Gratia Capital, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Gratia Capital, LLC disclosed 27 US equity positions worth $111.8m in its Q4 2025 13F filing. The largest position was TRTX at 15.6% of the reported book, followed by FBRT and CDZI. Against the Q3 2025 filing, it opened 4 new positions, added to 6 and reduced 8 among the top 27 holdings.
What did Gratia Capital, LLC own in Q4 2025? Top 27 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TRTX TPG RE FIN TR INC | Real Estate | 15.6% | $17.5m | 2,031,368 | -6% | reduced |
| 2 | FBRT FRANKLIN BSP RLTY TR INC | 7.7% | $8.7m | 862,922 | 8% | added | |
| 3 | CDZI CADIZ INC | 7.5% | $8.4m | 1,496,494 | 81% | added | |
| 4 | NMM NAVIOS MARITIME PARTNERS L P | 6.3% | $7.1m | 134,656 | -5% | reduced | |
| 5 | DAVE DAVE INC | Technology | 5.9% | $6.6m | 29,625 | – | new |
| 6 | GPMT GRANITE PT MTG TR INC | 4.8% | $5.4m | 2,239,309 | 31% | added | |
| 7 | CMTG CLAROS MTG TR INC | 4.7% | $5.2m | 1,700,084 | 0% | held | |
| 8 | MCFT MASTERCRAFT BOAT HLDGS INC | Consumer Cyclical | 4.4% | $4.9m | 260,840 | 4% | added |
| 9 | MAGN MAGNERA CORP | 4.3% | $4.8m | 314,627 | 0% | held | |
| 10 | LODE COMSTOCK INC | 3.9% | $4.3m | 1,156,423 | 21% | added | |
| 11 | SUNS SUNRISE RLTY TR INC | 3.8% | $4.3m | 453,816 | 0% | held | |
| 12 | BYD BOYD GAMING CORP | Consumer Cyclical | 3.5% | $4.0m | 46,389 | 0% | held |
| 13 | WULF TERAWULF INC | Financial Services | 3.1% | $3.5m | 304,038 | – | new |
| 14 | BETR BETTER HOME & FINANCE HOLDIN | 3.0% | $3.3m | 101,663 | 67% | added | |
| 15 | TSAKOS ENERGY NAVIGATION LTD | 2.9% | $3.2m | 143,228 | -1% | reduced | |
| 16 | JAKK JAKKS PAC INC | Consumer Cyclical | 2.7% | $3.0m | 179,520 | 0% | held |
| 17 | BRSP BRIGHTSPIRE CAPITAL INC | 2.5% | $2.8m | 501,585 | -9% | reduced | |
| 18 | AEHR AEHR TEST SYS | Technology | 2.5% | $2.8m | 137,560 | -1% | reduced |
| 19 | AZ A2Z CUST2MATE SOLUTIONS CORP | 2.3% | $2.6m | 395,410 | -6% | reduced | |
| 20 | NCMI NATIONAL CINEMEDIA INC | 2.3% | $2.5m | 650,000 | 0% | held | |
| 21 | MFA MFA FINL INC | Real Estate | 1.9% | $2.1m | 225,469 | 0% | held |
| 22 | ACHR ARCHER AVIATION INC | 1.3% | $1.4m | 192,793 | -23% | reduced | |
| 23 | SYNERGY CHC CORP | 0.9% | $1.0m | 555,000 | 0% | held | |
| 24 | BZH BEAZER HOMES USA INC | Consumer Cyclical | 0.8% | $935.1k | 46,131 | – | new |
| 25 | DDI DOUBLEDOWN INTERACTIVE CO LT | 0.7% | $784.2k | 90,870 | – | new | |
| 26 | ARQ ARQ INC | Industrials | 0.5% | $506.9k | 155,000 | -65% | reduced |
| 27 | HELPORT AI LTD | 0.2% | $207.7k | 1,304,362 | -0% | held |
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.