GRATIA CAPITAL, LLC

CIK: 0001599793Latest portfolio: $134.1M · Q4 2025

Holdings

30

Total Value

$134.1M

New Positions

4

Closed Positions

5

#StockSharesValue% PortfolioChangeType
1
TRTXTPG RE FIN TR INC
2,031,368$17.5M13.04%NEW
2
AEHRAEHR TEST SYS
537,560$10.9M8.09%-2,000Call
3
HPPHUDSON PAC PPTYS INC
1,000,000$10.8M8.07%NEWCall
4
FBRTFRANKLIN BSP RLTY TR INC
862,922$8.7M6.45%+62K
5
CDZICADIZ INC
1,496,494$8.4M6.26%NEW
6
NMMNAVIOS MARITIME PARTNERS L P
134,656$7.1M5.26%-7,500
7
DAVEDAVE INC
29,625$6.6M4.89%NEW
8
GPMTGRANITE PT MTG TR INC
2,239,309$5.4M4.01%+531K
9
CMTGCLAROS MTG TR INC
1,700,084$5.2M3.88%
10
MCFTMASTERCRAFT BOAT HLDGS INC
260,840$4.9M3.68%+11K
11
MAGNMAGNERA CORP
314,627$4.8M3.55%
12
LODECOMSTOCK INC
1,156,423$4.3M3.24%+199K
13
SUNSSUNRISE RLTY TR INC
453,816$4.3M3.19%
14
BYDBOYD GAMING CORP
46,389$4.0M2.95%
15
WULFTERAWULF INC
304,038$3.5M2.60%NEW
16
BETRBETTER HOME & FINANCE HOLDIN
101,663$3.3M2.47%+41K
17
TENTSAKOS ENERGY NAVIGATION LTD
143,228$3.2M2.39%-2,000
18
JAKKJAKKS PAC INC
179,520$3.0M2.26%
19
BRSPBRIGHTSPIRE CAPITAL INC
501,585$2.8M2.09%-48,415
20
AZA2Z CUST2MATE SOLUTIONS CORP
395,410$2.6M1.92%-26,590
21
NCMINATIONAL CINEMEDIA INC
650,000$2.5M1.88%
22
USOUNITED STATES ANTIMONY CORP
420,000$2.1M1.57%Call
23
MFAMFA FINL INC
225,469$2.1M1.56%
24
ACHRARCHER AVIATION INC
192,793$1.4M1.08%-57,207
25
KOSKOSMOS ENERGY LTD
1,500,000$1.4M1.02%Call

Quarterly Changes

New Positions

Closed Positions

Increased Positions

NameSharesChange
GPMT2.2M+531K
FBRT863K+62K
MCFT261K+11K

Decreased Positions

NameSharesChange
OXQ1155K-287020
ACHR193K-57207
BRSP502K-48415
AZ395K-26590
NMM135K-7500
AEHR538K-2000
TEN143K-2000
HPAI1.3M-152
BETR102K41K
LODE1.2M199K

Sector Breakdown

Real Estate0.0% ($1.7489108298654536e+28T)
Technology0.0% ($10852655825732.1T)
Consumer Cyclical0.0% ($493139.5T)
Industrials0.0% ($705.9T)
Financial Services0.0% ($34.9B)
Energy0.0% ($32.1B)
Utilities0.0% ($8.4M)
Communication Services0.0% ($2.5M)
Healthcare0.0% ($1.0M)
Unknown0.0% ($506K)

Filing History

QuarterFiling DatePortfolio ValueHoldings
Q4 2025Feb 17, 2026$134.1M60
Q3 2025Nov 14, 2025$139.4B66
Q2 2025Aug 14, 2025$102.5B51
Q1 2025May 15, 2025$122.3B48
Q4 2024Feb 14, 2025$102.2B52

Fund Information

CIK0001599793
Most Recent FilingFeb 17, 2026
Number of Filings5

GRATIA CAPITAL, LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $134.1M across 30 holdings. The largest position is TPG RE FIN TR INC (TRTX), representing 13.0% of the portfolio. Compared to the previous quarter, the fund opened 7 new positions and closed 8 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.