# RMR Advisors LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1177132. Source: https://holderbook.com/funds/1177132-rmr-advisors-llc/

- Reported value: $194.3M
- Positions: 101
- Weight of the ten largest: 38.5%
- Filed: 2020-10-30

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $17.3M | 171,936 | 8.9% | 8 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $9.2M | 65,356 | 4.7% | 8 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $7.3M | 413,609 | 3.8% | 8 |
| GLOBAL MED REIT INC | [GMREXXXX](https://holderbook.com/stocks/GMREXXXX/) | $7.2M | 535,467 | 3.7% | 8 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $6.7M | 27,791 | 3.5% | 8 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $6.3M | 39,300 | 3.2% | 8 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $5.7M | 489,429 | 2.9% | 8 |
| LXP INDUSTRIAL TRUST | [LXPXXXX](https://holderbook.com/stocks/LXPXXXX/) | $5.4M | 513,638 | 2.8% | 8 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $5.1M | 34,375 | 2.6% | 8 |
| CYRUSONE INC | [CONE](https://holderbook.com/stocks/CONE/) | $4.6M | 65,119 | 2.3% | 8 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $4.1M | 98,200 | 2.1% | 8 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $3.7M | 25,200 | 1.9% | 8 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $3.5M | 69,000 | 1.8% | 8 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $3.4M | 29,671 | 1.8% | 8 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $3.4M | 4,502 | 1.8% | 7 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $3.3M | 16,500 | 1.7% | 8 |
| PHYSICIANS RLTY TR | [DOCXXXX](https://holderbook.com/stocks/DOCXXXX/) | $3.2M | 179,791 | 1.7% | 8 |
| EPR PPTYS | [EPR](https://holderbook.com/stocks/EPR/) | $3.2M | 114,660 | 1.6% | 8 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $3.1M | 113,965 | 1.6% | 4 |
| BLUEROCK RESIDENTIAL GWT REI | [BRG](https://holderbook.com/stocks/BRG/) | $3.1M | 405,557 | 1.6% | 8 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $3.1M | 47,527 | 1.6% | 8 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $2.9M | 17,500 | 1.5% | 8 |
| UMH PPTYS INC | [UMH](https://holderbook.com/stocks/UMH/) | $2.7M | 195,796 | 1.4% | 8 |
| MONMOUTH REAL ESTATE INVT CO | [MNR](https://holderbook.com/stocks/MNR/) | $2.5M | 178,358 | 1.3% | 8 |
| ANNALY CAPITAL MANAGEMENT IN | [NLYXXXX](https://holderbook.com/stocks/NLYXXXX/) | $2.3M | 319,998 | 1.2% | 8 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $2.2M | 197,226 | 1.1% | 8 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $2.2M | 27,100 | 1.1% | 8 |
| LTC PPTYS INC | [LTC](https://holderbook.com/stocks/LTC/) | $2.1M | 60,879 | 1.1% | 8 |
| PLYMOUTH INDL REIT INC | [PLYM](https://holderbook.com/stocks/PLYM/) | $2.0M | 165,887 | 1.1% | 8 |
| UDR INC | [UDR](https://holderbook.com/stocks/UDR/) | $2.0M | 62,000 | 1.0% | 8 |
| OMEGA HEALTHCARE INVS INC | [OHI](https://holderbook.com/stocks/OHI/) | $2.0M | 66,298 | 1.0% | 8 |
| COPT DEFENSE PROPERTIES | [CDP](https://holderbook.com/stocks/CDP/) | $2.0M | 83,500 | 1.0% | 8 |
| STARWOOD PPTY TR INC | [STWD](https://holderbook.com/stocks/STWD/) | $1.9M | 129,100 | 1.0% | 8 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $1.9M | 34,200 | 1.0% | 8 |
| KILROY REALTY CORP | [KRC](https://holderbook.com/stocks/KRC/) | $1.9M | 35,600 | 1.0% | 8 |
| VEREIT INC | [VERXXXX](https://holderbook.com/stocks/VERXXXX/) | $1.8M | 283,716 | 0.9% | 8 |
| BRANDYWINE RLTY TR | [BDN](https://holderbook.com/stocks/BDN/) | $1.7M | 165,300 | 0.9% | 8 |
| HIGHWOODS PPTYS INC | [HIW](https://holderbook.com/stocks/HIW/) | $1.7M | 49,723 | 0.9% | 8 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $1.6M | 45,000 | 0.8% | 7 |
| SABRA HEALTH CARE REIT INC | [SBRA](https://holderbook.com/stocks/SBRA/) | $1.6M | 113,154 | 0.8% | 8 |
| WEINGARTEN RLTY INVS | [WRI](https://holderbook.com/stocks/WRI/) | $1.5M | 91,225 | 0.8% | 8 |
| GLADSTONE COMMERCIAL CORP | [GOOD](https://holderbook.com/stocks/GOOD/) | $1.5M | 88,611 | 0.8% | 8 |
| KITE REALTY GROUP TRUST | [KRG](https://holderbook.com/stocks/KRG/) | $1.4M | 125,125 | 0.7% | 8 |
| AH RLTY TR INC | [AHRT](https://holderbook.com/stocks/AHRT/) | $1.4M | 154,953 | 0.7% | 8 |
| STORE CAP CORP | [STOR](https://holderbook.com/stocks/STOR/) | $1.4M | 52,200 | 0.7% | 8 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $1.4M | 50,000 | 0.7% | 8 |
| VORNADO RLTY TR | [VNO](https://holderbook.com/stocks/VNO/) | $1.3M | 39,835 | 0.7% | 8 |
| SL GREEN RLTY CORP | [SLGXXXX](https://holderbook.com/stocks/SLGXXXX/) | $1.3M | 27,900 | 0.7% | 8 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $1.3M | 15,000 | 0.7% | 8 |
| DUKE REALTY CORP | [DRE](https://holderbook.com/stocks/DRE/) | $1.3M | 34,370 | 0.7% | 8 |
| LIFE STORAGE INC | [LSI](https://holderbook.com/stocks/LSI/) | $1.3M | 12,000 | 0.7% | 8 |
| HEALTHCARE TR AMER INC | [HTA](https://holderbook.com/stocks/HTA/) | $1.2M | 48,000 | 0.6% | 8 |
| HEALTHCARE RLTY TR | [HRXXXX](https://holderbook.com/stocks/HRXXXX/) | $1.2M | 38,697 | 0.6% | 8 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $1.2M | 49,600 | 0.6% | 7 |
| PEBBLEBROOK HOTEL TR | [PEB](https://holderbook.com/stocks/PEB/) | $1.1M | 90,480 | 0.6% | 8 |
| CITY OFFICE REIT INC | [CIO](https://holderbook.com/stocks/CIO/) | $1.1M | 144,253 | 0.6% | 8 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $1.0M | 11,300 | 0.5% | 8 |
| VERIS RESIDENTIAL INC | [VRE](https://holderbook.com/stocks/VRE/) | $985.0K | 78,030 | 0.5% | 8 |
| NEXPOINT RESIDENTIAL TR INC | [NXRT](https://holderbook.com/stocks/NXRT/) | $936.0K | 21,102 | 0.5% | 8 |
| COHEN & STEERS QUALITY INCOM | [RQI](https://holderbook.com/stocks/RQI/) | $916.0K | 82,459 | 0.5% | 8 |
| ABRDN GLOBAL PREMIER PPTYS F | [AWP](https://holderbook.com/stocks/AWP/) | $907.0K | 196,826 | 0.5% | 8 |
| APARTMENT INVT & MGMT CO | [AIVXXXX](https://holderbook.com/stocks/AIVXXXX/) | $858.0K | 25,451 | 0.4% | 7 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $846.0K | 7,910 | 0.4% | 8 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $804.0K | 30,000 | 0.4% | 8 |
| RLJ LODGING TR | [RLJ](https://holderbook.com/stocks/RLJ/) | $768.0K | 88,688 | 0.4% | 8 |
| WHITESTONE REIT | [WSR](https://holderbook.com/stocks/WSR/) | $747.0K | 124,535 | 0.4% | 8 |
| CHATHAM LODGING TR | [CLDT](https://holderbook.com/stocks/CLDT/) | $739.0K | 97,000 | 0.4% | 8 |
| HERSHA HOSPITALITY TR | [HT](https://holderbook.com/stocks/HT/) | $734.0K | 132,475 | 0.4% | 8 |
| FARMLAND PARTNERS INC | [FPI](https://holderbook.com/stocks/FPI/) | $728.0K | 109,344 | 0.4% | 8 |
| HOST HOTELS & RESORTS INC | [HST](https://holderbook.com/stocks/HST/) | $723.0K | 67,000 | 0.4% | 8 |
| APPLE HOSPITALITY REIT INC | [APLE](https://holderbook.com/stocks/APLE/) | $686.0K | 71,400 | 0.4% | 8 |
| SPIRIT RLTY CAP INC NEW | [SRC](https://holderbook.com/stocks/SRC/) | $649.0K | 19,240 | 0.3% | 8 |
| PARK HOTELS & RESORTS INC | [PK](https://holderbook.com/stocks/PK/) | $588.0K | 58,853 | 0.3% | 8 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $570.0K | 20,000 | 0.3% | 3 |
| HUDSON PAC PPTYS INC | [HPP](https://holderbook.com/stocks/HPP/) | $570.0K | 26,000 | 0.3% | 8 |
| JERNIGAN CAP INC | [JCAP](https://holderbook.com/stocks/JCAP/) | $517.0K | 30,140 | 0.3% | 8 |
| SITE CTRS CORP | [SITCXXXX](https://holderbook.com/stocks/SITCXXXX/) | $493.0K | 68,500 | 0.3% | 8 |
| ONE LIBERTY PPTYS INC | [OLP](https://holderbook.com/stocks/OLP/) | $484.0K | 29,603 | 0.2% | 8 |
| ESSENTIAL PPTYS RLTY TR INC | [EPRT](https://holderbook.com/stocks/EPRT/) | $458.0K | 25,000 | 0.2% | 7 |
| RPT REALTY | [RPT](https://holderbook.com/stocks/RPT/) | $447.0K | 82,220 | 0.2% | 8 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $442.0K | 37,775 | 0.2% | 8 |
| NEW SR INVT GROUP INC | [SNR](https://holderbook.com/stocks/SNR/) | $416.0K | 104,121 | 0.2% | 8 |
| INVESTORS REAL ESTATE TR | [IRET](https://holderbook.com/stocks/IRET/) | $409.0K | 6,281 | 0.2% | 8 |
| URSTADT BIDDLE PPTYS INC | [UBA](https://holderbook.com/stocks/UBA/) | $373.0K | 40,500 | 0.2% | 8 |
| RETAIL OPPORTUNITY INVTS COR | [ROIC](https://holderbook.com/stocks/ROIC/) | $365.0K | 35,000 | 0.2% | 8 |
| MACERICH CO | [MAC](https://holderbook.com/stocks/MAC/) | $335.0K | 49,395 | 0.2% | 8 |
| ACADIA RLTY TR | [AKR](https://holderbook.com/stocks/AKR/) | $315.0K | 30,000 | 0.2% | 8 |
| DIAMONDROCK HOSPITALITY CO | [DRH](https://holderbook.com/stocks/DRH/) | $307.0K | 60,603 | 0.2% | 8 |
| PREFERRED APT CMNTYS INC | [APTS](https://holderbook.com/stocks/APTS/) | $305.0K | 56,479 | 0.2% | 8 |
| BRAEMAR HOTELS & RESORTS INC | [BHRPRB](https://holderbook.com/stocks/BHRPRB/) | $301.0K | 25,000 | 0.2% | 8 |
| COLONY CAP INC NEW | [CLNY](https://holderbook.com/stocks/CLNY/) | $287.0K | 104,980 | 0.1% | 8 |
| BRAEMAR HOTELS & RESORTS INC | [BHR](https://holderbook.com/stocks/BHR/) | $279.0K | 111,762 | 0.1% | 8 |
| FRANKLIN STR PPTYS CORP | [FSP](https://holderbook.com/stocks/FSP/) | $279.0K | 76,269 | 0.1% | 8 |
| WASHINGTON PRIME GROUP NEW | [WPG](https://holderbook.com/stocks/WPG/) | $214.0K | 331,148 | 0.1% | 8 |
| EATON VANCE ENHANCED EQUITY | [EOS](https://holderbook.com/stocks/EOS/) | $176.0K | 9,563 | 0.1% | 8 |
| CONDOR HOSPITALITY TR INC | [CDOR](https://holderbook.com/stocks/CDOR/) | $156.0K | 59,420 | 0.1% | 8 |
| PENNSYLVANIA RL ESTATE INVT | [PEIXXXX](https://holderbook.com/stocks/PEIXXXX/) | $113.0K | 203,491 | 0.1% | 8 |
| CBL & ASSOC PPTYS INC | [CBLAQ](https://holderbook.com/stocks/CBLAQ/) | $85.0K | 528,694 | 0.0% | 8 |
| CEDAR REALTY TRUST INC | [CDR](https://holderbook.com/stocks/CDR/) | $84.0K | 103,627 | 0.0% | 8 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $21.0K | 600 | 0.0% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2020 | -1.0% | +8.6% | -9.6% | 100% |
| Q2 2020 | +15.1% | +19.6% | -4.5% | 99% |
| Q1 2020 | -33.2% | -19.9% | -13.3% | 98% |
| Q4 2019 | -0.3% | +8.5% | -8.8% | 98% |
| Q3 2019 | +7.2% | +1.3% | +5.9% | 99% |
| Q2 2019 | +0.1% | +3.7% | -3.6% | 100% |
| Q1 2019 | +14.5% | +13.0% | +1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $194.3M | 101 |
| Q2 2020 | $227.0M | 112 |
| Q1 2020 | $197.6M | 113 |
| Q4 2019 | $290.8M | 115 |
| Q3 2019 | $292.2M | 115 |
| Q2 2019 | $275.2M | 119 |
| Q1 2019 | $276.4M | 124 |
| Q4 2018 | $242.4M | 121 |