13F HOLDINGS REPORT
Adelante Capital Management LLC
Quarter ended Q3 2025 · Filed November 17, 2025 · Accession 0001067926-25-000009
Total Value
$1.50B
Positions
43
Other Managers
0
Confidential Omitted
No
Holdings (43)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Welltower Inc. | WELL | 979,382 | $174.5M | 11.67% |
| 2 | ProLogis Inc. | PLDGP | 1,272,288 | $145.7M | 9.74% |
| 3 | Equinix Inc. | EQIX | 125,234 | $98.1M | 6.56% |
| 4 | Simon Property Group, Inc. | 828806109 | 449,344 | $84.3M | 5.64% |
| 5 | Digital Realty Trust | 253868103 | 463,235 | $80.1M | 5.35% |
| 6 | Realty Income | O | 1,135,259 | $69.0M | 4.61% |
| 7 | Public Storage | PSA-PS | 235,117 | $67.9M | 4.54% |
| 8 | AvalonBay Communities, Inc. | AWX | 340,288 | $65.7M | 4.40% |
| 9 | Equity Residential | EQR | 878,252 | $56.8M | 3.80% |
| 10 | Vici Properties | 925652109 | 1,521,457 | $49.6M | 3.32% |
| 11 | Brookdale Senior Living | 112463104 | 1,013,181 | $47.0M | 3.14% |
| 12 | Ventas, Inc. | VTR | 661,909 | $46.3M | 3.10% |
| 13 | Kimco Realty Corp. | 49446R109 | 2,000,750 | $43.7M | 2.92% |
| 14 | Iron Mountain | 46284V101 | 386,285 | $39.4M | 2.63% |
| 15 | Equity Lifestyle Properties | 29472R108 | 634,055 | $38.5M | 2.57% |
| 16 | Agree Realty Corporation | 008492100 | 441,605 | $31.4M | 2.10% |
| 17 | Brixmor Property Group | 11120U105 | 1,113,830 | $30.8M | 2.06% |
| 18 | American Homes 4 Rent | AMH-PG | 912,001 | $30.3M | 2.03% |
| 19 | Healthpeak Properties | DOC | 1,305,556 | $26.5M | 1.77% |
| 20 | Host Hotels & Resorts, Inc. | HST | 1,343,133 | $22.9M | 1.53% |
| 21 | BXP, Inc. | BXP | 285,339 | $21.2M | 1.42% |
| 22 | First Industrial Realty Trust, | 32054K103 | 397,648 | $20.5M | 1.37% |
| 23 | Mid-America Apartment Communit | 59522J103 | 117,764 | $16.5M | 1.10% |
| 24 | Terreno Realty Corp | 88146M101 | 283,173 | $16.1M | 1.07% |
| 25 | Ryman Hospitality Properties | 78377T107 | 171,496 | $15.4M | 1.03% |
| 26 | Essential Properties Realty | 29670E107 | 506,994 | $15.1M | 1.01% |
| 27 | Vornado Realty Trust | 929042109 | 370,941 | $15.0M | 1.01% |
| 28 | Invitation Homes Inc | INVH | 478,893 | $14.0M | 0.94% |
| 29 | Kilroy Realty | 49427F108 | 327,909 | $13.9M | 0.93% |
| 30 | Eastgroup Properties | 277276101 | 75,778 | $12.8M | 0.86% |
| 31 | Caretrust REIT Inc | CTRE | 340,197 | $11.8M | 0.79% |
| 32 | Veris Residential, Inc. | VRE | 752,225 | $11.4M | 0.76% |
| 33 | American Tower Corp. | 03027X100 | 57,567 | $11.1M | 0.74% |
| 34 | Inventrust Properties | 46124J201 | 335,032 | $9.6M | 0.64% |
| 35 | Cousins Properties, Inc. | 222795502 | 289,203 | $8.4M | 0.56% |
| 36 | Americold Realty Trust | COLD | 574,892 | $7.0M | 0.47% |
| 37 | Alexandria Real Estate Equitie | 015271109 | 72,405 | $6.0M | 0.40% |
| 38 | Lamar Advertising Co-A | LAMR | 47,825 | $5.9M | 0.39% |
| 39 | Extra Space Storage, Inc. | EXR | 238,341 | $4.7M | 0.32% |
| 40 | CBRE Group | CBRE | 26,465 | $4.2M | 0.28% |
| 41 | Crown Castle Inc | CCI | 42,486 | $4.1M | 0.27% |
| 42 | Potlach Corp | 737630103 | 53,345 | $2.2M | 0.15% |
| 43 | Omega Healthcare Investors | 681936100 | 8,357 | $352,833 | 0.02% |