GRATIA CAPITAL, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| AEHR TEST SYS OPT | AEHR | $55.3M | options only | +21.21pp | 4q | OPTIONS | |
| TPG RE FIN TR INC | TRTX | $17.3M | 2,067,333 | -4.33pp | 13q | -23.5%-$5.3M | |
| FRANKLIN BSP RLTY TR INC | FBRT | $14.4M | 1,769,370 | +0.19pp | 8q | -22.4%-$4.1M | |
| COMSTOCK INC | LODE | $7.8M | 1,868,323 | +3.21pp | 4q | +68.9%+$3.2M | |
| HUDSON PACIFIC PROPERTIES IN OPT | HPP | $7.6M | options only | +1.99pp | 3q | OPTIONS | |
| WALKER & DUNLOP INC OPT | WD | $7.3M | 16,619 | -0.74pp | 2q | -85.3%-$42.2M | |
| WEYERHAEUSER CO OPT | WY | $5.5M | options only | +0.11pp | 2q | OPTIONS | |
| KOSMOS ENERGY LTD OPT | KOS | $4.4M | 963,678 | -0.04pp | 5q | +33.9%+$1.1M | |
| MASTERCRAFT BOAT HLDGS INC | MCFT | $4.0M | 153,917 | +0.64pp | 5q | -21.1%-$1.1M | |
| NAVIOS MARITIME PARTNERS L P | NMM | $3.7M | 52,967 | -0.78pp | 21q | -48.0%-$3.4M | |
| ADTRAN HOLDINGS INC | ADTN | $3.5M | 250,492 | - | new | NEW | |
| SHIMMICK CORPORATION | SHIM | $3.3M | 726,936 | - | new | NEW | |
| DUOS TECHNOLOGIES GROUP INC | DUOT | $3.2M | 270,275 | +0.21pp | 2q | -53.4%-$3.7M | |
| CLAROS MTG TR INC | CMTG | $3.1M | 1,301,212 | +0.07pp | 6q | -23.5%-$937.3K | |
| BETTER HOME & FINANCE HOLDIN | BETR | $2.8M | 100,458 | -0.06pp | 5q | -9.0%-$272.1K | |
| SUNRISE RLTY TR INC | SUNS | $2.7M | 339,355 | +0.14pp | 6q | -22.7%-$785.7K | |
| MAGNERA CORP | MAGN | $2.6M | 224,872 | +0.34pp | 7q | -24.9%-$878.4K | |
| GRANITE PT MTG TR INC | GPMT | $2.6M | 1,739,211 | +0.15pp | 7q | -22.3%-$750.1K | |
| TSAKOS ENERGY NAVIGATION LTD | TEN | $2.3M | 65,232 | -0.34pp | 10q | -34.8%-$1.2M | |
| U HAUL HOLDING COMPANY | UHALB | $2.1M | 36,067 | +0.34pp | 2q | -22.4%-$602.0K | |
| TECOGEN INC NEW | TGEN | $2.0M | 388,660 | - | new | NEW | |
| NIOCORP DEVS LTD | NB | $2.0M | 410,000 | - | new | NEW | |
| RAMACO RES INC | METC | $1.8M | 138,000 | - | new | NEW | |
| AKAMAI TECHNOLOGIES INC OPT | AKAM | $1.2M | options only | - | new | OPTIONS | |
| ARCHER AVIATION INC | ACHR | $911.9K | 192,793 | +0.11pp | 18q | HELD | |
| HIGHLAND OPPS & INCOME FD | HFRO | $889.3K | 124,725 | - | new | NEW | |
| ONITY GROUP INC | ONIT | $834.8K | 21,000 | - | new | NEW | |
| ARES COML REAL ESTATE CORP | ACRE | $247.8K | 55,056 | - | new | NEW | |
| HELPORT AI LTD | HPAIW | $32.6K | 994,071 | -0.04pp | 8q | -23.8%-$10.2K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Instruments & Controls | $55.3M | 33.4% |
| Real Estate | $53.4M | 32.3% |
| Banks & Lending | $10.9M | 6.6% |
| Chemicals | $7.8M | 4.7% |
| Transport & Logistics | $6.0M | 3.6% |
| Autos & Aerospace | $4.9M | 3.0% |
| Industrials | $4.7M | 2.8% |
| Energy | $4.4M | 2.7% |
| Mining & Metals | $3.8M | 2.3% |
| Semiconductors & Electronics | $3.5M | 2.1% |
| Construction & Building | $3.3M | 2.0% |
| Software & IT Services | $3.3M | 2.0% |
| Other sectors | $4.2M | 2.5% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $165.4M | 29 | 9 | 2 | 15 | 8 | 77.0% | 45 |
| Q1 2026 | $227.2M | 28 | 7 | 4 | 10 | 9 | 78.9% | 45 |
| Q4 2025 | $134.1M | 30 | 5 | 6 | 8 | 6 | 63.6% | 48 |
| Q3 2025 | $139.4M | 31 | 8 | 7 | 9 | 1 | 61.1% | 45 |
| Q2 2025 | $102.5M | 24 | 5 | 9 | 6 | 5 | 68.7% | 45 |
| Q1 2025 | $122.3M | 24 | 6 | 8 | 5 | 5 | 73.7% | 45 |
| Q4 2024 | $102.2M | 23 | 8 | 5 | 7 | 2 | 69.4% | 45 |
| Q3 2024 | $88.4M | 17 | 4 | 5 | 5 | 4 | 85.7% | 45 |
| Q2 2024 | $105.4M | 17 | 4 | 4 | 5 | 3 | 88.0% | 45 |
| Q1 2024 | $91.4M | 16 | 6 | 2 | 3 | 7 | 92.3% | 45 |
| Q4 2023 | $86.6M | 17 | 1 | 3 | 7 | 7 | 87.2% | 45 |
| Q3 2023 | $106.4M | 23 | 7 | 8 | 0 | 9 | 74.7% | 45 |
| Q2 2023 | $94.7M | 25 | 10 | 5 | 4 | 8 | 78.3% | 45 |
| Q1 2023 | $60.6M | 23 | 7 | 3 | 4 | 2 | 80.5% | 45 |
| Q4 2022 | $50.7M | 18 | 5 | 5 | 0 | 10 | 89.8% | 45 |
| Q3 2022 | $48.4M | 23 | 8 | 4 | 7 | 15 | 80.5% | 45 |
| Q2 2022 | $80.9M | 30 | 11 | 7 | 9 | 19 | 71.2% | 46 |
| Q1 2022 | $101.0M | 38 | 12 | 8 | 6 | 5 | 65.9% | 46 |
| Q4 2021 | $84.9M | 31 | 9 | 7 | 9 | 12 | 74.7% | 45 |
| Q3 2021 | $119.9M | 34 | 13 | 4 | 9 | 5 | 59.4% | 46 |
| Q2 2021 | $89.3M | 26 | 12 | 4 | 8 | 20 | 68.9% | 47 |
| Q1 2021 | $67.6M | 34 | 15 | 1 | 13 | 6 | 75.4% | 44 |
| Q4 2020 | $92.6M | 25 | 15 | 0 | 8 | 5 | 89.7% | 47 |
| Q3 2020 | $31.3M | 15 | 7 | 1 | 5 | 7 | 90.1% | 47 |
| Q2 2020 | $28.5M | 15 | 7 | 3 | 5 | 7 | 94.9% | 45 |
| Q1 2020 | $15.6M | 15 | 6 | 6 | 2 | 15 | 88.5% | 45 |
| Q4 2019 | $82.8M | 24 | 7 | 6 | 4 | 7 | 82.9% | 45 |
| Q3 2019 | $59.9M | 24 | 12 | 5 | 4 | 6 | 83.0% | 45 |
| Q2 2019 | $51.9M | 18 | 9 | 4 | 4 | 10 | 90.0% | 45 |
| Q1 2019 | $26.0M | 19 | 7 | 4 | 4 | 4 | 84.9% | 45 |
| Q4 2018 | $58.6M | 16 | 0 | 0 | 0 | 0 | 97.0% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.