Data as of Q4 2025 (Dec 31, 2025)

Almitas Capital LLC

•CIK: 1596468•Filing: Q4 2025

**Almitas Capital LLC** manages $454M across a diversified portfolio of 107 positions. The fund exhibits a notable concentration in digital assets, with its largest holding being FBTC at $117.1M. Further significant allocations include BTT ($33.9M) and AMLX ($25.6M). This positioning suggests a focused, high-conviction approach within the digital asset landscape.

Total AUM
$452.6M
QoQ Performance
+3.6%
Positions
106
Top 10 Concentration
63.3%
Latest Filing
Q4 2025

Top Holdings Allocation

FBTC
BTT
AMLX
ASA
FBTC25.9%
BTT7.5%
AMLX5.7%
ASA5.0%
FETH4.3%
LYEL3.9%
ELME3.9%
DSGN3.2%

📈 Biggest Buys

ELME
ELME COMMUNITIES
NEW
3.9% of portfolio
FSSL
FS SPECIALTY LENDING FD
NEW
2.5% of portfolio
MRCC
MONROE CAP CORP
+817.4%
1.4% of portfolio
USA
LIBERTY ALL STAR EQUITY FD
NEW
1.1% of portfolio
HYG
ISHARES TR
NEW
1.1% of portfolio

📉 Biggest Sells

BIT
BLACKROCK MULTI SECTOR INC T
-96.2%
0.1% of portfolio
FBTC
FIDELITY WISE ORIGIN BITCOIN
-4.7%
25.9% of portfolio
CNNE
CANNAE HLDGS INC
-26.0%
1.4% of portfolio
ANRO
ALTO NEUROSCIENCE INC
-59.8%
0.3% of portfolio
BTT
BLACKROCK MUN TARGET TERM TR
-3.5%
7.5% of portfolio

Sector Breakdown

Other100.0%

🚪 Exited Positionssold since Q3 2025

XPHDX
PIONEER FLOATING RATE FUND I
SOLD
$7.0M
—
EATON VANCE NEW YORK MUN BD
SOLD
$6.1M
IGF
ISHARES TR
SOLD
$5.7M
—
FG NEXUS INC.
SOLD
$4.4M
—
ABRDN JAPAN EQUITY FUND INC
SOLD
$3.9M
+12 more exited positions

Changes from Q3 2025

NEW57 new positions
↑17 increased
↓15 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

📌 Top Holdings

FBTC25.9%
FIDELITY WISE ORIGIN BITCOIN
$117.1M
BTT7.5%
BLACKROCK MUN TARGET TERM TR
$33.9M
AMLX5.7%
AMYLYX PHARMACEUTICALS INC
$25.6M
FETH4.3%
FIDELITY ETHEREUM FD
$19.2M
LYEL3.9%
LYELL IMMUNOPHARMA INC
$17.8M

⚖️ Compare Fund

Compare this fund's holdings with other hedge funds.

🎯 Fund Movement Signals

See AI-analyzed fund movement signals and accumulation patterns.

👤 Insider Trading

See what corporate insiders are buying and selling.