Almitas Capital LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Almitas Capital LLC disclosed 81 US equity positions worth $301.4m in its Q1 2025 13F filing. The largest position was FBTC at 39.5% of the reported book, followed by BlackRock Municipal 2030 Target Term Trust and Nuveen Pennsylvania Quality Municipal Income Fund. Against the Q4 2024 filing, it opened 5 new positions, added to 22 and reduced 10 among the top 50 holdings.
What did Almitas Capital LLC own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | FBTC Fidelity Wise Origin Bitcoin Fund | 39.5% | $118.9m | 1,652,409 | -5% | reduced | |
| 2 | BlackRock Municipal 2030 Target Term Trust | 11.0% | $33.1m | 1,558,862 | 4% | added | |
| 3 | Nuveen Pennsylvania Quality Municipal Income Fund | 2.9% | $8.8m | 783,803 | -5% | reduced | |
| 4 | BNY Mellon Municipal Income Inc | 2.6% | $7.8m | 1,081,956 | 34% | added | |
| 5 | AMLX Amylyx Pharmaceuticals Inc | Healthcare | 2.5% | $7.5m | 2,122,597 | 4% | added |
| 6 | Eaton Vance New York Municipal Bond Fund | 2.2% | $6.6m | 698,195 | 0% | held | |
| 7 | DSGN Design Therapeutics Inc | Healthcare | 1.9% | $5.6m | 1,452,896 | 10% | added |
| 8 | SRH Total Return Fund Inc | 1.7% | $5.2m | 301,991 | 0% | held | |
| 9 | BNY Mellon Strategic Municipal Bond Fund Inc | 1.6% | $4.9m | 851,087 | 36% | added | |
| 10 | Mexico Fund Inc/The | 1.6% | $4.9m | 344,264 | 8% | added | |
| 11 | Japan Smaller Capitalization Fund Inc | 1.4% | $4.3m | 511,819 | 3% | added | |
| 12 | MFS High Income Municipal Trust | 1.3% | $3.9m | 1,047,002 | 14% | added | |
| 13 | MFS Investment Grade Municipal Trust | 1.2% | $3.7m | 470,435 | -1% | reduced | |
| 14 | DTF Tax-Free Income 2028 Term Fund Inc | 1.2% | $3.5m | 309,611 | -4% | reduced | |
| 15 | PGIM Short Duration High Yield Opportunities Fund | 1.1% | $3.2m | 196,468 | -57% | reduced | |
| 16 | NKTR Nektar Therapeutics | Healthcare | 1.0% | $3.1m | 4,610,872 | 401% | added |
| 17 | BlackRock Health Sciences Term Trust | 1.0% | $3.1m | 204,834 | -85% | reduced | |
| 18 | NYLI CBRE Global Infrastructure Megatrends Term Fund | 1.0% | $3.0m | 226,124 | 41% | added | |
| 19 | Nuveen Core Plus Impact Fund | 1.0% | $2.9m | 269,668 | 0% | held | |
| 20 | ZNTL Zentalis Pharmaceuticals Inc | Healthcare | 0.9% | $2.7m | 1,710,921 | 5% | added |
| 21 | BRSP BrightSpire Capital Inc | 0.9% | $2.7m | 478,415 | 34% | added | |
| 22 | CNNE Cannae Holdings Inc | Consumer Cyclical | 0.9% | $2.6m | 143,651 | – | new |
| 23 | Central and Eastern Europe Fund Inc | 0.9% | $2.6m | 180,190 | 0% | held | |
| 24 | Pioneer Municipal High Income Advantage Fund Inc | 0.8% | $2.6m | 306,517 | 25% | added | |
| 25 | Morgan Stanley India Investment Fund Inc | 0.8% | $2.6m | 104,744 | 21% | added | |
| 26 | Pioneer Municipal High Income Opportunities Fund Inc | 0.8% | $2.5m | 214,870 | -7% | reduced | |
| 27 | Pioneer Municipal High Income Fund Trust | 0.8% | $2.5m | 270,808 | 38% | added | |
| 28 | AVIR Atea Pharmaceuticals Inc | Healthcare | 0.7% | $2.1m | 715,005 | -5% | reduced |
| 29 | Clough Global Opportunities Fund | 0.7% | $2.1m | 421,880 | -7% | reduced | |
| 30 | AllianceBernstein National Municipal Income Fund | 0.7% | $2.0m | 187,470 | 0% | held | |
| 31 | VIG Vanguard Dividend Appreciation ETF | 0.7% | $2.0m | 10,314 | 98% | added | |
| 32 | MSGS Madison Square Garden Sports Corp | Communication Services | 0.6% | $1.9m | 9,910 | – | new |
| 33 | MFIC MidCap Financial Investment Corp | 0.6% | $1.8m | 142,884 | 5% | added | |
| 34 | PIMCO California Municipal Income Fund | 0.6% | $1.8m | 204,489 | – | new | |
| 35 | ANTX AN2 Therapeutics Inc | 0.6% | $1.8m | 1,313,111 | 0% | held | |
| 36 | LADR Ladder Capital Corp | Real Estate | 0.6% | $1.7m | 146,523 | 0% | held |
| 37 | 2662247D iTeos Therapeutics Inc | 0.5% | $1.6m | 275,120 | 0% | held | |
| 38 | Two Harbors Investment Corp | 0.5% | $1.6m | 1,613,000 | 0% | held | |
| 39 | MFS High Yield Municipal Trust | 0.5% | $1.5m | 416,545 | 21% | added | |
| 40 | Tortoise Energy Infrastructure Corp | 0.5% | $1.4m | 32,261 | -87% | reduced | |
| 41 | LYEL Lyell Immunopharma Inc | 0.4% | $1.3m | 2,482,606 | 136% | added | |
| 42 | Western Asset Inflation-Linked Income Fund | 0.4% | $1.3m | 159,057 | 0% | held | |
| 43 | PIMCO California Municipal Income Fund II | 0.4% | $1.2m | 216,458 | 1988% | added | |
| 44 | BlackRock Innovation and Growth Term Trust | 0.4% | $1.2m | 193,389 | 0% | held | |
| 45 | BNY Mellon Municipal Bond Infrastructure Fund Inc | 0.4% | $1.1m | 103,475 | 63% | added | |
| 46 | Wheeler REIT INC | 0.3% | $966.5k | 5,271 | – | new | |
| 47 | First Trust Specialty Finance and Financial Opportunities Fund | 0.3% | $917.0k | 213,254 | 0% | held | |
| 48 | BNY Mellon Strategic Municipals Inc | 0.3% | $887.5k | 145,014 | 36% | added | |
| 49 | CIM Chimera Investment Corp | 0.3% | $857.5k | 66,839 | – | new | |
| 50 | RLYB Rallybio Corp | 0.3% | $851.2k | 1,300,581 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.