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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
+1.99%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$209M
AUM Growth
-$7.72M
Cap. Flow
-$17.6M
Cap. Flow %
-8.42%
Top 10 Hldgs %
47%
Holding
147
New
21
Increased
31
Reduced
26
Closed
50

Top Buys

Rank Stock Value
1
BRSP
BrightSpire Capital
BRSP
+$12.2M
2
BFZ
BlackRock CA Municipal Income Trust
BFZ
+$8.42M
3
NPCT icon
Nuveen Core Plus Impact Fund
NPCT
+$6.7M
4
NLY icon
Annaly Capital Management
NLY
+$4.8M
5
NIQ
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
+$4.67M

Top Sells

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$12.8M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$9.48M
3
PNNT
Pennant Park Investment Corp
PNNT
+$6.82M
4
NID
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
+$5.83M
5
ORC
Orchid Island Capital
ORC
+$4.18M

Sector Composition

Rank Sector Weight
1 Real Estate 17.32%
2 Financials 10.85%
3 Communication Services 0.58%
4 Consumer Staples 0.27%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MXE
76
Mexico Equity and Income Fund
MXE
$57.3M
$257K 0.12%
25,553
– –
SPE
77
Special Opportunities Fund
SPE
$139M
$245K 0.12%
+23,407
New +$255K
OPP
78
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$190M
$233K 0.11%
+27,526
New +$238K
GLQ
79
Clough Global Equity Fund
GLQ
$151M
$222K 0.11%
+36,637
New +$226K
MSD
80
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$213K 0.1%
33,060
+16,160
+96% +$108K
AFT
81
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$212K 0.1%
+16,801
New +$217K
C icon
82
Citigroup
C
$214B
$211K 0.1%
4,500
– –
SDHY
83
PGIM Short Duration High Yield Opportunities Fund
SDHY
$393M
$202K 0.1%
13,654
+7,734
+131% +$118K
FGB
84
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$192K 0.09%
+61,254
New +$198K
TIPT icon
85
Tiptree Inc
TIPT
$694M
$191K 0.09%
13,120
-14,180
-52% -$216K
JQC icon
86
Nuveen Credit Strategies Income Fund
JQC
$707M
$183K 0.09%
+35,850
New +$188K
NAC icon
87
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
$150K 0.07%
13,600
-98,656
-88% -$1.1M
GF
88
New Germany Fund
GF
$182M
$137K 0.07%
15,100
– –
VEL icon
89
Velocity Financial
VEL
$695M
$109K 0.05%
12,120
– –
GLV
90
Clough Global Dividend & Income Fund
GLV
$77.7M
$106K 0.05%
+18,338
New +$112K
KTF
91
DWS Municipal Income Trust
KTF
$346M
$95.3K 0.05%
+10,708
New +$94.2K
DHY
92
Credit Suisse High Yield Credit Fund
DHY
$240M
$94.5K 0.05%
+50,000
New +$93.5K
PHD
93
DELISTED
Pioneer Floating Rate Fund
PHD
$87K 0.04%
+10,000
New +$90.1K
ADX icon
94
Adams Diversified Equity Fund
ADX
$3.04B
– –
-84,247
Closed -$1.22M
ASA
95
ASA Gold and Precious Metals
ASA
$952M
– –
-162,811
Closed -$2.33M
ASGI
96
abrdn Global Infrastructure Income Fund
ASGI
$739M
– –
-14,780
Closed -$252K
BCAT icon
97
BlackRock Capital Allocation Term Trust
BCAT
$1.62B
– –
-925,786
Closed -$12.8M
BGB
98
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
– –
-57,362
Closed -$607K
BGX
99
Blackstone Long-Short Credit Income Fund
BGX
$135M
– –
-24,429
Closed -$265K
BNY
100
DELISTED
BlackRock New York Municipal Income Trust
BNY
– –
-4,200
Closed -$42.3K
2 3
4
5 6

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 Q1 2023 Portfolio in Review

As of Q1 2023, Almitas Capital held 147 positions worth $209M, down 3.6% from $217M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Almitas Capital withdrew a net $17.6M in Q1 2023, closing 50 positions and reducing 26 holdings. Its most notable exit was BlackRock Capital Allocation Term Trust, an estimated $12.8M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 17% of assets, up from 14% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Almitas Capital opened a new position in BlackRock CA Municipal Income Trust worth $8.75M.

  • Almitas Capital's largest Q1 2023 buy was BlackRock CA Municipal Income Trust: 748,173 shares worth $8.75M.
  • Almitas Capital added most to BrightSpire Capital in Q1 2023, an estimated $12.2M increase.
  • Almitas Capital's biggest Q1 2023 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $9.48M.
  • Almitas Capital fully exited BlackRock Capital Allocation Term Trust in Q1 2023, selling an estimated $12.8M.
  • Almitas Capital's ten largest holdings make up 47% of its $209M portfolio in Q1 2023.
  • Almitas Capital opened 21 new positions and closed 50 in Q1 2023.
  • Almitas Capital's portfolio value fell 3.6% quarter-over-quarter to $209M.

Based on Almitas Capital's 13F filing for Q1 2023, filed 15 May 2023.