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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
+7.38%
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
$186M
AUM Growth
-$19.2M
(-9.3%)
Cap. Flow
-$24.3M
Cap. Flow
% of AUM
-13.07%
Top 10 Holdings %
Top 10 Hldgs %
49.85%
Holding
62
New
16
Increased
8
Reduced
14
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Axalta
AXTA
|
+$10.9M |
| 2 |
AMC Entertainment Holdings
AMC
|
+$6.86M |
| 3 |
Dave & Buster's
PLAY
|
+$6.29M |
| 4 |
Forestar Group
FOR
|
+$5.81M |
| 5 |
LGI Homes
LGIH
|
+$4.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVA
Covanta Holding Corporation
CVA
|
+$7.16M |
| 2 |
DDC
Dominion Diamond Corporation
DDC
|
+$6.64M |
| 3 |
DRII
DIAMOND RESORTS INTL, INC
DRII
|
+$6.35M |
| 4 |
M/I Homes
MHO
|
+$5.49M |
| 5 |
Take-Two Interactive
TTWO
|
+$5.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24.94% |
| 2 | Real Estate | 18.2% |
| 3 | Materials | 12.26% |
| 4 | Communication Services | 9.95% |
| 5 | Energy | 5.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Forestar Group
FOR
$1.45B
| $13.3M | 7.15% |
864,541
+355,410
| +70% | +$5.81M |
|
|
ACAS
2
DELISTED
American Capital Ltd
ACAS
| $11.6M | 6.22% |
793,239
+11,124
| +1% | +$162K |
|
|
3
Axalta
AXTA
$7.09B
| $11.5M | 6.16% |
+440,799
| New | +$10.9M |
|
|
OUTR
4
DELISTED
OUTERWALL INC
OUTR
| $9.52M | 5.11% |
126,513
+63,519
| +101% | +$4.07M |
|
|
5
LGI Homes
LGIH
$1.38B
| $9.5M | 5.1% |
636,753
+292,836
| +85% | +$4.96M |
|
|
6
Dave & Buster's
PLAY
$349M
| $7.87M | 4.23% |
+288,428
| New | +$6.29M |
|
|
MIC
7
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $7.84M | 4.21% |
110,302
+29,223
| +36% | +$1.99M |
|
|
8
M/I Homes
MHO
$3.83B
| $7.4M | 3.97% |
322,137
-252,370
| -44% | -$5.49M |
|
|
9
AMC Entertainment Holdings
AMC
$2.12B
| $7.27M | 3.9% |
+27,772
| New | +$6.86M |
|
10
Service Corp International
SCI
$11.3B
| $5.82M | 3.13% |
256,464
-46,536
| -15% | -$1.02M |
|
|
SFR
11
DELISTED
Starwood Waypoint Homes
SFR
| $5.31M | 2.85% |
201,441
+21,463
| +12% | +$555K |
|
|
DOOR
12
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $5.3M | 2.85% |
86,210
+9,748
| +13% | +$550K |
|
|
DRII
13
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $5.24M | 2.82% |
187,929
-257,958
| -58% | -$6.35M |
|
|
DDC
14
DELISTED
Dominion Diamond Corporation
DDC
| $5.2M | 2.79% |
289,708
-428,074
| -60% | -$6.64M |
|
|
STAY
15
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $4.88M | 2.62% |
252,848
| – | – |
|
16
Lamar Advertising Co
LAMR
$16.2B
| $4.36M | 2.34% |
81,228
-45,677
| -36% | -$2.36M |
|
17
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $4.26M | 2.29% |
+118,182
| New | +$4.05M |
|
18
Installed Building Products
IBP
$6.14B
| $4.2M | 2.25% |
235,555
-124,909
| -35% | -$2.01M |
|
|
PNK
19
DELISTED
Pinnacle Entertainment Inc.
PNK
| $4.04M | 2.17% |
+181,704
| New | +$4.23M |
|
|
BID
20
DELISTED
Sotheby's
BID
| $3.78M | 2.03% |
87,545
-12,175
| -12% | -$481K |
|
|
TAST
21
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $3.66M | 1.97% |
479,915
+30,000
| +7% | +$224K |
|
|
RCAP
22
DELISTED
RCS CAPITAL CORPORATION CLASS A COM
RCAP
| $3.5M | 1.88% |
285,717
-112,740
| -28% | -$1.61M |
|
|
23
Take-Two Interactive
TTWO
$43.1B
| $3.38M | 1.82% |
120,640
-201,643
| -63% | -$5.15M |
|
|
KS
24
DELISTED
KapStone Paper and Pack Corp.
KS
| $3.07M | 1.65% |
+104,804
| New | +$3.05M |
|
|
LADR
25
Ladder Capital
LADR
$1.24B
| $2.89M | 1.55% |
183,670
-87,622
| -32% | -$1.35M |
|
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Gratia Capital's Q4 2014 Portfolio in Review
As of Q4 2014, Gratia Capital held 62 positions worth $186M, down 9.3% from $205M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Gratia Capital withdrew a net $24.3M in Q4 2014, closing 19 positions and reducing 14 holdings. Its most notable exit was Covanta Holding Corporation, an estimated $7.16M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 32% a quarter earlier, followed by Real Estate and Materials.
Against the trend, Gratia Capital opened a new position in Axalta worth $11.5M.
- Gratia Capital's largest Q4 2014 buy was Axalta: 440,799 shares worth $11.5M.
- Gratia Capital added most to Forestar Group in Q4 2014, an estimated $5.81M increase.
- Gratia Capital's biggest Q4 2014 reduction was Dominion Diamond Corporation, cutting an estimated $6.64M.
- Gratia Capital fully exited Covanta Holding Corporation in Q4 2014, selling an estimated $7.16M.
- Gratia Capital's ten largest holdings make up 50% of its $186M portfolio in Q4 2014.
- Gratia Capital opened 16 new positions and closed 19 in Q4 2014.
- Gratia Capital's portfolio value fell 9.3% quarter-over-quarter to $186M.
Based on Gratia Capital's 13F filing for Q4 2014, filed 10 Feb 2015.