We are live on ! Find out more
AC

Almitas Capital Portfolio holdings

AUM $443M
1-Year Est. Return 42.36%
This Fund
S&P 500
This Quarter Est. Return
-2.62%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$209M
AUM Growth
-$25.1M
Cap. Flow
-$11.9M
Cap. Flow %
-5.72%
Top 10 Hldgs %
48.49%
Holding
108
New
18
Increased
28
Reduced
27
Closed
20

Top Buys

Rank Stock Value
1
PDX
PIMCO Dynamic Income Strategy Fund
PDX
+$4.08M
2
FDEU
First Trust Dynamic Europe Equity Income Fund
FDEU
+$3.91M
3
AJXA
Great Ajax Corp.7.25% Convertible Senior Notes due 2024
AJXA
+$2.63M
4
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$2.54M
5
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$2.22M

Top Sells

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$13.6M
2
BBDC icon
Barings BDC
BBDC
+$5.13M
3
MPV
Barings Participation Investors
MPV
+$3.18M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$2.49M
5
BFZ
BlackRock CA Municipal Income Trust
BFZ
+$2.37M

Sector Composition

Rank Sector Weight
1 Real Estate 8.34%
2 Financials 3.4%
3 Technology 1.23%
4 Communication Services 0.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BTT icon
51
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$648K 0.31%
+33,400
New +$684K
RDN icon
52
Radian Group
RDN
$5.21B
$637K 0.3%
25,359
-7,700
-23% -$204K
MTG icon
53
MGIC Investment
MTG
$6.43B
$633K 0.3%
37,926
-12,500
-25% -$212K
IDE
54
Voya Infrastructure, Industrials and Materials Fund
IDE
$199M
$605K 0.29%
64,159
-11,767
-15% -$115K
CAF
55
Morgan Stanley China A Share Fund
CAF
$329M
$603K 0.29%
48,425
– –
PFX icon
56
PhenixFIN
PFX
$85.5M
$581K 0.28%
15,337
– –
MUC icon
57
BlackRock MuniHoldings California Quality Fund
MUC
$1B
$570K 0.27%
+59,661
New +$624K
BGB
58
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
$529K 0.25%
48,111
-13,289
-22% -$147K
VPV icon
59
Invesco Pennsylvania Value Municipal Income Trust
VPV
$193M
$501K 0.24%
+56,029
New +$538K
OMCC
60
DELISTED
Old Market Capital Corp
OMCC
$492K 0.24%
103,024
– –
MPV
61
Barings Participation Investors
MPV
$172M
$473K 0.23%
35,183
-236,999
-87% -$3.18M
KMF
62
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$443K 0.21%
62,228
-28,965
-32% -$213K
NBW
63
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$425K 0.2%
43,410
-24,306
-36% -$256K
LADR
64
Ladder Capital
LADR
$1.24B
$415K 0.2%
40,431
-4,600
-10% -$49.8K
SBI
65
Western Asset Intermediate Muni Fund
SBI
$108M
$405K 0.19%
56,603
-8,822
-13% -$66.3K
TEAF
66
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$391K 0.19%
32,613
– –
BSL
67
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
$350K 0.17%
26,436
-2,866
-10% -$37.6K
WHLRL
68
Wheeler Real Estate Investment Trust 7.00% Senior Subordinated Convertible Notes Due 2031
WHLRL
$290K 0.14%
5,272
– –
GRX
69
Gabelli Healthcare & Wellness Trust
GRX
$144M
$273K 0.13%
+31,790
New +$303K
DTF
70
DTF Tax-Free Income 2028 Term Fund
DTF
$80.7M
$260K 0.12%
24,372
-38,121
-61% -$415K
SFE
71
DELISTED
Safeguard Scientifics, Inc.
SFE
$257K 0.12%
257,491
-539,141
-68% -$701K
MFM
72
Aberdeen Municipal Income Fund
MFM
$222M
$257K 0.12%
+56,434
New +$283K
SPE
73
Special Opportunities Fund
SPE
$139M
$252K 0.12%
24,137
-4,397
-15% -$47.6K
MXE
74
Mexico Equity and Income Fund
MXE
$58.5M
$241K 0.12%
25,653
– –
IGI
75
Western Asset Investment Grade Defined Opportunity Trust
IGI
$94.1M
$222K 0.11%
14,018
+900
+7% +$14.6K
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
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
TAS
TIFF Advisory Services Radnor, Pennsylvania $444M AUM 24.8% 1-Year Est. Return

Almitas Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Almitas Capital held 108 positions worth $209M, down 11% from $234M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Almitas Capital withdrew a net $11.9M in Q3 2023, closing 20 positions and reducing 27 holdings. Its most notable exit was Annaly Capital Management, an estimated $13.6M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 8.3% of assets, down from 15% a quarter earlier, followed by Financials and Technology.

Against the trend, Almitas Capital opened a new position in Destra Multi-Alternative Fund worth $2.13M.

  • Almitas Capital's largest Q3 2023 buy was Destra Multi-Alternative Fund: 356,014 shares worth $2.13M.
  • Almitas Capital added most to PIMCO Dynamic Income Strategy Fund in Q3 2023, an estimated $4.08M increase.
  • Almitas Capital's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $5.13M.
  • Almitas Capital fully exited Annaly Capital Management in Q3 2023, selling an estimated $13.6M.
  • Almitas Capital's ten largest holdings make up 48% of its $209M portfolio in Q3 2023.
  • Almitas Capital opened 18 new positions and closed 20 in Q3 2023.
  • Almitas Capital's portfolio value fell 11% quarter-over-quarter to $209M.

Based on Almitas Capital's 13F filing for Q3 2023, filed 14 Nov 2023.