GRATIA CAPITAL, LLC
•CIK: 1599793•Filing: Q4 2025
**GRATIA CAPITAL, LLC** manages $126M across a concentrated portfolio of 30 positions. The firm exhibits notable conviction in select names, with its top holding in TRTX representing $17.5M. Further significant allocations include HPP at $10.8M and FBRT at $8.7M, signaling targeted exposure across key sectors. This structure suggests a disciplined, high-conviction approach to capital deployment.
Total AUM
$111.8M
+ $14.3M in options
QoQ Performance
+6.7%
Positions
27
+ 3 options
Top 10 Concentration
62.9%
Latest Filing
Q4 2025
Top Holdings Allocation
TRTX
HPP
FBRT
CDZI
NAVI
DAVE
TRTX13.9%
HPP8.6%
FBRT6.9%
CDZI6.7%
NAVIOS5.6%
DAVE5.2%
GPMT4.3%
CMTG4.1%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
—
HUDSON PAC PPTYS INC
SOLD
$2.8M
+1 more exited positions
Changes from Q3 2025
NEW5 new positions
↑6 increased
↓9 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023