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Agree Realty
ADC

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
170
Holders Change
-12
Holders Change %
-6.59%
% of All Funds
4.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
66
Reduced
59
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$172M
2
Deutsche Bank
Deutsche Bank
Germany
+$21.8M
3
American Century Companies
American Century Companies
Missouri
+$9.17M
4
Cohen & Steers
Cohen & Steers
New York
+$8.33M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$6.56M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$18.8M
2
HRES
Heitman Real Estate Securities
Illinois
-$7.16M
3
Northern Trust
Northern Trust
Illinois
-$5.29M
4
MAM
Martingale Asset Management
Massachusetts
-$3.87M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$3.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$178M +$172M +3,637,882 +4,812%
Vanguard Group
2
Vanguard Group
Pennsylvania
$158M +$2.87M +60,662 +2%
Deutsche Bank
3
Deutsche Bank
Germany
$99.8M +$21.8M +459,357 +28%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$87.9M -$18.8M -396,357 -18%
Principal Financial Group
5
Principal Financial Group
Iowa
$55.4M -$1.47M -30,920 -3%
Northern Trust
6
Northern Trust
Illinois
$39.2M -$5.29M -111,732 -12%
Cohen & Steers
7
Cohen & Steers
New York
$34.7M +$8.33M +175,734 +32%
State Street
8
State Street
Massachusetts
$34.4M +$3.02M +63,748 +10%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$33.7M +$1.5M +31,668 +5%
EAM
10
Edge Asset Management
Washington
$21.7M +$1.63M +34,360 +8%
State of New Jersey Common Pension Fund D
11
State of New Jersey Common Pension Fund D
New Jersey
$21.4M -$474K -10,000 -2%
UIC
12
Uniplan Investment Counsel
Wisconsin
$18.7M +$970K +20,478 +6%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$17.5M +$2.05M +43,297 +13%
Russell Investments Group
14
Russell Investments Group
United Kingdom
$17.1M +$6.56M +138,362 +64%
TA
15
Teachers Advisors
New York
$15.7M +$2.51M +53,072 +19%
SAM
16
Securian Asset Management
Minnesota
$12.8M +$185K +3,900 +1%
Invesco
17
Invesco
Georgia
$11.4M +$259K +5,462 +2%
Robeco Institutional Asset Management
18
Robeco Institutional Asset Management
Netherlands
$10.9M -$2.34M -49,318 -18%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$10.1M +$263K +5,549 +3%
American Century Companies
20
American Century Companies
Missouri
$9.71M +$9.17M +193,541 +2,179%
MPI
21
Mairs & Power Inc
Minnesota
$8.83M +$1.92M +40,480 +28%
Baird Financial Group
22
Baird Financial Group
Wisconsin
$8.35M -$299K -6,301 -3%
Ameriprise
23
Ameriprise
Minnesota
$6.92M +$493K +10,404 +8%
ESCM
24
Echo Street Capital Management
New York
$6.79M +$427K +9,003 +7%
EAM
25
Eagle Asset Management
Florida
$6.41M -$125K -2,630 -2%
1
2 3 4 5

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.