Almitas Capital 13F annual report

Almitas Capital is an investment fund managing more than $239 billion ran by Mike Gomez. There are currently 67 companies in Mr. Gomez’s portfolio. The largest investments include Great Ajax Corp and Nuveen Core Plus Impact Fund, together worth $43.6 billion.

$239 billion Assets Under Management (AUM)

As of 7th May 2024, Almitas Capital’s top holding is 2,129,481 shares of Great Ajax Corp currently worth over $27 billion and making up 11.3% of the portfolio value. Relative to the number of outstanding shares of Great Ajax Corp, Almitas Capital owns less than approximately 0.1% of the company. In addition, the fund holds 1,606,702 shares of Nuveen Core Plus Impact Fund worth $16.6 billion. The third-largest holding is BlackRock Health Sciences Term Trust worth $15.3 billion and the next is Nuveen Pennsylvania Quality Municipal Income Fund worth $11.4 billion, with 965,867 shares owned.

Currently, Almitas Capital's portfolio is worth at least $239 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Almitas Capital

The Almitas Capital office and employees reside in Santa Monica, California. According to the last 13-F report filed with the SEC, Mike Gomez serves as the CFO at Almitas Capital.

Recent trades

In the most recent 13F filing, Almitas Capital revealed that it had opened a new position in First Trust Infrastructure Fund and bought 417,641 shares worth $7.58 billion. This means they effectively own approximately 0.1% of the company. First Trust Infrastructure Fund makes up 6.1% of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Great Ajax Corp by buying 428,213 additional shares. This makes their stake in Great Ajax Corp total 2,129,481 shares worth $27 billion. Great Ajax Corp dropped approximately 0.1% in the past year.

On the other hand, there are companies that Almitas Capital is getting rid of from its portfolio. Almitas Capital closed its position in Templeton Global Income Fund Inc on 14th May 2024. It sold the previously owned 3,097,815 shares for $12 billion. Mike Gomez also disclosed a decreased stake in Miller/howard High Dividend Fund by 0.1%. This leaves the value of the investment at $10.5 billion and 950,061 shares.

One of the smaller hedge funds

The two most similar investment funds to Almitas Capital are Cabot-wellington and Thomist Capital Management, L.P.. They manage $239 billion and $239 billion respectively.


Mike Gomez investment strategy

Almitas Capital’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Finance — making up 51.9% of the total portfolio value. The fund focuses on investments in the United States as 67.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 19% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $359 million.

The complete list of Almitas Capital trades based on 13F SEC filings

These positions were updated on May 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Great Ajax Corp
25.17%
2,129,481
$26,956,895,000 11.27%
Nuveen Core Plus Impact Fund
5.36%
1,606,702
$16,629,366,000 6.95%
BlackRock Health Sciences Term Trust
793.45%
930,918
$15,257,746,000 6.38%
Templeton Global Income Fund Inc
Closed
3,097,815
$11,957,566,000
Nuveen Pennsylvania Quality Municipal Income Fund
180.58%
965,867
$11,416,548,000 4.77%
Miller/howard High Dividend Fund
10.48%
950,061
$10,536,176,000 4.41%
Blackrock Esg Capital Allocation Term Trust
54.42%
454,826
$7,895,779,000 3.30%
Eaton Vance New York Municipal Bond Fund
40.43%
806,643
$7,832,504,000 3.28%
First Trust Energy Infrastructure Fund
Opened
417,641
$7,584,361,000 3.17%
Pgim Short Duration High Yield Opportunities Fund
133.59%
448,869
$6,903,605,000 2.89%
Pimco Energy Tactical Credit Opportunities Fund
6.30%
324,019
$6,872,443,000 2.87%
First Trust Energy Income and Growth Fund
Opened
387,572
$6,332,926,000 2.65%
Center Coast Brookfield Mlp Energy Infrastructure Fund
Closed
295,700
$6,268,840,000
BlackRock California Municipal Income Trust
12.24%
463,705
$5,480,993,000 2.29%
Nuveen Preferred Income Term Fund
145.72%
272,937
$5,251,308,000 2.20%
Tortoise Midstream Energy Fund Inc
17.26%
134,139
$5,141,548,000 2.15%
Brightspire Capital Inc
Closed
755,710
$4,730,745,000
New America High Income Fund Inc/the
130.49%
613,549
$4,466,637,000 1.87%
BNY Mellon Municipal Income Inc
83.65%
629,435
$4,299,041,000 1.80%
DWS Municipal Income Trust
399.91%
467,648
$4,222,861,000 1.77%
Design Therapeutics Inc
Opened
1,026,068
$4,135,054,000 1.73%
Nuveen Corporate Income 2023 Target Term Fund
Closed
413,984
$3,949,407,000
First Trust Dynamic Europe Equity Income Fund
Closed
317,469
$3,936,616,000
DTF Tax-Free Income 2028 Term Fund Inc
1,331.86%
348,973
$3,751,460,000 1.57%
MFS Investment Grade Municipal Trust
9.34%
491,954
$3,748,689,000 1.57%
MainStay MacKay DefinedTerm Municipal Opportunities Fund
Opened
224,621
$3,672,553,000 1.54%
Tortoise Pipeline Energy Fund Inc
Opened
115,755
$3,660,185,000 1.53%
General American Investors Co., Inc.
35.45%
77,073
$3,584,665,000 1.50%
Nxg Nextgen Infrastructure Income Fund
Closed
92,355
$3,463,313,000
Srh Total Return Fund Inc
71.12%
227,390
$3,424,493,000 1.43%
Nuveen New Jersey Quality Municipal Income Fund
1,573.71%
265,919
$3,212,302,000 1.34%
BlackRock Capital Investment Corp
Closed
853,697
$3,167,216,000
Eaton Vance California Municipal Bond Fund
19.92%
326,340
$3,083,913,000 1.29%
Clearbridge Mlp Midstream Fund
Opened
62,472
$2,859,968,000 1.20%
John Hancock Tax-Advantaged Global Shareholder Yield Fund
Opened
538,822
$2,820,733,000 1.18%
MFS High Income Municipal Trust
121.27%
766,961
$2,784,068,000 1.16%
Clearbridge Mlp Midstream Total Return Fund Inc
48.10%
65,535
$2,718,392,000 1.14%
Destra Multi-Alternative Fund
3.00%
345,331
$2,700,488,000 1.13%
Morgan Stanley India Investment Fund Inc
1.29%
112,191
$2,573,662,000 1.08%
Vmware Inc.
Closed
15,408
$2,565,124,000
Mexico Fund Inc/the
21.76%
121,781
$2,340,631,000 0.98%
Japan Smaller Capitalization Fund Inc.
210.51%
285,943
$2,281,825,000 0.95%
MFA Financial Inc
Closed
220,471
$2,118,726,000
Central Securities Corp
35.97%
49,605
$2,072,001,000 0.87%
First Trust MLP and Energy Income Fund
Opened
211,517
$2,045,369,000 0.86%
Voya Infrastructure, Industrials and Materials Fund
188.88%
185,341
$1,949,787,000 0.82%
Eaton Vance California Municipal Income Trust
37.26%
179,967
$1,909,450,000 0.80%
Calamos Long/short Equity Dynamic Income Trust
34.54%
117,221
$1,808,720,000 0.76%
Invesco Trust For Investment Grade New York Municipals
Opened
154,579
$1,661,724,000 0.69%
Pioneer Municipal High Income Fund Trust
Opened
184,859
$1,634,154,000 0.68%
Pioneer Municipal High Income Opportunities Fund Inc
Opened
138,868
$1,570,597,000 0.66%
Taiwan Fund Inc/the/md
50.21%
39,295
$1,556,868,000 0.65%
Invesco Pennsylvania Value Municipal Income Trust
167.04%
149,619
$1,533,595,000 0.64%
BNY Mellon Strategic Municipal Bond Fund Inc
1,330.41%
229,209
$1,343,165,000 0.56%
New York Mortgage Trust Inc
52.87%
185,139
$1,333,001,000 0.56%
Morgan Stanley Emerging Markets Domestic Debt Fund Inc
52.16%
262,519
$1,246,965,000 0.52%
Arlington Asset Investment Corp
Closed
285,885
$1,223,588,000
DWS Strategic Municipal Income Trust
11.82%
130,986
$1,171,015,000 0.49%
ASA Gold and Precious Metals Ltd
Opened
67,273
$1,033,313,000 0.43%
Carlyle Credit Income Fund
Closed
106,297
$869,509,000
Nektar Therapeutics
Opened
920,225
$859,674,000 0.36%
abrdn National Municipal Income Fund
28.05%
77,710
$805,076,000 0.34%
Clough Global Dividend and Income Fund
2.48%
141,649
$791,818,000 0.33%
Western Asset Inflation-linked Opportunities Income Fund
48.62%
84,641
$730,452,000 0.31%
First Trust New Opportunities Mlp Energy Fund
Opened
92,346
$707,370,000 0.30%
ClearBridge Energy Midstream Opportunity Fund Inc
Closed
21,953
$695,910,000
Reading International, Inc.
Closed
320,584
$679,638,000
Pioneer Municipal High Income Advantage Fund Inc
Opened
81,492
$664,160,000 0.28%
Nicholas Financial, Inc.
Opened
96,324
$651,150,000 0.27%
BlackRock Municipal 2030 Target Term Trust
Closed
33,400
$648,294,000
Radian Group, Inc.
Closed
25,359
$636,764,000
MGIC Investment Corp
Closed
37,926
$632,985,000
Morgan Stanley China A Share Fund Inc
Closed
48,425
$603,376,000
Phenixfin Corp
Closed
15,337
$581,289,000
Central and Eastern Europe Fund Inc (The)
Opened
60,250
$573,580,000 0.24%
BlackRock MuniHoldings California Quality Fund Inc
Closed
59,661
$570,359,000
Nuveen AMT-Free Quality Municipal Income Fund
Opened
50,885
$563,297,000 0.24%
Blackstone Strategic Credit 2027 Term Fund
Closed
48,111
$528,740,000
Nicholas Financial, Inc.
Closed
103,024
$492,465,000
Barings Participation Investors
Closed
35,183
$472,508,000
AllianceBernstein National Municipal Income Fund Inc
Opened
41,054
$451,183,000 0.19%
Kayne Anderson Nextgen Energy Infrastructure Inc
Closed
62,228
$443,063,000
Neuberger Berman California Municipal Fund Inc
Closed
43,410
$424,984,000
Ladder Capital Corp
Closed
40,431
$414,822,000
Western Asset Intermediate Muni Fund Inc
Closed
56,603
$405,277,000
Ecofin Sustainable And Social
Closed
32,613
$390,704,000
Neuberger Berman Municipal Fund Inc
Opened
36,402
$381,129,000 0.16%
Clough Global Opportunities Fund.
Opened
74,688
$379,415,000 0.16%
Blackstone Senior Floating Rate 2027 Term Fund
Closed
26,436
$350,277,000
Tortoise Energy Infrastructure Corp
88.41%
9,881
$305,422,000 0.13%
Wheeler Reit Inc
Closed
5,272
$289,960,000
MFS High Yield Municipal Trust
Opened
86,729
$288,808,000 0.12%
Gabelli Healthcare Wellnessrx Trust/the
Closed
31,790
$272,758,000
Safeguard Scientifics, Inc.
Closed
257,491
$257,491,000
MFS Municipal Income Trust
Closed
56,434
$256,775,000
Special Opportunities Fund Inc
Closed
23,058
$252,024,000
Western Asset Investment Grade Defined Opportunity Trust Inc
Closed
14,018
$221,905,000
BlackRock New York Municipal Income Trust
Opened
19,915
$211,099,000 0.09%
Federated Hermes Premier Municipal Income Fund
Opened
17,873
$197,854,000 0.08%
Ellington Credit Co.
Closed
31,192
$193,702,000
Clough Global Equity Fund
Closed
31,323
$171,650,000
Mexico Equity And Income Fund Inc/the
47.27%
13,526
$156,361,000 0.07%
Velocity Financial, Llc
Closed
12,120
$136,956,000
BNY Mellon Strategic Municipals Inc
Closed
23,538
$125,458,000
BlackRock MuniYield Pennsylvania Quality Fund
Closed
11,469
$118,934,000
Barings BDC Inc
Closed
11,747
$104,666,000
Western Asset Mortgage Capital Corp
Closed
10,608
$99,715,000
MFS Special Value Trust
Opened
18,154
$80,785,000 0.03%
Templeton Emerging Markets Income Fund Inc
Closed
17,088
$78,776,000
First Trust Specialty Finance And Financial Opportunities Fund
Closed
12,134
$40,892,000
No transactions found
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