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GRATIA CAPITAL, LLC

Q2 2025 · Filed 2025-08-14
Market Value
$88M
+2.4%
Holdings
23
-2
New Purchases
3
Added To
8
Closed
4
Reduced
4
Top 10 Concentration
74.4%
Turnover
30.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MCFT 4.88% 0.00% +4.88% $4M
XPOF 6.60% 2.58% +4.03% $6M
JAKK 3.56% 0.00% +3.56% $3M
TRTX 23.51% 20.00% +3.51% $21M
ADES 5.27% 3.39% +1.88% $5M
BYD 4.24% 2.82% +1.42% $4M
FBRT 9.99% 8.58% +1.41% $9M
CBUS 1.35% 0.00% +1.35% $1M
BZH 4.13% 3.25% +0.87% $4M
ACHR 3.10% 2.43% +0.67% $3M
SUNS 5.41% 4.83% +0.59% $5M
TNP 3.18% 2.90% +0.29% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ABX 0.00% 5.50% -5.50% $0
LSEA 0.00% 4.28% -4.28% $0
HPP 0.00% 4.22% -4.22% $0
FCFS 0.00% 3.51% -3.51% $0
MAGN 4.34% 6.23% -1.89% $4M
CMTG 4.35% 5.83% -1.48% $4M
NMM 5.79% 7.22% -1.44% $5M
CDZI 2.52% 3.39% -0.87% $2M
GPMT 1.88% 2.43% -0.55% $2M
BRSP 3.46% 3.90% -0.44% $3M
MFA 2.44% 2.71% -0.27% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 4 $11M 13.1%
Small Cap 13 $55M 62.8%
Micro Cap 6 $21M 24.1%

Portfolio Analytics

Avg Market Cap
$1.4B
Median Market Cap
$539M
Avg P/E
15.3
Median P/E
9.4
Avg Dividend Yield
0.04%
Avg Beta
1.31
# Stocks
23
# ETFs / Funds
0

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TRTX 23.51% 2,664,589 $21M $7.72 $3M +567,733 +27.1%
2 FBRT 9.99% 817,837 $9M $10.69 $1M +242,395 +42.1%
3 XPOF 6.60% 771,417 $6M $7.49 $4M +507,200 +192.0%
4 NMM 5.79% 134,356 $5M $37.68 -$1M -23,000 -14.6%
5 SUNS 5.41% 446,720 $5M $10.60 $611K +74,193 +19.9%
6 ADES 5.27% 857,962 $5M $5.37 $2M +164,310 +23.7%
7 MCFT 4.88% 230,000 $4M $18.58 +230,000 NEW
8 CMTG 4.35% 1,335,801 $4M $2.85 -$1M
9 MAGN 4.34% 314,627 $4M $12.08 -$2M +21,400 +7.3%
10 BYD 4.24% 47,389 $4M $78.23 $1M +10,817 +29.6%
11 BZH 4.13% 161,400 $4M $22.37 $829K +25,000 +18.3%
12 JAKK 3.56% 149,970 $3M $20.78 +149,970 NEW
13 BRSP 3.46% 600,000 $3M $5.05 -$306K
14 TNP 3.18% 145,228 $3M $19.19 $309K
15 ACHR 3.10% 250,000 $3M $10.85 $635K -42,176 -14.4%
16 CDZI 2.52% 737,500 $2M $2.99 -$688K -250,000 -25.3%
17 MFA 2.44% 225,469 $2M $9.46 -$180K
18 GPMT 1.88% 665,783 $2M $2.47 -$436K -134,217 -16.8%
19 CBUS 1.35% 857,000 $1M $1.38 +857,000 NEW
20 ABX —% -$5M -627,402 -100.0% SOLD
21 HPP —% -$4M -1,223,500 -100.0% SOLD
22 LSEA —% -$4M -570,000 -100.0% SOLD
23 FCFS —% -$3M -24,907 -100.0% SOLD

Options Breakdown

4 Calls $11M Call Value 1 Puts $0 Put Value 0.0 P/C Ratio

Top Calls

SymbolSharesValueStatus
TRTX 500,000 $4M NEW
HPP 1,000,000 $3M
KOS 1,500,000 $3M NEW
XPOF 200,000 $1M

Top Puts

SymbolSharesValueStatus
IWM $0 SOLD

New Positions

SymbolValue% Port
MCFT $4M 4.88%
JAKK $3M 3.56%
CBUS $1M 1.35%

Sold Out Positions

SymbolValue% Port
ABX —%
HPP —%
FCFS —%
LSEA —%
View SEC EDGAR Filings for GRATIA CAPITAL, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms