Latest GRATIA CAPITAL, LLC Stock Portfolio

$227Million– No. of Holdings #24

GRATIA CAPITAL, LLC Performance:

2026 Q1: -6.44%YTD: -6.44%2025: -5.16%

Performance for 2026 Q1 is -6.44%, and YTD is -6.44%, and 2025 is -5.16%.

About GRATIA CAPITAL, LLC and 13F Hedge Fund Stock Holdings

GRATIA CAPITAL, LLC is a hedge fund based in Los Angeles, CA. On 2026-05-15, the fund reported it's updated stock portfolio. In the 13F Holdings report, GRATIA CAPITAL, LLC reported an equity portfolio of $227.2 Millions as of 31 Mar, 2026.

The top stock holdings of GRATIA CAPITAL, LLC are TRTX, FBRT, NMM. The fund has invested 9.3% of it's portfolio in TPG RE FIN TR INC and 8.5% of portfolio in FRANKLIN BSP RLTY TR INC.

The fund managers got completely rid off BOYD GAMING CORP (BYD), TERAWULF INC (WULF) and JAKKS PAC INC (JAKK) stocks. They significantly reduced their stock positions in CADIZ INC (CDZI), AEHR TEST SYS (AEHR) and NATIONAL CINEMEDIA INC (NCMI). GRATIA CAPITAL, LLC opened new stock positions in WALKER & DUNLOP INC (WD), DUOS TECHNOLOGIES GROUP INC (DUOT) and ANTERIX INC (ATEX). The fund showed a lot of confidence in some stocks as they added substantially to FRANKLIN BSP RLTY TR INC (FBRT), TPG RE FIN TR INC (TRTX) and DAVE INC (DAVE).

GRATIA CAPITAL, LLC Equity Portfolio Value

Last Reported on: 15 May, 2026

GRATIA CAPITAL, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that GRATIA CAPITAL, LLC made a return of -6.44% in the last quarter. In trailing 12 months, it's portfolio return was -5.65%.

Performance
S&P 500

New Buys

Ticker	$ Bought
walker & dunlop inc	5,014,940
duos technologies group inc	3,978,800
anterix inc	3,341,620
u haul holding company	2,077,160
kosmos energy ltd	2,001,040
united states antimony corp	7,857

New stocks bought by GRATIA CAPITAL, LLC

Additions

Ticker	% Inc.
franklin bsp rlty tr inc	164
tpg re fin tr inc	33.00
dave inc	15.53
better home & finance holdin	8.55

Additions to existing portfolio by GRATIA CAPITAL, LLC

Reductions

Ticker	% Reduced
cadiz inc	-66.19
aehr test sys	-62.52
national cinemedia inc	-51.08
tsakos energy navigation ltd	-30.16
mastercraft boat hldgs inc	-25.23
navios maritime partners lp	-24.36
magnera corp	-4.77
comstock inc	-4.32

GRATIA CAPITAL, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
brightspire capital inc	-2,808,880
a2z cust2mate solutions corp	-2,574,120
terawulf inc	-3,493,400
mfa finl inc	-2,099,120
jakks pac inc	-3,030,300
arq inc	-506,850
doubledown interactive co lt	-784,208
boyd gaming corp	-3,954,200

GRATIA CAPITAL, LLC got rid off the above stocks

Sector Distribution

GRATIA CAPITAL, LLC has about 48.4% of it's holdings in Real Estate sector.

Real Estate
Others
Technology
Financial Services
Communication Services
Consumer Cyclical
Industrials
Utilities
Energy

Sector	%
Real Estate	48.4
Others	20.6
Technology	11.2
Financial Services	4.7
Communication Services	4.1
Consumer Cyclical	3.8
Industrials	2.9
Utilities	2.4
Energy	1.9

Market Cap. Distribution

GRATIA CAPITAL, LLC has about 2% of it's portfolio invested in the large-cap and mega-cap stocks.

SMALL-CAP
UNALLOCATED
MID-CAP
MICRO-CAP
LARGE-CAP

Category	%
SMALL-CAP	56
UNALLOCATED	20.6
MID-CAP	11.3
MICRO-CAP	10
LARGE-CAP	2

Stocks belong to which Index?

About 63.9% of the stocks held by GRATIA CAPITAL, LLC either belong to S&P 500 or RUSSELL 2000 index.

RUSSELL 2000
Others

Index	%
RUSSELL 2000	63.9
Others	36.1

Top 5 Winners (%)		%
TNP	tsakos energy navigation ltd	64.5 %
AEHR	aehr test sys	57.5 %
NMM	navios maritime partners lp	25.2 %
	better home & finance holdin	8.9 %
MCFT	mastercraft boat hldgs inc	7.4 %

Top 5 Winners ($)		$
TNP	tsakos energy navigation ltd	2.1 M
NMM	navios maritime partners lp	1.8 M
AEHR	aehr test sys	1.6 M
MCFT	mastercraft boat hldgs inc	0.4 M
	better home & finance holdin	0.3 M

Top 5 Losers (%)		%
GPMT	granite pt mtg tr inc	-39.6 %
	magnera corp	-36.3 %
ACHR	archer aviation inc	-31.3 %
	helport ai ltd	-30.9 %
	synergy chc corp	-30.5 %

Top 5 Losers ($)		$
FBRT	franklin bsp rlty tr inc	-2.4 M
GPMT	granite pt mtg tr inc	-2.1 M
TRTX	tpg re fin tr inc	-1.9 M
	magnera corp	-1.7 M
DAVE	dave inc	-1.5 M

GRATIA CAPITAL, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of GRATIA CAPITAL, LLC

GRATIA CAPITAL, LLC has 24 stocks in it's portfolio. About 34.4% of the portfolio is in top 10 stocks. FBRT proved to be the most loss making stock for the portfolio. TNP was the most profitable stock for GRATIA CAPITAL, LLC last quarter.

Last Reported on: 15 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACHR	archer aviation inc	0.44	192,793	996,740	unchanged	0.00

ADES	arq inc	0.00	0.00	0.00	sold off	-100

AEHR	aehr test sys	0.84	51,560	1,911,840	reduced	-62.52

ATEX	anterix inc	1.47	87,500	3,341,620	new

BRSP	brightspire capital inc	0.00	0.00	0.00	sold off	-100

BYD	boyd gaming corp	0.00	0.00	0.00	sold off	-100

BZH	beazer homes usa inc	0.00	0.00	0.00	sold off	-100

CDZI	cadiz inc	1.09	505,956	2,484,240	reduced	-66.19

CMTG	claros mtg tr inc	1.78	1,700,080	4,046,200	unchanged	0.00

DAVE	dave inc	2.62	34,225	5,958,230	added	15.53

DDI	doubledown interactive co lt	0.00	0.00	0.00	sold off	-100

DUOT	duos technologies group inc	1.75	580,000	3,978,800	new

FBRT	franklin bsp rlty tr inc	8.52	2,278,700	19,346,200	added	164

GPMT	granite pt mtg tr inc	1.43	2,239,310	3,247,000	unchanged	0.00

JAKK	jakks pac inc	0.00	0.00	0.00	sold off	-100

KOS	kosmos energy ltd	0.88	719,800	2,001,040	new

LODE	comstock inc	1.49	1,106,420	3,374,580	reduced	-4.32

MCFT	mastercraft boat hldgs inc	1.76	195,040	4,000,270	reduced	-25.23

MFA	mfa finl inc	0.00	0.00	0.00	sold off	-100

NCMI	national cinemedia inc	0.43	318,000	969,900	reduced	-51.08