Agree Realty
195 hedge funds and large institutions have $920M invested in Agree Realty in 2016 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 108 increasing their positions, 43 reducing their positions, and 20 closing their positions.
151% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 43
52% more capital invested
Capital invested by funds: $607M → $920M (+$314M)
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
5.52% more ownership
Funds ownership: 76.49% → 82.01% (+5.5%)
1% more funds holding
Funds holding: 194 → 195 (+1)
30% less call options, than puts
Call options by funds: $376K | Put options by funds: $535K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$23.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.4M |
| 3 |
MFIMFI
Mesirow Financial Investment Management - Fixed Income
Chicago,
Illinois
|
+$15.2M |
| 4 |
Millennium Management
New York
|
+$10.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
-$4.1M |
| 2 |
Renaissance Technologies
New York
|
-$3.82M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$3.05M |
| 4 |
RIM
Rainier Investment Management
Seattle,
Washington
|
-$2.97M |
| 5 |
REMS
Real Estate Management Services
|
-$2.14M |
ADC Hedge Fund Activity: Q2 2016 in Review
195 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q2 2016, worth a combined $920M — up 52% from $607M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new ADC positions and 20 closed out — a net gain of 3 holders — while 108 added to existing stakes and 43 trimmed.
The largest buyer was Vanguard Group, adding an estimated $23.1M. The largest seller was Northpointe Capital, exiting entirely with an estimated $4.1M sold.
- 195 institutional investors held Agree Realty (ADC) as of Q2 2016, up from 194 in Q1 2016.
- Funds reported $920M of Agree Realty stock for Q2 2016, up 52% quarter-over-quarter.
- 23 funds opened new Agree Realty positions in Q2 2016 and 20 closed out, a net change of +3 holders.
- The largest Agree Realty buyer in Q2 2016 was Vanguard Group, an estimated $23.1M added.
- The largest Agree Realty seller in Q2 2016 was Northpointe Capital, an estimated $4.1M sold.
Based on aggregated 13F filings for Q2 2016.