GRS Advisors’s Agree Realty ADC Stock Holding History

GRS Advisors’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
2025 Q3	–	Sell	-386,448	Closed	-$28.2M	–	32
2025 Q2	$28.2M	Sell	386,448 -355,612	-48%	-$26.7M	2.71%	20
2025 Q1	$57.3M	Buy	742,060 +232,341	+46%	+$17M	5.96%	4
2024 Q4	$35.9M	Buy	+509,719	New	+$37.9M	3.54%	14
2024 Q3	–	Sell	-608,407	Closed	-$37.7M	–	28
2024 Q2	$37.7M	Buy	+608,407	New	+$36M	4.35%	10
2023 Q4	–	Sell	-546,203	Closed	-$30.2M	–	31
2023 Q3	$30.2M	Buy	+546,203	New	+$34.1M	5.34%	6
2021 Q2	–	Sell	-95,857	Closed	-$6.45M	–	27
2021 Q1	$6.45M	Sell	95,857 -62,613	-40%	-$4.08M	4.09%	10
2020 Q4	$10.6M	Buy	158,470 +34,970	+28%	+$2.29M	4.8%	9
2020 Q3	$7.86M	Hold	123,500	–	–	4.04%	10
2020 Q2	$8.12M	Buy	123,500 +32,500	+36%	+$2.07M	4.54%	10
2020 Q1	$5.63M	Buy	+91,000	New	+$6.48M	4.31%	10

Other funds holding ADC

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

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

CIM

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

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

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

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

Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return

GRS Advisors's ADC Position: Q3 2025 in Review

GRS Advisors sold out of Agree Realty (ADC) in Q3 2025, closing a stake of 386,448 shares — an estimated $28.2M sold.

GRS Advisors first reported a position in ADC in Q1 2020 and held it in 10 quarters. The position peaked at $57.3M in Q1 2025. 479 funds tracked by Wall St. Rank hold ADC as of Q3 2025.

GRS Advisors reported no remaining Agree Realty position as of Q3 2025 after selling out during the quarter.
GRS Advisors sold 386,448 Agree Realty shares in Q3 2025, an estimated $28.2M.
GRS Advisors first reported a position in Agree Realty in Q1 2020 and held it in 10 quarters.
GRS Advisors's Agree Realty position peaked at $57.3M in Q1 2025.
479 funds tracked by Wall St. Rank held Agree Realty as of Q3 2025.

Based on GRS Advisors's 13F filing for Q3 2025, filed 14 Nov 2025.