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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
+15.52%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$456M
AUM Growth
+$173M
(+61%)
Cap. Flow
+$144M
Cap. Flow
% of AUM
31.61%
Top 10 Holdings %
Top 10 Hldgs %
67%
Holding
112
New
44
Increased
25
Reduced
13
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$44.7M |
| 2 |
FETH
Fidelity Ethereum Fund
FETH
|
+$28.9M |
| 3 |
OBDE
Blue Owl Capital Corporation III
OBDE
|
+$27.8M |
| 4 |
BlackRock Municipal 2030 Target Term Trust
BTT
|
+$20.4M |
| 5 |
ETH
Grayscale Ethereum Staking Mini ETF Shares
ETH
|
+$14.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HIE
Miller/Howard High Income Equity Fund
HIE
|
+$13.6M |
| 2 |
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
|
+$10.2M |
| 3 |
MMD
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
|
+$9.89M |
| 4 |
IGI
Western Asset Investment Grade Defined Opportunity Trust
IGI
|
+$6.1M |
| 5 |
TTP
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
|
+$5.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 7.84% |
| 2 | Real Estate | 4.46% |
| 3 | Financials | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| – | – |
-500
| Closed | -$287K |
|
102
Vanguard S&P 500 ETF
VOO
$971B
| – | – |
-970
| Closed | -$512K |
|
|
RPT
103
Rithm Property Trust
RPT
$95.8M
| – | – |
-59,011
| Closed | -$1.18M |
|
|
OMCC
104
DELISTED
Old Market Capital Corp
OMCC
| – | – |
-62,997
| Closed | -$400K |
|
|
SPRB
105
Spruce Biosciences
SPRB
$114M
| – | – |
-5,287
| Closed | -$188K |
|
|
NDP
106
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
| – | – |
-42,888
| Closed | -$1.61M |
|
|
HIE
107
DELISTED
Miller/Howard High Income Equity Fund
HIE
| – | – |
-1,119,524
| Closed | -$13.6M |
|
|
KSM
108
DELISTED
DWS Strategic Municipal Income Trust
KSM
| – | – |
-311,210
| Closed | -$3.17M |
|
|
NTG
109
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
| – | – |
-214,984
| Closed | -$10.2M |
|
|
TTP
110
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
| – | – |
-120,470
| Closed | -$5.08M |
|
|
DCF
111
DELISTED
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
DCF
| – | – |
-123,756
| Closed | -$1.14M |
|
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HBT
EFMC
BFA
CP
CMP
PLU
TC
TAS
Almitas Capital's Q4 2024 Portfolio in Review
As of Q4 2024, Almitas Capital held 112 positions worth $456M, up 61% from $283M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Almitas Capital deployed $144M of net new capital in Q4 2024, opening 44 new positions and adding to 25 existing holdings. Its largest new stake was Fidelity Ethereum Fund: 941,057 shares worth $31.4M.
By sector, the portfolio is most concentrated in Healthcare at 7.8% of assets, down from 8.9% a quarter earlier, followed by Real Estate and Financials.
On the sell side, the largest reduction was Nuveen Pennsylvania Quality Municipal Income Fund, an estimated $4.09M trimmed.
- Almitas Capital's largest Q4 2024 buy was Fidelity Ethereum Fund: 941,057 shares worth $31.4M.
- Almitas Capital added most to Fidelity Wise Origin Bitcoin Fund in Q4 2024, an estimated $44.7M increase.
- Almitas Capital's biggest Q4 2024 reduction was Nuveen Pennsylvania Quality Municipal Income Fund, cutting an estimated $4.09M.
- Almitas Capital fully exited Miller/Howard High Income Equity Fund in Q4 2024, selling an estimated $13.6M.
- Almitas Capital's ten largest holdings make up 67% of its $456M portfolio in Q4 2024.
- Almitas Capital opened 44 new positions and closed 20 in Q4 2024.
- Almitas Capital's portfolio value rose 61% quarter-over-quarter to $456M.
Based on Almitas Capital's 13F filing for Q4 2024, filed 14 Feb 2025.