GRS Advisors, LLC Quant / Systematic

Location: Chicago, IL

CIK: 0001544554 · Show all filings

Period: Q1 2015 (← Previous) (Next →)

Filing Date: May 15, 2015

Total Value: $920M (100.0% shares, 0.0% debt)

Holdings (27)

— HERSHA HOSPITALITY TR 7.6%

Value $69.64M Shares 10,764,100 Est. Cost $5.94 Unrealized —

— CBL & ASSOC PPTYS INC 6.3%

Value $57.73M Shares 2,915,800 Est. Cost $20.17 Unrealized —

MTN VAIL RESORTS INC 6.1%

Value $56.37M Shares 545,100 Est. Cost $71.20 Unrealized +27.2%

— HILTON WORLDWIDE HLDGS INC 6.1%

Value $56.36M Shares 1,902,800 Est. Cost $22.89 Unrealized —

IWM ISHARES TR 5.1%

Value $46.74M Shares 375,800 Est. Cost — Unrealized —

— ISTAR FINL INC 5.1%

Value $46.58M Shares 3,582,700 Est. Cost $11.82 Unrealized —

— STARWOOD HOTELS&RESORTS WRLD 4.7%

Value $43.45M Shares 520,400 Est. Cost $68.43 Unrealized —

— HUDSON PAC PPTYS INC 4.5%

Value $41.79M Shares 1,259,079 Est. Cost $22.00 Unrealized —

DHI D R HORTON INC 4.3%

Value $39.72M Shares 1,394,600 Est. Cost $19.44 Unrealized +18.9%

AVB AVALONBAY CMNTYS INC 4.3%

Value $39.48M Shares 226,600 Est. Cost $120.13 Unrealized 0.0%

— DDR CORP 4.1%

Value $38.08M Shares 2,045,000 Est. Cost $16.68 Unrealized —

IYR ISHARES TR 3.9%

Value $35.58M Shares 448,500 Est. Cost — Unrealized —

— HOWARD HUGHES CORP 3.9%

Value $35.56M Shares 229,400 Est. Cost $132.12 Unrealized —

— SPIRIT RLTY CAP INC NEW 3.8%

Value $35.33M Shares 2,925,000 Est. Cost $10.89 Unrealized —

— SBA COMMUNICATIONS CORP 3.8%

Value $35.27M Shares 301,150 Est. Cost $112.92 Unrealized —

— COLONY FINL INC 3.6%

Value $33.37M Shares 1,287,249 Est. Cost $22.72 Unrealized —

CUBE CUBESMART 3.3%

Value $30.41M Shares 1,259,000 Est. Cost $24.15 Unrealized —

FR FIRST INDUSTRIAL REALTY TRUS 3.2%

Value $29.3M Shares 1,367,447 Est. Cost $21.43 Unrealized —

LOW LOWES COS INC 2.7%

Value $24.97M Shares 335,700 Est. Cost $36.02 Unrealized +63.6%

MTH MERITAGE HOMES CORP 2.5%

Value $23.11M Shares 475,100 Est. Cost $20.21 Unrealized 0.0%

RCL ROYAL CARIBBEAN CRUISES LTD 2.4%

Value $22.21M Shares 271,400 Est. Cost $69.46 Unrealized 0.0%

— TAUBMAN CTRS INC 2.2%

Value $20.13M Shares 261,000 Est. Cost $77.13 Unrealized —

MAC MACERICH CO 1.9%

Value $17.09M Shares 202,700 Est. Cost $61.22 Unrealized —

— HEALTH CARE REIT INC 1.6%

Value $14.53M Shares 187,800 Est. Cost $77.36 Unrealized —

— CHESAPEAKE LODGING TR 1.1%

Value $10.36M Shares 306,100 Est. Cost $33.83 Unrealized —

DDS DILLARDS INC 0.9%

Value $8.464M Shares 62,000 Est. Cost $92.68 Unrealized 0.0%

M MACYS INC 0.9%

Value $8.049M Shares 124,000 Est. Cost $58.74 Unrealized +9.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	HERSHA HOSPITALITY TR	10,764,100	$69.64M	7.6%	$5.94	—	SH BEN INT A	427825104
—	CBL & ASSOC PPTYS INC	2,915,800	$57.73M	6.3%	$20.17	—	COM	124830100
MTN	VAIL RESORTS INC	545,100	$56.37M	6.1%	$71.20	+27.2%	COM	91879Q109
—	HILTON WORLDWIDE HLDGS INC	1,902,800	$56.36M	6.1%	$22.89	—	COM	43300A104
IWM	ISHARES TR	375,800	$46.74M	5.1%	—	—	Put	464287655
—	ISTAR FINL INC	3,582,700	$46.58M	5.1%	$11.82	—	COM	45031U101
—	STARWOOD HOTELS&RESORTS WRLD	520,400	$43.45M	4.7%	$68.43	—	COM	85590A401
—	HUDSON PAC PPTYS INC	1,259,079	$41.79M	4.5%	$22.00	—	COM	444097109
DHI	D R HORTON INC	1,394,600	$39.72M	4.3%	$19.44	+18.9%	COM	23331A109
AVB	AVALONBAY CMNTYS INC	226,600	$39.48M	4.3%	$120.13	0.0%	COM	053484101
—	DDR CORP	2,045,000	$38.08M	4.1%	$16.68	—	COM	23317H102
IYR	ISHARES TR	448,500	$35.58M	3.9%	—	—	Put	464287739
—	HOWARD HUGHES CORP	229,400	$35.56M	3.9%	$132.12	—	COM	44267D107
—	SPIRIT RLTY CAP INC NEW	2,925,000	$35.33M	3.8%	$10.89	—	COM	84860W102
—	SBA COMMUNICATIONS CORP	301,150	$35.27M	3.8%	$112.92	—	COM	78388J106
—	COLONY FINL INC	1,287,249	$33.37M	3.6%	$22.72	—	COM	19624R106
CUBE	CUBESMART	1,259,000	$30.41M	3.3%	$24.15	—	COM	229663109
FR	FIRST INDUSTRIAL REALTY TRUS	1,367,447	$29.3M	3.2%	$21.43	—	COM	32054K103
LOW	LOWES COS INC	335,700	$24.97M	2.7%	$36.02	+63.6%	COM	548661107
MTH	MERITAGE HOMES CORP	475,100	$23.11M	2.5%	$20.21	0.0%	COM	59001A102
RCL	ROYAL CARIBBEAN CRUISES LTD	271,400	$22.21M	2.4%	$69.46	0.0%	COM	V7780T103
—	TAUBMAN CTRS INC	261,000	$20.13M	2.2%	$77.13	—	COM	876664103
MAC	MACERICH CO	202,700	$17.09M	1.9%	$61.22	—	COM	554382101
—	HEALTH CARE REIT INC	187,800	$14.53M	1.6%	$77.36	—	COM	42217K106
—	CHESAPEAKE LODGING TR	306,100	$10.36M	1.1%	$33.83	—	SH BEN INT	165240102
DDS	DILLARDS INC	62,000	$8.464M	0.9%	$92.68	0.0%	CL A	254067101
M	MACYS INC	124,000	$8.049M	0.9%	$58.74	+9.6%	COM	55616P104