Latest GEM Realty Capital Stock Portfolio

GEM Realty Capital Performance:

2025 Q4: -0.77%YTD: 2.06%2024: -2.41%

Performance for 2025 Q4 is -0.77%, and YTD is 2.06%, and 2024 is -2.41%.

About GEM Realty Capital and 13F Hedge Fund Stock Holdings

GRS Advisors, LLC is a hedge fund based in Chicago, IL. On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, GRS Advisors, LLC reported an equity portfolio of $1.1 Billions as of 31 Dec, 2025.

The top stock holdings of GRS Advisors, LLC are EQIX, OUT, WH. The fund has invested 7.2% of it's portfolio in EQUINIX INC and 7.1% of portfolio in OUTFRONT MEDIA INC.

The fund managers got completely rid off HYATT HOTELS CORP (H), TOLL BROTHERS INC (TOL) and PULTE GROUP INC (PHM) stocks. They significantly reduced their stock positions in VAIL RESORTS INC (MTN), JONES LANG LASALLE INC (JLL) and CBRE GROUP INC (CBRE). GRS Advisors, LLC opened new stock positions in REGENCY CTRS CORP (REG), DIGITALBRIDGE GROUP INC (DBRG) and CAMDEN PPTY TR (CPT). The fund showed a lot of confidence in some stocks as they added substantially to WYNDHAM HOTELS & RESORTS INC (WH), SBA COMMUNICATIONS CORP NEW (SBAC) and UDR INC (UDR).

GEM Realty Capital Annual Return Estimates Vs S&P 500

Our best estimate is that GRS Advisors, LLC made a return of -0.77% in the last quarter. In trailing 12 months, it's portfolio return was 2.06%.

Performance
S&P 500

New Buys

Ticker	$ Bought
regency ctrs corp	47,918,500
digitalbridge group inc	39,452,500
camden ppty tr	38,043,500
meritage homes corp	33,870,100
macerich co	33,186,100
rocket cos inc	23,602,300

New stocks bought by GEM Realty Capital

Additions

Ticker	% Inc.
wyndham hotels & resorts inc	17,857
sba communications corp new	2,338
udr inc	1,657
ryman hospitality pptys inc	40.7
lineage inc	37.08
pursuit attractions and hosp	37.07
outfront media inc	33.16
equinix inc	29.85

Additions to existing portfolio by GEM Realty Capital

Reductions

Ticker	% Reduced
vail resorts inc	-96.69
cbre group inc	-93.72
jones lang lasalle inc	-93.72
digital rlty tr inc	-84.61
highwoods pptys inc	-52.05
federal rlty invt tr new	-47.34
crown castle inc	-46.48
tanger inc	-41.06

GEM Realty Capital reduced stake in above stock

Sold off

Ticker	$ Sold
hyatt hotels corp	-62,422,200
carnival corp	-11,540,500
toll brothers inc	-28,403,200
pulte group inc	-19,507,300

GEM Realty Capital got rid off the above stocks

Sector Distribution

GRS Advisors, LLC has about 66.8% of it's holdings in Real Estate sector.

Sector	%
Real Estate	66.8
Others	15.6
Consumer Cyclical	12.2
Industrials	3.3
Financial Services	2.1

Market Cap. Distribution

GRS Advisors, LLC has about 33.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	47.5
LARGE-CAP	33.6
UNALLOCATED	15.6
SMALL-CAP	3.3

Stocks belong to which Index?

About 73.3% of the stocks held by GRS Advisors, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	37.2
RUSSELL 2000	36.1
Others	26.7

Top 5 Winners (%)		%
OUT	outfront media inc	26.6 %
	american healthcare reit inc	10.7 %
VTR	ventas inc	10.6 %
JLL	jones lang lasalle inc	6.8 %
RHP	ryman hospitality pptys inc	4.8 %

Top 5 Winners ($)		$
OUT	outfront media inc	16.6 M
	american healthcare reit inc	6.7 M
RHP	ryman hospitality pptys inc	3.1 M
CTRE	caretrust reit inc	2.4 M
	curbline pptys corp	1.8 M

Top 5 Losers (%)		%
VNO	vornado rlty tr	-17.4 %
HIW	highwoods pptys inc	-13.9 %
CUBE	cubesmart	-11.3 %
NCLH	norwegian cruise line hldg l	-9.3 %
	lineage inc	-8.3 %

Top 5 Losers ($)		$
HIW	highwoods pptys inc	-9.1 M
CCI	crown castle inc	-7.6 M
VNO	vornado rlty tr	-5.9 M
	lineage inc	-4.8 M
MTN	vail resorts inc	-3.9 M

GEM Realty Capital Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of GEM Realty Capital

GRS Advisors, LLC has 33 stocks in it's portfolio. About 56% of the portfolio is in top 10 stocks. HIW proved to be the most loss making stock for the portfolio. OUT was the most profitable stock for GRS Advisors, LLC last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
CBRE	cbre group inc	0.11	7,329	1,178,430	reduced	-93.72

CCI	crown castle inc	5.53	693,012	61,588,000	reduced	-46.48

CCL	carnival corp	0.00	0.00	0.00	sold off	-100

CDP	copt defense properties	2.60	1,042,350	28,977,300	added	6.66

CPT	camden ppty tr	3.41	345,599	38,043,500	new

CTRE	caretrust reit inc	5.38	1,658,700	59,978,500	added	6.97

CUBE	cubesmart	0.18	56,153	2,024,320	unchanged	0.00

DBRG	digitalbridge group inc	3.54	2,571,870	39,452,500	new

DLR	digital rlty tr inc	0.22	16,064	2,485,260	reduced	-84.61

EQIX	equinix inc	7.22	105,044	80,480,500	added	29.85

FRT	federal rlty invt tr new	3.12	344,990	34,775,000	reduced	-47.34

GLPI	gaming & leisure pptys inc	0.19	46,885	2,095,290	unchanged	0.00

H	hyatt hotels corp	0.00	0.00	0.00	sold off	-100

HIW	highwoods pptys inc	2.27	981,523	25,342,900	reduced	-52.05

INVH	invitation homes inc	0.21	84,578	2,350,420	added	9.26

JLL	jones lang lasalle inc	0.12	3,926	1,320,980	reduced	-93.72

MAC	macerich co	2.98	1,797,730	33,186,100	new

MTH	meritage homes corp	3.04	514,743	33,870,100	new

MTN	vail resorts inc	0.18	14,977	1,988,950	reduced	-96.69

NCLH	norwegian cruise line hldg l	2.83	1,415,070	31,584,400	added	1.78