Agree Realty
372 hedge funds and large institutions have $5.27B invested in Agree Realty in 2023 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 154 increasing their positions, 117 reducing their positions, and 44 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
32% more repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 117
2% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 44
1% less funds holding
Funds holding: 374 → 372 (-2)
2.97% less ownership
Funds ownership: 102.05% → 99.08% (-3%)
15% less capital invested
Capital invested by funds: $6.23B → $5.27B (-$956M)
61% less call options, than puts
Call options by funds: $2.73M | Put options by funds: $7.02M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$59.3M |
| 2 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$47.4M |
| 3 |
BlackRock
New York
|
+$36.7M |
| 4 |
GA
GRS Advisors
Chicago,
Illinois
|
+$34.1M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$32.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$89.7M |
| 2 |
Millennium Management
New York
|
-$45.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$45.1M |
| 4 |
ZP
Zimmer Partners
New York
|
-$44.1M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$36.4M |
ADC Hedge Fund Activity: Q3 2023 in Review
372 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q3 2023, worth a combined $5.27B — down 15% from $6.23B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new ADC positions and 44 closed out — a net gain of 1 holder — while 154 added to existing stakes and 117 trimmed.
The largest buyer was Macquarie Group, adding an estimated $59.3M. The largest seller was Wellington Management Group, exiting entirely with an estimated $89.7M sold.
- 372 institutional investors held Agree Realty (ADC) as of Q3 2023, down from 374 in Q2 2023.
- Funds reported $5.27B of Agree Realty stock for Q3 2023, down 15% quarter-over-quarter.
- 45 funds opened new Agree Realty positions in Q3 2023 and 44 closed out, a net change of +1 holder.
- The largest Agree Realty buyer in Q3 2023 was Macquarie Group, an estimated $59.3M added.
- The largest Agree Realty seller in Q3 2023 was Wellington Management Group, an estimated $89.7M sold.
Based on aggregated 13F filings for Q3 2023.