Adelante Capital Management LLC Q3 2025 Filing

Filed November 17, 2025

Portfolio Value

$1.5T

Holdings

43

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (43 positions)

#StockSharesValue% PortfolioType
1
WELLWelltower Inc.
979,382$174.5B11.67%
2
PLDProLogis Inc.
1,272,288$145.7B9.74%
3
EQIXEquinix Inc.
125,234$98.1B6.56%
4
SPGSimon Property Group, Inc.
449,344$84.3B5.64%
5
FQIDigital Realty Trust
463,235$80.1B5.35%
6
ORealty Income
1,135,259$69.0B4.61%
7
PSAPublic Storage
235,117$67.9B4.54%
8
AVBAvalonBay Communities, Inc.
340,288$65.7B4.40%
9
EQREquity Residential
878,252$56.8B3.80%
10
VICIVici Properties
1,521,457$49.6B3.32%
11
B7SBrookdale Senior Living
1,013,181$47.0B3.14%
12
VENVentas, Inc.
661,909$46.3B3.10%
13
KIMKimco Realty Corp.
2,000,750$43.7B2.92%
14
IRMIron Mountain
386,285$39.4B2.63%
15
ELSEquity Lifestyle Properties
634,055$38.5B2.57%
16
ADCAgree Realty Corporation
441,605$31.4B2.10%
17
BRXBrixmor Property Group
1,113,830$30.8B2.06%
18
AMHAmerican Homes 4 Rent
912,001$30.3B2.03%
19
DOCHealthpeak Properties
1,305,556$26.5B1.77%
20
HSTHost Hotels & Resorts, Inc.
1,343,133$22.9B1.53%
21
BXPBXP, Inc.
285,339$21.2B1.42%
22
FRFirst Industrial Realty Trust,
397,648$20.5B1.37%
23
MAAMid-America Apartment Communit
117,764$16.5B1.10%
24
TRNOTerreno Realty Corp
283,173$16.1B1.07%
25
RHPRyman Hospitality Properties
171,496$15.4B1.03%
26
EPRTEssential Properties Realty
506,994$15.1B1.01%
27
VNOVornado Realty Trust
370,941$15.0B1.01%
28
INVHInvitation Homes Inc
478,893$14.0B0.94%
29
KRCKilroy Realty
327,909$13.9B0.93%
30
EGPEastgroup Properties
75,778$12.8B0.86%
31
CTRECaretrust REIT Inc
340,197$11.8B0.79%
32
VREVeris Residential, Inc.
752,225$11.4B0.76%
33
AMTAmerican Tower Corp.
57,567$11.1B0.74%
34
IVTInventrust Properties
335,032$9.6B0.64%
35
CUZCousins Properties, Inc.
289,203$8.4B0.56%
36
COLDAmericold Realty Trust
574,892$7.0B0.47%
37
AREAlexandria Real Estate Equitie
72,405$6.0B0.40%
38
LAMRLamar Advertising Co-A
47,825$5.9B0.39%
39
EXRExtra Space Storage, Inc.
238,341$4.7B0.32%
40
CBRECBRE Group
26,465$4.2B0.28%
41
8CWCrown Castle Inc
42,486$4.1B0.27%
42
PCHPotlach Corp
53,345$2.2B0.15%
43
OHIOmega Healthcare Investors
8,357$352.8M0.02%