Matisse Capital
Long book
$233.6M
Q1 2026
Positions
163
Top-10 weight
27%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsMatisse Capital is an institutional manager, running a $233.6M US long book across 163 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, ISHARES CORE DIVIDEND GROWTH, PIMCO CALIFORNIA MUNI INC FD, The Bank of New York Mellon Corporation, XAI FLTNG RTE&ALT INC TRS-UI.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+5.9%
Q3 2024
-1.1%
Q4 2024
-1.1%
Q1 2025
+8.6%
Q2 2025
+7.5%
Q3 2025
+2.2%
Q4 2025
-0.6%
Q1 2026
+11.8%
Sector allocation
Technology 41%
Industrials 21%
Consumer discretionary 13%
Financials 8%
Healthcare 5%
Services media 4%
Other 3%
Energy 3%
Long book by quarter
What does Matisse Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 36.0K | $9.1M | 3.9% | -1.9% |
| MSFT MICROSOFT CORP | Technology | 14.4K | $5.3M | 2.3% | +1.2% |
| LRCX LAM RESEARCH CORP | Industrials | 19.1K | $4.1M | 1.7% | +2.1% |
| GOOGL ALPHABET INC-CL A | Technology | 13.0K | $3.7M | 1.6% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.3K | $2.4M | 1.0% | +0.4% |
| GEV GE VERNOVA INC | Industrials | 2.6K | $2.3M | 1.0% | +78.6% |
| META META PLATFORMS INC-CLASS A | Technology | 3.1K | $1.8M | 0.8% | Held |
| XOM EXXON MOBIL CORP | Energy | 10.5K | $1.8M | 0.8% | 0.0% |
| GOOG ALPHABET INC-CL C | Technology | 6.1K | $1.8M | 0.8% | +5.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.5K | $1.7M | 0.7% | +12.6% |
| NVDA NVIDIA CORP | Technology | 8.7K | $1.5M | 0.7% | -0.1% |
| JPM JPMORGAN CHASE & CO | Financials | 4.8K | $1.4M | 0.6% | -2.1% |
| ETN EATON CORP PLC | Industrials | 4.0K | $1.4M | 0.6% | Held |
| WMT WALMART INC | Consumer discretionary | 10.6K | $1.3M | 0.6% | -0.1% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 9.7K | $1.3M | 0.5% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.3K | $1.3M | 0.5% | -2.0% |
| SFM SPROUTS FARMERS MARKET INC | Consumer discretionary | 16.1K | $1.2M | 0.5% | -28.4% |
| V VISA INC-CLASS A SHARES | Services media | 3.6K | $1.1M | 0.5% | -0.1% |
| ADI ANALOG DEVICES INC | Technology | 3.4K | $1.1M | 0.5% | Held |
| ACM AECOM | Services media | 12.6K | $1.1M | 0.5% | Held |
| FDX FEDEX CORP | Industrials | 2.8K | $997K | 0.4% | Held |
| NKE NIKE INC -CL B | Other | 18.7K | $986K | 0.4% | +6.3% |
| BLK BLACKROCK INC | Financials | 940 | $904K | 0.4% | Held |
| NTAP NETAPP INC | Technology | 8.7K | $891K | 0.4% | Held |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 18.3K | $830K | 0.4% | Held |
| NTR NUTRIEN LTD | Other | 10.3K | $774K | 0.3% | Held |
| STE STERIS PLC | Healthcare | 3.4K | $751K | 0.3% | Held |
| SOFI SOFI TECHNOLOGIES INC | Financials | 46.2K | $734K | 0.3% | New |
| LOW LOWE'S COS INC | Consumer discretionary | 3.1K | $733K | 0.3% | Held |
| DE DEERE & CO | Industrials | 1.3K | $720K | 0.3% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.1K | $688K | 0.3% | Held |
| MA MASTERCARD INC - A | Services media | 1.3K | $673K | 0.3% | -0.4% |
| VST VISTRA CORP | Utilities | 4.0K | $609K | 0.3% | New |
| QCOM QUALCOMM INC | Technology | 4.7K | $609K | 0.3% | Held |
| UNP UNION PACIFIC CORP | Industrials | 2.3K | $557K | 0.2% | Held |
| SPRY ARS PHARMACEUTICALS INC | Healthcare | 67.2K | $540K | 0.2% | +21.0% |
| CVX CHEVRON CORP | Energy | 2.6K | $529K | 0.2% | -0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 1.6K | $527K | 0.2% | -0.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 190 | $234.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 195 | $224.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 196 | $222.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 198 | $211.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 196 | $189.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 197 | $196.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 204 | $205.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 211 | $202.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 223 | $207.9M | canonical | SEC ↗ |
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