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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
State of New Jersey Common Pension Fund D298,479$23.0M0.10%−767−0.3%Reduced
Citadel Advisors LLC302,114$23.3M0.02%+34,691+13.0%Added
Rhumbline Advisers321,578$24.8M0.02%+3,199+1.0%Added
Loomis Sayles & Co L P322,910$24.9M0.04%−942−0.3%Reduced
ExodusPoint Capital Management, LP323,750$25.0M0.33%−138,696−30.0%Reduced
Systematic Financial Management LP324,167$25.0M0.71%−3,593−1.1%Reduced
Sumitomo Mitsui Trust Holdings, Inc.350,228$27.0M0.02%−12,495−3.4%Reduced
Wells Fargo & Company354,334$27.4M0.01%+9,928+2.9%Added
APG Asset Management US Inc.360,343$27.7M0.21%00.0%Unchanged
Adelante Capital Management LLC370,652$28.6M2.17%+358,767+3,018.7%Added
T. Rowe Price Investment Management, Inc.380,107$29.3M0.02%−39,794−9.5%Reduced
D. E. Shaw & Co., Inc.426,008$32.9M0.04%+13,080+3.2%Added
Price T Rowe Associates Inc436,655$33.7M0.00%+8,687+2.0%Added
Leeward Investments, LLC - MA454,016$35.0M1.86%−19,368−4.1%Reduced
California Public Employees Retirement System486,047$37.5M0.03%+2,211+0.5%Added
FMR LLC490,603$37.9M0.00%−1,172,344−70.5%Reduced
Heitman Real Estate Securities LLC500,292$38.6M2.50%−239,369−32.4%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH532,637$41.1M0.08%+532,637New
Deprince Race & Zollo Inc533,640$41.2M0.85%−7,300−1.3%Reduced
Bahl & Gaynor Inc549,225$42.4M0.22%+78,205+16.6%Added
Burkehill Global Management, LP550,000$42.5M3.16%+450,000+450.0%Added
SEI Investments Co586,273$45.3M0.06%+132,020+29.1%Added
Norges Bank609,185$47.0M0.01%−84,385−12.2%Reduced
Legal & General Group Plc665,108$51.3M0.01%+2,588+0.4%Added
William Blair Investment Management, LLC673,236$52.0M0.15%−18,281−2.6%Reduced
Citigroup Inc703,463$54.3M0.04%−9,582−1.3%Reduced
Voloridge Investment Management, LLC725,243$56.0M0.21%−49,863−6.4%Reduced
UBS Asset Management Americas Inc733,623$56.6M0.01%+26,202+3.7%Added
GEM Realty Capital742,060$57.3M5.96%+232,341+45.6%Added
Bank of America Corp752,603$58.1M0.01%+227,371+43.3%Added
Allspring Global Investments Holdings, LLC788,752$60.6M0.11%+90,408+12.9%Added
Cincinnati Insurance Co789,500$60.9M1.06%00.0%Unchanged
Janus Henderson Group PLC798,657$61.2M0.03%−5,792−0.7%Reduced
Cbre Clarion Securities LLC821,090$63.4M0.97%+407,820+98.7%Added
Nuveen, LLC911,254$64.8M0.02%+911,254New
Millennium Management LLC871,332$67.3M0.07%−299,965−25.6%Reduced
Resolution Capital Ltd907,475$70.0M1.36%+192,660+27.0%Added
Thrivent Financial for Lutherans937,575$72.4M0.16%−74,893−7.4%Reduced
PGGM Investments956,246$73.8M1.00%+791,598+480.8%Added
Wellington Management Group LLP1,016,593$78.5M0.02%+425,748+72.1%Added
GW&K Investment Management, LLC1,041,865$80.4M0.74%−14,206−1.3%Reduced
Frontier Capital Management Co LLC1,043,998$80.6M0.88%+13,793+1.3%Added
Bank of New York Mellon Corp1,087,610$84.0M0.02%−131,902−10.8%Reduced
Alyeska Investment Group, L.P.1,170,106$90.3M0.36%+99,155+9.3%Added
Balyasny Asset Management LLC1,195,091$92.2M0.23%+1,012,363+554.0%Added
Russell Investments Group, Ltd.1,276,096$98.5M0.14%+228,611+21.8%Added
Raymond James Financial Inc1,459,633$112.7M0.04%+20,575+1.4%Added
Two Sigma Investments, LP1,497,423$115.6M0.25%+569,390+61.4%Added
Northern Trust Corp1,546,582$119.4M0.02%+23,302+1.5%Added
Dimensional Fund Advisors LP1,581,170$122.0M0.03%+31,030+2.0%Added
Invesco Ltd.1,659,858$128.1M0.02%−552,994−25.0%Reduced
Charles Schwab Investment Management Inc1,695,297$130.9M0.02%+49,645+3.0%Added
Morgan Stanley1,727,313$133.3M0.01%+330,522+23.7%Added
American Century Companies Inc1,751,030$135.2M0.08%−143,017−7.6%Reduced
Prudential Financial Inc1,868,616$144.2M0.21%+928,077+98.7%Added
Macquarie Group Ltd1,934,040$149.3M0.19%−172,075−8.2%Reduced
Two Sigma Advisers, LP2,077,687$160.4M0.36%+920,100+79.5%Added
JPMorgan Chase & Co2,338,219$180.5M0.01%+353,884+17.8%Added
Daiwa Securities Group Inc.2,358,979$182.1M0.77%+125,602+5.6%Added
Centersquare Investment Management LLC2,431,960$187.7M1.94%+234,641+10.7%Added
Deutsche Bank AG2,528,230$195.2M0.08%+5,826+0.2%Added
Geode Capital Management, LLC2,509,590$203.1M0.02%+377,338+17.7%Added
Principal Financial Group Inc2,669,333$206.0M0.12%−58,986−2.2%Reduced
State Street Corp5,383,541$416.9M0.02%+119,519+2.3%Added
Cohen & Steers, Inc.9,866,824$761.6M1.41%+99,192+1.0%Added
BlackRock, Inc.12,997,431$1.00B0.02%−362,921−2.7%Reduced
Vanguard Group Inc14,913,633$1.15B0.02%+363,681+2.5%Added
Proequities, Inc.0$00.00%−14−100.0%Sold out
Long Pond Capital, LP0$00.00%−3,029,301−100.0%Sold out
Hudson Bay Capital Management LP0$00.00%−362,349−100.0%Sold out
Marshall Wace, LLP0$00.00%−261,974−100.0%Sold out
Waterfront Capital Partners, LLC0$00.00%−253,466−100.0%Sold out
Soros Fund Management LLCSuperinvestorSoros Fund Management0$00.00%−215,000−100.0%Sold out
Easterly Investment Partners LLC0$00.00%−117,540−100.0%Sold out
Crestline Management, LP0$00.00%−57,734−100.0%Sold out
Renaissance Technologies LLC0$00.00%−36,000−100.0%Sold out
Savant Capital, LLC0$00.00%−22,304−100.0%Sold out
Prelude Capital Management, LLC0$00.00%−22,196−100.0%Sold out
Nebula Research & Development LLC0$00.00%−13,853−100.0%Sold out
Virtus Investment Advisers, Inc.0$00.00%−7,815−100.0%Sold out
Fieldview Capital Management, LLC0$00.00%−6,621−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−5,889−100.0%Sold out
Kapitalo Investimentos Ltda0$00.00%−5,869−100.0%Sold out
Ballentine Partners, LLC0$00.00%−5,450−100.0%Sold out
Toroso Investments, LLC0$00.00%−5,122−100.0%Sold out
USA Financial Portformulas Corp0$00.00%−5,093−100.0%Sold out
Private Advisor Group, LLC0$00.00%−4,909−100.0%Sold out
Ontario Teachers Pension Plan Board0$00.00%−4,853−100.0%Sold out
Kovack Advisors, Inc.0$00.00%−4,290−100.0%Sold out
PEAK6 LLC0$00.00%−3,153−100.0%Sold out
PharVision Advisers, LLC0$00.00%−3,120−100.0%Sold out
Custom Index Systems, LLC0$00.00%−2,863−100.0%Sold out
Venturi Wealth Management, LLC0$00.00%−2,227−100.0%Sold out
Coppell Advisory Solutions LLC0$00.00%−2,025−100.0%Sold out
Vestcor Inc0$00.00%−1,480−100.0%Sold out
Arcadia Investment Management Corp0$00.00%−1,000−100.0%Sold out
FIL Ltd0$00.00%−863−100.0%Sold out
Financial Life Planners0$00.00%−626−100.0%Sold out
TD Waterhouse Canada Inc.0$00.00%−293−100.0%Sold out
Bartlett & Co. Wealth Management LLC0$00.00%−100−100.0%Sold out