13F HOLDINGS REPORT
Almitas Capital LLC
Quarter ended Q1 2025 · Filed May 15, 2025 · Accession 0001596468-25-000005
Total Value
$301.4M
Positions
81
Other Managers
0
Confidential Omitted
No
Holdings (81)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Fidelity Wise Origin Bitcoin Fund | FBTC | 1,652,409 | $118.9M | 39.46% |
| 2 | BlackRock Municipal 2030 Target Term Trust | BLK | 1,558,862 | $33.1M | 10.98% |
| 3 | Nuveen Pennsylvania Quality Municipal Income Fund | NU | 783,803 | $8.8M | 2.92% |
| 4 | BNY Mellon Municipal Income Inc | 05589T104 | 1,081,956 | $7.8M | 2.58% |
| 5 | Amylyx Pharmaceuticals Inc | AMLX | 2,122,597 | $7.5M | 2.49% |
| 6 | Eaton Vance New York Municipal Bond Fund | ETN | 698,195 | $6.6M | 2.20% |
| 7 | Design Therapeutics Inc | DSGN | 1,452,896 | $5.6M | 1.86% |
| 8 | SRH Total Return Fund Inc | STEW | 301,991 | $5.2M | 1.73% |
| 9 | BNY Mellon Strategic Municipal Bond Fund Inc | 09662E109 | 851,087 | $4.9M | 1.63% |
| 10 | Mexico Fund Inc/The | 592835102 | 344,264 | $4.9M | 1.63% |
| 11 | Japan Smaller Capitalization Fund Inc | JOF | 511,819 | $4.3M | 1.42% |
| 12 | MFS High Income Municipal Trust | 59318D104 | 1,047,002 | $3.9M | 1.28% |
| 13 | MFS Investment Grade Municipal Trust | 59318B108 | 470,435 | $3.7M | 1.24% |
| 14 | DTF Tax-Free Income 2028 Term Fund Inc | DTF | 309,611 | $3.5M | 1.15% |
| 15 | PGIM Short Duration High Yield Opportunities Fund | 69355J104 | 196,468 | $3.2M | 1.07% |
| 16 | Nektar Therapeutics | NKTR | 4,610,872 | $3.1M | 1.04% |
| 17 | BlackRock Health Sciences Term Trust | BLK | 204,834 | $3.1M | 1.01% |
| 18 | NYLI CBRE Global Infrastructure Megatrends Term Fund | 56064Q107 | 226,124 | $3.0M | 1.00% |
| 19 | Nuveen Core Plus Impact Fund | NPCT | 269,668 | $2.9M | 0.96% |
| 20 | Zentalis Pharmaceuticals Inc | ZNTL | 1,710,921 | $2.7M | 0.90% |
| 21 | BrightSpire Capital Inc | BRSP | 478,415 | $2.7M | 0.88% |
| 22 | Cannae Holdings Inc | CNNE | 143,651 | $2.6M | 0.87% |
| 23 | Central and Eastern Europe Fund Inc | 153436100 | 180,190 | $2.6M | 0.86% |
| 24 | Pioneer Municipal High Income Advantage Fund Inc | 723762100 | 306,517 | $2.6M | 0.85% |
| 25 | Morgan Stanley India Investment Fund Inc | MS-PQ | 104,744 | $2.6M | 0.85% |
| 26 | Pioneer Municipal High Income Opportunities Fund Inc | 723760104 | 214,870 | $2.5M | 0.84% |
| 27 | Pioneer Municipal High Income Fund Trust | 723763108 | 270,808 | $2.5M | 0.83% |
| 28 | Atea Pharmaceuticals Inc | AVIR | 715,005 | $2.1M | 0.71% |
| 29 | Clough Global Opportunities Fund | GLO | 421,880 | $2.1M | 0.68% |
| 30 | AllianceBernstein National Municipal Income Fund | 01864U106 | 187,470 | $2.0M | 0.68% |
| 31 | Vanguard Dividend Appreciation ETF | 921908844 | 10,314 | $2.0M | 0.66% |
| 32 | Madison Square Garden Sports Corp | 55825T103 | 9,910 | $1.9M | 0.64% |
| 33 | MidCap Financial Investment Corp | 03761U502 | 142,884 | $1.8M | 0.61% |
| 34 | PIMCO California Municipal Income Fund | 72200N106 | 204,489 | $1.8M | 0.60% |
| 35 | AN2 Therapeutics Inc | ANTX | 1,313,111 | $1.8M | 0.59% |
| 36 | Ladder Capital Corp | LADR | 146,523 | $1.7M | 0.55% |
| 37 | iTeos Therapeutics Inc | 46565G104 | 275,120 | $1.6M | 0.54% |
| 38 | Two Harbors Investment Corp | 90187BAB7 | 1,613,000 | $1.6M | 0.53% |
| 39 | MFS High Yield Municipal Trust | 59318E102 | 416,545 | $1.5M | 0.48% |
| 40 | Tortoise Energy Infrastructure Corp | TYG | 32,261 | $1.4M | 0.46% |
| 41 | Lyell Immunopharma Inc | LYEL | 2,482,606 | $1.3M | 0.44% |
| 42 | Western Asset Inflation-Linked Income Fund | 95766Q106 | 159,057 | $1.3M | 0.44% |
| 43 | PIMCO California Municipal Income Fund II | 72200M108 | 216,458 | $1.2M | 0.41% |
| 44 | BlackRock Innovation and Growth Term Trust | BLK | 193,389 | $1.2M | 0.40% |
| 45 | BNY Mellon Municipal Bond Infrastructure Fund Inc | 09662W109 | 103,475 | $1.1M | 0.36% |
| 46 | Wheeler REIT INC | 963025804 | 5,271 | $966,491 | 0.32% |
| 47 | First Trust Specialty Finance and Financial Opportunities Fund | 33733G109 | 213,254 | $916,992 | 0.30% |
| 48 | BNY Mellon Strategic Municipals Inc | 05588W108 | 145,014 | $887,486 | 0.29% |
| 49 | Chimera Investment Corp | 16934Q802 | 66,839 | $857,544 | 0.28% |
| 50 | Rallybio Corp | RLYB | 1,300,581 | $851,230 | 0.28% |
| 51 | ALX Oncology Holdings Inc | ALXO | 1,353,141 | $843,007 | 0.28% |
| 52 | MFA Financial Inc | 55272X607 | 77,440 | $794,534 | 0.26% |
| 53 | Destra Multi-Alternative Fund | 25065A502 | 86,798 | $736,047 | 0.24% |
| 54 | BlackRock MuniHoldings California Quality Fund Inc | BLK | 66,217 | $709,184 | 0.24% |
| 55 | Central Securities Corp | 155123102 | 15,735 | $707,446 | 0.23% |
| 56 | Vistagen Therapeutics Inc | VTGN | 254,655 | $636,638 | 0.21% |
| 57 | Eaton Vance California Municipal Income Trust | ETN | 61,330 | $614,527 | 0.20% |
| 58 | European Equity Fund Inc/The | 298768102 | 63,976 | $582,182 | 0.19% |
| 59 | Cabaletta Bio Inc | CABA | 367,491 | $508,975 | 0.17% |
| 60 | Alto Neuroscience Inc | ANRO | 234,386 | $506,274 | 0.17% |
| 61 | Templeton Emerging Markets Fund/United States | 880191101 | 38,021 | $488,570 | 0.16% |
| 62 | Fulgent Genetics Inc | FLGT | 28,718 | $485,334 | 0.16% |
| 63 | New York Mortgage Trust Inc | ADAMZ | 70,512 | $457,623 | 0.15% |
| 64 | Clough Global Equity Fund | 18914C100 | 70,720 | $444,829 | 0.15% |
| 65 | Crescent Capital BDC Inc | 225655109 | 24,200 | $414,304 | 0.14% |
| 66 | Alector Inc | ALEC | 321,568 | $395,529 | 0.13% |
| 67 | abrdn Japan Equity Fund Inc | JEQ | 60,604 | $394,035 | 0.13% |
| 68 | Cornerstone Strategic Investment Fund Inc | CLM | 48,565 | $360,838 | 0.12% |
| 69 | Boundless Bio Inc | BOLD | 234,378 | $353,911 | 0.12% |
| 70 | PIMCO New York Municipal Income Fund II | 72200Y102 | 46,186 | $326,997 | 0.11% |
| 71 | Taiwan Fund Inc/The/MD | 874036106 | 8,547 | $283,846 | 0.09% |
| 72 | Virtus Total Return Fund Inc | 92835W107 | 44,994 | $268,614 | 0.09% |
| 73 | Templeton Dragon Fund Inc | 88018T101 | 25,175 | $244,198 | 0.08% |
| 74 | Western Asset Inflation-Linked Opportunities & Income Fund | 95766R104 | 22,523 | $197,977 | 0.07% |
| 75 | Royce Global Trust Inc | RGT | 14,935 | $156,818 | 0.05% |
| 76 | PIMCO California Municipal Income Fund III | 72201C109 | 23,415 | $152,666 | 0.05% |
| 77 | Morgan Stanley Emerging Markets Domestic Debt Fund Inc | MS-PQ | 29,256 | $137,503 | 0.05% |
| 78 | John Hancock Diversified Income Fund | HEQ | 12,667 | $131,737 | 0.04% |
| 79 | Gabelli Global Small and Mid Cap Value Trust/The | GGZ | 10,800 | $129,600 | 0.04% |
| 80 | PIMCO New York Municipal Income Fund III | 72201E105 | 12,603 | $71,081 | 0.02% |
| 81 | Hudson Pacific Properties Inc | 444097109 | 17,729 | $52,301 | 0.02% |