Gratia Capital, LLC
Net seller this quarter
$165M
25
-$40.3M
38.1%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 TRTX | $17.3M | 10.46% | 2.69% | -23.5% | Q4 2020 |
 FBRT | $14.4M | 8.71% | 2.35% | -22.4% | Q1 2022 |
 LODE | $7.77M | 4.70% | 2.46% | +68.9% | Q3 2025 |
 MCFT | $3.97M | 2.40% | 0.63% | -21.1% | Q2 2025 |
 NMM | $3.71M | 2.24% | 0.18% | -48.0% | Q2 2021 |
 ADTN | $3.48M | 2.11% | 0.31% | New | Q2 2026 |
 SHIM | $3.32M | 2.01% | 1.98% | New | Q2 2026 |
 DUOT | $3.24M | 1.96% | 1.32% | -53.4% | Q3 2025 |
 CMTG | $3.06M | 1.85% | 0.92% | -23.5% | Q1 2025 |
 BETR | $2.76M | 1.67% | 0.53% | -9.0% | Q2 2025 |
 SUNS | $2.68M | 1.62% | 2.51% | -22.7% | Q1 2025 |
 MAGN | $2.64M | 1.60% | 0.63% | -25.0% | Q4 2024 |
 GPMT | $2.61M | 1.58% | 3.61% | -22.3% | Q4 2020 |
 TEN | $2.31M | 1.40% | 0.22% | -34.8% | Q1 2024 |
 UHAL.B | $2.08M | 1.26% | Not reported | -22.4% | Q1 2026 |
 KOS | $2.03M | 1.23% | 0.16% | +33.9% | Q1 2026 |
 TGEN | $2.03M | 1.23% | 1.29% | New | Q2 2026 |
 NB | $1.98M | 1.19% | 0.28% | New | Q2 2026 |
 METC | $1.83M | 1.10% | 0.31% | New | Q2 2026 |
 ACHR | $912K | 0.55% | 0.03% | Not reported | Q1 2022 |
 WD | $909K | 0.55% | 0.05% | -85.3% | Q1 2026 |
 HFRO | $889K | 0.54% | Not reported | New | Q2 2026 |
 ONIT | $835K | 0.50% | 0.25% | New | Q2 2026 |
 ACRE | $248K | 0.15% | 0.10% | Not reported | Q2 2016 |
 HPAIW | $32.6K | 0.02% | Not reported | -23.8% | Q3 2024 |
| Q1 2026 | |||||
| TRTX | $21.1M | 9.29% | 3.47% | +33.0% | Q4 2020 |
| FBRT | $19.3M | 8.52% | 2.95% | +164.1% | Q1 2022 |
| NMM | $6.87M | 3.03% | 0.36% | -24.4% | Q2 2021 |
 DAVE | $5.96M | 2.62% | Not reported | +15.5% | Q4 2025 |
| WD | $5.01M | 2.21% | 0.34% | New | Q1 2026 |
| CMTG | $4.05M | 1.78% | 1.21% | Not reported | Q1 2025 |
| MCFT | $4M | 1.76% | 1.20% | -25.2% | Q2 2025 |
| DUOT | $3.98M | 1.75% | 1.96% | Not reported | Q3 2025 |
| TEN | $3.95M | 1.74% | 0.33% | -30.2% | Q1 2024 |
| BETR | $3.93M | 1.73% | 0.66% | +8.6% | Q2 2025 |
| LODE | $3.37M | 1.49% | 1.49% | -4.3% | Q3 2025 |
| SUNS | $3.37M | 1.48% | 3.25% | -3.3% | Q1 2025 |
 ATEX | $3.34M | 1.47% | 0.46% | New | Q1 2026 |
| GPMT | $3.25M | 1.43% | 4.67% | Not reported | Q4 2020 |
| MAGN | $2.85M | 1.25% | 0.83% | -4.8% | Q4 2024 |
 CDZI | $2.48M | 1.09% | 0.60% | -66.2% | Q4 2013 |
| UHAL.B | $2.08M | 0.91% | Not reported | New | Q1 2026 |
| KOS | $2M | 0.88% | 0.15% | New | Q1 2026 |
 AEHR | $1.91M | 0.84% | 0.17% | -62.5% | Q3 2025 |
| ACHR | $997K | 0.44% | 0.03% | Not reported | Q1 2022 |
 NCMI | $970K | 0.43% | 0.34% | -51.1% | Q4 2013 |
| SNYR | $710K | 0.31% | 4.87% | -0.9% | Q4 2024 |
| HPAIW | $143K | 0.06% | Not reported | Not reported | Q3 2024 |
 UAMY | $7.86K | 0.00% | 0.00% | New | Q1 2026 |
| Q4 2025 | |||||
| TRTX | $17.5M | 13.04% | 2.59% | -5.9% | Q4 2020 |
| FBRT | $8.66M | 6.45% | 1.06% | +7.8% | Q1 2022 |
| CDZI | $8.4M | 6.26% | 1.80% | +80.6% | Q4 2013 |
| NMM | $7.06M | 5.26% | 0.47% | -5.3% | Q2 2021 |
| DAVE | $6.56M | 4.89% | Not reported | New | Q4 2025 |
| GPMT | $5.37M | 4.01% | 4.71% | +31.1% | Q4 2020 |
| CMTG | $5.2M | 3.88% | 1.21% | Not reported | Q1 2025 |
| MCFT | $4.93M | 3.68% | 1.60% | +4.3% | Q2 2025 |
| MAGN | $4.76M | 3.55% | 0.88% | Not reported | Q4 2024 |
| LODE | $4.35M | 3.24% | 2.23% | +20.8% | Q3 2025 |
| SUNS | $4.28M | 3.19% | 3.38% | Not reported | Q1 2025 |
 BYD | $3.95M | 2.95% | 0.06% | Not reported | Q3 2016 |
 WULF | $3.49M | 2.60% | 0.07% | New | Q4 2025 |
| BETR | $3.31M | 2.47% | 0.64% | +67.5% | Q2 2025 |
| TEN | $3.21M | 2.39% | 0.48% | -1.4% | Q1 2024 |
 JAKK | $3.03M | 2.26% | 1.58% | Not reported | Q4 2014 |
 BRSP | $2.81M | 2.09% | 0.39% | -8.8% | Q4 2024 |
| AEHR | $2.78M | 2.07% | 0.45% | -1.4% | Q3 2025 |
 AZ | $2.57M | 1.92% | 0.90% | -6.3% | Q3 2025 |
| NCMI | $2.53M | 1.88% | 0.69% | Not reported | Q4 2013 |
 MFA | $2.1M | 1.56% | 0.22% | Not reported | Q3 2020 |
| ACHR | $1.45M | 1.08% | 0.03% | -22.9% | Q1 2022 |
| SNYR | $1.03M | 0.77% | 4.91% | Not reported | Q4 2024 |
 BZH | $935K | 0.70% | 0.16% | Not reported | Q1 2023 |
 DDI | $784K | 0.58% | 3.67% | Not reported | Q3 2021 |
 ARQ | $507K | 0.38% | 0.36% | -64.9% | Q3 2024 |
| HPAIW | $208K | 0.15% | Not reported | 0.0% | Q3 2024 |
| Q3 2025 | |||||
| TRTX | $18.5M | 13.26% | 2.76% | -19.0% | Q4 2020 |
| FBRT | $8.69M | 6.24% | 0.97% | -2.1% | Q1 2022 |
| NMM | $6.4M | 4.59% | 0.48% | +5.8% | Q2 2021 |
| CMTG | $5.64M | 4.05% | 1.21% | +27.3% | Q1 2025 |
| MCFT | $5.37M | 3.85% | 1.53% | +8.7% | Q2 2025 |
| GPMT | $5.12M | 3.68% | 3.60% | +156.5% | Q4 2020 |
| SUNS | $4.72M | 3.38% | 3.38% | +1.6% | Q1 2025 |
| AEHR | $4.2M | 3.01% | 0.47% | New | Q3 2025 |
| BYD | $4.01M | 2.88% | 0.06% | -2.1% | Q3 2016 |
| CDZI | $3.91M | 2.81% | 1.01% | +12.4% | Q4 2013 |
 XPOF | $3.7M | 2.66% | Not reported | -38.4% | Q2 2024 |
| MAGN | $3.69M | 2.65% | 0.88% | Not reported | Q4 2024 |
| DUOT | $3.65M | 2.62% | 2.44% | New | Q3 2025 |
| BETR | $3.41M | 2.44% | 0.39% | -58.1% | Q2 2025 |
| AZ | $3.37M | 2.42% | 1.43% | New | Q3 2025 |
| JAKK | $3.36M | 2.41% | 1.60% | +19.7% | Q4 2014 |
| LODE | $3.27M | 2.35% | 1.87% | New | Q3 2025 |
| TEN | $3.23M | 2.31% | 0.48% | Not reported | Q1 2024 |
| ARQ | $3.16M | 2.27% | 1.04% | -48.5% | Q3 2024 |
| BRSP | $2.99M | 2.14% | 0.42% | -8.3% | Q4 2024 |
| NCMI | $2.93M | 2.10% | 0.69% | Not reported | Q4 2013 |
| ACHR | $2.4M | 1.72% | 0.04% | Not reported | Q1 2022 |
| MFA | $2.07M | 1.49% | 0.22% | Not reported | Q3 2020 |
 WW | $1.73M | 1.24% | 0.63% | New | Q3 2025 |
| ACR | $1.54M | 1.10% | 0.98% | -42.4% | Q1 2024 |
| SNYR | $1.35M | 0.97% | 4.93% | Not reported | Q4 2024 |
| HPAIW | $258K | 0.18% | Not reported | Not reported | Q3 2024 |
 CBUS | $216K | 0.15% | 0.31% | -80.5% | Q2 2025 |