13F HOLDINGS REPORT

Almitas Capital LLC

Quarter ended Q1 2023 · Filed February 14, 2023 · Accession 0001104659-23-021145

Total Value

$217.0M

Positions

128

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (128)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	BLACKROCK ESG CAP ALLC TR	BLK	1,749,189	$23.5M	10.83%
2	GREAT AJAX CORP	38983D409	689,408	$16.5M	7.61%
3	PENNANTPARK INVT CORP	708062104	2,438,368	$14.0M	6.46%
4	BLACKROCK CAP ALLOCATION TR	BLK	925,786	$12.8M	5.92%
5	TEMPLETON GLOBAL INCOME FD	880198106	1,928,378	$8.3M	3.85%
6	MFA FINL INC	55272X607	798,941	$7.9M	3.63%
7	NUVEEN INTER DURATION MUN TE	NU	444,384	$5.8M	2.69%
8	TORTOISE MIDSTRM ENERGY FD I	89148B200	163,155	$5.6M	2.60%
9	ORCHID IS CAP INC	68571X301	503,403	$5.3M	2.44%
10	CENTER COAST BRKFLD MLP ENRG	151461209	295,700	$5.1M	2.36%
11	GREAT AJAX CORP	38983D300	658,781	$4.8M	2.20%
12	VERTICAL CAP INCOME FD	CCID	546,229	$4.8M	2.19%
13	NUVEEN CORE PLUS IMPACT FUND	NPCT	449,125	$4.7M	2.14%
14	DYNEX CAP INC	DX-PC	300,027	$3.8M	1.76%
15	TWO HARBORS INVENTMENT CORPO	90187BAB7	4,250,000	$3.6M	1.67%
16	NEW YORK MTG TR INC	649604501	1,383,046	$3.5M	1.63%
17	GENERAL AMERN INVS CO INC	368802104	83,198	$3.0M	1.39%
18	CLEARBRIDGE MLP AND MIDSTRM	18469Q207	104,171	$2.9M	1.36%
19	WESTERN AST INFL LKD OPP & I	95766R104	293,457	$2.7M	1.23%
20	LADDER CAP CORP	LADR	263,256	$2.6M	1.22%
21	BARINGS PARTN INVS SH BEN INT	06761A103	210,011	$2.6M	1.19%
22	SAFEGUARD SCIENTIFICS INC	SFES	796,632	$2.5M	1.14%
23	EATON VANCE NEW YORK MUN BD	ETN	264,560	$2.4M	1.10%
24	WESTERN ASSET MORTGAGE CAPIT	95790DAD7	2,750,000	$2.4M	1.09%
25	ASA GOLD AND PRECIOUS MTLS L	G3156P103	162,811	$2.3M	1.07%
26	BLACKROCK CAP INVT CORP	BLK	617,014	$2.2M	1.03%
27	RADIAN GROUP INC	RDN	111,917	$2.1M	0.98%
28	WHEELER REAL ESTATE INVT TR	963025606	165,197	$2.1M	0.98%
29	EATON VANCE CALIF MUN BD FD	ETN	239,478	$2.1M	0.95%
30	FS CREDIT OPPORTUNITIES CORP	FSCO	420,254	$2.0M	0.91%
31	MORGAN STANLEY INDIA INVT FD	MS-PQ	92,137	$1.9M	0.86%
32	MORGAN STANLEY EMERGING MKTS	MS-PQ	407,084	$1.8M	0.83%
33	MGIC INVT CORP WIS	552848103	136,205	$1.8M	0.82%
34	MAINSTAY CBRE GBL INFRSTR ME	56064Q107	126,849	$1.7M	0.80%
35	GOLDMAN SACHS MLP ENERGY REN	NVGLF	133,984	$1.7M	0.79%
36	BRIGHTSPIRE CAPITAL INC	BRSP	269,846	$1.7M	0.77%
37	MFA FINL INC	55272XAA0	1,767,000	$1.6M	0.73%
38	FIRST EAGLE ALTR CAP BDC INC	26943B100	355,232	$1.5M	0.70%
39	CRESCENT CAP BDC INC	225655109	115,336	$1.5M	0.68%
40	NUVEEN INT DUR QUAL MUN TRM	NU	113,184	$1.4M	0.65%
41	CUSHING MLP & INFRASTRUCT	SRV	41,998	$1.4M	0.65%
42	ABRDN ASIA PACIFIC INCOME FU	ABAKF	523,421	$1.4M	0.63%
43	NUVEEN NEW YORK AMT QLT MUNI	NU	126,972	$1.3M	0.60%
44	TAIWAN FD INC	874036106	55,824	$1.3M	0.59%
45	NUVEEN CA QUALTY MUN INCOME	NU	112,256	$1.2M	0.57%
46	ADAMS DIVERSIFIED EQUITY FD	006212104	84,247	$1.2M	0.56%
47	WESTERN ASSET MTG CAP CORP	95790D204	130,357	$1.2M	0.55%
48	FS KKR CAP CORP	FSK	62,035	$1.1M	0.50%
49	MILLER HOWARD HIGH INC EQTY	600379101	100,966	$1.1M	0.49%
50	READING INTL INC	755408101	372,975	$1.0M	0.48%
51	CLEARBRIDGE MLP AND MIDSTRM	184692200	30,444	$1.0M	0.47%
52	BARINGS CORPORATE INVS	06759X107	72,435	$1.0M	0.47%
53	NXG NEXTGEN INFRASTR INCM FD	231647207	25,669	$982,353	0.45%
54	FIRST TR HIGH YIELD OPPRT 20	33741Q107	71,131	$958,846	0.44%
55	ELLINGTON RESIDENTIAL MTG RE	ELLA	130,078	$892,335	0.41%
56	MFS INVT GRADE MUN TR	59318B108	121,048	$861,862	0.40%
57	NUVEEN MORTGAGE AND INCOME F	NU	52,929	$856,391	0.39%
58	WESTERN ASSET INTER MUNI FD	958435109	111,237	$844,289	0.39%
59	BLACKROCK MUNIYIELD PA QLTY	BLK	68,875	$758,313	0.35%
60	KAYNE ANDERSON ENERGY INFRST	486606106	80,052	$685,245	0.32%
61	MEXICO FD INC	592835102	43,569	$642,208	0.30%
62	NUVEEN CORPORATE INCOME 2023	NU	70,519	$639,783	0.29%
63	BLACKSTONE STRATEGIC CREDIT	BX	57,362	$606,890	0.28%
64	DELAWARE ENHANCED GLOBAL DIV	246060107	76,178	$594,188	0.27%
65	CENTRAL SECS CORP	155123102	17,536	$585,509	0.27%
66	NICHOLAS FINL INC BC	NODK	91,670	$577,521	0.27%
67	ADECOAGRO S A	AGRO	69,592	$576,918	0.27%
68	JAPAN SMALLER CAPITALIZATION	JOF	81,958	$531,088	0.24%
69	PHENIXFIN CORP	PFXNZ	15,337	$476,213	0.22%
70	NUVEEN FLOATING RATE INCOME	67072T108	59,595	$471,992	0.22%
71	PIMCO ENERGY & TACTICAL CR O	PDX	31,550	$471,357	0.22%
72	EATON VANCE CALIF MUN INCOM SH BEN INT	ETN	45,995	$459,030	0.21%
73	NUVEEN PENNSYLVANIA QLT MUN	NU	40,083	$446,124	0.21%
74	FIRST TR ENERGY INFRASTRCTR	33738C103	30,019	$432,874	0.20%
75	PENNYMAC CORP	70932AAF0	500,000	$404,687	0.19%
76	TIPTREE INC	TIPT	27,300	$377,832	0.17%
77	KAYNE ANDERSON NEXTGEN ENRGY	48661E108	49,699	$373,240	0.17%
78	DWS STRATEGIC MUN INCOME TR	23342Q101	43,696	$356,997	0.16%
79	BLACKROCK INNOVATION AND GRW	BLK	50,957	$347,017	0.16%
80	SRH TOTAL RETURN FUND INC	STEW	27,090	$344,043	0.16%
81	MORGAN STANLEY CHINA A SH FD	MS-PQ	23,800	$337,960	0.16%
82	BLACKROCK MUNIHLDNGS CALI QL	BLK	30,800	$330,792	0.15%
83	NUVEEN OHIO QLTY MUN INCOME	NU	25,840	$327,909	0.15%
84	BLACKSTONE LONG SHORT CR INC	BGX	24,429	$264,810	0.12%
85	CLEARBRIDGE ENERGY MIDSTRM O	18469P209	8,800	$251,680	0.12%
86	ABRDN GLOBAL INFRA INCOME FU	00326W106	14,780	$251,556	0.12%
87	PINE TECHNOLOGY ACQUISITN CO	722850203	24,028	$239,559	0.11%
88	TORTOISE PIPELINE & ENERGY F	89148H207	8,785	$235,965	0.11%
89	PGIM GLOBAL HIGH YIELD FD FO	69346J106	20,811	$225,592	0.10%
90	MEXICO EQUITY & INCOME FD	592834105	25,553	$224,356	0.10%
91	CITIGROUP INC	C-PR	4,500	$203,535	0.09%
92	FST TR NEW OPPORT MLP & ENE	FSTWF	28,890	$174,785	0.08%
93	WESTERN ASSET INVT GRADE DEF	95790A101	10,700	$174,196	0.08%
94	CALAMOS LNG SHR EQT DYNAMIC	12812C106	11,408	$173,288	0.08%
95	ESSENT GROUP LTD	ESNT	4,305	$167,379	0.08%
96	DELAWARE IVY HIGH INCOME OPP	246107106	14,582	$159,819	0.07%
97	GRANITE PT MTG TR	38741L107	25,353	$135,892	0.06%
98	FIRST TR MLP & ENERGY INCOM	33739B104	16,246	$126,881	0.06%
99	NEW GERMANY FD INC	644465106	15,100	$119,139	0.05%
100	VELOCITY FINL INC	92262D101	12,120	$116,958	0.05%
101	GLOBAL INDEMNITY GROUP LLC	GBLI	4,922	$114,732	0.05%
102	MORGAN STANLEY EMKT DBT FD I	MS-PQ	16,900	$110,526	0.05%
103	ECOFIN SUSTAINABLE AND SOCIA	27901F109	8,100	$104,086	0.05%
104	TEMPLETON DRAGON FD INC	88018T101	10,000	$102,200	0.05%
105	PGIM SHORT DUR HIG YLD OPP F	69355J104	5,920	$86,965	0.04%
106	FEDERATED HERMES PREM MUNI I	FHI	8,200	$86,101	0.04%
107	INVESCO PA VALUE MUN INC TR	IVZ	8,633	$84,604	0.04%
108	VOYA INFRASTRUCTURE INDLS &	92912X101	9,200	$84,364	0.04%
109	NEUBERGER BERMAN MLP & ENERG	64129H104	11,137	$74,172	0.03%
110	LMP CAP & INCOME FD INC	50208A102	5,575	$67,123	0.03%
111	DTF TAX-FREE INCOME 2028 TER	DTF	6,079	$66,322	0.03%
112	NUVEEN MULTI ASSET INCOME FU	670750108	5,411	$62,172	0.03%
113	DESTRA MULTI-ALTERNATIVE FD	25065A502	7,375	$50,371	0.02%
114	BLACKROCK N Y MUN INCOME TRU SH BEN INT	BLK	4,200	$42,294	0.02%
115	TORTOISE ENERGY INFRA CORP	TYG	1,200	$38,124	0.02%
116	KISMET ACQUISITION THREE COR	G5276C128	3,200	$32,000	0.01%
117	PENNYMAC MTG INVT TR	70931T103	2,241	$27,766	0.01%
118	FUSION ACQUISITION CORP II	36118N201	2,500	$25,075	0.01%
119	EUROPEAN EQUITY FD INC	298768102	2,923	$21,923	0.01%
120	WESTERN ASST INFLTN LKD INM	95766Q106	2,331	$20,070	0.01%
121	WESTERN ASSET MTG DEFINED OP	95790B109	1,030	$11,093	0.01%
122	ADAM NAT RES FD INC	00548F105	300	$6,540	0.00%
123	WESTERN ASSET GLOBAL CORP DE	95790C107	477	$6,091	0.00%
124	SCULPTOR CAP MGMT	811246107	573	$4,962	0.00%
125	CARNIVAL PLC	CUKPF	418	$3,005	0.00%
126	GETAROUND INC	37427G119	2,459	$112	0.00%
127	CHICKEN SOUP FOR THE SOUL EN	16842Q134	2,000	$37	0.00%
128	VIRTUS TOTAL RETURN FD INC	92835W107	4	$27	0.00%