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Agree Realty

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: 245240 (-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: 31 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
WMSA
26
Weiss Multi-Strategy Advisers
New York
$18.7M -$4.72M -72,915 -21%
AllianceBernstein
27
AllianceBernstein
Tennessee
$18.6M -$256K -3,963 -1%
EAM
28
Eagle Asset Management
Florida
$18.1M -$1.58M -24,487 -9%
TCM
29
Tributary Capital Management
Nebraska
$16.8M +$1.85M +28,606 +13%
Wells Fargo
30
Wells Fargo
California
$15M -$3.12M -48,272 -18%
Ameriprise
31
Ameriprise
Minnesota
$14.7M -$417K -6,439 -3%
Charles Schwab
32
Charles Schwab
California
$14.3M +$1.15M +17,727 +9%
SAM
33
Securian Asset Management
Minnesota
$14M -$5.68M -87,859 -30%
TCIM
34
TIAA CREF Investment Management
New York
$14M -$2.58M -39,834 -17%
Legal & General Group
35
Legal & General Group
United Kingdom
$13.5M +$1.46M +22,615 +13%
William Blair Investment Management
36
William Blair Investment Management
Illinois
$12.9M -$6.31M -97,512 -34%
Goldman Sachs
37
Goldman Sachs
New York
$10.4M -$3.14M -48,484 -24%
Franklin Resources
38
Franklin Resources
California
$9.58M +$446K +6,891 +5%
Baird Financial Group
39
Baird Financial Group
Wisconsin
$9.14M -$1.38M -21,256 -14%
RhumbLine Advisers
40
RhumbLine Advisers
Massachusetts
$9.12M +$258K +3,995 +3%
KCM
41
Kennedy Capital Management
Missouri
$8.88M +$15.1K +233 +0.2%
Morgan Stanley
42
Morgan Stanley
New York
$8.84M -$782K -12,093 -9%
SEI Investments
43
SEI Investments
Pennsylvania
$8.63M -$1.79M -27,640 -18%
Asset Management One
44
Asset Management One
Japan
$8.63M +$1.15M +17,749 +17%
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$8.22M -$378K -5,847 -5%
UBS AM
46
UBS AM
Illinois
$7.88M +$1.5M +23,132 +26%
CIM
47
Centersquare Investment Management
Pennsylvania
$7.26M +$4.12M +63,700 +155%
PPA
48
Parametric Portfolio Associates
Washington
$7.17M +$99.9K +1,544 +2%
JAM
49
JLP Asset Management
New York
$6.96M +$1.68M +26,000 +35%
SAM
50
Silvercrest Asset Management
New York
$6.71M

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.