# GRS Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1544554. Source: https://holderbook.com/funds/1544554-grs-advisors-llc/

- Reported value: $1.2B
- Positions: 27
- Weight of the ten largest: 59.7%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| CARETRUST REIT INC | [CTRE](https://holderbook.com/stocks/CTRE/) | $94.4M | 2,338,620 | 8.0% | 11 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $88.9M | 543,575 | 7.5% | 1 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $75.1M | 557,676 | 6.3% | 4 |
| AMERICAN HEALTHCARE REIT INC | [AHR](https://holderbook.com/stocks/AHR/) | $73.5M | 1,408,592 | 6.2% | 8 |
| CURBLINE PPTYS CORP | [CURB](https://holderbook.com/stocks/CURB/) | $73.4M | 2,414,069 | 6.2% | 7 |
| COPT DEFENSE PROPERTIES | [CDP](https://holderbook.com/stocks/CDP/) | $70.3M | 1,930,934 | 5.9% | 4 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $65.1M | 368,869 | 5.5% | 8 |
| REXFORD INDL RLTY INC | [REXR](https://holderbook.com/stocks/REXR/) | $62.0M | 1,849,516 | 5.2% | 1 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $54.5M | 423,830 | 4.6% | 5 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $50.0M | 2,420,071 | 4.2% | 2 |
| NETSTREIT CORP | [NTST](https://holderbook.com/stocks/NTST/) | $48.4M | 2,292,175 | 4.1% | 2 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $43.1M | 1,315,251 | 3.6% | 6 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $42.1M | 40,415 | 3.6% | 16 |
| M/I HOMES INC | [MHO](https://holderbook.com/stocks/MHO/) | $41.4M | 257,646 | 3.5% | 1 |
| TRAVEL PLUS LEISURE CO | [TNL](https://holderbook.com/stocks/TNL/) | $40.2M | 526,334 | 3.4% | 1 |
| MERITAGE HOMES CORP | [MTH](https://holderbook.com/stocks/MTH/) | $38.5M | 458,625 | 3.2% | 3 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $37.7M | 2,261,567 | 3.2% | 1 |
| TANGER INC | [SKT](https://holderbook.com/stocks/SKT/) | $37.6M | 952,407 | 3.2% | 13 |
| HYATT HOTELS CORP | [H](https://holderbook.com/stocks/H/) | $34.9M | 179,953 | 2.9% | 2 |
| LINEAGE INC | [LINE](https://holderbook.com/stocks/LINE/) | $34.4M | 795,907 | 2.9% | 8 |
| PURSUIT ATTRACTIONS AND HOSP | [PRSU](https://holderbook.com/stocks/PRSU/) | $24.6M | 439,471 | 2.1% | 4 |
| HIGHWOODS PPTYS INC | [HIW](https://holderbook.com/stocks/HIW/) | $24.1M | 800,694 | 2.0% | 1 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $20.6M | 90,543 | 1.7% | 11 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $2.7M | 68,014 | 0.2% | 5 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $2.6M | 84,578 | 0.2% | 4 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $2.4M | 19,231 | 0.2% | 2 |
| FEDERAL RLTY INVT TR NEW | [FRT](https://holderbook.com/stocks/FRT/) | $1.9M | 15,479 | 0.2% | 5 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +13.6% | +14.8% | -1.2% | 100% |
| Q1 2026 | +0.9% | -4.6% | +5.5% | 100% |
| Q4 2025 | -1.1% | +2.4% | -3.5% | 100% |
| Q3 2025 | +1.8% | +7.8% | -6.1% | 100% |
| Q2 2025 | +1.5% | +10.5% | -9.0% | 100% |
| Q1 2025 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2024 | -5.8% | +2.1% | -8.0% | 100% |
| Q3 2024 | +14.4% | +5.4% | +9.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 27 |
| Q1 2026 | $1.0B | 32 |
| Q4 2025 | $1.1B | 33 |
| Q3 2025 | $1.1B | 31 |
| Q2 2025 | $1.0B | 27 |
| Q1 2025 | $961.1M | 32 |
| Q4 2024 | $1.0B | 30 |
| Q3 2024 | $1.1B | 27 |
| Q2 2024 | $867.1M | 26 |
| Q1 2024 | $745.0M | 30 |
| Q4 2023 | $606.3M | 30 |
| Q3 2023 | $565.2M | 30 |