Almitas Capital LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$454.2M
Holdings
107
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (107 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | FBTCFIDELITY WISE ORIGIN BITCOIN | 1,536,637 | $117.1M | 25.79% | |
| 2 | BTTBLACKROCK MUN TARGET TERM TR | 1,486,013 | $33.9M | 7.47% | |
| 3 | AMLXAMYLYX PHARMACEUTICALS INC | 2,122,597 | $25.6M | 5.65% | |
| 4 | ASAASA GOLD AND PRECIOUS MTLS L | 382,139 | $22.8M | 5.02% | |
| 5 | FETHFIDELITY ETHEREUM FD | 650,000 | $19.2M | 4.24% | |
| 6 | LYELLYELL IMMUNOPHARMA INC | 577,807 | $17.8M | 3.92% | |
| 7 | ELMEELME COMMUNITIES | 1,012,210 | $17.6M | 3.88% | |
| 8 | DSGNDESIGN THERAPEUTICS INC | 1,530,435 | $14.4M | 3.16% | |
| 9 | FSSLFS SPECIALTY LENDING FD | 801,778 | $11.3M | 2.50% | |
| 10 | CNNECANNAE HLDGS INC | 411,893 | $6.5M | 1.43% | |
| 11 | —MONROE CAP CORP | 999,044 | $6.4M | 1.40% | |
| 12 | CCAPCRESCENT CAP BDC INC | 444,234 | $6.2M | 1.37% | |
| 13 | BRSPBRIGHTSPIRE CAPITAL INC | 1,029,464 | $5.8M | 1.27% | |
| 14 | DSMBNY MELLON STRATEGIC MUN BD | 926,301 | $5.7M | 1.26% | |
| 15 | XPCQXPIMCO CALIF MUN INCOME FD | 640,607 | $5.6M | 1.23% | |
| 16 | CMUMFS HIGH YIELD MUN TR | 1,497,718 | $5.3M | 1.16% | |
| 17 | USALIBERTY ALL STAR EQUITY FD | 804,614 | $5.1M | 1.11% | |
| 18 | ETHAISHARES ETHEREUM TR | 219,405 | $4.9M | 1.08% | |
| 19 | HYGISHARES TR | 60,000 | $4.8M | 1.07% | |
| 20 | JOFJAPAN SMALLER CAPITALIZATION | 435,985 | $4.8M | 1.06% | |
| 21 | GLOCLOUGH GLOBAL OPPORTUNITIES | 790,286 | $4.5M | 0.98% | |
| 22 | CXEMFS HIGH INCOME MUN TR | 1,193,886 | $4.4M | 0.97% | |
| 23 | NQPNUVEEN PENNSYLVANIA QLT MUN | 368,795 | $4.4M | 0.97% | |
| 24 | DTFDTF TAX-FREE INCOME 2028 TER | 350,940 | $4.0M | 0.88% | |
| 25 | ARRARMOUR RESIDENTIAL REIT INC | 217,149 | $3.8M | 0.85% | |
| 26 | MXFMEXICO FD INC | 185,924 | $3.7M | 0.82% | |
| 27 | CXHMFS INVT GRADE MUN TR | 454,909 | $3.6M | 0.80% | |
| 28 | BPREBLUEROCK PVT REAL ESTATE FD | 212,185 | $3.2M | 0.70% | |
| 29 | QNCXQUINCE THERAPEUTICS INC | 930,134 | $3.1M | 0.69% | |
| 30 | CEECENTRAL & EASTERN EUROPE FD | 173,254 | $3.1M | 0.68% | |
| 31 | ALXOALX ONCOLOGY HLDGS INC | 2,536,891 | $2.9M | 0.63% | |
| 32 | PDXPIMCO DYNAMIC INCOME STRATEG | 151,260 | $2.8M | 0.63% | |
| 33 | MYPSPLAYSTUDIOS INC | 4,047,346 | $2.6M | 0.58% | |
| 34 | NLYANNALY CAPITAL MANAGEMENT IN | 115,765 | $2.6M | 0.57% | |
| 35 | MSGSMADISON SQUARE GRDN SPRT COR | 9,925 | $2.6M | 0.57% | |
| 36 | ETHGRAYSCALE ETHEREUM MINI TR E | 89,557 | $2.5M | 0.55% | |
| 37 | EBFENNIS INC | 138,956 | $2.5M | 0.55% | |
| 38 | XGLQXCLOUGH GLOBAL EQUITY FD | 322,982 | $2.5M | 0.54% | |
| 39 | AFBALLIANCEBERNSTEIN NATL MUN I | 214,282 | $2.3M | 0.51% | |
| 40 | BMEZBLACKROCK HEALTH SCIENCES TE | 152,914 | $2.3M | 0.51% | |
| 41 | LADRLADDER CAP CORP | 189,357 | $2.1M | 0.46% | |
| 42 | NPCTNUVEEN CORE PLUS IMPACT FUND | 204,356 | $2.1M | 0.46% | |
| 43 | DMBBNY MELLON MUN BD INFRASTRUC | 182,924 | $2.0M | 0.44% | |
| 44 | DIAXNUVEEN DOW 30 DYNMC OVERWRT | 114,201 | $1.7M | 0.38% | |
| 45 | ANTXAN2 THERAPEUTICS INC | 1,479,129 | $1.7M | 0.37% | |
| 46 | TWO 6.25 01/15/26TWO HARBORS INVENTMENT CORPO | 1,613,000 | $1.6M | 0.36% | |
| 47 | FSKFS KKR CAP CORP | 106,600 | $1.6M | 0.35% | |
| 48 | MFICMIDCAP FINANCIAL INVSTMNT CO | 135,477 | $1.5M | 0.34% | |
| 49 | TRCTEJON RANCH CO | 93,137 | $1.5M | 0.32% | |
| 50 | ANROALTO NEUROSCIENCE INC | 78,520 | $1.4M | 0.31% | |
| 51 | STWDSTARWOOD PPTY TR INC | 71,000 | $1.3M | 0.28% | |
| 52 | LEOBNY MELLON STRATEGIC MUNS IN | 197,096 | $1.3M | 0.28% | |
| 53 | MFAMFA FINL INC | 128,086 | $1.2M | 0.26% | |
| 54 | GONGERON CORP | 896,323 | $1.2M | 0.26% | |
| 55 | SBETSHARPLINK GAMING INC | 124,283 | $1.1M | 0.24% | |
| 56 | HPPHUDSON PAC PPTYS INC | 97,816 | $1.1M | 0.23% | |
| 57 | RLYBRALLYBIO CORP | 1,529,653 | $1.0M | 0.23% | |
| 58 | NCDLNUVEEN CHURCHILL DIRECT LEND | 70,160 | $935K | 0.21% | |
| 59 | UTFCOHEN & STEERS INFRASTRUCTUR | 38,562 | $929K | 0.20% | |
| 60 | JFRNUVEEN FLOATING RATE INCOME | 117,948 | $923K | 0.20% | |
| 61 | EICEAGLE POINT INCOME COMPANY I | 80,547 | $919K | 0.20% | |
| 62 | FCTFIRST TR SR FLTG RATE INCOME | 88,034 | $886K | 0.20% | |
| 63 | MEGINYLI CBRE GBL INFR MEGTRNDS | 61,653 | $848K | 0.19% | |
| 64 | CABACABALETTA BIO INC | 387,491 | $848K | 0.19% | |
| 65 | ZNTLZENTALIS PHARMACEUTICALS INC | 610,073 | $823K | 0.18% | |
| 66 | BCATBLACKROCK CAP ALLOCATION TER | 55,000 | $778K | 0.17% | |
| 67 | FTHYFIRST TR HIGH YIELD OPPRT 20 | 55,326 | $778K | 0.17% | |
| 68 | CCIFCARLYLE CREDIT INCOME FUND | 157,285 | $737K | 0.16% | |
| 69 | MFMMFS MUN INCOME TR | 134,361 | $729K | 0.16% | |
| 70 | WDWALKER & DUNLOP INC | 11,600 | $697K | 0.15% | |
| 71 | CRFCORNERSTONE TOTAL RETURN FD | 86,417 | $692K | 0.15% | |
| 72 | EFTEATON VANCE FLTING RATE INC | 59,404 | $670K | 0.15% | |
| 73 | NEWTNEWTEKONE INC | 53,570 | $608K | 0.13% | |
| 74 | XWIAXWESTERN ASST INFLTN LKD INM | 72,863 | $602K | 0.13% | |
| 75 | CVCOCAVCO INDS INC DEL | 992 | $586K | 0.13% | |
| 76 | ASGLIBERTY ALL-STAR GROWTH FD I | 110,481 | $585K | 0.13% | |
| 77 | CGBDCARLYLE SECURED LENDING INC | 42,885 | $535K | 0.12% | |
| 78 | STEWSRH TOTAL RETURN FUND INC | 28,719 | $532K | 0.12% | |
| 79 | SABASABA CAPITAL INCOME & OPPORT | 64,130 | $529K | 0.12% | |
| 80 | FLGTFULGENT GENETICS INC | 18,478 | $485K | 0.11% | |
| 81 | TCPCBLACKROCK TCP CAPITAL CORP | 85,000 | $464K | 0.10% | |
| 82 | GSBDGOLDMAN SACHS BDC INC | 50,000 | $464K | 0.10% | |
| 83 | WHLR 7 12/31/31WHEELER REAL ESTATE INVT TR | 5,271 | $461K | 0.10% | |
| 84 | EMOCLEARBRIDGE ENERGY MIDSTRM O | 9,549 | $426K | 0.09% | |
| 85 | SKYCHAMPION HOMES INC | 5,000 | $422K | 0.09% | |
| 86 | SDHYPGIM SHORT DUR HIG YLD OPP F | 25,277 | $415K | 0.09% | |
| 87 | NMFCNEW MTN FIN CORP | 45,000 | $414K | 0.09% | |
| 88 | ETHZETHZILLA CORPORATION | 80,408 | $393K | 0.09% | |
| 89 | CPZCALAMOS LNG SHR EQT DYNAMIC | 25,204 | $368K | 0.08% | |
| 90 | CIMCHIMERA INVT CORP | 29,177 | $362K | 0.08% | |
| 91 | MSDLMORGAN STANLEY DIRECT LENDIN | 20,000 | $329K | 0.07% | |
| 92 | HQLABRDN LIFE SCIENCES INVESTOR | 19,239 | $322K | 0.07% | |
| 93 | XEFRXEATON VANCE SR FLTNG RTE TR | 28,829 | $321K | 0.07% | |
| 94 | XJQCXNUVEEN CR STRATEGIES INCOME | 63,304 | $317K | 0.07% | |
| 95 | GBDCGOLUB CAP BDC INC | 20,000 | $271K | 0.06% | |
| 96 | OPPRIVERNORTH DOUBLELINE STRATE | 33,963 | $270K | 0.06% | |
| 97 | BITBLACKROCK MULTI SECTOR INC T | 19,543 | $255K | 0.06% | |
| 98 | SWZTOTAL RETURN SECURITIES FUND | 36,781 | $228K | 0.05% | |
| 99 | BCSFBAIN CAP SPECIALTY FIN INC | 15,000 | $208K | 0.05% | |
| 100 | ETJEATON VANCE RISK-MANAGED DIV | 20,661 | $182K | 0.04% |
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