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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
+7.03%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$290M
AUM Growth
+$81.4M
Cap. Flow
+$58.8M
Cap. Flow %
20.26%
Top 10 Hldgs %
42.84%
Holding
133
New
45
Increased
46
Reduced
16
Closed
17

Top Buys

Rank Stock Value
1
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$16.6M
2
BKCC
BlackRock Capital Investment Corporation
BKCC
+$7.54M
3
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.05M
4
SDHY
PGIM Short Duration High Yield Opportunities Fund
SDHY
+$4.99M
5
ORC
Orchid Island Capital
ORC
+$4.75M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$12M
2
CEN
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
+$6.27M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$5.71M
4
JHAA
Nuveen Corporate Income 2023 Target Term Fund
JHAA
+$3.95M
5
FDEU
First Trust Dynamic Europe Equity Income Fund
FDEU
+$3.94M

Sector Composition

Rank Sector Weight
1 Real Estate 6.89%
2 Financials 4.81%
3 Healthcare 0.94%
4 Communication Services 0%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FEN
51
DELISTED
First Trust Energy Income and Growth Fund
FEN
$1.47M 0.51%
+101,846
New +$1.44M
FEI
52
DELISTED
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
$1.47M 0.51%
+171,191
New +$1.43M
KSM
53
DELISTED
DWS Strategic Municipal Income Trust
KSM
$1.41M 0.49%
163,393
+14,850
+10% +$118K
VFL
54
DELISTED
abrdn National Municipal Income Fund
VFL
$1.38M 0.47%
134,773
+26,772
+25% +$242K
VPV icon
55
Invesco Pennsylvania Value Municipal Income Trust
VPV
$193M
$1.34M 0.46%
133,606
+77,577
+138% +$724K
MIO
56
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$1.29M 0.44%
+121,792
New +$1.21M
NFJ
57
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$1.19M 0.41%
+94,063
New +$1.08M
IDE
58
Voya Infrastructure, Industrials and Materials Fund
IDE
$199M
$1.1M 0.38%
107,662
+43,503
+68% +$411K
FIF
59
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$1.05M 0.36%
+63,927
New +$1M
FFC
60
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$774M
$1.04M 0.36%
+74,631
New +$982K
RA
61
Brookfield Real Assets Income Fund
RA
$707M
$951K 0.33%
+74,208
New +$923K
NXG
62
NXG NextGen Infrastructure Income Fund
NXG
$319M
$917K 0.32%
25,799
-66,556
-72% -$2.19M
BGB
63
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$907K 0.31%
80,158
+32,047
+67% +$352K
HTY
64
DELISTED
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
$834K 0.29%
+163,125
New +$725K
DSM
65
BNY Mellon Strategic Municipal Bond Fund
DSM
$291M
$789K 0.27%
138,197
+122,173
+762% +$638K
CEE
66
Central and Eastern Europe Fund
CEE
$136M
$769K 0.27%
+78,923
New +$694K
PFX icon
67
PhenixFIN
PFX
$83M
$753K 0.26%
17,818
+2,481
+16% +$94.1K
GLO
68
Clough Global Opportunities Fund
GLO
$246M
$741K 0.26%
+157,689
New +$709K
MTG icon
69
MGIC Investment
MTG
$6.47B
$732K 0.25%
37,926
– –
RDN icon
70
Radian Group
RDN
$5.22B
$724K 0.25%
25,359
– –
MEGI
71
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$792M
$686K 0.24%
+52,856
New +$633K
OMCC
72
DELISTED
Old Market Capital Corp
OMCC
$665K 0.23%
96,324
-6,700
-7% -$38.4K
NBH
73
Neuberger Municipal Fund Inc
NBH
$307M
$653K 0.22%
+63,057
New +$605K
NBXG
74
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.15B
$642K 0.22%
+58,712
New +$612K
CAF
75
Morgan Stanley China A Share Fund
CAF
$329M
$617K 0.21%
48,425
– –
1 2
3
4 5

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HBT
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EFMC
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BFA
Beacon Financial Advisory Cleveland, Ohio $443M AUM 17.02% 1-Year Est. Return
CP
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CMP
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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 2023 Portfolio in Review

As of Q4 2023, Almitas Capital held 133 positions worth $290M, up 39% from $209M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Almitas Capital deployed $58.8M of net new capital in Q4 2023, opening 45 new positions and adding to 46 existing holdings. Its largest new stake was Orchid Island Capital: 637,430 shares worth $5.37M.

By sector, the portfolio is most concentrated in Real Estate at 6.9% of assets, down from 8.3% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was BlackRock ESG Capital Allocation Term Trust, an estimated $5.71M trimmed.

  • Almitas Capital's largest Q4 2023 buy was Orchid Island Capital: 637,430 shares worth $5.37M.
  • Almitas Capital added most to BlackRock Health Sciences Trust II in Q4 2023, an estimated $16.6M increase.
  • Almitas Capital's biggest Q4 2023 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $5.71M.
  • Almitas Capital fully exited Saba Capital Income & Opportunities Fund II in Q4 2023, selling an estimated $12M.
  • Almitas Capital's ten largest holdings make up 43% of its $290M portfolio in Q4 2023.
  • Almitas Capital opened 45 new positions and closed 17 in Q4 2023.
  • Almitas Capital's portfolio value rose 39% quarter-over-quarter to $290M.

Based on Almitas Capital's 13F filing for Q4 2023, filed 14 Feb 2024.