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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%
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
$377M
AUM Growth
+$105M
(+38%)
Cap. Flow
+$31M
Cap. Flow
% of AUM
8.21%
Top 10 Holdings %
Top 10 Hldgs %
64.18%
Holding
62
New
19
Increased
8
Reduced
10
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lindblad Expeditions
LIND
|
+$14.1M |
| 2 |
SAFE
Safehold
SAFE
|
+$11.3M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$6.68M |
| 4 |
CDK
CDK Global, Inc.
CDK
|
+$6.46M |
| 5 |
Blackstone Mortgage Trust
BXMT
|
+$6.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Axalta
AXTA
|
+$11.1M |
| 2 |
OUTR
OUTERWALL INC
OUTR
|
+$11M |
| 3 |
Dave & Buster's
PLAY
|
+$6.37M |
| 4 |
ISCA
International Speedway Corp
ISCA
|
+$5.45M |
| 5 |
DOOR
MASONITE INTERNATIONAL CORP
DOOR
|
+$5.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 21.77% |
| 2 | Consumer Discretionary | 18.66% |
| 3 | Communication Services | 3.32% |
| 4 | Industrials | 3.3% |
| 5 | Materials | 2.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
United States Oil Fund
USO
$2.4B
| $87.6M | 23.22% |
+53,213
| New | +$8.45M |
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$782B
| $52.6M | 13.93% |
255,400
+12,300
| +5% | +$2.59M |
|
3
M/I Homes
MHO
$3.85B
| $17.6M | 4.66% |
712,626
+3,390
| +0.5% | +$80.7K |
|
4
CALL
Macy's
M
$6.14B
| $15.1M | 4.01% |
+255,400
| New | +$17.3M |
|
|
5
Lindblad Expeditions
LIND
$1.83B
| $13.6M | 3.6% |
+1,289,413
| New | +$14.1M |
|
|
FCE.A
6
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $13.3M | 3.51% |
599,530
+249,093
| +71% | +$5.9M |
|
7
LGI Homes
LGIH
$1.4B
| $11.1M | 2.94% |
561,441
-130,671
| -19% | -$2.35M |
|
|
SAFE
8
Safehold
SAFE
$1.19B
| $10.8M | 2.87% |
+167,333
| New | +$11.3M |
|
|
ACAS
9
DELISTED
American Capital Ltd
ACAS
| $10.8M | 2.86% |
797,559
+104,283
| +15% | +$1.52M |
|
10
Forestar Group
FOR
$1.46B
| $9.69M | 2.57% |
735,920
-44,389
| -6% | -$641K |
|
11
Service Corp International
SCI
$11.3B
| $9.14M | 2.42% |
310,492
-87,917
| -22% | -$2.49M |
|
|
12
Dave & Buster's
PLAY
$352M
| $6.99M | 1.85% |
193,570
-189,981
| -50% | -$6.37M |
|
|
SFR
13
DELISTED
Starwood Waypoint Homes
SFR
| $6.98M | 1.85% |
293,887
+3,307
| +1% | +$84.6K |
|
|
CDK
14
DELISTED
CDK Global, Inc.
CDK
| $6.79M | 1.8% |
+125,883
| New | +$6.46M |
|
15
Lamar Advertising Co
LAMR
$16.1B
| $6.6M | 1.75% |
114,798
+21,521
| +23% | +$1.28M |
|
|
UNVR
16
DELISTED
Univar Solutions Inc.
UNVR
| $6.59M | 1.75% |
+253,374
| New | +$6.68M |
|
17
Enpro
NPO
$7.16B
| $5.67M | 1.5% |
99,052
-9,867
| -9% | -$622K |
|
|
18
Blackstone Mortgage Trust
BXMT
$2.82B
| $5.58M | 1.48% |
+200,536
| New | +$6.01M |
|
|
HMHC
19
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $5.53M | 1.47% |
+219,417
| New | +$5.44M |
|
20
Gaming and Leisure Properties
GLPI
$12.8B
| $5.51M | 1.46% |
150,212
+12,007
| +9% | +$441K |
|
21
Urban Outfitters
URBN
$6.04B
| $5.36M | 1.42% |
+153,132
| New | +$5.93M |
|
22
Kearny Financial
KRNY
$591M
| $5.14M | 1.36% |
+461,037
| New | +$4.81M |
|
|
AHT
23
Ashford Hospitality Trust
AHT
$20.7M
| $5.07M | 1.34% |
+607
| New | +$5.36M |
|
24
Stellantis
STLA
$16.5B
| $4.96M | 1.31% |
523,215
+35,602
| +7% | +$365K |
|
|
PN
25
DELISTED
Patriot National, Inc.
PN
| $4.73M | 1.25% |
295,900
-4,100
| -1% | -$62.5K |
|
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Gratia Capital's Q2 2015 Portfolio in Review
As of Q2 2015, Gratia Capital held 62 positions worth $377M, up 38% from $273M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Gratia Capital deployed $31M of net new capital in Q2 2015, opening 19 new positions and adding to 8 existing holdings. Its largest new stake was Lindblad Expeditions: 1,289,413 shares worth $13.6M.
By sector, the portfolio is most concentrated in Real Estate at 22% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Dave & Buster's, an estimated $6.37M trimmed.
- Gratia Capital's largest Q2 2015 buy was Lindblad Expeditions: 1,289,413 shares worth $13.6M.
- Gratia Capital added most to Forest City Realty Trust, Inc. in Q2 2015, an estimated $5.9M increase.
- Gratia Capital's biggest Q2 2015 reduction was Dave & Buster's, cutting an estimated $6.37M.
- Gratia Capital fully exited Axalta in Q2 2015, selling an estimated $11.1M.
- Gratia Capital's ten largest holdings make up 64% of its $377M portfolio in Q2 2015.
- Gratia Capital opened 19 new positions and closed 18 in Q2 2015.
- Gratia Capital's portfolio value rose 38% quarter-over-quarter to $377M.
Based on Gratia Capital's 13F filing for Q2 2015, filed 10 Aug 2015.