Matisse Capital

Q4 2025 13F-HR Holdings

Location
Portland, OR
Holdings as of
12/31/2025
Date filed
1/29/2026
Form type
13F-HR
Num holdings
167
Total value ($000)
$224,372
Net value change ($000)
+2,193 (1.0%)
New positions
17
Sold out positions
15
Turnover %
14.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/29/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FSCO 5,657 NEW
BPRE 3,372 NEW
XFLT 3,025 217.5%
GOOGL 1,833 NEW
VVR 1,599 NEW
JQC 855 NEW
ASND 650 12.6%
WAVE LIFE SCIENCES LTD 620 639.2%
RGT 619 19.4%
KF 472 18.8%
Top Reduces (Value $000, Stocks/ETFs)
China Fund, Inc. -4,486 -100.0%
DMB -2,983 -100.0%
XTEAX -2,670 -100.0%
PMO -1,719 -100.0%
MUJ -1,167 -100.0%
LEO -957 -56.1%
MSFT -812 -10.6%
EMF -739 -100.0%
SCHW -703 -76.5%
BA -694 -74.3%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 632 (0.3% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type