State of Tennessee, Department of Treasury’s Agree Realty ADC Stock Holding History

State of Tennessee, Department of Treasury’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	$3.66M	Buy	48,614 +3,050	+7%	+$231K	0.01%	664
2025 Q4	$3.29M	Sell	45,564 -1,951	-4%	-$143K	0.01%	721
2025 Q3	$3.38M	Hold	47,515	–	–	0.01%	695
2025 Q2	$3.47M	Hold	47,515	–	–	0.01%	661
2025 Q1	$3.67M	Hold	47,515	–	–	0.01%	623
2024 Q4	$3.35M	Sell	47,515 -1,341	-3%	-$99.8K	0.01%	691
2024 Q3	$3.68M	Sell	48,856 -1,806	-4%	-$128K	0.01%	663
2024 Q2	$3.14M	Buy	50,662 +30,562	+152%	+$1.81M	0.01%	695
2024 Q1	$1.15M	Buy	20,100 +2,000	+11%	+$117K	﹤0.01%	1097
2023 Q4	$1.14M	Buy	+18,100	New	+$1.05M	﹤0.01%	1127
2023 Q3	–	Sell	-27,947	Closed	-$1.83M	–	1602
2023 Q2	$1.83M	Buy	+27,947	New	+$1.85M	0.01%	899
2023 Q1	–	Sell	-52,546	Closed	-$3.73M	–	1652
2022 Q4	$3.73M	Buy	52,546 +654	+1%	+$44.9K	0.02%	583
2022 Q3	$3.51M	Buy	51,892 +3,687	+8%	+$277K	0.02%	594
2022 Q2	$3.48M	Buy	48,205 +1,245	+3%	+$86.4K	0.02%	591
2022 Q1	$3.12M	Buy	46,960 +8,204	+21%	+$534K	0.01%	697
2021 Q4	$2.77M	Buy	38,756 +160	+0.4%	+$11.1K	0.01%	760
2021 Q3	$2.56M	Buy	38,596 +105	+0.3%	+$7.64K	0.01%	762
2021 Q2	$2.71M	Buy	38,491 +1,843	+5%	+$129K	0.01%	779
2021 Q1	$2.47M	Buy	36,648 +3,239	+10%	+$211K	0.01%	778
2020 Q4	$2.22M	Buy	33,409 +1,575	+5%	+$103K	0.01%	775
2020 Q3	$2.03M	Buy	31,834 +54	+0.2%	+$3.56K	0.01%	713
2020 Q2	$2.09M	Buy	31,780 +2,797	+10%	+$179K	0.01%	703
2020 Q1	$1.79M	Buy	28,983 +3,222	+13%	+$229K	0.01%	721
2019 Q4	$1.81M	Sell	25,761 -4,185	-14%	-$309K	0.01%	859
2019 Q3	$2.19M	Buy	29,946 +4,324	+17%	+$302K	0.01%	789
2019 Q2	$1.64M	Buy	25,622 +1,695	+7%	+$113K	0.01%	849
2019 Q1	$1.66M	Buy	23,927 +819	+4%	+$53K	0.01%	866
2018 Q4	$1.37M	Buy	23,108 +3,658	+19%	+$209K	0.01%	881
2018 Q3	$1.03M	Sell	19,450 -740	-4%	-$40.2K	0.01%	1051
2018 Q2	$1.06M	Sell	20,190 -706	-3%	-$36K	0.01%	1048
2018 Q1	$1M	Buy	20,896 +43	+0.2%	+$2.06K	0.01%	1052
2017 Q4	$1.07M	Sell	20,853 -2,270	-10%	-$113K	﹤0.01%	1082
2017 Q3	$1.14M	Sell	23,123 -1,461	-6%	-$71.4K	0.01%	1067
2017 Q2	$1.13M	Hold	24,584	–	–	0.01%	1093
2017 Q1	$1.18M	Buy	24,584 +4,485	+22%	+$213K	0.01%	1076
2016 Q4	$926K	Buy	20,099 +1,175	+6%	+$53.6K	﹤0.01%	1141
2016 Q3	$936K	Buy	18,924 +795	+4%	+$38.7K	﹤0.01%	1061
2016 Q2	$875K	Buy	18,129 +2,680	+17%	+$113K	﹤0.01%	1057
2016 Q1	$594K	Buy	15,449 +2,149	+16%	+$78.1K	﹤0.01%	1159
2015 Q4	$452K	Buy	+13,300	New	+$433K	﹤0.01%	1236
2015 Q3	–	Sell	-13,300	Closed	-$388K	–	872
2015 Q2	$388K	Hold	13,300	–	–	﹤0.01%	1302
2015 Q1	$439K	Hold	13,300	–	–	﹤0.01%	1302
2014 Q4	$414K	Buy	+13,300	New	+$401K	﹤0.01%	1290

Other funds holding ADC

BlackRock New York $6.73T AUM 46.02% 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 $3.37T AUM 44.26% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

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

CIM

Centersquare Investment Management Conshohocken, Pennsylvania $11.7B AUM 20.39% 1-Year Est. Return

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

Daiwa Securities Group Tokyo, Japan $51.1B AUM 35.55% 1-Year Est. Return

State of Tennessee, Department of Treasury's ADC Position: Q1 2026 in Review

State of Tennessee, Department of Treasury increased its Agree Realty (ADC) stake by 6.7% in Q1 2026, buying an estimated $231K and bringing the position to 48,614 shares worth $3.66M. The position accounts for 0.01% of the portfolio, ranked #664.

State of Tennessee, Department of Treasury first reported a position in ADC in Q4 2014 and has held it in 43 quarters since. The position peaked at $3.73M in Q4 2022. 498 funds tracked by Wall St. Rank hold ADC as of Q1 2026.

State of Tennessee, Department of Treasury held 48,614 shares of Agree Realty worth $3.66M as of Q1 2026.
State of Tennessee, Department of Treasury bought 3,050 Agree Realty shares in Q1 2026, an estimated $231K.
Agree Realty made up 0.01% of State of Tennessee, Department of Treasury's portfolio in Q1 2026, its #664 holding.
State of Tennessee, Department of Treasury first reported a position in Agree Realty in Q4 2014 and has held it in 43 quarters since.
State of Tennessee, Department of Treasury's Agree Realty position peaked at $3.73M in Q4 2022.
498 funds tracked by Wall St. Rank held Agree Realty as of Q1 2026.

Based on State of Tennessee, Department of Treasury's 13F filing for Q1 2026, filed 15 May 2026.