Q1 2026 · 13F-HR
Almitas Capital LLCholdings as filed
Filed 2026-05-15 · accession 0001596468-26-000012
$442.5M
Reported value
115
Positions
2026-03-31
Period end
The Brief · Almitas Capital LLC · Q1 2026
AI · grounded in 13F
Almitas Capital LLC closed its position in FETH for a reduction of $19.2M. The fund also exited positions in ISHARES ETHEREUM TR for $4.9M and HYG for $4.8M. On the buy side, the fund established a new position in BIO worth $8.4M. Other notable activity includes increasing shares of PDX by 257.9% and BMEZ by 231.1%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 315948109 | FBTC | FIDELITY WISE ORIGIN BITCOIN | $90.7M | 20.5% | 1,536,637 | Common | SOLE |
| 09257P105 | BTT | BLACKROCK MUN TARGET TERM TR | $33.7M | 7.62% | 1,486,013 | Common | SOLE |
| G3156P103 | ASA | ASA GOLD AND PRECIOUS MTLS L | $32.6M | 7.37% | 525,666 | Common | SOLE |
| 03237H101 | AMLX | AMYLYX PHARMACEUTICALS INC | $29.5M | 6.67% | 2,122,597 | Common | SOLE |
| 25056L103 | DSGN | DESIGN THERAPEUTICS INC | $16.3M | 3.68% | 1,530,335 | Common | SOLE |
| 670972108 | XNQPX | NUVEEN PA INVT QUALITY MUN F | $12.6M | 2.85% | 1,057,494 | Common | SOLE |
| 69346N107 | PDX | PIMCO DYNAMIC INCOME STRATEG | $11.9M | 2.70% | 541,492 | Common | SOLE |
| 55083R203 | LYEL | LYELL IMMUNOPHARMA INC | $11.6M | 2.62% | 577,807 | Common | SOLE |
| 090572207 | BIO | BIO RAD LABS INC | $8.4M | 1.91% | 30,254 | Common | SOLE |
| 13765N107 | CNNE | CANNAE HLDGS INC | $8.4M | 1.90% | 741,318 | Common | SOLE |
| 21924U300 | CRF | CORNERSTONE TOTAL RETURN FD | $7.8M | 1.75% | 1,115,348 | Common | SOLE |
| 09260E105 | BMEZ | BLACKROCK HEALTH SCIENCES TE | $7.3M | 1.64% | 506,395 | Common | SOLE |
| 00166B105 | ALXO | ALX ONCOLOGY HLDGS INC | $6.4M | 1.44% | 3,173,834 | Common | SOLE |
| 10949T109 | BRSP | BRIGHTSPIRE CAPITAL INC | $5.7M | 1.29% | 1,015,903 | Common | SOLE |
| 09662E109 | DSM | BNY MELLON STRATEGIC MUN BD | $5.6M | 1.26% | 926,301 | Common | SOLE |
| 59318E102 | CMU | MFS HIGH YIELD MUN TR | $5.4M | 1.21% | 1,497,718 | Common | SOLE |
| 72200N106 | XPCQX | PIMCO CALIF MUN INCOME FD | $5.3M | 1.20% | 617,015 | Common | SOLE |
| 939653101 | ELME | ELME COMMUNITIES | $5.2M | 1.18% | 2,607,372 | Common | SOLE |
| 610335101 | MRCC | MONROE CAP CORP | $5.2M | 1.17% | 1,277,717 | Common | SOLE |
| 037326105 | ANTX | AN2 THERAPEUTICS INC | $5.1M | 1.14% | 1,479,129 | Common | SOLE |
| 59318D104 | CXE | MFS HIGH INCOME MUN TR | $4.7M | 1.06% | 1,266,853 | Common | SOLE |
| 56064Q107 | MEGI | NYLI CBRE GBL INFR MEGTRNDS | $4.6M | 1.05% | 316,133 | Common | SOLE |
| 47109U104 | JOF | JAPAN SMALLER CAPITALIZATION | $4.4M | 0.99% | 402,956 | Common | SOLE |
| 225655109 | CCAP | CRESCENT CAP BDC INC | $4.3M | 0.98% | 356,905 | Common | SOLE |
| 23334J107 | DTF | DTF TAX-FREE INCOME 2028 TER | $4.1M | 0.92% | 355,089 | Common | SOLE |
| 592835102 | MXF | MEXICO FD INC | $3.8M | 0.87% | 183,505 | Common | SOLE |
| 33733U108 | FCT | FIRST TR SR FLTG RATE INCOME | $3.7M | 0.83% | 382,863 | Common | SOLE |
| 18914E106 | GLO | CLOUGH GLOBAL OPPORTUNITIES | $3.7M | 0.83% | 660,796 | Common | SOLE |
| 59318B108 | CXH | MFS INVT GRADE MUN TR | $3.6M | 0.82% | 454,829 | Common | SOLE |
| 644323107 | FSSL | FS SPECIALTY LENDING FD | $3.4M | 0.76% | 268,810 | Common | SOLE |
| 72200Y102 | PNI | PIMCO NEW YORK MUN FD II | $3.3M | 0.76% | 488,740 | Common | SOLE |
| 21924B302 | CLM | CORNERSTONE STRATEGIC INVEST | $3.2M | 0.73% | 442,014 | Common | SOLE |
| 55825T103 | MSGS | MADISON SQUARE GRDN SPRT COR | $3.2M | 0.72% | 9,925 | Common | SOLE |
| 153436100 | CEE | CENTRAL & EASTERN EUROPE FD | $3.2M | 0.72% | 173,254 | Common | SOLE |
| 67072T108 | JFR | NUVEEN FLOATING RATE INCOME | $3.1M | 0.70% | 411,628 | Common | SOLE |
| 293389102 | EBF | ENNIS INC | $3.0M | 0.67% | 138,956 | Common | SOLE |
| 880198205 | SABA | SABA CAPITAL INCOME & OPPORT | $2.9M | 0.65% | 347,826 | Common | SOLE |
| 69355J104 | SDHY | PGIM SHORT DUR HIG YLD OPP F | $2.9M | 0.65% | 178,921 | Common | SOLE |
| 505743104 | LADR | LADDER CAP CORP | $2.8M | 0.64% | 290,477 | Common | SOLE |
| 87266M107 | TRTX | TPG RE FIN TR INC | $2.6M | 0.58% | 327,832 | Common | SOLE |
| 18914C100 | XGLQX | CLOUGH GLOBAL EQUITY FD | $2.5M | 0.56% | 330,954 | Common | SOLE |
| 01864U106 | AFB | ALLIANCEBERNSTEIN NATL MUN I | $2.3M | 0.52% | 214,282 | Common | SOLE |
| 33741Q107 | FTHY | FIRST TR HIGH YIELD OPPRT 20 | $2.2M | 0.51% | 166,264 | Common | SOLE |
| 72815G108 | MYPS | PLAYSTUDIOS INC | $2.2M | 0.50% | 4,704,534 | Common | SOLE |
| 530158104 | USA | LIBERTY ALL STAR EQUITY FD | $2.2M | 0.50% | 395,485 | Common | SOLE |
| 101507101 | STEW | SRH TOTAL RETURN FUND INC | $2.0M | 0.45% | 116,755 | Common | SOLE |
| 09662W109 | DMB | BNY MELLON MUN BD INFRASTRUC | $1.9M | 0.44% | 182,924 | Common | SOLE |
| 879080109 | TRC | TEJON RANCH CO | $1.8M | 0.40% | 94,997 | Common | SOLE |
| 02157Q109 | ANRO | ALTO NEUROSCIENCE INC | $1.8M | 0.40% | 78,520 | Common | SOLE |
| 75120L209 | RLYB | RALLYBIO CORP | $1.7M | 0.39% | 191,206 | Common | SOLE |
| 359664109 | FLGT | FULGENT GENETICS INC | $1.7M | 0.38% | 104,797 | Common | SOLE |
| 09257R101 | BGB | BLACKSTONE STRATEGIC CRED 20 | $1.6M | 0.36% | 144,834 | Common | SOLE |
| 03761U502 | MFIC | MIDCAP FINANCIAL INVSTMNT CO | $1.6M | 0.36% | 140,477 | Common | SOLE |
| 98943L107 | ZNTL | ZENTALIS PHARMACEUTICALS INC | $1.4M | 0.32% | 610,073 | Common | SOLE |
| 6706EW100 | XSSPX | NUVEEN S&P 500 DYNAMIC OVERW | $1.4M | 0.32% | 88,552 | Common | SOLE |
| 861780104 | BANX | ARROWMARK FINANCIAL CORP | $1.4M | 0.32% | 73,252 | Common | SOLE |
| 67074Y105 | JRI | NUVEEN REAL ASSET INCOME & G | $1.4M | 0.31% | 110,414 | Common | SOLE |
| 05588W108 | LEO | BNY MELLON STRATEGIC MUNS IN | $1.2M | 0.28% | 197,096 | Common | SOLE |
| 55272X607 | MFA | MFA FINL INC | $1.2M | 0.28% | 128,086 | Common | SOLE |
| 85571B105 | STWD | STARWOOD PPTY TR INC | $1.2M | 0.28% | 71,000 | Common | SOLE |
| 874036106 | TWN | TAIWAN FD INC | $1.2M | 0.28% | 18,570 | Common | SOLE |
| 302635206 | FSK | FS KKR CAP CORP | $1.1M | 0.26% | 111,600 | Common | SOLE |
| 19248A109 | UTF | COHEN & STEERS INFRASTRUCTUR | $997,985 | 0.23% | 38,562 | Common | SOLE |
| 12674W109 | CABA | CABALETTA BIO INC | $907,582 | 0.21% | 337,391 | Common | SOLE |
| 67090S108 | NCDL | NUVEEN CHURCHILL DIRECT LEND | $892,435 | 0.20% | 70,160 | Common | SOLE |
| 67080D103 | NPCT | NUVEEN CORE PLUS IMPACT FUND | $870,053 | 0.20% | 85,383 | Common | SOLE |
| 35243J101 | FBRT | FRANKLIN BSP RLTY TR INC | $840,968 | 0.19% | 99,054 | Common | SOLE |
| 820014405 | SBET | SHARPLINK INC | $801,625 | 0.18% | 124,283 | Common | SOLE |
| 269817102 | EIC | EAGLE POINT INCOME COMPANY I | $760,364 | 0.17% | 80,547 | Common | SOLE |
| 444097406 | HPP | HUDSON PACIFIC PROPERTIES IN | $735,192 | 0.17% | 124,398 | Common | SOLE |
| 529900102 | ASG | LIBERTY ALL-STAR GROWTH FD I | $655,429 | 0.15% | 137,985 | Common | SOLE |
| 652526203 | NEWT | NEWTEKONE INC | $586,592 | 0.13% | 53,570 | Common | SOLE |
| 09256U105 | BSL | BLACKSTONE SENI FLTN RAT 202 | $575,899 | 0.13% | 44,471 | Common | SOLE |
| 27828Q105 | XEFRX | EATON VANCE SR FLTNG RTE TR | $524,702 | 0.12% | 49,782 | Common | SOLE |
| 93148P102 | WD | WALKER & DUNLOP INC | $514,808 | 0.12% | 11,600 | Common | SOLE |
| 92535C104 | CCIF | CARLYLE CREDIT INCOME FUND | $506,169 | 0.11% | 157,685 | Common | SOLE |
| 149568107 | CVCO | CAVCO INDS INC DEL | $480,416 | 0.11% | 992 | Common | SOLE |
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $471,497 | 0.11% | 725 | Common | SOLE |
| 872280102 | CGBD | CARLYLE SECURED LENDING INC | $469,162 | 0.11% | 42,885 | Common | SOLE |
| 95766Q106 | XWIAX | WESTERN ASSET INFLT LNK INC | $458,395 | 0.10% | 56,732 | Common | SOLE |
| 38147U107 | GSBD | GOLDMAN SACHS BDC INC | $444,000 | 0.10% | 50,000 | Common | SOLE |
| 42968F108 | PCF | HIGH INCOME SECS FD | $429,495 | 0.10% | 77,807 | Common | SOLE |
| 963025804 | WHLR 7 12/31/31 | WHEELER REAL ESTATE INVT TR | $421,680 | 0.10% | 5,271 | Common | SOLE |
| 830830105 | SKY | CHAMPION HOMES INC | $371,850 | 0.08% | 5,000 | Common | SOLE |
| 25065A502 | DMA | DESTRA MULTI-ALTERNATIVE FD | $366,515 | 0.08% | 45,193 | Common | SOLE |
| 16934Q802 | CIM | CHIMERA INVT CORP | $366,171 | 0.08% | 29,177 | Common | SOLE |
| 389923103 | GDOG | GRAYSCALE DOGECOIN TR ETF | $359,476 | 0.08% | 33,254 | Common | SOLE |
| 647551100 | NMFC | NEW MTN FIN CORP | $349,200 | 0.08% | 45,000 | Common | SOLE |
| 00444T209 | TLPH | TALPHERA INC | $348,916 | 0.08% | 467,152 | Common | SOLE |
| 26433C105 | DPG | DUFF & PHELPS UTLITY AND INF | $325,839 | 0.07% | 22,565 | Common | SOLE |
| 09259E108 | TCPC | BLACKROCK TCP CAPITAL CORP | $306,850 | 0.07% | 85,000 | Common | SOLE |
| 61774A103 | MSDL | MORGAN STANLEY DIRECT LENDIN | $279,200 | 0.06% | 20,000 | Common | SOLE |
| 870875101 | SWZ | TOTAL RETURN SECURITIES FUND | $275,472 | 0.06% | 46,454 | Common | SOLE |
| 231647207 | NXG | NXG NEXTGEN INFRASTR INCM FD | $274,650 | 0.06% | 5,000 | Common | SOLE |
| 09257D102 | BGX | BLACKSTONE LONG SHORT CR INC | $273,427 | 0.06% | 25,085 | Common | SOLE |
| 76882G107 | OPP | RIVERNORTH DOUBLELINE STRATE | $260,496 | 0.06% | 33,963 | Common | SOLE |
| 38173M102 | GBDC | GOLUB CAP BDC INC | $253,200 | 0.06% | 20,000 | Common | SOLE |
| 04013V108 | ACRE | ARES COML REAL ESTATE CORP | $244,786 | 0.06% | 50,997 | Common | SOLE |
| 09258A107 | BIT | BLACKROCK MULTI SECTOR INC T | $244,678 | 0.06% | 19,543 | Common | SOLE |
| 87911K100 | HQL | ABRDN LIFE SCIENCES INVESTOR | $242,016 | 0.05% | 14,875 | Common | SOLE |
| 68236V401 | FRMM | FORUM MARKETS INC | $232,379 | 0.05% | 80,408 | Common | SOLE |
| 27826S103 | EVF | EATON VANCE SR INCOME TR | $214,191 | 0.05% | 42,924 | Common | SOLE |
| 59318T109 | CIF | MFS INTER HIGH INCOME FD | $206,523 | 0.05% | 127,491 | Common | SOLE |
| 09660L105 | DHF | BNY MELLON HIGH YIELD STRATE | $193,407 | 0.04% | 79,265 | Common | SOLE |
| 05684B107 | BCSF | BAIN CAP SPECIALTY FIN INC | $186,000 | 0.04% | 15,000 | Common | SOLE |
| 09262F100 | ECAT | BLACKROCK ESG CAP ALLC TERM | $154,893 | 0.04% | 11,406 | Common | SOLE |
| 64133Q108 | NBXG | NEUBERGER NEXT GENERATION | $134,582 | 0.03% | 10,457 | Common | SOLE |
| 09254L107 | MUC | BLACKROCK MUNIHLDNGS CALI | $123,760 | 0.03% | 11,900 | Common | SOLE |
| 27829C105 | ETW | EATON VANCE TAX-MANAGED GLOB | $120,918 | 0.03% | 13,772 | Common | SOLE |
| 18913Y103 | GLV | CLOUGH GLOBAL DIVID & INCOME | $114,126 | 0.03% | 19,278 | Common | SOLE |
| 12811L107 | CHW | CALAMOS GBL DYN INCOME FUND | $74,531 | 0.02% | 10,266 | Common | SOLE |
| 38741L107 | GPMT | GRANITE PT MTG TR INC | $21,738 | 0.00% | 14,992 | Common | SOLE |
| 09248D112 | BUI-R | BLACKROCK UTILS INFRASTRUCTU | $5,121 | 0.00% | 640,153 | Common | SOLE |
| 362397226 | GAB-R | GABELLI EQUITY TR INC | $1,895 | 0.00% | 270,720 | Common | SOLE |
| 64128C130 | NHS-R | NEUBERGER HIGH YIELD ST FD I | $880 | 0.00% | 110,000 | 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.