Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 15, 2024

Total Value: $1.443B

Holdings (44)

PLD ProLogis Inc. 15.3%

Value $221M Shares 1,659,810 Est. Cost $60.64 Unrealized +74.2%

EQIX Equinix Inc. 10.0%

Value $144M Shares 179,025 Est. Cost $371.86 Unrealized +97.3%

WELL Welltower Inc. 8.1%

Value $117M Shares 1,297,493 Est. Cost $57.85 Unrealized +43.5%

PSA Public Storage 5.7%

Value $82.67M Shares 271,038 Est. Cost $267.42 Unrealized -9.2%

EQR Equity Residential 5.3%

Value $76.14M Shares 1,244,842 Est. Cost $44.21 Unrealized +19.5%

DLR Digital Realty Trust 5.0%

Value $72.04M Shares 535,295 Est. Cost $116.86 Unrealized +3.2%

AVB AvalonBay Communities, Inc. 4.7%

Value $67.58M Shares 360,964 Est. Cost $165.86 Unrealized -2.6%

KIM Kimco Realty Corp. 4.1%

Value $59.71M Shares 2,802,088 Est. Cost $14.04 Unrealized +21.2%

ARE Alexandria Real Estate Equit 4.0%

Value $57.36M Shares 452,465 Est. Cost $105.21 Unrealized -9.1%

EXR Extra Space Storage, Inc. 3.7%

Value $53.54M Shares 333,953 Est. Cost $62.92 Unrealized +83.8%

BXP Boston Properties, Inc. 3.7%

Value $53.04M Shares 755,866 Est. Cost $73.61 Unrealized -28.8%

AMH American Homes 4 Rent 2.9%

Value $41.18M Shares 1,145,102 Est. Cost $30.43 Unrealized —

VTR Ventas, Inc. 2.6%

Value $36.93M Shares 740,984 Est. Cost $46.03 Unrealized -9.3%

SUI Sun Communities, Inc. 2.5%

Value $36.29M Shares 271,508 Est. Cost $131.57 Unrealized —

MAA Mid-America Apartment Commun 2.2%

Value $31.59M Shares 234,952 Est. Cost $135.27 Unrealized -13.7%

BRX Brixmor Property Group 2.0%

Value $28.47M Shares 1,223,332 Est. Cost $22.29 Unrealized —

ELS Equity Lifestyle Properties 2.0%

Value $28.35M Shares 401,890 Est. Cost $60.60 Unrealized —

INVH Invitation Homes Inc 1.9%

Value $27.86M Shares 816,658 Est. Cost $24.13 Unrealized +24.3%

AMT American Tower Corp. 1.6%

Value $23.13M Shares 107,157 Est. Cost $140.22 Unrealized +24.9%

FR First Industrial Realty Trus 1.5%

Value $22.09M Shares 419,342 Est. Cost $47.18 Unrealized —

DRH DiamondRock Hospitality 1.3%

Value $18.68M Shares 1,988,777 Est. Cost $8.33 Unrealized —

RHP Ryman Hospitality Properties 1.2%

Value $17.19M Shares 156,150 Est. Cost $54.96 Unrealized —

EGP Eastgroup Properties 1.1%

Value $16.41M Shares 89,426 Est. Cost $159.31 Unrealized —

— Playa Hotels & Resorts 1.0%

Value $14.69M Shares 1,698,680 Est. Cost $7.62 Unrealized —

ESS Essex Property Trust, Inc. 0.9%

Value $13.3M Shares 53,639 Est. Cost $203.90 Unrealized -0.4%

WPC WP Carey 0.8%

Value $12.25M Shares 189,053 Est. Cost $64.81 Unrealized —

OHI Omega Healthcare Investors 0.8%

Value $12.24M Shares 399,212 Est. Cost $30.66 Unrealized —

ALEX Alexander & Baldwin Inc 0.7%

Value $10.36M Shares 544,666 Est. Cost $21.49 Unrealized —

MAR Marriott International-CL A 0.7%

Value $9.936M Shares 44,060 Est. Cost $149.19 Unrealized +33.1%

IVT Inventrust Properties 0.6%

Value $8.83M Shares 348,435 Est. Cost $24.47 Unrealized —

ELME Elme Communities 0.6%

Value $8.715M Shares 596,900 Est. Cost $13.82 Unrealized —

LAMR Lamar Advertising Co-A 0.4%

Value $6.389M Shares 60,117 Est. Cost $104.91 Unrealized —

VICI Vici Properties 0.4%

Value $5.419M Shares 169,977 Est. Cost $26.23 Unrealized -1.2%

SBAC SBA Communications 0.1%

Value $2.12M Shares 8,355 Est. Cost $276.07 Unrealized -21.9%

PCH Potlach Corp 0.1%

Value $1.559M Shares 31,744 Est. Cost $48.10 Unrealized —

HLT Hilton, Inc. 0.1%

Value $1.368M Shares 7,511 Est. Cost $105.16 Unrealized +54.3%

O Realty Income 0.1%

Value $1.089M Shares 18,965 Est. Cost $54.47 Unrealized -14.7%

IRM Iron Mountain 0.1%

Value $983K Shares 14,044 Est. Cost $53.08 Unrealized +10.1%

BNL Broadstone Net Lease 0.0%

Value $644K Shares 37,401 Est. Cost $19.92 Unrealized —

CUBE Cubesmart 0.0%

Value $593K Shares 12,789 Est. Cost $42.20 Unrealized —

DOC Healthpeak Properties 0.0%

Value $9,000 Shares 439 Est. Cost $15.38 Unrealized 0.0%

NTST Netstreit Corp 0.0%

Value $2,000 Shares 100 Est. Cost $17.99 Unrealized —

SPG Simon Property Group, Inc. 0.0%

Value $0 Shares 594,591 Est. Cost $98.21 Unrealized +10.3%

REXR Rexford Industrial Realty 0.0%

Value $0 Shares 189,880 Est. Cost $55.10 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,659,810	$221M	15.3%	$60.64	+74.2%	—	74340W103
EQIX	Equinix Inc.	179,025	$144M	10.0%	$371.86	+97.3%	—	29444U700
WELL	Welltower Inc.	1,297,493	$117M	8.1%	$57.85	+43.5%	—	95040Q104
PSA	Public Storage	271,038	$82.67M	5.7%	$267.42	-9.2%	—	74460D109
EQR	Equity Residential	1,244,842	$76.14M	5.3%	$44.21	+19.5%	—	29476L107
DLR	Digital Realty Trust	535,295	$72.04M	5.0%	$116.86	+3.2%	—	253868103
AVB	AvalonBay Communities, Inc.	360,964	$67.58M	4.7%	$165.86	-2.6%	—	053484101
KIM	Kimco Realty Corp.	2,802,088	$59.71M	4.1%	$14.04	+21.2%	—	49446R109
ARE	Alexandria Real Estate Equit	452,465	$57.36M	4.0%	$105.21	-9.1%	—	015271109
EXR	Extra Space Storage, Inc.	333,953	$53.54M	3.7%	$62.92	+83.8%	—	30225T102
BXP	Boston Properties, Inc.	755,866	$53.04M	3.7%	$73.61	-28.8%	—	101121101
AMH	American Homes 4 Rent	1,145,102	$41.18M	2.9%	$30.43	—	—	02665T306
VTR	Ventas, Inc.	740,984	$36.93M	2.6%	$46.03	-9.3%	—	92276F100
SUI	Sun Communities, Inc.	271,508	$36.29M	2.5%	$131.57	—	—	866674104
MAA	Mid-America Apartment Commun	234,952	$31.59M	2.2%	$135.27	-13.7%	—	59522J103
BRX	Brixmor Property Group	1,223,332	$28.47M	2.0%	$22.29	—	—	11120U105
ELS	Equity Lifestyle Properties	401,890	$28.35M	2.0%	$60.60	—	—	29472R108
INVH	Invitation Homes Inc	816,658	$27.86M	1.9%	$24.13	+24.3%	—	46187W107
AMT	American Tower Corp.	107,157	$23.13M	1.6%	$140.22	+24.9%	—	03027X100
FR	First Industrial Realty Trus	419,342	$22.09M	1.5%	$47.18	—	—	32054K103
DRH	DiamondRock Hospitality	1,988,777	$18.68M	1.3%	$8.33	—	—	252784301
RHP	Ryman Hospitality Properties	156,150	$17.19M	1.2%	$54.96	—	—	78377T107
EGP	Eastgroup Properties	89,426	$16.41M	1.1%	$159.31	—	—	277276101
—	Playa Hotels & Resorts	1,698,680	$14.69M	1.0%	$7.62	—	—	N70544106
ESS	Essex Property Trust, Inc.	53,639	$13.3M	0.9%	$203.90	-0.4%	—	297178105
WPC	WP Carey	189,053	$12.25M	0.8%	$64.81	—	—	92936U109
OHI	Omega Healthcare Investors	399,212	$12.24M	0.8%	$30.66	—	—	681936100
ALEX	Alexander & Baldwin Inc	544,666	$10.36M	0.7%	$21.49	—	—	014491104
MAR	Marriott International-CL A	44,060	$9.936M	0.7%	$149.19	+33.1%	—	571903202
IVT	Inventrust Properties	348,435	$8.83M	0.6%	$24.47	—	—	46124J201
ELME	Elme Communities	596,900	$8.715M	0.6%	$13.82	—	—	939653101
LAMR	Lamar Advertising Co-A	60,117	$6.389M	0.4%	$104.91	—	—	512816109
VICI	Vici Properties	169,977	$5.419M	0.4%	$26.23	-1.2%	—	925652109
SBAC	SBA Communications	8,355	$2.12M	0.1%	$276.07	-21.9%	—	78410G104
PCH	Potlach Corp	31,744	$1.559M	0.1%	$48.10	—	—	737630103
HLT	Hilton, Inc.	7,511	$1.368M	0.1%	$105.16	+54.3%	—	43300A203
O	Realty Income	18,965	$1.089M	0.1%	$54.47	-14.7%	—	756109104
IRM	Iron Mountain	14,044	$983K	0.1%	$53.08	+10.1%	—	46284V101
BNL	Broadstone Net Lease	37,401	$644K	0.0%	$19.92	—	—	11135E203
CUBE	Cubesmart	12,789	$593K	0.0%	$42.20	—	—	229663109
DOC	Healthpeak Properties	439	$9,000	0.0%	$15.38	0.0%	—	42250P103
NTST	Netstreit Corp	100	$2,000	0.0%	$17.99	—	—	64119V303
SPG	Simon Property Group, Inc.	594,591	$0	0.0%	$98.21	+10.3%	—	828806109
REXR	Rexford Industrial Realty	189,880	$0	0.0%	$55.10	—	—	76169C100