Gratia Capital, LLC reported 23 positions worth $86.12M for the quarter ended Jun 30, 2026, down 17.8% on the prior quarter. It opened 7 new positions, added to 2, trimmed 13 and exited 6. Its largest holding is TPG RE Finance Trust, Inc. at 20.1% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| ADTN ADTRAN Holdings, Inc. | +250.5K | – | $3.48M | 4.04% |
| SHIM Shimmick Corp | +726.9K | – | $3.32M | 3.86% |
| LODE Comstock Inc. | +761.9K | +68.9% | $3.17M | 9.02% |
| TGEN Tecogen Inc. | +388.7K | – | $2.03M | 2.36% |
| NB Niocorp Developments Ltd | +410.0K | – | $1.98M | 2.29% |
| METC Ramaco Resources, Inc. | +138.0K | – | $1.83M | 2.12% |
| ONIT Onity Group Inc. | +21.0K | – | $834.75K | 0.969% |
| KOS Kosmos Energy Ltd. | +243.9K | +33.9% | $514.58K | 2.36% |
| ACRE Ares Commercial Real Estate Corp | +55.1K | – | $247.75K | 0.288% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| DAVE Dave Inc. | -34.2K | -100.0% | $5.96M | Exited |
| TRTX TPG RE Finance Trust, Inc. | -634.4K | -23.5% | $5.31M | 20.09% |
| WD Walker & Dunlop, Inc. | -96.4K | -85.3% | $5.27M | 1.06% |
| FBRT Franklin BSP Realty Trust, Inc. | -509.3K | -22.4% | $4.15M | 16.72% |
| DUOT Duos Technologies Group, Inc. | -309.7K | -53.4% | $3.72M | 3.77% |
| NMM Navios Maritime Partners L.P. | -48.9K | -48.0% | $3.43M | 4.31% |
| ATEX Anterix Inc. | -87.5K | -100.0% | $3.34M | Exited |
| CDZI Cadiz Inc | -506.0K | -100.0% | $2.48M | Exited |
| AEHR Aehr Test Systems | -51.6K | -100.0% | $1.91M | Exited |
| TEN Tsakos Energy Navigation Ltd | -34.8K | -34.8% | $1.23M | 2.68% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| ADTN ADTRAN Holdings, Inc. | +250.5K | $3.48M | 4.04% |
| SHIM Shimmick Corp | +726.9K | $3.32M | 3.86% |
| TGEN Tecogen Inc. | +388.7K | $2.03M | 2.36% |
| NB Niocorp Developments Ltd | +410.0K | $1.98M | 2.29% |
| METC Ramaco Resources, Inc. | +138.0K | $1.83M | 2.12% |
| ONIT Onity Group Inc. | +21.0K | $834.75K | 0.969% |
| ACRE Ares Commercial Real Estate Corp | +55.1K | $247.75K | 0.288% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| DAVE Dave Inc. | -34.2K | $5.96M | 5.68% |
| ATEX Anterix Inc. | -87.5K | $3.34M | 3.19% |
| CDZI Cadiz Inc | -506.0K | $2.48M | 2.37% |
| AEHR Aehr Test Systems | -51.6K | $1.91M | 1.82% |
| NCMI National CineMedia, Inc. | -318.0K | $969.90K | 0.925% |
| UAMY United States Antimony Corp | -900 | $7.86K | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | TRTX TPG RE Finance Trust, Inc. | Financial Services | 2.07M | $17.30M | 20.09% | -634.4K | -23.5% | Reduced | 2.68% |
| 2 | FBRT Franklin BSP Realty Trust, Inc. | Financial Services | 1.77M | $14.40M | 16.72% | -509.3K | -22.4% | Reduced | 2.32% |
| 3 | LODE Comstock Inc. | Industrials | 1.87M | $7.77M | 9.02% | +761.9K | +68.9% | Added | 2.46% |
| 4 | MCFT MasterCraft Boat Holdings, Inc. | Consumer Discretionary | 153.9K | $3.97M | 4.61% | -41.1K | -21.1% | Reduced | 0.63% |
| 5 | NMM Navios Maritime Partners L.P. | Industrials | 53.0K | $3.71M | 4.31% | -48.9K | -48.0% | Reduced | 0.18% |
| 6 | ADTN ADTRAN Holdings, Inc. | Technology | 250.5K | $3.48M | 4.04% | +250.5K | – | New | 0.31% |
| 7 | SHIM Shimmick Corp | Industrials | 726.9K | $3.32M | 3.86% | +726.9K | – | New | 2.01% |
| 8 | DUOT Duos Technologies Group, Inc. | Technology | 270.3K | $3.24M | 3.77% | -309.7K | -53.4% | Reduced | 0.9% |
| 9 | CMTG Claros Mortgage Trust, Inc. | Financial Services | 1.30M | $3.06M | 3.55% | -398.9K | -23.5% | Reduced | 0.92% |
| 10 | BETR Better Home & Finance Holding Co | Financial Services | 100.5K | $2.76M | 3.21% | -9,895 | -9.0% | Reduced | 0.53% |
| 11 | SUNS Sunrise Realty Trust, Inc. | Real Estate | 339.4K | $2.68M | 3.11% | -99.5K | -22.7% | Reduced | 2.51% |
| 12 | MAGN Magnera Corp | Basic Materials | 224.9K | $2.64M | 3.07% | -74.8K | -24.9% | Reduced | 0.63% |
| 13 | GPMT Granite Point Mortgage Trust Inc. | Financial Services | 1.74M | $2.61M | 3.03% | -500.1K | -22.3% | Reduced | 3.61% |
| 14 | TEN Tsakos Energy Navigation Ltd | Industrials | 65.2K | $2.31M | 2.68% | -34.8K | -34.8% | Reduced | 0.22% |
| 15 | UHAL-B U-Haul Holding Co | Consumer Discretionary | 36.1K | $2.08M | 2.42% | -10.4K | -22.4% | Reduced | 0.02% |
Tip. Select a row to see that position’s full history at Gratia Capital.
As of its Q2 2026 13F filing, Gratia Capital, LLC’s five largest positions were TPG RE Finance Trust, Inc. (TRTX) at 20.1%, Franklin BSP Realty Trust, Inc. (FBRT) at 16.7%, Comstock Inc. (LODE) at 9.0%, MasterCraft Boat Holdings, Inc. (MCFT) at 4.6%, Navios Maritime Partners L.P. (NMM) at 4.3% of the reported portfolio.
Gratia Capital, LLC reported a 13F portfolio worth $86.12M across 23 positions for Q2 2026. That is down 17.8% from the previous quarter.
Its largest purchases by value were ADTRAN Holdings, Inc. ($3.48M), Shimmick Corp ($3.32M), Comstock Inc. ($3.17M). It opened 7 new positions.
Its largest sales by value were Dave Inc. ($5.96M), TPG RE Finance Trust, Inc. ($5.31M), Walker & Dunlop, Inc. ($5.27M). It exited 6 positions entirely.
From the Form 13F-HR reports Gratia Capital, LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.