Latest GRATIA CAPITAL, LLC Stock Portfolio

GRATIA CAPITAL, LLC Performance:

2025 Q4: -5.19%YTD: -5.16%2024: 5.07%

Performance for 2025 Q4 is -5.19%, and YTD is -5.16%, and 2024 is 5.07%.

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

GRATIA CAPITAL, LLC is a hedge fund based in Los Angeles, CA. On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, GRATIA CAPITAL, LLC reported an equity portfolio of $134.1 Millions as of 31 Dec, 2025.

The top stock holdings of GRATIA CAPITAL, LLC are TRTX, FBRT, CDZI. The fund has invested 13% of it's portfolio in TPG RE FIN TR INC and 6.4% of portfolio in FRANKLIN BSP RLTY TR INC.

The fund managers got completely rid off XPONENTIAL FITNESS INC (XPOF), DUOS TECHNOLOGIES GROUP INC (DUOT) and WW INTL INC (WW) stocks. They significantly reduced their stock positions in ARQ INC (ADES), ARCHER AVIATION INC (ACHR) and BRIGHTSPIRE CAPITAL INC (BRSP). GRATIA CAPITAL, LLC opened new stock positions in DAVE INC (DAVE), TERAWULF INC (WULF) and BEAZER HOMES USA INC (BZH). The fund showed a lot of confidence in some stocks as they added substantially to CADIZ INC (CDZI), BETTER HOME & FINANCE HOLDIN and GRANITE PT MTG TR INC (GPMT).

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

Our best estimate is that GRATIA CAPITAL, LLC made a return of -5.19% in the last quarter. In trailing 12 months, it's portfolio return was -5.16%.

Performance
S&P 500

New Buys

Ticker	$ Bought
dave inc	6,559,270
terawulf inc	3,493,400
beazer homes usa inc	935,075
doubledown interactive co lt	784,208

New stocks bought by GRATIA CAPITAL, LLC

Additions

Ticker	% Inc.
cadiz inc	80.59
better home & finance holdin	67.48
granite pt mtg tr inc	31.12
comstock inc	20.78
franklin bsp rlty tr inc	7.79
mastercraft boat hldgs inc	4.34

Additions to existing portfolio by GRATIA CAPITAL, LLC

Reductions

Ticker	% Reduced
arq inc	-64.93
archer aviation inc	-22.88
brightspire capital inc	-8.8
a2z cust2mate solutions corp	-6.3
tpg re fin tr inc	-5.9
navios maritime partners l p	-5.28
aehr test sys	-1.43
tsakos energy navigation ltd	-1.38

GRATIA CAPITAL, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
duos technologies group inc	-3,647,540
xponential fitness inc	-3,701,340
cibus inc	-215,746
acres commercial realty corp	-1,535,010
ww intl inc	-1,730,270

GRATIA CAPITAL, LLC got rid off the above stocks

Sector Distribution

GRATIA CAPITAL, LLC has about 41.1% of it's holdings in Real Estate sector.

Sector	%
Real Estate	41.1
Others	24.4
Consumer Cyclical	11.5
Technology	8.4
Utilities	7.5
Financial Services	3.1
Communication Services	2.3
Industrials	1.8

Market Cap. Distribution

GRATIA CAPITAL, LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
SMALL-CAP	49.9
UNALLOCATED	24.4
MID-CAP	13.8
MICRO-CAP	11.4

Stocks belong to which Index?

About 59.6% of the stocks held by GRATIA CAPITAL, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	59.6
Others	40.4

Top 5 Winners (%)		%
	magnera corp	29.2 %
NMM	navios maritime partners l p	15.9 %
CDZI	cadiz inc	14.1 %
LODE	comstock inc	9.0 %
BRSP	brightspire capital inc	3.0 %

Top 5 Winners ($)		$
	magnera corp	1.1 M
CDZI	cadiz inc	1.0 M
NMM	navios maritime partners l p	1.0 M
LODE	comstock inc	0.4 M
TRTX	tpg re fin tr inc	0.1 M

Top 5 Losers (%)		%
ADES	arq inc	-36.7 %
	better home & finance holdin	-36.6 %
AEHR	aehr test sys	-32.7 %
	synergy chc corp	-23.8 %
	helport ai ltd	-19.4 %

Top 5 Losers ($)		$
	better home & finance holdin	-1.9 M
AEHR	aehr test sys	-1.4 M
GPMT	granite pt mtg tr inc	-1.2 M
ADES	arq inc	-1.2 M
FBRT	franklin bsp rlty tr inc	-0.7 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 27 stocks in it's portfolio. About 54.3% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. was the most profitable stock for GRATIA CAPITAL, LLC last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACHR	archer aviation inc	1.08	192,793	1,449,800	reduced	-22.88

ACR	acres commercial realty corp	0.00	0.00	0.00	sold off	-100

ADES	arq inc	0.38	155,000	506,850	reduced	-64.93

AEHR	aehr test sys	2.07	137,560	2,777,340	reduced	-1.43

BRSP	brightspire capital inc	2.09	501,585	2,808,880	reduced	-8.8

BYD	boyd gaming corp	2.95	46,389	3,954,200	unchanged	0.00

BZH	beazer homes usa inc	0.70	46,131	935,075	new

CDZI	cadiz inc	6.26	1,496,490	8,395,330	added	80.59

CMTG	claros mtg tr inc	3.88	1,700,080	5,202,260	unchanged	0.00

DAVE	dave inc	4.89	29,625	6,559,270	new

DDI	doubledown interactive co lt	0.58	90,870	784,208	new

DUOT	duos technologies group inc	0.00	0.00	0.00	sold off	-100

FBRT	franklin bsp rlty tr inc	6.45	862,922	8,655,110	added	7.79

GPMT	granite pt mtg tr inc	4.01	2,239,310	5,374,340	added	31.12

JAKK	jakks pac inc	2.26	179,520	3,030,300	unchanged	0.00

LODE	comstock inc	3.24	1,156,420	4,348,150	added	20.78

MCFT	mastercraft boat hldgs inc	3.68	260,840	4,932,480	added	4.34

MFA	mfa finl inc	1.56	225,469	2,099,120	unchanged	0.00

NCMI	national cinemedia inc	1.89	650,000	2,528,500	unchanged	0.00

NMM	navios maritime partners l p	5.26	134,656	7,060,010	reduced	-5.28