Almitas Capital LLC

CIK: 0001596468Latest portfolio: $454.2M · Q4 2025

Holdings

107

Total Value

$454.2M

New Positions

57

Closed Positions

12

#StockSharesValue% PortfolioChangeType
1
FBTCFIDELITY WISE ORIGIN BITCOIN
1,536,637$117.1M25.79%-75,000
2
BTTBLACKROCK MUN TARGET TERM TR
1,486,013$33.9M7.47%-53,250
3
AMLXAMYLYX PHARMACEUTICALS INC
2,122,597$25.6M5.65%
4
ASAASA GOLD AND PRECIOUS MTLS L
382,139$22.8M5.02%+47K
5
FETHFIDELITY ETHEREUM FD
650,000$19.2M4.24%
6
LYELLYELL IMMUNOPHARMA INC
577,807$17.8M3.92%
7
ELMEELME COMMUNITIES
1,012,210$17.6M3.88%NEW
8
DSGNDESIGN THERAPEUTICS INC
1,530,435$14.4M3.16%
9
FSSLFS SPECIALTY LENDING FD
801,778$11.3M2.50%NEW
10
CNNECANNAE HLDGS INC
411,893$6.5M1.43%-144,795
11
MONROE CAP CORP
999,044$6.4M1.40%+890K
12
CCAPCRESCENT CAP BDC INC
444,234$6.2M1.37%+68K
13
BRSPBRIGHTSPIRE CAPITAL INC
1,029,464$5.8M1.27%
14
DSMBNY MELLON STRATEGIC MUN BD
926,301$5.7M1.26%+75K
15
XPCQXPIMCO CALIF MUN INCOME FD
640,607$5.6M1.23%+488K
16
CMUMFS HIGH YIELD MUN TR
1,497,718$5.3M1.16%-9,450
17
USALIBERTY ALL STAR EQUITY FD
804,614$5.1M1.11%NEW
18
ETHAISHARES ETHEREUM TR
219,405$4.9M1.08%
19
HYGISHARES TR
60,000$4.8M1.07%NEW
20
JOFJAPAN SMALLER CAPITALIZATION
435,985$4.8M1.06%-45,657
21
GLOCLOUGH GLOBAL OPPORTUNITIES
790,286$4.5M0.98%+298K
22
CXEMFS HIGH INCOME MUN TR
1,193,886$4.4M0.97%+90K
23
NQPNUVEEN PENNSYLVANIA QLT MUN
368,795$4.4M0.97%-9,263
24
DTFDTF TAX-FREE INCOME 2028 TER
350,940$4.0M0.88%
25
ARRARMOUR RESIDENTIAL REIT INC
217,149$3.8M0.85%

Quarterly Changes

New Positions

Closed Positions

Increased Positions

NameSharesChange
MONROE CAP CORP999K+890K
XPCQX641K+488K
QNCX930K+435K
GLO790K+298K
XGLQX323K+209K
ZNTL610K+153K
CXE1.2M+90K
DSM926K+75K
CCAP444K+68K
DMB183K+63K

Decreased Positions

NameSharesChange
CNNE412K-144795
FBTC1.5M-75000
BTT1.5M-53250
GON896K-50000
JOF436K-45657
BIT20K-37569
CXH455K-32779
XWIAX73K-22916
MXF186K-17037
SDHY25K-13838

Sector Breakdown

Financial Services0.0% ($1.171371924662415e+121T)
Technology0.0% ($3.391022802113376e+102T)
Healthcare0.0% ($2.5640177841435536e+34T)
Unknown0.0% ($6.363559224741613e+28T)
Real Estate0.0% ($1.7612576438412588e+26T)
Consumer Cyclical0.0% ($64791.1T)
Industrials0.0% ($25.0B)
Communication Services0.0% ($2.6M)

Filing History

QuarterFiling DatePortfolio ValueHoldings
Q4 2025Feb 17, 2026$454.2M107
Q3 2025Nov 14, 2025$429.8B62
Q2 2025Aug 14, 2025$396.4B82
Q1 2025May 15, 2025$301.4B81
Q4 2024Feb 14, 2025$456.3B92

Fund Information

CIK0001596468
Most Recent FilingFeb 17, 2026
Number of Filings5

Almitas Capital LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $454.2M across 107 holdings. The largest position is FIDELITY WISE ORIGIN BITCOIN (FBTC), representing 25.8% of the portfolio. Compared to the previous quarter, the fund opened 58 new positions and closed 13 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.