GC
Gratia Capital Portfolio holdings
AUM
$165M
Turnover
48.84%
1-Year Est. Return
34.15%
This Fund
S&P 500
This Quarter
Est. Return
-1.92%
1 Year Est. Return
+34.15%
3 Year Est. Return
+42.39%
5 Year Est. Return
+50.91%
10 Year Est. Return
+439.86%
AUM
$134M
AUM Growth
-$5.27M
(-3.8%)
Cap. Flow
+$6.25M
Cap. Flow
% of AUM
4.66%
Top 10 Holdings %
Top 10 Hldgs %
61.56%
Holding
38
New
4
Increased
7
Reduced
9
Closed
7
Avg Time Held Equity + Options
0.9
years
Top 10 Avg Time Held Equity + Options
0.8
years
Top 20 Avg Time Held Equity + Options
0.9
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
1
year
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dave Inc
DAVE
|
+$6.37M |
| 2 |
TeraWulf
WULF
|
+$4.08M |
| 3 |
Cadiz
CDZI
|
+$3.58M |
| 4 |
Better Home & Finance Holding
BETR
|
+$2.21M |
| 5 |
GPMT
Granite Point Mortgage Trust
GPMT
|
+$1.43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xponential Fitness
XPOF
|
+$3.7M |
| 2 |
Duos Technologies
DUOT
|
+$3.65M |
| 3 |
WW International
WW
|
+$1.73M |
| 4 |
ACRES Commercial Realty
ACR
|
+$1.54M |
| 5 |
Arq
ARQ
|
+$1.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 34.22% |
| 2 | Miscellaneous | 16.84% |
| 3 | Industrials | 12.98% |
| 4 | Consumer Discretionary | 9.58% |
| 5 | Technology | 8.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
TPG RE Finance Trust
TRTX
$433M
| $17.5M | 13.04% |
2,031,368
-127,419
| -6% | -$1.13M |
2023 Q2
10 quarters
|
|
2
CALL
Hudson Pacific Properties
HPP
$592M
| $10.8M | 8.07% |
1,000,000
+857,143
| +600% | +$12.7M |
2025 Q1
3 quarters
|
|
3
Franklin BSP Realty Trust
FBRT
$500M
| $8.66M | 6.45% |
862,922
+62,351
| +8% | +$651K |
2024 Q3
5 quarters
|
|
|
4
Cadiz
CDZI
$273M
| $8.4M | 6.26% |
1,496,494
+667,828
| +81% | +$3.58M |
2024 Q4
4 quarters
|
|
5
CALL
Aehr Test Systems
AEHR
$2.33B
| $8.08M | 6.02% |
400,000
| – | – |
2025 Q3
1 quarter
|
|
6
Navios Maritime Partners
NMM
$2.71B
| $7.06M | 5.26% |
134,656
-7,500
| -5% | -$372K |
2021 Q2
18 quarters
|
|
|
7
Dave Inc
DAVE
$4.55B
| $6.56M | 4.89% |
+29,625
| New | +$6.37M |
2025 Q4
0 quarters
|
|
|
GPMT
8
Granite Point Mortgage Trust
GPMT
$26M
| $5.37M | 4.01% |
223,931
+53,148
| +31% | +$1.43M |
2024 Q4
4 quarters
|
|
9
Claros Mortgage Trust
CMTG
$164M
| $5.2M | 3.88% |
1,700,084
| – | – |
2025 Q1
3 quarters
|
|
10
MasterCraft Boat Holdings
MCFT
$465M
| $4.93M | 3.68% |
260,840
+10,840
| +4% | +$214K |
2025 Q2
2 quarters
|
|
11
Magnera Corp
MAGN
$377M
| $4.76M | 3.55% |
314,627
| – | – |
2024 Q4
4 quarters
|
|
12
Comstock
LODE
$141M
| $4.35M | 3.24% |
1,156,423
+199,000
| +21% | +$677K |
2025 Q3
1 quarter
|
|
13
Sunrise Realty Trust
SUNS
$85.8M
| $4.28M | 3.19% |
453,816
| – | – |
2025 Q1
3 quarters
|
|
14
Boyd Gaming
BYD
$5.06B
| $3.95M | 2.95% |
46,389
| – | – |
2023 Q2
10 quarters
|
|
|
15
TeraWulf
WULF
$5.76B
| $3.49M | 2.6% |
+304,038
| New | +$4.08M |
2025 Q4
0 quarters
|
|
|
16
Better Home & Finance Holding
BETR
$154M
| $3.31M | 2.47% |
101,663
+40,963
| +67% | +$2.21M |
2025 Q2
2 quarters
|
|
17
Tsakos Energy Navigation Ltd
TEN
$1.62B
| $3.21M | 2.39% |
143,228
-2,000
| -1% | -$46.8K |
2024 Q1
7 quarters
|
|
18
Jakks Pacific
JAKK
$318M
| $3.03M | 2.26% |
179,520
| – | – |
2025 Q2
2 quarters
|
|
19
BrightSpire Capital
BRSP
$468M
| $2.81M | 2.09% |
501,585
-48,415
| -9% | -$266K |
2024 Q4
4 quarters
|
|
|
20
Aehr Test Systems
AEHR
$2.33B
| $2.78M | 2.07% |
137,560
-2,000
| -1% | -$48.4K |
2025 Q3
1 quarter
|
|
21
A2Z Smart Technologies
AZ
$245M
| $2.57M | 1.92% |
395,410
-26,590
| -6% | -$171K |
2025 Q3
1 quarter
|
|
22
National CineMedia
NCMI
$209M
| $2.53M | 1.88% |
650,000
| – | – |
2025 Q3
1 quarter
|
|
23
CALL
United States Antimony
UAMY
$418M
| $2.11M | 1.57% |
420,000
| – | – |
2025 Q3
1 quarter
|
|
24
MFA Financial
MFA
$662M
| $2.1M | 1.56% |
225,469
| – | – |
2025 Q1
3 quarters
|
|
25
Archer Aviation
ACHR
$3.13B
| $1.45M | 1.08% |
192,793
-57,207
| -23% | -$538K |
2022 Q1
15 quarters
|
|
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Gratia Capital's Q4 2025 Portfolio in Review
As of Q4 2025, Gratia Capital held 38 positions worth $134M, down 3.8% from $139M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Gratia Capital deployed $6.25M of net new capital in Q4 2025, opening 4 new positions and adding to 7 existing holdings. Its largest new stake was Dave Inc: 29,625 shares worth $6.56M.
By sector, the portfolio is most concentrated in Real Estate at 34% of assets, down from 35% a quarter earlier, followed by Miscellaneous and Industrials.
On the sell side, the largest reduction was Arq, an estimated $1.4M trimmed.
- Gratia Capital's largest Q4 2025 buy was Dave Inc: 29,625 shares worth $6.56M.
- Gratia Capital added most to Cadiz in Q4 2025, an estimated $3.58M increase.
- Gratia Capital's biggest Q4 2025 reduction was Arq, cutting an estimated $1.4M.
- Gratia Capital fully exited Xponential Fitness in Q4 2025, selling an estimated $3.7M.
- Gratia Capital's ten largest holdings make up 62% of its $134M portfolio in Q4 2025.
- Gratia Capital opened 4 new positions and closed 7 in Q4 2025.
- Gratia Capital's portfolio value fell 3.8% quarter-over-quarter to $134M.
Based on Gratia Capital's 13F filing for Q4 2025, filed 17 Feb 2026.