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Agree Realty
ADC

170 hedge funds and large institutions have $1.11B invested in Agree Realty in 2017 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 66 increasing their positions, 59 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 59

5% more capital invested

Capital invested by funds: $1.06B → $1.11B (+$53.2M)

0.19% less ownership

Funds ownership: 88.63% → 88.44% (-0.19%)

7% less funds holding

Funds holding: 182 → 170 (-12)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
170
Holders Change
-12
Holders Change %
-6.59%
% of All Funds
4.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
66
Reduced
59
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$172M
2
Deutsche Bank
Deutsche Bank
Germany
+$21.8M
3
American Century Companies
American Century Companies
Missouri
+$9.17M
4
Cohen & Steers
Cohen & Steers
New York
+$8.33M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$6.56M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$18.8M
2
HRES
Heitman Real Estate Securities
Illinois
-$7.16M
3
Northern Trust
Northern Trust
Illinois
-$5.29M
4
MAM
Martingale Asset Management
Massachusetts
-$3.87M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$3.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
ASRS
101
Arizona State Retirement System
Arizona
$652K +$4.74K +100 +0.7%
SCM
102
Symons Capital Management
Pennsylvania
$592K -$59.6K -1,257 -9%
AG
103
Aperio Group
California
$592K +$122K +2,570 +26%
Envestnet Asset Management
104
Envestnet Asset Management
Illinois
$586K +$7.11K +150 +1%
NGA
105
Naples Global Advisors
Florida
$559K – – –
Macquarie Group
106
Macquarie Group
Australia
$523K – – –
LSERS
107
Louisiana State Employees Retirement System
Louisiana
$513K +$9.48K +200 +2%
KBC Group
108
KBC Group
Belgium
$512K -$409K -8,626 -45%
VOYA Investment Management
109
VOYA Investment Management
Georgia
$499K – – –
UBS Group
110
UBS Group
Switzerland
$488K -$362K -7,636 -43%
RJFSA
111
Raymond James Financial Services Advisors
Florida
$485K -$6.16K -130 -1%
First Trust Advisors
112
First Trust Advisors
Illinois
$415K -$433K -9,139 -51%
US Bancorp
113
US Bancorp
Minnesota
$397K -$27.2K -575 -6%
AA
114
AlphaMark Advisors
Kentucky
$371K – – –
Stifel Financial
115
Stifel Financial
Missouri
$370K +$366K +7,734 New
TRSOTSOK
116
Teachers Retirement System of the State of Kentucky
Kentucky
$369K – – –
CAM
117
Capstone Asset Management
Texas
$368K -$39.8K -840 -10%
Creative Planning
118
Creative Planning
Kansas
$364K – – –
IR
119
Invictus RG
Bermuda
$333K +$303K +6,404 +1,169%
MSA
120
Mason Street Advisors
Wisconsin
$293K +$19K +401 +7%
MERSOM
121
Municipal Employees' Retirement System of Michigan
Michigan
$287K +$10.9K +230 +4%
AG
122
Advisor Group
Arizona
$284K +$153K +3,231 +121%
REMS
123
Real Estate Management Services
$283K -$152K -3,200 -35%
QI
124
QS Investors
New York
$281K +$82K +1,731 +42%
B
125
Bailard
California
$268K – – –
3 4
5
6 7

ADC Hedge Fund Activity: Q1 2017 in Review

170 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q1 2017, worth a combined $1.11B — up 5% from $1.06B a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of ADC and 12 opened new positions — a net loss of 4 holders — while 59 trimmed existing stakes and 66 added.

The largest buyer was BlackRock, adding an estimated $172M. The largest seller was Fidelity Investments, cutting an estimated $18.8M.

  • 170 institutional investors held Agree Realty (ADC) as of Q1 2017, down from 182 in Q4 2016.
  • Funds reported $1.11B of Agree Realty stock for Q1 2017, up 5% quarter-over-quarter.
  • 12 funds opened new Agree Realty positions in Q1 2017 and 16 closed out, a net change of -4 holders.
  • The largest Agree Realty buyer in Q1 2017 was BlackRock, an estimated $172M added.
  • The largest Agree Realty seller in Q1 2017 was Fidelity Investments, an estimated $18.8M sold.

Based on aggregated 13F filings for Q1 2017.