DaveManuel.com · Institutional Ownership · Who Owns It
AGREE RLTY CORP (ADC)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
504
Reporting holders
$10.8B
Reported value
114.6%
Of shares outstanding
0.3%
Calls
0.2%
Puts
-3
Holder change
Institutions report 142,565,939 shares against 124,379,310 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. Over 100% because an adviser and a sub-adviser can both report the same shares, and both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $1.4B | 19,112,107 | 0.02% | 8q | +6.8%+$92.6M |
| COHEN & STEERS, INC. | $1.2B | 16,403,414 | 1.96% | 31q | -8.2%-$110.7M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $802.0M | 10,588,511 | 0.04% | 2q | +3.2%+$24.9M |
| STATE STREET CORP | $445.3M | 5,858,959 | 0.01% | 31q | -1.8%-$8.2M |
| VANGUARD CAPITAL MANAGEMENT LLC | $409.4M | 5,405,144 | 0.01% | 2q | +1.1%+$4.4M |
| PRINCIPAL FINANCIAL GROUP INC | $353.1M | 4,662,379 | 0.17% | 31q | +3.0%+$10.3M |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $282.6M | 3,730,917 | 2.41% | 31q | +8.8%+$22.8M |
| TWO SIGMA INVESTMENTS, LP | $267.7M | 3,535,058 | 0.19% | 29q | -12.5%-$38.4M |
| Daiwa Securities Group Inc. | $221.3M | 2,921,805 | 0.43% | 31q | -1.3%-$3.0M |
| GEODE CAPITAL MANAGEMENT, LLC | $210.7M | 2,781,222 | 0.01% | 31q | +3.1%+$6.2M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $166.4M | 2,196,532 | 0.02% | 31q | +4.1%+$6.6M |
| Zimmer Partners, LP | $139.6M | 1,843,300 | 3.21% | 2q | -44.1%-$110.1M |
| DIMENSIONAL FUND ADVISORS LP | $135.9M | 1,794,541 | 0.02% | 31q | +1.3%+$1.8M |
| PRUDENTIAL FINANCIAL INC | $135.4M | 1,787,283 | 0.15% | 31q | -6.3%-$9.1M |
| BANK OF AMERICA CORP /DE/ | $130.9M | 1,728,560 | 0.01% | 31q | +13.2%+$15.3M |
| MILLENNIUM MANAGEMENT LLC | $119.9M | 1,582,623 | 0.04% | 14q | +44.1%+$36.7M |
| NORGES BANK | $117.5M | 1,551,258 | 0.01% | 30q | -3.8%-$4.6M |
| MORGAN STANLEY | $115.5M | 1,525,277 | 0.01% | 35q | +15.6%+$15.6M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $115.0M | 1,518,183 | 0.17% | 3q | +8.7%+$9.2M |
| RAYMOND JAMES FINANCIAL INC | $108.2M | 1,428,749 | 0.03% | 7q | HELD |
| DEUTSCHE BANK AG\ | $104.7M | 1,382,985 | 0.03% | 34q | +3.5%+$3.5M |
| NORTHERN TRUST CORP | $102.7M | 1,356,029 | 0.01% | 31q | +17.8%+$15.5M |
| GOLDMAN SACHS GROUP INC | $97.3M incl. $4.1M options CALL+PUT | 1,230,891 | 0.01% | 31q | +5.2%+$4.8M |
| CANADA PENSION PLAN INVESTMENT BOARD | $92.5M | 1,221,720 | 0.05% | new | NEW |
| Jupiter Topco LLC | $92.1M | 1,216,172 | 0.04% | new | FIRST |
| Nuveen, LLC | $88.2M | 1,164,511 | 0.02% | 6q | +176.5%+$56.3M |
| JPMORGAN CHASE & CO | $86.4M | 1,117,272 | 0.00% | 31q | -59.6%-$127.5M |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $83.4M | 1,100,957 | 0.79% | 9q | +9.0%+$6.9M |
| SEI INVESTMENTS CO | $75.8M | 1,001,224 | 0.07% | 31q | -4.8%-$3.8M |
| CITADEL ADVISORS LLC | $73.3M incl. $18.5M options CALL+PUT | 724,630 | 0.01% | 31q | -8.4%-$6.7M |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $71.4M | 943,005 | 0.67% | 21q | -14.4%-$12.0M |
| Sumitomo Mitsui Trust Group, Inc. | $71.3M | 940,816 | 0.04% | 31q | +20.4%+$12.1M |
| Russell Investments Group, Ltd. | $69.7M | 920,097 | 0.06% | 31q | +1.9%+$1.3M |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | $69.3M | 915,004 | 2.47% | 31q | +27.1%+$14.8M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $69.3M | 915,000 | 0.10% | 2q | +833.7%+$61.9M |
| Bank of New York Mellon Corp | $68.8M | 908,817 | 0.01% | 31q | -1.8%-$1.3M |
| RUSH ISLAND MANAGEMENT, LP | $66.2M | 873,829 | 4.39% | 2q | +29.0%+$14.9M |
| CINCINNATI INSURANCE CO | $59.8M | 789,500 | 0.86% | 17q | HELD |
| Holocene Advisors, LP | $59.8M | 789,487 | 0.13% | 3q | HELD |
| Bahl & Gaynor LLC | $59.4M | 784,265 | 0.27% | 24q | +24.0%+$11.5M |
| VANGUARD FIDUCIARY TRUST CO | $57.6M | 760,519 | 0.01% | 2q | +2.4%+$1.4M |
| Qube Research & Technologies Ltd | $56.3M | 742,961 | 0.05% | 5q | +114.9%+$30.1M |
| TUDOR INVESTMENT CORP ET AL | $55.0M | 726,478 | 0.08% | 8q | +137.8%+$31.9M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $54.5M | 719,613 | 0.01% | 14q | +1.7%+$901.5K |
| Legal & General Group Plc | $52.0M | 687,184 | 0.01% | 31q | +4.6%+$2.3M |
| Thrivent Financial for Lutherans | $51.1M | 674,209 | 0.09% | 31q | HELD |
| AMERICAN CENTURY COMPANIES INC | $48.6M | 641,393 | 0.02% | 17q | -11.9%-$6.5M |
| D. E. Shaw & Co., Inc. | $48.0M | 633,290 | 0.02% | 20q | +85.5%+$22.1M |
| UBS Group AG | $45.7M incl. $6.8M options CALL | 513,514 | 0.01% | 31q | +5.3%+$2.3M |
| HRT FINANCIAL LP | $44.4M | 585,566 | 0.08% | 10q | +12.4%+$4.9M |
| Heitman Real Estate Securities LLC | $43.8M | 578,024 | 2.81% | 18q | +260.3%+$31.6M |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $41.7M | 550,706 | 0.18% | 8q | -27.6%-$15.9M |
| Jefferies Financial Group Inc. | $39.7M | 523,700 | 0.26% | new | NEW |
| GW&K Investment Management, LLC | $39.6M | 522,247 | 0.31% | 31q | -6.1%-$2.6M |
| Invesco Ltd. | $35.6M | 469,887 | 0.00% | 31q | -2.1%-$760.6K |
| Balyasny Asset Management L.P. | $34.0M | 448,806 | 0.04% | 8q | +111.2%+$17.9M |
| Adelante Capital Management LLC | $32.6M | 430,209 | 2.14% | 7q | -2.3%-$755.3K |
| Alyeska Investment Group, L.P. | $30.9M | 408,571 | 0.08% | 13q | -32.8%-$15.1M |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $30.8M | 406,608 | 0.15% | 31q | +4.1%+$1.2M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $30.0M | 396,588 | 0.05% | 6q | -11.1%-$3.7M |
| Leeward Investments, LLC - MA | $28.8M | 380,191 | 1.31% | 9q | -3.3%-$975.7K |
| BNP PARIBAS FINANCIAL MARKETS | $28.6M | 377,182 | 0.01% | 31q | +70.0%+$11.8M |
| WELLS FARGO & COMPANY/MN | $28.0M | 369,853 | 0.00% | 31q | HELD |
| ENVESTNET ASSET MANAGEMENT INC | $27.8M | 367,137 | 0.01% | 31q | +4.0%+$1.1M |
| Lighthouse Investment Partners, LLC | $27.0M | 356,896 | 0.74% | 9q | +48.7%+$8.8M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $25.9M | 337,411 | 0.02% | 6q | +2840.7%+$25.0M |
| RHUMBLINE ADVISERS | $25.8M | 340,610 | 0.02% | 31q | HELD |
| Sophron Capital Management L.P. | $25.1M | 331,087 | 7.77% | 7q | +32.0%+$6.1M |
| AMERIPRISE FINANCIAL INC | $24.8M | 356,124 | 0.01% | 31q | +33.7%+$6.3M |
| Apollo Management Holdings, L.P. | $23.9M | 315,810 | 0.27% | 3q | HELD |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | $23.2M | 305,877 | 0.46% | 10q | -4.3%-$1.0M |
| APG Asset Management US Inc. | $23.1M | 302,617 | 0.16% | 7q | HELD |
| State of New Jersey Common Pension Fund D | $22.8M | 301,132 | 0.08% | 31q | HELD |
| HSBC HOLDINGS PLC | $22.1M | 291,466 | 0.01% | 31q | -20.2%-$5.6M |
| LOOMIS SAYLES & CO L P | $21.2M | 280,431 | 0.03% | 28q | -9.1%-$2.1M |
| CITIGROUP INC | $21.2M | 280,125 | 0.01% | 31q | +13.5%+$2.5M |
| Gotham Asset Management, LLC | $20.8M | 274,961 | 0.05% | 6q | -27.5%-$7.9M |
| NEUBERGER BERMAN GROUP LLC | $20.6M | 271,434 | 0.01% | 18q | -14.1%-$3.4M |
| CANADA LIFE ASSURANCE Co | $20.2M | 266,508 | 0.03% | 29q | +2.3%+$450.3K |
| AQR CAPITAL MANAGEMENT LLC | $20.1M | 264,993 | 0.01% | 31q | -1.5%-$309.9K |
| Impax Asset Management Group plc | $19.7M | 260,000 | 0.13% | 11q | HELD |
| Point72 Asset Management, L.P. | $19.7M | 259,797 | 0.02% | 6q | +22.6%+$3.6M |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $19.7M | 259,479 | 0.06% | 7q | +7.1%+$1.3M |
| Creative Planning | $18.6M | 244,958 | 0.01% | 31q | +15.6%+$2.5M |
| Swiss National Bank | $18.3M | 240,982 | 0.01% | 31q | +6.0%+$1.0M |
| California Public Employees Retirement System | $17.6M | 231,736 | 0.01% | 31q | -16.2%-$3.4M |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $15.9M | 209,954 | 0.05% | 14q | -4.1%-$684.6K |
| Vision Capital Corp | $15.9M | 209,300 | 5.13% | new | NEW |
| BARCLAYS PLC | $15.7M | 206,708 | 0.00% | 31q | -26.2%-$5.6M |
| Asset Management One Co., Ltd. | $15.3M | 201,377 | 0.04% | 31q | +3.4%+$499.9K |
| NOMURA ASSET MANAGEMENT CO LTD | $14.7M | 194,660 | 0.03% | 31q | +5.2%+$732.4K |
| Susquehanna Portfolio Strategies, LLC | $14.6M | 192,537 | 0.23% | 5q | +32.9%+$3.6M |
| WELLINGTON MANAGEMENT GROUP LLP | $14.0M | 184,545 | 0.00% | 11q | +159.8%+$8.6M |
| Schonfeld Strategic Advisors LLC | $14.0M | 184,221 | 0.05% | 3q | -54.7%-$16.9M |
| STATE OF WISCONSIN INVESTMENT BOARD | $13.6M | 179,752 | 0.03% | 27q | -2.4%-$328.6K |
| ROYAL BANK OF CANADA | $12.8M | 168,872 | 0.00% | 31q | +40.8%+$3.7M |
| ALLIANCEBERNSTEIN L.P. | $12.5M | 165,623 | 0.00% | 31q | -18.0%-$2.7M |
| EXCHANGE TRADED CONCEPTS, LLC | $12.5M | 164,789 | 0.06% | 27q | +20.7%+$2.1M |
| Freestone Grove Partners LP | $12.2M | 161,303 | 0.08% | new | NEW |
| Aristotle Capital Boston, LLC | $12.0M | 158,400 | 0.80% | 6q | -17.2%-$2.5M |
Five percent filings
Anyone crossing 5% of a company must say so within days - far sooner than the next quarterly holdings report. A 13D declares an intent to influence the company; a 13G is the passive version. See all activist filings →
| Filed | Form | Filer | % of class |
|---|---|---|---|
| 2026-10-27 | 13G | BlackRock Portfolio Management LLC | 5.4% |
What the company announced
Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.
| Filed | Event date | What | Source |
|---|---|---|---|
| 2026-09-22 | 2026-09-17 | Material agreement entered | filing |
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-15 | RAKOLTA JOHN JR | Director | Bought | 20,000 | $1.5M |
| 2026-08-27 | RAKOLTA JOHN JR | Director | Bought | 20,000 | $1.5M |
| 2026-09-16 | RAKOLTA JOHN JR | Director | Bought | 20,000 | $1.4M |
| 2026-05-14 | Agree Joey | PRESIDENT & CEO | Bought | 13,295 | $1.0M |
| 2026-08-31 | RAKOLTA JOHN JR | Director | Bought | 10,000 | $724.2K |
| 2026-09-16 | Agree Joey | PRESIDENT & CEO | Bought | 7,360 | $500.9K |
| 2026-06-04 | AGREE RICHARD | EXECUTIVE CHAIRMAN OF BOARD | Bought | 5,000 | $357.1K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 121 | $408.9M | 6,121,327 | 14 | 37 | 32 | 0.0% |
| Q2 2026 | 504 | $10.8B | 142,565,939 | 43 | 195 | 152 | 0.4% |
| Q1 2026 | 507 | $10.5B | 139,545,458 | 57 | 200 | 144 | 0.2% |
| Q4 2025 | 495 | $9.4B | 129,817,313 | 44 | 186 | 161 | 0.1% |
| Q3 2025 | 484 | $9.1B | 128,291,673 | 55 | 189 | 142 | 0.3% |
| Q2 2025 | 475 | $9.2B | 125,337,432 | 58 | 211 | 133 | 0.3% |
| Q1 2025 | 475 | $9.4B | 121,444,931 | 59 | 192 | 130 | 0.3% |
| Q4 2024 | 454 | $8.3B | 117,747,842 | 44 | 177 | 124 | 0.1% |
| Q3 2024 | 433 | $8.7B | 115,209,244 | 59 | 154 | 146 | 0.2% |
| Q2 2024 | 412 | $6.6B | 106,904,922 | 54 | 147 | 135 | 0.3% |
| Q1 2024 | 398 | $6.0B | 104,885,801 | 57 | 159 | 118 | 0.4% |
| Q4 2023 | 369 | $6.7B | 106,424,504 | 39 | 152 | 111 | 0.2% |
| Q3 2023 | 371 | $5.3B | 95,397,367 | 36 | 144 | 111 | 0.2% |
| Q2 2023 | 375 | $6.2B | 95,127,399 | 53 | 131 | 131 | 0.1% |
| Q1 2023 | 361 | $6.7B | 97,865,016 | 46 | 130 | 126 | 0.1% |
| Q4 2022 | 360 | $7.0B | 98,723,576 | 39 | 138 | 115 | 0.1% |
| Q3 2022 | 345 | $17.7B | 261,179,362 | 52 | 161 | 75 | 0.0% |
| Q2 2022 | 332 | $26.1B | 361,634,023 | 50 | 142 | 83 | 0.0% |
| Q1 2022 | 314 | $6.5B | 97,699,178 | 35 | 133 | 89 | 0.1% |
| Q4 2021 | 319 | $8.0B | 111,817,125 | 44 | 121 | 100 | 0.1% |
| Q3 2021 | 315 | $7.1B | 107,209,426 | 47 | 114 | 87 | 0.1% |
| Q2 2021 | 308 | $8.1B | 114,804,586 | 50 | 130 | 72 | 0.1% |
| Q1 2021 | 294 | $7.2B | 107,079,125 | 49 | 131 | 77 | 0.3% |
| Q4 2020 | 275 | $6.5B | 97,440,334 | 30 | 113 | 88 | 0.0% |
| Q3 2020 | 270 | $16.7B | 262,802,090 | 31 | 100 | 89 | 0.0% |
| Q2 2020 | 268 | $15.2B | 230,707,009 | 39 | 119 | 75 | 0.0% |
| Q1 2020 | 273 | $9.7B | 156,272,628 | 45 | 103 | 80 | 0.0% |
| Q4 2019 | 273 | $18.4B | 261,955,768 | 40 | 101 | 75 | 0.0% |
| Q3 2019 | 243 | $9.5B | 129,580,184 | 28 | 95 | 68 | 0.0% |
| Q2 2019 | 247 | $11.4B | 178,549,603 | 37 | 112 | 57 | 0.0% |
| Q1 2019 | 240 | $9.3B | 133,943,294 | 28 | 86 | 74 | 0.0% |
| Q4 2018 | 243 | $11.0B | 186,716,072 | 7 | 5 | 4 | 0.0% |