Agree Realty

ADC • NYSE

Agree Realty is a reit - retail company in the real estate sector on NYSE, led by Joey Agree, with a market cap of $8.5B. As of Q3 2025, 114% of shares are held by 468 institutional investors, with BlackRock, Inc. as the largest holder at 14.51%.

Chief Executive Officer and PresidentJoey Agree

Market Cap$8.5B

REIT - Retail

Real Estate

Employees72.0

Websiteagreerealty.com

Country

United States of America

Overview

Overview of institutional ownership in ADC as of Q3 2025 with a market cap of $7.9B

All Institutions

Institutions: 468
Value Held: $9.0B
Shares Held: 126.1M
Avg Position: $19.1M
Median Position: $992.7K

Hedge Funds

Hedge Funds: 40
Value Held: $888.7M
Shares Held: 12.5M
Avg Position: $22.2M
Median Position: $2.8M

Ownership Breakdown

Institutional (non-HF)

102.68%

$8.1B

Hedge Funds

11.3%

$888.7M

Retail & Other

Based on market cap of $7.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ADC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.1B 0.02% of portfolio	14.51% 16.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.1B 0.02% of portfolio	14.14% 15.6M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
COHEN & STEERS INC Institution	Joseph M. Harvey CEO	$955.2M 1.75% of portfolio	12.15% 13.4M shares	Q2 2016 Held for 9y 5m	$54.7B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$413.0M 0.01% of portfolio	5.23% 5.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
CENTERSQUARE INVESTMENT MANAGEMENT LLC Real Assets	Eric Todd Briddell CEO	$205.7M 2.07% of portfolio	2.62% 2.9M shares	Q4 2018 Held for 6y 11m	$10.0B
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	Kevin G. Burke CEO	$184.4M 0.06% of portfolio	2.35% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$298.06B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$170.0M 0.01% of portfolio	2.16% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
PRINCIPAL FINANCIAL GROUP INC Institution	Deanna Strable CEO	$168.7M 0.09% of portfolio	2.15% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$197.71B
D Daiwa Securities Group Inc. Institution	-	$167.8M 0.59% of portfolio	2.13% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$28.7B
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	Carter Mayberry Lyons CEO	$153.9M 0.31% of portfolio	1.96% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$50.0B

Net Capital Flow

Institutional buying and selling activity for ADC in Q3 2025

Net Flow: +$109.3M
Buyers: 216
Sellers: 197
Total Bought: +$691.4M
Total Sold: −$582.1M
Avg Position: $18.9M

Biggest Buyers

Institution	Net Bought	Current Position
COHEN & STEERS INC Institution	+$74.9M +1.1M shares	$955.2M 13.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$64.5M +908.6K shares	$116.8M 1.6M shares
JPMORGAN CHASE & CO Institution	+$56.8M +799.2K shares	$143.3M 2.0M shares
B BlackRock, Inc. Institution	+$55.8M +785.9K shares	$1.1B 16.1M shares
DUFF & PHELPS INVESTMENT MANAGEMENT CO Real Assets	+$45.1M +634.5K shares	$59.6M 838.6K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$42.7M +601.7K shares	$50.8M 714.8K shares
LASALLE INVESTMENT MANAGEMENT SECURITIES LP Real Assets	+$30.5M +429.5K shares	$45.1M 635.4K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$27.9M +392.4K shares	$115.6M 1.6M shares
VANGUARD GROUP INC Institution	+$23.4M +329.9K shares	$1.1B 15.6M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$23.3M +327.4K shares	$89.7M 1.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
Invesco Ltd. ETF Provider	−$70.9M −998.3K shares	$30.0M 422.4K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$34.1M −480.1K shares	$4.4M 62.6K shares
CITIGROUP INC Institution	−$32.2M −453.1K shares	$11.6M 163.2K shares
GRS Advisors, LLC Real Assets	−$28.2M −386.4K shares	Sold Off 0 shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	−$26.2M −368.9K shares	$184.4M 2.6M shares
D D. E. Shaw & Co., Inc. Institution	−$23.2M −326.4K shares	$17.7M 249.3K shares
Burkehill Global Management, LP Hedge Fund•Event Driven	−$21.3M −300.0K shares	$17.8M 250.0K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$20.5M −287.8K shares	$170.0M 2.4M shares
H HEITMAN REAL ESTATE SECURITIES LLC Real Assets	−$20.3M −286.4K shares	$5.4M 76.4K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	−$18.3M −250.0K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ADC in Q3 2025

New Positions: 27
New Value: $18.9M
Exited Positions: 48
Exited Value: $97.5M

New Positions

Institution	Position Value
LIBERTY ONE INVESTMENT MANAGEMENT, LLC RIA/Wealth	$11.0M 155.3K shares
Motley Fool Asset Management LLC Institution	$1.9M 27.2K shares
AGP FRANKLIN, LLC RIA/Wealth	$1.4M 19.7K shares
C Colony Group, LLC Institution	$920.2K 4.5K shares
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	$710.5K 10.0K shares
Groupe la Francaise Fund of Funds	$561.6K 7.9K shares
D DRW Securities, LLC Institution	$510.5K 7.2K shares
Gallagher Fiduciary Advisors, LLC Pension/Endowment	$399.5K 5.6K shares
GWN SECURITIES INC. RIA/Wealth	$357.7K 5.0K shares
P Polymer Capital Management LTD Hedge Fund•Multi-Strategy	$306.0K 4.3K shares

Exited Positions

Institution	Previous Position
GRS Advisors, LLC Real Assets	$28.2M 386.4K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	$18.3M 250.0K shares
B BROOKFIELD ASSET MANAGEMENT INC. RIA/Wealth	$7.3M 100.6K shares
A AXA Institution	$6.5M 88.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.4M 46.6K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$3.1M 42.5K shares
D DEPRINCE RACE & ZOLLO INC Long Only Manager	$3.0M 41.6K shares
Green Street Investors, LLC Real Assets	$2.9M 39.5K shares
E Employees Retirement System of Texas Institution	$2.8M 38.4K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$2.2M 29.7K shares

Options Activity

Institutions with the largest Call and Put options positions in ADC as of Q3 2025

Call Positions: 5
Call Value: $17.0M
Put Positions: 4
Put Value: $5.7M

Call Positions

Institution	Position Value
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$6.6M 924.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.2M 869.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.7M 375.0 contracts
P PEAK6 LLC Institution	$1.3M 190.0 contracts
W WOLVERINE TRADING, LLC Institution	$204.5K 29.0 contracts

Put Positions

Institution	Position Value
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.1M 431.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.1M 160.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$902.2K 127.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$603.8K 85.0 contracts

Most Committed Institutions

Institutions with ADC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Sophron Capital Management L.P. Hedge Fund•Long/Short	George Michael Maslovsky CEO	6.98% $22.7M	0.29% 318.9K shares	Q4 2024 Held for 11 months	$324.6M
Timbercreek Asset Management Ltd. Real Assets	Corrado Roberto Russo Managing Partner	3.12% $16.6M	0.21% 233.3K shares	Q4 2024 Held for 11 months	$530.9M
A Adelante Capital Management LLC Real Assets	Michael Anthony Torres CEO	2.10% $31.4M	0.40% 441.6K shares	Q4 2024 Held for 11 months	$1.5B
CENTERSQUARE INVESTMENT MANAGEMENT LLC Real Assets	Eric Todd Briddell CEO	2.07% $205.7M	2.62% 2.9M shares	Q4 2018 Held for 6y 11m	$10.0B
C Community Bank of Raymore RIA/Wealth	Don Lynn Ray Managing Partner	1.95% $2.8M	0.04% 39.7K shares	Q2 2021 Held for 4y 5m	$144.5M
LASALLE INVESTMENT MANAGEMENT SECURITIES LP Real Assets	Matthew Sgrizzi Managing Partner	1.77% $45.1M	0.57% 635.4K shares	Q4 2018 Held for 6y 11m	$2.5B
COHEN & STEERS INC Institution	Joseph M. Harvey CEO	1.75% $955.2M	12.15% 13.4M shares	Q2 2016 Held for 9y 5m	$54.7B
C CSU Producer Resources, Inc. Institution	-	1.68% $568.3K	0.01% 8.0K shares	Q4 2022 Held for 2y 11m	$33.9M
G Greenland Capital Management LP Hedge Fund•Multi-Strategy	Michael J Englander CEO	1.56% $10.0M	0.13% 140.8K shares	Q4 2024 Held for 11 months	$641.9M
Leeward Investments, LLC - MA Long Only Manager	R. Todd Vingers President	1.51% $29.5M	0.37% 414.7K shares	Q2 2024 Held for 1y 5m	$2.0B