Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value: $1.574B (100.0% shares, 0.0% debt)

Holdings (37)

EQIX Equinix Inc. 11.0%

Value $173M Shares 276,839 Share Price $624.57 * Est. Cost/Share $341.87 Unrealized @ Report Date +56.8%

PLD ProLogis Inc. 10.2%

Value $160M Shares 1,993,967 Share Price $80.37 * Est. Cost/Share $40.96 Unrealized @ Report Date +80.9%

EQR Equity Residential 6.3%

Value $99.26M Shares 1,608,518 Share Price $61.71 Est. Cost/Share $39.61 Unrealized @ Report Date +54.9%

ARE Alexandria Real Estate Equit 5.6%

Value $87.73M Shares 640,052 Share Price $137.06 * Est. Cost/Share $78.77 Unrealized @ Report Date +57.5%

EXR Extra Space Storage, Inc. 4.7%

Value $73.58M Shares 768,377 Share Price $95.76 * Est. Cost/Share $54.48 Unrealized @ Report Date +52.6%

DOC Healthpeak Properties 4.2%

Value $65.33M Shares 2,739,274 Share Price $23.85 Est. Cost/Share $25.47 Unrealized @ Report Date -6.1%

BXP Boston Properties, Inc. 4.1%

Value $64.28M Shares 696,952 Share Price $92.23 * Est. Cost/Share $88.54 Unrealized @ Report Date +8.0%

CPT Camden Property Trust 3.8%

Value $60.57M Shares 764,423 Share Price $79.24 * Est. Cost/Share $74.04 Unrealized @ Report Date +14.5%

KRC Kilroy Realty 3.7%

Value $58.47M Shares 917,873 Share Price $63.70 Est. Cost/Share $62.62 Unrealized @ Report Date —

AMT American Tower Corp. 3.3%

Value $51.98M Shares 238,740 Share Price $217.75 * Est. Cost/Share $97.17 Unrealized @ Report Date +103.0%

SPG Simon Property Group, Inc. 3.3%

Value $51.72M Shares 942,668 Share Price $54.86 * Est. Cost/Share $97.08 Unrealized @ Report Date -11.3%

— Duke Realty Corporation 3.2%

Value $50.55M Shares 1,561,313 Share Price $32.38 Est. Cost/Share $29.41 Unrealized @ Report Date —

AVB AvalonBay Communities, Inc. 2.9%

Value $46.28M Shares 314,450 Share Price $147.17 * Est. Cost/Share $168.01 Unrealized @ Report Date -2.7%

INVH Invitation Homes Inc 2.7%

Value $42.81M Shares 2,003,430 Share Price $21.37 * Est. Cost/Share $22.34 Unrealized @ Report Date +6.7%

— Healthcare Trust of America 2.6%

Value $40.38M Shares 1,663,065 Share Price $24.28 Est. Cost/Share $28.64 Unrealized @ Report Date —

ESS Essex Property Trust, Inc. 2.5%

Value $39.85M Shares 180,924 Share Price $220.24 * Est. Cost/Share $147.86 Unrealized @ Report Date +57.1%

SUI Sun Communities, Inc. 2.2%

Value $35.31M Shares 282,796 Share Price $124.85 Est. Cost/Share $86.22 Unrealized @ Report Date —

KIM Kimco Realty Corp. 2.1%

Value $33.33M Shares 3,446,768 Share Price $9.67 * Est. Cost/Share $14.16 Unrealized @ Report Date -6.7%

CUBE Cubesmart 2.0%

Value $31.38M Shares 1,171,364 Share Price $26.79 Est. Cost/Share $28.64 Unrealized @ Report Date —

— CyrusOne 2.0%

Value $31.19M Shares 505,139 Share Price $61.75 Est. Cost/Share $72.36 Unrealized @ Report Date —

JBGS JBG Smith Properties 1.8%

Value $28.71M Shares 902,083 Share Price $31.83 Est. Cost/Share $38.00 Unrealized @ Report Date —

ELS Equity Lifestyle Properties 1.8%

Value $28.19M Shares 490,488 Share Price $57.48 Est. Cost/Share $57.48 Unrealized @ Report Date —

AMH American Homes 4 Rent 1.6%

Value $25.59M Shares 1,102,928 Share Price $23.20 Est. Cost/Share $25.68 Unrealized @ Report Date —

— Retail Opportunity Investmen 1.5%

Value $23.83M Shares 2,874,452 Share Price $8.29 Est. Cost/Share $16.15 Unrealized @ Report Date —

COLD Americold Realty Trust 1.5%

Value $23.6M Shares 693,209 Share Price $34.04 Est. Cost/Share $27.08 Unrealized @ Report Date —

HIW Highwoods Properties, Inc. 1.5%

Value $23.36M Shares 659,511 Share Price $35.42 Est. Cost/Share $44.71 Unrealized @ Report Date —

TRNO Terreno Realty Corp 1.5%

Value $22.98M Shares 444,050 Share Price $51.75 Est. Cost/Share $30.90 Unrealized @ Report Date —

OHI Omega Healthcare Investors 1.3%

Value $20.48M Shares 771,768 Share Price $26.54 Est. Cost/Share $26.54 Unrealized @ Report Date —

HLT Hilton, Inc. 1.0%

Value $16.24M Shares 238,025 Share Price $68.24 * Est. Cost/Share $93.47 Unrealized @ Report Date +2.8%

WELL Welltower Inc. 1.0%

Value $16.22M Shares 354,350 Share Price $45.78 * Est. Cost/Share $61.83 Unrealized @ Report Date 0.0%

RHP Ryman Hospitality Properties 1.0%

Value $15.99M Shares 446,068 Share Price $35.85 Est. Cost/Share $56.39 Unrealized @ Report Date —

— Hudson Pacific Properties 0.7%

Value $11.37M Shares 448,248 Share Price $25.36 Est. Cost/Share $37.20 Unrealized @ Report Date —

PEB Pebblebrook Hotel Trust 0.5%

Value $8.082M Shares 742,148 Share Price $10.89 Est. Cost/Share $31.11 Unrealized @ Report Date —

ALEX Alexander & Baldwin Inc 0.5%

Value $7.867M Shares 701,228 Share Price $11.22 Est. Cost/Share $21.45 Unrealized @ Report Date —

DRH DiamondRock Hospitality 0.2%

Value $2.901M Shares 571,115 Share Price $5.08 Est. Cost/Share $11.13 Unrealized @ Report Date —

— CoreSite Realty Corp. 0.1%

Value $1.07M Shares 9,235 Share Price $115.86 Est. Cost/Share $94.52 Unrealized @ Report Date —

PK Park Hotels & Resorts 0.0%

Value $500K Shares 63,270 Share Price $7.90 Est. Cost/Share $7.90 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EQIX	Equinix Inc.	276,839	$173M	11.0%	$624.57 *	$341.87	+56.8%	COM	29444U700
PLD	ProLogis Inc.	1,993,967	$160M	10.2%	$80.37 *	$40.96	+80.9%	COM	74340W103
EQR	Equity Residential	1,608,518	$99.26M	6.3%	$61.71	$39.61	+54.9%	COM	29476L107
ARE	Alexandria Real Estate Equit	640,052	$87.73M	5.6%	$137.06 *	$78.77	+57.5%	COM	015271109
EXR	Extra Space Storage, Inc.	768,377	$73.58M	4.7%	$95.76 *	$54.48	+52.6%	COM	30225T102
DOC	Healthpeak Properties	2,739,274	$65.33M	4.2%	$23.85	$25.47	-6.1%	COM	42250P103
BXP	Boston Properties, Inc.	696,952	$64.28M	4.1%	$92.23 *	$88.54	+8.0%	COM	101121101
CPT	Camden Property Trust	764,423	$60.57M	3.8%	$79.24 *	$74.04	+14.5%	COM	133131102
KRC	Kilroy Realty	917,873	$58.47M	3.7%	$63.70	$62.62	—	COM	49427F108
AMT	American Tower Corp.	238,740	$51.98M	3.3%	$217.75 *	$97.17	+103.0%	COM	03027X100
SPG	Simon Property Group, Inc.	942,668	$51.72M	3.3%	$54.86 *	$97.08	-11.3%	COM	828806109
—	Duke Realty Corporation	1,561,313	$50.55M	3.2%	$32.38	$29.41	—	COM	264411505
AVB	AvalonBay Communities, Inc.	314,450	$46.28M	2.9%	$147.17 *	$168.01	-2.7%	COM	053484101
INVH	Invitation Homes Inc	2,003,430	$42.81M	2.7%	$21.37 *	$22.34	+6.7%	COM	46187W107
—	Healthcare Trust of America	1,663,065	$40.38M	2.6%	$24.28	$28.64	—	COM	42225P501
ESS	Essex Property Trust, Inc.	180,924	$39.85M	2.5%	$220.24 *	$147.86	+57.1%	COM	297178105
SUI	Sun Communities, Inc.	282,796	$35.31M	2.2%	$124.85	$86.22	—	COM	866674104
KIM	Kimco Realty Corp.	3,446,768	$33.33M	2.1%	$9.67 *	$14.16	-6.7%	COM	49446R109
CUBE	Cubesmart	1,171,364	$31.38M	2.0%	$26.79	$28.64	—	COM	229663109
—	CyrusOne	505,139	$31.19M	2.0%	$61.75	$72.36	—	COM	23283R100
JBGS	JBG Smith Properties	902,083	$28.71M	1.8%	$31.83	$38.00	—	COM	46590V100
ELS	Equity Lifestyle Properties	490,488	$28.19M	1.8%	$57.48	$57.48	—	COM	29472R108
AMH	American Homes 4 Rent	1,102,928	$25.59M	1.6%	$23.20	$25.68	—	COM	02665T306
—	Retail Opportunity Investmen	2,874,452	$23.83M	1.5%	$8.29	$16.15	—	COM	76131N101
COLD	Americold Realty Trust	693,209	$23.6M	1.5%	$34.04	$27.08	—	COM	03064D108
HIW	Highwoods Properties, Inc.	659,511	$23.36M	1.5%	$35.42	$44.71	—	COM	431284108
TRNO	Terreno Realty Corp	444,050	$22.98M	1.5%	$51.75	$30.90	—	COM	88146M101
OHI	Omega Healthcare Investors	771,768	$20.48M	1.3%	$26.54	$26.54	—	COM	681936100
HLT	Hilton, Inc.	238,025	$16.24M	1.0%	$68.24 *	$93.47	+2.8%	COM	43300A203
WELL	Welltower Inc.	354,350	$16.22M	1.0%	$45.78 *	$61.83	0.0%	COM	95040Q104
RHP	Ryman Hospitality Properties	446,068	$15.99M	1.0%	$35.85	$56.39	—	COM	78377T107
—	Hudson Pacific Properties	448,248	$11.37M	0.7%	$25.36	$37.20	—	COM	444097109
PEB	Pebblebrook Hotel Trust	742,148	$8.082M	0.5%	$10.89	$31.11	—	COM	70509V100
ALEX	Alexander & Baldwin Inc	701,228	$7.867M	0.5%	$11.22	$21.45	—	COM	014491104
DRH	DiamondRock Hospitality	571,115	$2.901M	0.2%	$5.08	$11.13	—	COM	252784301
—	CoreSite Realty Corp.	9,235	$1.07M	0.1%	$115.86	$94.52	—	COM	21870Q105
PK	Park Hotels & Resorts	63,270	$500K	0.0%	$7.90	$7.90	—	COM	700517105