Agree Realty
182 hedge funds and large institutions have $1.06B invested in Agree Realty in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 91 increasing their positions, 42 reducing their positions, and 24 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 42
9% more capital invested
Capital invested by funds: $965M → $1.06B (+$91.5M)
6.09% more ownership
Funds ownership: 82.54% → 88.63% (+6.1%)
6% less funds holding
Funds holding: 194 → 182 (-12)
29% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$59.9M |
| 2 |
Cohen & Steers
New York
|
+$23.1M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$22.7M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$18.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFIMFI
Mesirow Financial Investment Management - Fixed Income
Chicago,
Illinois
|
-$17.2M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$9.7M |
| 3 |
Millennium Management
New York
|
-$8.07M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$7.88M |
| 5 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$7.29M |
ADC Hedge Fund Activity: Q4 2016 in Review
182 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q4 2016, worth a combined $1.06B — up 9.5% from $965M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of ADC and 17 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 91 added.
The largest buyer was Fidelity Investments, adding an estimated $59.9M. The largest seller was Mesirow Financial Investment Management - Fixed Income, exiting entirely with an estimated $17.2M sold.
- 182 institutional investors held Agree Realty (ADC) as of Q4 2016, down from 194 in Q3 2016.
- Funds reported $1.06B of Agree Realty stock for Q4 2016, up 9.5% quarter-over-quarter.
- 17 funds opened new Agree Realty positions in Q4 2016 and 24 closed out, a net change of -7 holders.
- The largest Agree Realty buyer in Q4 2016 was Fidelity Investments, an estimated $59.9M added.
- The largest Agree Realty seller in Q4 2016 was Mesirow Financial Investment Management - Fixed Income, an estimated $17.2M sold.
Based on aggregated 13F filings for Q4 2016.