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Agree Realty

372 hedge funds and large institutions have $5.27B invested in Agree Realty in 2023 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 154 increasing their positions, 117 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

32% more repeat investments, than reductions

Existing positions increased: 154 | Existing positions reduced: 117

2% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 44

1% less funds holding

Funds holding: 374372 (-2)

2.97% less ownership

Funds ownership: 102.05%99.08% (-3%)

15% less capital invested

Capital invested by funds: $6.23B → $5.27B (-$956M)

61% less call options, than puts

Call options by funds: $2.73M | Put options by funds: $7.02M

Holders
372
Holders Change
-2
Holders Change %
-0.53%
% of All Funds
5.9%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
45
Increased
154
Reduced
117
Closed
44
Calls
$2.73M
Puts
$7.02M
Net Calls
-$4.29M
Net Calls Change
-$5.57M
Name Holding Trade Value Shares
Change
Change in
Stake
Norges Bank
26
Norges Bank
Norway
$52.4M +$1.61M +25,685 +3%
Morgan Stanley
27
Morgan Stanley
New York
$49.2M -$3.49M -55,765 -6%
Legal & General Group
28
Legal & General Group
United Kingdom
$43M +$1.22M +19,467 +3%
WMSA
29
Weiss Multi-Strategy Advisers
New York
$42.9M +$27.4M +438,250 +130%
HRES
30
Heitman Real Estate Securities
Illinois
$42.4M +$1.01M +16,105 +2%
American Century Companies
31
American Century Companies
Missouri
$40M +$9.48M +151,711 +27%
SI
32
Scout Investments
Missouri
$33.9M -$647K -10,345 -2%
BC
33
Brookfield Corp
Ontario, Canada
$32M -$9.34M -149,500 -21%
FCM
34
Frontier Capital Management
Massachusetts
$31.7M +$3.02M +48,301 +9%
William Blair Investment Management
35
William Blair Investment Management
Illinois
$30.7M +$3.43M +54,937 +11%
UBS AM
36
UBS AM
Illinois
$30.4M +$6.25M +99,992 +22%
GA
37
GRS Advisors
Illinois
$30.2M +$34.1M +546,203 New
Alyeska Investment Group
38
Alyeska Investment Group
Illinois
$29.4M +$12.3M +196,592 +59%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$28.2M +$2.35M +37,520 +8%
JAM
40
Jupiter Asset Management
United Kingdom
$25.8M +$28.1M +449,167 +2,443%
Allspring Global Investments
41
Allspring Global Investments
North Carolina
$24.5M +$21M +336,089 +314%
State of New Jersey Common Pension Fund D
42
State of New Jersey Common Pension Fund D
New Jersey
$24.4M +$901K +14,411 +3%
CFC
43
Cincinnati Financial Corp
Ohio
$22.5M
AAMU
44
APG Asset Management US
New York
$22M -$2.64M -42,211 -10%
Wells Fargo
45
Wells Fargo
California
$21.7M -$240K -3,839 -1%
CI
46
Cincinnati Insurance
Ohio
$21.1M
ACM
47
AEW Capital Management
Massachusetts
$20.9M -$40K -640 -0.2%
FWIA
48
Fort Washington Investment Advisors
Ohio
$20.9M +$9.66M +154,570 +69%
Loomis, Sayles & Company
49
Loomis, Sayles & Company
Massachusetts
$19.9M -$437K -6,998 -2%
BG
50
Bahl & Gaynor
Ohio
$19.3M +$1.59M +25,484 +8%

ADC Hedge Fund Activity: Q3 2023 in Review

372 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q3 2023, worth a combined $5.27B — down 15% from $6.23B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new ADC positions and 44 closed out — a net gain of 1 holder — while 154 added to existing stakes and 117 trimmed.

The largest buyer was Macquarie Group, adding an estimated $59.3M. The largest seller was Wellington Management Group, exiting entirely with an estimated $89.7M sold.

  • 372 institutional investors held Agree Realty (ADC) as of Q3 2023, down from 374 in Q2 2023.
  • Funds reported $5.27B of Agree Realty stock for Q3 2023, down 15% quarter-over-quarter.
  • 45 funds opened new Agree Realty positions in Q3 2023 and 44 closed out, a net change of +1 holder.
  • The largest Agree Realty buyer in Q3 2023 was Macquarie Group, an estimated $59.3M added.
  • The largest Agree Realty seller in Q3 2023 was Wellington Management Group, an estimated $89.7M sold.

Based on aggregated 13F filings for Q3 2023.