Adelante Capital Management LLC

Q4 2025 13F-HR Holdings

Location
Alameda, CA
Holdings as of
12/31/2025
Date filed
2/18/2026
Form type
13F-HR
Num holdings
42
Total value ($000)
$1,484,078
Net value change ($000)
-11,556 (-0.8%)
New positions
4
Sold out positions
5
Turnover %
7.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/17/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PLD 24,134 16.6%
EXR 24,116 511.0%
HLT 19,387 NEW
ARE 13,409 222.2%
CBRE 13,371 320.6%
WELL 12,244 7.0%
AMH 11,416 37.6%
VTR 7,470 16.1%
MRP 6,588 NEW
VNO 6,526 43.4%
Top Reduces (Value $000, Stocks/ETFs)
DOC -26,464 -100.0%
HST -22,860 -100.0%
BXP -16,127 -76.0%
TRNO -16,070 -100.0%
INVH -14,046 -100.0%
IRM -11,239 -28.5%
FR -10,858 -53.1%
KRC -8,739 -63.1%
AVB -8,095 -12.3%
VICI -7,704 -15.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type