GRS Advisors, LLC

Q1 2014 13F-HR Holdings

Location
Chicago, IL
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
31
Total value ($000)
$1,448,276
Net value change ($000)
-278,215 (-16.1%)
New positions
4
Sold out positions
8
Turnover %
35.2%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
*COLONY FINL INC 33,320 NEW
MTN 24,179 NEW
COMMONWEALTH REIT 22,660 NEW
HPP 20,748 60.2%
LOW 20,359 47.7%
SPIRIT REALTY CAPITAL, INC. 13,408 183.9%
HD 13,046 33.3%
CPT 13,024 NEW
STARWOOD HOTELSRESORTS WRLD COM 8,475 14.7%
SPG 8,204 14.0%
Top Reduces (Value $000, Stocks/ETFs)
AMT -61,421 -100.0%
RYLAND GROUP INC -56,806 -100.0%
SBA COMMUNICATIONS CORP -51,613 -100.0%
ONIT -50,476 -100.0%
DHI -49,724 -100.0%
MAR -40,360 -70.5%
RCL -24,658 -100.0%
EXP -18,773 -27.7%
M -17,702 -100.0%
ORIENT-EXPRESS HOTELS LTD -16,278 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 250,192 (17.3% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type