GRATIA CAPITAL, LLC Hedge Fund

CIK: 0001599793 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $122,284 (100.0% shares, 0.0% debt)

Holdings (26)

IWM ISHARES TR RUSSELL 2000 ETF 20.4%

Value ($000) $24,936 Shares 125,000 Est. Cost — Unrealized —

TRTX TPG RE FIN TR INC 14.0%

Value ($000) $17,089 Shares 2,096,856 Est. Cost $7.90 Unrealized —

FBRT FRANKLIN BSP RLTY TR INC 6.0%

Value ($000) $7,331 Shares 575,442 Est. Cost $12.79 Unrealized —

XPOF XPONENTIAL FITNESS INC 5.4%

Value ($000) $6,664 Shares 800,000 Est. Cost $12.90 Unrealized +8.1%

NMM NAVIOS MARITIME PARTNERS L P 5.0%

Value ($000) $6,172 Shares 157,356 Est. Cost $30.90 Unrealized —

MAGN MAGNERA CORP 4.4%

Value ($000) $5,325 Shares 293,227 Est. Cost $20.46 Unrealized -5.0%

CMTG CLAROS MTG TR INC 4.1%

Value ($000) $4,983 Shares 1,335,801 Est. Cost $3.73 Unrealized —

ABX ABACUS GLOBAL MGMT INC 3.8%

Value ($000) $4,699 Shares 627,402 Est. Cost $9.33 Unrealized -21.1%

SUNS SUNRISE RLTY TR INC 3.4%

Value ($000) $4,124 Shares 372,527 Est. Cost $11.07 Unrealized —

— LANDSEA HOMES CORP 3.0%

Value ($000) $3,659 Shares 570,000 Est. Cost $7.58 Unrealized —

— HUDSON PAC PPTYS INC 3.0%

Value ($000) $3,609 Shares 1,223,500 Est. Cost $2.95 Unrealized —

BRSP BRIGHTSPIRE CAPITAL INC 2.7%

Value ($000) $3,336 Shares 600,000 Est. Cost $5.64 Unrealized —

FCFS FIRSTCASH HOLDINGS INC 2.5%

Value ($000) $2,997 Shares 24,907 Est. Cost $111.85 Unrealized +0.1%

— HUDSON PAC PPTYS INC 2.4%

Value ($000) $2,950 Shares 1,000,000 Est. Cost $2.95 Unrealized —

CDZI CADIZ INC 2.4%

Value ($000) $2,893 Shares 987,500 Est. Cost $4.14 Unrealized +6.2%

ARQ ARQ INC 2.4%

Value ($000) $2,893 Shares 693,652 Est. Cost $5.67 Unrealized 0.0%

BZH BEAZER HOMES USA INC 2.3%

Value ($000) $2,781 Shares 136,400 Est. Cost $28.47 Unrealized -15.7%

TEN TSAKOS ENERGY NAVIGATION LTD 2.0%

Value ($000) $2,478 Shares 145,228 Est. Cost $24.46 Unrealized -28.8%

BYD BOYD GAMING CORP 2.0%

Value ($000) $2,408 Shares 36,572 Est. Cost $64.59 Unrealized +12.5%

MFA MFA FINL INC 1.9%

Value ($000) $2,313 Shares 225,469 Est. Cost $10.26 Unrealized —

XPOF XPONENTIAL FITNESS INC 1.8%

Value ($000) $2,201 Shares 264,217 Est. Cost $12.90 Unrealized +8.1%

GPMT GRANITE PT MTG TR INC 1.7%

Value ($000) $2,080 Shares 800,000 Est. Cost $2.77 Unrealized —

ACHR ARCHER AVIATION INC 1.7%

Value ($000) $2,077 Shares 292,176 Est. Cost $4.48 Unrealized +97.9%

ACR ACRES COMMERCIAL REALTY CORP 1.4%

Value ($000) $1,662 Shares 76,682 Est. Cost $13.87 Unrealized —

HPAIW HELPORT AI LTD 0.3%

Value ($000) $375 Shares 1,320,918 Est. Cost $0.10 Unrealized —

SNYR SYNERGY CHC CORP 0.2%

Value ($000) $249 Shares 105,944 Est. Cost $6.02 Unrealized -37.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR RUSSELL 2000 ETF	125,000	$24,936	20.4%	—	—	Put	464287655
TRTX	TPG RE FIN TR INC	2,096,856	$17,089	14.0%	$7.90	—	COM	87266M107
FBRT	FRANKLIN BSP RLTY TR INC	575,442	$7,331	6.0%	$12.79	—	COMMON STOCK	35243J101
XPOF	XPONENTIAL FITNESS INC	800,000	$6,664	5.4%	$12.90	+8.1%	Call	98422X101
NMM	NAVIOS MARITIME PARTNERS L P	157,356	$6,172	5.0%	$30.90	—	COM UNIT LPI	Y62267409
MAGN	MAGNERA CORP	293,227	$5,325	4.4%	$20.46	-5.0%	COM SHS	55939A107
CMTG	CLAROS MTG TR INC	1,335,801	$4,983	4.1%	$3.73	—	COMMON STOCK	18270D106
ABX	ABACUS GLOBAL MGMT INC	627,402	$4,699	3.8%	$9.33	-21.1%	CL A	00258Y104
SUNS	SUNRISE RLTY TR INC	372,527	$4,124	3.4%	$11.07	—	COM	867981102
—	LANDSEA HOMES CORP	570,000	$3,659	3.0%	$7.58	—	COM	51509P103
—	HUDSON PAC PPTYS INC	1,223,500	$3,609	3.0%	$2.95	—	COM	444097109
BRSP	BRIGHTSPIRE CAPITAL INC	600,000	$3,336	2.7%	$5.64	—	COM CL A	10949T109
FCFS	FIRSTCASH HOLDINGS INC	24,907	$2,997	2.5%	$111.85	+0.1%	COM	33768G107
—	HUDSON PAC PPTYS INC	1,000,000	$2,950	2.4%	$2.95	—	Call	444097109
CDZI	CADIZ INC	987,500	$2,893	2.4%	$4.14	+6.2%	COM NEW	127537207
ARQ	ARQ INC	693,652	$2,893	2.4%	$5.67	0.0%	COM	00770C101
BZH	BEAZER HOMES USA INC	136,400	$2,781	2.3%	$28.47	-15.7%	COM NEW	07556Q881
TEN	TSAKOS ENERGY NAVIGATION LTD	145,228	$2,478	2.0%	$24.46	-28.8%	SHS	G9108L173
BYD	BOYD GAMING CORP	36,572	$2,408	2.0%	$64.59	+12.5%	COM	103304101
MFA	MFA FINL INC	225,469	$2,313	1.9%	$10.26	—	COM	55272X607
XPOF	XPONENTIAL FITNESS INC	264,217	$2,201	1.8%	$12.90	+8.1%	COM CL A	98422X101
GPMT	GRANITE PT MTG TR INC	800,000	$2,080	1.7%	$2.77	—	COM STK	38741L107
ACHR	ARCHER AVIATION INC	292,176	$2,077	1.7%	$4.48	+97.9%	COM CL A	03945R102
ACR	ACRES COMMERCIAL REALTY CORP	76,682	$1,662	1.4%	$13.87	—	COM NEW	00489Q102
HPAIW	HELPORT AI LTD	1,320,918	$375	0.3%	$0.10	—	*W EXP 03/31/202	G4R52R111
SNYR	SYNERGY CHC CORP	105,944	$249	0.2%	$6.02	-37.9%	COM NEW	87165D208