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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
+3.41%
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
$225M
AUM Growth
+$102M
(+82%)
Cap. Flow
+$98.4M
Cap. Flow
% of AUM
43.82%
Top 10 Holdings %
Top 10 Hldgs %
48.41%
Holding
54
New
22
Increased
10
Reduced
12
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares Short S&P500
SH
|
+$17.9M |
| 2 |
CVA
Covanta Holding Corporation
CVA
|
+$8.8M |
| 3 |
CLNY
Colony Capital, Inc.
CLNY
|
+$8.62M |
| 4 |
Lamar Advertising Co
LAMR
|
+$6.87M |
| 5 |
DDC
Dominion Diamond Corporation
DDC
|
+$6.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ORIG
Ocean Rig UDW Inc. Class A Common Shares
ORIG
|
+$7.23M |
| 2 |
HA
Hawaiian Holdings, Inc.
HA
|
+$4.35M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$4.28M |
| 4 |
Live Nation Entertainment
LYV
|
+$4.12M |
| 5 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
+$3.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 23.05% |
| 2 | Consumer Discretionary | 19.5% |
| 3 | Industrials | 5.41% |
| 4 | Communication Services | 4.75% |
| 5 | Materials | 4.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
McDonald's
MCD
$189B
| $19M | 8.45% |
+193,600
| New | +$18.5M |
|
|
2
ProShares Short S&P500
SH
$883M
| $17.4M | 7.76% |
+88,343
| New | +$17.9M |
|
3
Service Corp International
SCI
$11.3B
| $11.9M | 5.3% |
599,348
+53,413
| +10% | +$981K |
|
4
CALL
PepsiCo
PEP
$186B
| $11.3M | 5.05% |
+136,200
| New | +$11.1M |
|
|
5
Lamar Advertising Co
LAMR
$16.2B
| $9.86M | 4.39% |
193,298
+134,260
| +227% | +$6.87M |
|
|
CVA
6
DELISTED
Covanta Holding Corporation
CVA
| $8.99M | 4% |
+498,096
| New | +$8.8M |
|
|
CLNY
7
DELISTED
Colony Capital, Inc.
CLNY
| $8.59M | 3.82% |
+391,395
| New | +$8.62M |
|
|
PMT
8
PennyMac Mortgage Investment
PMT
$848M
| $7.99M | 3.56% |
334,415
+108,669
| +48% | +$2.57M |
|
9
Forestar Group
FOR
$1.45B
| $6.84M | 3.05% |
384,540
+171,140
| +80% | +$3.33M |
|
10
Take-Two Interactive
TTWO
$43.1B
| $6.79M | 3.02% |
309,765
+47,186
| +18% | +$917K |
|
|
JGW
11
DELISTED
J G WENTWORTH CO CL A COM STK (DE)
JGW
| $6.4M | 2.85% |
350,600
+600
| +0.2% | +$10.5K |
|
|
DDC
12
DELISTED
Dominion Diamond Corporation
DDC
| $6.35M | 2.83% |
+473,350
| New | +$6.69M |
|
|
LADR
13
Ladder Capital
LADR
$1.24B
| $6.24M | 2.78% |
+412,127
| New | +$5.89M |
|
14
Boston Properties
BXP
$11B
| $6.1M | 2.71% |
53,229
+18,084
| +51% | +$1.97M |
|
15
Assured Guaranty
AGO
$3.8B
| $4.35M | 1.94% |
171,805
-29,456
| -15% | -$697K |
|
|
VER
16
DELISTED
VEREIT, Inc.
VER
| $4.31M | 1.92% |
+61,500
| New | +$4.28M |
|
17
Aramark
ARMK
$15.2B
| $4.21M | 1.87% |
201,512
-64,263
| -24% | -$1.24M |
|
|
HA
18
DELISTED
Hawaiian Holdings, Inc.
HA
| $4.18M | 1.86% |
299,366
-372,030
| -55% | -$4.35M |
|
|
MYCC
19
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $3.94M | 1.75% |
208,240
-69,999
| -25% | -$1.26M |
|
20
Herc Holdings
HRI
$5.48B
| $3.77M | 1.68% |
+47,173
| New | +$3.8M |
|
21
LGI Homes
LGIH
$1.39B
| $3.69M | 1.64% |
214,004
-151,207
| -41% | -$2.59M |
|
22
Dillards
DDS
$8.93B
| $3.51M | 1.56% |
+37,944
| New | +$3.43M |
|
|
BBBY
23
DELISTED
Bed Bath & Beyond Inc
BBBY
| $3.5M | 1.56% |
+50,849
| New | +$3.44M |
|
24
Altisource Portfolio Solutions
ASPS
$67.4M
| $3.48M | 1.55% |
+3,581
| New | +$3.64M |
|
|
CBL
25
DELISTED
CBL& Associates Properties, Inc.
CBL
| $3.48M | 1.55% |
+196,205
| New | +$3.41M |
|
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Gratia Capital's Q1 2014 Portfolio in Review
As of Q1 2014, Gratia Capital held 54 positions worth $225M, up 82% from $123M the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Gratia Capital deployed $98.4M of net new capital in Q1 2014, opening 22 new positions and adding to 10 existing holdings. Its largest new stake was ProShares Short S&P500: 88,343 shares worth $17.4M.
By sector, the portfolio is most concentrated in Real Estate at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Hawaiian Holdings, Inc., an estimated $4.35M trimmed.
- Gratia Capital's largest Q1 2014 buy was ProShares Short S&P500: 88,343 shares worth $17.4M.
- Gratia Capital added most to Lamar Advertising Co in Q1 2014, an estimated $6.87M increase.
- Gratia Capital's biggest Q1 2014 reduction was Hawaiian Holdings, Inc., cutting an estimated $4.35M.
- Gratia Capital fully exited Ocean Rig UDW Inc. Class A Common Shares in Q1 2014, selling an estimated $7.23M.
- Gratia Capital's ten largest holdings make up 48% of its $225M portfolio in Q1 2014.
- Gratia Capital opened 22 new positions and closed 9 in Q1 2014.
- Gratia Capital's portfolio value rose 82% quarter-over-quarter to $225M.
Based on Gratia Capital's 13F filing for Q1 2014, filed 14 May 2014.