GRATIA CAPITAL, LLC Hedge Fund

CIK: 0001599793 · Show all filings

Period: Q3 2017 (← Previous) (Next →)

Filing Date: Nov 14, 2017

Total Value ($000): $253,040 (99.6% shares, 0.4% debt)

Holdings (40)

LGIH LGI HOMES INC 10.9%

Value ($000) $27,615 Shares 568,561 Est. Cost $33.56 Unrealized +32.4%

NXST NEXSTAR MEDIA GROUP INC 9.0%

Value ($000) $22,795 Shares 365,898 Est. Cost $49.53 Unrealized -1.5%

XRT SPDR SERIES TRUST 8.6%

Value ($000) $21,784 Shares 521,531 Est. Cost $41.82 Unrealized —

CCS CENTURY CMNTYS INC 7.3%

Value ($000) $18,498 Shares 748,926 Est. Cost $22.81 Unrealized -0.3%

IWM ISHARES TR 6.4%

Value ($000) $16,166 Shares 109,100 Est. Cost $148.18 Unrealized —

— FOUNDATION BLDG MATLS INC 6.3%

Value ($000) $15,960 Shares 1,128,708 Est. Cost $15.50 Unrealized —

NXST NEXSTAR MEDIA GROUP INC 3.2%

Value ($000) $8,161 Shares 131,000 Est. Cost $49.53 Unrealized -1.5%

SPY SPDR S&P 500 ETF TR 3.1%

Value ($000) $7,906 Shares 31,470 Est. Cost $251.22 Unrealized —

GAP GAP INC DEL 3.0%

Value ($000) $7,530 Shares 255,000 Est. Cost — Unrealized —

— TRAVELPORT WORLDWIDE LTD 2.6%

Value ($000) $6,644 Shares 423,168 Est. Cost $13.43 Unrealized —

— SINCLAIR BROADCAST GROUP INC 2.4%

Value ($000) $6,016 Shares 187,700 Est. Cost $32.05 Unrealized —

GAP GAP INC DEL 2.3%

Value ($000) $5,906 Shares 200,000 Est. Cost — Unrealized —

— ALTISOURCE RESIDENTIAL CORP 2.1%

Value ($000) $5,288 Shares 475,976 Est. Cost $15.13 Unrealized —

— VENATOR MATLS PLC 2.1%

Value ($000) $5,189 Shares 229,595 Est. Cost $22.60 Unrealized —

LIND LINDBLAD EXPEDITIONS HLDGS I 2.0%

Value ($000) $5,169 Shares 483,112 Est. Cost $9.87 Unrealized +6.1%

XLY SELECT SECTOR SPDR TR 2.0%

Value ($000) $5,165 Shares 57,341 Est. Cost $87.95 Unrealized —

— NATIONAL CINEMEDIA INC 1.9%

Value ($000) $4,921 Shares 705,010 Est. Cost $7.39 Unrealized —

PETS PETMED EXPRESS INC 1.9%

Value ($000) $4,916 Shares 148,300 Est. Cost $40.71 Unrealized 0.0%

DDS DILLARDS INC 1.9%

Value ($000) $4,766 Shares 85,000 Est. Cost — Unrealized —

— SINCLAIR BROADCAST GROUP INC 1.8%

Value ($000) $4,602 Shares 143,574 Est. Cost $32.05 Unrealized —

ARCC ARES CAP CORP 1.8%

Value ($000) $4,432 Shares 270,403 Est. Cost $7.43 Unrealized -2.0%

— GIGAMON INC 1.7%

Value ($000) $4,384 Shares 104,011 Est. Cost $39.35 Unrealized —

— GMS INC 1.6%

Value ($000) $3,966 Shares 112,027 Est. Cost $35.40 Unrealized —

ZUMZ ZUMIEZ INC 1.5%

Value ($000) $3,801 Shares 210,000 Est. Cost — Unrealized —

— SPIRIT RLTY CAP INC NEW 1.4%

Value ($000) $3,609 Shares 421,089 Est. Cost $8.57 Unrealized —

— LA QUINTA HLDGS INC 1.4%

Value ($000) $3,598 Shares 205,584 Est. Cost $17.50 Unrealized —

— LIFE STORAGE INC 1.4%

Value ($000) $3,432 Shares 41,947 Est. Cost $81.82 Unrealized —

UPBD RENT A CTR INC NEW 1.0%

Value ($000) $2,643 Shares 230,189 Est. Cost $11.30 Unrealized +9.4%

— CF CORP 0.9%

Value ($000) $2,315 Shares 206,728 Est. Cost $11.20 Unrealized —

— LIBERTY EXPEDIA HOLDINGS 0.9%

Value ($000) $2,273 Shares 42,804 Est. Cost $39.67 Unrealized —

— MACQUARIE INFRASTRUCTURE COR 0.9%

Value ($000) $2,206 Shares 30,563 Est. Cost $78.40 Unrealized —

— ASHFORD HOSPITALITY PRIME IN 0.8%

Value ($000) $2,002 Shares 210,706 Est. Cost $14.38 Unrealized —

— ALTISOURCE ASSET MGMT CORP 0.7%

Value ($000) $1,798 Shares 22,423 Est. Cost $75.26 Unrealized —

— NEXEO SOLUTIONS INC 0.6%

Value ($000) $1,598 Shares 218,923 Est. Cost $9.21 Unrealized —

NSIT INSIGHT ENTERPRISES INC 0.6%

Value ($000) $1,520 Shares 33,093 Est. Cost $41.16 Unrealized 0.0%

— NATIONAL CINEMEDIA INC 0.6%

Value ($000) $1,396 Shares 200,000 Est. Cost $7.39 Unrealized —

— OCEAN RIG UDW INC 0.5%

Value ($000) $1,333 Shares 56,084 Est. Cost $23.77 Unrealized —

— FORESTAR GROUP INC 0.4%

Value ($000) $1,011 Shares 1,000,000 Est. Cost $0.94 Unrealized —

— ASHFORD HOSPITALITY PRIME IN 0.2%

Value ($000) $536 Shares 26,500 Est. Cost $22.57 Unrealized —

— FORTERRA INC 0.1%

Value ($000) $190 Shares 42,305 Est. Cost $21.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LGIH	LGI HOMES INC	568,561	$27,615	10.9%	$33.56	+32.4%	COM	50187T106
NXST	NEXSTAR MEDIA GROUP INC	365,898	$22,795	9.0%	$49.53	-1.5%	CL A	65336K103
XRT	SPDR SERIES TRUST	521,531	$21,784	8.6%	$41.82	—	S&P RETAIL ETF	78464A714
CCS	CENTURY CMNTYS INC	748,926	$18,498	7.3%	$22.81	-0.3%	COM	156504300
IWM	ISHARES TR	109,100	$16,166	6.4%	$148.18	—	RUSSELL 2000 ETF	464287655
—	FOUNDATION BLDG MATLS INC	1,128,708	$15,960	6.3%	$15.50	—	COM	350392106
NXST	NEXSTAR MEDIA GROUP INC	131,000	$8,161	3.2%	$49.53	-1.5%	Put	65336K103
SPY	SPDR S&P 500 ETF TR	31,470	$7,906	3.1%	$251.22	—	TR UNIT	78462F103
GAP	GAP INC DEL	255,000	$7,530	3.0%	—	—	Put	364760108
—	TRAVELPORT WORLDWIDE LTD	423,168	$6,644	2.6%	$13.43	—	SHS	G9019D104
—	SINCLAIR BROADCAST GROUP INC	187,700	$6,016	2.4%	$32.05	—	Put	829226109
GAP	GAP INC DEL	200,000	$5,906	2.3%	—	—	Call	364760108
—	ALTISOURCE RESIDENTIAL CORP	475,976	$5,288	2.1%	$15.13	—	CL B	02153W100
—	VENATOR MATLS PLC	229,595	$5,189	2.1%	$22.60	—	SHS	G9329Z100
LIND	LINDBLAD EXPEDITIONS HLDGS I	483,112	$5,169	2.0%	$9.87	+6.1%	COM	535219109
XLY	SELECT SECTOR SPDR TR	57,341	$5,165	2.0%	$87.95	—	SBI CONS DISCR	81369Y407
—	NATIONAL CINEMEDIA INC	705,010	$4,921	1.9%	$7.39	—	COM	635309107
PETS	PETMED EXPRESS INC	148,300	$4,916	1.9%	$40.71	0.0%	COM	716382106
DDS	DILLARDS INC	85,000	$4,766	1.9%	—	—	Call	254067101
—	SINCLAIR BROADCAST GROUP INC	143,574	$4,602	1.8%	$32.05	—	CL A	829226109
ARCC	ARES CAP CORP	270,403	$4,432	1.8%	$7.43	-2.0%	COM	04010L103
—	GIGAMON INC	104,011	$4,384	1.7%	$39.35	—	COM	37518B102
—	GMS INC	112,027	$3,966	1.6%	$35.40	—	COM	36251C103
ZUMZ	ZUMIEZ INC	210,000	$3,801	1.5%	—	—	Put	989817101
—	SPIRIT RLTY CAP INC NEW	421,089	$3,609	1.4%	$8.57	—	COM	84860W102
—	LA QUINTA HLDGS INC	205,584	$3,598	1.4%	$17.50	—	COM	50420D108
—	LIFE STORAGE INC	41,947	$3,432	1.4%	$81.82	—	COM	53223X107
UPBD	RENT A CTR INC NEW	230,189	$2,643	1.0%	$11.30	+9.4%	COM	76009N100
—	CF CORP	206,728	$2,315	0.9%	$11.20	—	SHS CL A	G20307107
—	LIBERTY EXPEDIA HOLDINGS	42,804	$2,273	0.9%	$39.67	—	SER A COM	53046P109
—	MACQUARIE INFRASTRUCTURE COR	30,563	$2,206	0.9%	$78.40	—	COM	55608B105
—	ASHFORD HOSPITALITY PRIME IN	210,706	$2,002	0.8%	$14.38	—	COM	044102101
—	ALTISOURCE ASSET MGMT CORP	22,423	$1,798	0.7%	$75.26	—	COM	02153X108
—	NEXEO SOLUTIONS INC	218,923	$1,598	0.6%	$9.21	—	COM SHS	65342H102
NSIT	INSIGHT ENTERPRISES INC	33,093	$1,520	0.6%	$41.16	0.0%	COM	45765U103
—	NATIONAL CINEMEDIA INC	200,000	$1,396	0.6%	$7.39	—	Call	635309107
—	OCEAN RIG UDW INC	56,084	$1,333	0.5%	$23.77	—	SHS NEW	G66964118
—	FORESTAR GROUP INC	1,000,000	$1,011	0.4%	$0.94	—	NOTE 3.750% 3/0	346232AB7
—	ASHFORD HOSPITALITY PRIME IN	26,500	$536	0.2%	$22.57	—	PFD CV SER B	044102507
—	FORTERRA INC	42,305	$190	0.1%	$21.22	—	COM	34960W106