AI Portfolio Summary
In 2025 Q4, GRATIA CAPITAL, LLC maintained a portfolio of 38 distinct positions. The most significant new addition to the portfolio was DAVE INC, which now represents 4.89% of the total fund value. They heavily accumulated shares in FRANKLIN BSP RLTY TR, increasing their position by 7.8%. Conversely, GRATIA CAPITAL, LLC completely exited their position in TPG RE FIN TR INC.
Total Positions
38
Quarter
2025 Q4
Top Holding
TRTX (13.0%)
Top 10 Concentration
61.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 38
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
TRTX
TPG RE FIN TR I...
|
Real Estate | 13.04% | 13.26% |
#1
Prev: #1
|
5.2 | -127,419 | -5.9% |
P
S
|
2,031,368 | $17,490,078 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HPP
CALL
HUDSON PAC PPTY...
|
CALL Option | 8.07% | 1.98% |
#2
22
Prev: #24
|
3.2 | no change | no change |
P
S
|
1,000,000 | $10,830,000 | 2014 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FBRT
FRANKLIN BSP RL...
|
Real Estate | 6.45% | 6.24% |
#3
Prev: #3
|
4.6 | 62,351 | 7.8% |
P
S
|
862,922 | $8,655,108 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CDZI
CADIZ INC
|
Utilities | 6.26% | 2.81% |
#4
8
Prev: #12
|
4.7 | 667,828 | 80.6% |
P
S
|
1,496,494 | $8,395,331 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AEHR
CALL
AEHR TEST SYS
|
CALL Option | 6.02% | 8.64% |
#5
3
Prev: #2
|
2.4 | no change | no change |
P
S
|
400,000 | $8,076,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NMM
NAVIOS MARITIME...
|
Industrials | 5.26% | 4.59% |
#6
2
Prev: #4
|
2.1 | -7,500 | -5.3% |
P
S
|
134,656 | $7,060,014 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DAVE
DAVE INC
|
Technology | 4.89% | — |
#7
Prev: #—
|
4.0 | 29,625 | no change |
NEW
|
29,625 | $6,559,271 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GPMT
GRANITE PT MTG ...
|
Real Estate | 4.01% | 3.68% |
#8
1
Prev: #7
|
3.7 | 531,483 | 31.1% |
P
S
|
2,239,309 | $5,374,342 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CMTG
CLAROS MTG TR I...
|
Real Estate | 3.88% | 4.05% |
#9
4
Prev: #5
|
1.6 | no change | no change |
P
S
|
1,700,084 | $5,202,257 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MCFT
MASTERCRAFT BOA...
|
Consumer Cyclical | 3.68% | 3.85% |
#10
4
Prev: #6
|
3.5 | 10,840 | 4.3% |
P
S
|
260,840 | $4,932,484 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MAGN
MAGNERA CORP
|
Consumer Defensive | 3.55% | 2.65% |
#11
3
Prev: #14
|
1.4 | no change | no change |
P
S
|
314,627 | $4,763,453 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LODE
COMSTOCK INC
|
Basic Materials | 3.24% | 2.35% |
#12
7
Prev: #19
|
3.4 | 199,000 | 20.8% |
P
S
|
1,156,423 | $4,348,150 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SUNS
SUNRISE RLTY TR...
|
Real Estate | 3.19% | 3.38% |
#13
5
Prev: #8
|
1.3 | no change | no change |
P
S
|
453,816 | $4,279,485 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BYD
BOYD GAMING COR...
|
Consumer Cyclical | 2.95% | 2.88% |
#14
3
Prev: #11
|
1.2 | no change | no change |
P
S
|
46,389 | $3,954,198 | 2016 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WULF
TERAWULF INC
|
Financial Services | 2.60% | — |
#15
Prev: #—
|
3.0 | 304,038 | no change |
NEW
|
304,038 | $3,493,397 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BETR
BETTER HOME & F...
|
Financial Services | 2.47% | 2.44% |
#16
Prev: #16
|
3.2 | 40,963 | 67.5% |
P
S
|
101,663 | $3,312,181 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TEN
TSAKOS ENERGY N...
|
Energy | 2.39% | 2.31% |
#17
3
Prev: #20
|
1.0 | -2,000 | -1.4% |
P
S
|
143,228 | $3,211,172 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JAKK
JAKKS PAC INC
|
Consumer Cyclical | 2.26% | 2.41% |
#18
Prev: #18
|
0.9 | no change | no change |
P
S
|
179,520 | $3,030,298 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BRSP
BRIGHTSPIRE CAP...
|
Real Estate | 2.09% | 2.14% |
#19
3
Prev: #22
|
0.9 | -48,415 | -8.8% |
P
S
|
501,585 | $2,808,876 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AEHR
AEHR TEST SYS
|
Technology | 2.07% | 3.01% |
#20
10
Prev: #10
|
0.8 | -2,000 | -1.4% |
P
S
|
137,560 | $2,777,336 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AZ
A2Z CUST2MATE S...
|
Technology | 1.92% | 2.42% |
#21
4
Prev: #17
|
0.8 | -26,590 | -6.3% |
P
S
|
395,410 | $2,574,119 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NCMI
NATIONAL CINEME...
|
Communication Services | 1.88% | 2.10% |
#22
1
Prev: #23
|
0.8 | no change | no change |
P
S
|
650,000 | $2,528,500 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UAMY
CALL
UNITED STATES A...
|
CALL Option | 1.57% | 1.87% |
#23
2
Prev: #25
|
0.6 | no change | no change |
P
S
|
420,000 | $2,108,400 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MFA
MFA FINL INC
|
Real Estate | 1.56% | 1.49% |
#24
5
Prev: #29
|
0.6 | no change | no change |
P
S
|
225,469 | $2,099,116 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ACHR
ARCHER AVIATION...
|
Industrials | 1.08% | 1.72% |
#25
2
Prev: #27
|
0.5 | -57,207 | -22.9% |
P
S
|
192,793 | $1,449,803 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TRTX
CALL
TPG RE FIN TR I...
|
CALL Option | 0.00% | 3.07% |
Sold All 😨
(Was: #9) |
0.3 | -500,000 | -100.0% |
CLOSED
|
— | $— | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XPOF
XPONENTIAL FITN...
|
Consumer Cyclical | 0.00% | 2.66% |
Sold All 😨
(Was: #13) |
0.3 | -475,140 | -100.0% |
CLOSED
|
— | $— | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DUOT
DUOS TECHNOLOGI...
|
Technology | 0.00% | 2.62% |
Sold All 😨
(Was: #15) |
0.3 | -495,590 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CDZI
CALL
CADIZ INC
|
CALL Option | 0.00% | 1.69% |
Sold All 😨
(Was: #28) |
0.3 | -500,000 | -100.0% |
CLOSED
|
— | $— | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WW
WW INTL INC
|
Consumer Cyclical | 0.00% | 1.24% |
Sold All 😨
(Was: #30) |
0.3 | -63,241 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ACR
ACRES COMMERCIA...
|
Real Estate | 0.00% | 1.10% |
Sold All 😨
(Was: #31) |
0.3 | -72,543 | -100.0% |
CLOSED
|
— | $— | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CBUS
CIBUS INC
|
Healthcare | 0.00% | 0.15% |
Sold All 😨
(Was: #34) |
0.3 | -167,245 | -100.0% |
CLOSED
|
— | $— | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 38 holdings