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Agree Realty
ADC

320 hedge funds and large institutions have $5.18B invested in Agree Realty in 2022 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 144 increasing their positions, 99 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 144 | Existing positions reduced: 99

2.58% more ownership

Funds ownership: 106.97% → 109.55% (+2.6%)

5% less capital invested

Capital invested by funds: $5.44B → $5.18B (-$261M)

2% less funds holding

Funds holding: 326 → 320 (-6)

10% less first-time investments, than exits

New positions opened: 36 | Existing positions closed: 40

33% less call options, than puts

Call options by funds: $3.64M | Put options by funds: $5.47M

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
320
Holders Change
-6
Holders Change %
-1.84%
% of All Funds
5.05%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
36
Increased
144
Reduced
99
Closed
40
Calls
$3.64M
Puts
$5.47M
Net Calls
-$1.83M
Net Calls Change
-$1.83M

Top Buyers

1
HRES
Heitman Real Estate Securities
Illinois
+$45.8M
2
Morgan Stanley
Morgan Stanley
New York
+$33.2M
3
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$30M
4
State Street
State Street
Massachusetts
+$29.4M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$23.5M

Top Sellers

1
ACM
AEW Capital Management
Massachusetts
-$61.5M
2
WMSA
Weiss Multi-Strategy Advisers
New York
-$31.7M
3
Millennium Management
Millennium Management
New York
-$26.6M
4
WCA
Waratah Capital Advisors
Ontario, Canada
-$21.5M
5
NIPH
NN Investment Partners Holdings
Netherlands
-$13.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$924M +$16.5M +253,433 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$760M +$23.5M +361,722 +3%
Principal Financial Group
3
Principal Financial Group
Iowa
$398M +$15.4M +237,186 +4%
State Street
4
State Street
Massachusetts
$287M +$29.4M +451,462 +12%
CIM
5
Centersquare Investment Management
Pennsylvania
$253M +$14.2M +218,492 +6%
Deutsche Bank
6
Deutsche Bank
Germany
$143M +$23.5M +361,139 +20%
Morgan Stanley
7
Morgan Stanley
New York
$116M +$33.2M +510,133 +41%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$100M -$3.03M -46,629 -3%
Daiwa Securities Group
9
Daiwa Securities Group
Japan
$88.2M -$739K -11,363 -0.8%
Cohen & Steers
10
Cohen & Steers
New York
$86.8M -$796K -12,246 -0.9%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$78.7M +$977K +15,030 +1%
LIMS
12
Lasalle Investment Management Securities
Maryland
$78.2M +$2.36M +36,319 +3%
N
13
Nuveen
North Carolina
$75.2M +$1.2M +18,433 +2%
Invesco
14
Invesco
Georgia
$72.7M +$20.3M +311,418 +40%
BC
15
Brookfield Corp
Ontario, Canada
$71M +$6.74M +103,711 +11%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$69.1M -$226K -3,477 -0.3%
Sumitomo Mitsui Trust Group
17
Sumitomo Mitsui Trust Group
Japan
$60.5M +$751K +11,549 +1%
Northern Trust
18
Northern Trust
Illinois
$57.1M -$8.99M -138,316 -14%
Charles Schwab
19
Charles Schwab
California
$57M +$3.48M +53,537 +7%
Thrivent Financial for Lutherans
20
Thrivent Financial for Lutherans
Minnesota
$56.5M -$3.03M -46,560 -5%
Russell Investments Group
21
Russell Investments Group
United Kingdom
$56.3M +$3.97K +61 +0%
Millennium Management
22
Millennium Management
New York
$50.5M -$26.6M -409,305 -35%
JP Morgan Chase
23
JP Morgan Chase
New York
$49.6M -$119K -1,823 -0.2%
DRZID
24
DePrince Race & Zollo Inc (DRZ)
Florida
$49.5M +$30M +460,842 +162%
HRES
25
Heitman Real Estate Securities
Illinois
$46.7M +$45.8M +704,213 New
1
2 3 4 5

ADC Hedge Fund Activity: Q1 2022 in Review

320 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q1 2022, worth a combined $5.18B — down 4.8% from $5.44B a quarter earlier.

Sellers outnumbered buyers: 40 funds closed out of ADC and 36 opened new positions — a net loss of 4 holders — while 99 trimmed existing stakes and 144 added.

The largest buyer was Heitman Real Estate Securities, opening a new position worth an estimated $45.8M. The largest seller was AEW Capital Management, exiting entirely with an estimated $61.5M sold.

  • 320 institutional investors held Agree Realty (ADC) as of Q1 2022, down from 326 in Q4 2021.
  • Funds reported $5.18B of Agree Realty stock for Q1 2022, down 4.8% quarter-over-quarter.
  • 36 funds opened new Agree Realty positions in Q1 2022 and 40 closed out, a net change of -4 holders.
  • The largest Agree Realty buyer in Q1 2022 was Heitman Real Estate Securities, an estimated $45.8M added.
  • The largest Agree Realty seller in Q1 2022 was AEW Capital Management, an estimated $61.5M sold.

Based on aggregated 13F filings for Q1 2022.