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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
+13.9%
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
$91.4M
AUM Growth
+$4.81M
(+5.6%)
Cap. Flow
-$3.44M
Cap. Flow
% of AUM
-3.76%
Top 10 Holdings %
Top 10 Hldgs %
81.87%
Holding
28
New
7
Increased
2
Reduced
3
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TRTX
TPG RE Finance Trust
TRTX
|
+$5.4M |
| 2 |
Beazer Homes USA
BZH
|
+$4.73M |
| 3 |
FirstCash
FCFS
|
+$4.03M |
| 4 |
TEN
Tsakos Energy Navigation Ltd
TEN
|
+$3.61M |
| 5 |
Inspired Entertainment
INSE
|
+$1.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CRH
CRH
|
+$5.92M |
| 2 |
GEN Restaurant Group
GENK
|
+$2.64M |
| 3 |
Altisource Portfolio Solutions
ASPS
|
+$2.09M |
| 4 |
Karat Packaging
KRT
|
+$2.06M |
| 5 |
Navios Maritime Partners
NMM
|
+$1.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24.42% |
| 2 | Real Estate | 14.01% |
| 3 | Industrials | 11.51% |
| 4 | Energy | 8.85% |
| 5 | Financials | 4.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TRTX
1
TPG RE Finance Trust
TRTX
$670M
| $11.7M | 12.74% |
1,509,224
+810,107
| +116% | +$5.4M |
|
2
Boyd Gaming
BYD
$6.44B
| $10.5M | 11.5% |
156,238
| – | – |
|
3
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $10.5M | 11.5% |
50,000
| – | – |
|
|
4
PUT
Boyd Gaming
BYD
$6.44B
| $9.56M | 10.45% |
142,000
| – | – |
|
|
TRTX
5
CALL
TPG RE Finance Trust
TRTX
$670M
| $7.72M | 8.44% |
+1,000,000
| New | +$6.67M |
|
|
6
Navios Maritime Partners
NMM
$2.24B
| $6.21M | 6.8% |
145,800
-51,246
| -26% | -$1.72M |
|
|
7
Beazer Homes USA
BZH
$904M
| $5.02M | 5.49% |
+153,000
| New | +$4.73M |
|
|
8
CALL
Inspired Entertainment
INSE
$180M
| $4.93M | 5.39% |
500,000
| – | – |
|
|
9
FirstCash
FCFS
$8.66B
| $4.44M | 4.85% |
+34,800
| New | +$4.03M |
|
10
Scorpio Tankers
STNG
$3.94B
| $4.31M | 4.71% |
60,200
-22,600
| -27% | -$1.53M |
|
|
TEN
11
Tsakos Energy Navigation Ltd
TEN
$1.18B
| $3.78M | 4.14% |
+149,000
| New | +$3.61M |
|
|
12
Inspired Entertainment
INSE
$180M
| $3.63M | 3.98% |
368,660
+187,053
| +103% | +$1.75M |
|
13
Archer Aviation
ACHR
$3.68B
| $2.14M | 2.34% |
462,252
| – | – |
|
14
Cato Corp
CATO
$65.9M
| $1.89M | 2.07% |
328,175
| – | – |
|
15
Bowman Consulting
BWMN
$453M
| $1.39M | 1.52% |
+40,000
| New | +$1.38M |
|
|
16
Karat Packaging
KRT
$785M
| $1.26M | 1.38% |
44,184
-78,041
| -64% | -$2.06M |
|
|
ACR
17
ACRES Commercial Realty
ACR
$127M
| $1.16M | 1.27% |
+82,729
| New | +$881K |
|
|
LLAP
18
DELISTED
Terran Orbital Corporation
LLAP
| $783K | 0.86% |
597,700
| – | – |
|
19
CALL
ZIM Integrated Shipping Services
ZIM
$3.02B
| $526K | 0.58% |
+52,000
| New | +$631K |
|
|
20
Altisource Portfolio Solutions
ASPS
$65.5M
| – | – |
-73,270
| Closed | -$2.09M |
|
21
PUT
Boise Cascade
BCC
$2.74B
| – | – |
-23,500
| Closed | -$3.04M |
|
|
22
CRH
CRH
$66.7B
| – | – |
-85,608
| Closed | -$5.92M |
|
|
23
PUT
CRH
CRH
$66.7B
| – | – |
-104,300
| Closed | -$7.21M |
|
|
24
GEN Restaurant Group
GENK
$10.4M
| – | – |
-337,431
| Closed | -$2.64M |
|
|
GPMT
25
Granite Point Mortgage Trust
GPMT
$65.2M
| – | – |
-23,216
| Closed | -$138K |
|
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Gratia Capital's Q1 2024 Portfolio in Review
As of Q1 2024, Gratia Capital held 28 positions worth $91.4M, up 5.6% from $86.6M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Gratia Capital withdrew a net $3.44M in Q1 2024, closing 9 positions and reducing 3 holdings. Its most notable exit was CRH, an estimated $5.92M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, down from 25% a quarter earlier, followed by Real Estate and Industrials.
Against the trend, Gratia Capital opened a new position in Beazer Homes USA worth $5.02M.
- Gratia Capital's largest Q1 2024 buy was Beazer Homes USA: 153,000 shares worth $5.02M.
- Gratia Capital added most to TPG RE Finance Trust in Q1 2024, an estimated $5.4M increase.
- Gratia Capital's biggest Q1 2024 reduction was Karat Packaging, cutting an estimated $2.06M.
- Gratia Capital fully exited CRH in Q1 2024, selling an estimated $5.92M.
- Gratia Capital's ten largest holdings make up 82% of its $91.4M portfolio in Q1 2024.
- Gratia Capital opened 7 new positions and closed 9 in Q1 2024.
- Gratia Capital's portfolio value rose 5.6% quarter-over-quarter to $91.4M.
Based on Gratia Capital's 13F filing for Q1 2024, filed 15 May 2024.