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Agree Realty
ADC

240 hedge funds and large institutions have $2.8B invested in Agree Realty in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 96 increasing their positions, 77 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 77

20% more capital invested

Capital invested by funds: $2.34B → $2.8B (+$465M)

2% less funds holding

Funds holding: 245 → 240 (-5)

7.34% less ownership

Funds ownership: 114.77% → 107.43% (-7.3%)

13% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 32

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
240
Holders Change
-5
Holders Change %
-2.04%
% of All Funds
5.19%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
28
Increased
96
Reduced
77
Closed
32
Calls
$266K
Puts
–
Net Calls
+$266K
Net Calls Change
+$264K

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$83.9M
2
Invesco
Invesco
Georgia
+$46.5M
3
State Street
State Street
Massachusetts
+$19.7M
4
BlackRock
BlackRock
New York
+$19.3M
5
Deutsche Bank
Deutsche Bank
Germany
+$6M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$12.1M
2
MPAM
Monarch Partners Asset Management
Massachusetts
-$11.2M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$9.39M
4
MWNA
Marshall Wace North America
New York
-$7.05M
5
HRES
Heitman Real Estate Securities
Illinois
-$7M
Name Holding Trade Value Shares
Change 		Change in
Stake
UOC
251
UBS O'Connor
Illinois
– -$1.34M -22,600 Closed
Susquehanna International Group
252
Susquehanna International Group
Pennsylvania
– -$1.18M -18,242 Closed
6M
253
6 Meridian
Kansas
– -$763K -12,901 Closed
SFI
254
Susquehanna Fundamental Investments
Pennsylvania
– -$554K -9,365 Closed
O
255
OppenheimerFunds
New York
– -$538K -9,089 Closed
QSS
256
Quantitative Systematic Strategies
Florida
– -$525K -8,880 Closed
GCP
257
GSA Capital Partners
United Kingdom
– -$515K -8,714 Closed
BCM
258
Bayesian Capital Management
New York
– -$327K -5,533 Closed
LCM
259
Laurion Capital Management
New York
– -$302K -5,112 Closed
Schroder Investment Management Group
260
Schroder Investment Management Group
United Kingdom
– -$221 -3,744 Closed
ED
261
Exane Derivatives
France
– -$203K -3,441 Closed
FHB
262
First Hawaiian Bank
Hawaii
– -$59K -1,002 Closed
IA
263
IFP Advisors
Florida
– -$40K -669 Closed
MOS
264
MGO One Seven
Ohio
– -$33K -566 Closed
JA
265
JOYN Advisors
Georgia
– -$14K -241 Closed
CC
266
Claybrook Capital
Massachusetts
– -$8K -143 Closed
WDL
267
Well Done LLC
Michigan
– -$8K -143 Closed
SIS
268
Sound Income Strategies
Florida
– -$8K -130 Closed
AIC
269
Ameritas Investment Company
Nebraska
– -$5K -84 Closed
NFG
270
Next Financial Group
Texas
– -$4K -64 Closed
WTC
271
WhitTier Trust Company
Nevada
– -$3K -53 Closed
CFGS
272
Concourse Financial Group Securities
Alabama
– -$1.36K -21 Closed
7 8 9 10
11

ADC Hedge Fund Activity: Q1 2019 in Review

240 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q1 2019, worth a combined $2.8B — up 20% from $2.34B a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of ADC and 28 opened new positions — a net loss of 4 holders — while 77 trimmed existing stakes and 96 added.

The largest buyer was Vanguard Group, adding an estimated $83.9M. The largest seller was JP Morgan Chase, cutting an estimated $12.1M.

  • 240 institutional investors held Agree Realty (ADC) as of Q1 2019, down from 245 in Q4 2018.
  • Funds reported $2.8B of Agree Realty stock for Q1 2019, up 20% quarter-over-quarter.
  • 28 funds opened new Agree Realty positions in Q1 2019 and 32 closed out, a net change of -4 holders.
  • The largest Agree Realty buyer in Q1 2019 was Vanguard Group, an estimated $83.9M added.
  • The largest Agree Realty seller in Q1 2019 was JP Morgan Chase, an estimated $12.1M sold.

Based on aggregated 13F filings for Q1 2019.