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Almitas Capital Portfolio holdings
AUM
$417M
1-Year Est. Return
22.81%
This Fund
S&P 500
This Quarter
Est. Return
+1.7%
1 Year Est. Return
+22.81%
3 Year Est. Return
+86.09%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$417M
AUM Growth
-$25.2M
(-5.7%)
Cap. Flow
-$24.7M
Cap. Flow
% of AUM
-5.92%
Top 10 Holdings %
Top 10 Hldgs %
52.38%
Holding
150
New
35
Increased
33
Reduced
22
Closed
21
Avg Time Held
2.7
quarters
Top 10 Avg Time Held
3.3
quarters
Top 20 Avg Time Held
2.5
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tortoise Energy Infrastructure Corp
TYG
|
+$7.43M |
| 2 |
ASA Gold and Precious Metals
ASA
|
+$6.48M |
| 3 |
Aberdeen Municipal Income Fund
MFM
|
+$4.77M |
| 4 |
iShares Core 60/40 Balanced Allocation ETF
AOR
|
+$4.76M |
| 5 |
Schwab US REIT ETF
SCHH
|
+$4.63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amylyx Pharmaceuticals
AMLX
|
+$17.7M |
| 2 |
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
|
+$12.6M |
| 3 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$10.8M |
| 4 |
Bio-Rad Laboratories Class A
BIO
|
+$8.43M |
| 5 |
Design Therapeutics
DSGN
|
+$6.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 69.24% |
| 2 | Healthcare | 14.39% |
| 3 | Financials | 6.53% |
| 4 | Real Estate | 5.02% |
| 5 | Consumer Discretionary | 2.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
AllianceBernstein National Municipal Income Fund
AFB
$273M
| $1.38M | 0.33% |
120,993
-93,289
| -44% | -$1.03M |
2024 Q1
9 quarters
|
|
52
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$173M
| $1.34M | 0.32% |
121,339
-61,585
| -34% | -$672K |
2024 Q2
8 quarters
|
|
53
Agnico Eagle Mines
AEM
$94B
| $1.25M | 0.3% |
+8,035
| New | +$1.49M |
2026 Q2
0 quarters
|
|
54
MFA Financial
MFA
$677M
| $1.24M | 0.3% |
128,086
| – | – |
2024 Q4
6 quarters
|
|
55
Starwood Property Trust
STWD
$4.62B
| $1.16M | 0.28% |
71,000
| – | – |
2025 Q4
2 quarters
|
|
56
High Income Securities Fund
PCF
$94.5M
| $1.14M | 0.27% |
209,322
+131,515
| +169% | +$737K |
2026 Q1
1 quarter
|
|
57
Cohen & Steers Infrastructure Fund
UTF
$2.88B
| $1.06M | 0.25% |
38,562
| – | – |
2025 Q3
3 quarters
|
|
58
ArrowMark Financial
BANX
$194M
| $994K | 0.24% |
50,843
-22,409
| -31% | -$439K |
2026 Q1
1 quarter
|
|
59
Gabelli Equity Trust
GAB
$1.78B
| $961K | 0.23% |
+169,700
| New | +$949K |
2026 Q2
0 quarters
|
|
60
Nuveen Churchill Direct Lending
NCDL
$532M
| $871K | 0.21% |
70,160
| – | – |
2025 Q4
2 quarters
|
|
61
Ares Commercial Real Estate
ACRE
$197M
| $814K | 0.2% |
180,954
+129,957
| +255% | +$641K |
2026 Q1
1 quarter
|
|
62
Eagle Point Income Company
EIC
$202M
| $811K | 0.19% |
80,547
| – | – |
2025 Q4
2 quarters
|
|
63
BlackRock Science and Technology Term Trust
BSTZ
$2.01B
| $805K | 0.19% |
+26,810
| New | +$740K |
2026 Q2
0 quarters
|
|
64
NewtekOne
NEWT
$317M
| $793K | 0.19% |
53,570
| – | – |
2025 Q4
2 quarters
|
|
65
Clough Global Dividend & Income Fund
GLV
$71.9M
| $735K | 0.18% |
110,708
+91,430
| +474% | +$570K |
2025 Q4
2 quarters
|
|
66
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.24B
| $700K | 0.17% |
42,297
+31,840
| +304% | +$487K |
2026 Q1
1 quarter
|
|
67
Swiss Helvetia Fund
SWZ
$74.6M
| $687K | 0.16% |
115,581
+69,127
| +149% | +$414K |
2025 Q4
2 quarters
|
|
68
Newmont
NEM
$122B
| $635K | 0.15% |
+6,800
| New | +$741K |
2026 Q2
0 quarters
|
|
69
Walker & Dunlop
WD
$1.1B
| $635K | 0.15% |
11,600
| – | – |
2025 Q4
2 quarters
|
|
70
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$131M
| $610K | 0.15% |
+78,161
| New | +$577K |
2026 Q2
0 quarters
|
|
71
Cavco Industries
CVCO
$4.06B
| $609K | 0.15% |
992
| – | – |
2025 Q4
2 quarters
|
|
72
Sharplink Inc
SBET
$1.83B
| $597K | 0.14% |
124,283
| – | – |
2025 Q4
2 quarters
|
|
73
Eaton Vance Senior Floating-Rate Fund
EFR
$302M
| $577K | 0.14% |
54,393
+4,611
| +9% | +$48.5K |
2025 Q4
2 quarters
|
|
74
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
| $576K | 0.14% |
44,471
| – | – |
2026 Q1
1 quarter
|
|
75
Calamos Global Dynamic Income Fund
CHW
$513M
| $571K | 0.14% |
64,073
+53,807
| +524% | +$457K |
2026 Q1
1 quarter
|
|
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CIM
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VA
CWM
Almitas Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Almitas Capital held 150 positions worth $417M, down 5.7% from $443M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Almitas Capital withdrew a net $24.7M in Q2 2026, closing 21 positions and reducing 22 holdings. Its most notable exit was Nuveen Pennsylvania Quality Municipal Income Fund, an estimated $12.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 69% of assets, up from 66% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Almitas Capital opened a new position in Tortoise Energy Infrastructure Corp worth $6.94M.
- Almitas Capital's largest Q2 2026 buy was Tortoise Energy Infrastructure Corp: 161,872 shares worth $6.94M.
- Almitas Capital added most to ASA Gold and Precious Metals in Q2 2026, an estimated $6.48M increase.
- Almitas Capital's biggest Q2 2026 reduction was Amylyx Pharmaceuticals, cutting an estimated $17.7M.
- Almitas Capital fully exited Nuveen Pennsylvania Quality Municipal Income Fund in Q2 2026, selling an estimated $12.6M.
- Almitas Capital's ten largest holdings make up 52% of its $417M portfolio in Q2 2026.
- Almitas Capital opened 35 new positions and closed 21 in Q2 2026.
- Almitas Capital's portfolio value fell 5.7% quarter-over-quarter to $417M.
Based on Almitas Capital's 13F filing for Q2 2026, filed 17 Aug 2026.