Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 14, 2025

Total Value: $1.515B

Holdings (45)

PLD ProLogis Inc. 9.8%

Value $148M Shares 1,400,344 Est. Cost $61.94 Unrealized +77.9%

WELL Welltower Inc. 9.7%

Value $148M Shares 1,171,232 Est. Cost $58.23 Unrealized +121.0%

EQIX Equinix Inc. 9.4%

Value $142M Shares 151,087 Est. Cost $389.34 Unrealized +130.5%

SPG Simon Property Group, Inc. 6.1%

Value $92.26M Shares 535,740 Est. Cost $101.91 Unrealized +62.5%

DLR Digital Realty Trust 5.9%

Value $90.03M Shares 507,703 Est. Cost $122.02 Unrealized +40.3%

AVB AvalonBay Communities, Inc. 5.8%

Value $88.09M Shares 400,444 Est. Cost $167.85 Unrealized +28.8%

PSA Public Storage 5.7%

Value $85.88M Shares 286,811 Est. Cost $267.06 Unrealized +18.3%

EQR Equity Residential 5.1%

Value $77.31M Shares 1,077,337 Est. Cost $44.48 Unrealized +56.9%

BKD Brookdale Senior Living 5.0%

Value $75.36M Shares 1,625,835 Est. Cost $6.69 Unrealized -14.4%

KIM Kimco Realty Corp. 3.6%

Value $54.3M Shares 2,317,331 Est. Cost $16.16 Unrealized +41.9%

IRM Iron Mountain 3.1%

Value $46.87M Shares 445,897 Est. Cost $101.63 Unrealized +11.0%

BXP BXP, Inc. 2.7%

Value $41.6M Shares 559,494 Est. Cost $71.67 Unrealized +6.4%

RHP Ryman Hospitality Properties 2.4%

Value $36.4M Shares 348,890 Est. Cost $64.62 Unrealized —

ARE Alexandria Real Estate Equit 2.3%

Value $34.91M Shares 357,889 Est. Cost $103.88 Unrealized -2.2%

EGP Eastgroup Properties 2.3%

Value $34.65M Shares 215,909 Est. Cost $168.13 Unrealized —

AMH American Homes 4 Rent 2.1%

Value $31.35M Shares 837,803 Est. Cost $31.62 Unrealized —

VTR Ventas, Inc. 2.0%

Value $30.8M Shares 522,956 Est. Cost $45.83 Unrealized +32.3%

ELS Equity Lifestyle Properties 1.9%

Value $28.57M Shares 429,028 Est. Cost $62.21 Unrealized —

REG Regency Centers Corp. 1.6%

Value $24.4M Shares 330,024 Est. Cost $69.72 Unrealized 0.0%

INVH Invitation Homes Inc 1.5%

Value $22.95M Shares 718,041 Est. Cost $26.58 Unrealized +19.9%

SUI Sun Communities, Inc. 1.3%

Value $19.57M Shares 159,147 Est. Cost $131.35 Unrealized —

BRX Brixmor Property Group 1.1%

Value $16.88M Shares 606,342 Est. Cost $23.01 Unrealized —

OHI Omega Healthcare Investors 1.1%

Value $16.6M Shares 438,626 Est. Cost $36.28 Unrealized —

MAR Marriott International-CL A 0.9%

Value $13.57M Shares 48,658 Est. Cost $189.79 Unrealized +43.1%

CUZ Cousins Properties, Inc. 0.9%

Value $13.38M Shares 436,627 Est. Cost $30.64 Unrealized —

IVT Inventrust Properties 0.8%

Value $12.8M Shares 424,769 Est. Cost $25.49 Unrealized —

VNO Vornado Realty Trust 0.8%

Value $12.49M Shares 297,058 Est. Cost $28.77 Unrealized —

FR First Industrial Realty Trus 0.8%

Value $12.25M Shares 244,443 Est. Cost $47.60 Unrealized —

VRE Veris Residential, Inc. 0.7%

Value $10.4M Shares 625,229 Est. Cost $17.63 Unrealized —

COLD Americold Realty Trust 0.6%

Value $9.448M Shares 441,492 Est. Cost $26.61 Unrealized —

AMT American Tower Corp. 0.5%

Value $7.308M Shares 39,844 Est. Cost $142.14 Unrealized +39.5%

LAMR Lamar Advertising Co-A 0.5%

Value $7.276M Shares 59,763 Est. Cost $108.00 Unrealized —

CBRE CBRE Group 0.4%

Value $5.949M Shares 45,309 Est. Cost $109.03 Unrealized +20.1%

EXR Extra Space Storage, Inc. 0.4%

Value $5.764M Shares 291,112 Est. Cost $69.56 Unrealized +123.3%

VICI Vici Properties 0.3%

Value $4.327M Shares 148,132 Est. Cost $26.27 Unrealized +12.3%

O Realty Income 0.2%

Value $3.106M Shares 58,145 Est. Cost $50.28 Unrealized +8.4%

MAA Mid-America Apartment Commun 0.2%

Value $2.287M Shares 128,120 Est. Cost $134.88 Unrealized +10.9%

SBAC SBA Communications 0.1%

Value $1.798M Shares 8,820 Est. Cost $220.13 Unrealized 0.0%

EPRT Essential Properties Realty 0.1%

Value $1.494M Shares 47,763 Est. Cost $29.89 Unrealized —

PCH Potlach Corp 0.1%

Value $1.33M Shares 33,880 Est. Cost $47.74 Unrealized —

ADC Agree Realty Corporation 0.1%

Value $837K Shares 11,885 Est. Cost $70.42 Unrealized —

HLT Hilton, Inc. 0.1%

Value $833K Shares 3,371 Est. Cost $105.16 Unrealized +132.1%

ESS Essex Property Trust, Inc. 0.0%

Value $617K Shares 2,161 Est. Cost $206.15 Unrealized +36.9%

CDP COPT Defense Properties 0.0%

Value $567K Shares 18,329 Est. Cost $30.35 Unrealized —

DOC Healthpeak Properties 0.0%

Value $528K Shares 26,052 Est. Cost $19.78 Unrealized +1.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,400,344	$148M	9.8%	$61.94	+77.9%	—	74340W103
WELL	Welltower Inc.	1,171,232	$148M	9.7%	$58.23	+121.0%	—	95040Q104
EQIX	Equinix Inc.	151,087	$142M	9.4%	$389.34	+130.5%	—	29444U700
SPG	Simon Property Group, Inc.	535,740	$92.26M	6.1%	$101.91	+62.5%	—	828806109
DLR	Digital Realty Trust	507,703	$90.03M	5.9%	$122.02	+40.3%	—	253868103
AVB	AvalonBay Communities, Inc.	400,444	$88.09M	5.8%	$167.85	+28.8%	—	053484101
PSA	Public Storage	286,811	$85.88M	5.7%	$267.06	+18.3%	—	74460D109
EQR	Equity Residential	1,077,337	$77.31M	5.1%	$44.48	+56.9%	—	29476L107
BKD	Brookdale Senior Living	1,625,835	$75.36M	5.0%	$6.69	-14.4%	—	112463104
KIM	Kimco Realty Corp.	2,317,331	$54.3M	3.6%	$16.16	+41.9%	—	49446R109
IRM	Iron Mountain	445,897	$46.87M	3.1%	$101.63	+11.0%	—	46284V101
BXP	BXP, Inc.	559,494	$41.6M	2.7%	$71.67	+6.4%	—	101121101
RHP	Ryman Hospitality Properties	348,890	$36.4M	2.4%	$64.62	—	—	78377T107
ARE	Alexandria Real Estate Equit	357,889	$34.91M	2.3%	$103.88	-2.2%	—	015271109
EGP	Eastgroup Properties	215,909	$34.65M	2.3%	$168.13	—	—	277276101
AMH	American Homes 4 Rent	837,803	$31.35M	2.1%	$31.62	—	—	02665T306
VTR	Ventas, Inc.	522,956	$30.8M	2.0%	$45.83	+32.3%	—	92276F100
ELS	Equity Lifestyle Properties	429,028	$28.57M	1.9%	$62.21	—	—	29472R108
REG	Regency Centers Corp.	330,024	$24.4M	1.6%	$69.72	0.0%	—	758849103
INVH	Invitation Homes Inc	718,041	$22.95M	1.5%	$26.58	+19.9%	—	46187W107
SUI	Sun Communities, Inc.	159,147	$19.57M	1.3%	$131.35	—	—	866674104
BRX	Brixmor Property Group	606,342	$16.88M	1.1%	$23.01	—	—	11120U105
OHI	Omega Healthcare Investors	438,626	$16.6M	1.1%	$36.28	—	—	681936100
MAR	Marriott International-CL A	48,658	$13.57M	0.9%	$189.79	+43.1%	—	571903202
CUZ	Cousins Properties, Inc.	436,627	$13.38M	0.9%	$30.64	—	—	222795502
IVT	Inventrust Properties	424,769	$12.8M	0.8%	$25.49	—	—	46124J201
VNO	Vornado Realty Trust	297,058	$12.49M	0.8%	$28.77	—	—	929042109
FR	First Industrial Realty Trus	244,443	$12.25M	0.8%	$47.60	—	—	32054K103
VRE	Veris Residential, Inc.	625,229	$10.4M	0.7%	$17.63	—	—	554489104
COLD	Americold Realty Trust	441,492	$9.448M	0.6%	$26.61	—	—	03064D108
AMT	American Tower Corp.	39,844	$7.308M	0.5%	$142.14	+39.5%	—	03027X100
LAMR	Lamar Advertising Co-A	59,763	$7.276M	0.5%	$108.00	—	—	512816109
CBRE	CBRE Group	45,309	$5.949M	0.4%	$109.03	+20.1%	—	12504L109
EXR	Extra Space Storage, Inc.	291,112	$5.764M	0.4%	$69.56	+123.3%	—	30225T102
VICI	Vici Properties	148,132	$4.327M	0.3%	$26.27	+12.3%	—	925652109
O	Realty Income	58,145	$3.106M	0.2%	$50.28	+8.4%	—	756109104
MAA	Mid-America Apartment Commun	128,120	$2.287M	0.2%	$134.88	+10.9%	—	59522J103
SBAC	SBA Communications	8,820	$1.798M	0.1%	$220.13	0.0%	—	78410G104
EPRT	Essential Properties Realty	47,763	$1.494M	0.1%	$29.89	—	—	29670E107
PCH	Potlach Corp	33,880	$1.33M	0.1%	$47.74	—	—	737630103
ADC	Agree Realty Corporation	11,885	$837K	0.1%	$70.42	—	—	008492100
HLT	Hilton, Inc.	3,371	$833K	0.1%	$105.16	+132.1%	—	43300A203
ESS	Essex Property Trust, Inc.	2,161	$617K	0.0%	$206.15	+36.9%	—	297178105
CDP	COPT Defense Properties	18,329	$567K	0.0%	$30.35	—	—	22002T108
DOC	Healthpeak Properties	26,052	$528K	0.0%	$19.78	+1.9%	—	42250P103