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Agree Realty
ADC

194 hedge funds and large institutions have $960M invested in Agree Realty in 2016 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 71 increasing their positions, 70 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more call options, than puts

Call options by funds: $684K | Put options by funds: $653K

4% more capital invested

Capital invested by funds: $920M → $960M (+$39.6M)

1% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 70

0.52% more ownership

Funds ownership: 82.03% → 82.54% (+0.52%)

1% less funds holding

Funds holding: 195 → 194 (-1)

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

Holders
194
Holders Change
-1
Holders Change %
-0.51%
% of All Funds
5.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
71
Reduced
70
Closed
19
Calls
$684K
Puts
$653K
Net Calls
+$31K
Net Calls Change
+$190K

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$12.2M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$11M
3
BFA
BlackRock Fund Advisors
California
+$6.49M
4
ESCM
Echo Street Capital Management
New York
+$4.66M
5
First Trust Advisors
First Trust Advisors
Illinois
+$4.63M

Top Sellers

1
N
Nuveen
North Carolina
-$17.6M
2
Millennium Management
Millennium Management
New York
-$8.46M
3
Wells Fargo
Wells Fargo
California
-$2.71M
4
Principal Financial Group
Principal Financial Group
Iowa
-$2.27M
5
RIM
Rainier Investment Management
Washington
-$2.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$8.07M -$8.46M -173,549 -52%
Ameriprise
27
Ameriprise
Minnesota
$7.17M -$159K -3,259 -2%
MPI
28
Mairs & Power Inc
Minnesota
$7.15M -$746K -15,300 -10%
EA
29
Emerald Acquisition
Washington
$6.98M -$184K -3,778 -3%
First Trust Advisors
30
First Trust Advisors
Illinois
$6.95M +$4.63M +94,993 +209%
EAM
31
Eagle Asset Management
Florida
$6.72M +$161K +3,304 +2%
PPA
32
Parametric Portfolio Associates
Washington
$6.68M +$1.41M +28,951 +27%
SAM
33
Silvercrest Asset Management
New York
$5.97M -$409K -8,400 -7%
ESCM
34
Echo Street Capital Management
New York
$5.71M +$4.66M +95,695 +486%
Two Sigma Investments
35
Two Sigma Investments
New York
$5.28M -$920K -18,881 -15%
BIM
36
BlackRock Investment Management
Delaware
$5.23M -$21.2K -435 -0.4%
Robeco Institutional Asset Management
37
Robeco Institutional Asset Management
Netherlands
$4.91M +$2.32M +47,632 +92%
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$4.56M +$420K +8,613 +10%
Charles Schwab
39
Charles Schwab
California
$4.46M +$414K +8,499 +10%
Two Sigma Advisers
40
Two Sigma Advisers
New York
$4.46M -$1.01M -20,701 -19%
Arrowstreet Capital
41
Arrowstreet Capital
Massachusetts
$4.45M +$1.58M +32,472 +56%
MC
42
Menta Capital
California
$4.03M -$119K -2,437 -3%
ERSOT
43
Employees Retirement System of Texas
Texas
$3.96M -$2.05M -42,000 -34%
REMS
44
Real Estate Management Services
$3.94M -$1.92M -39,300 -33%
MAM
45
Martingale Asset Management
Massachusetts
$3.94M +$3.1M +63,600 +397%
BPIM
46
Brant Point Investment Management
New York
$3.86M -$2.13M -43,700 -36%
Legal & General Group
47
Legal & General Group
United Kingdom
$3.81M +$1.21M +24,878 +48%
New York State Teachers Retirement System (NYSTRS)
48
New York State Teachers Retirement System (NYSTRS)
New York
$3.67M -$9.75K -200 -0.3%
HNB
49
Huntington National Bank
Ohio
$3.55M – – –
N
50
Nuveen
North Carolina
$3.53M -$17.6M -361,502 -84%
1
2
3 4 5

ADC Hedge Fund Activity: Q3 2016 in Review

194 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q3 2016, worth a combined $960M — up 4.3% from $920M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of ADC and 18 opened new positions — a net loss of 1 holder — while 70 trimmed existing stakes and 71 added.

The largest buyer was Wellington Management Group, opening a new position worth an estimated $12.2M. The largest seller was Nuveen, cutting an estimated $17.6M.

  • 194 institutional investors held Agree Realty (ADC) as of Q3 2016, down from 195 in Q2 2016.
  • Funds reported $960M of Agree Realty stock for Q3 2016, up 4.3% quarter-over-quarter.
  • 18 funds opened new Agree Realty positions in Q3 2016 and 19 closed out, a net change of -1 holder.
  • The largest Agree Realty buyer in Q3 2016 was Wellington Management Group, an estimated $12.2M added.
  • The largest Agree Realty seller in Q3 2016 was Nuveen, an estimated $17.6M sold.

Based on aggregated 13F filings for Q3 2016.