Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Feb 14, 2020

Total Value: $2.02B (100.0% shares, 0.0% debt)

Holdings (38)

PLD ProLogis Inc. 8.0%

Value $162M Shares 1,822,185 Share Price $89.14 * Est. Cost/Share $37.83 Unrealized @ Report Date +97.4%

SPG Simon Property Group, Inc. 6.9%

Value $139M Shares 930,708 Share Price $148.96 * Est. Cost/Share $97.22 Unrealized @ Report Date +9.5%

EQIX Equinix Inc. 6.8%

Value $138M Shares 236,180 Share Price $583.70 * Est. Cost/Share $308.43 Unrealized @ Report Date +62.6%

EQR Equity Residential 6.2%

Value $125M Shares 1,539,889 Share Price $80.92 * Est. Cost/Share $38.64 Unrealized @ Report Date +73.5%

ARE Alexandria Real Estate Equit 5.0%

Value $101M Shares 626,117 Share Price $161.58 * Est. Cost/Share $77.76 Unrealized @ Report Date +59.6%

DOC Healthpeak Properties 4.9%

Value $99.14M Shares 2,876,266 Share Price $34.47 * Est. Cost/Share $25.47 Unrealized @ Report Date 0.0%

BXP Boston Properties, Inc. 4.9%

Value $98.14M Shares 711,877 Share Price $137.86 * Est. Cost/Share $88.54 Unrealized @ Report Date +12.1%

CPT Camden Property Trust 4.1%

Value $83.25M Shares 784,671 Share Price $106.10 * Est. Cost/Share $74.04 Unrealized @ Report Date +21.1%

EXR Extra Space Storage, Inc 3.9%

Value $79.33M Shares 751,111 Share Price $105.62 * Est. Cost/Share $53.82 Unrealized @ Report Date +60.3%

ESS Essex Property Trust, Inc. 3.3%

Value $66.23M Shares 220,127 Share Price $300.86 * Est. Cost/Share $147.86 Unrealized @ Report Date +71.5%

KRC Kilroy Realty 3.1%

Value $63.52M Shares 757,110 Share Price $83.90 Est. Cost/Share $62.39 Unrealized @ Report Date —

SUI Sun Communities, Inc. 2.9%

Value $59.49M Shares 396,350 Share Price $150.10 Est. Cost/Share $86.22 Unrealized @ Report Date —

KIM Kimco Realty Corp. 2.6%

Value $53.53M Shares 2,584,648 Share Price $20.71 * Est. Cost/Share $14.48 Unrealized @ Report Date +10.0%

— Duke Realty Corporation 2.6%

Value $52.06M Shares 1,501,557 Share Price $34.67 Est. Cost/Share $29.29 Unrealized @ Report Date —

AVB AvalonBay Communities, Inc. 2.6%

Value $51.97M Shares 247,817 Share Price $209.70 * Est. Cost/Share $169.25 Unrealized @ Report Date +1.9%

VTR Ventas, Inc. 2.5%

Value $50.56M Shares 875,598 Share Price $57.74 * Est. Cost/Share $41.35 Unrealized @ Report Date +18.9%

INVH Invitation Homes Inc 2.4%

Value $48.57M Shares 1,620,604 Share Price $29.97 * Est. Cost/Share $21.99 Unrealized @ Report Date +14.2%

— Healthcare Trust of America 2.4%

Value $47.97M Shares 1,584,100 Share Price $30.28 Est. Cost/Share $28.85 Unrealized @ Report Date —

AMT American Tower Corp. 2.3%

Value $45.98M Shares 200,053 Share Price $229.82 * Est. Cost/Share $77.82 Unrealized @ Report Date +136.2%

— Retail Opportunity Investmen 2.1%

Value $42.56M Shares 2,409,926 Share Price $17.66 Est. Cost/Share $17.66 Unrealized @ Report Date —

PEB Pebblebrook Hotel Trust 2.1%

Value $42.37M Shares 1,580,377 Share Price $26.81 Est. Cost/Share $31.11 Unrealized @ Report Date —

CUBE Cubesmart 2.0%

Value $40.71M Shares 1,293,271 Share Price $31.48 Est. Cost/Share $28.64 Unrealized @ Report Date —

COLD Americold Realty Trust 1.9%

Value $37.45M Shares 1,068,156 Share Price $35.06 Est. Cost/Share $27.08 Unrealized @ Report Date —

JBGS JBG Smith Properties 1.8%

Value $35.97M Shares 901,650 Share Price $39.89 Est. Cost/Share $38.00 Unrealized @ Report Date —

— Interxion Holdings 1.5%

Value $29.65M Shares 353,743 Share Price $83.81 Est. Cost/Share $75.51 Unrealized @ Report Date —

— Hudson Pacific Properties 1.4%

Value $27.77M Shares 737,470 Share Price $37.65 Est. Cost/Share $37.20 Unrealized @ Report Date —

HLT Hilton, Inc. 1.3%

Value $25.6M Shares 230,790 Share Price $110.91 * Est. Cost/Share $93.39 Unrealized @ Report Date +5.9%

— CyrusOne 1.2%

Value $24.78M Shares 378,696 Share Price $65.43 Est. Cost/Share $75.91 Unrealized @ Report Date —

TRNO Terreno Realty Corp 1.2%

Value $24.03M Shares 443,858 Share Price $54.14 Est. Cost/Share $30.90 Unrealized @ Report Date —

AMH American Homes 4 Rent 1.2%

Value $23.81M Shares 908,414 Share Price $26.21 Est. Cost/Share $26.21 Unrealized @ Report Date —

HIW Highwoods Properties, Inc. 1.1%

Value $21.36M Shares 436,685 Share Price $48.91 Est. Cost/Share $49.45 Unrealized @ Report Date —

REG Regency Centers Corp. 1.0%

Value $19.92M Shares 315,784 Share Price $63.09 * Est. Cost/Share $49.94 Unrealized @ Report Date +1.7%

— MGM Growth Properties 0.8%

Value $16.77M Shares 541,462 Share Price $30.97 Est. Cost/Share $30.07 Unrealized @ Report Date —

RHP Ryman Hospitality Properties 0.8%

Value $15.63M Shares 180,315 Share Price $86.66 Est. Cost/Share $86.66 Unrealized @ Report Date —

ALEX Alexander & Baldwin Inc 0.8%

Value $15.5M Shares 739,659 Share Price $20.96 Est. Cost/Share $21.45 Unrealized @ Report Date —

DRH DiamondRock Hospitality 0.5%

Value $9.57M Shares 863,672 Share Price $11.08 Est. Cost/Share $11.13 Unrealized @ Report Date —

— CoreSite Realty Corp. 0.1%

Value $1.789M Shares 15,957 Share Price $112.11 Est. Cost/Share $94.52 Unrealized @ Report Date —

VNQ Vanguard REIT VIPERs 0.0%

Value $773K Shares 8,326 Share Price $92.84 Est. Cost/Share $89.26 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PLD	ProLogis Inc.	1,822,185	$162M	8.0%	$89.14 *	$37.83	+97.4%	COM	74340W103
SPG	Simon Property Group, Inc.	930,708	$139M	6.9%	$148.96 *	$97.22	+9.5%	COM	828806109
EQIX	Equinix Inc.	236,180	$138M	6.8%	$583.70 *	$308.43	+62.6%	COM	29444U700
EQR	Equity Residential	1,539,889	$125M	6.2%	$80.92 *	$38.64	+73.5%	COM	29476L107
ARE	Alexandria Real Estate Equit	626,117	$101M	5.0%	$161.58 *	$77.76	+59.6%	COM	015271109
DOC	Healthpeak Properties	2,876,266	$99.14M	4.9%	$34.47 *	$25.47	0.0%	COM	42250P103
BXP	Boston Properties, Inc.	711,877	$98.14M	4.9%	$137.86 *	$88.54	+12.1%	COM	101121101
CPT	Camden Property Trust	784,671	$83.25M	4.1%	$106.10 *	$74.04	+21.1%	COM	133131102
EXR	Extra Space Storage, Inc	751,111	$79.33M	3.9%	$105.62 *	$53.82	+60.3%	COM	30225T102
ESS	Essex Property Trust, Inc.	220,127	$66.23M	3.3%	$300.86 *	$147.86	+71.5%	COM	297178105
KRC	Kilroy Realty	757,110	$63.52M	3.1%	$83.90	$62.39	—	COM	49427F108
SUI	Sun Communities, Inc.	396,350	$59.49M	2.9%	$150.10	$86.22	—	COM	866674104
KIM	Kimco Realty Corp.	2,584,648	$53.53M	2.6%	$20.71 *	$14.48	+10.0%	COM	49446R109
—	Duke Realty Corporation	1,501,557	$52.06M	2.6%	$34.67	$29.29	—	COM	264411505
AVB	AvalonBay Communities, Inc.	247,817	$51.97M	2.6%	$209.70 *	$169.25	+1.9%	COM	053484101
VTR	Ventas, Inc.	875,598	$50.56M	2.5%	$57.74 *	$41.35	+18.9%	COM	92276F100
INVH	Invitation Homes Inc	1,620,604	$48.57M	2.4%	$29.97 *	$21.99	+14.2%	COM	46187W107
—	Healthcare Trust of America	1,584,100	$47.97M	2.4%	$30.28	$28.85	—	COM	42225P501
AMT	American Tower Corp.	200,053	$45.98M	2.3%	$229.82 *	$77.82	+136.2%	COM	03027X100
—	Retail Opportunity Investmen	2,409,926	$42.56M	2.1%	$17.66	$17.66	—	COM	76131N101
PEB	Pebblebrook Hotel Trust	1,580,377	$42.37M	2.1%	$26.81	$31.11	—	COM	70509V100
CUBE	Cubesmart	1,293,271	$40.71M	2.0%	$31.48	$28.64	—	COM	229663109
COLD	Americold Realty Trust	1,068,156	$37.45M	1.9%	$35.06	$27.08	—	COM	03064D108
JBGS	JBG Smith Properties	901,650	$35.97M	1.8%	$39.89	$38.00	—	COM	46590V100
—	Interxion Holdings	353,743	$29.65M	1.5%	$83.81	$75.51	—	COM	N47279109
—	Hudson Pacific Properties	737,470	$27.77M	1.4%	$37.65	$37.20	—	COM	444097109
HLT	Hilton, Inc.	230,790	$25.6M	1.3%	$110.91 *	$93.39	+5.9%	COM	43300A203
—	CyrusOne	378,696	$24.78M	1.2%	$65.43	$75.91	—	COM	23283R100
TRNO	Terreno Realty Corp	443,858	$24.03M	1.2%	$54.14	$30.90	—	COM	88146M101
AMH	American Homes 4 Rent	908,414	$23.81M	1.2%	$26.21	$26.21	—	COM	02665T306
HIW	Highwoods Properties, Inc.	436,685	$21.36M	1.1%	$48.91	$49.45	—	COM	431284108
REG	Regency Centers Corp.	315,784	$19.92M	1.0%	$63.09 *	$49.94	+1.7%	COM	758849103
—	MGM Growth Properties	541,462	$16.77M	0.8%	$30.97	$30.07	—	COM	55303A105
RHP	Ryman Hospitality Properties	180,315	$15.63M	0.8%	$86.66	$86.66	—	COM	78377T107
ALEX	Alexander & Baldwin Inc	739,659	$15.5M	0.8%	$20.96	$21.45	—	COM	014491104
DRH	DiamondRock Hospitality	863,672	$9.57M	0.5%	$11.08	$11.13	—	COM	252784301
—	CoreSite Realty Corp.	15,957	$1.789M	0.1%	$112.11	$94.52	—	COM	21870Q105
VNQ	Vanguard REIT VIPERs	8,326	$773K	0.0%	$92.84	$89.26	—	COM	922908553