Q1 2026 · 13F-HR
Adelante Capital Management LLCholdings as filed
Filed 2026-05-18 · accession 0001067926-26-000004
$1.46B
Reported value
42
Positions
2026-03-31
Period end
The Brief · Adelante Capital Management LLC · Q1 2026
AI · grounded in 13F
Adelante Capital Management LLC closed its position in Veris Residential, Inc. VRE, reducing its exposure by $10.97M. The fund increased its stake in Essential Properties Realty by 58.06% and First Industrial Realty Trust FR by 14.88%. Other notable reductions include trimming positions in American Homes 4 Rent AMH by 30.48% and Vici Properties VICI by 17.10%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 95040Q104 | WELL | Welltower Inc. | $203.5M | 13.9% | 1,029,079 | Common | SOLE |
| 74340W103 | PLD | ProLogis Inc. | $174.7M | 11.9% | 1,321,965 | Common | SOLE |
| 29444U700 | EQIX | Equinix Inc. | $128.6M | 8.79% | 131,207 | Common | SOLE |
| 253868103 | DLR | Digital Realty Trust | $86.2M | 5.89% | 478,296 | Common | SOLE |
| 828806109 | SPG | Simon Property Group, Inc. | $83.8M | 5.73% | 449,333 | Common | SOLE |
| 756109104 | O | Realty Income | $73.0M | 4.99% | 1,193,546 | Common | SOLE |
| 053484101 | AVB | AvalonBay Communities, Inc. | $53.1M | 3.63% | 325,177 | Common | SOLE |
| 29476L107 | EQR | Equity Residential | $52.9M | 3.62% | 894,206 | Common | SOLE |
| 92276F100 | VTR | Ventas, Inc. | $50.4M | 3.45% | 616,206 | Common | SOLE |
| 112463104 | BKD | Brookdale Senior Living | $47.6M | 3.26% | 1,027,392 | Common | NONE |
| 49446R109 | KIM | Kimco Realty Corp. | $42.8M | 2.93% | 1,906,033 | Common | SOLE |
| 46284V101 | IRM | Iron Mountain | $36.5M | 2.49% | 356,934 | Common | SOLE |
| 11120U105 | BRX | Brixmor Property Group | $36.2M | 2.48% | 1,257,485 | Common | SOLE |
| 29472R108 | ELS | Equity Lifestyle Properties | $34.5M | 2.36% | 553,063 | Common | SOLE |
| 925652109 | VICI | Vici Properties | $33.8M | 2.31% | 1,235,626 | Common | NONE |
| 008492100 | ADC | Agree Realty Corporation | $33.2M | 2.27% | 440,181 | Common | SOLE |
| 32054K103 | FR | First Industrial Realty Trust, | $31.5M | 2.15% | 544,609 | Common | SOLE |
| 02665T306 | AMH | American Homes 4 Rent | $25.2M | 1.73% | 903,999 | Common | SOLE |
| 929042109 | VNO | Vornado Realty Trust | $20.7M | 1.42% | 798,184 | Common | NONE |
| 78377T107 | RHP | Ryman Hospitality Properties | $20.2M | 1.38% | 218,849 | Common | SOLE |
| 29670E107 | EPRT | Essential Properties Realty | $19.7M | 1.35% | 650,129 | Common | NONE |
| 59522J103 | MAA | Mid-America Apartment Communit | $19.1M | 1.30% | 156,165 | Common | SOLE |
| 12504L109 | CBRE | CBRE Group | $17.9M | 1.22% | 132,094 | Common | SOLE |
| 015271109 | ARE | Alexandria Real Estate Equitie | $16.6M | 1.13% | 357,450 | Common | SOLE |
| 14174T107 | CTRE | Caretrust REIT Inc | $12.9M | 0.88% | 352,462 | Common | SOLE |
| 601137102 | MRP | Millrose Properties | $12.4M | 0.85% | 443,990 | Common | SOLE |
| 74460D109 | PSA | Public Storage | $11.2M | 0.77% | 265,447 | Common | SOLE |
| 46124J201 | IVT | Inventrust Properties | $10.1M | 0.69% | 330,036 | Common | NONE |
| 03027X100 | AMT | American Tower Corp. | $9.4M | 0.64% | 54,289 | Common | SOLE |
| 277276101 | EGP | Eastgroup Properties | $8.8M | 0.60% | 47,333 | Common | SOLE |
| 554382101 | MAC | The Macerich Company | $8.1M | 0.56% | 430,485 | Common | NONE |
| 03064D108 | COLD | Americold Realty Trust | $7.7M | 0.53% | 670,972 | Common | NONE |
| 471024109 | JAN | Janus Living Inc | $7.3M | 0.50% | 309,963 | Common | SOLE |
| 512816109 | LAMR | Lamar Advertising Co-A | $6.6M | 0.45% | 52,290 | Common | SOLE |
| 866674104 | SUI | Sun Communities, Inc. | $4.1M | 0.28% | 32,940 | Common | NONE |
| 15202L107 | CSR | Centerspace | $4.1M | 0.28% | 72,201 | Common | NONE |
| 101121101 | BXP | BXP, Inc. | $4.1M | 0.28% | 78,363 | Common | SOLE |
| 30225T102 | EXR | Extra Space Storage, Inc. | $3.9M | 0.27% | 196,160 | Common | SOLE |
| 78440X887 | SLG | SL Green Realty Corp. | $3.9M | 0.27% | 104,960 | Common | SOLE |
| 22822V101 | CCI | Crown Castle Inc | $3.2M | 0.22% | 38,976 | Common | SOLE |
| 754907103 | RYN | Rayonier Inc | $1.6M | 0.11% | 78,915 | Common | SOLE |
| 43300A203 | HLT | Hilton, Inc. | $1.2M | 0.08% | 60,851 | 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.