Almitas Capital LLC

CIK 0001596468 · Q2 2026

13F Equity AUM

$417.4M

-5.7% QoQ

Positions

130

+15 QoQ

AUM Rank

#5,498

Top 44%

Skill Alpha (FF)

-5.1%/yr^ns

No Clear Edge

Rank #7,641 · Top 92%

vs S&P -7.7%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 40.4%Top 10: 52.4%Top 20: 67.3%

FBTC16.7%

BTT8.1%

ASA7.8%

AMLX4.2%

DSGN3.6%

PDX2.7%

CRF2.7%

CNNE2.6%

MEGI2.0%

LYEL2.0%

Others (120)47.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services74.3%

Healthcare14.4%

Real Estate4.9%

Consumer Cyclical2.8%

Other3.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 130Median: 0.17%Avg: 0.77%

0–0.5%

85(11.2%)

0.5–1%

17(12.8%)

1–3%

23(35.6%)

3–5%

2(7.8%)

5%+

3(32.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 130vs 20 funds

0%Low

130

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Loading overlap analysis...

Position Changes This Quarter

New35Increased34Decreased22Exited20

New Positions

TYG1.7%

+162K

MFM1.2%

+879K

AOR1.2%

+70K

SCHH1.1%

+199K

LUNG0.3%

+1.1M

AEM0.3%

+8K

GAB0.2%

+170K

BSTZ0.2%

+27K

IHD0.1%

+78K

NEM0.1%

+7K

Increased

CRF2.7%

+457K(+41%)

USA1.1%

+403K(+102%)

ASG0.6%

+329K(+238%)

FSSL1.4%

+268K(+100%)

MEGI2.0%

+241K(+76%)

XSSPX1.5%

+238K(+269%)

CLM1.2%

+220K(+50%)

FBRT0.6%

+199K(+201%)

SDHY1.4%

+186K(+104%)

PCF0.3%

+132K(+169%)

Decreased

MYPS0.1%

-4,125,067(-88%)

AMLX4.2%

-1,147,716(-54%)

DSGN3.6%

-503,442(-33%)

BRSP1.0%

-246,870(-24%)

ALXO1.5%

-235,403(-7%)

CABA0.1%

-211,491(-63%)

FBTC16.7%

-172,115(-11%)

DSM1.1%

-168,302(-18%)

LEO0.1%

-115,030(-58%)

AFB0.3%

-93,289(-44%)

Exited

-1,057,494

-30,254

-1,497,718

-1,277,717

-1,266,853

-454,829

-9,925

-78,520

-610,073

-110,414

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...