Adelante Capital Management LLC Q4 2025 Filing

Filed February 18, 2026

Portfolio Value

$1.5B

Holdings

42

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (42 positions)

#StockSharesValue% PortfolioType
1
WELLWelltower Inc.
1,005,930$186.7M12.58%
2
PLDProLogis Inc.
1,330,380$169.8M11.44%
3
EQIXEquinix Inc.
127,773$97.9M6.60%
4
SPGSimon Property Group, Inc.
483,043$89.4M6.03%
5
FQIDigital Realty Trust
476,430$73.7M4.97%
6
ORealty Income
1,210,086$68.2M4.60%
7
PSAPublic Storage
241,215$62.6M4.22%
8
AVBAvalonBay Communities, Inc.
317,906$57.6M3.88%
9
EQREquity Residential
855,472$53.9M3.63%
10
VENVentas, Inc.
695,237$53.8M3.62%
11
B7SBrookdale Senior Living
1,088,545$50.5M3.40%
12
VICIVici Properties
1,490,427$41.9M2.82%
13
AMHAmerican Homes 4 Rent
1,300,347$41.7M2.81%
14
KIMKimco Realty Corp.
1,979,607$40.1M2.70%
15
ELSEquity Lifestyle Properties
579,880$35.1M2.37%
16
BRXBrixmor Property Group
1,256,794$33.0M2.22%
17
ADCAgree Realty Corporation
438,415$31.6M2.13%
18
EXRExtra Space Storage, Inc.
221,431$28.8M1.94%
19
IRMIron Mountain
339,227$28.1M1.90%
20
VNOVornado Realty Trust
647,857$21.6M1.45%
21
AREAlexandria Real Estate Equitie
397,289$19.4M1.31%
22
HLTHilton, Inc.
67,494$19.4M1.31%
23
CBRECBRE Group
109,094$17.5M1.18%
24
RHPRyman Hospitality Properties
184,398$17.4M1.18%
25
MAAMid-America Apartment Communit
115,761$16.1M1.08%
26
CTRECaretrust REIT Inc
391,935$14.2M0.95%
27
EGPEastgroup Properties
67,903$12.1M0.82%
28
VREVeris Residential, Inc.
737,176$11.0M0.74%
29
AMTAmerican Tower Corp.
56,840$10.0M0.67%
30
FRFirst Industrial Realty Trust,
474,066$9.6M0.65%
31
IVTInventrust Properties
329,783$9.3M0.63%
32
COLDAmericold Realty Trust
670,301$8.6M0.58%
33
EPRTEssential Properties Realty
411,313$8.1M0.55%
34
CUZCousins Properties, Inc.
285,108$7.3M0.50%
35
MRPMillrose Properties
220,567$6.6M0.44%
36
LAMRLamar Advertising Co-A
48,651$6.2M0.41%
37
KRCKilroy Realty
136,904$5.1M0.34%
38
BXPBXP, Inc.
75,363$5.1M0.34%
39
CSRCenterspace
72,059$4.8M0.32%
40
SLGSL Green Realty Corp.
96,825$4.4M0.30%
41
8CWCrown Castle Inc
40,940$3.6M0.25%
42
PCHPotlach Corp
45,393$1.9M0.13%