GRATIA CAPITAL, LLC

Q1 2014 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
3/31/2014
Date filed
5/14/2014
Form type
13F-HR
Num holdings
45
Total value ($000)
$224,607
Net value change ($000)
+101,519 (82.5%)
New positions
20
Sold out positions
7
Turnover %
58.9%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PROSHARES TRUST 17,435 NEW
COVANTA HOLDING CORP 8,991 NEW
*COLONY FINL INC 8,591 NEW
LAMAR ADVERTISING 6,771 219.5%
DOMINION DIAMOND CORP 6,352 NEW
LADR 6,244 NEW
VECTOR GROUP LTD 4,400 NEW
VEREIT INC COM 4,311 NEW
HRI 3,770 NEW
DDS 3,506 NEW
Top Reduces (Value $000, Stocks/ETFs)
OCEAN RIG UDW INC -7,234 -100.0%
GLPI -4,277 -100.0%
COLE REAL ESTATE INVTS INC COM -3,950 -100.0%
ISLE OF CAPRI CASINOS -3,669 -56.2%
LYV -3,508 -57.6%
MMI -2,980 -100.0%
LGIH -2,805 -43.2%
HAWAIIAN HOLDINGS INC -2,287 -35.4%
PHH CORP -2,040 -46.6%
COLUMBIA PROPERTY TRUST, INC. -1,463 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 30,311 (13.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type