Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 16, 2021

Total Value: $1.464B (100.0% shares, 0.0% debt)

Holdings (39)

PLD ProLogis Inc. 11.2%

Value $163M Shares 1,640,110 Share Price $99.66 * Est. Cost/Share $41.96 Unrealized @ Report Date +108.4%

EQIX Equinix Inc. 10.5%

Value $153M Shares 214,402 Share Price $714.18 * Est. Cost/Share $352.36 Unrealized @ Report Date +91.5%

ARE Alexandria Real Estate Equit 5.6%

Value $82.47M Shares 462,740 Share Price $178.22 * Est. Cost/Share $78.77 Unrealized @ Report Date +69.7%

EXR Extra Space Storage, Inc. 5.3%

Value $78.08M Shares 673,935 Share Price $115.86 * Est. Cost/Share $57.59 Unrealized @ Report Date +62.2%

WELL Welltower Inc. 5.2%

Value $76.37M Shares 1,181,826 Share Price $64.62 * Est. Cost/Share $51.01 Unrealized @ Report Date +3.7%

EQR Equity Residential 5.1%

Value $74.42M Shares 1,255,334 Share Price $59.28 * Est. Cost/Share $39.61 Unrealized @ Report Date +16.8%

— Duke Realty Corporation 4.3%

Value $63.21M Shares 1,581,393 Share Price $39.97 Est. Cost/Share $30.04 Unrealized @ Report Date —

CPT Camden Property Trust 4.2%

Value $61.6M Shares 616,462 Share Price $99.92 * Est. Cost/Share $74.05 Unrealized @ Report Date +9.8%

ELS Equity Lifestyle Properties 4.0%

Value $57.94M Shares 914,525 Share Price $63.36 Est. Cost/Share $59.01 Unrealized @ Report Date —

SPG Simon Property Group, Inc. 3.7%

Value $54.67M Shares 641,037 Share Price $85.28 * Est. Cost/Share $97.08 Unrealized @ Report Date -40.6%

INVH Invitation Homes Inc 3.5%

Value $50.55M Shares 1,702,150 Share Price $29.70 * Est. Cost/Share $22.28 Unrealized @ Report Date +10.5%

KIM Kimco Realty Corp. 3.3%

Value $48.97M Shares 3,262,626 Share Price $15.01 * Est. Cost/Share $13.04 Unrealized @ Report Date -18.7%

ESS Essex Property Trust, Inc. 3.1%

Value $45.57M Shares 191,935 Share Price $237.42 * Est. Cost/Share $166.94 Unrealized @ Report Date +14.9%

AMT American Tower Corp. 2.9%

Value $42.23M Shares 188,128 Share Price $224.46 * Est. Cost/Share $101.54 Unrealized @ Report Date +96.7%

BXP Boston Properties, Inc. 2.6%

Value $38.39M Shares 406,131 Share Price $94.53 * Est. Cost/Share $88.54 Unrealized @ Report Date -22.5%

KRC Kilroy Realty 2.3%

Value $34.03M Shares 592,888 Share Price $57.40 Est. Cost/Share $62.62 Unrealized @ Report Date —

— Healthcare Trust of America 2.2%

Value $32.69M Shares 1,187,008 Share Price $27.54 Est. Cost/Share $28.64 Unrealized @ Report Date —

RHP Ryman Hospitality Properties 2.0%

Value $29.98M Shares 442,443 Share Price $67.76 Est. Cost/Share $49.90 Unrealized @ Report Date —

DOC Healthpeak Properties 1.7%

Value $24.43M Shares 808,013 Share Price $30.23 * Est. Cost/Share $25.47 Unrealized @ Report Date -12.7%

AMH American Homes 4 Rent 1.6%

Value $22.98M Shares 765,828 Share Price $30.00 Est. Cost/Share $25.71 Unrealized @ Report Date —

CUBE Cubesmart 1.5%

Value $22.13M Shares 658,428 Share Price $33.61 Est. Cost/Share $28.48 Unrealized @ Report Date —

SUI Sun Communities, Inc. 1.5%

Value $22.04M Shares 145,029 Share Price $151.95 Est. Cost/Share $146.08 Unrealized @ Report Date —

— CyrusOne 1.4%

Value $20.67M Shares 282,575 Share Price $73.15 Est. Cost/Share $71.81 Unrealized @ Report Date —

— American Campus Communities 1.3%

Value $18.98M Shares 443,864 Share Price $42.77 Est. Cost/Share $33.15 Unrealized @ Report Date —

HIW Highwoods Properties, Inc. 1.2%

Value $17.4M Shares 439,090 Share Price $39.63 Est. Cost/Share $42.89 Unrealized @ Report Date —

EGP Eastgroup Properties 1.1%

Value $16.25M Shares 117,708 Share Price $138.05 Est. Cost/Share $118.77 Unrealized @ Report Date —

— Retail Opportunity Investmen 1.0%

Value $15.31M Shares 1,143,600 Share Price $13.39 Est. Cost/Share $15.71 Unrealized @ Report Date —

JBGS JBG Smith Properties 0.9%

Value $13.76M Shares 439,876 Share Price $31.27 Est. Cost/Share $37.92 Unrealized @ Report Date —

— Federal Realty Investment Tr 0.9%

Value $13.68M Shares 160,690 Share Price $85.12 Est. Cost/Share $85.12 Unrealized @ Report Date —

— SL Green Realty Corp. 0.9%

Value $12.85M Shares 215,709 Share Price $59.58 Est. Cost/Share $59.58 Unrealized @ Report Date —

XHR Xenia Hotels & Resorts Inc 0.9%

Value $12.69M Shares 834,638 Share Price $15.20 Est. Cost/Share $8.88 Unrealized @ Report Date —

OHI Omega Healthcare Investors 0.9%

Value $12.66M Shares 348,585 Share Price $36.32 Est. Cost/Share $28.24 Unrealized @ Report Date —

— CoreSite Realty Corp. 0.7%

Value $10.1M Shares 80,591 Share Price $125.27 Est. Cost/Share $108.61 Unrealized @ Report Date —

AVB AvalonBay Communities, Inc. 0.7%

Value $10.05M Shares 62,644 Share Price $160.43 * Est. Cost/Share $161.63 Unrealized @ Report Date -17.7%

— Switch Inc A 0.4%

Value $5.242M Shares 320,175 Share Price $16.37 Est. Cost/Share $15.61 Unrealized @ Report Date —

HLT Hilton, Inc. 0.1%

Value $1.699M Shares 15,267 Share Price $111.29 * Est. Cost/Share $93.70 Unrealized @ Report Date +4.4%

CUZ Cousins Properties, Inc. 0.1%

Value $1.53M Shares 45,665 Share Price $33.50 Est. Cost/Share $30.08 Unrealized @ Report Date —

TRNO Terreno Realty Corp 0.1%

Value $943K Shares 16,120 Share Price $58.50 Est. Cost/Share $30.90 Unrealized @ Report Date —

IYR IShares DJ US Real Estate In 0.0%

Value $389K Shares 4,530 Share Price $85.87 Est. Cost/Share $85.87 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PLD	ProLogis Inc.	1,640,110	$163M	11.2%	$99.66 *	$41.96	+108.4%	COM	74340W103
EQIX	Equinix Inc.	214,402	$153M	10.5%	$714.18 *	$352.36	+91.5%	COM	29444U700
ARE	Alexandria Real Estate Equit	462,740	$82.47M	5.6%	$178.22 *	$78.77	+69.7%	COM	015271109
EXR	Extra Space Storage, Inc.	673,935	$78.08M	5.3%	$115.86 *	$57.59	+62.2%	COM	30225T102
WELL	Welltower Inc.	1,181,826	$76.37M	5.2%	$64.62 *	$51.01	+3.7%	COM	95040Q104
EQR	Equity Residential	1,255,334	$74.42M	5.1%	$59.28 *	$39.61	+16.8%	COM	29476L107
—	Duke Realty Corporation	1,581,393	$63.21M	4.3%	$39.97	$30.04	—	COM	264411505
CPT	Camden Property Trust	616,462	$61.6M	4.2%	$99.92 *	$74.05	+9.8%	COM	133131102
ELS	Equity Lifestyle Properties	914,525	$57.94M	4.0%	$63.36	$59.01	—	COM	29472R108
SPG	Simon Property Group, Inc.	641,037	$54.67M	3.7%	$85.28 *	$97.08	-40.6%	COM	828806109
INVH	Invitation Homes Inc	1,702,150	$50.55M	3.5%	$29.70 *	$22.28	+10.5%	COM	46187W107
KIM	Kimco Realty Corp.	3,262,626	$48.97M	3.3%	$15.01 *	$13.04	-18.7%	COM	49446R109
ESS	Essex Property Trust, Inc.	191,935	$45.57M	3.1%	$237.42 *	$166.94	+14.9%	COM	297178105
AMT	American Tower Corp.	188,128	$42.23M	2.9%	$224.46 *	$101.54	+96.7%	COM	03027X100
BXP	Boston Properties, Inc.	406,131	$38.39M	2.6%	$94.53 *	$88.54	-22.5%	COM	101121101
KRC	Kilroy Realty	592,888	$34.03M	2.3%	$57.40	$62.62	—	COM	49427F108
—	Healthcare Trust of America	1,187,008	$32.69M	2.2%	$27.54	$28.64	—	COM	42225P501
RHP	Ryman Hospitality Properties	442,443	$29.98M	2.0%	$67.76	$49.90	—	COM	78377T107
DOC	Healthpeak Properties	808,013	$24.43M	1.7%	$30.23 *	$25.47	-12.7%	COM	42250P103
AMH	American Homes 4 Rent	765,828	$22.98M	1.6%	$30.00	$25.71	—	COM	02665T306
CUBE	Cubesmart	658,428	$22.13M	1.5%	$33.61	$28.48	—	COM	229663109
SUI	Sun Communities, Inc.	145,029	$22.04M	1.5%	$151.95	$146.08	—	COM	866674104
—	CyrusOne	282,575	$20.67M	1.4%	$73.15	$71.81	—	COM	23283R100
—	American Campus Communities	443,864	$18.98M	1.3%	$42.77	$33.15	—	COM	024835100
HIW	Highwoods Properties, Inc.	439,090	$17.4M	1.2%	$39.63	$42.89	—	COM	431284108
EGP	Eastgroup Properties	117,708	$16.25M	1.1%	$138.05	$118.77	—	COM	277276101
—	Retail Opportunity Investmen	1,143,600	$15.31M	1.0%	$13.39	$15.71	—	COM	76131N101
JBGS	JBG Smith Properties	439,876	$13.76M	0.9%	$31.27	$37.92	—	COM	46590V100
—	Federal Realty Investment Tr	160,690	$13.68M	0.9%	$85.12	$85.12	—	COM	313747206
—	SL Green Realty Corp.	215,709	$12.85M	0.9%	$59.58	$59.58	—	COM	78440X804
XHR	Xenia Hotels & Resorts Inc	834,638	$12.69M	0.9%	$15.20	$8.88	—	COM	984017103
OHI	Omega Healthcare Investors	348,585	$12.66M	0.9%	$36.32	$28.24	—	COM	681936100
—	CoreSite Realty Corp.	80,591	$10.1M	0.7%	$125.27	$108.61	—	COM	21870Q105
AVB	AvalonBay Communities, Inc.	62,644	$10.05M	0.7%	$160.43 *	$161.63	-17.7%	COM	053484101
—	Switch Inc A	320,175	$5.242M	0.4%	$16.37	$15.61	—	COM	87105L104
HLT	Hilton, Inc.	15,267	$1.699M	0.1%	$111.29 *	$93.70	+4.4%	COM	43300A203
CUZ	Cousins Properties, Inc.	45,665	$1.53M	0.1%	$33.50	$30.08	—	COM	222795502
TRNO	Terreno Realty Corp	16,120	$943K	0.1%	$58.50	$30.90	—	COM	88146M101
IYR	IShares DJ US Real Estate In	4,530	$389K	0.0%	$85.87	$85.87	—	COM	464287739