Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q3 2017 (← Previous) (Next →)

Filing Date: Nov 13, 2017

Total Value: $1.814B (100.0% shares, 0.0% debt)

Holdings (40)

SPG Simon Property Group, Inc. 9.5%

Value $172M Shares 1,066,411 Share Price $161.01 * Est. Cost/Share $91.72 Unrealized @ Report Date +11.0%

WELL Welltower Inc. 6.0%

Value $109M Shares 1,557,532 Share Price $70.28 * Est. Cost/Share $46.53 Unrealized @ Report Date +15.9%

EQR Equity Residential 5.9%

Value $106M Shares 1,609,639 Share Price $65.93 * Est. Cost/Share $34.81 Unrealized @ Report Date +41.1%

PLD ProLogis Inc. 5.4%

Value $98.19M Shares 1,547,282 Share Price $63.46 * Est. Cost/Share $28.93 Unrealized @ Report Date +68.5%

PSA Public Storage 4.5%

Value $82.14M Shares 383,831 Share Price $213.99 * Est. Cost/Share $121.37 Unrealized @ Report Date +20.8%

REG Regency Centers Corp. 4.4%

Value $80.49M Shares 1,297,418 Share Price $62.04 * Est. Cost/Share $49.89 Unrealized @ Report Date -7.9%

EQIX Equinix Inc. 4.2%

Value $76.57M Shares 171,561 Share Price $446.30 * Est. Cost/Share $264.62 Unrealized @ Report Date +44.2%

ARE Alexandria Real Estate Equit 4.1%

Value $73.58M Shares 618,464 Share Price $118.97 * Est. Cost/Share $72.44 Unrealized @ Report Date +22.3%

ESS Essex Property Trust, Inc. 4.0%

Value $72.81M Shares 286,643 Share Price $254.03 * Est. Cost/Share $131.85 Unrealized @ Report Date +49.0%

VNO Vornado Realty Trust 4.0%

Value $72.31M Shares 940,592 Share Price $76.88 Est. Cost/Share $97.30 Unrealized @ Report Date —

DLR Digital Realty Trust 3.8%

Value $68.69M Shares 580,505 Share Price $118.33 * Est. Cost/Share $86.28 Unrealized @ Report Date 0.0%

— Apartment Investment & Manag 3.7%

Value $67.73M Shares 1,544,270 Share Price $43.86 Est. Cost/Share $44.05 Unrealized @ Report Date —

KRC Kilroy Realty 3.5%

Value $63.41M Shares 891,530 Share Price $71.12 Est. Cost/Share $61.92 Unrealized @ Report Date —

— DCT Industrial Trust 3.4%

Value $61.06M Shares 1,054,230 Share Price $57.92 Est. Cost/Share $40.31 Unrealized @ Report Date —

MAR Marriott International-CL A 3.1%

Value $56.31M Shares 510,673 Share Price $110.26 * Est. Cost/Share $63.32 Unrealized @ Report Date +51.6%

EXR Extra Space Storage, Inc 2.7%

Value $49.04M Shares 613,599 Share Price $79.92 * Est. Cost/Share $37.68 Unrealized @ Report Date +51.0%

— Healthcare Trust of America 2.6%

Value $47.73M Shares 1,601,698 Share Price $29.80 Est. Cost/Share $29.12 Unrealized @ Report Date —

AMT American Tower Corp. 2.3%

Value $40.95M Shares 299,585 Share Price $136.68 * Est. Cost/Share $67.80 Unrealized @ Report Date +65.6%

HIW Highwoods Properties, Inc. 2.2%

Value $40.63M Shares 779,958 Share Price $52.09 Est. Cost/Share $50.19 Unrealized @ Report Date —

KIM Kimco Realty Corp. 2.2%

Value $39.45M Shares 2,018,156 Share Price $19.55 * Est. Cost/Share $17.62 Unrealized @ Report Date -27.0%

CDP Corporate Office Properties 2.0%

Value $35.46M Shares 1,080,056 Share Price $32.83 Est. Cost/Share $32.15 Unrealized @ Report Date —

SUI Sun Communities, Inc. 1.9%

Value $33.85M Shares 395,066 Share Price $85.68 Est. Cost/Share $75.92 Unrealized @ Report Date —

— Starwood Waypoint Homes 1.7%

Value $31.26M Shares 859,388 Share Price $36.37 Est. Cost/Share $36.37 Unrealized @ Report Date —

— General Growth Properties 1.6%

Value $28.42M Shares 1,368,493 Share Price $20.77 Est. Cost/Share $23.18 Unrealized @ Report Date —

VTR Ventas, Inc. 1.2%

Value $22.65M Shares 347,740 Share Price $65.13 * Est. Cost/Share $48.34 Unrealized @ Report Date -2.6%

— Retail Opportunity Investmen 1.2%

Value $22.47M Shares 1,181,965 Share Price $19.01 Est. Cost/Share $19.96 Unrealized @ Report Date —

HLT Hilton, Inc. 1.1%

Value $20.08M Shares 289,177 Share Price $69.45 * Est. Cost/Share $48.37 Unrealized @ Report Date +27.7%

BXP Boston Properties, Inc. 1.0%

Value $18.68M Shares 152,015 Share Price $122.88 * Est. Cost/Share $73.66 Unrealized @ Report Date +13.7%

HGV Hilton Grand Vacations 1.0%

Value $17.52M Shares 453,490 Share Price $38.63 * Est. Cost/Share $28.38 Unrealized @ Report Date +27.6%

SHO Sunstone Hotel Investors, In 0.9%

Value $16.4M Shares 1,020,403 Share Price $16.07 Est. Cost/Share $15.74 Unrealized @ Report Date —

TRNO Terreno Realty Corp 0.8%

Value $15.35M Shares 424,185 Share Price $36.18 Est. Cost/Share $28.00 Unrealized @ Report Date —

AAT American Assets Trust 0.8%

Value $15.12M Shares 380,267 Share Price $39.77 Est. Cost/Share $36.09 Unrealized @ Report Date —

BKD Brookdale Senior Living 0.8%

Value $14.56M Shares 1,373,210 Share Price $10.60 * Est. Cost/Share $14.02 Unrealized @ Report Date -9.7%

FCPT Four Corners Property Trust 0.7%

Value $12.65M Shares 507,686 Share Price $24.92 Est. Cost/Share $20.82 Unrealized @ Report Date —

NNN National Retail Properties, 0.6%

Value $11.7M Shares 280,858 Share Price $41.66 Est. Cost/Share $48.75 Unrealized @ Report Date —

— DDR Corp. 0.5%

Value $8.396M Shares 916,540 Share Price $9.16 Est. Cost/Share $14.70 Unrealized @ Report Date —

CHCT Community HealthCare Trust 0.4%

Value $6.74M Shares 250,000 Share Price $26.96 Est. Cost/Share $26.96 Unrealized @ Report Date —

— Interxion Holdings 0.1%

Value $2.446M Shares 48,035 Share Price $50.92 Est. Cost/Share $31.42 Unrealized @ Report Date —

— Duke Realty Corporation 0.0%

Value $893K Shares 30,995 Share Price $28.81 Est. Cost/Share $26.00 Unrealized @ Report Date —

VNQ Vanguard REIT VIPERs 0.0%

Value $799K Shares 9,615 Share Price $83.10 Est. Cost/Share $83.24 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPG	Simon Property Group, Inc.	1,066,411	$172M	9.5%	$161.01 *	$91.72	+11.0%	COM	828806109
WELL	Welltower Inc.	1,557,532	$109M	6.0%	$70.28 *	$46.53	+15.9%	COM	95040Q104
EQR	Equity Residential	1,609,639	$106M	5.9%	$65.93 *	$34.81	+41.1%	COM	29476L107
PLD	ProLogis Inc.	1,547,282	$98.19M	5.4%	$63.46 *	$28.93	+68.5%	COM	74340W103
PSA	Public Storage	383,831	$82.14M	4.5%	$213.99 *	$121.37	+20.8%	COM	74460D109
REG	Regency Centers Corp.	1,297,418	$80.49M	4.4%	$62.04 *	$49.89	-7.9%	COM	758849103
EQIX	Equinix Inc.	171,561	$76.57M	4.2%	$446.30 *	$264.62	+44.2%	COM	29444U700
ARE	Alexandria Real Estate Equit	618,464	$73.58M	4.1%	$118.97 *	$72.44	+22.3%	COM	015271109
ESS	Essex Property Trust, Inc.	286,643	$72.81M	4.0%	$254.03 *	$131.85	+49.0%	COM	297178105
VNO	Vornado Realty Trust	940,592	$72.31M	4.0%	$76.88	$97.30	—	COM	929042109
DLR	Digital Realty Trust	580,505	$68.69M	3.8%	$118.33 *	$86.28	0.0%	COM	253868103
—	Apartment Investment & Manag	1,544,270	$67.73M	3.7%	$43.86	$44.05	—	COM	03748R101
KRC	Kilroy Realty	891,530	$63.41M	3.5%	$71.12	$61.92	—	COM	49427F108
—	DCT Industrial Trust	1,054,230	$61.06M	3.4%	$57.92	$40.31	—	COM	233153204
MAR	Marriott International-CL A	510,673	$56.31M	3.1%	$110.26 *	$63.32	+51.6%	COM	571903202
EXR	Extra Space Storage, Inc	613,599	$49.04M	2.7%	$79.92 *	$37.68	+51.0%	COM	30225T102
—	Healthcare Trust of America	1,601,698	$47.73M	2.6%	$29.80	$29.12	—	COM	42225P501
AMT	American Tower Corp.	299,585	$40.95M	2.3%	$136.68 *	$67.80	+65.6%	COM	03027X100
HIW	Highwoods Properties, Inc.	779,958	$40.63M	2.2%	$52.09	$50.19	—	COM	431284108
KIM	Kimco Realty Corp.	2,018,156	$39.45M	2.2%	$19.55 *	$17.62	-27.0%	COM	49446R109
CDP	Corporate Office Properties	1,080,056	$35.46M	2.0%	$32.83	$32.15	—	COM	22002T108
SUI	Sun Communities, Inc.	395,066	$33.85M	1.9%	$85.68	$75.92	—	COM	866674104
—	Starwood Waypoint Homes	859,388	$31.26M	1.7%	$36.37	$36.37	—	COM	85572F105
—	General Growth Properties	1,368,493	$28.42M	1.6%	$20.77	$23.18	—	COM	36174X101
VTR	Ventas, Inc.	347,740	$22.65M	1.2%	$65.13 *	$48.34	-2.6%	COM	92276F100
—	Retail Opportunity Investmen	1,181,965	$22.47M	1.2%	$19.01	$19.96	—	COM	76131N101
HLT	Hilton, Inc.	289,177	$20.08M	1.1%	$69.45 *	$48.37	+27.7%	COM	43300A203
BXP	Boston Properties, Inc.	152,015	$18.68M	1.0%	$122.88 *	$73.66	+13.7%	COM	101121101
HGV	Hilton Grand Vacations	453,490	$17.52M	1.0%	$38.63 *	$28.38	+27.6%	COM	43283X105
SHO	Sunstone Hotel Investors, In	1,020,403	$16.4M	0.9%	$16.07	$15.74	—	COM	867892101
TRNO	Terreno Realty Corp	424,185	$15.35M	0.8%	$36.18	$28.00	—	COM	88146M101
AAT	American Assets Trust	380,267	$15.12M	0.8%	$39.77	$36.09	—	COM	024013104
BKD	Brookdale Senior Living	1,373,210	$14.56M	0.8%	$10.60 *	$14.02	-9.7%	COM	112463104
FCPT	Four Corners Property Trust	507,686	$12.65M	0.7%	$24.92	$20.82	—	COM	35086T109
NNN	National Retail Properties,	280,858	$11.7M	0.6%	$41.66	$48.75	—	COM	637417106
—	DDR Corp.	916,540	$8.396M	0.5%	$9.16	$14.70	—	COM	23317H102
CHCT	Community HealthCare Trust	250,000	$6.74M	0.4%	$26.96	$26.96	—	COM	20369C106
—	Interxion Holdings	48,035	$2.446M	0.1%	$50.92	$31.42	—	COM	N47279109
—	Duke Realty Corporation	30,995	$893K	0.0%	$28.81	$26.00	—	COM	264411505
VNQ	Vanguard REIT VIPERs	9,615	$799K	0.0%	$83.10	$83.24	—	COM	922908553