SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Matisse Capital

CIK 0001668256 · 15350 SW SEQUOIA PKWY, SUITE 260, PORTLAND, OR, 97224 · 5032103000

Reported Value
$272M
Q3 2021
Positions
150
Filings on Record
32
2019–present window
Filed
Nov 8, 2021
original filing

Summary

Matisse Capital reported $272M in U.S.-listed holdings across 150 positions for Q3 2021.

Its largest position, Pershing Square Tontine Hldg, represents 5.4% of the portfolio.

Compared with Q2 2021, the fund opened 27 new positions and exited 25.

Portfolio Metrics

Turnover
+11.5%
vs prior filed quarter
Top-10 Concentration
+35.6%
share of reported value
Largest Position
+5.4%
Pershing Square Tontine Hldg
New / Exited
27 / 25
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $79MQ4 ’18Q1 ’19: $83MQ2 ’19: $78MQ3 ’19: $81MQ4 ’19: $141MQ4 ’19Q1 ’20: $254MQ2 ’20: $301MQ3 ’20: $250MQ4 ’20: $322MQ4 ’20Q1 ’21: $694MQ2 ’21: $316MQ3 ’21: $272MQ4 ’21: $145MQ4 ’21Q1 ’22: $109MQ2 ’22: $105MQ3 ’22: $79MQ4 ’22: $113MQ4 ’22Q1 ’23: $155MQ2 ’23: $161MQ3 ’23: $142MQ4 ’23: $188MQ4 ’23Q1 ’24: $208MQ2 ’24: $202MQ3 ’24: $206MQ4 ’24: $197MQ4 ’24Q1 ’25: $190MQ2 ’25: $212MQ3 ’25: $222MQ4 ’25: $224MQ4 ’25Q1 ’26: $234Mfilingsflow.com

Portfolio Composition

By security type
Closed-End Fund: 56.1%Common Stock: 19.4%Other: 14.5%ETP: 6.2%REIT: 3.6%Other: 0.1%
  • Closed-End Fund · 56.1% · $152M
  • Common Stock · 19.4% · $53M
  • Other · 14.5% · $39M
  • ETP · 6.2% · $17M
  • REIT · 3.6% · $10M
  • Other · 0.1% · $395,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PERSHING SQUARE TONTINE HLDGNEW+747.0K747.0K+$15M$15M
ECOFIN SUSTAINABLE AND SOCIANEW+320.2K320.2K+$4M$4M
SHOPSHOPIFY INCNEW+500500+$678,000$678,000
VPUVANGUARD WORLD FDSNEW+4.4K4.4K+$612,000$612,000
ADIANALOG DEVICES INCNEW+3.4K3.4K+$572,000$572,000
DELAWARE IVY HIGH INCOME OPPNEW+41.2K41.2K+$563,000$563,000
SPDR SER TRNEW+17.4K17.4K+$448,000$448,000
VANGUARD MALVERN FDSNEW+8.5K8.5K+$447,000$447,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2021

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PERSHING SQUARE TONTINE HLDGCOM CL A5.42%$15M747.0K
2HIGHLAND INCOME FDHIGHLAND INCOME4.89%$13M1.23M
3ADXADAMS DIVERSIFIED EQUITY FDhistory →COM4.21%$11M578.2K
4CETCENTRAL SECS CORPhistory →COM4.08%$11M262.2K
5NXDTNEXPOINT STRATEGIC OPPORTEShistory →COM NEW3.65%$10M712.0K
6KAYNE ANDERSON NEXTGEN ENRGYCOM3.16%$9M1.18M
7ISHARES TRCORE DIV GRWTH2.67%$7M144.6K
8TYGTORTOISE ENERGY INFRA CORPhistory →COM2.64%$7M264.7K
9IIFMORGAN STANLEY INDIA INVT FDhistory →COM2.63%$7M258.5K
10NRGXEURPIMCO ENERGY & TACTICAL CR Ohistory →COM SHS BEN INT2.29%$6M510.0K
11EMOCLEARBRIDGE ENERGY MIDSTRM Ohistory →COM2.23%$6M276.9K
12XCAFXMORGAN STANLEY CHINA A SH FDhistory →COM2.18%$6M282.0K
13ASA GOLD AND PRECIOUS MTLS LSHS2.16%$6M310.2K
14MORGAN STANLEY EMERGING MKTSCOM2.15%$6M996.4K
15NEUBERGER BERMAN MLP & ENERGCOM2.12%$6M1.17M
16HGLBHIGHLAND GLOBAL ALLOCATION Fhistory →COM2.10%$6M628.9K
17MSFTMICROSOFT CORPhistory →COM1.94%$5M18.7K
18GENERAL AMERN INVS CO INCCOM1.93%$5M122.0K
19STEWBOULDER GROWTH & INCOME FD Ihistory →COM1.87%$5M387.5K
20TORTOISE MIDSTRM ENERGY FD ICOM1.81%$5M169.9K
21AAPLAPPLE INChistory →COM1.78%$5M34.3K
22ECOFIN SUSTAINABLE AND SOCIACOM SH BEN INT1.64%$4M320.2K
23JOFJAPAN SMALLER CAPITALIZATIONhistory →COM1.22%$3M366.4K
24SALIENT MIDSTREAM & MLP FDSH BEN INT1.19%$3M510.7K
25ASCENDIS PHARMA A/SSPONSORED ADR1.17%$3M19.9K
26RMTROYCE MICRO-CAP TR INChistory →COM1.17%$3M277.8K
27AMZNAMAZON COM INChistory →COM1.11%$3M920
28TWNTAIWAN FD INChistory →COM1.09%$3M84.3K
29RMR MORTGAGE TRCOM1.09%$3M287.7K
30MACQUARIE GLOBAL INFRASTRUCTCOM1.02%$3M119.1K
31SWZSWISS HELVETIA FD INCCOM0.99%$3M292.1K
32CPZCALAMOS LNG SHR EQT DYNAMICCOM0.99%$3M131.7K
33GRXGABELLI HLTHCARE & WELLNESSSHS0.96%$3M196.5K
34XJEQXABERDEEN JAPAN EQUITY FD INCCOM0.91%$2M254.2K
35LRCXEURLAM RESEARCH CORPCOM0.84%$2M4.0K
36USBUS BANCORP DELCOM NEW0.82%$2M37.3K
37CCIFVERTICAL CAP INCOME FDSHS BEN INT0.81%$2M208.9K
38XXCHNXXCHINA FD INCCOM0.75%$2M80.1K
39GGZGABELLI GLOBAL SMALL & MID CCOM0.71%$2M120.7K
40CENTER COAST BRKFLD MLP ENRGSHS BEN INT0.65%$2M126.1K
41GOOGLALPHABET INCCAP STK CL A0.63%$2M638
42PGZPRINCIPAL REAL ESTATE INCOMESHS BEN INT0.63%$2M116.0K
43GDLGDL FDCOM SH BEN IT0.61%$2M185.7K
44SWAVUSDSHOCKWAVE MED INCCOM0.61%$2M8.1K
45ELVANTHEM INCCOM0.59%$2M4.3K
46SRVCUSHING MLP & INFRASTRUCTCOM NEW0.51%$1M44.0K
47GOLDMAN SACHS MLP ENERGY RENCOM0.50%$1M125.7K
48KYNEURKAYNE ANDERSON ENERGY INFRSTCOM0.48%$1M163.2K
49ABERDEEN ASIA-PACIFIC INCOMECOM0.43%$1M278.7K
50NEW IRELAND FD INCCOM0.40%$1M89.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$234M190May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$224M195Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$222M196Oct 29, 202513F-HRchanges · EDGAR ↗
Q2 2025$212M198Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$190M196Apr 24, 202513F-HRchanges · EDGAR ↗
Q4 2024$197M197Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$206M204Oct 17, 202413F-HRchanges · EDGAR ↗
Q2 2024$202M211Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$208M223Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$188M220Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$142M169Oct 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$161M169Aug 2, 202313F-HRchanges · EDGAR ↗
Q1 2023$155M175Apr 27, 202313F-HRchanges · EDGAR ↗
Q4 2022REVEALED$113M234Jan 20, 202313F-HRchanges · EDGAR ↗
Q3 2022$79M84Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$105M124Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$109M123Apr 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$145M137Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$272M150Nov 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$316M148Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021REVEALED$694M330May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$322M156Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$250M147Nov 4, 202013F-HRchanges · EDGAR ↗
Q2 2020$301M219Jul 28, 202013F-HRchanges · EDGAR ↗
Q1 2020$254M254May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$141M166Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$81M97Oct 28, 201913F-HRchanges · EDGAR ↗
Q2 2019$78M97Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$83M97Apr 24, 201913F-HRchanges · EDGAR ↗
Q4 2018$79M101Jan 18, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.