Agree Realty
374 hedge funds and large institutions have $6.23B invested in Agree Realty in 2023 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 134 increasing their positions, 133 reducing their positions, and 40 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
73% more call options, than puts
Call options by funds: $3.05M | Put options by funds: $1.76M
40% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 40
4% more funds holding
Funds holding: 360 → 374 (+14)
1% more repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 133
6.19% less ownership
Funds ownership: 108.24% → 102.05% (-6.2%)
7% less capital invested
Capital invested by funds: $6.7B → $6.23B (-$478M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$39.5M |
| 2 |
D.E. Shaw & Co
New York
|
+$30.9M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$29.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$27.8M |
| 5 |
Walleye Capital
New York
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$144M |
| 2 |
Morgan Stanley
New York
|
-$79.5M |
| 3 |
Goldman Sachs
New York
|
-$45.4M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$39.6M |
| 5 |
ZP
Zimmer Partners
New York
|
-$35.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
401
Belpointe Asset Management
Reno,
Nevada
| – | -$165K | -2,409 | Closed |
|
|
PO
402
Private Ocean
San Rafael,
California
| – | -$152K | -2,220 | Closed |
|
|
ASN
403
Advisory Services Network
Atlanta,
Georgia
| – | -$138K | -2,009 | Closed |
|
|
CCM
404
Carderock Capital Management
Chevy Chase,
Maryland
| – | -$117K | -1,700 | Closed |
|
|
FCA
405
Fortis Capital Advisors
Prairie Village,
Kansas
| – | -$45.8K | -667 | Closed |
|
|
TWA
406
TCI Wealth Advisors
Tucson,
Arizona
| – | -$26.9K | -392 | Closed |
|
|
EI
407
Ellevest Inc
New York
| – | -$20.7K | -301 | Closed |
|
408
First Manhattan
New York
| – | -$20.6K | -300 | Closed |
|
|
BHWM
409
Beaird Harris Wealth Management
Dallas,
Texas
| – | -$10.8K | -157 | Closed |
|
|
CIA
410
Cape Investment Advisory
Mcdonough,
Georgia
| – | -$6.86K | -100 | Closed |
|
|
QL
411
Quarry LP
New York
| – | -$5.08K | -74 | Closed |
|
|
RTL
412
Red Tortoise LLC
Atlanta,
Georgia
| – | -$4.39K | -64 | Closed |
|
|
MIA
413
Milestone Investment Advisors
Middleton,
Wisconsin
| – | -$1.92K | -28 | Closed |
|
|
TWD
414
True Wealth Design
Akron,
Ohio
| – | -$1.03K | -15 | Closed |
|
ADC Hedge Fund Activity: Q2 2023 in Review
374 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q2 2023, worth a combined $6.23B — down 7.1% from $6.7B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new ADC positions and 40 closed out — a net gain of 16 holders — while 134 added to existing stakes and 133 trimmed.
The largest buyer was Millennium Management, adding an estimated $39.5M. The largest seller was BlackRock, cutting an estimated $144M.
- 374 institutional investors held Agree Realty (ADC) as of Q2 2023, up from 360 in Q1 2023.
- Funds reported $6.23B of Agree Realty stock for Q2 2023, down 7.1% quarter-over-quarter.
- 56 funds opened new Agree Realty positions in Q2 2023 and 40 closed out, a net change of +16 holders.
- The largest Agree Realty buyer in Q2 2023 was Millennium Management, an estimated $39.5M added.
- The largest Agree Realty seller in Q2 2023 was BlackRock, an estimated $144M sold.
Based on aggregated 13F filings for Q2 2023.