13F

Investor

Almitas Capital LLC

CIK 0001596468 · filed 2026-05-15 · SEC filing

13F book

$442.5M

Positions

115

32 new · 24 sold

Largest name

20.5%

Fidelity Wise Origin Bitcoin

Est. mark

−$43M

Price effect on 83 names still held. Flow $31.3M.
NameTickerSharesValueWeightEst. markChange
Fidelity Wise Origin Bitcoin1.54M$90.7M20.5%−$26.4MHeld
Blackrock Mun Target Term Tr1.49M$33.7M7.6%−$178.3KHeld
Asa Gold And Precious Mtls L525.7K$32.6M7.4%$901.8KAdded$9.8M
Amylyx Pharmaceuticals, Inc.AMLX2.12M$29.5M6.7%$3.86MHeld
Design Therapeutics, Inc.DSGN1.53M$16.3M3.7%$1.93MCut$1.93M
Nuveen Pennsylvania Qlt Mun1.06M$12.6M2.9%$14.8KAdded$8.23M
Pimco Dynamic Income Strateg541.5K$11.9M2.7%$496.1KAdded$9.1M
Lyell Immunopharma, Inc.LYEL577.8K$11.6M2.6%−$6.19MHeld
Bio Rad Labs Inc30.3K$8.43M1.9%New
Cannae Hldgs Inc741.3K$8.43M1.9%−$1.8MAdded$1.95M
Cornerstone Total Return Fd1.12M$7.75M1.8%−$91.6KAdded$7.06M
Blackrock Health Sciences Te506.4K$7.27M1.6%−$105.5KAdded$4.97M
Alx Oncology Hldgs Inc3.17M$6.36M1.4%$2.22MAdded$3.5M
BrightSpire Capital, Inc.BRSP1.02M$5.69M1.3%$1Cut−$75.9K
Bny Mellon Strategic Mun Bd926.3K$5.57M1.3%−$148.2KHeld
Mfs High Yield Mun Tr1.5M$5.36M1.2%$104.8KHeld
Pimco Calif Mun Income Fd617K$5.29M1.2%−$92.6KCut−$298.5K
Elme CommunitiesELME2.61M$5.24M1.2%−$15.6MAdded−$12.4M
Monroe Cap Corp1.28M$5.18M1.2%−$2.31MAdded−$1.18M
AN2 Therapeutics, Inc.ANTX1.48M$5.06M1.1%$3.37MHeld
Mfs High Income Mun Tr1.27M$4.7M1.1%$11.9KAdded$282.6K
Nyli Cbre Gbl Infr Megtrnds316.1K$4.64M1.0%$57.3KAdded$3.8M
Japan Smaller Capitalization403K$4.39M1.0%−$72.5KCut−$438.5K
Crescent Cap Bdc Inc356.9K$4.34M1.0%−$678.1KCut−$1.91M
Dtf Tax-Free Income 2028 Ter355.1K$4.07M0.9%$10.5KAdded$58K
Mexico Fd Inc183.5K$3.84M0.9%$145KCut$96.3K
First Tr Sr Fltg Rate Income382.9K$3.69M0.8%−$37.9KAdded$2.8M
Clough Global Opportunities660.8K$3.68M0.8%−$59.5KCut−$792.4K
Mfs Invt Grade Mun Tr454.8K$3.63M0.8%$18.2KCut$17.6K
Fs Specialty Lending Fd268.8K$3.36M0.8%−$438.2KCut−$7.97M
Pimco New York Munici Income Ii Cf488.7K$3.35M0.8%New
Cornerstone Strategic Invest442K$3.22M0.7%New
Madison Square Grdn Sprt Cor9.93K$3.19M0.7%$622.8KHeld
Central & Eastern Europe Fd173.3K$3.17M0.7%$104KHeld
Nuveen Floating Rate Income411.6K$3.1M0.7%−$36.6KAdded$2.17M
Ennis, Inc.EBF139K$2.98M0.7%$473.8KHeld
Saba Capital Income & Opport347.8K$2.89M0.7%$4.49KAdded$2.36M
Pgim Short Dur Hig Yld Opp F178.9K$2.87M0.6%−$10.9KAdded$2.45M
Ladder Cap Corp290.5K$2.84M0.6%−$231KAdded$756.9K
Tpg Re Fin Tr Inc327.8K$2.56M0.6%New
Clough Global Equity Fd331K$2.49M0.6%−$42KAdded$18K
Alliancebernstein Natl Mun I214.3K$2.29M0.5%−$27.9KHeld
First Tr High Yield Opprt 20166.3K$2.25M0.5%−$29.9KAdded$1.47M
PLAYSTUDIOS, Inc.MYPS4.7M$2.21M0.5%−$737.8KAdded−$429.5K
Liberty All Star Equity Fd395.5K$2.19M0.5%−$288.7KCut−$2.86M
SRH Total Return Fund, Inc.STEW116.8K$2M0.5%−$41.4KAdded$1.46M
Bny Mellon Mun Bd Infrastruc182.9K$1.93M0.4%−$82.3KHeld
Tejon Ranch CoTRC95K$1.79M0.4%$285.9KAdded$321K
Alto Neuroscience, Inc.ANRO78.5K$1.77M0.4%$367.5KHeld
Rallybio CorpRLYB191.2K$1.72M0.4%New
Fulgent Genetics, Inc.FLGT104.8K$1.67M0.4%−$191.6KAdded$1.18M
Blackstone Strategic Cred 20144.8K$1.61M0.4%New
Midcap Financial Invstmnt Co140.5K$1.58M0.4%−$27.1KAdded$29.1K
Zentalis Pharmaceuticals, Inc.ZNTL610.1K$1.43M0.3%$604KHeld
Nuveen S&P 500 Dynamic Overw88.6K$1.42M0.3%New
ArrowMark Financial Corp.BANX73.3K$1.4M0.3%New
Nuveen Real Asset Income & G110.4K$1.36M0.3%New
Bny Mellon Strategic Muns In197.1K$1.24M0.3%−$13.8KHeld
Mfa Finl Inc128.1K$1.23M0.3%$34.6KHeld
Starwood Ppty Tr Inc71K$1.22M0.3%−$56.1KHeld
Taiwan Fd Inc18.6K$1.22M0.3%New
Fs Kkr Cap Corp111.6K$1.14M0.3%−$493.6KAdded−$442.7K
Cohen & Steers Infrastructur38.6K$998K0.2%$68.3KHeld
Cabaletta Bio, Inc.CABA337.4K$907.6K0.2%$168.7KCut$59K
Nuveen Churchill Direct Lend70.2K$892.4K0.2%−$43.5KHeld
Nuveen Core Plus Impact FundNPCT85.4K$870.1K0.2%$854Cut−$1.21M
Franklin Bsp Rlty Tr Inc99.1K$841K0.2%New
Sharplink Gaming IncSBET124.3K$801.6K0.2%−$309.5KHeld
Eagle Point Income Company I80.5K$760.4K0.2%−$158.7KHeld
Hudson Pac Pptys Inc124.4K$735.2K0.2%−$481.3KAdded−$324.2K
Liberty All-Star Growth Fd I138K$655.4K0.1%−$60.8KAdded$69.9K
Newtekone Inc53.6K$586.6K0.1%−$21.4KHeld
Blackstone Seni Fltn Rat 20244.5K$575.9K0.1%New
Eaton Vance Sr Fltng Rte Tr49.8K$524.7K0.1%−$17.3KAdded$203.5K
Walker & Dunlop, Inc.WD11.6K$514.8K0.1%−$182.9KHeld
Carlyle Credit Income Fund157.7K$506.2K0.1%−$232.8KAdded−$231.5K
Cavco Inds Inc Del992$480.4K0.1%−$105.6KHeld
Spdr S&P 500 Etf Tr725$471.5K0.1%New
Carlyle Secured Lending, Inc.CGBD42.9K$469.2K0.1%−$66.5KHeld
Western Asst Infltn Lkd Inm56.7K$458.4K0.1%−$10.8KCut−$144.2K
Goldman Sachs BDC, Inc.GSBD50K$444K0.1%−$20KHeld
High Income Secs Fd77.8K$429.5K0.1%New
Wheeler Real Estate Invt Tr5.27K$421.7K0.1%−$39.5KHeld
Champion Homes, Inc.SKY5K$371.9K0.1%−$50.6KHeld
Destra Multi-Alternative Fd45.2K$366.5K0.1%New
Chimera Invt Corp29.2K$366.2K0.1%$3.5KHeld
Grayscale Dogecoin Tr Etf33.3K$359.5K0.1%New
New Mtn Fin Corp45K$349.2K0.1%−$65.3KHeld
Talphera, Inc.TLPH467.2K$348.9K0.1%New
Duff & Phelps Utlity And Inf22.6K$325.8K0.1%New
BlackRock TCP Capital Corp.TCPC85K$306.9K0.1%−$158.1KHeld
Morgan Stanley Direct Lendin20K$279.2K0.1%−$50.4KHeld
Total Return Securities FundSWZ46.5K$275.5K0.1%−$10.7KAdded$46.7K
Nxg Nextgen Infrastr Incm Fd5K$274.6K0.1%New
Blackstone Long Short Cr Inc25.1K$273.4K0.1%New
Rivernorth Doubleline Strate34K$260.5K0.1%−$9.51KHeld
Golub Cap Bdc Inc20K$253.2K0.1%−$18.2KHeld
Ares Coml Real Estate Corp51K$244.8K0.1%New
Blackrock Multi Sector Inc T19.5K$244.7K0.1%−$10.6KHeld
Abrdn Life Sciences Investor14.9K$242K0.1%−$7.59KCut−$80.8K
Ethzilla CorporationFRMM80.4K$232.4K0.1%−$161.6KHeld
Eaton Vance Sr Income Tr42.9K$214.2K0.0%−$4.1KAdded$137K
Mfs Inter High Income Fd127.5K$206.5K0.0%New
Bny Mellon High Yield Strate79.3K$193.4K0.0%New
Bain Cap Specialty Fin Inc15K$186K0.0%−$22.6KHeld
Blackrock Esg Cap Allc Term11.4K$154.9K0.0%New
Neuberger Next Generation10.5K$134.6K0.0%New
Blackrock Munihldngs Cali Ql11.9K$123.8K0.0%New
Eaton Vance Tax-Managed Glob13.8K$120.9K0.0%New
Clough Global Divid & Income19.3K$114.1K0.0%−$963Cut−$1.02K
Calamos Gbl Dyn Income Fund10.3K$74.5K0.0%New
Granite Pt Mtg Tr Inc15K$21.7K0.0%New
Blackrock Utils Infrastructu640.2K$5.12K0.0%New
Gabelli Equity Tr Inc270.7K$1.9K0.0%New
Neuberger High Yield St Fd I110K$8800.0%New

Positions as of Q1 2026. 13F filings arrive up to 45 days after quarter-end and omit shorts. Values are quarter-end marks, as filed. Estimated mark is the price effect on shares still held — not realized P&L or investment advice.