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, Q4 2025
Institutional positions in Agree Realty Corp as of Dec 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
- 492
- +20 vs. Q3 2025
- Shares held
- 129.5M
- +3.69M (+2.9%) vs. Q3 2025
- Total value
- $9.33B
- +$389.8M (+4.4%) vs. Q3 2025
- New holders
- 63
- 195 more added
- Sold out
- 43
- 169 more reduced
7 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 497 | $10.8B |
| Q1 2026 | 502 | $10.5B |
| Q4 2025 | 492 | $9.33B |
| Q3 2025 | 479 | $8.97B |
| Q2 2025 | 471 | $9.15B |
| Q1 2025 | 467 | $9.36B |
| Q4 2024 | 451 | $8.27B |
| Q3 2024 | 431 | $8.39B |
| Q2 2024 | 409 | $6.46B |
| Q1 2024 | 395 | $5.71B |
| Q4 2023 | 367 | $6.42B |
| Q3 2023 | 372 | $5.27B |
| Q2 2023 | 375 | $6.23B |
| Q1 2023 | 360 | $6.70B |
| Q4 2022 | 358 | $6.97B |
| Q3 2022 | 360 | $6.34B |
| Q2 2022 | 340 | $6.22B |
| Q1 2022 | 319 | $5.18B |
| Q4 2021 | 326 | $5.44B |
| Q3 2021 | 322 | $4.84B |
| Q2 2021 | 312 | $5.47B |
| Q1 2021 | 301 | $4.58B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Agree Realty Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 16,787,396 | $1.21B | 0.02% | +728,383+4.5% | Added |
| Vanguard Group Inc | 15,731,141 | $1.13B | 0.02% | +84,568+0.5% | Added |
| Cohen & Steers, Inc. | 14,094,952 | $1.02B | 1.84% | +649,301+4.8% | Added |
| State Street Corp | 5,884,291 | $425.3M | 0.01% | +91,766+1.6% | Added |
| Principal Financial Group Inc | 4,293,556 | $309.3M | 0.16% | +1,918,427+80.8% | Added |
| Centersquare Investment Management LLC | 3,299,172 | $237.6M | 2.35% | +402,943+13.9% | Added |
| JPMorgan Chase & Co | 2,843,441 | $204.8M | 0.01% | +826,719+41.0% | Added |
| Geode Capital Management, LLC | 2,509,922 | $180.8M | 0.01% | +117,346+4.9% | Added |
| Daiwa Securities Group Inc. | 2,262,991 | $163.0M | 0.53% | −99,405−4.2% | Reduced |
| Two Sigma Advisers, LP | 2,258,287 | $162.7M | 0.32% | +92,400+4.3% | Added |
| Deutsche Bank AG | 2,175,773 | $156.7M | 0.05% | −420,215−16.2% | Reduced |
| Charles Schwab Investment Management Inc | 1,955,974 | $140.9M | 0.02% | +132,465+7.3% | Added |
| Prudential Financial Inc | 1,793,978 | $129.2M | 0.16% | +79,039+4.6% | Added |
| Nomura Asset Management International Inc. | 1,779,224 | $128.2M | 0.19% | +1,779,224 | New |
| Two Sigma Investments, LP | 1,690,448 | $121.8M | 0.18% | −34,965−2.0% | Reduced |
| Dimensional Fund Advisors LP | 1,682,009 | $121.2M | 0.03% | +56,609+3.5% | Added |
| Norges Bank | 1,612,027 | $116.1M | 0.01% | +1,612,027 | New |
| Millennium Management LLC | 1,433,553 | $103.3M | 0.07% | +170,842+13.5% | Added |
| Morgan Stanley | 1,307,232 | $94.2M | 0.01% | +118,743+10.0% | Added |
| Raymond James Financial Inc | 1,263,936 | $91.2M | 0.03% | −25,601−2.0% | Reduced |
| Janus Henderson Group PLC | 1,252,677 | $90.2M | 0.04% | −133,628−9.6% | Reduced |
| Nuveen, LLC | 1,220,295 | $87.9M | 0.02% | −293,938−19.4% | Reduced |
| Engineers Gate Manager LP | 1,182,229 | $85.2M | 1.01% | +1,144,617+3,043.2% | Added |
| Northern Trust Corp | 1,116,199 | $80.4M | 0.01% | −564,086−33.6% | Reduced |
| PGGM Investments | 1,027,100 | $74.0M | 1.17% | −141,927−12.1% | Reduced |
| Citadel Advisors LLC | 991,678 | $71.4M | 0.05% | −652,073−39.7% | Reduced |
| Duff & Phelps Investment Management Co | 957,943 | $69.0M | 0.78% | +119,373+14.2% | Added |
| Russell Investments Group, Ltd. | 947,882 | $68.3M | 0.07% | −321,742−25.3% | Reduced |
| Bank of New York Mellon Corp | 928,905 | $66.9M | 0.01% | −48,744−5.0% | Reduced |
| Bank of America Corp | 923,081 | $66.5M | 0.00% | +133,623+16.9% | Added |
| GW&K Investment Management, LLC | 906,544 | $65.3M | 0.56% | −71,932−7.4% | Reduced |
| SEI Investments Co | 826,316 | $59.5M | 0.06% | +142,522+20.8% | Added |
| Frontier Capital Management Co LLC | 806,232 | $58.1M | 0.62% | −117,744−12.7% | Reduced |
| Cincinnati Insurance Co | 789,500 | $56.9M | 0.87% | 00.0% | Unchanged |
| American Century Companies Inc | 788,390 | $56.8M | 0.03% | −4,922−0.6% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 727,114 | $52.4M | 0.03% | +48,130+7.1% | Added |
| UBS Asset Management Americas Inc | 710,056 | $51.1M | 0.01% | −4,716−0.7% | Reduced |
| Legal & General Group Plc | 707,930 | $51.0M | 0.01% | +57,559+8.9% | Added |
| Lasalle Investment Management Securities LLC | 674,524 | $48.6M | 1.95% | +39,119+6.2% | Added |
| Freestone Grove Partners LP | 635,736 | $45.8M | 0.33% | +343,240+117.3% | Added |
| Balyasny Asset Management LLC | 633,227 | $45.6M | 0.09% | −994,656−61.1% | Reduced |
| Voloridge Investment Management, LLC | 624,943 | $45.0M | 0.16% | +29,597+5.0% | Added |
| Bahl & Gaynor Inc | 598,399 | $43.1M | 0.22% | −6,228−1.0% | Reduced |
| Alyeska Investment Group, L.P. | 586,091 | $42.2M | 0.12% | −250,761−30.0% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 508,574 | $36.8M | 0.06% | +45,677+9.9% | Added |
| Invesco Ltd. | 468,934 | $33.8M | 0.00% | +46,492+11.0% | Added |
| Goldman Sachs Group Inc | 451,139 | $32.5M | 0.00% | +203,632+82.3% | Added |
| Adelante Capital Management LLC | 438,415 | $31.6M | 2.20% | −3,190−0.7% | Reduced |
| Leeward Investments, LLC - MA | 404,859 | $29.2M | 1.48% | −9,811−2.4% | Reduced |
| Fort Washington Investment Advisors Inc | 388,843 | $28.0M | 0.15% | +13,341+3.6% | Added |
| Holocene Advisors, LP | 387,093 | $27.9M | 0.06% | +387,093 | New |
| Gotham Asset Management, LLC | 364,533 | $26.3M | 0.10% | +206,444+130.6% | Added |
| Thrivent Financial for Lutherans | 354,570 | $25.5M | 0.05% | +11,655+3.4% | Added |
| Wells Fargo & Company | 353,367 | $25.5M | 0.00% | −791−0.2% | Reduced |
| Heitman Real Estate Securities LLC | 352,980 | $25.4M | 1.79% | +276,600+362.1% | Added |
| William Blair Investment Management, LLC | 352,710 | $25.4M | 0.07% | −25,271−6.7% | Reduced |
| Neuberger Berman Group LLC | 335,483 | $24.2M | 0.02% | −2,095−0.6% | Reduced |
| Systematic Financial Management LP | 325,747 | $23.5M | 0.55% | +1550.0% | Added |
| AQR Capital Management LLC | 325,082 | $23.4M | 0.01% | −24,712−7.1% | Reduced |
| Rhumbline Advisers | 324,480 | $23.4M | 0.02% | +6,570+2.1% | Added |
| HRT Financial LP | 323,065 | $23.3M | 0.07% | −64,216−16.6% | Reduced |
| Allspring Global Investments Holdings, LLC | 320,172 | $23.1M | 0.04% | −288,858−47.4% | Reduced |
| Loomis Sayles & Co L P | 316,106 | $22.8M | 0.03% | +5,598+1.8% | Added |
| Envestnet Asset Management Inc | 306,328 | $22.1M | 0.01% | −12,883−4.0% | Reduced |
| APG Asset Management US Inc. | 302,697 | $21.8M | 0.17% | −132,646−30.5% | Reduced |
| UBS Group AG | 302,257 | $21.8M | 0.00% | +67,686+28.9% | Added |
| Sophron Capital Management L.P. | 301,782 | $21.7M | 6.99% | −17,134−5.4% | Reduced |
| State of New Jersey Common Pension Fund D | 301,132 | $21.7M | 0.08% | +453+0.2% | Added |
| Lighthouse Investment Partners, LLC | 300,470 | $21.6M | 0.72% | +90,470+43.1% | Added |
| California Public Employees Retirement System | 300,308 | $21.6M | 0.01% | −68,812−18.6% | Reduced |
| Apollo Management Holdings, L.P. | 298,880 | $21.5M | 0.21% | +298,880 | New |
| HSBC Holdings PLC | 295,693 | $21.3M | 0.01% | +60,159+25.5% | Added |
| Public Employees Retirement System of Ohio | 265,134 | $19.1M | 0.06% | −2,798−1.0% | Reduced |
| LMR Partners LLP | 261,995 | $18.9M | 0.18% | +261,995 | New |
| Great West Life Assurance Co | 250,203 | $18.0M | 0.03% | −756−0.3% | Reduced |
| STRS Ohio | 234,613 | $16.9M | 0.06% | +40,121+20.6% | Added |
| Aristotle Capital Boston, LLC | 221,606 | $16.0M | 0.88% | −24,179−9.8% | Reduced |
| Ameriprise Financial Inc | 221,199 | $15.9M | 0.00% | +24,174+12.3% | Added |
| Cander Asset Management LP | 218,620 | $15.7M | 2.91% | +218,620 | New |
| Swiss National Bank | 218,282 | $15.7M | 0.01% | −3,700−1.7% | Reduced |
| Barclays PLC | 213,289 | $15.4M | 0.01% | −17,121−7.4% | Reduced |
| Asset Management One Co.,Ltd. | 210,099 | $15.2M | 0.04% | +863+0.4% | Added |
| State of Wisconsin Investment Board | 202,315 | $14.6M | 0.03% | +3,517+1.8% | Added |
| Impax Asset Management Group plc | 200,000 | $14.4M | 0.09% | 00.0% | Unchanged |
| Alliancebernstein L.P. | 176,734 | $12.7M | 0.00% | +24,237+15.9% | Added |
| Hazelview Securities Inc. | 175,224 | $12.6M | 2.43% | −58,060−24.9% | Reduced |
| Virginia Retirement Systems Et Al | 172,678 | $12.4M | 0.07% | +12,300+7.7% | Added |
| Ceredex Value Advisors LLC | 172,500 | $12.4M | 0.37% | −2,100−1.2% | Reduced |
| Nomura Asset Management Co Ltd | 171,500 | $12.4M | 0.03% | +11,170+7.0% | Added |
| Creative Planning | 166,458 | $12.0M | 0.01% | +46,694+39.0% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 162,975 | $11.7M | 0.01% | +136,200+508.7% | Added |
| Clearbridge Investments, LLC | 159,515 | $11.5M | 0.01% | −1,699−1.1% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 153,667 | $11.1M | 0.03% | −126,579−45.2% | Reduced |
| BNP Paribas Arbitrage, SA | 151,476 | $10.9M | 0.01% | +17,107+12.7% | Added |
| D. E. Shaw & Co., Inc. | 151,241 | $10.9M | 0.01% | −98,101−39.3% | Reduced |
| Point72 Asset Management, L.P. | 149,183 | $10.7M | 0.02% | +133,758+867.2% | Added |
| Susquehanna Portfolio Strategies, LLC | 148,832 | $10.7M | 0.17% | +86,819+140.0% | Added |
| Royal Bank of Canada | 146,909 | $10.6M | 0.00% | −63,183−30.1% | Reduced |
| Citigroup Inc | 141,808 | $10.2M | 0.01% | −21,353−13.1% | Reduced |
| Franklin Resources Inc | 138,462 | $9.97M | 0.00% | +12,491+9.9% | Added |