GRATIA CAPITAL, LLC Hedge Fund

CIK: 0001599793 · Show all filings

Period: Q4 2015 (← Previous) (Next →)

Filing Date: Feb 12, 2016

Total Value ($000): $545,081 (100.0% shares, 0.0% debt)

Holdings (39)

SPY SPDR S&P 500 ETF TRUST 26.6%

Value ($000) $145,196 Shares 712,200 Est. Cost — Unrealized —

NXST NEXSTAR BROADCASTING GROUP I 6.6%

Value ($000) $35,965 Shares 612,699 Est. Cost $42.22 Unrealized 0.0%

MHO M/I HOMES INC 6.2%

Value ($000) $33,747 Shares 1,539,569 Est. Cost $22.93 Unrealized +0.1%

— FOREST CITY ENTERPRISES INC 5.5%

Value ($000) $30,168 Shares 1,375,627 Est. Cost $21.33 Unrealized —

— ISTAR INC 5.1%

Value ($000) $27,825 Shares 2,372,091 Est. Cost $12.80 Unrealized —

NXST NEXSTAR BROADCASTING GROUP-A 4.8%

Value ($000) $26,415 Shares 450,000 Est. Cost $42.22 Unrealized 0.0%

— LYON WILLIAM HOMES 4.5%

Value ($000) $24,768 Shares 1,501,098 Est. Cost $16.50 Unrealized —

LIND LINDBLAD EXPEDITIONS HLDGS I 3.7%

Value ($000) $19,980 Shares 1,798,384 Est. Cost $9.87 Unrealized +7.0%

— FORESTAR GROUP INC 2.7%

Value ($000) $14,493 Shares 1,324,752 Est. Cost $15.12 Unrealized —

— COVANTA HLDG CORP 2.6%

Value ($000) $14,228 Shares 918,514 Est. Cost $17.40 Unrealized —

PLAY DAVE & BUSTERS ENTMT INC 2.2%

Value ($000) $12,199 Shares 292,258 Est. Cost $30.67 Unrealized +27.5%

— ASHFORD HOSPITALITY PRIME IN 1.9%

Value ($000) $10,525 Shares 725,867 Est. Cost $14.50 Unrealized —

— KAYNE ANDERSON MLP INVT CO 1.9%

Value ($000) $10,138 Shares 586,339 Est. Cost $17.29 Unrealized —

— LIBERTY INTERACTIVE CORP 1.8%

Value ($000) $9,999 Shares 365,981 Est. Cost $26.62 Unrealized —

— ASHFORD HOSPITALITY TR INC 1.8%

Value ($000) $9,821 Shares 1,556,352 Est. Cost $6.31 Unrealized —

— STARWOOD WAYPOINT RESIDENTL 1.7%

Value ($000) $9,498 Shares 419,528 Est. Cost $25.07 Unrealized —

— MULTI PACKAGING SOLUTIONS IN 1.7%

Value ($000) $9,315 Shares 536,885 Est. Cost $17.35 Unrealized —

— REALOGY HLDGS CORP 1.6%

Value ($000) $8,732 Shares 238,134 Est. Cost $36.67 Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 1.5%

Value ($000) $8,422 Shares 342,787 Est. Cost $25.65 Unrealized -0.1%

CPRT COPART INC 1.5%

Value ($000) $8,384 Shares 220,570 Est. Cost $4.42 Unrealized +4.5%

— CDK GLOBAL INC 1.4%

Value ($000) $7,812 Shares 164,571 Est. Cost $52.52 Unrealized —

— OCH-ZIFF CAPITAL MANAGEMENT 1.3%

Value ($000) $7,052 Shares 1,131,900 Est. Cost — Unrealized —

LGIH LGI HOMES INC 1.1%

Value ($000) $6,083 Shares 250,000 Est. Cost $16.25 Unrealized +79.5%

— FIAT CHRYSLER AUTOMOBILES N 1.1%

Value ($000) $5,978 Shares 427,329 Est. Cost $13.99 Unrealized —

IWM ISHARES RUSSELL 2000 ETF 1.0%

Value ($000) $5,631 Shares 50,000 Est. Cost — Unrealized —

— TRAVELPORT WORLDWIDE LTD 1.0%

Value ($000) $5,513 Shares 427,399 Est. Cost $12.90 Unrealized —

— EXTERRAN CORP 1.0%

Value ($000) $5,428 Shares 338,180 Est. Cost $16.05 Unrealized —

— CLUBCORP HLDGS INC 0.9%

Value ($000) $4,838 Shares 264,832 Est. Cost $19.68 Unrealized —

— TAUBMAN CTRS INC 0.9%

Value ($000) $4,697 Shares 61,225 Est. Cost $73.78 Unrealized —

DEI DOUGLAS EMMETT INC 0.8%

Value ($000) $4,590 Shares 147,212 Est. Cost $28.72 Unrealized —

— HILTON WORLDWIDE HLDGS INC 0.8%

Value ($000) $4,257 Shares 198,933 Est. Cost $21.40 Unrealized —

— PATRIOT NATL INC 0.5%

Value ($000) $2,617 Shares 389,964 Est. Cost $10.16 Unrealized —

— COLONY CAP INC 0.5%

Value ($000) $2,616 Shares 134,292 Est. Cost $19.87 Unrealized —

— TRONOX LTD 0.5%

Value ($000) $2,546 Shares 651,242 Est. Cost $3.91 Unrealized —

— BLUEROCK RESIDENTIAL GRW REI 0.4%

Value ($000) $1,996 Shares 168,465 Est. Cost $12.32 Unrealized —

LZB LA Z BOY INC 0.4%

Value ($000) $1,928 Shares 78,968 Est. Cost $26.55 Unrealized +1.1%

— FORESTAR GROUP INC 0.1%

Value ($000) $803 Shares 1,000,000 Est. Cost $0.80 Unrealized —

— PRUDENTIAL GLB SHT DUR HG YL 0.1%

Value ($000) $802 Shares 56,685 Est. Cost $14.15 Unrealized —

— BLACKROCK DEBT STRAT FD INC 0.0%

Value ($000) $76 Shares 22,548 Est. Cost $3.37 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TRUST	712,200	$145,196	26.6%	—	—	Call	78462F103
NXST	NEXSTAR BROADCASTING GROUP I	612,699	$35,965	6.6%	$42.22	0.0%	CL A	65336K103
MHO	M/I HOMES INC	1,539,569	$33,747	6.2%	$22.93	+0.1%	COM	55305B101
—	FOREST CITY ENTERPRISES INC	1,375,627	$30,168	5.5%	$21.33	—	CL A	345550107
—	ISTAR INC	2,372,091	$27,825	5.1%	$12.80	—	COM	45031U101
NXST	NEXSTAR BROADCASTING GROUP-A	450,000	$26,415	4.8%	$42.22	0.0%	Put	65336K103
—	LYON WILLIAM HOMES	1,501,098	$24,768	4.5%	$16.50	—	CL A NEW	552074700
LIND	LINDBLAD EXPEDITIONS HLDGS I	1,798,384	$19,980	3.7%	$9.87	+7.0%	COM	535219109
—	FORESTAR GROUP INC	1,324,752	$14,493	2.7%	$15.12	—	COM	346233109
—	COVANTA HLDG CORP	918,514	$14,228	2.6%	$17.40	—	COM	22282E102
PLAY	DAVE & BUSTERS ENTMT INC	292,258	$12,199	2.2%	$30.67	+27.5%	COM	238337109
—	ASHFORD HOSPITALITY PRIME IN	725,867	$10,525	1.9%	$14.50	—	COM	044102101
—	KAYNE ANDERSON MLP INVT CO	586,339	$10,138	1.9%	$17.29	—	COM	486606106
—	LIBERTY INTERACTIVE CORP	365,981	$9,999	1.8%	$26.62	—	QVC GP COM SER A	53071M104
—	ASHFORD HOSPITALITY TR INC	1,556,352	$9,821	1.8%	$6.31	—	COM SHS	044103109
—	STARWOOD WAYPOINT RESIDENTL	419,528	$9,498	1.7%	$25.07	—	COM SHS	85571W109
—	MULTI PACKAGING SOLUTIONS IN	536,885	$9,315	1.7%	$17.35	—	COM	G6331W109
—	REALOGY HLDGS CORP	238,134	$8,732	1.6%	$36.67	—	COM	75605Y106
LYV	LIVE NATION ENTERTAINMENT IN	342,787	$8,422	1.5%	$25.65	-0.1%	COM	538034109
CPRT	COPART INC	220,570	$8,384	1.5%	$4.42	+4.5%	COM	217204106
—	CDK GLOBAL INC	164,571	$7,812	1.4%	$52.52	—	COM	12508E101
—	OCH-ZIFF CAPITAL MANAGEMENT	1,131,900	$7,052	1.3%	—	—	Call	67551U105
LGIH	LGI HOMES INC	250,000	$6,083	1.1%	$16.25	+79.5%	COM	50187T106
—	FIAT CHRYSLER AUTOMOBILES N	427,329	$5,978	1.1%	$13.99	—	SHS	N31738102
IWM	ISHARES RUSSELL 2000 ETF	50,000	$5,631	1.0%	—	—	Call	464287655
—	TRAVELPORT WORLDWIDE LTD	427,399	$5,513	1.0%	$12.90	—	SHS	G9019D104
—	EXTERRAN CORP	338,180	$5,428	1.0%	$16.05	—	COM	30227H106
—	CLUBCORP HLDGS INC	264,832	$4,838	0.9%	$19.68	—	COM	18948M108
—	TAUBMAN CTRS INC	61,225	$4,697	0.9%	$73.78	—	COM	876664103
DEI	DOUGLAS EMMETT INC	147,212	$4,590	0.8%	$28.72	—	COM	25960P109
—	HILTON WORLDWIDE HLDGS INC	198,933	$4,257	0.8%	$21.40	—	COM	43300A104
—	PATRIOT NATL INC	389,964	$2,617	0.5%	$10.16	—	COM	70338T102
—	COLONY CAP INC	134,292	$2,616	0.5%	$19.87	—	CL A	19624R106
—	TRONOX LTD	651,242	$2,546	0.5%	$3.91	—	SHS CL A	Q9235V101
—	BLUEROCK RESIDENTIAL GRW REI	168,465	$1,996	0.4%	$12.32	—	COM CL A	09627J102
LZB	LA Z BOY INC	78,968	$1,928	0.4%	$26.55	+1.1%	COM	505336107
—	FORESTAR GROUP INC	1,000,000	$803	0.1%	$0.80	—	NOTE 3.750% 3/0	346232AB7
—	PRUDENTIAL GLB SHT DUR HG YL	56,685	$802	0.1%	$14.15	—	COM	74433A109
—	BLACKROCK DEBT STRAT FD INC	22,548	$76	0.0%	$3.37	—	COM	09255R103