Adelante Capital Management LLC Concentrated Active

CIK: 0001067926 · Show all filings

Period: Q2 2022 (← Previous) (Next →)

Filing Date: Aug 17, 2022

Total Value ($000): $1,662,237 (100.0% shares, 0.0% debt)

Holdings (43)

PLD ProLogis Inc. 11.3%

Value ($000) $187,856 Shares 1,596,735 Est. Cost $47.29 Unrealized +160.9%

EQIX Equinix Inc. 7.9%

Value ($000) $131,463 Shares 200,089 Est. Cost $363.16 Unrealized +77.1%

EQR Equity Residential 5.9%

Value ($000) $98,460 Shares 1,363,338 Est. Cost $44.08 Unrealized +54.6%

PSA Public Storage 5.7%

Value ($000) $94,847 Shares 303,345 Est. Cost $270.01 Unrealized +7.0%

WELL Welltower Inc. 5.5%

Value ($000) $91,292 Shares 1,108,585 Est. Cost $54.38 Unrealized +49.3%

EXR Extra Space Storage, Inc. 5.3%

Value ($000) $87,995 Shares 517,250 Est. Cost $59.22 Unrealized +167.8%

— Duke Realty Corporation 5.0%

Value ($000) $83,281 Shares 1,515,577 Est. Cost $31.91 Unrealized —

ESS Essex Property Trust, Inc. 4.7%

Value ($000) $78,923 Shares 301,795 Est. Cost $203.90 Unrealized +28.7%

CPT Camden Property Trust 4.6%

Value ($000) $76,624 Shares 569,787 Est. Cost $75.62 Unrealized +70.8%

INVH Invitation Homes Inc 4.2%

Value ($000) $70,005 Shares 1,967,537 Est. Cost $24.13 Unrealized +39.3%

KIM Kimco Realty Corp. 4.2%

Value ($000) $69,433 Shares 3,512,007 Est. Cost $13.90 Unrealized +39.1%

SPG Simon Property Group, Inc. 3.6%

Value ($000) $59,304 Shares 624,779 Est. Cost $97.66 Unrealized -4.5%

ARE Alexandria Real Estate Equit 3.5%

Value ($000) $57,964 Shares 399,670 Est. Cost $105.66 Unrealized +34.6%

VTR Ventas, Inc. 2.9%

Value ($000) $47,680 Shares 927,102 Est. Cost $46.62 Unrealized +5.4%

ELS Equity Lifestyle Properties 2.7%

Value ($000) $44,614 Shares 633,084 Est. Cost $59.60 Unrealized —

SUI Sun Communities, Inc. 2.6%

Value ($000) $42,783 Shares 268,462 Est. Cost $159.34 Unrealized —

BXP Boston Properties, Inc. 2.4%

Value ($000) $40,296 Shares 452,863 Est. Cost $89.54 Unrealized +0.1%

AMH American Homes 4 Rent 2.4%

Value ($000) $39,575 Shares 1,116,684 Est. Cost $30.17 Unrealized —

AMT American Tower Corp. 2.2%

Value ($000) $36,709 Shares 143,623 Est. Cost $123.12 Unrealized +80.5%

KRC Kilroy Realty 1.9%

Value ($000) $32,361 Shares 618,408 Est. Cost $62.17 Unrealized —

RHP Ryman Hospitality Properties 1.7%

Value ($000) $28,670 Shares 377,087 Est. Cost $54.96 Unrealized —

— Playa Hotels & Resorts 1.4%

Value ($000) $23,261 Shares 3,385,810 Est. Cost $7.62 Unrealized —

DLR Digital Realty Trust 1.4%

Value ($000) $23,028 Shares 177,364 Est. Cost $121.02 Unrealized 0.0%

— Retail Opportunity Investmen 1.0%

Value ($000) $16,572 Shares 1,050,201 Est. Cost $15.71 Unrealized —

— Healthcare Trust of America 0.9%

Value ($000) $14,269 Shares 511,235 Est. Cost $30.85 Unrealized —

XHR Xenia Hotels & Resorts Inc 0.7%

Value ($000) $12,265 Shares 844,121 Est. Cost $12.99 Unrealized —

VRE Veris Residential, Inc. 0.7%

Value ($000) $12,207 Shares 921,934 Est. Cost $17.42 Unrealized —

FRT Federal Realty Investment Tr 0.7%

Value ($000) $11,228 Shares 117,276 Est. Cost $105.39 Unrealized -9.4%

EGP Eastgroup Properties 0.7%

Value ($000) $11,137 Shares 72,167 Est. Cost $142.32 Unrealized —

ALEX Alexander & Baldwin Inc 0.6%

Value ($000) $10,258 Shares 571,483 Est. Cost $22.40 Unrealized —

— Global Medical REIT 0.5%

Value ($000) $9,037 Shares 804,671 Est. Cost $14.70 Unrealized —

LAMR Lamar Advertising Co-A 0.5%

Value ($000) $8,538 Shares 97,060 Est. Cost $104.96 Unrealized —

JLL Jones Lang Lasalle Inc 0.2%

Value ($000) $3,992 Shares 22,829 Est. Cost $238.13 Unrealized -16.3%

IHS IHS Holdings LTD 0.1%

Value ($000) $1,189 Shares 113,865 Est. Cost $15.03 Unrealized -26.1%

CCI Crown Castle Inc 0.1%

Value ($000) $1,094 Shares 6,495 Est. Cost $149.78 Unrealized +0.3%

HLT Hilton, Inc. 0.1%

Value ($000) $1,001 Shares 8,982 Est. Cost $96.42 Unrealized +41.8%

CUZ Cousins Properties, Inc. 0.1%

Value ($000) $922 Shares 31,555 Est. Cost $30.27 Unrealized —

PCH Potlach Corp 0.1%

Value ($000) $832 Shares 18,835 Est. Cost $50.87 Unrealized —

— American Campus Communities 0.0%

Value ($000) $750 Shares 11,630 Est. Cost $34.61 Unrealized —

BNL Broadstone Net Lease 0.0%

Value ($000) $522 Shares 25,470 Est. Cost $24.12 Unrealized —

O Realty Income 0.0%

Value ($000) $0 Shares 9,825 Est. Cost $51.83 Unrealized +9.0%

SBAC SBA Communications 0.0%

Value ($000) $0 Shares 5,195 Est. Cost $285.71 Unrealized +11.2%

VICI Vici Properties 0.0%

Value ($000) $0 Shares 64,705 Est. Cost $24.19 Unrealized -0.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,596,735	$187,856	11.3%	$47.29	+160.9%	COM	74340W103
EQIX	Equinix Inc.	200,089	$131,463	7.9%	$363.16	+77.1%	COM	29444U700
EQR	Equity Residential	1,363,338	$98,460	5.9%	$44.08	+54.6%	COM	29476L107
PSA	Public Storage	303,345	$94,847	5.7%	$270.01	+7.0%	COM	74460D109
WELL	Welltower Inc.	1,108,585	$91,292	5.5%	$54.38	+49.3%	COM	95040Q104
EXR	Extra Space Storage, Inc.	517,250	$87,995	5.3%	$59.22	+167.8%	COM	30225T102
—	Duke Realty Corporation	1,515,577	$83,281	5.0%	$31.91	—	COM	264411505
ESS	Essex Property Trust, Inc.	301,795	$78,923	4.7%	$203.90	+28.7%	COM	297178105
CPT	Camden Property Trust	569,787	$76,624	4.6%	$75.62	+70.8%	COM	133131102
INVH	Invitation Homes Inc	1,967,537	$70,005	4.2%	$24.13	+39.3%	COM	46187W107
KIM	Kimco Realty Corp.	3,512,007	$69,433	4.2%	$13.90	+39.1%	COM	49446R109
SPG	Simon Property Group, Inc.	624,779	$59,304	3.6%	$97.66	-4.5%	COM	828806109
ARE	Alexandria Real Estate Equit	399,670	$57,964	3.5%	$105.66	+34.6%	COM	015271109
VTR	Ventas, Inc.	927,102	$47,680	2.9%	$46.62	+5.4%	COM	92276F100
ELS	Equity Lifestyle Properties	633,084	$44,614	2.7%	$59.60	—	COM	29472R108
SUI	Sun Communities, Inc.	268,462	$42,783	2.6%	$159.34	—	COM	866674104
BXP	Boston Properties, Inc.	452,863	$40,296	2.4%	$89.54	+0.1%	COM	101121101
AMH	American Homes 4 Rent	1,116,684	$39,575	2.4%	$30.17	—	COM	02665T306
AMT	American Tower Corp.	143,623	$36,709	2.2%	$123.12	+80.5%	COM	03027X100
KRC	Kilroy Realty	618,408	$32,361	1.9%	$62.17	—	COM	49427F108
RHP	Ryman Hospitality Properties	377,087	$28,670	1.7%	$54.96	—	COM	78377T107
—	Playa Hotels & Resorts	3,385,810	$23,261	1.4%	$7.62	—	COM	N70544106
DLR	Digital Realty Trust	177,364	$23,028	1.4%	$121.02	0.0%	COM	253868103
—	Retail Opportunity Investmen	1,050,201	$16,572	1.0%	$15.71	—	COM	76131N101
—	Healthcare Trust of America	511,235	$14,269	0.9%	$30.85	—	COM	42225P501
XHR	Xenia Hotels & Resorts Inc	844,121	$12,265	0.7%	$12.99	—	COM	984017103
VRE	Veris Residential, Inc.	921,934	$12,207	0.7%	$17.42	—	COM	554489104
FRT	Federal Realty Investment Tr	117,276	$11,228	0.7%	$105.39	-9.4%	COM	313745101
EGP	Eastgroup Properties	72,167	$11,137	0.7%	$142.32	—	COM	277276101
ALEX	Alexander & Baldwin Inc	571,483	$10,258	0.6%	$22.40	—	COM	014491104
—	Global Medical REIT	804,671	$9,037	0.5%	$14.70	—	COM	37954A204
LAMR	Lamar Advertising Co-A	97,060	$8,538	0.5%	$104.96	—	COM	512816109
JLL	Jones Lang Lasalle Inc	22,829	$3,992	0.2%	$238.13	-16.3%	COM	48020Q107
IHS	IHS Holdings LTD	113,865	$1,189	0.1%	$15.03	-26.1%	COM	G4701H109
CCI	Crown Castle Inc	6,495	$1,094	0.1%	$149.78	+0.3%	COM	22822V101
HLT	Hilton, Inc.	8,982	$1,001	0.1%	$96.42	+41.8%	COM	43300A203
CUZ	Cousins Properties, Inc.	31,555	$922	0.1%	$30.27	—	COM	222795502
PCH	Potlach Corp	18,835	$832	0.1%	$50.87	—	COM	737630103
—	American Campus Communities	11,630	$750	0.0%	$34.61	—	COM	024835100
BNL	Broadstone Net Lease	25,470	$522	0.0%	$24.12	—	COM	11135E203
O	Realty Income	9,825	$0	0.0%	$51.83	+9.0%	COM	756109104
SBAC	SBA Communications	5,195	$0	0.0%	$285.71	+11.2%	COM	78410G104
VICI	Vici Properties	64,705	$0	0.0%	$24.19	-0.1%	COM	925652109