Matisse Capital Q4 2025 Filing

Filed January 29, 2026

Portfolio Value

$224.4B

Holdings

166

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (166 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	AAPLAPPLE INC	36,722	$10.0B	4.45%
2	XPCQXPIMCO CALIF MUN INCOME FD	920,318	$8.0B	3.58%
3	DGROISHARES TR	112,343	$7.8B	3.48%
4	MSFTMICROSOFT CORP	14,183	$6.9B	3.06%
5	ASNDASCENDIS PHARMA A/S	27,305	$5.8B	2.59%
6	FSCOFS CREDIT OPPORTUNITIES CORP	897,918	$5.7B	2.52%
7	TWNTAIWAN FD INC	84,000	$4.5B	2.00%
8	XFLTXAI OCTAGN FLT RAT & ALT INM	920,000	$4.4B	1.97%
9	MXFMEXICO FD INC	205,000	$4.1B	1.84%
10	GOOGLALPHABET INC	12,975	$4.1B	1.81%
11	XCAFXMORGAN STANLEY CHINA A SH FD	233,000	$4.0B	1.80%
12	TDFTEMPLETON DRAGON FD INC	342,000	$3.9B	1.72%
13	RGTROYCE GLOBAL TRUST INC	291,000	$3.8B	1.70%
14	SWZTOTAL RETURN SECURITIES FUND	610,000	$3.8B	1.69%
15	BTXBLACKROCK TECH AND PRIVATE E	571,000	$3.8B	1.68%
16	HFROHIGHLAND OPPS & INCOME FD	617,000	$3.7B	1.64%
17	DMADESTRA MULTI-ALTERNATIVE FD	407,000	$3.6B	1.63%
18	HGLBHIGHLAND GLOBAL ALLOCATION F	393,000	$3.6B	1.60%
19	BPREBLUEROCK PVT REAL ESTATE FD	224,800	$3.4B	1.50%
20	STEWSRH TOTAL RETURN FUND INC	180,000	$3.3B	1.49%
21	NXDTNEXPOINT DIVERSIFIED REL ET	861,609	$3.3B	1.47%
22	CETCENTRAL SECS CORP	65,000	$3.3B	1.47%
23	LRCXLAM RESEARCH CORP	18,737	$3.2B	1.43%
24	KFKOREA FD INC	82,265	$3.0B	1.33%
25	MXEMEXICO EQUITY & INCOME FD	237,827	$2.9B	1.31%
26	VBKVANGUARD INDEX FDS	9,554	$2.9B	1.29%
27	GLOCLOUGH GLOBAL OPPORTUNITIES	490,128	$2.8B	1.24%
28	KYNKAYNE ANDERSON ENERGY INFRST	222,839	$2.8B	1.23%
29	AMZNAMAZON COM INC	11,264	$2.6B	1.16%
30	BIVVANGUARD BD INDEX FDS	32,186	$2.5B	1.12%
31	VBRVANGUARD INDEX FDS	10,652	$2.3B	1.01%
32	METAMETA PLATFORMS INC	3,147	$2.1B	0.93%
33	BTTBLACKROCK MUN TARGET TERM TR	90,000	$2.1B	0.92%
34	WIWWESTERN AST INFL LKD OPP & I	230,000	$2.0B	0.88%
35	EEAEUROPEAN EQUITY FD INC	188,070	$1.9B	0.86%
36	NBXGNEUBERGER NEXT GENERATION	129,790	$1.9B	0.84%
37	GOOGALPHABET INC	5,840	$1.8B	0.82%
38	SFMSPROUTS FMRS MKT INC	22,542	$1.8B	0.80%
39	VFLABRDN NATL MUN INCOME FD	174,693	$1.8B	0.80%
40	DISVDIMENSIONAL ETF TRUST	44,100	$1.7B	0.75%
41	NVDANVIDIA CORPORATION	8,750	$1.6B	0.73%
42	VVRINVESCO SR INCOME TR	489,082	$1.6B	0.71%
43	JPMJPMORGAN CHASE & CO.	4,941	$1.6B	0.71%
44	BRK/BBERKSHIRE HATHAWAY INC DEL	3,090	$1.6B	0.69%
45	GLVCLOUGH GLOBAL DIVID & INCOME	240,785	$1.4B	0.64%
46	FMNFEDERATED HERMES PREM MUNI I	128,815	$1.4B	0.64%
47	EMBISHARES TR	14,354	$1.4B	0.62%
48	NBHNEUBERGER MUN FD INC	135,900	$1.4B	0.61%
49	DFEVDIMENSIONAL ETF TRUST	39,760	$1.3B	0.60%
50	SPYSPDR S&P 500 ETF TR	1,524	$1.3B	0.57%	Put
51	VVISA INC	3,645	$1.3B	0.57%
52	ETNEATON CORP PLC	3,959	$1.3B	0.56%
53	XOMEXXON MOBIL CORP	10,477	$1.3B	0.56%
54	EEMISHARES TR	22,990	$1.3B	0.56%
55	BWGBRANDYWINEGBL GBL INCM OPP F	145,866	$1.2B	0.54%
56	ACMAECOM	12,611	$1.2B	0.54%
57	WMTWALMART INC	10,642	$1.2B	0.53%
58	JCIJOHNSON CTLS INTL PLC	9,705	$1.2B	0.52%
59	COSTCOSTCO WHSL CORP NEW	1,299	$1.1B	0.50%
60	NKENIKE INC	17,560	$1.1B	0.50%
61	TSMTAIWAN SEMICONDUCTOR MFG LTD	3,635	$1.1B	0.49%
62	BLKBLACKROCK INC	940	$1.0B	0.45%
63	GEVGE VERNOVA INC	1,463	$956.0M	0.43%
64	NTAPNETAPP INC	8,699	$931.0M	0.41%
65	ADIANALOG DEVICES INC	3,406	$923.0M	0.41%
66	CMUMFS HIGH YIELD MUN TR	262,208	$920.0M	0.41%
67	TSCOTRACTOR SUPPLY CO	18,315	$915.0M	0.41%
68	STESTERIS PLC	3,397	$861.0M	0.38%
69	XJQCXNUVEEN CR STRATEGIES INCOME	170,247	$854.0M	0.38%
70	MUCBLACKROCK MUNIHLDNGS CALI QL	78,600	$833.0M	0.37%
71	PLTRPALANTIR TECHNOLOGIES INC	4,618	$820.0M	0.37%
72	QCOMQUALCOMM INC	4,727	$808.0M	0.36%
73	FDXFEDEX CORP	2,800	$808.0M	0.36%
74	IDEVISHARES TR	9,632	$794.0M	0.35%
75	ELVELEVANCE HEALTH INC FORMERLY	2,250	$788.0M	0.35%
76	VFHVANGUARD WORLD FD	5,811	$775.0M	0.35%
77	MAMASTERCARD INCORPORATED	1,353	$772.0M	0.34%
78	LEOBNY MELLON STRATEGIC MUNS IN	117,935	$750.0M	0.33%
79	LOWLOWES COS INC	3,103	$748.0M	0.33%
80	WVEWAVE LIFE SCIENCES LTD	42,193	$717.0M	0.32%
81	VOOVANGUARD INDEX FDS	1,138	$713.0M	0.32%
82	BNYBLACKROCK N Y MUN INCOME TRU	69,921	$708.0M	0.32%
83	VEAVANGUARD TAX-MANAGED FDS	11,228	$701.0M	0.31%
84	CXHMFS INVT GRADE MUN TR	86,381	$686.0M	0.31%
85	DGSWISDOMTREE TR	11,518	$659.0M	0.29%
86	SPRYARS PHARMACEUTICALS INC	55,561	$647.0M	0.29%
87	EMLCVANECK ETF TRUST	24,900	$642.0M	0.29%
88	NTRNUTRIEN LTD	10,256	$633.0M	0.28%
89	RFMZRIVERNORTH FLEXIBLE MUNI INC	49,190	$622.0M	0.28%
90	GGZGABELLI GLOBAL SMALL & MID C	40,365	$604.0M	0.27%
91	CEECENTRAL & EASTERN EUROPE FD	33,995	$601.0M	0.27%
92	DEDEERE & CO	1,279	$595.0M	0.27%
93	THNQEXCHANGE TRADED CONCEPTS TRU	9,086	$576.0M	0.26%
94	PRCTPROCEPT BIOROBOTICS CORP	18,067	$568.0M	0.25%
95	XGLQXCLOUGH GLOBAL EQUITY FD	73,483	$562.0M	0.25%
96	HDHOME DEPOT INC	1,606	$552.0M	0.25%
97	LMTLOCKHEED MARTIN CORP	1,139	$550.0M	0.25%
98	UNPUNION PAC CORP	2,296	$531.0M	0.24%
99	MINVMATTHEWS ASIA FDS	15,023	$530.0M	0.24%
100	IONQIONQ INC	11,405	$511.0M	0.23%

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