1y return+22.9%S&P 500 +20.9%
3y return+12.4%S&P 500 +68.5%
5y return+9.6%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2020: $410 against $290 in the S&P 500.2
Gratia Capital, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TRTXTpg Re Fin Tr Inc | $17.3M | 19.9% | −23.5% |
| FBRTFranklin Bsp Rlty Tr Inc | $14.4M | 16.5% | −22.4% |
| LODEComstock Inc | $7.8M | 8.9% | +68.9% |
| MCFTMastercraft Boat Hldgs Inc | $4.0M | 4.6% | −21.1% |
| Navios Maritime Partners LPCUSIP Y62267409 | $3.7M | 4.3% | −48.0% |
| ADTNAdtran Holdings Inc | $3.5M | 4.0% | New |
| SHIMShimmick Corporation | $3.3M | 3.8% | New |
| DUOTDuos Technologies Group Inc | $3.2M | 3.7% | −53.4% |
| CMTGClaros Mtg Tr Inc | $3.1M | 3.5% | −23.5% |
| BETRBetter Home & Finance Holdin | $2.8M | 3.2% | −9.0% |
| SUNSSunrise Rlty Tr Inc | $2.7M | 3.1% | −22.7% |
| MAGNMagnera Corp | $2.6M | 3.0% | −24.9% |
| Granite Pt Mtg Tr IncCUSIP 38741L107 | $2.6M | 3.0% | −22.3% |
| Tsakos Energy Navigation LtdCUSIP G9108L173 | $2.3M | 2.7% | −34.8% |
| UHAL/BU Haul Holding Company | $2.1M | 2.4% | −22.4% |
| KOSKosmos Energy Ltd | $2.0M | 2.3% | +33.9% |
| TGENTecogen Inc New | $2.0M | 2.3% | New |
| NBNiocorp Devs Ltd | $2.0M | 2.3% | New |
| METCRamaco Res Inc | $1.8M | 2.1% | New |
| ACHRArcher Aviation Inc | $912K | 1.0% | |
| WDWalker & Dunlop Inc | $909K | 1.0% | −85.3% |
| HFROHighland Opps & Income Fd | $889K | 1.0% | New |
| ONITOnity Group Inc | $835K | 1.0% | New |
| ACREAres Coml Real Estate Corp | $248K | 0.3% | New |
| Helport Ai LtdCUSIP G4R52R111 | $33K | 0.0% | −23.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Navios Maritime Partners LPCUSIP Y62267409 | June 30, 2021 | +137.1% | $3.7M |
| DUOTDuos Technologies Group Inc | March 31, 2026 | +74.9% | $3.2M |
| Tsakos Energy Navigation LtdCUSIP G9108L173 | March 31, 2024 | +39.3% | $2.3M |
| MCFTMastercraft Boat Hldgs Inc | June 30, 2025 | +39.0% | $4.0M |
| UHAL/BU Haul Holding Company | March 31, 2026 | +29.2% | $2.1M |
| WDWalker & Dunlop Inc | March 31, 2026 | +23.3% | $909K |
| LODEComstock Inc | September 30, 2025 | +21.6% | $7.8M |
| TRTXTpg Re Fin Tr Inc | June 30, 2023 | +13.0% | $17.3M |
| KOSKosmos Energy Ltd | March 31, 2026 | −24.1% | $2.0M |
| SUNSSunrise Rlty Tr Inc | March 31, 2025 | −28.6% | $2.7M |
Sold off last quarter
- DAVEDave Inc was $6.0M
- ATEXAnterix Inc was $3.3M
- CDZICadiz Inc was $2.5M
- AEHRAehr Test Sys was $1.9M
- NCMINational Cinemedia Inc was $970K
- SNYRQSynergy Chc Corp was $710K
- UAMYUnited States Antimony Corp was $7,857
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +21.3% | +14.8% |
| March 31, 2026 | −4.2% | −4.6% |
| December 31, 2025 | −3.8% | +2.4% |
| September 30, 2025 | +9.9% | +7.8% |
| June 30, 2025 | −5.9% | +10.5% |
| March 31, 2025 | −7.5% | −4.6% |
| December 31, 2024 | −8.5% | +2.1% |
| September 30, 2024 | +1.9% | +5.4% |
| June 30, 2024 | −1.8% | +4.0% |
| March 31, 2024 | +14.0% | +10.0% |
| December 31, 2023 | +6.1% | +11.2% |
| September 30, 2023 | −5.2% | −3.6% |
| June 30, 2023 | +16.6% | +8.3% |
| March 31, 2023 | +13.6% | +7.0% |
| December 31, 2022 | +14.4% | +7.1% |
| September 30, 2022 | −5.9% | −5.3% |
| June 30, 2022 | −25.0% | −16.5% |
| March 31, 2022 | +3.8% | −4.9% |
| December 31, 2021 | −8.1% | +10.7% |
| September 30, 2021 | −4.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Gratia Capital, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1599793&type=13F-HR&dateb=&owner=include&count=40CIK 1599793
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1599793/000159979326000004/Filed August 14, 2026 · accession 0001599793-26-000004