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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
KTF
101
DWS Municipal Income Trust
KTF
$346M
– –
-10,708
Closed -$95.3K
MCI
102
Barings Corporate Investors
MCI
$340M
– –
-104,971
Closed -$1.49M
MEGI
103
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$786M
– –
-23,972
Closed -$340K
MPA icon
104
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$142M
– –
-55,167
Closed -$648K
MSD
105
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
– –
-33,060
Closed -$213K
NAC icon
106
Nuveen California Quality Municipal Income Fund
NAC
$1.83B
– –
-13,600
Closed -$150K
OPP
107
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$191M
– –
-27,526
Closed -$233K
ORC
108
Orchid Island Capital
ORC
$1.31B
– –
-132,419
Closed -$1.42M
PHD
109
DELISTED
Pioneer Floating Rate Fund
PHD
– –
-10,000
Closed -$87K
PNNT
110
Pennant Park Investment Corp
PNNT
$215M
– –
-1,236,092
Closed -$6.53M
TEI
111
Templeton Emerging Markets Income Fund
TEI
$310M
– –
-121,994
Closed -$619K
AFT
112
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
– –
-16,801
Closed -$212K
NIQ
113
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
– –
-482,996
Closed -$6.17M
DCF
114
DELISTED
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
DCF
– –
-37,460
Closed -$284K
1 2 3 4
5

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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.