GA

GRS Advisors Portfolio holdings

AUM $961M

AUM

$961M

AUM Growth

-$52.7M (-5%)

Cap. Flow

+$321M

Cap. Flow % of AUM

33.44%

Top 10 Holdings %Top 10 Hldgs %

57.41%

Holding

41

New

11

Increased

10

Reduced

11

Closed

9

Top Buys

1	Welltower WELL	$84.9M
2	Digital Realty Trust DLR	$58.7M
3	Outfront Media OUT	$57.2M
4	Carnival Corp CCL	$53.5M
5	Kimco Realty KIM	$43.7M

Top Sells

1	SBA Communications SBAC	$49.4M
2	Ventas VTR	$40.5M
3	Wyndham Hotels & Resorts WH	$33.1M
4	Public Storage PSA	$31.3M
5	Hilton Grand Vacations HGV	$21.7M

Sector Composition

1	Real Estate	91.69%
2	Consumer Discretionary	5.99%
3	Financials	2.31%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Essential Properties Realty Trust EPRT $6.42B	$2.43M	0.25%	74,533 +671	+0.9%	+$21.9K
27	27 Gaming and Leisure Properties GLPI $12.8B	$2.39M	0.25%	46,885	New	+$2.39M
28	28 Public Storage PSA $53.1B	$2.36M	0.25%	7,872 -104,435	-93%	-$31.3M
29	29 Meritage Homes MTH $4.6B	$1.86M	0.19%	26,236 -300,384	-92%	-$21.3M
30	30 Hilton Grand Vacations HGV $3.68B	$1.77M	0.18%	47,248 -579,545	-92%	-$21.7M
31	31 Brixmor Property Group BRX $7.83B	$1.46M	0.15%	54,988	New	+$1.46M
32	32 Wyndham Hotels & Resorts WH $6.42B	$457K	0.05%	5,046 -365,597	-99%	-$33.1M
33	33 AvalonBay Communities AVB $28.9B	$0	0%	0 -87,231	Closed	–
34	34 Americold COLD $4.9B	$0	0%	0 -731,924	Closed	–
35	35 Cousins Properties CUZ $4.93B	$0	0%	0 -2,080,891	Closed	–
36	36 Kilroy Realty KRC $4.13B	$0	0%	0 -598,370	Closed	–
37	37 Macerich MAC $4.08B	$0	0%	0 -1,159,504	Closed	–
38	38 Marriot International MAR $72.8B	$0	0%	0 -257,896	Closed	–
39	39 Realty Income O $50.6B	$0	0%	0 -1,232,324	Closed	–
40	40 Rexford Industrial Realty REXR $8.53B	$0	0%	0 -1,188,145	Closed	–
41	41 RLJ Lodging Trust RLJ $1.13B	$0	0%	0 -1,034,104	Closed	–