Filed: 2/17/2026ACC: 0001599793-26-000002
📋 What this filing means
GRATIA CAPITAL, LLC filed this quarterly 13F‑HR report disclosing 30 equity positions with a total reported market value of $134.14M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
30
Positions
$134.14M
Total AUM (reported)
19.03M
Total Shares
Allocation by class
COM$64.49M48.1%
COM NEW$15.92M11.9%
COMMON STOCK$13.86M10.3%
COM SHS$9.11M6.8%
COM UNIT LPI$7.06M5.3%
CLASS A COM NEW$6.56M4.9%
COM STK$5.37M4.0%
Portfolio Concentration
Top 3$39.17M29.2%
4–10$46.18M34.4%
11–25$45.33M33.8%
Rest$3.47M2.6%
Top 3 weight
29.2%
Top 10 weight
63.6%
Voting Authority Distribution
Total shares with voting rights: 19.03M
Sole
Full voting authority
15.71M
shares
% of voting shares82.6%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.32M
shares
% of voting shares17.4%
Investment Discretion (by position count)
Sole30
Shared0
Other0
Dominant voting typeSole · 82.6% of voting shares
Institutional Holdings30
Rows:
TPG RE FIN TR INC
SOLEShares2.03M
TypeSH
Market value$17.49M
13.04%
Sole
2.03M
Shared
0.00
None
0.00
AEHR TEST SYS
SOLEShares537.56K
TypeSH
Market value$10.85M
8.09%
Sole
137.56K
Shared
0.00
None
400K
HUDSON PAC PPTYS INC
SOLEShares1M
TypeSH
Market value$10.83M
8.07%
Sole
0.00
Shared
0.00
None
1M
FRANKLIN BSP RLTY TR INC
SOLEShares862.92K
TypeSH
Market value$8.66M
6.45%
Sole
862.92K
Shared
0.00
None
0.00
CADIZ INC
SOLEShares1.50M
TypeSH
Market value$8.40M
6.26%
Sole
1.50M
Shared
0.00
None
0.00
NAVIOS MARITIME PARTNERS L P
SOLEShares134.66K
TypeSH
Market value$7.06M
5.26%
Sole
134.66K
Shared
0.00
None
0.00
DAVE INC
SOLEShares29.63K
TypeSH
Market value$6.56M
4.89%
Sole
29.63K
Shared
0.00
None
0.00
GRANITE PT MTG TR INC
SOLEShares2.24M
TypeSH
Market value$5.37M
4.01%
Sole
2.24M
Shared
0.00
None
0.00
CLAROS MTG TR INC
SOLEShares1.70M
TypeSH
Market value$5.20M
3.88%
Sole
1.70M
Shared
0.00
None
0.00
MASTERCRAFT BOAT HLDGS INC
SOLEShares260.84K
TypeSH
Market value$4.93M
3.68%
Sole
260.84K
Shared
0.00
None
0.00
MAGNERA CORP
SOLEShares314.63K
TypeSH
Market value$4.76M
3.55%
Sole
314.63K
Shared
0.00
None
0.00
COMSTOCK INC
SOLEShares1.16M
TypeSH
Market value$4.35M
3.24%
Sole
1.16M
Shared
0.00
None
0.00
SUNRISE RLTY TR INC
SOLEShares453.82K
TypeSH
Market value$4.28M
3.19%
Sole
453.82K
Shared
0.00
None
0.00
BOYD GAMING CORP
SOLEShares46.39K
TypeSH
Market value$3.95M
2.95%
Sole
46.39K
Shared
0.00
None
0.00
TERAWULF INC
SOLEShares304.04K
TypeSH
Market value$3.49M
2.60%
Sole
304.04K
Shared
0.00
None
0.00
BETTER HOME & FINANCE HOLDIN
SOLEShares101.66K
TypeSH
Market value$3.31M
2.47%
Sole
101.66K
Shared
0.00
None
0.00
TSAKOS ENERGY NAVIGATION LTD
SOLEShares143.23K
TypeSH
Market value$3.21M
2.39%
Sole
143.23K
Shared
0.00
None
0.00
JAKKS PAC INC
SOLEShares179.52K
TypeSH
Market value$3.03M
2.26%
Sole
179.52K
Shared
0.00
None
0.00
BRIGHTSPIRE CAPITAL INC
SOLEShares501.58K
TypeSH
Market value$2.81M
2.09%
Sole
501.58K
Shared
0.00
None
0.00
A2Z CUST2MATE SOLUTIONS CORP
SOLEShares395.41K
TypeSH
Market value$2.57M
1.92%
Sole
395.41K
Shared
0.00
None
0.00
NATIONAL CINEMEDIA INC
SOLEShares650K
TypeSH
Market value$2.53M
1.88%
Sole
650K
Shared
0.00
None
0.00
UNITED STATES ANTIMONY CORP
SOLEShares420K
TypeSH
Market value$2.11M
1.57%
Sole
0.00
Shared
0.00
None
420K
MFA FINL INC
SOLEShares225.47K
TypeSH
Market value$2.10M
1.56%
Sole
225.47K
Shared
0.00
None
0.00
ARCHER AVIATION INC
SOLEShares192.79K
TypeSH
Market value$1.45M
1.08%
Sole
192.79K
Shared
0.00
None
0.00
KOSMOS ENERGY LTD
SOLEShares1.50M
TypeSH
Market value$1.36M
1.02%
Sole
0.00
Shared
0.00
None
1.50M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TPG RE FIN TR INCSOLE | COM | 2.03M | SH | $17.49M 13.04% | 2.03M | 0.00 | 0.00 |
AEHR TEST SYSSOLE | COM | 537.56K | SH | $10.85M 8.09% | 137.56K | 0.00 | 400K |
HUDSON PAC PPTYS INCSOLE | COM | 1M | SH | $10.83M 8.07% | 0.00 | 0.00 | 1M |
FRANKLIN BSP RLTY TR INCSOLE | COMMON STOCK | 862.92K | SH | $8.66M 6.45% | 862.92K | 0.00 | 0.00 |
CADIZ INCSOLE | COM NEW | 1.50M | SH | $8.40M 6.26% | 1.50M | 0.00 | 0.00 |
NAVIOS MARITIME PARTNERS L PSOLE | COM UNIT LPI | 134.66K | SH | $7.06M 5.26% | 134.66K | 0.00 | 0.00 |
DAVE INCSOLE | CLASS A COM NEW | 29.63K | SH | $6.56M 4.89% | 29.63K | 0.00 | 0.00 |
GRANITE PT MTG TR INCSOLE | COM STK | 2.24M | SH | $5.37M 4.01% | 2.24M | 0.00 | 0.00 |
CLAROS MTG TR INCSOLE | COMMON STOCK | 1.70M | SH | $5.20M 3.88% | 1.70M | 0.00 | 0.00 |
MASTERCRAFT BOAT HLDGS INCSOLE | COM | 260.84K | SH | $4.93M 3.68% | 260.84K | 0.00 | 0.00 |
MAGNERA CORPSOLE | COM SHS | 314.63K | SH | $4.76M 3.55% | 314.63K | 0.00 | 0.00 |
COMSTOCK INCSOLE | COM SHS | 1.16M | SH | $4.35M 3.24% | 1.16M | 0.00 | 0.00 |
SUNRISE RLTY TR INCSOLE | COM | 453.82K | SH | $4.28M 3.19% | 453.82K | 0.00 | 0.00 |
BOYD GAMING CORPSOLE | COM | 46.39K | SH | $3.95M 2.95% | 46.39K | 0.00 | 0.00 |
TERAWULF INCSOLE | COM | 304.04K | SH | $3.49M 2.60% | 304.04K | 0.00 | 0.00 |
BETTER HOME & FINANCE HOLDINSOLE | COM NEW CL A | 101.66K | SH | $3.31M 2.47% | 101.66K | 0.00 | 0.00 |
TSAKOS ENERGY NAVIGATION LTDSOLE | SHS | 143.23K | SH | $3.21M 2.39% | 143.23K | 0.00 | 0.00 |
JAKKS PAC INCSOLE | COM NEW | 179.52K | SH | $3.03M 2.26% | 179.52K | 0.00 | 0.00 |
BRIGHTSPIRE CAPITAL INCSOLE | COM CL A | 501.58K | SH | $2.81M 2.09% | 501.58K | 0.00 | 0.00 |
A2Z CUST2MATE SOLUTIONS CORPSOLE | COM | 395.41K | SH | $2.57M 1.92% | 395.41K | 0.00 | 0.00 |
NATIONAL CINEMEDIA INCSOLE | COM NEW | 650K | SH | $2.53M 1.88% | 650K | 0.00 | 0.00 |
UNITED STATES ANTIMONY CORPSOLE | COM | 420K | SH | $2.11M 1.57% | 0.00 | 0.00 | 420K |
MFA FINL INCSOLE | COM | 225.47K | SH | $2.10M 1.56% | 225.47K | 0.00 | 0.00 |
ARCHER AVIATION INCSOLE | COM CL A | 192.79K | SH | $1.45M 1.08% | 192.79K | 0.00 | 0.00 |
KOSMOS ENERGY LTDSOLE | COM | 1.50M | SH | $1.36M 1.02% | 0.00 | 0.00 | 1.50M |
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