Comparing Adelante Capital Management LLC Q3 2022 and Q4 2022 13F Holdings

Adelante Capital Management LLC is a privately-owned investment advisor that manages clients' portfolio using a disciplined, value-oriented approach. The company, founded in 1993, manages approximately $3.3 billion in assets and has its headquarters in Oakland, California. One of the best ways to understand the company's portfolio strategy is by analyzing its 13F SEC filings. Adelante Capital Management LLC updated its 13F portfolio in Q4 2022, which showed a significant shift in its holdings. In this blog post, we will compare Adelante Capital Management LLC Q3 2022 and Q4 2022 13F holdings, examining the top stock changes, changes in percentage value, and what these changes mean for the company.

Top stock changes

At the end of Q4 2022, Adelante Capital Management LLC had 39 13F holdings compared to 38 in Q3 2022. The top five holdings in the company's portfolio were Welltower Inc., Equity Residential, Kimco Realty Corp., American Homes 4 Rent, and Alexandria Real Estate. Welltower Inc. and Alexandria Real Estate Holdings dropped one spot each. Public Storage moved up one spot to occupy sixth place in Q4 2022. Prologis Inc, Ventas Inc, and Retail Opportunity Investment Corp were the top three stocks not in their portfolio at the end of Q4 2022.

Change in percentage value

Adelante Capital Management LLC reported a total value of $267,621,000 for Q3 2022 and a total value of $245,624,000 for Q4 2022, indicating an 8.21% decrease. The biggest decrease was in Prologis Inc., whose entire value of $155,562,000 was dropped off the portfolio in Q4 2022. The next significant decrease was in Invitation Homes Inc., whose value dropped by 26.2%. Other stocks that reported a decrease of over 10% in value include Equity Residential, Extra Space Storage Inc., and Essex Property Trust Inc.

On the other side, the biggest increase in value was in Simon Property Group, Inc., whose value increased by 22.3%. Two other stocks with over 10% increase in value were Equity Lifestyle Properties and AvalonBay Communities, Inc.

Conclusion

In conclusion, Adelante Capital Management LLC has shown significant changes in its 13F holdings between Q3 2022 and Q4 2022, with several stocks that were added or removed from the portfolio. It is important to note that these changes reflect the company's market positioning or investment philosophy. By analyzing these changes, prospective investors can discern changes in investment strategy, risk appetite, and investment focus, giving insight into the overall investment criteria and philosophy of Adelante Capital Management LLC.