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Livermore
Livermore
ZHEN

Almitas Capital LLC

SEC CIK
0001596468
Latest filing
Aug 14, 2026

Holdings in Q3 2022

Holdings as of Sep 30, 2022, filed Nov 14, 2022. Long positions only; changes compare share counts with Q2 2022.

Institution overview
Positions
87
−32 vs. Q2 2022
Portfolio value
$133.9M
−$59.6M (−30.8%) vs. Q2 2022
Filed
Nov 14, 2022
SEC
Holdings of Almitas Capital LLC in Q3 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
Great Ajax Corp38983D4097.25 CV SR NT 24689,408$16.4M12.3%−1000.0%Reduced–
PNNTPennantpark Investment CorpCOM2,634,738$14.4M10.7%+186,582+7.6%AddedHistory
ORCOrchid Island Capital, Inc.COM NEW1,164,408$9.55M7.1%+1,164,408NewHistory
NTGTortoise Midstream Energy Fund, Inc.COM251,125$8.11M6.1%+57,109+29.4%AddedHistory
MFAMfa Financial, Inc.COM901,293$7.01M5.2%+1,499+0.2%AddedHistory
BCATBlackRock Capital Allocation Term TrustCOM403,113$5.49M4.1%+390,296+3,045.1%AddedHistory
ECATBlackRock ESG Capital Allocation Term TrustSHS BEN INT403,260$5.17M3.9%+75,175+22.9%AddedHistory
RPTRithm Property Trust Inc.COM664,619$4.99M3.7%+13,291+2.0%AddedHistory
CCIFCarlyle Credit Income FundSHS BEN INT546,229$4.87M3.6%00.0%UnchangedHistory
NPCTNuveen Core Plus Impact FundCOM BEN INT361,747$3.71M2.8%+266,923+281.5%AddedHistory
CENCenter Coast Brookfield MLP & Energy Infrastructure FundSHS BEN INT222,596$3.69M2.8%+90,252+68.2%AddedHistory
Adamas Trust, Inc.649604501COM PAR $.021,383,046$3.24M2.4%+335,000+32.0%Added–
TYGTortoise Energy Infrastructure CorpCOM99,898$2.99M2.2%−14,233−12.5%ReducedHistory
SRVNXG Cushing Midstream Energy FundCOM NEW86,195$2.81M2.1%−44,577−34.1%ReducedHistory
SFESSafeguard Scientifics IncCOM NEW713,445$2.66M2.0%00.0%UnchangedHistory
LADRLadder Capital CorpCL A293,072$2.63M2.0%00.0%UnchangedHistory
BRSPBrightSpire Capital, Inc.COM CL A371,665$2.35M1.8%00.0%UnchangedHistory
RDNRadian Group IncCOM111,917$2.16M1.6%00.0%UnchangedHistory
NXGNXG NextGen Infrastructure Income FundCOM55,700$2.04M1.5%+46,498+505.3%AddedHistory
SABASaba Capital Income & Opportunities Fund IICOM469,597$1.91M1.4%−820,442−63.6%ReducedHistory
MTGMgic Investment CorpCOM136,205$1.75M1.3%−15,000−9.9%ReducedHistory
CTRClearBridge MLP & Midstream Total Return Fund Inc.COM57,941$1.52M1.1%−28,476−33.0%ReducedHistory
FAXAbrdn Asia-Pacific Income Fund, Inc.COM601,595$1.52M1.1%−377,832−38.6%ReducedHistory
MPVBarings Participation InvestorsSH BEN INT130,993$1.48M1.1%+103,607+378.3%AddedHistory
EARNEllington Credit CoCOM SHS BEN INT238,993$1.48M1.1%+60,997+34.3%AddedHistory
EDDMorgan Stanley Emerging Markets Domestic Debt Fund, Inc.COM362,116$1.46M1.1%−219,191−37.7%ReducedHistory
JQCNuveen Credit Strategies Income FundCOM SHS281,553$1.44M1.1%−204,989−42.1%ReducedHistory
Nuveen Emerging MKTS Debt 2067077P101COM223,482$1.44M1.1%+188,020+530.2%Added–
RDIReading International IncCL A384,699$1.27M0.9%00.0%UnchangedHistory
WMCWestern Asset Mortgage Capital CorpCOM110,958$1.24M0.9%−3,313−2.9%ReducedConverted for a 1-for-10 splitHistory
GAMGeneral American Investors Co IncCOM29,110$986.0K0.7%−20,873−41.8%ReducedHistory
IIFMorgan Stanley India Investment Fund, Inc.COM40,146$934.0K0.7%−2,458−5.8%ReducedHistory
JLSNuveen Mortgage & Income FundCOM52,929$852.0K0.6%+52,596+15,794.6%AddedHistory
SEVNSeven Hills Realty TrustCOM86,621$790.0K0.6%−40,929−32.1%ReducedHistory
FCRDFirst Eagle Alternative Capital BDC, Inc.COM237,099$678.0K0.5%+237,099NewHistory
NUONuveen Ohio Quality Municipal Income FundCOM54,990$646.0K0.5%−31,753−36.6%ReducedHistory
AGROAdecoagro S.A.COM75,482$625.0K0.5%00.0%UnchangedHistory
MCIBarings Corporate InvestorsCOM45,945$595.0K0.4%+37,328+433.2%AddedHistory
BKCCBlackRock Capital Investment CorpCOM167,779$569.0K0.4%−114,714−40.6%ReducedHistory
PFXPhenixFIN CorpCOM15,337$535.0K0.4%−84,340−84.6%ReducedHistory
OMCCOld Market Capital CorpCOM NEW91,670$522.0K0.4%00.0%UnchangedHistory
GERGoldman Sachs MLP & Energy Renaissance FundCOM38,397$461.0K0.3%−118,548−75.5%ReducedHistory
TPZTortoise Power & Energy Infrastructure Fund IncCOM34,191$427.0K0.3%−34,121−49.9%ReducedHistory
GLREGreenlight Capital Re, Ltd.CLASS A49,322$367.0K0.3%+48,611+6,837.0%AddedHistory
NDPTortoise Energy Independence Fund, Inc.COM12,295$349.0K0.3%00.0%UnchangedHistory
PDXPIMCO Dynamic Income Strategy FundCOM SHS BEN INT25,323$343.0K0.3%−136,293−84.3%ReducedHistory
Esm Acquisition CorporationG3195H120UNIT 99/99/999930,000$297.0K0.2%00.0%Unchanged–
TIPTTiptree Inc.COM27,300$294.0K0.2%00.0%UnchangedHistory
STEWSRH Total Return Fund, Inc.COM25,790$281.0K0.2%+25,790NewHistory
DEXDelaware Enhanced Global Dividend & Income FundCOM37,459$257.0K0.2%+37,459NewHistory
WDIWestern Asset Diversified Income Fund (WDI)COM SHS BEN INT18,990$239.0K0.2%+11,429+151.2%AddedHistory
Pine Technology Acquisitn Co722850203UNIT 03/31/202824,028$235.0K0.2%00.0%Unchanged–
MXEMexico Equity & Income Fund IncCOM25,553$193.0K0.1%00.0%UnchangedHistory
CCitigroup IncStock4,500$188.0K0.1%00.0%UnchangedHistory
ESNTEssent Group Ltd.COM4,305$150.0K0.1%+4,305NewHistory
TWNTaiwan Fund IncCOM7,178$150.0K0.1%+2,898+67.7%AddedHistory
Delaware Ivy Hig246107106Closed-End Fund14,582$147.0K0.1%+13,882+1,983.1%Added–
FGBFirst Trust Specialty Finance & Financial Opportunities FundCOM BEN INTR47,000$134.0K0.1%+47,000NewHistory
VELVelocity Financial, Inc.COM12,120$131.0K0.1%00.0%UnchangedHistory
Interprivate II Acquisition46064Q207UNIT 99/99/999912,300$121.0K0.1%00.0%Unchanged–
GBLIGlobal Indemnity Group, LLCCOM CL A4,922$109.0K0.1%00.0%UnchangedHistory
Interprivate IV Infratech PR46064T201UNIT 03/05/20266,000$59.0K<0.1%00.0%Unchanged–
Priveterra Acquisition Corp74275N201UNIT 99/99/99995,000$49.0K<0.1%00.0%Unchanged–
DMADestra Multi-Alternative FundCOMMON SHARES7,375$48.0K<0.1%+1,400+23.4%AddedHistory
Invesco High Income 2023 Tar46135X108COM5,221$42.0K<0.1%+5,221New–
SBIWestern Asset Intermediate Muni Fund Inc.COM4,762$35.0K<0.1%−16,838−78.0%ReducedHistory
CIONCION Investment CorpCOM3,987$34.0K<0.1%+3,987NewHistory
Kismet Acquisition Three CorG5276C128UNIT 99/99/99993,200$31.0K<0.1%00.0%Unchanged–
NMLNeuberger Energy Infrastructure & Income Fund Inc.COM4,800$30.0K<0.1%−317,737−98.5%ReducedHistory
Orion Acquisition Corp68626A207UNIT 02/19/20263,000$30.0K<0.1%00.0%Unchanged–
Fusion Acquisition Corp. II36118N201UNIT 02/29/20282,500$25.0K<0.1%00.0%Unchanged–
EEAEuropean Equity Fund, IncCOM3,523$22.0K<0.1%−1,677−32.3%ReducedHistory
COVA Acquisition Corp.G2554Y112UNIT 04/01/20211,178$12.0K<0.1%00.0%Unchanged–
SunPower Inc.G3663X102UNIT 99/99/99991,000$10.0K<0.1%00.0%Unchanged–
Kismet Acquisition Two CorpG52807123UNIT 99/99/99991,000$10.0K<0.1%00.0%Unchanged–
SVF Investment Corp. 2G8601M100CL A SHS1,000$10.0K<0.1%00.0%Unchanged–
EMDWestern Asset Emerging Markets Debt Fund Inc.COM908$7.00K<0.1%−2,331−72.0%ReducedHistory
WIWWestern Asset Inflation-Linked Opportunities & Income FundCEF600$6.00K<0.1%+600NewHistory
SCUSculptor Capital Management, Inc.COM CL A573$5.00K<0.1%00.0%UnchangedHistory
First Tr Energy Infrastrctr33738C103COM352$4.00K<0.1%+352New–
Wheeler Real Estate Investment Trust, Inc.963025309CPR1,483$4.00K<0.1%00.0%Unchanged–
JOFJapan Smaller Capitalization Fund IncCOM480$3.00K<0.1%00.0%UnchangedHistory
Atlas Crest Investment Corp049287204UNIT 99/99/9999239$2.00K<0.1%00.0%Unchanged–
NZFNuveen Municipal Credit Income FundCOM SH BEN INT3$00.0%−100−97.1%ReducedHistory
ZTRVirtus Total Return Fund Inc.COM4$00.0%−6−60.0%ReducedHistory
Jack Creek Investment Corp.G4989X107UNIT 10/01/202350$00.0%00.0%Unchanged–
WHLRWheeler Real Estate Investment Trust, Inc.COM NEW5,545––+5,545NewHistory

Sold out since Q2 2022 (43)

Positions held at the end of Q2 2022 that are gone from this filing.

Positions of Almitas Capital LLC sold out since Q2 2022
SecurityClassShares in Q2 2022Value in Q2 2022% of portfolio in Q2 2022History
AGNCAGNC Investment Corp.REIT2,037,519$22.6M11.7%History
CRFCornerstone Total Return Fund IncCOM2,102,042$17.5M9.1%History
CLMCornerstone Strategic Investment Fund, Inc.COM487,856$4.19M2.2%History
EMOClearBridge Energy Midstream Opportunity Fund Inc.COM100,057$2.36M1.2%History
NBXGNeuberger Next Generation Connectivity Fund Inc.COMMON STOCK168,776$1.67M0.9%History
DXDynex Capital IncCOM104,425$1.66M0.9%History
SMMSalient Midstream & MLP FundSH BEN INT217,168$1.64M0.8%History
GUGGuggenheim Active Allocation FundCOMMON STOCK103,464$1.47M0.8%History
JSDNuveen Short Duration Credit Opportunities FundCOM78,785$948.0K0.5%History
KMFKayne Anderson NextGen Energy & Infrastructure, Inc.COM111,633$838.0K0.4%History
PDOPIMCO Dynamic Income Opportunities FundCOM BEN SHS57,735$800.0K0.4%History
FSKFS KKR Capital CorpCOM37,520$728.0K0.4%History
Mfa Finl Inc55272XAA0NOTE 6.250% 6/1–$694.0K0.4%–
PFSIPennyMac Financial Services, Inc.COM10,634$465.0K0.2%History
Pennymac Corp70932AAF0NOTE 5.500% 3/1–$434.0K0.2%–
Western Asset Mortgage Capit95790DAD7NOTE 6.750% 9/1–$413.0K0.2%–
BGYBlackRock Enhanced International Dividend TrustCOM BENE INTER69,376$351.0K0.2%History
BFZBlackRock California Municipal Income TrustSH BEN INT29,133$330.0K0.2%History
PHDPioneer Floating Rate Fund, Inc.COM29,946$266.0K0.1%History
LDPCohen & Steers Ltd Duration Preferred & Income Fund, Inc.COM12,300$243.0K0.1%History
EVMEaton Vance California Municipal Bond FundCOM25,361$235.0K0.1%History
Two HBRS Invt Corp90187BAB7NOTE 6.250% 1/1–$227.0K0.1%–
FTHYFirst Trust High Yield Opportunities 2027 Term FundCOM15,169$220.0K0.1%History
BOEBlackRock Enhanced Global Dividend TrustCOM20,801$203.0K0.1%History
SBTSterling Bancorp, Inc.COM31,847$181.0K0.1%History
NMIHNMI Holdings, Inc.COM10,000$167.0K0.1%History
RLTYCohen & Steers Real Estate Opportunities & Income FundSHS BENFIN INT9,922$160.0K0.1%History
IVRInvesco Mortgage Capital Inc.COM10,202$150.0K0.1%History
PAXSPIMCO Access Income FundSHS BENFIN INT9,357$148.0K0.1%History
BTZBlackRock Credit Allocation Income TrustCOM10,386$113.0K0.1%History
WHLRDWheeler Real Estate Investment Trust, Inc.CPR5,545$73.0K<0.1%History
NBWNeuberger Berman California Municipal Fund Inc.COM5,000$56.0K<0.1%History
VPVInvesco Pennsylvania Value Municipal Income TrustCOM5,100$53.0K<0.1%History
NBONeuberger Berman New York Municipal Fund Inc.COM5,349$53.0K<0.1%History
BBDCBarings BDC, Inc.COM4,559$42.0K<0.1%History
MFMAberdeen Municipal Income FundSH BEN INT6,383$35.0K<0.1%History
SPPPSprott Physical Platinum & Palladium TrustPHYSICAL PLATINU2,050$27.0K<0.1%History
PAVmed Inc.70387R122*W EXP 04/30/202–$22.0K<0.1%–
CXHMFS Investment Grade Municipal TrustSH BEN INT1,800$14.0K<0.1%History
TTPTortoise Pipeline & Energy Fund, Inc.COM200$5.00K<0.1%History
Esm Acquisition CorporationG3195H112*W EXP 02/02/20230,000$5.00K<0.1%–
Carnival Corp Ltd.14365C103ADR418$3.00K<0.1%–
Redbox Entertainment Inc-a75724T111Warrant / Rights–$1.00K<0.1%–