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Livermore
Livermore
ZHEN

Almitas Capital LLC

SEC CIK
0001596468
Latest filing
Aug 14, 2026

Holdings in Q2 2023

Holdings as of Jun 30, 2023, filed Aug 11, 2023. Long positions only; changes compare share counts with Q1 2023.

Institution overview
Positions
92
−5 vs. Q1 2023
Portfolio value
$233.9M
+$24.7M (+11.8%) vs. Q1 2023
Filed
Aug 11, 2023
SEC
Holdings of Almitas Capital LLC in Q2 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
Great Ajax Corp38983D4097.25 CV SR NT 24786,337$19.4M8.3%00.0%Unchanged–
ECATBlackRock ESG Capital Allocation Term TrustSHS BEN INT1,086,262$17.4M7.4%−13,618−1.2%ReducedHistory
NPCTNuveen Core Plus Impact FundCOM BEN INT1,378,772$14.0M6.0%+313,591+29.4%AddedHistory
NLYAnnaly Capital Management IncREIT679,400$13.6M5.8%+451,868+198.6%AddedHistory
SABASaba Capital Income & Opportunities Fund IICOM2,480,094$10.6M4.5%+965,495+63.7%AddedHistory
HIEMiller/Howard High Income Equity FundCOM SHS BEN IN1,014,629$10.6M4.5%+794,536+361.0%AddedHistory
BFZBlackRock California Municipal Income TrustSH BEN INT738,499$8.56M3.7%−9,674−1.3%ReducedHistory
BRSPBrightSpire Capital, Inc.COM CL A889,397$6.55M2.8%−1,166,318−56.7%ReducedHistory
CENCenter Coast Brookfield MLP & Energy Infrastructure FundSHS BEN INT295,700$6.12M2.6%00.0%UnchangedHistory
NTGTortoise Midstream Energy Fund, Inc.COM166,623$5.94M2.5%+13,925+9.1%AddedHistory
BBDCBarings BDC, Inc.COM607,352$5.07M2.2%+504,020+487.8%AddedHistory
RPTRithm Property Trust Inc.COM720,209$4.97M2.1%+61,428+9.3%AddedHistory
CTRClearBridge MLP & Midstream Total Return Fund Inc.COM146,706$4.95M2.1%+22,369+18.0%AddedHistory
GAMGeneral American Investors Co IncCOM109,864$4.68M2.0%+100+0.1%AddedHistory
ENXEaton Vance New York Municipal Bond FundCOM451,498$4.38M1.9%+89,685+24.8%AddedHistory
ADAMAdamas Trust, Inc.COM408,845$4.15M1.8%00.0%UnchangedHistory
CXHMFS Investment Grade Municipal TrustSH BEN INT513,340$3.91M1.7%+182,138+55.0%AddedHistory
Nuveen High Income 2023 Targ67079F101COM413,984$3.88M1.7%+115,674+38.8%Added–
Two HBRS Invt Corp90187BAB7NOTE 6.250% 1/1–$3.87M1.7%–––
MPVBarings Participation InvestorsSH BEN INT272,182$3.63M1.5%+124,492+84.3%AddedHistory
NXGNXG NextGen Infrastructure Income FundCOM87,784$3.48M1.5%+65,285+290.2%AddedHistory
EVMEaton Vance California Municipal Bond FundCOM360,526$3.22M1.4%+100,583+38.7%AddedHistory
SDHYPGIM Short Duration High Yield Opportunities FundCOM183,807$2.81M1.2%+170,153+1,246.2%AddedHistory
TYGTortoise Energy Infrastructure CorpCOM85,273$2.62M1.1%+70,029+459.4%AddedHistory
Western Asset Mortgage Capit95790DAD7NOTE 6.750% 9/1–$2.57M1.1%–––
MXFMexico Fund IncCOM140,329$2.52M1.1%+69,306+97.6%AddedHistory
GERGoldman Sachs MLP & Energy Renaissance FundCOM159,089$2.49M1.1%+15,605+10.9%AddedHistory
MFAMfa Financial, Inc.COM220,471$2.48M1.1%−264,660−54.6%ReducedHistory
WIWWestern Asset Inflation-Linked Opportunities & Income FundCEF270,274$2.42M1.0%+146,540+118.4%AddedHistory
IIFMorgan Stanley India Investment Fund, Inc.COM107,037$2.41M1.0%+21,100+24.6%AddedHistory
AODabrdn Total Dynamic Dividend FundCOM SH BEN INT280,447$2.35M1.0%+280,447NewHistory
TWNTaiwan Fund IncCOM66,452$2.21M0.9%+12,387+22.9%AddedHistory
HYBNew America High Income Fund IncCOM NEW324,886$2.21M0.9%+121,835+60.0%AddedHistory
Redwood Trust Inc758075AF2NOTE 7.750% 6/1–$1.84M0.8%–New–
STEWSRH Total Return Fund, Inc.COM132,881$1.82M0.8%+15,200+12.9%AddedHistory
BKCCBlackRock Capital Investment CorpCOM470,334$1.70M0.7%+320,533+214.0%AddedHistory
NQPNuveen Pennsylvania Quality Municipal Income FundCOM141,974$1.60M0.7%+73,185+106.4%AddedHistory
EDDMorgan Stanley Emerging Markets Domestic Debt Fund, Inc.COM326,122$1.60M0.7%−7,561−2.3%ReducedHistory
WHLRDWheeler Real Estate Investment Trust, Inc.CPR129,187$1.51M0.6%−21,010−14.0%ReducedHistory
JSDNuveen Short Duration Credit Opportunities FundCOM129,962$1.51M0.6%+129,962NewHistory
BCXBlackRock Resources & Commodities Strategy TrustSHS149,634$1.47M0.6%+149,634NewHistory
CPZCalamos Long/Short Equity & Dynamic Income TrustCOM87,130$1.37M0.6%+66,630+325.0%AddedHistory
SFESSafeguard Scientifics IncCOM NEW796,632$1.23M0.5%00.0%UnchangedHistory
EMOClearBridge Energy Midstream Opportunity Fund Inc.COM35,874$1.15M0.5%−20,499−36.4%ReducedHistory
CETCentral Securities CorpCOM29,376$1.09M0.5%00.0%UnchangedHistory
GLVClough Global Dividend & Income FundCOM188,205$1.08M0.5%+169,867+926.3%AddedHistory
NSLNuveen Senior Income FundCOM229,436$1.06M0.5%+12,723+5.9%AddedHistory
PDXPIMCO Dynamic Income Strategy FundCOM SHS BEN INT62,786$1.05M0.4%+62,786NewHistory
FSCOFS Credit Opportunities Corp.COMMON STOCK205,615$1.04M0.4%−916,252−81.7%ReducedHistory
RDIReading International IncCL A372,975$992.1K0.4%00.0%UnchangedHistory
DMFBNY Mellon Municipal Income, Inc.COM147,271$941.1K0.4%+98,122+199.6%AddedHistory
CEVEaton Vance California Municipal Income TrustSH BEN INT91,887$934.5K0.4%+59,940+187.6%AddedHistory
RDNRadian Group IncCOM33,059$890.3K0.4%−78,858−70.5%ReducedHistory
JPINuveen Preferred Securities & Income Opportunities FundCOM49,056$864.9K0.4%+49,056NewHistory
MTGMgic Investment CorpCOM50,426$844.1K0.4%−85,779−63.0%ReducedHistory
EVVEaton Vance Ltd Duration Income FundCOM87,167$828.1K0.4%+87,167NewHistory
KSMDWS Strategic Municipal Income TrustCOM92,106$783.8K0.3%+60,955+195.7%AddedHistory
IDEVoya Infrastructure, Industrials & Materials FundCOM75,926$781.3K0.3%+75,926NewHistory
VMWVmware LLCCL A COM4,762$750.6K0.3%+4,762NewHistory
NBWNeuberger Berman California Municipal Fund Inc.COM67,716$733.4K0.3%+67,716NewHistory
DTFDTF Tax-Free Income 2028 Term Fund IncCOM62,493$690.5K0.3%+36,504+140.5%AddedHistory
KMFKayne Anderson NextGen Energy & Infrastructure, Inc.COM91,193$687.6K0.3%+35,494+63.7%AddedHistory
BGBBlackstone Strategic Credit 2027 Term FundCOM SHS BEN IN61,400$684.0K0.3%+61,400NewHistory
AAICArlington Asset Investment Corp.CL A NEW145,907$672.6K0.3%+145,907NewHistory
CAFMorgan Stanley China A Share Fund, Inc.COM48,425$657.6K0.3%+27,125+127.3%AddedHistory
JRONuveen Floating Rate Income Opportunity FundCOM SHS75,648$596.1K0.3%+24,148+46.9%AddedHistory
JOFJapan Smaller Capitalization Fund IncCOM79,124$589.5K0.3%−21,366−21.3%ReducedHistory
PFXPhenixFIN CorpCOM15,337$552.3K0.2%00.0%UnchangedHistory
OMCCOld Market Capital CorpCOM NEW103,024$504.8K0.2%+11,354+12.4%AddedHistory
SBIWestern Asset Intermediate Muni Fund Inc.COM65,425$503.1K0.2%+9,454+16.9%AddedHistory
LADRLadder Capital CorpCL A45,031$494.9K0.2%−151,909−77.1%ReducedHistory
TTPTortoise Pipeline & Energy Fund, Inc.COM16,131$471.7K0.2%+5,719+54.9%AddedHistory
Pennymac Corp70932AAF0NOTE 5.500% 3/1–$444.2K0.2%–––
TEAFTortoise Sustainable & Social Impact Term FundClosed-End Fund32,613$421.4K0.2%+7,010+27.4%AddedHistory
Two Harbors Investment Corp.90187B804COM28,845$386.8K0.2%+28,845New–
BSLBlackstone Senior Floating Rate 2027 Term FundCOM29,302$383.6K0.2%+29,302NewHistory
JPCNuveen Preferred & Income Opportunities FundCOM53,916$355.8K0.2%+53,916NewHistory
SPESpecial Opportunities Fund, Inc.COM27,258$315.4K0.1%+4,897+21.9%AddedHistory
EARNEllington Credit CoCOM SHS BEN INT42,343$308.3K0.1%−52,651−55.4%ReducedHistory
MXEMexico Equity & Income Fund IncCOM25,653$274.5K0.1%+100+0.4%AddedHistory
WHLRLWheeler Real Estate Investment Trust, Inc.7% SR NT 315,272$263.6K0.1%+5,272NewHistory
DXDynex Capital IncCOM19,968$260.6K0.1%−150,840−88.3%ReducedHistory
WMCWestern Asset Mortgage Capital CorpCOM24,855$245.6K0.1%−105,502−80.9%ReducedHistory
NBONeuberger Berman New York Municipal Fund Inc.COM25,412$244.7K0.1%+25,412NewHistory
FDEUFirst Trust Dynamic Europe Equity Income FundCOM SHS17,198$233.7K0.1%+17,198NewHistory
IGIWestern Asset Investment Grade Opportunity Trust Inc.COM13,118$216.6K0.1%+13,118NewHistory
CCitigroup IncStock4,500$214.5K0.1%00.0%UnchangedHistory
TIPTTiptree Inc.COM13,120$193.8K0.1%00.0%UnchangedHistory
HFROHighland Opportunities & Income FundHIGHLAND INCOME22,078$187.9K0.1%+22,078NewHistory
VELVelocity Financial, Inc.COM12,120$150.0K0.1%00.0%UnchangedHistory
JFRNuveen Floating Rate Income FundCOM10,941$88.4K<0.1%+10,941NewHistory
GLOClough Global Opportunities FundSH BEN INT13,140$67.4K<0.1%+13,140NewHistory

Sold out since Q1 2023 (27)

Positions held at the end of Q1 2023 that are gone from this filing.

Positions of Almitas Capital LLC sold out since Q1 2023
SecurityClassShares in Q1 2023Value in Q1 2023% of portfolio in Q1 2023History
PNNTPennantpark Investment CorpCOM1,236,092$6.53M3.1%History
Nuveen Intermediate Duration Quality Municipal Term Fund670677103COM482,996$6.17M2.9%–
CCIFCarlyle Credit Income FundSHS BEN INT546,229$5.36M2.6%History
CCAPCrescent Capital BDC, Inc.COM136,780$1.86M0.9%History
Mfa Finl Inc55272XAA0NOTE 6.250% 6/1–$1.68M0.8%–
MCIBarings Corporate InvestorsCOM104,971$1.49M0.7%History
ORCOrchid Island Capital, Inc.COM NEW132,419$1.42M0.7%History
JLSNuveen Mortgage & Income FundCOM59,890$955.8K0.5%History
FCTFirst Trust Senior Floating Rate Income Fund IICOM88,191$877.5K0.4%History
MPABlackRock Muniyield Pennsylvania Quality FundCOM55,167$647.7K0.3%History
TEITempleton Emerging Markets Income FundCOM121,994$618.5K0.3%History
FTHYFirst Trust High Yield Opportunities 2027 Term FundCOM44,293$618.3K0.3%History
AGROAdecoagro S.A.COM69,592$563.0K0.3%History
EMDWestern Asset Emerging Markets Debt Fund Inc.COM59,346$509.8K0.2%History
MEGINYLI CBRE Global Infrastructure Megatrends Term FundCOM23,972$340.4K0.2%History
DCFBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.COM37,460$283.9K0.1%History
OPPRiverNorth/DoubleLine Strategic Opportunity Fund, Inc.COM27,200$232.8K0.1%History
GLQClough Global Equity FundCOM36,637$222.0K0.1%History
MSDMorgan Stanley Emerging Markets Debt Fund IncCOM33,060$212.9K0.1%History
AFTApollo Senior Floating Rate Fund Inc.COM16,801$212.2K0.1%History
FGBFirst Trust Specialty Finance & Financial Opportunities FundCOM BEN INTR61,254$192.3K0.1%History
JQCNuveen Credit Strategies Income FundCOM SHS35,850$183.2K0.1%History
NACNuveen California Quality Municipal Income FundCOM13,600$149.7K0.1%History
GFNew Germany Fund IncCOM15,100$137.3K0.1%History
KTFDWS Municipal Income TrustCOM10,708$95.3K<0.1%History
DHYUBS Asset Management High Yield Credit FundSH BEN INT50,000$94.5K<0.1%History
PHDPioneer Floating Rate Fund, Inc.COM10,000$87.0K<0.1%History