Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Aug 14, 2020

Total Value: $1.695B (100.0% shares, 0.0% debt)

Holdings (39)

EQIX Equinix Inc. 11.5%

Value $195M Shares 288,159 Share Price $677.36 * Est. Cost/Share $352.36 Unrealized @ Report Date +72.8%

PLD ProLogis Inc. 10.9%

Value $185M Shares 2,052,355 Share Price $90.35 * Est. Cost/Share $41.96 Unrealized @ Report Date +81.8%

ARE Alexandria Real Estate Equit 6.0%

Value $101M Shares 642,494 Share Price $157.11 * Est. Cost/Share $78.77 Unrealized @ Report Date +54.9%

EQR Equity Residential 5.2%

Value $88.93M Shares 1,555,786 Share Price $57.16 * Est. Cost/Share $39.61 Unrealized @ Report Date +25.4%

EXR Extra Space Storage, Inc. 4.8%

Value $81.27M Shares 905,812 Share Price $89.72 * Est. Cost/Share $57.59 Unrealized @ Report Date +30.2%

DOC Healthpeak Properties 4.0%

Value $68.12M Shares 2,564,879 Share Price $26.56 * Est. Cost/Share $25.47 Unrealized @ Report Date -25.4%

CPT Camden Property Trust 3.9%

Value $66.46M Shares 750,149 Share Price $88.59 * Est. Cost/Share $74.04 Unrealized @ Report Date -1.7%

ELS Equity Lifestyle Properties 3.9%

Value $66.01M Shares 1,095,416 Share Price $60.26 Est. Cost/Share $59.01 Unrealized @ Report Date —

— Duke Realty Corporation 3.5%

Value $58.66M Shares 1,741,480 Share Price $33.69 Est. Cost/Share $29.85 Unrealized @ Report Date —

INVH Invitation Homes Inc 3.3%

Value $56.24M Shares 2,114,812 Share Price $26.60 * Est. Cost/Share $22.28 Unrealized @ Report Date -4.8%

AVB AvalonBay Communities, Inc. 3.3%

Value $56.03M Shares 377,191 Share Price $148.53 * Est. Cost/Share $161.63 Unrealized @ Report Date -19.8%

KIM Kimco Realty Corp. 3.3%

Value $56.02M Shares 4,362,912 Share Price $12.84 * Est. Cost/Share $13.04 Unrealized @ Report Date -32.4%

SPG Simon Property Group, Inc. 3.3%

Value $55.98M Shares 844,887 Share Price $66.26 * Est. Cost/Share $97.08 Unrealized @ Report Date -53.1%

AMT American Tower Corp. 3.2%

Value $54.95M Shares 219,646 Share Price $250.18 * Est. Cost/Share $97.17 Unrealized @ Report Date +116.7%

BXP Boston Properties, Inc. 3.1%

Value $53.18M Shares 604,981 Share Price $87.90 * Est. Cost/Share $88.54 Unrealized @ Report Date -23.1%

KRC Kilroy Realty 3.0%

Value $51.22M Shares 900,588 Share Price $56.88 Est. Cost/Share $62.62 Unrealized @ Report Date —

— Healthcare Trust of America 2.4%

Value $40.8M Shares 1,590,002 Share Price $25.66 Est. Cost/Share $28.64 Unrealized @ Report Date —

— Retail Opportunity Investmen 1.9%

Value $32.84M Shares 3,001,828 Share Price $10.94 Est. Cost/Share $15.92 Unrealized @ Report Date —

AMH American Homes 4 Rent 1.9%

Value $32.62M Shares 1,257,519 Share Price $25.94 Est. Cost/Share $25.71 Unrealized @ Report Date —

CUBE Cubesmart 1.9%

Value $31.74M Shares 1,236,586 Share Price $25.66 Est. Cost/Share $28.48 Unrealized @ Report Date —

— CyrusOne 1.8%

Value $29.77M Shares 409,265 Share Price $72.75 Est. Cost/Share $72.36 Unrealized @ Report Date —

HIW Highwoods Properties, Inc. 1.7%

Value $29.49M Shares 826,082 Share Price $35.70 Est. Cost/Share $42.89 Unrealized @ Report Date —

WELL Welltower Inc. 1.5%

Value $25.64M Shares 495,540 Share Price $51.75 * Est. Cost/Share $56.12 Unrealized @ Report Date -25.6%

JBGS JBG Smith Properties 1.5%

Value $24.79M Shares 856,355 Share Price $28.94 Est. Cost/Share $38.00 Unrealized @ Report Date —

EGP Eastgroup Properties 1.3%

Value $22.58M Shares 190,355 Share Price $118.61 Est. Cost/Share $118.61 Unrealized @ Report Date —

ESS Essex Property Trust, Inc. 1.2%

Value $19.78M Shares 90,273 Share Price $219.09 * Est. Cost/Share $147.86 Unrealized @ Report Date +32.2%

OHI Omega Healthcare Investors 1.1%

Value $19.05M Shares 675,401 Share Price $28.20 Est. Cost/Share $26.54 Unrealized @ Report Date —

— American Campus Communities 1.0%

Value $16.62M Shares 501,256 Share Price $33.15 Est. Cost/Share $33.15 Unrealized @ Report Date —

RHP Ryman Hospitality Properties 0.9%

Value $15.06M Shares 452,741 Share Price $33.26 Est. Cost/Share $56.05 Unrealized @ Report Date —

HLT Hilton, Inc. 0.7%

Value $11.62M Shares 166,258 Share Price $69.87 * Est. Cost/Share $93.47 Unrealized @ Report Date -21.6%

— CoreSite Realty Corp. 0.6%

Value $10.83M Shares 99,463 Share Price $108.87 Est. Cost/Share $107.54 Unrealized @ Report Date —

XHR Xenia Hotels & Resorts Inc 0.6%

Value $10.1M Shares 1,129,966 Share Price $8.94 Est. Cost/Share $8.94 Unrealized @ Report Date —

PEB Pebblebrook Hotel Trust 0.5%

Value $9.094M Shares 665,736 Share Price $13.66 Est. Cost/Share $31.11 Unrealized @ Report Date —

— Hudson Pacific Properties 0.5%

Value $9.008M Shares 358,064 Share Price $25.16 Est. Cost/Share $37.20 Unrealized @ Report Date —

DRH DiamondRock Hospitality 0.2%

Value $3.447M Shares 623,250 Share Price $5.53 Est. Cost/Share $10.66 Unrealized @ Report Date —

SUI Sun Communities, Inc. 0.1%

Value $1.745M Shares 12,860 Share Price $135.69 Est. Cost/Share $86.22 Unrealized @ Report Date —

CUZ Cousins Properties, Inc. 0.1%

Value $1.399M Shares 46,910 Share Price $29.82 Est. Cost/Share $29.82 Unrealized @ Report Date —

TRNO Terreno Realty Corp 0.1%

Value $1.223M Shares 23,324 Share Price $52.44 Est. Cost/Share $30.90 Unrealized @ Report Date —

ALEX Alexander & Baldwin Inc 0.0%

Value $773K Shares 63,400 Share Price $12.19 Est. Cost/Share $21.45 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EQIX	Equinix Inc.	288,159	$195M	11.5%	$677.36 *	$352.36	+72.8%	COM	29444U700
PLD	ProLogis Inc.	2,052,355	$185M	10.9%	$90.35 *	$41.96	+81.8%	COM	74340W103
ARE	Alexandria Real Estate Equit	642,494	$101M	6.0%	$157.11 *	$78.77	+54.9%	COM	015271109
EQR	Equity Residential	1,555,786	$88.93M	5.2%	$57.16 *	$39.61	+25.4%	COM	29476L107
EXR	Extra Space Storage, Inc.	905,812	$81.27M	4.8%	$89.72 *	$57.59	+30.2%	COM	30225T102
DOC	Healthpeak Properties	2,564,879	$68.12M	4.0%	$26.56 *	$25.47	-25.4%	COM	42250P103
CPT	Camden Property Trust	750,149	$66.46M	3.9%	$88.59 *	$74.04	-1.7%	COM	133131102
ELS	Equity Lifestyle Properties	1,095,416	$66.01M	3.9%	$60.26	$59.01	—	COM	29472R108
—	Duke Realty Corporation	1,741,480	$58.66M	3.5%	$33.69	$29.85	—	COM	264411505
INVH	Invitation Homes Inc	2,114,812	$56.24M	3.3%	$26.60 *	$22.28	-4.8%	COM	46187W107
AVB	AvalonBay Communities, Inc.	377,191	$56.03M	3.3%	$148.53 *	$161.63	-19.8%	COM	053484101
KIM	Kimco Realty Corp.	4,362,912	$56.02M	3.3%	$12.84 *	$13.04	-32.4%	COM	49446R109
SPG	Simon Property Group, Inc.	844,887	$55.98M	3.3%	$66.26 *	$97.08	-53.1%	COM	828806109
AMT	American Tower Corp.	219,646	$54.95M	3.2%	$250.18 *	$97.17	+116.7%	COM	03027X100
BXP	Boston Properties, Inc.	604,981	$53.18M	3.1%	$87.90 *	$88.54	-23.1%	COM	101121101
KRC	Kilroy Realty	900,588	$51.22M	3.0%	$56.88	$62.62	—	COM	49427F108
—	Healthcare Trust of America	1,590,002	$40.8M	2.4%	$25.66	$28.64	—	COM	42225P501
—	Retail Opportunity Investmen	3,001,828	$32.84M	1.9%	$10.94	$15.92	—	COM	76131N101
AMH	American Homes 4 Rent	1,257,519	$32.62M	1.9%	$25.94	$25.71	—	COM	02665T306
CUBE	Cubesmart	1,236,586	$31.74M	1.9%	$25.66	$28.48	—	COM	229663109
—	CyrusOne	409,265	$29.77M	1.8%	$72.75	$72.36	—	COM	23283R100
HIW	Highwoods Properties, Inc.	826,082	$29.49M	1.7%	$35.70	$42.89	—	COM	431284108
WELL	Welltower Inc.	495,540	$25.64M	1.5%	$51.75 *	$56.12	-25.6%	COM	95040Q104
JBGS	JBG Smith Properties	856,355	$24.79M	1.5%	$28.94	$38.00	—	COM	46590V100
EGP	Eastgroup Properties	190,355	$22.58M	1.3%	$118.61	$118.61	—	COM	277276101
ESS	Essex Property Trust, Inc.	90,273	$19.78M	1.2%	$219.09 *	$147.86	+32.2%	COM	297178105
OHI	Omega Healthcare Investors	675,401	$19.05M	1.1%	$28.20	$26.54	—	COM	681936100
—	American Campus Communities	501,256	$16.62M	1.0%	$33.15	$33.15	—	COM	024835100
RHP	Ryman Hospitality Properties	452,741	$15.06M	0.9%	$33.26	$56.05	—	COM	78377T107
HLT	Hilton, Inc.	166,258	$11.62M	0.7%	$69.87 *	$93.47	-21.6%	COM	43300A203
—	CoreSite Realty Corp.	99,463	$10.83M	0.6%	$108.87	$107.54	—	COM	21870Q105
XHR	Xenia Hotels & Resorts Inc	1,129,966	$10.1M	0.6%	$8.94	$8.94	—	COM	984017103
PEB	Pebblebrook Hotel Trust	665,736	$9.094M	0.5%	$13.66	$31.11	—	COM	70509V100
—	Hudson Pacific Properties	358,064	$9.008M	0.5%	$25.16	$37.20	—	COM	444097109
DRH	DiamondRock Hospitality	623,250	$3.447M	0.2%	$5.53	$10.66	—	COM	252784301
SUI	Sun Communities, Inc.	12,860	$1.745M	0.1%	$135.69	$86.22	—	COM	866674104
CUZ	Cousins Properties, Inc.	46,910	$1.399M	0.1%	$29.82	$29.82	—	COM	222795502
TRNO	Terreno Realty Corp	23,324	$1.223M	0.1%	$52.44	$30.90	—	COM	88146M101
ALEX	Alexander & Baldwin Inc	63,400	$773K	0.0%	$12.19	$21.45	—	COM	014491104