Adelante Capital Management LLC Concentrated Active

Location: Alameda, CA

CIK: 0001067926 · Show all filings

Period: Q3 2024 (← Previous) (Next →)

Filing Date: Feb 24, 2025

Total Value: $1.549B

Holdings (42)

PLD ProLogis Inc. 12.4%

Value $192M Shares 1,523,733 Est. Cost $61.94 Unrealized +90.6%

WELL Welltower Inc. 9.6%

Value $149M Shares 1,162,695 Est. Cost $58.23 Unrealized +95.5%

EQIX Equinix Inc. 9.2%

Value $143M Shares 160,850 Est. Cost $389.34 Unrealized +104.1%

PSA Public Storage 6.8%

Value $106M Shares 290,842 Est. Cost $267.06 Unrealized +14.8%

AVB AvalonBay Communities, Inc. 5.9%

Value $91.01M Shares 404,045 Est. Cost $167.85 Unrealized +22.3%

SPG Simon Property Group, Inc. 5.6%

Value $87.27M Shares 516,313 Est. Cost $99.52 Unrealized +48.3%

EQR Equity Residential 5.4%

Value $83.37M Shares 1,119,711 Est. Cost $44.48 Unrealized +53.1%

DLR Digital Realty Trust 4.9%

Value $75.27M Shares 465,127 Est. Cost $117.51 Unrealized +25.0%

BRX Brixmor Property Group 3.5%

Value $53.48M Shares 1,919,660 Est. Cost $23.01 Unrealized —

EXR Extra Space Storage, Inc. 3.2%

Value $49.77M Shares 276,236 Est. Cost $64.94 Unrealized +144.0%

IRM Iron Mountain 3.0%

Value $47.2M Shares 397,223 Est. Cost $100.26 Unrealized +1.8%

BXP BXP, Inc. 3.0%

Value $47.03M Shares 584,471 Est. Cost $71.67 Unrealized -7.2%

KIM Kimco Realty Corp. 2.7%

Value $41.55M Shares 1,789,363 Est. Cost $14.16 Unrealized +46.1%

VTR Ventas, Inc. 2.5%

Value $38.46M Shares 599,644 Est. Cost $45.83 Unrealized +22.1%

EGP Eastgroup Properties 2.4%

Value $36.54M Shares 195,583 Est. Cost $168.92 Unrealized —

INVH Invitation Homes Inc 2.1%

Value $32.18M Shares 912,563 Est. Cost $26.58 Unrealized +27.4%

ELS Equity Lifestyle Properties 2.0%

Value $30.86M Shares 432,580 Est. Cost $62.21 Unrealized —

RHP Ryman Hospitality Properties 1.9%

Value $30.09M Shares 280,595 Est. Cost $54.96 Unrealized —

AMH American Homes 4 Rent 1.9%

Value $29.25M Shares 761,980 Est. Cost $31.04 Unrealized —

ARE Alexandria Real Estate Equit 1.7%

Value $26.72M Shares 225,014 Est. Cost $105.21 Unrealized +3.8%

SUI Sun Communities, Inc. 1.4%

Value $20.94M Shares 154,958 Est. Cost $131.57 Unrealized —

DOC Healthpeak Properties 1.2%

Value $19.16M Shares 837,739 Est. Cost $19.78 Unrealized 0.0%

MAR Marriott International-CL A 1.1%

Value $16.31M Shares 65,625 Est. Cost $189.79 Unrealized +21.1%

IVT Inventrust Properties 0.9%

Value $13.66M Shares 481,437 Est. Cost $25.49 Unrealized —

VNO Vornado Realty Trust 0.8%

Value $11.95M Shares 303,299 Est. Cost $28.77 Unrealized —

COLD Americold Realty Trust 0.6%

Value $9.826M Shares 347,556 Est. Cost $28.02 Unrealized —

VRE Veris Residential, Inc. 0.6%

Value $9.069M Shares 507,736 Est. Cost $17.86 Unrealized —

AMT American Tower Corp. 0.6%

Value $8.96M Shares 38,527 Est. Cost $140.22 Unrealized +50.3%

OHI Omega Healthcare Investors 0.5%

Value $7.768M Shares 190,873 Est. Cost $34.25 Unrealized —

BKD Brookdale Senior Living 0.5%

Value $7.522M Shares 1,107,944 Est. Cost $7.14 Unrealized 0.0%

LAMR Lamar Advertising Co-A 0.5%

Value $7.172M Shares 53,679 Est. Cost $106.44 Unrealized —

VICI Vici Properties 0.4%

Value $6.07M Shares 182,239 Est. Cost $26.27 Unrealized +11.0%

O Realty Income 0.3%

Value $4.217M Shares 66,501 Est. Cost $50.28 Unrealized +9.4%

FR First Industrial Realty Trus 0.3%

Value $4.199M Shares 212,092 Est. Cost $47.21 Unrealized —

MAA Mid-America Apartment Commun 0.2%

Value $2.462M Shares 137,919 Est. Cost $134.88 Unrealized +7.3%

CBRE CBRE Group 0.1%

Value $2.317M Shares 49,994 Est. Cost $109.03 Unrealized 0.0%

CCI Crown Castle Inc 0.1%

Value $1.872M Shares 15,776 Est. Cost $90.85 Unrealized +12.3%

EPRT Essential Properties Realty 0.1%

Value $1.641M Shares 48,043 Est. Cost $29.89 Unrealized —

PCH Potlach Corp 0.1%

Value $1.615M Shares 35,840 Est. Cost $47.74 Unrealized —

HLT Hilton, Inc. 0.1%

Value $804K Shares 3,488 Est. Cost $105.16 Unrealized +105.1%

ESS Essex Property Trust, Inc. 0.0%

Value $620K Shares 2,099 Est. Cost $203.90 Unrealized +34.8%

CDP COPT Defense Properties 0.0%

Value $557K Shares 18,353 Est. Cost $30.35 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PLD	ProLogis Inc.	1,523,733	$192M	12.4%	$61.94	+90.6%	—	74340W103
WELL	Welltower Inc.	1,162,695	$149M	9.6%	$58.23	+95.5%	—	95040Q104
EQIX	Equinix Inc.	160,850	$143M	9.2%	$389.34	+104.1%	—	29444U700
PSA	Public Storage	290,842	$106M	6.8%	$267.06	+14.8%	—	74460D109
AVB	AvalonBay Communities, Inc.	404,045	$91.01M	5.9%	$167.85	+22.3%	—	053484101
SPG	Simon Property Group, Inc.	516,313	$87.27M	5.6%	$99.52	+48.3%	—	828806109
EQR	Equity Residential	1,119,711	$83.37M	5.4%	$44.48	+53.1%	—	29476L107
DLR	Digital Realty Trust	465,127	$75.27M	4.9%	$117.51	+25.0%	—	253868103
BRX	Brixmor Property Group	1,919,660	$53.48M	3.5%	$23.01	—	—	11120U105
EXR	Extra Space Storage, Inc.	276,236	$49.77M	3.2%	$64.94	+144.0%	—	30225T102
IRM	Iron Mountain	397,223	$47.2M	3.0%	$100.26	+1.8%	—	46284V101
BXP	BXP, Inc.	584,471	$47.03M	3.0%	$71.67	-7.2%	—	101121101
KIM	Kimco Realty Corp.	1,789,363	$41.55M	2.7%	$14.16	+46.1%	—	49446R109
VTR	Ventas, Inc.	599,644	$38.46M	2.5%	$45.83	+22.1%	—	92276F100
EGP	Eastgroup Properties	195,583	$36.54M	2.4%	$168.92	—	—	277276101
INVH	Invitation Homes Inc	912,563	$32.18M	2.1%	$26.58	+27.4%	—	46187W107
ELS	Equity Lifestyle Properties	432,580	$30.86M	2.0%	$62.21	—	—	29472R108
RHP	Ryman Hospitality Properties	280,595	$30.09M	1.9%	$54.96	—	—	78377T107
AMH	American Homes 4 Rent	761,980	$29.25M	1.9%	$31.04	—	—	02665T306
ARE	Alexandria Real Estate Equit	225,014	$26.72M	1.7%	$105.21	+3.8%	—	015271109
SUI	Sun Communities, Inc.	154,958	$20.94M	1.4%	$131.57	—	—	866674104
DOC	Healthpeak Properties	837,739	$19.16M	1.2%	$19.78	0.0%	—	42250P103
MAR	Marriott International-CL A	65,625	$16.31M	1.1%	$189.79	+21.1%	—	571903202
IVT	Inventrust Properties	481,437	$13.66M	0.9%	$25.49	—	—	46124J201
VNO	Vornado Realty Trust	303,299	$11.95M	0.8%	$28.77	—	—	929042109
COLD	Americold Realty Trust	347,556	$9.826M	0.6%	$28.02	—	—	03064D108
VRE	Veris Residential, Inc.	507,736	$9.069M	0.6%	$17.86	—	—	554489104
AMT	American Tower Corp.	38,527	$8.96M	0.6%	$140.22	+50.3%	—	03027X100
OHI	Omega Healthcare Investors	190,873	$7.768M	0.5%	$34.25	—	—	681936100
BKD	Brookdale Senior Living	1,107,944	$7.522M	0.5%	$7.14	0.0%	—	112463104
LAMR	Lamar Advertising Co-A	53,679	$7.172M	0.5%	$106.44	—	—	512816109
VICI	Vici Properties	182,239	$6.07M	0.4%	$26.27	+11.0%	—	925652109
O	Realty Income	66,501	$4.217M	0.3%	$50.28	+9.4%	—	756109104
FR	First Industrial Realty Trus	212,092	$4.199M	0.3%	$47.21	—	—	32054K103
MAA	Mid-America Apartment Commun	137,919	$2.462M	0.2%	$134.88	+7.3%	—	59522J103
CBRE	CBRE Group	49,994	$2.317M	0.1%	$109.03	0.0%	—	12504L109
CCI	Crown Castle Inc	15,776	$1.872M	0.1%	$90.85	+12.3%	—	22822V101
EPRT	Essential Properties Realty	48,043	$1.641M	0.1%	$29.89	—	—	29670E107
PCH	Potlach Corp	35,840	$1.615M	0.1%	$47.74	—	—	737630103
HLT	Hilton, Inc.	3,488	$804K	0.1%	$105.16	+105.1%	—	43300A203
ESS	Essex Property Trust, Inc.	2,099	$620K	0.0%	$203.90	+34.8%	—	297178105
CDP	COPT Defense Properties	18,353	$557K	0.0%	$30.35	—	—	22002T108