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
(-27%)
Cap. Flow
-$27.2M
Cap. Flow
% of AUM
-16.47%
Top 10 Holdings %
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 |
Adtran
ADTN
|
+$3.91M |
| 2 |
Shimmick
SHIM
|
+$3.21M |
| 3 |
Comstock
LODE
|
+$2.77M |
| 4 |
NioCorp Developments
NB
|
+$2.24M |
| 5 |
Ramaco Resources Class A
METC
|
+$2.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dave Inc
DAVE
|
+$5.96M |
| 2 |
TPG RE Finance Trust
TRTX
|
+$5.3M |
| 3 |
Walker & Dunlop
WD
|
+$4.88M |
| 4 |
Aehr Test Systems
AEHR
|
+$4.71M |
| 5 |
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 | |
|---|---|---|---|---|---|---|---|
26
Archer Aviation
ACHR
$3.13B
| $912K | 0.55% |
192,793
| – | – |
2022 Q1
17 quarters
|
|
|
27
Walker & Dunlop
WD
$1.1B
| $909K | 0.55% |
16,619
-96,381
| -85% | -$4.88M |
2026 Q1
1 quarter
|
|
28
Highland Opportunities and Income Fund
HFRO
$347M
| $889K | 0.54% |
+124,725
| New | +$800K |
2026 Q2
0 quarters
|
|
29
Onity Group
ONIT
$212M
| $835K | 0.5% |
+21,000
| New | +$829K |
2026 Q2
0 quarters
|
|
30
Ares Commercial Real Estate
ACRE
$194M
| $248K | 0.15% |
+55,056
| New | +$272K |
2026 Q2
0 quarters
|
|
31
Helport AI Warrants
HPAIW
| $32.6K | 0.02% |
994,071
-310,291
| -24% | -$17.8K |
2024 Q3
7 quarters
|
|
|
32
Aehr Test Systems
AEHR
$2.33B
| – | – |
-51,560
| Closed | -$4.71M | – |
|
33
CALL
Anterix
ATEX
$1.63B
| – | – |
-200,000
| Closed | -$7.64M | – |
|
|
34
Anterix
ATEX
$1.63B
| – | – |
-87,500
| Closed | -$3.34M | – |
|
35
CALL
Cadiz
CDZI
$273M
| – | – |
-5,000
| Closed | -$24.6K | – |
|
|
36
Cadiz
CDZI
$273M
| – | – |
-505,956
| Closed | -$2.48M | – |
|
|
37
Dave Inc
DAVE
$4.55B
| – | – |
-34,225
| Closed | -$5.96M | – |
|
38
CALL
DHT Holdings
DHT
$4.02B
| – | – |
-100,000
| Closed | -$1.83M | – |
|
39
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| – | – |
-200,000
| Closed | -$49.6M | – |
|
40
National CineMedia
NCMI
$209M
| – | – |
-318,000
| Closed | -$970K | – |
|
|
41
CALL
TPG RE Finance Trust
TRTX
$433M
| – | – |
-1,600,000
| Closed | -$12.5M | – |
|
42
United States Antimony
UAMY
$418M
| – | – |
-900
| Closed | -$7.86K | – |
|
|
SNYR
43
DELISTED
Synergy CHC Corp
SNYR
| – | – |
-550,000
| Closed | -$710K | – |
|
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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.