GRS Advisors, LLC
Filing Date
Global Rank
#1,751
/ 8,605
▼ 48
· as of Mar 2026
Top Industry
REIT - Retail
21.4%
3Y Alpha vs SPY
-9.2%
Period ended 3 months ago
Filed May 15, 2026 · 55d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+39.2%
SPY
+76.5%
Annualised alpha
-9.2%
Max drawdown
−20.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
32 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
8.1%
+0.9 pts
Top 5
31.4%
−0.7 pts
Top 10
54.3%
−1.8 pts
HHI
459
Diversified+12
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Real Estate | 86.8% | $878,527,702 |
| Consumer Cyclical | 13.1% | $132,806,120 |
| Financial Services | 0.0% | $356,734 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CDP | Copt Defense Properties | +607,707 | 1,650,055 | $50,491,683 | |
| VTR | Ventas, Inc. | +587,484 | 624,771 | $51,093,772 | |
| FRT | Federal Realty Investment Trust | +341,784 | 686,774 | $72,942,266 | |
| CBRE | Cbre Group, Inc. | +258,538 | 265,867 | $36,014,343 | |
| CUBE | CubeSmart | +43,057 | 99,210 | $3,636,046 | |
| CURB | Curbline Properties Corp. | +38,349 | 1,638,232 | $42,250,003 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
16 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| OUT | OUTFRONT Media Inc. | −1,996,193 | 1,290,414 | $34,195,971 | |
| RKT | Rocket Companies, Inc. | −1,194,093 | 25,034 | $356,734 | |
| RHP | Ryman Hospitality Properties, Inc. | −694,253 | 24,851 | $2,293,001 | |
| CCI | Crown Castle Inc. | −646,074 | 46,938 | $3,816,528 | |
| LINE | Lineage, Inc. | −549,011 | 966,233 | $31,653,793 | |
| MTH | Meritage Homes CORP | −492,239 | 22,504 | $1,391,647 | |
| CTRE | CareTrust REIT, Inc. | −344,617 | 1,314,081 | $48,161,068 | |
| REG | Regency Centers Corp | −218,825 | 475,344 | $35,964,527 | |
| PRSU | Pursuit Attractions & Hospitality, Inc. | −169,721 | 910,258 | $33,342,750 | |
| WH | Wyndham Hotels & Resorts, Inc. | −152,519 | 753,625 | $61,216,958 | |
| AHR | American Healthcare REIT, Inc. | −143,305 | 1,021,022 | $48,151,397 | |
| UDR | UDR, Inc. | −80,798 | 815,632 | $27,552,048 | |
| SBAC | Sba Communications Corp | −64,829 | 199,427 | $34,323,380 | |
| EQIX | Equinix Inc | −60,367 | 44,677 | $43,794,182 | |
| SKT | Tanger Inc. | −4,336 | 690,491 | $23,462,884 | |
| WELL | Welltower Inc. | −222 | 145,581 | $28,782,819 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| PLD | Prologis, Inc. | 621,204 | $82,110,744 | |
| BNL | Broadstone Net Lease, Inc. | 2,663,028 | $48,653,521 | |
| NTST | NETSTREIT Corp. | 2,244,307 | $42,260,300 | |
| CUZ | Cousins Properties Inc | 1,764,460 | $39,823,862 | |
| BXMT | Blackstone Mortgage Trust, Inc. | 1,985,984 | $38,031,593 | |
| H | Hyatt Hotels Corp | 242,944 | $34,932,917 | |
| JAN | Janus Living, Inc. | 212,217 | $5,001,954 | |
| IRM | Iron Mountain Inc | 19,231 | $1,964,254 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
9 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| DBRG | DigitalBridge Group, Inc. | 2,571,868 | $39,452,455 | |
| CPT | Camden Property Trust | 345,599 | $38,043,537 | |
| MAC | Macerich Co | 1,797,730 | $33,186,095 | |
| NCLH | Norwegian Cruise Line Holdings Ltd. | 1,415,073 | $31,584,429 | |
| VNO | Vornado Realty Trust | 848,689 | $28,244,369 | |
| HIW | Highwoods Properties, Inc. | 981,523 | $25,342,923 | |
| DLR | Digital Realty Trust, Inc. | 16,064 | $2,485,261 | |
| GLPI | Gaming & Leisure Properties, Inc. | 46,885 | $2,095,290 | |
| JLL | Jones Lang Lasalle Inc | 3,926 | $1,320,981 | |
| No positions match the current search. | ||||
32 positions ·
$1,011,690,556 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PLD |
Prologis, Inc.
Real Estate
|
NEW | 621,204 | $82,110,744 | 8.12% | |
| FRT |
Federal Realty Investment Trust
Real Estate
|
Added | 686,774 | $72,942,266 | 7.21% | |
| WH |
Wyndham Hotels & Resorts, Inc.
Consumer Cyclical
|
Reduced | 753,625 | $61,216,958 | 6.05% | |
| VTR |
Ventas, Inc.
Real Estate
|
Added | 624,771 | $51,093,772 | 5.05% | |
| CDP |
Copt Defense Properties
Real Estate
|
Added | 1,650,055 | $50,491,683 | 4.99% | |
| BNL |
Broadstone Net Lease, Inc.
Real Estate
|
NEW | 2,663,028 | $48,653,521 | 4.81% | |
| CTRE |
CareTrust REIT, Inc.
Real Estate
|
Reduced | 1,314,081 | $48,161,068 | 4.76% | |
| AHR |
American Healthcare REIT, Inc.
Real Estate
|
Reduced | 1,021,022 | $48,151,397 | 4.76% | |
| EQIX |
Equinix Inc
Real Estate
|
Reduced | 44,677 | $43,794,182 | 4.33% | |
| NTST |
NETSTREIT Corp.
Real Estate
|
NEW | 2,244,307 | $42,260,300 | 4.18% | |
| CURB |
Curbline Properties Corp.
Real Estate
|
Added | 1,638,232 | $42,250,003 | 4.18% | |
| CUZ |
Cousins Properties Inc
Real Estate
|
NEW | 1,764,460 | $39,823,862 | 3.94% | |
| BXMT |
Blackstone Mortgage Trust, Inc.
Real Estate
|
NEW | 1,985,984 | $38,031,593 | 3.76% | |
| CBRE |
Cbre Group, Inc.
Real Estate
|
Added | 265,867 | $36,014,343 | 3.56% | |
| REG |
Regency Centers Corp
Real Estate
|
Reduced | 475,344 | $35,964,527 | 3.55% | |
| H |
Hyatt Hotels Corp
Consumer Cyclical
|
NEW | 242,944 | $34,932,917 | 3.45% | |
| SBAC |
Sba Communications Corp
Real Estate
|
Reduced | 199,427 | $34,323,380 | 3.39% | |
| OUT |
OUTFRONT Media Inc.
Real Estate
|
Reduced | 1,290,414 | $34,195,971 | 3.38% | |
| PRSU |
Pursuit Attractions & Hospitality, Inc.
Consumer Cyclical
|
Reduced | 910,258 | $33,342,750 | 3.30% | |
| LINE |
Lineage, Inc.
Real Estate
|
Reduced | 966,233 | $31,653,793 | 3.13% | |
| WELL |
Welltower Inc.
Real Estate
|
Reduced | 145,581 | $28,782,819 | 2.85% | |
| UDR |
UDR, Inc.
Real Estate
|
Reduced | 815,632 | $27,552,048 | 2.72% | |
| SKT |
Tanger Inc.
Real Estate
|
Reduced | 690,491 | $23,462,884 | 2.32% | |
| JAN |
Janus Living, Inc.
Real Estate
|
NEW | 212,217 | $5,001,954 | 0.49% | |
| CCI |
Crown Castle Inc.
Real Estate
|
Reduced | 46,938 | $3,816,528 | 0.38% | |
| CUBE |
CubeSmart
Real Estate
|
Added | 99,210 | $3,636,046 | 0.36% | |
| RHP |
Ryman Hospitality Properties, Inc.
Real Estate
|
Reduced | 24,851 | $2,293,001 | 0.23% | |
| INVH |
Invitation Homes Inc.
Real Estate
|
Held | 84,578 | $2,101,763 | 0.21% | |
| IRM |
Iron Mountain Inc
Real Estate
|
NEW | 19,231 | $1,964,254 | 0.19% | |
| MTN |
Vail Resorts Inc
Consumer Cyclical
|
Held | 14,977 | $1,921,848 | 0.19% | |
| MTH |
Meritage Homes CORP
Consumer Cyclical
|
Reduced | 22,504 | $1,391,647 | 0.14% | |
| RKT |
Rocket Companies, Inc.
Financial Services
|
Reduced | 25,034 | $356,734 | 0.04% |