Gratia Capital
Gratia Capital reported 25 stocks worth $87M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are TRTX (19.9%), FBRT (16.6%) and LODE (8.9%). Compared with Q1 2026, the fund opened new positions in ADTN, SHIM and TGEN, added to LODE and KOS, trimmed TRTX, FBRT and MCFT and sold out of DAVE, ATEX and CDZI.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  TRTX Tpg RE Fin TR Inc | $17.3M | 19.9% | 2.1M | −634K (−23%) | 8 of 8 | |
| 2 |  FBRT Franklin Bsp Rlty TR Inc | $14.4M | 16.6% | 1.8M | −509K (−22%) | 8 of 8 | |
| 3 |  LODE Comstock Inc | $7.8M | 8.9% | 1.9M | +762K (+69%) | 4 of 8 | |
| 4 |  MCFT Mastercraft Boat Hldgs Inc | $4M | 4.6% | 154K | −41K (−21%) | 5 of 8 | |
| 5 |  NMM Navios Maritime Partners L P | $3.7M | 4.3% | 53K | −49K (−48%) | 8 of 8 | |
| 6 |  ADTN Adtran Holdings Inc | $3.5M | 4.0% | 250K | New position | 1 of 8 | |
| 7 |  SHIM Shimmick Corporation | $3.3M | 3.8% | 727K | New position | 1 of 8 | |
| 8 |  DUOT Duos Technologies Group Inc | $3.2M | 3.7% | 270K | −310K (−53%) | 3 of 8 | |
| 9 |  CMTG Claros Mtg TR Inc | $3.1M | 3.5% | 1.3M | −399K (−23%) | 6 of 8 | |
| 10 |  BETR BETTER HOME & FINANCE HOLDIN | $2.8M | 3.2% | 100K | −9,895 (−9%) | 5 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 DAVE Dave Inc | $6M | 34K |
 ATEX Anterix Inc | $3.3M | 88K |
 CDZI Cadiz Inc | $2.5M | 506K |
 AEHR Aehr Test Sys | $1.9M | 52K |
 NCMI National Cinemedia Inc | $970K | 318K |
🔒 Free account: see all 7.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
AEHR Aehr Test Sys | Call | $55.3M | 576K | −121,500 |
 HPP Hudson Pac Pptys Inc | Call | $7.6M | 500K | −500,000 |
 WD WALKER & DUNLOP INC | Call | $6.4M | 116K | −33,700 |
 WY Weyerhaeuser Co | Call | $5.5M | 231K | −69,400 |
 KOS Kosmos Energy Ltd | Call | $2.4M | 1.1M | −362,700 |
🔒 Free account: see all 6.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Gratia Capital 13F FAQ
What does Gratia Capital own?
Gratia Capital reported 25 stocks worth $87M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are TRTX (19.9%), FBRT (16.6%) and LODE (8.9%). The table above lists every position in the filing (the top 10 without an account).
What did Gratia Capital buy and sell in Q2 2026?
Compared with Q1 2026: 8 new positions, 2 added to, 14 trimmed and 7 sold out. New positions include ADTN, SHIM and TGEN. It sold all of DAVE, ATEX and CDZI.
When will Gratia Capital file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Gratia Capital's portfolio worth?
The Q2 2026 filing reports $87M in US stocks ($165M including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.