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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
+5.26%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$217M
AUM Growth
+$83.1M
Cap. Flow
+$67.1M
Cap. Flow %
30.93%
Top 10 Hldgs %
48.37%
Holding
153
New
60
Increased
25
Reduced
16
Closed
24

Top Buys

Rank Stock Value
1
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$18.4M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$7.38M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$6.12M
4
NID
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
+$5.66M
5
DX
Dynex Capital
DX
+$3.71M

Top Sells

Rank Stock Value
1
ORC
Orchid Island Capital
ORC
+$6.74M
2
TYG
Tortoise Energy Infrastructure Corp
TYG
+$3.2M
3
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$3.15M
4
SRV
NXG Cushing Midstream Energy Fund
SRV
+$1.53M
5
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$1.44M

Sector Composition

Rank Sector Weight
1 Real Estate 14.27%
2 Financials 12.96%
3 Communication Services 0.48%
4 Consumer Staples 0.27%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTHY
51
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$501M
$959K 0.44%
+71,131
New +$987K
EARN
52
Ellington Residential Mortgage REIT
EARN
$167M
$892K 0.41%
130,078
-108,915
-46% -$748K
CXH
53
DELISTED
MFS Investment Grade Municipal Trust
CXH
$862K 0.4%
+121,048
New +$842K
JLS icon
54
Nuveen Mortgage and Income Fund
JLS
$95.3M
$856K 0.39%
52,929
– –
SBI
55
Western Asset Intermediate Muni Fund
SBI
$108M
$844K 0.39%
111,237
+106,475
+2,236% +$795K
MPA icon
56
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$142M
$758K 0.35%
+68,875
New +$755K
KYN icon
57
Kayne Anderson Energy Infrastructure Fund
KYN
$2.43B
$685K 0.32%
+80,052
New +$694K
MXF
58
Mexico Fund
MXF
$311M
$642K 0.3%
+43,569
New +$633K
JHAA
59
DELISTED
Nuveen Corporate Income 2023 Target Term Fund
JHAA
$640K 0.29%
+70,519
New +$639K
BGB
60
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$607K 0.28%
+57,362
New +$612K
DEX
61
DELISTED
DELAWARE ENHANCED GLOBAL DIVIDEND & INCOME FUND
DEX
$594K 0.27%
76,178
+38,719
+103% +$291K
CET
62
Central Securities Corp
CET
$1.56B
$586K 0.27%
+17,536
New +$612K
OMCC
63
DELISTED
Old Market Capital Corp
OMCC
$578K 0.27%
91,670
– –
AGRO icon
64
Adecoagro
AGRO
$1.44B
$577K 0.27%
69,592
-5,890
-8% -$48.2K
JOF
65
Japan Smaller Capitalization Fund
JOF
$320M
$531K 0.24%
81,958
+81,478
+16,975% +$499K
PFX icon
66
PhenixFIN
PFX
$83M
$476K 0.22%
15,337
– –
JFR icon
67
Nuveen Floating Rate Income Fund
JFR
$1.23B
$472K 0.22%
+59,595
New +$487K
PDX
68
PIMCO Dynamic Income Strategy Fund
PDX
$936M
$471K 0.22%
31,550
+6,227
+25% +$94.6K
CEV
69
Eaton Vance California Municipal Income Trust
CEV
$71.4M
$459K 0.21%
+45,995
New +$446K
NQP
70
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$446K 0.21%
+40,083
New +$440K
FIF
71
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$433K 0.2%
30,019
+29,667
+8,428% +$427K
TIPT icon
72
Tiptree Inc
TIPT
$682M
$378K 0.17%
27,300
– –
KMF
73
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$373K 0.17%
+49,699
New +$380K
KSM
74
DELISTED
DWS Strategic Municipal Income Trust
KSM
$357K 0.16%
+43,696
New +$350K
BTX
75
BlackRock Technology and Private Equity Term Trust
BTX
$914M
$347K 0.16%
+50,957
New +$364K
1 2
3
4 5

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HBT
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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
CP
Cornerstone Planning Charlotte, North Carolina $443M AUM
CMP
Coston McIsaac & Partners Bar Harbor, Maine $443M AUM 6.68% 1-Year Est. Return
PLU
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TC
TownSquare Capital Provo, Utah $444M AUM 24.03% 1-Year Est. Return
TAS
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Almitas Capital's Q4 2022 Portfolio in Review

As of Q4 2022, Almitas Capital held 153 positions worth $217M, up 62% from $134M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Almitas Capital deployed $67.1M of net new capital in Q4 2022, opening 60 new positions and adding to 25 existing holdings. Its largest new stake was NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND: 444,384 shares worth $5.83M.

By sector, the portfolio is most concentrated in Real Estate at 14% of assets, down from 24% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was Orchid Island Capital, an estimated $6.74M trimmed.

  • Almitas Capital's largest Q4 2022 buy was NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND: 444,384 shares worth $5.83M.
  • Almitas Capital added most to BlackRock ESG Capital Allocation Term Trust in Q4 2022, an estimated $18.4M increase.
  • Almitas Capital's biggest Q4 2022 reduction was Orchid Island Capital, cutting an estimated $6.74M.
  • Almitas Capital fully exited Nuveen Credit Strategies Income Fund in Q4 2022, selling an estimated $1.44M.
  • Almitas Capital's ten largest holdings make up 48% of its $217M portfolio in Q4 2022.
  • Almitas Capital opened 60 new positions and closed 24 in Q4 2022.
  • Almitas Capital's portfolio value rose 62% quarter-over-quarter to $217M.

Based on Almitas Capital's 13F filing for Q4 2022, filed 14 Feb 2023.