Adelante Capital Management LLC — 13F Holdings & Portfolio
CIK 1067926 · latest 13F-HR filed 2026-08-17
Adelante Capital Management LLC manages $1.52B in 13F-reported U.S. long-equity assets across 42 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are WELL (14.51%), PLD (11.35%), EQIX (8.49%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions, exited 5, added to 18, and trimmed 9.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 201
ALAMEDA, CA 94501
$1.52B
Long-equity book
42
Distinct positions
2026-06-30
Filed 2026-08-17
+5 / −5 / ↑18 / ↓9
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Extra Space Storage, Inc.$23.7M +609.3%
- Welltower Inc.$17.3M +8.5%
- Lamar Advertising Co-A$12.5M +188.7%
- Simon Property Group, Inc.$9.5M +11.3%
- Caretrust REIT Inc$9.1M +70.4%
Top Trims
- Brookdale Senior Living-$39.5M -83.0%
- Kimco Realty Corp.-$24.1M -56.3%
- First Industrial Realty Trust,-$20.1M -63.8%
- Alexandria Real Estate Equitie-$13.0M -78.2%
- CBRE Group-$11.7M -65.5%
New Positions
- Federal Realty Investment Trus$27.5M
- Healthpeak Properties$21.6M
- Essex Property Trust, Inc.$19.8M
- SBA Communications$2.7M
- Weyerhauser$1.5M
Exited Positions
- Americold Realty Trust$7.7M
- Sun Communities, Inc.$4.1M
- Centerspace$4.1M
- Crown Castle Inc$3.2M
- Rayonier Inc$1.6M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Welltower Inc. | WELL | 95040Q104 | $220.7M | 14.51% | 972,469 | SH |
| 2 | ProLogis Inc. | PLD | 74340W103 | $172.7M | 11.35% | 1,274,473 | SH |
| 3 | Equinix Inc. | EQIX | 29444U700 | $129.2M | 8.49% | 123,901 | SH |
| 4 | Simon Property Group, Inc. | SPG | 828806109 | $93.3M | 6.13% | 417,092 | SH |
| 5 | Digital Realty Trust | DLR | 253868103 | $87.5M | 5.75% | 487,419 | SH |
| 6 | Realty Income | O | 756109104 | $72.1M | 4.74% | 1,163,890 | SH |
| 7 | AvalonBay Communities, Inc. | AVB | 053484101 | $55.0M | 3.62% | 291,487 | SH |
| 8 | Ventas, Inc. | VTR | 92276F100 | $52.7M | 3.47% | 593,888 | SH |
| 9 | Equity Residential | EQR | 29476L107 | $49.1M | 3.23% | 723,095 | SH |
| 10 | Iron Mountain | IRM | 46284V101 | $41.1M | 2.70% | 325,641 | SH |
| 11 | Equity Lifestyle Properties | ELS | 29472R108 | $39.6M | 2.61% | 615,154 | SH |
| 12 | Brixmor Property Group | BRX | 11120U105 | $36.2M | 2.38% | 1,148,695 | SH |
| 13 | Vici Properties | VICI | 925652109 | $35.5M | 2.34% | 1,338,445 | SH |
| 14 | Agree Realty Corporation | ADC | 008492100 | $32.6M | 2.14% | 430,209 | SH |
| 15 | American Homes 4 Rent | AMH | 02665T306 | $28.4M | 1.86% | 846,202 | SH |
| 16 | Extra Space Storage, Inc. | EXR | 30225T102 | $27.6M | 1.81% | 189,610 | SH |
| 17 | Federal Realty Investment Trus | FRT | 313745101 | $27.5M | 1.81% | 222,622 | SH |
| 18 | Vornado Realty Trust | VNO | 929042109 | $27.0M | 1.78% | 687,780 | SH |
| 19 | Ryman Hospitality Properties | RHP | 78377T107 | $25.7M | 1.69% | 199,884 | SH |
| 20 | Caretrust REIT Inc | CTRE | 14174T107 | $22.0M | 1.45% | 545,493 | SH |
| 21 | Mid-America Apartment Communit | MAA | 59522J103 | $21.9M | 1.44% | 157,364 | SH |
| 22 | Healthpeak Properties | DOC | 42250P103 | $21.6M | 1.42% | 1,009,623 | SH |
| 23 | Essex Property Trust, Inc. | ESS | 297178105 | $19.8M | 1.30% | 67,992 | SH |
| 24 | Lamar Advertising Co-A | LAMR | 512816109 | $19.1M | 1.26% | 122,594 | SH |
| 25 | Kimco Realty Corp. | KIM | 49446R109 | $18.7M | 1.23% | 739,084 | SH |
| 26 | Essential Properties Realty | EPRT | 29670E107 | $16.4M | 1.08% | 549,615 | SH |
| 27 | Janus Living Inc | JAN | 471024109 | $15.6M | 1.03% | 544,072 | SH |
| 28 | Inventrust Properties | IVT | 46124J201 | $13.4M | 0.88% | 378,545 | SH |
| 29 | The Macerich Company | MAC | 554382101 | $12.6M | 0.83% | 499,198 | SH |
| 30 | Millrose Properties | MRP | 601137102 | $12.3M | 0.81% | 410,847 | SH |
| 31 | First Industrial Realty Trust, | FR | 32054K103 | $11.4M | 0.75% | 576,611 | SH |
| 32 | Public Storage | PSA | 74460D109 | $10.3M | 0.68% | 245,064 | SH |
| 33 | Eastgroup Properties | EGP | 277276101 | $8.9M | 0.59% | 43,962 | SH |
| 34 | American Tower Corp. | AMT | 03027X100 | $8.5M | 0.56% | 52,165 | SH |
| 35 | Brookdale Senior Living | BKD | 112463104 | $8.1M | 0.53% | 504,410 | SH |
| 36 | CBRE Group | CBRE | 12504L109 | $6.2M | 0.41% | 133,209 | SH |
| 37 | BXP, Inc. | BXP | 101121101 | $5.6M | 0.37% | 84,018 | SH |
| 38 | SL Green Realty Corp. | SLG | 78440X887 | $5.5M | 0.36% | 106,160 | SH |
| 39 | Alexandria Real Estate Equitie | ARE | 015271109 | $3.6M | 0.24% | 68,285 | SH |
| 40 | SBA Communications | SBAC | 78410G104 | $2.7M | 0.18% | 15,505 | SH |
| 41 | Weyerhauser | WY | 962166104 | $1.5M | 0.10% | 64,703 | SH |
| 42 | Hilton, Inc. | HLT | 43300A203 | $1.5M | 0.10% | 72,219 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-17 | $1.52B | 42 | 0001067926-26-000005 |
| 2026-03-31 | 2026-05-18 | $1.46B | 42 | 0001067926-26-000004 |
| 2025-12-31 | 2026-02-18 | $1.48B | 42 | 0001067926-26-000003 |
| 2025-09-30 | 2025-11-17 | $1.50B | 43 | 0001067926-25-000009 |