GRATIA CAPITAL, LLC Hedge Fund

CIK: 0001599793 · Show all filings

Period: Q1 2016 (← Previous) (Next →)

Filing Date: May 13, 2016

Total Value ($000): $276,227 (96.2% shares, 3.8% debt)

Holdings (28)

SPY SPDR S&P 500 ETF TR 13.4%

Value ($000) $36,994 Shares 180,000 Est. Cost — Unrealized —

PLAY DAVE & BUSTERS ENTMT INC 10.0%

Value ($000) $27,730 Shares 715,058 Est. Cost $34.16 Unrealized +7.1%

NXST NEXSTAR BROADCASTING GROUP I 9.8%

Value ($000) $27,093 Shares 611,984 Est. Cost $42.22 Unrealized -17.7%

MHO M/I HOMES INC 8.5%

Value ($000) $23,553 Shares 1,262,880 Est. Cost $22.93 Unrealized -21.6%

— LYON WILLIAM HOMES 8.0%

Value ($000) $22,208 Shares 1,532,671 Est. Cost $16.46 Unrealized —

— FOREST CITY RLTY TR INC 6.8%

Value ($000) $18,728 Shares 888,009 Est. Cost $21.09 Unrealized —

— FORESTAR GROUP INC 4.2%

Value ($000) $11,551 Shares 885,789 Est. Cost $15.12 Unrealized —

— LIBERTY INTERACTIVE CORP 4.2%

Value ($000) $11,532 Shares 456,716 Est. Cost $26.35 Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 3.5%

Value ($000) $9,643 Shares 432,231 Est. Cost $24.86 Unrealized -12.1%

LIND LINDBLAD EXPEDITIONS HLDGS I 3.4%

Value ($000) $9,314 Shares 936,973 Est. Cost $9.87 Unrealized +2.2%

OPLN KAR AUCTION SVCS INC 3.3%

Value ($000) $9,098 Shares 238,535 Est. Cost $13.25 Unrealized 0.0%

— ASHFORD HOSPITALITY PRIME IN 2.9%

Value ($000) $8,068 Shares 691,360 Est. Cost $14.50 Unrealized —

— ISTAR INC 2.8%

Value ($000) $7,841 Shares 7,500,000 Est. Cost $1.05 Unrealized —

— COLONY STARWOOD HOMES 2.8%

Value ($000) $7,725 Shares 312,111 Est. Cost $24.75 Unrealized —

BALL BALL CORP 2.8%

Value ($000) $7,643 Shares 107,217 Est. Cost $30.72 Unrealized 0.0%

PRKS SEAWORLD ENTMT INC 2.7%

Value ($000) $7,462 Shares 354,308 Est. Cost $18.69 Unrealized 0.0%

— CLUBCORP HLDGS INC 1.7%

Value ($000) $4,561 Shares 324,879 Est. Cost $18.63 Unrealized —

DEI DOUGLAS EMMETT INC 1.6%

Value ($000) $4,433 Shares 147,212 Est. Cost $28.72 Unrealized —

— MEDIA GEN INC NEW 1.4%

Value ($000) $3,854 Shares 236,278 Est. Cost $16.31 Unrealized —

— COLONY CAP INC 1.3%

Value ($000) $3,653 Shares 217,857 Est. Cost $18.68 Unrealized —

LGIH LGI HOMES INC 1.3%

Value ($000) $3,464 Shares 143,100 Est. Cost $16.25 Unrealized +37.0%

— MACQUARIE INFRASTRUCTURE COR 1.1%

Value ($000) $3,086 Shares 45,765 Est. Cost $67.43 Unrealized —

STC STEWART INFORMATION SVCS COR 0.7%

Value ($000) $2,039 Shares 56,200 Est. Cost $33.89 Unrealized 0.0%

— COLONY CAP INC 0.7%

Value ($000) $1,806 Shares 2,000,000 Est. Cost $0.90 Unrealized —

— RETAILMENOT INC 0.5%

Value ($000) $1,354 Shares 169,059 Est. Cost $8.01 Unrealized —

— FORESTAR GROUP INC 0.3%

Value ($000) $864 Shares 1,000,000 Est. Cost $0.80 Unrealized —

— VALEANT PHARMACEUTICALS INTL 0.2%

Value ($000) $670 Shares 25,469 Est. Cost $26.31 Unrealized —

LZB LA Z BOY INC 0.1%

Value ($000) $260 Shares 9,711 Est. Cost $26.55 Unrealized -11.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	180,000	$36,994	13.4%	—	—	Call	78462F103
PLAY	DAVE & BUSTERS ENTMT INC	715,058	$27,730	10.0%	$34.16	+7.1%	COM	238337109
NXST	NEXSTAR BROADCASTING GROUP I	611,984	$27,093	9.8%	$42.22	-17.7%	CL A	65336K103
MHO	M/I HOMES INC	1,262,880	$23,553	8.5%	$22.93	-21.6%	COM	55305B101
—	LYON WILLIAM HOMES	1,532,671	$22,208	8.0%	$16.46	—	CL A NEW	552074700
—	FOREST CITY RLTY TR INC	888,009	$18,728	6.8%	$21.09	—	COM CL A	345605109
—	FORESTAR GROUP INC	885,789	$11,551	4.2%	$15.12	—	COM	346233109
—	LIBERTY INTERACTIVE CORP	456,716	$11,532	4.2%	$26.35	—	QVC GP COM SER A	53071M104
LYV	LIVE NATION ENTERTAINMENT IN	432,231	$9,643	3.5%	$24.86	-12.1%	COM	538034109
LIND	LINDBLAD EXPEDITIONS HLDGS I	936,973	$9,314	3.4%	$9.87	+2.2%	COM	535219109
OPLN	KAR AUCTION SVCS INC	238,535	$9,098	3.3%	$13.25	0.0%	COM	48238T109
—	ASHFORD HOSPITALITY PRIME IN	691,360	$8,068	2.9%	$14.50	—	COM	044102101
—	ISTAR INC	7,500,000	$7,841	2.8%	$1.05	—	NOTE 3.000%11/1	45031UBR1
—	COLONY STARWOOD HOMES	312,111	$7,725	2.8%	$24.75	—	COM	19625X102
BALL	BALL CORP	107,217	$7,643	2.8%	$30.72	0.0%	COM	058498106
PRKS	SEAWORLD ENTMT INC	354,308	$7,462	2.7%	$18.69	0.0%	COM	81282V100
—	CLUBCORP HLDGS INC	324,879	$4,561	1.7%	$18.63	—	COM	18948M108
DEI	DOUGLAS EMMETT INC	147,212	$4,433	1.6%	$28.72	—	COM	25960P109
—	MEDIA GEN INC NEW	236,278	$3,854	1.4%	$16.31	—	COM	58441K100
—	COLONY CAP INC	217,857	$3,653	1.3%	$18.68	—	CL A	19624R106
LGIH	LGI HOMES INC	143,100	$3,464	1.3%	$16.25	+37.0%	COM	50187T106
—	MACQUARIE INFRASTRUCTURE COR	45,765	$3,086	1.1%	$67.43	—	COM	55608B105
STC	STEWART INFORMATION SVCS COR	56,200	$2,039	0.7%	$33.89	0.0%	COM	860372101
—	COLONY CAP INC	2,000,000	$1,806	0.7%	$0.90	—	NOTE 3.875% 1/1	19624RAB2
—	RETAILMENOT INC	169,059	$1,354	0.5%	$8.01	—	COM SER 1	76132B106
—	FORESTAR GROUP INC	1,000,000	$864	0.3%	$0.80	—	NOTE 3.750% 3/0	346232AB7
—	VALEANT PHARMACEUTICALS INTL	25,469	$670	0.2%	$26.31	—	COM	91911K102
LZB	LA Z BOY INC	9,711	$260	0.1%	$26.55	-11.9%	COM	505336107