Agree Realty
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$172M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$21.8M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$9.17M |
| 4 |
Cohen & Steers
New York
|
+$8.33M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$6.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$18.8M |
| 2 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
-$7.16M |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$5.29M |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$3.87M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.72M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.57M | -34,009 | Closed |
|
|
MC
177
Menta Capital
San Francisco,
California
| – | -$998K | -21,674 | Closed |
|
|
GCP
178
GSA Capital Partners
London,
United Kingdom
| – | -$949K | -20,600 | Closed |
|
|
VRS
179
Virginia Retirement Systems
Richmond,
Virginia
| – | -$709K | -15,400 | Closed |
|
180
Allianz Asset Management
Munich,
Germany
| – | -$609K | -13,240 | Closed |
|
181
TD Asset Management
Toronto,
Ontario, Canada
| – | -$359K | -7,800 | Closed |
|
182
HSBC Holdings
London,
United Kingdom
| – | -$359K | -7,793 | Closed |
|
|
BPM
183
Bowling Portfolio Management
Cincinnati,
Ohio
| – | -$342K | -7,432 | Closed |
|
|
SB
184
Suntrust Banks
Atlanta,
Georgia
| – | -$239K | -5,212 | Closed |
|
185
ProShare Advisors
Bethesda,
Maryland
| – | -$213K | -4,626 | Closed |
|
186
EARNEST Partners
Atlanta,
Georgia
| – | -$55K | -1,200 | Closed |
|
|
TRCT
187
Tower Research Capital (TRC)
New York
| – | -$14K | -314 | Closed |
|
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.