Almitas Capital LLC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1596468) · Explore on the interactive board
Almitas Capital LLC disclosed 130 US equity positions worth $417.4m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 17, 2026). Its largest position is FBTC at 16.7% of the reported book, followed by BLACKROCK MUN TARGET TERM TR, ASA GOLD AND PRECIOUS MTLS L. The top ten holdings are 52.4% of the book, and the portfolio behaves like about 20 equal-weight positions. Versus the prior filing it opened 35 new positions, added to 31, reduced 21 and exited 20. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Almitas Capital LLC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 35 new, 31 added, 21 reduced, 20 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | FBTC FIDELITY WISE ORIGIN BITCOIN | 16.7% | $69.7m | 1,364,522 | -11% | reduced | |
| 2 | BLACKROCK MUN TARGET TERM TR | 8.1% | $33.8m | 1,485,213 | -0% | held | |
| 3 | ASA GOLD AND PRECIOUS MTLS L | 7.8% | $32.7m | 629,121 | 20% | added | |
| 4 | AMLX AMYLYX PHARMACEUTICALS INC | Healthcare | 4.2% | $17.5m | 974,881 | -54% | reduced |
| 5 | DSGN DESIGN THERAPEUTICS INC | Healthcare | 3.6% | $14.9m | 1,026,893 | -33% | reduced |
| 6 | PIMCO DYNAMIC INCOME STRATEG | 2.7% | $11.4m | 549,495 | 1% | added | |
| 7 | CORNERSTONE TOTAL RETURN FD | 2.7% | $11.3m | 1,572,309 | 41% | added | |
| 8 | CNNE CANNAE HLDGS INC | Consumer Cyclical | 2.6% | $10.7m | 741,318 | 0% | held |
| 9 | NYLI CBRE GBL INFR MEGTRNDS | 2.0% | $8.5m | 557,462 | 76% | added | |
| 10 | LYEL LYELL IMMUNOPHARMA INC | 2.0% | $8.2m | 581,407 | 1% | added | |
| 11 | BLACKROCK HEALTH SCIENCES TE | 1.9% | $7.8m | 507,095 | 0% | held | |
| 12 | ANTX AN2 THERAPEUTICS INC | 1.7% | $7.1m | 1,469,129 | -1% | reduced | |
| 13 | TORTOISE ENERGY INFRSTRCTR C | 1.7% | $6.9m | 161,872 | – | new | |
| 14 | PIMCO CALIF MUN INCOME FD | 1.5% | $6.4m | 710,604 | 15% | added | |
| 15 | NUVEEN S&P 500 DYNAMIC OVERW | 1.5% | $6.1m | 326,907 | 269% | added | |
| 16 | ALXO ALX ONCOLOGY HLDGS INC | Healthcare | 1.5% | $6.1m | 2,938,431 | -7% | reduced |
| 17 | FS SPECIALTY LENDING FD | 1.4% | $6.0m | 537,295 | 100% | added | |
| 18 | PGIM SHORT DUR HIG YLD OPP F | 1.4% | $6.0m | 364,674 | 104% | added | |
| 19 | CORNERSTONE STRATEGIC INVEST | 1.2% | $5.0m | 661,789 | 50% | added | |
| 20 | ABERDEEN MUN INCOME FD | 1.2% | $4.9m | 878,531 | – | new | |
| 21 | AOR ISHARES TR | 1.2% | $4.9m | 69,946 | – | new | |
| 22 | SCHH SCHWAB STRATEGIC TR | 1.1% | $4.7m | 198,600 | – | new | |
| 23 | BNY MELLON STRATEGIC MUN BD | 1.1% | $4.7m | 757,999 | -18% | reduced | |
| 24 | LIBERTY ALL STAR EQUITY FD | 1.1% | $4.6m | 798,342 | 102% | added | |
| 25 | JAPAN SMALLER CAPITALIZATION | 1.1% | $4.6m | 386,375 | -4% | reduced | |
| 26 | FIRST TR SR FLTG RATE INCOME | 1.1% | $4.5m | 466,072 | 22% | added | |
| 27 | CLOUGH GLOBAL OPPORTUNITIES | 1.0% | $4.3m | 709,764 | 7% | added | |
| 28 | BRSP BRIGHTSPIRE CAPITAL INC | 1.0% | $4.2m | 769,033 | -24% | reduced | |
| 29 | DTF TAX-FREE INCOME 2028 TER | 1.0% | $4.1m | 355,089 | 0% | held | |
| 30 | CCAP CRESCENT CAP BDC INC | 0.9% | $3.9m | 356,905 | 0% | held | |
| 31 | ELME ELME COMMUNITIES | Real Estate | 0.9% | $3.9m | 2,619,247 | 0% | held |
| 32 | MEXICO FD INC | 0.9% | $3.7m | 170,814 | -7% | reduced | |
| 33 | THE CENTRAL AND EASTERN EU I | 0.9% | $3.6m | 173,254 | 0% | held | |
| 34 | LADR LADDER CAP CORP | Real Estate | 0.8% | $3.4m | 340,477 | 17% | added |
| 35 | NUVEEN FLOATING RATE INCOME | 0.8% | $3.3m | 435,208 | 6% | added | |
| 36 | PIMCO NEW YORK MUN FD II | 0.8% | $3.3m | 467,432 | -4% | reduced | |
| 37 | TRTX TPG RE FIN TR INC | Real Estate | 0.7% | $3.0m | 362,684 | 11% | added |
| 38 | EBF ENNIS INC | Industrials | 0.7% | $3.0m | 138,956 | 0% | held |
| 39 | SABA CAPITAL INCOME & OPPORT | 0.7% | $2.9m | 347,826 | 0% | held | |
| 40 | CLOUGH GLOBAL EQUITY FD | 0.7% | $2.9m | 331,172 | 0% | held | |
| 41 | FIRST TR HIGH YIELD OPPRT 20 | 0.7% | $2.7m | 198,801 | 20% | added | |
| 42 | LIBERTY ALL-STAR GROWTH FD I | 0.6% | $2.6m | 466,560 | 238% | added | |
| 43 | FBRT FRANKLIN BSP RLTY TR INC | 0.6% | $2.4m | 298,190 | 201% | added | |
| 44 | SRH TOTAL RETURN FUND INC | 0.6% | $2.4m | 133,773 | 15% | added | |
| 45 | FLGT FULGENT GENETICS INC | Healthcare | 0.5% | $2.2m | 104,797 | 0% | held |
| 46 | RLYB RALLYBIO CORP | 0.5% | $1.9m | 120,682 | -37% | reduced | |
| 47 | TRC TEJON RANCH CO | 0.4% | $1.7m | 90,257 | -5% | reduced | |
| 48 | BLACKSTONE STRATEGIC CRED 20 | 0.4% | $1.6m | 144,834 | 0% | held | |
| 49 | MFIC MIDCAP FINANCIAL INVSTMNT CO | 0.3% | $1.4m | 140,477 | 0% | held | |
| 50 | LUNG PULMONX CORP | Healthcare | 0.3% | $1.4m | 1,064,202 | – | new |
What did Almitas Capital LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| NUVEEN PA INVT QUALITY MUN F | 24.9% | $12.6m |
| BIO BIO RAD LABS INC | 16.6% | $8.4m |
| MFS HIGH YIELD MUN TR | 10.6% | $5.4m |
| MONROE CAP CORP | 10.2% | $5.2m |
| MFS HIGH INCOME MUN TR | 9.3% | $4.7m |
| MFS INVT GRADE MUN TR | 7.2% | $3.6m |
| MSGS MADISON SQUARE GRDN SPRT COR | 6.3% | $3.2m |
| ANRO ALTO NEUROSCIENCE INC | 3.5% | $1.8m |
| ZNTL ZENTALIS PHARMACEUTICALS INC | 2.8% | $1.4m |
| NUVEEN REAL ASSET INCOME & G | 2.7% | $1.4m |
| NUVEEN CORE PLUS IMPACT FUND | 1.7% | $870.1k |
| HPP HUDSON PACIFIC PROPERTIES IN | 1.4% | $735.2k |
| SPY STATE STR SPDR S&P 500 ETF T | 0.9% | $471.5k |
| GRAYSCALE DOGECOIN TR ETF | 0.7% | $359.5k |
| NXG NEXTGEN INFRASTR INCM FD | 0.5% | $274.6k |
| MFS INTER HIGH INCOME FD | 0.4% | $206.5k |
| BLACKROCK ESG CAP ALLC TERM | 0.3% | $154.9k |
| BLACKROCK UTILS INFRASTRUCTU | 0.0% | $5.1k |
| GABELLI EQUITY TR INC | 0.0% | $1.9k |
| NEUBERGER HIGH YIELD ST FD I | 0.0% | $880 |
Sector mix
| Sector | Weight |
|---|---|
| Healthcare | 10.2% |
| Real Estate | 3.0% |
| Consumer Cyclical | 2.8% |
| Financial Services | 0.9% |
| Industrials | 0.8% |
| Basic Materials | 0.5% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Almitas Capital LLC's portfolio?
Across every quarter Almitas Capital LLC has filed, its median largest position is 18.6% of the book and its median top-ten weight is 55.1%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 20.0 completed holding spells, the median lasted 1.0 quarters; 130.0 positions are still open and their final length is unknown.