Investments: Almitas Capital LLC

Aktie	Ticker	2025/Q4		2025/Q3		2025/Q2		2025/Q1
		Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)
		451.560.768 $	+20.369.993 $	425.674.282 $	+59.181.331 $	376.851.184 $	+87.078.256 $	292.908.321 $	+292.908.321 $
BANK OF AMERICA CORP /DE/	BAC	392.364.883 $	+19.197.543 $	373.167.340 $	+35.461.412 $	337.705.928 $	+61.533.288 $	276.172.640 $	+276.172.640 $
Fidelity Ethereum Fund	FETH	19.246.500 $	-7.761.000 $	27.007.500 $	+10.647.000 $	16.360.500 $	+16.360.500 $
Elme Communities	ELME	17.612.454 $	+17.612.454 $
CITIGROUP INC	C	7.752.244 $	-257.332 $	8.009.576 $	-2.016.382 $	10.025.958 $	+1.585.261 $	8.440.697 $	+8.440.697 $
MORGAN STANLEY	MS	1.248.641 $	-8.659.852 $			9.908.493 $	+7.237.673 $	2.670.820 $	+2.670.820 $
BlackRock, Inc.	BLK	4.837.800 $	-841.593 $	5.679.393 $	+5.679.393 $
ALX ONCOLOGY HOLDINGS INC	ALXO	2.866.687 $	-1.775.824 $	4.642.511 $	+3.588.840 $	1.053.671 $	+210.664 $	843.007 $	+843.007 $
FG Nexus Inc.	FGNX			4.392.000 $	+4.392.000 $
NEKTAR THERAPEUTICS	NKTR							3.135.393 $	+3.135.393 $
TEJON RANCH CO	TRC	1.468.770 $	+1.468.770 $
GERON CORP	GERN	1.183.146 $	-113.317 $	1.296.463 $	+1.296.463 $
MFA FINANCIAL, INC.	MFA	1.192.481 $	+480.807 $	711.674 $	-20.908 $	732.582 $	-61.952 $	794.534 $	+794.534 $
Rallybio Corp	RLYB	1.049.495 $	+281.670 $	767.825 $	+153.513 $	614.312 $	-236.918 $	851.230 $	+851.230 $
Carlyle Credit Income Fund	CCIF	737.667 $	+737.667 $
Saba Capital Income & Opportunities Fund	BRW					449.740 $	+449.740 $
		451.560.768 $	+20.369.993 $	425.674.282 $	+59.181.331 $	376.851.184 $	+87.078.256 $	292.908.321 $	+292.908.321 $