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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
+1.74%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$96.3M
AUM Growth
-$43.7M
Cap. Flow
-$48M
Cap. Flow %
-49.79%
Top 10 Hldgs %
58.62%
Holding
70
New
10
Increased
9
Reduced
18
Closed
15

Top Buys

Rank Stock Value
1
TWO
Two Harbors Investment
TWO
+$4.38M
2
SFE
Safeguard Scientifics, Inc.
SFE
+$2.81M
3
EARN
Ellington Residential Mortgage REIT
EARN
+$2.38M
4
HFRO
Highland Opportunities and Income Fund
HFRO
+$2.26M
5
RPT
Rithm Property Trust
RPT
+$1.35M

Top Sells

Rank Stock Value
1
EFC
Ellington Financial
EFC
+$15.9M
2
MUC icon
BlackRock MuniHoldings California Quality Fund
MUC
+$8.6M
3
RC
Ready Capital
RC
+$7.26M
4
DSU icon
BlackRock Debt Strategies Fund
DSU
+$6.93M
5
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$3.71M

Sector Composition

Rank Sector Weight
1 Financials 26.49%
2 Real Estate 22.54%
3 Consumer Staples 4.95%
4 Energy 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQS icon
51
Equus Total Return
EQS
$14.9M
$89K 0.09%
54,210
– –
OCSL icon
52
Oaktree Specialty Lending
OCSL
$1.03B
$76K 0.08%
4,646
– –
BRW
53
Saba Capital Income & Opportunities Fund
BRW
$336M
$75K 0.08%
+7,854
New +$75.4K
FAX
54
abrdn Asia-Pacific Income Fund
FAX
$590M
$51K 0.05%
+2,024
New +$50.1K
CET
55
Central Securities Corp
CET
$1.54B
– –
-8,579
Closed -$246K
EVM
56
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
– –
-93,069
Closed -$982K
MFA
57
MFA Financial
MFA
$929M
– –
-127,199
Closed -$3.7M
MHN
58
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
– –
-24,636
Closed -$318K
MXF
59
Mexico Fund
MXF
$306M
– –
-53,741
Closed -$744K
NRK icon
60
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$900M
– –
-13,028
Closed -$166K
BCIC
61
BCP Investment Corp
BCIC
$86.9M
– –
-1,941
Closed -$70K
WIW
62
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
– –
-10,358
Closed -$111K
FSD
63
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
– –
-253,711
Closed -$3.71M
NBW
64
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
– –
-18,649
Closed -$243K
MCA
65
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
– –
-59,051
Closed -$795K
EVY
66
DELISTED
Eaton Vance New York Municipal Income Trust
EVY
– –
-32,245
Closed -$398K
DNI
67
DELISTED
Dividend and Income Fund
DNI
– –
-25,786
Closed -$293K
AKP
68
DELISTED
Alliance Californa Muni Fd
AKP
– –
-169,819
Closed -$2.51M
BSE
69
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
– –
-28,223
Closed -$361K
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 Q2 2019 Portfolio in Review

As of Q2 2019, Almitas Capital held 70 positions worth $96.3M, down 31% from $140M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Almitas Capital withdrew a net $48M in Q2 2019, closing 15 positions and reducing 18 holdings. Its most notable exit was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $3.71M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 14% a quarter earlier, followed by Real Estate and Consumer Staples.

Against the trend, Almitas Capital opened a new position in Two Harbors Investment worth $4.22M.

  • Almitas Capital's largest Q2 2019 buy was Two Harbors Investment: 83,313 shares worth $4.22M.
  • Almitas Capital added most to Safeguard Scientifics, Inc. in Q2 2019, an estimated $2.81M increase.
  • Almitas Capital's biggest Q2 2019 reduction was Ellington Financial, cutting an estimated $15.9M.
  • Almitas Capital fully exited FIRST TRUST HIGH INCOME LONG/SHORT FUND in Q2 2019, selling an estimated $3.71M.
  • Almitas Capital's ten largest holdings make up 59% of its $96.3M portfolio in Q2 2019.
  • Almitas Capital opened 10 new positions and closed 15 in Q2 2019.
  • Almitas Capital's portfolio value fell 31% quarter-over-quarter to $96.3M.

Based on Almitas Capital's 13F filing for Q2 2019, filed 14 Aug 2019.