Adelante Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 17, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Adelante Capital Management reported a $1.5 bn portfolio of 42 positions to the SEC as of the end of Q2 2026. Its largest positions are WELL, PLD, EQIX. During the quarter it opened Federal Realty Investment Trust and Healthpeak Properties and exited Americold Realty Trust.
Sections with a free account
What changed this quarter
45 positions with a change (5 new, 12 added to, 23 trimmed, 5 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Kimco Realty−61%fewer sharesReduced2.9% → 1.2%
- Federal Realty Investment Trust+1.8 ppof portfolioNew— → 1.8%
- Healthpeak Properties+1.4 ppof portfolioNew— → 1.4%
- Essex Property Trust+1.3 ppof portfolioNew— → 1.3%
- Alexandria Real Estate Equities−81%fewer sharesReduced1.1% → 0.2%
- Welltower−5.5%fewer sharesReduced13.9% → 14.5%
- Vivmark Residential−19%fewer sharesReduced3.6% → 3.2%
- Lamar Advertising+134%more sharesIncreased0.5% → 1.3%
- Brookdale Senior Living−51%fewer sharesReduced3.3% → 0.5%
- CareTrust REIT+55%more sharesIncreased0.9% → 1.4%
- Americold Realty Trust−0.5 ppof portfolioSold out0.5% → —
- Equinix−5.6%fewer sharesReduced8.8% → 8.5%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- WelltowerWELL14.5%
- PrologisPLD11.4%
- EquinixEQIX8.5%
- Simon Property GroupSPG6.1%
- Digital Realty TrustDLR5.8%
- Realty IncomeO4.7%
- Avalonbay CommunitiesAVB3.6%
- VentasVTR3.5%
- Vivmark ResidentialVMRK3.2%
- Iron MountainIRM2.7%
- Equity Lifestyle PropertiesELS2.6%
- Brixmor Property GroupBRX2.4%
- VICI PropertiesVICI2.3%
- Agree RealtyADC2.1%
- American Homes 4 RentAMH1.9%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Real Estate 99%
- ● Health Care 1%
How its portfolio changed (8 quarters)
Q2 2026: 42
Q2 2026: 64%
Q2 2026: 8.7%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q3 2024 ↗filed Nov 14, 2024Amendment of Feb 24, 2025 (replaces the original) ↗
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 20, 2026 (medium confidence).
The data, as reported: ADELANTE CAPITAL MANAGEMENT LLC (CRD 107382): Institutional mandates; 5.D assets by client type: governments 78%, other 11%, pooled vehicles 6% (of $1.5 bn); 5.F 65 accounts, 0% non-discretionary; 5.D 62 clients, 45 individuals
The type comes from a rule applied to that data. If it looks wrong, tell us.
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