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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
First Trust Advisors LP24,446$1.76M0.00%−6,181−20.2%Reduced
Northwestern Mutual Investment Management Company, LLC25,672$1.85M0.02%+1,049+4.3%Added
State of Michigan Retirement System27,100$1.95M0.01%+800+3.0%Added
Metis Global Partners, LLC27,139$1.95M0.05%+2,386+9.6%Added
Town & Country Bank & Trust CO dba First Bankers Trust CO27,199$1.96M0.66%+542+2.0%Added
Dana Investment Advisors, Inc.27,385$1.97M0.06%+298+1.1%Added
Handelsbanken Fonder AB27,537$1.98M0.01%00.0%Unchanged
E. Ohman J:or Asset Management AB27,883$2.01M0.05%00.0%Unchanged
FMR LLC28,196$2.03M0.00%+2,793+11.0%Added
Mount Yale Investment Advisors, LLC28,488$2.06M0.10%+1,048+3.8%Added
KLP Kapitalforvaltning AS28,900$2.09M0.01%−200−0.7%Reduced
Entropy Technologies, LP29,663$2.14M0.12%+29,663New
Oak Thistle LLC30,694$2.21M0.31%+27,115+757.6%Added
Arizona State Retirement System31,021$2.23M0.01%−2,866−8.5%Reduced
Vestmark Advisory Solutions, Inc.31,116$2.24M0.03%+23,926+332.8%Added
Louisiana State Employees Retirement System31,700$2.28M0.04%+900+2.9%Added
Sumitomo Mitsui DS Asset Management Company, Ltd32,070$2.31M0.02%+4,984+18.4%Added
Atom Investors LP32,830$2.36M0.19%−711−2.1%Reduced
Squarepoint Ops LLC33,135$2.39M0.00%−6,837−17.1%Reduced
Brinker Capital Investments, LLC33,429$2.41M0.02%−426−1.3%Reduced
Teachers Retirement System of the State of Kentucky33,531$2.42M0.02%00.0%Unchanged
Worldquant Millennium Advisors LLC33,882$2.44M0.01%+17,518+107.1%Added
Brookfield Asset Management Inc.34,417$2.48M0.00%+34,417New
Stifel Financial Corp34,752$2.50M0.00%−1,798−4.9%Reduced
FJ Capital Management LLC35,873$2.58M0.29%+8,166+29.5%Added
M&T Bank Corp36,212$2.61M0.01%+8,252+29.5%Added
Greenland Capital Management LP36,435$2.62M0.38%−104,329−74.1%Reduced
Pathstone Holdings, LLC36,575$2.63M0.01%+1,184+3.3%Added
Blue Chip Partners, Inc.37,560$2.71M0.20%+306+0.8%Added
Jump Financial, LLC37,821$2.72M0.03%+3,418+9.9%Added
Presima Inc.38,203$2.75M1.59%+227+0.6%Added
State Board of Administration of Florida Retirement System39,042$2.81M0.00%+1,000+2.6%Added
Community Bank of Raymore39,715$2.86M1.95%00.0%Unchanged
Yousif Capital Management, LLC39,094$2.86M0.03%+860+2.2%Added
Cerity Partners LLC40,158$2.89M0.00%−131−0.3%Reduced
Agf Management Ltd40,168$2.89M0.01%−5,463−12.0%Reduced
Caxton Associates LLP43,060$3.10M0.06%+11,646+37.1%Added
Wealth Enhancement Advisory Services, LLC44,739$3.15M0.00%+30,824+221.5%Added
Community Trust & Investment Co44,821$3.23M0.17%−1,058−2.3%Reduced
State of Tennessee, Treasury Department45,564$3.29M0.01%−1,951−4.1%Reduced
Standard Life Aberdeen plc45,976$3.31M0.01%+8,974+24.3%Added
Exchange Traded Concepts, LLC46,704$3.36M0.03%−38,465−45.2%Reduced
Treasurer of the State of North Carolina47,377$3.41M0.01%−1,291−2.7%Reduced
Mutual of America Capital Management LLC47,751$3.44M0.04%−3,268−6.4%Reduced
Fisher Asset Management, LLC48,090$3.46M0.00%+90+0.2%Added
Police & Firemen's Retirement System of New Jersey48,165$3.47M0.03%+654+1.4%Added
Resona Asset Management Co.,Ltd.48,158$3.49M0.02%−606−1.2%Reduced
Voya Investment Management LLC48,663$3.51M0.00%+13,546+38.6%Added
Quest Partners LLC49,856$3.59M0.20%+47,276+1,832.4%Added
Amalgamated Bank50,217$3.62M0.03%−326−0.6%Reduced
Verition Fund Management LLC50,900$3.67M0.02%−492−1.0%Reduced
Cetera Investment Advisers52,149$3.76M0.00%−6,242−10.7%Reduced
Graham Capital Management, L.P.54,346$3.91M0.13%+33,595+161.9%Added
Vision Capital Corp54,428$3.92M2.16%+54,428New
DekaBank Deutsche Girozentrale63,542$4.01M0.01%00.0%Unchanged
CIBC World Markets Corp56,630$4.08M0.02%+56,630New
Van Eck Associates Corp58,224$4.19M0.00%+4,184+7.7%Added
Great Lakes Advisors, LLC58,272$4.20M0.03%−127−0.2%Reduced
MetLife Investment Management59,230$4.27M0.02%−604−1.0%Reduced
Amundi60,186$4.34M0.00%+5,301+9.7%Added
Wellington Management Group LLP60,204$4.34M0.00%−2,351−3.8%Reduced
Macquarie Group Ltd61,329$4.42M0.02%−1,909,548−96.9%Reduced
Quantinno Capital Management LP62,493$4.50M0.01%+20,660+49.4%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys65,699$4.73M0.02%+1,834+2.9%Added
CoreCap Advisors, LLC66,383$4.78M0.17%+13,339+25.1%Added
State of Alaska, Department of Revenue67,343$4.85M0.05%+2,250+3.5%Added
Dark Forest Capital Management LP68,335$4.92M0.22%+42,912+168.8%Added
New Age Alpha Advisors, LLC69,957$5.04M0.22%−9,918−12.4%Reduced
Qube Research & Technologies Ltd70,148$5.05M0.01%−170,198−70.8%Reduced
Liberty One Investment Management, LLC72,647$5.23M0.67%−82,640−53.2%Reduced
New York State Common Retirement Fund73,814$5.32M0.01%−102−0.1%Reduced
Bamco Inc74,128$5.34M0.01%00.0%Unchanged
LPL Financial LLC75,702$5.45M0.00%+6,447+9.3%Added
Zurcher Kantonalbank (Zurich Cantonalbank)84,874$6.11M0.01%−3,144−3.6%Reduced
Oversea-Chinese Banking CORP Ltd86,309$6.22M0.17%−9,480−9.9%Reduced
Manufacturers Life Insurance Company, The88,173$6.35M0.01%+834+1.0%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.90,163$6.50M0.00%+6,841+8.2%Added
Price T Rowe Associates Inc90,599$6.53M0.00%−181,047−66.6%Reduced
Aptus Capital Advisors, LLC91,561$6.60M0.06%+370+0.4%Added
Ibex Wealth Advisors99,185$7.14M0.70%−263−0.3%Reduced
Phocas Financial Corp.100,932$7.27M0.95%−242−0.2%Reduced
California State Teachers Retirement System105,065$7.57M0.01%−3,939−3.6%Reduced
Allianz Asset Management GmbH106,446$7.67M0.01%−467−0.4%Reduced
New York State Teachers Retirement System113,969$8.21M0.02%−686−0.6%Reduced
Quantbot Technologies LP116,417$8.39M0.28%−29,950−20.5%Reduced
Natixis Advisors, L.P.117,207$8.44M0.01%−4,204−3.5%Reduced
Schonfeld Strategic Advisors LLC117,368$8.45M0.04%+117,368New
Tudor Investment Corp Et Al123,035$8.86M0.05%−321,867−72.3%Reduced
Uniplan Investment Counsel, Inc.125,613$9.05M0.91%−3,261−2.5%Reduced
LMCG Investments, LLC128,349$9.24M0.53%+21,893+20.6%Added
Mitsubishi UFJ Trust & Banking Corp134,805$9.71M0.02%−7,970−5.6%Reduced
Retirement Systems of Alabama137,707$9.92M0.03%+4,141+3.1%Added
Franklin Resources Inc138,462$9.97M0.00%+12,491+9.9%Added
Citigroup Inc141,808$10.2M0.01%−21,353−13.1%Reduced
Royal Bank of Canada146,909$10.6M0.00%−63,183−30.1%Reduced
Susquehanna Portfolio Strategies, LLC148,832$10.7M0.17%+86,819+140.0%Added
Point72 Asset Management, L.P.149,183$10.7M0.02%+133,758+867.2%Added
D. E. Shaw & Co., Inc.151,241$10.9M0.01%−98,101−39.3%Reduced
BNP Paribas Arbitrage, SA151,476$10.9M0.01%+17,107+12.7%Added
Connor, Clark & Lunn Investment Management Ltd.153,667$11.1M0.03%−126,579−45.2%Reduced