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GC
Gratia Capital Portfolio holdings
AUM
$227M
1-Year Est. Return
16.14%
This Fund
S&P 500
This Quarter
Est. Return
+0.02%
1 Year Est. Return
+16.14%
3 Year Est. Return
+42.99%
5 Year Est. Return
+66.12%
10 Year Est. Return
+404.7%
AUM
$545M
AUM Growth
-$33M
(-5.7%)
Cap. Flow
-$32.3M
Cap. Flow
% of AUM
-5.92%
Top 10 Holdings %
Top 10 Hldgs %
68.39%
Holding
63
New
15
Increased
10
Reduced
11
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nexstar Media Group
NXST
|
+$33.9M |
| 2 |
WLH
WILLIAM LYON HOMES
WLH
|
+$28.2M |
| 3 |
Kayne Anderson Energy Infrastructure Fund
KYN
|
+$11.7M |
| 4 |
HOUS
Anywhere Real Estate
HOUS
|
+$9.41M |
| 5 |
M/I Homes
MHO
|
+$9.16M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sinclair Inc
SBGI
|
+$28.2M |
| 2 |
Axalta
AXTA
|
+$22M |
| 3 |
Service Corp International
SCI
|
+$18M |
| 4 |
Urban Outfitters
URBN
|
+$11.4M |
| 5 |
Lamar Advertising Co
LAMR
|
+$10.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 21.58% |
| 2 | Consumer Discretionary | 21.48% |
| 3 | Communication Services | 10.38% |
| 4 | Industrials | 2.97% |
| 5 | Utilities | 2.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
CALL
Sinclair Inc
SBGI
$1.02B
| – | – |
-660,000
| Closed | -$16.7M |
|
|
52
Sinclair Inc
SBGI
$1.02B
| – | – |
-1,114,466
| Closed | -$28.2M |
|
|
53
Service Corp International
SCI
$11.7B
| – | – |
-666,024
| Closed | -$18M |
|
|
54
Urban Outfitters
URBN
$6.44B
| – | – |
-386,823
| Closed | -$11.4M |
|
|
VRE
55
DELISTED
Veris Residential
VRE
| – | – |
-283,144
| Closed | -$5.35M |
|
|
HA
56
DELISTED
Hawaiian Holdings, Inc.
HA
| – | – |
-173,054
| Closed | -$4.27M |
|
|
HMHC
57
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| – | – |
-266,893
| Closed | -$5.42M |
|
|
SNR
58
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| – | – |
-200,000
| Closed | -$2.09M |
|
|
ICON
59
DELISTED
Iconix Brand Group, Inc.
ICON
| – | – |
-22,752
| Closed | -$3.08M |
|
|
NYRT
60
DELISTED
New York REIT, Inc.
NYRT
| – | – |
-31,303
| Closed | -$3.15M |
|
|
ACAS
61
DELISTED
American Capital Ltd
ACAS
| – | – |
-551,960
| Closed | -$6.71M |
|
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Gratia Capital's Q4 2015 Portfolio in Review
As of Q4 2015, Gratia Capital held 63 positions worth $545M, down 5.7% from $578M the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Gratia Capital withdrew a net $32.3M in Q4 2015, closing 24 positions and reducing 11 holdings. Its most notable exit was Sinclair Inc, an estimated $28.2M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 22% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Gratia Capital opened a new position in Nexstar Media Group worth $36M.
- Gratia Capital's largest Q4 2015 buy was Nexstar Media Group: 612,699 shares worth $36M.
- Gratia Capital added most to M/I Homes in Q4 2015, an estimated $9.16M increase.
- Gratia Capital's biggest Q4 2015 reduction was LGI Homes, cutting an estimated $6.77M.
- Gratia Capital fully exited Sinclair Inc in Q4 2015, selling an estimated $28.2M.
- Gratia Capital's ten largest holdings make up 68% of its $545M portfolio in Q4 2015.
- Gratia Capital opened 15 new positions and closed 24 in Q4 2015.
- Gratia Capital's portfolio value fell 5.7% quarter-over-quarter to $545M.
Based on Gratia Capital's 13F filing for Q4 2015, filed 12 Feb 2016.