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Agree Realty
ADC

374 hedge funds and large institutions have $6.23B invested in Agree Realty in 2023 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 134 increasing their positions, 133 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

73% more call options, than puts

Call options by funds: $3.05M | Put options by funds: $1.76M

40% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 40

4% more funds holding

Funds holding: 360 → 374 (+14)

1% more repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 133

6.19% less ownership

Funds ownership: 108.24% → 102.05% (-6.2%)

7% less capital invested

Capital invested by funds: $6.7B → $6.23B (-$478M)

Holders
374
Holders Change
+14
Holders Change %
+3.89%
% of All Funds
5.87%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
56
Increased
134
Reduced
133
Closed
40
Calls
$3.05M
Puts
$1.76M
Net Calls
+$1.28M
Net Calls Change
+$315K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$39.5M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$30.9M
3
Invesco
Invesco
Georgia
+$29.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$27.8M
5
Walleye Capital
Walleye Capital
New York
+$23.5M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$144M
2
Morgan Stanley
Morgan Stanley
New York
-$79.5M
3
Goldman Sachs
Goldman Sachs
New York
-$45.4M
4
Prudential Financial
Prudential Financial
New Jersey
-$39.6M
5
ZP
Zimmer Partners
New York
-$35.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIM
126
MetLife Investment Management
New Jersey
$3.65M -$2.82M -42,571 -43%
SFI
127
Susquehanna Fundamental Investments
Pennsylvania
$3.56M -$1.16M -17,454 -24%
Mitsubishi UFJ Asset Management
128
Mitsubishi UFJ Asset Management
Japan
$3.56M +$315K +4,764 +10%
ETC
129
Exchange Traded Concepts
Oklahoma
$3.55M -$180K -2,724 -5%
SOADOR
130
State of Alaska Department of Revenue
Alaska
$3.5M -$263K -3,974 -7%
SSA
131
Schonfeld Strategic Advisors
New York
$3.29M +$822K +12,420 +33%
Teacher Retirement System of Texas
132
Teacher Retirement System of Texas
Texas
$3.24M -$106K -1,601 -3%
ERSOT
133
Employees Retirement System of Texas
Texas
$3.04M +$397K +6,000 +15%
BNP Paribas Financial Markets
134
BNP Paribas Financial Markets
France
$3.03M -$2.41M -36,345 -44%
CSS
135
Cubist Systematic Strategies
Connecticut
$3.01M +$2.95M +44,543 +3,080%
YCM
136
Yousif Capital Management
Michigan
$3M +$37.5K +567 +1%
TRSOTSOK
137
Teachers Retirement System of the State of Kentucky
Kentucky
$2.96M -$29.3K -443 -1%
COPPSERS
138
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.95M +$341K +5,157 +13%
Nisa Investment Advisors
139
Nisa Investment Advisors
Missouri
$2.92M -$47.8K -722 -2%
BCP
140
Blue Chip Partners
Michigan
$2.89M -$1.41M -21,277 -32%
Ensign Peak Advisors
141
Ensign Peak Advisors
Utah
$2.82M +$1.33M +20,130 +87%
Holocene Advisors
142
Holocene Advisors
New York
$2.75M +$2.78M +42,073 New
PS
143
Presima Securities
Quebec, Canada
$2.73M +$19.9K +300 +0.7%
T. Rowe Price Associates
144
T. Rowe Price Associates
Maryland
$2.61M -$207K -3,126 -7%
ACA
145
Aptus Capital Advisors
Alabama
$2.58M +$220K +3,324 +9%
Treasurer of the State of North Carolina
146
Treasurer of the State of North Carolina
North Carolina
$2.54M +$2.57M +38,880 New
JMPWA
147
JP Morgan Private Wealth Advisors
California
$2.51M -$142K -2,141 -5%
Bank of Montreal
148
Bank of Montreal
Ontario, Canada
$2.34M -$361K -5,450 -13%
AQR Capital Management
149
AQR Capital Management
Connecticut
$2.15M +$874K +13,209 +67%
M&T Bank
150
M&T Bank
New York
$2.14M +$60.8K +919 +3%
4 5
6
7 8

ADC Hedge Fund Activity: Q2 2023 in Review

374 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q2 2023, worth a combined $6.23B — down 7.1% from $6.7B a quarter earlier.

Buyers outnumbered sellers: 56 funds opened new ADC positions and 40 closed out — a net gain of 16 holders — while 134 added to existing stakes and 133 trimmed.

The largest buyer was Millennium Management, adding an estimated $39.5M. The largest seller was BlackRock, cutting an estimated $144M.

  • 374 institutional investors held Agree Realty (ADC) as of Q2 2023, up from 360 in Q1 2023.
  • Funds reported $6.23B of Agree Realty stock for Q2 2023, down 7.1% quarter-over-quarter.
  • 56 funds opened new Agree Realty positions in Q2 2023 and 40 closed out, a net change of +16 holders.
  • The largest Agree Realty buyer in Q2 2023 was Millennium Management, an estimated $39.5M added.
  • The largest Agree Realty seller in Q2 2023 was BlackRock, an estimated $144M sold.

Based on aggregated 13F filings for Q2 2023.