Gratia Capital, LLC

High-turnover traderSector-focusedMomentum follower

Total reported value

$227.2M

Reporting period: 2026-03-31 · Number of holdings: 64

GRATIA CAPITAL, LLC disclosed 64 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $227.2M and a quarterly turnover rate of 100.5%.

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Personality snowflake

Concentration: 41.37
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 56
Sizing Uniformity: 85.98

Recent moves

Trim HPP
0.0%　-$4.9M
Trim CDZI
-65.9%　-$5.9M
Add AEHR
+39.3%　$16.9M
Trim GPMT
0.0%　-$2.1M
Trim MAGN
-4.8%　-$1.9M
Trim DAVE
+15.5%　-$601.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 28 holdings (of 64 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	21.83%	+21.83%	NEW
2	TRTX	Tpg Re Finance Trust INC	Stock-Other	14.79%	+1.75%	+111.77%
3	AEHR	Aehr Test Systems	Stock-Other	12.22%	+4.13%	+39.25%
4	FBRT	Franklin Bsp Realty Trust In	Stock-Other	8.52%	+2.07%	+164.07%
5	WD	Walker & Dunlop INC	Stock-Other	5.14%	+5.14%	NEW
6	ATEX	Anterix INC	Stock-Other	4.83%	+4.83%	NEW
7	WY	Weyerhaeuser Co	Stock-Real Estate	3.23%	+3.23%	NEW
8	NMM	Navios Maritime Partners L.P.	Stock-Other	3.03%	-2.23%	-24.36%
9	KOS	Kosmos Energy LTD	Stock-Other	2.72%	+1.70%	+47.99%
10	DAVE	Dave INC	Stock-Other	2.62%	-2.27%	+15.53%
11	HPP	Hudson Pacific Properties In	Stock-Other	2.60%	-5.47%	—
12	CMTG	Claros Mortgage Trust INC	Stock-Other	1.78%	-2.10%	—
13	MCFT	Mastercraft Boat Holdings In	Stock-Other	1.76%	-1.92%	-25.23%
14	DUOT	Duos Technologies Group INC	Stock-Other	1.75%	+1.75%	NEW
15	TEN	Tsakos Energy Navigation Limited	Stock-Other	1.74%	-0.65%	-30.16%
16	BETR	Better Home & Finance Holdin	Stock-Other	1.73%	-0.74%	+8.55%
17	LODE	Comstock INC	Stock-Other	1.49%	-1.75%	-4.32%
18	SUNS	Sunrise Realty Trust INC	Stock-Other	1.48%	-1.71%	-3.31%
19	GPMT	Granite Point Mortgage Trust	Stock-Other	1.43%	-2.58%	—
20	MAGN	Magnera CORP	Stock-Other	1.25%	-2.30%	-4.77%
21	CDZI	Cadiz INC	Stock-Other	1.10%	-5.16%	-65.86%
22	UHAL-B	U-haul Holding Co-non Voting	Stock-Other	0.91%	+0.91%	NEW
23	DHT	DHT Holdings, Inc.	Stock-Other	0.80%	+0.80%	NEW
24	ACHR	Archer Aviation Inc-a	Stock-Industrials	0.44%	-0.64%	—
25	NCMI	National Cinemedia INC	Stock-Other	0.43%	-1.45%	-51.08%
26	SNYR	Synergy Chc CORP	Stock-Other	0.31%	-0.46%	-0.90%
27	✓	Helport Ai LTD	Stock-Other	0.06%	-0.09%	—
28	UAMY	United States Antimony CORP	Stock-Other	—	-1.57%	-99.79%

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	64	$227.2M	100	1IWM 2TRTX 3AEHR Top holdings2026-03-31 1.IWM 2.TRTX 3.AEHR 4.FBRT 5.WD 6.ATEX 7.WY 8.NMM 9.KOS 10.DAVE
2025-12-31	60	$134.1M	45	1TRTX 2AEHR 3HPP Top holdings2025-12-31 1.TRTX 2.AEHR 3.HPP 4.FBRT 5.CDZI 6.NMM 7.DAVE 8.GPMT 9.CMTG 10.MCFT
2025-09-30	66	$139.4M	98	1TRTX 2AEHR 3FBRT Top holdings2025-09-30 1.TRTX 2.AEHR 3.FBRT 4.NMM 5.CDZI 6.CMTG 7.MCFT 8.GPMT 9.SUNS 10.BYD
2025-06-30	51	$102.5M	0	1TRTX 2FBRT 3XPOF Top holdings2025-06-30 1.TRTX 2.FBRT 3.XPOF 4.NMM 5.SUNS 6.ARQ 7.MCFT 8.CMTG 9.MAGN 10.BYD
2025-03-31	48	$122.3M	100	1IWM 2TRTX 3XPOF Top holdings2025-03-31 1.IWM 2.TRTX 3.XPOF 4.FBRT 5.HPP 6.NMM 7.MAGN 8.CMTG 9.ABX 10.SUNS
2024-12-31	52	$102.2M	0	1TRTX 2XPOF 3FBRT Top holdings2024-12-31 1.TRTX 2.XPOF 3.FBRT 4.LEG 5.FCFS 6.MAGN 7.CBL 8.ACHR 9.NMM 10.NVGS
2024-09-30	38	$88.4M	0	1TRTX 2XPOF 3NMM Top holdings2024-09-30 1.TRTX 2.XPOF 3.NMM 4.BYD 5.FCFS 6.NVGS 7.STNG 8.KREF 9.TEN 10.FBRT
2024-06-30	36	$105.4M	0	1XPOF 2TRTX 3IWM Top holdings2024-06-30 1.XPOF 2.TRTX 3.IWM 4.BYD 5.NMM 6.FCFS 7.BZH 8.TEN 9.INSE 10.NVGS
2024-03-31	38	$91.4M	0	1BYD 2TRTX 3IWM Top holdings2024-03-31 1.BYD 2.TRTX 3.IWM 4.INSE 5.NMM 6.BZH 7.FCFS 8.STNG 9.TEN 10.ACHR
2023-12-31	41	$86.6M	0	1BYD 2CRH 3IWM Top holdings2023-12-31 1.BYD 2.CRH 3.IWM 4.INSE 5.SNBRQ 6.NMM 7.STNG 8.TRTX 9.BCC 10.KRT
2023-09-30	51	$106.4M	0	1BYD 2CRH 3IWM Top holdings2023-09-30 1.BYD 2.CRH 3.IWM 4.INSE 5.SPY 6.KRT 7.ADAM 8.NMM 9.GIL 10.TRTX
2023-06-30	53	$94.7M	0	1BYD 2MHO 3IWM Top holdings2023-06-30 1.BYD 2.MHO 3.IWM 4.G8766E 5.PRSU 6.NMM 7.INSE 8.TRTX 9.SPY 10.GIL
2023-03-31	45	$60.6M	0	1MHO 2WAL3G8766E Top holdings2023-03-31 1.MHO 2.WAL 3.G8766E 4.NMM 5.INSE 6.SB 7.GIL 8.EEX 9.CATO 10.FRCB
2022-12-31	37	$50.7M	0	1UNVREUR2G8766E3NMM Top holdings2022-12-31 1.UNVREUR 2.G8766E 3.NMM 4.INSE 5.MHO 6.EEX 7.SB 8.GIL 9.MG 10.CATO
2022-09-30	51	$48.4M	0	1MHO 2NMM3G8766E Top holdings2022-09-30 1.MHO 2.NMM 3.G8766E 4.INSE 5.CCS 6.GSL 7.GIL 8.EEX 9.MG 10.PFSI
2022-06-30	62	$80.9M	0	1SPY 2MHO 3PFSI Top holdings2022-06-30 1.SPY 2.MHO 3.PFSI 4.307359 5.CCS 6.TRTN-PA 7.ZIM 8.MTH 9.UPBD 10.GIL
2022-03-31	68	$101.0M	0	1GSL 2SPY 3NYMTEUR Top holdings2022-03-31 1.GSL 2.SPY 3.NYMTEUR 4.NMM 5.GT 6.TRTN-PA 7.INSE 8.UPBD 9.MG 10.MHO
2021-12-31	55	$84.9M	0	1GSL 2NYMTEUR 3NMM Top holdings2021-12-31 1.GSL 2.NYMTEUR 3.NMM 4.TRTX 5.ZIM 6.GT 7.INSE 8.LE 9.MG 10.89904V
2021-09-30	59	$119.9M	0	1SPY 2NMM 3NYMTEUR Top holdings2021-09-30 1.SPY 2.NMM 3.NYMTEUR 4.307359 5.TRTX 6.DDI 7.ZIM 8.GSL 9.ATI 10.89904V
2021-06-30	45	$89.3M	91	1DAC 2TRTX389904V Top holdings2021-06-30 1.DAC 2.TRTX 3.89904V 4.LADR 5.INSE 6.LE 7.CLDT 8.MG 9.NMM 10.NYMTEUR
2021-03-31	54	$67.6M	90	1DAC 2TRTX3349642 Top holdings2021-03-31 1.DAC 2.TRTX 3.349642 4.NYMTEUR 5.LADR 6.CLDT 7.MHO 8.SPY 9.GIL 10.MG
2020-12-31	47	$92.6M	100	1SPY 2TRTX 3DAC Top holdings2020-12-31 1.SPY 2.TRTX 3.DAC 4.CLDT 5.NYMTEUR 6.LADR 7.MHO 8.GIL 9.NMRK 10.KRUS
2020-09-30	15	$31.3M	100	1SPYX 2MHO 3CLDT Top holdings2020-09-30 1.SPYX 2.MHO 3.CLDT 4.IWM 5.GIL 6.UPBD 7.KRUS 8.ALEX 9.NWHM 10.MFAUSD
2020-06-30	17	$28.5M	100	1IWM 2MHO 3GIL Top holdings2020-06-30 1.IWM 2.MHO 3.GIL 4.MEC 5.UPBD 6.HMHCUSD 7.CCS 8.NWHM 9.SIC 10.FSKR
2020-03-31	16	$15.6M	100	1SPY 2GIL 3MEC Top holdings2020-03-31 1.SPY 2.GIL 3.MEC 4.MHO 5.PFF 6.UPBD 7.LAMR 8.11135B 9.HMHCUSD 10.SIC
2019-12-31	28	$82.8M	73	1SPY 2CCS 3NWHM Top holdings2019-12-31 1.SPY 2.CCS 3.NWHM 4.NMRK 5.GLD 6.HMHCUSD 7.G3402M 8.MEC 9.FSICUSD 10.SIC
2019-09-30	26	$59.9M	46	1SPY 2TLT 3CCS Top holdings2019-09-30 1.SPY 2.TLT 3.CCS 4.G3402M 5.NMRK 6.GLD 7.GSL 8.NWHM 9.FSICUSD 10.MEC
2019-06-30	19	$51.9M	100	1SPY 2TLT3G3402M Top holdings2019-06-30 1.SPY 2.TLT 3.G3402M 4.CCS 5.NMRK 6.WLHUSD 7.CBPXEUR 8.HMHCUSD 9.AOBCEUR 10.PLAY
2019-03-31	19	$26.0M	100	1CCS2G3402M3P73684 Top holdings2019-03-31 1.CCS 2.G3402M 3.P73684 4.BERYEUR 5.NMRK 6.WLHUSD 7.MHO 8.AOBCEUR 9.MLM 10.BGCPEUR
2018-12-31	17	$58.6M	100	1SPY 2NMRK 3TLT Top holdings2018-12-31 1.SPY 2.NMRK 3.TLT 4.BGCPEUR 5.GMS1EUR 6.CCS 7.MHO 8.G3402M 9.BERYEUR 10.7S3
2018-09-30	26	$158.7M	81	1GMS1EUR 2NMRK 3BGCPEUR Top holdings2018-09-30 1.GMS1EUR 2.NMRK 3.BGCPEUR 4.G3402M 5.7S3 6.CCS 7.MHO 8.WHR 9.XRT 10.HMHCUSD
2018-06-30	37	$216.8M	100	1TLT 2NMRK 3GMS1EUR Top holdings2018-06-30 1.TLT 2.NMRK 3.GMS1EUR 4.7S3 5.CCS 6.MLM 7.MHO 8.NXST 9.G3402M 10.BERYEUR
2018-03-31	40	$330.5M	69	1SPY 2NMRK 3GMS1EUR Top holdings2018-03-31 1.SPY 2.NMRK 3.GMS1EUR 4.CCS 5.NXST 6.NSIT 7.WU 8.COHREUR 9.MLM 10.LGIH
2017-12-31	45	$399.2M	100	1SPY24642873CCS Top holdings2017-12-31 1.SPY 2.464287 3.CCS 4.NXST 5.NMRK 6.PETS 7.LGIH 8.NSIT 9.GMS1EUR 10.73935A
2017-09-30	40	$253.0M	100	1NXST 2LGIH 3XRT Top holdings2017-09-30 1.NXST 2.LGIH 3.XRT 4.CCS 5.IWM 6.FBMUSD 7.GAP 8.2362120D 9.SPY 10.G9019D
2017-06-30	35	$341.7M	92	1SPY 2LGIH 3NXST Top holdings2017-06-30 1.SPY 2.LGIH 3.NXST 4.AMC 5.CBPXEUR 6.FBMUSD 7.UPBD 8.20084V 9.G9019D 10.ARCC
2017-03-31	40	$477.8M	98	1SPY 2FBMUSD 3NXST Top holdings2017-03-31 1.SPY 2.FBMUSD 3.NXST 4.SDA 5.20084V 6.AIG 7.ASPSZ 8.FRTAEUR 9.G9019D 10.WLHUSD
2016-12-31	34	$301.4M	100	1SPY 22362120D 3WLHUSD Top holdings2016-12-31 1.SPY 2.2362120D 3.WLHUSD 4.NVR 5.SCI 6.LEXEA 7.20084V 8.31430F 9.02503Y 10.75605Y
2016-09-30	42	$304.0M	92	12362120D 2NXST 3WLHUSD Top holdings2016-09-30 1.2362120D 2.NXST 3.WLHUSD 4.PLAY 5.SERVUSD 6.MHO 7.AHT 8.20084V 9.64976L 10.FOR
2016-06-30	32	$301.4M	70	1SPY 2NXST 3WLHUSD Top holdings2016-06-30 1.SPY 2.NXST 3.WLHUSD 4.MHO 5.AHT 6.53071M 7.60979P 8.MIC2EUR 9.FOR 10.LIND
2016-03-31	28	$276.2M	100	1SPY 2PLAY 3NXST Top holdings2016-03-31 1.SPY 2.PLAY 3.NXST 4.MHO 5.WLHUSD 6.345605 7.FOR 8.53071M 9.LYV 10.LIND
2015-12-31	39	$545.1M	87	1SPY 2NXST 3MHO Top holdings2015-12-31 1.SPY 2.NXST 3.MHO 4.345550 5.45031U 6.WLHUSD 7.LIND 8.FOR 9.CVA1EUR 10.PLAY
2015-09-30	48	$578.0M	100	1SPY 22362120D3345550 Top holdings2015-09-30 1.SPY 2.2362120D 3.345550 4.45031U 5.MHO 6.AXTA 7.IWM 8.M 9.LIND 10.SCI
2015-06-30	44	$377.4M	86	1UPS 2SPY 3MHO Top holdings2015-06-30 1.UPS 2.SPY 3.MHO 4.M 5.14056V 6.345550 7.LGIH 8.45031U 9.02503Y 10.FOR
2015-03-31	43	$272.9M	91	1SPY 2MHO 3FOR Top holdings2015-03-31 1.SPY 2.MHO 3.FOR 4.PLAY 5.LGIH 6.AXTA 7.690070 8.SCI 9.02503Y 10.345550
2014-12-31	43	$186.2M	92	1FOR202503Y3AXTA Top holdings2014-12-31 1.FOR 2.02503Y 3.AXTA 4.690070 5.LGIH 6.PLAY 7.MIC2EUR 8.MHO 9.AMC 10.00191R
2014-09-30	46	$205.4M	70	1MHO202917T302503Y Top holdings2014-09-30 1.MHO 2.02917T 3.02503Y 4.D 5.FANG 6.FOR 7.74937W 8.TTWO 9.CVA1EUR 10.SCI
2014-06-30	49	$196.0M	92	102917T2FOR 3SCI Top holdings2014-06-30 1.02917T 2.FOR 3.SCI 4.D 5.CVA1EUR 6.TTWO 7.BID 8.LGIH 9.PEP 10.FANG
2014-03-31	45	$224.6M	100	1MCD274347R3SCI Top holdings2014-03-31 1.MCD 2.74347R 3.SCI 4.PEP 5.LAMR 6.CVA1EUR 7.CBAN 8.PMT 9.FOR 10.TTWO
2013-12-31	34	$123.1M	0	1SCI2Y643543464592 Top holdings2013-12-31 1.SCI 2.Y64354 3.464592 4.LGIH 5.HAN 6.LYV 7.46617M 8.PMT 9.ARMK 10.18948M

Holding changes this quarter

Gratia Capital, LLC's most significant position changes for 2026-03-31: New buy: Ishares Russell 2000 ETF (IWM); New buy: Walker & Dunlop INC (WD); New buy: Anterix INC (ATEX); New buy: Weyerhaeuser Co (WY); New buy: Duos Technologies Group INC (DUOT).

Position changes disclosed by Gratia Capital, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AEHR	Aehr Test Systems	+4.1%	+39.25%	Add
2	FBRT	Franklin Bsp Realty Trust In	+2.1%	+164.07%	Add
3	TRTX	Tpg Re Finance Trust INC	+1.8%	+111.77%	Add
4	KOS	Kosmos Energy LTD	+1.7%	+47.99%	Add
5	✓	Helport Ai LTD	-0.1%	—	Unchanged
6	SNYR	Synergy Chc CORP	-0.5%	-0.90%	Trim
7	ACHR	Archer Aviation Inc-a	-0.6%	—	Unchanged
8	TEN	Tsakos Energy Navigation Limited	-0.7%	-30.16%	Trim
9	BETR	Better Home & Finance Holdin	-0.7%	+8.55%	Add
10	NCMI	National Cinemedia INC	-1.5%	-51.08%	Trim
11	UAMY	United States Antimony CORP	-1.6%	-99.79%	Trim
12	SUNS	Sunrise Realty Trust INC	-1.7%	-3.31%	Trim
13	LODE	Comstock INC	-1.8%	-4.32%	Trim
14	MCFT	Mastercraft Boat Holdings In	-1.9%	-25.23%	Trim
15	CMTG	Claros Mortgage Trust INC	-2.1%	—	Unchanged
16	NMM	Navios Maritime Partners L.P.	-2.2%	-24.36%	Trim
17	DAVE	Dave INC	-2.3%	+15.53%	Add
18	MAGN	Magnera CORP	-2.3%	-4.77%	Trim
19	GPMT	Granite Point Mortgage Trust	-2.6%	—	Unchanged
20	CDZI	Cadiz INC	-5.2%	-65.86%	Trim
21	HPP	Hudson Pacific Properties In	-5.5%	—	Unchanged
22	IWM	Ishares Russell 2000 ETF	—	NEW	New buy
23	WD	Walker & Dunlop INC	—	NEW	New buy
24	ATEX	Anterix INC	—	NEW	New buy
25	WY	Weyerhaeuser Co	—	NEW	New buy
26	DUOT	Duos Technologies Group INC	—	NEW	New buy
27	BYD	Boyd Gaming CORP	—	EXIT	Sold out
28	WULF	Terawulf INC	—	EXIT	Sold out
29	JAKK	Jakks Pacific INC	—	EXIT	Sold out
30	BRSP	Brightspire Capital INC	—	EXIT	Sold out
31	AZ	A2z Cust2mate Solutions CORP	—	EXIT	Sold out
32	MFA	Mfa Financial INC	—	EXIT	Sold out
33	UHAL-B	U-haul Holding Co-non Voting	—	NEW	New buy
34	DHT	DHT Holdings, Inc.	—	NEW	New buy
35	BZH	Beazer Homes USA INC	—	EXIT	Sold out
36	DDI	Doubledown Interactive -adr	—	EXIT	Sold out
37	ARQ	Arq INC	—	EXIT	Sold out

FAQ

What is Gratia Capital, LLC and what type of investor is it?

Gratia Capital, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $227.2M, spread across 64 disclosed positions.

What are Gratia Capital, LLC's largest equity positions?

Based on the latest 13F filing, Gratia Capital, LLC's top holdings by market value are: 1. Ishares Russell 2000 ETF (IWM) — $49.6M (21.8%) 2. Tpg Re Finance Trust INC (TRTX) — $33.6M (14.8%) 3. Aehr Test Systems (AEHR) — $27.8M (12.2%) 4. Franklin Bsp Realty Trust In (FBRT) — $19.3M (8.5%) 5. Walker & Dunlop INC (WD) — $11.7M (5.1%)

What changes did Gratia Capital, LLC make in its most recent portfolio filing?

In the latest reported quarter, Gratia Capital, LLC made 32 notable position adjustments: 7 new positions were initiated, 6 existing holdings were added to, 10 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: Ishares Russell 2000 ETF (IWM); New buy: Walker & Dunlop INC (WD); New buy: Anterix INC (ATEX); New buy: Weyerhaeuser Co (WY); New buy: Duos Technologies Group INC (DUOT)

What sectors does Gratia Capital, LLC focus on?

Gratia Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Real Estate: 88.0% • Industrials: 12.0%