We are live on ! Find out more
AC

Almitas Capital Portfolio holdings

AUM $443M
1-Year Est. Return 42.36%
This Fund
S&P 500
This Quarter Est. Return
+17.89%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$396M
AUM Growth
+$95M
Cap. Flow
+$46.8M
Cap. Flow %
11.8%
Top 10 Hldgs %
68.68%
Holding
101
New
20
Increased
31
Reduced
23
Closed
19

Top Buys

Rank Stock Value
1
FETH
Fidelity Ethereum Fund
FETH
+$14.3M
2
PHT
Pioneer High Income Fund
PHT
+$12.4M
3
MAV
Pioneer Municipal High Income Advantage Fund
MAV
+$7.69M
4
MHI
Pioneer Municipal High Income Fund
MHI
+$6.8M
5
MIO
Pioneer Municipal High Income Opportunities Fund
MIO
+$6.75M

Top Sells

Rank Stock Value
1
DMF
BNY Mellon Municipal Income
DMF
+$7.77M
2
STEW
SRH Total Return Fund
STEW
+$5.21M
3
FBTC icon
Fidelity Wise Origin Bitcoin Fund
FBTC
+$3.51M
4
NKTR icon
Nektar Therapeutics
NKTR
+$3.14M
5
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$3.05M

Sector Composition

Rank Sector Weight
1 Healthcare 9.53%
2 Financials 2.45%
3 Real Estate 2.31%
4 Consumer Discretionary 1.69%
5 Communication Services 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JEQ
26
DELISTED
abrdn Japan Equity Fund
JEQ
$3.14M 0.79%
416,628
+356,024
+587% +$2.43M
SDHY
27
PGIM Short Duration High Yield Opportunities Fund
SDHY
$392M
$3M 0.76%
178,271
-18,197
-9% -$294K
CEE
28
Central and Eastern Europe Fund
CEE
$135M
$2.69M 0.68%
173,354
-6,836
-4% -$101K
GLO
29
Clough Global Opportunities Fund
GLO
$249M
$2.32M 0.59%
427,680
+5,800
+1% +$29.3K
AFB
30
AllianceBernstein National Municipal Income Fund
AFB
$312M
$2.21M 0.56%
214,484
+27,014
+14% +$278K
CMU
31
DELISTED
MFS High Yield Municipal Trust
CMU
$2.17M 0.55%
651,635
+235,090
+56% +$789K
ETH
32
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.7B
$2.12M 0.54%
+89,557
New +$1.85M
MSGS icon
33
Madison Square Garden
MSGS
$9.54B
$2.07M 0.52%
9,925
+15
+0.2% +$2.89K
LADR
34
Ladder Capital
LADR
$1.25B
$1.94M 0.49%
180,693
+34,170
+23% +$359K
ZNTL icon
35
Zentalis Pharmaceuticals
ZNTL
$308M
$1.86M 0.47%
1,599,266
-111,655
-7% -$147K
PCQ
36
Pimco California Municipal Income Fund
PCQ
$162M
$1.85M 0.47%
215,362
+10,873
+5% +$92.7K
AVIR icon
37
Atea Pharmaceuticals
AVIR
$379M
$1.6M 0.4%
445,386
-269,619
-38% -$804K
ANTX icon
38
AN2 Therapeutics
ANTX
$177M
$1.51M 0.38%
1,428,323
+115,212
+9% +$137K
BTX
39
BlackRock Technology and Private Equity Term Trust
BTX
$957M
$1.44M 0.36%
195,710
+2,321
+1% +$15.3K
WIA
40
Western Asset Inflation-Linked Income Fund
WIA
$185M
$1.27M 0.32%
151,642
-7,415
-5% -$60.9K
MFIC icon
41
MidCap Financial Investment
MFIC
$784M
$1.17M 0.3%
92,717
-50,167
-35% -$615K
LEO
42
BNY Mellon Strategic Municipals
LEO
$387M
$1.16M 0.29%
195,840
+50,826
+35% +$297K
PCK
43
DELISTED
Pimco California Municipal Income Fund II
PCK
$1.16M 0.29%
215,805
-653
-0.3% -$3.54K
ALXO icon
44
ALX Oncology
ALXO
$273M
$1.05M 0.27%
2,538,355
+1,185,214
+88% +$598K
DMB
45
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$197M
$1.02M 0.26%
99,948
-3,527
-3% -$35.6K
FBDC
46
FT Confluence BDC & Specialty Finance Income ETF
FBDC
$33.5M
$894K 0.23%
+42,651
New +$894K
WHLRL
47
Wheeler Real Estate Investment Trust 7.00% Senior Subordinated Convertible Notes Due 2031
WHLRL
$799K 0.2%
5,271
– –
MFA
48
MFA Financial
MFA
$929M
$733K 0.18%
77,440
– –
FLGT icon
49
Fulgent Genetics
FLGT
$559M
$617K 0.16%
31,060
+2,342
+8% +$45.6K
RLYB icon
50
Rallybio
RLYB
$86.6M
$614K 0.16%
227,187
+64,614
+40% +$171K
1
2
3 4

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 2025 Portfolio in Review

As of Q2 2025, Almitas Capital held 101 positions worth $396M, up 32% from $301M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Almitas Capital deployed $46.8M of net new capital in Q2 2025, opening 20 new positions and adding to 31 existing holdings. Its largest new stake was Fidelity Ethereum Fund: 650,000 shares worth $16.4M.

By sector, the portfolio is most concentrated in Healthcare at 9.5% of assets, down from 10% a quarter earlier, followed by Financials and Real Estate.

On the sell side, the largest reduction was Fidelity Wise Origin Bitcoin Fund, an estimated $3.51M trimmed.

  • Almitas Capital's largest Q2 2025 buy was Fidelity Ethereum Fund: 650,000 shares worth $16.4M.
  • Almitas Capital added most to Pioneer Municipal High Income Advantage Fund in Q2 2025, an estimated $7.69M increase.
  • Almitas Capital's biggest Q2 2025 reduction was Fidelity Wise Origin Bitcoin Fund, cutting an estimated $3.51M.
  • Almitas Capital fully exited BNY Mellon Municipal Income in Q2 2025, selling an estimated $7.77M.
  • Almitas Capital's ten largest holdings make up 69% of its $396M portfolio in Q2 2025.
  • Almitas Capital opened 20 new positions and closed 19 in Q2 2025.
  • Almitas Capital's portfolio value rose 32% quarter-over-quarter to $396M.

Based on Almitas Capital's 13F filing for Q2 2025, filed 14 Aug 2025.