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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
-2.76%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$93.5M
AUM Growth
-$2.84M
(-2.9%)
Cap. Flow
-$2.7M
Cap. Flow
% of AUM
-2.88%
Top 10 Holdings %
Top 10 Hldgs %
61.64%
Holding
63
New
8
Increased
11
Reduced
13
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ARR
Armour Residential REIT
ARR
|
+$13.4M |
| 2 |
DX
Dynex Capital
DX
|
+$4.91M |
| 3 |
Oaktree Specialty Lending
OCSL
|
+$2.65M |
| 4 |
CCIF
Carlyle Credit Income Fund
CCIF
|
+$2.65M |
| 5 |
BlackRock Floating Rate Income Strategies Fund
FRA
|
+$1.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWO
Two Harbors Investment
TWO
|
+$4.22M |
| 2 |
FS KKR Capital
FSK
|
+$3.56M |
| 3 |
BlackRock MuniHoldings California Quality Fund
MUC
|
+$3.49M |
| 4 |
BFZ
BlackRock CA Municipal Income Trust
BFZ
|
+$3.37M |
| 5 |
RC
Ready Capital
RC
|
+$2.64M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 33.31% |
| 2 | Financials | 25.79% |
| 3 | Consumer Staples | 4.17% |
| 4 | Energy | 0.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FAX
51
abrdn Asia-Pacific Income Fund
FAX
$590M
| – | – |
-2,024
| Closed | -$51K |
|
|
FT
52
Franklin Universal Trust
FT
$201M
| – | – |
-58,827
| Closed | -$431K |
|
|
GAM
53
General American Investors Company
GAM
$1.54B
| – | – |
-22,008
| Closed | -$781K |
|
54
Greenlight Captial
GLRE
$563M
| – | – |
-55,000
| Closed | -$467K |
|
55
iShares MBS ETF
MBB
$39B
| – | – |
-13,300
| Closed | -$1.43M |
|
|
56
BlackRock MuniHoldings California Quality Fund
MUC
$1B
| – | – |
-255,934
| Closed | -$3.49M |
|
|
PHD
57
DELISTED
Pioneer Floating Rate Fund
PHD
| – | – |
-64,962
| Closed | -$694K |
|
|
RC
58
Ready Capital
RC
$265M
| – | – |
-177,470
| Closed | -$2.64M |
|
|
TWO
59
Two Harbors Investment
TWO
$1.27B
| – | – |
-83,313
| Closed | -$4.22M |
|
|
NIQ
60
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
| – | – |
-70,824
| Closed | -$943K |
|
|
WMC
61
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| – | – |
-2,111
| Closed | -$211K |
|
|
NUM
62
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
| – | – |
-86,668
| Closed | -$1.18M |
|
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Almitas Capital's Q3 2019 Portfolio in Review
As of Q3 2019, Almitas Capital held 63 positions worth $93.5M, down 2.9% from $96.3M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Almitas Capital's Q3 2019 filing shows 8 new, 11 increased, 13 reduced and 16 closed positions. Its largest new stake was Armour Residential REIT: 153,749 shares worth $12.9M. The largest sale was Two Harbors Investment, an estimated $4.22M.
By sector, the portfolio is most concentrated in Real Estate at 33% of assets, up from 23% a quarter earlier, followed by Financials and Consumer Staples.
- Almitas Capital's largest Q3 2019 buy was Armour Residential REIT: 153,749 shares worth $12.9M.
- Almitas Capital added most to Oaktree Specialty Lending in Q3 2019, an estimated $2.65M increase.
- Almitas Capital's biggest Q3 2019 reduction was FS KKR Capital, cutting an estimated $3.56M.
- Almitas Capital fully exited Two Harbors Investment in Q3 2019, selling an estimated $4.22M.
- Almitas Capital's ten largest holdings make up 62% of its $93.5M portfolio in Q3 2019.
- Almitas Capital opened 8 new positions and closed 16 in Q3 2019.
- Almitas Capital's portfolio value fell 2.9% quarter-over-quarter to $93.5M.
Based on Almitas Capital's 13F filing for Q3 2019, filed 14 Nov 2019.