Almitas Capital LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Almitas Capital LLC disclosed 82 US equity positions worth $396.4m in its Q2 2025 13F filing. The largest position was FBTC at 38.2% of the reported book, followed by BLACKROCK MUN TARGET TERM TR and FETH. Against the Q1 2025 filing, it opened 8 new positions, added to 21 and reduced 12 among the top 50 holdings.
What did Almitas Capital LLC own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | FBTC FIDELITY WISE ORIGIN BITCOIN | 38.2% | $151.5m | 1,611,637 | -2% | reduced | |
| 2 | BLACKROCK MUN TARGET TERM TR | 8.6% | $34.1m | 1,558,260 | -0% | held | |
| 3 | FETH FIDELITY ETHEREUM FD | 4.1% | $16.4m | 650,000 | – | new | |
| 4 | AMLX AMYLYX PHARMACEUTICALS INC | Healthcare | 3.4% | $13.6m | 2,122,597 | 0% | held |
| 5 | PIONEER HIGH INCOME FUND INC | 3.3% | $13.0m | 1,604,088 | – | new | |
| 6 | PIONEER MUNICIPAL HIGH INCOM | 2.6% | $10.3m | 1,244,033 | 306% | added | |
| 7 | PIONEER MUNICIPAL HIGH INCOM | 2.4% | $9.3m | 1,020,245 | 277% | added | |
| 8 | PIONEER MUN HIGH INCOME OPPO | 2.4% | $9.3m | 790,809 | 268% | added | |
| 9 | NUVEEN PENNSYLVANIA QLT MUN | 2.0% | $8.0m | 711,065 | -9% | reduced | |
| 10 | CNNE CANNAE HLDGS INC | Consumer Cyclical | 1.7% | $6.7m | 320,986 | 123% | added |
| 11 | CORNERSTONE TOTAL RETURN FD | 1.6% | $6.4m | 831,088 | – | new | |
| 12 | EATON VANCE NEW YORK MUN BD | 1.6% | $6.3m | 673,354 | -4% | reduced | |
| 13 | MEXICO FD INC | 1.5% | $5.8m | 329,680 | -4% | reduced | |
| 14 | BRSP BRIGHTSPIRE CAPITAL INC | 1.3% | $5.2m | 1,029,464 | 115% | added | |
| 15 | DSGN DESIGN THERAPEUTICS INC | Healthcare | 1.3% | $5.2m | 1,530,435 | 5% | added |
| 16 | LYEL LYELL IMMUNOPHARMA INC | 1.3% | $5.1m | 579,997 | – | new | |
| 17 | JAPAN SMALLER CAPITALIZATION | 1.2% | $4.9m | 511,819 | 0% | held | |
| 18 | CCAP CRESCENT CAP BDC INC | 1.2% | $4.9m | 348,015 | 1338% | added | |
| 19 | 2662247D ITEOS THERAPEUTICS INC | 1.2% | $4.9m | 487,204 | 77% | added | |
| 20 | BNY MELLON STRATEGIC MUN BD | 1.2% | $4.8m | 851,087 | 0% | held | |
| 21 | ETHA ISHARES ETHEREUM TR | 1.1% | $4.2m | 219,405 | – | new | |
| 22 | MFS HIGH INCOME MUN TR | 1.0% | $4.0m | 1,103,430 | 5% | added | |
| 23 | DTF TAX-FREE INCOME 2028 TER | 1.0% | $3.9m | 350,128 | 13% | added | |
| 24 | MFS INVT GRADE MUN TR | 0.9% | $3.4m | 448,169 | -5% | reduced | |
| 25 | PIONEER FLOATING RATE FUND I | 0.8% | $3.3m | 338,368 | – | new | |
| 26 | ABRDN JAPAN EQUITY FUND INC | 0.8% | $3.1m | 416,628 | 587% | added | |
| 27 | PGIM SHORT DUR HIG YLD OPP F | 0.8% | $3.0m | 178,271 | -9% | reduced | |
| 28 | CENTRAL & EASTERN EUROPE FD | 0.7% | $2.7m | 173,354 | -4% | reduced | |
| 29 | CLOUGH GLOBAL OPPORTUNITIES | 0.6% | $2.3m | 427,680 | 1% | added | |
| 30 | ALLIANCEBERNSTEIN NATL MUN I | 0.6% | $2.2m | 214,484 | 14% | added | |
| 31 | MFS HIGH YIELD MUN TR | 0.5% | $2.2m | 651,635 | 56% | added | |
| 32 | ETH GRAYSCALE ETHEREUM MINI TR E | 0.5% | $2.1m | 89,557 | – | new | |
| 33 | MSGS MADISON SQUARE GRDN SPRT COR | Communication Services | 0.5% | $2.1m | 9,925 | 0% | held |
| 34 | LADR LADDER CAP CORP | Real Estate | 0.5% | $1.9m | 180,693 | 23% | added |
| 35 | ZNTL ZENTALIS PHARMACEUTICALS INC | Healthcare | 0.5% | $1.9m | 1,599,266 | -7% | reduced |
| 36 | PIMCO CALIF MUN INCOME FD | 0.5% | $1.8m | 215,362 | 5% | added | |
| 37 | AVIR ATEA PHARMACEUTICALS INC | Healthcare | 0.4% | $1.6m | 445,386 | -38% | reduced |
| 38 | TWO HARBORS INVENTMENT CORPO | 0.4% | $1.6m | 1,613,000 | 0% | held | |
| 39 | ANTX AN2 THERAPEUTICS INC | 0.4% | $1.5m | 1,428,323 | 9% | added | |
| 40 | BLACKROCK TECH AND PRIVATE E | 0.4% | $1.4m | 195,710 | 1% | added | |
| 41 | WESTERN ASST INFLTN LKD INM | 0.3% | $1.3m | 151,642 | -5% | reduced | |
| 42 | MFIC MIDCAP FINANCIAL INVSTMNT CO | 0.3% | $1.2m | 92,717 | -35% | reduced | |
| 43 | BNY MELLON STRATEGIC MUNS IN | 0.3% | $1.2m | 195,840 | 35% | added | |
| 44 | PIMCO CALIF MUN INCOME FD II | 0.3% | $1.2m | 215,805 | -0% | held | |
| 45 | ALXO ALX ONCOLOGY HLDGS INC | Healthcare | 0.3% | $1.1m | 2,538,355 | 88% | added |
| 46 | BNY MELLON MUN BD INFRASTRUC | 0.3% | $1.0m | 99,948 | -3% | reduced | |
| 47 | FIRST TR EXCHNG TRADED FD VI | 0.2% | $893.5k | 213,254 | – | new | |
| 48 | WHEELER REAL ESTATE INVT TR | 0.2% | $798.6k | 5,271 | 0% | held | |
| 49 | MFA MFA FINL INC | Real Estate | 0.2% | $732.6k | 77,440 | 0% | held |
| 50 | FLGT FULGENT GENETICS INC | Healthcare | 0.2% | $617.5k | 31,060 | 8% | added |
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.