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AC
Almitas Capital Portfolio holdings
AUM
$417M
1-Year Est. Return
22.81%
This Fund
S&P 500
This Quarter
Est. Return
-41.63%
1 Year Est. Return
+22.81%
3 Year Est. Return
+86.09%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$45.2M
AUM Growth
-$69.6M
(-61%)
Cap. Flow
-$33.4M
Cap. Flow
% of AUM
-73.87%
Top 10 Holdings %
Top 10 Hldgs %
61.42%
Holding
79
New
14
Increased
9
Reduced
18
Closed
33
Avg Time Held
2.8
quarters
Top 10 Avg Time Held
2.7
quarters
Top 20 Avg Time Held
2.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ellington Residential Mortgage REIT
EARN
|
+$3.24M |
| 2 |
MGIC Investment
MTG
|
+$2.82M |
| 3 |
MMAC
MMA Capital Holdings, Inc. Common Stock
MMAC
|
+$2.53M |
| 4 |
Global X MLP ETF
MLPA
|
+$1.57M |
| 5 |
Western Asset High Income Opportunity Fund
HIO
|
+$1.49M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$8.69M |
| 2 |
Carlyle Credit Income Fund
CCIF
|
+$6.26M |
| 3 |
TPG Mortgage Investment Trust
MITT
|
+$3.85M |
| 4 |
BCRH
BLUE CAPITAL REINSURANCE HOLDINGS LTD.
BCRH
|
+$2.69M |
| 5 |
ACRES Commercial Realty
ACR
|
+$2.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 47.46% |
| 2 | Miscellaneous | 32.02% |
| 3 | Real Estate | 14.35% |
| 4 | Consumer Staples | 5.85% |
| 5 | Energy | 0.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Rithm Property Trust
RPT
$82.2M
| $3.98M | 8.81% |
104,330
+15,505
| +17% | +$1.18M |
2018 Q4
5 quarters
|
|
|
SFE
2
DELISTED
Safeguard Scientifics, Inc.
SFE
| $3.61M | 7.99% |
650,243
| – | – |
2018 Q4
5 quarters
|
|
3
FS KKR Capital
FSK
$2.96B
| $3M | 6.64% |
249,996
-9,745
| -4% | -$209K |
2018 Q4
5 quarters
|
|
|
4
Ellington Residential Mortgage REIT
EARN
$124M
| $2.93M | 6.48% |
552,127
+329,970
| +149% | +$3.24M |
2019 Q2
3 quarters
|
|
5
Adecoagro
AGRO
$1.52B
| $2.64M | 5.85% |
679,726
-12,000
| -2% | -$81.8K |
2018 Q4
5 quarters
|
|
6
Highland Opportunities and Income Fund
HFRO
$352M
| $2.52M | 5.57% |
294,853
-77,768
| -21% | -$907K |
2018 Q4
5 quarters
|
|
|
7
MGIC Investment
MTG
$5.56B
| $2.46M | 5.44% |
387,206
+233,197
| +151% | +$2.82M |
2018 Q4
5 quarters
|
|
|
MVC
8
DELISTED
MVC Capital, Inc.
MVC
| $2.33M | 5.17% |
534,428
-110,510
| -17% | -$936K |
2018 Q4
5 quarters
|
|
9
Berkshire Hathaway Class A
BRK.A
$1.11T
| $2.18M | 4.82% |
8
| – | – |
2018 Q4
5 quarters
|
|
|
MMAC
10
DELISTED
MMA Capital Holdings, Inc. Common Stock
MMAC
| $2.1M | 4.66% |
+85,102
| New | +$2.53M |
2020 Q1
0 quarters
|
|
|
11
Western Asset High Income Opportunity Fund
HIO
$309M
| $1.88M | 4.16% |
446,697
+310,549
| +228% | +$1.49M |
2019 Q4
1 quarter
|
|
12
Oaktree Specialty Lending
OCSL
$1.02B
| $1.68M | 3.72% |
173,158
+4,585
| +3% | +$66.9K |
2019 Q1
4 quarters
|
|
|
13
Global X MLP ETF
MLPA
$2.3B
| $1.32M | 2.93% |
69,986
+42,000
| +150% | +$1.57M |
2018 Q4
5 quarters
|
|
|
PHD
14
DELISTED
Pioneer Floating Rate Fund
PHD
| $1.19M | 2.63% |
155,470
+82,349
| +113% | +$836K |
2019 Q4
1 quarter
|
|
15
Highland Global Allocation Fund
HGLB
$154M
| $1.14M | 2.52% |
261,714
-219,318
| -46% | -$1.74M |
2019 Q3
2 quarters
|
|
16
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $866K | 1.92% |
68,255
-42,241
| -38% | -$572K |
2018 Q4
5 quarters
|
|
|
TLI
17
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
| $667K | 1.48% |
93,959
+75,873
| +420% | +$705K |
2018 Q4
5 quarters
|
|
18
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$118M
| $654K | 1.45% |
62,016
-48,487
| -44% | -$597K |
2018 Q4
5 quarters
|
|
|
OMCC
19
DELISTED
Old Market Capital Corp
OMCC
| $611K | 1.35% |
+104,591
| New | +$817K |
2020 Q1
0 quarters
|
|
|
LFT
20
Lument Finance Trust
LFT
$24.5M
| $573K | 1.27% |
30,947
-1,756
| -5% | -$49.7K |
2018 Q4
5 quarters
|
|
|
TRMT
21
DELISTED
Tremont Mortgage Trust Common Shares of Beneficial Interest
TRMT
| $564K | 1.25% |
+268,595
| New | +$1.33M |
2020 Q1
0 quarters
|
|
|
ANH
22
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $547K | 1.21% |
483,930
+445,424
| +1,157% | +$1.36M |
2019 Q1
4 quarters
|
|
|
MNE
23
DELISTED
Blackrock MUNI New York Intermediate Duration Fund, Inc.
MNE
| $525K | 1.16% |
35,826
-13,286
| -27% | -$203K |
2018 Q4
5 quarters
|
|
24
Western Asset Global High Income Fund
EHI
$164M
| $520K | 1.15% |
+69,557
| New | +$658K |
2020 Q1
0 quarters
|
|
|
BQH
25
DELISTED
BlackRock New York Municipal Bond Trust
BQH
| $505K | 1.12% |
35,994
-542
| -1% | -$8.22K |
2018 Q4
5 quarters
|
|
Similar funds
CWA
SCM
EWM
RA
CIM
MWM
VA
CWM
Almitas Capital's Q1 2020 Portfolio in Review
As of Q1 2020, Almitas Capital held 79 positions worth $45.2M, down 61% from $115M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Almitas Capital withdrew a net $33.4M in Q1 2020, closing 33 positions and reducing 18 holdings. Its most notable exit was Annaly Capital Management, an estimated $8.69M position sold in full.
By sector, the portfolio is most concentrated in Financials at 47% of assets, up from 33% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Almitas Capital opened a new position in MMA Capital Holdings, Inc. Common Stock worth $2.1M.
- Almitas Capital's largest Q1 2020 buy was MMA Capital Holdings, Inc. Common Stock: 85,102 shares worth $2.1M.
- Almitas Capital added most to Ellington Residential Mortgage REIT in Q1 2020, an estimated $3.24M increase.
- Almitas Capital's biggest Q1 2020 reduction was Highland Global Allocation Fund, cutting an estimated $1.74M.
- Almitas Capital fully exited Annaly Capital Management in Q1 2020, selling an estimated $8.69M.
- Almitas Capital's ten largest holdings make up 61% of its $45.2M portfolio in Q1 2020.
- Almitas Capital opened 14 new positions and closed 33 in Q1 2020.
- Almitas Capital's portfolio value fell 61% quarter-over-quarter to $45.2M.
Based on Almitas Capital's 13F filing for Q1 2020, filed 14 May 2020.