Deschutes Portfolio Strategy

Matisse Capital as of March 31, 2019

Portfolio Holdings for Matisse Capital

Matisse Capital holds 97 positions in its portfolio as reported in the March 2019 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
RMR Asia Pacific Real Estate Fund 6.2 $5.1M 275k 18.69
THE GDL FUND Closed-End fund (GDL) 5.3 $4.4M 459k 9.56
Dividend & Income Fund (BXSY) 4.8 $4.0M 354k 11.36
Eagle Grwth & Income Oppty F 4.2 $3.4M 224k 15.37
Nexpoint Credit Strategies Fund (NXDT) 3.9 $3.2M 147k 21.77
Mexico Fund (MXF) 3.8 $3.2M 229k 13.84
Gabelli mutual funds - (GGZ) 3.1 $2.6M 221k 11.77
Clearbridge Energy M 2.5 $2.1M 212k 9.70
Kayne Anderson Mdstm Energy 2.4 $2.0M 167k 11.90
Nuveen Arizona Premium Income Mun (NAZ) 2.4 $2.0M 155k 12.83
Salient Midstream & M 2.4 $2.0M 213k 9.19
Boulder Growth & Income Fund (STEW) 2.3 $1.9M 180k 10.78
Central Securities (CET) 2.2 $1.8M 63k 28.65
Aberdeen Chile Fund (AEF) 2.2 $1.8M 247k 7.27
U.S. Bancorp (USB) 2.1 $1.8M 37k 48.20
Microsoft Corporation (MSFT) 2.1 $1.8M 15k 117.96
China Fund (CHN) 2.1 $1.8M 86k 20.38
Wave Life Sciences (WVE) 2.1 $1.8M 45k 38.86
Exd - Eaton Vance Tax-advant 1.9 $1.6M 171k 9.26
Apple (AAPL) 1.7 $1.4M 7.4k 190.01
Central Europe and Russia Fund (CEE) 1.6 $1.4M 57k 24.05
Petroleum & Res Corp Com cef (PEO) 1.6 $1.3M 79k 16.77
Synthorx 1.6 $1.3M 64k 20.36
Amazon (AMZN) 1.5 $1.2M 678.00 1780.24
Ascendis Pharma A S (ASND) 1.4 $1.2M 10k 117.67
Highland Global mf closed and mf open (HGLB) 1.2 $974k 75k 12.92
Intel Corporation (INTC) 1.1 $942k 18k 53.72
Taiwan Fund (TWN) 1.1 $947k 53k 17.91
D Ishares (EEMS) 1.1 $945k 21k 45.00
Vanguard Health Care ETF (VHT) 1.0 $860k 5.0k 172.41
Nike (NKE) 1.0 $801k 9.5k 84.26
Cushing Mlp Total Return Fd Com New cef 0.9 $766k 73k 10.45
Cbre Clarion Global Real Estat re (IGR) 0.8 $691k 93k 7.47
New Ireland Fund 0.8 $683k 76k 9.01
Solid Biosciences 0.7 $604k 66k 9.19
Arvinas Ord (ARVN) 0.6 $527k 36k 14.76
Brookfield Global Listed 0.6 $513k 42k 12.32
Nuveen Nj Div Advantage Mun (NXJ) 0.6 $495k 36k 13.85
General American Investors (GAM) 0.6 $488k 15k 33.34
Mexico Equity and Income Fund (MXE) 0.6 $490k 46k 10.63
Northrop Grumman Corporation (NOC) 0.6 $481k 1.8k 269.47
Aberdeen Asia-Pacific Income Fund 0.6 $484k 114k 4.23
Berkshire Hathaway (BRK.B) 0.6 $463k 2.3k 200.87
Eaton Vance Municipal Income Trust (EVN) 0.6 $463k 38k 12.21
Lockheed Martin Corporation (LMT) 0.6 $452k 1.5k 300.33
General Dynamics Corporation (GD) 0.6 $453k 2.7k 169.09
BlackRock Floating Rate Income Trust (BGT) 0.5 $436k 36k 12.21
3M Company (MMM) 0.5 $432k 2.1k 207.69
Eaton Vance Fltg Rate In 0.5 $428k 29k 14.81
Intuitive Surgical (ISRG) 0.5 $423k 741.00 570.85
WisdomTree Intl. SmallCap Div (DLS) 0.5 $421k 6.4k 65.78
Anthem (ELV) 0.5 $415k 1.4k 286.80
Vaneck Vectors J.p. Morgan Em Local Currency Bond Etf etf (EMLC) 0.5 $389k 12k 33.40
Lam Research Corporation 0.5 $380k 2.1k 179.25
First Trust/Four Corners SFRI Fund II (FCT) 0.5 $370k 31k 11.82
Kala Pharmaceuticals 0.4 $361k 44k 8.26
Starbucks Corporation (SBUX) 0.4 $360k 4.8k 74.44
Nuveen Conn Prem Income Mun sh ben int 0.4 $355k 30k 12.03
Blackrock Res & Commodities Strategy Tr (BCX) 0.4 $355k 43k 8.18
WellCare Health Plans 0.4 $348k 1.3k 269.77
Chevron Corporation (CVX) 0.4 $328k 2.7k 123.26
Wal-Mart Stores (WMT) 0.4 $324k 3.3k 97.59
Orbcomm 0.4 $309k 46k 6.79
Costco Wholesale Corporation (COST) 0.4 $295k 1.2k 242.20
Johnson & Johnson (JNJ) 0.4 $295k 2.1k 139.61
Medifast (MED) 0.4 $300k 2.4k 127.66
Home Depot (HD) 0.3 $293k 1.5k 191.75
Maxim Integrated Products 0.3 $278k 5.2k 53.12
Asa (ASA) 0.3 $276k 27k 10.24
MasterCard Incorporated (MA) 0.3 $261k 1.1k 235.14
BlackRock Floating Rate Income Strat. Fn (FRA) 0.3 $265k 21k 12.50
Ishares Tr core div grwth (DGRO) 0.3 $263k 7.2k 36.77
Delta Air Lines (DAL) 0.3 $245k 4.8k 51.58
Humana (HUM) 0.3 $242k 909.00 266.23
Ares Dynamic Cr Allocation (ARDC) 0.3 $243k 16k 14.82
Xilinx 0.3 $228k 1.8k 126.67
Vanguard Total Stock Market ETF (VTI) 0.3 $235k 1.6k 144.62
Neuberger Berman NY Int Mun Common 0.3 $227k 18k 12.43
Royce Global Value Tr (RGT) 0.3 $225k 22k 10.06
Boeing Company (BA) 0.3 $212k 555.00 381.98
Robert Half International (RHI) 0.3 $215k 3.3k 65.15
Source Capital 0.3 $217k 6.0k 36.05
Nuveen Michigan Qlity Incom Municipal 0.3 $219k 17k 13.26
Nuveen North Carol Premium Incom Mun 0.2 $204k 16k 12.75
Eagle Cap Growth (GRF) 0.2 $197k 26k 7.60
Eaton Vance Municipal Bond Fund (EIM) 0.2 $184k 15k 12.42
Nuveen Minn Mun Income (NMS) 0.2 $178k 13k 13.38
Delaware Inv Mn Mun Inc Fd I 0.2 $167k 13k 12.65
Nuveen Ga Div Adv Mun Fd 2 0.2 $157k 13k 11.89
Nuveen PA Investnt Quality Municipal (NQP) 0.2 $153k 12k 13.19
Nuveen Maryland Premium Income Municipal 0.2 $153k 12k 12.54
Eaton Vance Senior Income Trust (EVF) 0.2 $142k 23k 6.15
Japan Equity Fund ietf (JEQ) 0.1 $111k 16k 6.97
Franklin Universal Trust (FT) 0.1 $103k 15k 7.01
Energy Fuels (UUUU) 0.1 $84k 25k 3.32
LightPath Technologies (LPTH) 0.1 $45k 30k 1.49
Stage Stores 0.0 $11k 11k 1.05