Almitas Capital LLC
Q3 2025 13F-HR Holdings
Net value change ($000)
+33,481
(8.4%)
New positions
13
Sold out positions
34
Turnover %
24.6%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q2 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| ASA | 15,359 | NEW |
| AMLX | 15,240 | 112.0% |
| FETH | 10,647 | 65.1% |
| FBTC | 9,379 | 6.2% |
| DSGN | 6,366 | 123.4% |
| IGF | 5,679 | NEW |
| LYEL | 4,257 | 83.0% |
| FGNX | 4,252 | NEW |
| PHD | 3,649 | 109.8% |
| ALXO | 3,589 | 340.5% |
Top Reduces (Value $000, Stocks/ETFs)
| XPHTX | -12,977 | -100.0% |
| PIONEER MUNICIPAL HIGH INCOME ADVANTAGE FUND, INC. | -10,325 | -100.0% |
| PIONEER MUNICIPAL HIGH INCOME FUND, INC. | -9,345 | -100.0% |
| Pioneer Municipal High Income Opportunities Fund, Inc. | -9,332 | -100.0% |
| CRF | -6,441 | -100.0% |
| iTeos Therapeutics, Inc. | -4,857 | -100.0% |
| NQP | -3,441 | -43.1% |
| SDHY | -2,348 | -78.2% |
| MXF | -1,794 | -31.0% |
| AVIR | -1,603 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|