Almitas Capital LLC
13F Reported Value
ⓘ$442.5M
Holdings
115
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Almitas Capital LLC disclosed 115 positions worth $442.5M in its Form 13F-HR for Q1 2026, led by $FBTC (Fidelity Wise Origin Bitcoin Fund) at 20.5% of the equity portfolio, followed by $BTT and $ASA. During the quarter the fund opened 31 new positions and exited 23 — including a new stake in $BIO and a full exit from $FETH. The portfolio is most concentrated in Other (50.6% of disclosed assets). All figures are sourced directly from Almitas Capital LLC’s Form 13F-HR filing with the SEC under CIK 1596468.
AI Fund Analysis
Diversifying
$FBTC
$BTT
$AMLX
$DSGN
$GLQ
$PDX
$MRCC
$MEGI
$PNISector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- $90.7M1,536,637 sh
- $33.7M1,486,013 sh
- —
Quality
$32.6M525,666 sh - —
Quality
$29.5M2,122,597 sh - —
Quality
$16.3M1,530,335 sh NUVEEN PA INVT QUALITY MUN F
—Quality
$12.6M1,057,494 sh- $11.9M541,492 sh
- 3.6
Quality
$11.6M577,807 sh - 40.3
Quality
$8.4M30,254 sh - 17.4
Quality
$8.4M741,318 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| Fidelity Wise Origin Bitcoin Fund$FBTC | — | $90.7M | 1,536,637 |
| BlackRock Municipal 2030 Target Term Trust$BTT | — | $33.7M | 1,486,013 |
 ASA Gold & Precious Metals Ltd$ASA | — | $32.6M | 525,666 |
| Amylyx Pharmaceuticals, Inc.$AMLX | — | $29.5M | 2,122,597 |
| Design Therapeutics, Inc.$DSGN | — | $16.3M | 1,530,335 |
| NUVEEN PA INVT QUALITY MUN F | — | $12.6M | 1,057,494 |
| PIMCO Dynamic Income Strategy Fund$PDX | — | $11.9M | 541,492 |
 Lyell Immunopharma, Inc.$LYEL | 3.6 | $11.6M | 577,807 |
 BIO-RAD LABORATORIES, INC.$BIO | 40.3 | $8.4M | 30,254 |
 Cannae Holdings, Inc.$CNNE | 17.4 | $8.4M | 741,318 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Almitas Capital LLC's 115 positions.
Showing top 10 of 115 holdings.
Sector Allocation
Other
$223.8M
Financials
$93.2M
Healthcare
$76.6M
Real Estate
$22.8M
Technology
$10.6M
Consumer Discretionary
$8.4M
Communication Services
$6.2M
Industrials
$852,266
Full Holdings — Almitas Capital LLC (Q1 2026)
All 115 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $FBTC | Fidelity Wise Origin Bitcoin Fund | $90.7M | 20.5% | +0% | — |
| 2 | $BTT | BlackRock Municipal 2030 Target Term Trust | $33.7M | 7.6% | +0% | — |
| 3 | $ASA | ASA Gold & Precious Metals Ltd | $32.6M | 7.4% | +38% | — |
| 4 | $AMLX | Amylyx Pharmaceuticals, Inc. | $29.5M | 6.7% | +0% | — |
| 5 | $DSGN | Design Therapeutics, Inc. | $16.3M | 3.7% | -0% | — |
| 6 | — | NUVEEN PA INVT QUALITY MUN F | $12.6M | 2.9% | +187% | — |
| 7 | $PDX | PIMCO Dynamic Income Strategy Fund | $11.9M | 2.7% | +258% | — |
| 8 | $LYEL | Lyell Immunopharma, Inc. | $11.6M | 2.6% | +0% | 3.6 |
| 9 | $BIO | BIO-RAD LABORATORIES, INC. | $8.4M | 1.9% | NEW | 40.3 |
| 10 | $CNNE | Cannae Holdings, Inc. | $8.4M | 1.9% | +80% | 17.4 |
| 11 |  $CRF | CORNERSTONE TOTAL RETURN FUND INC | $7.8M | 1.8% | +1191% | — |
| 12 |  $BMEZ | BlackRock Health Sciences Term Trust | $7.3M | 1.6% | +231% | — |
| 13 |  $ALXO | ALX ONCOLOGY HOLDINGS INC | $6.4M | 1.4% | +25% | — |
| 14 |  $BRSP | BrightSpire Capital, Inc. | $5.7M | 1.3% | -1% | 36.3 |
| 15 |  $DSM | BNY MELLON STRATEGIC MUNICIPAL BOND FUND, INC. | $5.6M | 1.3% | +0% | — |
| 16 |  $CMU | MFS HIGH YIELD MUNICIPAL TRUST | $5.4M | 1.2% | +0% | — |
| 17 |  $PCQ | PIMCO CALIFORNIA MUNICIPAL INCOME FUND | $5.3M | 1.2% | -4% | — |
| 18 |  $ELME | Elme Communities | $5.2M | 1.2% | +158% | 34.6 |
| 19 | $MRCC | MONROE CAPITAL Corp | $5.2M | 1.2% | +28% | — |
| 20 |  $ANTX | AN2 Therapeutics, Inc. | $5.1M | 1.1% | +0% | — |
| 21 |  $CXE | MFS HIGH INCOME MUNICIPAL TRUST | $4.7M | 1.1% | +6% | — |
| 22 | $MEGI | NYLI CBRE Global Infrastructure Megatrends Term Fund | $4.6M | 1.1% | +413% | — |
| 23 |  $JOF | JAPAN SMALLER CAPITALIZATION FUND INC | $4.4M | 1.0% | -8% | — |
| 24 |  $CCAP | Crescent Capital BDC, Inc. | $4.3M | 1.0% | -20% | — |
| 25 |  $DTF | DTF TAX-FREE INCOME 2028 TERM FUND INC | $4.1M | 0.9% | +1% | — |
| 26 |  $MXF | MEXICO FUND INC | $3.8M | 0.9% | -1% | — |
| 27 |  $FCT | FIRST TRUST SENIOR FLOATING RATE INCOME FUND II | $3.7M | 0.8% | +335% | — |
| 28 |  $GLO | Clough Global Opportunities Fund | $3.7M | 0.8% | -16% | — |
| 29 |  $CXH | MFS INVESTMENT GRADE MUNICIPAL TRUST | $3.6M | 0.8% | -0% | — |
| 30 |  $FSSL | FS Specialty Lending Fund | $3.4M | 0.8% | -66% | — |
| 31 | $PNI | PIMCO NEW YORK MUNICIPAL INCOME FUND II | $3.3M | 0.8% | NEW | — |
| 32 |  $CLM | Cornerstone Strategic Investment Fund, Inc. | $3.2M | 0.7% | NEW | — |
| 33 |  $MSGS | Madison Square Garden Sports Corp. | $3.2M | 0.7% | +0% | 46.5 |
| 34 | — | CENTRAL & EASTERN EUROPE FD | $3.2M | 0.7% | +0% | — |
| 35 |  $JFR | NUVEEN FLOATING RATE INCOME FUND | $3.1M | 0.7% | +249% | — |
| 36 |  $EBF | ENNIS, INC. | $3.0M | 0.7% | +0% | 56.4 |
| 37 |  $SABA | Saba Capital Income & Opportunities Fund II | $2.9M | 0.7% | +442% | — |
| 38 |  $SDHY | PGIM Short Duration High Yield Opportunities Fund | $2.9M | 0.7% | +608% | — |
| 39 |  $LADR | Ladder Capital Corp | $2.8M | 0.6% | +53% | — |
| 40 |  $TRTX | TPG RE Finance Trust, Inc. | $2.6M | 0.6% | NEW | — |
| 41 | $GLQ | Clough Global Equity Fund | $2.5M | 0.6% | +2% | — |
| 42 |  $AFB | ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND | $2.3M | 0.5% | +0% | — |
| 43 | — | FIRST TR HIGH YIELD OPPRT 20 | $2.2M | 0.5% | +201% | — |
| 44 |  $MYPS | PLAYSTUDIOS, Inc. | $2.2M | 0.5% | +16% | 28.7 |
| 45 |  $USA | LIBERTY ALL STAR EQUITY FUND | $2.2M | 0.5% | -51% | — |
| 46 |  $STEW | SRH Total Return Fund, Inc. | $2.0M | 0.5% | +307% | — |
| 47 |  $DMB | BNY Mellon Municipal Bond Infrastructure Fund, Inc. | $1.9M | 0.4% | +0% | — |
| 48 |  $TRC | TEJON RANCH CO | $1.8M | 0.4% | +2% | 21.3 |
| 49 |  $ANRO | Alto Neuroscience, Inc. | $1.8M | 0.4% | +0% | — |
| 50 |  $RLYB | Rallybio Corp | $1.7M | 0.4% | -88% | — |
| 51 |  $FLGT | Fulgent Genetics, Inc. | $1.7M | 0.4% | +467% | 27.2 |
| 52 |  $BGB | Blackstone Strategic Credit 2027 Term Fund | $1.6M | 0.4% | NEW | — |
| 53 |  $MFIC | MidCap Financial Investment Corp | $1.6M | 0.4% | +4% | — |
| 54 |  $ZNTL | Zentalis Pharmaceuticals, Inc. | $1.4M | 0.3% | +0% | — |
| 55 | — | NUVEEN S&P 500 DYNAMIC OVERW | $1.4M | 0.3% | NEW | — |
| 56 |  $BANX | ArrowMark Financial Corp. | $1.4M | 0.3% | NEW | — |
| 57 |  $JRI | Nuveen Real Asset Income & Growth Fund | $1.4M | 0.3% | NEW | — |
| 58 |  $LEO | BNY MELLON STRATEGIC MUNICIPALS, INC. | $1.2M | 0.3% | +0% | — |
| 59 |  $MFA | MFA FINANCIAL, INC. | $1.2M | 0.3% | +0% | — |
| 60 |  $STWD | STARWOOD PROPERTY TRUST, INC. | $1.2M | 0.3% | +0% | 54.6 |
| 61 |  $TWN | TAIWAN FUND INC | $1.2M | 0.3% | NEW | — |
| 62 |  $FSK | FS KKR Capital Corp | $1.1M | 0.3% | +5% | — |
| 63 |  $UTF | COHEN & STEERS INFRASTRUCTURE FUND INC | $997,985 | 0.2% | +0% | — |
| 64 |  $CABA | Cabaletta Bio, Inc. | $907,582 | 0.2% | -13% | — |
| 65 |  $NCDL | Nuveen Churchill Direct Lending Corp. | $892,435 | 0.2% | +0% | — |
| 66 |  $NPCT | Nuveen Core Plus Impact Fund | $870,053 | 0.2% | -58% | — |
| 67 |  $FBRT | Franklin BSP Realty Trust, Inc. | $840,968 | 0.2% | NEW | 57 |
| 68 |  $SBET | Sharplink, Inc. | $801,625 | 0.2% | +0% | 38.1 |
| 69 |  $EIC | Eagle Point Income Co Inc. | $760,364 | 0.2% | +0% | — |
| 70 |  $HPP | Hudson Pacific Properties, Inc. | $735,192 | 0.2% | +27% | 30.5 |
| 71 |  $ASG | LIBERTY ALL STAR GROWTH FUND INC. | $655,429 | 0.1% | +25% | — |
| 72 |  $NEWT | NewtekOne, Inc. | $586,592 | 0.1% | +0% | — |
| 73 |  $BSL | Blackstone Senior Floating Rate 2027 Term Fund | $575,899 | 0.1% | NEW | — |
| 74 | — | EATON VANCE SR FLTNG RTE TR | $524,702 | 0.1% | +73% | — |
| 75 |  $WD | Walker & Dunlop, Inc. | $514,808 | 0.1% | +0% | 48.6 |
| 76 |  $CCID | Carlyle Credit Income Fund | $506,169 | 0.1% | +0% | — |
| 77 |  $CVCO | CAVCO INDUSTRIES, INC. | $480,416 | 0.1% | +0% | 65.1 |
| 78 |  $SPY | SPDR S&P 500 ETF TRUST | $471,497 | 0.1% | NEW | — |
| 79 |  $CGBD | Carlyle Secured Lending, Inc. | $469,162 | 0.1% | +0% | — |
| 80 | — | WESTERN ASSET INFLT LNK INC | $458,395 | 0.1% | -22% | — |
| 81 |  $GSBD | Goldman Sachs BDC, Inc. | $444,000 | 0.1% | +0% | — |
| 82 |  $PCF | HIGH INCOME SECURITIES FUND | $429,495 | 0.1% | NEW | — |
| 83 | — | WHEELER REAL ESTATE INVT TR | $421,680 | 0.1% | +0% | — |
| 84 |  $SKY | Champion Homes, Inc. | $371,850 | 0.1% | +0% | 69.3 |
| 85 |  $DMA | Destra Multi-Alternative Fund | $366,515 | 0.1% | NEW | — |
| 86 |  $CIM | CHIMERA INVESTMENT CORP | $366,171 | 0.1% | +0% | — |
| 87 |  $GDOG | Grayscale Dogecoin Trust ETF | $359,476 | 0.1% | NEW | — |
| 88 |  $NMFC | New Mountain Finance Corp | $349,200 | 0.1% | +0% | — |
| 89 |  $TLPH | TALPHERA, INC. | $348,916 | 0.1% | NEW | — |
| 90 |  $DPG | Duff & Phelps Utility & Infrastructure Fund Inc. | $325,839 | 0.1% | NEW | — |
| 91 |  $TCPC | BlackRock TCP Capital Corp. | $306,850 | 0.1% | +0% | — |
| 92 |  $MSDL | Morgan Stanley Direct Lending Fund | $279,200 | 0.1% | +0% | — |
| 93 |  $SWZ | Total Return Securities Fund | $275,472 | 0.1% | +26% | — |
| 94 |  $NXG | NXG NextGen Infrastructure Income Fund | $274,650 | 0.1% | NEW | — |
| 95 |  $BGX | Blackstone Long-Short Credit Income Fund | $273,427 | 0.1% | NEW | — |
| 96 |  $OPP | RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. | $260,496 | 0.1% | +0% | — |
| 97 |  $GBDC | GOLUB CAPITAL BDC, Inc. | $253,200 | 0.1% | +0% | — |
| 98 |  $ACRE | Ares Commercial Real Estate Corp | $244,786 | 0.1% | NEW | 18.5 |
| 99 |  $BIT | BlackRock Multi-Sector Income Trust | $244,678 | 0.1% | +0% | — |
| 100 |  $HQL | abrdn Life Sciences Investors | $242,016 | 0.1% | -23% | — |
| 101 |  $FRMM | FORUM MARKETS Inc | $232,379 | 0.1% | +0% | 27 |
| 102 |  $EVF | Eaton Vance Senior Income Trust | $214,191 | 0.1% | +193% | — |
| 103 |  $CIF | MFS INTERMEDIATE HIGH INCOME FUND | $206,523 | 0.1% | NEW | — |
| 104 |  $DHF | BNY MELLON HIGH YIELD STRATEGIES FUND | $193,407 | 0.0% | NEW | — |
| 105 |  $BCSF | Bain Capital Specialty Finance, Inc. | $186,000 | 0.0% | +0% | — |
| 106 |  $ECAT | BlackRock ESG Capital Allocation Term Trust | $154,893 | 0.0% | NEW | — |
| 107 | — | NEUBERGER NEXT GENERATION | $134,582 | 0.0% | NEW | — |
| 108 |  $MUC | BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND, INC. | $123,760 | 0.0% | NEW | — |
| 109 |  $ETW | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | $120,918 | 0.0% | NEW | — |
| 110 |  $GLV | Clough Global Dividend & Income Fund | $114,126 | 0.0% | -0% | — |
| 111 |  $CHW | Calamos Global Dynamic Income Fund | $74,531 | 0.0% | NEW | — |
| 112 |  $GPMT | Granite Point Mortgage Trust Inc. | $21,738 | 0.0% | NEW | — |
| 113 | — | BLACKROCK UTILS INFRASTRUCTU | $5,121 | 0.0% | NEW | — |
| 114 | — | GABELLI EQUITY TR INC | $1,895 | 0.0% | NEW | — |
| 115 | — | NEUBERGER HIGH YIELD ST FD I | $880 | 0.0% | NEW | — |
New Positions (31)
$BIO BIO-RAD LABORATORIES, INC.$8.4M$PNI PIMCO NEW YORK MUNICIPAL INCOME FUND II$3.3M$CLM Cornerstone Strategic Investment Fund, Inc.$3.2M$TRTX TPG RE Finance Trust, Inc.$2.6M$BGB Blackstone Strategic Credit 2027 Term Fund$1.6M$BANX ArrowMark Financial Corp.$1.4M$JRI Nuveen Real Asset Income & Growth Fund$1.4M$TWN TAIWAN FUND INC$1.2M$FBRT Franklin BSP Realty Trust, Inc.$840,968$BSL Blackstone Senior Floating Rate 2027 Term Fund$575,899$SPY SPDR S&P 500 ETF TRUST$471,497$PCF HIGH INCOME SECURITIES FUND$429,495$DMA Destra Multi-Alternative Fund$366,515$GDOG Grayscale Dogecoin Trust ETF$359,476Exited Positions (23)
$FETH Fidelity Ethereum Fund
$ETHA iShares Ethereum Trust ETF
$ARR Armour Residential REIT, Inc.
$BPRE Bluerock Private Real Estate Fund
$QNCX Quince Therapeutics, Inc.
$NLY ANNALY CAPITAL MANAGEMENT INC
$ETH Grayscale Ethereum Staking Mini ETF
$DIAX Nuveen Dow 30sm Dynamic Overwrite Fund
$TWO TWO HARBORS INVESTMENT CORP.
$GERN GERON CORP
$BCAT BlackRock Capital Allocation Term Trust
$MFM ABERDEEN MUNICIPAL INCOME FUND
$EFT Eaton Vance Floating-Rate Income Trust
$EMO ClearBridge Energy Midstream Opportunity Fund Inc.Browse Top Institutional Investors
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