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ACM

Adelante Capital Management Portfolio holdings

AUM $1.46B
1-Year Est. Return 8.98%
This Fund
S&P 500
This Quarter Est. Return
-0.65%
1 Year Est. Return
+8.98%
3 Year Est. Return
+33.71%
5 Year Est. Return
+33.9%
10 Year Est. Return
+81.52%
AUM
$1.48B
AUM Growth
-$11.6M
Cap. Flow
+$8.12M
Cap. Flow %
0.55%
Top 10 Hldgs %
61.57%
Holding
47
New
4
Increased
19
Reduced
19
Closed
5

Top Buys

Rank Stock Value
1
ARE icon
Alexandria Real Estate Equities
ARE
+$19.1M
2
HLT icon
Hilton Worldwide
HLT
+$18.4M
3
CBRE icon
CBRE Group
CBRE
+$13M
4
AMH icon
American Homes 4 Rent
AMH
+$12.4M
5
VNO icon
Vornado Realty Trust
VNO
+$10.1M

Top Sells

Rank Stock Value
1
DOC icon
Healthpeak Properties
DOC
+$26.5M
2
HST icon
Host Hotels & Resorts
HST
+$22.9M
3
TRNO icon
Terreno Realty
TRNO
+$16.1M
4
BXP icon
Boston Properties
BXP
+$14.9M
5
INVH icon
Invitation Homes
INVH
+$14M

Sector Composition

Rank Sector Weight
1 Real Estate 95.29%
2 Healthcare 3.4%
3 Consumer Discretionary 1.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTRE icon
26
CareTrust REIT
CTRE
$9.55B
$14.2M 0.96%
391,935
+51,738
+15% +$1.85M
EGP icon
27
EastGroup Properties
EGP
$10.9B
$12.1M 0.82%
67,903
-7,875
-10% -$1.4M
VRE
28
DELISTED
Veris Residential
VRE
$11M 0.74%
737,176
-15,049
-2% -$222K
AMT icon
29
American Tower
AMT
$78.8B
$9.98M 0.67%
56,840
-727
-1% -$132K
FR icon
30
First Industrial Realty Trust
FR
$8.36B
$9.61M 0.65%
474,066
+76,418
+19% +$4.27M
IVT icon
31
InvenTrust Properties
IVT
$2.56B
$9.3M 0.63%
329,783
-5,249
-2% -$148K
COLD icon
32
Americold
COLD
$4.17B
$8.62M 0.58%
670,301
+95,409
+17% +$1.17M
EPRT icon
33
Essential Properties Realty Trust
EPRT
$6.53B
$8.14M 0.55%
411,313
-95,681
-19% -$2.92M
CUZ icon
34
Cousins Properties
CUZ
$4.83B
$7.35M 0.5%
285,108
-4,095
-1% -$106K
MRP
35
Millrose Properties Inc
MRP
$4.78B
$6.59M 0.44%
+220,567
New +$6.92M
LAMR icon
36
Lamar Advertising Co
LAMR
$15.7B
$6.16M 0.41%
48,651
+826
+2% +$103K
KRC icon
37
Kilroy Realty
KRC
$4.32B
$5.12M 0.34%
136,904
-191,005
-58% -$7.81M
BXP icon
38
Boston Properties
BXP
$10.8B
$5.08M 0.34%
75,363
-209,976
-74% -$14.9M
CSR
39
Centerspace
CSR
$926M
$4.81M 0.32%
+72,059
New +$4.53M
SLG icon
40
SL Green Realty
SLG
$3.9B
$4.44M 0.3%
+96,825
New +$4.78M
CCI icon
41
Crown Castle
CCI
$31.3B
$3.64M 0.25%
40,940
-1,546
-4% -$142K
PCH
42
DELISTED
PotlatchDeltic
PCH
$1.92M 0.13%
45,393
-7,952
-15% -$322K
DOC icon
43
Healthpeak Properties
DOC
$14.4B
– –
-1,305,556
Closed -$26.5M
HST icon
44
Host Hotels & Resorts
HST
$15.5B
– –
-1,343,133
Closed -$22.9M
INVH icon
45
Invitation Homes
INVH
$17.8B
– –
-478,893
Closed -$14M
OHI icon
46
Omega Healthcare
OHI
$14.4B
– –
-8,357
Closed -$353K
TRNO icon
47
Terreno Realty
TRNO
$7.45B
– –
-283,173
Closed -$16.1M
1
2

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Adelante Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Adelante Capital Management held 47 positions worth $1.48B, down 0.77% from $1.5B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Adelante Capital Management's Q4 2025 filing shows 4 new, 19 increased, 19 reduced and 5 closed positions. Its largest new stake was Hilton Worldwide: 67,494 shares worth $19.4M. The largest sale was Healthpeak Properties, an estimated $26.5M.

By sector, the portfolio is most concentrated in Real Estate at 95% of assets, down from 97% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Adelante Capital Management's largest Q4 2025 buy was Hilton Worldwide: 67,494 shares worth $19.4M.
  • Adelante Capital Management added most to Alexandria Real Estate Equities in Q4 2025, an estimated $19.1M increase.
  • Adelante Capital Management's biggest Q4 2025 reduction was Boston Properties, cutting an estimated $14.9M.
  • Adelante Capital Management fully exited Healthpeak Properties in Q4 2025, selling an estimated $26.5M.
  • Adelante Capital Management's ten largest holdings make up 62% of its $1.48B portfolio in Q4 2025.
  • Adelante Capital Management opened 4 new positions and closed 5 in Q4 2025.
  • Adelante Capital Management's portfolio value fell 0.77% quarter-over-quarter to $1.48B.

Based on Adelante Capital Management's 13F filing for Q4 2025, filed 18 Feb 2026.