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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
+1.58%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$234M
AUM Growth
+$24.7M
Cap. Flow
+$7.57M
Cap. Flow %
3.24%
Top 10 Hldgs %
48.23%
Holding
118
New
21
Increased
42
Reduced
15
Closed
26

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$8.78M
2
HIE
Miller/Howard High Income Equity Fund
HIE
+$7.93M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$4.06M
4
BBDC icon
Barings BDC
BBDC
+$3.87M
5
NPCT icon
Nuveen Core Plus Impact Fund
NPCT
+$3.16M

Top Sells

Rank Stock Value
1
BRSP
BrightSpire Capital
BRSP
+$6.92M
2
PNNT
Pennant Park Investment Corp
PNNT
+$6.53M
3
NIQ
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
+$6.17M
4
CCIF
Carlyle Credit Income Fund
CCIF
+$5.36M
5
FSCO
FS Credit Opportunities Corp
FSCO
+$4.06M

Sector Composition

Rank Sector Weight
1 Real Estate 14.59%
2 Financials 6.48%
3 Communication Services 0.42%
4 Technology 0.32%
5 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MXE
76
Mexico Equity and Income Fund
MXE
$57.6M
$274K 0.12%
25,653
+100
+0.4% +$1K
WHLRL
77
Wheeler Real Estate Investment Trust 7.00% Senior Subordinated Convertible Notes Due 2031
WHLRL
$264K 0.11%
+5,272
New +$229K
DX
78
Dynex Capital
DX
$2.99B
$261K 0.11%
19,968
-150,840
-88% -$1.76M
WMC
79
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$246K 0.11%
24,855
-105,502
-81% -$916K
NBO
80
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
$245K 0.1%
+25,412
New +$243K
FDEU
81
DELISTED
First Trust Dynamic Europe Equity Income Fund
FDEU
$234K 0.1%
+17,198
New +$223K
IGI
82
Western Asset Investment Grade Defined Opportunity Trust
IGI
$94.9M
$217K 0.09%
+13,118
New +$217K
C icon
83
Citigroup
C
$222B
$214K 0.09%
4,500
– –
TIPT icon
84
Tiptree Inc
TIPT
$668M
$194K 0.08%
13,120
– –
HFRO
85
Highland Opportunities and Income Fund
HFRO
$407M
$188K 0.08%
+22,078
New +$193K
VEL icon
86
Velocity Financial
VEL
$683M
$150K 0.06%
12,120
– –
JFR icon
87
Nuveen Floating Rate Income Fund
JFR
$1.23B
$88.4K 0.04%
+10,941
New +$87.9K
GLO
88
Clough Global Opportunities Fund
GLO
$249M
$67.4K 0.03%
+13,140
New +$63K
AGRO icon
89
Adecoagro
AGRO
$1.53B
– –
-69,592
Closed -$563K
CCAP icon
90
Crescent Capital BDC
CCAP
$399M
– –
-136,780
Closed -$1.86M
CCIF
91
Carlyle Credit Income Fund
CCIF
$56.4M
– –
-546,229
Closed -$5.36M
DHY
92
Credit Suisse High Yield Credit Fund
DHY
$238M
– –
-50,000
Closed -$94.5K
EMD
93
Western Asset Emerging Markets Debt Fund
EMD
$609M
– –
-59,346
Closed -$510K
FCT
94
First Trust Senior Floating Rate Income Fund II
FCT
$251M
– –
-88,191
Closed -$878K
FGB
95
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
– –
-61,254
Closed -$192K
FTHY
96
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$499M
– –
-44,293
Closed -$618K
GF
97
New Germany Fund
GF
$184M
– –
-15,100
Closed -$137K
GLQ
98
Clough Global Equity Fund
GLQ
$154M
– –
-36,637
Closed -$222K
JLS icon
99
Nuveen Mortgage and Income Fund
JLS
$94.5M
– –
-59,890
Closed -$956K
JQC icon
100
Nuveen Credit Strategies Income Fund
JQC
$702M
– –
-35,850
Closed -$183K
1 2 3
4
5

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
GWM
GSB Wealth Management Guilford, Connecticut $443M AUM 17.59% 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

Almitas Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Almitas Capital held 118 positions worth $234M, up 12% from $209M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Almitas Capital deployed $7.57M of net new capital in Q2 2023, opening 21 new positions and adding to 42 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 280,447 shares worth $2.35M.

By sector, the portfolio is most concentrated in Real Estate at 15% of assets, down from 17% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was BrightSpire Capital, an estimated $6.92M trimmed.

  • Almitas Capital's largest Q2 2023 buy was abrdn Total Dynamic Dividend Fund: 280,447 shares worth $2.35M.
  • Almitas Capital added most to Annaly Capital Management in Q2 2023, an estimated $8.78M increase.
  • Almitas Capital's biggest Q2 2023 reduction was BrightSpire Capital, cutting an estimated $6.92M.
  • Almitas Capital fully exited Pennant Park Investment Corp in Q2 2023, selling an estimated $6.53M.
  • Almitas Capital's ten largest holdings make up 48% of its $234M portfolio in Q2 2023.
  • Almitas Capital opened 21 new positions and closed 26 in Q2 2023.
  • Almitas Capital's portfolio value rose 12% quarter-over-quarter to $234M.

Based on Almitas Capital's 13F filing for Q2 2023, filed 11 Aug 2023.