Adelante Capital Management LLC Concentrated Active

CIK: 0001067926 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 15, 2022

Total Value ($000): $1,330,941 (100.0% shares, 0.0% debt)

Holdings (44)

PLD ProLogis Inc. 11.7%

Value ($000) $155,562 Shares 1,531,126 Est. Cost $47.29 Unrealized +135.7%

EQIX Equinix Inc. 8.1%

Value ($000) $107,257 Shares 188,554 Est. Cost $363.16 Unrealized +67.8%

EQR Equity Residential 6.8%

Value ($000) $91,044 Shares 1,354,419 Est. Cost $44.08 Unrealized +45.4%

EXR Extra Space Storage, Inc. 6.4%

Value ($000) $85,045 Shares 492,415 Est. Cost $59.22 Unrealized +175.9%

ESS Essex Property Trust, Inc. 5.4%

Value ($000) $71,962 Shares 297,082 Est. Cost $203.90 Unrealized +16.0%

WELL Welltower Inc. 5.4%

Value ($000) $71,499 Shares 1,111,621 Est. Cost $54.38 Unrealized +32.1%

— Duke Realty Corporation 5.2%

Value ($000) $68,547 Shares 1,422,133 Est. Cost $31.91 Unrealized —

KIM Kimco Realty Corp. 4.8%

Value ($000) $63,511 Shares 3,449,792 Est. Cost $13.90 Unrealized +28.8%

ARE Alexandria Real Estate Equit 4.3%

Value ($000) $57,274 Shares 408,550 Est. Cost $106.18 Unrealized +22.1%

INVH Invitation Homes Inc 4.1%

Value ($000) $54,469 Shares 1,612,927 Est. Cost $24.13 Unrealized +36.2%

SPG Simon Property Group, Inc. 4.1%

Value ($000) $54,268 Shares 604,654 Est. Cost $97.66 Unrealized -13.4%

CPT Camden Property Trust 4.1%

Value ($000) $54,245 Shares 454,128 Est. Cost $75.62 Unrealized +54.9%

ELS Equity Lifestyle Properties 3.4%

Value ($000) $45,248 Shares 720,041 Est. Cost $59.99 Unrealized —

AMH American Homes 4 Rent 2.9%

Value ($000) $39,027 Shares 1,189,490 Est. Cost $30.33 Unrealized —

BXP Boston Properties, Inc. 2.7%

Value ($000) $36,395 Shares 485,458 Est. Cost $88.20 Unrealized -21.1%

VTR Ventas, Inc. 2.6%

Value ($000) $34,327 Shares 854,547 Est. Cost $46.62 Unrealized -6.7%

AMT American Tower Corp. 2.5%

Value ($000) $33,572 Shares 156,366 Est. Cost $131.73 Unrealized +73.7%

KRC Kilroy Realty 1.9%

Value ($000) $24,775 Shares 588,338 Est. Cost $62.17 Unrealized —

AVB AvalonBay Communities, Inc. 1.8%

Value ($000) $23,851 Shares 129,489 Est. Cost $178.22 Unrealized 0.0%

— Playa Hotels & Resorts 1.5%

Value ($000) $19,601 Shares 3,367,863 Est. Cost $7.62 Unrealized —

DLR Digital Realty Trust 1.4%

Value ($000) $19,140 Shares 192,991 Est. Cost $120.01 Unrealized -9.6%

— Retail Opportunity Investmen 1.1%

Value ($000) $14,993 Shares 1,089,620 Est. Cost $15.64 Unrealized —

SUI Sun Communities, Inc. 1.0%

Value ($000) $13,859 Shares 102,411 Est. Cost $159.34 Unrealized —

HR Healthcare Realty Trust 0.9%

Value ($000) $12,135 Shares 582,008 Est. Cost $20.85 Unrealized —

XHR Xenia Hotels & Resorts Inc 0.8%

Value ($000) $11,270 Shares 817,299 Est. Cost $12.99 Unrealized —

EGP Eastgroup Properties 0.7%

Value ($000) $9,865 Shares 68,344 Est. Cost $142.32 Unrealized —

FRT Federal Realty Investment Tr 0.7%

Value ($000) $9,815 Shares 108,907 Est. Cost $105.39 Unrealized -17.1%

ALEX Alexander & Baldwin Inc 0.7%

Value ($000) $8,843 Shares 533,385 Est. Cost $22.40 Unrealized —

LAMR Lamar Advertising Co-A 0.6%

Value ($000) $7,993 Shares 96,900 Est. Cost $104.96 Unrealized —

NTST Netstreit Corp 0.6%

Value ($000) $7,514 Shares 421,880 Est. Cost $17.81 Unrealized —

FR First Industrial Realty Trus 0.6%

Value ($000) $7,424 Shares 165,680 Est. Cost $44.81 Unrealized —

— Global Medical REIT 0.4%

Value ($000) $5,847 Shares 686,328 Est. Cost $14.70 Unrealized —

VICI Vici Properties 0.2%

Value ($000) $2,177 Shares 72,925 Est. Cost $24.55 Unrealized +11.6%

O Realty Income 0.2%

Value ($000) $2,120 Shares 36,425 Est. Cost $55.83 Unrealized +2.6%

SBAC SBA Communications 0.1%

Value ($000) $1,840 Shares 6,465 Est. Cost $289.79 Unrealized +5.8%

CCI Crown Castle Inc 0.1%

Value ($000) $1,169 Shares 8,085 Est. Cost $148.35 Unrealized -3.9%

HLT Hilton, Inc. 0.1%

Value ($000) $931 Shares 7,716 Est. Cost $96.42 Unrealized +29.7%

PCH Potlach Corp 0.1%

Value ($000) $788 Shares 19,190 Est. Cost $50.69 Unrealized —

CUZ Cousins Properties, Inc. 0.1%

Value ($000) $678 Shares 29,030 Est. Cost $30.27 Unrealized —

IHS IHS Holdings LTD 0.0%

Value ($000) $599 Shares 107,415 Est. Cost $15.03 Unrealized -49.1%

BNL Broadstone Net Lease 0.0%

Value ($000) $462 Shares 29,770 Est. Cost $22.87 Unrealized —

VRE Veris Residential, Inc. 0.0%

Value ($000) $0 Shares 742,669 Est. Cost $17.42 Unrealized —

PSA Public Storage 0.0%

Value ($000) $0 Shares 294,431 Est. Cost $270.01 Unrealized +4.1%

RHP Ryman Hospitality Properties 0.0%

Value ($000) $0 Shares 334,900 Est. Cost $54.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,531,126	$155,562	11.7%	$47.29	+135.7%	COM	74340W103
EQIX	Equinix Inc.	188,554	$107,257	8.1%	$363.16	+67.8%	COM	29444U700
EQR	Equity Residential	1,354,419	$91,044	6.8%	$44.08	+45.4%	COM	29476L107
EXR	Extra Space Storage, Inc.	492,415	$85,045	6.4%	$59.22	+175.9%	COM	30225T102
ESS	Essex Property Trust, Inc.	297,082	$71,962	5.4%	$203.90	+16.0%	COM	297178105
WELL	Welltower Inc.	1,111,621	$71,499	5.4%	$54.38	+32.1%	COM	95040Q104
—	Duke Realty Corporation	1,422,133	$68,547	5.2%	$31.91	—	COM	264411505
KIM	Kimco Realty Corp.	3,449,792	$63,511	4.8%	$13.90	+28.8%	COM	49446R109
ARE	Alexandria Real Estate Equit	408,550	$57,274	4.3%	$106.18	+22.1%	COM	015271109
INVH	Invitation Homes Inc	1,612,927	$54,469	4.1%	$24.13	+36.2%	COM	46187W107
SPG	Simon Property Group, Inc.	604,654	$54,268	4.1%	$97.66	-13.4%	COM	828806109
CPT	Camden Property Trust	454,128	$54,245	4.1%	$75.62	+54.9%	COM	133131102
ELS	Equity Lifestyle Properties	720,041	$45,248	3.4%	$59.99	—	COM	29472R108
AMH	American Homes 4 Rent	1,189,490	$39,027	2.9%	$30.33	—	COM	02665T306
BXP	Boston Properties, Inc.	485,458	$36,395	2.7%	$88.20	-21.1%	COM	101121101
VTR	Ventas, Inc.	854,547	$34,327	2.6%	$46.62	-6.7%	COM	92276F100
AMT	American Tower Corp.	156,366	$33,572	2.5%	$131.73	+73.7%	COM	03027X100
KRC	Kilroy Realty	588,338	$24,775	1.9%	$62.17	—	COM	49427F108
AVB	AvalonBay Communities, Inc.	129,489	$23,851	1.8%	$178.22	0.0%	COM	053484101
—	Playa Hotels & Resorts	3,367,863	$19,601	1.5%	$7.62	—	COM	N70544106
DLR	Digital Realty Trust	192,991	$19,140	1.4%	$120.01	-9.6%	COM	253868103
—	Retail Opportunity Investmen	1,089,620	$14,993	1.1%	$15.64	—	COM	76131N101
SUI	Sun Communities, Inc.	102,411	$13,859	1.0%	$159.34	—	COM	866674104
HR	Healthcare Realty Trust	582,008	$12,135	0.9%	$20.85	—	COM	42226K105
XHR	Xenia Hotels & Resorts Inc	817,299	$11,270	0.8%	$12.99	—	COM	984017103
EGP	Eastgroup Properties	68,344	$9,865	0.7%	$142.32	—	COM	277276101
FRT	Federal Realty Investment Tr	108,907	$9,815	0.7%	$105.39	-17.1%	COM	313745101
ALEX	Alexander & Baldwin Inc	533,385	$8,843	0.7%	$22.40	—	COM	014491104
LAMR	Lamar Advertising Co-A	96,900	$7,993	0.6%	$104.96	—	COM	512816109
NTST	Netstreit Corp	421,880	$7,514	0.6%	$17.81	—	COM	64119V303
FR	First Industrial Realty Trus	165,680	$7,424	0.6%	$44.81	—	COM	32054K103
—	Global Medical REIT	686,328	$5,847	0.4%	$14.70	—	COM	37954A204
VICI	Vici Properties	72,925	$2,177	0.2%	$24.55	+11.6%	COM	925652109
O	Realty Income	36,425	$2,120	0.2%	$55.83	+2.6%	COM	756109104
SBAC	SBA Communications	6,465	$1,840	0.1%	$289.79	+5.8%	COM	78410G104
CCI	Crown Castle Inc	8,085	$1,169	0.1%	$148.35	-3.9%	COM	22822V101
HLT	Hilton, Inc.	7,716	$931	0.1%	$96.42	+29.7%	COM	43300A203
PCH	Potlach Corp	19,190	$788	0.1%	$50.69	—	COM	737630103
CUZ	Cousins Properties, Inc.	29,030	$678	0.1%	$30.27	—	COM	222795502
IHS	IHS Holdings LTD	107,415	$599	0.0%	$15.03	-49.1%	COM	G4701H109
BNL	Broadstone Net Lease	29,770	$462	0.0%	$22.87	—	COM	11135E203
VRE	Veris Residential, Inc.	742,669	$0	0.0%	$17.42	—	COM	554489104
PSA	Public Storage	294,431	$0	0.0%	$270.01	+4.1%	COM	74460D109
RHP	Ryman Hospitality Properties	334,900	$0	0.0%	$54.96	—	COM	78377T107