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AC

Almitas Capital Portfolio holdings

AUM $443M
1-Year Est. Return 42.36%
This Fund
S&P 500
This Quarter Est. Return
+5.37%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$242M
AUM Growth
-$48.2M
Cap. Flow
-$61.5M
Cap. Flow %
-25.42%
Top 10 Hldgs %
46.76%
Holding
121
New
6
Increased
24
Reduced
32
Closed
52

Top Buys

Rank Stock Value
1
FIF
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
+$5.9M
2
FEN
First Trust Energy Income and Growth Fund
FEN
+$4.26M
3
CEM
ClearBridge MLP and Midstream Fund Inc.
CEM
+$2.61M
4
HTY
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
+$1.92M
5
MHI
Pioneer Municipal High Income Fund
MHI
+$1.34M

Top Sells

Rank Stock Value
1
BKCC
BlackRock Capital Investment Corporation
BKCC
+$11.3M
2
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$5.71M
3
ORC
Orchid Island Capital
ORC
+$5.37M
4
ASA
ASA Gold and Precious Metals
ASA
+$2.95M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$2.82M

Sector Composition

Rank Sector Weight
1 Financials 3.87%
2 Real Estate 2.49%
3 Healthcare 2.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NKTR icon
51
Nektar Therapeutics
NKTR
$2.39B
$860K 0.36%
+61,348
New +$642K
VFL
52
DELISTED
abrdn National Municipal Income Fund
VFL
$805K 0.33%
77,710
-57,063
-42% -$585K
GLV
53
Clough Global Dividend & Income Fund
GLV
$77.6M
$792K 0.33%
141,649
-184,934
-57% -$1M
WIW
54
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$507M
$730K 0.3%
84,641
-121,033
-59% -$1.04M
FPL
55
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$707K 0.29%
+92,346
New +$650K
MAV
56
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$664K 0.27%
81,492
+17,100
+27% +$138K
OMCC
57
DELISTED
Old Market Capital Corp
OMCC
$651K 0.27%
96,324
– –
CEE
58
Central and Eastern Europe Fund
CEE
$136M
$574K 0.24%
60,250
-18,673
-24% -$181K
NEA icon
59
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$563K 0.23%
+50,885
New +$558K
AFB
60
AllianceBernstein National Municipal Income Fund
AFB
$314M
$451K 0.19%
+41,054
New +$446K
NBH
61
Neuberger Municipal Fund Inc
NBH
$307M
$381K 0.16%
36,402
-26,655
-42% -$276K
GLO
62
Clough Global Opportunities Fund
GLO
$246M
$379K 0.16%
74,688
-83,001
-53% -$405K
TYG
63
Tortoise Energy Infrastructure Corp
TYG
$1.1B
$305K 0.13%
9,881
-62,783
-86% -$1.84M
CMU
64
DELISTED
MFS High Yield Municipal Trust
CMU
$289K 0.12%
86,729
+9,440
+12% +$31.1K
BNY
65
DELISTED
BlackRock New York Municipal Income Trust
BNY
$211K 0.09%
19,915
-36,991
-65% -$390K
FMN
66
Federated Hermes Premier Municipal Income Fund
FMN
$86.9M
$198K 0.08%
17,873
– –
MXE
67
Mexico Equity and Income Fund
MXE
$58.5M
$156K 0.06%
13,526
-18,562
-58% -$206K
MFV
68
DELISTED
MFS SPECIAL VALUE TRUST
MFV
$80.8K 0.03%
+18,154
New +$76.7K
BGB
69
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
– –
-80,158
Closed -$907K
BRSP
70
BrightSpire Capital
BRSP
$683M
– –
-332,001
Closed -$2.47M
BSL
71
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$168M
– –
-27,709
Closed -$370K
BTT icon
72
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
– –
-87,115
Closed -$1.81M
BTZ icon
73
BlackRock Credit Allocation Income Trust
BTZ
$933M
– –
-42,622
Closed -$440K
C icon
74
Citigroup
C
$222B
– –
-4,500
Closed -$231K
CAF
75
Morgan Stanley China A Share Fund
CAF
$329M
– –
-48,425
Closed -$617K
1 2
3
4 5

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HBT
Heartland Bank & Trust Bloomington, Illinois $442M AUM 28.29% 1-Year Est. Return
EFMC
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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 Q1 2024 Portfolio in Review

As of Q1 2024, Almitas Capital held 121 positions worth $242M, down 17% from $290M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Almitas Capital withdrew a net $61.5M in Q1 2024, closing 52 positions and reducing 32 holdings. Its most notable exit was BlackRock Capital Investment Corporation, an estimated $11.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.9% of assets, down from 4.8% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Almitas Capital opened a new position in ClearBridge MLP and Midstream Fund Inc. worth $2.86M.

  • Almitas Capital's largest Q1 2024 buy was ClearBridge MLP and Midstream Fund Inc.: 62,472 shares worth $2.86M.
  • Almitas Capital added most to FIRST TRUST ENERGY INFRASTRUCTURE FUND in Q1 2024, an estimated $5.9M increase.
  • Almitas Capital's biggest Q1 2024 reduction was BlackRock Health Sciences Trust II, cutting an estimated $5.71M.
  • Almitas Capital fully exited BlackRock Capital Investment Corporation in Q1 2024, selling an estimated $11.3M.
  • Almitas Capital's ten largest holdings make up 47% of its $242M portfolio in Q1 2024.
  • Almitas Capital opened 6 new positions and closed 52 in Q1 2024.
  • Almitas Capital's portfolio value fell 17% quarter-over-quarter to $242M.

Based on Almitas Capital's 13F filing for Q1 2024, filed 14 May 2024.