Almitas Capital LLC

Q1 2026 13F-HR Holdings

Location
Santa Monica, CA
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
115
Total value ($000)
$442,547
Net value change ($000)
-11,627 (-2.6%)
New positions
29
Sold out positions
23
Turnover %
19.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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 9,805 43.0%
PDX 9,104 320.5%
BIO 8,433 NEW
NQP 8,231 187.7%
CRF 7,060 1020.2%
BMEZ 4,971 216.0%
AMLX 3,863 15.1%
MEGI 3,796 447.6%
ALXO 3,497 122.0%
ANTX 3,373 200.1%
Top Reduces (Value $000, Stocks/ETFs)
FBTC -26,430 -22.6%
FETH -19,247 -100.0%
ELME -12,371 -70.2%
FSSL -7,974 -70.3%
LYEL -6,194 -34.8%
ETHA -4,921 -100.0%
HYG -4,838 -100.0%
ARR -3,841 -100.0%
BPRE -3,183 -100.0%
QNCX -3,116 -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.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type