Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 15, 2023

Total Value: $1.235B

Holdings (44)

PLD ProLogis Inc. 16.2%

Value $200M Shares 1,779,710 Est. Cost $60.64 Unrealized +86.4%

EQIX Equinix Inc. 10.6%

Value $131M Shares 179,716 Est. Cost $371.86 Unrealized +97.9%

WELL Welltower Inc. 8.0%

Value $98.64M Shares 1,204,151 Est. Cost $55.90 Unrealized +39.8%

EQR Equity Residential 6.3%

Value $77.32M Shares 1,316,941 Est. Cost $44.21 Unrealized +32.1%

SPG Simon Property Group, Inc. 5.0%

Value $61.95M Shares 573,465 Est. Cost $97.84 Unrealized +5.5%

KIM Kimco Realty Corp. 4.2%

Value $52.33M Shares 2,974,967 Est. Cost $14.04 Unrealized +22.9%

ARE Alexandria Real Estate Equit 3.9%

Value $48.28M Shares 482,357 Est. Cost $105.21 Unrealized -3.1%

BXP Boston Properties, Inc. 3.5%

Value $43.3M Shares 728,061 Est. Cost $74.42 Unrealized -25.0%

DLR Digital Realty Trust 3.5%

Value $43.28M Shares 357,672 Est. Cost $115.00 Unrealized -1.2%

AMH American Homes 4 Rent 3.3%

Value $41.36M Shares 1,227,662 Est. Cost $30.43 Unrealized —

EXR Extra Space Storage, Inc. 3.1%

Value $37.94M Shares 312,060 Est. Cost $59.22 Unrealized +104.7%

ESS Essex Property Trust, Inc. 2.9%

Value $35.78M Shares 168,691 Est. Cost $203.90 Unrealized +4.7%

ELS Equity Lifestyle Properties 2.9%

Value $35.34M Shares 554,726 Est. Cost $60.60 Unrealized —

MAA Mid-America Apartment Commun 2.7%

Value $33.21M Shares 258,142 Est. Cost $135.27 Unrealized -2.9%

VTR Ventas, Inc. 2.6%

Value $32.06M Shares 760,963 Est. Cost $46.03 Unrealized -9.8%

INVH Invitation Homes Inc 2.2%

Value $27.19M Shares 857,988 Est. Cost $24.13 Unrealized +30.1%

BRX Brixmor Property Group 2.2%

Value $27.04M Shares 1,301,408 Est. Cost $22.29 Unrealized —

AVB AvalonBay Communities, Inc. 2.1%

Value $25.5M Shares 148,452 Est. Cost $172.04 Unrealized -1.5%

AMT American Tower Corp. 1.8%

Value $21.77M Shares 132,348 Est. Cost $140.22 Unrealized +19.6%

FR First Industrial Realty Trus 1.5%

Value $18.39M Shares 386,432 Est. Cost $46.71 Unrealized —

RHP Ryman Hospitality Properties 1.2%

Value $15.2M Shares 182,558 Est. Cost $54.96 Unrealized —

— Playa Hotels & Resorts 1.1%

Value $13.7M Shares 1,892,445 Est. Cost $7.62 Unrealized —

SBRA Sabra Health Care REIT Inc 1.1%

Value $13.55M Shares 971,961 Est. Cost $11.66 Unrealized —

CUBE Cubesmart 1.1%

Value $13.23M Shares 346,857 Est. Cost $42.20 Unrealized —

DRH DiamondRock Hospitality 1.0%

Value $12.39M Shares 1,543,195 Est. Cost $8.03 Unrealized —

MAR Marriott International-CL A 0.9%

Value $10.79M Shares 54,886 Est. Cost $149.19 Unrealized +30.1%

ALEX Alexander & Baldwin Inc 0.9%

Value $10.6M Shares 633,832 Est. Cost $21.49 Unrealized —

NTST Netstreit Corp 0.9%

Value $10.54M Shares 676,772 Est. Cost $17.99 Unrealized —

EGP Eastgroup Properties 0.7%

Value $8.755M Shares 52,576 Est. Cost $142.32 Unrealized —

ELME Elme Communities 0.5%

Value $6.647M Shares 487,293 Est. Cost $13.64 Unrealized —

CPT Camden Property Trust 0.5%

Value $5.74M Shares 60,688 Est. Cost $75.92 Unrealized +27.3%

VICI Vici Properties 0.4%

Value $4.758M Shares 163,495 Est. Cost $26.24 Unrealized +3.0%

IVT Inventrust Properties 0.4%

Value $4.723M Shares 198,360 Est. Cost $23.81 Unrealized —

LAMR Lamar Advertising Co-A 0.4%

Value $4.593M Shares 55,026 Est. Cost $104.79 Unrealized —

O Realty Income 0.2%

Value $2.618M Shares 52,430 Est. Cost $54.47 Unrealized -7.9%

SBAC SBA Communications 0.1%

Value $1.578M Shares 7,885 Est. Cost $279.67 Unrealized -23.9%

PCH Potlach Corp 0.1%

Value $1.559M Shares 34,354 Est. Cost $48.10 Unrealized —

— Retail Opportunity Investmen 0.1%

Value $1.286M Shares 103,850 Est. Cost $15.64 Unrealized —

HLT Hilton, Inc. 0.1%

Value $1.268M Shares 8,441 Est. Cost $105.16 Unrealized +42.7%

BNL Broadstone Net Lease 0.1%

Value $639K Shares 44,680 Est. Cost $19.92 Unrealized —

IRM Iron Mountain 0.0%

Value $399K Shares 6,708 Est. Cost $47.24 Unrealized +19.2%

REXR Rexford Industrial Realty 0.0%

Value $0 Shares 175,520 Est. Cost $55.10 Unrealized —

SUI Sun Communities, Inc. 0.0%

Value $0 Shares 177,856 Est. Cost $130.48 Unrealized —

PSA Public Storage 0.0%

Value $0 Shares 253,863 Est. Cost $269.08 Unrealized -5.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,779,710	$200M	16.2%	$60.64	+86.4%	—	74340W103
EQIX	Equinix Inc.	179,716	$131M	10.6%	$371.86	+97.9%	—	29444U700
WELL	Welltower Inc.	1,204,151	$98.64M	8.0%	$55.90	+39.8%	—	95040Q104
EQR	Equity Residential	1,316,941	$77.32M	6.3%	$44.21	+32.1%	—	29476L107
SPG	Simon Property Group, Inc.	573,465	$61.95M	5.0%	$97.84	+5.5%	—	828806109
KIM	Kimco Realty Corp.	2,974,967	$52.33M	4.2%	$14.04	+22.9%	—	49446R109
ARE	Alexandria Real Estate Equit	482,357	$48.28M	3.9%	$105.21	-3.1%	—	015271109
BXP	Boston Properties, Inc.	728,061	$43.3M	3.5%	$74.42	-25.0%	—	101121101
DLR	Digital Realty Trust	357,672	$43.28M	3.5%	$115.00	-1.2%	—	253868103
AMH	American Homes 4 Rent	1,227,662	$41.36M	3.3%	$30.43	—	—	02665T306
EXR	Extra Space Storage, Inc.	312,060	$37.94M	3.1%	$59.22	+104.7%	—	30225T102
ESS	Essex Property Trust, Inc.	168,691	$35.78M	2.9%	$203.90	+4.7%	—	297178105
ELS	Equity Lifestyle Properties	554,726	$35.34M	2.9%	$60.60	—	—	29472R108
MAA	Mid-America Apartment Commun	258,142	$33.21M	2.7%	$135.27	-2.9%	—	59522J103
VTR	Ventas, Inc.	760,963	$32.06M	2.6%	$46.03	-9.8%	—	92276F100
INVH	Invitation Homes Inc	857,988	$27.19M	2.2%	$24.13	+30.1%	—	46187W107
BRX	Brixmor Property Group	1,301,408	$27.04M	2.2%	$22.29	—	—	11120U105
AVB	AvalonBay Communities, Inc.	148,452	$25.5M	2.1%	$172.04	-1.5%	—	053484101
AMT	American Tower Corp.	132,348	$21.77M	1.8%	$140.22	+19.6%	—	03027X100
FR	First Industrial Realty Trus	386,432	$18.39M	1.5%	$46.71	—	—	32054K103
RHP	Ryman Hospitality Properties	182,558	$15.2M	1.2%	$54.96	—	—	78377T107
—	Playa Hotels & Resorts	1,892,445	$13.7M	1.1%	$7.62	—	—	N70544106
SBRA	Sabra Health Care REIT Inc	971,961	$13.55M	1.1%	$11.66	—	—	78573L106
CUBE	Cubesmart	346,857	$13.23M	1.1%	$42.20	—	—	229663109
DRH	DiamondRock Hospitality	1,543,195	$12.39M	1.0%	$8.03	—	—	252784301
MAR	Marriott International-CL A	54,886	$10.79M	0.9%	$149.19	+30.1%	—	571903202
ALEX	Alexander & Baldwin Inc	633,832	$10.6M	0.9%	$21.49	—	—	014491104
NTST	Netstreit Corp	676,772	$10.54M	0.9%	$17.99	—	—	64119V303
EGP	Eastgroup Properties	52,576	$8.755M	0.7%	$142.32	—	—	277276101
ELME	Elme Communities	487,293	$6.647M	0.5%	$13.64	—	—	939653101
CPT	Camden Property Trust	60,688	$5.74M	0.5%	$75.92	+27.3%	—	133131102
VICI	Vici Properties	163,495	$4.758M	0.4%	$26.24	+3.0%	—	925652109
IVT	Inventrust Properties	198,360	$4.723M	0.4%	$23.81	—	—	46124J201
LAMR	Lamar Advertising Co-A	55,026	$4.593M	0.4%	$104.79	—	—	512816109
O	Realty Income	52,430	$2.618M	0.2%	$54.47	-7.9%	—	756109104
SBAC	SBA Communications	7,885	$1.578M	0.1%	$279.67	-23.9%	—	78410G104
PCH	Potlach Corp	34,354	$1.559M	0.1%	$48.10	—	—	737630103
—	Retail Opportunity Investmen	103,850	$1.286M	0.1%	$15.64	—	—	76131N101
HLT	Hilton, Inc.	8,441	$1.268M	0.1%	$105.16	+42.7%	—	43300A203
BNL	Broadstone Net Lease	44,680	$639K	0.1%	$19.92	—	—	11135E203
IRM	Iron Mountain	6,708	$399K	0.0%	$47.24	+19.2%	—	46284V101
REXR	Rexford Industrial Realty	175,520	$0	0.0%	$55.10	—	—	76169C100
SUI	Sun Communities, Inc.	177,856	$0	0.0%	$130.48	—	—	866674104
PSA	Public Storage	253,863	$0	0.0%	$269.08	-5.7%	—	74460D109