Gratia Capital, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Gratia Capital, LLC disclosed 28 US equity positions worth $112.9m in its Q3 2025 13F filing. The largest position was TRTX at 16.4% of the reported book, followed by FBRT and NMM. Against the Q2 2025 filing, it opened 7 new positions, added to 7 and reduced 9 among the top 28 holdings.
What did Gratia Capital, LLC own in Q3 2025? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TRTX TPG RE FIN TR INC | Real Estate | 16.4% | $18.5m | 2,158,787 | -19% | reduced |
| 2 | FBRT FRANKLIN BSP RLTY TR INC | 7.7% | $8.7m | 800,571 | -2% | reduced | |
| 3 | NMM NAVIOS MARITIME PARTNERS L P | 5.7% | $6.4m | 142,156 | 6% | added | |
| 4 | CMTG CLAROS MTG TR INC | 5.0% | $5.6m | 1,700,084 | 27% | added | |
| 5 | MCFT MASTERCRAFT BOAT HLDGS INC | Consumer Cyclical | 4.8% | $5.4m | 250,000 | 9% | added |
| 6 | GPMT GRANITE PT MTG TR INC | 4.5% | $5.1m | 1,707,826 | 157% | added | |
| 7 | SUNS SUNRISE RLTY TR INC | 4.2% | $4.7m | 453,816 | 2% | added | |
| 8 | AEHR AEHR TEST SYS | Technology | 3.7% | $4.2m | 139,560 | – | new |
| 9 | BYD BOYD GAMING CORP | Consumer Cyclical | 3.6% | $4.0m | 46,389 | -2% | reduced |
| 10 | CDZI CADIZ INC | 3.5% | $3.9m | 828,666 | 12% | added | |
| 11 | XPOF XPONENTIAL FITNESS INC | Consumer Cyclical | 3.3% | $3.7m | 475,140 | -38% | reduced |
| 12 | MAGN MAGNERA CORP | 3.3% | $3.7m | 314,627 | 0% | held | |
| 13 | DUOT DUOS TECHNOLOGIES GROUP INC | 3.2% | $3.6m | 495,590 | – | new | |
| 14 | BETR BETTER HOME & FINANCE HOLDIN | 3.0% | $3.4m | 60,700 | -58% | reduced | |
| 15 | AZ A2Z CUST2MATE SOLUTIONS CORP | 3.0% | $3.4m | 422,000 | – | new | |
| 16 | JAKK JAKKS PAC INC | Consumer Cyclical | 3.0% | $3.4m | 179,520 | 20% | added |
| 17 | LODE COMSTOCK INC | 2.9% | $3.3m | 957,423 | – | new | |
| 18 | TSAKOS ENERGY NAVIGATION LTD | 2.9% | $3.2m | 145,228 | 0% | held | |
| 19 | ARQ ARQ INC | Industrials | 2.8% | $3.2m | 442,020 | -48% | reduced |
| 20 | BRSP BRIGHTSPIRE CAPITAL INC | 2.6% | $3.0m | 550,000 | -8% | reduced | |
| 21 | NCMI NATIONAL CINEMEDIA INC | 2.6% | $2.9m | 650,000 | – | new | |
| 22 | ACHR ARCHER AVIATION INC | 2.1% | $2.4m | 250,000 | 0% | held | |
| 23 | MFA MFA FINL INC | Real Estate | 1.8% | $2.1m | 225,469 | 0% | held |
| 24 | WW INTL INC | 1.5% | $1.7m | 63,241 | – | new | |
| 25 | ACR ACRES COMMERCIAL REALTY CORP | 1.4% | $1.5m | 72,543 | -42% | reduced | |
| 26 | SYNERGY CHC CORP | 1.2% | $1.4m | 555,000 | – | new | |
| 27 | HELPORT AI LTD | 0.2% | $257.6k | 1,304,514 | 0% | held | |
| 28 | CBUS CIBUS INC | 0.2% | $215.7k | 167,245 | -80% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.