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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, Q2 2025

Institutional positions in Agree Realty Corp as of Jun 30, 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
471
+8 vs. Q1 2025
Shares held
125.1M
+3.95M (+3.3%) vs. Q1 2025
Total value
$9.15B
−$205.7M (−2.2%) vs. Q1 2025
New holders
62
214 more added
Sold out
54
142 more reduced

4 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 471 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 heldQ2 2025: $9.15B
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, Q2 2025

Shares, value and share of portfolio for each institution holding Agree Realty Corp; share changes are against Q1 2025.

Institutions holding ADC in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
HSBC Holdings PLC285,122$20.7M0.01%+202,360+244.5%Added
Envestnet Asset Management Inc282,899$20.7M0.01%−10,854−3.7%Reduced
UBS Group AG283,236$20.7M0.00%+48,445+20.6%Added
Cubist Systematic Strategies, LLC286,508$20.9M0.23%+271,464+1,804.5%Added
HRT Financial LP295,414$21.6M0.10%+147,633+99.9%Added
State of New Jersey Common Pension Fund D298,060$21.8M0.08%−419−0.1%Reduced
Hazelview Securities Inc.305,233$21.8M3.86%+18,534+6.5%Added
Neuberger Berman Group LLC300,394$21.9M0.02%+287,900+2,304.3%Added
Thrivent Financial for Lutherans317,679$23.2M0.05%−619,896−66.1%Reduced
Rhumbline Advisers324,028$23.7M0.02%+2,450+0.8%Added
AQR Capital Management LLC327,755$23.7M0.02%+47,602+17.0%Added
Systematic Financial Management LP327,724$23.9M0.64%+3,557+1.1%Added
Loomis Sayles & Co L P331,336$24.2M0.03%+8,426+2.6%Added
Resolution Capital Ltd334,640$24.4M0.48%−572,835−63.1%Reduced
Sophron Capital Management L.P.352,401$25.7M7.88%+174,514+98.1%Added
Wells Fargo & Company352,718$25.8M0.01%−1,616−0.5%Reduced
Heitman Real Estate Securities LLC362,824$26.5M1.88%−137,468−27.5%Reduced
Sumitomo Mitsui Trust Holdings, Inc.365,553$26.7M0.02%+15,325+4.4%Added
William Blair Investment Management, LLC376,499$27.5M0.07%−296,737−44.1%Reduced
GEM Realty Capital386,448$28.2M2.71%−355,612−47.9%Reduced
Leeward Investments, LLC - MA426,070$31.1M1.66%−27,946−6.2%Reduced
California Public Employees Retirement System427,396$31.2M0.02%−58,651−12.1%Reduced
Adelante Capital Management LLC427,610$31.2M2.41%+56,958+15.4%Added
Allspring Global Investments Holdings, LLC429,222$31.3M0.05%−359,530−45.6%Reduced
APG Asset Management US Inc.435,343$31.7M0.24%+75,000+20.8%Added
Universal- Beteiligungs- und Servicegesellschaft mbH539,032$39.4M0.07%+6,395+1.2%Added
Wellington Management Group LLP542,681$39.6M0.01%−473,912−46.6%Reduced
Burkehill Global Management, LP550,000$40.2M2.97%00.0%Unchanged
Tudor Investment Corp Et Al565,439$41.3M0.31%+480,911+568.9%Added
D. E. Shaw & Co., Inc.575,734$42.1M0.04%+149,726+35.1%Added
Bahl & Gaynor Inc596,408$43.6M0.22%+47,183+8.6%Added
Citigroup Inc616,211$45.0M0.03%−87,252−12.4%Reduced
SEI Investments Co641,225$46.8M0.05%+54,952+9.4%Added
Legal & General Group Plc718,802$52.5M0.01%+53,694+8.1%Added
Voloridge Investment Management, LLC724,291$52.9M0.19%−952−0.1%Reduced
Citadel Advisors LLC735,146$53.7M0.05%+433,032+143.3%Added
Cincinnati Insurance Co789,500$57.7M0.97%00.0%Unchanged
American Century Companies Inc854,616$62.4M0.03%−896,414−51.2%Reduced
Norges Bank890,085$65.0M0.01%+280,900+46.1%Added
Westwood Holdings Group Inc.894,825$65.4M0.47%+894,825New
Millennium Management LLC935,322$68.3M0.06%+63,990+7.3%Added
Alyeska Investment Group, L.P.936,393$68.4M0.24%−233,713−20.0%Reduced
Bank of America Corp951,096$69.5M0.01%+198,493+26.4%Added
PGGM Investments956,246$69.9M1.21%00.0%Unchanged
GW&K Investment Management, LLC1,013,949$74.1M0.66%−27,916−2.7%Reduced
Bank of New York Mellon Corp1,028,466$75.1M0.01%−59,144−5.4%Reduced
Frontier Capital Management Co LLC1,037,190$75.8M0.70%−6,808−0.7%Reduced
JPMorgan Chase & Co1,217,537$89.0M0.01%−1,120,682−47.9%Reduced
Balyasny Asset Management LLC1,235,483$90.3M0.21%+40,392+3.4%Added
Russell Investments Group, Ltd.1,266,857$92.6M0.12%−9,239−0.7%Reduced
Janus Henderson Group PLC1,303,908$95.3M0.05%+505,251+63.3%Added
Raymond James Financial Inc1,321,655$96.6M0.03%−137,978−9.5%Reduced
Invesco Ltd.1,420,696$103.8M0.02%−239,162−14.4%Reduced
Morgan Stanley1,430,352$104.5M0.01%−296,961−17.2%Reduced
Dimensional Fund Advisors LP1,614,272$117.9M0.03%+33,102+2.1%Added
Northern Trust Corp1,627,506$118.9M0.02%+80,924+5.2%Added
Nuveen, LLC1,692,526$123.7M0.03%+781,272+85.7%Added
Charles Schwab Investment Management Inc1,780,620$130.1M0.02%+85,323+5.0%Added
Prudential Financial Inc1,799,922$131.5M0.17%−68,694−3.7%Reduced
Two Sigma Investments, LP1,807,573$132.1M0.24%+310,150+20.7%Added
Macquarie Group Ltd1,908,304$139.4M0.17%−25,736−1.3%Reduced
Two Sigma Advisers, LP2,138,187$156.2M0.32%+60,500+2.9%Added
Daiwa Securities Group Inc.2,347,007$171.5M0.63%−11,972−0.5%Reduced
Principal Financial Group Inc2,503,260$182.9M0.10%−166,073−6.2%Reduced
Geode Capital Management, LLC2,680,417$205.5M0.01%+170,827+6.8%Added
Centersquare Investment Management LLC2,844,960$207.9M2.16%+413,000+17.0%Added
Deutsche Bank AG2,964,865$216.6M0.08%+436,635+17.3%Added
State Street Corp5,764,979$422.6M0.02%+381,438+7.1%Added
Cohen & Steers, Inc.12,390,683$905.2M1.66%+2,523,859+25.6%Added
BlackRock, Inc.15,273,147$1.12B0.02%+2,275,716+17.5%Added
Vanguard Group Inc15,316,681$1.12B0.02%+403,048+2.7%Added
Cbre Clarion Securities LLC0$00.00%−821,090−100.0%Sold out
T. Rowe Price Investment Management, Inc.0$00.00%−380,107−100.0%Sold out
Gillson Capital LP0$00.00%−254,350−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−118,186−100.0%Sold out
Edgestream Partners, L.P.0$00.00%−86,707−100.0%Sold out
Jain Global LLC0$00.00%−76,931−100.0%Sold out
BI Asset Management Fondsmaeglerselskab A/S0$00.00%−71,000−100.0%Sold out
Greenland Capital Management LP0$00.00%−68,363−100.0%Sold out
MetLife Investment Management0$00.00%−62,398−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−59,501−100.0%Sold out
Portfolio Design Labs, LLC0$00.00%−41,368−100.0%Sold out
Quest Partners LLC0$00.00%−40,831−100.0%Sold out
Element Capital Management LLC0$00.00%−35,966−100.0%Sold out
Ascent Group, LLC0$00.00%−31,862−100.0%Sold out
Transcend Wealth Collective, LLC0$00.00%−24,934−100.0%Sold out
Entropy Technologies, LP0$00.00%−23,172−100.0%Sold out
Freestone Grove Partners LP0$00.00%−19,986−100.0%Sold out
Fox Run Management, L.L.C.0$00.00%−19,035−100.0%Sold out
Walleye Capital LLC0$00.00%−14,925−100.0%Sold out
New York Life Investment Management LLC0$00.00%−10,972−100.0%Sold out
Pinebridge Investments, L.P.0$00.00%−10,343−100.0%Sold out
Aster Capital Management (DIFC) Ltd0$00.00%−8,958−100.0%Sold out
Trust Point Inc.0$00.00%−7,980−100.0%Sold out
Azzad Asset Management Inc0$00.00%−6,884−100.0%Sold out
Pacer Advisors, Inc.0$00.00%−6,730−100.0%Sold out
United Services Automobile Association0$00.00%−6,555−100.0%Sold out
Nomura Holdings Inc0$00.00%−5,559−100.0%Sold out
Abel Hall, LLC0$00.00%−5,124−100.0%Sold out
Two Sigma Securities, LLC0$00.00%−4,720−100.0%Sold out