Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: May 17, 2021

Total Value: $1.592B (100.0% shares, 0.0% debt)

Holdings (35)

PLD ProLogis Inc. 10.7%

Value $170M Shares 1,602,600 Share Price $106.00 * Est. Cost/Share $41.96 Unrealized @ Report Date +111.3%

EQIX Equinix Inc. 9.1%

Value $145M Shares 212,760 Share Price $679.59 * Est. Cost/Share $352.36 Unrealized @ Report Date +77.2%

WELL Welltower Inc. 6.0%

Value $96.15M Shares 1,342,342 Share Price $71.63 * Est. Cost/Share $51.97 Unrealized @ Report Date +13.6%

EQR Equity Residential 5.8%

Value $92.28M Shares 1,288,337 Share Price $71.63 * Est. Cost/Share $40.00 Unrealized @ Report Date +37.0%

EXR Extra Space Storage, Inc. 4.8%

Value $77.07M Shares 581,406 Share Price $132.55 * Est. Cost/Share $57.59 Unrealized @ Report Date +74.0%

SPG Simon Property Group, Inc. 4.5%

Value $71.29M Shares 626,648 Share Price $113.77 * Est. Cost/Share $97.08 Unrealized @ Report Date -17.6%

— Duke Realty Corporation 4.5%

Value $71.05M Shares 1,694,402 Share Price $41.93 Est. Cost/Share $30.83 Unrealized @ Report Date —

ARE Alexandria Real Estate Equit 4.4%

Value $69.74M Shares 424,440 Share Price $164.30 * Est. Cost/Share $78.77 Unrealized @ Report Date +72.2%

CPT Camden Property Trust 4.1%

Value $65.15M Shares 592,731 Share Price $109.91 * Est. Cost/Share $74.05 Unrealized @ Report Date +18.8%

INVH Invitation Homes Inc 3.8%

Value $60.68M Shares 1,896,857 Share Price $31.99 * Est. Cost/Share $22.64 Unrealized @ Report Date +13.9%

ESS Essex Property Trust, Inc. 3.8%

Value $60.59M Shares 222,870 Share Price $271.84 * Est. Cost/Share $173.97 Unrealized @ Report Date +25.0%

KIM Kimco Realty Corp. 3.8%

Value $59.75M Shares 3,186,742 Share Price $18.75 * Est. Cost/Share $13.04 Unrealized @ Report Date +9.5%

ELS Equity Lifestyle Properties 3.2%

Value $50.21M Shares 788,953 Share Price $63.64 Est. Cost/Share $59.01 Unrealized @ Report Date —

KRC Kilroy Realty 2.7%

Value $43.33M Shares 660,229 Share Price $65.63 Est. Cost/Share $62.93 Unrealized @ Report Date —

DLR Digital Realty Trust 2.7%

Value $43.05M Shares 305,656 Share Price $140.84 * Est. Cost/Share $116.48 Unrealized @ Report Date 0.0%

AMT American Tower Corp. 2.5%

Value $40.43M Shares 169,137 Share Price $239.06 * Est. Cost/Share $101.54 Unrealized @ Report Date +89.4%

SUI Sun Communities, Inc. 2.2%

Value $35.11M Shares 233,991 Share Price $150.04 Est. Cost/Share $147.58 Unrealized @ Report Date —

BXP Boston Properties, Inc. 2.2%

Value $34.61M Shares 341,811 Share Price $101.26 * Est. Cost/Share $88.54 Unrealized @ Report Date -14.5%

— Healthcare Trust of America 1.9%

Value $30.42M Shares 1,103,001 Share Price $27.58 Est. Cost/Share $28.64 Unrealized @ Report Date —

HIW Highwoods Properties, Inc. 1.7%

Value $27.02M Shares 629,238 Share Price $42.94 Est. Cost/Share $42.91 Unrealized @ Report Date —

RHP Ryman Hospitality Properties 1.7%

Value $26.57M Shares 342,742 Share Price $77.51 Est. Cost/Share $49.90 Unrealized @ Report Date —

AMH American Homes 4 Rent 1.6%

Value $25.93M Shares 777,631 Share Price $33.34 Est. Cost/Share $25.83 Unrealized @ Report Date —

CUBE Cubesmart 1.6%

Value $25.44M Shares 672,398 Share Price $37.83 Est. Cost/Share $28.67 Unrealized @ Report Date —

PSA Public Storage 1.5%

Value $23.57M Shares 95,536 Share Price $246.77 * Est. Cost/Share $188.24 Unrealized @ Report Date 0.0%

— American Campus Communities 1.4%

Value $22.42M Shares 519,435 Share Price $43.17 Est. Cost/Share $34.61 Unrealized @ Report Date —

EGP Eastgroup Properties 1.2%

Value $19.27M Shares 134,510 Share Price $143.28 Est. Cost/Share $121.83 Unrealized @ Report Date —

— Retail Opportunity Investmen 1.2%

Value $18.57M Shares 1,170,007 Share Price $15.87 Est. Cost/Share $15.71 Unrealized @ Report Date —

— Federal Realty Investment Tr 1.0%

Value $16.55M Shares 163,150 Share Price $101.45 Est. Cost/Share $85.37 Unrealized @ Report Date —

VTR Ventas, Inc. 0.9%

Value $14.94M Shares 280,070 Share Price $53.34 * Est. Cost/Share $43.25 Unrealized @ Report Date 0.0%

XHR Xenia Hotels & Resorts Inc 0.9%

Value $14.54M Shares 745,637 Share Price $19.50 Est. Cost/Share $8.88 Unrealized @ Report Date —

OHI Omega Healthcare Investors 0.8%

Value $13.44M Shares 366,870 Share Price $36.63 Est. Cost/Share $28.66 Unrealized @ Report Date —

JBGS JBG Smith Properties 0.8%

Value $12.81M Shares 402,869 Share Price $31.79 Est. Cost/Share $37.92 Unrealized @ Report Date —

— Playa Hotels & Resorts 0.8%

Value $12.6M Shares 1,725,560 Share Price $7.30 Est. Cost/Share $7.30 Unrealized @ Report Date —

CUZ Cousins Properties, Inc. 0.1%

Value $1.691M Shares 47,850 Share Price $35.34 Est. Cost/Share $30.32 Unrealized @ Report Date —

HLT Hilton, Inc. 0.1%

Value $1.2M Shares 9,927 Share Price $120.88 * Est. Cost/Share $93.70 Unrealized @ Report Date +21.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PLD	ProLogis Inc.	1,602,600	$170M	10.7%	$106.00 *	$41.96	+111.3%	COM	74340W103
EQIX	Equinix Inc.	212,760	$145M	9.1%	$679.59 *	$352.36	+77.2%	COM	29444U700
WELL	Welltower Inc.	1,342,342	$96.15M	6.0%	$71.63 *	$51.97	+13.6%	COM	95040Q104
EQR	Equity Residential	1,288,337	$92.28M	5.8%	$71.63 *	$40.00	+37.0%	COM	29476L107
EXR	Extra Space Storage, Inc.	581,406	$77.07M	4.8%	$132.55 *	$57.59	+74.0%	COM	30225T102
SPG	Simon Property Group, Inc.	626,648	$71.29M	4.5%	$113.77 *	$97.08	-17.6%	COM	828806109
—	Duke Realty Corporation	1,694,402	$71.05M	4.5%	$41.93	$30.83	—	COM	264411505
ARE	Alexandria Real Estate Equit	424,440	$69.74M	4.4%	$164.30 *	$78.77	+72.2%	COM	015271109
CPT	Camden Property Trust	592,731	$65.15M	4.1%	$109.91 *	$74.05	+18.8%	COM	133131102
INVH	Invitation Homes Inc	1,896,857	$60.68M	3.8%	$31.99 *	$22.64	+13.9%	COM	46187W107
ESS	Essex Property Trust, Inc.	222,870	$60.59M	3.8%	$271.84 *	$173.97	+25.0%	COM	297178105
KIM	Kimco Realty Corp.	3,186,742	$59.75M	3.8%	$18.75 *	$13.04	+9.5%	COM	49446R109
ELS	Equity Lifestyle Properties	788,953	$50.21M	3.2%	$63.64	$59.01	—	COM	29472R108
KRC	Kilroy Realty	660,229	$43.33M	2.7%	$65.63	$62.93	—	COM	49427F108
DLR	Digital Realty Trust	305,656	$43.05M	2.7%	$140.84 *	$116.48	0.0%	COM	253868103
AMT	American Tower Corp.	169,137	$40.43M	2.5%	$239.06 *	$101.54	+89.4%	COM	03027X100
SUI	Sun Communities, Inc.	233,991	$35.11M	2.2%	$150.04	$147.58	—	COM	866674104
BXP	Boston Properties, Inc.	341,811	$34.61M	2.2%	$101.26 *	$88.54	-14.5%	COM	101121101
—	Healthcare Trust of America	1,103,001	$30.42M	1.9%	$27.58	$28.64	—	COM	42225P501
HIW	Highwoods Properties, Inc.	629,238	$27.02M	1.7%	$42.94	$42.91	—	COM	431284108
RHP	Ryman Hospitality Properties	342,742	$26.57M	1.7%	$77.51	$49.90	—	COM	78377T107
AMH	American Homes 4 Rent	777,631	$25.93M	1.6%	$33.34	$25.83	—	COM	02665T306
CUBE	Cubesmart	672,398	$25.44M	1.6%	$37.83	$28.67	—	COM	229663109
PSA	Public Storage	95,536	$23.57M	1.5%	$246.77 *	$188.24	0.0%	COM	74460D109
—	American Campus Communities	519,435	$22.42M	1.4%	$43.17	$34.61	—	COM	024835100
EGP	Eastgroup Properties	134,510	$19.27M	1.2%	$143.28	$121.83	—	COM	277276101
—	Retail Opportunity Investmen	1,170,007	$18.57M	1.2%	$15.87	$15.71	—	COM	76131N101
—	Federal Realty Investment Tr	163,150	$16.55M	1.0%	$101.45	$85.37	—	COM	313747206
VTR	Ventas, Inc.	280,070	$14.94M	0.9%	$53.34 *	$43.25	0.0%	COM	92276F100
XHR	Xenia Hotels & Resorts Inc	745,637	$14.54M	0.9%	$19.50	$8.88	—	COM	984017103
OHI	Omega Healthcare Investors	366,870	$13.44M	0.8%	$36.63	$28.66	—	COM	681936100
JBGS	JBG Smith Properties	402,869	$12.81M	0.8%	$31.79	$37.92	—	COM	46590V100
—	Playa Hotels & Resorts	1,725,560	$12.6M	0.8%	$7.30	$7.30	—	COM	N70544106
CUZ	Cousins Properties, Inc.	47,850	$1.691M	0.1%	$35.34	$30.32	—	COM	222795502
HLT	Hilton, Inc.	9,927	$1.2M	0.1%	$120.88 *	$93.70	+21.8%	COM	43300A203