Gratia Capital, LLC holds a focused book of 24 reported positions worth $105.7M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Walker & Dunlop Inc and trimmed Navios Maritime Partners LP. Their largest long position is TPG Re Finance Trust Inc at 20% of the reported non-option book. They also disclosed $49.6M in put options (a bearish bet) and $71.9M in call options (bullish), shown separately below and excluded from the non-option book.
Gratia Capital, LLC is a market maker: this book is hedging inventory, not directional conviction.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
100% mapped to company sectors
+2 sectors below the cut, 3% together
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis
Other tracked managers holding the same core names as Gratia Capital, LLC
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| G2 Investment Partners Management LLC | 2 / 24 | $21.8M |
| Main Street Financial Solutions, LLC | 2 / 24 | $76.3M |
| Alpine Global Management, LLC | 3 / 24 | $30.3M |
| Orchard Capital Management, LLC | 2 / 24 | $4.4M |
| Estuary Capital Management LP | 2 / 24 | $23.5M |
| EVR Research LP | 2 / 24 | $7.0M |
| Bard Associates Inc | 2 / 24 | $15.1M |
| Teton Advisors, LLC | 2 / 24 | $5.8M |
Ranked by the share of each fund's own book sitting in the names it shares with Gratia Capital, LLC: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.
Bars show each position's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | TPG Re Fin TR Inc COM | $21.1M | 2.70M | 20.0% | ▲+33% Added · +670K sh | |
| 2 | Franklin BSP Rlty TR Inc COMMON STOCK | $19.3M | 2.28M | 18.3% | ▲+164% Added · +1.4M sh | |
| 3 | Navios Maritime Partners LP COM UNIT LPI | $6.9M | 101.9K | 6.5% | ▼−24% Reduced · −33K sh | |
| 4 | Dave Inc CLASS A COM NEW | $6.0M | 34.2K | 5.6% | ▲+16% Added · +5K sh | |
| 5 | Walker & Dunlop Inc COM | $5.0M | 113.0K | 4.7% | ▲New New position | |
| 6 | Claros MTG TR Inc COMMON STOCK | $4.0M | 1.70M | 3.8% | —Held | |
| 7 | Mastercraft Boat Hldgs Inc COM | $4.0M | 195.0K | 3.8% | ▼−25% Reduced · −66K sh | |
| 8 | Duos Technologies Group Inc COM | $4.0M | 580.0K | 3.8% | ▲New New position | |
| 9 | Tsakos Energy Navigation Ltd SHS | $3.9M | 100.0K | 3.7% | ▼−30% Reduced · −43K sh | |
| 10 | Better Home & Finance Holdin COM NEW CL A | $3.9M | 110.4K | 3.7% | ▲+8.5% Added · +9K sh | |
| 11 | Comstock Inc COM SHS | $3.4M | 1.11M | 3.2% | ▼−4.3% Reduced · −50K sh | |
| 12 | Sunrise Rlty TR Inc COM | $3.4M | 438.8K | 3.2% | ▼−3.3% Reduced · −15K sh | |
| 13 | Anterix Inc COM | $3.3M | 87.5K | 3.2% | ▲New New position | |
| 14 | Granite PT MTG TR Inc COM STK | $3.2M | 2.24M | 3.1% | —Held | |
| 15 | Magnera Corp COM SHS | $2.8M | 299.6K | 2.7% | ▼−4.8% Reduced · −15K sh | |
| 16 | Cadiz Inc COM NEW | $2.5M | 506.0K | 2.4% | ▼−66% Reduced · −991K sh | |
| 17 | U Haul Holding Company COM SER N | $2.1M | 46.5K | 2.0% | ▲New New position | |
| 18 | Kosmos Energy Ltd COM | $2.0M | 719.8K | 1.9% | ▲New New position | |
| 19 | Aehr Test Sys COM | $1.9M | 51.6K | 1.8% | ▼−63% Reduced · −86K sh | |
| 20 | Archer Aviation Inc COM CL A | $997K | 192.8K | 0.9% | —Held | |
| 21 | National Cinemedia Inc COM NEW | $970K | 318.0K | 0.9% | ▼−51% Reduced · −332K sh | |
| 22 | Synergy CHC Corp COM NEW | $710K | 550.0K | 0.7% | ▼−0.9% Reduced · −5K sh | |
| 23 | Helport AI Ltd *W EXP 03/31/202 | $143K | 1.30M | 0.1% | —Held | |
| 24 | United States Antimony Corp COM | $8K | 900 | <0.1% | ▲New New position |
This market maker page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1599793/holdings"
Use Arkolith to show GRATIA CAPITAL, LLC's latest holdings, largest changes, and filing provenance.
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| PUT · bearish | ISHARES RUSSELL 2000 ETFIWM | $49.6M | 200K |
| CALL · bullish | AEHR TEST SYSTEMSAEHR | $25.8M | 697K |
| CALL · bullish | TPG RE FINANCE TRUST INCTRTX | $12.5M | 1.6M |
| CALL · bullish | ANTERIX INCATEX | $7.6M | 200K |
| CALL · bullish | WEYERHAEUSER COWY | $7.3M | 300K |
| CALL · bullish | WALKER & DUNLOP INCWD | $6.7M | 150K |
| CALL · bullish | HUDSON PACIFIC PROPERTIES INHPP | $5.9M | 1.0M |
| CALL · bullish | KOSMOS ENERGY LTDKOS | $4.2M | 1.5M |
| CALL · bullish | DHT HOLDINGS INCDHT | $1.8M | 100K |
| CALL · bullish | CADIZ INCCDZI | $25K | 5K |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above.
As-of date vs the date the SEC received each filing
Reported 13F total per quarter. Raw filing totals can include option notional.
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.