Q2 2025 · 13F-HR
Adelante Capital Management LLCholdings as filed
Filed 2025-08-15 · accession 0001067926-25-000008
$1.4M
Reported value
42
Positions
2025-06-30
Period end
The Brief · Adelante Capital Management LLC · Q2 2025
AI · grounded in 13F
Adelante Capital Management LLC established a new position in Welltower Inc. WELL valued at $150,899. The fund also initiated stakes in Equinix Inc. EQIX for $111,371 and Public Storage PSA for $71,846. Additional new positions include Digital Realty Trust DLR and AvalonBay Communities, Inc. AVB.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 95040Q104 | WELL | Welltower Inc. | $150,899 | 11.1% | 981,590 | Common | SOLE |
| 29444U700 | EQIX | Equinix Inc. | $111,371 | 8.20% | 140,006 | Common | SOLE |
| 74460D109 | PSA | Public Storage | $71,846 | 5.29% | 244,857 | Common | SOLE |
| 253868103 | DLR | Digital Realty Trust | $70,977 | 5.22% | 407,136 | Common | SOLE |
| 053484101 | AVB | AvalonBay Communities, Inc. | $69,568 | 5.12% | 341,855 | Common | SOLE |
| 756109104 | O | Realty Income | $62,300 | 4.59% | 1,081,406 | Common | SOLE |
| 444097109 | — | Hudson Pacific Properties | $60,259 | 4.44% | 3,043,383 | Common | NONE |
| 828806109 | SPG | Simon Property Group, Inc. | $59,160 | 4.35% | 368,002 | Common | SOLE |
| 925652109 | VICI | Vici Properties | $53,200 | 3.92% | 1,631,912 | Common | SOLE |
| 29476L107 | EQR | Equity Residential | $52,665 | 3.88% | 780,332 | Common | SOLE |
| 49446R109 | KIM | Kimco Realty Corp. | $44,873 | 3.30% | 2,134,766 | Common | SOLE |
| 29472R108 | ELS | Equity Lifestyle Properties | $41,592 | 3.06% | 674,425 | Common | SOLE |
| 46284V101 | IRM | Iron Mountain | $41,356 | 3.04% | 403,205 | Common | SOLE |
| 92276F100 | VTR | Ventas, Inc. | $38,737 | 2.85% | 613,415 | Common | SOLE |
| 30225T102 | EXR | Extra Space Storage, Inc. | $35,838 | 2.64% | 243,070 | Common | SOLE |
| 277276101 | EGP | Eastgroup Properties | $32,062 | 2.36% | 191,849 | Common | SOLE |
| 008492100 | ADC | Agree Realty Corporation | $31,241 | 2.30% | 427,610 | Common | SOLE |
| 02665T306 | AMH | American Homes 4 Rent | $29,958 | 2.21% | 830,542 | Common | SOLE |
| 222795502 | CUZ | Cousins Properties, Inc. | $27,115 | 2.00% | 902,912 | Common | SOLE |
| 758849103 | REG | Regency Centers Corp. | $26,791 | 1.97% | 376,117 | Common | SOLE |
| 78377T107 | RHP | Ryman Hospitality Properties | $25,672 | 1.89% | 260,178 | Common | SOLE |
| 74340W103 | PLD | ProLogis Inc. | $20,847 | 1.53% | 1,167,878 | Common | SOLE |
| 59522J103 | MAA | Mid-America Apartment Commun | $19,032 | 1.40% | 128,589 | Common | SOLE |
| 32054K103 | FR | First Industrial Realty Trus | $18,985 | 1.40% | 394,445 | Common | SOLE |
| 29670E107 | EPRT | Essential Properties Realty | $15,553 | 1.14% | 487,395 | Common | NONE |
| 015271109 | ARE | Alexandria Real Estate Equit | $14,724 | 1.08% | 202,726 | Common | SOLE |
| 03027X100 | AMT | American Tower Corp. | $13,924 | 1.02% | 62,998 | Common | SOLE |
| 929042109 | VNO | Vornado Realty Trust | $13,841 | 1.02% | 361,948 | Common | NONE |
| 42250P103 | DOC | Healthpeak Properties | $13,510 | 0.99% | 771,586 | Common | NONE |
| 554489104 | VRE | Veris Residential, Inc. | $10,989 | 0.81% | 737,945 | Common | NONE |
| 571903202 | MAR | Marriott International-CL A | $10,556 | 0.78% | 38,637 | Common | SOLE |
| 46124J201 | IVT | Inventrust Properties | $9,982 | 0.73% | 364,286 | Common | NONE |
| 46187W107 | INVH | Invitation Homes Inc | $9,475 | 0.70% | 467,453 | Common | NONE |
| 101121101 | BXP | BXP, Inc. | $8,862 | 0.65% | 131,341 | Common | SOLE |
| 875465106 | SKT | Tanger Factory Outlet Center | $8,196 | 0.60% | 268,040 | Common | NONE |
| 03064D108 | COLD | Americold Realty Trust | $7,807 | 0.57% | 469,411 | Common | NONE |
| 112463104 | BKD | Brookdale Senior Living | $7,792 | 0.57% | 1,119,470 | Common | NONE |
| 681936100 | OHI | Omega Healthcare Investors | $5,432 | 0.40% | 148,205 | Common | SOLE |
| 512816109 | LAMR | Lamar Advertising Co-A | $5,169 | 0.38% | 42,589 | Common | SOLE |
| 78410G104 | SBAC | SBA Communications | $3,233 | 0.24% | 13,765 | Common | SOLE |
| 737630103 | PCH | Potlach Corp | $1,866 | 0.14% | 48,622 | Common | SOLE |
| 12504L109 | CBRE | CBRE Group | $1,292 | 0.10% | 27,865 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.