GRS Advisors, LLC Quant / Systematic

CIK: 0001544554 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,114,669 (100.0% shares, 0.0% debt)

Holdings (33)

New Positions (6)

REG REGENCY CTRS CORP 4.3%

Value ($000) $47,918 Shares 694,169 Est. Cost $69.47 Unrealized 0.0%

DBRG DIGITALBRIDGE GROUP INC 3.5%

Value ($000) $39,452 Shares 2,571,868 Est. Cost $12.01 Unrealized 0.0%

CPT CAMDEN PPTY TR 3.4%

Value ($000) $38,044 Shares 345,599 Est. Cost $103.14 Unrealized 0.0%

MTH MERITAGE HOMES CORP 3.0%

Value ($000) $33,870 Shares 514,743 Est. Cost $69.25 Unrealized 0.0%

MAC MACERICH CO 3.0%

Value ($000) $33,186 Shares 1,797,730 Est. Cost $18.46 Unrealized —

RKT ROCKET COS INC 2.1%

Value ($000) $23,602 Shares 1,219,127 Est. Cost $17.88 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
REG	REGENCY CTRS CORP	694,169	$47,918	4.3%	$69.47	0.0%	COM	758849103
DBRG	DIGITALBRIDGE GROUP INC	2,571,868	$39,452	3.5%	$12.01	0.0%	CL A NEW	25401T603
CPT	CAMDEN PPTY TR	345,599	$38,044	3.4%	$103.14	0.0%	SH BEN INT	133131102
MTH	MERITAGE HOMES CORP	514,743	$33,870	3.0%	$69.25	0.0%	COM	59001A102
MAC	MACERICH CO	1,797,730	$33,186	3.0%	$18.46	—	COM	554382101
RKT	ROCKET COS INC	1,219,127	$23,602	2.1%	$17.88	0.0%	COM CL A	77311W101

Increased Positions (14)

WH WYNDHAM HOTELS & RESORTS INC 6.1%

Value ($000) $68,468 (+16882.3%) Shares 906,144 (+17857.7%) Est. Cost $75.38 Unrealized +0.0%

SBAC SBA COMMUNICATIONS CORP NEW 4.6%

Value ($000) $51,115 (+2339.9%) Shares 264,256 (+2338.9%) Est. Cost $193.67 Unrealized -0.5%

OUT OUTFRONT MEDIA INC 7.1%

Value ($000) $79,207 (+75.2%) Shares 3,286,607 (+33.2%) Est. Cost $18.31 Unrealized —

UDR UDR INC 2.9%

Value ($000) $32,881 (+1629.8%) Shares 896,430 (+1657.2%) Est. Cost $35.86 Unrealized -0.9%

RHP RYMAN HOSPITALITY PPTYS INC 6.1%

Value ($000) $68,042 (+48.6%) Shares 719,104 (+40.7%) Est. Cost $96.06 Unrealized —

EQIX EQUINIX INC 7.2%

Value ($000) $80,481 (+27.0%) Shares 105,044 (+29.9%) Est. Cost $792.00 Unrealized -1.4%

LINE LINEAGE INC 4.8%

Value ($000) $53,034 (+24.2%) Shares 1,515,244 (+37.1%) Est. Cost $49.86 Unrealized —

PRSU PURSUIT ATTRACTIONS AND HOSP 3.3%

Value ($000) $36,374 (+27.6%) Shares 1,079,979 (+37.1%) Est. Cost $34.13 Unrealized +2.3%

CTRE CARETRUST REIT INC 5.4%

Value ($000) $59,979 (+11.5%) Shares 1,658,698 (+7.0%) Est. Cost $29.17 Unrealized —

VNO VORNADO RLTY TR 2.5%

Value ($000) $28,244 (-12.0%) Shares 848,689 (+7.2%) Est. Cost $40.04 Unrealized —

WELL WELLTOWER INC 2.4%

Value ($000) $27,062 (+13.7%) Shares 145,803 (+9.1%) Est. Cost $142.30 Unrealized +31.0%

NCLH NORWEGIAN CRUISE LINE HLDG L 2.8%

Value ($000) $31,584 (-7.8%) Shares 1,415,073 (+1.8%) Est. Cost $24.24 Unrealized -12.9%

CDP COPT DEFENSE PROPERTIES 2.6%

Value ($000) $28,977 (+2.0%) Shares 1,042,348 (+6.7%) Est. Cost $28.98 Unrealized —

INVH INVITATION HOMES INC 0.2%

Value ($000) $2,350 (+3.5%) Shares 84,578 (+9.3%) Est. Cost $29.98 Unrealized -7.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WH	WYNDHAM HOTELS & RESORTS INC	906,144 (+17857.7%)	$68,468 (+16882.3%)	6.1%	$75.38	+0.0%	COM	98311A105
SBAC	SBA COMMUNICATIONS CORP NEW	264,256 (+2338.9%)	$51,115 (+2339.9%)	4.6%	$193.67	-0.5%	CL A	78410G104
OUT	OUTFRONT MEDIA INC	3,286,607 (+33.2%)	$79,207 (+75.2%)	7.1%	$18.31	—	COM NEW	69007J304
UDR	UDR INC	896,430 (+1657.2%)	$32,881 (+1629.8%)	2.9%	$35.86	-0.9%	COM	902653104
RHP	RYMAN HOSPITALITY PPTYS INC	719,104 (+40.7%)	$68,042 (+48.6%)	6.1%	$96.06	—	COM	78377T107
EQIX	EQUINIX INC	105,044 (+29.9%)	$80,481 (+27.0%)	7.2%	$792.00	-1.4%	COM	29444U700
LINE	LINEAGE INC	1,515,244 (+37.1%)	$53,034 (+24.2%)	4.8%	$49.86	—	COM	53566V106
PRSU	PURSUIT ATTRACTIONS AND HOSP	1,079,979 (+37.1%)	$36,374 (+27.6%)	3.3%	$34.13	+2.3%	COM	92552R406
CTRE	CARETRUST REIT INC	1,658,698 (+7.0%)	$59,979 (+11.5%)	5.4%	$29.17	—	COM	14174T107
VNO	VORNADO RLTY TR	848,689 (+7.2%)	$28,244 (-12.0%)	2.5%	$40.04	—	SH BEN INT	929042109
WELL	WELLTOWER INC	145,803 (+9.1%)	$27,062 (+13.7%)	2.4%	$142.30	+31.0%	COM	95040Q104
NCLH	NORWEGIAN CRUISE LINE HLDG L	1,415,073 (+1.8%)	$31,584 (-7.8%)	2.8%	$24.24	-12.9%	SHS	G66721104
CDP	COPT DEFENSE PROPERTIES	1,042,348 (+6.7%)	$28,977 (+2.0%)	2.6%	$28.98	—	SHS BEN INT	22002T108
INVH	INVITATION HOMES INC	84,578 (+9.3%)	$2,350 (+3.5%)	0.2%	$29.98	-7.8%	COM	46187W107

Exited Positions (4)

H HYATT HOTELS CORP 5.6%

Value ($000) $62,422 Shares 439,810 Est. Cost $124.42 Unrealized +23.1%

TOL TOLL BROTHERS INC 2.5%

Value ($000) $28,403 Shares 205,612 Est. Cost $130.53 Unrealized +4.0%

PHM PULTE GROUP INC 1.8%

Value ($000) $19,507 Shares 147,637 Est. Cost $123.78 Unrealized -1.1%

CCL CARNIVAL CORP 1.0%

Value ($000) $11,540 Shares 399,186 Est. Cost $23.78 Unrealized +17.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
H	HYATT HOTELS CORP	439,810	$62,422	5.6%	$124.42	+23.1%	—	448579102
TOL	TOLL BROTHERS INC	205,612	$28,403	2.5%	$130.53	+4.0%	—	889478103
PHM	PULTE GROUP INC	147,637	$19,507	1.8%	$123.78	-1.1%	—	745867101
CCL	CARNIVAL CORP	399,186	$11,540	1.0%	$23.78	+17.2%	—	143658300

Decreased Positions (10)

MTN VAIL RESORTS INC 0.2%

Value ($000) $1,989 (-97.1%) Shares 14,977 (-96.7%) Est. Cost $148.56 Unrealized -0.9%

CCI CROWN CASTLE INC 5.5%

Value ($000) $61,588 (-50.7%) Shares 693,012 (-46.5%) Est. Cost $98.59 Unrealized -7.6%

HIW HIGHWOODS PPTYS INC 2.3%

Value ($000) $25,343 (-61.1%) Shares 981,523 (-52.0%) Est. Cost $30.74 Unrealized —

FRT FEDERAL RLTY INVT TR NEW 3.1%

Value ($000) $34,775 (-47.6%) Shares 344,990 (-47.3%) Est. Cost $92.08 Unrealized +5.7%

JLL JONES LANG LASALLE INC 0.1%

Value ($000) $1,321 (-92.9%) Shares 3,926 (-93.7%) Est. Cost $285.67 Unrealized +9.7%

CBRE CBRE GROUP INC 0.1%

Value ($000) $1,178 (-93.6%) Shares 7,329 (-93.7%) Est. Cost $154.70 Unrealized +1.6%

SKT TANGER INC 2.1%

Value ($000) $23,186 (-41.9%) Shares 694,827 (-41.1%) Est. Cost $28.45 Unrealized —

CURB CURBLINE PPTYS CORP 3.3%

Value ($000) $37,133 (-30.7%) Shares 1,599,883 (-33.4%) Est. Cost $23.31 Unrealized —

DLR DIGITAL RLTY TR INC 0.2%

Value ($000) $2,485 (-86.2%) Shares 16,064 (-84.6%) Est. Cost $158.03 Unrealized +3.2%

AHR AMERICAN HEALTHCARE REIT INC 4.9%

Value ($000) $54,793 (-11.9%) Shares 1,164,327 (-21.4%) Est. Cost $29.35 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MTN	VAIL RESORTS INC	14,977 (-96.7%)	$1,989 (-97.1%)	0.2%	$148.56	-0.9%	COM	91879Q109
CCI	CROWN CASTLE INC	693,012 (-46.5%)	$61,588 (-50.7%)	5.5%	$98.59	-7.6%	COM	22822V101
HIW	HIGHWOODS PPTYS INC	981,523 (-52.0%)	$25,343 (-61.1%)	2.3%	$30.74	—	COM	431284108
FRT	FEDERAL RLTY INVT TR NEW	344,990 (-47.3%)	$34,775 (-47.6%)	3.1%	$92.08	+5.7%	SH BEN INT NEW	313745101
JLL	JONES LANG LASALLE INC	3,926 (-93.7%)	$1,321 (-92.9%)	0.1%	$285.67	+9.7%	COM	48020Q107
CBRE	CBRE GROUP INC	7,329 (-93.7%)	$1,178 (-93.6%)	0.1%	$154.70	+1.6%	CL A	12504L109
SKT	TANGER INC	694,827 (-41.1%)	$23,186 (-41.9%)	2.1%	$28.45	—	COM	875465106
CURB	CURBLINE PPTYS CORP	1,599,883 (-33.4%)	$37,133 (-30.7%)	3.3%	$23.31	—	COM	23128Q101
DLR	DIGITAL RLTY TR INC	16,064 (-84.6%)	$2,485 (-86.2%)	0.2%	$158.03	+3.2%	COM	253868103
AHR	AMERICAN HEALTHCARE REIT INC	1,164,327 (-21.4%)	$54,793 (-11.9%)	4.9%	$29.35	—	COM SHS	398182303

Unchanged Positions (3)

VTR VENTAS INC 0.3%

Value ($000) $2,885 Shares 37,287 Est. Cost $63.65 Unrealized +17.8%

CUBE CUBESMART 0.2%

Value ($000) $2,024 Shares 56,153 Est. Cost $42.50 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 0.2%

Value ($000) $2,095 Shares 46,885 Est. Cost $50.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTR	VENTAS INC	37,287	$2,885	0.3%	$63.65	+17.8%	COM	92276F100
CUBE	CUBESMART	56,153	$2,024	0.2%	$42.50	—	COM	229663109
GLPI	GAMING & LEISURE PPTYS INC	46,885	$2,095	0.2%	$50.90	—	COM	36467J108