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Agree Realty Corp

ADC
Exchange
NYSE
Industry
Real Estate Investment Trusts
SEC CIK
0000917251

In the last 90 days, Agree Realty Corp insiders filed 5 open-market purchases and 0 sales; 497 institutions reported holding it in 13F filings for Q2 2026, worth $10.8B in total; no superinvestor holds it.

Other share classesADC.PA

13F holders, Q1 2025

Institutional positions in Agree Realty Corp as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
467
+21 vs. Q4 2024
Shares held
121.2M
+4.94M (+4.2%) vs. Q4 2024
Total value
$9.36B
+$1.17B (+14.2%) vs. Q4 2024
New holders
62
201 more added
Sold out
41
140 more reduced

5 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting ADC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 467 institutions
Q1 2021: 301 institutionsQ2 2021: 312 institutionsQ3 2021: 322 institutionsQ4 2021: 326 institutionsQ1 2022: 319 institutionsQ2 2022: 340 institutionsQ3 2022: 360 institutionsQ4 2022: 358 institutionsQ1 2023: 360 institutionsQ2 2023: 375 institutionsQ3 2023: 372 institutionsQ4 2023: 367 institutionsQ1 2024: 395 institutionsQ2 2024: 409 institutionsQ3 2024: 431 institutionsQ4 2024: 451 institutionsQ1 2025: 467 institutionsQ2 2025: 471 institutionsQ3 2025: 479 institutionsQ4 2025: 492 institutionsQ1 2026: 502 institutionsQ2 2026: 497 institutions
Value heldQ1 2025: $9.36B
Q1 2021: $4.58BQ2 2021: $5.47BQ3 2021: $4.84BQ4 2021: $5.44BQ1 2022: $5.18BQ2 2022: $6.22BQ3 2022: $6.34BQ4 2022: $6.97BQ1 2023: $6.70BQ2 2023: $6.23BQ3 2023: $5.27BQ4 2023: $6.42BQ1 2024: $5.71BQ2 2024: $6.46BQ3 2024: $8.39BQ4 2024: $8.27BQ1 2025: $9.36BQ2 2025: $9.15BQ3 2025: $8.97BQ4 2025: $9.33BQ1 2026: $10.5BQ2 2026: $10.8B
Institutions holding ADC and their total value by quarter
QuarterHoldersValue
Q2 2026497$10.8B
Q1 2026502$10.5B
Q4 2025492$9.33B
Q3 2025479$8.97B
Q2 2025471$9.15B
Q1 2025467$9.36B
Q4 2024451$8.27B
Q3 2024431$8.39B
Q2 2024409$6.46B
Q1 2024395$5.71B
Q4 2023367$6.42B
Q3 2023372$5.27B
Q2 2023375$6.23B
Q1 2023360$6.70B
Q4 2022358$6.97B
Q3 2022360$6.34B
Q2 2022340$6.22B
Q1 2022319$5.18B
Q4 2021326$5.44B
Q3 2021322$4.84B
Q2 2021312$5.47B
Q1 2021301$4.58B

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Agree Realty Corp; share changes are against Q4 2024.

Institutions holding ADC in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc14,913,633$1.15B0.02%+363,681+2.5%Added
BlackRock, Inc.12,997,431$1.00B0.02%−362,921−2.7%Reduced
Cohen & Steers, Inc.9,866,824$761.6M1.41%+99,192+1.0%Added
State Street Corp5,383,541$416.9M0.02%+119,519+2.3%Added
Principal Financial Group Inc2,669,333$206.0M0.12%−58,986−2.2%Reduced
Geode Capital Management, LLC2,509,590$203.1M0.02%+377,338+17.7%Added
Deutsche Bank AG2,528,230$195.2M0.08%+5,826+0.2%Added
Centersquare Investment Management LLC2,431,960$187.7M1.94%+234,641+10.7%Added
Daiwa Securities Group Inc.2,358,979$182.1M0.77%+125,602+5.6%Added
JPMorgan Chase & Co2,338,219$180.5M0.01%+353,884+17.8%Added
Two Sigma Advisers, LP2,077,687$160.4M0.36%+920,100+79.5%Added
Macquarie Group Ltd1,934,040$149.3M0.19%−172,075−8.2%Reduced
Prudential Financial Inc1,868,616$144.2M0.21%+928,077+98.7%Added
American Century Companies Inc1,751,030$135.2M0.08%−143,017−7.6%Reduced
Morgan Stanley1,727,313$133.3M0.01%+330,522+23.7%Added
Charles Schwab Investment Management Inc1,695,297$130.9M0.02%+49,645+3.0%Added
Invesco Ltd.1,659,858$128.1M0.02%−552,994−25.0%Reduced
Dimensional Fund Advisors LP1,581,170$122.0M0.03%+31,030+2.0%Added
Northern Trust Corp1,546,582$119.4M0.02%+23,302+1.5%Added
Two Sigma Investments, LP1,497,423$115.6M0.25%+569,390+61.4%Added
Raymond James Financial Inc1,459,633$112.7M0.04%+20,575+1.4%Added
Russell Investments Group, Ltd.1,276,096$98.5M0.14%+228,611+21.8%Added
Balyasny Asset Management LLC1,195,091$92.2M0.23%+1,012,363+554.0%Added
Alyeska Investment Group, L.P.1,170,106$90.3M0.36%+99,155+9.3%Added
Bank of New York Mellon Corp1,087,610$84.0M0.02%−131,902−10.8%Reduced
Frontier Capital Management Co LLC1,043,998$80.6M0.88%+13,793+1.3%Added
GW&K Investment Management, LLC1,041,865$80.4M0.74%−14,206−1.3%Reduced
Wellington Management Group LLP1,016,593$78.5M0.02%+425,748+72.1%Added
PGGM Investments956,246$73.8M1.00%+791,598+480.8%Added
Thrivent Financial for Lutherans937,575$72.4M0.16%−74,893−7.4%Reduced
Resolution Capital Ltd907,475$70.0M1.36%+192,660+27.0%Added
Millennium Management LLC871,332$67.3M0.07%−299,965−25.6%Reduced
Nuveen, LLC911,254$64.8M0.02%+911,254New
Cbre Clarion Securities LLC821,090$63.4M0.97%+407,820+98.7%Added
Janus Henderson Group PLC798,657$61.2M0.03%−5,792−0.7%Reduced
Cincinnati Insurance Co789,500$60.9M1.06%00.0%Unchanged
Allspring Global Investments Holdings, LLC788,752$60.6M0.11%+90,408+12.9%Added
Bank of America Corp752,603$58.1M0.01%+227,371+43.3%Added
GEM Realty Capital742,060$57.3M5.96%+232,341+45.6%Added
UBS Asset Management Americas Inc733,623$56.6M0.01%+26,202+3.7%Added
Voloridge Investment Management, LLC725,243$56.0M0.21%−49,863−6.4%Reduced
Citigroup Inc703,463$54.3M0.04%−9,582−1.3%Reduced
William Blair Investment Management, LLC673,236$52.0M0.15%−18,281−2.6%Reduced
Legal & General Group Plc665,108$51.3M0.01%+2,588+0.4%Added
Norges Bank609,185$47.0M0.01%−84,385−12.2%Reduced
SEI Investments Co586,273$45.3M0.06%+132,020+29.1%Added
Burkehill Global Management, LP550,000$42.5M3.16%+450,000+450.0%Added
Bahl & Gaynor Inc549,225$42.4M0.22%+78,205+16.6%Added
Deprince Race & Zollo Inc533,640$41.2M0.85%−7,300−1.3%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH532,637$41.1M0.08%+532,637New
Heitman Real Estate Securities LLC500,292$38.6M2.50%−239,369−32.4%Reduced
FMR LLC490,603$37.9M0.00%−1,172,344−70.5%Reduced
California Public Employees Retirement System486,047$37.5M0.03%+2,211+0.5%Added
Leeward Investments, LLC - MA454,016$35.0M1.86%−19,368−4.1%Reduced
Price T Rowe Associates Inc436,655$33.7M0.00%+8,687+2.0%Added
D. E. Shaw & Co., Inc.426,008$32.9M0.04%+13,080+3.2%Added
T. Rowe Price Investment Management, Inc.380,107$29.3M0.02%−39,794−9.5%Reduced
Adelante Capital Management LLC370,652$28.6M2.17%+358,767+3,018.7%Added
APG Asset Management US Inc.360,343$27.7M0.21%00.0%Unchanged
Wells Fargo & Company354,334$27.4M0.01%+9,928+2.9%Added
Sumitomo Mitsui Trust Holdings, Inc.350,228$27.0M0.02%−12,495−3.4%Reduced
Systematic Financial Management LP324,167$25.0M0.71%−3,593−1.1%Reduced
ExodusPoint Capital Management, LP323,750$25.0M0.33%−138,696−30.0%Reduced
Loomis Sayles & Co L P322,910$24.9M0.04%−942−0.3%Reduced
Rhumbline Advisers321,578$24.8M0.02%+3,199+1.0%Added
Citadel Advisors LLC302,114$23.3M0.02%+34,691+13.0%Added
State of New Jersey Common Pension Fund D298,479$23.0M0.10%−767−0.3%Reduced
Fort Washington Investment Advisors Inc296,993$22.9M0.14%+45,706+18.2%Added
Envestnet Asset Management Inc293,753$22.7M0.01%−7,998−2.7%Reduced
Hazelview Securities Inc.286,699$22.1M4.02%−48,250−14.4%Reduced
Lighthouse Investment Partners, LLC284,800$22.0M1.01%+74,800+35.6%Added
AQR Capital Management LLC280,153$21.6M0.02%+223+0.1%Added
Royal Bank of Canada265,335$20.5M0.00%−6,674−2.5%Reduced
Public Employees Retirement System of Ohio258,098$19.9M0.07%+41,953+19.4%Added
Alliancebernstein L.P.256,785$19.8M0.01%+105,050+69.2%Added
Gillson Capital LP254,350$19.6M1.67%+181,750+250.3%Added
Aristotle Capital Boston, LLC239,780$18.5M0.92%+239,780New
UBS Group AG234,791$18.1M0.00%+96,886+70.3%Added
Schroder Investment Management Group234,723$17.9M0.02%+234,723New
Great West Life Assurance Co219,193$16.9M0.03%+19,535+9.8%Added
Asset Management One Co.,Ltd.214,844$16.6M0.06%+13,242+6.6%Added
Lasalle Investment Management Securities LLC208,247$16.1M0.70%−573−0.3%Reduced
Swiss National Bank200,482$15.5M0.01%+2,500+1.3%Added
State of Wisconsin Investment Board198,862$15.4M0.04%+11,371+6.1%Added
Quantbot Technologies LP195,441$15.1M0.48%+115,344+144.0%Added
Sophron Capital Management L.P.177,887$13.7M4.67%−12,213−6.4%Reduced
Tributary Capital Management, LLC173,912$13.4M1.17%−4,961−2.8%Reduced
Ceredex Value Advisors LLC165,382$12.8M0.28%+21,400+14.9%Added
Verition Fund Management LLC160,045$12.4M0.07%−18,290−10.3%Reduced
Virginia Retirement Systems Et Al157,378$12.1M0.09%+157,378New
STRS Ohio156,187$12.1M0.05%−44,983−22.4%Reduced
Schonfeld Strategic Advisors LLC153,890$11.9M0.08%+132,988+636.2%Added
Ameriprise Financial Inc153,220$11.8M0.00%+11,092+7.8%Added
Nomura Asset Management Co Ltd152,921$11.8M0.04%+14,551+10.5%Added
HRT Financial LP147,781$11.4M0.07%+114,121+339.0%Added
Boothbay Fund Management, LLC143,693$11.1M0.40%+57,505+66.7%Added
Goldman Sachs Group Inc138,565$10.7M0.00%−127,102−47.8%Reduced
Uniplan Investment Counsel, Inc.130,854$10.1M0.98%−8,483−6.1%Reduced
Retirement Systems of Alabama130,269$10.1M0.04%+4,666+3.7%Added
Franklin Resources Inc120,951$9.34M0.00%+54,277+81.4%Added