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Almitas Capital Portfolio holdings
AUM
$417M
1-Year Est. Return
22.81%
This Fund
S&P 500
This Quarter
Est. Return
+10.57%
1 Year Est. Return
+22.81%
3 Year Est. Return
+86.09%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$140M
AUM Growth
-$8.43M
(-5.7%)
Cap. Flow
-$22M
Cap. Flow
% of AUM
-15.73%
Top 10 Holdings %
Top 10 Hldgs %
58.08%
Holding
97
New
12
Increased
24
Reduced
17
Closed
37
Avg Time Held
0.8
quarters
Top 10 Avg Time Held
0.7
quarters
Top 20 Avg Time Held
0.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ready Capital
RC
|
+$10.2M |
| 2 |
BlackRock Debt Strategies Fund
DSU
|
+$3.28M |
| 3 |
BrandywineGLOBAL Global Income Opportunities Fund
BWG
|
+$2.53M |
| 4 |
BlackRock CA Municipal Income Trust
BFZ
|
+$2.32M |
| 5 |
SFE
Safeguard Scientifics, Inc.
SFE
|
+$1.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ORM
Owens Realty Mortgage, Inc.
ORM
|
+$8.42M |
| 2 |
MFA Financial
MFA
|
+$4.42M |
| 3 |
BGIO
BlackRock 2022 Global Income Opportunity Trust
BGIO
|
+$3.42M |
| 4 |
SiriusPoint
SPNT
|
+$3.27M |
| 5 |
Western Asset Emerging Markets Debt Fund
EMD
|
+$2.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 47.24% |
| 2 | Real Estate | 30.26% |
| 3 | Financials | 19.29% |
| 4 | Consumer Staples | 3.01% |
| 5 | Energy | 0.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Ellington Financial
EFC
$1.51B
| $16.8M | 11.98% |
937,512
-7,399
| -0.8% | -$124K |
2018 Q4
1 quarter
|
|
2
BlackRock MuniHoldings California Quality Fund
MUC
$1.21B
| $11.9M | 8.47% |
895,558
+32,732
| +4% | +$424K |
2018 Q4
1 quarter
|
|
3
FS KKR Capital
FSK
$2.93B
| $9.95M | 7.11% |
411,248
-67,781
| -14% | -$1.68M |
2018 Q4
1 quarter
|
|
|
4
Ready Capital
RC
$177M
| $9.79M | 6.99% |
+667,357
| New | +$10.2M |
2019 Q1
0 quarters
|
|
|
5
BlackRock Debt Strategies Fund
DSU
$566M
| $8.56M | 6.11% |
798,659
+310,720
| +64% | +$3.28M |
2018 Q4
1 quarter
|
|
6
Rithm Property Trust
RPT
$81.8M
| $6.32M | 4.51% |
79,372
-17,611
| -18% | -$1.33M |
2018 Q4
1 quarter
|
|
|
MVC
7
DELISTED
MVC Capital, Inc.
MVC
| $5.13M | 3.67% |
566,180
+64,145
| +13% | +$583K |
2018 Q4
1 quarter
|
|
|
SFE
8
DELISTED
Safeguard Scientifics, Inc.
SFE
| $4.37M | 3.12% |
402,998
+156,580
| +64% | +$1.59M |
2018 Q4
1 quarter
|
|
|
9
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $4.35M | 3.11% |
339,250
+184,072
| +119% | +$2.32M |
2018 Q4
1 quarter
|
|
10
Adecoagro
AGRO
$1.51B
| $4.21M | 3.01% |
611,129
+28,332
| +5% | +$202K |
2018 Q4
1 quarter
|
|
|
FSD
11
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
| $3.71M | 2.65% |
253,711
+20,432
| +9% | +$292K |
2018 Q4
1 quarter
|
|
|
12
MFA Financial
MFA
$662M
| $3.7M | 2.64% |
127,199
-152,741
| -55% | -$4.42M |
2018 Q4
1 quarter
|
|
|
NUM
13
DELISTED
Nuveen Michigan Quality Municipal Income Fund
NUM
| $2.96M | 2.11% |
223,654
+11,507
| +5% | +$149K |
2018 Q4
1 quarter
|
|
|
14
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$116M
| $2.74M | 1.95% |
245,662
+229,166
| +1,389% | +$2.53M |
2018 Q4
1 quarter
|
|
|
TLI
15
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
| $2.65M | 1.89% |
279,965
+91,366
| +48% | +$862K |
2018 Q4
1 quarter
|
|
16
Highland Opportunities and Income Fund
HFRO
$347M
| $2.51M | 1.79% |
180,843
-42,086
| -19% | -$575K |
2018 Q4
1 quarter
|
|
|
AKP
17
DELISTED
Alliance Californa Muni Fd
AKP
| $2.51M | 1.79% |
169,819
-101,100
| -37% | -$1.44M |
2018 Q4
1 quarter
|
|
18
Berkshire Hathaway Class A
BRK.A
$1.12T
| $2.41M | 1.72% |
8
| – | – |
2018 Q4
1 quarter
|
|
19
ACRES Commercial Realty
ACR
$156M
| $2.34M | 1.67% |
73,467
+4,200
| +6% | +$133K |
2018 Q4
1 quarter
|
|
20
Franklin Universal Trust
FT
$178M
| $2.31M | 1.65% |
328,755
+58,163
| +21% | +$394K |
2018 Q4
1 quarter
|
|
21
Eaton Vance California Municipal Income Trust
CEV
$72.9M
| $2.04M | 1.46% |
170,088
-52,311
| -24% | -$612K |
2018 Q4
1 quarter
|
|
22
MGIC Investment
MTG
$5.54B
| $1.82M | 1.3% |
137,800
+5,900
| +4% | +$73.5K |
2018 Q4
1 quarter
|
|
|
PHD
23
DELISTED
Pioneer Floating Rate Fund
PHD
| $1.75M | 1.25% |
167,762
+51,106
| +44% | +$532K |
2018 Q4
1 quarter
|
|
|
NNC
24
DELISTED
Nuveen North Carolina Quality Municipal Income Fund
NNC
| $1.72M | 1.23% |
135,139
+56,231
| +71% | +$695K |
2018 Q4
1 quarter
|
|
25
Global X MLP ETF
MLPA
$2.27B
| $1.7M | 1.22% |
31,986
+2,753
| +9% | +$143K |
2018 Q4
1 quarter
|
|
Similar funds
CWA
SCM
EWM
RA
CIM
MWM
VA
CWM
Almitas Capital's Q1 2019 Portfolio in Review
As of Q1 2019, Almitas Capital held 97 positions worth $140M, down 5.7% from $148M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Almitas Capital withdrew a net $22M in Q1 2019, closing 37 positions and reducing 17 holdings. Its most notable exit was Owens Realty Mortgage, Inc., an estimated $8.42M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 47% of assets, down from 49% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Almitas Capital opened a new position in Ready Capital worth $9.79M.
- Almitas Capital's largest Q1 2019 buy was Ready Capital: 667,357 shares worth $9.79M.
- Almitas Capital added most to BlackRock Debt Strategies Fund in Q1 2019, an estimated $3.28M increase.
- Almitas Capital's biggest Q1 2019 reduction was MFA Financial, cutting an estimated $4.42M.
- Almitas Capital fully exited Owens Realty Mortgage, Inc. in Q1 2019, selling an estimated $8.42M.
- Almitas Capital's ten largest holdings make up 58% of its $140M portfolio in Q1 2019.
- Almitas Capital opened 12 new positions and closed 37 in Q1 2019.
- Almitas Capital's portfolio value fell 5.7% quarter-over-quarter to $140M.
Based on Almitas Capital's 13F filing for Q1 2019, filed 14 May 2019.