Adelante Capital Management LLC Concentrated Active

CIK: 0001067926 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 16, 2022

Total Value ($000): $2,016,761 (100.0% shares, 0.0% debt)

Holdings (45)

PLD ProLogis Inc. 13.1%

Value ($000) $263,589 Shares 1,632,327 Est. Cost $47.29 Unrealized +186.5%

EQIX Equinix Inc. 7.3%

Value ($000) $147,765 Shares 199,247 Est. Cost $363.16 Unrealized +83.0%

EQR Equity Residential 5.6%

Value ($000) $113,597 Shares 1,263,308 Est. Cost $42.17 Unrealized +78.5%

EXR Extra Space Storage, Inc. 5.6%

Value ($000) $113,035 Shares 549,781 Est. Cost $59.22 Unrealized +185.3%

ESS Essex Property Trust, Inc. 5.1%

Value ($000) $103,483 Shares 299,534 Est. Cost $203.90 Unrealized +41.2%

WELL Welltower Inc. 5.0%

Value ($000) $101,196 Shares 1,052,590 Est. Cost $52.96 Unrealized +48.6%

PSA Public Storage 4.9%

Value ($000) $98,509 Shares 252,407 Est. Cost $266.20 Unrealized +13.1%

CPT Camden Property Trust 4.8%

Value ($000) $96,070 Shares 578,038 Est. Cost $75.62 Unrealized +89.0%

— Duke Realty Corporation 4.5%

Value ($000) $90,577 Shares 1,560,058 Est. Cost $31.91 Unrealized —

KIM Kimco Realty Corp. 4.3%

Value ($000) $87,442 Shares 3,540,141 Est. Cost $13.90 Unrealized +45.0%

SPG Simon Property Group, Inc. 4.3%

Value ($000) $86,078 Shares 654,286 Est. Cost $97.66 Unrealized +17.2%

INVH Invitation Homes Inc 3.8%

Value ($000) $76,682 Shares 1,908,444 Est. Cost $23.83 Unrealized +50.5%

ARE Alexandria Real Estate Equit 3.3%

Value ($000) $66,346 Shares 329,671 Est. Cost $97.90 Unrealized +66.1%

BXP Boston Properties, Inc. 2.5%

Value ($000) $51,397 Shares 399,038 Est. Cost $89.53 Unrealized +8.8%

SUI Sun Communities, Inc. 2.4%

Value ($000) $47,989 Shares 273,769 Est. Cost $159.34 Unrealized —

AMH American Homes 4 Rent 2.3%

Value ($000) $46,135 Shares 1,152,503 Est. Cost $30.17 Unrealized —

ELS Equity Lifestyle Properties 2.3%

Value ($000) $45,936 Shares 600,618 Est. Cost $59.01 Unrealized —

VTR Ventas, Inc. 2.1%

Value ($000) $43,268 Shares 700,587 Est. Cost $45.82 Unrealized +3.9%

KRC Kilroy Realty 2.1%

Value ($000) $42,675 Shares 558,437 Est. Cost $63.22 Unrealized —

AMT American Tower Corp. 2.0%

Value ($000) $41,045 Shares 163,382 Est. Cost $123.12 Unrealized +74.5%

— Playa Hotels & Resorts 1.5%

Value ($000) $29,740 Shares 3,438,151 Est. Cost $7.62 Unrealized —

RHP Ryman Hospitality Properties 1.5%

Value ($000) $29,295 Shares 315,783 Est. Cost $50.87 Unrealized —

— Switch Inc A 1.2%

Value ($000) $23,632 Shares 766,777 Est. Cost $29.19 Unrealized —

— Retail Opportunity Investmen 1.1%

Value ($000) $21,279 Shares 1,097,391 Est. Cost $15.71 Unrealized —

JLL Jones Lang Lasalle Inc 0.9%

Value ($000) $17,928 Shares 74,868 Est. Cost $238.13 Unrealized +2.3%

XHR Xenia Hotels & Resorts Inc 0.9%

Value ($000) $17,649 Shares 914,877 Est. Cost $12.99 Unrealized —

VRE Veris Residential, Inc. 0.8%

Value ($000) $15,666 Shares 900,859 Est. Cost $17.51 Unrealized —

FRT Federal Realty Investment Tr 0.7%

Value ($000) $14,161 Shares 116,001 Est. Cost $105.50 Unrealized -1.6%

EGP Eastgroup Properties 0.7%

Value ($000) $13,797 Shares 67,872 Est. Cost $141.56 Unrealized —

— Healthcare Trust of America 0.7%

Value ($000) $13,749 Shares 438,725 Est. Cost $31.34 Unrealized —

— Global Medical REIT 0.6%

Value ($000) $12,961 Shares 794,172 Est. Cost $14.75 Unrealized —

LAMR Lamar Advertising Co-A 0.5%

Value ($000) $11,003 Shares 94,710 Est. Cost $105.38 Unrealized —

ALEX Alexander & Baldwin Inc 0.5%

Value ($000) $10,457 Shares 450,928 Est. Cost $23.59 Unrealized —

CUBE Cubesmart 0.5%

Value ($000) $9,880 Shares 189,902 Est. Cost $38.32 Unrealized —

SBAC SBA Communications 0.1%

Value ($000) $2,211 Shares 6,425 Est. Cost $285.71 Unrealized +6.7%

HLT Hilton, Inc. 0.1%

Value ($000) $1,442 Shares 9,502 Est. Cost $96.42 Unrealized +51.0%

— MGM Growth Properties 0.1%

Value ($000) $1,411 Shares 36,450 Est. Cost $36.92 Unrealized —

IHS IHS Holdings LTD 0.1%

Value ($000) $1,396 Shares 125,950 Est. Cost $15.03 Unrealized -23.9%

CUZ Cousins Properties, Inc. 0.1%

Value ($000) $1,213 Shares 30,105 Est. Cost $30.32 Unrealized —

CCI Crown Castle Inc 0.1%

Value ($000) $1,157 Shares 6,270 Est. Cost $149.76 Unrealized -2.7%

VICI Vici Properties 0.0%

Value ($000) $930 Shares 32,680 Est. Cost $24.21 Unrealized -6.3%

— American Campus Communities 0.0%

Value ($000) $812 Shares 14,505 Est. Cost $34.61 Unrealized —

O Realty Income 0.0%

Value ($000) $812 Shares 11,720 Est. Cost $51.83 Unrealized +6.7%

BNL Broadstone Net Lease 0.0%

Value ($000) $684 Shares 31,395 Est. Cost $24.12 Unrealized —

PCH Potlach Corp 0.0%

Value ($000) $682 Shares 12,930 Est. Cost $53.93 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,632,327	$263,589	13.1%	$47.29	+186.5%	COM	74340W103
EQIX	Equinix Inc.	199,247	$147,765	7.3%	$363.16	+83.0%	COM	29444U700
EQR	Equity Residential	1,263,308	$113,597	5.6%	$42.17	+78.5%	COM	29476L107
EXR	Extra Space Storage, Inc.	549,781	$113,035	5.6%	$59.22	+185.3%	COM	30225T102
ESS	Essex Property Trust, Inc.	299,534	$103,483	5.1%	$203.90	+41.2%	COM	297178105
WELL	Welltower Inc.	1,052,590	$101,196	5.0%	$52.96	+48.6%	COM	95040Q104
PSA	Public Storage	252,407	$98,509	4.9%	$266.20	+13.1%	COM	74460D109
CPT	Camden Property Trust	578,038	$96,070	4.8%	$75.62	+89.0%	COM	133131102
—	Duke Realty Corporation	1,560,058	$90,577	4.5%	$31.91	—	COM	264411505
KIM	Kimco Realty Corp.	3,540,141	$87,442	4.3%	$13.90	+45.0%	COM	49446R109
SPG	Simon Property Group, Inc.	654,286	$86,078	4.3%	$97.66	+17.2%	COM	828806109
INVH	Invitation Homes Inc	1,908,444	$76,682	3.8%	$23.83	+50.5%	COM	46187W107
ARE	Alexandria Real Estate Equit	329,671	$66,346	3.3%	$97.90	+66.1%	COM	015271109
BXP	Boston Properties, Inc.	399,038	$51,397	2.5%	$89.53	+8.8%	COM	101121101
SUI	Sun Communities, Inc.	273,769	$47,989	2.4%	$159.34	—	COM	866674104
AMH	American Homes 4 Rent	1,152,503	$46,135	2.3%	$30.17	—	COM	02665T306
ELS	Equity Lifestyle Properties	600,618	$45,936	2.3%	$59.01	—	COM	29472R108
VTR	Ventas, Inc.	700,587	$43,268	2.1%	$45.82	+3.9%	COM	92276F100
KRC	Kilroy Realty	558,437	$42,675	2.1%	$63.22	—	COM	49427F108
AMT	American Tower Corp.	163,382	$41,045	2.0%	$123.12	+74.5%	COM	03027X100
—	Playa Hotels & Resorts	3,438,151	$29,740	1.5%	$7.62	—	COM	N70544106
RHP	Ryman Hospitality Properties	315,783	$29,295	1.5%	$50.87	—	COM	78377T107
—	Switch Inc A	766,777	$23,632	1.2%	$29.19	—	COM	87105L104
—	Retail Opportunity Investmen	1,097,391	$21,279	1.1%	$15.71	—	COM	76131N101
JLL	Jones Lang Lasalle Inc	74,868	$17,928	0.9%	$238.13	+2.3%	COM	48020Q107
XHR	Xenia Hotels & Resorts Inc	914,877	$17,649	0.9%	$12.99	—	COM	984017103
VRE	Veris Residential, Inc.	900,859	$15,666	0.8%	$17.51	—	COM	554489104
FRT	Federal Realty Investment Tr	116,001	$14,161	0.7%	$105.50	-1.6%	COM	313745101
EGP	Eastgroup Properties	67,872	$13,797	0.7%	$141.56	—	COM	277276101
—	Healthcare Trust of America	438,725	$13,749	0.7%	$31.34	—	COM	42225P501
—	Global Medical REIT	794,172	$12,961	0.6%	$14.75	—	COM	37954A204
LAMR	Lamar Advertising Co-A	94,710	$11,003	0.5%	$105.38	—	COM	512816109
ALEX	Alexander & Baldwin Inc	450,928	$10,457	0.5%	$23.59	—	COM	014491104
CUBE	Cubesmart	189,902	$9,880	0.5%	$38.32	—	COM	229663109
SBAC	SBA Communications	6,425	$2,211	0.1%	$285.71	+6.7%	COM	78410G104
HLT	Hilton, Inc.	9,502	$1,442	0.1%	$96.42	+51.0%	COM	43300A203
—	MGM Growth Properties	36,450	$1,411	0.1%	$36.92	—	COM	55303A105
IHS	IHS Holdings LTD	125,950	$1,396	0.1%	$15.03	-23.9%	COM	G4701H109
CUZ	Cousins Properties, Inc.	30,105	$1,213	0.1%	$30.32	—	COM	222795502
CCI	Crown Castle Inc	6,270	$1,157	0.1%	$149.76	-2.7%	COM	22822V101
VICI	Vici Properties	32,680	$930	0.0%	$24.21	-6.3%	COM	925652109
—	American Campus Communities	14,505	$812	0.0%	$34.61	—	COM	024835100
O	Realty Income	11,720	$812	0.0%	$51.83	+6.7%	COM	756109104
BNL	Broadstone Net Lease	31,395	$684	0.0%	$24.12	—	COM	11135E203
PCH	Potlach Corp	12,930	$682	0.0%	$53.93	—	COM	737630103