13F Insight
DOSSIER · 13F-HR · Q1 2026

Adelante Capital Management LLC

$1.5B in tracked AUM across 42 positions as of Q1 2026.

AC
CIK 0001067926 · last filed Mar 31, 2026
Total AUM
$1.5B
as of Q1 2026
Holdings
42
—
positions
Whale Score
72
72
strong
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
Comprehensive Analysis of Adelante Capital Management LLC 13F Filing
Portfolio Overview

Adelante Capital Management LLC reported a significant portfolio contraction for the quarter ended September 30, 2025. The total portfolio value decreased by 28.6%, dropping from $1.36 billion to $970.15 million. This reduction was driven by a combination of asset reallocation and divestment rather than market performance alone, as the fund executed a major restructuring of its holdings. The portfolio ...

Key Holdings

The portfolio is dominated by "Tier 1" Real Estate Investment Trusts (REITs) that are leaders in their respective niches. The top three positions—Welltower Inc. (WELL), ProLogis Inc. (PLD), and Equinix Inc. (EQIX)—account for 43.11% of the total portfolio value.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
WELL
Welltower Inc.
$203M1.0M13.9%02
PLD
ProLogis Inc.
$175M1.3M11.9%03
EQIX
Equinix Inc.
$129M131K8.8%04
DLR
Digital Realty Trust
$86M478K5.9%05
SPG
Simon Property Group, Inc.
$84M449K5.7%06
O
Realty Income
$73M1.2M5.0%07
AVB
AvalonBay Communities, Inc.
$53M325K3.6%08
EQR
Equity Residential
$53M894K3.6%09
VTR
Ventas, Inc.
$50M616K3.4%10
BKD
Brookdale Senior Living
$48M1.0M3.3%

Filing history

2026Q1Mar 31
$1.5B▲ 0.0%
42 positionsView →2025Q4Dec 31
$1.5B▲ 50.7%
42 positionsView →2025Q3Sep 30
$970M▼ 28.6%
26 positionsView →2025Q2Jun 30
$1.4B▲ 2.8%
42 positionsLocked2025Q1Mar 31
$1.3B▼ 12.8%
41 positionsLocked2024Q4Dec 31
$1.5B▼ 2.2%
45 positionsLocked2024Q3Sep 30
$1.5B▲ 22.3%
42 positionsLocked2024Q2Jun 30
$1.3B▼ 16.6%
42 positionsLocked2024Q1Mar 31
$1.5B▲ 5.2%
43 positionsLocked2023Q4Dec 31
$1.4B▲ 16.8%
44 positionsLocked2023Q3Sep 30
$1.2B▲ 8.7%
44 positionsLocked2023Q2Jun 30
$1.1B▼ 0.7%
45 positionsLocked
Showing 12 of 100