ADELANTE CAPITAL MANAGEMENT LLC
Q2 2026 Form 13-F
ALAMEDA, CALIFORNIA
CIK 0001067926
· CRD 107382
· SEC-registered investment adviser
$1.5B Reported Value Total
ADELANTE CAPITAL MANAGEMENT LLC reports 65 total accounts under management (AUM). There are 65 discretionary accounts valued at $1,488,002,915, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
4 funds
· $28.3M gross asset value
Other: $27.3M · Hedge Fund: $992.9K
Source: Form ADV filed 2026-03-20
Reported value
$1.5B
Quarter over quarter
+10.6%
Holdings
42
Top-10 concentration
64.0%
Key People
Form ADV owners & control persons
Michael Anthony Torres
MANAGER, MEMBER
Jon M Wieman
CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | August 14, 2026 |
| Form | 13F-HR |
| Reported value | $1.5B |
| Positions | 42 |
| Change in reported value | +4.0% |
| New positions | 5 |
| Exited positions | 5 |
| Position turnover | 21.3% |
| Top-10 concentration | 64.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
42 | $1.5B |
|
Q1 2026 13F
Filed May 18, 2026
|
42 | $1.5B |
|
Q4 2025 13F
Filed Feb 18, 2026
|
42 | $1.5B |
|
Q3 2025 13F
Filed Nov 17, 2025
|
43 | $1.5B |
|
Q2 2025 13F
Filed Aug 15, 2025
|
42 | $1.4B |
|
Q1 2025 13F
Filed May 16, 2025
|
41 | $1.3B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
45 | $1.5B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
42 | $1.5B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
40 | $1.3B |
|
Q1 2024 13F
Filed May 15, 2024
|
41 | $1.5B |
|
Q4 2023 13F
Filed Feb 15, 2024
|
42 | $1.4B |
|
Q3 2023 13F
Filed Nov 15, 2023
|
41 | $1.2B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
42 | $1.1B |
|
Q1 2023 13F
Filed May 16, 2023
|
41 | $1.1B |
|
Q4 2022 13F
Filed Feb 15, 2023
|
40 | $1.2B |
|
Q3 2022 13F
Filed Nov 15, 2022
|
41 | $1.3B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
40 | $1.7B |
|
Q1 2022 13F
Filed May 16, 2022
|
45 | $2.0B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
48 | $2.3B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
44 | $2.0B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | WELL Welltower Inc. | $220.7M | 14.51% |
| 2 | PLD ProLogis Inc. | $172.7M | 11.35% |
| 3 | EQIX Equinix Inc. | $129.2M | 8.49% |
| 4 | SPG Simon Property Group, Inc. | $93.3M | 6.13% |
| 5 | DLR Digital Realty Trust | $87.5M | 5.75% |
| 6 | O Realty Income | $72.1M | 4.74% |
| 7 | AVB AvalonBay Communities, Inc. | $55.0M | 3.62% |
| 8 | VTR Ventas, Inc. | $52.7M | 3.47% |
| 9 | EQR Equity Residential | $49.1M | 3.23% |
| 10 | IRM Iron Mountain | $41.1M | 2.7% |
| 11 | ELS Equity Lifestyle Properties | $39.6M | 2.61% |
| 12 | BRX Brixmor Property Group | $36.2M | 2.38% |
| 13 | VICI Vici Properties | $35.5M | 2.34% |
| 14 | ADC Agree Realty Corporation | $32.6M | 2.14% |
| 15 | AMH American Homes 4 Rent | $28.4M | 1.86% |
| 16 | EXR Extra Space Storage, Inc. | $27.6M | 1.81% |
| 17 | FRT Federal Realty Investment Trus | $27.5M | 1.81% |
| 18 | VNO Vornado Realty Trust | $27.0M | 1.78% |
| 19 | RHP Ryman Hospitality Properties | $25.7M | 1.69% |
| 20 | CTRE Caretrust REIT Inc | $22.0M | 1.45% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.