Melia Wealth LLC
Long book
$206.6M
Q1 2026
Positions
22
Top-10 weight
75%
concentration
Last quarter
+5.3%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsMelia Wealth LLC is an institutional manager, specialised in real_estate (95% of the long book), running a $206.6M US long book across 22 positions.
The portfolio is concentrated: the top 10 names carry 75% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: JPMORGAN EQUITY PREMIUM INCO, TRINITY CAPITAL INC, VIRTUS INFRACAP US PREF STCK, GLADSTONE INVESTMENT CORP, ARES CAPITAL CORP.
Over the last 9 quarters its long book ran on average 4pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+2.8%
Q3 2024
-0.4%
Q4 2024
+1.2%
Q1 2025
+0.1%
Q2 2025
+2.2%
Q3 2025
-2.8%
Q4 2025
-5.0%
Q1 2026
+5.3%
Sector allocation
Other 99%
Energy 1%
Utilities 0%
Long book by quarter
What does Melia Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TRIN TRINITY CAPITAL INC | — | 1.3M | $19.1M | 9.2% | +8.7% |
| GAIN GLADSTONE INVESTMENT CORP | — | 1.1M | $15.2M | 7.4% | -5.1% |
| ARCC ARES CAPITAL CORP | — | 815.9K | $14.7M | 7.1% | +0.7% |
| BCSF BAIN CAPITAL SPECIALTY FINAN | — | 1.2M | $14.4M | 7.0% | +2.5% |
| OCSL OAKTREE SPECIALTY LENDING CO | — | 1.2M | $14.0M | 6.8% | +1.8% |
| OBDC BLUE OWL CAPITAL CORP | — | 1.2M | $13.4M | 6.5% | +2.2% |
| HTGC HERCULES CAPITAL INC | — | 799.7K | $11.8M | 5.7% | -0.3% |
| CSWC CAPITAL SOUTHWEST CORP | — | 515.5K | $11.4M | 5.5% | +2.5% |
| TSLX SIXTH STREET SPECIALTY LENDI | — | 611.0K | $11.2M | 5.4% | -1.0% |
| XOM EXXON MOBIL CORP | Energy | 4.1K | $688K | 0.3% | +0.5% |
| OKE ONEOK INC | Utilities | 4.2K | $379K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 22 | $206.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 23 | $216.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 23 | $228.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 21 | $208.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 19 | $193.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 19 | $191.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 20 | $193.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 18 | $183.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 10, 2024 | 18 | $178.1M | canonical | SEC ↗ |
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