Adelante Capital Management LLC reported 41 positions worth $1.47B for the quarter ended Jun 30, 2026, up 4.0% on the prior quarter. It opened 5 new positions, added to 14, trimmed 22 and exited 5. Its largest holding is Welltower Inc. at 15.1% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| FRT Federal Realty Investment Trust | +222.6K | – | $27.48M | 1.87% |
| DOC Healthpeak Properties, Inc. | +1.01M | – | $21.61M | 1.47% |
| ESS Essex Property Trust, Inc. | +68.0K | – | $19.83M | 1.35% |
| LAMR Lamar Advertising Co | +70.3K | +134.5% | $10.97M | 1.3% |
| CTRE CareTrust REIT, Inc. | +193.0K | +54.8% | $7.79M | 1.5% |
| JAN Janus Living, Inc. | +234.1K | +75.5% | $6.73M | 1.07% |
| ELS Equity Lifestyle Properties Inc | +62.1K | +11.2% | $4.00M | 2.7% |
| SBAC Sba Communications Corp | +15.5K | – | $2.74M | 0.187% |
| VICI Vici Properties Inc. | +102.8K | +8.3% | $2.73M | 2.42% |
| MAC Macerich Co | +68.7K | +16.0% | $1.73M | 0.858% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| KIM Kimco Realty Corp | -1.17M | -61.2% | $29.58M | 1.28% |
| ARE Alexandria Real Estate Equities, Inc. | -289.2K | -80.9% | $15.28M | 0.246% |
| WELL Welltower Inc. | -56.6K | -5.5% | $12.85M | 15.06% |
| VMRK Vivmark Residential | -171.1K | -19.1% | $11.62M | 3.35% |
| BKD Brookdale Senior Living Inc. | -523.0K | -50.9% | $8.41M | 0.554% |
| COLD Americold Realty Trust | -671.0K | -100.0% | $7.69M | Exited |
| EQIX Equinix Inc | -7,306 | -5.6% | $7.62M | 8.81% |
| SPG Simon Property Group Inc. | -32.2K | -7.2% | $7.21M | 6.36% |
| PLD Prologis, Inc. | -47.5K | -3.6% | $6.43M | 11.78% |
| VNO Vornado Realty Trust | -110.4K | -13.8% | $4.34M | 1.84% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | WELL Welltower Inc. | Real Estate | 972.5K | $220.72M | 15.06% | -56.6K | -5.5% | Reduced | 0.13% |
| 2 | PLD Prologis, Inc. | Real Estate | 1.27M | $172.65M | 11.78% | -47.5K | -3.6% | Reduced | 0.14% |
| 3 | EQIX Equinix Inc | Technology | 123.9K | $129.15M | 8.81% | -7,306 | -5.6% | Reduced | 0.13% |
| 4 | SPG Simon Property Group Inc. | Real Estate | 417.1K | $93.28M | 6.36% | -32.2K | -7.2% | Reduced | 0.13% |
| 5 | DLR Digital Realty Trust, Inc. | Real Estate | 487.4K | $87.53M | 5.97% | +9,123 | +1.9% | Added | 0.13% |
| 6 | O Realty Income Corp | Real Estate | 1.16M | $72.11M | 4.92% | -29.7K | -2.5% | Reduced | 0.12% |
| 7 | VTR Ventas, Inc. | Real Estate | 593.9K | $52.74M | 3.6% | -22.3K | -3.6% | Reduced | 0.12% |
| 8 | VMRK Vivmark Residential | Real Estate | 723.1K | $49.12M | 3.35% | -171.1K | -19.1% | Reduced | 0.19% |
| 9 | IRM Iron Mountain Inc | Industrials | 325.6K | $41.13M | 2.81% | -31.3K | -8.8% | Reduced | 0.11% |
| 10 | ELS Equity Lifestyle Properties Inc | Real Estate | 615.2K | $39.65M | 2.7% | +62.1K | +11.2% | Added | 0.32% |
| 11 | BRX Brixmor Property Group Inc. | Real Estate | 1.15M | $36.22M | 2.47% | -108.8K | -8.7% | Reduced | 0.37% |
| 12 | VICI Vici Properties Inc. | Real Estate | 1.34M | $35.54M | 2.42% | +102.8K | +8.3% | Added | 0.12% |
| 13 | ADC Agree Realty Corp | Real Estate | 430.2K | $32.58M | 2.22% | -9,972 | -2.3% | Reduced | 0.35% |
| 14 | AMH American Homes 4 Rent | Real Estate | 846.2K | $28.36M | 1.93% | -57.8K | -6.4% | Reduced | 0.24% |
| 15 | EXR Extra Space Storage Inc. | Real Estate | 189.6K | $27.55M | 1.88% | -6,550 | -3.3% | Reduced | 0.09% |
Tip. Select a row to see that position’s full history at Adelante Capital Management.
As of its Q2 2026 13F filing, Adelante Capital Management LLC’s five largest positions were Welltower Inc. (WELL) at 15.1%, Prologis, Inc. (PLD) at 11.8%, Equinix Inc (EQIX) at 8.8%, Simon Property Group Inc. (SPG) at 6.4%, Digital Realty Trust, Inc. (DLR) at 6.0% of the reported portfolio.
Adelante Capital Management LLC reported a 13F portfolio worth $1.47B across 41 positions for Q2 2026. That is up 4.0% from the previous quarter.
Its largest purchases by value were Federal Realty Investment Trust ($27.48M), Healthpeak Properties, Inc. ($21.61M), Essex Property Trust, Inc. ($19.83M). It opened 5 new positions.
Its largest sales by value were Kimco Realty Corp ($29.58M), Alexandria Real Estate Equities, Inc. ($15.28M), Welltower Inc. ($12.85M). It exited 5 positions entirely.
From the Form 13F-HR reports Adelante Capital Management LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.