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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
PAMS
176
Pictet Asset Management (Switzerland)
Switzerland
$1.5M -$177K -2,682 -10%
AC
177
Allstate Corporation
Illinois
$1.47M – – –
SMDAM
178
Sumitomo Mitsui DS Asset Management
Japan
$1.45M +$83K +1,254 +6%
Bank of Nova Scotia
179
Bank of Nova Scotia
Ontario, Canada
$1.45M -$875K -13,227 -37%
PL
180
Perpetual Ltd
Australia
$1.43M -$11.9K -180 -0.8%
DIA
181
Dana Investment Advisors
Wisconsin
$1.43M +$67.1K +1,014 +5%
EP
182
Edgestream Partners
New Jersey
$1.4M -$5.37M -81,161 -79%
NMIMC
183
Northwestern Mutual Investment Management Company
Wisconsin
$1.35M +$70.2K +1,061 +5%
CS
184
Capital Square
Tennessee
$1.25M -$50K -756 -4%
Qube Research & Technologies (QRT)
185
Qube Research & Technologies (QRT)
United Kingdom
$1.25M +$1.26M +19,058 New
JAM
186
Jupiter Asset Management
United Kingdom
$1.2M +$1.22M +18,388 New
Handelsbanken Fonder
187
Handelsbanken Fonder
Sweden
$1.2M +$457K +6,900 +60%
NMERB
188
New Mexico Educational Retirement Board
New Mexico
$1.18M +$139K +2,100 +13%
SRAM
189
Spouting Rock Asset Management
Pennsylvania
$1.17M – – –
Capital Fund Management (CFM)
190
Capital Fund Management (CFM)
France
$1.16M +$1.18M +17,798 New
Aberdeen Group
191
Aberdeen Group
United Kingdom
$1.16M +$122K +1,851 +12%
I
192
InceptionR
California
$1.12M +$108K +1,632 +11%
VIA
193
Vident Investment Advisory
Georgia
$1.12M +$24.9K +377 +2%
MWM
194
Moran Wealth Management
Florida
$1.12M -$578K -8,734 -34%
VOYA Investment Management
195
VOYA Investment Management
Georgia
$1.11M -$966K -14,591 -46%
Pacer Advisors
196
Pacer Advisors
Pennsylvania
$1.09M +$1.11M +16,700 New
CSUI
197
Cincinnati Specialty Underwriters Insurance
Ohio
$1.08M – – –
MFWM
198
Motley Fool Wealth Management
Virginia
$1.03M +$68K +1,027 +7%
TRCT
199
Tower Research Capital (TRC)
New York
$1.03M +$769K +11,622 +286%
Creative Planning
200
Creative Planning
Kansas
$1.02M +$442K +6,676 +75%
6 7
8
9 10

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.