Q1 2025 · 13F-HR
Almitas Capital LLCholdings as filed
Filed 2025-05-15 · accession 0001596468-25-000005
$301.4M
Reported value
81
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 315948109 | FBTC | Fidelity Wise Origin Bitcoin Fund | $118.9M | 39.5% | 1,652,409 | Common | SOLE |
| 09257P105 | BTT | BlackRock Municipal 2030 Target Term Trust | $33.1M | 11.0% | 1,558,862 | Common | SOLE |
| 670972108 | XNQPX | Nuveen Pennsylvania Quality Municipal Income Fund | $8.8M | 2.92% | 783,803 | Common | SOLE |
| 05589T104 | — | BNY Mellon Municipal Income Inc | $7.8M | 2.58% | 1,081,956 | Common | SOLE |
| 03237H101 | AMLX | Amylyx Pharmaceuticals Inc | $7.5M | 2.49% | 2,122,597 | Common | SOLE |
| 27827Y109 | XENWX | Eaton Vance New York Municipal Bond Fund | $6.6M | 2.20% | 698,195 | Common | SOLE |
| 25056L103 | DSGN | Design Therapeutics Inc | $5.6M | 1.86% | 1,452,896 | Common | SOLE |
| 101507101 | STEW | SRH Total Return Fund Inc | $5.2M | 1.73% | 301,991 | Common | SOLE |
| 09662E109 | DSM | BNY Mellon Strategic Municipal Bond Fund Inc | $4.9M | 1.63% | 851,087 | Common | SOLE |
| 592835102 | MXF | Mexico Fund Inc/The | $4.9M | 1.63% | 344,264 | Common | SOLE |
| 47109U104 | JOF | Japan Smaller Capitalization Fund Inc | $4.3M | 1.42% | 511,819 | Common | SOLE |
| 59318D104 | CXE | MFS High Income Municipal Trust | $3.9M | 1.28% | 1,047,002 | Common | SOLE |
| 59318B108 | CXH | MFS Investment Grade Municipal Trust | $3.7M | 1.24% | 470,435 | Common | SOLE |
| 23334J107 | DTF | DTF Tax-Free Income 2028 Term Fund Inc | $3.5M | 1.15% | 309,611 | Common | SOLE |
| 69355J104 | SDHY | PGIM Short Duration High Yield Opportunities Fund | $3.2M | 1.07% | 196,468 | Common | SOLE |
| 640268108 | NKTREUR | Nektar Therapeutics | $3.1M | 1.04% | 4,610,872 | Common | SOLE |
| 09260E105 | BMEZ | BlackRock Health Sciences Term Trust | $3.1M | 1.01% | 204,834 | Common | SOLE |
| 56064Q107 | MEGI | NYLI CBRE Global Infrastructure Megatrends Term Fund | $3.0M | 1.00% | 226,124 | Common | SOLE |
| 67080D103 | NPCT | Nuveen Core Plus Impact Fund | $2.9M | 0.96% | 269,668 | Common | SOLE |
| 98943L107 | ZNTL | Zentalis Pharmaceuticals Inc | $2.7M | 0.90% | 1,710,921 | Common | SOLE |
| 10949T109 | BRSP | BrightSpire Capital Inc | $2.7M | 0.88% | 478,415 | Common | SOLE |
| 13765N107 | CNNE | Cannae Holdings Inc | $2.6M | 0.87% | 143,651 | Common | SOLE |
| 153436100 | CEE | Central and Eastern Europe Fund Inc | $2.6M | 0.86% | 180,190 | Common | SOLE |
| 723762100 | XPMAX | Pioneer Municipal High Income Advantage Fund Inc | $2.6M | 0.85% | 306,517 | Common | SOLE |
| 61745C105 | IIF | Morgan Stanley India Investment Fund Inc | $2.6M | 0.85% | 104,744 | Common | SOLE |
| 723760104 | XMIOX | Pioneer Municipal High Income Opportunities Fund Inc | $2.5M | 0.84% | 214,870 | Common | SOLE |
| 723763108 | XMHIX | Pioneer Municipal High Income Fund Trust | $2.5M | 0.83% | 270,808 | Common | SOLE |
| 04683R106 | AVIR | Atea Pharmaceuticals Inc | $2.1M | 0.71% | 715,005 | Common | SOLE |
| 18914E106 | GLO | Clough Global Opportunities Fund | $2.1M | 0.68% | 421,880 | Common | SOLE |
| 01864U106 | AFB | AllianceBernstein National Municipal Income Fund | $2.0M | 0.68% | 187,470 | Common | SOLE |
| 921908844 | VIG | Vanguard Dividend Appreciation ETF | $2.0M | 0.66% | 10,314 | Common | SOLE |
| 55825T103 | MSGS | Madison Square Garden Sports Corp | $1.9M | 0.64% | 9,910 | Common | SOLE |
| 03761U502 | MFIC | MidCap Financial Investment Corp | $1.8M | 0.61% | 142,884 | Common | SOLE |
| 72200N106 | XPCQX | PIMCO California Municipal Income Fund | $1.8M | 0.60% | 204,489 | Common | SOLE |
| 037326105 | ANTX | AN2 Therapeutics Inc | $1.8M | 0.59% | 1,313,111 | Common | SOLE |
| 505743104 | LADR | Ladder Capital Corp | $1.7M | 0.55% | 146,523 | Common | SOLE |
| 46565G104 | 5E7 | iTeos Therapeutics Inc | $1.6M | 0.54% | 275,120 | Common | SOLE |
| 90187BAB7 | TWO 6.25 01/15/26 | Two Harbors Investment Corp | $1.6M | 0.53% | 1,613,000 | Common | SOLE |
| 59318E102 | CMU | MFS High Yield Municipal Trust | $1.5M | 0.48% | 416,545 | Common | SOLE |
| 89147L886 | TYG | Tortoise Energy Infrastructure Corp | $1.4M | 0.46% | 32,261 | Common | SOLE |
| 55083R104 | — | Lyell Immunopharma Inc | $1.3M | 0.44% | 2,482,606 | Common | SOLE |
| 95766Q106 | XWIAX | Western Asset Inflation-Linked Income Fund | $1.3M | 0.44% | 159,057 | Common | SOLE |
| 72200M108 | XPCKX | PIMCO California Municipal Income Fund II | $1.2M | 0.41% | 216,458 | Common | SOLE |
| 09260Q108 | BTX | BlackRock Innovation and Growth Term Trust | $1.2M | 0.40% | 193,389 | Common | SOLE |
| 09662W109 | DMB | BNY Mellon Municipal Bond Infrastructure Fund Inc | $1.1M | 0.36% | 103,475 | Common | SOLE |
| 963025804 | WHLR 7 12/31/31 | Wheeler REIT INC | $966,491 | 0.32% | 5,271 | Common | SOLE |
| 33733G109 | — | First Trust Specialty Finance and Financial Opportunities Fund | $916,992 | 0.30% | 213,254 | Common | SOLE |
| 05588W108 | LEO | BNY Mellon Strategic Municipals Inc | $887,486 | 0.29% | 145,014 | Common | SOLE |
| 16934Q802 | CIM | Chimera Investment Corp | $857,544 | 0.28% | 66,839 | Common | SOLE |
| 75120L100 | — | Rallybio Corp | $851,230 | 0.28% | 1,300,581 | Common | SOLE |
| 00166B105 | ALXO | ALX Oncology Holdings Inc | $843,007 | 0.28% | 1,353,141 | Common | SOLE |
| 55272X607 | MFA | MFA Financial Inc | $794,534 | 0.26% | 77,440 | Common | SOLE |
| 25065A502 | DMA | Destra Multi-Alternative Fund | $736,047 | 0.24% | 86,798 | Common | SOLE |
| 09254L107 | MUC | BlackRock MuniHoldings California Quality Fund Inc | $709,184 | 0.24% | 66,217 | Common | SOLE |
| 155123102 | CET | Central Securities Corp | $707,446 | 0.23% | 15,735 | Common | SOLE |
| 92840H400 | VTGN | Vistagen Therapeutics Inc | $636,638 | 0.21% | 254,655 | Common | SOLE |
| 27826F101 | CEV | Eaton Vance California Municipal Income Trust | $614,527 | 0.20% | 61,330 | Common | SOLE |
| 298768102 | EEA | European Equity Fund Inc/The | $582,182 | 0.19% | 63,976 | Common | SOLE |
| 12674W109 | CABA | Cabaletta Bio Inc | $508,975 | 0.17% | 367,491 | Common | SOLE |
| 02157Q109 | ANRO | Alto Neuroscience Inc | $506,274 | 0.17% | 234,386 | Common | SOLE |
| 880191101 | EMF | Templeton Emerging Markets Fund/United States | $488,570 | 0.16% | 38,021 | Common | SOLE |
| 359664109 | FLGT | Fulgent Genetics Inc | $485,334 | 0.16% | 28,718 | Common | SOLE |
| 649604840 | ADAM | New York Mortgage Trust Inc | $457,623 | 0.15% | 70,512 | Common | SOLE |
| 18914C100 | XGLQX | Clough Global Equity Fund | $444,829 | 0.15% | 70,720 | Common | SOLE |
| 225655109 | CCAP | Crescent Capital BDC Inc | $414,304 | 0.14% | 24,200 | Common | SOLE |
| 014442107 | ALEC | Alector Inc | $395,529 | 0.13% | 321,568 | Common | SOLE |
| 00306J109 | XJEQX | abrdn Japan Equity Fund Inc | $394,035 | 0.13% | 60,604 | Common | SOLE |
| 21924B302 | CLM | Cornerstone Strategic Investment Fund Inc | $360,838 | 0.12% | 48,565 | Common | SOLE |
| 10170A100 | BOLD | Boundless Bio Inc | $353,911 | 0.12% | 234,378 | Common | SOLE |
| 72200Y102 | PNI | PIMCO New York Municipal Income Fund II | $326,997 | 0.11% | 46,186 | Common | SOLE |
| 874036106 | TWN | Taiwan Fund Inc/The/MD | $283,846 | 0.09% | 8,547 | Common | SOLE |
| 92835W107 | ZTR | Virtus Total Return Fund Inc | $268,614 | 0.09% | 44,994 | Common | SOLE |
| 88018T101 | TDF | Templeton Dragon Fund Inc | $244,198 | 0.08% | 25,175 | Common | SOLE |
| 95766R104 | WIW | Western Asset Inflation-Linked Opportunities & Income Fund | $197,977 | 0.07% | 22,523 | Common | SOLE |
| 78081T104 | RGT | Royce Global Trust Inc | $156,818 | 0.05% | 14,935 | Common | SOLE |
| 72201C109 | XPZCX | PIMCO California Municipal Income Fund III | $152,666 | 0.05% | 23,415 | Common | SOLE |
| 617477104 | EDD | Morgan Stanley Emerging Markets Domestic Debt Fund Inc | $137,503 | 0.05% | 29,256 | Common | SOLE |
| 47804L102 | HEQ | John Hancock Diversified Income Fund | $131,737 | 0.04% | 12,667 | Common | SOLE |
| 36249W104 | GGZ | Gabelli Global Small and Mid Cap Value Trust/The | $129,600 | 0.04% | 10,800 | Common | SOLE |
| 72201E105 | — | PIMCO New York Municipal Income Fund III | $71,081 | 0.02% | 12,603 | Common | SOLE |
| 444097109 | — | Hudson Pacific Properties Inc | $52,301 | 0.02% | 17,729 | 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.