GRATIA CAPITAL, LLC Hedge Fund

Location: Los Angeles, CA

CIK: 0001599793 · Show all filings

Period: Q3 2019 (← Previous) (Next →)

Filing Date: Nov 14, 2019

Total Value: $59.91M (100.0% shares, 0.0% debt)

Holdings (26)

SPY SPDR S&P 500 ETF TR 22.0%

Value $13.21M Shares 44,500 Est. Cost — Unrealized —

TLT ISHARES TR 20 YR TR BD 11.7%

Value $7.011M Shares 49,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 9.4%

Value $5.639M Shares 19,000 Est. Cost — Unrealized —

CCS CENTURY CMNTYS INC 7.2%

Value $4.287M Shares 139,974 Est. Cost $23.20 Unrealized +12.5%

— FGL HLDGS 5.8%

Value $3.485M Shares 436,681 Est. Cost $8.11 Unrealized —

GLD SPDR GOLD TRUST 4.6%

Value $2.777M Shares 20,000 Est. Cost — Unrealized —

NMRK NEWMARK GROUP INC 4.6%

Value $2.754M Shares 303,980 Est. Cost $12.99 Unrealized -33.9%

GSL GLOBAL SHIP LEASE INC NEW 4.6%

Value $2.735M Shares 357,500 Est. Cost $7.36 Unrealized 0.0%

— NEW HOME CO INC 4.4%

Value $2.625M Shares 602,055 Est. Cost $4.18 Unrealized —

— FS KKR CAPITAL CORP 4.1%

Value $2.47M Shares 423,600 Est. Cost $5.83 Unrealized —

MEC MAYVILLE ENGINEERING CO INC 3.8%

Value $2.3M Shares 174,407 Est. Cost $14.33 Unrealized -6.8%

— LYON WILLIAM HOMES 3.6%

Value $2.186M Shares 107,381 Est. Cost $15.80 Unrealized —

— HOUGHTON MIFFLIN HARCOURT CO 3.2%

Value $1.903M Shares 356,998 Est. Cost $5.67 Unrealized —

TOL TOLL BROTHERS INC 1.7%

Value $1.026M Shares 25,000 Est. Cost — Unrealized —

— HOWARD HUGHES CORP 1.7%

Value $1.011M Shares 7,800 Est. Cost $129.62 Unrealized —

KKR KKR & CO INC 1.4%

Value $854K Shares 31,800 Est. Cost $24.68 Unrealized 0.0%

— CORNERSTONE BLDG BRANDS INC 1.3%

Value $759K Shares 125,529 Est. Cost $6.05 Unrealized —

— AMERICAN OUTDOOR BRANDS CORP 1.3%

Value $752K Shares 128,494 Est. Cost $9.34 Unrealized —

Z ZILLOW GROUP INC 1.2%

Value $692K Shares 23,200 Est. Cost $39.83 Unrealized +0.1%

NMRK NEWMARK GROUP INC 0.8%

Value $453K Shares 50,000 Est. Cost $12.99 Unrealized -33.9%

LEGH LEGACY HOUSING CORP 0.7%

Value $407K Shares 25,149 Est. Cost $12.01 Unrealized +14.2%

CC CHEMOURS CO 0.3%

Value $161K Shares 10,800 Est. Cost $12.50 Unrealized 0.0%

KRUS KURA SUSHI USA INC 0.2%

Value $138K Shares 7,018 Est. Cost $22.01 Unrealized 0.0%

BW BABCOCK & WILCOX ENTERPRIS I 0.2%

Value $127K Shares 26,607 Est. Cost $3.83 Unrealized 0.0%

TROX TRONOX HOLDINGS PLC 0.1%

Value $85,000 Shares 10,200 Est. Cost $9.64 Unrealized 0.0%

— VENATOR MATLS PLC 0.1%

Value $66,000 Shares 26,865 Est. Cost $2.46 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	44,500	$13.21M	22.0%	—	—	Put	78462F103
TLT	ISHARES TR 20 YR TR BD	49,000	$7.011M	11.7%	—	—	Put	464287432
SPY	SPDR S&P 500 ETF TR	19,000	$5.639M	9.4%	—	—	Call	78462F103
CCS	CENTURY CMNTYS INC	139,974	$4.287M	7.2%	$23.20	+12.5%	COM	156504300
—	FGL HLDGS	436,681	$3.485M	5.8%	$8.11	—	ORD SHS	G3402M102
GLD	SPDR GOLD TRUST	20,000	$2.777M	4.6%	—	—	Call	78463V107
NMRK	NEWMARK GROUP INC	303,980	$2.754M	4.6%	$12.99	-33.9%	CL A	65158N102
GSL	GLOBAL SHIP LEASE INC NEW	357,500	$2.735M	4.6%	$7.36	0.0%	COM CL A	Y27183600
—	NEW HOME CO INC	602,055	$2.625M	4.4%	$4.18	—	COM	645370107
—	FS KKR CAPITAL CORP	423,600	$2.47M	4.1%	$5.83	—	COM	302635107
MEC	MAYVILLE ENGINEERING CO INC	174,407	$2.3M	3.8%	$14.33	-6.8%	COM	578605107
—	LYON WILLIAM HOMES	107,381	$2.186M	3.6%	$15.80	—	CL A NEW	552074700
—	HOUGHTON MIFFLIN HARCOURT CO	356,998	$1.903M	3.2%	$5.67	—	COM	44157R109
TOL	TOLL BROTHERS INC	25,000	$1.026M	1.7%	—	—	Call	889478103
—	HOWARD HUGHES CORP	7,800	$1.011M	1.7%	$129.62	—	COM	44267D107
KKR	KKR & CO INC	31,800	$854K	1.4%	$24.68	0.0%	CL A	48251W104
—	CORNERSTONE BLDG BRANDS INC	125,529	$759K	1.3%	$6.05	—	COM	21925D109
—	AMERICAN OUTDOOR BRANDS CORP	128,494	$752K	1.3%	$9.34	—	COM	02874P103
Z	ZILLOW GROUP INC	23,200	$692K	1.2%	$39.83	+0.1%	CL C CAP STK	98954M200
NMRK	NEWMARK GROUP INC	50,000	$453K	0.8%	$12.99	-33.9%	Call	65158N102
LEGH	LEGACY HOUSING CORP	25,149	$407K	0.7%	$12.01	+14.2%	COM	52472M101
CC	CHEMOURS CO	10,800	$161K	0.3%	$12.50	0.0%	COM	163851108
KRUS	KURA SUSHI USA INC	7,018	$138K	0.2%	$22.01	0.0%	CL A COM	501270102
BW	BABCOCK & WILCOX ENTERPRIS I	26,607	$127K	0.2%	$3.83	0.0%	COM	05614L209
TROX	TRONOX HOLDINGS PLC	10,200	$85,000	0.1%	$9.64	0.0%	SHS	G9087Q102
—	VENATOR MATLS PLC	26,865	$66,000	0.1%	$2.46	—	SHS	G9329Z100