Almitas Capital LLC
Almitas Capital LLC is an investment advisory firm headquartered in Santa Monica, California. Established in 2013, the firm specializes in asset management services for institutional and high-net-worth clients. With a boutique approach and a focused employee roster, Almitas Capital manages assets through public filings and serves investors seeking sophisticated alternative investment strategies.
Investment Strategy
Almitas Capital LLC employs a research-driven investment process with an emphasis on structured credit, asset-backed securities, and related alternative fixed income sectors. The firm seeks to generate superior risk-adjusted returns by identifying market inefficiencies and employing specialized analysis to capitalize on opportunities across the structured products landscape, aiming for consistent yields and downside protection.
Latest 13F Filing Activity
Almitas Capital LLC filed their most recent 13F report on Jun 30, 2025 disclosing 76 equity positions with a total 13F market value of $396M. The fund increased holdings in Fidelity Wise Origin Bitcoin, Fidelity Ethereum FD, Pioneer High Income Fund Inc. among other positions. Almitas Capital LLC reduced exposure to Nektar Therapeutics, Nyli CBRE GBL Infr Megtrnds, Tortoise Energy Infrastructure Corp. among others.
Top Holdings
Equity Positions (76)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
F FBTC | FIDELITY WISE ORIGIN BITCOIN | 38.22% | $151.5M | 1,611,637 | $64.80 | $93.99 | +$32.6M |
B BTT | BLACKROCK MUN TARGET TERM TR | 8.61% | $34.1M | 1,558,260 | $20.92 | $21.89 | +$1.0M |
F FETH | FIDELITY ETHEREUM FD | 4.13% | $16.4M | 650,000 | $25.17 | $25.17 | +$16.4M |
A AMLX | AMYLYX PHARMACEUTICALS INC | 3.43% | $13.6M | 2,122,597 | $2.04 | $6.41 | +$6.1M |
P PHT | PIONEER HIGH INCOME FUND INC | 3.27% | $13.0M | 1,604,088 | $8.09 | $8.09 | +$13.0M |