Latest Almitas Capital LLC Stock Portfolio

Almitas Capital LLC Performance:

2025 Q4: -5.7%YTD: 8.53%2024: 17.04%

Performance for 2025 Q4 is -5.7%, and YTD is 8.53%, and 2024 is 17.04%.

About Almitas Capital LLC and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Almitas Capital LLC reported an equity portfolio of $454.2 Millions as of 31 Dec, 2025.

The top stock holdings of Almitas Capital LLC are , , AMLX. The fund has invested 25.8% of it's portfolio in FIDELITY WISE ORIGIN BITCOIN and 7.5% of portfolio in BLACKROCK MUN TARGET TERM TR.

The fund managers got completely rid off PIONEER FLOATING RATE FUND I, ISHARES TR (AAXJ) and FG NEXUS INC. (FGF) stocks. They significantly reduced their stock positions in BLACKROCK MULTI SECTOR INC T, CANNAE HLDGS INC (CNNE) and FULGENT GENETICS INC (FLGT). Almitas Capital LLC opened new stock positions in ELME COMMUNITIES (WRE), FS SPECIALTY LENDING FD and ISHARES TR (AAXJ). The fund showed a lot of confidence in some stocks as they added substantially to MONROE CAP CORP (MRCC), PLAYSTUDIOS INC (MYPS) and PIMCO CALIF MUN INCOME FD.

Almitas Capital LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Almitas Capital LLC made a return of -5.7% in the last quarter. In trailing 12 months, it's portfolio return was 8.53%.

Performance
S&P 500

New Buys

Ticker	$ Bought
elme communities	17,612,500
fs specialty lending fd	11,337,100
liberty all star equity fd	5,052,980
ishares tr	4,837,800
bluerock pvt real estate fd	3,182,780
pimco dynamic income strateg	2,840,660
ennis inc	2,502,600
blackrock health sciences te	2,301,360

New stocks bought by Almitas Capital LLC

Additions

Ticker	% Inc.
monroe cap corp	358
playstudios inc	117
pimco calif mun income fd	109
cohen & steers infrastructur	51.22
clough global equity fd	41.65

Additions to existing portfolio by Almitas Capital LLC

Reductions

Ticker	% Reduced
blackrock multi sector inc t	-96.58
alto neuroscience inc	-79.88
pgim short dur hig yld opp f	-67.69
cannae hldgs inc	-63.01
western asst infltn lkd inm	-61.96
fulgent genetics inc	-56.98
japan smaller capitalization	-54.74
mexico fd inc	-54.2

Almitas Capital LLC reduced stake in above stock

Sold off

Ticker	$ Sold
fg nexus inc.	-8,643,630
pioneer floating rate fund i	-13,943,700
eaton vance new york mun bd	-12,176,200
abrdn japan equity fund inc	-7,725,140
vistagen therapeutics inc	-1,855,930
eaton vance calif mun bd fd	-3,956,680
cohen & steers infrastructur	-20,161
oxford lane cap corp	-4,063,170

Almitas Capital LLC got rid off the above stocks

Sector Distribution

Almitas Capital LLC has about 68.8% of it's holdings in Others sector.

Sector	%
Others	68.8
Healthcare	15.5
Real Estate	8
Financial Services	4
Consumer Cyclical	1.7
Communication Services	1.1

Market Cap. Distribution

Almitas Capital LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	68.8
SMALL-CAP	19.6
MICRO-CAP	6.9
MID-CAP	2.7
NANO-CAP	1.4

Stocks belong to which Index?

About 20.9% of the stocks held by Almitas Capital LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	79.1
RUSSELL 2000	20.9

Top 5 Winners (%)		%
	alto neuroscience inc	205.9 %
QNCX	quince therapeutics inc	102.3 %
LYEL	lyell immunopharma inc	67.2 %
RLYB	rallybio corp	28.1 %
	asa gold and precious mtls l	23.8 %

Top 5 Winners ($)		$
LYEL	lyell immunopharma inc	12.6 M
	asa gold and precious mtls l	7.3 M
DSGN	design therapeutics inc	4.2 M
	alto neuroscience inc	3.2 M
QNCX	quince therapeutics inc	1.7 M

Top 5 Losers (%)		%
WHLR	wheeler real estate invt tr	-62.0 %
ALXO	alx oncology hldgs inc	-28.7 %
MYPS	playstudios inc	-25.9 %
	ishares ethereum tr	-21.6 %
	fidelity ethereum fd	-21.6 %

Top 5 Losers ($)		$
	fidelity wise origin bitcoin	-56.1 M
	fidelity ethereum fd	-11.6 M
AMLX	amylyx pharmaceuticals inc	-4.8 M
	ishares ethereum tr	-3.0 M
ALXO	alx oncology hldgs inc	-2.7 M

Almitas Capital LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Almitas Capital LLC

Almitas Capital LLC has 107 stocks in it's portfolio. About 63% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. LYEL was the most profitable stock for Almitas Capital LLC last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAXJ	ishares tr	1.06	60,000	4,837,800	new

AAXJ	ishares tr	0.00	0.00	0.00	sold off	-100

AIB	midcap financial invstmnt co	0.34	135,477	1,549,860	reduced	-26.94

ALXO	alx oncology hldgs inc	0.63	2,536,890	2,866,690	reduced	-50.00

AMLX	amylyx pharmaceuticals inc	5.65	2,122,600	25,641,000	reduced	-50.00

ANTX	an2 therapeutics inc	0.37	1,479,130	1,686,210	reduced	-48.22

ARR	armour residential reit inc	0.85	217,149	3,841,370	reduced	-50.00

ATNF	ethzilla corporation	0.09	80,408	393,999	new

BCSF	bain cap specialty fin inc	0.05	15,150	208,650	new

BRSP	brightspire capital inc	1.27	1,029,460	5,765,000	reduced	-50.00

CABA	cabaletta bio inc	0.19	387,491	848,605	reduced	-50.00

CCAP	crescent cap bdc inc	1.37	444,234	6,241,490	reduced	-41.00

CGBD	carlyle secured lending inc	0.12	42,885	535,634	new

CIM	chimera invt corp	0.08	29,177	362,670	new

CNNE	cannae hldgs inc	1.43	411,893	6,479,080	reduced	-63.01

CVCO	cavco inds inc del	0.13	992	586,014	new

DSGN	design therapeutics inc	3.16	1,530,440	14,355,500	reduced	-50.00

EBF	ennis inc	0.55	138,956	2,502,600	new

FGF	fg nexus inc.	0.00	0.00	0.00	sold off	-100

FLGT	fulgent genetics inc	0.11	18,478	485,417	reduced	-56.98