Deschutes Portfolio Strategy

Matisse Capital as of Sept. 30, 2021

Portfolio Holdings for Matisse Capital

Matisse Capital holds 150 positions in its portfolio as reported in the September 2021 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Pershing Square Tontine Hldg Com Cl A 5.4 $15M 747k 19.70
Highland Income Highland Income (HFRO) 4.9 $13M 1.2M 10.77
Adams Express Company (ADX) 4.2 $11M 578k 19.80
Central Securities (CET) 4.1 $11M 262k 42.25
Nexpoint Strategic Opportes Com New (NXDT) 3.6 $9.9M 712k 13.91
Kayne Anderson Mdstm Energy 3.2 $8.6M 1.2M 7.28
Ishares Tr Core Div Grwth (DGRO) 2.7 $7.3M 145k 50.24
Tortoise Energy Infrastructure closed end funds (TYG) 2.6 $7.2M 265k 27.10
Morgan Stanley India Investment Fund (IIF) 2.6 $7.1M 259k 27.59
Pimco Energy & Tactical Cr O Com Shs Ben Int (PDX) 2.3 $6.2M 510k 12.21
ClearBridge Energy MLP Fund (EMO) 2.2 $6.0M 277k 21.85
Morgan Stanley China A Share Fund (CAF) 2.2 $5.9M 282k 20.99
Asa Gold And Precious Mtls L SHS (ASA) 2.2 $5.9M 310k 18.89
Morgan Stanley Emerging Markets Domestic (EDD) 2.1 $5.8M 996k 5.85
Neuberger Berman Mlp Income (NML) 2.1 $5.8M 1.2M 4.93
Highland Global mf closed and mf open (HGLB) 2.1 $5.7M 629k 9.09
Microsoft Corporation (MSFT) 1.9 $5.3M 19k 281.95
General American Investors (GAM) 1.9 $5.3M 122k 43.06
Boulder Growth & Income Fund (STEW) 1.9 $5.1M 388k 13.11
Tortoise Midstream Energy M (NTG) 1.8 $4.9M 170k 28.87
Apple (AAPL) 1.8 $4.8M 34k 141.51
Ecofin Sustainable And Socia Com Sh Ben Int (TEAF) 1.6 $4.5M 320k 13.93
Japan Smaller Capitalizaion Fund (JOF) 1.2 $3.3M 366k 9.05
Salient Midstream & M Sh Ben Int 1.2 $3.2M 511k 6.35
Ascendis Pharma A/s Sponsored Adr (ASND) 1.2 $3.2M 20k 159.37
Royce Micro Capital Trust (RMT) 1.2 $3.2M 278k 11.42
Amazon (AMZN) 1.1 $3.0M 920.00 3284.78
Taiwan Fund (TWN) 1.1 $3.0M 84k 35.21
RMR Asia Pacific Real Estate Fund 1.1 $3.0M 288k 10.31
Macquarie Global Infr Total Rtrn Fnd 1.0 $2.8M 119k 23.31
Swiss Helvetia Fund (SWZ) 1.0 $2.7M 292k 9.18
Calamos Lng/shrt Eq & Dyn (CPZ) 1.0 $2.7M 132k 20.35
Gabelli Hlthcare & Wellness SHS (GRX) 1.0 $2.6M 197k 13.21
Japan Equity Fund ietf (JEQ) 0.9 $2.5M 254k 9.75
Lam Research Corporation (LRCX) 0.8 $2.3M 4.0k 569.18
Us Bancorp Del Com New (USB) 0.8 $2.2M 37k 59.44
Vertical Cap Income Shs Ben Int (CCIF) 0.8 $2.2M 209k 10.49
China Fund (CHN) 0.7 $2.0M 80k 25.42
Gabelli mutual funds - (GGZ) 0.7 $1.9M 121k 15.93
Center Coast Brkfld Mlp Enrg Shs Ben Int 0.6 $1.8M 126k 13.91
Alphabet Cap Stk Cl A (GOOGL) 0.6 $1.7M 638.00 2673.98
Principal Real Estate Income Shs Ben Int (PGZ) 0.6 $1.7M 116k 14.70
GDL Com Sh Ben It (GDL) 0.6 $1.7M 186k 8.98
Shockwave Med (SWAV) 0.6 $1.7M 8.1k 205.91
Anthem (ELV) 0.6 $1.6M 4.3k 372.89
Cushing Mlp & Infrastruct Com New (SRV) 0.5 $1.4M 44k 31.79
Goldman Sachs Mlp Energy Renai Com cef 0.5 $1.4M 126k 10.76
Kayne Anderson MLP Investment (KYN) 0.5 $1.3M 163k 8.00
Aberdeen Asia-Pacific Income Fund (FAX) 0.4 $1.2M 279k 4.15
New Ireland Fund 0.4 $1.1M 89k 12.32
Nike CL B (NKE) 0.4 $1.1M 7.2k 145.28
Delaware Inv Mn Mun Inc Fd I 0.4 $993k 70k 14.19
Angel Oak Dynamic Finl Strat Com Ben Int 0.4 $961k 47k 20.45
Central Europe and Russia Fund (CEE) 0.3 $944k 33k 28.86
Neuberger Ber. CA Intermediate Muni Fund 0.3 $932k 65k 14.32
Nuveen Sht Dur Cr Opp 0.3 $876k 58k 15.10
Aberdeen Std Global Infrastr Com Shs Ben Int (ASGI) 0.3 $870k 44k 19.92
Nuveen Nj Div Advantage Mun (NXJ) 0.3 $866k 56k 15.42
Legg Mason Bw Global Income (BWG) 0.3 $851k 68k 12.51
Neuberger Berman NY Int Mun Common 0.3 $843k 64k 13.14
Home Depot (HD) 0.3 $842k 2.6k 328.39
Eagle Cap Growth (GRF) 0.3 $830k 88k 9.39
Apollo Tactical Income Fd In (AIF) 0.3 $804k 51k 15.82
Pgim Global Short Duration H (GHY) 0.3 $801k 52k 15.40
Morgan Stanley Emerging Markets Debt (MSD) 0.3 $793k 87k 9.11
Eaton Vance Calif Mun Incom Sh Ben Int (CEV) 0.3 $787k 58k 13.62
Intel Corporation (INTC) 0.3 $743k 14k 53.25
Invesco Van Kampen Penn Vl MI Trust (VPV) 0.3 $740k 56k 13.25
Blackrock Calif Mun Income T Sh Ben Int (BFZ) 0.3 $735k 50k 14.75
Square Cl A (SQ) 0.3 $720k 3.0k 240.00
DTF Tax Free Income (DTF) 0.3 $694k 48k 14.46
Shopify Cl A (SHOP) 0.2 $678k 500.00 1356.00
Apollo Sr Floating Rate Fd I (AFT) 0.2 $660k 42k 15.79
Arvinas Ord (ARVN) 0.2 $635k 7.7k 82.15
Vanguard World Fds Utilities Etf (VPU) 0.2 $612k 4.4k 139.09
Nuveen Global High Income SHS (JGH) 0.2 $612k 38k 16.06
Hubspot (HUBS) 0.2 $608k 900.00 675.56
Berkshire Hathaway Inc Del Cl B New (BRK.B) 0.2 $602k 2.2k 273.02
Analog Devices (ADI) 0.2 $572k 3.4k 167.45
Ivy High Income Opportunities 0.2 $563k 41k 13.67
Angel Oak Finl Strategies In Com Ben Int (FINS) 0.2 $563k 33k 17.03
Northrop Grumman Corporation (NOC) 0.2 $562k 1.6k 360.26
Lowe's Companies (LOW) 0.2 $548k 2.7k 202.96
Blackstone Strategic Credit Com Shs Ben In (BGB) 0.2 $540k 39k 13.85
Intuitive Surgical Com New (ISRG) 0.2 $538k 541.00 994.45
First Tr Dynamic Europe Equi Com Shs 0.2 $536k 42k 12.88
Blackstone Long Short Cr Com Shs Bn Int (BGX) 0.2 $526k 35k 15.16
Ringcentral Cl A (RNG) 0.2 $522k 2.4k 217.50
Medifast (MED) 0.2 $520k 2.7k 192.59
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 0.2 $516k 39k 13.30
Costco Wholesale Corporation (COST) 0.2 $506k 1.1k 449.78
JPMorgan Chase & Co. (JPM) 0.2 $496k 3.0k 163.64
Mastercard Incorporated Cl A (MA) 0.2 $492k 1.4k 347.46
Starbucks Corporation (SBUX) 0.2 $490k 4.4k 110.24
Wal-Mart Stores (WMT) 0.2 $472k 3.4k 139.27
Spdr Ser Tr Portfli Mortgage (SPMB) 0.2 $448k 17k 25.74
Vanguard Malvern Fds Strm Infproidx (VTIP) 0.2 $447k 8.5k 52.59
Ishares Tr Ibonds 23 Trm Ts 0.2 $446k 17k 25.63
Ishares Tr Ibonds 21 Trm Ts 0.2 $446k 18k 25.34
Ishares Tr Ibonds 22 Trm Ts 0.2 $445k 18k 25.43
Franklin Etf Tr Liberty Shrt Etf (FTSD) 0.2 $445k 4.7k 94.68
Ishares Tr Ibonds 24 Trm Ts (IBTE) 0.2 $445k 17k 25.72
Spdr Ser Tr Portfolio Sh Tsr (SPTS) 0.2 $444k 15k 30.62
Ishares Tr 0-5 Yr Tips Etf (STIP) 0.2 $444k 4.2k 105.71
Invesco Exch Traded Fd Tr Ii Treas Colaterl (TBLL) 0.2 $444k 4.2k 105.71
Ishares Tr Ibonds 25 Trm Ts (IBTF) 0.2 $444k 17k 25.66
Ishares Tr TRS FLT RT BD (TFLO) 0.2 $442k 8.8k 50.23
Vanguard Scottsdale Fds Short Term Treas (VGSH) 0.2 $442k 7.2k 61.39
Ishares Tr Short Treas Bd (SHV) 0.2 $442k 4.0k 110.50
Goldman Sachs Etf Tr Acces Treasury (GBIL) 0.2 $440k 4.4k 100.00
Ishares Tr 0-3 Mnth Treasry (SGOV) 0.2 $440k 4.4k 100.00
Invesco Exch Traded Fd Tr Ii Purbta 0 5 Yr (PBTP) 0.2 $440k 17k 26.51
Ishares Tr 1 3 Yr Treas Bd (SHY) 0.2 $439k 5.1k 86.08
Spdr Ser Tr Spdr Bloomberg (BIL) 0.2 $439k 4.8k 91.46
Ishares Tr Agency Bond Etf (AGZ) 0.2 $438k 3.7k 118.38
Select Sector Spdr Tr Sbi Int-utils (XLU) 0.2 $424k 6.6k 63.85
Lockheed Martin Corporation (LMT) 0.1 $397k 1.2k 345.22
Rivernorth Marketplace Lendi (RSF) 0.1 $395k 21k 19.18
A Mark Precious Metals (AMRK) 0.1 $390k 6.5k 60.00
Ishares Tr Rus 1000 Val Etf (IWD) 0.1 $376k 2.4k 156.67
Toyota Motor Corp Sp Adr Rep2com (TM) 0.1 $356k 2.0k 178.00
General Dynamics Corporation (GD) 0.1 $347k 1.8k 196.05
Alps Etf Tr Med Breakthgh (SBIO) 0.1 $343k 7.5k 45.47
Ark Etf Tr Innovation Etf (ARKK) 0.1 $342k 3.1k 110.68
Nuveen Ohio Quality Income M 0.1 $327k 21k 15.87
Barings Global Short Duration Com cef (BGH) 0.1 $323k 19k 17.10
Target Corporation (TGT) 0.1 $297k 1.3k 228.46
UnitedHealth (UNH) 0.1 $293k 750.00 390.67
Johnson & Johnson (JNJ) 0.1 $270k 1.7k 161.68
3M Company (MMM) 0.1 $251k 1.4k 175.52
Coinbase Global Com Cl A (COIN) 0.1 $250k 1.1k 227.07
Chevron Corporation (CVX) 0.1 $240k 2.4k 101.27
Forma Therapeutics Hldgs SHS 0.1 $237k 10k 23.24
Procter & Gamble Company (PG) 0.1 $228k 1.6k 139.62
Visa Com Cl A (V) 0.1 $226k 1.0k 222.66
Illinois Tool Works (ITW) 0.1 $207k 1.0k 207.00
Vanguard Intl Equity Index F Ftse Emr Mkt Etf (VWO) 0.1 $205k 4.1k 50.00
Vanguard Intl Equity Index F Tt Wrld St Etf (VT) 0.1 $204k 2.0k 102.00
Invesco Van Kampen Trust for IGNYM Fund (VTN) 0.1 $193k 14k 13.50
Kala Pharmaceuticals 0.1 $147k 56k 2.62
Energy Fuels Com New (UUUU) 0.0 $118k 17k 7.04
Verastem 0.0 $108k 35k 3.09
Credit Suisse High Yield Bd Sh Ben Int (DHY) 0.0 $105k 43k 2.47
Sientra 0.0 $91k 16k 5.75
Novagold Res Com New (NG) 0.0 $69k 10k 6.90
Wave Life Sciences SHS (WVE) 0.0 $65k 13k 4.92
Solid Biosciences 0.0 $37k 16k 2.39
Orchard Therapeutics Ads 0.0 $32k 14k 2.29
Lightpath Technologies Com Cl A (LPTH) 0.0 $29k 14k 2.15
Angel Oak Finl Strategies In Right 10/14/2021 0.0 $7.0k 33k 0.21