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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
+1.58%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$234M
AUM Growth
+$24.7M
Cap. Flow
+$7.57M
Cap. Flow %
3.24%
Top 10 Hldgs %
48.23%
Holding
118
New
21
Increased
42
Reduced
15
Closed
26

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$8.78M
2
HIE
Miller/Howard High Income Equity Fund
HIE
+$7.93M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$4.06M
4
BBDC icon
Barings BDC
BBDC
+$3.87M
5
NPCT icon
Nuveen Core Plus Impact Fund
NPCT
+$3.16M

Top Sells

Rank Stock Value
1
BRSP
BrightSpire Capital
BRSP
+$6.92M
2
PNNT
Pennant Park Investment Corp
PNNT
+$6.53M
3
NIQ
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
+$6.17M
4
CCIF
Carlyle Credit Income Fund
CCIF
+$5.36M
5
FSCO
FS Credit Opportunities Corp
FSCO
+$4.06M

Sector Composition

Rank Sector Weight
1 Real Estate 14.59%
2 Financials 6.48%
3 Communication Services 0.42%
4 Technology 0.32%
5 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPI
51
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$865K 0.37%
+49,056
New +$827K
MTG icon
52
MGIC Investment
MTG
$6.27B
$844K 0.36%
50,426
-85,779
-63% -$1.27M
EVV
53
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$828K 0.35%
+87,167
New +$810K
KSM
54
DELISTED
DWS Strategic Municipal Income Trust
KSM
$784K 0.34%
92,106
+60,955
+196% +$510K
IDE
55
Voya Infrastructure, Industrials and Materials Fund
IDE
$204M
$781K 0.33%
+75,926
New +$727K
VMW
56
DELISTED
VMware, Inc
VMW
$751K 0.32%
+4,762
New +$618K
NBW
57
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$733K 0.31%
+67,716
New +$731K
DTF
58
DTF Tax-Free Income 2028 Term Fund
DTF
$80.7M
$691K 0.3%
62,493
+36,504
+140% +$398K
KMF
59
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$688K 0.29%
91,193
+35,494
+64% +$256K
BGB
60
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$684K 0.29%
+61,400
New +$655K
AAIC
61
DELISTED
Arlington Asset Investment Corp.
AAIC
$673K 0.29%
+145,907
New +$476K
CAF
62
Morgan Stanley China A Share Fund
CAF
$334M
$658K 0.28%
48,425
+27,125
+127% +$365K
JRO
63
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$596K 0.25%
75,648
+24,148
+47% +$188K
JOF
64
Japan Smaller Capitalization Fund
JOF
$320M
$589K 0.25%
79,124
-21,366
-21% -$153K
PFX icon
65
PhenixFIN
PFX
$552K 0.24%
15,337
– –
OMCC
66
DELISTED
Old Market Capital Corp
OMCC
$505K 0.22%
103,024
+11,354
+12% +$56K
SBI
67
Western Asset Intermediate Muni Fund
SBI
$109M
$503K 0.22%
65,425
+9,454
+17% +$72.9K
LADR
68
Ladder Capital
LADR
$1.25B
$495K 0.21%
45,031
-151,909
-77% -$1.47M
TTP
69
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
$472K 0.2%
16,131
+5,719
+55% +$151K
TEAF
70
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$421K 0.18%
32,613
+7,010
+27% +$89.5K
TWO
71
Two Harbors Investment
TWO
$1.27B
$387K 0.17%
+28,845
New +$380K
BSL
72
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$168M
$384K 0.16%
+29,302
New +$367K
JPC icon
73
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
$356K 0.15%
+53,916
New +$342K
SPE
74
Special Opportunities Fund
SPE
$140M
$315K 0.13%
28,534
+5,127
+22% +$53.7K
EARN
75
Ellington Residential Mortgage REIT
EARN
$165M
$308K 0.13%
42,343
-52,651
-55% -$374K
1 2
3
4 5

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 2023 Portfolio in Review

As of Q2 2023, Almitas Capital held 118 positions worth $234M, up 12% from $209M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Almitas Capital deployed $7.57M of net new capital in Q2 2023, opening 21 new positions and adding to 42 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 280,447 shares worth $2.35M.

By sector, the portfolio is most concentrated in Real Estate at 15% of assets, down from 17% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was BrightSpire Capital, an estimated $6.92M trimmed.

  • Almitas Capital's largest Q2 2023 buy was abrdn Total Dynamic Dividend Fund: 280,447 shares worth $2.35M.
  • Almitas Capital added most to Annaly Capital Management in Q2 2023, an estimated $8.78M increase.
  • Almitas Capital's biggest Q2 2023 reduction was BrightSpire Capital, cutting an estimated $6.92M.
  • Almitas Capital fully exited Pennant Park Investment Corp in Q2 2023, selling an estimated $6.53M.
  • Almitas Capital's ten largest holdings make up 48% of its $234M portfolio in Q2 2023.
  • Almitas Capital opened 21 new positions and closed 26 in Q2 2023.
  • Almitas Capital's portfolio value rose 12% quarter-over-quarter to $234M.

Based on Almitas Capital's 13F filing for Q2 2023, filed 11 Aug 2023.