Gsi Capital Advisors Llc
- Regulatory AUM
- $182M
- Discretionary
- $182M
- Clients
- 3
- Avg AUM / client
- $60.8M
- Accounts
- 3
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Apr 13, 2026
Investments (13F portfolio — 29 positions, $184,183,821)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Equinix Inc | COM | $21,048,694 | 21,473 | 11.4% | 11.5% |
| 2 | Welltower Inc | COM | $19,598,795 | 99,129 | 10.6% | 10.7% |
| 3 | Prologis Inc. | COM | $17,393,831 | 131,592 | 9.44% | 9.54% |
| 4 | Digital Rlty Tr Inc | COM | $8,850,474 | 49,112 | 4.81% | 4.85% |
| 5 | Simon Ppty Group Inc New | COM | $8,092,790 | 43,386 | 4.39% | 4.44% |
| 6 | Public Storage Oper Co | COM | $6,618,953 | 24,435 | 3.59% | 3.63% |
| 7 | Sabra Health Care Reit Inc | COM | $6,498,663 | 337,944 | 3.53% | 3.56% |
| 8 | Essex Ppty Tr Inc | COM | $6,312,328 | 26,084 | 3.43% | 3.46% |
| 9 | Vici Pptys Inc | COM | $6,180,494 | 226,226 | 3.36% | 3.39% |
| 10 | Caretrust Reit Inc | COM | $6,023,794 | 164,360 | 3.27% | 3.3% |
| 11 | Realty Income Corp | COM | $5,576,435 | 91,148 | 3.03% | 3.06% |
| 12 | Host Hotels & Resorts Inc | COM | $5,223,303 | 272,615 | 2.84% | 2.86% |
| 13 | Avalonbay Cmntys Inc | COM | $5,222,626 | 31,972 | 2.84% | 2.86% |
| 14 | Inventrust Pptys Corp | COM NEW | $5,040,399 | 165,476 | 2.74% | 2.76% |
| 15 | Macerich Co | COM | $4,849,268 | 256,575 | 2.63% | 2.66% |
| 16 | Invitation Homes Inc | COM | $4,719,612 | 189,924 | 2.56% | 2.59% |
| 17 | Equity Lifestyle Properties | COM | $4,637,993 | 74,303 | 2.52% | 2.54% |
| 18 | Cubesmart | COM | $4,487,793 | 122,450 | 2.44% | 2.46% |
| 19 | Essential Pptys Rlty Tr Inc | COM | $4,467,383 | 147,147 | 2.43% | 2.45% |
| 20 | Gaming & Leisure P | COM | $4,109,771 | 92,625 | 2.23% | 2.25% |
| 21 | Curbline Pptys Corp | COM | $4,062,209 | 157,511 | 2.21% | 2.23% |
| 22 | American Tower Corp | COM | $3,997,471 | 23,163 | 2.17% | 2.19% |
| 23 | Terreno Rlty Corp | COM | $3,734,889 | 60,809 | 2.03% | 2.05% |
| 24 | Broadstone Net Lease Inc | COM | $3,663,373 | 200,513 | 1.99% | 2.01% |
| 25 | Camden Ppty Tr | SH BEN INT | $3,445,542 | 35,281 | 1.87% | 1.89% |
Top 25 of 29 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $45.0M | 24.7% |
| Pension and profit sharing plans | 1 | $38.7M | 21.2% |
| Charitable organizations | 1 | $98.7M | 54.1% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $12.6M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Gsref, L.P. | Other Private Fund | Delaware | $12.6M | 12 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Wells Fargo & Company Cash Balance Plan Wells Fargo & Company | 2024 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Pence, Julia, Spiker | Portfolio Manager | Oct 2011 (15y) | Less than 5% | |
| Tannura, Nicholas, Donald | Chief Investment Officer | Mar 2017 (9y) | Less than 5% | |
| Leupold, Craig, Arthur | Chief Executive Officer/Chief Compliance Officer | Oct 2020 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Tazzara Llc | Managing Member | Oct 2020 | A | 75% or more |
| The Craig A. Leupold Trust | Owner | Oct 2020 | B | ≈ 37.5% – 75% via Tazzara Llc |
| Nicholas D. Tannura 2006 Declaration Of Trust | Owner | Oct 2020 | B | ≈ 37.5% – 75% via Tazzara Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- The Craig A. Leupold Trust: 50% – 75% of Tazzara Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Nicholas D. Tannura 2006 Declaration Of Trust: 50% – 75% of Tazzara Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $12.6M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Gsref, L.P. | Other Private Fund | $12.6M | $1.0M | 12 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Wells Fargo & Company Cash Balance Plan | Wells Fargo & Company | 40,642 | $8.3B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/13/2026 | 952 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $98.7M (54% of AUM) Apr 2026
- Wells Fargo $88.9M (38% of AUM) Mar 2022
- Principal Trust Company $38.7M (21% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 13, 2026.
View current Form ADV (SEC/IAPD) ↗