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AC

Almitas Capital Portfolio holdings

AUM $443M
1-Year Est. Return 42.36%
This Fund
S&P 500
This Quarter Est. Return
+5.37%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$242M
AUM Growth
-$48.2M
Cap. Flow
-$61.5M
Cap. Flow %
-25.42%
Top 10 Hldgs %
46.76%
Holding
121
New
6
Increased
24
Reduced
32
Closed
52

Top Buys

Rank Stock Value
1
FIF
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
+$5.9M
2
FEN
First Trust Energy Income and Growth Fund
FEN
+$4.26M
3
CEM
ClearBridge MLP and Midstream Fund Inc.
CEM
+$2.61M
4
HTY
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
+$1.92M
5
MHI
Pioneer Municipal High Income Fund
MHI
+$1.34M

Top Sells

Rank Stock Value
1
BKCC
BlackRock Capital Investment Corporation
BKCC
+$11.3M
2
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$5.71M
3
ORC
Orchid Island Capital
ORC
+$5.37M
4
ASA
ASA Gold and Precious Metals
ASA
+$2.95M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$2.82M

Sector Composition

Rank Sector Weight
1 Financials 3.87%
2 Real Estate 2.49%
3 Healthcare 2.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXJ
26
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$3.21M 1.33%
265,919
+25,844
+11% +$311K
EVM
27
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$3.08M 1.27%
326,340
-151,613
-32% -$1.41M
CEM
28
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
$2.86M 1.18%
+62,472
New +$2.61M
HTY
29
DELISTED
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
$2.82M 1.17%
538,822
+375,697
+230% +$1.92M
CXE
30
DELISTED
MFS High Income Municipal Trust
CXE
$2.78M 1.15%
766,961
+21,042
+3% +$75.5K
CTR
31
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$2.72M 1.12%
65,535
-45,660
-41% -$1.73M
DMA
32
Destra Multi-Alternative Fund
DMA
$68.8M
$2.7M 1.12%
345,331
-106,368
-24% -$768K
IIF
33
Morgan Stanley India Investment Fund
IIF
$212M
$2.57M 1.06%
112,191
-57,972
-34% -$1.31M
MXF
34
Mexico Fund
MXF
$309M
$2.34M 0.97%
121,781
-39,075
-24% -$724K
JOF
35
Japan Smaller Capitalization Fund
JOF
$323M
$2.28M 0.94%
285,943
-12,517
-4% -$96.7K
CET
36
Central Securities Corp
CET
$1.54B
$2.07M 0.86%
49,605
+21
+0% +$813
FEI
37
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
$2.05M 0.84%
211,517
+40,326
+24% +$357K
IDE
38
Voya Infrastructure, Industrials and Materials Fund
IDE
$200M
$1.95M 0.81%
185,341
+77,679
+72% +$783K
CEV
39
Eaton Vance California Municipal Income Trust
CEV
$71.7M
$1.91M 0.79%
179,967
+19,858
+12% +$209K
CPZ
40
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$252M
$1.81M 0.75%
117,221
-59,375
-34% -$892K
VTN icon
41
Invesco Trust for Investment Grade New York Municipals
VTN
$162M
$1.66M 0.69%
154,579
+1,600
+1% +$16.9K
MHI
42
DELISTED
Pioneer Municipal High Income Fund
MHI
$1.63M 0.68%
184,859
+154,227
+503% +$1.34M
MIO
43
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$1.57M 0.65%
138,868
+17,076
+14% +$187K
TWN
44
Taiwan Fund
TWN
$488M
$1.56M 0.64%
39,295
-48,829
-55% -$1.83M
VPV icon
45
Invesco Pennsylvania Value Municipal Income Trust
VPV
$194M
$1.53M 0.63%
149,619
+16,013
+12% +$162K
DSM
46
BNY Mellon Strategic Municipal Bond Fund
DSM
$291M
$1.34M 0.55%
229,209
+91,012
+66% +$524K
ADAM
47
Adamas Trust
ADAM
$783M
$1.33M 0.55%
185,139
-96,187
-34% -$733K
EDD
48
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$378M
$1.25M 0.52%
262,519
-275,663
-51% -$1.3M
KSM
49
DELISTED
DWS Strategic Municipal Income Trust
KSM
$1.17M 0.48%
130,986
-32,407
-20% -$286K
ASA
50
ASA Gold and Precious Metals
ASA
$962M
$1.03M 0.43%
67,273
-202,576
-75% -$2.95M
1
2
3 4 5

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EFMC
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BFA
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CP
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CMP
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PLU
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TC
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TAS
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Almitas Capital's Q1 2024 Portfolio in Review

As of Q1 2024, Almitas Capital held 121 positions worth $242M, down 17% from $290M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Almitas Capital withdrew a net $61.5M in Q1 2024, closing 52 positions and reducing 32 holdings. Its most notable exit was BlackRock Capital Investment Corporation, an estimated $11.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.9% of assets, down from 4.8% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Almitas Capital opened a new position in ClearBridge MLP and Midstream Fund Inc. worth $2.86M.

  • Almitas Capital's largest Q1 2024 buy was ClearBridge MLP and Midstream Fund Inc.: 62,472 shares worth $2.86M.
  • Almitas Capital added most to FIRST TRUST ENERGY INFRASTRUCTURE FUND in Q1 2024, an estimated $5.9M increase.
  • Almitas Capital's biggest Q1 2024 reduction was BlackRock Health Sciences Trust II, cutting an estimated $5.71M.
  • Almitas Capital fully exited BlackRock Capital Investment Corporation in Q1 2024, selling an estimated $11.3M.
  • Almitas Capital's ten largest holdings make up 47% of its $242M portfolio in Q1 2024.
  • Almitas Capital opened 6 new positions and closed 52 in Q1 2024.
  • Almitas Capital's portfolio value fell 17% quarter-over-quarter to $242M.

Based on Almitas Capital's 13F filing for Q1 2024, filed 14 May 2024.