Dark Forest Capital Management’s Agree Realty ADC Stock Holding History

Dark Forest Capital Management’s Portfolio ADC Stock Details ADC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$268K	Sell	3,553 -64,782	-95%	-$4.91M	0.02%	692
2025 Q4	$4.92M	Buy	68,335 +42,912	+169%	+$3.14M	0.22%	95
2025 Q3	$1.81M	Buy	+25,423	New	+$1.84M	0.07%	497
2025 Q2	–	Sell	-59,501	Closed	-$4.59M	–	1145
2025 Q1	$4.59M	Buy	+59,501	New	+$4.36M	0.21%	89
2024 Q4	–	Sell	-4,629	Closed	-$349K	–	894
2024 Q3	$349K	Buy	+4,629	New	+$328K	0.04%	541
2023 Q4	–	Sell	-11,442	Closed	-$632K	–	441
2023 Q3	$632K	Buy	11,442 +7,496	+190%	+$469K	0.05%	614
2023 Q2	$258K	Buy	+3,946	New	+$261K	0.02%	864
2021 Q4	–	Sell	-7,457	Closed	-$494K	–	1385
2021 Q3	$494K	Buy	+7,457	New	+$543K	0.18%	123

Other funds holding ADC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Cohen & Steers New York $57.6B AUM 8.03% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

CIM

Centersquare Investment Management Conshohocken, Pennsylvania $9.67B AUM 5.55% 1-Year Est. Return

Zimmer Partners New York $4.15B AUM 14.2% 1-Year Est. Return

Daiwa Securities Group Tokyo, Japan $34.8B AUM 20.7% 1-Year Est. Return

Dark Forest Capital Management's ADC Position: Q1 2026 in Review

Dark Forest Capital Management reduced its Agree Realty (ADC) stake by 95% in Q1 2026, selling an estimated $4.91M and leaving 3,553 shares worth $268K. The position accounts for 0.02% of the portfolio, ranked #692.

Dark Forest Capital Management first reported a position in ADC in Q3 2021 and has held it in 8 quarters since. The position peaked at $4.92M in Q4 2025. 497 funds tracked by Wall St. Rank hold ADC as of Q1 2026.

Dark Forest Capital Management held 3,553 shares of Agree Realty worth $268K as of Q1 2026.
Dark Forest Capital Management sold 64,782 Agree Realty shares in Q1 2026, an estimated $4.91M.
Agree Realty made up 0.02% of Dark Forest Capital Management's portfolio in Q1 2026, its #692 holding.
Dark Forest Capital Management first reported a position in Agree Realty in Q3 2021 and has held it in 8 quarters since.
Dark Forest Capital Management's Agree Realty position peaked at $4.92M in Q4 2025.
497 funds tracked by Wall St. Rank held Agree Realty as of Q1 2026.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.