GRATIA CAPITAL, LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$134.1M

Holdings

30

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (30 positions)

#StockSharesValue% PortfolioType
1
TRTXTPG RE FIN TR INC
2,031,368$17.5M13.04%
2
AEHRAEHR TEST SYS
537,560$10.9M8.09%Call
3
HPPHUDSON PAC PPTYS INC
1,000,000$10.8M8.07%Call
4
FBRTFRANKLIN BSP RLTY TR INC
862,922$8.7M6.45%
5
CDZICADIZ INC
1,496,494$8.4M6.26%
6
NMMNAVIOS MARITIME PARTNERS L P
134,656$7.1M5.26%
7
DAVEDAVE INC
29,625$6.6M4.89%
8
GPMTGRANITE PT MTG TR INC
2,239,309$5.4M4.01%
9
CMTGCLAROS MTG TR INC
1,700,084$5.2M3.88%
10
MCFTMASTERCRAFT BOAT HLDGS INC
260,840$4.9M3.68%
11
MAGNMAGNERA CORP
314,627$4.8M3.55%
12
LODECOMSTOCK INC
1,156,423$4.3M3.24%
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%
16
BETRBETTER HOME & FINANCE HOLDIN
101,663$3.3M2.47%
17
TENTSAKOS ENERGY NAVIGATION LTD
143,228$3.2M2.39%
18
JAKKJAKKS PAC INC
179,520$3.0M2.26%
19
BRSPBRIGHTSPIRE CAPITAL INC
501,585$2.8M2.09%
20
AZA2Z CUST2MATE SOLUTIONS CORP
395,410$2.6M1.92%
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%
25
KOSKOSMOS ENERGY LTD
1,500,000$1.4M1.02%Call
26
SNYRSYNERGY CHC CORP
555,000$1.0M0.77%
27
BZHBEAZER HOMES USA INC
46,131$935K0.70%
28
DDIDOUBLEDOWN INTERACTIVE CO LT
90,870$784K0.58%
29
OXQ1ARQ INC
155,000$506K0.38%
30
HPAIHELPORT AI LTD
1,304,362$207K0.15%