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Almitas Capital LLC
hedge fundUpdated 25 days agoManaged by Almitas Capital Llc • Latest filing Q2 2026
Portfolio value
$417.4M
Q2 2026
Filings
14
Quarterly 13F history
Top-10 concentration
100.0%
Weight of largest holdings
Annualized return
39.5%
Implied from 13F holdings
Portfolio value history
13F-disclosed portfolio value over 14 quarters
Show data table
| Period | Portfolio value |
|---|---|
| Q1 2023 | $209.3M |
| Q2 2023 | $233.9M |
| Q3 2023 | $12.5B |
| Q4 2023 | $290.2M |
| Q1 2024 | $242.1M |
| Q2 2024 | $240.5M |
| Q3 2024 | $283M |
| Q4 2024 | $456.3M |
| Q1 2025 | $301.4M |
| Q2 2025 | $396.4M |
| Q3 2025 | $429.8M |
| Q4 2025 | $454.2M |
| Q1 2026 | $442.5M |
| Q2 2026 | $417.4M |
Top holdings
130 positions as of Q2 2026
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | F FBTC FIDELITY WISE ORIGIN BITCOIN | $69.7M | 1.36M | 16.69% | — |
| 2 | B BSTZ BLACKROCK MUN TARGET TERM TR | $33.8M | 1.49M | 8.10% | — |
| 3 | A ASA ASA GOLD AND PRECIOUS MTLS L | $32.7M | 629.1K | 7.84% | — |
| 4 | A AMLX AMYLYX PHARMACEUTICALS INC | $17.5M | 974.9K | 4.20% | — |
| 5 | D DSGN DESIGN THERAPEUTICS INC | $14.9M | 1.03M | 3.56% | — |
| 6 | P PDI PIMCO DYNAMIC INCOME STRATEG | $11.4M | 549.5K | 2.74% | — |
| 7 | C CRF CORNERSTONE TOTAL RETURN FD | $11.3M | 1.57M | 2.70% | — |
| 8 | C CNNE CANNAE HLDGS INC | $10.7M | 741.3K | 2.56% | — |
| 9 | M MEGI NYLI CBRE GBL INFR MEGTRNDS | $8.5M | 557.5K | 2.03% | — |
| 10 | L LYEL LYELL IMMUNOPHARMA INC | $8.2M | 581.4K | 1.96% | — |
| 11 | B BMEZ BLACKROCK HEALTH SCIENCES TE | $7.8M | 507.1K | 1.86% | — |
| 12 | ? N/A AN2 THERAPEUTICS INC | $7.1M | 1.47M | 1.70% | — |
| 13 | T TYG TORTOISE ENERGY INFRSTRCTR C | $6.9M | 161.9K | 1.66% | — |
| 14 | P PCQ PIMCO CALIF MUN INCOME FD | $6.4M | 710.6K | 1.53% | — |
| 15 | S SPXX NUVEEN S&P 500 DYNAMIC OVERW | $6.1M | 326.9K | 1.46% | — |
| 16 | A ALXO ALX ONCOLOGY HLDGS INC | $6.1M | 2.94M | 1.46% | — |
| 17 | F FSSL FS SPECIALTY LENDING FD | $6M | 537.3K | 1.44% | — |
| 18 | S SDHY PGIM SHORT DUR HIG YLD OPP F | $6M | 364.7K | 1.43% | — |
| 19 | C CLM CORNERSTONE STRATEGIC INVEST | $5M | 661.8K | 1.20% | — |
| 20 | M MFM ABERDEEN MUN INCOME FD | $4.9M | 878.5K | 1.18% | — |