GRATIA CAPITAL, LLC

Filed: 2/14/2025ACC: 0001599793-25-000001

📋 What this filing means

GRATIA CAPITAL, LLC filed this quarterly 13F‑HR report disclosing 23 equity positions with a total reported market value of $102.16M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$102.16M

Total AUM (reported)

10.02M

Total Shares

Allocation by class

COM$38.33M37.5%

COM CL A$18.71M18.3%

COMMON STOCK$12.88M12.6%

SHS$9.61M9.4%

COM NEW$5.96M5.8%

COM SHS$5.33M5.2%

COM UNIT LPI$4.73M4.6%

Portfolio Concentration

Top 3$33.54M32.8%

4–10$37.34M36.5%

11–25$31.28M30.6%

Top 3 weight

32.8%

Top 10 weight

69.4%

Voting Authority Distribution

Total shares with voting rights: 10.02M

Sole

Full voting authority

8.46M

% of voting shares84.4%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.56M

% of voting shares15.6%

Investment Discretion (by position count)

Sole23

Shared0

Other0

Dominant voting typeSole · 84.4% of voting shares

Institutional Holdings23

Rows:

TPG RE FIN TR INC

SOLE

COM

Shares1.81M

TypeSH

Market value$15.36M

15.04%

Sole

1.19M

Shared

0.00

None

614.40K

XPONENTIAL FITNESS INC

SOLE

COM CL A

Shares771.17K

TypeSH

Market value$10.37M

10.15%

Sole

171.17K

Shared

0.00

None

600K

FRANKLIN BSP RLTY TR INC

SOLE

COMMON STOCK

Shares622.62K

TypeSH

Market value$7.81M

7.64%

Sole

622.62K

Shared

0.00

None

0.00

LEGGETT & PLATT INC

SOLE

COM

Shares700K

TypeSH

Market value$6.72M

6.58%

Sole

350K

Shared

0.00

None

350K

FIRSTCASH HOLDINGS INC

SOLE

COM

Shares58.01K

TypeSH

Market value$6.01M

5.88%

Sole

58.01K

Shared

0.00

None

0.00

MAGNERA CORP

SOLE

COM SHS

Shares293.23K

TypeSH

Market value$5.33M

5.22%

Sole

293.23K

Shared

0.00

None

0.00

CBL & ASSOC PPTYS INC

SOLE

COMMON STOCK

Shares172.35K

TypeSH

Market value$5.07M

4.96%

Sole

172.35K

Shared

0.00

None

0.00

ARCHER AVIATION INC

SOLE

COM CL A

Shares507.57K

TypeSH

Market value$4.95M

4.84%

Sole

507.57K

Shared

0.00

None

0.00

NAVIOS MARITIME PARTNERS L P

SOLE

COM UNIT LPI

Shares109.36K

TypeSH

Market value$4.73M

4.63%

Sole

109.36K

Shared

0.00

None

0.00

NAVIGATOR HLDGS LTD

SOLE

SHS

Shares295K

TypeSH

Market value$4.53M

4.43%

Sole

295K

Shared

0.00

None

0.00

ABACUS LIFE INC

SOLE

CL A

Shares553.40K

TypeSH

Market value$4.33M

4.24%

Sole

553.40K

Shared

0.00

None

0.00

BOYD GAMING CORP

SOLE

COM

Shares57.80K

TypeSH

Market value$4.19M

4.10%

Sole

57.80K

Shared

0.00

None

0.00

BRIGHTSPIRE CAPITAL INC

SOLE

COM CL A

Shares600K

TypeSH

Market value$3.38M

3.31%

Sole

600K

Shared

0.00

None

0.00

KKR REAL ESTATE FIN TR INC

SOLE

COM

Shares330K

TypeSH

Market value$3.33M

3.26%

Sole

330K

Shared

0.00

None

0.00

LANDSEA HOMES CORP

SOLE

COM

Shares320K

TypeSH

Market value$2.72M

2.66%

Sole

320K

Shared

0.00

None

0.00

SCORPIO TANKERS INC

SOLE

SHS

Shares51.50K

TypeSH

Market value$2.56M

2.50%

Sole

51.50K

Shared

0.00

None

0.00

TSAKOS ENERGY NAVIGATION LTD

SOLE

SHS

Shares145.23K

TypeSH

Market value$2.52M

2.47%

Sole

145.23K

Shared

0.00

None

0.00

BEAZER HOMES USA INC

SOLE

COM NEW

Shares80K

TypeSH

Market value$2.20M

2.15%

Sole

80K

Shared

0.00

None

0.00

GRANITE PT MTG TR INC

SOLE

COM STK

Shares700K

TypeSH

Market value$1.95M

1.91%

Sole

700K

Shared

0.00

None

0.00

CADIZ INC

SOLE

COM NEW

Shares320K

TypeSH

Market value$1.66M

1.63%

Sole

320K

Shared

0.00

None

0.00

ACRES COMMERCIAL REALTY CORP

SOLE

COM NEW

Shares101.31K

TypeSH

Market value$1.64M

1.60%

Sole

101.31K

Shared

0.00

None

0.00

SYNERGY CHC CORP

SOLE

COM NEW

Shares105.94K

TypeSH

Market value$466.2K

0.46%

Sole

105.94K

Shared

0.00

None

0.00

HELPORT AI LTD

SOLE

*W EXP 03/31/202

Shares1.32M

TypeSH

Market value$326.8K

0.32%

Sole

1.32M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
TPG RE FIN TR INCSOLE	COM	1.81M	SH	$15.36M 15.04%	1.19M	614.40K
XPONENTIAL FITNESS INCSOLE	COM CL A	771.17K	SH	$10.37M 10.15%	171.17K	600K
FRANKLIN BSP RLTY TR INCSOLE	COMMON STOCK	622.62K	SH	$7.81M 7.64%	622.62K	0.00
LEGGETT & PLATT INCSOLE	COM	700K	SH	$6.72M 6.58%	350K	350K
FIRSTCASH HOLDINGS INCSOLE	COM	58.01K	SH	$6.01M 5.88%	58.01K	0.00
MAGNERA CORPSOLE	COM SHS	293.23K	SH	$5.33M 5.22%	293.23K	0.00
CBL & ASSOC PPTYS INCSOLE	COMMON STOCK	172.35K	SH	$5.07M 4.96%	172.35K	0.00
ARCHER AVIATION INCSOLE	COM CL A	507.57K	SH	$4.95M 4.84%	507.57K	0.00
NAVIOS MARITIME PARTNERS L PSOLE	COM UNIT LPI	109.36K	SH	$4.73M 4.63%	109.36K	0.00
NAVIGATOR HLDGS LTDSOLE	SHS	295K	SH	$4.53M 4.43%	295K	0.00
ABACUS LIFE INCSOLE	CL A	553.40K	SH	$4.33M 4.24%	553.40K	0.00
BOYD GAMING CORPSOLE	COM	57.80K	SH	$4.19M 4.10%	57.80K	0.00
BRIGHTSPIRE CAPITAL INCSOLE	COM CL A	600K	SH	$3.38M 3.31%	600K	0.00
KKR REAL ESTATE FIN TR INCSOLE	COM	330K	SH	$3.33M 3.26%	330K	0.00
LANDSEA HOMES CORPSOLE	COM	320K	SH	$2.72M 2.66%	320K	0.00
SCORPIO TANKERS INCSOLE	SHS	51.50K	SH	$2.56M 2.50%	51.50K	0.00
TSAKOS ENERGY NAVIGATION LTDSOLE	SHS	145.23K	SH	$2.52M 2.47%	145.23K	0.00
BEAZER HOMES USA INCSOLE	COM NEW	80K	SH	$2.20M 2.15%	80K	0.00
GRANITE PT MTG TR INCSOLE	COM STK	700K	SH	$1.95M 1.91%	700K	0.00
CADIZ INCSOLE	COM NEW	320K	SH	$1.66M 1.63%	320K	0.00
ACRES COMMERCIAL REALTY CORPSOLE	COM NEW	101.31K	SH	$1.64M 1.60%	101.31K	0.00
SYNERGY CHC CORPSOLE	COM NEW	105.94K	SH	$466.2K 0.46%	105.94K	0.00
HELPORT AI LTDSOLE	*W EXP 03/31/202	1.32M	SH	$326.8K 0.32%	1.32M	0.00