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
-0.8%
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
$227M
AUM Growth
+$93M
(+69%)
Cap. Flow
+$3.47M
Cap. Flow
% of AUM
1.53%
Top 10 Holdings %
Top 10 Hldgs %
71.68%
Holding
44
New
13
Increased
5
Reduced
10
Closed
10
Avg Time Held Equity + Options
0.8
years
Top 10 Avg Time Held Equity + Options
0.8
years
Top 20 Avg Time Held Equity + Options
0.8
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
1.1
years
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franklin BSP Realty Trust
FBRT
|
+$13.5M |
| 2 |
Walker & Dunlop
WD
|
+$6.37M |
| 3 |
TPG RE Finance Trust
TRTX
|
+$5.77M |
| 4 |
Duos Technologies
DUOT
|
+$5.16M |
| 5 |
Anterix
ATEX
|
+$2.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cadiz
CDZI
|
+$5.41M |
| 2 |
Boyd Gaming
BYD
|
+$3.95M |
| 3 |
TeraWulf
WULF
|
+$3.49M |
| 4 |
Jakks Pacific
JAKK
|
+$3.03M |
| 5 |
BrightSpire Capital
BRSP
|
+$2.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 53.55% |
| 2 | Real Estate | 22.5% |
| 3 | Industrials | 5.47% |
| 4 | Technology | 5.22% |
| 5 | Financials | 3.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $49.6M | 21.83% |
+200,000
| New | +$51.6M |
2026 Q1
0 quarters
|
|
2
CALL
Aehr Test Systems
AEHR
$2.33B
| $25.8M | 11.38% |
697,000
+297,000
| +74% | +$9.5M |
2025 Q3
2 quarters
|
|
|
3
TPG RE Finance Trust
TRTX
$433M
| $21.1M | 9.29% |
2,701,749
+670,381
| +33% | +$5.77M |
2023 Q2
11 quarters
|
|
|
4
Franklin BSP Realty Trust
FBRT
$500M
| $19.3M | 8.52% |
2,278,700
+1,415,778
| +164% | +$13.5M |
2024 Q3
6 quarters
|
|
|
5
CALL
TPG RE Finance Trust
TRTX
$433M
| $12.5M | 5.5% |
+1,600,000
| New | +$13.8M |
2026 Q1
0 quarters
|
|
|
6
CALL
Anterix
ATEX
$1.63B
| $7.64M | 3.36% |
+200,000
| New | +$6.33M |
2026 Q1
0 quarters
|
|
7
CALL
Weyerhaeuser
WY
$13.6B
| $7.33M | 3.23% |
+300,000
| New | +$7.54M |
2026 Q1
0 quarters
|
|
8
Navios Maritime Partners
NMM
$2.71B
| $6.87M | 3.03% |
101,856
-32,800
| -24% | -$2.04M |
2021 Q2
19 quarters
|
|
|
9
CALL
Walker & Dunlop
WD
$1.1B
| $6.66M | 2.93% |
+150,000
| New | +$8.46M |
2026 Q1
0 quarters
|
|
10
Dave Inc
DAVE
$4.55B
| $5.96M | 2.62% |
34,225
+4,600
| +16% | +$893K |
2025 Q4
1 quarter
|
|
11
CALL
Hudson Pacific Properties
HPP
$592M
| $5.91M | 2.6% |
1,000,000
| – | – |
2025 Q1
4 quarters
|
|
|
12
Walker & Dunlop
WD
$1.1B
| $5.01M | 2.21% |
+113,000
| New | +$6.37M |
2026 Q1
0 quarters
|
|
13
CALL
Kosmos Energy
KOS
$1.61B
| $4.17M | 1.84% |
1,500,000
| – | – |
2025 Q2
3 quarters
|
|
14
Claros Mortgage Trust
CMTG
$164M
| $4.05M | 1.78% |
1,700,084
| – | – |
2025 Q1
4 quarters
|
|
15
MasterCraft Boat Holdings
MCFT
$465M
| $4M | 1.76% |
195,040
-65,800
| -25% | -$1.43M |
2025 Q2
3 quarters
|
|
|
16
Duos Technologies
DUOT
$176M
| $3.98M | 1.75% |
+580,000
| New | +$5.16M |
2026 Q1
0 quarters
|
|
17
Tsakos Energy Navigation Ltd
TEN
$1.62B
| $3.95M | 1.74% |
100,028
-43,200
| -30% | -$1.32M |
2024 Q1
8 quarters
|
|
18
Better Home & Finance Holding
BETR
$154M
| $3.93M | 1.73% |
110,353
+8,690
| +9% | +$279K |
2025 Q2
3 quarters
|
|
19
Comstock
LODE
$141M
| $3.37M | 1.49% |
1,106,421
-50,002
| -4% | -$164K |
2025 Q3
2 quarters
|
|
20
Sunrise Realty Trust
SUNS
$85.8M
| $3.37M | 1.48% |
438,816
-15,000
| -3% | -$136K |
2025 Q1
4 quarters
|
|
|
21
Anterix
ATEX
$1.63B
| $3.34M | 1.47% |
+87,500
| New | +$2.77M |
2026 Q1
0 quarters
|
|
|
GPMT
22
Granite Point Mortgage Trust
GPMT
$26M
| $3.25M | 1.43% |
223,931
| – | – |
2024 Q4
5 quarters
|
|
23
Magnera Corp
MAGN
$377M
| $2.85M | 1.25% |
299,627
-15,000
| -5% | -$192K |
2024 Q4
5 quarters
|
|
|
24
Cadiz
CDZI
$273M
| $2.48M | 1.09% |
505,956
-990,538
| -66% | -$5.41M |
2024 Q4
5 quarters
|
|
25
U-Haul Holding Co Series N
UHAL.B
$9.69B
| $2.08M | 0.91% |
+46,500
| New | +$2.2M |
2026 Q1
0 quarters
|
|
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Gratia Capital's Q1 2026 Portfolio in Review
As of Q1 2026, Gratia Capital held 44 positions worth $227M, up 69% from $134M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Gratia Capital's Q1 2026 filing shows 13 new, 5 increased, 10 reduced and 10 closed positions. Its largest new stake was Walker & Dunlop: 113,000 shares worth $5.01M. The largest sale was Cadiz, an estimated $5.41M.
By sector, the portfolio is most concentrated in Miscellaneous at 54% of assets, up from 17% a quarter earlier, followed by Real Estate and Industrials.
- Gratia Capital's largest Q1 2026 buy was Walker & Dunlop: 113,000 shares worth $5.01M.
- Gratia Capital added most to Franklin BSP Realty Trust in Q1 2026, an estimated $13.5M increase.
- Gratia Capital's biggest Q1 2026 reduction was Cadiz, cutting an estimated $5.41M.
- Gratia Capital fully exited Boyd Gaming in Q1 2026, selling an estimated $3.95M.
- Gratia Capital's ten largest holdings make up 72% of its $227M portfolio in Q1 2026.
- Gratia Capital opened 13 new positions and closed 10 in Q1 2026.
- Gratia Capital's portfolio value rose 69% quarter-over-quarter to $227M.
Based on Gratia Capital's 13F filing for Q1 2026, filed 15 May 2026.