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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
+5.37%
1 Year Est. Return
+42.36%
3 Year Est. Return
+85.86%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$242M
AUM Growth
-$48.2M
Cap. Flow
-$61.5M
Cap. Flow %
-25.42%
Top 10 Hldgs %
46.76%
Holding
121
New
6
Increased
24
Reduced
32
Closed
52

Top Buys

1
FIF
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
+$5.9M
2
FEN
First Trust Energy Income and Growth Fund
FEN
+$4.26M
3
CEM
ClearBridge MLP and Midstream Fund Inc.
CEM
+$2.61M
4
HTY
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
+$1.92M
5
MHI
Pioneer Municipal High Income Fund
MHI
+$1.34M

Top Sells

1
BKCC
BlackRock Capital Investment Corporation
BKCC
+$11.3M
2
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$5.71M
3
ORC
Orchid Island Capital
ORC
+$5.37M
4
ASA
ASA Gold and Precious Metals
ASA
+$2.95M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$2.82M

Sector Composition

1 Financials 3.87%
2 Real Estate 2.49%
3 Healthcare 2.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AJXA
1
DELISTED
Great Ajax Corp.7.25% Convertible Senior Notes due 2024
AJXA
$22.3M 9.2%
893,646
– –
NPCT icon
2
Nuveen Core Plus Impact Fund
NPCT
$281M
$16.6M 6.87%
1,606,702
-105,945
-6% -$1.09M
BMEZ icon
3
BlackRock Health Sciences Trust II
BMEZ
$954M
$15.3M 6.3%
930,918
-362,293
-28% -$5.71M
NQP
4
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$11.4M 4.72%
965,867
+50,632
+6% +$591K
HIE
5
DELISTED
Miller/Howard High Income Equity Fund
HIE
$10.5M 4.35%
950,061
-139,107
-13% -$1.48M
ECAT icon
6
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.52B
$7.9M 3.26%
454,826
-168,375
-27% -$2.82M
ENX
7
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$7.83M 3.24%
806,643
+1,471
+0.2% +$14.4K
FIF
8
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$7.58M 3.13%
417,641
+353,714
+553% +$5.9M
SDHY
9
PGIM Short Duration High Yield Opportunities Fund
SDHY
$392M
$6.9M 2.85%
448,869
-86,036
-16% -$1.31M
PDX
10
PIMCO Dynamic Income Strategy Fund
PDX
$942M
$6.87M 2.84%
324,019
-9,357
-3% -$186K
FEN
11
DELISTED
First Trust Energy Income and Growth Fund
FEN
$6.33M 2.62%
387,572
+285,726
+281% +$4.26M
BFZ
12
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$5.48M 2.26%
463,705
-5,100
-1% -$60.1K
JPI
13
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$5.25M 2.17%
272,937
+171
+0.1% +$3.2K
NTG
14
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$5.14M 2.12%
134,139
+1,400
+1% +$50K
RPT
15
Rithm Property Trust
RPT
$84.6M
$4.7M 1.94%
205,973
+8,457
+4% +$237K
HYB
16
DELISTED
New America High Income Fund, Inc.
HYB
$4.47M 1.85%
613,549
-93,321
-13% -$675K
DMF
17
DELISTED
BNY Mellon Municipal Income
DMF
$4.3M 1.78%
629,435
+22,977
+4% +$152K
KTF
18
DWS Municipal Income Trust
KTF
$359M
$4.22M 1.74%
467,648
– –
DSGN icon
19
Design Therapeutics
DSGN
$785M
$4.14M 1.71%
1,026,068
– –
DTF
20
DTF Tax-Free Income 2028 Term Fund
DTF
$80.8M
$3.75M 1.55%
348,973
-2,118
-0.6% -$22.9K
CXH
21
DELISTED
MFS Investment Grade Municipal Trust
CXH
$3.75M 1.55%
491,954
– –
MMD
22
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$288M
$3.67M 1.52%
224,621
-72,382
-24% -$1.19M
TTP
23
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
$3.66M 1.51%
115,755
+37,170
+47% +$1.09M
GAM
24
General American Investors Company
GAM
$1.54B
$3.58M 1.48%
77,073
-10,943
-12% -$484K
STEW
25
SRH Total Return Fund
STEW
$1.76B
$3.42M 1.41%
227,390
+65,123
+40% +$936K
1
2 3 4 5

Similar funds

OWA
Opal Wealth Advisors Jericho, New York $442M AUM 16.5% 1-Year Est. Return
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

Almitas Capital's Q1 2024 Portfolio in Review

As of Q1 2024, Almitas Capital held 121 positions worth $242M, down 17% from $290M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Almitas Capital withdrew a net $61.5M in Q1 2024, closing 52 positions and reducing 32 holdings. Its most notable exit was BlackRock Capital Investment Corporation, an estimated $11.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.9% of assets, down from 4.8% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Almitas Capital opened a new position in ClearBridge MLP and Midstream Fund Inc. worth $2.86M.

  • Almitas Capital's largest Q1 2024 buy was ClearBridge MLP and Midstream Fund Inc.: 62,472 shares worth $2.86M.
  • Almitas Capital added most to FIRST TRUST ENERGY INFRASTRUCTURE FUND in Q1 2024, an estimated $5.9M increase.
  • Almitas Capital's biggest Q1 2024 reduction was BlackRock Health Sciences Trust II, cutting an estimated $5.71M.
  • Almitas Capital fully exited BlackRock Capital Investment Corporation in Q1 2024, selling an estimated $11.3M.
  • Almitas Capital's ten largest holdings make up 47% of its $242M portfolio in Q1 2024.
  • Almitas Capital opened 6 new positions and closed 52 in Q1 2024.
  • Almitas Capital's portfolio value fell 17% quarter-over-quarter to $242M.

Based on Almitas Capital's 13F filing for Q1 2024, filed 14 May 2024.