Almitas Capital 13F annual report
Almitas Capital is an investment fund managing more than $204 billion ran by Mike Gomez. There are currently 67 companies in Mr. Gomez’s portfolio. The largest investments include Great Ajax Corp and Nuveen Core Plus Impact Fund, together worth $43.6 billion.
$204 billion Assets Under Management (AUM)
As of 7th May 2024, Almitas Capital’s top holding is 2,129,481 shares of Great Ajax Corp currently worth over $27 billion and making up 11.3% of the portfolio value.
Relative to the number of outstanding shares of Great Ajax Corp, Almitas Capital owns less than approximately 0.1% of the company.
In addition, the fund holds 1,606,702 shares of Nuveen Core Plus Impact Fund worth $16.6 billion.
The third-largest holding is BlackRock Health Sciences Term Trust worth $15.3 billion and the next is Nuveen Pennsylvania Quality Municipal Income Fund worth $11.4 billion, with 965,867 shares owned.
Currently, Almitas Capital's portfolio is worth at least $204 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Almitas Capital
The Almitas Capital office and employees reside in Santa Monica, California. According to the last 13-F report filed with the SEC, Mike Gomez serves as the CFO at Almitas Capital.
Recent trades
In the most recent 13F filing, Almitas Capital revealed that it had opened a new position in
First Trust Infrastructure Fund and bought 417,641 shares worth $7.58 billion.
This means they effectively own approximately 0.1% of the company.
First Trust Infrastructure Fund makes up
6.1%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Great Ajax Corp by buying
428,213 additional shares.
This makes their stake in Great Ajax Corp total 2,129,481 shares worth $27 billion.
Great Ajax Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Almitas Capital is getting rid of from its portfolio.
Almitas Capital closed its position in Templeton Global Income Fund Inc on 14th May 2024.
It sold the previously owned 3,097,815 shares for $12 billion.
Mike Gomez also disclosed a decreased stake in Miller/howard High Dividend Fund by 0.1%.
This leaves the value of the investment at $10.5 billion and 950,061 shares.
One of the smaller hedge funds
The two most similar investment funds to Almitas Capital are Cabot-wellington and Thomist Capital Management, L.P.. They manage $239 billion and $239 billion respectively.
Mike Gomez investment strategy
Almitas Capital’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 51.9% of
the total portfolio value.
The fund focuses on investments in the United States as
67.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
19% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $359 million.
The complete list of Almitas Capital trades based on 13F SEC filings
These positions were updated on May 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Great Ajax Corp |
25.17%
2,129,481
|
$26,956,895,000 | 11.27% |
| Nuveen Core Plus Impact Fund |
5.36%
1,606,702
|
$16,629,366,000 | 6.95% |
| BlackRock Health Sciences Term Trust |
793.45%
930,918
|
$15,257,746,000 | 6.38% |
| Templeton Global Income Fund Inc |
Closed
3,097,815
|
$11,957,566,000 | |
| Nuveen Pennsylvania Quality Municipal Income Fund |
180.58%
965,867
|
$11,416,548,000 | 4.77% |
| Miller/howard High Dividend Fund |
10.48%
950,061
|
$10,536,176,000 | 4.41% |
| Blackrock Esg Capital Allocation Term Trust |
54.42%
454,826
|
$7,895,779,000 | 3.30% |
| Eaton Vance New York Municipal Bond Fund |
40.43%
806,643
|
$7,832,504,000 | 3.28% |
| First Trust Energy Infrastructure Fund |
Opened
417,641
|
$7,584,361,000 | 3.17% |
| Pgim Short Duration High Yield Opportunities Fund |
133.59%
448,869
|
$6,903,605,000 | 2.89% |
| Pimco Energy Tactical Credit Opportunities Fund |
6.30%
324,019
|
$6,872,443,000 | 2.87% |
| First Trust Energy Income and Growth Fund |
Opened
387,572
|
$6,332,926,000 | 2.65% |
| Center Coast Brookfield Mlp Energy Infrastructure Fund |
Closed
295,700
|
$6,268,840,000 | |
| BlackRock California Municipal Income Trust |
12.24%
463,705
|
$5,480,993,000 | 2.29% |
| Nuveen Preferred Income Term Fund |
145.72%
272,937
|
$5,251,308,000 | 2.20% |
| Tortoise Midstream Energy Fund Inc |
17.26%
134,139
|
$5,141,548,000 | 2.15% |
| Brightspire Capital Inc |
Closed
755,710
|
$4,730,745,000 | |
| New America High Income Fund Inc/the |
130.49%
613,549
|
$4,466,637,000 | 1.87% |
| BNY Mellon Municipal Income Inc |
83.65%
629,435
|
$4,299,041,000 | 1.80% |
| DWS Municipal Income Trust |
399.91%
467,648
|
$4,222,861,000 | 1.77% |
| Design Therapeutics Inc |
Opened
1,026,068
|
$4,135,054,000 | 1.73% |
| Nuveen Corporate Income 2023 Target Term Fund |
Closed
413,984
|
$3,949,407,000 | |
| First Trust Dynamic Europe Equity Income Fund |
Closed
317,469
|
$3,936,616,000 | |
| DTF Tax-Free Income 2028 Term Fund Inc |
1,331.86%
348,973
|
$3,751,460,000 | 1.57% |
| MFS Investment Grade Municipal Trust |
9.34%
491,954
|
$3,748,689,000 | 1.57% |
| MainStay MacKay DefinedTerm Municipal Opportunities Fund |
Opened
224,621
|
$3,672,553,000 | 1.54% |
| Tortoise Pipeline Energy Fund Inc |
Opened
115,755
|
$3,660,185,000 | 1.53% |
| General American Investors Co., Inc. |
35.45%
77,073
|
$3,584,665,000 | 1.50% |
| Nxg Nextgen Infrastructure Income Fund |
Closed
92,355
|
$3,463,313,000 | |
| Srh Total Return Fund Inc |
71.12%
227,390
|
$3,424,493,000 | 1.43% |
| Nuveen New Jersey Quality Municipal Income Fund |
1,573.71%
265,919
|
$3,212,302,000 | 1.34% |
| BlackRock Capital Investment Corp |
Closed
853,697
|
$3,167,216,000 | |
| Eaton Vance California Municipal Bond Fund |
19.92%
326,340
|
$3,083,913,000 | 1.29% |
| Clearbridge Mlp Midstream Fund |
Opened
62,472
|
$2,859,968,000 | 1.20% |
| John Hancock Tax-Advantaged Global Shareholder Yield Fund |
Opened
538,822
|
$2,820,733,000 | 1.18% |
| MFS High Income Municipal Trust |
121.27%
766,961
|
$2,784,068,000 | 1.16% |
| Clearbridge Mlp Midstream Total Return Fund Inc |
48.10%
65,535
|
$2,718,392,000 | 1.14% |
| Destra Multi-Alternative Fund |
3.00%
345,331
|
$2,700,488,000 | 1.13% |
| Morgan Stanley India Investment Fund Inc |
1.29%
112,191
|
$2,573,662,000 | 1.08% |
| Vmware Inc. |
Closed
15,408
|
$2,565,124,000 | |
| Mexico Fund Inc/the |
21.76%
121,781
|
$2,340,631,000 | 0.98% |
| Japan Smaller Capitalization Fund Inc. |
210.51%
285,943
|
$2,281,825,000 | 0.95% |
| MFA Financial Inc |
Closed
220,471
|
$2,118,726,000 | |
| Central Securities Corp |
35.97%
49,605
|
$2,072,001,000 | 0.87% |
| First Trust MLP and Energy Income Fund |
Opened
211,517
|
$2,045,369,000 | 0.86% |
| Voya Infrastructure, Industrials and Materials Fund |
188.88%
185,341
|
$1,949,787,000 | 0.82% |
| Eaton Vance California Municipal Income Trust |
37.26%
179,967
|
$1,909,450,000 | 0.80% |
| Calamos Long/short Equity Dynamic Income Trust |
34.54%
117,221
|
$1,808,720,000 | 0.76% |
| Invesco Trust For Investment Grade New York Municipals |
Opened
154,579
|
$1,661,724,000 | 0.69% |
| Pioneer Municipal High Income Fund Trust |
Opened
184,859
|
$1,634,154,000 | 0.68% |
| Pioneer Municipal High Income Opportunities Fund Inc |
Opened
138,868
|
$1,570,597,000 | 0.66% |
| Taiwan Fund Inc/the/md |
50.21%
39,295
|
$1,556,868,000 | 0.65% |
| Invesco Pennsylvania Value Municipal Income Trust |
167.04%
149,619
|
$1,533,595,000 | 0.64% |
| BNY Mellon Strategic Municipal Bond Fund Inc |
1,330.41%
229,209
|
$1,343,165,000 | 0.56% |
| New York Mortgage Trust Inc |
52.87%
185,139
|
$1,333,001,000 | 0.56% |
| Morgan Stanley Emerging Markets Domestic Debt Fund Inc |
52.16%
262,519
|
$1,246,965,000 | 0.52% |
| Arlington Asset Investment Corp |
Closed
285,885
|
$1,223,588,000 | |
| DWS Strategic Municipal Income Trust |
11.82%
130,986
|
$1,171,015,000 | 0.49% |
| ASA Gold and Precious Metals Ltd |
Opened
67,273
|
$1,033,313,000 | 0.43% |
| Carlyle Credit Income Fund |
Closed
106,297
|
$869,509,000 | |
| Nektar Therapeutics |
Opened
920,225
|
$859,674,000 | 0.36% |
| abrdn National Municipal Income Fund |
28.05%
77,710
|
$805,076,000 | 0.34% |
| Clough Global Dividend and Income Fund |
2.48%
141,649
|
$791,818,000 | 0.33% |
| Western Asset Inflation-linked Opportunities Income Fund |
48.62%
84,641
|
$730,452,000 | 0.31% |
| First Trust New Opportunities Mlp Energy Fund |
Opened
92,346
|
$707,370,000 | 0.30% |
| ClearBridge Energy Midstream Opportunity Fund Inc |
Closed
21,953
|
$695,910,000 | |
| Reading International, Inc. |
Closed
320,584
|
$679,638,000 | |
| Pioneer Municipal High Income Advantage Fund Inc |
Opened
81,492
|
$664,160,000 | 0.28% |
| Nicholas Financial, Inc. |
Opened
96,324
|
$651,150,000 | 0.27% |
| BlackRock Municipal 2030 Target Term Trust |
Closed
33,400
|
$648,294,000 | |
| Radian Group, Inc. |
Closed
25,359
|
$636,764,000 | |
| MGIC Investment Corp |
Closed
37,926
|
$632,985,000 | |
| Morgan Stanley China A Share Fund Inc |
Closed
48,425
|
$603,376,000 | |
| Phenixfin Corp |
Closed
15,337
|
$581,289,000 | |
| Central and Eastern Europe Fund Inc (The) |
Opened
60,250
|
$573,580,000 | 0.24% |
| BlackRock MuniHoldings California Quality Fund Inc |
Closed
59,661
|
$570,359,000 | |
| Nuveen AMT-Free Quality Municipal Income Fund |
Opened
50,885
|
$563,297,000 | 0.24% |
| Blackstone Strategic Credit 2027 Term Fund |
Closed
48,111
|
$528,740,000 | |
| Nicholas Financial, Inc. |
Closed
103,024
|
$492,465,000 | |
| Barings Participation Investors |
Closed
35,183
|
$472,508,000 | |
| AllianceBernstein National Municipal Income Fund Inc |
Opened
41,054
|
$451,183,000 | 0.19% |
| Kayne Anderson Nextgen Energy Infrastructure Inc |
Closed
62,228
|
$443,063,000 | |
| Neuberger Berman California Municipal Fund Inc |
Closed
43,410
|
$424,984,000 | |
| Ladder Capital Corp |
Closed
40,431
|
$414,822,000 | |
| Western Asset Intermediate Muni Fund Inc |
Closed
56,603
|
$405,277,000 | |
| Ecofin Sustainable And Social |
Closed
32,613
|
$390,704,000 | |
| Neuberger Berman Municipal Fund Inc |
Opened
36,402
|
$381,129,000 | 0.16% |
| Clough Global Opportunities Fund. |
Opened
74,688
|
$379,415,000 | 0.16% |
| Blackstone Senior Floating Rate 2027 Term Fund |
Closed
26,436
|
$350,277,000 | |
| Tortoise Energy Infrastructure Corp |
88.41%
9,881
|
$305,422,000 | 0.13% |
| Wheeler Reit Inc |
Closed
5,272
|
$289,960,000 | |
| MFS High Yield Municipal Trust |
Opened
86,729
|
$288,808,000 | 0.12% |
| Gabelli Healthcare Wellnessrx Trust/the |
Closed
31,790
|
$272,758,000 | |
| Safeguard Scientifics, Inc. |
Closed
257,491
|
$257,491,000 | |
| MFS Municipal Income Trust |
Closed
56,434
|
$256,775,000 | |
| Special Opportunities Fund Inc |
Closed
23,058
|
$252,024,000 | |
| Western Asset Investment Grade Defined Opportunity Trust Inc |
Closed
14,018
|
$221,905,000 | |
| BlackRock New York Municipal Income Trust |
Opened
19,915
|
$211,099,000 | 0.09% |
| Federated Hermes Premier Municipal Income Fund |
Opened
17,873
|
$197,854,000 | 0.08% |
| Ellington Credit Co. |
Closed
31,192
|
$193,702,000 | |
| Clough Global Equity Fund |
Closed
31,323
|
$171,650,000 | |
| Mexico Equity And Income Fund Inc/the |
47.27%
13,526
|
$156,361,000 | 0.07% |
| Velocity Financial, Llc |
Closed
12,120
|
$136,956,000 | |
| BNY Mellon Strategic Municipals Inc |
Closed
23,538
|
$125,458,000 | |
| BlackRock MuniYield Pennsylvania Quality Fund |
Closed
11,469
|
$118,934,000 | |
| Barings BDC Inc |
Closed
11,747
|
$104,666,000 | |
| Western Asset Mortgage Capital Corp |
Closed
10,608
|
$99,715,000 | |
| MFS Special Value Trust |
Opened
18,154
|
$80,785,000 | 0.03% |
| Templeton Emerging Markets Income Fund Inc |
Closed
17,088
|
$78,776,000 | |
| First Trust Specialty Finance And Financial Opportunities Fund |
Closed
12,134
|
$40,892,000 | |
| No transactions found | |||
| Showing first 500 out of 110 holdings | |||
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