Adelante Capital Management LLC

13F filer · CIK 0001067926

Reported Aug 17, 2026

Net seller this quarter

13F portfolio value$1.52BU.S. long equity reported on 13F

Positions425 new · 5 closed

Net flow last quarter-$39.1MBuys minus sells

Top 10 positions weight64.0%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 17, 202642 positions
WELLWelltower Inc.	$221M	14.51%	0.14%	-5.5%	Q3 2015
PLDPrologis, Inc.	$173M	11.35%	0.14%	-3.6%	Q2 2013
EQIXEquinix Inc	$129M	8.49%	0.13%	-5.6%	Q2 2013
SPGSimon Property Group Inc.	$93.3M	6.13%	5213.65%	-7.2%	Q2 2013
DLRDigital Realty Trust, Inc.	$87.5M	5.75%	0.13%	+1.9%	Q2 2013
ORealty Income Corp	$72.1M	4.74%	0.12%	-2.5%	Q2 2016
AVBCAvidia Bancorp, Inc.	$55M	3.62%	1.45%	-10.4%	Q2 2013
VTRVentas, Inc.	$52.7M	3.47%	0.12%	-3.6%	Q2 2013
VMRKVivmark Residential	$49.1M	3.23%	0.19%	-19.1%	Q2 2013
IRMIron Mountain Inc	$41.1M	2.70%	0.11%	-8.8%	Q1 2023
ELSEquity Lifestyle Properties Inc	$39.6M	2.61%	0.32%	+11.2%	Q3 2013
BRXBrixmor Property Group Inc.	$36.2M	2.38%	0.37%	-8.7%	Q4 2013
VICIVici Properties Inc.	$35.5M	2.34%	0.12%	+8.3%	Q1 2018
ADCAgree Realty Corp	$32.6M	2.14%	0.35%	-2.3%	Q4 2024
AMHAmerican Homes 4 Rent	$28.4M	1.86%	Not reported	-6.4%	Q3 2020
EXRExtra Space Storage Inc.	$27.6M	1.81%	0.09%	-3.3%	Q2 2013
FRTFederal Realty Investment Trust	$27.5M	1.81%	0.26%	Not reported	Q2 2013
VNOVornado Realty Trust	$27M	1.78%	0.37%	-13.8%	Q2 2013
RHPRyman Hospitality Properties, Inc.	$25.7M	1.69%	0.32%	-8.7%	Q3 2020
CTRECareTrust REIT, Inc.	$22M	1.45%	0.23%	+54.8%	Q3 2025
MAAMid America Apartment Communities Inc.	$21.9M	1.44%	0.14%	+0.8%	Q2 2018
DOCHealthpeak Properties, Inc.	$21.6M	1.42%	0.15%	Not reported	Q3 2020
ESSEssex Property Trust, Inc.	$19.8M	1.30%	0.11%	Not reported	Q2 2013
LAMRLamar Advertising Co	$19.1M	1.26%	Not reported	+134.5%	Q4 2022
KIMKimco Realty Corp	$18.7M	1.23%	0.11%	-61.2%	Q4 2013
EPRTEssential Properties Realty Trust, Inc.	$16.4M	1.08%	0.25%	-15.5%	Q1 2024
JANJanus Living, Inc.	$15.6M	1.03%	Not reported	+75.5%	Q1 2026
IVTInvenTrust Properties Corp.	$13.4M	0.88%	0.49%	+14.7%	Q3 2023
MACMacerich Co	$12.6M	0.83%	0.18%	+16.0%	Q4 2017
MRPMillrose Properties, Inc.	$12.3M	0.81%	Not reported	-7.5%	Q4 2025
FRFirst Industrial Realty Trust Inc	$11.4M	0.75%	0.43%	+5.9%	Q1 2015
PSAPublic Storage	$10.3M	0.68%	0.14%	-7.7%	Q2 2013
EGPEastgroup Properties Inc	$8.9M	0.59%	0.08%	-7.1%	Q2 2015
AMTAmerican Tower Corp	$8.53M	0.56%	0.01%	-3.9%	Q2 2013
BKDBrookdale Senior Living Inc.	$8.12M	0.53%	0.21%	-50.9%	Q2 2014
CBRECbre Group, Inc.	$6.17M	0.41%	0.05%	+0.8%	Q2 2023
BXPBXP, Inc.	$5.57M	0.37%	0.05%	+7.2%	Q2 2013
SLGSL Green Realty Corp	$5.5M	0.36%	0.15%	+1.1%	Q2 2013
AREAlexandria Real Estate Equities, Inc.	$3.61M	0.24%	0.04%	-80.9%	Q4 2013
SBACSba Communications Corp	$2.74M	0.18%	0.01%	Not reported	Q4 2022
WYWeyerhaeuser Co	$1.55M	0.10%	0.01%	New	Q2 2026
HLTHilton Worldwide Holdings Inc.	$1.46M	0.10%	0.03%	+18.7%	Q3 2015
Q1 2026Reported May 18, 202642 positions
WELLWelltower Inc.	$203M	13.91%	0.15%	+2.3%	Q3 2015
PLDPrologis, Inc.	$175M	11.95%	0.14%	-0.6%	Q2 2013
EQIXEquinix Inc	$129M	8.79%	0.13%	+2.7%	Q2 2013
DLRDigital Realty Trust, Inc.	$86.2M	5.89%	0.14%	+0.4%	Q2 2013
SPGSimon Property Group Inc.	$83.8M	5.73%	5616.66%	-7.0%	Q2 2013
ORealty Income Corp	$73M	4.99%	0.13%	-1.4%	Q2 2016
AVBCAvidia Bancorp, Inc.	$53.1M	3.63%	1.62%	+2.3%	Q2 2013
VMRKVivmark Residential	$52.9M	3.62%	0.24%	+4.5%	Q2 2013
VTRVentas, Inc.	$50.4M	3.45%	0.13%	-11.4%	Q2 2013
BKDBrookdale Senior Living Inc.	$47.6M	3.26%	0.43%	-5.6%	Q2 2014
KIMKimco Realty Corp	$42.8M	2.93%	0.28%	-3.7%	Q4 2013
IRMIron Mountain Inc	$36.5M	2.49%	0.12%	+5.2%	Q1 2023
BRXBrixmor Property Group Inc.	$36.2M	2.48%	0.41%	+0.1%	Q4 2013
ELSEquity Lifestyle Properties Inc	$34.5M	2.36%	0.29%	-4.6%	Q3 2013
VICIVici Properties Inc.	$33.8M	2.31%	0.12%	-17.1%	Q1 2018
ADCAgree Realty Corp	$33.2M	2.27%	0.37%	+0.4%	Q4 2024
FRFirst Industrial Realty Trust Inc	$31.5M	2.15%	0.41%	+14.9%	Q1 2015
AMHAmerican Homes 4 Rent	$25.2M	1.73%	Not reported	-30.5%	Q3 2020
VNOVornado Realty Trust	$20.7M	1.42%	0.42%	+23.2%	Q2 2013
RHPRyman Hospitality Properties, Inc.	$20.2M	1.38%	0.35%	+18.7%	Q3 2020
EPRTEssential Properties Realty Trust, Inc.	$19.7M	1.35%	0.30%	+58.1%	Q1 2024
MAAMid America Apartment Communities Inc.	$19.1M	1.30%	0.13%	+34.9%	Q2 2018
CBRECbre Group, Inc.	$17.9M	1.22%	0.05%	+21.1%	Q2 2023
AREAlexandria Real Estate Equities, Inc.	$16.6M	1.13%	0.21%	-10.0%	Q4 2013
CTRECareTrust REIT, Inc.	$12.9M	0.88%	0.16%	-10.1%	Q3 2025
MRPMillrose Properties, Inc.	$12.4M	0.85%	Not reported	+101.3%	Q4 2025
PSAPublic Storage	$11.2M	0.77%	0.15%	+10.1%	Q2 2013
IVTInvenTrust Properties Corp.	$10.1M	0.69%	0.42%	+0.1%	Q3 2023
AMTAmerican Tower Corp	$9.37M	0.64%	0.01%	-4.5%	Q2 2013
EGPEastgroup Properties Inc	$8.76M	0.60%	0.09%	-30.3%	Q2 2015
MACMacerich Co	$8.14M	0.56%	0.17%	Not reported	Q4 2017
COLDAmericold Realty Trust	$7.69M	0.53%	0.24%	+0.1%	Q3 2018
JANJanus Living, Inc.	$7.31M	0.50%	Not reported	New	Q1 2026
LAMRLamar Advertising Co	$6.62M	0.45%	Not reported	+7.5%	Q4 2022
SUISun Communities Inc	$4.15M	0.28%	0.03%	Not reported	Q1 2016
CSRCenterspace	$4.15M	0.28%	0.43%	+0.2%	Q4 2025
BXPBXP, Inc.	$4.07M	0.28%	0.05%	+4.0%	Q2 2013
EXRExtra Space Storage Inc.	$3.88M	0.27%	0.09%	-11.4%	Q2 2013
SLGSL Green Realty Corp	$3.88M	0.27%	0.15%	+8.4%	Q2 2013
CCICrown Castle Inc.	$3.17M	0.22%	0.01%	-4.8%	Q4 2022
RYNRayonier Inc	$1.63M	0.11%	0.03%	New	Q1 2026
HLTHilton Worldwide Holdings Inc.	$1.23M	0.08%	0.03%	-9.8%	Q3 2015
Q4 2025Reported Feb 18, 202642 positions
WELLWelltower Inc.	$187M	12.58%	0.14%	+2.7%	Q3 2015
PLDPrologis, Inc.	$170M	11.44%	0.14%	+4.6%	Q2 2013
EQIXEquinix Inc	$97.9M	6.60%	0.13%	+2.0%	Q2 2013
SPGSimon Property Group Inc.	$89.4M	6.03%	6038.04%	+7.5%	Q2 2013
DLRDigital Realty Trust, Inc.	$73.7M	4.97%	0.14%	+2.9%	Q2 2013
ORealty Income Corp	$68.2M	4.60%	0.13%	+6.6%	Q2 2016
PSAPublic Storage	$62.6M	4.22%	0.14%	+2.6%	Q2 2013
AVBCAvidia Bancorp, Inc.	$57.6M	3.88%	1.58%	-6.6%	Q2 2013
VMRKVivmark Residential	$53.9M	3.63%	0.23%	-2.6%	Q2 2013
VTRVentas, Inc.	$53.8M	3.62%	0.15%	+5.0%	Q2 2013
BKDBrookdale Senior Living Inc.	$50.5M	3.40%	0.46%	+7.4%	Q2 2014
VICIVici Properties Inc.	$41.9M	2.82%	0.14%	-2.0%	Q1 2018
AMHAmerican Homes 4 Rent	$41.7M	2.81%	Not reported	+42.6%	Q3 2020
KIMKimco Realty Corp	$40.1M	2.70%	0.29%	-1.1%	Q4 2013
ELSEquity Lifestyle Properties Inc	$35.1M	2.37%	0.30%	-8.5%	Q3 2013
BRXBrixmor Property Group Inc.	$33M	2.22%	0.41%	+12.8%	Q4 2013
ADCAgree Realty Corp	$31.6M	2.13%	0.37%	-0.7%	Q4 2024
EXRExtra Space Storage Inc.	$28.8M	1.94%	0.10%	-7.1%	Q2 2013
IRMIron Mountain Inc	$28.1M	1.90%	0.11%	-12.2%	Q1 2023
VNOVornado Realty Trust	$21.6M	1.45%	0.34%	+74.7%	Q2 2013
AREAlexandria Real Estate Equities, Inc.	$19.4M	1.31%	0.23%	+448.7%	Q4 2013
HLTHilton Worldwide Holdings Inc.	$19.4M	1.31%	0.03%	Not reported	Q3 2015
CBRECbre Group, Inc.	$17.5M	1.18%	0.04%	+312.2%	Q2 2023
RHPRyman Hospitality Properties, Inc.	$17.4M	1.18%	0.29%	+7.5%	Q3 2020
MAAMid America Apartment Communities Inc.	$16.1M	1.08%	0.10%	-1.7%	Q2 2018
CTRECareTrust REIT, Inc.	$14.2M	0.95%	0.18%	+15.2%	Q3 2025
EGPEastgroup Properties Inc	$12.1M	0.82%	0.13%	-10.4%	Q2 2015
VREVeris Residential, Inc.	$11M	0.74%	Not reported	-2.0%	Q1 2014
AMTAmerican Tower Corp	$9.98M	0.67%	0.01%	-1.3%	Q2 2013
FRFirst Industrial Realty Trust Inc	$9.61M	0.65%	0.36%	+19.2%	Q1 2015
IVTInvenTrust Properties Corp.	$9.3M	0.63%	0.42%	-1.6%	Q3 2023
COLDAmericold Realty Trust	$8.62M	0.58%	0.24%	+16.6%	Q3 2018
EPRTEssential Properties Realty Trust, Inc.	$8.14M	0.55%	0.20%	-18.9%	Q1 2024
CUZCousins Properties Inc	$7.35M	0.50%	0.17%	-1.4%	Q3 2013
MRPMillrose Properties, Inc.	$6.59M	0.44%	Not reported	New	Q4 2025
LAMRLamar Advertising Co	$6.16M	0.41%	Not reported	+1.7%	Q4 2022
KRCKilroy Realty Corp	$5.12M	0.34%	0.12%	-58.3%	Q2 2013
BXPBXP, Inc.	$5.09M	0.34%	0.05%	-73.6%	Q2 2013
CSRCenterspace	$4.81M	0.32%	0.43%	New	Q4 2025
SLGSL Green Realty Corp	$4.44M	0.30%	0.14%	Not reported	Q2 2013
CCICrown Castle Inc.	$3.64M	0.25%	0.01%	-3.6%	Q4 2022
PCHPotlatch Corp	$1.92M	0.13%	0.06%	-14.9%	Q4 2022
Q3 2025Reported Nov 17, 202543 positions
WELLWelltower Inc.	$174M	11.67%	0.14%	Not reported	Q3 2015
PLDPrologis, Inc.	$146M	9.74%	0.14%	Not reported	Q2 2013
EQIXEquinix Inc	$98.1M	6.56%	0.13%	Not reported	Q2 2013
SPGSimon Property Group Inc.	$84.3M	5.64%	5616.80%	Not reported	Q2 2013
DLRDigital Realty Trust, Inc.	$80.1M	5.35%	0.14%	Not reported	Q2 2013
ORealty Income Corp	$69M	4.61%	0.12%	Not reported	Q2 2016
PSAPublic Storage	$67.9M	4.54%	0.13%	Not reported	Q2 2013
AVBCAvidia Bancorp, Inc.	$65.7M	4.40%	1.70%	Not reported	Q2 2013
VMRKVivmark Residential	$56.8M	3.80%	0.23%	Not reported	Q2 2013
VICIVici Properties Inc.	$49.6M	3.32%	0.14%	Not reported	Q1 2018
BKDBrookdale Senior Living Inc.	$47M	3.14%	0.43%	Not reported	Q2 2014
VTRVentas, Inc.	$46.3M	3.10%	0.14%	Not reported	Q2 2013
KIMKimco Realty Corp	$43.7M	2.92%	0.30%	Not reported	Q4 2013
IRMIron Mountain Inc	$39.4M	2.63%	0.13%	Not reported	Q1 2023
ELSEquity Lifestyle Properties Inc	$38.5M	2.57%	0.33%	Not reported	Q3 2013
ADCAgree Realty Corp	$31.4M	2.10%	0.39%	Not reported	Q4 2024
BRXBrixmor Property Group Inc.	$30.8M	2.06%	0.36%	Not reported	Q4 2013
AMHAmerican Homes 4 Rent	$30.3M	2.03%	Not reported	Not reported	Q3 2020
DOCHealthpeak Properties, Inc.	$26.5M	1.77%	0.19%	Not reported	Q3 2020
HSTHost Hotels & Resorts, Inc.	$22.9M	1.53%	0.20%	Not reported	Q2 2015
BXPBXP, Inc.	$21.2M	1.42%	0.18%	Not reported	Q2 2013
FRFirst Industrial Realty Trust Inc	$20.5M	1.37%	0.30%	Not reported	Q1 2015
MAAMid America Apartment Communities Inc.	$16.5M	1.10%	0.10%	Not reported	Q2 2018
TRNOTerreno Realty Corp	$16.1M	1.07%	0.28%	Not reported	Q2 2013
RHPRyman Hospitality Properties, Inc.	$15.4M	1.03%	0.27%	Not reported	Q3 2020
EPRTEssential Properties Realty Trust, Inc.	$15.1M	1.01%	0.26%	Not reported	Q1 2024
VNOVornado Realty Trust	$15M	1.01%	0.19%	Not reported	Q2 2013
INVHInvitation Homes Inc.	$14M	0.94%	0.08%	Not reported	Q4 2017
KRCKilroy Realty Corp	$13.9M	0.93%	0.28%	Not reported	Q2 2013
EGPEastgroup Properties Inc	$12.8M	0.86%	0.14%	Not reported	Q2 2015
CTRECareTrust REIT, Inc.	$11.8M	0.79%	0.15%	New	Q3 2025
VREVeris Residential, Inc.	$11.4M	0.76%	Not reported	Not reported	Q1 2014
AMTAmerican Tower Corp	$11.1M	0.74%	0.01%	Not reported	Q2 2013
IVTInvenTrust Properties Corp.	$9.59M	0.64%	0.43%	Not reported	Q3 2023
CUZCousins Properties Inc	$8.37M	0.56%	0.17%	Not reported	Q3 2013
COLDAmericold Realty Trust	$7.04M	0.47%	0.20%	Not reported	Q3 2018
AREAlexandria Real Estate Equities, Inc.	$6.03M	0.40%	0.04%	Not reported	Q4 2013
LAMRLamar Advertising Co	$5.86M	0.39%	Not reported	Not reported	Q4 2022
EXRExtra Space Storage Inc.	$4.72M	0.32%	0.11%	Not reported	Q2 2013
CBRECbre Group, Inc.	$4.17M	0.28%	0.01%	Not reported	Q2 2023
CCICrown Castle Inc.	$4.1M	0.27%	0.01%	Not reported	Q4 2022
PCHPotlatch Corp	$2.17M	0.15%	0.07%	Not reported	Q4 2022
OHIOmega Healthcare Investors Inc	$353K	0.02%	0.00%	Not reported	Q3 2016

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