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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
+2.97%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$115M
AUM Growth
+$21.3M
Cap. Flow
+$20M
Cap. Flow %
17.41%
Top 10 Hldgs %
52.85%
Holding
72
New
26
Increased
14
Reduced
12
Closed
7

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$8.41M
2
HGLB
Highland Global Allocation Fund
HGLB
+$4.1M
3
MITT
TPG Mortgage Investment Trust
MITT
+$3.84M
4
CCIF
Carlyle Credit Income Fund
CCIF
+$3.48M
5
GARS
Garrison Capital Inc.
GARS
+$2.54M

Top Sells

Rank Stock Value
1
ARR
Armour Residential REIT
ARR
+$12.2M
2
DX
Dynex Capital
DX
+$4.64M
3
NNC
Nuveen North Carolina Quality Municipal Income Fund
NNC
+$1.32M
4
VMM
Delaware Investments Minnesota Municipal Income Fund II
VMM
+$916K
5
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$774K

Sector Composition

Rank Sector Weight
1 Real Estate 24.27%
2 Financials 22.94%
3 Consumer Staples 5.04%
4 Energy 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASA
26
ASA Gold and Precious Metals
ASA
$948M
$1.23M 1.07%
+89,914
New +$1.12M
LFT
27
Lument Finance Trust
LFT
$41.9M
$1.06M 0.92%
327,031
– –
VVR icon
28
Invesco Senior Income Trust
VVR
$456M
$1.01M 0.88%
+234,414
New +$978K
ARR
29
Armour Residential REIT
ARR
$2.02B
$963K 0.84%
10,779
-142,970
-93% -$12.2M
GBDC icon
30
Golub Capital BDC
GBDC
$3.33B
$963K 0.84%
+53,261
New +$940K
SPNT icon
31
SiriusPoint
SPNT
$2.98B
$954K 0.83%
+90,684
New +$881K
JQC icon
32
Nuveen Credit Strategies Income Fund
JQC
$702M
$929K 0.81%
+121,060
New +$899K
PHD
33
DELISTED
Pioneer Floating Rate Fund
PHD
$802K 0.7%
+73,121
New +$772K
SABA
34
Saba Capital Income & Opportunities Fund II
SABA
$220M
$798K 0.7%
+65,086
New +$785K
AAIC
35
DELISTED
Arlington Asset Investment Corp.
AAIC
$794K 0.69%
+142,632
New +$812K
FCT
36
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$779K 0.68%
62,451
-19,466
-24% -$235K
SMM
37
DELISTED
Salient Midstream & MLP Fund
SMM
$776K 0.68%
99,660
– –
MNE
38
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
$752K 0.66%
49,112
-13,816
-22% -$200K
EMO
39
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.06B
$751K 0.65%
17,860
+5,000
+39% +$204K
EFF
40
DELISTED
EATON VANCE FLOATING-RATE INCOME PLUS FUND
EFF
$737K 0.64%
46,046
– –
GDV icon
41
Gabelli Dividend & Income Trust
GDV
$2.6B
$702K 0.61%
+31,964
New +$670K
IIF
42
Morgan Stanley India Investment Fund
IIF
$210M
$702K 0.61%
35,270
+20,424
+138% +$396K
ABDC
43
DELISTED
Alcentra Capital Corp
ABDC
$702K 0.61%
77,561
+15,031
+24% +$135K
HIO
44
Western Asset High Income Opportunity Fund
HIO
$335M
$690K 0.6%
+136,148
New +$683K
MXE
45
Mexico Equity and Income Fund
MXE
$57.6M
$637K 0.56%
54,950
+16,828
+44% +$185K
BQH
46
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$552K 0.48%
36,536
– –
IRR
47
DELISTED
VOYA NATURAL RESOURCES EQUITY INCOME FUND
IRR
$515K 0.45%
+125,069
New +$481K
CHMI
48
Cherry Hill Mortgage Investment Corp
CHMI
$83M
$407K 0.35%
27,868
-9,182
-25% -$128K
C icon
49
Citigroup
C
$222B
$360K 0.31%
4,500
– –
IDE
50
Voya Infrastructure, Industrials and Materials Fund
IDE
$204M
$283K 0.25%
+24,580
New +$278K
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 Q4 2019 Portfolio in Review

As of Q4 2019, Almitas Capital held 72 positions worth $115M, up 23% from $93.5M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Almitas Capital deployed $20M of net new capital in Q4 2019, opening 26 new positions and adding to 14 existing holdings. Its largest new stake was Annaly Capital Management: 230,689 shares worth $8.69M.

By sector, the portfolio is most concentrated in Real Estate at 24% of assets, down from 33% a quarter earlier, followed by Financials and Consumer Staples.

On the sell side, the largest reduction was Armour Residential REIT, an estimated $12.2M trimmed.

  • Almitas Capital's largest Q4 2019 buy was Annaly Capital Management: 230,689 shares worth $8.69M.
  • Almitas Capital added most to Highland Global Allocation Fund in Q4 2019, an estimated $4.1M increase.
  • Almitas Capital's biggest Q4 2019 reduction was Armour Residential REIT, cutting an estimated $12.2M.
  • Almitas Capital fully exited Dynex Capital in Q4 2019, selling an estimated $4.64M.
  • Almitas Capital's ten largest holdings make up 53% of its $115M portfolio in Q4 2019.
  • Almitas Capital opened 26 new positions and closed 7 in Q4 2019.
  • Almitas Capital's portfolio value rose 23% quarter-over-quarter to $115M.

Based on Almitas Capital's 13F filing for Q4 2019, filed 14 Feb 2020.