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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, Q3 2025

Institutional positions in Agree Realty Corp as of Sep 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
479
+15 vs. Q2 2025
Shares held
126.3M
+2.13M (+1.7%) vs. Q2 2025
Total value
$8.97B
−$107.3M (−1.2%) vs. Q2 2025
New holders
61
201 more added
Sold out
46
152 more reduced

7 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 479 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 heldQ3 2025: $8.97B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Agree Realty Corp; share changes are against Q2 2025.

Institutions holding ADC in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Hazelview Securities Inc.233,284$16.6M3.12%−71,949−23.6%Reduced
UBS Group AG234,571$16.7M0.00%−48,665−17.2%Reduced
HSBC Holdings PLC235,534$16.7M0.01%−49,588−17.4%Reduced
Qube Research & Technologies Ltd240,346$17.1M0.02%+33,743+16.3%Added
Aristotle Capital Boston, LLC245,785$17.5M0.90%−4,084−1.6%Reduced
Goldman Sachs Group Inc247,507$17.6M0.00%+33,273+15.5%Added
Great West Life Assurance Co250,959$17.7M0.03%+15,126+6.4%Added
D. E. Shaw & Co., Inc.249,342$17.7M0.01%−326,392−56.7%Reduced
Burkehill Global Management, LP250,000$17.8M1.01%−300,000−54.5%Reduced
Public Employees Retirement System of Ohio267,932$19.0M0.06%+7,958+3.1%Added
Price T Rowe Associates Inc271,646$19.3M0.00%+5,639+2.1%Added
Connor, Clark & Lunn Investment Management Ltd.280,246$19.9M0.06%+164,342+141.8%Added
Freestone Grove Partners LP292,496$20.8M0.16%+292,496New
Cubist Systematic Strategies, LLC295,115$21.0M0.30%+8,607+3.0%Added
State of New Jersey Common Pension Fund D300,679$21.4M0.08%+2,619+0.9%Added
Loomis Sayles & Co L P310,508$22.1M0.03%−20,828−6.3%Reduced
Rhumbline Advisers317,910$22.6M0.02%−6,118−1.9%Reduced
Sophron Capital Management L.P.318,916$22.7M6.98%−33,485−9.5%Reduced
Envestnet Asset Management Inc319,211$22.7M0.01%+36,312+12.8%Added
Schroder Investment Management Group326,453$22.9M0.02%+73,894+29.3%Added
Systematic Financial Management LP325,592$23.1M0.56%−2,132−0.7%Reduced
Neuberger Berman Group LLC337,578$24.0M0.02%+37,184+12.4%Added
Thrivent Financial for Lutherans342,915$24.4M0.05%+25,236+7.9%Added
AQR Capital Management LLC349,794$24.6M0.02%+22,039+6.7%Added
Wells Fargo & Company354,158$25.2M0.01%+1,440+0.4%Added
California Public Employees Retirement System369,120$26.2M0.02%−58,276−13.6%Reduced
Fort Washington Investment Advisors Inc375,502$26.7M0.14%+136,118+56.9%Added
William Blair Investment Management, LLC377,981$26.9M0.07%+1,482+0.4%Added
HRT Financial LP387,281$27.5M0.10%+91,867+31.1%Added
Leeward Investments, LLC - MA414,670$29.5M1.51%−11,400−2.7%Reduced
Invesco Ltd.422,442$30.0M0.00%−998,254−70.3%Reduced
Resolution Capital Ltd423,011$30.1M0.58%+88,371+26.4%Added
APG Asset Management US Inc.435,343$31.2M0.23%00.0%Unchanged
Adelante Capital Management LLC441,605$31.4M2.17%+13,995+3.3%Added
Tudor Investment Corp Et Al444,902$31.6M0.20%−120,537−21.3%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH462,897$32.9M0.05%−76,135−14.1%Reduced
Voloridge Investment Management, LLC595,346$42.3M0.14%−128,945−17.8%Reduced
Bahl & Gaynor Inc604,627$43.0M0.21%+8,219+1.4%Added
Allspring Global Investments Holdings, LLC609,030$43.7M0.07%+179,808+41.9%Added
Lasalle Investment Management Securities LLC635,405$45.1M1.77%+429,469+208.5%Added
Legal & General Group Plc650,371$46.2M0.01%−68,431−9.5%Reduced
Sumitomo Mitsui Trust Holdings, Inc.678,984$48.2M0.03%+313,431+85.7%Added
SEI Investments Co683,794$48.6M0.05%+42,569+6.6%Added
UBS Asset Management Americas Inc714,772$50.8M0.01%+601,689+532.1%Added
Bank of America Corp789,458$56.1M0.00%−161,638−17.0%Reduced
Cincinnati Insurance Co789,500$56.1M0.87%00.0%Unchanged
American Century Companies Inc793,312$56.4M0.03%−61,304−7.2%Reduced
Alyeska Investment Group, L.P.836,852$59.4M0.18%−99,541−10.6%Reduced
Duff & Phelps Investment Management Co838,570$59.6M0.68%+634,520+311.0%Added
Westwood Holdings Group Inc.841,997$59.8M0.43%−52,828−5.9%Reduced
Frontier Capital Management Co LLC923,976$65.6M0.59%−113,214−10.9%Reduced
Bank of New York Mellon Corp977,649$69.5M0.01%−50,817−4.9%Reduced
GW&K Investment Management, LLC978,476$69.5M0.62%−35,473−3.5%Reduced
PGGM Investments1,169,027$83.0M1.34%+212,781+22.3%Added
Morgan Stanley1,188,489$84.4M0.01%−241,863−16.9%Reduced
Millennium Management LLC1,262,711$89.7M0.07%+327,389+35.0%Added
Russell Investments Group, Ltd.1,269,624$90.2M0.10%+2,767+0.2%Added
Raymond James Financial Inc1,289,537$91.6M0.03%−32,118−2.4%Reduced
Janus Henderson Group PLC1,386,305$98.5M0.04%+82,397+6.3%Added
Nuveen, LLC1,514,233$107.6M0.03%−178,293−10.5%Reduced
Dimensional Fund Advisors LP1,625,400$115.5M0.02%+11,128+0.7%Added
Balyasny Asset Management LLC1,627,883$115.6M0.23%+392,400+31.8%Added
Citadel Advisors LLC1,643,751$116.8M0.09%+908,605+123.6%Added
Northern Trust Corp1,680,285$119.4M0.02%+52,779+3.2%Added
Prudential Financial Inc1,714,939$121.8M0.14%−84,983−4.7%Reduced
Two Sigma Investments, LP1,725,413$122.6M0.19%−82,160−4.5%Reduced
Charles Schwab Investment Management Inc1,823,509$129.5M0.02%+42,889+2.4%Added
Macquarie Group Ltd1,970,877$140.0M0.16%+62,573+3.3%Added
JPMorgan Chase & Co2,016,722$143.3M0.01%+799,185+65.6%Added
Two Sigma Advisers, LP2,165,887$153.9M0.31%+27,700+1.3%Added
Daiwa Securities Group Inc.2,362,396$167.8M0.57%+15,389+0.7%Added
Principal Financial Group Inc2,375,129$168.7M0.09%−128,131−5.1%Reduced
Geode Capital Management, LLC2,392,576$170.0M0.01%−287,841−10.7%Reduced
Deutsche Bank AG2,595,988$184.4M0.06%−368,877−12.4%Reduced
Centersquare Investment Management LLC2,896,229$205.7M2.07%+51,269+1.8%Added
State Street Corp5,792,525$413.0M0.01%+27,546+0.5%Added
Cohen & Steers, Inc.13,445,651$955.1M1.72%+1,054,968+8.5%Added
Vanguard Group Inc15,646,573$1.11B0.02%+329,892+2.2%Added
BlackRock, Inc.16,059,013$1.14B0.02%+785,866+5.1%Added
GEM Realty Capital0$00.00%−386,448−100.0%Sold out
Ghisallo Capital Management LLC0$00.00%−250,000−100.0%Sold out
Brookfield Asset Management Inc.0$00.00%−100,565−100.0%Sold out
AXA S.A.0$00.00%−88,680−100.0%Sold out
Twin Tree Management, LP0$00.00%−42,513−100.0%Sold out
Deprince Race & Zollo Inc0$00.00%−41,627−100.0%Sold out
GSI Capital Advisors LLC0$00.00%−39,483−100.0%Sold out
Employees Retirement System of Texas0$00.00%−38,368−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−29,662−100.0%Sold out
Ilex Capital Partners (UK) LLP0$00.00%−27,642−100.0%Sold out
HGI Capital Management, LLC0$00.00%−26,176−100.0%Sold out
Arrowstreet Capital, Limited Partnership0$00.00%−25,661−100.0%Sold out
Nicola Wealth Management Ltd.0$00.00%−20,296−100.0%Sold out
Capital Fund Management S.A.0$00.00%−19,355−100.0%Sold out
Lecap Asset Management Ltd0$00.00%−13,955−100.0%Sold out
Friedenthal Financial0$00.00%−11,894−100.0%Sold out
Scientech Research LLC0$00.00%−10,928−100.0%Sold out
WESPAC Advisors, LLC0$00.00%−10,886−100.0%Sold out
RSM US Wealth Management LLC0$00.00%−9,635−100.0%Sold out
Ontario Teachers Pension Plan Board0$00.00%−9,267−100.0%Sold out
Virtu Financial LLC0$00.00%−7,603−100.0%Sold out