Hedge Fund Database

MATISSE CAPITAL

DESCHUTES PORTFOLIO STRATEGY, LLC Legal Name

Adviser information for MATISSE CAPITAL last updated from Form ADV on March 25th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Liability Company
Fiscal Year End DECEMBER
Legal Location Delaware, United States

Employees

Total Number of Employees 10
Investment Advisory/Research 8
Registered Broker-Dealer Representatives 0
Registered State Investment Advisers 8
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 0

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 699 $658.3M
Non-Discretionary 51 $697.8M
Total 750 $1.4B

Clients

Type Number RAUM
Individuals 231 $101.5M
HNW Individuals 74 $268.6M
Banking or thrift institutions 0 $0
Investment companies 2 $87.5M
Business development companies 0 $0
Pooled investment vehicles 2 $23.3M
Pension and profit sharing plans 42 $687.5M
Charitable organizations 11 $131.3M
State or municipal gov entities <5 $56.2M
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other 0 $0
Type Number
No. of Non-RAUM Clients 4
No. of Non-U.S. Clients 0
No. of Financial Planning Clients 11-25

Services

Advisory Services Financial planningPortfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshops
Compensation % of AUMHourly chargesFixed fees

Identifiers

SEC RIA File Number 801-72004
SEC ERA File Number 801-72004
SEC CIK Numbers 1668256
SEC CRD Numbers 155424
Legal Entity Identifier None

Principal Office

15350 SW SEQUOIA PKWY
SUITE 260
PORTLAND
OR
United States
Monday - Friday, 7:30 AM TO 4 PM
Tel: 503-210-3000, Fax: None

Websites

www.linkedin.com/company/matisse-capital/ www.facebook.com/matissecapital/ www.instagram.com/matissecapital/ www.matissecap.com

Chief Compliance Officer

DENNIS R. MASON
36 W PIKE ST
COVINGTON
KY
United States
Tel: (202) 753-7141
(Full email address available in API data)

Regulatory Contact

DEIRDRE HIGDON
DIRECTOR OF COMPLIANCE & CLIENT OPERATIONS
15350 SW SEQUOIA PKWY
SUITE 260
PORTLAND
OR
United States
Tel: 503-210-3008
Fax: 503-210-3010
(Full email address available in API data)

Industry Affiliates

MCM Sponsor, GP, manager of pooled investment vehicles

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
MATISSE ABSOLUTE RETURN FUND LLC Hedge Fund $0.6M $1.0M 31

Control Persons

Name Type Entity Title Since Ownership
TORKELSON, BRYN Individual – PRESIDENT & CHIEF INVESTMENT OFFICER 09/2010 < 5%
TORKELSON, NIKLAS, HEYSER Individual – MANAGING PARTNER 10/2021 10-25%
THE BRYN H TORKELSON AND JANICE A TORKELSON REVOCABLE LIVING TRUST Domestic Entity – OWNER 10/2021 > 75%
TORKELSON, BRYN Individual THE BRYN H TORKELSON AND JANICE A TORKELSON REVOCABLE LIVING TRUST TRUSTEE 10/2021 > 75%
MASON, DENNIS, RICHARD Individual – CHIEF COMPLIANCE OFFICER 03/2023 < 5%

No. Employees, Historic

105020192020202120222023202420259 on 8/14/20199 on 12/16/201910 on 3/30/202010 on 6/26/20209 on 1/29/20219 on 4/14/20219 on 6/29/20219 on 11/24/202110 on 3/24/202210 on 7/13/202210 on 3/29/202310 on 3/29/202310 on 5/22/202310 on 7/12/202310 on 11/14/202310 on 3/25/2024

RAUM, Historic

2B1B020192020202120222023202420251036273426 on 8/14/20191036273426 on 12/16/20191250413315 on 3/30/20201250413315 on 6/26/20201513849807 on 1/29/20211513849807 on 4/14/20211513849807 on 6/29/20211513849807 on 11/24/20211602501027 on 3/24/20221602501027 on 7/13/20221110540408 on 3/29/20231110540408 on 3/29/20231110540408 on 5/22/20231110540408 on 7/12/20231110540408 on 11/14/20231356007202 on 3/25/2024

No. Clients, Historic

40020002019202020212022202320242025360 on 8/14/2019360 on 12/16/2019355 on 3/30/2020355 on 6/26/2020361 on 1/29/2021361 on 4/14/2021361 on 6/29/2021361 on 11/24/2021369 on 3/24/2022369 on 7/13/2022364 on 3/29/2023364 on 3/29/2023364 on 5/22/2023364 on 7/12/2023364 on 11/14/2023362 on 3/25/2024

Holdings

From latest 13F, filed July 30th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
HERZFELD CARIBBEAN BASIN FD COM 1M 561K –
HERZFELD CARIBBEAN BASIN FD COM 1M 426K 1
NEXPOINT DIVERSIFIED REL ET COM NEW 2M 310K –
NEXPOINT DIVERSIFIED REL ET COM NEW 1M 195K 1
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 2M 313K –
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 1M 190K 1
HIGHLAND OPPORTUNITIES HIGHLAND INCOME 2M 270K –
HIGHLAND OPPORTUNITIES HIGHLAND INCOME 1M 165K 1
HIGHLAND GLOBAL ALLOCATION F COM 2M 222K –
HIGHLAND GLOBAL ALLOCATION F COM 1M 140K 1
JAPAN SMALLER CAPITALIZATION COM 868K 114K –
JAPAN SMALLER CAPITALIZATION COM 1M 132K 1
DESTRA MULTI-ALTERNATIVE FD COMMON SHARES 2M 268K –
DESTRA MULTI-ALTERNATIVE FD COMMON SHARES 1M 127K 1
ABRDN EMRG MKTS EQTY INCM FD COM 557K 105K 1
MEXICO EQUITY & INCOME FD COM 1M 132K –
MEXICO EQUITY & INCOME FD COM 998K 104K 1
ECOFIN SUSTAINABLE AND SOCIA COM SH BEN INT 2M 140K –
ECOFIN SUSTAINABLE AND SOCIA COM SH BEN INT 1M 87K 1
BNY MELLON MUN BD INFRASTRUC COM SHS 3M 285K –
BNY MELLON MUN BD INFRASTRUC COM SHS 914K 86K 1
MORGAN STANLEY CHINA A SH FD COM 1M 100K –
MORGAN STANLEY CHINA A SH FD COM 999K 85K 1
SRH TOTAL RETURN FUND INC COM 2M 110K –
SRH TOTAL RETURN FUND INC COM 1M 70K 1
MEXICO FD INC COM 1M 90K –
MEXICO FD INC COM 1M 63K 1
ABRDN JAPAN EQUITY FUND INC COM 340K 58K 1
NEW GERMANY FD INC COM 252K 31K –
NEW GERMANY FD INC COM 360K 44K 1
SEVEN HILLS REALTY TRUST COM 1M 102K –
SEVEN HILLS REALTY TRUST COM 507K 40K 1
BLACKROCK SCIENCE & TECHNOLO SHS BEN INT 1M 61K –
BLACKROCK SCIENCE & TECHNOLO SHS BEN INT 750K 38K 1
FIRST TR HIGH INCOME LONG / COM 419K 34K 1
MORGAN STANLEY INDIA INVT FD COM 206K 8K –
MORGAN STANLEY INDIA INVT FD COM 809K 30K 1
TORTOISE ENERGY INFRA CORP COM 2M 50K –
TORTOISE ENERGY INFRA CORP COM 1M 30K 1
TAIWAN FD INC COM 2M 45K –
TAIWAN FD INC COM 1M 24K 1
GABELLI HLTHCARE & WELLNESS SHS 748K 78K –
GABELLI HLTHCARE & WELLNESS SHS 222K 23K 1
SPECIAL OPPORTUNITIES FD INC COM 298K 23K 1
EAGLE CAP GROWTH FD INC COM 242K 26K –
EAGLE CAP GROWTH FD INC COM 209K 23K 1
PIMCO CALIF MUN INCOME FD II COM 2M 308K –
PIMCO CALIF MUN INCOME FD II COM 123K 21K 1
CLOUGH GLOBAL EQUITY FD COM 373K 53K –
CLOUGH GLOBAL EQUITY FD COM 140K 20K 1
CENTRAL SECS CORP COM 2M 40K –
CENTRAL SECS CORP COM 880K 20K 1
EUROPEAN EQUITY FD INC COM 195K 22K –
EUROPEAN EQUITY FD INC COM 147K 16K 1
ELLSWORTH GROWTH & INCOME FD COM 99K 12K –
ELLSWORTH GROWTH & INCOME FD COM 117K 14K 1
CLOUGH GLOBAL DIVID & INCOME COM 2M 271K –
CLOUGH GLOBAL DIVID & INCOME COM 46K 8K 1
ALLSPRING GLOBAL DIVIDEND OP COM 101K 21K –
ALLSPRING GLOBAL DIVIDEND OP COM 33K 7K 1
TORTOISE MIDSTRM ENERGY FD I COM 167K 4K –
TORTOISE MIDSTRM ENERGY FD I COM 119K 3K 1
ABRDN NATL MUN INCOME FD SH BEN INT 2M 177K –
ABRDN NATL MUN INCOME FD SH BEN INT 528 50 1
BLACKROCK VA MUN BD TR COM 455K 41K –
PIMCO NEW YORK MUN INCOME FD COM 826K 140K –
NUVEEN MISSOURI QLT MUN INC COM 361K 35K –
FLAHERTY & CRUMRINE PFD INCO COM 2M 178K –
NUVEEN ARIZONA QLTY MUN INC COM 2M 149K –
PIMCO NEW YORK MUN FD II COM 952K 129K –
MFS HIGH YIELD MUN TR SH BEN INT 981K 286K –
FLAHERTY & CRUMRINE PFD INCO COM 1M 140K –
MFS INVT GRADE MUN TR SH BEN INT 687K 87K –
PIMCO NEW YORK MUN INCOME FD COM 651K 83K –
FLAHERTY & CRUMRINE TOTAL RE COM 1M 95K –
BRANDYWINEGBL GBL INCM OPP F COM 1M 150K –
RIVERNORTH DOUBLELINE STRATE COM 2M 195K –
NUVEEN VIRGINIA QLTY MUNCPL COM 2M 150K –
NUVEEN MASSACHUSETS QLT MUN COM 807K 73K –
VIRTUS GLOBAL MULTI-SECTOR I COM 583K 77K –
MATTHEWS ASIA FDS EMER MKTS EQUITY 358K 12K –
MATTHEWS ASIA FDS ASIA INNOV ACTIV 444K 16K –
MORGAN STANLEY EMERGING MKTS COM 2M 361K –
FRANKLIN LTD DURATION INCOME COM 1M 219K –
FIRST TR ABRDN GBL OPP INCM COM SHS 342K 54K –
CENTRAL & EASTERN EUROPE FD COM 362K 34K –
TEMPLETON EMERGING MKTS INCO COM 1M 221K –
NEUBERGER BERMAN MUN FD INC COM 1M 136K –
NUVEEN CORE PLUS IMPACT FUND COM BEN INT 1M 130K –
BNY MELLON STRATEGIC MUNS IN COM 2M 273K –
PGIM SHORT DUR HIG YLD OPP F COM 2M 98K –
NUVEEN MINN QUALITY MUN INM SHS 255K 22K –
BLACKROCK MUNIYIELD MICH QU COM 1M 111K –
WESTERN AST INFL LKD OPP & I COM 2M 200K –
NUVEEN VRIABL RAT PFD & INM COM 1M 72K –
BLACKROCK N Y MUN INCOME TRU SH BEN INT 749K 70K –
MFS HIGH INCOME MUN TR SH BEN INT 271K 73K –
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 1M 115K –
BLACKROCK MUNIHLDGS NJ QLTY COM 1M 101K –
NEUBERGER BERMAN NEXT GENERA COMMON STOCK 2M 140K –
WESTERN ASST INFLTN LKD INM COM SH BEN INT 327K 41K –
NEW AMER HIGH INCOME FD INC COM NEW 284K 39K –
DIMENSIONAL ETF TRUST EMERGING MKTS VA 1M 40K –
ABRDN ASIA PACIFIC INCOME FU COM 753K 281K –
WESTERN ASSET EMERGING MKTS COM 572K 61K –
INVESCO QUALITY MUN INCOME T COM 516K 52K –
NUVEEN PENNSYLVANIA QLT MUN COM 423K 35K –
BLACKROCK INNOVATION AND GRW SHS BEN INT 1M 190K –
BLACKROCK MUNIHLDNGS CALI QL COM 872K 79K –
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 1M 50K –
BNY MELLON STRATEGIC MUN BD COM 194K 33K –
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 1M 120K –
DIMENSIONAL ETF TRUST INTL SMALL CAP V 1M 44K –
ASCENDIS PHARMA A/S SPONSORED ADR 5M 35K –
FRANKLIN TEMPLETON ETF TR INTL AGGREGTE BD 314K 16K –
WESTERN ASSET MANAGED MUNS F COM 307K 30K –
NUVEEN AMT FREE MUN CR INC F COM 1M 110K –
VERONA PHARMA PLC SPONSORED ADS 497K 34K –
A-MARK PRECIOUS METALS INC COM 291K 9K –
ISHARES TR CORE DIV GRWTH 8M 131K –
WISDOMTREE TR EMG MKTS SMCAP 592K 12K –
INVESCO ADVANTAGE MUN INCOME SH BEN INT 98K 11K –
GENERAL AMERN INVS CO INC COM 264K 5K –
VANECK ETF TRUST JP MRGAN EM LOC 592K 25K –
J P MORGAN EXCHANGE TRADED F INCOME ETF 305K 7K –
SPROUTS FMRS MKT INC COM 2M 18K –
VANGUARD BD INDEX FDS INTERMED TERM 3M 34K –
WAVE LIFE SCIENCES LTD SHS 70K 14K –
ENERGY FUELS INC COM NEW 100K 17K –
POLARIS INC COM 435K 6K –
VANGUARD INDEX FDS SML CP GRW ETF 2M 7K –
DIMENSIONAL ETF TRUST SHORT DURATION F 306K 7K –
AECOM COM 1M 13K –
TRANSMEDICS GROUP INC COM 452K 3K –
ISHARES TR JPMORGAN USD EMG 1M 14K –
SOFI TECHNOLOGIES INC COM 575K 87K –
LINCOLN NATL CORP IND COM 420K 14K –
VANGUARD WORLD FD FINANCIALS ETF 586K 6K –
DIMENSIONAL ETF TRUST EMGR CRE EQT MNG 255K 10K –
NUVEEN QUALITY MUNCP INCOME COM 160K 14K –
DIMENSIONAL ETF TRUST CORE FIXED INCOM 299K 7K –
ISHARES TR MSCI EMG MKT ETF 985K 23K –
VANGUARD INDEX FDS SM CP VAL ETF 1M 7K –
ISHARES TR CORE MSCI INTL 603K 9K –
NETAPP INC COM 1M 9K –
STERIS PLC SHS USD 746K 3K –
TRACTOR SUPPLY CO COM 988K 4K –
DIMENSIONAL ETF TRUST INTERNATNAL VAL 252K 7K –
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 275K 2K –
NOVAGOLD RES INC COM NEW 35K 10K –
LAM RESEARCH CORP COM 4M 4K –
NUTRIEN LTD COM 522K 10K –
SCHWAB STRATEGIC TR US LCAP VA ETF 210K 3K –
JOHNSON CTLS INTL PLC SHS 645K 10K –
BIOGEN INC COM 486K 2K –
EATON CORP PLC SHS 2M 5K –
FEDEX CORP COM 852K 3K –
ELEVANCE HEALTH INC COM 1M 3K –
DIMENSIONAL ETF TRUST US CORE EQUITY 2 301K 9K –
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 309K 4K –
US BANCORP DEL COM NEW 528K 13K –
NIKE INC CL B 699K 9K –
STARBUCKS CORP COM 648K 8K –
BOEING CO COM 813K 4K –
ANALOG DEVICES INC COM 780K 3K –
SCHWAB CHARLES CORP COM 895K 12K –
CVS HEALTH CORP COM 496K 8K –
BLACKROCK INC COM 738K 937 –
ISHARES TR RUS 1000 VAL ETF 350K 2K –
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 233K 2K –
LOWES COS INC COM 727K 3K –
FISERV INC COM 484K 3K –
LOCKHEED MARTIN CORP COM 552K 1K –
DEERE & CO COM 479K 1K –
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 601K 12K –
CROWDSTRIKE HLDGS INC CL A 383K 1K –
QUALCOMM INC COM 945K 5K –
GENERAL DYNAMICS CORP COM 332K 1K –
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 311K 7K –
UNION PAC CORP COM 518K 2K –
VANGUARD INDEX FDS SMALL CP ETF 201K 923 –
ILLINOIS TOOL WKS INC COM 237K 1K –
COSTCO WHSL CORP NEW COM 1M 1K –
ISHARES TR RUS 1000 GRW ETF 278K 764 –
ALPHABET INC CAP STK CL A 3M 17K –
APPLE INC COM 9M 43K –
INTEL CORP COM 346K 11K –
VISA INC COM CL A 1M 4K –
MICROSOFT CORP COM 8M 18K –
EXXON MOBIL CORP COM 1M 10K –
VANGUARD INDEX FDS GROWTH ETF 301K 804 –
CISCO SYS INC COM 392K 8K –
HOME DEPOT INC COM 596K 2K –
JPMORGAN CHASE & CO. COM 927K 5K –
META PLATFORMS INC CL A 2M 3K –
WALMART INC COM 814K 12K –
AMAZON COM INC COM 3M 15K –
MASTERCARD INCORPORATED CL A 586K 1K –
BERKSHIRE HATHAWAY INC DEL CL B NEW 667K 2K –
CHEVRON CORP NEW COM 339K 2K –
UNITEDHEALTH GROUP INC COM 474K 930 –
INVESCO QQQ TR UNIT SER 1 287K 599 –
VANGUARD INDEX FDS S&P 500 ETF SHS 383K 766 –
JOHNSON & JOHNSON COM 273K 2K –
PROCTER AND GAMBLE CO COM 276K 2K –
SPDR S&P 500 ETF TR TR UNIT 386K 708 –
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 612K 4K –
VANGUARD INDEX FDS TOTAL STK MKT 266K 995 –
ISHARES TR CORE S&P500 ETF 316K 577 –
ASML HOLDING N V N Y REGISTRY SHS 219K 214 –
NVIDIA CORPORATION COM 893K 7K –