Adelante Capital Management LLC Concentrated Active

CIK: 0001067926 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 16, 2021

Total Value ($000): $1,463,513 (100.0% shares, 0.0% debt)

Holdings (39)

PLD ProLogis Inc. 11.2%

Value ($000) $163,454 Shares 1,640,110 Est. Cost $41.96 Unrealized +108.4%

EQIX Equinix Inc. 10.5%

Value ($000) $153,122 Shares 214,402 Est. Cost $352.36 Unrealized +91.5%

ARE Alexandria Real Estate Equit 5.6%

Value ($000) $82,469 Shares 462,740 Est. Cost $78.77 Unrealized +69.7%

EXR Extra Space Storage, Inc. 5.3%

Value ($000) $78,082 Shares 673,935 Est. Cost $57.59 Unrealized +62.2%

WELL Welltower Inc. 5.2%

Value ($000) $76,370 Shares 1,181,826 Est. Cost $51.01 Unrealized +3.7%

EQR Equity Residential 5.1%

Value ($000) $74,416 Shares 1,255,334 Est. Cost $39.61 Unrealized +16.8%

— Duke Realty Corporation 4.3%

Value ($000) $63,208 Shares 1,581,393 Est. Cost $30.04 Unrealized —

CPT Camden Property Trust 4.2%

Value ($000) $61,597 Shares 616,462 Est. Cost $74.05 Unrealized +9.8%

ELS Equity Lifestyle Properties 4.0%

Value ($000) $57,944 Shares 914,525 Est. Cost $59.01 Unrealized —

SPG Simon Property Group, Inc. 3.7%

Value ($000) $54,668 Shares 641,037 Est. Cost $97.08 Unrealized -40.6%

INVH Invitation Homes Inc 3.5%

Value ($000) $50,554 Shares 1,702,150 Est. Cost $22.28 Unrealized +10.5%

KIM Kimco Realty Corp. 3.3%

Value ($000) $48,972 Shares 3,262,626 Est. Cost $13.04 Unrealized -18.7%

ESS Essex Property Trust, Inc. 3.1%

Value ($000) $45,569 Shares 191,935 Est. Cost $166.94 Unrealized +14.9%

AMT American Tower Corp. 2.9%

Value ($000) $42,227 Shares 188,128 Est. Cost $101.54 Unrealized +96.7%

BXP Boston Properties, Inc. 2.6%

Value ($000) $38,391 Shares 406,131 Est. Cost $88.54 Unrealized -22.5%

KRC Kilroy Realty 2.3%

Value ($000) $34,032 Shares 592,888 Est. Cost $62.62 Unrealized —

— Healthcare Trust of America 2.2%

Value ($000) $32,690 Shares 1,187,008 Est. Cost $28.64 Unrealized —

RHP Ryman Hospitality Properties 2.0%

Value ($000) $29,980 Shares 442,443 Est. Cost $49.90 Unrealized —

DOC Healthpeak Properties 1.7%

Value ($000) $24,427 Shares 808,013 Est. Cost $25.47 Unrealized -12.7%

AMH American Homes 4 Rent 1.6%

Value ($000) $22,975 Shares 765,828 Est. Cost $25.71 Unrealized —

CUBE Cubesmart 1.5%

Value ($000) $22,130 Shares 658,428 Est. Cost $28.48 Unrealized —

SUI Sun Communities, Inc. 1.5%

Value ($000) $22,037 Shares 145,029 Est. Cost $146.08 Unrealized —

— CyrusOne 1.4%

Value ($000) $20,671 Shares 282,575 Est. Cost $71.81 Unrealized —

— American Campus Communities 1.3%

Value ($000) $18,984 Shares 443,864 Est. Cost $33.15 Unrealized —

HIW Highwoods Properties, Inc. 1.2%

Value ($000) $17,401 Shares 439,090 Est. Cost $42.89 Unrealized —

EGP Eastgroup Properties 1.1%

Value ($000) $16,250 Shares 117,708 Est. Cost $118.77 Unrealized —

— Retail Opportunity Investmen 1.0%

Value ($000) $15,313 Shares 1,143,600 Est. Cost $15.71 Unrealized —

JBGS JBG Smith Properties 0.9%

Value ($000) $13,755 Shares 439,876 Est. Cost $37.92 Unrealized —

— Federal Realty Investment Tr 0.9%

Value ($000) $13,678 Shares 160,690 Est. Cost $85.12 Unrealized —

— SL Green Realty Corp. 0.9%

Value ($000) $12,852 Shares 215,709 Est. Cost $59.58 Unrealized —

XHR Xenia Hotels & Resorts Inc 0.9%

Value ($000) $12,686 Shares 834,638 Est. Cost $8.88 Unrealized —

OHI Omega Healthcare Investors 0.9%

Value ($000) $12,660 Shares 348,585 Est. Cost $28.24 Unrealized —

— CoreSite Realty Corp. 0.7%

Value ($000) $10,096 Shares 80,591 Est. Cost $108.61 Unrealized —

AVB AvalonBay Communities, Inc. 0.7%

Value ($000) $10,050 Shares 62,644 Est. Cost $161.63 Unrealized -17.7%

— Switch Inc A 0.4%

Value ($000) $5,242 Shares 320,175 Est. Cost $15.61 Unrealized —

HLT Hilton, Inc. 0.1%

Value ($000) $1,699 Shares 15,267 Est. Cost $93.70 Unrealized +4.4%

CUZ Cousins Properties, Inc. 0.1%

Value ($000) $1,530 Shares 45,665 Est. Cost $30.08 Unrealized —

TRNO Terreno Realty Corp 0.1%

Value ($000) $943 Shares 16,120 Est. Cost $30.90 Unrealized —

IYR IShares DJ US Real Estate In 0.0%

Value ($000) $389 Shares 4,530 Est. Cost $85.87 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,640,110	$163,454	11.2%	$41.96	+108.4%	COM	74340W103
EQIX	Equinix Inc.	214,402	$153,122	10.5%	$352.36	+91.5%	COM	29444U700
ARE	Alexandria Real Estate Equit	462,740	$82,469	5.6%	$78.77	+69.7%	COM	015271109
EXR	Extra Space Storage, Inc.	673,935	$78,082	5.3%	$57.59	+62.2%	COM	30225T102
WELL	Welltower Inc.	1,181,826	$76,370	5.2%	$51.01	+3.7%	COM	95040Q104
EQR	Equity Residential	1,255,334	$74,416	5.1%	$39.61	+16.8%	COM	29476L107
—	Duke Realty Corporation	1,581,393	$63,208	4.3%	$30.04	—	COM	264411505
CPT	Camden Property Trust	616,462	$61,597	4.2%	$74.05	+9.8%	COM	133131102
ELS	Equity Lifestyle Properties	914,525	$57,944	4.0%	$59.01	—	COM	29472R108
SPG	Simon Property Group, Inc.	641,037	$54,668	3.7%	$97.08	-40.6%	COM	828806109
INVH	Invitation Homes Inc	1,702,150	$50,554	3.5%	$22.28	+10.5%	COM	46187W107
KIM	Kimco Realty Corp.	3,262,626	$48,972	3.3%	$13.04	-18.7%	COM	49446R109
ESS	Essex Property Trust, Inc.	191,935	$45,569	3.1%	$166.94	+14.9%	COM	297178105
AMT	American Tower Corp.	188,128	$42,227	2.9%	$101.54	+96.7%	COM	03027X100
BXP	Boston Properties, Inc.	406,131	$38,391	2.6%	$88.54	-22.5%	COM	101121101
KRC	Kilroy Realty	592,888	$34,032	2.3%	$62.62	—	COM	49427F108
—	Healthcare Trust of America	1,187,008	$32,690	2.2%	$28.64	—	COM	42225P501
RHP	Ryman Hospitality Properties	442,443	$29,980	2.0%	$49.90	—	COM	78377T107
DOC	Healthpeak Properties	808,013	$24,427	1.7%	$25.47	-12.7%	COM	42250P103
AMH	American Homes 4 Rent	765,828	$22,975	1.6%	$25.71	—	COM	02665T306
CUBE	Cubesmart	658,428	$22,130	1.5%	$28.48	—	COM	229663109
SUI	Sun Communities, Inc.	145,029	$22,037	1.5%	$146.08	—	COM	866674104
—	CyrusOne	282,575	$20,671	1.4%	$71.81	—	COM	23283R100
—	American Campus Communities	443,864	$18,984	1.3%	$33.15	—	COM	024835100
HIW	Highwoods Properties, Inc.	439,090	$17,401	1.2%	$42.89	—	COM	431284108
EGP	Eastgroup Properties	117,708	$16,250	1.1%	$118.77	—	COM	277276101
—	Retail Opportunity Investmen	1,143,600	$15,313	1.0%	$15.71	—	COM	76131N101
JBGS	JBG Smith Properties	439,876	$13,755	0.9%	$37.92	—	COM	46590V100
—	Federal Realty Investment Tr	160,690	$13,678	0.9%	$85.12	—	COM	313747206
—	SL Green Realty Corp.	215,709	$12,852	0.9%	$59.58	—	COM	78440X804
XHR	Xenia Hotels & Resorts Inc	834,638	$12,686	0.9%	$8.88	—	COM	984017103
OHI	Omega Healthcare Investors	348,585	$12,660	0.9%	$28.24	—	COM	681936100
—	CoreSite Realty Corp.	80,591	$10,096	0.7%	$108.61	—	COM	21870Q105
AVB	AvalonBay Communities, Inc.	62,644	$10,050	0.7%	$161.63	-17.7%	COM	053484101
—	Switch Inc A	320,175	$5,242	0.4%	$15.61	—	COM	87105L104
HLT	Hilton, Inc.	15,267	$1,699	0.1%	$93.70	+4.4%	COM	43300A203
CUZ	Cousins Properties, Inc.	45,665	$1,530	0.1%	$30.08	—	COM	222795502
TRNO	Terreno Realty Corp	16,120	$943	0.1%	$30.90	—	COM	88146M101
IYR	IShares DJ US Real Estate In	4,530	$389	0.0%	$85.87	—	COM	464287739