GRATIA CAPITAL, LLC

Q4 2025 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
31
Total value ($000)
$134,144
Net value change ($000)
-5,266 (-3.8%)
New positions
4
Sold out positions
5
Turnover %
20.3%
Sector allocation + QoQ delta (equities-only)

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

Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
DAVE 6,559 NEW
CDZI 4,484 114.7%
WULF 3,493 NEW
MAGN 1,076 29.2%
LODE 1,074 32.8%
BZH 935 NEW
DDI 784 NEW
NAVIOS MARITIME PARTNERS L P 656 10.2%
GPMT 251 4.9%
MFA 27 1.3%
Top Reduces (Value $000, Stocks/ETFs)
XPOF -3,701 -100.0%
DUOT -3,648 -100.0%
ARQ -2,658 -84.0%
WW -1,730 -100.0%
ACR -1,535 -100.0%
AEHR -1,425 -33.9%
TRTX -989 -5.4%
ACHR -945 -39.5%
AZ -798 -23.7%
CMTG -442 -7.8%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 22,379 (16.7% 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