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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
-2.62%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$209M
AUM Growth
-$25.1M
Cap. Flow
-$11.9M
Cap. Flow %
-5.72%
Top 10 Hldgs %
48.49%
Holding
108
New
18
Increased
28
Reduced
27
Closed
20

Top Buys

Rank Stock Value
1
PDX
PIMCO Dynamic Income Strategy Fund
PDX
+$4.08M
2
FDEU
First Trust Dynamic Europe Equity Income Fund
FDEU
+$3.91M
3
AJXA
Great Ajax Corp.7.25% Convertible Senior Notes due 2024
AJXA
+$2.63M
4
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$2.54M
5
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$2.22M

Top Sells

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$13.6M
2
BBDC icon
Barings BDC
BBDC
+$5.13M
3
MPV
Barings Participation Investors
MPV
+$3.18M
4
GER
Goldman Sachs MLP Energy Renaissance Fund
GER
+$2.49M
5
BFZ
BlackRock CA Municipal Income Trust
BFZ
+$2.37M

Sector Composition

Rank Sector Weight
1 Real Estate 8.34%
2 Financials 3.4%
3 Technology 1.23%
4 Communication Services 0.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NSL
101
DELISTED
NUVEEN SENIOR INCM FD
NSL
– –
-229,436
Closed -$1.06M
GER
102
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
– –
-159,089
Closed -$2.49M
TTP
103
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
– –
-16,131
Closed -$472K
NBO
104
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
– –
-25,412
Closed -$245K
JSD
105
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
– –
-129,962
Closed -$1.51M
JRO
106
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
– –
-75,648
Closed -$596K
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
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 Q3 2023 Portfolio in Review

As of Q3 2023, Almitas Capital held 108 positions worth $209M, down 11% from $234M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Almitas Capital withdrew a net $11.9M in Q3 2023, closing 20 positions and reducing 27 holdings. Its most notable exit was Annaly Capital Management, an estimated $13.6M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 8.3% of assets, down from 15% a quarter earlier, followed by Financials and Technology.

Against the trend, Almitas Capital opened a new position in Destra Multi-Alternative Fund worth $2.13M.

  • Almitas Capital's largest Q3 2023 buy was Destra Multi-Alternative Fund: 356,014 shares worth $2.13M.
  • Almitas Capital added most to PIMCO Dynamic Income Strategy Fund in Q3 2023, an estimated $4.08M increase.
  • Almitas Capital's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $5.13M.
  • Almitas Capital fully exited Annaly Capital Management in Q3 2023, selling an estimated $13.6M.
  • Almitas Capital's ten largest holdings make up 48% of its $209M portfolio in Q3 2023.
  • Almitas Capital opened 18 new positions and closed 20 in Q3 2023.
  • Almitas Capital's portfolio value fell 11% quarter-over-quarter to $209M.

Based on Almitas Capital's 13F filing for Q3 2023, filed 14 Nov 2023.