Adelante Capital Management 13F annual report
Adelante Capital Management is an investment fund managing more than $1.27 billion ran by Kathy Ascani. There are currently 42 companies in Mrs. Ascani’s portfolio. The largest investments include Prologis Inc and Equinix Inc, together worth $298 million.
$1.27 billion Assets Under Management (AUM)
As of 7th August 2024, Adelante Capital Management’s top holding is 1,510,185 shares of Prologis Inc currently worth over $170 million and making up 13.4% of the portfolio value.
Relative to the number of outstanding shares of Prologis Inc, Adelante Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 170,110 shares of Equinix Inc worth $129 million, whose value fell 0.4% in the past six months.
The third-largest holding is Welltower worth $120 million and the next is Simon Property worth $87.7 million, with 577,445 shares owned.
Currently, Adelante Capital Management's portfolio is worth at least $1.27 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Adelante Capital Management
The Adelante Capital Management office and employees reside in Alameda, California. According to the last 13-F report filed with the SEC, Kathy Ascani serves as the Sr Port Admin at Adelante Capital Management.
Recent trades
In the most recent 13F filing, Adelante Capital Management revealed that it had opened a new position in
American Healthcare Reit and bought 835,832 shares worth $12.2 million.
The investment fund also strengthened its position in Simon Property by buying
15,792 additional shares.
This makes their stake in Simon Property total 577,445 shares worth $87.7 million.
Simon Property soared 31.0% in the past year.
On the other hand, there are companies that Adelante Capital Management is getting rid of from its portfolio.
Adelante Capital Management closed its position in Camden Property Trust on 14th August 2024.
It sold the previously owned 340,913 shares for $37.1 million.
Kathy Ascani also disclosed a decreased stake in Prologis Inc by 0.2%.
This leaves the value of the investment at $170 million and 1,510,185 shares.
One of the smallest hedge funds
The two most similar investment funds to Adelante Capital Management are Country Club Trust , N.a and Ems Capital L.P.. They manage $1.27 billion and $1.27 billion respectively.
Kathy Ascani investment strategy
Adelante Capital Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Real Estate — making up 83.3% of
the total portfolio value.
The fund focuses on investments in the United States as
73.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
48% of the total holdings value.
On the other hand, small-cap stocks make up only 4.8% of the portfolio.
The average market cap of the portfolio companies is close to $23.8 billion.
The complete list of Adelante Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Prologis Inc |
15.50%
1,510,185
|
$169,609,000 | 13.39% |
| Equinix Inc |
3.08%
170,110
|
$128,705,000 | 10.16% |
| Welltower Inc. |
0.04%
1,154,620
|
$120,369,000 | 9.51% |
| Simon Property Group, Inc. |
2.81%
577,445
|
$87,656,000 | 6.92% |
| Public Storage |
9.23%
298,708
|
$85,924,000 | 6.79% |
| Equity Residential |
13.10%
1,154,894
|
$80,081,000 | 6.32% |
| Avalonbay Communities Inc. |
219.74%
385,130
|
$79,679,000 | 6.29% |
| Digital Realty Trust, Inc. |
166.88%
503,300
|
$76,527,000 | 6.04% |
| Alexandria Real Estate Equit |
12.94%
434,810
|
$50,860,000 | 4.02% |
| American Homes 4 Rent |
1.18%
1,259,806
|
$46,815,000 | 3.70% |
| Kimco Realty Corporation |
32.12%
2,155,911
|
$41,954,000 | 3.31% |
| Brixmor Property Group Inc |
42.14%
1,776,672
|
$41,024,000 | 3.24% |
| Camden Property Trust |
Closed
340,913
|
$37,115,000 | |
| Eastgroup Properties, Inc. |
183.23%
177,161
|
$30,135,000 | 2.38% |
| BXP Inc. |
35.28%
424,588
|
$26,138,000 | 2.06% |
| Sun Communities, Inc. |
594.12%
208,112
|
$25,045,000 | 1.98% |
| Invitation Homes Inc |
22.59%
682,430
|
$24,492,000 | 1.93% |
| Equity Lifestyle Properties Inc. |
48.37%
367,691
|
$23,948,000 | 1.89% |
| Sabra Health Care Reit Inc |
Closed
1,682,193
|
$19,800,000 | |
| Rexford Industrial Realty Inc |
Closed
298,836
|
$15,605,000 | |
| First Industrial Realty Trus |
128.09%
313,237
|
$14,882,000 | 1.18% |
| Cbre Group |
Closed
180,588
|
$14,576,000 | |
| American Healthcare Reit |
Opened
835,832
|
$12,211,000 | 0.96% |
| NetSTREIT Corp. |
Closed
673,613
|
$12,037,000 | |
| Alexander & Baldwin Inc. |
Closed
599,866
|
$11,146,000 | |
| Marriott International, Inc. |
44.69%
44,911
|
$10,858,000 | 0.86% |
| Playa Hotels & Resorts |
37.53%
1,202,328
|
$10,088,000 | 0.80% |
| CubeSmart |
Closed
216,000
|
$9,647,000 | |
| Vornado Realty Trust |
Opened
354,248
|
$9,313,000 | 0.74% |
| Inventrust Properties |
Opened
358,119
|
$8,867,000 | 0.70% |
| Omega Healthcare Investors, Inc. |
Opened
258,824
|
$8,865,000 | 0.70% |
| Elme Communities |
Opened
541,961
|
$8,633,000 | 0.68% |
| American Tower Corp. |
57.82%
42,627
|
$8,286,000 | 0.65% |
| Lamar Advertising Co-a |
16.07%
67,183
|
$8,030,000 | 0.63% |
| Extra Space Storage Inc. |
21.82%
285,649
|
$5,656,000 | 0.45% |
| VICI Properties Inc |
17.29%
186,292
|
$5,335,000 | 0.42% |
| Realty Income Corp. |
13.39%
67,061
|
$3,542,000 | 0.28% |
| Mid-america Apartment Commun |
22.12%
164,126
|
$2,930,000 | 0.23% |
| SBA Communications Corp |
Closed
7,185
|
$1,665,000 | |
| Broadstone Net Lease, Inc. |
1.53%
34,841
|
$1,615,000 | 0.13% |
| Crown Castle Inc |
22.66%
14,376
|
$1,405,000 | 0.11% |
| Iron Mountain Inc. |
62.36%
15,627
|
$1,400,000 | 0.11% |
| Potlach Corp |
49.63%
31,990
|
$1,260,000 | 0.10% |
| Essex Property Trust, Inc. |
97.74%
4,569
|
$1,244,000 | 0.10% |
| Hilton, Inc. |
37.26%
5,409
|
$1,180,000 | 0.09% |
| Essential Properties Realty |
Opened
27,347
|
$758,000 | 0.06% |
| Life Storage Inc |
Closed
5,450
|
$725,000 | |
| Americold Realty Trust Inc |
Opened
25,844
|
$661,000 | 0.05% |
| Diamondrock Hospitality Co. |
42.79%
44,259
|
$374,000 | 0.03% |
| Ryman Hospitality Properties Inc |
8.62%
287,989
|
$0 | 0.00% |
| Ventas Inc |
24.32%
605,296
|
$0 | 0.00% |
| Retail Opportunity Investmen |
Closed
375,245
|
$0 | |
| No transactions found | |||
| Showing first 500 out of 52 holdings | |||
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