GRATIA CAPITAL, LLC Hedge Fund

Location: Los Angeles, CA

CIK: 0001599793 · Show all filings

Period: Q4 2015 (← Previous) (Next →)

Filing Date: Feb 12, 2016

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

Holdings (39)

SPY SPDR S&P 500 ETF TRUST 26.6%

Value $145M Shares 712,200 Est. Cost — Unrealized —

NXST NEXSTAR BROADCASTING GROUP I 6.6%

Value $35.97M Shares 612,699 Est. Cost $42.22 Unrealized 0.0%

MHO M/I HOMES INC 6.2%

Value $33.75M Shares 1,539,569 Est. Cost $22.93 Unrealized +0.1%

— FOREST CITY ENTERPRISES INC 5.5%

Value $30.17M Shares 1,375,627 Est. Cost $21.33 Unrealized —

— ISTAR INC 5.1%

Value $27.82M Shares 2,372,091 Est. Cost $12.80 Unrealized —

NXST NEXSTAR BROADCASTING GROUP-A 4.8%

Value $26.41M Shares 450,000 Est. Cost $42.22 Unrealized 0.0%

— LYON WILLIAM HOMES 4.5%

Value $24.77M Shares 1,501,098 Est. Cost $16.50 Unrealized —

LIND LINDBLAD EXPEDITIONS HLDGS I 3.7%

Value $19.98M Shares 1,798,384 Est. Cost $9.87 Unrealized +7.0%

— FORESTAR GROUP INC 2.7%

Value $14.49M Shares 1,324,752 Est. Cost $15.12 Unrealized —

— COVANTA HLDG CORP 2.6%

Value $14.23M Shares 918,514 Est. Cost $17.40 Unrealized —

PLAY DAVE & BUSTERS ENTMT INC 2.2%

Value $12.2M Shares 292,258 Est. Cost $30.67 Unrealized +27.5%

— ASHFORD HOSPITALITY PRIME IN 1.9%

Value $10.53M Shares 725,867 Est. Cost $14.50 Unrealized —

— KAYNE ANDERSON MLP INVT CO 1.9%

Value $10.14M Shares 586,339 Est. Cost $17.29 Unrealized —

— LIBERTY INTERACTIVE CORP 1.8%

Value $9.999M Shares 365,981 Est. Cost $26.62 Unrealized —

— ASHFORD HOSPITALITY TR INC 1.8%

Value $9.821M Shares 1,556,352 Est. Cost $6.31 Unrealized —

— STARWOOD WAYPOINT RESIDENTL 1.7%

Value $9.498M Shares 419,528 Est. Cost $25.07 Unrealized —

— MULTI PACKAGING SOLUTIONS IN 1.7%

Value $9.315M Shares 536,885 Est. Cost $17.35 Unrealized —

— REALOGY HLDGS CORP 1.6%

Value $8.732M Shares 238,134 Est. Cost $36.67 Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 1.5%

Value $8.422M Shares 342,787 Est. Cost $25.65 Unrealized -0.1%

CPRT COPART INC 1.5%

Value $8.384M Shares 220,570 Est. Cost $4.42 Unrealized +4.5%

— CDK GLOBAL INC 1.4%

Value $7.812M Shares 164,571 Est. Cost $52.52 Unrealized —

— OCH-ZIFF CAPITAL MANAGEMENT 1.3%

Value $7.052M Shares 1,131,900 Est. Cost — Unrealized —

LGIH LGI HOMES INC 1.1%

Value $6.083M Shares 250,000 Est. Cost $16.25 Unrealized +79.5%

— FIAT CHRYSLER AUTOMOBILES N 1.1%

Value $5.978M Shares 427,329 Est. Cost $13.99 Unrealized —

IWM ISHARES RUSSELL 2000 ETF 1.0%

Value $5.631M Shares 50,000 Est. Cost — Unrealized —

— TRAVELPORT WORLDWIDE LTD 1.0%

Value $5.513M Shares 427,399 Est. Cost $12.90 Unrealized —

— EXTERRAN CORP 1.0%

Value $5.428M Shares 338,180 Est. Cost $16.05 Unrealized —

— CLUBCORP HLDGS INC 0.9%

Value $4.838M Shares 264,832 Est. Cost $19.68 Unrealized —

— TAUBMAN CTRS INC 0.9%

Value $4.697M Shares 61,225 Est. Cost $73.78 Unrealized —

DEI DOUGLAS EMMETT INC 0.8%

Value $4.59M Shares 147,212 Est. Cost $28.72 Unrealized —

— HILTON WORLDWIDE HLDGS INC 0.8%

Value $4.257M Shares 198,933 Est. Cost $21.40 Unrealized —

— PATRIOT NATL INC 0.5%

Value $2.617M Shares 389,964 Est. Cost $10.16 Unrealized —

— COLONY CAP INC 0.5%

Value $2.616M Shares 134,292 Est. Cost $19.87 Unrealized —

— TRONOX LTD 0.5%

Value $2.546M Shares 651,242 Est. Cost $3.91 Unrealized —

— BLUEROCK RESIDENTIAL GRW REI 0.4%

Value $1.996M Shares 168,465 Est. Cost $12.32 Unrealized —

LZB LA Z BOY INC 0.4%

Value $1.928M Shares 78,968 Est. Cost $26.55 Unrealized +1.1%

— FORESTAR GROUP INC 0.1%

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

— PRUDENTIAL GLB SHT DUR HG YL 0.1%

Value $802K Shares 56,685 Est. Cost $14.15 Unrealized —

— BLACKROCK DEBT STRAT FD INC 0.0%

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

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TRUST	712,200	$145M	26.6%	—	—	Call	78462F103
NXST	NEXSTAR BROADCASTING GROUP I	612,699	$35.97M	6.6%	$42.22	0.0%	CL A	65336K103
MHO	M/I HOMES INC	1,539,569	$33.75M	6.2%	$22.93	+0.1%	COM	55305B101
—	FOREST CITY ENTERPRISES INC	1,375,627	$30.17M	5.5%	$21.33	—	CL A	345550107
—	ISTAR INC	2,372,091	$27.82M	5.1%	$12.80	—	COM	45031U101
NXST	NEXSTAR BROADCASTING GROUP-A	450,000	$26.41M	4.8%	$42.22	0.0%	Put	65336K103
—	LYON WILLIAM HOMES	1,501,098	$24.77M	4.5%	$16.50	—	CL A NEW	552074700
LIND	LINDBLAD EXPEDITIONS HLDGS I	1,798,384	$19.98M	3.7%	$9.87	+7.0%	COM	535219109
—	FORESTAR GROUP INC	1,324,752	$14.49M	2.7%	$15.12	—	COM	346233109
—	COVANTA HLDG CORP	918,514	$14.23M	2.6%	$17.40	—	COM	22282E102
PLAY	DAVE & BUSTERS ENTMT INC	292,258	$12.2M	2.2%	$30.67	+27.5%	COM	238337109
—	ASHFORD HOSPITALITY PRIME IN	725,867	$10.53M	1.9%	$14.50	—	COM	044102101
—	KAYNE ANDERSON MLP INVT CO	586,339	$10.14M	1.9%	$17.29	—	COM	486606106
—	LIBERTY INTERACTIVE CORP	365,981	$9.999M	1.8%	$26.62	—	QVC GP COM SER A	53071M104
—	ASHFORD HOSPITALITY TR INC	1,556,352	$9.821M	1.8%	$6.31	—	COM SHS	044103109
—	STARWOOD WAYPOINT RESIDENTL	419,528	$9.498M	1.7%	$25.07	—	COM SHS	85571W109
—	MULTI PACKAGING SOLUTIONS IN	536,885	$9.315M	1.7%	$17.35	—	COM	G6331W109
—	REALOGY HLDGS CORP	238,134	$8.732M	1.6%	$36.67	—	COM	75605Y106
LYV	LIVE NATION ENTERTAINMENT IN	342,787	$8.422M	1.5%	$25.65	-0.1%	COM	538034109
CPRT	COPART INC	220,570	$8.384M	1.5%	$4.42	+4.5%	COM	217204106
—	CDK GLOBAL INC	164,571	$7.812M	1.4%	$52.52	—	COM	12508E101
—	OCH-ZIFF CAPITAL MANAGEMENT	1,131,900	$7.052M	1.3%	—	—	Call	67551U105
LGIH	LGI HOMES INC	250,000	$6.083M	1.1%	$16.25	+79.5%	COM	50187T106
—	FIAT CHRYSLER AUTOMOBILES N	427,329	$5.978M	1.1%	$13.99	—	SHS	N31738102
IWM	ISHARES RUSSELL 2000 ETF	50,000	$5.631M	1.0%	—	—	Call	464287655
—	TRAVELPORT WORLDWIDE LTD	427,399	$5.513M	1.0%	$12.90	—	SHS	G9019D104
—	EXTERRAN CORP	338,180	$5.428M	1.0%	$16.05	—	COM	30227H106
—	CLUBCORP HLDGS INC	264,832	$4.838M	0.9%	$19.68	—	COM	18948M108
—	TAUBMAN CTRS INC	61,225	$4.697M	0.9%	$73.78	—	COM	876664103
DEI	DOUGLAS EMMETT INC	147,212	$4.59M	0.8%	$28.72	—	COM	25960P109
—	HILTON WORLDWIDE HLDGS INC	198,933	$4.257M	0.8%	$21.40	—	COM	43300A104
—	PATRIOT NATL INC	389,964	$2.617M	0.5%	$10.16	—	COM	70338T102
—	COLONY CAP INC	134,292	$2.616M	0.5%	$19.87	—	CL A	19624R106
—	TRONOX LTD	651,242	$2.546M	0.5%	$3.91	—	SHS CL A	Q9235V101
—	BLUEROCK RESIDENTIAL GRW REI	168,465	$1.996M	0.4%	$12.32	—	COM CL A	09627J102
LZB	LA Z BOY INC	78,968	$1.928M	0.4%	$26.55	+1.1%	COM	505336107
—	FORESTAR GROUP INC	1,000,000	$803K	0.1%	$0.80	—	NOTE 3.750% 3/0	346232AB7
—	PRUDENTIAL GLB SHT DUR HG YL	56,685	$802K	0.1%	$14.15	—	COM	74433A109
—	BLACKROCK DEBT STRAT FD INC	22,548	$76,000	0.0%	$3.37	—	COM	09255R103