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Agree Realty

471 hedge funds and large institutions have $9.15B invested in Agree Realty in 2025 Q2 according to their latest regulatory filings, with 62 funds opening new positions, 213 increasing their positions, 143 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

184% more call options, than puts

Call options by funds: $21.2M | Put options by funds: $7.47M

49% more repeat investments, than reductions

Existing positions increased: 213 | Existing positions reduced: 143

17% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 53

1% more funds holding

Funds holding: 466471 (+5)

0.82% more ownership

Funds ownership: 112.88%113.7% (+0.82%)

2% less capital invested

Capital invested by funds: $9.36B → $9.15B (-$209M)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
471
Holders Change
+5
Holders Change %
+1.07%
% of All Funds
6.2%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
62
Increased
213
Reduced
143
Closed
53
Calls
$21.2M
Puts
$7.47M
Net Calls
+$13.8M
Net Calls Change
-$2.59M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.12B +$30.3M +403,048 +3%
BlackRock
2
BlackRock
New York
$1.12B +$171M +2,275,716 +18%
Cohen & Steers
3
Cohen & Steers
New York
$905M +$190M +2,523,859 +26%
State Street
4
State Street
Massachusetts
$423M +$28.7M +381,438 +7%
Deutsche Bank
5
Deutsche Bank
Germany
$217M +$32.8M +436,635 +17%
CIM
6
Centersquare Investment Management
Pennsylvania
$208M +$31M +413,000 +17%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$205M +$12.8M +170,827 +7%
Principal Financial Group
8
Principal Financial Group
Iowa
$183M -$12.5M -166,073 -6%
Daiwa Securities Group
9
Daiwa Securities Group
Japan
$171M -$900K -11,972 -0.5%
Two Sigma Advisers
10
Two Sigma Advisers
New York
$156M +$4.55M +60,500 +3%
Macquarie Group
11
Macquarie Group
Australia
$139M -$1.93M -25,736 -1%
Two Sigma Investments
12
Two Sigma Investments
New York
$132M +$23.3M +310,150 +21%
Prudential Financial
13
Prudential Financial
New Jersey
$132M -$5.16M -68,694 -4%
Charles Schwab
14
Charles Schwab
California
$130M +$6.41M +85,323 +5%
N
15
Nuveen
North Carolina
$124M +$58.7M +781,272 +86%
Northern Trust
16
Northern Trust
Illinois
$119M +$6.08M +80,924 +5%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$118M +$2.49M +33,102 +2%
Morgan Stanley
18
Morgan Stanley
New York
$105M -$22.3M -296,961 -17%
Invesco
19
Invesco
Georgia
$104M -$18M -239,162 -14%
Raymond James Financial
20
Raymond James Financial
Florida
$96.6M -$10.4M -137,978 -9%
Janus Henderson Group
21
Janus Henderson Group
United Kingdom
$95.3M +$38M +505,251 +63%
Russell Investments Group
22
Russell Investments Group
United Kingdom
$92.6M -$695K -9,239 -0.7%
Balyasny Asset Management
23
Balyasny Asset Management
Illinois
$90.3M +$3.04M +40,392 +3%
JP Morgan Chase
24
JP Morgan Chase
New York
$89M -$84.2M -1,120,682 -48%
FCM
25
Frontier Capital Management
Massachusetts
$75.8M -$512K -6,808 -0.7%

ADC Hedge Fund Activity: Q2 2025 in Review

471 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Agree Realty (ADC) for Q2 2025, worth a combined $9.15B — down 2.2% from $9.36B a quarter earlier.

Buyers outnumbered sellers: 62 funds opened new ADC positions and 53 closed out — a net gain of 9 holders — while 213 added to existing stakes and 143 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $190M. The largest seller was JP Morgan Chase, cutting an estimated $84.2M.

  • 471 institutional investors held Agree Realty (ADC) as of Q2 2025, up from 466 in Q1 2025.
  • Funds reported $9.15B of Agree Realty stock for Q2 2025, down 2.2% quarter-over-quarter.
  • 62 funds opened new Agree Realty positions in Q2 2025 and 53 closed out, a net change of +9 holders.
  • The largest Agree Realty buyer in Q2 2025 was Cohen & Steers, an estimated $190M added.
  • The largest Agree Realty seller in Q2 2025 was JP Morgan Chase, an estimated $84.2M sold.

Based on aggregated 13F filings for Q2 2025.