GRS Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), GRS Advisors, LLC reported 33 stock positions worth $1.1 billion. Its top holding was Equinix (EQIX) at 7.2% of the portfolio, followed by Outfront Media (OUT, 7.1%) and Wyndham Hotels & Resorts (WH, 6.1%). Compared with Q3 2025, it opened 6 new positions, sold out of 4, added to 14 and reduced 10. The biggest buy was Wyndham Hotels & Resorts (WH, shares +17858%) and the biggest sale Crown Castle (CCI, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001544554
- Portfolio Value
- $1.1B (Q4 2025)
- SEC Filing
- 0001172661-26-000846 ↗ filed Feb 17, 2026
Holdings Value
Holdings 33 stocks · $1.1B
| EQIX Equinix Inc. | 7.22% | 105,044 | $80.5M | Add +29.9% |
| OUT Outfront Media Inc. | 7.11% | 3,286,607 | $79.2M | Add +33.2% |
| WH Wyndham Hotels & Resorts Inc. | 6.14% | 906,144 | $68.5M | Add +17857.7% |
| RHP Ryman Hospitality Properties | 6.10% | 719,104 | $68.0M | Add +40.7% |
| CCI Crown Castle Inc. | 5.53% | 693,012 | $61.6M | Reduce -46.5% |
| CTRE Caretrust REIT Inc. | 5.38% | 1,658,698 | $60.0M | Add +7.0% |
| AHR American Healthcare REIT Inc. | 4.92% | 1,164,327 | $54.8M | Reduce -21.4% |
| LINE Lineage Inc. | 4.76% | 1,515,244 | $53.0M | Add +37.1% |
| SBAC SBA Communications Corp. | 4.59% | 264,256 | $51.1M | Add +2338.9% |
| REG Regency Centers Corp. | 4.30% | 694,169 | $47.9M | New |
| DBRG Digitalbridge Group Inc. | 3.54% | 2,571,868 | $39.5M | New |
| CPT Camden Property Trust | 3.41% | 345,599 | $38.0M | New |
| CURB Curbline Properties Corp. | 3.33% | 1,599,883 | $37.1M | Reduce -33.4% |
| PRSU Pursuit Attractions and Hosp | 3.26% | 1,079,979 | $36.4M | Add +37.1% |
| FRT Federal Realty Invs Trust | 3.12% | 344,990 | $34.8M | Reduce -47.3% |
| MTH Meritage Homes Corp. | 3.04% | 514,743 | $33.9M | New |
| MAC The Macerich Co. | 2.98% | 1,797,730 | $33.2M | New |
| UDR Udr Inc. | 2.95% | 896,430 | $32.9M | Add +1657.2% |
| NCLH Norwegian Cruise Line Holdin | 2.83% | 1,415,073 | $31.6M | Add +1.8% |
| CDP Copt Defense Properties | 2.60% | 1,042,348 | $29.0M | Add +6.7% |
| VNO Vornado Realty Trust | 2.53% | 848,689 | $28.2M | Add +7.2% |
| WELL Welltower Inc. | 2.43% | 145,803 | $27.1M | Add +9.1% |
| HIW Highwoods Properties Inc. | 2.27% | 981,523 | $25.3M | Reduce -52.0% |
| RKT Rocket Cos Inc. Class A | 2.12% | 1,219,127 | $23.6M | New |
| SKT Tanger Inc. | 2.08% | 694,827 | $23.2M | Reduce -41.1% |
| VTR Ventas Inc. | 0.26% | 37,287 | $2.9M | No change |
| DLR Digital Realty Trust Inc. | 0.22% | 16,064 | $2.5M | Reduce -84.6% |
| INVH Invitation Homes Inc. | 0.21% | 84,578 | $2.4M | Add +9.3% |
| GLPI Gaming and Leisure Propertie | 0.19% | 46,885 | $2.1M | No change |
| CUBE Cubesmart | 0.18% | 56,153 | $2.0M | No change |
| MTN Vail Resorts Inc. | 0.18% | 14,977 | $2.0M | Reduce -96.7% |
| JLL Jones Lang Lasalle Inc. | 0.12% | 3,926 | $1.3M | Reduce -93.7% |
| CBRE CBRE Group Inc. Class A | 0.11% | 7,329 | $1.2M | Reduce -93.7% |
Portfolio Sells Q3 2025 → Q4 2025
| CCI Crown Castle Inc. | Reduce -46.5% | 5.53% | −6.17 |
| MTN Vail Resorts Inc. | Reduce -96.7% | 0.18% | −6.15 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −5.84 |
| HIW Highwoods Properties Inc. | Reduce -52.0% | 2.27% | −3.82 |
| FRT Federal Realty Invs Trust | Reduce -47.3% | 3.12% | −3.09 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −2.66 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −1.83 |
| CURB Curbline Properties Corp. | Reduce -33.4% | 3.33% | −1.68 |
| SKT Tanger Inc. | Reduce -41.1% | 2.08% | −1.65 |
| JLL Jones Lang Lasalle Inc. | Reduce -93.7% | 0.12% | −1.63 |
| CBRE CBRE Group Inc. Class A | Reduce -93.7% | 0.11% | −1.62 |
| DLR Digital Realty Trust Inc. | Reduce -84.6% | 0.22% | −1.47 |
| CCL Carnival Corp. | Sold out | 0.00% | −1.08 |
| AHR American Healthcare REIT Inc. | Reduce -21.4% | 4.92% | −0.91 |
Portfolio Buys Q3 2025 → Q4 2025
| WH Wyndham Hotels & Resorts Inc. | Add +17857.7% | 6.14% | +6.10 |
| SBAC SBA Communications Corp. | Add +2338.9% | 4.59% | +4.39 |
| REG Regency Centers Corp. | New | 4.30% | +4.30 |
| DBRG Digitalbridge Group Inc. | New | 3.54% | +3.54 |
| CPT Camden Property Trust | New | 3.41% | +3.41 |
| MTH Meritage Homes Corp. | New | 3.04% | +3.04 |
| MAC The Macerich Co. | New | 2.98% | +2.98 |
| OUT Outfront Media Inc. | Add +33.2% | 7.11% | +2.87 |
| UDR Udr Inc. | Add +1657.2% | 2.95% | +2.77 |
| RKT Rocket Cos Inc. Class A | New | 2.12% | +2.12 |
| RHP Ryman Hospitality Properties | Add +40.7% | 6.10% | +1.82 |
| EQIX Equinix Inc. | Add +29.9% | 7.22% | +1.29 |
| LINE Lineage Inc. | Add +37.1% | 4.76% | +0.76 |
| PRSU Pursuit Attractions and Hosp | Add +37.1% | 3.26% | +0.59 |
| CTRE Caretrust REIT Inc. | Add +7.0% | 5.38% | +0.35 |
| WELL Welltower Inc. | Add +9.1% | 2.43% | +0.20 |
| INVH Invitation Homes Inc. | Add +9.3% | 0.21% | −0.00 |
| CDP Copt Defense Properties | Add +6.7% | 2.60% | −0.06 |
| NCLH Norwegian Cruise Line Holdin | Add +1.8% | 2.83% | −0.37 |
| VNO Vornado Realty Trust | Add +7.2% | 2.53% | −0.47 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 27 | $1.2B | CTRE, AMT, CBRE, AHR, CURB |
| Q1 2026 | 32 | $1.0B | PLD, FRT, WH, VTR, CDP |
| Q4 2025 | 33 | $1.1B | EQIX, OUT, WH, RHP, CCI |
| Q3 2025 | 31 | $1.1B | CCI, MTN, FRT, HIW, EQIX |
| Q2 2025 | 27 | $1.0B | H, MTN, VMRK, AHR, EQIX |
| Q1 2025 | 32 | $961.1M | WELL, CURB, DLR, ADC, OUT |
| Q4 2024 | 30 | $1.0B | SBAC, MAR, O, CUZ, CURB |
| Q3 2024 | 27 | $1.1B | SBAC, MAR, REXR, SUI, RYN |
| Q2 2024 | 26 | $867.1M | COLD, AMH, DLR, WH, VICI |
| Q1 2024 | 30 | $745.0M | HIW, WFG, COLD, SBAC, SKT |