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ADC in the 13F filings

Agree Realty Corp · CUSIP 008492100

Sector · Real estateTheme · Real estate investment trusts
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
12,223,170
combined, among listed positions
Reported value
$880m
combined, at the quarter end

Among the 92 comparable managers: 13 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,303,274.

Managers listing ADC in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

27 of 27 holders

ActionFiling
Two Sigma Advisers LP2,258,287$163m0.32%Added+92,40017 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,690,448$122m0.17%Trimmed-34,96517 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,433,553$103munder 0.1%Added+170,84217 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd1,252,677$90munder 0.1%Trimmed-133,62817 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC991,678$71munder 0.1%Trimmed-652,07317 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP635,736$46m0.33%Added+343,24017 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC633,227$46m0.06%Trimmed-994,65617 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC624,943$45m0.16%Added+29,59717 Feb 2026 (the filing on sec.gov)
Invesco Ltd468,934$34munder 0.1%Added+46,49219 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP387,093$28m0.06%Newnew17 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC335,483$24munder 0.1%Trimmed-2,09527 Oct 2026 (the filing on sec.gov)
AQR Capital Management LLC325,082$23munder 0.1%Trimmed-24,71217 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP176,734$13munder 0.1%Added+24,23717 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.151,241$11munder 0.1%Trimmed-98,10117 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP149,183$11munder 0.1%Added+133,75817 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp123,035$8.9munder 0.1%Trimmed-321,86717 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC117,368$8.5munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP116,417$8.4m0.28%Trimmed-29,95010 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc90,599$6.5munder 0.1%Trimmed-181,04717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP60,204$4.3munder 0.1%Trimmed-2,35117 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC50,900$3.7munder 0.1%Trimmed-49213 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP43,060$3.1m0.06%Added+11,64613 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC33,135$2.4munder 0.1%Trimmed-6,83713 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)28,196$2.0munder 0.1%Added+2,79317 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP23,059$1.7munder 0.1%Trimmed-25,87317 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (3)

Exited (2)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
10 in Q3 2024 to 12 in Q2 2026

Tracked managers listing it, at least.

0510152015201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ADC by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20151$6.3mn.a.n.a.
Q2 20151$5.3mn.a.n.a.
Q3 20151$4.4mn.a.n.a.
Q2 20171$789kn.a.n.a.
Q1 20181$2.1mn.a.n.a.
Q2 20181$1.3mn.a.n.a.
Q3 20183$13mn.a.n.a.
Q4 20181$961kn.a.n.a.
Q1 20192$151mn.a.n.a.
Q2 20195$197mn.a.n.a.
Q3 20192$210mn.a.n.a.
Q4 20196$244mn.a.n.a.
Q1 20207$383mn.a.n.a.
Q2 20202$141mn.a.n.a.
Q3 20201$14mn.a.n.a.
Q4 20202$24mn.a.n.a.
Q1 20211$20mn.a.n.a.
Q2 20214$47mn.a.n.a.
Q3 20214$61mn.a.n.a.
Q4 20212$102mn.a.n.a.
Q1 20223$14mn.a.n.a.
Q2 20226$118mn.a.n.a.
Q3 202214$378mn.a.n.a.
Q4 202211$378mn.a.n.a.
Q1 202310$298mn.a.n.a.
Q2 202312$287mn.a.n.a.
Q3 202310$225mn.a.n.a.
Q4 20236$150m35
Q1 20249$200m81
Q2 20249$228m54
Q3 202410$330m73
Q4 202414$450m103
Q1 202513$557m87
Q2 202510$606m74
Q3 202512$695m75
Q4 202511$662m1316
Q1 20269$587m1611
Q2 202612$717m1414

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

ADC and WELL →ADC and EQIX →ADC and PLD →Choose a stock to compare with ADC →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own ADC, latest filings →Back to the 13F Explorer →