Arkolith/Funds/Almitas Capital LLC

Almitas Capital LLC

CIK 1596468
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Active Filer

Almitas Capital LLC holds a focused book of 115 stocks worth $442.5M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened BIO RAD LABS INC and trimmed DESIGN THERAPEUTICS INC. Their largest long position is FIDELITY WISE ORIGIN BITCOIN at 20% of the equity book.

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holdings, largest changes, and filing provenance.
Opened
31
new positions
Added to
31
existing
Trimmed
16
reduced
Sold out
23
exited

Concentration

Top-heavy: focused book

Top 5 holdings
46%
Top 10 holdings
58%
Top 20 holdings
71%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

27% mapped to company sectors

ETF / fund or unclassified
73%
Financials
21%
Real Estate
3%
Health Care
2%
Consumer Discretionary
1%
Communication Services
1%
Materials
0%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
  • ASA GOLD AND PRECIOUS MTLS L
    +38%$8.9M
  • PIMCO DYNAMIC INCOME STRATEG
    +258%$8.6M
  • BIO RAD LABS INC
    New$8.4M
  • NUVEEN PA INVT QUALITY MUN F
    +187%$8.2M
  • CORNERSTONE TOTAL RETURN FD
    13×$7.2M
  • +231%$5.1M
Trimmed / exited
  • RALLYBIO CORP
    −88%$12.0M
  • FS SPECIALTY LENDING FD
    −66%$6.7M
  • LIBERTY ALL STAR EQUITY FD
    −51%$2.3M
  • NUVEEN CORE PLUS IMPACT FUND
    −58%$1.2M
  • CRESCENT CAP BDC INC
    −20%$1.1M
  • CLOUGH GLOBAL OPPORTUNITIES
    −16%$721K

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

115 positions
#SecurityValueShares% PortLast moveHistory
1Fidelity Wise Origin Bitcoin
SHS
$90.7M1.54M
20.5%
Held
2BlackRock Mun Target Term TR
COM SHS BEN IN
$33.7M1.49M
7.6%
Held
3ASA Gold And Precious MTLS L
SHS
$32.6M525.7K
7.4%
+38%
Added · +144K sh
4Amylyx Pharmaceuticals Inc
COM
$29.5M2.12M
6.7%
Held
5Design Therapeutics Inc
COM
$16.3M1.53M
3.7%
~0%
Reduced · −100 sh
6Nuveen Pa Invt Quality Mun F
COM
$12.6M1.06M
2.9%
+187%
Added · +689K sh
7Pimco Dynamic Income Strateg
COM SHS BEN INT
$11.9M541.5K
2.7%
+258%
Added · +390K sh
8Lyell Immunopharma Inc
COM NEW
$11.6M577.8K
2.6%
Held
9Bio Rad Labs Inc
CL A
$8.4M30.3K
1.9%
New
New position
10Cannae Hldgs Inc
COM
$8.4M741.3K
1.9%
+80%
Added · +329K sh
11Cornerstone Total Return FD
COM
$7.8M1.12M
1.8%
13×
Added · +1.0M sh
12BlackRock Health Sciences Te
COM SHS
$7.3M506.4K
1.6%
+231%
Added · +353K sh
13Alx Oncology Hldgs Inc
COM
$6.4M3.17M
1.4%
+25%
Added · +637K sh
14Brightspire Capital Inc
COM CL A
$5.7M1.02M
1.3%
−1.3%
Reduced · −14K sh
15Bny Mellon Strategic Mun BD
COM
$5.6M926.3K
1.3%
Held
16MFS High Yield Mun TR
SH BEN INT
$5.4M1.50M
1.2%
Held
17Pimco Calif Mun Income FD
COM
$5.3M617.0K
1.2%
−3.7%
Reduced · −24K sh
18Elme Communities
SH BEN INT
$5.2M2.61M
1.2%
+158%
Added · +1.6M sh
19Monroe Cap Corp
COM
$5.2M1.28M
1.2%
+28%
Added · +279K sh
20An2 Therapeutics Inc
COM
$5.1M1.48M
1.1%
Held
21MFS High Income Mun TR
SH BEN INT
$4.7M1.27M
1.1%
+6.1%
Added · +73K sh
22Nyli Cbre GBL Infr Megtrnds
COM
$4.6M316.1K
1.0%
+413%
Added · +254K sh
23Japan Smaller Capitalization
COM
$4.4M403.0K
1.0%
−7.6%
Reduced · −33K sh
24Crescent Cap BDC Inc
COM
$4.3M356.9K
1.0%
−20%
Reduced · −87K sh
25DTF Tax-Free Income 2028 Ter
COM
$4.1M355.1K
0.9%
+1.2%
Added · +4K sh
26Mexico FD Inc
COM
$3.8M183.5K
0.9%
−1.3%
Reduced · −2K sh
27First TR SR FLTG Rate Income
COM
$3.7M382.9K
0.8%
+335%
Added · +295K sh
28Clough Global Opportunities
SH BEN INT
$3.7M660.8K
0.8%
−16%
Reduced · −129K sh
29MFS Invt Grade Mun TR
SH BEN INT
$3.6M454.8K
0.8%
~0%
Reduced · −80 sh
30FS Specialty Lending FD
COM SH BEN INT
$3.4M268.8K
0.8%
−66%
Reduced · −533K sh
31Pimco New York Mun FD II
COM
$3.3M488.7K
0.8%
New
New position
32Cornerstone Strategic Invest
COM
$3.2M442.0K
0.7%
New
New position
33Madison Square GRDN SPRT Cor
CL A
$3.2M9.9K
0.7%
Held
34Central & Eastern Europe FD
COM
$3.2M173.3K
0.7%
Held
35Nuveen Floating Rate Income
COM
$3.1M411.6K
0.7%
+249%
Added · +294K sh
36Ennis Inc
COM
$3.0M139.0K
0.7%
Held
37Saba Capital Income & Opport
COM NEW
$2.9M347.8K
0.7%
+442%
Added · +284K sh
38Pgim Short Dur Hig Yld Opp F
COM
$2.9M178.9K
0.6%
+608%
Added · +154K sh
39Ladder Cap Corp
CL A
$2.8M290.5K
0.6%
+53%
Added · +101K sh
40TPG Re Fin TR Inc
COM
$2.6M327.8K
0.6%
New
New position
41Clough Global Equity FD
COM
$2.5M331.0K
0.6%
+2.5%
Added · +8K sh
42AllianceBernstein Natl Mun I
COM
$2.3M214.3K
0.5%
Held
43First TR High Yield Opprt 20
COM
$2.2M166.3K
0.5%
+201%
Added · +111K sh
44Playstudios Inc
CLASS A COM
$2.2M4.70M
0.5%
+16%
Added · +657K sh
45Liberty All Star Equity FD
SH BEN INT
$2.2M395.5K
0.5%
−51%
Reduced · −409K sh
46SRH Total Return Fund Inc
COM
$2.0M116.8K
0.5%
+307%
Added · +88K sh
47Bny Mellon Mun BD Infrastruc
COM SHS
$1.9M182.9K
0.4%
Held
48Tejon Ranch Co
COM
$1.8M95.0K
0.4%
+2.0%
Added · +2K sh
49Alto Neuroscience Inc
COM SHS
$1.8M78.5K
0.4%
Held
50Rallybio Corp
COM
$1.7M191.2K
0.4%
New
New position
Showing 50 of 115 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 2026115$442.5M13F-HR
Q4 2025Dec 31, 2025Feb 17, 2026107$454.2M13F-HR
Q3 2025Sep 30, 2025Nov 17, 202566$436.9M13F-HR/A
Q2 2025Jun 30, 2025Aug 14, 202582$396.4M13F-HR
Q1 2025Mar 31, 2025May 15, 202581$301.4M13F-HR
Q4 2024Dec 31, 2024Feb 14, 202592$456.3M13F-HR
Q3 2024Sep 30, 2024Nov 14, 202469$283.0M13F-HR
Q2 2024Jun 30, 2024Aug 15, 202476$240.5M13F-HR
Q1 2024Mar 31, 2024May 14, 202469$242.1M13F-HR
Q4 2023Dec 31, 2023Feb 14, 2024116$290.2M13F-HR
Q3 2023Sep 30, 2023Nov 21, 202388$208.8M13F-HR/A
Q2 2023Jun 30, 2023Aug 11, 202392$233.9M13F-HR
Q1 2023Mar 31, 2023May 15, 202397$209.3M13F-HR
Q4 2022Dec 31, 2022Feb 14, 2023128$217.0M13F-HR
Q3 2022Sep 30, 2022Nov 14, 202287$133.9M13F-HR
Q2 2022Jun 30, 2022Aug 15, 2022119$193.4M13F-HR
Q1 2022Mar 31, 2022May 16, 202285$167.6M13F-HR
Q4 2020Dec 31, 2020Feb 16, 202154$98.5M13F-HR
Q3 2020Sep 30, 2020Nov 13, 202046$73.7M13F-HR
Q2 2020Jun 30, 2020Aug 14, 202046$80.2M13F-HR
Q1 2020Mar 31, 2020May 14, 202046$45.2M13F-HR
Q4 2019Dec 31, 2019Feb 14, 202065$114.8M13F-HR
Amended / restated
  • Q3 2025 · filed Nov 14, 202513F-HR · superseded
  • Q3 2023 · filed Nov 14, 202313F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.