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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
+12.64%
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
$94.7M
AUM Growth
+$34.1M
(+56%)
Cap. Flow
+$26.5M
Cap. Flow
% of AUM
27.98%
Top 10 Holdings %
Top 10 Hldgs %
73.8%
Holding
35
New
12
Increased
5
Reduced
4
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boyd Gaming
BYD
|
+$6.85M |
| 2 |
TRTX
TPG RE Finance Trust
TRTX
|
+$4.8M |
| 3 |
PRSU
Pursuit Attractions and Hospitality Inc
PRSU
|
+$4.72M |
| 4 |
ADAM
Adamas Trust
ADAM
|
+$4.04M |
| 5 |
GEN Restaurant Group
GENK
|
+$2.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Safe Bulkers
SB
|
+$2.3M |
| 2 |
DHC
Diversified Healthcare Trust
DHC
|
+$1.78M |
| 3 |
NETI
Eneti Inc.
NETI
|
+$1.63M |
| 4 |
Beazer Homes USA
BZH
|
+$1.4M |
| 5 |
M/I Homes
MHO
|
+$1.39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 45.59% |
| 2 | Real Estate | 12.82% |
| 3 | Industrials | 8.72% |
| 4 | Communication Services | 2.43% |
| 5 | Materials | 0.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
M/I Homes
MHO
$3.84B
| $12.6M | 13.28% |
144,150
-19,700
| -12% | -$1.39M |
|
|
2
PUT
Boyd Gaming
BYD
$6.46B
| $9.85M | 10.41% |
+142,000
| New | +$9.54M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $7.49M | 7.91% |
+40,000
| New | +$7.13M |
|
|
4
Boyd Gaming
BYD
$6.46B
| $7.07M | 7.47% |
+101,960
| New | +$6.85M |
|
|
TGH
5
DELISTED
Textainer Group Holdings limited
TGH
| $5.91M | 6.24% |
150,017
-27,183
| -15% | -$992K |
|
|
PRSU
6
Pursuit Attractions and Hospitality Inc
PRSU
$1.43B
| $5.7M | 6.03% |
+212,239
| New | +$4.72M |
|
7
Navios Maritime Partners
NMM
$2.25B
| $5.53M | 5.84% |
252,898
+33,748
| +15% | +$747K |
|
8
Inspired Entertainment
INSE
$177M
| $5.51M | 5.82% |
374,600
+14,128
| +4% | +$191K |
|
|
TRTX
9
TPG RE Finance Trust
TRTX
$666M
| $5.26M | 5.55% |
+709,521
| New | +$4.8M |
|
10
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $4.96M | 5.25% |
+11,200
| New | +$4.7M |
|
11
Gildan
GIL
$9.26B
| $4.22M | 4.46% |
130,874
+33,971
| +35% | +$1.04M |
|
|
ADAM
12
Adamas Trust
ADAM
$777M
| $4.04M | 4.26% |
+406,864
| New | +$4.04M |
|
13
Cato Corp
CATO
$65.7M
| $2.64M | 2.78% |
328,175
+9,523
| +3% | +$79K |
|
14
Karat Packaging
KRT
$790M
| $2.62M | 2.77% |
143,691
+46,291
| +48% | +$714K |
|
|
EEX
15
DELISTED
Emerald Holding
EEX
| $2.3M | 2.43% |
561,131
-249,973
| -31% | -$944K |
|
|
16
GEN Restaurant Group
GENK
$10.4M
| $2.25M | 2.38% |
+132,500
| New | +$2.09M |
|
|
RPT
17
Rithm Property Trust
RPT
$90.9M
| $1.59M | 1.68% |
+43,333
| New | +$1.56M |
|
18
Douglas Elliman
DOUG
$155M
| $1.13M | 1.19% |
+507,000
| New | +$1.39M |
|
|
19
Safe Bulkers
SB
$780M
| $963K | 1.02% |
295,400
-654,600
| -69% | -$2.3M |
|
|
LLAP
20
DELISTED
Terran Orbital Corporation
LLAP
| $953K | 1.01% |
+635,000
| New | +$1.01M |
|
|
EXPR
21
DELISTED
Express, Inc.
EXPR
| $570K | 0.6% |
48,008
| – | – |
|
|
NM
22
DELISTED
Navios Maritime Holdings Inc.
NM
| $523K | 0.55% |
319,019
| – | – |
|
|
LLAP
23
CALL
DELISTED
Terran Orbital Corporation
LLAP
| $450K | 0.48% |
+300,000
| New | +$475K |
|
24
Archer Aviation
ACHR
$3.64B
| $287K | 0.3% |
145,299
| – | – |
|
|
GPMT
25
Granite Point Mortgage Trust
GPMT
$63.7M
| $123K | 0.13% |
23,216
| – | – |
|
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Gratia Capital's Q2 2023 Portfolio in Review
As of Q2 2023, Gratia Capital held 35 positions worth $94.7M, up 56% from $60.6M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Gratia Capital deployed $26.5M of net new capital in Q2 2023, opening 12 new positions and adding to 5 existing holdings. Its largest new stake was Boyd Gaming: 101,960 shares worth $7.07M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 46% of assets, up from 40% a quarter earlier, followed by Real Estate and Industrials.
On the sell side, the largest reduction was Safe Bulkers, an estimated $2.3M trimmed.
- Gratia Capital's largest Q2 2023 buy was Boyd Gaming: 101,960 shares worth $7.07M.
- Gratia Capital added most to Gildan in Q2 2023, an estimated $1.04M increase.
- Gratia Capital's biggest Q2 2023 reduction was Safe Bulkers, cutting an estimated $2.3M.
- Gratia Capital fully exited Diversified Healthcare Trust in Q2 2023, selling an estimated $1.78M.
- Gratia Capital's ten largest holdings make up 74% of its $94.7M portfolio in Q2 2023.
- Gratia Capital opened 12 new positions and closed 8 in Q2 2023.
- Gratia Capital's portfolio value rose 56% quarter-over-quarter to $94.7M.
Based on Gratia Capital's 13F filing for Q2 2023, filed 14 Aug 2023.