1y return+18.9%S&P 500 +20.9%
3y return+47.3%S&P 500 +68.5%
5y return+29.6%S&P 500 +74.5%
10y return+89.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $190 against $357 in the S&P 500.2
Matisse CapitalS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AAPLApple Inc | $10.4M | 4.2% | |
| DGROIshares Tr | $8.5M | 3.4% | |
| LRCXLam Research Corp | $7.9M | 3.1% | −5.2% |
| XPCQXPimco Calif Mun Income Fd | $7.6M | 3.0% | −2.0% |
| Ascendis Pharma A/sCUSIP K08588103 | $7.5M | 3.0% | New |
| TWNTaiwan Fd Inc | $6.7M | 2.7% | −17.3% |
| FSCOFs Credit Opportunities Corp | $6.2M | 2.5% | +9.8% |
| KFKorea Fd Inc | $6.2M | 2.5% | |
| XFLTXai Floating Rate & Alter In | $6.1M | 2.4% | |
| FSSLFs Specialty Lending Fd | $5.8M | 2.3% | +14.8% |
| MSFTMicrosoft Corp | $5.1M | 2.0% | −5.4% |
| NXDTNexpoint Diversified Rel Et | $4.8M | 1.9% | +2.2% |
| GOOGLAlphabet Inc | $4.6M | 1.9% | |
| HFROHighland Opps & Income Fd | $4.4M | 1.8% | |
| PNIPimco New York Mun Fd II | $4.4M | 1.8% | |
| RGTRoyce Global Trust Inc | $4.1M | 1.7% | |
| STEWSrh Total Return Fund Inc | $4.0M | 1.6% | +4.6% |
| HGLBHighland Global Allocation F | $3.9M | 1.6% | +18.5% |
| BPREBluerock Pvt Real Estate Fd | $3.9M | 1.6% | +22.0% |
| TDFTempleton Dragon Fd Inc | $3.7M | 1.5% | |
| SWZTotal Return Securities Fund | $3.6M | 1.4% | +49.5% |
| VBKVanguard Index Fds | $3.5M | 1.4% | |
| CETCentral Secs Corp | $3.4M | 1.4% | |
| DMADestra Multi-alternative Fd | $3.4M | 1.4% | +10.4% |
| MXEMexico Equity & Income Fd | $3.1M | 1.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $7.9M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $4.6M |
| TWNTaiwan Fd Inc | December 31, 2022 | +316.5% | $6.7M |
| KFKorea Fd Inc | December 31, 2024 | +307.8% | $6.2M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $10.4M |
| DGROIshares Tr | June 30, 2020 | +101.6% | $8.5M |
| GEVGe Vernova Inc | September 30, 2025 | +91.1% | $3.1M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $5.1M |
| AMZNAmazon Com Inc | June 30, 2020 | +72.8% | $2.7M |
| NBXGNeuberger Next Generation | June 30, 2022 | +66.7% | $2.1M |
Sold off last quarter
- Ascendis Pharma A/sCUSIP 04351P101 was $6.0M
- BTXBlackrock Tech And Private E was $3.9M
- BTTBlackrock Mun Target Term Tr was $1.9M
- VVisa Inc was $1.1M
- TSCOTractor Supply Co was $830K
- NTRNutrien Ltd was $774K
- Steris PLCCUSIP G8473T100 was $751K
- BABAAlibaba Group Hldg Ltd was $694K
- RFMZRivernorth Flexible Muni Inc was $622K
- CEECentral & Eastern Europe Fd was $622K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.0% | +14.8% |
| March 31, 2026 | −1.1% | −4.6% |
| December 31, 2025 | +1.0% | +2.4% |
| September 30, 2025 | +7.2% | +7.8% |
| June 30, 2025 | +8.0% | +10.5% |
| March 31, 2025 | −1.0% | −4.6% |
| December 31, 2024 | −2.7% | +2.1% |
| September 30, 2024 | +5.3% | +5.4% |
| June 30, 2024 | +1.4% | +4.0% |
| March 31, 2024 | +7.1% | +10.0% |
| December 31, 2023 | +9.3% | +11.2% |
| September 30, 2023 | −4.7% | −3.6% |
| June 30, 2023 | +4.6% | +8.3% |
| March 31, 2023 | +4.0% | +7.0% |
| December 31, 2022 | +3.8% | +7.1% |
| September 30, 2022 | −5.4% | −5.3% |
| June 30, 2022 | −14.0% | −16.5% |
| March 31, 2022 | −4.0% | −4.9% |
| December 31, 2021 | +1.9% | +10.7% |
| September 30, 2021 | −2.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Matisse Capital Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1668256&type=13F-HR&dateb=&owner=include&count=40CIK 1668256
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1668256/000166825626000004/Filed August 12, 2026 · accession 0001668256-26-000004