AI Portfolio Summary
In 2025 Q4, Adelante Capital Management LLC maintained a portfolio of 47 distinct positions. The most significant new addition to the portfolio was Hilton, Inc., which now represents 1.31% of the total fund value. They heavily accumulated shares in Welltower Inc., increasing their position by 2.7%. Conversely, Adelante Capital Management LLC completely exited their position in Healthpeak Propertie.
Total Positions
47
Quarter
2025 Q4
Top Holding
WELL (12.6%)
Top 10 Concentration
61.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 47
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
WELL
Welltower Inc.
|
Real Estate | 12.58% | 11.67% |
#1
Prev: #1
|
6.5 | 26,548 | 2.7% |
P
S
|
1,005,930 | $186,711,048 | 2015 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PLD
ProLogis Inc.
|
Real Estate | 11.44% | 9.74% |
#2
Prev: #2
|
6.0 | 58,092 | 4.6% |
P
S
|
1,330,380 | $169,836,246 | 2011 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EQIX
Equinix Inc.
|
Real Estate | 6.60% | 6.56% |
#3
Prev: #3
|
4.1 | 2,539 | 2.0% |
P
S
|
127,773 | $97,894,950 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPG
Simon Property ...
|
Real Estate | 6.03% | 5.64% |
#4
Prev: #4
|
4.9 | 33,699 | 7.5% |
P
S
|
483,043 | $89,416,122 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DLR
Digital Realty ...
|
Real Estate | 4.97% | 5.35% |
#5
Prev: #5
|
3.0 | 13,195 | 2.8% |
P
S
|
476,430 | $73,708,106 | 2009 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
O
Realty Income
|
Real Estate | 4.60% | 4.61% |
#6
Prev: #6
|
3.8 | 74,827 | 6.6% |
P
S
|
1,210,086 | $68,212,871 | 2016 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PSA
Public Storage
|
Real Estate | 4.22% | 4.54% |
#7
Prev: #7
|
2.2 | 6,098 | 2.6% |
P
S
|
241,215 | $62,595,262 | 2002 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVB
AvalonBay Commu...
|
Real Estate | 3.88% | 4.40% |
#8
Prev: #8
|
2.1 | -22,382 | -6.6% |
P
S
|
317,906 | $57,639,223 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EQR
Equity Resident...
|
Real Estate | 3.63% | 3.80% |
#9
Prev: #9
|
2.0 | -22,780 | -2.6% |
P
S
|
855,472 | $53,929,149 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VTR
Ventas, Inc.
|
Real Estate | 3.62% | 3.10% |
#10
2
Prev: #12
|
3.4 | 33,328 | 5.0% |
P
S
|
695,237 | $53,797,212 | 2002 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BKD
Brookdale Senio...
|
Healthcare | 3.40% | 3.14% |
#11
Prev: #11
|
3.4 | 75,364 | 7.4% |
P
S
|
1,088,545 | $50,454,061 | 2014 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VICI
Vici Properties
|
Real Estate | 2.82% | 3.32% |
#12
2
Prev: #10
|
1.6 | -31,030 | -2.0% |
P
S
|
1,490,427 | $41,910,893 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMH
American Homes ...
|
Real Estate | 2.81% | 2.03% |
#13
5
Prev: #18
|
3.6 | 388,346 | 42.6% |
P
S
|
1,300,347 | $41,741,121 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KIM
Kimco Realty Co...
|
Real Estate | 2.70% | 2.92% |
#14
1
Prev: #13
|
1.6 | -21,143 | -1.1% |
P
S
|
1,979,607 | $40,126,775 | 2001 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ELS
Equity Lifestyl...
|
Real Estate | 2.37% | 2.57% |
#15
Prev: #15
|
1.4 | -54,175 | -8.5% |
P
S
|
579,880 | $35,146,845 | 2006 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BRX
Brixmor Propert...
|
Real Estate | 2.22% | 2.06% |
#16
1
Prev: #17
|
2.9 | 142,964 | 12.8% |
P
S
|
1,256,794 | $32,953,119 | 2013 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ADC
Agree Realty Co...
|
Real Estate | 2.13% | 2.10% |
#17
1
Prev: #16
|
1.4 | -3,190 | -0.7% |
P
S
|
438,415 | $31,578,720 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EXR
Extra Space Sto...
|
Real Estate | 1.94% | 0.32% |
#18
21
Prev: #39
|
1.3 | -16,910 | -7.1% |
P
S
|
221,431 | $28,834,864 | 2009 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IRM
Iron Mountain
|
Real Estate | 1.90% | 2.63% |
#19
5
Prev: #14
|
1.3 | -47,058 | -12.2% |
P
S
|
339,227 | $28,139,081 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VNO
Vornado Realty ...
|
Real Estate | 1.45% | 1.01% |
#20
7
Prev: #27
|
3.6 | 276,916 | 74.7% |
P
S
|
647,857 | $21,560,252 | 1999 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARE
Alexandria Real...
|
Real Estate | 1.31% | 0.40% |
#21
16
Prev: #37
|
3.5 | 324,884 | 448.7% |
P
S
|
397,289 | $19,442,953 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HLT
Hilton, Inc.
|
Consumer Cyclical | 1.31% | — |
#22
Prev: #—
|
4.0 | 67,494 | no change |
NEW
|
67,494 | $19,387,328 | 2006 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CBRE
CBRE Group
|
Real Estate | 1.18% | 0.28% |
#23
17
Prev: #40
|
3.5 | 82,629 | 312.2% |
P
S
|
109,094 | $17,541,472 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RHP
Ryman Hospitali...
|
Real Estate | 1.18% | 1.03% |
#24
1
Prev: #25
|
2.5 | 12,902 | 7.5% |
P
S
|
184,398 | $17,447,436 | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MAA
Mid-America Apa...
|
Real Estate | 1.08% | 1.10% |
#25
2
Prev: #23
|
0.9 | -2,003 | -1.7% |
P
S
|
115,761 | $16,080,143 | 2018 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DOC
Healthpeak Prop...
|
Real Estate | 0.00% | 1.77% |
Sold All 😨
(Was: #19) |
0.0 | -1,305,556 | -100.0% |
CLOSED
|
— | $— | 2019 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HST
Host Hotels & R...
|
Real Estate | 0.00% | 1.53% |
Sold All 😨
(Was: #20) |
0.0 | -1,343,133 | -100.0% |
CLOSED
|
— | $— | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TRNO
Terreno Realty ...
|
Real Estate | 0.00% | 1.07% |
Sold All 😨
(Was: #24) |
0.0 | -283,173 | -100.0% |
CLOSED
|
— | $— | 2013 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
INVH
Invitation Home...
|
Real Estate | 0.00% | 0.94% |
Sold All 😨
(Was: #28) |
0.0 | -478,893 | -100.0% |
CLOSED
|
— | $— | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OHI
Omega Healthcar...
|
Real Estate | 0.00% | 0.02% |
Sold All 😨
(Was: #43) |
0.0 | -8,357 | -100.0% |
CLOSED
|
— | $— | 2016 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 47 holdings