Almitas Capital LLC
Net seller this quarter
$417M
126
-$15.8M
52.4%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 FBTC | $69.7M | 16.69% | 0.68% | -11.2% | Q3 2024 |
 BTT | $33.8M | 8.10% | Not reported | -0.1% | Q3 2023 |
| ASA | $32.7M | 7.84% | Not reported | +19.7% | Q4 2019 |
 AMLX | $17.5M | 4.20% | 0.88% | -54.1% | Q2 2024 |
 DSGN | $14.9M | 3.56% | 1.64% | -32.9% | Q4 2023 |
 PDX | $11.4M | 2.74% | Not reported | +1.5% | Q4 2019 |
 CRF | $11.3M | 2.70% | Not reported | +41.0% | Q1 2022 |
 CNNE | $10.7M | 2.56% | 1.71% | Not reported | Q1 2025 |
 MEGI | $8.47M | 2.03% | Not reported | +76.3% | Q4 2022 |
 LYEL | $8.17M | 1.96% | 2.49% | +0.6% | Q4 2024 |
| BMEZ | $7.78M | 1.87% | Not reported | +0.1% | Q3 2023 |
 ANTX | $7.11M | 1.70% | 4.05% | -0.7% | Q4 2024 |
 TYG | $6.94M | 1.66% | Not reported | Not reported | Q3 2020 |
 PCQ | $6.37M | 1.53% | Not reported | +15.2% | Q1 2025 |
 SPXX | $6.09M | 1.46% | Not reported | +269.2% | Q1 2026 |
 ALXO | $6.08M | 1.46% | 2.13% | -7.4% | Q4 2024 |
 FSSL | $5.99M | 1.44% | Not reported | +99.9% | Q4 2025 |
 SDHY | $5.98M | 1.43% | Not reported | +103.8% | Q4 2022 |
 CLM | $5M | 1.20% | Not reported | +49.7% | Q1 2022 |
 MFM | $4.94M | 1.18% | Not reported | Not reported | Q2 2022 |
 DSM | $4.66M | 1.12% | Not reported | -18.2% | Q3 2023 |
 USA | $4.64M | 1.11% | Not reported | +101.9% | Q4 2025 |
 JOF | $4.55M | 1.09% | Not reported | -4.1% | Q1 2022 |
| FCT | $4.5M | 1.08% | Not reported | +21.7% | Q4 2018 |
 GLO | $4.34M | 1.04% | Not reported | +7.4% | Q2 2023 |
 BRSP | $4.19M | 1.00% | 0.59% | -24.3% | Q1 2022 |
 DTF | $4.1M | 0.98% | Not reported | Not reported | Q4 2022 |
 CCAP | $3.9M | 0.93% | 0.97% | Not reported | Q4 2022 |
 ELME | $3.88M | 0.93% | 2.95% | +0.5% | Q4 2025 |
 MXF | $3.74M | 0.90% | Not reported | -6.9% | Q4 2018 |
 CEE | $3.56M | 0.85% | Not reported | Not reported | Q4 2023 |
 LADR | $3.39M | 0.81% | Not reported | +17.2% | Q1 2022 |
| JFR | $3.34M | 0.80% | Not reported | +5.7% | Q4 2022 |
| PNI | $3.31M | 0.79% | Not reported | -4.4% | Q1 2025 |
 TRTX | $3.04M | 0.73% | 0.47% | +10.6% | Q1 2026 |
 EBF | $2.95M | 0.71% | 0.55% | Not reported | Q4 2025 |
 SABA | $2.9M | 0.70% | Not reported | Not reported | Q4 2019 |
| GLQ | $2.85M | 0.68% | Not reported | +0.1% | Q1 2023 |
 FTHY | $2.72M | 0.65% | Not reported | +19.6% | Q2 2022 |
| ASG | $2.55M | 0.61% | Not reported | +238.1% | Q4 2025 |
 FBRT | $2.43M | 0.58% | 0.40% | +201.0% | Q1 2022 |
 STEW | $2.39M | 0.57% | Not reported | +14.6% | Q3 2022 |
 FLGT | $2.15M | 0.52% | 0.38% | Not reported | Q4 2024 |
 RLYB | $1.93M | 0.46% | 2.27% | -36.9% | Q2 2024 |
 TRC | $1.69M | 0.40% | 0.33% | -5.0% | Q4 2025 |
 BGB | $1.64M | 0.39% | Not reported | Not reported | Q4 2022 |
 MFIC | $1.42M | 0.34% | 0.17% | Not reported | Q3 2024 |
 LUNG | $1.38M | 0.33% | 2.48% | New | Q2 2026 |
 AFB | $1.38M | 0.33% | Not reported | -43.5% | Q1 2024 |
 DMB | $1.34M | 0.32% | Not reported | -33.7% | Q2 2024 |
| Q1 2026 | |||||
| FBTC | $90.7M | 20.50% | 0.71% | Not reported | Q3 2024 |
| BTT | $33.7M | 7.62% | Not reported | Not reported | Q3 2023 |
| ASA | $32.6M | 7.37% | Not reported | +37.6% | Q4 2019 |
| AMLX | $29.5M | 6.67% | 1.91% | Not reported | Q2 2024 |
| DSGN | $16.3M | 3.68% | 2.45% | 0.0% | Q4 2023 |
| PDX | $11.9M | 2.70% | Not reported | +258.0% | Q4 2019 |
| LYEL | $11.6M | 2.62% | 2.48% | Not reported | Q4 2024 |
 BIO | $8.43M | 1.91% | 0.11% | New | Q1 2026 |
| CNNE | $8.43M | 1.90% | 1.63% | +80.0% | Q1 2025 |
| CRF | $7.75M | 1.75% | Not reported | +1190.7% | Q1 2022 |
| BMEZ | $7.27M | 1.64% | Not reported | +231.2% | Q3 2023 |
| ALXO | $6.36M | 1.44% | 2.30% | +25.1% | Q4 2024 |
| BRSP | $5.69M | 1.29% | 0.79% | -1.3% | Q1 2022 |
| DSM | $5.57M | 1.26% | Not reported | Not reported | Q3 2023 |
| PCQ | $5.29M | 1.20% | Not reported | -3.7% | Q1 2025 |
| ELME | $5.24M | 1.18% | 2.93% | +157.6% | Q4 2025 |
| MRCC | $5.18M | 1.17% | 5.90% | +27.9% | Q4 2020 |
| ANTX | $5.06M | 1.14% | 4.11% | Not reported | Q4 2024 |
| MEGI | $4.64M | 1.05% | Not reported | +412.8% | Q4 2022 |
| JOF | $4.39M | 0.99% | Not reported | -7.6% | Q1 2022 |
| CCAP | $4.34M | 0.98% | 0.97% | -19.7% | Q4 2022 |
| DTF | $4.07M | 0.92% | Not reported | +1.2% | Q4 2022 |
| MXF | $3.84M | 0.87% | Not reported | -1.3% | Q4 2018 |
| FCT | $3.69M | 0.83% | Not reported | +334.9% | Q4 2018 |
| GLO | $3.68M | 0.83% | Not reported | -16.4% | Q2 2023 |
| FSSL | $3.36M | 0.76% | Not reported | -66.5% | Q4 2025 |
| PNI | $3.35M | 0.76% | Not reported | Not reported | Q1 2025 |
| CLM | $3.22M | 0.73% | Not reported | Not reported | Q1 2022 |
 MSGS | $3.19M | 0.72% | 0.04% | Not reported | Q1 2025 |
| CEE | $3.17M | 0.72% | Not reported | Not reported | Q4 2023 |
| JFR | $3.1M | 0.70% | Not reported | +249.0% | Q4 2022 |
| EBF | $2.98M | 0.67% | 0.55% | Not reported | Q4 2025 |
| SABA | $2.89M | 0.65% | Not reported | +442.4% | Q4 2019 |
| SDHY | $2.87M | 0.65% | Not reported | +607.8% | Q4 2022 |
| LADR | $2.84M | 0.64% | Not reported | +53.4% | Q1 2022 |
| TRTX | $2.56M | 0.58% | 0.42% | New | Q1 2026 |
| GLQ | $2.49M | 0.56% | Not reported | +2.5% | Q1 2023 |
| AFB | $2.29M | 0.52% | Not reported | Not reported | Q1 2024 |
| FTHY | $2.25M | 0.51% | Not reported | +200.5% | Q2 2022 |
 MYPS | $2.21M | 0.50% | 3.74% | +16.2% | Q3 2025 |
| USA | $2.19M | 0.50% | Not reported | -50.9% | Q4 2025 |
| STEW | $2M | 0.45% | Not reported | +306.5% | Q3 2022 |
| DMB | $1.93M | 0.44% | Not reported | Not reported | Q2 2024 |
| TRC | $1.79M | 0.40% | 0.35% | +2.0% | Q4 2025 |
 ANRO | $1.77M | 0.40% | 0.22% | Not reported | Q4 2024 |
| RLYB | $1.72M | 0.39% | 3.61% | 0.0% | Q2 2024 |
| FLGT | $1.67M | 0.38% | 0.36% | +467.1% | Q4 2024 |
| BGB | $1.61M | 0.36% | Not reported | Not reported | Q4 2022 |
| MFIC | $1.58M | 0.36% | 0.17% | +3.7% | Q3 2024 |
 ZNTL | $1.43M | 0.32% | 0.86% | Not reported | Q3 2024 |
| Q4 2025 | |||||
| FBTC | $117M | 25.79% | 0.66% | -52.3% | Q3 2024 |
| BTT | $33.9M | 7.47% | Not reported | -51.7% | Q3 2023 |
| AMLX | $25.6M | 5.65% | 1.93% | -50.0% | Q2 2024 |
| ASA | $22.8M | 5.02% | Not reported | -43.0% | Q4 2019 |
| FETH | $19.2M | 4.24% | 0.87% | -50.0% | Q4 2024 |
| LYEL | $17.8M | 3.92% | 2.72% | -50.0% | Q4 2024 |
| ELME | $17.6M | 3.88% | 1.15% | New | Q4 2025 |
| DSGN | $14.4M | 3.16% | 2.53% | -50.0% | Q4 2023 |
| FSSL | $11.3M | 2.50% | Not reported | New | Q4 2025 |
| CNNE | $6.48M | 1.43% | 0.88% | -63.0% | Q1 2025 |
| MRCC | $6.36M | 1.40% | 4.61% | +358.7% | Q4 2020 |
| CCAP | $6.24M | 1.37% | 1.20% | -41.0% | Q4 2022 |
| BRSP | $5.76M | 1.27% | 0.79% | -50.0% | Q1 2022 |
| DSM | $5.72M | 1.26% | Not reported | -45.6% | Q3 2023 |
| PCQ | $5.59M | 1.23% | Not reported | +109.4% | Q1 2025 |
| USA | $5.05M | 1.11% | Not reported | New | Q4 2025 |
 ETHA | $4.92M | 1.08% | 0.04% | -50.0% | Q2 2025 |
| JOF | $4.83M | 1.06% | Not reported | -54.7% | Q1 2022 |
| GLO | $4.47M | 0.98% | Not reported | -19.7% | Q2 2023 |
| DTF | $4.01M | 0.88% | Not reported | -50.0% | Q4 2022 |
 ARR | $3.84M | 0.85% | 0.19% | -50.0% | Q3 2019 |
| MXF | $3.74M | 0.82% | Not reported | -54.2% | Q4 2018 |
 BPRE | $3.18M | 0.70% | Not reported | New | Q4 2025 |
 QNCX | $3.12M | 0.69% | 333.83% | -6.0% | Q3 2024 |
| CEE | $3.07M | 0.68% | Not reported | -50.0% | Q4 2023 |
| ALXO | $2.87M | 0.63% | 4.66% | -50.0% | Q4 2024 |
| PDX | $2.84M | 0.63% | Not reported | Not reported | Q4 2019 |
| MYPS | $2.64M | 0.58% | 3.22% | +117.2% | Q3 2025 |
 NLY | $2.59M | 0.57% | 0.02% | -50.0% | Q4 2019 |
| MSGS | $2.57M | 0.57% | 0.04% | -50.0% | Q1 2025 |
 ETH | $2.51M | 0.55% | 0.11% | -50.0% | Q4 2024 |
| EBF | $2.5M | 0.55% | 0.55% | New | Q4 2025 |
| GLQ | $2.47M | 0.54% | Not reported | +41.7% | Q1 2023 |
| AFB | $2.32M | 0.51% | Not reported | -50.0% | Q1 2024 |
| BMEZ | $2.3M | 0.51% | Not reported | Not reported | Q3 2023 |
| LADR | $2.08M | 0.46% | Not reported | -47.6% | Q1 2022 |
| NPCT | $2.08M | 0.46% | Not reported | Not reported | Q1 2022 |
| DMB | $2.01M | 0.44% | Not reported | -23.4% | Q2 2024 |
| DIAX | $1.74M | 0.38% | Not reported | New | Q4 2025 |
| ANTX | $1.69M | 0.37% | 5.40% | -48.2% | Q4 2024 |
 FSK | $1.58M | 0.35% | 0.04% | Not reported | Q3 2020 |
| MFIC | $1.55M | 0.34% | 0.15% | -26.9% | Q3 2024 |
| TRC | $1.47M | 0.32% | 0.35% | New | Q4 2025 |
| ANRO | $1.4M | 0.31% | 0.25% | -79.9% | Q4 2024 |
 STWD | $1.28M | 0.28% | 0.02% | New | Q4 2025 |
| LEO | $1.25M | 0.28% | Not reported | -50.0% | Q3 2023 |
 MFA | $1.19M | 0.26% | 0.13% | -17.3% | Q4 2018 |
 GERN | $1.18M | 0.26% | 0.14% | -52.6% | Q3 2025 |
 SBET | $1.11M | 0.24% | 0.06% | New | Q4 2025 |
 HPP | $1.06M | 0.23% | 0.18% | Not reported | Q4 2024 |
| Q3 2025 | |||||
| FBTC | $322M | 37.12% | 1.38% | +100.0% | Q3 2024 |
| BTT | $69.1M | 7.98% | Not reported | +97.6% | Q3 2023 |
| AMLX | $57.7M | 6.66% | 3.87% | +100.0% | Q2 2024 |
| FETH | $54M | 6.23% | 1.70% | +100.0% | Q4 2024 |
| ASA | $30.7M | 3.54% | Not reported | Not reported | Q4 2019 |
| DSGN | $23M | 2.66% | 5.37% | +100.0% | Q4 2023 |
| CNNE | $20.4M | 2.35% | 2.16% | +246.9% | Q1 2025 |
| LYEL | $18.8M | 2.17% | 5.99% | +99.2% | Q4 2024 |
| ETHA | $13.8M | 1.60% | 0.11% | +100.0% | Q2 2025 |
| BRSP | $11.2M | 1.29% | 1.58% | +100.0% | Q1 2022 |
| CCAP | $10.7M | 1.24% | 2.03% | +116.4% | Q4 2022 |
| JOF | $10.2M | 1.17% | Not reported | +88.2% | Q1 2022 |
| DSM | $10.1M | 1.16% | Not reported | +100.0% | Q3 2023 |
| ALXO | $9.29M | 1.07% | 9.47% | +99.9% | Q4 2024 |
| FGNX | $8.64M | 1.00% | 3.95% | New | Q3 2025 |
| DTF | $8.02M | 0.93% | Not reported | +100.5% | Q4 2022 |
| MXF | $8M | 0.92% | Not reported | +23.1% | Q4 2018 |
| BIT | $7.66M | 0.88% | Not reported | New | Q3 2025 |
| ETH | $7.02M | 0.81% | 0.25% | +100.0% | Q4 2024 |
| ARR | $6.49M | 0.75% | 0.39% | Not reported | Q3 2019 |
| GLO | $5.61M | 0.65% | Not reported | +130.0% | Q2 2023 |
| CEE | $5.32M | 0.61% | Not reported | +99.9% | Q4 2023 |
| NLY | $4.68M | 0.54% | 0.03% | Not reported | Q4 2019 |
| AFB | $4.65M | 0.54% | Not reported | +99.8% | Q1 2024 |
| MSGS | $4.51M | 0.52% | 0.08% | +100.0% | Q1 2025 |
 OXLC | $4.06M | 0.47% | Not reported | New | Q3 2025 |
| LADR | $3.94M | 0.45% | Not reported | +100.0% | Q1 2022 |
| ANTX | $3.63M | 0.42% | 10.44% | +100.0% | Q4 2024 |
| PCQ | $2.67M | 0.31% | Not reported | +42.1% | Q1 2025 |
| GERN | $2.59M | 0.30% | 0.30% | New | Q3 2025 |
| DMB | $2.56M | 0.29% | Not reported | +139.0% | Q2 2024 |
| LEO | $2.46M | 0.28% | Not reported | +101.3% | Q3 2023 |
| MFIC | $2.22M | 0.26% | 0.20% | +100.0% | Q3 2024 |
 VTGN | $1.86M | 0.21% | 1.70% | +100.0% | Q4 2024 |
 CABA | $1.81M | 0.21% | 0.81% | +110.9% | Q1 2025 |
| MYPS | $1.79M | 0.21% | 1.48% | New | Q3 2025 |
| GLQ | $1.74M | 0.20% | Not reported | +195.0% | Q1 2023 |
| QNCX | $1.61M | 0.19% | 1.82% | Not reported | Q3 2024 |
 WIA | $1.61M | 0.19% | Not reported | +26.3% | Q4 2022 |
| ANRO | $1.57M | 0.18% | 1.44% | +100.0% | Q4 2024 |
| RLYB | $1.54M | 0.18% | 7.34% | +69.3% | Q2 2024 |
| MRCC | $1.53M | 0.18% | 1.01% | Not reported | Q4 2020 |
| MFA | $1.42M | 0.16% | 0.15% | +100.0% | Q4 2018 |
| ZNTL | $1.38M | 0.16% | 1.27% | -42.8% | Q3 2024 |
| SDHY | $1.31M | 0.15% | Not reported | -56.1% | Q4 2022 |
 WHLRL | $1.21M | 0.14% | Not reported | +100.0% | Q2 2023 |
| FLGT | $971K | 0.11% | 0.14% | +38.3% | Q4 2024 |
 MSIF | $792K | 0.09% | 0.13% | New | Q3 2025 |
 UTF | $632K | 0.07% | Not reported | New | Q3 2025 |
 CEV | $366K | 0.04% | Not reported | -37.8% | Q4 2018 |