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AC
Almitas Capital Portfolio holdings
AUM
$417M
Turnover
37.33%
1-Year Est. Return
22.81%
This Fund
S&P 500
This Quarter
Est. Return
+10.57%
1 Year Est. Return
+22.81%
3 Year Est. Return
+86.09%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$140M
AUM Growth
-$8.43M
(-5.7%)
Cap. Flow
-$22M
Cap. Flow
% of AUM
-15.73%
Top 10 Holdings %
Top 10 Hldgs %
58.08%
Holding
97
New
12
Increased
24
Reduced
17
Closed
37
Avg Time Held
0.2
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ready Capital
RC
|
+$10.2M |
| 2 |
BlackRock Debt Strategies Fund
DSU
|
+$3.28M |
| 3 |
BrandywineGLOBAL Global Income Opportunities Fund
BWG
|
+$2.53M |
| 4 |
BlackRock CA Municipal Income Trust
BFZ
|
+$2.32M |
| 5 |
SFE
Safeguard Scientifics, Inc.
SFE
|
+$1.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ORM
Owens Realty Mortgage, Inc.
ORM
|
+$8.42M |
| 2 |
MFA Financial
MFA
|
+$4.42M |
| 3 |
BGIO
BlackRock 2022 Global Income Opportunity Trust
BGIO
|
+$3.42M |
| 4 |
SiriusPoint
SPNT
|
+$3.27M |
| 5 |
Western Asset Emerging Markets Debt Fund
EMD
|
+$2.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 47.24% |
| 2 | Real Estate | 30.26% |
| 3 | Financials | 19.29% |
| 4 | Consumer Staples | 3.01% |
| 5 | Energy | 0.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
RESI
26
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.68M | 1.2% |
180,982
+60,982
| +51% | +$636K |
2018 Q4
1 quarter
|
|
27
iShares MBS ETF
MBB
$35.9B
| $1.42M | 1.01% |
+13,300
| New | +$1.4M |
2019 Q1
0 quarters
|
|
28
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
| $1.31M | 0.94% |
100,270
+60,266
| +151% | +$770K |
2018 Q4
1 quarter
|
|
|
LFT
29
Lument Finance Trust
LFT
$23M
| $1.3M | 0.93% |
37,322
-3,011
| -7% | -$102K |
2018 Q4
1 quarter
|
|
|
MNE
30
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
| $1.09M | 0.78% |
80,009
-47,578
| -37% | -$624K |
2018 Q4
1 quarter
|
|
|
FCT
31
DELISTED
First Trust Senior Floating Rate Income Fund II
FCT
| $1.02M | 0.73% |
86,079
+41,102
| +91% | +$488K |
2018 Q4
1 quarter
|
|
|
EVM
32
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
| $982K | 0.7% |
93,069
+47,098
| +102% | +$490K |
2018 Q4
1 quarter
|
|
|
SMM
33
DELISTED
Salient Midstream & MLP Fund
SMM
| $916K | 0.65% |
99,660
-16,494
| -14% | -$147K |
2018 Q4
1 quarter
|
|
|
EFF
34
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
| $832K | 0.59% |
+56,170
| New | +$837K |
2019 Q1
0 quarters
|
|
|
MCA
35
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
| $795K | 0.57% |
59,051
+12,568
| +27% | +$166K |
2018 Q4
1 quarter
|
|
36
Mexico Fund
MXF
$294M
| $744K | 0.53% |
53,741
+1,500
| +3% | +$21.3K |
2018 Q4
1 quarter
|
|
37
General American Investors Company
GAM
$1.54B
| $733K | 0.52% |
22,008
+5,400
| +33% | +$171K |
2018 Q4
1 quarter
|
|
38
abrdn Emerging Markets Equity Income Fund
AEF
$349M
| $666K | 0.48% |
91,632
-45
| -0% | -$318 |
2018 Q4
1 quarter
|
|
|
BQH
39
DELISTED
BlackRock New York Municipal Bond Trust
BQH
| $638K | 0.46% |
45,088
-23,267
| -34% | -$314K |
2018 Q4
1 quarter
|
|
40
Western Asset Global High Income Fund
EHI
$163M
| $631K | 0.45% |
67,197
-75,401
| -53% | -$696K |
2018 Q4
1 quarter
|
|
41
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.01B
| $618K | 0.44% |
+12,860
| New | +$604K |
2019 Q1
0 quarters
|
|
|
ANH
42
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $461K | 0.33% |
+114,058
| New | +$491K |
2019 Q1
0 quarters
|
|
43
Mexico Equity and Income Fund
MXE
$57.2M
| $401K | 0.29% |
37,722
-19,978
| -35% | -$215K |
2018 Q4
1 quarter
|
|
|
EVY
44
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
| $398K | 0.28% |
+32,245
| New | +$387K |
2019 Q1
0 quarters
|
|
|
BSE
45
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
| $361K | 0.26% |
+28,223
| New | +$354K |
2019 Q1
0 quarters
|
|
46
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
| $318K | 0.23% |
+24,636
| New | +$308K |
2019 Q1
0 quarters
|
|
|
DNI
47
DELISTED
Dividend and Income Fund
DNI
| $293K | 0.21% |
25,786
| – | – |
2018 Q4
1 quarter
|
|
48
Enterprise Products Partners
EPD
$78.6B
| $291K | 0.21% |
10,000
| – | – |
2018 Q4
1 quarter
|
|
|
OHAI
49
DELISTED
OHA Investment Corporation
OHAI
| $290K | 0.21% |
241,561
-63,110
| -21% | -$75.5K |
2018 Q4
1 quarter
|
|
50
Citigroup
C
$207B
| $280K | 0.2% |
4,500
| – | – |
2018 Q4
1 quarter
|
|
Similar funds
CWA
SCM
EWM
RA
CIM
MWM
VA
CWM
Almitas Capital's Q1 2019 Portfolio in Review
As of Q1 2019, Almitas Capital held 97 positions worth $140M, down 5.7% from $148M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Almitas Capital withdrew a net $22M in Q1 2019, closing 37 positions and reducing 17 holdings. Its most notable exit was Owens Realty Mortgage, Inc., an estimated $8.42M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 47% of assets, down from 49% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Almitas Capital opened a new position in Ready Capital worth $9.79M.
- Almitas Capital's largest Q1 2019 buy was Ready Capital: 667,357 shares worth $9.79M.
- Almitas Capital added most to BlackRock Debt Strategies Fund in Q1 2019, an estimated $3.28M increase.
- Almitas Capital's biggest Q1 2019 reduction was MFA Financial, cutting an estimated $4.42M.
- Almitas Capital fully exited Owens Realty Mortgage, Inc. in Q1 2019, selling an estimated $8.42M.
- Almitas Capital's ten largest holdings make up 58% of its $140M portfolio in Q1 2019.
- Almitas Capital opened 12 new positions and closed 37 in Q1 2019.
- Almitas Capital's portfolio value fell 5.7% quarter-over-quarter to $140M.
Based on Almitas Capital's 13F filing for Q1 2019, filed 14 May 2019.