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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
-48.03%
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
$15.6M
AUM Growth
-$67.2M
(-81%)
Cap. Flow
-$51.1M
Cap. Flow
% of AUM
-327.71%
Top 10 Holdings %
Top 10 Hldgs %
84.03%
Holding
34
New
6
Increased
6
Reduced
4
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gildan
GIL
|
+$3.39M |
| 2 |
M/I Homes
MHO
|
+$3.04M |
| 3 |
Lamar Advertising Co
LAMR
|
+$1.66M |
| 4 |
iShares Preferred and Income Securities ETF
PFF
|
+$1.53M |
| 5 |
Tecnoglass
TGLS
|
+$901K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Century Communities
CCS
|
+$4.34M |
| 2 |
Newmark Group
NMRK
|
+$2.8M |
| 3 |
FG
FGL Holdings Ordinary Shares
FG
|
+$2.63M |
| 4 |
FS KKR Capital
FSK
|
+$2.33M |
| 5 |
Danaos Corp
DAC
|
+$2.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.83% |
| 2 | Real Estate | 13.54% |
| 3 | Industrials | 11.99% |
| 4 | Technology | 6.84% |
| 5 | Communication Services | 5.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Gildan
GIL
$9.25B
| $2.25M | 14.45% |
176,490
+140,690
| +393% | +$3.39M |
|
2
Mayville Engineering Co
MEC
$772M
| $1.75M | 11.23% |
285,472
+28,097
| +11% | +$211K |
|
|
3
M/I Homes
MHO
$3.83B
| $1.39M | 8.92% |
+84,114
| New | +$3.04M |
|
|
4
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $1.36M | 8.71% |
+42,663
| New | +$1.53M |
|
5
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $1.29M | 8.27% |
5,000
-45,000
| -90% | -$13.7M |
|
6
Upbound Group
UPBD
$1.19B
| $1.07M | 6.84% |
75,402
+11,102
| +17% | +$267K |
|
|
7
Lamar Advertising Co
LAMR
$16.2B
| $1.06M | 6.78% |
+20,614
| New | +$1.66M |
|
|
BRMK
8
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $1.05M | 6.76% |
140,207
-8,220
| -6% | -$90.6K |
|
|
9
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $1.03M | 6.61% |
4,000
-71,000
| -95% | -$21.7M |
|
|
HMHC
10
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $852K | 5.47% |
453,270
+3,940
| +0.9% | +$20.1K |
|
|
SIC
11
DELISTED
Select Interior Concepts, Inc. Class A Common Stock
SIC
| $690K | 4.43% |
333,404
+83,404
| +33% | +$574K |
|
|
NWHM
12
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $614K | 3.94% |
447,819
-335,218
| -43% | -$1.46M |
|
|
13
Tecnoglass
TGLS
$2.01B
| $540K | 3.46% |
+140,000
| New | +$901K |
|
14
Universal Technical Institute
UTI
$2.08B
| $355K | 2.28% |
+59,625
| New | +$422K |
|
15
Kura Sushi USA
KRUS
$537M
| $171K | 1.1% |
14,279
+6,262
| +78% | +$123K |
|
16
Limbach Holdings
LMB
$867M
| $119K | 0.76% |
+41,900
| New | +$164K |
|
17
Chemours
CC
$2.59B
| – | – |
-10,800
| Closed | -$195K |
|
|
18
CALL
Century Communities
CCS
$2B
| – | – |
-60,000
| Closed | -$1.64M |
|
|
19
Century Communities
CCS
$2B
| – | – |
-158,774
| Closed | -$4.34M |
|
|
20
Danaos Corp
DAC
$2.55B
| – | – |
-225,496
| Closed | -$2.07M |
|
|
21
FS KKR Capital
FSK
$2.98B
| – | – |
-94,925
| Closed | -$2.33M |
|
|
22
PUT
Gildan
GIL
$9.25B
| – | – |
-35,000
| Closed | -$1.03M |
|
23
CALL
SPDR Gold Trust
GLD
$131B
| – | – |
-20,000
| Closed | -$2.86M |
|
24
Legacy Housing
LEGH
$630M
| – | – |
-25,149
| Closed | -$418K |
|
|
25
CALL
Newmark Group
NMRK
$2.73B
| – | – |
-50,000
| Closed | -$673K |
|
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MWM
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SIA
EI
Gratia Capital's Q1 2020 Portfolio in Review
As of Q1 2020, Gratia Capital held 34 positions worth $15.6M, down 81% from $82.8M the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Gratia Capital withdrew a net $51.1M in Q1 2020, closing 18 positions and reducing 4 holdings. Its most notable exit was Century Communities, an estimated $4.34M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 11% a quarter earlier, followed by Real Estate and Industrials.
Against the trend, Gratia Capital opened a new position in M/I Homes worth $1.39M.
- Gratia Capital's largest Q1 2020 buy was M/I Homes: 84,114 shares worth $1.39M.
- Gratia Capital added most to Gildan in Q1 2020, an estimated $3.39M increase.
- Gratia Capital's biggest Q1 2020 reduction was THE NEW HOME COMPANY INC., cutting an estimated $1.46M.
- Gratia Capital fully exited Century Communities in Q1 2020, selling an estimated $4.34M.
- Gratia Capital's ten largest holdings make up 84% of its $15.6M portfolio in Q1 2020.
- Gratia Capital opened 6 new positions and closed 18 in Q1 2020.
- Gratia Capital's portfolio value fell 81% quarter-over-quarter to $15.6M.
Based on Gratia Capital's 13F filing for Q1 2020, filed 15 May 2020.