Gratia Capital, Llc
- Regulatory AUM
- $186M
- Discretionary
- $186M
- Clients
- 4
- Avg AUM / client
- $46.5M
- Accounts
- 4
- Employees
- 4
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 30, 2026
Investments (13F portfolio — 28 positions, $227,172,839)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ishares Tr | RUSSELL 2000 ETF | $49,600,000 | 200,000 | 21.8% | 26.7% |
| 2 | Tpg Re Fin Tr Inc | COM | $33,596,660 | 4,301,749 | 14.8% | 18.1% |
| 3 | Aehr Test Sys | COM | $27,756,605 | 748,560 | 12.2% | 14.9% |
| 4 | Franklin Bsp Rlty Tr Inc | COMMON STOCK | $19,346,163 | 2,278,700 | 8.52% | 10.4% |
| 5 | Walker & Dunlop Inc | COM | $11,671,940 | 263,000 | 5.14% | 6.28% |
| 6 | Anterix Inc | COM | $10,979,625 | 287,500 | 4.83% | 5.91% |
| 7 | Weyerhaeuser Co | COM NEW | $7,329,000 | 300,000 | 3.23% | 3.94% |
| 8 | Navios Maritime Partners Lp | COM UNIT LPI | $6,873,243 | 101,856 | 3.03% | 3.7% |
| 9 | Kosmos Energy Ltd | COM | $6,171,044 | 2,219,800 | 2.72% | 3.32% |
| 10 | Dave Inc | CLASS A COM NEW | $5,958,230 | 34,225 | 2.62% | 3.21% |
| 11 | Hudson Pacific Properties In | COM | $5,910,000 | 1,000,000 | 2.6% | 3.18% |
| 12 | Claros Mtg Tr Inc | COMMON STOCK | $4,046,200 | 1,700,084 | 1.78% | 2.18% |
| 13 | Mastercraft Boat Hldgs Inc | COM | $4,000,270 | 195,040 | 1.76% | 2.15% |
| 14 | Duos Technologies Group Inc | COM | $3,978,800 | 580,000 | 1.75% | 2.14% |
| 15 | Tsakos Energy Navigation Ltd | SHS | $3,947,105 | 100,028 | 1.74% | 2.12% |
| 16 | Better Home & Finance Holdin | COM NEW CL A | $3,930,774 | 110,353 | 1.73% | 2.12% |
| 17 | Comstock Inc | COM SHS | $3,374,584 | 1,106,421 | 1.49% | 1.82% |
| 18 | Sunrise Rlty Tr Inc | COM | $3,365,719 | 438,816 | 1.48% | 1.81% |
| 19 | Granite Pt Mtg Tr Inc | COM STK | $3,246,998 | 2,239,309 | 1.43% | 1.75% |
| 20 | Magnera Corp | COM SHS | $2,849,453 | 299,627 | 1.25% | 1.53% |
| 21 | Cadiz Inc | COM NEW | $2,508,794 | 510,956 | 1.1% | 1.35% |
| 22 | U Haul Holding Company | COM SER N | $2,077,155 | 46,500 | 0.91% | 1.12% |
| 23 | Dht Holdings Inc | SHS NEW | $1,827,000 | 100,000 | 0.8% | 0.98% |
| 24 | Archer Aviation Inc | COM CL A | $996,740 | 192,793 | 0.44% | 0.54% |
| 25 | National Cinemedia Inc | COM NEW | $969,900 | 318,000 | 0.43% | 0.52% |
Top 25 of 28 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 4 | $186M | 100.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $97.1M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Gratia Capital Concentrated Master Fund Ltd master | Hedge Fund | Cayman Islands | $97.1M | 26 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Steven, Pei, Yu Tsung | Managing Member | Mar 2012 (14y) | 75% or more | |
| Sommers, Gordon, Kyle | Member And Chief Compliance Officer | May 2019 (7y) | 10% – 25% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $97.1M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Gratia Capital Concentrated Master Fund Ltd | Hedge Fund | $97.1M | $1.0M | 26 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- State Street $8.5M (8% of AUM) Jun 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗