GC

Gratia Capital Portfolio holdings

AUM $165M Turnover 48.84%
1-Year Est. Return 34.15%
This Fund
S&P 500
This Quarter Est. Return
+12.17%
1 Year Est. Return
+34.15%
3 Year Est. Return
+42.39%
5 Year Est. Return
+50.91%
10 Year Est. Return
+439.86%
AUM
$165M
AUM Growth
-$61.8M
Cap. Flow
-$27.2M
Cap. Flow %
-16.47%
Top 10 Hldgs %
75.83%
Holding
43
New
9
Increased
2
Reduced
19
Closed
12
Avg Time Held Equity + Options
1 year
Top 10 Avg Time Held Equity + Options
0.9 years
Top 20 Avg Time Held Equity + Options
1 year
Avg Time Held Equity only
1.1 years
Top 10 Avg Time Held Equity only
1.3 years
Top 20 Avg Time Held Equity only
1.1 years

Top Buys

Rank Stock Value
1
ADTN icon
Adtran
ADTN
+$3.91M
2
SHIM icon
Shimmick
SHIM
+$3.21M
3
LODE icon
Comstock
LODE
+$2.77M
4
NB icon
NioCorp Developments
NB
+$2.24M
5
METC icon
Ramaco Resources Class A
METC
+$2.01M

Top Sells

Rank Stock Value
1
DAVE icon
Dave Inc
DAVE
+$5.96M
2
TRTX icon
TPG RE Finance Trust
TRTX
+$5.3M
3
WD icon
Walker & Dunlop
WD
+$4.88M
4
AEHR icon
Aehr Test Systems
AEHR
+$4.71M
5
FBRT icon
Franklin BSP Realty Trust
FBRT
+$4.43M

Sector Composition

Rank Sector Weight
1 Miscellaneous 47.93%
2 Real Estate 24.37%
3 Industrials 7.29%
4 Materials 7%
5 Technology 4.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AEHR icon
1
CALL
Aehr Test Systems
AEHR
$2.3B
$55.3M 33.43%
575,500
-121,500
-17% -$11.1M
2025 Q3
3 quarters
TRTX icon
2
TPG RE Finance Trust
TRTX
$431M
$17.3M 10.46%
2,067,333
-634,416
-23% -$5.3M
2023 Q2
12 quarters
FBRT icon
3
Franklin BSP Realty Trust
FBRT
$502M
$14.4M 8.71%
1,769,370
-509,330
-22% -$4.43M
2024 Q3
7 quarters
LODE icon
4
Comstock
LODE
$147M
$7.77M 4.7%
1,868,323
+761,902
+69% +$2.77M
2025 Q3
3 quarters
HPP icon
5
CALL
Hudson Pacific Properties
HPP
$595M
$7.59M 4.59%
500,000
-500,000
-50% -$5.48M
2025 Q1
5 quarters
WD icon
6
CALL
Walker & Dunlop
WD
$1.09B
$6.36M 3.85%
116,300
-33,700
-22% -$1.71M
2026 Q1
1 quarter
WY icon
7
CALL
Weyerhaeuser
WY
$13.6B
$5.52M 3.34%
230,600
-69,400
-23% -$1.69M
2026 Q1
1 quarter
MCFT icon
8
MasterCraft Boat Holdings
MCFT
$463M
$3.97M 2.4%
153,917
-41,123
-21% -$957K
2025 Q2
4 quarters
NMM icon
9
Navios Maritime Partners
NMM
$2.72B
$3.71M 2.24%
52,967
-48,889
-48% -$3.5M
2021 Q2
20 quarters
ADTN icon
10
Adtran
ADTN
$539M
$3.48M 2.11%
+250,492
New +$3.91M
2026 Q2
0 quarters
SHIM icon
11
Shimmick
SHIM
$103M
$3.32M 2.01%
+726,936
New +$3.21M
2026 Q2
0 quarters
DUOT icon
12
Duos Technologies
DUOT
$177M
$3.24M 1.96%
270,275
-309,725
-53% -$3.11M
2026 Q1
1 quarter
CMTG icon
13
Claros Mortgage Trust
CMTG
$161M
$3.06M 1.85%
1,301,212
-398,872
-23% -$979K
2025 Q1
5 quarters
BETR icon
14
Better Home & Finance Holding
BETR
$154M
$2.76M 1.67%
100,458
-9,895
-9% -$320K
2025 Q2
4 quarters
SUNS icon
15
Sunrise Realty Trust
SUNS
$87.3M
$2.68M 1.62%
339,355
-99,461
-23% -$800K
2025 Q1
5 quarters
MAGN icon
16
Magnera Corp
MAGN
$382M
$2.64M 1.6%
224,872
-74,755
-25% -$819K
2024 Q4
6 quarters
GPMT
17
Granite Point Mortgage Trust
GPMT
$26.5M
$2.61M 1.58%
173,921
-50,010
-22% -$719K
2024 Q4
6 quarters
KOS icon
18
CALL
Kosmos Energy
KOS
$1.63B
$2.4M 1.45%
1,137,300
-362,700
-24% -$1.01M
2025 Q2
4 quarters
TEN icon
19
Tsakos Energy Navigation Ltd
TEN
$1.63B
$2.31M 1.4%
65,232
-34,796
-35% -$1.38M
2024 Q1
9 quarters
UHAL.B icon
20
U-Haul Holding Co Series N
UHAL.B
$9.58B
$2.08M 1.26%
36,067
-10,433
-22% -$519K
2026 Q1
1 quarter
KOS icon
21
Kosmos Energy
KOS
$1.63B
$2.03M 1.23%
963,678
+243,878
+34% +$679K
2026 Q1
1 quarter
TGEN icon
22
Tecogen Inc
TGEN
$69.4M
$2.03M 1.23%
+388,660
New +$1.95M
2026 Q2
0 quarters
NB icon
23
NioCorp Developments
NB
$457M
$1.98M 1.19%
+410,000
New +$2.24M
2026 Q2
0 quarters
METC icon
24
Ramaco Resources Class A
METC
$527M
$1.83M 1.1%
+138,000
New +$2.01M
2026 Q2
0 quarters
AKAM icon
25
CALL
Akamai
AKAM
$13B
$1.18M 0.71%
+10,000
New +$1.25M
2026 Q2
0 quarters
1
2

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Gratia Capital's Q2 2026 Portfolio in Review

As of Q2 2026, Gratia Capital held 43 positions worth $165M, down 27% from $227M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Gratia Capital withdrew a net $27.2M in Q2 2026, closing 12 positions and reducing 19 holdings. Its most notable exit was Dave Inc, an estimated $5.96M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 48% of assets, down from 54% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Gratia Capital opened a new position in Adtran worth $3.48M.

  • Gratia Capital's largest Q2 2026 buy was Adtran: 250,492 shares worth $3.48M.
  • Gratia Capital added most to Comstock in Q2 2026, an estimated $2.77M increase.
  • Gratia Capital's biggest Q2 2026 reduction was TPG RE Finance Trust, cutting an estimated $5.3M.
  • Gratia Capital fully exited Dave Inc in Q2 2026, selling an estimated $5.96M.
  • Gratia Capital's ten largest holdings make up 76% of its $165M portfolio in Q2 2026.
  • Gratia Capital opened 9 new positions and closed 12 in Q2 2026.
  • Gratia Capital's portfolio value fell 27% quarter-over-quarter to $165M.

Based on Gratia Capital's 13F filing for Q2 2026, filed 14 Aug 2026.