Adelante Capital Management LLC
SEC Form 13F institutional filer · CIK 0001067926
13F-HR · 19 reported holdings · 2026-03-31
Adelante Capital Management LLC is an investment manager.
Reported long-US-equity value
$1.00B
Top-10 concentration
91.3%
Adelante Capital Management LLC — $1000M AUM allocation strategy
Adelante Capital Management LLC files SEC Form 13F and reports $1000M of long US equity value across 19 reported holdings for 2026-03-31.
Its largest sector bet is Real Estate 99.9%, followed by Consumer Discretionary 0.1%.
The top 10 holdings account for 91% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Adelante Capital Management LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1000M
total across 19 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
91% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$MAA +40.4K sh · +$2.99M+$PSA +24.2K sh · −$51.4M+$WELL +23.1K sh · +$16.7M
Biggest trims (shares)
−$VICI −255K sh · −$8.15M−$VTR −79K sh · −$3.4M−$KIM −73.6K sh · +$2.7M
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Health Care REITs25.4%—
- Data Center REITs21.5%—
- Retail REITs20.0%—
- Industrial REITs17.5%—
- Other Specialized REITs3.6%—
- Hotel & Resort REITs3.4%—
- Office REITs2.1%—
- Multi-Family Residential REITs1.9%—
- Other holdings4.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $WELL | Welltower Inc | 1.03M | $203M | +23.1K | 20.4% |
| $PLD | Prologis Inc | 1.32M | $175M | -8.41K | 17.5% |
| $EQIX | Equinix Inc. Common Stock REIT | 131K | $129M | +3.43K | 12.9% |
| $DLR | Digital Realty Trust Inc | 478K | $86.2M | +1.87K | 8.6% |
| $SPG | Simon Property Group Inc | 449K | $83.8M | -33.7K | 8.4% |
| $O | Realty Income Corporation | 1.19M | $73M | -16.5K | 7.3% |
| $VTR | Ventas Inc | 616K | $50.4M | -79K | 5.0% |
| $KIM | Kimco Realty Corporation | 1.91M | $42.8M | -73.6K | 4.3% |
| $IRM | Iron Mountain Incorporated Common Stock REIT | 357K | $36.5M | +17.7K | 3.6% |
| $VICI | VICI Properties Inc | 1.24M | $33.8M | -255K | 3.4% |
…and 9 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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