Adelante Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Alexander & Baldwin Inc	COM	014491104	14,103	575,394	SH		SOLE		114,158	0	461,236
Alexandria Real Estate Equit	COM	015271109	103,633	672,766	SH		SOLE		381,164	0	291,602
American Tower Corp.	COM	03027X100	42,075	190,270	SH		SOLE		136,617	0	53,653
Americold Realty Trust	COM	03064D108	59,895	1,615,726	SH		SOLE		1,030,089	0	585,637
AvalonBay Communities, Inc.	COM	053484101	32,448	150,690	SH		SOLE		21,050	0	129,640
Boston Properties, Inc.	COM	101121101	83,660	645,227	SH		SOLE		325,867	0	319,360
Camden Property Trust	COM	133131102	84,497	761,168	SH		SOLE		374,292	0	386,876
CoreSite Realty Corp.	COM	21870Q105	21,696	178,052	SH		SOLE		42,351	0	135,701
Cubesmart	COM	229663109	46,289	1,326,317	SH		SOLE		285,046	0	1,041,271
CyrusOne	COM	23283R100	22,957	290,223	SH		SOLE		130,396	0	159,827
DiamondRock Hospitality	COM	252784301	10,772	1,050,951	SH		SOLE		1,033,917	0	17,034
Duke Realty Corporation	COM	264411505	42,716	1,257,451	SH		SOLE		276,993	0	980,458
Equinix Inc.	COM	29444U700	142,010	246,204	SH		SOLE		111,289	0	134,915
Equity Residential	COM	29476L107	138,935	1,610,656	SH		SOLE		772,647	0	838,009
Essex Property Trust, Inc.	COM	297178105	80,780	247,298	SH		SOLE		121,467	0	125,831
Extra Space Storage, Inc	COM	30225T102	82,708	707,995	SH		SOLE		328,778	0	379,217
Four Corners Property Trust	COM	35086T109	14,056	497,022	SH		SOLE		69,470	0	427,552
HCP Inc.	COM	40414L109	93,884	2,634,987	SH		SOLE		1,142,020	0	1,492,967
Healthcare Trust of America	COM	42225P501	44,435	1,512,430	SH		SOLE		772,948	0	739,482
Highwoods Properties, Inc.	COM	431284108	33,435	743,992	SH		SOLE		126,451	0	617,541
Hilton, Inc.	COM	43300A203	34,054	365,736	SH		SOLE		61,479	0	304,257
Hudson Pacific Properties	COM	444097109	1,327	39,670	SH		SOLE		35,185	0	4,485
Interxion Holdings	COM	N47279109	16,271	199,745	SH		SOLE		53,005	0	146,740
Invitation Homes Inc	COM	46187W107	40,776	1,377,096	SH		SOLE		749,597	0	627,499
JBG Smith Properties	COM	46590V100	30,976	789,990	SH		SOLE		448,692	0	341,298
Kilroy Realty	COM	49427F108	64,379	826,537	SH		SOLE		428,049	0	398,488
Kimco Realty Corp.	COM	49446R109	65,517	3,137,787	SH		SOLE		1,603,315	0	1,534,472
MGM Growth Properties	COM	55303A105	15,972	531,534	SH		SOLE		112,527	0	419,007
Paramount Group Inc	COM	69924R108	7,591	568,635	SH		SOLE		129,412	0	439,223
Pebblebrook Hotel Trust	COM	70509V100	45,190	1,624,383	SH		SOLE		730,736	0	893,647
ProLogis Inc.	COM	74340W103	162,206	1,903,380	SH		SOLE		951,328	0	952,052
Regency Centers Corp.	COM	758849103	68,811	990,231	SH		SOLE		458,229	0	532,002
Simon Property Group, Inc.	COM	828806109	141,282	907,689	SH		SOLE		388,401	0	519,288
Sun Communities, Inc.	COM	866674104	60,409	406,928	SH		SOLE		153,334	0	253,594
Terreno Realty Corp	COM	88146M101	21,574	422,274	SH		SOLE		108,791	0	313,483
Vanguard REIT VIPERs	COM	922908553	489	5,240	SH		SOLE		0	0	5,240
Ventas, Inc.	COM	92276F100	77,525	1,061,551	SH		SOLE		523,418	0	538,133