Almitas Capital Portfolio holdings

AUM $301M

AUM

$301M

AUM Growth

-$154M (-34%)

Cap. Flow

-$12.4M

Cap. Flow % of AUM

-4.1%

Top 10 Holdings %Top 10 Hldgs %

67.47%

Holding

106

New

Increased

Reduced

Closed

Top Buys

1	Cannae Holdings CNNE	$2.63M
2	Nektar Therapeutics NKTR	$2.51M
3	DMF BNY Mellon Municipal Income DMF	$1.98M
4	Madison Square Garden MSGS	$1.93M
5	PCQ Pimco California Municipal Income Fund PCQ	$1.81M

Top Sells

1	BlackRock Health Sciences Trust II BMEZ	$16.9M
2	TYG Tortoise Energy Infrastructure Corp TYG	$9.32M
3	Fidelity Wise Origin Bitcoin Fund FBTC	$5.73M
4	SDHY PGIM Short Duration High Yield Opportunities Fund SDHY	$4.38M
5	ZTR Virtus Total Return Fund ZTR	$2.34M

Sector Composition

1	Healthcare	10.11%
2	Real Estate	2.15%
3	Financials	1.82%
4	Consumer Discretionary	0.87%
5	Communication Services	0.64%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	HEQ 76 John Hancock Hedged Equity & Income Fund HEQ $127M	$132K	0.04%	12,667	New	+$132K
77	GGZ 77 Gabelli Global Small and Mid-Cap Value Trust GGZ $104M	$130K	0.04%	10,800	New	+$130K
78	PYN 78 PIMCO New York Municipal Income Fund III PYN $30.4M	$71.1K	0.02%	12,603	New	+$71.1K
79	HPP 79 Hudson Pacific Properties HPP $280M	$52.3K	0.02%	17,729 -70,912	-80%	-$209K
80	ACP 80 abrdn Income Credit Strategies Fund ACP $737M	$0	0%	0 -31,000	Closed	–
81	AEF 81 abrdn Emerging Markets Equity Income Fund AEF $223M	$0	0%	0 -26,327	Closed	–
82	AGD 82 abrdn Global Dynamic Dividend Fund AGD $259M	$0	0%	0 -27,094	Closed	–
83	AOD 83 abrdn Total Dynamic Dividend Fund AOD $896M	$0	0%	0 -59,751	Closed	–
84	84 BlackRock Investment Quality Municipal Trust BKN $185M	$0	0%	0 -29,325	Closed	–
85	85 BlackRock New York Municipal Income Trust BNY $233M	$0	0%	0 -28,553	Closed	–
86	DX 86 Dynex Capital DX $1.3B	$0	0%	0 -159,392	Closed	–
87	87 BlackRock ESG Capital Allocation Term Trust ECAT $1.57B	$0	0%	0 -331,140	Closed	–
88	GLV 88 Clough Global Dividend & Income Fund GLV $68.6M	$0	0%	0 -19,617	Closed	–
89	HYI 89 Western Asset High Yield Defined Opportunity Fund HYI $268M	$0	0%	0 -64,498	Closed	–
90	IFN 90 India Fund IFN $656M	$0	0%	0 -51,700	Closed	–
91	91 Annaly Capital Management NLY $11.6B	$0	0%	0 -390,718	Closed	–
92	92 Blue Owl Capital OBDC $7.49B	$0	0%	0	–	–
93	PNF 93 PIMCO New York Municipal Income Fund PNF $54.5M	$0	0%	0 -20,862	Closed	–
94	PSTL 94 Postal Realty Trust PSTL $330M	$0	0%	0 -66,668	Closed	–
95	SLRN 95 DELISTED ACELYRIN SLRN	$0	0%	0 -148,704	Closed	–
96	THQ 96 abrdn Healthcare Opportunities Fund THQ $748M	$0	0%	0 -18,991	Closed	–
97	THW 97 abrdn World Healthcare Fund THW $395M	$0	0%	0 -34,575	Closed	–
98	TPZ 98 Tortoise Power & Energy Infrastructure Fund TPZ $117M	$0	0%	0 -576,065	Closed	–
99	TWO 99 Two Harbors Investment TWO $1.16B	$0	0%	0 -437,374	Closed	–
100	ETH 100 Grayscale Ethereum Mini Trust ETF ETH $1.27B	$0	0%	0 -515,011	Closed	–