AI Portfolio Summary
In 2025 Q4, Almitas Capital LLC maintained a portfolio of 120 distinct positions. The most significant new addition to the portfolio was ELME COMMUNITIES, which now represents 3.88% of the total fund value. They heavily accumulated shares in ASA GOLD AND PRECIOU, increasing their position by 14.0%. The fund also reduced its exposure to ALTO NEUROSCIENCE IN by 59.8%.
Total Positions
120
Quarter
2025 Q4
Top Holding
FBTC (25.8%)
Top 10 Concentration
63.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 120
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
FBTC
FIDELITY WISE O...
|
Unknown | 25.79% | 37.42% |
#1
Prev: #1
|
6.5 | -75,000 | -4.7% |
P
S
|
1,536,637 | $117,137,839 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BTT
BLACKROCK MUN T...
|
Financial Services | 7.47% | 8.04% |
#2
Prev: #2
|
5.0 | -53,250 | -3.5% |
P
S
|
1,486,013 | $33,910,817 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMLX
AMYLYX PHARMACE...
|
Healthcare | 5.65% | 6.71% |
#3
Prev: #3
|
4.3 | no change | no change |
P
S
|
2,122,597 | $25,640,972 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASA
ASA GOLD AND PR...
|
Financial Services | 5.02% | 3.57% |
#4
1
Prev: #5
|
4.5 | 46,797 | 14.0% |
P
S
|
382,139 | $22,802,234 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FETH
FIDELITY ETHERE...
|
Unknown | 4.24% | 6.28% |
#5
1
Prev: #4
|
3.2 | no change | no change |
P
S
|
650,000 | $19,246,500 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LYEL
LYELL IMMUNOPHA...
|
Healthcare | 3.92% | 2.18% |
#6
2
Prev: #8
|
2.6 | no change | no change |
P
S
|
577,807 | $17,784,899 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ELME
ELME COMMUNITIE...
|
Bond/Debt | 3.88% | — |
#7
Prev: #—
|
5.1 | 1,012,210 | no change |
NEW
|
1,012,210 | $17,612,454 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DSGN
DESIGN THERAPEU...
|
Healthcare | 3.16% | 2.68% |
#8
2
Prev: #6
|
2.3 | no change | no change |
P
S
|
1,530,435 | $14,355,480 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FSSL
FS SPECIALTY LE...
|
Bond/Debt | 2.50% | — |
#9
Prev: #—
|
4.5 | 801,778 | no change |
NEW
|
801,778 | $11,337,141 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNNE
CANNAE HLDGS IN...
|
Consumer Cyclical | 1.43% | 2.37% |
#10
3
Prev: #7
|
0.6 | -144,795 | -26.0% |
P
S
|
411,893 | $6,479,077 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MRCC
MONROE CAP CORP
|
Financial Services | 1.40% | 0.18% |
#11
41
Prev: #52
|
3.6 | 890,139 | 817.4% |
P
S
|
999,044 | $6,363,910 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCAP
CRESCENT CAP BD...
|
Financial Services | 1.37% | 1.25% |
#12
2
Prev: #14
|
2.5 | 67,773 | 18.0% |
P
S
|
444,234 | $6,241,488 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BRSP
BRIGHTSPIRE CAP...
|
Real Estate | 1.27% | 1.30% |
#13
Prev: #13
|
1.5 | no change | no change |
P
S
|
1,029,464 | $5,764,998 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DSM
BNY MELLON STRA...
|
Financial Services | 1.26% | 1.17% |
#14
3
Prev: #17
|
2.5 | 75,214 | 8.8% |
P
S
|
926,301 | $5,715,277 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PCQ
PIMCO CALIF MUN...
|
Financial Services | 1.23% | 0.31% |
#15
23
Prev: #38
|
3.5 | 487,609 | 318.7% |
P
S
|
640,607 | $5,592,499 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CMU
MFS HIGH YIELD ...
|
Bond/Debt | 1.16% | 1.22% |
#16
1
Prev: #15
|
1.0 | -9,450 | -0.6% |
P
S
|
1,497,718 | $5,256,990 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
USA
LIBERTY ALL STA...
|
Bond/Debt | 1.11% | — |
#17
Prev: #—
|
3.9 | 804,614 | no change |
NEW
|
804,614 | $5,052,976 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ETHA
ISHARES ETHEREU...
|
ETF | 1.08% | 1.61% |
#18
8
Prev: #10
|
1.4 | no change | no change |
P
S
|
219,405 | $4,921,254 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HYG
ISHARES TR
|
ETF | 1.07% | — |
#19
Prev: #—
|
3.9 | 60,000 | no change |
NEW
|
60,000 | $4,837,800 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JOF
JAPAN SMALLER C...
|
Financial Services | 1.06% | 1.18% |
#20
4
Prev: #16
|
0.9 | -45,657 | -9.5% |
P
S
|
435,985 | $4,830,714 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLO
CLOUGH GLOBAL O...
|
Bond/Debt | 0.98% | 0.65% |
#21
7
Prev: #28
|
3.4 | 298,428 | 60.7% |
P
S
|
790,286 | $4,473,019 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CXE
MFS HIGH INCOME...
|
Bond/Debt | 0.97% | 0.95% |
#22
1
Prev: #21
|
2.4 | 90,456 | 8.2% |
P
S
|
1,193,886 | $4,417,378 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NQP
NUVEEN PENNSYLV...
|
Financial Services | 0.97% | 1.06% |
#23
4
Prev: #19
|
0.9 | -9,263 | -2.5% |
P
S
|
368,795 | $4,384,973 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DTF
DTF TAX-FREE IN...
|
Financial Services | 0.88% | 0.93% |
#24
2
Prev: #22
|
1.4 | no change | no change |
P
S
|
350,940 | $4,007,735 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARR
ARMOUR RESIDENT...
|
Real Estate | 0.85% | 0.75% |
#25
2
Prev: #27
|
1.3 | no change | no change |
P
S
|
217,149 | $3,841,366 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MXF
MEXICO FD INC
|
Financial Services | 0.82% | 0.93% |
#26
3
Prev: #23
|
0.8 | -17,037 | -8.4% |
P
S
|
185,924 | $3,744,509 | 2018 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CXH
MFS INVT GRADE ...
|
Bond/Debt | 0.80% | 0.89% |
#27
2
Prev: #25
|
0.8 | -32,779 | -6.7% |
P
S
|
454,909 | $3,616,527 | 2022 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BPRE
BLUEROCK PVT RE...
|
Financial Services | 0.70% | — |
#28
Prev: #—
|
3.8 | 212,185 | no change |
NEW
|
212,185 | $3,182,775 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
QNCX
QUINCE THERAPEU...
|
Healthcare | 0.69% | 0.19% |
#29
18
Prev: #47
|
3.3 | 435,356 | 88.0% |
P
S
|
930,134 | $3,115,949 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CEE
CENTRAL & EASTE...
|
Financial Services | 0.68% | 0.62% |
#30
1
Prev: #29
|
1.3 | no change | no change |
P
S
|
173,254 | $3,066,596 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALXO
ALX ONCOLOGY HL...
|
Healthcare | 0.63% | 1.08% |
#31
13
Prev: #18
|
1.3 | no change | no change |
P
S
|
2,536,891 | $2,866,687 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PDX
PIMCO DYNAMIC I...
|
Bond/Debt | 0.63% | — |
#32
Prev: #—
|
3.8 | 151,260 | no change |
NEW
|
151,260 | $2,840,663 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MYPS
PLAYSTUDIOS INC
|
Communication Services | 0.58% | 0.21% |
#33
12
Prev: #45
|
3.2 | 3,115,758 | 334.5% |
P
S
|
4,047,346 | $2,636,846 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NLY
ANNALY CAPITAL ...
|
Real Estate | 0.57% | 0.54% |
#34
4
Prev: #30
|
1.2 | no change | no change |
P
S
|
115,765 | $2,588,505 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSGS
MADISON SQUARE ...
|
Communication Services | 0.57% | 0.52% |
#35
3
Prev: #32
|
1.2 | no change | no change |
P
S
|
9,925 | $2,567,101 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ETH
GRAYSCALE ETHER...
|
Unknown | 0.55% | 0.82% |
#36
10
Prev: #26
|
1.2 | no change | no change |
P
S
|
89,557 | $2,512,969 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EBF
ENNIS INC
|
Industrials | 0.55% | — |
#37
Prev: #—
|
3.7 | 138,956 | no change |
NEW
|
138,956 | $2,502,598 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLQ
CLOUGH GLOBAL E...
|
Financial Services | 0.54% | 0.20% |
#38
8
Prev: #46
|
3.2 | 208,975 | 183.3% |
P
S
|
322,982 | $2,474,042 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AFB
ALLIANCEBERNSTE...
|
Financial Services | 0.51% | 0.54% |
#39
8
Prev: #31
|
1.2 | no change | no change |
P
S
|
214,282 | $2,318,531 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BMEZ
BLACKROCK HEALT...
|
Financial Services | 0.51% | — |
#40
Prev: #—
|
3.7 | 152,914 | no change |
NEW
|
152,914 | $2,301,356 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LADR
LADDER CAP CORP
|
Real Estate | 0.46% | 0.46% |
#41
6
Prev: #35
|
0.7 | 8,664 | 4.8% |
P
S
|
189,357 | $2,081,033 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NPCT
NUVEEN CORE PLU...
|
Bond/Debt | 0.46% | — |
#42
Prev: #—
|
3.7 | 204,356 | no change |
NEW
|
204,356 | $2,080,344 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DMB
BNY MELLON MUN ...
|
Financial Services | 0.44% | 0.30% |
#43
3
Prev: #40
|
3.2 | 63,493 | 53.2% |
P
S
|
182,924 | $2,010,335 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DIAX
NUVEEN DOW 30 D...
|
Financial Services | 0.38% | — |
#44
Prev: #—
|
3.7 | 114,201 | no change |
NEW
|
114,201 | $1,742,707 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ANTX
AN2 THERAPEUTIC...
|
Healthcare | 0.37% | 0.42% |
#45
9
Prev: #36
|
0.6 | 50,806 | 3.6% |
P
S
|
1,479,129 | $1,686,207 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
TWO HARBORS INV...
|
—
|
Bond/Debt | 0.36% | 0.37% |
#46
9
Prev: #37
|
1.1 | no change | no change |
P
S
|
1,613,000 | $1,613,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
FSK
FS KKR CAP CORP
|
Financial Services | 0.35% | — |
#47
Prev: #—
|
3.6 | 106,600 | no change |
NEW
|
106,600 | $1,578,746 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MFIC
MIDCAP FINANCIA...
|
Financial Services | 0.34% | 0.26% |
#48
6
Prev: #42
|
2.6 | 42,760 | 46.1% |
P
S
|
135,477 | $1,549,857 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TRC
TEJON RANCH CO
|
Industrials | 0.32% | — |
#49
Prev: #—
|
3.6 | 93,137 | no change |
NEW
|
93,137 | $1,468,770 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ANRO
ALTO NEUROSCIEN...
|
Healthcare | 0.31% | 0.18% |
#50
1
Prev: #49
|
0.1 | -116,625 | -59.8% |
P
S
|
78,520 | $1,397,656 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 120 holdings