONS (ACIO).

Matisse Capital Annual Return Estimates Vs S&P 500

Our best estimate is that Matisse Capital made a return of 2.55% in the last quarter. In trailing 12 months, it's portfolio return was 5.51%.

New Buys

Ticker	$ Bought
blackrock tech and private e	3,691,700
total return securities fund	3,690,560
xai octagn flt rat & alt inm	1,391,390
ge vernova inc	812,898
oklo inc	649,017
ionq inc	565,062
exchange traded concepts tru	522,182
j p morgan exchange traded f	497,030

New stocks bought by Matisse Capital

Additions

Ticker	% Inc.
pimco calif mun income fd	508
j p morgan exchange traded f	76.17
eagle cap growth fd inc	26.45
wave life sciences ltd	17.87
etf ser solutions	17.24
vanguard world fd	16.99
nexpoint diversified rel et	15.24
royce global trust inc	14.01

Additions to existing portfolio by Matisse Capital

Reductions

Ticker	% Reduced
sofi technologies inc	-81.56
abrdn emerging markets ex ch	-80.29
bny mellon strategic mun bd	-40.69
us bancorp del	-37.48
fulcrum therapeutics inc	-28.62
vanguard index fds	-22.61
schwab charles corp	-19.86
sprouts fmrs mkt inc	-19.46

Matisse Capital reduced stake in above stock

Sold off

Ticker	$ Sold
pimco calif mun income fd ii	-2,364,620
pimco calif mun income fd ii	-1,921,580
morgan stanley emerging mkts	-1,821,240
pimco new york mun fd ii	-1,732,650
pimco new york mun income fd	-1,649,640
flaherty & crumrine pfd inco	-1,579,670
rivernorth doubleline strate	-1,287,100
pimco new york mun income fd	-774,771

Matisse Capital got rid off the above stocks

Sector Distribution

Matisse Capital has about 70.1% of it's holdings in Others sector.

Sector	%
Others	70.1
Technology	12.3
Industrials	4.2
Communication Services	3
Financial Services	2.8
Consumer Cyclical	2.8
Consumer Defensive	2.2
Healthcare	1.6

Market Cap. Distribution

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

Category	%
UNALLOCATED	70.1
MEGA-CAP	17
LARGE-CAP	10.6
MID-CAP	1.5

Stocks belong to which Index?

About 29.5% of the stocks held by Matisse Capital either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	70.5
S&P 500	26.2
RUSSELL 2000	3.3

Top 5 Winners (%)		%
UUUU	energy fuels inc	167.0 %
INTC	intel corp	49.8 %
SOFI	sofi technologies inc	45.1 %
GOOG	alphabet inc	37.8 %
LRCX	lam research corp	37.4 %

Top 5 Winners ($)		$
AAPL	apple inc	1.9 M
GOOG	alphabet inc	1.0 M
LRCX	lam research corp	0.9 M
SOFI	sofi technologies inc	0.6 M
MSFT	microsoft corp	0.3 M

Top 5 Losers (%)		%
SBTX	ars pharmaceuticals inc	-42.0 %
PRCT	procept biorobotics corp	-38.0 %
SFM	sprouts fmrs mkt inc	-33.9 %
ELV	elevance health inc formerly	-16.9 %
NFLX	netflix inc	-10.2 %

Top 5 Losers ($)		$
SFM	sprouts fmrs mkt inc	-1.1 M
PRCT	procept biorobotics corp	-0.4 M
SBTX	ars pharmaceuticals inc	-0.4 M
ELV	elevance health inc formerly	-0.2 M
COST	costco whsl corp new	-0.1 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 164 stocks in it's portfolio. About 26.7% of the portfolio is in top 10 stocks. SFM proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Matisse Capital last quarter.

Last Reported on: 29 Oct, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	4.40	38,426	9,784,500	reduced	-1.93

AAXJ	ishares tr	0.62	14,353	1,366,280	added	0.37

ACIO	etf ser solutions	0.24	5,045	529,289	added	17.24

ACM	aecom	0.74	12,611	1,645,360	unchanged	0.00

ACWF	ishares tr	3.45	112,476	7,657,380	reduced	-2.31

ADI	analog devices inc	0.38	3,406	836,854	unchanged	0.00

AFK	vaneck etf trust	0.12	780	254,561	unchanged	0.00

AGT	ishares tr	0.35	9,632	772,197	unchanged	0.00

AGZD	wisdomtree tr	0.30	11,518	657,678	unchanged	0.00

AIR	aar corp	0.20	5,000	448,350	new

ALCC	oklo inc	0.29	5,814	649,017	new

AMZN	amazon com inc	1.07	10,841	2,380,450	reduced	-19.07

BA	boeing co	0.42	4,327	933,896	added	2.37

BBAX	j p morgan exchange traded f	0.22	8,705	497,030	new

BBAX	j p morgan exchange traded f	0.14	6,700	310,947	unchanged	0.00

BGRN	ishares tr	0.27	12,961	593,360	unchanged	0.00

BITQ	exchange traded concepts tru	0.23	8,154	522,182	new

BIV	vanguard bd index fds	1.13	32,186	2,513,400	reduced	-1.67

BIV	vanguard bd index fds	0.14	3,907	308,301	new

BK	bank new york mellon corp	0.14	2,940	320,342	unchanged	0.00