Agree Realty
241 hedge funds and large institutions have $2.81B invested in Agree Realty in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 98 increasing their positions, 77 reducing their positions, and 31 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 77
20% more capital invested
Capital invested by funds: $2.34B → $2.81B (+$467M)
10% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 31
2% less funds holding
Funds holding: 245 → 241 (-4)
7.12% less ownership
Funds ownership: 114.77% → 107.65% (-7.1%)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$83.9M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$46.5M |
| 3 |
State Street
Boston,
Massachusetts
|
+$19.7M |
| 4 |
BlackRock
New York
|
+$19.3M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$12.1M |
| 2 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$11.2M |
| 3 |
D.E. Shaw & Co
New York
|
-$9.39M |
| 4 |
MWNA
Marshall Wace North America
New York
|
-$7.05M |
| 5 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
-$7M |
ADC Hedge Fund Activity: Q1 2019 in Review
241 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q1 2019, worth a combined $2.81B — up 20% from $2.34B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of ADC and 28 opened new positions — a net loss of 3 holders — while 77 trimmed existing stakes and 98 added.
The largest buyer was Vanguard Group, adding an estimated $83.9M. The largest seller was JP Morgan Chase, cutting an estimated $12.1M.
- 241 institutional investors held Agree Realty (ADC) as of Q1 2019, down from 245 in Q4 2018.
- Funds reported $2.81B of Agree Realty stock for Q1 2019, up 20% quarter-over-quarter.
- 28 funds opened new Agree Realty positions in Q1 2019 and 31 closed out, a net change of -3 holders.
- The largest Agree Realty buyer in Q1 2019 was Vanguard Group, an estimated $83.9M added.
- The largest Agree Realty seller in Q1 2019 was JP Morgan Chase, an estimated $12.1M sold.
Based on aggregated 13F filings for Q1 2019.