Institutional Manager · CIK 0001599793
GRATIA CAPITAL, LLC
LOS ANGELES, CA · File #028-15971
Latest AUM
$134.1M
Positions
60
Top-10 Concentration
50.1%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | HUDSON PAC PPTYS INC | 444097406 | +233,500 | +$2.5M | $0 |
| EXITED | WW INTL INC | 98262P200 | -63,241 | -$1.7M | $0 |
| REDUCE | TPG RE FIN TR INC | TPGXL | -194,203 | -$1.7M | +$25,000 |
| NEW | DAVE INC | 23834J201 | +6,218 | +$1.4M | $0 |
| ADD | ARCHER AVIATION INC | ACHR-WT | +133,407 | +$1.0M | -$122,335 |
| ADD | CADIZ INC | CDZIP | +168,874 | +$947,383 | +$99,413 |
| NEW | BEAZER HOMES USA INC | BZH | +46,131 | +$935,075 | $0 |
| EXITED | XPONENTIAL FITNESS INC | 98422X101 | -104,044 | -$810,503 | $0 |
| EXITED | HUDSON PAC PPTYS INC | 444097109 | -233,500 | -$644,460 | $0 |
| EXITED | DUOS TECHNOLOGIES GROUP INC | 266042407 | -81,817 | -$602,173 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202560 pos · $134.1M
- 13F HOLDINGS REPORTQ/E Sep 202566 pos · $139.4M
- 13F HOLDINGS REPORTQ/E Jun 202551 pos · $102.5M
- 13F HOLDINGS REPORTQ/E Mar 202548 pos · $122.3M
- 13F HOLDINGS REPORTQ/E Dec 202452 pos · $102.2M
- 13F HOLDINGS REPORTQ/E Sep 202438 pos · $88.4M
- 13F HOLDINGS REPORTQ/E Jun 202436 pos · $105.4M
- 13F HOLDINGS REPORTQ/E Mar 202438 pos · $91.4M
- 13F HOLDINGS REPORTQ/E Dec 202351 pos · $106.4M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | TPG RE FIN TR INC | TPGXL | 1,725,571 | $14.9M | 11.31% |
| 2 | HUDSON PAC PPTYS INC | 444097406 | 766,500 | $8.3M | 6.32% |
| 3 | FRANKLIN BSP RLTY TR INC | 35243J101 | 694,668 | $7.0M | 5.30% |
| 4 | CADIZ INC | CDZIP | 1,215,920 | $6.8M | 5.19% |
| 5 | AEHR TEST SYS | AEHR | 308,300 | $6.2M | 4.74% |
| 6 | NAVIOS MARITIME PARTNERS L P | NMM | 103,982 | $5.5M | 4.15% |
| 7 | DAVE INC | 23834J201 | 23,407 | $5.2M | 3.94% |
| 8 | GRANITE PT MTG TR INC | 38741L107 | 1,755,203 | $4.2M | 3.21% |
| 9 | CLAROS MTG TR INC | 18270D106 | 1,301,212 | $4.0M | 3.03% |
| 10 | MASTERCRAFT BOAT HLDGS INC | MCFT | 202,475 | $3.8M | 2.91% |
| 11 | MAGNERA CORP | MAGN | 239,872 | $3.6M | 2.76% |
| 12 | COMSTOCK INC | LODE | 909,034 | $3.4M | 2.60% |
| 13 | SUNRISE RLTY TR INC | 867981102 | 355,220 | $3.3M | 2.55% |
| 14 | BOYD GAMING CORP | BYD | 36,572 | $3.1M | 2.37% |
| 15 | TERAWULF INC | WULF | 253,554 | $2.9M | 2.22% |
| 16 | TPG RE FIN TR INC | TPGXL | 305,797 | $2.6M | 2.00% |
| 17 | BETTER HOME & FINANCE HOLDIN | BETRW | 79,368 | $2.6M | 1.97% |
| 18 | HUDSON PAC PPTYS INC | 444097406 | 233,500 | $2.5M | 1.92% |
| 19 | TSAKOS ENERGY NAVIGATION LTD | TEN-PF | 110,547 | $2.5M | 1.89% |
| 20 | BRIGHTSPIRE CAPITAL INC | BRSP | 441,775 | $2.5M | 1.88% |