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Adelante Capital Management LLC

Q1 2026 · Filed 2026-05-18
Market Value
$1.5B
-1.5%
Holdings
46
-1
New Purchases
4
Added To
22
Closed
4
Reduced
16
Top 10 Concentration
65.2%
Turnover
17.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EQIX 8.79% 6.60% +2.20% $129M
FR 2.15% 0.65% +1.51% $32M
WELL 13.91% 12.58% +1.33% $203M
DLR 5.89% 4.97% +0.93% $86M
EPRT 1.35% 0.55% +0.80% $20M
IRM 2.49% 1.90% +0.60% $36M
MAC 0.56% 0.00% +0.56% $8M
PLD 11.95% 11.44% +0.50% $175M
JAN 0.50% 0.00% +0.50% $7M
MRP 0.85% 0.44% +0.41% $12M
O 4.99% 4.60% +0.40% $73M
SUI 0.28% 0.00% +0.28% $4M
BRX 2.48% 2.22% +0.26% $36M
KIM 2.93% 2.70% +0.22% $43M
MAA 1.30% 1.08% +0.22% $19M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PSA 0.77% 4.22% -3.45% $11M
EXR 0.27% 1.94% -1.68% $4M
HLT 0.08% 1.31% -1.22% $1M
AMH 1.73% 2.81% -1.09% $25M
VRE 0.00% 0.74% -0.74% $0
VICI 2.31% 2.82% -0.52% $34M
CUZ 0.00% 0.50% -0.50% $0
KRC 0.00% 0.34% -0.34% $0
SPG 5.73% 6.03% -0.29% $84M
AVB 3.63% 3.88% -0.25% $53M
EGP 0.60% 0.82% -0.22% $9M
VTR 3.45% 3.62% -0.18% $50M
ARE 1.13% 1.31% -0.18% $17M
BKD 3.26% 3.40% -0.14% $48M
PCH 0.00% 0.13% -0.13% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 24 $1.2B 79.6%
Mid Cap 20 $294M 20.1%
Small Cap 2 $4M 0.3%

Portfolio Analytics

Avg Market Cap
$28.0B
Median Market Cap
$11.4B
Avg P/E
40.2
Median P/E
28.2
Avg Dividend Yield
0.04%
Avg Beta
0.88
# Stocks
46
# ETFs / Funds
0

Top Holdings (46 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 WELL 13.91% 1,029,079 $203M $197.71 $17M +23,149 +2.3%
2 PLD 11.95% 1,321,965 $175M $132.18 $5M -8,415 -0.6%
3 EQIX 8.79% 131,207 $129M $980.24 $31M +3,434 +2.7%
4 DLR 5.89% 478,296 $86M $180.21 $12M +1,866 +0.4%
5 SPG 5.73% 449,333 $84M $186.53 -$6M -33,710 -7.0%
6 O 4.99% 1,193,546 $73M $61.18 $5M -16,540 -1.4%
7 AVB 3.63% 325,177 $53M $163.35 -$5M +7,271 +2.3%
8 EQR 3.62% 894,206 $53M $59.15 -$1M +38,734 +4.5%
9 VTR 3.45% 616,206 $50M $81.78 -$3M -79,031 -11.4%
10 BKD 3.26% 1,027,392 $48M $46.35 -$3M -61,153 -5.6%
11 KIM 2.93% 1,906,033 $43M $22.47 $3M -73,574 -3.7%
12 IRM 2.49% 356,934 $36M $102.14 $8M +17,707 +5.2%
13 BRX 2.48% 1,257,485 $36M $28.80 $3M +691 +0.1%
14 ELS 2.36% 553,063 $35M $62.42 -$624K -26,817 -4.6%
15 VICI 2.31% 1,235,626 $34M $27.32 -$8M -254,801 -17.1%
16 ADC 2.27% 440,181 $33M $75.38 $2M +1,766 +0.4%
17 FR 2.15% 544,609 $32M $57.85 $22M +70,543 +14.9%
18 AMH 1.73% 903,999 $25M $27.92 -$17M -396,348 -30.5%
19 VNO 1.42% 798,184 $21M $25.99 -$816K +150,327 +23.2%
20 RHP 1.38% 218,849 $20M $92.27 $3M +34,451 +18.7%
21 EPRT 1.35% 650,129 $20M $30.36 $12M +238,816 +58.1%
22 MAA 1.30% 156,165 $19M $122.12 $3M +40,404 +34.9%
23 CBRE 1.22% 132,094 $18M $135.46 $352K +23,000 +21.1%
24 ARE 1.13% 357,450 $17M $46.42 -$3M -39,839 -10.0%
25 CTRE 0.88% 352,462 $13M $36.65 -$1M -39,473 -10.1%
26 MRP 0.85% 443,990 $12M $28.00 $6M +223,423 +101.3%
27 PSA 0.77% 265,447 $11M $42.22 -$51M +24,232 +10.1%
28 IVT 0.69% 330,036 $10M $30.46 $750K +253 +0.1%
29 AMT 0.64% 54,289 $9M $172.58 -$610K -2,551 -4.5%
30 EGP 0.60% 47,333 $9M $185.09 -$3M -20,570 -30.3%
31 MAC 0.56% 430,485 $8M $18.90 +430,485 NEW
32 COLD 0.53% 670,972 $8M $11.46 -$931K +671 +0.1%
33 JAN 0.50% 309,963 $7M $23.57 +309,963 NEW
34 LAMR 0.45% 52,290 $7M $126.66 $465K +3,639 +7.5%
35 SUI 0.28% 32,940 $4M $125.97 +32,940 NEW
36 CSR 0.28% 72,201 $4M $57.45 -$660K +142 +0.2%
37 BXP 0.28% 78,363 $4M $51.90 -$1M +3,000 +4.0%
38 EXR 0.27% 196,160 $4M $19.80 -$25M -25,271 -11.4%
39 SLG 0.27% 104,960 $4M $36.94 -$564K +8,135 +8.4%
40 CCI 0.22% 38,976 $3M $81.31 -$469K -1,964 -4.8%
41 RYN 0.11% 78,915 $2M $20.62 +78,915 NEW
42 HLT 0.08% 60,851 $1M $20.27 -$18M -6,643 -9.8%
43 VRE —% -$11M -737,176 -100.0% SOLD
44 KRC —% -$5M -136,904 -100.0% SOLD
45 CUZ —% -$7M -285,108 -100.0% SOLD
46 PCH —% -$2M -45,393 -100.0% SOLD

New Positions

SymbolValue% Port
MAC $8M 0.56%
JAN $7M 0.50%
SUI $4M 0.28%
RYN $2M 0.11%

Sold Out Positions

SymbolValue% Port
KRC —%
VRE —%
CUZ —%
PCH —%
View SEC EDGAR Filings for Adelante Capital Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms