GRATIA CAPITAL, LLC Hedge Fund

Location: Los Angeles, CA

CIK: 0001599793 · Show all filings

Period: Q1 2015 (← Previous) (Next →)

Filing Date: May 13, 2015

Total Value: $273M (100.0% shares, 0.0% debt)

Holdings (43)

SPY SPDR S&P 500 ETF TRUST 18.4%

Value $50.18M Shares 243,100 Est. Cost — Unrealized —

MHO M/I HOMES INC 6.2%

Value $16.91M Shares 709,236 Est. Cost $21.77 Unrealized +0.5%

— FORESTAR GROUP INC 4.5%

Value $12.3M Shares 780,309 Est. Cost $17.86 Unrealized —

PLAY DAVE & BUSTERS ENTMT INC 4.3%

Value $11.68M Shares 383,551 Est. Cost $23.82 Unrealized +25.5%

LGIH LGI HOMES INC 4.2%

Value $11.53M Shares 692,112 Est. Cost $16.25 Unrealized -13.6%

AXTA AXALTA COATING SYS LTD 4.1%

Value $11.13M Shares 402,967 Est. Cost $24.63 Unrealized +9.5%

— OUTERWALL INC 4.0%

Value $11M Shares 166,336 Est. Cost $65.80 Unrealized —

SCI SERVICE CORP INTL 3.8%

Value $10.38M Shares 398,409 Est. Cost $20.36 Unrealized +19.4%

— AMERICAN CAP LTD 3.8%

Value $10.25M Shares 693,276 Est. Cost $14.70 Unrealized —

— FOREST CITY ENTERPRISES INC 3.3%

Value $8.943M Shares 350,437 Est. Cost $23.88 Unrealized —

— STARWOOD WAYPOINT RESIDENTL 2.8%

Value $7.511M Shares 290,580 Est. Cost $25.99 Unrealized —

— MACQUARIE INFRASTR CO LLC 2.7%

Value $7.365M Shares 89,495 Est. Cost $67.86 Unrealized —

WGO WINNEBAGO INDS INC 2.7%

Value $7.264M Shares 341,677 Est. Cost $21.72 Unrealized -0.7%

NPO ENPRO INDS INC 2.6%

Value $7.183M Shares 108,919 Est. Cost $64.00 Unrealized 0.0%

— CLUBCORP HLDGS INC 2.1%

Value $5.86M Shares 302,685 Est. Cost $19.06 Unrealized —

LAMR LAMAR ADVERTISING CO NEW 2.0%

Value $5.529M Shares 93,277 Est. Cost $54.37 Unrealized —

— INTERNATIONAL SPEEDWAY CORP 2.0%

Value $5.448M Shares 167,058 Est. Cost $32.61 Unrealized —

— MASONITE INTL CORP NEW 1.9%

Value $5.226M Shares 77,703 Est. Cost $56.06 Unrealized —

— FIAT CHRYSLER AUTOMOBILES N 1.9%

Value $5.185M Shares 317,930 Est. Cost $16.31 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 1.9%

Value $5.096M Shares 138,205 Est. Cost $36.87 Unrealized —

— EQUITY COMWLTH 1.9%

Value $5.085M Shares 191,538 Est. Cost $26.18 Unrealized —

— AR CAP ACQUISITION CORP 1.9%

Value $5.075M Shares 510,000 Est. Cost $9.87 Unrealized —

— GLOBAL CASH ACCESS HLDGS INC 1.8%

Value $4.78M Shares 627,351 Est. Cost $7.62 Unrealized —

— COVANTA HLDG CORP 1.5%

Value $4.097M Shares 182,658 Est. Cost $22.43 Unrealized —

— PATRIOT NATL INC 1.4%

Value $3.81M Shares 300,000 Est. Cost $12.70 Unrealized —

WMB WILLIAMS COS INC DEL 1.4%

Value $3.81M Shares 75,307 Est. Cost $26.84 Unrealized -7.0%

— RCS CAP CORP 1.3%

Value $3.574M Shares 335,924 Est. Cost $20.03 Unrealized —

— TAUBMAN CTRS INC 1.0%

Value $2.758M Shares 35,756 Est. Cost $77.13 Unrealized —

LADR LADDER CAP CORP 1.0%

Value $2.728M Shares 147,386 Est. Cost $18.88 Unrealized —

— LEVY ACQUISITION CORP 1.0%

Value $2.665M Shares 202,665 Est. Cost $13.15 Unrealized —

— COLUMBIA PPTY TR INC 0.9%

Value $2.581M Shares 95,539 Est. Cost $25.62 Unrealized —

— RENTECH INC 0.9%

Value $2.479M Shares 2,213,286 Est. Cost $1.92 Unrealized —

— RCS CAPITAL CORP 0.9%

Value $2.41M Shares 226,500 Est. Cost $20.03 Unrealized —

REXR REXFORD INDL RLTY INC 0.8%

Value $2.213M Shares 139,950 Est. Cost $15.81 Unrealized —

— MORGANS HOTEL GROUP CO 0.6%

Value $1.746M Shares 225,315 Est. Cost $8.07 Unrealized —

— JAKKS PAC INC 0.5%

Value $1.388M Shares 202,862 Est. Cost $6.81 Unrealized —

— FLAGSTAR BANCORP INC 0.5%

Value $1.301M Shares 89,630 Est. Cost $14.52 Unrealized —

— WHEELER REAL ESTATE INVT TR 0.4%

Value $1.146M Shares 47,968 Est. Cost $23.89 Unrealized —

WLK WESTLAKE CHEM CORP 0.3%

Value $796K Shares 11,065 Est. Cost $57.80 Unrealized -5.6%

— AMERICAN REALTY CAPITAL PROP 0.3%

Value $756K Shares 76,800 Est. Cost — Unrealized —

CFG CITIZENS FINL GROUP INC 0.3%

Value $723K Shares 29,980 Est. Cost $16.71 Unrealized 0.0%

— COLONY FINL INC 0.2%

Value $548K Shares 21,140 Est. Cost $21.97 Unrealized —

CDZI CADIZ INC 0.2%

Value $436K Shares 42,530 Est. Cost $6.54 Unrealized +58.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TRUST	243,100	$50.18M	18.4%	—	—	Call	78462F103
MHO	M/I HOMES INC	709,236	$16.91M	6.2%	$21.77	+0.5%	COM	55305B101
—	FORESTAR GROUP INC	780,309	$12.3M	4.5%	$17.86	—	COM	346233109
PLAY	DAVE & BUSTERS ENTMT INC	383,551	$11.68M	4.3%	$23.82	+25.5%	COM	238337109
LGIH	LGI HOMES INC	692,112	$11.53M	4.2%	$16.25	-13.6%	COM	50187T106
AXTA	AXALTA COATING SYS LTD	402,967	$11.13M	4.1%	$24.63	+9.5%	COM	G0750C108
—	OUTERWALL INC	166,336	$11M	4.0%	$65.80	—	COM	690070107
SCI	SERVICE CORP INTL	398,409	$10.38M	3.8%	$20.36	+19.4%	COM	817565104
—	AMERICAN CAP LTD	693,276	$10.25M	3.8%	$14.70	—	COM	02503Y103
—	FOREST CITY ENTERPRISES INC	350,437	$8.943M	3.3%	$23.88	—	CL A	345550107
—	STARWOOD WAYPOINT RESIDENTL	290,580	$7.511M	2.8%	$25.99	—	COM SHS	85571W109
—	MACQUARIE INFRASTR CO LLC	89,495	$7.365M	2.7%	$67.86	—	MEMBERSHIP INT	55608B105
WGO	WINNEBAGO INDS INC	341,677	$7.264M	2.7%	$21.72	-0.7%	COM	974637100
NPO	ENPRO INDS INC	108,919	$7.183M	2.6%	$64.00	0.0%	COM	29355X107
—	CLUBCORP HLDGS INC	302,685	$5.86M	2.1%	$19.06	—	COM	18948M108
LAMR	LAMAR ADVERTISING CO NEW	93,277	$5.529M	2.0%	$54.37	—	CL A	512816109
—	INTERNATIONAL SPEEDWAY CORP	167,058	$5.448M	2.0%	$32.61	—	CL A	460335201
—	MASONITE INTL CORP NEW	77,703	$5.226M	1.9%	$56.06	—	COM	575385109
—	FIAT CHRYSLER AUTOMOBILES N	317,930	$5.185M	1.9%	$16.31	—	SHS	N31738102
GLPI	GAMING & LEISURE PPTYS INC	138,205	$5.096M	1.9%	$36.87	—	COM	36467J108
—	EQUITY COMWLTH	191,538	$5.085M	1.9%	$26.18	—	COM SH BEN INT	294628102
—	AR CAP ACQUISITION CORP	510,000	$5.075M	1.9%	$9.87	—	UNIT 99/99/9999	00191R208
—	GLOBAL CASH ACCESS HLDGS INC	627,351	$4.78M	1.8%	$7.62	—	COM	378967103
—	COVANTA HLDG CORP	182,658	$4.097M	1.5%	$22.43	—	COM	22282E102
—	PATRIOT NATL INC	300,000	$3.81M	1.4%	$12.70	—	COM	70338T102
WMB	WILLIAMS COS INC DEL	75,307	$3.81M	1.4%	$26.84	-7.0%	COM	969457100
—	RCS CAP CORP	335,924	$3.574M	1.3%	$20.03	—	COM CL A	74937W102
—	TAUBMAN CTRS INC	35,756	$2.758M	1.0%	$77.13	—	COM	876664103
LADR	LADDER CAP CORP	147,386	$2.728M	1.0%	$18.88	—	CL A	505743104
—	LEVY ACQUISITION CORP	202,665	$2.665M	1.0%	$13.15	—	COM	52748T104
—	COLUMBIA PPTY TR INC	95,539	$2.581M	0.9%	$25.62	—	COM NEW	198287203
—	RENTECH INC	2,213,286	$2.479M	0.9%	$1.92	—	COM	760112102
—	RCS CAPITAL CORP	226,500	$2.41M	0.9%	$20.03	—	Put	74937W102
REXR	REXFORD INDL RLTY INC	139,950	$2.213M	0.8%	$15.81	—	COM	76169C100
—	MORGANS HOTEL GROUP CO	225,315	$1.746M	0.6%	$8.07	—	COM	61748W108
—	JAKKS PAC INC	202,862	$1.388M	0.5%	$6.81	—	COM	47012E106
—	FLAGSTAR BANCORP INC	89,630	$1.301M	0.5%	$14.52	—	COM PAR .001	337930705
—	WHEELER REAL ESTATE INVT TR	47,968	$1.146M	0.4%	$23.89	—	CV PFD SER B	963025309
WLK	WESTLAKE CHEM CORP	11,065	$796K	0.3%	$57.80	-5.6%	COM	960413102
—	AMERICAN REALTY CAPITAL PROP	76,800	$756K	0.3%	—	—	Call	02917T104
CFG	CITIZENS FINL GROUP INC	29,980	$723K	0.3%	$16.71	0.0%	COM	174610105
—	COLONY FINL INC	21,140	$548K	0.2%	$21.97	—	COM	19624R106
CDZI	CADIZ INC	42,530	$436K	0.2%	$6.54	+58.0%	COM NEW	127537207