GRATIA CAPITAL, LLC Hedge Fund

CIK: 0001599793 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $139,410 (100.0% shares, 0.0% debt)

Holdings (34)

TRTX TPG RE FIN TR INC 13.3%

Value ($000) $18,479 Shares 2,158,787 Est. Cost $7.86 Unrealized —

AEHR AEHR TEST SYS 8.6%

Value ($000) $12,044 Shares 400,000 Est. Cost $21.65 Unrealized 0.0%

FBRT FRANKLIN BSP RLTY TR INC 6.2%

Value ($000) $8,694 Shares 800,571 Est. Cost $12.17 Unrealized —

NMM NAVIOS MARITIME PARTNERS L P 4.6%

Value ($000) $6,404 Shares 142,156 Est. Cost $31.68 Unrealized —

CMTG CLAROS MTG TR INC 4.0%

Value ($000) $5,644 Shares 1,700,084 Est. Cost $3.64 Unrealized —

MCFT MASTERCRAFT BOAT HLDGS INC 3.8%

Value ($000) $5,365 Shares 250,000 Est. Cost $17.40 Unrealized +20.0%

GPMT GRANITE PT MTG TR INC 3.7%

Value ($000) $5,123 Shares 1,707,826 Est. Cost $2.91 Unrealized —

SUNS SUNRISE RLTY TR INC 3.4%

Value ($000) $4,715 Shares 453,816 Est. Cost $10.98 Unrealized —

TRTX TPG RE FIN TR INC 3.1%

Value ($000) $4,280 Shares 500,000 Est. Cost $7.86 Unrealized —

AEHR AEHR TEST SYS 3.0%

Value ($000) $4,202 Shares 139,560 Est. Cost $21.65 Unrealized 0.0%

BYD BOYD GAMING CORP 2.9%

Value ($000) $4,010 Shares 46,389 Est. Cost $66.05 Unrealized +26.7%

CDZI CADIZ INC 2.8%

Value ($000) $3,911 Shares 828,666 Est. Cost $4.07 Unrealized -14.2%

XPOF XPONENTIAL FITNESS INC 2.7%

Value ($000) $3,701 Shares 475,140 Est. Cost $9.87 Unrealized -7.6%

MAGN MAGNERA CORP 2.6%

Value ($000) $3,687 Shares 314,627 Est. Cost $20.01 Unrealized -37.9%

DUOT DUOS TECHNOLOGIES GROUP INC 2.6%

Value ($000) $3,648 Shares 495,590 Est. Cost $7.12 Unrealized 0.0%

BETR BETTER HOME & FINANCE HOLDIN 2.4%

Value ($000) $3,408 Shares 60,700 Est. Cost $12.96 Unrealized +71.3%

AZ A2Z CUST2MATE SOLUTIONS CORP 2.4%

Value ($000) $3,372 Shares 422,000 Est. Cost $9.48 Unrealized 0.0%

JAKK JAKKS PAC INC 2.4%

Value ($000) $3,362 Shares 179,520 Est. Cost $19.35 Unrealized -7.3%

LODE COMSTOCK INC 2.3%

Value ($000) $3,274 Shares 957,423 Est. Cost $3.12 Unrealized 0.0%

TEN TSAKOS ENERGY NAVIGATION LTD 2.3%

Value ($000) $3,227 Shares 145,228 Est. Cost $24.46 Unrealized -14.1%

ARQ ARQ INC 2.3%

Value ($000) $3,165 Shares 442,020 Est. Cost $5.43 Unrealized +21.7%

BRSP BRIGHTSPIRE CAPITAL INC 2.1%

Value ($000) $2,987 Shares 550,000 Est. Cost $5.64 Unrealized —

NCMI NATIONAL CINEMEDIA INC 2.1%

Value ($000) $2,932 Shares 650,000 Est. Cost $4.66 Unrealized 0.0%

— HUDSON PAC PPTYS INC 2.0%

Value ($000) $2,760 Shares 1,000,000 Est. Cost — Unrealized —

UAMY UNITED STATES ANTIMONY CORP 1.9%

Value ($000) $2,604 Shares 420,000 Est. Cost — Unrealized —

KOS KOSMOS ENERGY LTD 1.8%

Value ($000) $2,490 Shares 1,500,000 Est. Cost — Unrealized —

ACHR ARCHER AVIATION INC 1.7%

Value ($000) $2,395 Shares 250,000 Est. Cost $4.48 Unrealized +120.7%

CDZI CADIZ INC 1.7%

Value ($000) $2,360 Shares 500,000 Est. Cost $4.07 Unrealized -14.2%

MFA MFA FINL INC 1.5%

Value ($000) $2,072 Shares 225,469 Est. Cost $10.26 Unrealized —

WW WW INTL INC 1.2%

Value ($000) $1,730 Shares 63,241 Est. Cost $34.35 Unrealized 0.0%

ACR ACRES COMMERCIAL REALTY CORP 1.1%

Value ($000) $1,535 Shares 72,543 Est. Cost $15.46 Unrealized —

SNYR SYNERGY CHC CORP 1.0%

Value ($000) $1,354 Shares 555,000 Est. Cost $3.02 Unrealized 0.0%

HPAIW HELPORT AI LTD 0.2%

Value ($000) $258 Shares 1,304,514 Est. Cost $0.10 Unrealized —

CBUS CIBUS INC 0.2%

Value ($000) $216 Shares 167,245 Est. Cost $2.04 Unrealized -28.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TRTX	TPG RE FIN TR INC	2,158,787	$18,479	13.3%	$7.86	—	COM	87266M107
AEHR	AEHR TEST SYS	400,000	$12,044	8.6%	$21.65	0.0%	Call	00760J108
FBRT	FRANKLIN BSP RLTY TR INC	800,571	$8,694	6.2%	$12.17	—	COMMON STOCK	35243J101
NMM	NAVIOS MARITIME PARTNERS L P	142,156	$6,404	4.6%	$31.68	—	COM UNIT LPI	Y62267409
CMTG	CLAROS MTG TR INC	1,700,084	$5,644	4.0%	$3.64	—	COMMON STOCK	18270D106
MCFT	MASTERCRAFT BOAT HLDGS INC	250,000	$5,365	3.8%	$17.40	+20.0%	COM	57637H103
GPMT	GRANITE PT MTG TR INC	1,707,826	$5,123	3.7%	$2.91	—	COM STK	38741L107
SUNS	SUNRISE RLTY TR INC	453,816	$4,715	3.4%	$10.98	—	COM	867981102
TRTX	TPG RE FIN TR INC	500,000	$4,280	3.1%	$7.86	—	Call	87266M107
AEHR	AEHR TEST SYS	139,560	$4,202	3.0%	$21.65	0.0%	COM	00760J108
BYD	BOYD GAMING CORP	46,389	$4,010	2.9%	$66.05	+26.7%	COM	103304101
CDZI	CADIZ INC	828,666	$3,911	2.8%	$4.07	-14.2%	COM NEW	127537207
XPOF	XPONENTIAL FITNESS INC	475,140	$3,701	2.7%	$9.87	-7.6%	COM CL A	98422X101
MAGN	MAGNERA CORP	314,627	$3,687	2.6%	$20.01	-37.9%	COM SHS	55939A107
DUOT	DUOS TECHNOLOGIES GROUP INC	495,590	$3,648	2.6%	$7.12	0.0%	COM	266042407
BETR	BETTER HOME & FINANCE HOLDIN	60,700	$3,408	2.4%	$12.96	+71.3%	COM NEW CL A	08774B508
AZ	A2Z CUST2MATE SOLUTIONS CORP	422,000	$3,372	2.4%	$9.48	0.0%	COM	002205102
JAKK	JAKKS PAC INC	179,520	$3,362	2.4%	$19.35	-7.3%	COM NEW	47012E403
LODE	COMSTOCK INC	957,423	$3,274	2.3%	$3.12	0.0%	COM SHS	205750409
TEN	TSAKOS ENERGY NAVIGATION LTD	145,228	$3,227	2.3%	$24.46	-14.1%	SHS	G9108L173
ARQ	ARQ INC	442,020	$3,165	2.3%	$5.43	+21.7%	COM	00770C101
BRSP	BRIGHTSPIRE CAPITAL INC	550,000	$2,987	2.1%	$5.64	—	COM CL A	10949T109
NCMI	NATIONAL CINEMEDIA INC	650,000	$2,932	2.1%	$4.66	0.0%	COM NEW	635309206
—	HUDSON PAC PPTYS INC	1,000,000	$2,760	2.0%	—	—	Call	444097109
UAMY	UNITED STATES ANTIMONY CORP	420,000	$2,604	1.9%	—	—	Call	911549103
KOS	KOSMOS ENERGY LTD	1,500,000	$2,490	1.8%	—	—	Call	500688106
ACHR	ARCHER AVIATION INC	250,000	$2,395	1.7%	$4.48	+120.7%	COM CL A	03945R102
CDZI	CADIZ INC	500,000	$2,360	1.7%	$4.07	-14.2%	Call	127537207
MFA	MFA FINL INC	225,469	$2,072	1.5%	$10.26	—	COM	55272X607
WW	WW INTL INC	63,241	$1,730	1.2%	$34.35	0.0%	COM NEW	98262P200
ACR	ACRES COMMERCIAL REALTY CORP	72,543	$1,535	1.1%	$15.46	—	COM NEW	00489Q102
SNYR	SYNERGY CHC CORP	555,000	$1,354	1.0%	$3.02	0.0%	COM NEW	87165D208
HPAIW	HELPORT AI LTD	1,304,514	$258	0.2%	$0.10	—	*W EXP 03/31/202	G4R52R111
CBUS	CIBUS INC	167,245	$216	0.2%	$2.04	-28.9%	CL A COM STK	17166A101