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Agree Realty
ADC

360 hedge funds and large institutions have $6.7B invested in Agree Realty in 2023 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 137 increasing their positions, 130 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more call options, than puts

Call options by funds: $4.01M | Put options by funds: $3.04M

23% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 39

5% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 130

0% more funds holding

Funds holding: 359 → 360 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $6.89B → $6.7B (-$187M)

3.47% less ownership

Funds ownership: 111.71% → 108.24% (-3.5%)

Holders
360
Holders Change
+1
Holders Change %
+0.28%
% of All Funds
5.74%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
48
Increased
137
Reduced
130
Closed
39
Calls
$4.01M
Puts
$3.04M
Net Calls
+$967K
Net Calls Change
-$713K

Top Buyers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
+$45.2M
2
UBS AM
UBS AM
Illinois
+$32.2M
3
William Blair Investment Management
William Blair Investment Management
Illinois
+$30.5M
4
Millennium Management
Millennium Management
New York
+$30.5M
5
JP Morgan Chase
JP Morgan Chase
New York
+$28.6M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$266M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$66.9M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$33.9M
4
Morgan Stanley
Morgan Stanley
New York
-$25.7M
5
Deutsche Bank
Deutsche Bank
Germany
-$22.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
NWM
176
Nicola Wealth Management
British Columbia, Canada
$1.53M +$1.59M +22,300 New
PL
177
Perpetual Ltd
Australia
$1.52M +$1.58M +22,110 New
SMDAM
178
Sumitomo Mitsui DS Asset Management
Japan
$1.44M +$596K +8,354 +66%
DIA
179
Dana Investment Advisors
Wisconsin
$1.43M -$63.9K -895 -4%
NMIMC
180
Northwestern Mutual Investment Management Company
Wisconsin
$1.35M +$1.4M +19,651 New
AQR Capital Management
181
AQR Capital Management
Connecticut
$1.34M -$86.5K -1,211 -6%
CS
182
Capital Square
Tennessee
$1.33M -$53.2K -745 -4%
SRAM
183
Spouting Rock Asset Management
Pennsylvania
$1.23M -$667K -9,349 -34%
VIA
184
Vident Investment Advisory
Georgia
$1.15M +$35.5K +497 +3%
CSUI
185
Cincinnati Specialty Underwriters Insurance
Ohio
$1.13M – – –
NMERB
186
New Mexico Educational Retirement Board
New Mexico
$1.1M +$1.14M +16,000 New
US Bancorp
187
US Bancorp
Minnesota
$1.09M +$182K +2,549 +19%
Aberdeen Group
188
Aberdeen Group
United Kingdom
$1.09M +$21K +294 +2%
IB
189
Intrust Bank
Kansas
$1.08M +$76.5K +1,072 +7%
I
190
InceptionR
California
$1.06M +$312K +4,371 +39%
Walleye Trading
191
Walleye Trading
New York
$1.06M +$893K +12,508 +426%
CFFP
192
Center for Financial Planning
Michigan
$1.02M – – –
MFWM
193
Motley Fool Wealth Management
Virginia
$1.01M -$42.6K -596 -4%
SAM
194
Silvercrest Asset Management
New York
$1.01M – – –
OAM
195
Oppenheimer Asset Management
New York
$983K +$4.36K +61 +0.4%
KI
196
Kula Investments
Illinois
$954K +$993K +13,910 New
X
197
Xponance
Pennsylvania
$944K +$625K +8,755 +175%
CCIA
198
Campbell & Co Investment Adviser
Maryland
$929K +$967K +13,540 New
JAM
199
JLP Asset Management
New York
$919K -$121K -1,700 -11%
Federated Hermes
200
Federated Hermes
Pennsylvania
$910K +$947K +13,268 New
6 7
8
9 10

ADC Hedge Fund Activity: Q1 2023 in Review

360 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q1 2023, worth a combined $6.7B — down 2.7% from $6.89B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new ADC positions and 39 closed out — a net gain of 9 holders — while 137 added to existing stakes and 130 trimmed.

The largest buyer was Norges Bank, adding an estimated $45.2M. The largest seller was BlackRock, cutting an estimated $266M.

  • 360 institutional investors held Agree Realty (ADC) as of Q1 2023, up from 359 in Q4 2022.
  • Funds reported $6.7B of Agree Realty stock for Q1 2023, down 2.7% quarter-over-quarter.
  • 48 funds opened new Agree Realty positions in Q1 2023 and 39 closed out, a net change of +9 holders.
  • The largest Agree Realty buyer in Q1 2023 was Norges Bank, an estimated $45.2M added.
  • The largest Agree Realty seller in Q1 2023 was BlackRock, an estimated $266M sold.

Based on aggregated 13F filings for Q1 2023.