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Livermore
Livermore
ZHEN

Almitas Capital LLC

SEC CIK
0001596468
Latest filing
Aug 14, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 14, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
128
+41 vs. Q3 2022
Portfolio value
$217.0M
+$83.1M (+62.1%) vs. Q3 2022
Filed
Feb 14, 2023
SEC
Holdings of Almitas Capital LLC in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
ECATBlackRock ESG Capital Allocation Term TrustSHS BEN INT1,749,189$23.5M10.8%+1,345,929+333.8%AddedHistory
Great Ajax Corp38983D4097.25 CV SR NT 24689,408$16.5M7.6%00.0%Unchanged–
PNNTPennantpark Investment CorpCOM2,438,368$14.0M6.5%−196,370−7.5%ReducedHistory
BCATBlackRock Capital Allocation Term TrustCOM925,786$12.8M5.9%+522,673+129.7%AddedHistory
SABASaba Capital Income & Opportunities Fund IICOM1,928,378$8.35M3.8%+1,458,781+310.6%AddedHistory
MFAMfa Financial, Inc.COM798,941$7.87M3.6%−102,352−11.4%ReducedHistory
NIDNuveen Intermediate Duration Municipal Term FundCOM444,384$5.83M2.7%+444,384NewHistory
NTGTortoise Midstream Energy Fund, Inc.COM163,155$5.64M2.6%−87,970−35.0%ReducedHistory
ORCOrchid Island Capital, Inc.COM NEW503,403$5.29M2.4%−661,005−56.8%ReducedHistory
CENCenter Coast Brookfield MLP & Energy Infrastructure FundSHS BEN INT295,700$5.13M2.4%+73,104+32.8%AddedHistory
RPTRithm Property Trust Inc.COM658,781$4.78M2.2%−5,838−0.9%ReducedHistory
CCIFCarlyle Credit Income FundSHS BEN INT546,229$4.76M2.2%00.0%UnchangedHistory
NPCTNuveen Core Plus Impact FundCOM BEN INT449,125$4.65M2.1%+87,378+24.2%AddedHistory
DXDynex Capital IncCOM300,027$3.82M1.8%+300,027NewHistory
Two HBRS Invt Corp90187BAB7NOTE 6.250% 1/1–$3.63M1.7%–New–
Adamas Trust, Inc.649604501COM PAR $.021,383,046$3.54M1.6%00.0%Unchanged–
GAMGeneral American Investors Co IncCOM83,198$3.01M1.4%+54,088+185.8%AddedHistory
CTRClearBridge MLP & Midstream Total Return Fund Inc.COM104,171$2.94M1.4%+46,230+79.8%AddedHistory
WIWWestern Asset Inflation-Linked Opportunities & Income FundCEF293,457$2.68M1.2%+292,857+48,809.5%AddedHistory
LADRLadder Capital CorpCL A263,256$2.64M1.2%−29,816−10.2%ReducedHistory
MPVBarings Participation InvestorsSH BEN INT210,011$2.59M1.2%+79,018+60.3%AddedHistory
SFESSafeguard Scientifics IncCOM NEW796,632$2.47M1.1%+83,187+11.7%AddedHistory
ENXEaton Vance New York Municipal Bond FundCOM264,560$2.38M1.1%+264,560NewHistory
Western Asset Mortgage Capit95790DAD7NOTE 6.750% 9/1–$2.38M1.1%–New–
ASAASA Gold & Precious Metals LtdSHS162,811$2.33M1.1%+162,811NewHistory
BKCCBlackRock Capital Investment CorpCOM617,014$2.23M1.0%+449,235+267.8%AddedHistory
RDNRadian Group IncCOM111,917$2.13M1.0%00.0%UnchangedHistory
WHLRDWheeler Real Estate Investment Trust, Inc.CPR165,197$2.12M1.0%+165,197NewHistory
EVMEaton Vance California Municipal Bond FundCOM239,478$2.07M1.0%+239,478NewHistory
FSCOFS Credit Opportunities Corp.COMMON STOCK420,254$1.98M0.9%+420,254NewHistory
IIFMorgan Stanley India Investment Fund, Inc.COM92,137$1.87M0.9%+51,991+129.5%AddedHistory
EDDMorgan Stanley Emerging Markets Domestic Debt Fund, Inc.COM407,084$1.79M0.8%+44,968+12.4%AddedHistory
MTGMgic Investment CorpCOM136,205$1.77M0.8%00.0%UnchangedHistory
MEGINYLI CBRE Global Infrastructure Megatrends Term FundCOM126,849$1.73M0.8%+126,849NewHistory
GERGoldman Sachs MLP & Energy Renaissance FundCOM133,984$1.71M0.8%+95,587+248.9%AddedHistory
BRSPBrightSpire Capital, Inc.COM CL A269,846$1.68M0.8%−101,819−27.4%ReducedHistory
Mfa Finl Inc55272XAA0NOTE 6.250% 6/1–$1.58M0.7%–New–
FCRDFirst Eagle Alternative Capital BDC, Inc.COM355,232$1.51M0.7%+118,133+49.8%AddedHistory
CCAPCrescent Capital BDC, Inc.COM115,336$1.47M0.7%+115,336NewHistory
Nuveen Intermediate Duration Quality Municipal Term Fund670677103COM113,184$1.41M0.7%+113,184New–
SRVNXG Cushing Midstream Energy FundCOM NEW41,998$1.41M0.6%−44,197−51.3%ReducedHistory
FAXAbrdn Asia-Pacific Income Fund, Inc.COM523,421$1.38M0.6%−78,174−13.0%ReducedHistory
NRKNuveen New York Amt-Free Quality Municipal Income FundCOM126,972$1.30M0.6%+126,972NewHistory
TWNTaiwan Fund IncCOM55,824$1.29M0.6%+48,646+677.7%AddedHistory
NACNuveen California Quality Municipal Income FundCOM112,256$1.24M0.6%+112,256NewHistory
ADXAdams Diversified Equity Fund, Inc.COM84,247$1.22M0.6%+84,247NewHistory
WMCWestern Asset Mortgage Capital CorpCOM130,357$1.19M0.5%+19,399+17.5%AddedHistory
FSKFS KKR Capital CorpCOM62,035$1.09M0.5%+62,035NewHistory
HIEMiller/Howard High Income Equity FundCOM SHS BEN IN100,966$1.06M0.5%+100,966NewHistory
RDIReading International IncCL A372,975$1.03M0.5%−11,724−3.0%ReducedHistory
CEMClearBridge MLP & Midstream Fund Inc.COM30,444$1.02M0.5%+30,444NewHistory
MCIBarings Corporate InvestorsCOM72,435$1.01M0.5%+26,490+57.7%AddedHistory
NXGNXG NextGen Infrastructure Income FundCOM25,669$982.4K0.5%−30,031−53.9%ReducedHistory
FTHYFirst Trust High Yield Opportunities 2027 Term FundCOM71,131$958.8K0.4%+71,131NewHistory
EARNEllington Credit CoCOM SHS BEN INT130,078$892.3K0.4%−108,915−45.6%ReducedHistory
CXHMFS Investment Grade Municipal TrustSH BEN INT121,048$861.9K0.4%+121,048NewHistory
JLSNuveen Mortgage & Income FundCOM52,929$856.4K0.4%00.0%UnchangedHistory
SBIWestern Asset Intermediate Muni Fund Inc.COM111,237$844.3K0.4%+106,475+2,235.9%AddedHistory
MPABlackRock Muniyield Pennsylvania Quality FundCOM68,875$758.3K0.3%+68,875NewHistory
KYNKayne Anderson Energy Infrastructure Fund, Inc.COM80,052$685.2K0.3%+80,052NewHistory
MXFMexico Fund IncCOM43,569$642.2K0.3%+43,569NewHistory
Nuveen High Income 2023 Targ67079F101COM70,519$639.8K0.3%+70,519New–
BGBBlackstone Strategic Credit 2027 Term FundCOM SHS BEN IN57,362$606.9K0.3%+57,362NewHistory
DEXDelaware Enhanced Global Dividend & Income FundCOM76,178$594.2K0.3%+38,719+103.4%AddedHistory
CETCentral Securities CorpCOM17,536$585.5K0.3%+17,536NewHistory
OMCCOld Market Capital CorpCOM NEW91,670$577.5K0.3%00.0%UnchangedHistory
AGROAdecoagro S.A.COM69,592$576.9K0.3%−5,890−7.8%ReducedHistory
JOFJapan Smaller Capitalization Fund IncCOM81,958$531.1K0.2%+81,478+16,974.6%AddedHistory
PFXPhenixFIN CorpCOM15,337$476.2K0.2%00.0%UnchangedHistory
JFRNuveen Floating Rate Income FundCOM59,595$472.0K0.2%+59,595NewHistory
PDXPIMCO Dynamic Income Strategy FundCOM SHS BEN INT31,550$471.4K0.2%+6,227+24.6%AddedHistory
CEVEaton Vance California Municipal Income TrustSH BEN INT45,995$459.0K0.2%+45,995NewHistory
NQPNuveen Pennsylvania Quality Municipal Income FundCOM40,083$446.1K0.2%+40,083NewHistory
First Tr Energy Infrastrctr33738C103COM30,019$432.9K0.2%+29,667+8,428.1%Added–
Pennymac Corp70932AAF0NOTE 5.500% 3/1–$404.7K0.2%–New–
TIPTTiptree Inc.COM27,300$377.8K0.2%00.0%UnchangedHistory
KMFKayne Anderson NextGen Energy & Infrastructure, Inc.COM49,699$373.2K0.2%+49,699NewHistory
KSMDWS Strategic Municipal Income TrustCOM43,696$357.0K0.2%+43,696NewHistory
BTXBlackRock Technology & Private Equity Term TrustSHS BEN INT50,957$347.0K0.2%+50,957NewHistory
STEWSRH Total Return Fund, Inc.COM27,090$344.0K0.2%+1,300+5.0%AddedHistory
CAFMorgan Stanley China A Share Fund, Inc.COM23,800$338.0K0.2%+23,800NewHistory
MUCBlackRock Muniholdings California Quality Fund, Inc.CEF30,800$330.8K0.2%+30,800NewHistory
NUONuveen Ohio Quality Municipal Income FundCOM25,840$327.9K0.2%−29,150−53.0%ReducedHistory
BGXBlackstone Long-Short Credit Income FundCOM SHS BN INT24,429$264.8K0.1%+24,429NewHistory
EMOClearBridge Energy Midstream Opportunity Fund Inc.COM8,800$251.7K0.1%+8,800NewHistory
ASGIabrdn Global Infrastructure Income FundCOM SHS BEN INT14,780$251.6K0.1%+14,780NewHistory
Pine Technology Acquisitn Co722850203UNIT 03/31/202824,028$239.6K0.1%00.0%Unchanged–
TTPTortoise Pipeline & Energy Fund, Inc.COM8,785$236.0K0.1%+8,785NewHistory
GHYPGIM Global High Yield Fund, Inc.COM20,811$225.6K0.1%+20,811NewHistory
MXEMexico Equity & Income Fund IncCOM25,553$224.4K0.1%00.0%UnchangedHistory
CCitigroup IncStock4,500$203.5K0.1%00.0%UnchangedHistory
FST Tr New Opport MLP & Ene33739M100COM28,890$174.8K0.1%+28,890New–
IGIWestern Asset Investment Grade Opportunity Trust Inc.COM10,700$174.2K0.1%+10,700NewHistory
CPZCalamos Long/Short Equity & Dynamic Income TrustCOM11,408$173.3K0.1%+11,408NewHistory
ESNTEssent Group Ltd.COM4,305$167.4K0.1%00.0%UnchangedHistory
Delaware Ivy Hig246107106Closed-End Fund14,582$159.8K0.1%00.0%Unchanged–
GPMTGranite Point Mortgage Trust Inc.COM STK25,353$135.9K0.1%+25,353NewHistory
First Tr MLP & Energy Incom33739B104COM16,246$126.9K0.1%+16,246New–
GFNew Germany Fund IncCOM15,100$119.1K0.1%+15,100NewHistory
VELVelocity Financial, Inc.COM12,120$117.0K0.1%00.0%UnchangedHistory

Sold out since Q3 2022 (25)

Positions held at the end of Q3 2022 that are gone from this filing.

Positions of Almitas Capital LLC sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
JQCNuveen Credit Strategies Income FundCOM SHS281,553$1.44M1.1%History
Nuveen Emerging MKTS Debt 2067077P101COM223,482$1.44M1.1%–
SEVNSeven Hills Realty TrustCOM86,621$790.0K0.6%History
TPZTortoise Power & Energy Infrastructure Fund IncCOM34,191$427.0K0.3%History
GLREGreenlight Capital Re, Ltd.CLASS A49,322$367.0K0.3%History
NDPTortoise Energy Independence Fund, Inc.COM12,295$349.0K0.3%History
Esm Acquisition CorporationG3195H120UNIT 99/99/999930,000$297.0K0.2%–
WDIWestern Asset Diversified Income Fund (WDI)COM SHS BEN INT18,990$239.0K0.2%History
FGBFirst Trust Specialty Finance & Financial Opportunities FundCOM BEN INTR47,000$134.0K0.1%History
Interprivate II Acquisition46064Q207UNIT 99/99/999912,300$121.0K0.1%–
Interprivate IV Infratech PR46064T201UNIT 03/05/20266,000$59.0K<0.1%–
Priveterra Acquisition Corp74275N201UNIT 99/99/99995,000$49.0K<0.1%–
Invesco High Income 2023 Tar46135X108COM5,221$42.0K<0.1%–
CIONCION Investment CorpCOM3,987$34.0K<0.1%History
Orion Acquisition Corp68626A207UNIT 02/19/20263,000$30.0K<0.1%–
COVA Acquisition Corp.G2554Y112UNIT 04/01/20211,178$12.0K<0.1%–
SunPower Inc.G3663X102UNIT 99/99/99991,000$10.0K<0.1%–
Kismet Acquisition Two CorpG52807123UNIT 99/99/99991,000$10.0K<0.1%–
SVF Investment Corp. 2G8601M100CL A SHS1,000$10.0K<0.1%–
EMDWestern Asset Emerging Markets Debt Fund Inc.COM908$7.00K<0.1%History
Wheeler Real Estate Investment Trust, Inc.963025309CPR1,483$4.00K<0.1%–
Atlas Crest Investment Corp049287204UNIT 99/99/9999239$2.00K<0.1%–
NZFNuveen Municipal Credit Income FundCOM SH BEN INT3$00.0%History
Jack Creek Investment Corp.G4989X107UNIT 10/01/202350$00.0%–
WHLRWheeler Real Estate Investment Trust, Inc.COM NEW5,545––History