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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 | |
|---|---|---|---|---|---|---|---|
101
Destra Multi-Alternative Fund
DMA
$67.1M
| $338K | 0.08% |
45,193
| – | – |
2026 Q1
1 quarter
|
|
102
Duff & Phelps Utility and Infrastructure Fund
DPG
$476M
| $335K | 0.08% |
22,565
| – | – |
2026 Q1
1 quarter
|
|
103
New Mountain Finance
NMFC
$634M
| $323K | 0.08% |
45,000
| – | – |
2025 Q4
2 quarters
|
|
104
Morgan Stanley Direct Lending Fund
MSDL
$1.11B
| $302K | 0.07% |
20,000
| – | – |
2025 Q4
2 quarters
|
|
105
Regions Financial
RF
$23B
| $302K | 0.07% |
+10,000
| New | +$281K |
2026 Q2
0 quarters
|
|
106
abrdn Life Sciences Investors
HQL
$525M
| $298K | 0.07% |
14,875
| – | – |
2025 Q4
2 quarters
|
|
107
BlackRock Limited Duration Income Trust
BLW
$457M
| $298K | 0.07% |
+23,822
| New | +$299K |
2026 Q2
0 quarters
|
|
108
Eos Energy Enterprises
EOSE
$845M
| $294K | 0.07% |
+50,000
| New | +$348K |
2026 Q2
0 quarters
|
|
109
PLAYSTUDIOS Inc
MYPS
$46.7M
| $289K | 0.07% |
57,947
-412,506
| -88% | -$1.99M |
2025 Q3
3 quarters
|
|
110
Kayne Anderson Energy Infrastructure Fund
KYN
$2.43B
| $288K | 0.07% |
+20,799
| New | +$288K |
2026 Q2
0 quarters
|
|
111
BlackRock TCP Capital
TCPC
$334M
| $286K | 0.07% |
85,000
| – | – |
2025 Q4
2 quarters
|
|
112
FS KKR Capital
FSK
$2.96B
| $284K | 0.07% |
27,031
-84,569
| -76% | -$910K |
2025 Q4
2 quarters
|
|
113
Blackstone Long-Short Credit Income Fund
BGX
$134M
| $273K | 0.07% |
25,085
| – | – |
2026 Q1
1 quarter
|
|
114
Golub Capital BDC
GBDC
$3.14B
| $258K | 0.06% |
20,000
| – | – |
2025 Q4
2 quarters
|
|
115
BlackRock Multi-Sector Income Trust
BIT
$642M
| $245K | 0.06% |
19,543
| – | – |
2025 Q3
3 quarters
|
|
116
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.05B
| $244K | 0.06% |
25,276
+11,504
| +84% | +$107K |
2026 Q1
1 quarter
|
|
117
John Hancock Premium Dividend Fund
PDT
$584M
| $208K | 0.05% |
+16,037
| New | +$208K |
2026 Q2
0 quarters
|
|
118
BNY Mellon High Yield Strategies Fund
DHF
$159M
| $193K | 0.05% |
79,665
+400
| +0.5% | +$968 |
2026 Q1
1 quarter
|
|
119
BlackRock Credit Allocation Income Trust
BTZ
$877M
| $191K | 0.05% |
+18,660
| New | +$191K |
2026 Q2
0 quarters
|
|
120
Bain Capital Specialty
BCSF
$689M
| $188K | 0.05% |
15,000
| – | – |
2025 Q4
2 quarters
|
|
121
UBS Asset Management Income Fund, Inc.
CIK
$127M
| $155K | 0.04% |
+62,565
| New | +$158K |
2026 Q2
0 quarters
|
|
122
BlackRock Core Bond Trust
BHK
$594M
| $154K | 0.04% |
+16,812
| New | +$153K |
2026 Q2
0 quarters
|
|
123
Cohen & Steers Total Return Realty Fund
RFI
$279M
| $152K | 0.04% |
+13,443
| New | +$153K |
2026 Q2
0 quarters
|
|
124
Nuveen Credit Strategies Income Fund
JQC
$676M
| $136K | 0.03% |
+28,041
| New | +$135K |
2026 Q2
0 quarters
|
|
125
BlackRock MuniHoldings California Quality Fund
MUC
$1.22B
| $131K | 0.03% |
11,900
| – | – |
2026 Q1
1 quarter
|
|
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EWM
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CIM
MWM
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.