GRATIA CAPITAL, LLC

Q1 2026 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
34
Total value ($000)
$227,173
Net value change ($000)
+93,029 (69.4%)
New positions
6
Sold out positions
9
Turnover %
34.7%
Sector allocation + QoQ delta (equities-only)

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

Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
FBRT 10,691 123.5%
WD 5,015 NEW
DUOT 3,979 NEW
TRTX 3,611 20.6%
ATEX 3,342 NEW
UHAL 2,077 NEW
KOS 2,001 NEW
TEN 736 22.9%
BETR 619 18.7%
UAMY 8 NEW
Top Reduces (Value $000, Stocks/ETFs)
CDZI -5,911 -70.4%
BYD -3,954 -100.0%
WULF -3,493 -100.0%
JAKK -3,030 -100.0%
BRSP -2,809 -100.0%
AZ -2,574 -100.0%
GPMT -2,127 -39.6%
MFA -2,099 -100.0%
MAGN -1,914 -40.2%
NCMI -1,559 -61.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 121,497 (53.5% 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