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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
+2.97%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$115M
AUM Growth
+$21.3M
Cap. Flow
+$20M
Cap. Flow %
17.41%
Top 10 Hldgs %
52.85%
Holding
72
New
26
Increased
14
Reduced
12
Closed
7

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$8.41M
2
HGLB
Highland Global Allocation Fund
HGLB
+$4.1M
3
MITT
TPG Mortgage Investment Trust
MITT
+$3.84M
4
CCIF
Carlyle Credit Income Fund
CCIF
+$3.48M
5
GARS
Garrison Capital Inc.
GARS
+$2.54M

Top Sells

Rank Stock Value
1
ARR
Armour Residential REIT
ARR
+$12.2M
2
DX
Dynex Capital
DX
+$4.64M
3
NNC
Nuveen North Carolina Quality Municipal Income Fund
NNC
+$1.32M
4
VMM
Delaware Investments Minnesota Municipal Income Fund II
VMM
+$916K
5
BWG
BrandywineGLOBAL Global Income Opportunities Fund
BWG
+$774K

Sector Composition

Rank Sector Weight
1 Real Estate 24.27%
2 Financials 22.94%
3 Consumer Staples 5.04%
4 Energy 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NLY icon
1
Annaly Capital Management
NLY
$16.4B
$8.69M 7.57%
+230,689
New +$8.41M
RPT
2
Rithm Property Trust
RPT
$100M
$7.63M 6.64%
88,825
+466
+0.5% +$41.4K
SFE
3
DELISTED
Safeguard Scientifics, Inc.
SFE
$7.14M 6.22%
650,243
+10,968
+2% +$125K
FSK icon
4
FS KKR Capital
FSK
$3.04B
$6.37M 5.55%
259,741
-15,804
-6% -$378K
CCIF
5
Carlyle Credit Income Fund
CCIF
$57.9M
$6.26M 5.45%
601,121
+341,985
+132% +$3.48M
MVC
6
DELISTED
MVC Capital, Inc.
MVC
$5.8M 5.06%
644,938
– –
AGRO icon
7
Adecoagro
AGRO
$1.63B
$5.79M 5.04%
691,726
+23,524
+4% +$158K
HFRO
8
Highland Opportunities and Income Fund
HFRO
$416M
$4.63M 4.04%
372,621
+135,950
+57% +$1.64M
HGLB
9
Highland Global Allocation Fund
HGLB
$177M
$4.49M 3.91%
481,032
+438,400
+1,028% +$4.1M
MITT
10
TPG Mortgage Investment Trust
MITT
$234M
$3.85M 3.36%
+83,282
New +$3.84M
OCSL icon
11
Oaktree Specialty Lending
OCSL
$1.04B
$2.76M 2.41%
168,573
-4,792
-3% -$75.4K
BRK.A icon
12
Berkshire Hathaway Class A
BRK.A
$1.05T
$2.72M 2.37%
8
– –
BCRH
13
DELISTED
BLUE CAPITAL REINSURANCE HOLDINGS LTD.
BCRH
$2.69M 2.34%
391,961
+167,381
+75% +$1.17M
ACR
14
ACRES Commercial Realty
ACR
$127M
$2.6M 2.27%
73,467
– –
PDX
15
PIMCO Dynamic Income Strategy Fund
PDX
$959M
$2.42M 2.11%
+146,763
New +$2.41M
EARN
16
Ellington Residential Mortgage REIT
EARN
$165M
$2.41M 2.1%
222,157
-57,000
-20% -$622K
GARS
17
DELISTED
Garrison Capital Inc.
GARS
$2.37M 2.07%
+407,707
New +$2.54M
MTG icon
18
MGIC Investment
MTG
$6.12B
$2.18M 1.9%
154,009
+2,401
+2% +$33.3K
RESI
19
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$1.73M 1.51%
140,089
+8,000
+6% +$95K
EFT
20
Eaton Vance Floating-Rate Income Trust
EFT
$285M
$1.63M 1.42%
+118,533
New +$1.58M
BFZ
21
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$1.5M 1.31%
110,496
-48,775
-31% -$660K
BWG
22
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$132M
$1.4M 1.22%
110,503
-62,631
-36% -$774K
FRA icon
23
BlackRock Floating Rate Income Strategies Fund
FRA
$383M
$1.36M 1.19%
101,238
-32,621
-24% -$420K
EFR
24
Eaton Vance Senior Floating-Rate Fund
EFR
$314M
$1.34M 1.17%
+98,943
New +$1.29M
MLPA icon
25
Global X MLP ETF
MLPA
$2.26B
$1.32M 1.15%
27,986
-4,000
-13% -$187K
1
2 3

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
CMAI
Capital Management Associates Inc Minneapolis, Minnesota $442M AUM 17.91% 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

Almitas Capital's Q4 2019 Portfolio in Review

As of Q4 2019, Almitas Capital held 72 positions worth $115M, up 23% from $93.5M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Almitas Capital deployed $20M of net new capital in Q4 2019, opening 26 new positions and adding to 14 existing holdings. Its largest new stake was Annaly Capital Management: 230,689 shares worth $8.69M.

By sector, the portfolio is most concentrated in Real Estate at 24% of assets, down from 33% a quarter earlier, followed by Financials and Consumer Staples.

On the sell side, the largest reduction was Armour Residential REIT, an estimated $12.2M trimmed.

  • Almitas Capital's largest Q4 2019 buy was Annaly Capital Management: 230,689 shares worth $8.69M.
  • Almitas Capital added most to Highland Global Allocation Fund in Q4 2019, an estimated $4.1M increase.
  • Almitas Capital's biggest Q4 2019 reduction was Armour Residential REIT, cutting an estimated $12.2M.
  • Almitas Capital fully exited Dynex Capital in Q4 2019, selling an estimated $4.64M.
  • Almitas Capital's ten largest holdings make up 53% of its $115M portfolio in Q4 2019.
  • Almitas Capital opened 26 new positions and closed 7 in Q4 2019.
  • Almitas Capital's portfolio value rose 23% quarter-over-quarter to $115M.

Based on Almitas Capital's 13F filing for Q4 2019, filed 14 Feb 2020.