Agree Realty
360 hedge funds and large institutions have $6.7B invested in Agree Realty in 2023 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 137 increasing their positions, 130 reducing their positions, and 38 closing their positions.
32% more call options, than puts
Call options by funds: $4.01M | Put options by funds: $3.04M
26% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 38
5% more repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 130
1% more funds holding
Funds holding: 358 → 360 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $6.9B → $6.7B (-$196M)
2.27% less ownership
Funds ownership: 110.51% → 108.24% (-2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$45.2M |
| 2 |
UBS AM
Chicago,
Illinois
|
+$32.2M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$30.5M |
| 4 |
Millennium Management
New York
|
+$30.5M |
| 5 |
JP Morgan Chase
New York
|
+$28.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$266M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$66.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$33.9M |
| 4 |
Morgan Stanley
New York
|
-$25.7M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$22.7M |
ADC Hedge Fund Activity: Q1 2023 in Review
360 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q1 2023, worth a combined $6.7B — down 2.8% from $6.9B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new ADC positions and 38 closed out — a net gain of 10 holders — while 137 added to existing stakes and 130 trimmed.
The largest buyer was Norges Bank, adding an estimated $45.2M. The largest seller was BlackRock, cutting an estimated $266M.
- 360 institutional investors held Agree Realty (ADC) as of Q1 2023, up from 358 in Q4 2022.
- Funds reported $6.7B of Agree Realty stock for Q1 2023, down 2.8% quarter-over-quarter.
- 48 funds opened new Agree Realty positions in Q1 2023 and 38 closed out, a net change of +10 holders.
- The largest Agree Realty buyer in Q1 2023 was Norges Bank, an estimated $45.2M added.
- The largest Agree Realty seller in Q1 2023 was BlackRock, an estimated $266M sold.
Based on aggregated 13F filings for Q1 2023.