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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
+4.24%
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
$1.14B
AUM Growth
-$8.25M
Cap. Flow
-$72.6M
Cap. Flow %
-6.39%
Top 10 Hldgs %
61.55%
Holding
48
New
4
Increased
15
Reduced
24
Closed
3

Top Buys

Rank Stock Value
1
CBRE icon
CBRE Group
CBRE
+$13.5M
2
SBRA icon
Sabra Healthcare REIT
SBRA
+$11M
3
CUBE icon
CubeSmart
CUBE
+$9.81M
4
BRX icon
Brixmor Property Group
BRX
+$4.78M
5
REXR icon
Rexford Industrial Realty
REXR
+$4.77M

Top Sells

Rank Stock Value
1
ESS icon
Essex Property Trust
ESS
+$17.4M
2
PLD icon
Prologis
PLD
+$16.4M
3
LSI
Life Storage, Inc.
LSI
+$13.3M
4
CPT icon
Camden Property Trust
CPT
+$12.3M
5
HR icon
Healthcare Realty
HR
+$10.8M

Sector Composition

Rank Sector Weight
1 Real Estate 97.2%
2 Consumer Discretionary 2.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQIX icon
1
Equinix
EQIX
$103B
$138M 12.11%
175,520
+1,686
+1% +$1.23M
WELL icon
2
Welltower
WELL
$169B
$93.4M 8.22%
1,155,055
-36,906
-3% -$2.84M
EQR icon
3
Equity Residential
EQR
$24.7B
$87.7M 7.72%
1,328,961
+10,386
+0.8% +$649K
PSA icon
4
Public Storage
PSA
$60.8B
$79.8M 7.02%
273,468
-9,773
-3% -$2.85M
KIM icon
5
Kimco Realty
KIM
$16.2B
$62.6M 5.51%
3,175,932
-262,761
-8% -$4.95M
EXR icon
6
Extra Space Storage
EXR
$31B
$54.4M 4.79%
365,373
-58,691
-14% -$8.83M
ELS icon
7
Equity Lifestyle Properties
ELS
$12.5B
$47.6M 4.19%
712,226
-41,732
-6% -$2.78M
ESS icon
8
Essex Property Trust
ESS
$18.2B
$47.4M 4.17%
202,207
-79,460
-28% -$17.4M
AMH icon
9
American Homes 4 Rent
AMH
$12.3B
$45.2M 3.98%
1,274,864
-142,209
-10% -$4.82M
ARE icon
10
Alexandria Real Estate Equities
ARE
$8.32B
$43.7M 3.84%
384,989
+21,123
+6% +$2.51M
VTR icon
11
Ventas
VTR
$47.2B
$37.8M 3.33%
799,800
+75,414
+10% +$3.42M
BXP icon
12
Boston Properties
BXP
$10.8B
$37.8M 3.32%
656,055
-99,717
-13% -$5.19M
CPT icon
13
Camden Property Trust
CPT
$11B
$37.1M 3.27%
340,913
-113,919
-25% -$12.3M
INVH icon
14
Invitation Homes
INVH
$17.8B
$30.3M 2.67%
881,547
-113,410
-11% -$3.79M
BRX icon
15
Brixmor Property Group
BRX
$9.15B
$27.5M 2.42%
1,249,939
+229,184
+22% +$4.78M
RHP icon
16
Ryman Hospitality Properties
RHP
$7.57B
$24.6M 2.17%
265,130
-21,379
-7% -$1.97M
AVB icon
17
AvalonBay Communities
AVB
$26.3B
$22.8M 2.01%
120,451
-1,491
-1% -$266K
DLR icon
18
Digital Realty Trust
DLR
$70.8B
$21.5M 1.89%
188,588
-31,233
-14% -$3.09M
MAA icon
19
Mid-America Apartment Communities
MAA
$15.4B
$20.4M 1.8%
134,392
+10,175
+8% +$1.53M
SBRA icon
20
Sabra Healthcare REIT
SBRA
$5.28B
$19.8M 1.74%
1,682,193
+965,237
+135% +$11M
AMT icon
21
American Tower
AMT
$78.8B
$19.6M 1.72%
101,055
-18,557
-16% -$3.63M
PLYA
22
DELISTED
Playa Hotels & Resorts
PLYA
$15.7M 1.38%
1,924,532
-237,923
-11% -$2.16M
REXR icon
23
Rexford Industrial Realty
REXR
$8.13B
$15.6M 1.37%
298,836
+87,453
+41% +$4.77M
MAR icon
24
Marriott International
MAR
$90.9B
$14.9M 1.31%
81,199
-14,503
-15% -$2.52M
CBRE icon
25
CBRE Group
CBRE
$41.7B
$14.6M 1.28%
+180,588
New +$13.5M
1
2

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KRSITF
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SVWAG
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SRC
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HTI
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CHAM
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Adelante Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Adelante Capital Management held 48 positions worth $1.14B, down 0.72% from $1.14B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Adelante Capital Management withdrew a net $72.6M in Q2 2023, closing 3 positions and reducing 24 holdings. Its most notable exit was Healthcare Realty, an estimated $10.8M position sold in full.

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

Against the trend, Adelante Capital Management opened a new position in CBRE Group worth $14.6M.

  • Adelante Capital Management's largest Q2 2023 buy was CBRE Group: 180,588 shares worth $14.6M.
  • Adelante Capital Management added most to Sabra Healthcare REIT in Q2 2023, an estimated $11M increase.
  • Adelante Capital Management's biggest Q2 2023 reduction was Essex Property Trust, cutting an estimated $17.4M.
  • Adelante Capital Management fully exited Healthcare Realty in Q2 2023, selling an estimated $10.8M.
  • Adelante Capital Management's ten largest holdings make up 62% of its $1.14B portfolio in Q2 2023.
  • Adelante Capital Management opened 4 new positions and closed 3 in Q2 2023.
  • Adelante Capital Management's portfolio value fell 0.72% quarter-over-quarter to $1.14B.

Based on Adelante Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.