Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q4 2014 (← Previous) (Next →)

Filing Date: Feb 13, 2015

Total Value: $2.173B (100.0% shares, 0.0% debt)

Holdings (38)

SPG Simon Property Group, Inc. 9.8%

Value $213M Shares 1,168,458 Share Price $182.11 * Est. Cost/Share $88.92 Unrealized @ Report Date +15.7%

EQR Equity Residential 7.0%

Value $152M Shares 2,120,730 Share Price $71.84 * Est. Cost/Share $31.69 Unrealized @ Report Date +25.9%

— Health Care REIT Com 5.8%

Value $127M Shares 1,679,503 Share Price $75.67 Est. Cost/Share $62.37 Unrealized @ Report Date —

BXP Boston Properties, Inc. 4.5%

Value $98.44M Shares 764,974 Share Price $128.69 * Est. Cost/Share $65.51 Unrealized @ Report Date +20.9%

PSA Public Storage 4.5%

Value $98.14M Shares 530,929 Share Price $184.85 * Est. Cost/Share $98.57 Unrealized @ Report Date +19.0%

ESS Essex Property Trust, Inc. 4.4%

Value $95.17M Shares 460,658 Share Price $206.60 * Est. Cost/Share $108.98 Unrealized @ Report Date +27.0%

PLD ProLogis Inc. 4.2%

Value $90.82M Shares 2,110,579 Share Price $43.03 * Est. Cost/Share $27.88 Unrealized @ Report Date +5.7%

AVB AvalonBay Communities, Inc. 4.1%

Value $89.97M Shares 550,653 Share Price $163.39 * Est. Cost/Share $91.97 Unrealized @ Report Date +17.7%

— General Growth Properties 3.6%

Value $78.68M Shares 2,796,984 Share Price $28.13 Est. Cost/Share $20.02 Unrealized @ Report Date —

— HCP Inc. 3.3%

Value $71.1M Shares 1,614,782 Share Price $44.03 Est. Cost/Share $44.69 Unrealized @ Report Date —

— Taubman Centers, Inc. 3.0%

Value $65.43M Shares 856,231 Share Price $76.42 Est. Cost/Share $74.31 Unrealized @ Report Date —

DEI Douglas Emmett Inc. 2.9%

Value $62.5M Shares 2,200,767 Share Price $28.40 Est. Cost/Share $28.35 Unrealized @ Report Date —

— Duke Realty Corporation 2.9%

Value $61.99M Shares 3,068,743 Share Price $20.20 Est. Cost/Share $17.62 Unrealized @ Report Date —

MAR Marriott International-CL A 2.8%

Value $61.6M Shares 789,449 Share Price $78.03 * Est. Cost/Share $39.59 Unrealized @ Report Date +67.2%

— Strategic Hotels & Resorts 2.7%

Value $57.97M Shares 4,381,417 Share Price $13.23 Est. Cost/Share $12.96 Unrealized @ Report Date —

ARE Alexandria Real Estate Equit 2.5%

Value $54.95M Shares 619,205 Share Price $88.74 * Est. Cost/Share $48.67 Unrealized @ Report Date +16.0%

— Federal Realty Investment Tr 2.5%

Value $54.23M Shares 406,380 Share Price $133.46 Est. Cost/Share $129.38 Unrealized @ Report Date —

AMT American Tower Corp. 2.5%

Value $53.54M Shares 541,615 Share Price $98.85 * Est. Cost/Share $60.74 Unrealized @ Report Date +23.8%

— Retail Opportunity Investmen 2.3%

Value $50.62M Shares 3,014,891 Share Price $16.79 Est. Cost/Share $14.23 Unrealized @ Report Date —

— Starwood Hotels & Resorts Wo 2.2%

Value $48.16M Shares 594,097 Share Price $81.07 Est. Cost/Share $81.31 Unrealized @ Report Date —

— Paramount Group Inc 2.1%

Value $45.6M Shares 2,453,154 Share Price $18.59 Est. Cost/Share $18.59 Unrealized @ Report Date —

EXR Extra Space Storage, Inc 1.9%

Value $41.71M Shares 711,368 Share Price $58.64 * Est. Cost/Share $26.60 Unrealized @ Report Date +42.9%

KRC Kilroy Realty 1.8%

Value $39.29M Shares 568,782 Share Price $69.07 Est. Cost/Share $52.45 Unrealized @ Report Date —

— CoreSite Realty Corp. 1.8%

Value $38.78M Shares 993,051 Share Price $39.05 Est. Cost/Share $32.11 Unrealized @ Report Date —

BRX Brixmor Property Group 1.8%

Value $38.35M Shares 1,544,010 Share Price $24.84 Est. Cost/Share $20.77 Unrealized @ Report Date —

— Cousins Properties, Inc. 1.7%

Value $38.03M Shares 3,329,915 Share Price $11.42 Est. Cost/Share $10.58 Unrealized @ Report Date —

AAT American Assets Trust 1.6%

Value $35.48M Shares 891,298 Share Price $39.81 Est. Cost/Share $33.02 Unrealized @ Report Date —

— Store Capital Corp. 1.5%

Value $33.5M Shares 1,550,131 Share Price $21.61 Est. Cost/Share $21.61 Unrealized @ Report Date —

— Healthcare Trust of America 1.4%

Value $30.63M Shares 1,137,115 Share Price $26.94 Est. Cost/Share $26.94 Unrealized @ Report Date —

BKD Brookdale Senior Living 1.3%

Value $28.61M Shares 780,310 Share Price $36.67 * Est. Cost/Share $33.30 Unrealized @ Report Date +1.8%

— Chesapeake Lodging Trust 1.2%

Value $25.04M Shares 672,965 Share Price $37.21 Est. Cost/Share $22.29 Unrealized @ Report Date —

ELS Equity Lifestyle Properties 1.1%

Value $23.11M Shares 448,244 Share Price $51.55 Est. Cost/Share $35.52 Unrealized @ Report Date —

TRNO Terreno Realty Corp 1.0%

Value $22.79M Shares 1,104,777 Share Price $20.63 Est. Cost/Share $18.26 Unrealized @ Report Date —

CPT Camden Property Trust 1.0%

Value $22.36M Shares 302,800 Share Price $73.84 * Est. Cost/Share $47.14 Unrealized @ Report Date +1.8%

— LaSalle Hotel Properties 0.9%

Value $20.05M Shares 495,400 Share Price $40.47 Est. Cost/Share $40.47 Unrealized @ Report Date —

AKR Acadia Realty Trust 0.1%

Value $2.445M Shares 76,350 Share Price $32.02 Est. Cost/Share $28.37 Unrealized @ Report Date —

— Apartment Investment & Manag 0.1%

Value $1.771M Shares 47,667 Share Price $37.15 Est. Cost/Share $30.43 Unrealized @ Report Date —

WPC W P Carey Inc 0.0%

Value $56,000 Shares 801 Share Price $69.91 Est. Cost/Share $69.91 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPG	Simon Property Group, Inc.	1,168,458	$213M	9.8%	$182.11 *	$88.92	+15.7%	COM	828806109
EQR	Equity Residential	2,120,730	$152M	7.0%	$71.84 *	$31.69	+25.9%	COM	29476L107
—	Health Care REIT Com	1,679,503	$127M	5.8%	$75.67	$62.37	—	COM	42217K106
BXP	Boston Properties, Inc.	764,974	$98.44M	4.5%	$128.69 *	$65.51	+20.9%	COM	101121101
PSA	Public Storage	530,929	$98.14M	4.5%	$184.85 *	$98.57	+19.0%	COM	74460D109
ESS	Essex Property Trust, Inc.	460,658	$95.17M	4.4%	$206.60 *	$108.98	+27.0%	COM	297178105
PLD	ProLogis Inc.	2,110,579	$90.82M	4.2%	$43.03 *	$27.88	+5.7%	COM	74340W103
AVB	AvalonBay Communities, Inc.	550,653	$89.97M	4.1%	$163.39 *	$91.97	+17.7%	COM	053484101
—	General Growth Properties	2,796,984	$78.68M	3.6%	$28.13	$20.02	—	COM	370023103
—	HCP Inc.	1,614,782	$71.1M	3.3%	$44.03	$44.69	—	COM	40414L109
—	Taubman Centers, Inc.	856,231	$65.43M	3.0%	$76.42	$74.31	—	COM	876664103
DEI	Douglas Emmett Inc.	2,200,767	$62.5M	2.9%	$28.40	$28.35	—	COM	25960P109
—	Duke Realty Corporation	3,068,743	$61.99M	2.9%	$20.20	$17.62	—	COM	264411505
MAR	Marriott International-CL A	789,449	$61.6M	2.8%	$78.03 *	$39.59	+67.2%	COM	571903202
—	Strategic Hotels & Resorts	4,381,417	$57.97M	2.7%	$13.23	$12.96	—	COM	86272T106
ARE	Alexandria Real Estate Equit	619,205	$54.95M	2.5%	$88.74 *	$48.67	+16.0%	COM	015271109
—	Federal Realty Investment Tr	406,380	$54.23M	2.5%	$133.46	$129.38	—	COM	313747206
AMT	American Tower Corp.	541,615	$53.54M	2.5%	$98.85 *	$60.74	+23.8%	COM	03027X100
—	Retail Opportunity Investmen	3,014,891	$50.62M	2.3%	$16.79	$14.23	—	COM	76131N101
—	Starwood Hotels & Resorts Wo	594,097	$48.16M	2.2%	$81.07	$81.31	—	COM	85590A401
—	Paramount Group Inc	2,453,154	$45.6M	2.1%	$18.59	$18.59	—	COM	69924R108
EXR	Extra Space Storage, Inc	711,368	$41.71M	1.9%	$58.64 *	$26.60	+42.9%	COM	30225T102
KRC	Kilroy Realty	568,782	$39.29M	1.8%	$69.07	$52.45	—	COM	49427F108
—	CoreSite Realty Corp.	993,051	$38.78M	1.8%	$39.05	$32.11	—	COM	21870Q105
BRX	Brixmor Property Group	1,544,010	$38.35M	1.8%	$24.84	$20.77	—	COM	11120U105
—	Cousins Properties, Inc.	3,329,915	$38.03M	1.7%	$11.42	$10.58	—	COM	222795106
AAT	American Assets Trust	891,298	$35.48M	1.6%	$39.81	$33.02	—	COM	024013104
—	Store Capital Corp.	1,550,131	$33.5M	1.5%	$21.61	$21.61	—	COM	862121100
—	Healthcare Trust of America	1,137,115	$30.63M	1.4%	$26.94	$26.94	—	COM	42225P501
BKD	Brookdale Senior Living	780,310	$28.61M	1.3%	$36.67 *	$33.30	+1.8%	COM	112463104
—	Chesapeake Lodging Trust	672,965	$25.04M	1.2%	$37.21	$22.29	—	COM	165240102
ELS	Equity Lifestyle Properties	448,244	$23.11M	1.1%	$51.55	$35.52	—	COM	29472R108
TRNO	Terreno Realty Corp	1,104,777	$22.79M	1.0%	$20.63	$18.26	—	COM	88146M101
CPT	Camden Property Trust	302,800	$22.36M	1.0%	$73.84 *	$47.14	+1.8%	COM	133131102
—	LaSalle Hotel Properties	495,400	$20.05M	0.9%	$40.47	$40.47	—	COM	517942108
AKR	Acadia Realty Trust	76,350	$2.445M	0.1%	$32.02	$28.37	—	COM	004239109
—	Apartment Investment & Manag	47,667	$1.771M	0.1%	$37.15	$30.43	—	COM	03748R101
WPC	W P Carey Inc	801	$56,000	0.0%	$69.91	$69.91	—	COM	92936U109