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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
GCA
151
GSI Capital Advisors
California
$2.14M +$311K +4,701 +17%
AAM
152
Advisors Asset Management
Colorado
$2.05M -$132K -1,999 -6%
OTPPB
153
Ontario Teachers' Pension Plan Board
Ontario, Canada
$2.03M +$1.19M +17,995 +138%
BCI
154
Brinker Capital Investments
Pennsylvania
$2M -$99.9K -1,510 -5%
OPS
155
Orion Portfolio Solutions
Nebraska
$2M -$99.9K -1,510 -5%
Neuberger Berman Group
156
Neuberger Berman Group
New York
$1.91M -$42.3K -639 -2%
FNBOO
157
First National Bank of Omaha
Nebraska
$1.86M +$13.5K +204 +0.7%
Stifel Financial
158
Stifel Financial
Missouri
$1.86M +$66.2K +1,000 +4%
State of Tennessee, Department of Treasury
159
State of Tennessee, Department of Treasury
Tennessee
$1.83M +$1.85M +27,947 New
VI
160
Versor Investments
New York
$1.82M +$993K +15,007 +116%
LSERS
161
Louisiana State Employees Retirement System
Louisiana
$1.78M +$245K +3,700 +16%
JF
162
Jump Financial
Illinois
$1.77M +$1.79M +27,009 New
OPERF
163
Oregon Public Employees Retirement Fund
Oregon
$1.76M +$72.8K +1,100 +4%
Walleye Trading
164
Walleye Trading
New York
$1.76M +$756K +11,421 +74%
EOJOAM
165
E. Ohman J:or Asset Management
Sweden
$1.72M +$139K +2,100 +9%
NWM
166
Nicola Wealth Management
British Columbia, Canada
$1.69M +$238K +3,600 +16%
RJFSA
167
Raymond James Financial Services Advisors
Florida
$1.69M -$146K -2,210 -8%
State Board of Administration of Florida Retirement System
168
State Board of Administration of Florida Retirement System
Florida
$1.67M +$993K +15,010 +143%
ASRS
169
Arizona State Retirement System
Arizona
$1.66M -$20.8K -314 -1%
MYAM
170
Meiji Yasuda Asset Management
Japan
$1.65M +$36.3K +549 +2%
WBC
171
Westpac Banking Corp
Australia
$1.64M -$13.1M -197,553 -89%
UM
172
UniSuper Management
Australia
$1.63M +$1.65M +24,900 New
VanEck Associates
173
VanEck Associates
New York
$1.62M +$82.5K +1,247 +5%
AIP
174
Ameritas Investment Partners
Nebraska
$1.52M -$409K -6,176 -21%
SOMRS
175
State of Michigan Retirement System
Michigan
$1.5M +$39.7K +600 +3%
5 6
7
8 9

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.