GRS Advisors
Chicago, ILfiles as GRS Advisors, LLC
$1.2bn in 27 US stocks at the end of 30 June 2026. The top 10 are 59.7% of the money. It changed about 46.0% of the portfolio this quarter.
Value
$1.2bn
Stocks
27
Top 10 share
59.7%
Turnover
46.0%
What changed this quarter
New
Bought for the first time this quarter.
- American TowerAMT7.5% of the fund
- Rexford Industrial RealtyREXR5.2% of the fund
- M/I HomesMHO3.5% of the fund
- Travel & LeisureTNL3.4% of the fund
- Independence Realty TrustIRT3.2% of the fund
- Highwoods PropertiesHIW2.0% of the fund
Added
Bought more of a stock they already held.
- CareTrust REITCTRE8.0% of the fund+78%
- Cbre GroupCBRE6.3% of the fund+110%
- American Healthcare REITAHR6.2% of the fund+38%
- Curbline PropertiesCURB6.2% of the fund+47%
- Copt Defense PropertiesCDP5.9% of the fund+17%
- SBA CommunicationsSBAC5.5% of the fund+85%
- Ryman Hospitality PropertiesRHP4.6% of the fund+1605%
- NetstreitNTST4.1% of the fund+2%
- Meritage HomesMTH3.2% of the fund+1938%
- TangerSKT3.2% of the fund+38%
Cut
Sold some of their stake.
- Broadstone Net LeaseBNL4.2% of the fund-9%
- EquinixEQIX3.6% of the fund-10%
- Hyatt HotelsH2.9% of the fund-26%
- LineageLINE2.9% of the fund-18%
- Pursuit Attractions & HospitalityPRSU2.1% of the fund-52%
- WelltowerWELL1.7% of the fund-38%
- CubeSmartCUBE0.2% of the fund-31%
- Federal Realty Investment TrustFRT0.2% of the fund-98%
Sold out
Sold their entire stake.
- PrologisPLD-100%
- Wyndham Hotels & ResortsWH-100%
- VentasVTR-100%
- Cousins PropertiesCUZ-100%
- Blackstone Mortgage TrustBXMT-100%
- Regency CentersREG-100%
- UDRUDR-100%
- Janus LivingJAN-100%
- Crown CastleCCI-100%
- Vail ResortsMTN-100%
- Rocket CompaniesRKT-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| CareTrust REITCTRE | 8.0% | $94m | 2,338,620 | +78% |
| American TowerAMT | 7.5% | $89m | 543,575 | New |
| Cbre GroupCBRE | 6.3% | $75m | 557,676 | +110% |
| American Healthcare REITAHR | 6.2% | $73m | 1,408,592 | +38% |
| Curbline PropertiesCURB | 6.2% | $73m | 2,414,069 | +47% |
| Copt Defense PropertiesCDP | 5.9% | $70m | 1,930,934 | +17% |
| SBA CommunicationsSBAC | 5.5% | $65m | 368,869 | +85% |
| Rexford Industrial RealtyREXR | 5.2% | $62m | 1,849,516 | New |
| Ryman Hospitality PropertiesRHP | 4.6% | $54m | 423,830 | +1605% |
| Broadstone Net LeaseBNL | 4.2% | $50m | 2,420,071 | -9% |
| NetstreitNTST | 4.1% | $48m | 2,292,175 | +2% |
| OUTFRONT MediaOUT | 3.6% | $43m | 1,315,251 | Held |
| EquinixEQIX | 3.6% | $42m | 40,415 | -10% |
| M/I HomesMHO | 3.5% | $41m | 257,646 | New |
| Travel & LeisureTNL | 3.4% | $40m | 526,334 | New |
| Meritage HomesMTH | 3.2% | $38m | 458,625 | +1938% |
| Independence Realty TrustIRT | 3.2% | $38m | 2,261,567 | New |
| TangerSKT | 3.2% | $38m | 952,407 | +38% |
| Hyatt HotelsH | 2.9% | $35m | 179,953 | -26% |
| LineageLINE | 2.9% | $34m | 795,907 | -18% |
| Pursuit Attractions & HospitalityPRSU | 2.1% | $25m | 439,471 | -52% |
| Highwoods PropertiesHIW | 2.0% | $24m | 800,694 | New |
| WelltowerWELL | 1.7% | $21m | 90,543 | -38% |
| CubeSmartCUBE | 0.2% | $3m | 68,014 | -31% |
| Invitation HomesINVH | 0.2% | $3m | 84,578 | Held |
| Iron MountainIRM | 0.2% | $2m | 19,231 | Held |
| Federal Realty Investment TrustFRT | 0.2% | $2m | 15,479 | -98% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 13.8% since 30 June 2025.
Where the money is
Real estate84.8%
Retail & consumer15.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.