Q4 2023 · 13F-HR
Almitas Capital LLCholdings as filed
Filed 2024-02-14 · accession 0001596468-24-000005
$290.2M
Reported value
116
Positions
2023-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 38983D409 | RPT 7.25 04/30/24 | Great Ajax Corp | $22.0M | 7.57% | 893,646 | Common | SOLE |
| 09260E105 | BMEZ | BlackRock Health Sciences Term Trust | $18.9M | 6.53% | 1,293,211 | Common | SOLE |
| 67080D103 | NPCT | Nuveen Core Plus Impact Fund | $17.3M | 5.95% | 1,712,647 | Common | SOLE |
| 600379101 | XHIEX | Miller/Howard High Dividend Fund | $11.6M | 3.98% | 1,089,168 | Common | SOLE |
| 092533108 | BKCCUSD | BlackRock Capital Investment Corp | $11.3M | 3.90% | 2,926,685 | Common | SOLE |
| 670972108 | XNQPX | Nuveen Pennsylvania Quality Municipal Income Fund | $10.6M | 3.65% | 915,235 | Common | SOLE |
| 09262F100 | ECAT | BlackRock ESG Capital Allocation Term Trust | $10.1M | 3.46% | 623,201 | Common | SOLE |
| 69355J104 | SDHY | PGIM Short Duration High Yield Opportunities Fund | $8.0M | 2.76% | 534,905 | Common | SOLE |
| 27827Y109 | XENWX | Eaton Vance New York Municipal Bond Fund | $7.8M | 2.68% | 805,172 | Common | SOLE |
| 69346N107 | PDX | PIMCO Energy & Tactical Credit Opportunities Fund | $6.8M | 2.35% | 333,376 | Common | SOLE |
| 38983D300 | — | Great Ajax Corp | $6.3M | 2.16% | 1,185,097 | Common | SOLE |
| 09248E102 | XBFZX | BlackRock California Municipal Income Trust | $5.6M | 1.94% | 468,805 | Common | SOLE |
| 68571X301 | ORC | Orchid Island Capital Inc | $5.4M | 1.85% | 637,430 | Common | SOLE |
| 67075A106 | XJPIX | Nuveen Preferred & Income Term Fund | $5.0M | 1.72% | 272,766 | Common | SOLE |
| 641876800 | — | New America High Income Fund Inc/The | $5.0M | 1.71% | 706,870 | Common | SOLE |
| 56064K100 | MMD | MainStay MacKay DefinedTerm Municipal Opportunities Fund | $4.8M | 1.66% | 297,003 | Common | SOLE |
| 89148B200 | NTG | Tortoise Midstream Energy Fund Inc | $4.6M | 1.59% | 132,739 | Common | SOLE |
| 27828A100 | XEVMX | Eaton Vance California Municipal Bond Fund | $4.4M | 1.51% | 477,953 | Common | SOLE |
| 233368109 | KTF | DWS Municipal Income Trust | $4.2M | 1.43% | 467,648 | Common | SOLE |
| G3156P103 | ASA | ASA Gold and Precious Metals Ltd | $4.1M | 1.40% | 269,849 | Common | SOLE |
| 90187BAB7 | TWO 6.25 01/15/26 | Two Harbors Investment Corp | $4.0M | 1.39% | 4,250,000 | Common | SOLE |
| 18469Q207 | — | ClearBridge MLP & Midstream Total Return Fund Inc | $4.0M | 1.39% | 111,195 | Common | SOLE |
| 05589T104 | — | BNY Mellon Municipal Income Inc | $3.9M | 1.36% | 606,458 | Common | SOLE |
| 368802104 | GAM | General American Investors Co Inc | $3.8M | 1.30% | 88,016 | Common | SOLE |
| 23334J107 | DTF | DTF Tax-Free Income 2028 Term Fund Inc | $3.8M | 1.30% | 351,091 | Common | SOLE |
| 59318B108 | CXH | MFS Investment Grade Municipal Trust | $3.7M | 1.28% | 491,954 | Common | SOLE |
| 61745C105 | IIF | Morgan Stanley India Investment Fund Inc | $3.7M | 1.26% | 170,163 | Common | SOLE |
| 592835102 | MXF | Mexico Fund Inc/The | $3.1M | 1.06% | 160,856 | Common | SOLE |
| 874036106 | TWN | Taiwan Fund Inc/The/MD | $3.0M | 1.05% | 88,124 | Common | SOLE |
| 67069Y102 | XNXJX | Nuveen New Jersey Quality Municipal Income Fund | $2.8M | 0.97% | 240,075 | Common | SOLE |
| 25065A502 | DMA | Destra Multi-Alternative Fund | $2.8M | 0.97% | 451,699 | Common | SOLE |
| 25056L103 | DSGN | Design Therapeutics Inc | $2.7M | 0.94% | 1,026,068 | Common | SOLE |
| 035710839 | NLY | Annaly Capital Management Inc | $2.7M | 0.93% | 139,493 | Common | SOLE |
| 59318D104 | CXE | MFS High Income Municipal Trust | $2.6M | 0.91% | 745,919 | Common | SOLE |
| 12812C106 | CPZ | Calamos Long/Short Equity & Dynamic Income Trust | $2.6M | 0.88% | 176,596 | Common | SOLE |
| 617477104 | EDD | Morgan Stanley Emerging Markets Domestic Debt Fund Inc | $2.5M | 0.86% | 538,182 | Common | SOLE |
| 10949T109 | BRSP | BrightSpire Capital Inc | $2.5M | 0.85% | 332,001 | Common | SOLE |
| 649604840 | ADAM | New York Mortgage Trust Inc | $2.4M | 0.83% | 281,326 | Common | SOLE |
| 47109U104 | JOF | Japan Smaller Capitalization Fund Inc | $2.3M | 0.78% | 298,460 | Common | SOLE |
| 101507101 | STEW | SRH Total Return Fund Inc | $2.3M | 0.78% | 162,267 | Common | SOLE |
| 89148H207 | XTTPX | Tortoise Pipeline & Energy Fund Inc | $2.2M | 0.76% | 78,585 | Common | SOLE |
| 89147L886 | TYG | Tortoise Energy Infrastructure Corp | $2.1M | 0.72% | 72,664 | Common | SOLE |
| 09254L107 | MUC | BlackRock MuniHoldings California Quality Fund Inc | $1.9M | 0.67% | 173,834 | Common | SOLE |
| 155123102 | CET | Central Securities Corp | $1.9M | 0.65% | 49,584 | Common | SOLE |
| 09257P105 | BTT | BlackRock Municipal 2030 Target Term Trust | $1.8M | 0.62% | 87,115 | Common | SOLE |
| 95766R104 | WIW | Western Asset Inflation-Linked Opportunities & Income Fund | $1.8M | 0.61% | 205,674 | Common | SOLE |
| 18913Y103 | GLV | Clough Global Dividend and Income Fund | $1.7M | 0.58% | 326,583 | Common | SOLE |
| 05588W108 | LEO | BNY Mellon Strategic Municipals Inc | $1.7M | 0.58% | 285,933 | Common | SOLE |
| 27826F101 | CEV | Eaton Vance California Municipal Income Trust | $1.7M | 0.57% | 160,109 | Common | SOLE |
| 46131T101 | VTN | Invesco Trust for Investment Grade New York Municipals | $1.6M | 0.55% | 152,979 | Common | SOLE |
| 09253N104 | MHD | BlackRock MuniHoldings Fund Inc | $1.6M | 0.53% | 130,301 | Common | SOLE |
| 33738G104 | — | First Trust Energy Income and Growth Fund | $1.5M | 0.51% | 101,846 | Common | SOLE |
| 33739B104 | — | First Trust MLP and Energy Income Fund | $1.5M | 0.51% | 171,191 | Common | SOLE |
| 23342Q101 | — | DWS Strategic Municipal Income Trust | $1.4M | 0.49% | 163,393 | Common | SOLE |
| 24610T108 | VFL | ABRDN National Municipal Income Fund | $1.4M | 0.47% | 134,773 | Common | SOLE |
| 46132K109 | VPV | Invesco Pennsylvania Value Municipal Income Trust | $1.3M | 0.46% | 133,606 | Common | SOLE |
| 723760104 | XMIOX | Pioneer Municipal High Income Opportunities Fund Inc | $1.3M | 0.44% | 121,792 | Common | SOLE |
| 92840R101 | NFJ | Virtus Dividend Interest & Premium Strategy Fund | $1.2M | 0.41% | 94,063 | Common | SOLE |
| 92912X101 | IDE | Voya Infrastructure Industrials and Materials Fund | $1.1M | 0.38% | 107,662 | Common | SOLE |
| 33738C103 | — | First Trust Energy Infrastructure Fund | $1.1M | 0.36% | 63,927 | Common | SOLE |
| 338478100 | XFFCX | Flaherty & Crumrine Preferred and Income Securities Fund Inc | $1.0M | 0.36% | 74,631 | Common | SOLE |
| 112830104 | RA | Brookfield Real Assets Income Fund Inc | $950,604 | 0.33% | 74,208 | Common | SOLE |
| 231647207 | NXG | NXG NextGen Infrastructure Income Fund | $916,896 | 0.32% | 25,799 | Common | SOLE |
| 09257R101 | BGB | Blackstone Strategic Credit 2027 Term Fund | $907,389 | 0.31% | 80,158 | Common | SOLE |
| 41013P749 | — | John Hancock Tax-Advantaged Global Shareholder Yield Fund | $833,569 | 0.29% | 163,125 | Common | SOLE |
| 09662E109 | DSM | BNY Mellon Strategic Municipal Bond Fund Inc | $789,105 | 0.27% | 138,197 | Common | SOLE |
| 153436100 | CEE | Central and Eastern Europe Fund Inc | $769,499 | 0.27% | 78,923 | Common | SOLE |
| 71742W103 | PFX | PhenixFIN Corp | $752,781 | 0.26% | 17,818 | Common | SOLE |
| 18914E106 | GLO | Clough Global Opportunities Fund | $741,138 | 0.26% | 157,689 | Common | SOLE |
| 552848103 | MTG | MGIC Investment Corp | $731,593 | 0.25% | 37,926 | Common | SOLE |
| 750236101 | RDN | Radian Group Inc | $723,999 | 0.25% | 25,359 | Common | SOLE |
| 56064Q107 | MEGI | MainStay CBRE Global Infrastructure Megatrends Term Fund | $686,071 | 0.24% | 52,856 | Common | SOLE |
| 65373J209 | — | Nicholas Financial Inc | $664,636 | 0.23% | 96,324 | Common | SOLE |
| 64124P101 | NBH | Neuberger Berman Municipal Fund Inc | $652,640 | 0.22% | 63,057 | Common | SOLE |
| 64133Q108 | NBXG | Neuberger Berman Next Generation Connectivity Fund Inc | $641,722 | 0.22% | 58,712 | Common | SOLE |
| 617468103 | XCAFX | Morgan Stanley China A Share Fund Inc | $616,935 | 0.21% | 48,425 | Common | SOLE |
| 05588N108 | XDCFX | BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc | $608,243 | 0.21% | 74,631 | Common | SOLE |
| 09248L106 | XBNYX | BlackRock New York Municipal Income Trust | $599,220 | 0.21% | 56,906 | Common | SOLE |
| 958435109 | SBI | Western Asset Intermediate Muni Fund Inc | $567,967 | 0.20% | 73,762 | Common | SOLE |
| 67066Y105 | NAC | Nuveen California Quality Municipal Income Fund | $528,705 | 0.18% | 47,674 | Common | SOLE |
| 723762100 | XPMAX | Pioneer Municipal High Income Advantage Fund Inc | $516,424 | 0.18% | 64,392 | Common | SOLE |
| 09255G107 | MPA | BlackRock MuniYield Pennsylvania Quality Fund | $472,411 | 0.16% | 40,620 | Common | SOLE |
| 505743104 | LADR | Ladder Capital Corp | $465,361 | 0.16% | 40,431 | Common | SOLE |
| 70932AAF0 | PMT 5.5 03/15/26 | PennyMac Corp | $456,250 | 0.16% | 500,000 | Common | SOLE |
| 092508100 | BTZ | BlackRock Credit Allocation Income Trust | $439,859 | 0.15% | 42,622 | Common | SOLE |
| 95790A101 | IGI | Western Asset Investment Grade Defined Opportunity Trust Inc | $414,519 | 0.14% | 23,579 | Common | SOLE |
| 09256U105 | BSL | Blackstone Senior Floating Rate 2027 Term Fund | $369,915 | 0.13% | 27,709 | Common | SOLE |
| 500634209 | KF | Korea Fund Inc/The | $360,360 | 0.12% | 15,400 | Common | SOLE |
| 592834105 | MXE | Mexico Equity and Income Fund Inc/The | $359,386 | 0.12% | 32,088 | Common | SOLE |
| 963025804 | WHLR 7 12/31/31 | WHEELER REIT INC | $316,320 | 0.11% | 5,272 | Common | SOLE |
| 36246K103 | GRX | Gabelli Healthcare & WellnessRx Trust/The | $311,790 | 0.11% | 33,418 | Common | SOLE |
| 46133G107 | IQI | Invesco Quality Municipal Income Trust | $305,965 | 0.11% | 32,173 | Common | SOLE |
| 09253X102 | XMUIX | BlackRock Municipal Income Fund Inc | $296,715 | 0.10% | 25,491 | Common | SOLE |
| 92535C104 | CCIF | Carlyle Credit Income Fund | $280,563 | 0.10% | 35,291 | Common | SOLE |
| 84741T104 | SPE | Special Opportunities Fund Inc | $280,086 | 0.10% | 23,616 | Common | SOLE |
| 644465106 | GF | New Germany Fund Inc/The | $275,948 | 0.10% | 31,573 | Common | SOLE |
| 723763108 | XMHIX | Pioneer Municipal High Income Fund Trust | $264,354 | 0.09% | 30,632 | Common | SOLE |
| 670656107 | NRK | Nuveen New York AMT-Free Quality Municipal Income Fund | $263,250 | 0.09% | 25,000 | Common | SOLE |
| 59318E102 | CMU | MFS High Yield Municipal Trust | $255,827 | 0.09% | 77,289 | Common | SOLE |
| 09255C106 | — | BlackRock MuniHoldings New York Quality Fund Inc | $248,530 | 0.09% | 23,647 | Common | SOLE |
| 172967424 | C | Citigroup Inc | $231,480 | 0.08% | 4,500 | Common | SOLE |
| 09255E102 | MYN | BlackRock MuniYield New York Quality Fund Inc | $217,302 | 0.07% | 21,036 | Common | SOLE |
| 92262D101 | VEL | Velocity Financial Inc | $208,706 | 0.07% | 12,120 | Common | SOLE |
| 31423P108 | FMN | Federated Hermes Premier Municipal Income Fund | $196,424 | 0.07% | 17,873 | Common | SOLE |
| 33733G109 | — | First Trust Specialty Finance and Financial Opportunities Fund | $164,623 | 0.06% | 45,984 | Common | SOLE |
| 72200T103 | — | PIMCO New York Municipal Income Fund | $160,564 | 0.06% | 20,428 | Common | SOLE |
| 67061W104 | NAZ | Nuveen Arizona Quality Municipal Income Fund | $128,134 | 0.04% | 11,964 | Common | SOLE |
| 46131J103 | VKQ | Invesco Municipal Trust | $127,368 | 0.04% | 13,365 | Common | SOLE |
| 27901F109 | XTEAX | Ecofin Sustainable and Social | $120,519 | 0.04% | 10,292 | Common | SOLE |
| 85207Q104 | SPPP | Sprott Physical Platinum & Palladium Trust | $119,062 | 0.04% | 11,800 | Common | SOLE |
| 67064R102 | NPV | Nuveen Virginia Quality Municipal Income Fund | $113,955 | 0.04% | 10,571 | Common | SOLE |
| 880192109 | TEI | Templeton Emerging Markets Income Fund | $86,751 | 0.03% | 17,010 | Common | SOLE |
| 95766Q106 | XWIAX | Western Asset Inflation-Linked Income Fund | $84,277 | 0.03% | 10,379 | Common | SOLE |
| 09660L105 | DHF | BNY Mellon High Yield Strategies Fund | $80,764 | 0.03% | 35,268 | Common | SOLE |
| 288578107 | EARN | Ellington Residential Mortgage REIT | $71,617 | 0.02% | 11,683 | Common | SOLE |
| 72200M108 | XPCKX | PIMCO California Municipal Income Fund II | $61,845 | 0.02% | 10,663 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.