Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 15, 2024

Total Value: $1.519B

Holdings (43)

PLD ProLogis Inc. 14.5%

Value $221M Shares 1,695,757 Est. Cost $61.94 Unrealized +97.5%

EQIX Equinix Inc. 10.1%

Value $154M Shares 186,505 Est. Cost $389.34 Unrealized +107.4%

WELL Welltower Inc. 8.1%

Value $123M Shares 1,314,732 Est. Cost $58.23 Unrealized +49.7%

SPG Simon Property Group, Inc. 6.4%

Value $96.65M Shares 617,628 Est. Cost $99.52 Unrealized +33.9%

PSA Public Storage 6.1%

Value $92.78M Shares 319,874 Est. Cost $267.06 Unrealized -0.7%

EQR Equity Residential 5.3%

Value $80.39M Shares 1,273,810 Est. Cost $44.48 Unrealized +26.4%

AVB AvalonBay Communities, Inc. 4.7%

Value $71.73M Shares 386,562 Est. Cost $166.01 Unrealized +1.2%

DLR Digital Realty Trust 4.6%

Value $70.07M Shares 486,469 Est. Cost $116.86 Unrealized +13.9%

ARE Alexandria Real Estate Equit 3.8%

Value $57.51M Shares 446,156 Est. Cost $105.21 Unrealized +5.1%

KIM Kimco Realty Corp. 3.7%

Value $56.57M Shares 2,884,717 Est. Cost $14.16 Unrealized +28.5%

EXR Extra Space Storage, Inc. 3.3%

Value $50.53M Shares 343,739 Est. Cost $64.94 Unrealized +106.4%

AMH American Homes 4 Rent 3.1%

Value $46.56M Shares 1,266,028 Est. Cost $31.04 Unrealized —

BRX Brixmor Property Group 2.5%

Value $37.44M Shares 1,596,634 Est. Cost $22.56 Unrealized —

BXP Boston Properties, Inc. 2.4%

Value $37.12M Shares 568,314 Est. Cost $73.61 Unrealized -19.1%

VTR Ventas, Inc. 2.3%

Value $34.26M Shares 786,922 Est. Cost $45.83 Unrealized -6.8%

MAA Mid-America Apartment Commun 2.1%

Value $31.77M Shares 241,471 Est. Cost $134.88 Unrealized -10.5%

INVH Invitation Homes Inc 1.9%

Value $28.62M Shares 803,649 Est. Cost $24.13 Unrealized +30.6%

— Playa Hotels & Resorts 1.7%

Value $26.47M Shares 1,482,939 Est. Cost $7.62 Unrealized —

ELS Equity Lifestyle Properties 1.7%

Value $26.07M Shares 404,742 Est. Cost $60.60 Unrealized —

EGP Eastgroup Properties 1.6%

Value $24M Shares 133,524 Est. Cost $166.07 Unrealized —

RHP Ryman Hospitality Properties 1.0%

Value $15.88M Shares 137,350 Est. Cost $54.96 Unrealized —

DRH DiamondRock Hospitality 1.0%

Value $15.02M Shares 1,563,330 Est. Cost $8.33 Unrealized —

MAR Marriott International-CL A 1.0%

Value $14.83M Shares 58,765 Est. Cost $171.34 Unrealized +38.7%

AMT American Tower Corp. 0.8%

Value $11.97M Shares 60,590 Est. Cost $140.22 Unrealized +32.7%

AHR American Healthcare REIT 0.8%

Value $11.57M Shares 784,286 Est. Cost $14.75 Unrealized —

VNO Vornado Realty Trust 0.7%

Value $10.97M Shares 381,175 Est. Cost $28.77 Unrealized —

REXR Rexford Industrial Realty 0.6%

Value $9.371M Shares 186,295 Est. Cost $55.10 Unrealized —

IVT Inventrust Properties 0.6%

Value $9.185M Shares 357,262 Est. Cost $24.50 Unrealized —

COLD Americold Realty Trust 0.6%

Value $8.577M Shares 344,209 Est. Cost $24.92 Unrealized —

ELME Elme Communities 0.5%

Value $8.332M Shares 598,574 Est. Cost $13.82 Unrealized —

LAMR Lamar Advertising Co-A 0.5%

Value $7.768M Shares 65,057 Est. Cost $106.01 Unrealized —

ESS Essex Property Trust, Inc. 0.5%

Value $7.511M Shares 30,681 Est. Cost $203.90 Unrealized +8.5%

FR First Industrial Realty Trus 0.4%

Value $5.479M Shares 276,692 Est. Cost $47.18 Unrealized —

VICI Vici Properties 0.4%

Value $5.463M Shares 183,372 Est. Cost $26.27 Unrealized +2.2%

O Realty Income 0.2%

Value $2.968M Shares 54,855 Est. Cost $50.64 Unrealized -4.0%

BNL Broadstone Net Lease 0.1%

Value $1.933M Shares 41,711 Est. Cost $22.65 Unrealized —

PCH Potlach Corp 0.1%

Value $1.54M Shares 32,750 Est. Cost $48.07 Unrealized —

HLT Hilton, Inc. 0.1%

Value $1.494M Shares 7,004 Est. Cost $105.16 Unrealized +86.1%

IRM Iron Mountain 0.1%

Value $1.408M Shares 17,552 Est. Cost $56.06 Unrealized +21.3%

EPRT Essential Properties Realty 0.1%

Value $786K Shares 29,475 Est. Cost $26.67 Unrealized —

SLG SL Green Realty Corp. 0.0%

Value $598K Shares 10,843 Est. Cost $55.15 Unrealized —

SUI Sun Communities, Inc. 0.0%

Value $0 Shares 272,209 Est. Cost $131.57 Unrealized —

SBAC SBA Communications 0.0%

Value $0 Shares 7,083 Est. Cost $276.07 Unrealized -22.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,695,757	$221M	14.5%	$61.94	+97.5%	—	74340W103
EQIX	Equinix Inc.	186,505	$154M	10.1%	$389.34	+107.4%	—	29444U700
WELL	Welltower Inc.	1,314,732	$123M	8.1%	$58.23	+49.7%	—	95040Q104
SPG	Simon Property Group, Inc.	617,628	$96.65M	6.4%	$99.52	+33.9%	—	828806109
PSA	Public Storage	319,874	$92.78M	6.1%	$267.06	-0.7%	—	74460D109
EQR	Equity Residential	1,273,810	$80.39M	5.3%	$44.48	+26.4%	—	29476L107
AVB	AvalonBay Communities, Inc.	386,562	$71.73M	4.7%	$166.01	+1.2%	—	053484101
DLR	Digital Realty Trust	486,469	$70.07M	4.6%	$116.86	+13.9%	—	253868103
ARE	Alexandria Real Estate Equit	446,156	$57.51M	3.8%	$105.21	+5.1%	—	015271109
KIM	Kimco Realty Corp.	2,884,717	$56.57M	3.7%	$14.16	+28.5%	—	49446R109
EXR	Extra Space Storage, Inc.	343,739	$50.53M	3.3%	$64.94	+106.4%	—	30225T102
AMH	American Homes 4 Rent	1,266,028	$46.56M	3.1%	$31.04	—	—	02665T306
BRX	Brixmor Property Group	1,596,634	$37.44M	2.5%	$22.56	—	—	11120U105
BXP	Boston Properties, Inc.	568,314	$37.12M	2.4%	$73.61	-19.1%	—	101121101
VTR	Ventas, Inc.	786,922	$34.26M	2.3%	$45.83	-6.8%	—	92276F100
MAA	Mid-America Apartment Commun	241,471	$31.77M	2.1%	$134.88	-10.5%	—	59522J103
INVH	Invitation Homes Inc	803,649	$28.62M	1.9%	$24.13	+30.6%	—	46187W107
—	Playa Hotels & Resorts	1,482,939	$26.47M	1.7%	$7.62	—	—	N70544106
ELS	Equity Lifestyle Properties	404,742	$26.07M	1.7%	$60.60	—	—	29472R108
EGP	Eastgroup Properties	133,524	$24M	1.6%	$166.07	—	—	277276101
RHP	Ryman Hospitality Properties	137,350	$15.88M	1.0%	$54.96	—	—	78377T107
DRH	DiamondRock Hospitality	1,563,330	$15.02M	1.0%	$8.33	—	—	252784301
MAR	Marriott International-CL A	58,765	$14.83M	1.0%	$171.34	+38.7%	—	571903202
AMT	American Tower Corp.	60,590	$11.97M	0.8%	$140.22	+32.7%	—	03027X100
AHR	American Healthcare REIT	784,286	$11.57M	0.8%	$14.75	—	—	398182303
VNO	Vornado Realty Trust	381,175	$10.97M	0.7%	$28.77	—	—	929042109
REXR	Rexford Industrial Realty	186,295	$9.371M	0.6%	$55.10	—	—	76169C100
IVT	Inventrust Properties	357,262	$9.185M	0.6%	$24.50	—	—	46124J201
COLD	Americold Realty Trust	344,209	$8.577M	0.6%	$24.92	—	—	03064D108
ELME	Elme Communities	598,574	$8.332M	0.5%	$13.82	—	—	939653101
LAMR	Lamar Advertising Co-A	65,057	$7.768M	0.5%	$106.01	—	—	512816109
ESS	Essex Property Trust, Inc.	30,681	$7.511M	0.5%	$203.90	+8.5%	—	297178105
FR	First Industrial Realty Trus	276,692	$5.479M	0.4%	$47.18	—	—	32054K103
VICI	Vici Properties	183,372	$5.463M	0.4%	$26.27	+2.2%	—	925652109
O	Realty Income	54,855	$2.968M	0.2%	$50.64	-4.0%	—	756109104
BNL	Broadstone Net Lease	41,711	$1.933M	0.1%	$22.65	—	—	11135E203
PCH	Potlach Corp	32,750	$1.54M	0.1%	$48.07	—	—	737630103
HLT	Hilton, Inc.	7,004	$1.494M	0.1%	$105.16	+86.1%	—	43300A203
IRM	Iron Mountain	17,552	$1.408M	0.1%	$56.06	+21.3%	—	46284V101
EPRT	Essential Properties Realty	29,475	$786K	0.1%	$26.67	—	—	29670E107
SLG	SL Green Realty Corp.	10,843	$598K	0.0%	$55.15	—	—	78440X887
SUI	Sun Communities, Inc.	272,209	$0	0.0%	$131.57	—	—	866674104
SBAC	SBA Communications	7,083	$0	0.0%	$276.07	-22.4%	—	78410G104