Almitas Capital LLC Q1 2025 Filing

Filed May 15, 2025

Portfolio Value

$301.4M

Holdings

81

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (81 positions)

#StockSharesValue% PortfolioType
1
FBTCFidelity Wise Origin Bitcoin Fund
1,652,409$118.9M39.46%
2
BTTBlackRock Municipal 2030 Target Term Trust
1,558,862$33.1M10.98%
3
NQPNuveen Pennsylvania Quality Municipal Income Fund
783,803$8.8M2.92%
4
BKFIBNY Mellon Municipal Income Inc
1,081,956$7.8M2.58%
5
AMLXAmylyx Pharmaceuticals Inc
2,122,597$7.5M2.49%
6
XENWXEaton Vance New York Municipal Bond Fund
698,195$6.6M2.20%
7
DSGNDesign Therapeutics Inc
1,452,896$5.6M1.86%
8
STEWSRH Total Return Fund Inc
301,991$5.2M1.73%
9
DSMBNY Mellon Strategic Municipal Bond Fund Inc
851,087$4.9M1.63%
10
MXFMexico Fund Inc/The
344,264$4.9M1.63%
11
JOFJapan Smaller Capitalization Fund Inc
511,819$4.3M1.42%
12
CXEMFS High Income Municipal Trust
1,047,002$3.9M1.28%
13
CXHMFS Investment Grade Municipal Trust
470,435$3.7M1.24%
14
DTFDTF Tax-Free Income 2028 Term Fund Inc
309,611$3.5M1.15%
15
SDHYPGIM Short Duration High Yield Opportunities Fund
196,468$3.2M1.07%
16
NKTREURNektar Therapeutics
4,610,872$3.1M1.04%
17
BMEZBlackRock Health Sciences Term Trust
204,834$3.1M1.01%
18
MEGINYLI CBRE Global Infrastructure Megatrends Term Fund
226,124$3.0M1.00%
19
NPCTNuveen Core Plus Impact Fund
269,668$2.9M0.96%
20
ZNTLZentalis Pharmaceuticals Inc
1,710,921$2.7M0.90%
21
BRSPBrightSpire Capital Inc
478,415$2.7M0.88%
22
CNNECannae Holdings Inc
143,651$2.6M0.87%
23
CEECentral and Eastern Europe Fund Inc
180,190$2.6M0.86%
24
XPMAXPioneer Municipal High Income Advantage Fund Inc
306,517$2.6M0.85%
25
IIFMorgan Stanley India Investment Fund Inc
104,744$2.6M0.85%
26
MIOPioneer Municipal High Income Opportunities Fund Inc
214,870$2.5M0.84%
27
MHIPioneer Municipal High Income Fund Trust
270,808$2.5M0.83%
28
AVIRAtea Pharmaceuticals Inc
715,005$2.1M0.71%
29
GLOClough Global Opportunities Fund
421,880$2.1M0.68%
30
AFBAllianceBernstein National Municipal Income Fund
187,470$2.0M0.68%
31
VIGVanguard Dividend Appreciation ETF
10,314$2.0M0.66%
32
MSGSMadison Square Garden Sports Corp
9,910$1.9M0.64%
33
MFICMidCap Financial Investment Corp
142,884$1.8M0.61%
34
XPCQXPIMCO California Municipal Income Fund
204,489$1.8M0.60%
35
ANTXAN2 Therapeutics Inc
1,313,111$1.8M0.59%
36
LADRLadder Capital Corp
146,523$1.7M0.55%
37
5E7iTeos Therapeutics Inc
275,120$1.6M0.54%
38
TWO 6.25 01/15/26Two Harbors Investment Corp
1,613,000$1.6M0.53%
39
CMUMFS High Yield Municipal Trust
416,545$1.5M0.48%
40
TYGTortoise Energy Infrastructure Corp
32,261$1.4M0.46%
41
LYELLyell Immunopharma Inc
2,482,606$1.3M0.44%
42
XWIAXWestern Asset Inflation-Linked Income Fund
159,057$1.3M0.44%
43
XPCKXPIMCO California Municipal Income Fund II
216,458$1.2M0.40%
44
BTXBlackRock Innovation and Growth Term Trust
193,389$1.2M0.40%
45
DMBBNY Mellon Municipal Bond Infrastructure Fund Inc
103,475$1.1M0.36%
46
WHLR 7 12/31/31Wheeler REIT INC
5,271$966K0.32%
47
XFEBFirst Trust Specialty Finance and Financial Opportunities Fund
213,254$916K0.30%
48
LEOBNY Mellon Strategic Municipals Inc
145,014$887K0.29%
49
CIMChimera Investment Corp
66,839$857K0.28%
50
RLYBRallybio Corp
1,300,581$851K0.28%
51
ALXOALX Oncology Holdings Inc
1,353,141$843K0.28%
52
MFAMFA Financial Inc
77,440$794K0.26%
53
DMADestra Multi-Alternative Fund
86,798$736K0.24%
54
MUCBlackRock MuniHoldings California Quality Fund Inc
66,217$709K0.24%
55
CETCentral Securities Corp
15,735$707K0.23%
56
VTGNVistagen Therapeutics Inc
254,655$636K0.21%
57
CEVEaton Vance California Municipal Income Trust
61,330$614K0.20%
58
EEAEuropean Equity Fund Inc/The
63,976$582K0.19%
59
CABACabaletta Bio Inc
367,491$508K0.17%
60
ANROAlto Neuroscience Inc
234,386$506K0.17%
61
EMFTempleton Emerging Markets Fund/United States
38,021$488K0.16%
62
FLGTFulgent Genetics Inc
28,718$485K0.16%
63
ADAMNew York Mortgage Trust Inc
70,512$457K0.15%
64
XGLQXClough Global Equity Fund
70,720$444K0.15%
65
CCAPCrescent Capital BDC Inc
24,200$414K0.14%
66
ALECAlector Inc
321,568$395K0.13%
67
XJEQXabrdn Japan Equity Fund Inc
60,604$394K0.13%
68
CLMCornerstone Strategic Investment Fund Inc
48,565$360K0.12%
69
BOLDBoundless Bio Inc
234,378$353K0.12%
70
PNIPIMCO New York Municipal Income Fund II
46,186$326K0.11%
71
TWNTaiwan Fund Inc/The/MD
8,547$283K0.09%
72
ZTRVirtus Total Return Fund Inc
44,994$268K0.09%
73
TDFTempleton Dragon Fund Inc
25,175$244K0.08%
74
WIWWestern Asset Inflation-Linked Opportunities & Income Fund
22,523$197K0.07%
75
RGTRoyce Global Trust Inc
14,935$156K0.05%
76
PZCPIMCO California Municipal Income Fund III
23,415$152K0.05%
77
EDDMorgan Stanley Emerging Markets Domestic Debt Fund Inc
29,256$137K0.05%
78
HEQJohn Hancock Diversified Income Fund
12,667$131K0.04%
79
GGZGabelli Global Small and Mid Cap Value Trust/The
10,800$129K0.04%
80
PNIPIMCO New York Municipal Income Fund III
12,603$71K0.02%
81
HPPHudson Pacific Properties Inc
17,729$52K0.02%