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Agree Realty
ADC

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
374
Holders Change
+14
Holders Change %
+3.89%
% of All Funds
5.87%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
56
Increased
134
Reduced
133
Closed
40
Calls
$3.05M
Puts
$1.76M
Net Calls
+$1.28M
Net Calls Change
+$315K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$39.5M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$30.9M
3
Invesco
Invesco
Georgia
+$29.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$27.8M
5
Walleye Capital
Walleye Capital
New York
+$23.5M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$144M
2
Morgan Stanley
Morgan Stanley
New York
-$79.5M
3
Goldman Sachs
Goldman Sachs
New York
-$45.4M
4
Prudential Financial
Prudential Financial
New Jersey
-$39.6M
5
ZP
Zimmer Partners
New York
-$35.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$61.8M -$79.5M -1,201,508 -56%
Norges Bank
27
Norges Bank
Norway
$60.3M +$2.61M +39,433 +4%
Northern Trust
28
Northern Trust
Illinois
$60.1M -$31M -468,194 -34%
Balyasny Asset Management
29
Balyasny Asset Management
Illinois
$54.4M +$9.28M +140,311 +20%
Legal & General Group
30
Legal & General Group
United Kingdom
$49.7M +$3.6M +54,411 +8%
HRES
31
Heitman Real Estate Securities
Illinois
$49.1M -$1.42M -21,397 -3%
ZP
32
Zimmer Partners
New York
$49M -$35.7M -540,000 -42%
BC
33
Brookfield Corp
Ontario, Canada
$47.7M -$779K -11,774 -2%
Macquarie Group
34
Macquarie Group
Australia
$46.3M +$14.7M +222,565 +46%
SI
35
Scout Investments
Missouri
$44.2M -$4.11M -62,127 -9%
American Century Companies
36
American Century Companies
Missouri
$37.4M -$2.58M -38,980 -6%
Two Sigma Investments
37
Two Sigma Investments
New York
$36.7M -$2.38M -35,930 -6%
FCM
38
Frontier Capital Management
Massachusetts
$34.3M -$535K -8,091 -2%
William Blair Investment Management
39
William Blair Investment Management
Illinois
$32.8M +$4.87M +73,611 +17%
D.E. Shaw & Co
40
D.E. Shaw & Co
New York
$32.5M +$30.9M +467,344 +1,572%
Two Sigma Advisers
41
Two Sigma Advisers
New York
$31.5M -$9.56M -144,400 -23%
UBS AM
42
UBS AM
Illinois
$30.9M – – –
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$30.9M +$948K +14,330 +3%
AAMU
44
APG Asset Management US
New York
$28.9M -$7.88K -119 -0%
State of New Jersey Common Pension Fund D
45
State of New Jersey Common Pension Fund D
New Jersey
$28M +$331K +5,000 +1%
CFC
46
Cincinnati Financial Corp
Ohio
$26.6M – – –
Wells Fargo
47
Wells Fargo
California
$26M -$1.07M -16,173 -4%
CI
48
Cincinnati Insurance
Ohio
$25M – – –
ACM
49
AEW Capital Management
Massachusetts
$24.8M +$845K +12,770 +3%
Loomis, Sayles & Company
50
Loomis, Sayles & Company
Massachusetts
$24.1M +$1.7M +25,680 +7%
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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.