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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
+7.03%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$290M
AUM Growth
+$81.4M
Cap. Flow
+$58.8M
Cap. Flow %
20.26%
Top 10 Hldgs %
42.84%
Holding
133
New
45
Increased
46
Reduced
16
Closed
17

Top Buys

Rank Stock Value
1
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$16.6M
2
BKCC
BlackRock Capital Investment Corporation
BKCC
+$7.54M
3
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.05M
4
SDHY
PGIM Short Duration High Yield Opportunities Fund
SDHY
+$4.99M
5
ORC
Orchid Island Capital
ORC
+$4.75M

Top Sells

Rank Stock Value
1
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$12M
2
CEN
Center Coast Brookfield MLP & Energy Infrastructure Fund
CEN
+$6.27M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$5.71M
4
JHAA
Nuveen Corporate Income 2023 Target Term Fund
JHAA
+$3.95M
5
FDEU
First Trust Dynamic Europe Equity Income Fund
FDEU
+$3.94M

Sector Composition

Rank Sector Weight
1 Real Estate 6.89%
2 Financials 4.81%
3 Healthcare 0.94%
4 Communication Services 0%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VEL icon
101
Velocity Financial
VEL
$698M
$209K 0.07%
12,120
– –
FMN
102
Federated Hermes Premier Municipal Income Fund
FMN
$86.9M
$196K 0.07%
+17,873
New +$179K
FGB
103
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$165K 0.06%
45,984
+33,850
+279% +$111K
PNF
104
DELISTED
PIMCO New York Municipal Income Fund
PNF
$161K 0.06%
+20,428
New +$149K
NAZ icon
105
Nuveen Arizona Quality Municipal Income Fund
NAZ
$155M
$128K 0.04%
+11,964
New +$120K
VKQ icon
106
Invesco Municipal Trust
VKQ
$541M
$127K 0.04%
+13,365
New +$118K
TEAF
107
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
$121K 0.04%
10,292
-22,321
-68% -$261K
SPPP
108
Sprott Physical Platinum and Palladium Trust
SPPP
$566M
$119K 0.04%
+11,800
New +$119K
NPV icon
109
Nuveen Virginia Quality Municipal Income Fund
NPV
$214M
$114K 0.04%
+10,571
New +$105K
TEI
110
Templeton Emerging Markets Income Fund
TEI
$314M
$86.8K 0.03%
17,010
-78
-0.5% -$374
WIA
111
Western Asset Inflation-Linked Income Fund
WIA
$185M
$84.3K 0.03%
+10,379
New +$82.1K
DHF
112
BNY Mellon High Yield Strategies Fund
DHF
$171M
$80.8K 0.03%
+35,268
New +$77.6K
EARN
113
Ellington Residential Mortgage REIT
EARN
$167M
$71.6K 0.02%
11,683
-19,509
-63% -$115K
PCK
114
DELISTED
Pimco California Municipal Income Fund II
PCK
$61.8K 0.02%
+10,663
New +$57.3K
BBDC icon
115
Barings BDC
BBDC
$885M
– –
-11,747
Closed -$105K
EMO
116
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.02B
– –
-21,953
Closed -$696K
GLQ
117
Clough Global Equity Fund
GLQ
$152M
– –
-31,323
Closed -$172K
MFA
118
MFA Financial
MFA
$935M
– –
-220,471
Closed -$2.12M
MFM
119
Aberdeen Municipal Income Fund
MFM
$221M
– –
-56,434
Closed -$257K
MPV
120
Barings Participation Investors
MPV
$173M
– –
-35,183
Closed -$473K
RDI icon
121
Reading International Class A
RDI
$33.2M
– –
-320,584
Closed -$680K
SABA
122
Saba Capital Income & Opportunities Fund II
SABA
$221M
– –
-1,548,908
Closed -$12M
SFE
123
DELISTED
Safeguard Scientifics, Inc.
SFE
– –
-257,491
Closed -$257K
AAIC
124
DELISTED
Arlington Asset Investment Corp.
AAIC
– –
-285,885
Closed -$1.22M
JHAA
125
DELISTED
Nuveen Corporate Income 2023 Target Term Fund
JHAA
– –
-413,984
Closed -$3.95M
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
TAS
TIFF Advisory Services Radnor, Pennsylvania $444M AUM 24.8% 1-Year Est. Return

Almitas Capital's Q4 2023 Portfolio in Review

As of Q4 2023, Almitas Capital held 133 positions worth $290M, up 39% from $209M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Almitas Capital deployed $58.8M of net new capital in Q4 2023, opening 45 new positions and adding to 46 existing holdings. Its largest new stake was Orchid Island Capital: 637,430 shares worth $5.37M.

By sector, the portfolio is most concentrated in Real Estate at 6.9% of assets, down from 8.3% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was BlackRock ESG Capital Allocation Term Trust, an estimated $5.71M trimmed.

  • Almitas Capital's largest Q4 2023 buy was Orchid Island Capital: 637,430 shares worth $5.37M.
  • Almitas Capital added most to BlackRock Health Sciences Trust II in Q4 2023, an estimated $16.6M increase.
  • Almitas Capital's biggest Q4 2023 reduction was BlackRock ESG Capital Allocation Term Trust, cutting an estimated $5.71M.
  • Almitas Capital fully exited Saba Capital Income & Opportunities Fund II in Q4 2023, selling an estimated $12M.
  • Almitas Capital's ten largest holdings make up 43% of its $290M portfolio in Q4 2023.
  • Almitas Capital opened 45 new positions and closed 17 in Q4 2023.
  • Almitas Capital's portfolio value rose 39% quarter-over-quarter to $290M.

Based on Almitas Capital's 13F filing for Q4 2023, filed 14 Feb 2024.