13F HOLDINGS REPORT
GRATIA CAPITAL, LLC
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001599793-25-000005
Total Value
$139.4M
Positions
66
Other Managers
1
Confidential Omitted
No
Holdings (66)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TPG RE FIN TR INC | TPGXL | 1,857,461 | $15.9M | 11.41% |
| 2 | AEHR TEST SYS | AEHR | 308,300 | $9.3M | 6.66% |
| 3 | FRANKLIN BSP RLTY TR INC | 35243J101 | 632,317 | $6.9M | 4.93% |
| 4 | NAVIOS MARITIME PARTNERS L P | NMM | 109,805 | $4.9M | 3.55% |
| 5 | CLAROS MTG TR INC | 18270D106 | 1,301,212 | $4.3M | 3.10% |
| 6 | TPG RE FIN TR INC | TPGXL | 500,000 | $4.3M | 3.07% |
| 7 | MASTERCRAFT BOAT HLDGS INC | MCFT | 190,950 | $4.1M | 2.94% |
| 8 | GRANITE PT MTG TR INC | 38741L107 | 1,319,198 | $4.0M | 2.84% |
| 9 | SUNRISE RLTY TR INC | 867981102 | 355,220 | $3.7M | 2.65% |
| 10 | AEHR TEST SYS | AEHR | 107,484 | $3.2M | 2.32% |
| 11 | BOYD GAMING CORP | BYD | 36,572 | $3.2M | 2.27% |
| 12 | DUOS TECHNOLOGIES GROUP INC | DUOT | 413,773 | $3.0M | 2.18% |
| 13 | CADIZ INC | CDZIP | 639,992 | $3.0M | 2.17% |
| 14 | XPONENTIAL FITNESS INC | XPOF | 371,096 | $2.9M | 2.07% |
| 15 | MAGNERA CORP | MAGN | 239,872 | $2.8M | 2.02% |
| 16 | AEHR TEST SYS | AEHR | 91,700 | $2.8M | 1.98% |
| 17 | BETTER HOME & FINANCE HOLDIN | BETRW | 47,465 | $2.7M | 1.91% |
| 18 | A2Z CUST2MATE SOLUTIONS CORP | AZ | 326,495 | $2.6M | 1.87% |
| 19 | TPG RE FIN TR INC | TPGXL | 301,326 | $2.6M | 1.85% |
| 20 | JAKKS PAC INC | JAKK | 137,094 | $2.6M | 1.84% |
| 21 | COMSTOCK INC | LODE | 739,314 | $2.5M | 1.81% |
| 22 | BRIGHTSPIRE CAPITAL INC | BRSP | 459,020 | $2.5M | 1.79% |
| 23 | ARQ INC | ARQ | 346,728 | $2.5M | 1.78% |
| 24 | TSAKOS ENERGY NAVIGATION LTD | TEN-PF | 110,547 | $2.5M | 1.76% |
| 25 | NATIONAL CINEMEDIA INC | NCMI | 496,123 | $2.2M | 1.60% |
| 26 | HUDSON PAC PPTYS INC | 444097109 | 766,500 | $2.1M | 1.52% |
| 27 | UNITED STATES ANTIMONY CORP | UAMY | 323,900 | $2.0M | 1.44% |
| 28 | KOSMOS ENERGY LTD | KOS | 1,137,300 | $1.9M | 1.35% |
| 29 | CADIZ INC | CDZIP | 388,300 | $1.8M | 1.31% |
| 30 | FRANKLIN BSP RLTY TR INC | 35243J101 | 168,254 | $1.8M | 1.31% |
| 31 | ARCHER AVIATION INC | ACHR-WT | 190,614 | $1.8M | 1.31% |
| 32 | WW INTL INC | 98262P200 | 63,241 | $1.7M | 1.24% |
| 33 | MFA FINL INC | 55272X607 | 172,376 | $1.6M | 1.14% |
| 34 | NAVIOS MARITIME PARTNERS L P | NMM | 32,351 | $1.5M | 1.05% |
| 35 | CLAROS MTG TR INC | 18270D106 | 398,872 | $1.3M | 0.95% |
| 36 | ACRES COMMERCIAL REALTY CORP | ACR-PD | 60,519 | $1.3M | 0.92% |
| 37 | MASTERCRAFT BOAT HLDGS INC | MCFT | 59,050 | $1.3M | 0.91% |
| 38 | GRANITE PT MTG TR INC | 38741L107 | 388,628 | $1.2M | 0.84% |
| 39 | SYNERGY CHC CORP | SNYR | 428,379 | $1.0M | 0.75% |
| 40 | SUNRISE RLTY TR INC | 867981102 | 98,596 | $1.0M | 0.73% |
| 41 | AEHR TEST SYS | AEHR | 32,076 | $965,808 | 0.69% |
| 42 | CADIZ INC | CDZIP | 188,674 | $890,541 | 0.64% |
| 43 | MAGNERA CORP | MAGN | 74,755 | $876,129 | 0.63% |
| 44 | BOYD GAMING CORP | BYD | 9,817 | $848,680 | 0.61% |
| 45 | XPONENTIAL FITNESS INC | XPOF | 104,044 | $810,503 | 0.58% |
| 46 | JAKKS PAC INC | JAKK | 42,426 | $794,639 | 0.57% |
| 47 | TSAKOS ENERGY NAVIGATION LTD | TEN-PF | 34,681 | $770,612 | 0.55% |
| 48 | A2Z CUST2MATE SOLUTIONS CORP | AZ | 95,505 | $763,085 | 0.55% |
| 49 | COMSTOCK INC | LODE | 218,109 | $745,933 | 0.54% |
| 50 | BETTER HOME & FINANCE HOLDIN | BETRW | 13,235 | $743,013 | 0.53% |
| 51 | NATIONAL CINEMEDIA INC | NCMI | 153,877 | $693,985 | 0.50% |
| 52 | ARQ INC | ARQ | 95,292 | $682,291 | 0.49% |
| 53 | HUDSON PAC PPTYS INC | 444097109 | 233,500 | $644,460 | 0.46% |
| 54 | DUOS TECHNOLOGIES GROUP INC | DUOT | 81,817 | $602,173 | 0.43% |
| 55 | KOSMOS ENERGY LTD | KOS | 362,700 | $602,082 | 0.43% |
| 56 | UNITED STATES ANTIMONY CORP | UAMY | 96,100 | $595,820 | 0.43% |
| 57 | ARCHER AVIATION INC | ACHR-WT | 59,386 | $568,918 | 0.41% |
| 58 | CADIZ INC | CDZIP | 111,700 | $527,224 | 0.38% |
| 59 | BRIGHTSPIRE CAPITAL INC | BRSP | 90,980 | $494,021 | 0.35% |
| 60 | MFA FINL INC | 55272X607 | 53,093 | $487,925 | 0.35% |
| 61 | SYNERGY CHC CORP | SNYR | 126,621 | $308,955 | 0.22% |
| 62 | ACRES COMMERCIAL REALTY CORP | ACR-PD | 12,024 | $254,428 | 0.18% |
| 63 | HELPORT AI LTD | HPAIW | 994,189 | $196,353 | 0.14% |
| 64 | CIBUS INC | CBUS | 116,942 | $150,855 | 0.11% |
| 65 | CIBUS INC | CBUS | 50,303 | $64,891 | 0.05% |
| 66 | HELPORT AI LTD | HPAIW | 310,325 | $61,289 | 0.04% |