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Agree Realty
ADC

360 hedge funds and large institutions have $6.7B invested in Agree Realty in 2023 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 137 increasing their positions, 130 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more call options, than puts

Call options by funds: $4.01M | Put options by funds: $3.04M

23% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 39

5% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 130

0% more funds holding

Funds holding: 359 → 360 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $6.89B → $6.7B (-$187M)

3.47% less ownership

Funds ownership: 111.71% → 108.24% (-3.5%)

Holders
360
Holders Change
+1
Holders Change %
+0.28%
% of All Funds
5.74%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
48
Increased
137
Reduced
130
Closed
39
Calls
$4.01M
Puts
$3.04M
Net Calls
+$967K
Net Calls Change
-$713K

Top Buyers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
+$45.2M
2
UBS AM
UBS AM
Illinois
+$32.2M
3
William Blair Investment Management
William Blair Investment Management
Illinois
+$30.5M
4
Millennium Management
Millennium Management
New York
+$30.5M
5
JP Morgan Chase
JP Morgan Chase
New York
+$28.6M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$266M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$66.9M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$33.9M
4
Morgan Stanley
Morgan Stanley
New York
-$25.7M
5
Deutsche Bank
Deutsche Bank
Germany
-$22.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIA
351
Milestone Investment Advisors
Wisconsin
$1.92K +$2K +28 New
IA
352
IFP Advisors
Florida
$1.88K -$47.7K -668 -95%
AWM
353
Avior Wealth Management
Nebraska
$1.37K +$1.43K +20 New
AAP
354
Arax Advisory Partners
Colorado
$1.03K – – –
TWD
355
True Wealth Design
Ohio
$1.03K +$1.07K +15 New
CFGS
356
Concourse Financial Group Securities
Alabama
$895 -$785 -11 -46%
CWC
357
Carolinas Wealth Consulting
North Carolina
$482 -$785 -11 -61%
FFA
358
Farther Finance Advisors
California
$412 – – –
GWS
359
Glassman Wealth Services
Virginia
$274 – – –
PA
360
PSI Advisors
Florida
$69 – – –
Public Sector Pension Investment Board (PSP Investments)
361
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
– -$11.4M -161,139 Closed
State of Tennessee, Department of Treasury
362
State of Tennessee, Department of Treasury
Tennessee
– -$3.73M -52,546 Closed
ECM
363
ExodusPoint Capital Management
New York
– -$3.24M -45,676 Closed
MSRPS
364
Maryland State Retirement & Pension System
Maryland
– -$2.59M -36,460 Closed
Canada Pension Plan Investment Board
365
Canada Pension Plan Investment Board
Ontario, Canada
– -$1.8M -25,400 Closed
Walleye Capital
366
Walleye Capital
New York
– -$1.46M -20,621 Closed
Squarepoint
367
Squarepoint
New York
– -$1.46M -20,595 Closed
GTCM
368
Gyon Technologies Capital Management
New Jersey
– -$1.14M -16,024 Closed
AWM
369
AE Wealth Management
Kansas
– -$1.04M -14,696 Closed
ECM
370
Everence Capital Management
Indiana
– -$994 -14,010 Closed
Holocene Advisors
371
Holocene Advisors
New York
– -$913K -12,877 Closed
SGI
372
Summit Global Investments
Utah
– -$850K -11,989 Closed
DTL
373
Dynamic Technology Lab
Singapore
– -$646K -9,120 Closed
Janney Montgomery Scott
374
Janney Montgomery Scott
Pennsylvania
– -$585K -8,252 Closed
BC
375
Bridgefront Capital
Texas
– -$518K -7,300 Closed
12 13 14
15
16

ADC Hedge Fund Activity: Q1 2023 in Review

360 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q1 2023, worth a combined $6.7B — down 2.7% from $6.89B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new ADC positions and 39 closed out — a net gain of 9 holders — while 137 added to existing stakes and 130 trimmed.

The largest buyer was Norges Bank, adding an estimated $45.2M. The largest seller was BlackRock, cutting an estimated $266M.

  • 360 institutional investors held Agree Realty (ADC) as of Q1 2023, up from 359 in Q4 2022.
  • Funds reported $6.7B of Agree Realty stock for Q1 2023, down 2.7% quarter-over-quarter.
  • 48 funds opened new Agree Realty positions in Q1 2023 and 39 closed out, a net change of +9 holders.
  • The largest Agree Realty buyer in Q1 2023 was Norges Bank, an estimated $45.2M added.
  • The largest Agree Realty seller in Q1 2023 was BlackRock, an estimated $266M sold.

Based on aggregated 13F filings for Q1 2023.