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Almitas Capital Portfolio holdings

AUM $443M
1-Year Est. Return 42.36%
This Fund
S&P 500
This Quarter Est. Return
+1.74%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$96.3M
AUM Growth
-$43.7M
Cap. Flow
-$48M
Cap. Flow %
-49.79%
Top 10 Hldgs %
58.62%
Holding
70
New
10
Increased
9
Reduced
18
Closed
15

Top Buys

Rank Stock Value
1
TWO
Two Harbors Investment
TWO
+$4.38M
2
SFE
Safeguard Scientifics, Inc.
SFE
+$2.81M
3
EARN
Ellington Residential Mortgage REIT
EARN
+$2.38M
4
HFRO
Highland Opportunities and Income Fund
HFRO
+$2.26M
5
RPT
Rithm Property Trust
RPT
+$1.35M

Top Sells

Rank Stock Value
1
EFC
Ellington Financial
EFC
+$15.9M
2
MUC icon
BlackRock MuniHoldings California Quality Fund
MUC
+$8.6M
3
RC
Ready Capital
RC
+$7.26M
4
DSU icon
BlackRock Debt Strategies Fund
DSU
+$6.93M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$3.71M

Sector Composition

Rank Sector Weight
1 Financials 26.49%
2 Real Estate 22.54%
3 Consumer Staples 4.95%
4 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EFC
26
Ellington Financial
EFC
$1.68B
$970K 1.01%
53,957
-883,555
-94% -$15.9M
NIQ
27
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$943K 0.98%
70,824
-29,446
-29% -$387K
SMM
28
DELISTED
Salient Midstream & MLP Fund
SMM
$856K 0.89%
99,660
– –
GAM
29
General American Investors Company
GAM
$1.54B
$781K 0.81%
22,008
– –
PHD
30
DELISTED
Pioneer Floating Rate Fund
PHD
$694K 0.72%
64,962
-102,800
-61% -$1.09M
CEV
31
Eaton Vance California Municipal Income Trust
CEV
$71.7M
$689K 0.72%
55,618
-114,470
-67% -$1.4M
EHI
32
Western Asset Global High Income Fund
EHI
$175M
$667K 0.69%
67,197
– –
EMO
33
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.06B
$592K 0.61%
12,860
– –
BQH
34
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$540K 0.56%
36,536
-8,552
-19% -$124K
RESI
35
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$525K 0.55%
42,937
-138,045
-76% -$1.49M
GLRE icon
36
Greenlight Captial
GLRE
$563M
$467K 0.48%
+55,000
New +$566K
FT
37
Franklin Universal Trust
FT
$201M
$431K 0.45%
58,827
-269,928
-82% -$1.9M
MXE
38
Mexico Equity and Income Fund
MXE
$57.6M
$419K 0.43%
37,722
– –
BGT icon
39
BlackRock Floating Rate Income Trust
BGT
$322M
$358K 0.37%
+28,792
New +$358K
AEF
40
abrdn Emerging Markets Equity Income Fund
AEF
$348M
$329K 0.34%
45,037
-46,595
-51% -$340K
C icon
41
Citigroup
C
$222B
$315K 0.33%
4,500
– –
IIF
42
Morgan Stanley India Investment Fund
IIF
$210M
$311K 0.32%
+14,846
New +$308K
EPD icon
43
Enterprise Products Partners
EPD
$83.8B
$289K 0.3%
10,000
– –
OHAI
44
DELISTED
OHA Investment Corporation
OHAI
$265K 0.28%
241,561
– –
EFF
45
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$254K 0.26%
16,964
-39,206
-70% -$592K
VMM
46
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$216K 0.22%
+16,760
New +$214K
WMC
47
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$211K 0.22%
+2,111
New +$214K
TDF
48
Templeton Dragon Fund
TDF
$268M
$210K 0.22%
+10,925
New +$213K
AMLP icon
49
Alerian MLP ETF
AMLP
$13B
$197K 0.2%
3,992
– –
JEQ
50
DELISTED
abrdn Japan Equity Fund
JEQ
$194K 0.2%
27,700
– –
1
2
3

Similar funds

HBT
Heartland Bank & Trust Bloomington, Illinois $442M AUM 28.29% 1-Year Est. Return
EFMC
Empire Financial Management Company New York $442M AUM 24.42% 1-Year Est. Return
BFA
Beacon Financial Advisory Cleveland, Ohio $443M AUM 17.02% 1-Year Est. Return
GWM
GSB Wealth Management Guilford, Connecticut $443M AUM 17.59% 1-Year Est. Return
CP
Cornerstone Planning Charlotte, North Carolina $443M AUM
CMP
Coston McIsaac & Partners Bar Harbor, Maine $443M AUM 6.68% 1-Year Est. Return
PLU
Performa Ltd (US) Charleston, South Carolina $442M AUM 13.84% 1-Year Est. Return
TC
TownSquare Capital Provo, Utah $444M AUM 24.03% 1-Year Est. Return

Almitas Capital's Q2 2019 Portfolio in Review

As of Q2 2019, Almitas Capital held 70 positions worth $96.3M, down 31% from $140M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Almitas Capital withdrew a net $48M in Q2 2019, closing 15 positions and reducing 18 holdings. Its most notable exit was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $3.71M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 14% a quarter earlier, followed by Real Estate and Consumer Staples.

Against the trend, Almitas Capital opened a new position in Two Harbors Investment worth $4.22M.

  • Almitas Capital's largest Q2 2019 buy was Two Harbors Investment: 83,313 shares worth $4.22M.
  • Almitas Capital added most to Safeguard Scientifics, Inc. in Q2 2019, an estimated $2.81M increase.
  • Almitas Capital's biggest Q2 2019 reduction was Ellington Financial, cutting an estimated $15.9M.
  • Almitas Capital fully exited FIRST TRUST HIGH INCOME LONG/SHORT FUND in Q2 2019, selling an estimated $3.71M.
  • Almitas Capital's ten largest holdings make up 59% of its $96.3M portfolio in Q2 2019.
  • Almitas Capital opened 10 new positions and closed 15 in Q2 2019.
  • Almitas Capital's portfolio value fell 31% quarter-over-quarter to $96.3M.

Based on Almitas Capital's 13F filing for Q2 2019, filed 14 Aug 2019.