Almitas Capital LLC

13F filer · CIK 1596468 · Santa Monica, CA

Summary

Almitas Capital LLC reported $417.36M across 130 positions in its 13F for 2026 Q2, filed Aug 17, 2026. The largest holdings are FBTC (16.7%), BTT (8.1%), ASA (7.8%). Versus 2026 Q1, leaving options aside, it opened 35 new positions, added to 33, trimmed 22 and sold out of 20.

Reported value$417.36M

Positions130

Report period2026 Q2

FiledAug 17, 2026

New positions35

Added33

Trimmed22

Sold out20

Top 25 holdings

By reported value, options listed separately · change vs 2026 Q1

FBTCFIDELITY WISE ORIGIN BITCOINTrim

Weight 16.7%Value $69.66MPrice $72.71Shares 1.36M -11.20%Since Jun 30 +42.43%

BTTBLACKROCK MUN TARGET TERM TRTrim

Weight 8.1%Value $33.79MPrice $21.66Shares 1.49M -0.05%Since Jun 30 -4.79%

ASAASA GOLD AND PRECIOUS MTLS LAdd

Weight 7.8%Value $32.74MPrice $55.73Shares 629K +19.68%Since Jun 30 +7.09%

AMLXAMYLYX PHARMACEUTICALS INCTrim

Weight 4.2%Value $17.51MPrice $29.28Shares 975K -54.07%Since Jun 30 +63.03%

DSGNDESIGN THERAPEUTICS INCTrim

Weight 3.6%Value $14.86MPrice $12.62Shares 1.03M -32.90%Since Jun 30 -12.79%

PDXPIMCO DYNAMIC INCOME STRATEGAdd

Weight 2.7%Value $11.44MPrice $20.19Shares 549K +1.48%Since Jun 30 -3.03%

CRFCORNERSTONE TOTAL RETURN FDAdd

Weight 2.7%Value $11.29MPrice $6.13Shares 1.57M +40.97%Since Jun 30 -14.62%

CNNECANNAE HLDGS INCHold

Weight 2.6%Value $10.67MPrice $15.52Shares 741KSince Jun 30 +7.78%

MEGINYLI CBRE GBL INFR MEGTRNDSAdd

Weight 2.0%Value $8.47MPrice $13.45Shares 557K +76.34%Since Jun 30 -11.51%

LYELLYELL IMMUNOPHARMA INCAdd

Weight 2.0%Value $8.17MPrice $9.63Shares 581K +0.62%Since Jun 30 -31.46%

BMEZBLACKROCK HEALTH SCIENCES TEAdd

Weight 1.9%Value $7.78MPrice $16.91Shares 507K +0.14%Since Jun 30 +10.16%

ANTXAN2 THERAPEUTICS INCTrim

Weight 1.7%Value $7.11MPrice $5.09Shares 1.47M -0.68%Since Jun 30 +5.17%

TYGTORTOISE ENERGY INFRSTRCTR CNew

Weight 1.7%Value $6.94MPrice $38.20Shares 162KSince Jun 30 -10.89%

XPCQXPIMCO CALIF MUN INCOME FDAdd

Weight 1.5%Value $6.37MPrice $8.71Shares 711K +15.17%Since Jun 30 -2.90%

XSSPXNUVEEN S&P 500 DYNAMIC OVERWAdd

Weight 1.5%Value $6.09MPrice $20.57Shares 327K +269.17%Since Jun 30 +10.35%

ALXOALX ONCOLOGY HLDGS INCTrim

Weight 1.5%Value $6.08MPrice $1.35Shares 2.94M -7.42%Since Jun 30 -34.78%

FSSLFS SPECIALTY LENDING FDAdd

Weight 1.4%Value $5.99MPrice $11.68Shares 537K +99.88%Since Jun 30 +4.75%

SDHYPGIM SHORT DUR HIG YLD OPP FAdd

Weight 1.4%Value $5.98MPrice $15.36Shares 365K +103.82%Since Jun 30 -6.28%

CLMCORNERSTONE STRATEGIC INVESTAdd

Weight 1.2%Value $5.00MPrice $6.39Shares 662K +49.72%Since Jun 30 -15.48%

MFMABERDEEN MUN INCOME FDNew

Weight 1.2%Value $4.94MPrice $4.88Shares 879KSince Jun 30 -13.17%

AORISHARES TRNew

Weight 1.2%Value $4.86MPrice $68.73Shares 70KSince Jun 30 -1.11%

SCHHSCHWAB STRATEGIC TRNew

Weight 1.1%Value $4.70MPrice $22.25Shares 199KSince Jun 30 -6.04%

DSMBNY MELLON STRATEGIC MUN BDTrim

Weight 1.1%Value $4.66MPrice $5.11Shares 758K -18.17%Since Jun 30 -16.91%

USALIBERTY ALL STAR EQUITY FDAdd

Weight 1.1%Value $4.64MPrice $5.81Shares 798K +101.86%Since Jun 30 -0.00%

JOFJAPAN SMALLER CAPITALIZATIONTrim

Weight 1.1%Value $4.55MPrice $12.49Shares 386K -4.11%Since Jun 30 +6.03%

Stock	Weight	Value	Price	Shares	Since Jun 30	Shares change	Action
FBTCFIDELITY WISE ORIGIN BITCOIN	16.7%	$69.66M	$72.71	1.36M	+42.43%	-11.20%	Trim
BTTBLACKROCK MUN TARGET TERM TR	8.1%	$33.79M	$21.66	1.49M	-4.79%	-0.05%	Trim
ASAASA GOLD AND PRECIOUS MTLS L	7.8%	$32.74M	$55.73	629K	+7.09%	+19.68%	Add
AMLXAMYLYX PHARMACEUTICALS INC	4.2%	$17.51M	$29.28	975K	+63.03%	-54.07%	Trim
DSGNDESIGN THERAPEUTICS INC	3.6%	$14.86M	$12.62	1.03M	-12.79%	-32.90%	Trim
PDXPIMCO DYNAMIC INCOME STRATEG	2.7%	$11.44M	$20.19	549K	-3.03%	+1.48%	Add
CRFCORNERSTONE TOTAL RETURN FD	2.7%	$11.29M	$6.13	1.57M	-14.62%	+40.97%	Add
CNNECANNAE HLDGS INC	2.6%	$10.67M	$15.52	741K	+7.78%	—	Hold
MEGINYLI CBRE GBL INFR MEGTRNDS	2.0%	$8.47M	$13.45	557K	-11.51%	+76.34%	Add
LYELLYELL IMMUNOPHARMA INC	2.0%	$8.17M	$9.63	581K	-31.46%	+0.62%	Add
BMEZBLACKROCK HEALTH SCIENCES TE	1.9%	$7.78M	$16.91	507K	+10.16%	+0.14%	Add
ANTXAN2 THERAPEUTICS INC	1.7%	$7.11M	$5.09	1.47M	+5.17%	-0.68%	Trim
TYGTORTOISE ENERGY INFRSTRCTR C	1.7%	$6.94M	$38.20	162K	-10.89%	—	New
XPCQXPIMCO CALIF MUN INCOME FD	1.5%	$6.37M	$8.71	711K	-2.90%	+15.17%	Add
XSSPXNUVEEN S&P 500 DYNAMIC OVERW	1.5%	$6.09M	$20.57	327K	+10.35%	+269.17%	Add
ALXOALX ONCOLOGY HLDGS INC	1.5%	$6.08M	$1.35	2.94M	-34.78%	-7.42%	Trim
FSSLFS SPECIALTY LENDING FD	1.4%	$5.99M	$11.68	537K	+4.75%	+99.88%	Add
SDHYPGIM SHORT DUR HIG YLD OPP F	1.4%	$5.98M	$15.36	365K	-6.28%	+103.82%	Add
CLMCORNERSTONE STRATEGIC INVEST	1.2%	$5.00M	$6.39	662K	-15.48%	+49.72%	Add
MFMABERDEEN MUN INCOME FD	1.2%	$4.94M	$4.88	879K	-13.17%	—	New
AORISHARES TR	1.2%	$4.86M	$68.73	70K	-1.11%	—	New
SCHHSCHWAB STRATEGIC TR	1.1%	$4.70M	$22.25	199K	-6.04%	—	New
DSMBNY MELLON STRATEGIC MUN BD	1.1%	$4.66M	$5.11	758K	-16.91%	-18.17%	Trim
USALIBERTY ALL STAR EQUITY FD	1.1%	$4.64M	$5.81	798K	-0.00%	+101.86%	Add
JOFJAPAN SMALLER CAPITALIZATION	1.1%	$4.55M	$12.49	386K	+6.03%	-4.11%	Trim

Weight is the share of the reported 13F value, including options at notional value. “Since Jun 30” compares the latest close with the quarter-end price implied by the filing (value ÷ shares).

Largest buys in 2026 Q2

TYGTORTOISE ENERGY INFRSTRCTR C≈ $6.94MNew

ASAASA GOLD AND PRECIOUS MTLS L≈ $5.38MAdd

MFMABERDEEN MUN INCOME FD≈ $4.94MNew

AORISHARES TR≈ $4.86MNew

SCHHSCHWAB STRATEGIC TR≈ $4.70MNew

Largest sells in 2026 Q2

AMLXAMYLYX PHARMACEUTICALS INC≈ $15.95MTrim

XNQPXNUVEEN PA INVT QUALITY MUN F≈ $12.62MSold

FBTCFIDELITY WISE ORIGIN BITCOIN≈ $10.16MTrim

BIOBIO RAD LABS INC≈ $8.43MSold

XCMUXMFS HIGH YIELD MUN TR≈ $5.36MSold

Source: SEC Form 13F, values as reported by the filer. Filings lag up to 45 days after quarter end and cover only certain long positions. Research only, not investment advice.

Original filing All 13F filings on EDGAR