10 Stocks to Buy Now According to Steve Pei's Gratia Capital
In this article, we will discuss 10 stocks to buy now according to Steve Pei's Gratia Capital.
Established in the second quarter of 2012, Gratia Capital is a California-based hedge fund manager. The firm employs multi-strategy, value, and event-driven approaches to its investments, aiming to maximize risk-adjusted returns. Gratia Capital focuses on opportunistic investments across various capital structures, particularly in the consumer, industrial, and real estate sectors.
Steve Pei, a former executive at Canyon Capital Advisors, secured a $25 million seed deal from Q Investments to launch Gratia Capital. Steve currently serves as the Chief Investment Officer at Gratia Capital. He brings extensive experience from his previous roles at Canyon Capital Advisors, Bain Capital, DFI Holdings, and McKinsey & Company. He holds a degree from The Wharton School, where he studied from 1996 to 2000.
Gratia Capital is a hedge fund managing discretionary assets totaling $133,671,580, as reported in its Form ADV on March 2024. Serving 4 clients, the firm's latest 13F filing for Q1 2024 disclosed $91,447,063 in managed 13F securities, with a top 10 holdings concentration of 81.87%. Gratia Capital's largest holding is TPG RE Finance Trust Inc., comprising 1,509,224 shares.
