Agree Realty
124 hedge funds and large institutions have $276M invested in Agree Realty in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 54 increasing their positions, 31 reducing their positions, and 12 closing their positions.
310% more call options, than puts
Call options by funds: $172K | Put options by funds: $42K
74% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 31
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
11% more capital invested
Capital invested by funds: $247M → $276M (+$28.2M)
5.81% more ownership
Funds ownership: 63.3% → 69.11% (+5.8%)
1% more funds holding
Funds holding: 123 → 124 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$11.2M |
| 2 |
EAM
Edge Asset Management
Seattle,
Washington
|
+$6.26M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$4.37M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$3.01M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$9.29M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$4.73M |
| 3 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$2.5M |
| 4 |
Morgan Stanley
New York
|
-$1.54M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Millennium Management
New York
| – | -$673K | -22,791 | Closed |
|
|
TC
127
TFS Capital
West Chester,
Pennsylvania
| – | -$611K | -20,685 | Closed |
|
128
Two Sigma Advisers
New York
| – | -$509K | -17,240 | Closed |
|
|
RJFSA
129
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$369K | -12,507 | Closed |
|
130
Two Sigma Investments
New York
| – | -$337K | -11,431 | Closed |
|
|
MAM
131
Martingale Asset Management
Boston,
Massachusetts
| – | -$319K | -10,806 | Closed |
|
132
D.E. Shaw & Co
New York
| – | -$286K | -9,695 | Closed |
|
133
First Trust Advisors
Wheaton,
Illinois
| – | -$281K | -9,513 | Closed |
|
|
GCP
134
GSA Capital Partners
London,
United Kingdom
| – | -$275K | -9,300 | Closed |
|
|
MA
135
MUFG Americas
New York
| – | -$254K | -8,600 | Closed |
|
136
BNP Paribas Financial Markets
Paris,
France
| – | -$215K | -7,280 | Closed |
|
ADC Hedge Fund Activity: Q3 2013 in Review
124 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q3 2013, worth a combined $276M — up 11% from $247M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new ADC positions and 12 closed out — a net gain of 3 holders — while 54 added to existing stakes and 31 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $11.2M. The largest seller was JP Morgan Chase, cutting an estimated $9.29M.
- 124 institutional investors held Agree Realty (ADC) as of Q3 2013, up from 123 in Q2 2013.
- Funds reported $276M of Agree Realty stock for Q3 2013, up 11% quarter-over-quarter.
- 15 funds opened new Agree Realty positions in Q3 2013 and 12 closed out, a net change of +3 holders.
- The largest Agree Realty buyer in Q3 2013 was BlackRock Fund Advisors, an estimated $11.2M added.
- The largest Agree Realty seller in Q3 2013 was JP Morgan Chase, an estimated $9.29M sold.
Based on aggregated 13F filings for Q3 2013.