GRATIA CAPITAL, LLC
CIK 1599793 · View on SEC EDGAR ↗
- Portfolio value
- $165.4M
- Positions
- 31
- As of
- June 30, 2026
#7,079 of 9,443 by 13F value · top 75.0%
Portfolio value QoQ: -9.0% 13F does not disclose cash
- Top 10 holdings weight
- 75.83%
- Top 25 holdings weight
- 97.69%
- Positions above 1%
- 24
- Effective number of positions
- 7.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 14.55% Est. buys $25,254,557 · sells $71,990,761
Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 44.9% still held
- New positions
- 9
- Increased
- 5
- Decreased
- 9
- Closed
- 8
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Performance vs S&P 500
Annualized: +14.0% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 96.6% · Options excluded: 28.6%
Sector breakdown
Technology
36.1%
Real Estate
32.3%
Financial Services
6.6%
Industrials
4.8%
Energy
4.1%
Consumer Discretionary
2.4%
Materials
2.3%
Communications
2.1%
Paper & Forest
1.6%
Other/Unmapped
7.7%
Full portfolio 31 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AEHR Aehr Test Systems - Common Stock | $55,282,530 | 33.43% | 575,500 | Call option | $35,300,118 | Up ×2 | |
| TRTX TPG RE Finance Trust, Inc. Common Stock | $17,303,577 | 10.46% | 2,067,333 | $-980,391 | Down ×1 | ||
| FBRT Franklin BSP Realty Trust, Inc. Common Stock | $14,402,672 | 8.71% | 1,769,370 | $-2,295,681 | Down ×1 | ||
| LODE | $7,772,224 | 4.70% | 1,868,323 | $5,229,244 | Up ×1 | ||
| HPP Hudson Pacific Properties, Inc. Common Stock | $7,595,000 | 4.59% | 500,000 | Call option | $3,064,985 | Down ×1 | |
| WD Walker & Dunlop, Inc Common Stock | $6,361,610 | 3.85% | 116,300 | Call option | $1,200,216 | ||
| WY Weyerhaeuser Company Common Stock | $5,520,564 | 3.34% | 230,600 | Call option | $-112,994 | ||
| MCFT MasterCraft Boat Holdings, Inc. - Common Stock | $3,974,137 | 2.40% | 153,917 | $1,051,975 | Up ×1 | ||
| NMM Navios Maritime Partners LP Common Units Representing Limited Partner Interests | $3,711,398 | 2.24% | 52,967 | $-1,583,555 | Down ×3 | ||
| ADTN ADTRAN Holdings, Inc. - Common Stock | $3,481,839 | 2.11% | 250,492 | Up ×1 | |||
| SHIM Shimmick Corporation - Common Stock | $3,322,098 | 2.01% | 726,936 | Up ×1 | |||
| DUOT Duos Technologies Group, Inc. - Common Stock | $3,243,300 | 1.96% | 270,275 | $204,786 | Down ×1 | ||
| CMTG Claros Mortgage Trust, Inc. Common Stock | $3,057,848 | 1.85% | 1,301,212 | $-39,037 | |||
| BETR Better Home & Finance Holding Company - Class A Common Stock | $2,762,595 | 1.67% | 100,458 | $-212,851 | Up ×3 | ||
| SUNS Sunrise Realty Trust, Inc. - Common Stock | $2,680,904 | 1.62% | 339,355 | $71,416 | Down ×2 | ||
| MAGN Magnera Corporation Common Stock | $2,642,246 | 1.60% | 224,872 | $503,713 | |||
| GPMT Granite Point Mortgage Trust Inc. Common Stock | $2,608,816 | 1.58% | 1,739,211 | $63,772 | Down ×1 | ||
| KOS Kosmos Energy Ltd. Common Shares (DE) | $2,399,703 | 1.45% | 1,137,300 | Call option | $-761,991 | ||
| TEN Tsakos Energy Navigation Ltd Common Shares | $2,307,256 | 1.40% | 65,232 | $-740,319 | Down ×2 | ||
| UHALB | $2,081,066 | 1.26% | 36,067 | $469,953 | |||
| KOS Kosmos Energy Ltd. Common Shares (DE) | $2,033,361 | 1.23% | 963,678 | $521,083 | Up ×1 | ||
| TGEN | $2,028,805 | 1.23% | 388,660 | Up ×1 | |||
| NB NioCorp Developments Ltd. - Common Stock | $1,976,200 | 1.19% | 410,000 | Up ×1 | |||
| METC Ramaco Resources, Inc. - Class A Common Stock | $1,825,740 | 1.10% | 138,000 | Up ×1 | |||
| AKAM Akamai Technologies, Inc. - Common Stock | $1,182,100 | 0.71% | 10,000 | Call option | Up ×1 | ||
| ACHR Archer Aviation Inc. Class A Common Stock | $911,911 | 0.55% | 192,793 | $-84,829 | |||
| WD Walker & Dunlop, Inc Common Stock | $909,059 | 0.55% | 16,619 | $-2,890,002 | Down ×1 | ||
| HFRO Highland Opportunities and Income Fund Common Shares of Beneficial Interest | $889,289 | 0.54% | 124,725 | Up ×1 | |||
| ONIT Onity Group Inc. Common Stock | $834,750 | 0.50% | 21,000 | Up ×1 | |||
| ACRE Ares Commercial Real Estate Corporation Common Stock | $247,752 | 0.15% | 55,056 | Up ×1 | |||
| HPAIW Helport AI Limited - Warrants | $32,606 | 0.02% | 994,071 | $-76,742 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| BETR | $2,762,595 | 1.67% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| AEHR | Bought more | +37K | +$35.3M |
| LODE | Bought more | +1.0M | +$5.2M |
| HPP | Trimmed | -266K | +$3.1M |
| WD | Trimmed | -69K | -$2.9M |
| FBRT | Trimmed | -197K | -$2.3M |
| NMM | Trimmed | -26K | -$1.6M |
| WD | Price move only | +0 | +$1.2M |
| MCFT | Bought more | +11K | +$1.1M |
| TRTX | Trimmed | -274K | -$980K |
| KOS | Price move only | +0 | -$762K |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| IWM | June 30, 2026 | 154,900 | $38,415,200 | No longer tracked |
| IWM | June 30, 2025 | 125,000 | $24,936,250 | No longer tracked |
| ATEX | June 30, 2026 | 223,022 | $8,517,210 | -13.0% |
| LEG | March 31, 2025 | 537,573 | $5,160,701 | 20.5% |
| DAVE | June 30, 2026 | 26,216 | $4,563,943 | -8.8% |
| CBL | March 31, 2025 | 131,189 | $3,858,269 | 112.7% |
| NVGS | March 31, 2025 | 250,000 | $3,837,500 | 63.9% |
| ABX | June 30, 2025 | 479,495 | $3,591,418 | 78.1% |
| BYD | March 31, 2026 | 36,572 | $3,117,397 | -0.2% |
| DUOT | Dec. 31, 2025 | 413,773 | $3,045,369 | -1.7% |
| FCFS | June 30, 2025 | 24,907 | $2,996,810 | 54.2% |
| WULF | March 31, 2026 | 253,554 | $2,913,336 | 9.4% |
| XPOF | Dec. 31, 2025 | 371,096 | $2,890,838 | -39.8% |
| LSEA | June 30, 2025 | 437,003 | $2,805,559 | No longer tracked |
| BZH | Sept. 30, 2025 | 123,678 | $2,766,677 | 34.9% |
| KREF | March 31, 2025 | 252,822 | $2,553,502 | -29.9% |
| BRSP | March 31, 2026 | 441,775 | $2,473,940 | -13.6% |
| JAKK | March 31, 2026 | 137,094 | $2,314,147 | 24.4% |
| AZ | March 31, 2026 | 305,781 | $1,990,634 | 6.1% |
| STNG | March 31, 2025 | 39,368 | $1,956,196 | 109.3% |
| CDZI | June 30, 2026 | 370,989 | $1,821,556 | -17.6% |
| WW | Dec. 31, 2025 | 63,241 | $1,730,274 | -51.5% |
| MFA | March 31, 2026 | 172,376 | $1,604,820 | -5.4% |
| DHT | June 30, 2026 | 77,700 | $1,419,579 | 19.6% |
| ACR | Dec. 31, 2025 | 60,519 | $1,280,582 | -30.9% |
| BZH | March 31, 2026 | 46,131 | $935,075 | 72.2% |
| NCMI | June 30, 2026 | 217,811 | $664,324 | -30.8% |
| DDI | March 31, 2026 | 70,686 | $610,020 | 51.2% |
| SNYR | June 30, 2026 | 423,958 | $546,906 | -44.7% |
| ARQ | March 31, 2026 | 130,668 | $427,284 | -15.6% |
| SNYR | June 30, 2025 | 81,009 | $190,371 | -96.1% |
| CBUS | Dec. 31, 2025 | 116,942 | $150,855 | -4.1% |
| UAMY | June 30, 2026 | 900 | $7,857 | -26.1% |