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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
MNG
76
Manning & Napier Group
New York
$9.5M +$768K +12,281 +8%
GC
77
Guggenheim Capital
Illinois
$9.12M -$247K -3,955 -2%
Canada Life
78
Canada Life
Manitoba, Canada
$8.83M +$636K +10,174 +7%
AllianceBernstein
79
AllianceBernstein
Tennessee
$8.62M -$18.3K -293 -0.2%
State of Wisconsin Investment Board
80
State of Wisconsin Investment Board
Wisconsin
$8.23M -$173K -2,763 -2%
UBS Group
81
UBS Group
Switzerland
$7.84M +$616K +9,849 +7%
AIG
82
American International Group
New York
$7.49M -$309K -4,939 -4%
SEI Investments
83
SEI Investments
Pennsylvania
$7.14M -$1.52M -24,292 -16%
Goldman Sachs
84
Goldman Sachs
New York
$6.98M -$7.58M -121,336 -49%
Franklin Resources
85
Franklin Resources
California
$6.7M -$1.29M -20,627 -15%
Retirement Systems of Alabama
86
Retirement Systems of Alabama
Alabama
$6.64M +$6.19K +99 +0.1%
Fisher Asset Management
87
Fisher Asset Management
Washington
$6.46M
CS
88
Credit Suisse
Switzerland
$6.15M -$131K -2,093 -2%
Nomura Asset Management
89
Nomura Asset Management
Japan
$6.15M +$303K +4,840 +5%
EAM
90
Eagle Asset Management
Florida
$6.15M +$64.6K +1,033 +0.9%
New York State Teachers Retirement System (NYSTRS)
91
New York State Teachers Retirement System (NYSTRS)
New York
$6.12M +$46.1K +737 +0.7%
California State Teachers Retirement System (CalSTRS)
92
California State Teachers Retirement System (CalSTRS)
California
$5.68M -$401K -6,410 -6%
Mitsubishi UFJ Trust & Banking
93
Mitsubishi UFJ Trust & Banking
Japan
$5.66M +$98.3K +1,573 +2%
BA
94
Bridgewater Associates
Connecticut
$5.58M +$2.27M +36,340 +56%
Royal Bank of Canada
95
Royal Bank of Canada
Ontario, Canada
$5.31M +$362K +5,787 +6%
Citigroup
96
Citigroup
New York
$5.22M +$1.77M +28,253 +43%
JF
97
Jump Financial
Illinois
$5.12M +$4.1M +65,624 +243%
VRS
98
Virginia Retirement Systems
Virginia
$5M +$144K +2,300 +3%
MCM
99
Masterton Capital Management
New York
$5M +$5.66M +90,500 New
Manulife (Manufacturers Life Insurance)
100
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4.99M +$1.24M +19,802 +28%

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.