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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, 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.

Institutional holdersQ4 2025: 492 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 heldQ4 2025: $9.33B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Agree Realty Corp; share changes are against Q3 2025.

Institutions holding ADC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Bryn Mawr Trust Co950$68.4K0.00%00.0%Unchanged
Massmutual Trust Co FSB985$71.0K0.00%−7−0.7%Reduced
EverSource Wealth Advisors, LLC989$71.2K0.00%−308−23.7%Reduced
Danske Bank A/S1,100$79.2K0.00%+200+22.2%Added
Steward Partners Investment Advisory, LLC1,108$79.8K0.00%−32−2.8%Reduced
Brown Brothers Harriman & Co1,139$82.0K0.00%−40−3.4%Reduced
Pinnacle Wealth Planning Services, Inc.1,145$82.5K0.01%+1,145New
MAI Capital Management1,234$88.9K0.00%+674+120.4%Added
Horizon Investments, LLC1,236$89.0K0.00%+1,236New
Farther Finance Advisors, LLC1,358$97.8K0.00%+540+66.0%Added
Ronald Blue Trust, Inc.1,379$99.3K0.00%−77−5.3%Reduced
Jones Financial Companies LLLP1,465$105.5K0.00%+301+25.9%Added
Private Trust Co NA1,469$105.8K0.01%−204−12.2%Reduced
Northwestern Mutual Wealth Management Co1,560$112.4K0.00%−44−2.7%Reduced
Quarry LP1,599$115.2K0.02%+1,344+527.1%Added
Smartleaf Asset Management LLC1,629$118.7K0.00%+261+19.1%Added
Rockefeller Capital Management L.P.1,666$120.0K0.00%+68+4.3%Added
Larson Financial Group LLC1,804$130.0K0.00%+89+5.2%Added
GF Fund Management Co. Ltd.1,834$132.1K0.00%−78−4.1%Reduced
FIL Ltd1,873$134.9K0.00%−564−23.1%Reduced
Virtus Investment Advisers, Inc.2,248$161.9K0.04%+2,248New
Harvest Fund Management Co., Ltd2,369$171.0K0.01%00.0%Unchanged
Canada Pension Plan Investment Board2,700$194.5K0.00%+2,700New
Central Pacific Bank - Trust Division2,704$194.8K0.02%−200−6.9%Reduced
Global Retirement Partners, LLC2,774$199.8K0.00%+2,245+424.4%Added
Allie Family Office LLC2,814$202.7K0.09%+2,814New
United Capital Financial Advisers, LLC2,865$206.4K0.00%−197−6.4%Reduced
Fifth Third Wealth Advisors LLC2,884$207.7K0.01%+5+0.2%Added
Private Advisor Group, LLC2,925$210.7K0.00%+2,925New
Cullen Capital Management LLC2,950$212.5K0.00%00.0%Unchanged
DRW Securities, LLC2,951$212.6K0.02%−4,208−58.8%Reduced
1492 Capital Management LLC2,973$214.1K0.08%00.0%Unchanged
HighPoint Advisor Group LLC3,041$219.1K0.00%−121−3.8%Reduced
Resources Investment Advisors, LLC.3,045$219.3K0.00%−342−10.1%Reduced
CIBC Asset Management Inc3,174$228.6K0.00%00.0%Unchanged
KBC Group NV3,204$231.0K0.00%00.0%Unchanged
Mirae Asset Global Investments Co., Ltd.3,235$233.0K0.00%+727+29.0%Added
Regions Financial Corp3,279$236.2K0.00%+59+1.8%Added
Fiduciary Trust Co3,287$236.8K0.00%−2,203−40.1%Reduced
Brucke Financial, Inc.3,326$239.6K0.13%+3,326New
Wealth Quarterback LLC3,358$241.9K0.09%+398+13.4%Added
Colony Group, LLC3,371$242.9K0.00%−1,113−24.8%Reduced
Pure Financial Advisors, Inc.3,383$243.7K0.00%+3,383New
SRS Capital Advisors, Inc.3,635$261.8K0.01%−1,667−31.4%Reduced
Teacher Retirement System of Texas3,686$265.5K0.00%−15,539−80.8%Reduced
Shelton Capital Management3,709$267.2K0.01%00.0%Unchanged
North Dakota State Investment Board3,826$275.6K0.01%+3,826New
NewEdge Wealth, LLC3,836$276.3K0.00%+31+0.8%Added
GAMMA Investing LLC3,883$279.7K0.01%+697+21.9%Added
Bailard, Inc.3,890$280.2K0.01%00.0%Unchanged
Hantz Financial Services, Inc.4,022$290.0K0.00%+1,485+58.5%Added
Skopos Labs, Inc.4,076$295.7K0.01%+4,076New
QRG Capital Management, Inc.4,126$297.2K0.00%+731+21.5%Added
Atomi Financial Group, Inc.4,177$300.9K0.01%+643+18.2%Added
Cornercap Investment Counsel Inc4,255$306.5K0.15%−56−1.3%Reduced
Gen-Wealth Partners Inc4,490$323.4K0.10%+488+12.2%Added
ProShare Advisors LLC4,601$331.4K0.00%−98−2.1%Reduced
Baird Financial Group, Inc.4,689$337.7K0.00%+113+2.5%Added
Greenleaf Trust4,699$338.5K0.00%−260−5.2%Reduced
Clarkston Capital Partners, LLC4,700$338.5K0.01%00.0%Unchanged
Parallel Advisors, LLC4,853$349.6K0.01%+2,241+85.8%Added
Envestnet Portfolio Solutions, Inc.4,881$351.6K0.00%+226+4.9%Added
EP Wealth Advisors, LLC4,897$352.7K0.00%+4,897New
J.W. Cole Advisors, Inc.5,102$359.7K0.01%−226−4.2%Reduced
Kestra Advisory Services, LLC5,050$363.7K0.00%−1,144−18.5%Reduced
CWM, LLC5,090$367.0K0.00%+94+1.9%Added
Swiss Life Asset Management Ltd5,169$372.3K0.00%−64−1.2%Reduced
Spire Wealth Management5,240$377.4K0.01%−300−5.4%Reduced
Norinchukin Bank, The5,251$378.2K0.00%+33+0.6%Added
O'Shaughnessy Asset Management, LLC5,353$385.6K0.00%+484+9.9%Added
Bank of Nova Scotia5,404$389.3K0.00%−80,382−93.7%Reduced
Trust Point Inc.5,423$390.6K0.03%−292−5.1%Reduced
Gallagher Fiduciary Advisors, LLC5,444$392.2K0.01%−180−3.2%Reduced
Sage Investment Counsel LLC5,552$399.9K0.44%+431+8.4%Added
Integrated Investment Consultants, LLC5,579$401.9K0.08%−136−2.4%Reduced
Maryland State Retirement & Pension System5,594$402.9K0.01%+600+12.0%Added
GWN Securities Inc.5,611$404.2K0.08%+619+12.4%Added
Coldstream Capital Management Inc5,745$413.8K0.01%+856+17.5%Added
Janney Montgomery Scott LLC5,758$415.0K0.00%−2,929−33.7%Reduced
First National Advisers, LLC5,771$415.7K0.06%−274−4.5%Reduced
Commerce Bank5,824$419.5K0.00%−65−1.1%Reduced
Trust Co of Toledo NA5,863$422.3K0.04%00.0%Unchanged
Evergreen Capital Management LLC5,946$429.8K0.01%+154+2.7%Added
Utah Retirement Systems5,999$432.1K0.00%+277+4.8%Added
Atlantic Union Bankshares Corp6,040$435.1K0.01%−97−1.6%Reduced
Susquehanna International Group, LLP6,062$436.6K0.00%+445+7.9%Added
Total Wealth Planning & Management, Inc.6,075$437.6K0.35%+6,075New
Toroso Investments, LLC6,145$442.6K0.00%−2,274−27.0%Reduced
Vident Advisory, LLC6,220$448.0K0.00%−1,629−20.8%Reduced
Park Avenue Securities LLC6,320$455.0K0.00%+130+2.1%Added
Wealthspire Advisors, LLC6,544$471.4K0.00%+2,810+75.3%Added
Koshinski Asset Management, Inc.6,661$479.8K0.03%00.0%Unchanged
Fairtree Asset Management (Pty) Ltd6,676$480.9K0.22%00.0%Unchanged
Aster Capital Management (DIFC) Ltd6,769$487.6K0.21%+6,582+3,519.8%Added
Fifth Third Bancorp6,778$488.2K0.00%+176+2.7%Added
J. Derek Lewis & Associates Inc.6,900$497.0K0.12%+6,900New
Ensign Peak Advisors, Inc7,138$514.1K0.00%−15,700−68.7%Reduced
DoubleLine ETF Adviser LP7,138$514.1K0.15%+294+4.3%Added
Golden State Equity Partners7,200$518.6K0.08%+243+3.5%Added
Journey Strategic Wealth LLC7,265$523.2K0.01%−955−11.6%Reduced