Adelante Capital Management LLC
CIK 0001067926
Annualised vol
18.247154%
Beta
0.571851
HHI
603.964614
Top-10 weight
64.00057%
VaR 95%
1.646248%
VaR 99%
3.149192%
Max drawdown
36.663027%
Matched value
88.087069%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| WELL | REDUCED | 972,469 | 1,029,079 | -5.5% | 220,721,194 |
| PLD | REDUCED | 1,274,473 | 1,321,965 | -3.59% | 172,652,546 |
| EQIX | REDUCED | 123,901 | 131,207 | -5.57% | 129,153,523 |
| SPG | REDUCED | 417,092 | 449,333 | -7.18% | 93,282,206 |
| DLR | ADDED | 487,419 | 478,296 | 1.91% | 87,530,906 |
| O | REDUCED | 1,163,890 | 1,193,546 | -2.48% | 72,114,766 |
| VTR | REDUCED | 593,888 | 616,206 | -3.62% | 52,736,858 |
| IRM | REDUCED | 325,641 | 356,934 | -8.77% | 41,131,393 |
| ELS | ADDED | 615,154 | 553,063 | 11.23% | 39,646,711 |
| BRX | REDUCED | 1,148,695 | 1,257,485 | -8.65% | 36,218,540 |
| VICI | ADDED | 1,338,445 | 1,235,626 | 8.32% | 35,535,654 |
| ADC | REDUCED | 430,209 | 440,181 | -2.27% | 32,583,857 |
| AMH | REDUCED | 846,202 | 903,999 | -6.39% | 28,364,765 |
| EXR | REDUCED | 189,610 | 196,160 | -3.34% | 27,550,276 |
| VNO | REDUCED | 687,780 | 798,184 | -13.83% | 27,030,047 |
| RHP | REDUCED | 199,884 | 218,849 | -8.67% | 25,694,739 |
| CTRE | ADDED | 545,493 | 352,462 | 54.77% | 22,010,785 |
| DOC | NEW | 1,009,623 | - | - | 21,605,458 |
| ESS | NEW | 67,992 | - | - | 19,826,023 |
| LAMR | ADDED | 122,594 | 52,290 | 134.45% | 19,122,343 |
| KIM | REDUCED | 739,084 | 1,906,033 | -61.22% | 18,736,000 |
| EPRT | REDUCED | 549,615 | 650,129 | -15.46% | 16,406,000 |
| JAN | ADDED | 544,072 | 309,963 | 75.53% | 15,636,561 |
| IVT | ADDED | 378,545 | 330,036 | 14.7% | 13,400,200 |
| MRP | REDUCED | 410,847 | 443,990 | -7.46% | 12,345,771 |
| FR | ADDED | 576,611 | 544,609 | 5.88% | 11,416,898 |
| PSA | REDUCED | 245,064 | 265,447 | -7.68% | 10,346,602 |
| EGP | REDUCED | 43,962 | 47,333 | -7.12% | 8,904,000 |
| BKD | REDUCED | 504,410 | 1,027,392 | -50.9% | 8,116,080 |
| CBRE | ADDED | 133,209 | 132,094 | 0.84% | 6,174,237 |
| BXP | ADDED | 84,018 | 78,363 | 7.22% | 5,571,000 |
| SLG | ADDED | 106,160 | 104,960 | 1.14% | 5,496,000 |
| SBAC | NEW | 15,505 | - | - | 2,736,000 |
| COLD | CLOSED OUT | 0 | 670,972 | -100.0% | 0 |
| RYN | CLOSED OUT | 0 | 78,915 | -100.0% | 0 |
| CSR | CLOSED OUT | 0 | 72,201 | -100.0% | 0 |
| CCI | CLOSED OUT | 0 | 38,976 | -100.0% | 0 |
| SUI | CLOSED OUT | 0 | 32,940 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| WELL | REDUCED | Welltower Inc. | COM | 95040Q104 | 220,721,194 | 14.51 | 972469.0 |
| PLD | REDUCED | ProLogis Inc. | COM | 74340W103 | 172,652,546 | 11.35 | 1274473.0 |
| EQIX | REDUCED | Equinix Inc. | COM | 29444U700 | 129,153,523 | 8.49 | 123901.0 |
| SPG | REDUCED | Simon Property Group, Inc. | COM | 828806109 | 93,282,206 | 6.13 | 417092.0 |
| DLR | ADDED | Digital Realty Trust | COM | 253868103 | 87,530,906 | 5.75 | 487419.0 |
| O | REDUCED | Realty Income | COM | 756109104 | 72,114,766 | 4.74 | 1163890.0 |
| - | AvalonBay Communities, Inc. | COM | 053484101 | 55,000,778 | 3.62 | 291487.0 | |
| VTR | REDUCED | Ventas, Inc. | COM | 92276F100 | 52,736,858 | 3.47 | 593888.0 |
| - | Equity Residential | COM | 29476L107 | 49,119,870 | 3.23 | 723095.0 | |
| IRM | REDUCED | Iron Mountain | COM | 46284V101 | 41,131,393 | 2.7 | 325641.0 |
| ELS | ADDED | Equity Lifestyle Properties | COM | 29472R108 | 39,646,711 | 2.61 | 615154.0 |
| BRX | REDUCED | Brixmor Property Group | COM | 11120U105 | 36,218,540 | 2.38 | 1148695.0 |
| VICI | ADDED | Vici Properties | COM | 925652109 | 35,535,654 | 2.34 | 1338445.0 |
| ADC | REDUCED | Agree Realty Corporation | COM | 008492100 | 32,583,857 | 2.14 | 430209.0 |
| AMH | REDUCED | American Homes 4 Rent | COM | 02665T306 | 28,364,765 | 1.86 | 846202.0 |
| EXR | REDUCED | Extra Space Storage, Inc. | COM | 30225T102 | 27,550,276 | 1.81 | 189610.0 |
| - | Federal Realty Investment Trus | COM | 313745101 | 27,480,152 | 1.81 | 222622.0 | |
| VNO | REDUCED | Vornado Realty Trust | COM | 929042109 | 27,030,047 | 1.78 | 687780.0 |
| RHP | REDUCED | Ryman Hospitality Properties | COM | 78377T107 | 25,694,739 | 1.69 | 199884.0 |
| CTRE | ADDED | Caretrust REIT Inc | COM | 14174T107 | 22,010,785 | 1.45 | 545493.0 |
| - | Mid-America Apartment Communit | COM | 59522J103 | 21,864,519 | 1.44 | 157364.0 | |
| DOC | NEW | Healthpeak Properties | COM | 42250P103 | 21,605,458 | 1.42 | 1009623.0 |
| ESS | NEW | Essex Property Trust, Inc. | COM | 297178105 | 19,826,023 | 1.3 | 67992.0 |
| LAMR | ADDED | Lamar Advertising Co-A | COM | 512816109 | 19,122,343 | 1.26 | 122594.0 |
| KIM | REDUCED | Kimco Realty Corp. | COM | 49446R109 | 18,736,000 | 1.23 | 739084.0 |
| EPRT | REDUCED | Essential Properties Realty | COM | 29670E107 | 16,406,000 | 1.08 | 549615.0 |
| JAN | ADDED | Janus Living Inc | COM | 471024109 | 15,636,561 | 1.03 | 544072.0 |
| IVT | ADDED | Inventrust Properties | COM | 46124J201 | 13,400,200 | 0.88 | 378545.0 |
| - | The Macerich Company | COM | 554382101 | 12,574,621 | 0.83 | 499198.0 | |
| MRP | REDUCED | Millrose Properties | COM | 601137102 | 12,345,771 | 0.81 | 410847.0 |
| FR | ADDED | First Industrial Realty Trust, | COM | 32054K103 | 11,416,898 | 0.75 | 576611.0 |
| PSA | REDUCED | Public Storage | COM | 74460D109 | 10,346,602 | 0.68 | 245064.0 |
| EGP | REDUCED | Eastgroup Properties | COM | 277276101 | 8,904,000 | 0.59 | 43962.0 |
| - | American Tower Corp. | COM | 03027X100 | 8,533,000 | 0.56 | 52165.0 | |
| BKD | REDUCED | Brookdale Senior Living | COM | 112463104 | 8,116,080 | 0.53 | 504410.0 |
| CBRE | ADDED | CBRE Group | COM | 12504L109 | 6,174,237 | 0.41 | 133209.0 |
| BXP | ADDED | BXP, Inc. | COM | 101121101 | 5,571,000 | 0.37 | 84018.0 |
| SLG | ADDED | SL Green Realty Corp. | COM | 78440X887 | 5,496,000 | 0.36 | 106160.0 |
| - | Alexandria Real Estate Equitie | COM | 015271109 | 3,609,000 | 0.24 | 68285.0 | |
| SBAC | NEW | SBA Communications | COM | 78410G104 | 2,736,000 | 0.18 | 15505.0 |
| - | Weyerhauser | COM | 962166104 | 1,549,000 | 0.1 | 64703.0 | |
| - | Hilton, Inc. | COM | 43300A203 | 1,463,879 | 0.1 | 72219.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-17 | 1,520,992,759 | 42 | 18.247154 | 0.571851 | 36.663027 |
| 2026-03-31 | 2026-05-18 | 1,462,453,363 | 42 | 18.107071 | 0.572817 | 36.090751 |
| 2025-12-31 | 2026-02-18 | 1,484,078,428 | 42 | 17.822977 | 0.558628 | 35.643829 |
| 2025-09-30 | 2025-11-17 | 1,495,633,575 | 43 | 18.106557 | 0.569086 | 35.992792 |
| 2025-03-31 | 2025-05-16 | 1,321,437 | 41 | 17.386776 | 0.548462 | 34.470741 |
| 2024-12-31 | 2025-02-14 | 1,515,229 | 45 | 16.707438 | 0.537809 | 31.935885 |
| 2024-09-30 | 2025-02-24 | 1,548,651 | 42 | 17.701557 | 0.564739 | 34.068219 |