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Almitas Capital Portfolio holdings
AUM
$417M
1-Year Est. Return
22.81%
This Fund
S&P 500
This Quarter
Est. Return
+1.7%
1 Year Est. Return
+22.81%
3 Year Est. Return
+86.09%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$417M
AUM Growth
-$25.2M
(-5.7%)
Cap. Flow
-$24.7M
Cap. Flow
% of AUM
-5.92%
Top 10 Holdings %
Top 10 Hldgs %
52.38%
Holding
150
New
35
Increased
33
Reduced
22
Closed
21
Avg Time Held
2.7
quarters
Top 10 Avg Time Held
3.3
quarters
Top 20 Avg Time Held
2.5
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tortoise Energy Infrastructure Corp
TYG
|
+$7.43M |
| 2 |
ASA Gold and Precious Metals
ASA
|
+$6.48M |
| 3 |
Aberdeen Municipal Income Fund
MFM
|
+$4.77M |
| 4 |
iShares Core 60/40 Balanced Allocation ETF
AOR
|
+$4.76M |
| 5 |
Schwab US REIT ETF
SCHH
|
+$4.63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amylyx Pharmaceuticals
AMLX
|
+$17.7M |
| 2 |
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
|
+$12.6M |
| 3 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$10.8M |
| 4 |
Bio-Rad Laboratories Class A
BIO
|
+$8.43M |
| 5 |
Design Therapeutics
DSGN
|
+$6.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 69.24% |
| 2 | Healthcare | 14.39% |
| 3 | Financials | 6.53% |
| 4 | Real Estate | 5.02% |
| 5 | Consumer Discretionary | 2.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
BNY Mellon Strategic Municipals
LEO
$346M
| $530K | 0.13% |
82,066
-115,030
| -58% | -$733K |
2024 Q2
8 quarters
|
|
77
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$250M
| $505K | 0.12% |
+38,584
| New | +$514K |
2026 Q2
0 quarters
|
|
78
Toro Corp
TORO
$144M
| $487K | 0.12% |
+100,000
| New | +$517K |
2026 Q2
0 quarters
|
|
79
Talphera
TLPH
$55.5M
| $481K | 0.12% |
467,152
| – | – |
2026 Q1
1 quarter
|
|
80
Bank of New York Mellon
BNY
$95.7B
| $477K | 0.11% |
+3,300
| New | +$451K |
2026 Q2
0 quarters
|
|
81
Goldman Sachs BDC
GSBD
$984M
| $474K | 0.11% |
50,000
| – | – |
2025 Q4
2 quarters
|
|
82
Western Asset Inflation-Linked Income Fund
WIA
$177M
| $461K | 0.11% |
56,732
| – | – |
2024 Q2
8 quarters
|
|
83
Carlyle Secured Lending
CGBD
$721M
| $452K | 0.11% |
42,885
| – | – |
2025 Q4
2 quarters
|
|
84
Champion Homes
SKY
$4.26B
| $441K | 0.11% |
5,000
| – | – |
2025 Q4
2 quarters
|
|
85
Carlyle Credit Income Fund
CCIF
$47.4M
| $440K | 0.11% |
157,685
| – | – |
2025 Q4
2 quarters
|
|
|
DHY
86
UBS Asset Management High Yield Credit Fund
DHY
$224M
| $440K | 0.11% |
+24,703
| New | +$440K |
2026 Q2
0 quarters
|
|
87
Forum Markets
FRMM
$55.3M
| $437K | 0.1% |
80,408
| – | – |
2025 Q4
2 quarters
|
|
88
Eaton Vance Limited Duration Income Fund
EVV
$975M
| $435K | 0.1% |
+46,399
| New | +$434K |
2026 Q2
0 quarters
|
|
89
M&T Bank
MTB
$31.5B
| $428K | 0.1% |
+1,800
| New | +$394K |
2026 Q2
0 quarters
|
|
90
PNC Financial Services
PNC
$87.6B
| $419K | 0.1% |
+1,700
| New | +$381K |
2026 Q2
0 quarters
|
|
91
Northern Trust
NTRS
$30.6B
| $417K | 0.1% |
+2,400
| New | +$395K |
2026 Q2
0 quarters
|
|
92
Wheeler Real Estate Investment Trust 7.00% Senior Subordinated Convertible Notes Due 2031
WHLRL
| – | – |
-5,271
| Closed | -$426K | – |
|
93
Taiwan Fund
TWN
$591M
| $400K | 0.1% |
4,164
-14,406
| -78% | -$1.3M |
2026 Q1
1 quarter
|
|
94
Cabaletta Bio
CABA
$287M
| $392K | 0.09% |
125,900
-211,491
| -63% | -$696K |
2025 Q1
5 quarters
|
|
95
Chimera Investment
CIM
$733M
| $389K | 0.09% |
29,177
| – | – |
2025 Q4
2 quarters
|
|
96
Truist Financial
TFC
$56.1B
| $389K | 0.09% |
+7,800
| New | +$384K |
2026 Q2
0 quarters
|
|
|
VFL
97
DELISTED
abrdn National Municipal Income Fund
VFL
| $386K | 0.09% |
+37,221
| New | +$379K |
2026 Q2
0 quarters
|
|
98
Eaton Vance Senior Income Trust
EVF
$87.8M
| $372K | 0.09% |
74,751
+31,827
| +74% | +$158K |
2025 Q4
2 quarters
|
|
99
Aberdeen Multi-Market Income Fund
MMT
$229M
| $366K | 0.09% |
+83,238
| New | +$377K |
2026 Q2
0 quarters
|
|
100
Franco-Nevada
FNV
$47B
| $352K | 0.08% |
+1,690
| New | +$394K |
2026 Q2
0 quarters
|
|
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CIM
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VA
CWM
Almitas Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Almitas Capital held 150 positions worth $417M, down 5.7% from $443M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Almitas Capital withdrew a net $24.7M in Q2 2026, closing 21 positions and reducing 22 holdings. Its most notable exit was Nuveen Pennsylvania Quality Municipal Income Fund, an estimated $12.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 69% of assets, up from 66% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Almitas Capital opened a new position in Tortoise Energy Infrastructure Corp worth $6.94M.
- Almitas Capital's largest Q2 2026 buy was Tortoise Energy Infrastructure Corp: 161,872 shares worth $6.94M.
- Almitas Capital added most to ASA Gold and Precious Metals in Q2 2026, an estimated $6.48M increase.
- Almitas Capital's biggest Q2 2026 reduction was Amylyx Pharmaceuticals, cutting an estimated $17.7M.
- Almitas Capital fully exited Nuveen Pennsylvania Quality Municipal Income Fund in Q2 2026, selling an estimated $12.6M.
- Almitas Capital's ten largest holdings make up 52% of its $417M portfolio in Q2 2026.
- Almitas Capital opened 35 new positions and closed 21 in Q2 2026.
- Almitas Capital's portfolio value fell 5.7% quarter-over-quarter to $417M.
Based on Almitas Capital's 13F filing for Q2 2026, filed 17 Aug 2026.