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GRATIA CAPITAL, LLC

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13F filer, CIK 1599793, LOS ANGELES, CA

GRATIA CAPITAL, LLC reported $165,382,956 across 31 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-14. Its ten largest share positions make up 72.42% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001599793-26-000004

Period
2026-06-30
Reported value
$165M
Holdings
31
Top 10 weight
72.42%
New
9
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ADTNnew+250,492$3.48M
SHIMnew+726,936$3.32M
LODEadded+761,902$3.17M
TGENnew+388,660$2.03M
NBnew+410,000$1.98M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
DAVEexited-34,225-$5.96M
TRTXreduced-634,416-$5.31M
WDreduced-96,381-$5.27M
FBRTreduced-509,330-$4.15M
DUOTreduced-309,725-$3.72M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001599793-26-000004, largest first. % of portfolio is the value over $87,041,449, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TRTXTPG RE FIN TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,503,250 shares; 2024Q4: 1,192,777 shares; 2025Q1: 2,096,856 shares; 2025Q2: 2,664,589 shares; 2025Q3: 2,158,787 shares; 2025Q4: 2,031,368 shares; 2026Q1: 2,701,749 shares; 2026Q2: 2,067,333 shares 2,067,333$17.3M19.88%-634,416Timeline
FBRTFRANKLIN BSP RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 296,500 shares; 2024Q4: 622,622 shares; 2025Q1: 575,442 shares; 2025Q2: 817,837 shares; 2025Q3: 800,571 shares; 2025Q4: 862,922 shares; 2026Q1: 2,278,700 shares; 2026Q2: 1,769,370 shares 1,769,370$14.4M16.55%-509,330Timeline
LODECOMSTOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 957,423 shares; 2025Q4: 1,156,423 shares; 2026Q1: 1,106,421 shares; 2026Q2: 1,868,323 shares 1,868,323$7.77M8.93%+761,902Timeline
MCFTMASTERCRAFT BOAT HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 230,000 shares; 2025Q3: 250,000 shares; 2025Q4: 260,840 shares; 2026Q1: 195,040 shares; 2026Q2: 153,917 shares 153,917$3.97M4.57%-41,123Timeline
NMMNAVIOS MARITIME PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 125,120 shares; 2024Q4: 109,356 shares; 2025Q1: 157,356 shares; 2025Q2: 134,356 shares; 2025Q3: 142,156 shares; 2025Q4: 134,656 shares; 2026Q1: 101,856 shares; 2026Q2: 52,967 shares 52,967$3.71M4.26%-48,889Timeline
ADTNADTRAN HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 250,492 shares 250,492$3.48M4%newTimeline
SHIMSHIMMICK CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 726,936 shares 726,936$3.32M3.82%newTimeline
DUOTDUOS TECHNOLOGIES GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 495,590 shares; 2025Q4: not reported; 2026Q1: 580,000 shares; 2026Q2: 270,275 shares 270,275$3.24M3.73%-309,725Timeline
CMTGCLAROS MTG TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,335,801 shares; 2025Q2: 1,335,801 shares; 2025Q3: 1,700,084 shares; 2025Q4: 1,700,084 shares; 2026Q1: 1,700,084 shares; 2026Q2: 1,301,212 shares 1,301,212$3.06M3.51%-398,872Timeline
BETRBETTER HOME & FINANCE HOLDINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 145,000 shares; 2025Q3: 60,700 shares; 2025Q4: 101,663 shares; 2026Q1: 110,353 shares; 2026Q2: 100,458 shares 100,458$2.76M3.17%-9,895Timeline
SUNSSUNRISE RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 372,527 shares; 2025Q2: 446,720 shares; 2025Q3: 453,816 shares; 2025Q4: 453,816 shares; 2026Q1: 438,816 shares; 2026Q2: 339,355 shares 339,355$2.68M3.08%-99,461Timeline
MAGNMAGNERA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 293,227 shares; 2025Q1: 293,227 shares; 2025Q2: 314,627 shares; 2025Q3: 314,627 shares; 2025Q4: 314,627 shares; 2026Q1: 299,627 shares; 2026Q2: 224,872 shares 224,872$2.64M3.04%-74,755Timeline
GPMTGRANITE PT MTG TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 700,000 shares; 2025Q1: 800,000 shares; 2025Q2: 665,783 shares; 2025Q3: 1,707,826 shares; 2025Q4: 2,239,309 shares; 2026Q1: 2,239,309 shares; 2026Q2: 1,739,211 shares 1,739,211$2.61M3%-500,098Timeline
TENTSAKOS ENERGY NAVIGATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 159,000 shares; 2024Q4: 145,228 shares; 2025Q1: 145,228 shares; 2025Q2: 145,228 shares; 2025Q3: 145,228 shares; 2025Q4: 143,228 shares; 2026Q1: 100,028 shares; 2026Q2: 65,232 shares 65,232$2.31M2.65%-34,796Timeline
UHAL-BU HAUL HOLDING COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 46,500 shares; 2026Q2: 36,067 shares 36,067$2.08M2.39%-10,433Timeline
KOSKOSMOS ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 719,800 shares; 2026Q2: 963,678 shares 963,678$2.03M2.34%+243,878Timeline
TGENTECOGEN INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 388,660 shares 388,660$2.03M2.33%newTimeline
NBNIOCORP DEVS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 410,000 shares 410,000$1.98M2.27%newTimeline
METCRAMACO RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 138,000 shares 138,000$1.83M2.1%newTimeline
ACHRARCHER AVIATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 909,493 shares; 2024Q4: 507,570 shares; 2025Q1: 292,176 shares; 2025Q2: 250,000 shares; 2025Q3: 250,000 shares; 2025Q4: 192,793 shares; 2026Q1: 192,793 shares; 2026Q2: 192,793 shares 192,793$912K1.05%0Timeline
WDWALKER & DUNLOP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 113,000 shares; 2026Q2: 16,619 shares 16,619$909K1.04%-96,381Timeline
HFROHIGHLAND OPPS & INCOME FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 124,725 shares 124,725$889K1.02%newTimeline
ONITONITY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 21,000 shares 21,000$835K0.96%newTimeline
ACREARES COML REAL ESTATE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 55,056 shares 55,056$248K0.28%newTimeline
HPAIWHELPORT AI LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,320,918 shares; 2024Q4: 1,320,918 shares; 2025Q1: 1,320,918 shares; 2025Q2: 1,304,514 shares; 2025Q3: 1,304,514 shares; 2025Q4: 1,304,362 shares; 2026Q1: 1,304,362 shares; 2026Q2: 994,071 shares 994,071$32.6K0.04%-310,291Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
AEHRAEHR TEST SYS COMMON STOCKcall575,500$55.3M-121,500
HPPHUDSON PACIFIC PROPERTIES IN COMcall500,000$7.59M-500,000
WDWALKER & DUNLOP INC STOKcall116,300$6.36M-33,700
WYWEYERHAEUSER CO REITcall230,600$5.52M-69,400
KOSKOSMOS ENERGY LTD COMcall1,137,300$2.4M-362,700
AKAMAKAMAI TECHNOLOGIES INC Stockcall10,000$1.18Mnew

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IWMISHARES TR200,000$49.6Mput
TRTXTPG RE FIN TR INC1,600,000$12.5Mcall
ATEXANTERIX INC200,000$7.64Mcall
DAVEDAVE INC34,225$5.96Mshares
ATEXANTERIX INC87,500$3.34Mshares
CDZICADIZ INC505,956$2.48Mshares
AEHRAEHR TEST SYS51,560$1.91Mshares
DHTDHT HOLDINGS INC100,000$1.83Mcall
NCMINATIONAL CINEMEDIA INC318,000$970Kshares
SNYRSYNERGY CHC CORP550,000$710Kshares
CDZICADIZ INC5,000$24.6Kcall
UAMYUNITED STATES ANTIMONY CORP900$7.86Kshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001599793-26-000004 base2026-08-14acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0001599793-26-000004 Quarter ended 2026-06-302026-08-14acceptance time not in the bulk data set
13F-HR 0001599793-26-000003 Quarter ended 2026-03-312026-05-15acceptance time not in the bulk data set
13F-HR 0001599793-26-000002 Quarter ended 2025-12-312026-02-17acceptance time not in the bulk data set
13F-HR 0001599793-25-000005 Quarter ended 2025-09-302025-11-14acceptance time not in the bulk data set
13F-HR 0001599793-25-000003 Quarter ended 2025-06-302025-08-14acceptance time not in the bulk data set
13F-HR 0001599793-25-000002 Quarter ended 2025-03-312025-05-15acceptance time not in the bulk data set
13F-HR 0001599793-25-000001 Quarter ended 2024-12-312025-02-14acceptance time not in the bulk data set
13F-HR 0001599793-24-000005 Quarter ended 2024-09-302024-11-14acceptance time not in the bulk data set
13F-HR 0001599793-24-000004 Quarter ended 2024-06-302024-08-14acceptance time not in the bulk data set
13F-HR 0001599793-24-000003 Quarter ended 2024-03-312024-05-15acceptance time not in the bulk data set
13F-HR 0001599793-24-000002 Quarter ended 2023-12-312024-02-14acceptance time not in the bulk data set
13F-HR 0001599793-23-000005 Quarter ended 2023-09-302023-11-14acceptance time not in the bulk data set
13F-HR 0001599793-23-000004 Quarter ended 2023-06-302023-08-14acceptance time not in the bulk data set
13F-HR 0001599793-23-000003 Quarter ended 2023-03-312023-05-15acceptance time not in the bulk data set
13F-HR 0001599793-23-000002 Quarter ended 2022-12-312023-02-14acceptance time not in the bulk data set
13F-HR 0001599793-22-000005 Quarter ended 2022-09-302022-11-14acceptance time not in the bulk data set
13F-HR 0001599793-22-000004 Quarter ended 2022-06-302022-08-15acceptance time not in the bulk data set
13F-HR 0001599793-22-000003 Quarter ended 2022-03-312022-05-16acceptance time not in the bulk data set
13F-HR 0001599793-22-000002 Quarter ended 2021-12-312022-02-14acceptance time not in the bulk data set
13F-HR 0001599793-21-000005 Quarter ended 2021-09-302021-11-15acceptance time not in the bulk data set
13F-HR 0001599793-21-000004 Quarter ended 2021-06-302021-08-16acceptance time not in the bulk data set
13F-HR 0001599793-21-000003 Quarter ended 2021-03-312021-05-14acceptance time not in the bulk data set
13F-HR 0001599793-21-000002 Quarter ended 2020-12-312021-02-16acceptance time not in the bulk data set
13F-HR 0001599793-20-000004 Quarter ended 2020-09-302020-11-16acceptance time not in the bulk data set
13F-HR 0001599793-20-000003 Quarter ended 2020-06-302020-08-14acceptance time not in the bulk data set
13F-HR 0001599793-20-000002 Quarter ended 2020-03-312020-05-15acceptance time not in the bulk data set
13F-HR 0001599793-20-000001 Quarter ended 2019-12-312020-02-14acceptance time not in the bulk data set
13F-HR 0001599793-19-000009 Quarter ended 2019-09-302019-11-14acceptance time not in the bulk data set
13F-HR 0001599793-19-000005 Quarter ended 2019-06-302019-08-14acceptance time not in the bulk data set
13F-HR 0001599793-19-000004 Quarter ended 2019-03-312019-05-15acceptance time not in the bulk data set
13F-HR 0001599793-19-000001 Quarter ended 2018-12-312019-02-13acceptance time not in the bulk data set
13F-HR 0001599793-18-000007 Quarter ended 2018-09-302018-11-14acceptance time not in the bulk data set
13F-HR 0001599793-18-000006 Quarter ended 2018-06-302018-08-13acceptance time not in the bulk data set
13F-HR 0001599793-18-000005 Quarter ended 2018-03-312018-05-15acceptance time not in the bulk data set
13F-HR 0001599793-18-000003 Quarter ended 2017-12-312018-02-14acceptance time not in the bulk data set
13F-HR 0001599793-17-000015 Quarter ended 2017-09-302017-11-14acceptance time not in the bulk data set
13F-HR 0001599793-17-000013 Quarter ended 2017-06-302017-08-14acceptance time not in the bulk data set
13F-HR 0001599793-17-000010 Quarter ended 2017-03-312017-05-15acceptance time not in the bulk data set
13F-HR 0001599793-17-000005 Quarter ended 2016-12-312017-02-14acceptance time not in the bulk data set
13F-HR 0001599793-16-000019 Quarter ended 2016-09-302016-11-14acceptance time not in the bulk data set
13F-HR 0001599793-16-000017 Quarter ended 2016-06-302016-08-15acceptance time not in the bulk data set
13F-HR 0001599793-16-000015 Quarter ended 2016-03-312016-05-13acceptance time not in the bulk data set
13F-HR 0001599793-16-000012 Quarter ended 2015-12-312016-02-12acceptance time not in the bulk data set
13F-HR 0001599793-15-000011 Quarter ended 2015-09-302015-11-16acceptance time not in the bulk data set
13F-NT 0001599793-15-000008 Quarter ended 2015-09-302015-10-21acceptance time not in the bulk data set
13F-HR 0001599793-15-000006 Quarter ended 2015-06-302015-08-10acceptance time not in the bulk data set
13F-HR 0001599793-15-000003 Quarter ended 2015-03-312015-05-13acceptance time not in the bulk data set
13F-HR 0001599793-15-000001 Quarter ended 2014-12-312015-02-10acceptance time not in the bulk data set
13F-HR 0001599793-14-000006 Quarter ended 2014-09-302014-11-10acceptance time not in the bulk data set
13F-HR 0001599793-14-000004 Quarter ended 2014-06-302014-08-07acceptance time not in the bulk data set
13F-HR 0001599793-14-000003 Quarter ended 2014-03-312014-05-14acceptance time not in the bulk data set
13F-HR/A 0000919574-14-001844 Quarter ended 2013-12-312014-02-18acceptance time not in the bulk data set
13F-HR 0000919574-14-001522 Quarter ended 2013-12-312014-02-14acceptance time not in the bulk data set