13F HOLDINGS REPORT
Almitas Capital LLC
Quarter ended Q3 2023 · Filed August 11, 2023 · Accession 0001596468-23-000002
Total Value
$233.9M
Positions
92
Other Managers
0
Confidential Omitted
No
Holdings (92)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Great Ajax Corp | 38983D409 | 786,337 | $19.4M | 8.28% |
| 2 | BlackRock ESG Capital Allocation Term Trust | BLK | 1,086,262 | $17.4M | 7.43% |
| 3 | Nuveen Core Plus Impact Fund | NPCT | 1,378,772 | $14.0M | 5.98% |
| 4 | Annaly Capital Management Inc | NLY-PJ | 679,400 | $13.6M | 5.83% |
| 5 | Templeton Global Income Fund | 880198106 | 2,480,094 | $10.6M | 4.55% |
| 6 | Miller/Howard High Dividend Fund | 600379101 | 1,014,629 | $10.6M | 4.55% |
| 7 | BlackRock California Municipal Income Trust | BLK | 738,499 | $8.6M | 3.66% |
| 8 | BrightSpire Capital Inc | BRSP | 889,397 | $6.5M | 2.80% |
| 9 | Center Coast Brookfield MLP & Energy Infrastructure Fund | 151461209 | 295,700 | $6.1M | 2.61% |
| 10 | Tortoise Midstream Energy Fund Inc | 89148B200 | 166,623 | $5.9M | 2.54% |
| 11 | Barings BDC Inc | BBDC | 607,352 | $5.1M | 2.17% |
| 12 | Great Ajax Corp | 38983D300 | 720,209 | $5.0M | 2.12% |
| 13 | ClearBridge MLP & Midstream Total Return Fund Inc | 18469Q207 | 146,706 | $5.0M | 2.12% |
| 14 | General American Investors Co Inc | 368802104 | 109,864 | $4.7M | 2.00% |
| 15 | Eaton Vance New York Municipal Bond Fund | ETN | 451,498 | $4.4M | 1.87% |
| 16 | New York Mortgage Trust Inc | ADAMZ | 408,845 | $4.1M | 1.77% |
| 17 | MFS Investment Grade Municipal Trust | 59318B108 | 513,340 | $3.9M | 1.67% |
| 18 | Nuveen Corporate Income 2023 Target Term Fund | NU | 413,984 | $3.9M | 1.66% |
| 19 | Two Harbors Investment Corp | 90187BAB7 | 4,250,000 | $3.9M | 1.65% |
| 20 | Barings Participation Investors | 06761A103 | 272,182 | $3.6M | 1.55% |
| 21 | NXG NextGen Infrastructure Income Fund | 231647207 | 87,784 | $3.5M | 1.49% |
| 22 | Eaton Vance California Municipal Bond Fund | ETN | 360,526 | $3.2M | 1.38% |
| 23 | PGIM Short Duration High Yield Opportunities Fund | 69355J104 | 183,807 | $2.8M | 1.20% |
| 24 | Tortoise Energy Infrastructure Corp | TYG | 85,273 | $2.6M | 1.12% |
| 25 | Western Asset Mortgage Capital Corp | 95790DAD7 | 2,750,000 | $2.6M | 1.10% |
| 26 | Mexico Fund Inc/The | 592835102 | 140,329 | $2.5M | 1.08% |
| 27 | Goldman Sachs MLP Energy and Renaissance Fund | NVGLF | 159,089 | $2.5M | 1.07% |
| 28 | MFA Financial Inc | 55272X607 | 220,471 | $2.5M | 1.06% |
| 29 | Western Asset Inflation-Linked Opportunities & Income Fund | 95766R104 | 270,274 | $2.4M | 1.03% |
| 30 | Morgan Stanley India Investment Fund Inc | MS-PQ | 107,037 | $2.4M | 1.03% |
| 31 | Aberdeen Total Dynamic Dividend Fund | AOD | 280,447 | $2.4M | 1.00% |
| 32 | Taiwan Fund Inc/The/MD | 874036106 | 66,452 | $2.2M | 0.95% |
| 33 | New America High Income Fund Inc/The | 641876800 | 324,886 | $2.2M | 0.94% |
| 34 | REDWOOD TRUST INC | RWTQ | 2,000,000 | $1.8M | 0.79% |
| 35 | SRH Total Return Fund Inc | STEW | 132,881 | $1.8M | 0.78% |
| 36 | BlackRock Capital Investment Corp | BLK | 470,334 | $1.7M | 0.73% |
| 37 | Nuveen Pennsylvania Quality Municipal Income Fund | NU | 141,974 | $1.6M | 0.69% |
| 38 | Morgan Stanley Emerging Markets Domestic Debt Fund Inc | MS-PQ | 326,122 | $1.6M | 0.68% |
| 39 | Wheeler Real Estate Investment Trust Inc | 963025606 | 129,187 | $1.5M | 0.65% |
| 40 | Nuveen Short Duration Credit Opportunities Fund | NU | 129,962 | $1.5M | 0.64% |
| 41 | BlackRock Resources & Commodities Strategy Trust | BLK | 149,634 | $1.5M | 0.63% |
| 42 | Calamos Long/Short Equity & Dynamic Income Trust | 12812C106 | 87,130 | $1.4M | 0.59% |
| 43 | Safeguard Scientifics Inc | SFES | 796,632 | $1.2M | 0.52% |
| 44 | ClearBridge Energy Midstream Opportunity Fund Inc | 18469P209 | 35,874 | $1.2M | 0.49% |
| 45 | Central Securities Corp | 155123102 | 29,376 | $1.1M | 0.47% |
| 46 | Clough Global Dividend and Income Fund | 18913Y103 | 188,205 | $1.1M | 0.46% |
| 47 | Nuveen Senior Income Fund | NU | 229,436 | $1.1M | 0.45% |
| 48 | PIMCO Energy & Tactical Credit Opportunities Fund | PDX | 62,786 | $1.1M | 0.45% |
| 49 | FS Credit Opportunities Corp | FSCO | 205,615 | $1.0M | 0.44% |
| 50 | Reading International Inc | 755408101 | 372,975 | $992,114 | 0.42% |
| 51 | BNY Mellon Municipal Income Inc | 05589T104 | 147,271 | $941,062 | 0.40% |
| 52 | Eaton Vance California Municipal Income Trust | ETN | 91,887 | $934,491 | 0.40% |
| 53 | Radian Group Inc | RDN | 33,059 | $890,279 | 0.38% |
| 54 | Nuveen Preferred & Income Term Fund | NU | 49,056 | $864,857 | 0.37% |
| 55 | MGIC Investment Corp | 552848103 | 50,426 | $844,131 | 0.36% |
| 56 | Eaton Vance Ltd Duration Income Fund | ETN | 87,167 | $828,087 | 0.35% |
| 57 | DWS Strategic Municipal Income Trust | 23342Q101 | 92,106 | $783,822 | 0.34% |
| 58 | Voya Infrastructure Industrials and Materials Fund | 92912X101 | 75,926 | $781,279 | 0.33% |
| 59 | VMware Inc | 928563402 | 4,762 | $750,634 | 0.32% |
| 60 | Neuberger Berman California Municipal Fund Inc | 64123C101 | 67,716 | $733,364 | 0.31% |
| 61 | DTF Tax-Free Income 2028 Term Fund Inc | DTF | 62,493 | $690,548 | 0.30% |
| 62 | Kayne Anderson NextGen Energy & Infrastructure Inc | 48661E108 | 91,193 | $687,595 | 0.29% |
| 63 | Blackstone Strategic Credit 2027 Term Fund | BX | 61,400 | $683,996 | 0.29% |
| 64 | Arlington Asset Investment Corp | 041356205 | 145,907 | $672,631 | 0.29% |
| 65 | Morgan Stanley China A Share Fund Inc | MS-PQ | 48,425 | $657,612 | 0.28% |
| 66 | Nuveen Floating Rate Income Opportunity Fund | 6706EN100 | 75,648 | $596,106 | 0.25% |
| 67 | Japan Smaller Capitalization Fund Inc | JOF | 79,124 | $589,474 | 0.25% |
| 68 | PhenixFIN Corp | PFXNZ | 15,337 | $552,302 | 0.24% |
| 69 | Nicholas Financial Inc | NODK | 103,024 | $504,818 | 0.22% |
| 70 | Western Asset Intermediate Muni Fund Inc | 958435109 | 65,425 | $503,118 | 0.22% |
| 71 | Ladder Capital Corp | LADR | 45,031 | $494,891 | 0.21% |
| 72 | Tortoise Pipeline & Energy Fund Inc | 89148H207 | 16,131 | $471,670 | 0.20% |
| 73 | PennyMac Corp | 70932AAF0 | 500,000 | $444,165 | 0.19% |
| 74 | Ecofin Sustainable and Social | 27901F109 | 32,613 | $421,360 | 0.18% |
| 75 | Two Harbors Investment Corp | 90187B804 | 28,845 | $386,811 | 0.17% |
| 76 | Blackstone Senior Floating Rate 2027 Term Fund | BX | 29,302 | $383,563 | 0.16% |
| 77 | Nuveen Preferred & Income Opportunities Fund | NU | 53,916 | $355,846 | 0.15% |
| 78 | Special Opportunities Fund Inc | 84741T104 | 27,258 | $315,375 | 0.13% |
| 79 | Ellington Residential Mortgage REIT | ELLA | 42,343 | $308,257 | 0.13% |
| 80 | Mexico Equity and Income Fund Inc/The | 592834105 | 25,653 | $274,487 | 0.12% |
| 81 | WHEELER REIT INC | 963025804 | 5,272 | $263,600 | 0.11% |
| 82 | Dynex Capital Inc | DX-PC | 19,968 | $260,582 | 0.11% |
| 83 | Western Asset Mortgage Capital Corp | 95790D204 | 24,855 | $245,567 | 0.10% |
| 84 | Neuberger Berman New York Municipal Fund Inc | 64124K102 | 25,412 | $244,718 | 0.10% |
| 85 | First Trust Dynamic Europe Equity Income Fund | 33740D107 | 17,198 | $233,721 | 0.10% |
| 86 | Western Asset Investment Grade Defined Opportunity Trust Inc | 95790A101 | 13,118 | $216,578 | 0.09% |
| 87 | Citigroup Inc | C-PR | 4,500 | $214,470 | 0.09% |
| 88 | Tiptree Inc | TIPT | 13,120 | $193,782 | 0.08% |
| 89 | Highland Opportunities and Income Fund | HFRO-PB | 22,078 | $187,884 | 0.08% |
| 90 | Velocity Financial Inc | 92262D101 | 12,120 | $150,046 | 0.06% |
| 91 | Nuveen Floating Rate Income Fund/Closed-end Fund | 67072T108 | 10,941 | $88,403 | 0.04% |
| 92 | Clough Global Opportunities Fund | GLO | 13,140 | $67,408 | 0.03% |