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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
+1.99%
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
CUK
101
DELISTED
Carnival PLC
CUK
– –
-418
Closed -$3K
DMA
102
Destra Multi-Alternative Fund
DMA
$67.7M
– –
-7,375
Closed -$50.4K
DMO
103
Western Asset Mortgage Opportunity Fund
DMO
$118M
– –
-1,030
Closed -$11.1K
EEA
104
European Equity Fund
EEA
$73.6M
– –
-2,923
Closed -$21.9K
ESNT icon
105
Essent Group
ESNT
$6.28B
– –
-4,305
Closed -$167K
FAX
106
abrdn Asia-Pacific Income Fund
FAX
$592M
– –
-87,237
Closed -$1.38M
FMN
107
Federated Hermes Premier Municipal Income Fund
FMN
$87.2M
– –
-8,200
Closed -$86.1K
FSK icon
108
FS KKR Capital
FSK
$3.01B
– –
-62,035
Closed -$1.09M
GBLI icon
109
Global Indemnity Group
GBLI
$402M
– –
-4,922
Closed -$115K
GDO
110
Western Asset Global Corporate Defined Opportunity Fund
GDO
$76.7M
– –
-477
Closed -$6.09K
GHY
111
PGIM Global High Yield Fund
GHY
$476M
– –
-20,811
Closed -$226K
GPMT
112
Granite Point Mortgage Trust
GPMT
$63.7M
– –
-25,353
Closed -$136K
IDE
113
Voya Infrastructure, Industrials and Materials Fund
IDE
$195M
– –
-9,200
Closed -$84.4K
IGI
114
Western Asset Investment Grade Defined Opportunity Trust
IGI
$94.1M
– –
-10,700
Closed -$174K
JFR icon
115
Nuveen Floating Rate Income Fund
JFR
$1.23B
– –
-59,595
Closed -$472K
KYN icon
116
Kayne Anderson Energy Infrastructure Fund
KYN
$2.42B
– –
-80,052
Closed -$685K
MUC icon
117
BlackRock MuniHoldings California Quality Fund
MUC
$1B
– –
-30,800
Closed -$331K
NMAI icon
118
Nuveen Multi-Asset Income Fund
NMAI
$456M
– –
-5,411
Closed -$62.2K
NML
119
Neuberger Energy Infrastructure and Income Fund Inc
NML
$572M
– –
-11,137
Closed -$74.2K
NRK icon
120
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
– –
-126,972
Closed -$1.3M
PDX
121
PIMCO Dynamic Income Strategy Fund
PDX
$942M
– –
-31,550
Closed -$471K
PEO
122
Adams Natural Resources Fund
PEO
$731M
– –
-312
Closed -$6.54K
PMT
123
PennyMac Mortgage Investment
PMT
$845M
– –
-2,241
Closed -$27.8K
SCD
124
LMP Capital and Income Fund
SCD
$351M
– –
-5,575
Closed -$67.1K
SRV
125
NXG Cushing Midstream Energy Fund
SRV
$211M
– –
-41,998
Closed -$1.41M
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
DBG
De Burlo Group Boston, Massachusetts $441M AUM 21.21% 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.