GRATIA CAPITAL, LLC Hedge Fund

CIK: 0001599793 · Show all filings

Period: Q2 2016 (← Previous) (Next →)

Filing Date: Aug 15, 2016

Total Value ($000): $301,417 (96.2% shares, 3.8% debt)

Holdings (32)

SPY SPDR S&P 500 ETF TR 20.9%

Value ($000) $62,859 Shares 300,000 Est. Cost — Unrealized —

— LYON WILLIAM HOMES 8.7%

Value ($000) $26,261 Shares 1,629,108 Est. Cost $16.44 Unrealized —

MHO M/I HOMES INC 7.7%

Value ($000) $23,062 Shares 1,224,757 Est. Cost $22.93 Unrealized -17.8%

NXST NEXSTAR BROADCASTING GROUP I 6.8%

Value ($000) $20,447 Shares 429,734 Est. Cost $42.22 Unrealized -8.6%

— ASHFORD HOSPITALITY PRIME IN 5.0%

Value ($000) $14,946 Shares 1,057,007 Est. Cost $14.38 Unrealized —

NXST NEXSTAR BROADCASTING GROUP I 4.8%

Value ($000) $14,455 Shares 303,800 Est. Cost $42.22 Unrealized -8.6%

— LIBERTY INTERACTIVE CORP 4.3%

Value ($000) $12,838 Shares 506,032 Est. Cost $26.25 Unrealized —

— MONOGRAM RESIDENTIAL TR INC 3.9%

Value ($000) $11,787 Shares 1,154,427 Est. Cost $10.21 Unrealized —

— MACQUARIE INFRASTRUCTURE COR 3.1%

Value ($000) $9,402 Shares 128,412 Est. Cost $71.16 Unrealized —

— FORESTAR GROUP INC 3.1%

Value ($000) $9,368 Shares 787,891 Est. Cost $15.12 Unrealized —

LIND LINDBLAD EXPEDITIONS HLDGS I 3.0%

Value ($000) $8,898 Shares 924,037 Est. Cost $9.87 Unrealized -0.7%

— AMERICAN CAP LTD 2.9%

Value ($000) $8,828 Shares 557,672 Est. Cost $15.83 Unrealized —

BALL BALL CORP 2.9%

Value ($000) $8,620 Shares 119,247 Est. Cost $30.92 Unrealized +5.7%

— ISTAR INC 2.5%

Value ($000) $7,573 Shares 7,500,000 Est. Cost $1.05 Unrealized —

PLAY DAVE & BUSTERS ENTMT INC 2.2%

Value ($000) $6,569 Shares 140,385 Est. Cost $34.16 Unrealized +21.4%

— MULTI PACKAGING SOLUTIONS IN 2.0%

Value ($000) $5,997 Shares 449,241 Est. Cost $13.35 Unrealized —

— ASHFORD HOSPITALITY PRIME IN 2.0%

Value ($000) $5,898 Shares 417,100 Est. Cost $14.38 Unrealized —

BKD BROOKDALE SR LIVING INC 1.9%

Value ($000) $5,742 Shares 371,878 Est. Cost $17.45 Unrealized 0.0%

— CONTINENTAL BLDG PRODS INC 1.8%

Value ($000) $5,508 Shares 247,791 Est. Cost $22.23 Unrealized —

— CLUBCORP HLDGS INC 1.7%

Value ($000) $5,023 Shares 386,358 Est. Cost $17.74 Unrealized —

— FOREST CITY RLTY TR INC 1.6%

Value ($000) $4,732 Shares 212,116 Est. Cost $21.09 Unrealized —

OPLN KAR AUCTION SVCS INC 1.4%

Value ($000) $4,222 Shares 101,150 Est. Cost $13.25 Unrealized +12.9%

— OUTERWALL INC 1.3%

Value ($000) $4,032 Shares 96,000 Est. Cost $42.00 Unrealized —

AXTA AXALTA COATING SYS LTD 1.0%

Value ($000) $3,093 Shares 116,594 Est. Cost $28.32 Unrealized 0.0%

— SILVER BAY RLTY TR CORP 1.0%

Value ($000) $2,927 Shares 171,881 Est. Cost $17.03 Unrealized —

— COLONY CAP INC 0.9%

Value ($000) $2,853 Shares 3,000,000 Est. Cost $0.92 Unrealized —

— NEW YORK REIT INC 0.7%

Value ($000) $2,089 Shares 225,820 Est. Cost $9.25 Unrealized —

— REALOGY HLDGS CORP 0.5%

Value ($000) $1,370 Shares 47,207 Est. Cost $29.02 Unrealized —

— COLONY CAP INC 0.3%

Value ($000) $954 Shares 1,000,000 Est. Cost $0.95 Unrealized —

— ASHFORD HOSPITALITY PRIME IN 0.2%

Value ($000) $598 Shares 26,500 Est. Cost $22.57 Unrealized —

ACRE ARES COML REAL ESTATE CORP 0.1%

Value ($000) $242 Shares 19,651 Est. Cost $12.31 Unrealized —

— ASHFORD INC 0.1%

Value ($000) $224 Shares 4,482 Est. Cost $49.98 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	300,000	$62,859	20.9%	—	—	Call	78462F103
—	LYON WILLIAM HOMES	1,629,108	$26,261	8.7%	$16.44	—	CL A NEW	552074700
MHO	M/I HOMES INC	1,224,757	$23,062	7.7%	$22.93	-17.8%	COM	55305B101
NXST	NEXSTAR BROADCASTING GROUP I	429,734	$20,447	6.8%	$42.22	-8.6%	CL A	65336K103
—	ASHFORD HOSPITALITY PRIME IN	1,057,007	$14,946	5.0%	$14.38	—	COM	044102101
NXST	NEXSTAR BROADCASTING GROUP I	303,800	$14,455	4.8%	$42.22	-8.6%	Put	65336K103
—	LIBERTY INTERACTIVE CORP	506,032	$12,838	4.3%	$26.25	—	QVC GP COM SER A	53071M104
—	MONOGRAM RESIDENTIAL TR INC	1,154,427	$11,787	3.9%	$10.21	—	COM	60979P105
—	MACQUARIE INFRASTRUCTURE COR	128,412	$9,402	3.1%	$71.16	—	COM	55608B105
—	FORESTAR GROUP INC	787,891	$9,368	3.1%	$15.12	—	COM	346233109
LIND	LINDBLAD EXPEDITIONS HLDGS I	924,037	$8,898	3.0%	$9.87	-0.7%	COM	535219109
—	AMERICAN CAP LTD	557,672	$8,828	2.9%	$15.83	—	COM	02503Y103
BALL	BALL CORP	119,247	$8,620	2.9%	$30.92	+5.7%	COM	058498106
—	ISTAR INC	7,500,000	$7,573	2.5%	$1.05	—	NOTE 3.000%11/1	45031UBR1
PLAY	DAVE & BUSTERS ENTMT INC	140,385	$6,569	2.2%	$34.16	+21.4%	COM	238337109
—	MULTI PACKAGING SOLUTIONS IN	449,241	$5,997	2.0%	$13.35	—	COM	G6331W109
—	ASHFORD HOSPITALITY PRIME IN	417,100	$5,898	2.0%	$14.38	—	Call	044102101
BKD	BROOKDALE SR LIVING INC	371,878	$5,742	1.9%	$17.45	0.0%	COM	112463104
—	CONTINENTAL BLDG PRODS INC	247,791	$5,508	1.8%	$22.23	—	COM	211171103
—	CLUBCORP HLDGS INC	386,358	$5,023	1.7%	$17.74	—	COM	18948M108
—	FOREST CITY RLTY TR INC	212,116	$4,732	1.6%	$21.09	—	COM CL A	345605109
OPLN	KAR AUCTION SVCS INC	101,150	$4,222	1.4%	$13.25	+12.9%	COM	48238T109
—	OUTERWALL INC	96,000	$4,032	1.3%	$42.00	—	COM	690070107
AXTA	AXALTA COATING SYS LTD	116,594	$3,093	1.0%	$28.32	0.0%	COM	G0750C108
—	SILVER BAY RLTY TR CORP	171,881	$2,927	1.0%	$17.03	—	COM	82735Q102
—	COLONY CAP INC	3,000,000	$2,853	0.9%	$0.92	—	NOTE 3.875% 1/1	19624RAB2
—	NEW YORK REIT INC	225,820	$2,089	0.7%	$9.25	—	COM	64976L109
—	REALOGY HLDGS CORP	47,207	$1,370	0.5%	$29.02	—	COM	75605Y106
—	COLONY CAP INC	1,000,000	$954	0.3%	$0.95	—	NOTE 5.000% 4/1	19624RAA4
—	ASHFORD HOSPITALITY PRIME IN	26,500	$598	0.2%	$22.57	—	PFD CV SER B	044102507
ACRE	ARES COML REAL ESTATE CORP	19,651	$242	0.1%	$12.31	—	COM	04013V108
—	ASHFORD INC	4,482	$224	0.1%	$49.98	—	COM	044104107