Gratia Capital 13F annual report
Gratia Capital is an investment fund managing more than $64.9 billion ran by Gordon Sommers. There are currently 15 companies in Mr. Sommers’s portfolio. The largest investments include Tpg Re Fin Tr Inc and Xponential Fitness, together worth $19.3 billion.
$64.9 billion Assets Under Management (AUM)
As of 7th August 2024, Gratia Capital’s top holding is 1,297,224 shares of Tpg Re Fin Tr Inc currently worth over $11.2 billion and making up 17.3% of the portfolio value.
In addition, the fund holds 517,567 shares of Xponential Fitness worth $8.07 billion, whose value grew 32.3% in the past six months.
The third-largest holding is Boyd Gaming worth $6.87 billion and the next is Navios Maritime Partners L.P worth $6.49 billion, with 127,172 shares owned.
Currently, Gratia Capital's portfolio is worth at least $64.9 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Gratia Capital
The Gratia Capital office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Gordon Sommers serves as the Chief Compliance Officer at Gratia Capital.
Recent trades
In the most recent 13F filing, Gratia Capital revealed that it had opened a new position in
Xponential Fitness and bought 517,567 shares worth $8.07 billion.
This means they effectively own approximately 0.1% of the company.
Xponential Fitness makes up
36.9%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by 35.5% in the past year.
The investment fund also strengthened its position in FirstCash Inc by buying
17,242 additional shares.
This makes their stake in FirstCash Inc total 52,042 shares worth $5.46 billion.
FirstCash Inc soared 24.7% in the past year.
On the other hand, there are companies that Gratia Capital is getting rid of from its portfolio.
Gratia Capital closed its position in Inspired Entmt Inc on 14th August 2024.
It sold the previously owned 368,660 shares for $3.63 billion.
Gordon Sommers also disclosed a decreased stake in Tpg Re Fin Tr Inc by 0.1%.
This leaves the value of the investment at $11.2 billion and 1,297,224 shares.
One of the smallest hedge funds
The two most similar investment funds to Gratia Capital are Dynamo Administracao De Recursos Ltda and Industry Ventures, L.L.C. They manage $64.9 billion and $64.9 billion respectively.
Gordon Sommers investment strategy
Gratia Capital’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 33.7% of
the total portfolio value.
The fund focuses on investments in the United States as
40.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
7% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.92 billion.
The complete list of Gratia Capital trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Tpg Re Fin Tr Inc |
14.05%
1,297,224
|
$11,208,015,000 | 17.27% |
| Xponential Fitness, Inc. |
Opened
517,567
|
$8,074,045,000 | 12.44% |
| Boyd Gaming Corp. |
20.16%
124,738
|
$6,873,064,000 | 10.59% |
| Navios Maritime Partners L.P. |
12.78%
127,172
|
$6,489,587,000 | 10.00% |
| FirstCash Holdings Inc |
49.55%
52,042
|
$5,458,165,000 | 8.41% |
| Beazer Homes USA Inc. |
21.99%
186,645
|
$5,129,005,000 | 7.90% |
| Tsakos Energy Navigation Ltd |
6.71%
159,000
|
$4,655,520,000 | 7.17% |
| Navigator Hldgs Ltd |
Opened
250,000
|
$4,365,000,000 | 6.73% |
| Inspired Entmt Inc |
Closed
368,660
|
$3,634,988,000 | |
| Scorpio Tankers Inc |
42.36%
34,700
|
$2,820,763,000 | 4.35% |
| Proficient Auto Logistics In |
Opened
151,921
|
$2,439,851,000 | 3.76% |
| Abacus Life Inc |
Opened
250,000
|
$2,162,500,000 | 3.33% |
| Cato Corp. |
No change
328,175
|
$1,818,090,000 | 2.80% |
| Archer Aviation Inc |
No change
462,252
|
$1,627,127,000 | 2.51% |
| Bowman Consulting Group Ltd |
Closed
40,000
|
$1,391,601,000 | |
| ACRES Commercial Realty Corp |
20.88%
100,000
|
$1,276,000,000 | 1.97% |
| Karat Packaging, Inc. |
Closed
44,184
|
$1,264,104,000 | |
| Terran Orbital Corporation |
No change
597,700
|
$490,114,000 | 0.76% |
| No transactions found | |||
| Showing first 500 out of 18 holdings | |||
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