Agree Realty
320 hedge funds and large institutions have $5.18B invested in Agree Realty in 2022 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 144 increasing their positions, 99 reducing their positions, and 40 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 99
2.58% more ownership
Funds ownership: 106.97% → 109.55% (+2.6%)
5% less capital invested
Capital invested by funds: $5.44B → $5.18B (-$261M)
2% less funds holding
Funds holding: 326 → 320 (-6)
10% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 40
33% less call options, than puts
Call options by funds: $3.64M | Put options by funds: $5.47M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$45.8M |
| 2 |
Morgan Stanley
New York
|
+$33.2M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$30M |
| 4 |
State Street
Boston,
Massachusetts
|
+$29.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
AEW Capital Management
Boston,
Massachusetts
|
-$61.5M |
| 2 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$31.7M |
| 3 |
Millennium Management
New York
|
-$26.6M |
| 4 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$21.5M |
| 5 |
NIPH
NN Investment Partners Holdings
The Hague,
Netherlands
|
-$13.5M |
ADC Hedge Fund Activity: Q1 2022 in Review
320 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q1 2022, worth a combined $5.18B — down 4.8% from $5.44B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of ADC and 36 opened new positions — a net loss of 4 holders — while 99 trimmed existing stakes and 144 added.
The largest buyer was Heitman Real Estate Securities, opening a new position worth an estimated $45.8M. The largest seller was AEW Capital Management, exiting entirely with an estimated $61.5M sold.
- 320 institutional investors held Agree Realty (ADC) as of Q1 2022, down from 326 in Q4 2021.
- Funds reported $5.18B of Agree Realty stock for Q1 2022, down 4.8% quarter-over-quarter.
- 36 funds opened new Agree Realty positions in Q1 2022 and 40 closed out, a net change of -4 holders.
- The largest Agree Realty buyer in Q1 2022 was Heitman Real Estate Securities, an estimated $45.8M added.
- The largest Agree Realty seller in Q1 2022 was AEW Capital Management, an estimated $61.5M sold.
Based on aggregated 13F filings for Q1 2022.