GRATIA CAPITAL, LLC — 13F Holdings & Portfolio
CIK 1599793 · latest 13F-HR filed 2026-08-14
GRATIA CAPITAL, LLC manages $165.4M in 13F-reported U.S. long-equity assets across 31 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AEHR (33.43%), TRTX (10.46%), FBRT (8.71%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 8 new positions, exited 7, added to 1, and trimmed 13.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 385
LOS ANGELES, CA 90064
$165.4M
Long-equity book
31
Distinct positions
2026-06-30
Filed 2026-08-14
+8 / −7 / ↑1 / ↓13
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Trims
- FRANKLIN BSP RLTY TR INC-$4.9M -25.6%
- WALKER & DUNLOP INC-$4.1M -81.9%
- TPG RE FIN TR INC-$3.8M -18.0%
- NAVIOS MARITIME PARTNERS LP-$3.2M -46.0%
- TSAKOS ENERGY NAVIGATION LTD-$1.6M -41.5%
New Positions
- ADTRAN HOLDINGS INC$3.5M
- SHIMMICK CORPORATION$3.3M
- TECOGEN INC NEW$2.0M
- NIOCORP DEVS LTD$2.0M
- RAMACO RES INC$1.8M
Exited Positions
- DAVE INC$6.0M
- ANTERIX INC$3.3M
- CADIZ INC$2.5M
- AEHR TEST SYS$1.9M
- NATIONAL CINEMEDIA INC$969.9K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AEHR TEST SYS Call | AEHR | 00760J108 | $55.3M | 33.43% | 575,500 | SH |
| 2 | TPG RE FIN TR INC | TRTX | 87266M107 | $17.3M | 10.46% | 2,067,333 | SH |
| 3 | FRANKLIN BSP RLTY TR INC | FBRT | 35243J101 | $14.4M | 8.71% | 1,769,370 | SH |
| 4 | COMSTOCK INC | LODE | 205750409 | $7.8M | 4.70% | 1,868,323 | SH |
| 5 | HUDSON PACIFIC PROPERTIES IN Call | HPP | 444097406 | $7.6M | 4.59% | 500,000 | SH |
| 6 | WALKER & DUNLOP INC Call | WD | 93148P102 | $6.4M | 3.85% | 116,300 | SH |
| 7 | WEYERHAEUSER CO Call | WY | 962166104 | $5.5M | 3.34% | 230,600 | SH |
| 8 | MASTERCRAFT BOAT HLDGS INC | MCFT | 57637H103 | $4.0M | 2.40% | 153,917 | SH |
| 9 | NAVIOS MARITIME PARTNERS LP | NMM | Y62267409 | $3.7M | 2.24% | 52,967 | SH |
| 10 | ADTRAN HOLDINGS INC | ADTN | 00486H105 | $3.5M | 2.11% | 250,492 | SH |
| 11 | SHIMMICK CORPORATION | SHIM | 82455M109 | $3.3M | 2.01% | 726,936 | SH |
| 12 | DUOS TECHNOLOGIES GROUP INC | DUOT | 266042407 | $3.2M | 1.96% | 270,275 | SH |
| 13 | CLAROS MTG TR INC | CMTG | 18270D106 | $3.1M | 1.85% | 1,301,212 | SH |
| 14 | BETTER HOME & FINANCE HOLDIN | BETR | 08774B508 | $2.8M | 1.67% | 100,458 | SH |
| 15 | SUNRISE RLTY TR INC | SUNS | 867981102 | $2.7M | 1.62% | 339,355 | SH |
| 16 | MAGNERA CORP | MAGN | 55939A107 | $2.6M | 1.60% | 224,872 | SH |
| 17 | GRANITE PT MTG TR INC | GPMT | 38741L107 | $2.6M | 1.58% | 1,739,211 | SH |
| 18 | KOSMOS ENERGY LTD Call | KOS | 500688106 | $2.4M | 1.45% | 1,137,300 | SH |
| 19 | TSAKOS ENERGY NAVIGATION LTD | TEN | G9108L173 | $2.3M | 1.40% | 65,232 | SH |
| 20 | U HAUL HOLDING COMPANY | UHAL.B | 023586506 | $2.1M | 1.26% | 36,067 | SH |
| 21 | KOSMOS ENERGY LTD | KOS | 500688106 | $2.0M | 1.23% | 963,678 | SH |
| 22 | TECOGEN INC NEW | TGEN | 87876P201 | $2.0M | 1.23% | 388,660 | SH |
| 23 | NIOCORP DEVS LTD | NB | 654484609 | $2.0M | 1.19% | 410,000 | SH |
| 24 | RAMACO RES INC | METC | 75134P600 | $1.8M | 1.10% | 138,000 | SH |
| 25 | AKAMAI TECHNOLOGIES INC Call | AKAM | 00971T101 | $1.2M | 0.71% | 10,000 | SH |
| 26 | ARCHER AVIATION INC | ACHR | 03945R102 | $911.9K | 0.55% | 192,793 | SH |
| 27 | WALKER & DUNLOP INC | WD | 93148P102 | $909.1K | 0.55% | 16,619 | SH |
| 28 | HIGHLAND OPPS & INCOME FD | HFRO | 43010E404 | $889.3K | 0.54% | 124,725 | SH |
| 29 | ONITY GROUP INC | ONIT | 675746606 | $834.8K | 0.50% | 21,000 | SH |
| 30 | ARES COML REAL ESTATE CORP | ACRE | 04013V108 | $247.8K | 0.15% | 55,056 | SH |
| 31 | HELPORT AI LTD | HPAIW | G4R52R111 | $32.6K | 0.02% | 994,071 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $165.4M | 31 | 0001599793-26-000004 |
| 2026-03-31 | 2026-05-15 | $227.2M | 64 | 0001599793-26-000003 |
| 2025-12-31 | 2026-02-17 | $134.1M | 60 | 0001599793-26-000002 |
| 2025-09-30 | 2025-11-14 | $139.4M | 66 | 0001599793-25-000005 |