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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
+1.58%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$234M
AUM Growth
+$24.7M
Cap. Flow
+$7.57M
Cap. Flow %
3.24%
Top 10 Hldgs %
48.23%
Holding
118
New
21
Increased
42
Reduced
15
Closed
26

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$8.78M
2
HIE
Miller/Howard High Income Equity Fund
HIE
+$7.93M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$4.06M
4
BBDC icon
Barings BDC
BBDC
+$3.87M
5
NPCT icon
Nuveen Core Plus Impact Fund
NPCT
+$3.16M

Top Sells

Rank Stock Value
1
BRSP
BrightSpire Capital
BRSP
+$6.92M
2
PNNT
Pennant Park Investment Corp
PNNT
+$6.53M
3
NIQ
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
+$6.17M
4
CCIF
Carlyle Credit Income Fund
CCIF
+$5.36M
5
FSCO
FS Credit Opportunities Corp
FSCO
+$4.06M

Sector Composition

Rank Sector Weight
1 Real Estate 14.59%
2 Financials 6.48%
3 Communication Services 0.42%
4 Technology 0.32%
5 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MFA
26
MFA Financial
MFA
$929M
$2.48M 1.06%
220,471
-264,660
-55% -$2.82M
WIW
27
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
$2.42M 1.03%
270,274
+146,540
+118% +$1.33M
IIF
28
Morgan Stanley India Investment Fund
IIF
$210M
$2.41M 1.03%
107,037
+21,100
+25% +$428K
AOD
29
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
$2.35M 1%
+280,447
New +$2.28M
TWN
30
Taiwan Fund
TWN
$493M
$2.21M 0.95%
66,452
+12,387
+23% +$347K
HYB
31
DELISTED
New America High Income Fund, Inc.
HYB
$2.21M 0.94%
324,886
+121,835
+60% +$804K
STEW
32
SRH Total Return Fund
STEW
$1.75B
$1.82M 0.78%
132,881
+15,200
+13% +$193K
BKCC
33
DELISTED
BlackRock Capital Investment Corporation
BKCC
$1.7M 0.73%
470,334
+320,533
+214% +$1.05M
NQP
34
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$1.6M 0.69%
141,974
+73,185
+106% +$821K
EDD
35
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$372M
$1.6M 0.68%
326,122
-7,561
-2% -$35.7K
WHLRD
36
Wheeler Real Estate Investment Trust Series D Preferred Stock
WHLRD
$64.4M
$1.51M 0.65%
129,187
-21,010
-14% -$264K
JSD
37
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$1.51M 0.64%
+129,962
New +$1.5M
BCX icon
38
BlackRock Resources & Commodities Strategy Trust
BCX
$899M
$1.47M 0.63%
+149,634
New +$1.39M
CPZ
39
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$253M
$1.37M 0.59%
87,130
+66,630
+325% +$1.01M
SFE
40
DELISTED
Safeguard Scientifics, Inc.
SFE
$1.23M 0.52%
796,632
– –
EMO
41
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.06B
$1.15M 0.49%
35,874
-20,499
-36% -$581K
CET
42
Central Securities Corp
CET
$1.54B
$1.09M 0.47%
29,376
– –
GLV
43
Clough Global Dividend & Income Fund
GLV
$78.4M
$1.08M 0.46%
188,205
+169,867
+926% +$953K
NSL
44
DELISTED
NUVEEN SENIOR INCM FD
NSL
$1.06M 0.45%
229,436
+12,723
+6% +$58K
PDX
45
PIMCO Dynamic Income Strategy Fund
PDX
$957M
$1.05M 0.45%
+62,786
New +$932K
FSCO
46
FS Credit Opportunities Corp
FSCO
$989M
$1.04M 0.44%
205,615
-916,252
-82% -$4.06M
RDI icon
47
Reading International Class A
RDI
$32.9M
$992K 0.42%
372,975
– –
DMF
48
DELISTED
BNY Mellon Municipal Income
DMF
$941K 0.4%
147,271
+98,122
+200% +$618K
CEV
49
Eaton Vance California Municipal Income Trust
CEV
$71.7M
$934K 0.4%
91,887
+59,940
+188% +$601K
RDN icon
50
Radian Group
RDN
$5.14B
$890K 0.38%
33,059
-78,858
-70% -$1.94M
1
2
3 4 5

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HBT
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EFMC
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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
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CMP
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PLU
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TC
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Almitas Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Almitas Capital held 118 positions worth $234M, up 12% from $209M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Almitas Capital deployed $7.57M of net new capital in Q2 2023, opening 21 new positions and adding to 42 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 280,447 shares worth $2.35M.

By sector, the portfolio is most concentrated in Real Estate at 15% of assets, down from 17% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was BrightSpire Capital, an estimated $6.92M trimmed.

  • Almitas Capital's largest Q2 2023 buy was abrdn Total Dynamic Dividend Fund: 280,447 shares worth $2.35M.
  • Almitas Capital added most to Annaly Capital Management in Q2 2023, an estimated $8.78M increase.
  • Almitas Capital's biggest Q2 2023 reduction was BrightSpire Capital, cutting an estimated $6.92M.
  • Almitas Capital fully exited Pennant Park Investment Corp in Q2 2023, selling an estimated $6.53M.
  • Almitas Capital's ten largest holdings make up 48% of its $234M portfolio in Q2 2023.
  • Almitas Capital opened 21 new positions and closed 26 in Q2 2023.
  • Almitas Capital's portfolio value rose 12% quarter-over-quarter to $234M.

Based on Almitas Capital's 13F filing for Q2 2023, filed 11 Aug 2023.