Deschutes Portfolio Strategy

Matisse Capital as of Dec. 31, 2019

Portfolio Holdings for Matisse Capital

Matisse Capital holds 114 positions in its portfolio as reported in the December 2019 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Blackrock MuniHoldings CA Insrd Fnd (MUC) 4.2 $5.9M 424k 14.02
Synthorx 3.8 $5.4M 77k 69.89
RMR Asia Pacific Real Estate Fund 3.8 $5.3M 263k 20.20
Nexpoint Credit Strategies Fund (NXDT) 3.5 $5.0M 283k 17.71
Dividend & Income Fund (BXSY) 3.3 $4.7M 351k 13.46
Invesco Van Kampen Dyn Cr Opp Fund 3.1 $4.4M 386k 11.35
Nuveen Fltng Rte Incm Opp 3.1 $4.4M 439k 9.99
Highland Floatng Rate Opprt Ii Shs Ben Int shs ben int (HFRO) 3.1 $4.4M 350k 12.43
Blackrock Muni Intermediate Drtn Fnd 2.8 $4.0M 283k 14.20
Ishares Tr core div grwth (DGRO) 2.8 $3.9M 93k 42.07
BlackRock MuniHoldings New Jersey Ins Fn (MUJ) 2.5 $3.5M 246k 14.34
Vertical Cap Income Fund shs ben int (CCIF) 2.4 $3.3M 321k 10.42
Aberdeen Asia-Pacific Income Fund 2.3 $3.2M 754k 4.25
Microsoft Corporation (MSFT) 1.9 $2.8M 18k 157.71
Legg Mason Bw Global Income (BWG) 1.9 $2.8M 219k 12.63
Invesco Van Kampen Senior Income Trust (VVR) 1.9 $2.7M 636k 4.29
Nuveen Sht Dur Cr Opp 1.8 $2.5M 168k 15.19
Asa (ASA) 1.7 $2.4M 177k 13.63
THE GDL FUND Closed-End fund (GDL) 1.7 $2.4M 256k 9.30
Morgan Stanley India Investment Fund (IIF) 1.6 $2.3M 114k 19.89
Gabelli mutual funds - (GGZ) 1.6 $2.2M 189k 11.84
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 1.6 $2.2M 184k 12.00
U.S. Bancorp (USB) 1.5 $2.2M 37k 59.29
Apple (AAPL) 1.5 $2.2M 7.4k 293.65
Templeton Emerging Markets Income Fund (TEI) 1.5 $2.2M 217k 10.00
Highland Global mf closed and mf open (HGLB) 1.5 $2.1M 221k 9.34
Eaton Vance Floating-Rate Income Trust (EFT) 1.4 $2.0M 144k 13.72
Salient Midstream & M 1.4 $2.0M 254k 7.79
Boulder Growth & Income Fund (STEW) 1.4 $1.9M 165k 11.79
Kayne Anderson Mdstm Energy 1.2 $1.7M 160k 10.52
Rivernorth Marketplace Lendi (RSF) 1.2 $1.7M 91k 18.33
Ares Dynamic Cr Allocation (ARDC) 1.2 $1.6M 107k 15.35
Voya Natural Res Eq Inc Fund 1.1 $1.6M 391k 4.12
Apollo Sr Floating Rate Fd I (AFT) 1.1 $1.6M 104k 15.22
Invesco Van Kampen High Inc Trust II (VLT) 1.1 $1.5M 107k 14.28
Ascendis Pharma A S (ASND) 1.1 $1.5M 11k 139.14
New Ireland Fund 1.1 $1.5M 150k 9.91
Mexico Equity and Income Fund (MXE) 1.0 $1.4M 120k 11.60
Western Asset High Incm Fd I (HIX) 0.9 $1.2M 180k 6.74
Amazon (AMZN) 0.8 $1.2M 647.00 1848.53
Royce Global Value Tr (RGT) 0.8 $1.2M 102k 11.69
Japan Equity Fund ietf (JEQ) 0.8 $1.2M 149k 7.78
Swiss Helvetia Fund (SWZ) 0.8 $1.1M 136k 8.41
Taiwan Fund (TWN) 0.8 $1.1M 52k 20.59
Thl Cr Sr Ln 0.7 $1.1M 69k 15.17
D Ishares (EEMS) 0.7 $976k 22k 45.25
Tortoise Energy equity 0.7 $961k 221k 4.34
Intel Corporation (INTC) 0.6 $877k 15k 59.88
Nike (NKE) 0.6 $851k 8.4k 101.29
Eagle Cap Growth (GRF) 0.5 $747k 93k 8.02
Lockheed Martin Corporation (LMT) 0.5 $644k 1.7k 389.12
Northrop Grumman Corporation (NOC) 0.4 $614k 1.8k 343.98
Lam Research Corporation 0.4 $591k 2.0k 292.57
Central Securities (CET) 0.4 $554k 17k 33.10
Wave Life Sciences (WVE) 0.4 $551k 69k 8.02
Berkshire Hathaway (BRK.B) 0.4 $522k 2.3k 226.46
Cbre Clarion Global Real Estat re (IGR) 0.4 $508k 63k 8.02
Eagle Grwth & Income Oppty F 0.4 $506k 30k 17.03
Myovant Sciences 0.4 $508k 33k 15.51
Orchard Therapeutics Plc ads 0.4 $509k 37k 13.76
General American Investors (GAM) 0.3 $502k 13k 37.73
Nuveen Nj Div Advantage Mun (NXJ) 0.3 $490k 33k 14.64
Petroleum & Res Corp Com cef (PEO) 0.3 $477k 29k 16.47
WisdomTree Intl. SmallCap Div (DLS) 0.3 $472k 6.6k 71.17
Nuveen Arizona Premium Income Mun (NAZ) 0.3 $461k 34k 13.48
Anthem (ELV) 0.3 $437k 1.4k 302.00
Chevron Corporation (CVX) 0.3 $420k 3.5k 120.41
General Dynamics Corporation (GD) 0.3 $420k 2.4k 176.40
Medifast (MED) 0.3 $409k 3.7k 109.56
Pioneer Municipal High Income Advantage (MAV) 0.3 $407k 38k 10.78
Wal-Mart Stores (WMT) 0.3 $395k 3.3k 118.98
WellCare Health Plans 0.3 $393k 1.2k 330.25
Starbucks Corporation (SBUX) 0.3 $391k 4.4k 87.96
BlackRock Floating Rate Income Trust (BGT) 0.3 $403k 31k 12.87
Arvinas Ord (ARVN) 0.3 $399k 9.7k 41.13
MasterCard Incorporated (MA) 0.3 $384k 1.3k 298.83
Eaton Vance Fltg Rate In 0.3 $375k 24k 15.97
Costco Wholesale Corporation (COST) 0.2 $358k 1.2k 293.92
Home Depot (HD) 0.2 $334k 1.5k 218.59
Humana (HUM) 0.2 $333k 909.00 366.34
First Trust/Four Corners SFRI Fund II (FCT) 0.2 $337k 27k 12.53
Blackrock Res & Commodities Strategy Tr (BCX) 0.2 $335k 41k 8.08
Intuitive Surgical (ISRG) 0.2 $320k 541.00 591.50
Maxim Integrated Products 0.2 $322k 5.2k 61.53
Delaware Inv Mn Mun Inc Fd I 0.2 $312k 24k 13.11
Central Europe and Russia Fund (CEE) 0.2 $299k 11k 28.34
Blackrock Muniyield Ariz 0.2 $261k 19k 13.60
Johnson & Johnson (JNJ) 0.2 $244k 1.7k 146.11
3M Company (MMM) 0.2 $240k 1.4k 176.47
Orbcomm 0.2 $238k 57k 4.21
Neuberger Berman NY Int Mun Common 0.2 $239k 19k 12.49
Solid Biosciences 0.2 $235k 53k 4.44
Vaneck Vectors J.p. Morgan Em Local Currency Bond Etf etf (EMLC) 0.2 $243k 7.1k 34.04
At&t (T) 0.2 $225k 5.8k 39.01
UnitedHealth (UNH) 0.2 $220k 750.00 293.33
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.2 $230k 3.7k 62.16
BlackRock Floating Rate Income Strat. Fn (FRA) 0.2 $231k 17k 13.43
Nuveen Maryland Premium Income Municipal 0.1 $216k 16k 13.41
Delta Air Lines (DAL) 0.1 $205k 3.5k 58.57
Kala Pharmaceuticals 0.1 $201k 55k 3.69
Nuveen Insured Tax-Free Adv Munici (NEA) 0.1 $184k 13k 14.38
Mexico Fund (MXF) 0.1 $181k 13k 13.70
Nuveen Ga Div Adv Mun Fd 2 0.1 $166k 13k 12.59
Aberdeen Chile Fund (AEF) 0.1 $158k 21k 7.61
Nuveen Minn Mun Income (NMS) 0.1 $149k 10k 14.61
Western Asset Intm Muni Fd I (SBI) 0.1 $136k 15k 9.11
Voya Infrastructure Industrial & Materia (IDE) 0.1 $141k 12k 11.48
Eaton Vance Senior Income Trust (EVF) 0.1 $124k 19k 6.39
Bny Mellon High Yield Strate sh ben int (DHF) 0.1 $115k 37k 3.10
Novagold Resources Inc Cad (NG) 0.1 $90k 10k 9.00
Franklin Universal Trust (FT) 0.1 $87k 11k 7.78
Scpharmaceuticals (SCPH) 0.1 $83k 15k 5.65
Energy Fuels (UUUU) 0.0 $37k 19k 1.92
LightPath Technologies (LPTH) 0.0 $25k 35k 0.72