GRATIA CAPITAL, LLC

Q3 2025 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
34
Total value ($000)
$139,410
Net value change ($000)
+36,883 (36.0%)
New positions
7
Sold out positions
1
Turnover %
21.4%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
AEHR 4,202 NEW
DUOT 3,648 NEW
GPMT 3,479 211.6%
AZ 3,372 NEW
LODE 3,274 NEW
NCMI 2,932 NEW
CMTG 1,837 48.3%
WW 1,730 NEW
CDZI 1,706 77.4%
BETR 1,611 89.6%
Top Reduces (Value $000, Stocks/ETFs)
BZH -3,611 -100.0%
TRTX -2,092 -10.2%
XPOF -2,077 -35.9%
ARQ -1,442 -31.3%
CBUS -967 -81.7%
ACR -725 -32.1%
ACHR -318 -11.7%
MAGN -114 -3.0%
MFA -61 -2.9%
FBRT -49 -0.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 26,538 (19.0% 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