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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
+2.97%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$115M
AUM Growth
+$21.3M
Cap. Flow
+$20M
Cap. Flow %
17.41%
Top 10 Hldgs %
52.85%
Holding
72
New
26
Increased
14
Reduced
12
Closed
7

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$8.41M
2
HGLB
Highland Global Allocation Fund
HGLB
+$4.1M
3
MITT
TPG Mortgage Investment Trust
MITT
+$3.84M
4
CCIF
Carlyle Credit Income Fund
CCIF
+$3.48M
5
GARS
Garrison Capital Inc.
GARS
+$2.54M

Top Sells

Rank Stock Value
1
ARR
Armour Residential REIT
ARR
+$12.2M
2
DX
Dynex Capital
DX
+$4.64M
3
NNC
Nuveen North Carolina Quality Municipal Income Fund
NNC
+$1.32M
4
VMM
Delaware Investments Minnesota Municipal Income Fund II
VMM
+$916K
5
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$774K

Sector Composition

Rank Sector Weight
1 Real Estate 24.27%
2 Financials 22.94%
3 Consumer Staples 5.04%
4 Energy 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPD icon
51
Enterprise Products Partners
EPD
$83.8B
$282K 0.25%
10,000
– –
NXDT
52
NexPoint Diversified Real Estate Trust
NXDT
$281M
$282K 0.25%
+15,900
New +$273K
WHF icon
53
WhiteHorse Finance
WHF
$141M
$249K 0.22%
+18,165
New +$254K
JEQ
54
DELISTED
abrdn Japan Equity Fund
JEQ
$216K 0.19%
27,700
– –
TDF
55
Templeton Dragon Fund
TDF
$268M
$212K 0.18%
10,925
– –
NDP
56
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
$210K 0.18%
+6,048
New +$189K
TLI
57
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$179K 0.16%
18,086
– –
DSU icon
58
BlackRock Debt Strategies Fund
DSU
$591M
$137K 0.12%
12,222
-18,742
-61% -$203K
ANH
59
DELISTED
Anworth Mortgage Asset Corporation
ANH
$136K 0.12%
38,506
+17,183
+81% +$59.4K
BCIC
60
BCP Investment Corp
BCIC
$86.9M
$124K 0.11%
+5,836
New +$126K
EQS icon
61
Equus Total Return
EQS
$14.9M
$99K 0.09%
54,210
– –
BRW
62
Saba Capital Income & Opportunities Fund
BRW
$336M
$73K 0.06%
+7,296
New +$70.4K
MGF
63
Aberdeen Government Markets Income Fund
MGF
$91.6M
$48K 0.04%
+10,410
New +$47.7K
AMLP icon
64
Alerian MLP ETF
AMLP
$13B
– –
-3,992
Closed -$182K
BGT icon
65
BlackRock Floating Rate Income Trust
BGT
$322M
– –
-47,721
Closed -$586K
DX
66
Dynex Capital
DX
$2.99B
– –
-313,898
Closed -$4.64M
EHI
67
Western Asset Global High Income Fund
EHI
$175M
– –
-67,197
Closed -$667K
VMM
68
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
– –
-69,934
Closed -$916K
NNC
69
DELISTED
Nuveen North Carolina Quality Municipal Income Fund
NNC
– –
-97,686
Closed -$1.32M
OHAI
70
DELISTED
OHA Investment Corporation
OHAI
– –
-263,394
Closed -$342K
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 Q4 2019 Portfolio in Review

As of Q4 2019, Almitas Capital held 72 positions worth $115M, up 23% from $93.5M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Almitas Capital deployed $20M of net new capital in Q4 2019, opening 26 new positions and adding to 14 existing holdings. Its largest new stake was Annaly Capital Management: 230,689 shares worth $8.69M.

By sector, the portfolio is most concentrated in Real Estate at 24% of assets, down from 33% a quarter earlier, followed by Financials and Consumer Staples.

On the sell side, the largest reduction was Armour Residential REIT, an estimated $12.2M trimmed.

  • Almitas Capital's largest Q4 2019 buy was Annaly Capital Management: 230,689 shares worth $8.69M.
  • Almitas Capital added most to Highland Global Allocation Fund in Q4 2019, an estimated $4.1M increase.
  • Almitas Capital's biggest Q4 2019 reduction was Armour Residential REIT, cutting an estimated $12.2M.
  • Almitas Capital fully exited Dynex Capital in Q4 2019, selling an estimated $4.64M.
  • Almitas Capital's ten largest holdings make up 53% of its $115M portfolio in Q4 2019.
  • Almitas Capital opened 26 new positions and closed 7 in Q4 2019.
  • Almitas Capital's portfolio value rose 23% quarter-over-quarter to $115M.

Based on Almitas Capital's 13F filing for Q4 2019, filed 14 Feb 2020.