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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
-0.33%
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
$330M
AUM Growth
-$68.8M
(-17%)
Cap. Flow
-$51M
Cap. Flow
% of AUM
-15.44%
Top 10 Holdings %
Top 10 Hldgs %
80.04%
Holding
60
New
15
Increased
6
Reduced
17
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$27.9M |
| 2 |
GMS
GMS Inc
GMS
|
+$16.4M |
| 3 |
COHR
Coherent Inc
COHR
|
+$13.6M |
| 4 |
Martin Marietta Materials
MLM
|
+$8.5M |
| 5 |
EEX
Emerald Holding
EEX
|
+$6.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PetMed Express
PETS
|
+$14.3M |
| 2 |
CBPX
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
|
+$7.36M |
| 3 |
LGI Homes
LGIH
|
+$7.29M |
| 4 |
FBM
Foundation Building Materials, Inc. Common Stock
FBM
|
+$5.76M |
| 5 |
Century Communities
CCS
|
+$5.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 13.83% |
| 2 | Industrials | 11.33% |
| 3 | Communication Services | 8.63% |
| 4 | Consumer Discretionary | 4.6% |
| 5 | Technology | 4.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $105M | 31.88% |
400,600
+230,600
| +136% | +$62.9M |
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $26.9M | 8.13% |
+102,100
| New | +$27.9M |
|
3
Newmark Group
NMRK
$2.73B
| $23.8M | 7.21% |
1,567,943
+269,064
| +21% | +$4.17M |
|
|
GMS
4
DELISTED
GMS Inc
GMS
| $23.6M | 7.14% |
772,587
+482,915
| +167% | +$16.4M |
|
|
5
Century Communities
CCS
$2B
| $21M | 6.36% |
701,915
-168,639
| -19% | -$5.35M |
|
6
Nexstar Media Group
NXST
$5.6B
| $20.4M | 6.17% |
306,751
+49,162
| +19% | +$3.61M |
|
7
Insight Enterprises
NSIT
$3.55B
| $13.7M | 4.16% |
393,601
+32,301
| +9% | +$1.17M |
|
8
CALL
Western Union
WU
$2.57B
| $11M | 3.32% |
+570,000
| New | +$11.4M |
|
|
COHR
9
DELISTED
Coherent Inc
COHR
| $10.6M | 3.21% |
+56,581
| New | +$13.6M |
|
|
10
Martin Marietta Materials
MLM
$33.6B
| $8.13M | 2.46% |
+39,232
| New | +$8.5M |
|
|
11
LGI Homes
LGIH
$1.4B
| $6.68M | 2.02% |
94,600
-107,802
| -53% | -$7.29M |
|
12
BlueLinx
BXC
$455M
| $6.58M | 1.99% |
+201,795
| New | +$3.75M |
|
|
EEX
13
DELISTED
Emerald Holding
EEX
| $6.5M | 1.97% |
+333,950
| New | +$6.94M |
|
14
State Street SPDR S&P Retail ETF
XRT
$365M
| $4.2M | 1.27% |
94,837
-42,177
| -31% | -$1.93M |
|
|
15
PUT
PetMed Express
PETS
$42.5M
| $4.2M | 1.27% |
+100,000
| New | +$4.62M |
|
16
Lindblad Expeditions
LIND
$1.76B
| $3.54M | 1.07% |
344,460
-61,400
| -15% | -$590K |
|
17
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $3.49M | 1.06% |
68,930
-8,400
| -11% | -$438K |
|
18
PUT
Children's Place
PLCE
$53.6M
| $3.1M | 0.94% |
+23,000
| New | +$3.34M |
|
19
Service Corp International
SCI
$11.4B
| $2.53M | 0.77% |
+67,000
| New | +$2.57M |
|
|
TVPT
20
DELISTED
Travelport Worldwide Limited
TVPT
| $2.45M | 0.74% |
150,065
-322,376
| -68% | -$4.46M |
|
21
US Foods
USFD
$21.4B
| $2.27M | 0.69% |
69,300
-65,100
| -48% | -$2.13M |
|
|
PGEM
22
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $1.94M | 0.59% |
89,900
-57,000
| -39% | -$1.17M |
|
|
ILPT
23
Industrial Logistics Properties Trust
ILPT
$613M
| $1.93M | 0.58% |
+94,870
| New | +$2.03M |
|
24
Virgin Galactic
SPCE
$320M
| $1.82M | 0.55% |
9,100
-330
| -3% | -$66.2K |
|
|
CBPX
25
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.79M | 0.54% |
62,744
-263,256
| -81% | -$7.36M |
|
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Gratia Capital's Q1 2018 Portfolio in Review
As of Q1 2018, Gratia Capital held 60 positions worth $330M, down 17% from $399M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Gratia Capital withdrew a net $51M in Q1 2018, closing 20 positions and reducing 17 holdings. Its most notable exit was PetMed Express, an estimated $14.3M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 14% of assets, up from 13% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Gratia Capital opened a new position in State Street SPDR S&P 500 ETF Trust worth $26.9M.
- Gratia Capital's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 102,100 shares worth $26.9M.
- Gratia Capital added most to GMS Inc in Q1 2018, an estimated $16.4M increase.
- Gratia Capital's biggest Q1 2018 reduction was CONTINENTAL BUILDING PRODUCTS, INC., cutting an estimated $7.36M.
- Gratia Capital fully exited PetMed Express in Q1 2018, selling an estimated $14.3M.
- Gratia Capital's ten largest holdings make up 80% of its $330M portfolio in Q1 2018.
- Gratia Capital opened 15 new positions and closed 20 in Q1 2018.
- Gratia Capital's portfolio value fell 17% quarter-over-quarter to $330M.
Based on Gratia Capital's 13F filing for Q1 2018, filed 15 May 2018.