Adelante Capital Management LLC Concentrated Active

CIK: 0001067926 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 15, 2025

Total Value ($000): $1,359 (100.0% shares, 0.0% debt)

Holdings (42)

WELL Welltower Inc. 11.1%

Value ($000) $151 Shares 981,590 Est. Cost $59.86 Unrealized +147.0%

EQIX Equinix Inc. 8.2%

Value ($000) $111 Shares 140,006 Est. Cost $389.34 Unrealized +114.6%

PSA Public Storage 5.3%

Value ($000) $72 Shares 244,857 Est. Cost $267.06 Unrealized +7.6%

DLR Digital Realty Trust 5.2%

Value ($000) $71 Shares 407,136 Est. Cost $122.02 Unrealized +31.3%

AVB AvalonBay Communities, Inc. 5.1%

Value ($000) $70 Shares 341,855 Est. Cost $167.85 Unrealized +18.6%

O Realty Income 4.6%

Value ($000) $62 Shares 1,081,406 Est. Cost $52.84 Unrealized +3.1%

— Hudson Pacific Properties 4.4%

Value ($000) $60 Shares 3,043,383 Est. Cost $0.02 Unrealized —

SPG Simon Property Group, Inc. 4.4%

Value ($000) $59 Shares 368,002 Est. Cost $101.91 Unrealized +49.9%

VICI Vici Properties 3.9%

Value ($000) $53 Shares 1,631,912 Est. Cost $29.07 Unrealized +5.0%

EQR Equity Residential 3.9%

Value ($000) $53 Shares 780,332 Est. Cost $44.48 Unrealized +49.8%

KIM Kimco Realty Corp. 3.3%

Value ($000) $45 Shares 2,134,766 Est. Cost $16.16 Unrealized +24.2%

ELS Equity Lifestyle Properties 3.1%

Value ($000) $42 Shares 674,425 Est. Cost $28.22 Unrealized —

IRM Iron Mountain 3.0%

Value ($000) $41 Shares 403,205 Est. Cost $101.32 Unrealized -9.3%

VTR Ventas, Inc. 2.9%

Value ($000) $39 Shares 613,415 Est. Cost $49.52 Unrealized +29.2%

EXR Extra Space Storage, Inc. 2.6%

Value ($000) $36 Shares 243,070 Est. Cost $86.29 Unrealized +63.3%

EGP Eastgroup Properties 2.4%

Value ($000) $32 Shares 191,849 Est. Cost $30.53 Unrealized —

ADC Agree Realty Corporation 2.3%

Value ($000) $31 Shares 427,610 Est. Cost $0.08 Unrealized —

AMH American Homes 4 Rent 2.2%

Value ($000) $30 Shares 830,542 Est. Cost $19.22 Unrealized —

CUZ Cousins Properties, Inc. 2.0%

Value ($000) $27 Shares 902,912 Est. Cost $0.03 Unrealized —

REG Regency Centers Corp. 2.0%

Value ($000) $27 Shares 376,117 Est. Cost $69.71 Unrealized -0.4%

RHP Ryman Hospitality Properties 1.9%

Value ($000) $26 Shares 260,178 Est. Cost $44.22 Unrealized —

PLD ProLogis Inc. 1.5%

Value ($000) $21 Shares 1,167,878 Est. Cost $61.94 Unrealized +65.2%

MAA Mid-America Apartment Commun 1.4%

Value ($000) $19 Shares 128,589 Est. Cost $142.82 Unrealized +6.8%

FR First Industrial Realty Trus 1.4%

Value ($000) $19 Shares 394,445 Est. Cost $6.35 Unrealized —

EPRT Essential Properties Realty 1.1%

Value ($000) $16 Shares 487,395 Est. Cost $0.03 Unrealized —

ARE Alexandria Real Estate Equit 1.1%

Value ($000) $15 Shares 202,726 Est. Cost $86.18 Unrealized -17.9%

AMT American Tower Corp. 1.0%

Value ($000) $14 Shares 62,998 Est. Cost $159.63 Unrealized +31.8%

VNO Vornado Realty Trust 1.0%

Value ($000) $14 Shares 361,948 Est. Cost $0.03 Unrealized —

DOC Healthpeak Properties 1.0%

Value ($000) $14 Shares 771,586 Est. Cost $19.08 Unrealized -10.9%

VRE Veris Residential, Inc. 0.8%

Value ($000) $11 Shares 737,945 Est. Cost $0.02 Unrealized —

MAR Marriott International-CL A 0.8%

Value ($000) $11 Shares 38,637 Est. Cost $189.79 Unrealized +31.3%

IVT Inventrust Properties 0.7%

Value ($000) $10 Shares 364,286 Est. Cost $0.03 Unrealized —

INVH Invitation Homes Inc 0.7%

Value ($000) $9 Shares 467,453 Est. Cost $28.08 Unrealized +16.1%

BXP BXP, Inc. 0.7%

Value ($000) $9 Shares 131,341 Est. Cost $71.67 Unrealized -10.1%

SKT Tanger Factory Outlet Center 0.6%

Value ($000) $8 Shares 268,040 Est. Cost $0.03 Unrealized —

COLD Americold Realty Trust 0.6%

Value ($000) $8 Shares 469,411 Est. Cost $0.03 Unrealized —

BKD Brookdale Senior Living 0.6%

Value ($000) $8 Shares 1,119,470 Est. Cost $6.69 Unrealized -2.7%

OHI Omega Healthcare Investors 0.4%

Value ($000) $5 Shares 148,205 Est. Cost $0.04 Unrealized —

LAMR Lamar Advertising Co-A 0.4%

Value ($000) $5 Shares 42,589 Est. Cost $75.99 Unrealized —

SBAC SBA Communications 0.2%

Value ($000) $3 Shares 13,765 Est. Cost $216.56 Unrealized +4.3%

PCH Potlach Corp 0.1%

Value ($000) $2 Shares 48,622 Est. Cost $13.87 Unrealized —

CBRE CBRE Group 0.1%

Value ($000) $1 Shares 27,865 Est. Cost $109.03 Unrealized +16.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WELL	Welltower Inc.	981,590	$151	11.1%	$59.86	+147.0%	COM	95040Q104
EQIX	Equinix Inc.	140,006	$111	8.2%	$389.34	+114.6%	COM	29444U700
PSA	Public Storage	244,857	$72	5.3%	$267.06	+7.6%	COM	74460D109
DLR	Digital Realty Trust	407,136	$71	5.2%	$122.02	+31.3%	COM	253868103
AVB	AvalonBay Communities, Inc.	341,855	$70	5.1%	$167.85	+18.6%	COM	053484101
O	Realty Income	1,081,406	$62	4.6%	$52.84	+3.1%	COM	756109104
—	Hudson Pacific Properties	3,043,383	$60	4.4%	$0.02	—	COM	444097109
SPG	Simon Property Group, Inc.	368,002	$59	4.4%	$101.91	+49.9%	COM	828806109
VICI	Vici Properties	1,631,912	$53	3.9%	$29.07	+5.0%	COM	925652109
EQR	Equity Residential	780,332	$53	3.9%	$44.48	+49.8%	COM	29476L107
KIM	Kimco Realty Corp.	2,134,766	$45	3.3%	$16.16	+24.2%	COM	49446R109
ELS	Equity Lifestyle Properties	674,425	$42	3.1%	$28.22	—	COM	29472R108
IRM	Iron Mountain	403,205	$41	3.0%	$101.32	-9.3%	COM	46284V101
VTR	Ventas, Inc.	613,415	$39	2.9%	$49.52	+29.2%	COM	92276F100
EXR	Extra Space Storage, Inc.	243,070	$36	2.6%	$86.29	+63.3%	COM	30225T102
EGP	Eastgroup Properties	191,849	$32	2.4%	$30.53	—	COM	277276101
ADC	Agree Realty Corporation	427,610	$31	2.3%	$0.08	—	COM	008492100
AMH	American Homes 4 Rent	830,542	$30	2.2%	$19.22	—	COM	02665T306
CUZ	Cousins Properties, Inc.	902,912	$27	2.0%	$0.03	—	COM	222795502
REG	Regency Centers Corp.	376,117	$27	2.0%	$69.71	-0.4%	COM	758849103
RHP	Ryman Hospitality Properties	260,178	$26	1.9%	$44.22	—	COM	78377T107
PLD	ProLogis Inc.	1,167,878	$21	1.5%	$61.94	+65.2%	COM	74340W103
MAA	Mid-America Apartment Commun	128,589	$19	1.4%	$142.82	+6.8%	COM	59522J103
FR	First Industrial Realty Trus	394,445	$19	1.4%	$6.35	—	COM	32054K103
EPRT	Essential Properties Realty	487,395	$16	1.1%	$0.03	—	COM	29670E107
ARE	Alexandria Real Estate Equit	202,726	$15	1.1%	$86.18	-17.9%	COM	015271109
AMT	American Tower Corp.	62,998	$14	1.0%	$159.63	+31.8%	COM	03027X100
VNO	Vornado Realty Trust	361,948	$14	1.0%	$0.03	—	COM	929042109
DOC	Healthpeak Properties	771,586	$14	1.0%	$19.08	-10.9%	COM	42250P103
VRE	Veris Residential, Inc.	737,945	$11	0.8%	$0.02	—	COM	554489104
MAR	Marriott International-CL A	38,637	$11	0.8%	$189.79	+31.3%	COM	571903202
IVT	Inventrust Properties	364,286	$10	0.7%	$0.03	—	COM	46124J201
INVH	Invitation Homes Inc	467,453	$9	0.7%	$28.08	+16.1%	COM	46187W107
BXP	BXP, Inc.	131,341	$9	0.7%	$71.67	-10.1%	COM	101121101
SKT	Tanger Factory Outlet Center	268,040	$8	0.6%	$0.03	—	COM	875465106
COLD	Americold Realty Trust	469,411	$8	0.6%	$0.03	—	COM	03064D108
BKD	Brookdale Senior Living	1,119,470	$8	0.6%	$6.69	-2.7%	COM	112463104
OHI	Omega Healthcare Investors	148,205	$5	0.4%	$0.04	—	COM	681936100
LAMR	Lamar Advertising Co-A	42,589	$5	0.4%	$75.99	—	COM	512816109
SBAC	SBA Communications	13,765	$3	0.2%	$216.56	+4.3%	COM	78410G104
PCH	Potlach Corp	48,622	$2	0.1%	$13.87	—	COM	737630103
CBRE	CBRE Group	27,865	$1	0.1%	$109.03	+16.0%	COM	12504L109