Agree RealtyADC
13F holders, Q4 2024 (December 31)451holders +20
44new positions
38sold out
9famous investors
$70.46avg. 13F price*
At the end of Q4 2024, 451 institutions reported holding Agree Realty Corp. (ADC) in their 13F filings, up 20 from Q3 2024. 44 opened new positions and 38 sold out. The largest holders were Vanguard Group Inc. ($1.0B), BlackRock, Inc. ($941.2M) and Cohen & Steers, Inc. ($688.1M). 9 famous investors held it, including George Soros (0.4% of Soros Fund Management's portfolio), Paul Tudor Jones (0.1% of Tudor Investment Corporation's portfolio) and Israel Englander (0.1% of Millennium Management's portfolio).
- Company
- Agree Realty Corp.
- CUSIP
- 008492100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2024 → Q4 2024
| Institutions | Total Value | |
|---|---|---|
| New Positions | 44 | $141.4M |
| Exits | 38 | $60.6M |
All 13F filers, Q3 2024 → Q4 2024: 14,260,497 shares bought and 8,814,541 shares sold, net +5,445,956 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 451 holders
| Vanguard Group Inc. | 0.02% | Add +1.5% | 14,549,952 | $1.0B |
| BlackRock, Inc. | 0.02% | Add +1.4% | 13,360,352 | $941.2M |
| Cohen & Steers, Inc. | 1.30% | Add +43.0% | 9,767,632 | $688.1M |
| State Street Corp. | 0.01% | Add +6.0% | 5,264,022 | $372.2M |
| Long Pond Capital, LP | 11.26% | No change | 3,029,301 | $213.4M |
| Principal Financial Group Inc. | 0.10% | Reduce -34.8% | 2,728,319 | $192.2M |
| Deutsche Bank AG | 0.07% | Reduce -0.1% | 2,522,404 | $177.7M |
| Daiwa Securities Group Inc. | 0.71% | Reduce -5.0% | 2,233,377 | $157.3M |
| Invesco Ltd. | 0.03% | Add +85.6% | 2,212,852 | $155.9M |
| Centersquare Investment Management LLC | 1.63% | Reduce -13.4% | 2,197,319 | $154.8M |
| Geode Capital Management, LLC | 0.01% | Add +2.8% | 2,132,252 | $150.3M |
| Macquarie Group Ltd. | 0.18% | Reduce -8.8% | 2,106,115 | $148.4M |
| JPMorgan Chase & Co. | 0.01% | Reduce -45.6% | 1,984,335 | $139.8M |
| American Century Companies Inc. | 0.08% | Reduce -21.7% | 1,894,047 | $133.4M |
| FMR LLC | 0.01% | Reduce -25.7% | 1,662,947 | $117.2M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +3.6% | 1,645,652 | $115.9M |
| Dimensional Fund Advisors LP | 0.03% | Add +1.5% | 1,550,140 | $109.2M |
| Northern Trust Corp. | 0.02% | Add +89.2% | 1,523,280 | $107.3M |
| Raymond James Financial Inc. | 0.04% | — | 1,439,058 | $101.4M |
| Morgan Stanley | 0.01% | Reduce -22.6% | 1,396,791 | $98.4M |
| Bank of New York Mellon Corp | 0.02% | Add +7.6% | 1,219,512 | $85.9M |
| Millennium Management | 0.07% | Add +1036.9% | 1,171,297 | $82.5M |
| Two Sigma Advisers, LP | 0.19% | Add +62.0% | 1,157,587 | $81.6M |
| Nuveen Asset Management, LLC | 0.02% | Add +53.0% | 1,142,036 | $80.5M |
| Alyeska Investment Group, L.P. | 0.28% | Add +122.4% | 1,070,951 | $75.4M |
| GW&K Investment Management, LLC | 0.63% | Add +0.5% | 1,056,071 | $74.4M |
| Russell Investments Group, Ltd. | 0.10% | Reduce -1.2% | 1,047,485 | $73.8M |
| Frontier Capital Management Co. LLC | 0.69% | Reduce -8.9% | 1,030,205 | $72.6M |
| Thrivent Financial for Lutherans | 0.14% | Reduce -25.2% | 1,012,468 | $71.3M |
| Prudential Financial Inc. | 0.09% | Reduce -25.6% | 940,539 | $66.3M |
| Two Sigma Investments, LP | 0.16% | Add +16.8% | 928,033 | $65.4M |
| Janus Henderson Group PLC | 0.03% | Add +0.1% | 804,449 | $56.7M |
| Cincinnati Insurance Co. | 0.98% | No change | 789,500 | $55.6M |
| Voloridge Investment Management, LLC | 0.19% | Add +55.1% | 775,106 | $54.6M |
| Heitman Real Estate Securities LLC | 3.36% | Reduce -1.4% | 739,661 | $52.1M |
| Resolution Capital Ltd | 0.91% | Add +67.7% | 714,815 | $50.4M |
| Citigroup Inc. | 0.05% | Add +105.2% | 713,045 | $50.2M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | Add +524.1% | 707,421 | $49.8M |
| Norges Bank | 0.01% | Add +9.5% | 693,570 | $48.9M |
| William Blair Investment Management, LLC | 0.12% | Add +0.0% | 691,517 | $48.7M |
| Allspring Global Investments Holdings, LLC | 0.08% | Reduce -3.1% | 698,344 | $48.7M |
| Legal & General Group Plc | 0.01% | Reduce -3.6% | 662,520 | $46.7M |
| Wellington Management Group LLP | 0.01% | Add +664.6% | 590,845 | $41.6M |
| Deprince Race & Zollo Inc. | 0.76% | Reduce -35.3% | 540,940 | $38.1M |
| Bank of America Corp. | 0.00% | Add +9.3% | 525,232 | $37.0M |
| GRS Advisors, LLC | 3.54% | New | 509,719 | $35.9M |
| California Public Employees Retirement System | 0.02% | Add +3.3% | 483,836 | $34.1M |
| Leeward Investments, LLC - MA | 1.66% | Reduce -5.5% | 473,384 | $33.3M |
| Bahl & Gaynor LLC | 0.18% | Add +12.2% | 471,020 | $33.2M |
| ExodusPoint Capital Management, LP | 0.34% | Reduce -9.7% | 462,446 | $32.6M |
| Sei Investments Co. | 0.04% | Add +91.3% | 454,253 | $32.0M |
| T. Rowe Price Associates Inc. | 0.00% | Add +3.0% | 427,968 | $30.2M |
| T. Rowe Price Investment Management, Inc. | 0.02% | Reduce -11.4% | 419,901 | $29.6M |
| CBRE Investment Management Listed Real Assets LLC | 0.52% | Reduce -2.3% | 413,270 | $29.1M |
| D. E. Shaw & Co. | 0.03% | Add +78.4% | 412,928 | $29.1M |
| Sumitomo Mitsui Trust Group, Inc. | 0.02% | Add +6.6% | 362,723 | $25.6M |
| Hudson Bay Capital Management LP | 0.18% | Add +170.7% | 362,349 | $25.5M |
| APG Asset Management US Inc. | 0.19% | New | 360,343 | $25.4M |
| Wells Fargo & Company | 0.01% | Reduce -0.1% | 344,406 | $24.3M |
| Brookfield Corp | 0.15% | Reduce -6.0% | 343,013 | $24.2M |
| Hazelview Securities Inc. | 4.30% | — | 334,949 | $23.6M |
| Systematic Financial Management LP | 0.59% | Add +4.5% | 327,760 | $23.1M |
| Loomis Sayles & Co. L P | 0.03% | Add +1.6% | 323,852 | $22.8M |
| Rhumbline Advisers | 0.02% | Add +2.7% | 318,379 | $22.4M |
| Envestnet Asset Management Inc. | 0.01% | Add +3.6% | 301,751 | $21.3M |
| State of New Jersey Common Pension Fund D | 0.09% | No change | 299,246 | $21.1M |
| AQR Capital Management | 0.03% | Reduce -32.8% | 279,930 | $19.7M |
| Royal Bank of Canada | 0.00% | Reduce -5.0% | 272,009 | $19.2M |
| Citadel Advisors | 0.02% | Add +129.8% | 267,423 | $18.8M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -6.0% | 265,667 | $18.7M |
| Marshall Wace, LLP | 0.02% | Add +30.2% | 261,974 | $18.5M |
| Waterfront Capital Partners, LLC | 3.34% | Reduce -10.5% | 253,466 | $17.9M |
| Fort Washington Investment Advisors Inc. | 0.11% | Reduce -23.9% | 251,287 | $17.7M |
| Public Employees Retirement System of Ohio | 0.05% | New | 216,145 | $15.2M |
| Soros Fund Management | 0.38% | New | 215,000 | $15.1M |
| Lighthouse Investment Partners, LLC | 0.57% | Add +5.0% | 210,000 | $14.8M |
| New York State Common Retirement Fund | 0.02% | Reduce -40.6% | 209,905 | $14.8M |
| Lasalle Investment Management Securities LLC | 0.62% | Add +9.5% | 208,820 | $14.7M |
| Asset Management One Co., Ltd. | 0.05% | Add +0.3% | 201,602 | $14.2M |
| STRS Ohio | 0.06% | Reduce -12.7% | 201,170 | $14.2M |
| CANADA LIFE ASSURANCE Co | 0.02% | Add +4.5% | 199,658 | $14.1M |
| Swiss National Bank | 0.01% | Add +0.8% | 197,982 | $13.9M |
| Sophron Capital Management L.P. | 5.29% | — | 190,100 | $13.4M |
| Tudor Investment Corporation | 0.14% | Reduce -28.9% | 188,075 | $13.2M |
| State of Wisconsin Investment Board | 0.03% | Add +4.4% | 187,491 | $13.2M |
| Balyasny Asset Management L.P. | 0.03% | Add +21.2% | 182,728 | $12.9M |
| Tributary Capital Management, LLC | 0.98% | Reduce -43.1% | 178,873 | $12.6M |
| Verition Fund Management LLC | 0.07% | Add +214.1% | 178,335 | $12.6M |
| PGGM Investments | 0.15% | No change | 164,648 | $11.6M |
| Alliancebernstein L.P. | 0.00% | Reduce -0.5% | 151,735 | $10.7M |
| Ceredex Value Advisors LLC | 0.20% | Reduce -11.4% | 143,982 | $10.1M |
| Ameriprise Financial Inc. | 0.00% | Reduce -6.3% | 142,128 | $10.0M |
| Uniplan Investment Counsel, Inc. | 0.94% | Reduce -2.1% | 139,337 | $9.8M |
| Nomura Asset Management Co. Ltd. | 0.03% | Add +4.1% | 138,370 | $9.7M |
| UBS Group AG | 0.00% | Add +14.6% | 137,905 | $9.7M |
| Retirement Systems of Alabama | 0.03% | Add +3.0% | 125,603 | $8.8M |
| Barclays PLC | 0.00% | Reduce -48.4% | 123,728 | $8.7M |
| Easterly Investment Partners LLC | 0.65% | New | 117,540 | $8.3M |
| Fisher Asset Management | 0.00% | Add +0.0% | 117,065 | $8.2M |
| Corebridge Financial, Inc. | 0.04% | Reduce -1.5% | 116,912 | $8.2M |
| Impax Asset Management Group plc | 0.04% | No change | 115,000 | $8.1M |
| New York State Teachers Retirement System | 0.02% | Add +0.2% | 112,576 | $7.9M |
| Phocas Financial Corp. | 0.99% | Reduce -0.7% | 104,955 | $7.4M |
| Burkehill Global Management, LP | 0.67% | — | 100,000 | $7.0M |
| Atom Investors LP | 0.86% | Add +318.1% | 98,234 | $6.9M |
| California State Teachers Retirement System | 0.01% | Reduce -0.6% | 94,592 | $6.7M |
| Ibex Wealth Advisors | 0.78% | New | 93,477 | $6.6M |
| First Trust Advisors LP | 0.01% | Add +77.0% | 93,257 | $6.6M |
| Natixis Advisors, LLC | 0.01% | Reduce -13.0% | 92,078 | $6.5M |
| Baron Capital (BAMCO) | 0.02% | Reduce -4.4% | 90,840 | $6.4M |
| Manufacturers Life Insurance Company, The | 0.01% | Reduce -4.5% | 88,921 | $6.3M |
| Boothbay Fund Management, LLC | 0.19% | New | 86,188 | $6.1M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.02% | Add +41.4% | 80,573 | $5.7M |
| Quantbot Technologies LP | 0.21% | Reduce -16.9% | 80,097 | $5.6M |
| HSBC Holdings PLC | 0.00% | Add +24.7% | 79,923 | $5.6M |
| Jump Financial, LLC | 0.12% | Add +42.0% | 79,777 | $5.6M |
| Creative Planning | 0.01% | Add +23.2% | 75,508 | $5.3M |
| Gillson Capital LP | 0.46% | New | 72,600 | $5.1M |
| Employees Retirement System of Texas | 0.05% | Add +177.9% | 71,000 | $5.0M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Add +5.6% | 68,023 | $4.8M |
| Franklin Resources Inc. | 0.00% | Add +0.8% | 66,674 | $4.7M |
| New Age Alpha Advisors, LLC | 0.19% | New | 66,352 | $4.7M |
| Aptus Capital Advisors, LLC | 0.05% | Add +22.3% | 64,001 | $4.5M |
| OVERSEA-CHINESE BANKING Corp Ltd | 0.13% | Reduce -6.4% | 63,420 | $4.5M |
| Lazard Asset Management LLC | 0.01% | Reduce -22.9% | 63,361 | $4.5M |
| State of Alaska, Department of Revenue | 0.05% | Add +7.5% | 63,324 | $4.5M |
| DekaBank Deutsche Girozentrale | 0.01% | No change | 63,542 | $4.4M |
| MetLife Investment Management, LLC | 0.02% | Add +11.7% | 61,326 | $4.3M |
| Crestline Management, L.P. | 0.14% | Add +251.5% | 57,734 | $4.1M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.03% | Add +45.9% | 57,574 | $4.1M |
| Amundi | 0.00% | Add +4.5% | 57,458 | $4.0M |
| Exchange Traded Concepts, LLC | 0.08% | Add +43.0% | 55,795 | $3.9M |
| Mutual of America Capital Management LLC | 0.04% | Add +0.6% | 54,567 | $3.8M |
| Truist Financial Corp. | 0.01% | Add +0.8% | 51,464 | $3.6M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.01% | Reduce -56.9% | 50,958 | $3.6M |
| Victory Capital Management Inc. | 0.00% | Add +143.7% | 50,453 | $3.6M |
| Squarepoint Ops LLC | 0.01% | Add +140.6% | 49,825 | $3.5M |
| Community Trust & Investment Co. | 0.21% | Add +2.7% | 48,992 | $3.5M |
| Amalgamated Bank | 0.03% | Add +2.4% | 48,972 | $3.5M |
| State of Tennessee, Department of Treasury | 0.01% | Reduce -2.7% | 47,515 | $3.3M |
| AlphaQuest LLC | 0.44% | Reduce -1.7% | 47,353 | $3.3M |
| Treasurer of the State of North Carolina | 0.01% | Add +8.6% | 46,986 | $3.3M |
| BNP Paribas Financial Markets | 0.00% | Reduce -56.8% | 44,821 | $3.2M |
| LMCG Investments, LLC | 0.19% | New | 44,176 | $3.1M |
| Community Bank of Raymore | 2.44% | Add +6.3% | 44,005 | $3.1M |
| KBC Group NV | 0.01% | Add +1670.8% | 43,561 | $3.1M |
| Van Eck Associates Corp. | 0.00% | Add +3.5% | 43,552 | $3.1M |
| Resona Asset Management Co.,Ltd. | 0.02% | Add +5.5% | 41,233 | $2.9M |
| Cerity Partners LLC | 0.01% | Add +6.1% | 38,586 | $2.9M |
| Yousif Capital Management, LLC | 0.03% | Reduce -1.6% | 39,580 | $2.8M |
| LPL Financial LLC | 0.00% | Add +35.2% | 39,342 | $2.8M |
| GSI Capital Advisors LLC | 1.45% | Reduce -0.2% | 38,882 | $2.7M |
| Police & Firemen's Retirement System of New Jersey | 0.03% | — | 38,836 | $2.7M |
| Blue Chip Partners, LLC | 0.23% | Reduce -7.6% | 38,138 | $2.7M |
| State Board of Administration of Florida Retirement System | 0.00% | Reduce -0.6% | 36,599 | $2.6M |
| Renaissance Technologies | 0.00% | New | 36,000 | $2.5M |
| Presima Securities ULC | 0.61% | No change | 35,468 | $2.5M |
| First National Bank of Omaha | 0.16% | Reduce -11.0% | 35,283 | $2.5M |
| Stifel Financial Corp. | 0.00% | Add +2.4% | 35,194 | $2.5M |
| M&T Bank Corp | 0.01% | Add +4.8% | 35,063 | $2.5M |
| Agf Management Ltd. | 0.01% | Reduce -19.7% | 34,090 | $2.4M |
| Nisa Investment Advisors, LLC | 0.01% | Reduce -2.4% | 33,889 | $2.4M |
| Allstate Corp. | 0.07% | New | 33,824 | $2.4M |
| HRT Financial LP | 0.01% | Reduce -71.0% | 33,660 | $2.4M |
| Pictet Asset Management Holding SA | 0.00% | Add +1.1% | 31,800 | $2.2M |
| Ensign Peak Advisors, Inc | 0.00% | No change | 31,788 | $2.2M |
| Freestone Grove Partners LP | 0.03% | — | 31,113 | $2.2M |
| Nicola Wealth Management LTD. | 0.20% | Reduce -4.7% | 21,346 | $2.2M |
| Cibc World Markets Corp. | 0.01% | Add +13.4% | 30,095 | $2.1M |
| UniSuper Management Pty Ltd | 0.02% | Add +7.1% | 30,000 | $2.1M |
| Arizona State Retirement System | 0.01% | Add +0.8% | 29,204 | $2.1M |
| Louisiana State Employees Retirement System | 0.04% | Add +3.2% | 28,700 | $2.0M |
| SG Americas Securities, LLC | 0.01% | Add +64.6% | 28,485 | $2.0M |
| Pinebridge Investments, L.P. | 0.01% | Add +42.7% | 28,259 | $2.0M |
| Dana Investment Advisors, Inc. | 0.07% | Reduce -3.1% | 28,199 | $2.0M |
| Cetera Investment Advisers | 0.00% | Add +11.6% | 27,890 | $2.0M |
| Aberdeen Group plc | 0.00% | Add +33.7% | 27,497 | $1.9M |
| Engineers Gate Manager LP | 0.03% | Add +352.3% | 27,179 | $1.9M |
| Teachers Retirement System of the State of Kentucky | 0.02% | Reduce -5.4% | 27,131 | $1.9M |
| Pathstone Holdings, LLC | 0.01% | Add +3.3% | 26,688 | $1.9M |
| HighTower Advisors, LLC | 0.00% | Add +108.5% | 26,000 | $1.8M |
| Motley Fool Wealth Management, LLC | 0.09% | Reduce -23.2% | 25,997 | $1.8M |
| Vanderbilt University | 0.36% | Add +52.8% | 25,879 | $1.8M |
| KLP Kapitalforvaltning As | 0.01% | — | 25,700 | $1.8M |
| Nomura Holdings Inc. | 0.01% | New | 24,925 | $1.8M |
| IFM Investors Pty Ltd | 0.02% | Add +7.7% | 24,787 | $1.7M |
| Transcend Capital Advisors, LLC | 0.13% | Reduce -0.7% | 24,697 | $1.7M |
| State of Michigan Retirement System | 0.01% | Add +2.9% | 24,500 | $1.7M |
| E. Ohman J:or Asset Management AB | 0.04% | Reduce -12.7% | 23,638 | $1.7M |
| Harvest Portfolios Group Inc. | 0.05% | Reduce -2.9% | 23,062 | $1.6M |
| Brevan Howard Capital Management LP | 0.04% | Add +107.3% | 22,980 | $1.6M |
| Northwestern Mutual Investment Management Company, LLC | 0.04% | Add +3.1% | 22,958 | $1.6M |
| Orion Porfolio Solutions, LLC | 0.02% | Reduce -5.8% | 22,813 | $1.6M |
| Orion Portfolio Solutions, LLC | 0.02% | Reduce -5.8% | 22,813 | $1.6M |
| Redmond Asset Management, LLC | 0.40% | New | 22,459 | $1.6M |
| Savant Capital, LLC | 0.01% | Add +0.6% | 22,304 | $1.6M |
| Prelude Capital Management, LLC | 0.13% | Add +3.4% | 22,196 | $1.6M |
| Landscape Capital Management, L.L.C. | 0.16% | Add +116.0% | 21,858 | $1.5M |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.02% | Reduce -18.1% | 21,419 | $1.5M |
| Handelsbanken Fonder AB | 0.01% | Reduce -27.3% | 21,337 | $1.5M |
| Oregon Public Employees Retirement Fund | 0.03% | Add +2.9% | 21,054 | $1.5M |
| Schonfeld Strategic Advisors LLC | 0.01% | Reduce -85.7% | 20,902 | $1.5M |
| New Mexico Educational Retirement Board | 0.05% | No change | 20,700 | $1.5M |
| Ameritas Investment Partners, Inc. | 0.05% | No change | 20,598 | $1.5M |
| Voya Investment Management LLC | 0.00% | Add +56.2% | 20,130 | $1.4M |
| Moran Wealth Management, LLC | 0.04% | Reduce -0.8% | 19,454 | $1.4M |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +19.6% | 19,168 | $1.4M |
| HTLF Bank | 0.15% | Reduce -21.4% | 19,150 | $1.3M |
| Oppenheimer Asset Management Inc. | 0.02% | Add +24.6% | 19,129 | $1.3M |
| Bank of Montreal | 0.00% | Add +43.0% | 17,986 | $1.3M |
| Foresight Group Ltd Liability Partnership | 0.19% | New | 17,990 | $1.3M |
| Keybank National Association | 0.00% | Reduce -3.2% | 16,762 | $1.2M |
| Pathway Financial Advisers, LLC | 0.40% | Add +2.8% | 16,747 | $1.2M |
| Illinois Municipal Retirement Fund | 0.02% | No change | 16,738 | $1.2M |
| Cincinnati Specialty Underwriters Insurance CO | 0.32% | No change | 16,500 | $1.2M |
| Bridgefront Capital, LLC | 0.39% | Add +70.3% | 16,497 | $1.2M |
| Mariner, LLC | 0.00% | Add +8.3% | 16,350 | $1.2M |
| Pitcairn Co. | 0.07% | Reduce -1.2% | 16,284 | $1.1M |
| Teacher Retirement System of Texas | 0.00% | Add +28.9% | 16,009 | $1.1M |
| Citizens National Bank Trust Department | 0.24% | Reduce -3.9% | 15,898 | $1.1M |
| Capital Square, LLC | 0.63% | Reduce -2.8% | 15,522 | $1.1M |
| Assetmark, Inc. | 0.00% | Reduce -0.0% | 15,770 | $1.1M |
| US Bancorp \de | 0.00% | Reduce -8.5% | 15,675 | $1.1M |
| Vanguard Personalized Indexing Management, LLC | 0.02% | Add +8.4% | 15,399 | $1.1M |
| Parr McKnight Wealth Management Group, LLC | 0.15% | — | 15,272 | $1.1M |
| Pacer Advisors, Inc. | 0.00% | Reduce -25.8% | 15,001 | $1.1M |
| Gsa Capital Partners LLP | 0.08% | Add +1.1% | 14,938 | $1.1M |
| Nissay Asset Management Corp. /Japan | 0.01% | Add +4.2% | 14,911 | $1.0M |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -4.7% | 14,219 | $1.0M |
| Nebula Research & Development LLC | 0.11% | New | 13,853 | $976K |
| Advisors Asset Management, Inc. | 0.02% | Reduce -22.2% | 13,472 | $949K |
| Bank of Nova Scotia | 0.00% | Add +39.5% | 13,365 | $942K |
| Silvercrest Asset Management Group LLC | 0.01% | Reduce -1.1% | 13,008 | $916K |
| Federated Hermes, Inc. | 0.00% | Reduce -46.6% | 12,998 | $916K |
| Neuberger Berman Group LLC | 0.00% | Add +1.0% | 12,457 | $878K |
| Schnieders Capital Management LLC | 0.17% | Add +0.3% | 12,201 | $860K |
| &partners | 0.01% | Add +72.2% | 12,210 | $859K |
| Atria Investments, Inc | 0.01% | Reduce -6.2% | 12,128 | $854K |
| Trust Point Inc. | 0.06% | Add +10.3% | 12,011 | $846K |
| Xponance LLC | 0.01% | Add +11.0% | 11,962 | $843K |
| Adelante Capital Management LLC | 0.06% | New | 11,885 | $837K |
| Metis Global Partners, LLC | 0.02% | Add +11.4% | 11,511 | $811K |
| Applied Capital LLC | 0.62% | Add +0.1% | 11,213 | $790K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +15.3% | 11,105 | $782K |
| James Investment Research, Inc. | 0.09% | No change | 10,821 | $762K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Add +4.6% | 10,747 | $757K |
| New York Life Investment Management LLC | 0.01% | Reduce -7.7% | 10,559 | $744K |
| Quantinno Capital Management LP | 0.01% | Add +71.7% | 10,326 | $727K |
| Vident Advisory, LLC | 0.01% | Reduce -38.8% | 10,294 | $725K |
| Center for Financial Planning, Inc. | 0.10% | No change | 10,237 | $721K |
| Signaturefd, LLC | 0.01% | Add +7.2% | 9,903 | $698K |
| Choreo, LLC | 0.01% | Reduce -16.4% | 9,662 | $675K |
| Texas Yale Capital Corp. | 0.03% | No change | 9,195 | $648K |
| Captrust Financial Advisors | 0.00% | Add +0.5% | 9,065 | $639K |
| MML Investors Services, LLC | 0.00% | Add +42.6% | 8,893 | $627K |
| Intrust Bank NA | 0.06% | Add +6.8% | 8,625 | $608K |
| 1620 Investment Advisors, Inc. | 0.46% | Add +0.4% | 8,474 | $597K |
| Osaic Holdings, Inc. | 0.00% | Reduce -5.5% | 8,204 | $578K |
| Spirit of America Management Corp. | 0.12% | No change | 8,100 | $571K |
| CSU Producer Resources, Inc. | 1.86% | No change | 8,000 | $564K |
| XTX Topco Ltd | 0.05% | Reduce -33.9% | 7,912 | $557K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 7,909 | $557K |
| Crossmark Global Holdings, Inc. | 0.01% | Add +0.3% | 7,858 | $553K |
| Virtus Investment Advisers, LLC | 0.44% | New | 7,815 | $551K |
| Securian Asset Management, Inc. | 0.02% | No change | 7,807 | $550K |
| Gilman Hill Asset Management, LLC | 0.09% | Reduce -6.9% | 7,658 | $540K |
| Great Lakes Advisors, LLC | 0.00% | Reduce -0.7% | 7,620 | $537K |
| Janney Montgomery Scott LLC | 0.00% | Reduce -21.4% | 7,431 | $524K |
| Ascentis Independent Advisors | 0.10% | Reduce -27.8% | 7,342 | $517K |
| Avantax Advisory Services, Inc. | 0.00% | Add +12.1% | 7,293 | $514K |
| DoubleLine ETF Adviser LP | 0.14% | Add +0.6% | 7,213 | $508K |
| Tower Research Capital LLC (TRC) | 0.01% | Add +90.4% | 7,184 | $506K |
| Sterling Capital Management LLC | 0.01% | Add +58.9% | 7,002 | $493K |
| Greenland Capital Management LP | 0.10% | New | 6,996 | $493K |
| Park Avenue Securities LLC | 0.01% | Add +39.3% | 6,893 | $486K |
| Carmel Capital Partners, LLC | 0.20% | Add +2.5% | 6,894 | $486K |
| Azzad Asset Management Inc. | 0.09% | Reduce -40.9% | 6,697 | $472K |
| Concurrent Investment Advisors, LLC | 0.01% | Reduce -1.1% | 6,668 | $470K |
| Koshinski Asset Management, Inc. | 0.04% | No change | 6,652 | $469K |
| Fieldview Capital Management, LLC | 0.07% | — | 6,621 | $466K |
| Graham Capital Management, L.P. | 0.02% | Add +97.9% | 6,596 | $465K |
| Commerce Bank | 0.00% | Reduce -1.0% | 6,403 | $451K |
| Journey Strategic Wealth LLC | 0.02% | Add +0.9% | 6,363 | $448K |
| Quadrant Capital Group LLC | 0.03% | Reduce -1.1% | 6,186 | $436K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -8.6% | 6,040 | $426K |
| Atlantic Union Bankshares Corp | 0.02% | No change | 6,040 | $426K |
| Duff & Phelps Investment Management Co. | 0.01% | No change | 6,000 | $423K |
| Susquehanna International Group, LLP | 0.00% | Reduce -6.7% | 5,889 | $415K |
| Kapitalo Investimentos Ltda | 0.28% | Add +23.1% | 5,869 | $413K |
| Trust Co. of Toledo NA | 0.05% | No change | 5,863 | $413K |
| Spire Wealth Management | 0.01% | New | 5,840 | $411K |
| Utah Retirement Systems | 0.00% | Add +9.4% | 5,800 | $409K |
| Maryland State Retirement & Pension System | 0.01% | No change | 5,662 | $399K |
| Corient Private Wealth LP | 0.00% | Add +69.9% | 5,551 | $391K |
| Ballentine Partners, LLC | 0.01% | New | 5,450 | $384K |
| Total Wealth Planning & Management, Inc. | 0.37% | — | 5,364 | $378K |
| Integrated Investment Consultants, LLC | 0.08% | Reduce -3.2% | 5,301 | $373K |
| Walleye Capital LLC | 0.00% | New | 5,264 | $371K |
| Tidal Investments LLC | 0.00% | Add +6.3% | 5,122 | $361K |
| Abel Hall, LLC | 0.23% | Add +0.2% | 5,119 | $361K |
| Harvest Fund Management Co., Ltd | 0.02% | Add +70.1% | 5,110 | $360K |
| USA Financial Formulas | 0.06% | New | 5,093 | $359K |
| Blue Trust, Inc. | 0.00% | Add +57.3% | 4,913 | $346K |
| Private Advisor Group, LLC | 0.00% | Add +3.6% | 4,909 | $346K |
| Ontario Teachers Pension Plan Board | 0.00% | Add +43.2% | 4,853 | $342K |
| ProShare Advisors LLC | 0.00% | Add +10.3% | 4,828 | $340K |
| Greenleaf Trust | 0.00% | Add +0.9% | 4,804 | $338K |
| Coldstream Capital Management Inc. | 0.01% | Reduce -13.7% | 4,735 | $334K |
| Clarkston Capital Partners, LLC | 0.01% | No change | 4,700 | $331K |
| Baird Financial Group, Inc. | 0.00% | Add +2.3% | 4,678 | $330K |
| Fifth Third Bancorp | 0.00% | Add +112.2% | 4,669 | $329K |
| Sage Investment Counsel LLC | 0.43% | — | 4,667 | $329K |
| Caxton Associates LP | 0.01% | New | 4,604 | $324K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +3.8% | 4,590 | $323K |
| Norinchukin Bank, The | 0.01% | Add +0.6% | 4,566 | $322K |
| Cornercap Investment Counsel Inc. | 0.10% | Reduce -4.0% | 4,549 | $320K |
| Wealthspire Advisors, LLC | 0.00% | Add +14.4% | 4,548 | $320K |
| Kovack Advisors, Inc. | 0.03% | Reduce -22.7% | 4,290 | $302K |
| Evergreen Capital Management LLC | 0.01% | Add +2.6% | 4,209 | $298K |
| Portfolio Design Labs, LLC | 0.06% | New | 4,162 | $293K |
| EP Wealth Advisors, LLC | 0.00% | Add +6.3% | 4,150 | $292K |
| NJ State Employees Deferred Compensation Plan | 0.03% | No change | 4,000 | $282K |
| Shelton Capital Management | 0.01% | No change | 3,940 | $278K |
| Bailard, Inc. | 0.01% | No change | 3,890 | $274K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +18.4% | 3,869 | $273K |
| Fifth Third Wealth Advisors LLC | 0.01% | No change | 3,644 | $257K |
| Regions Financial Corp. | 0.00% | Reduce -1.3% | 3,626 | $255K |
| NewEdge Advisors, LLC | 0.00% | Reduce -5.5% | 3,600 | $254K |
| Jane Street Group, LLC | 0.00% | Reduce -96.5% | 3,517 | $248K |
| Caprock Group, LLC | 0.01% | Add +0.3% | 3,467 | $246K |
| OneDigital Investment Advisors LLC | 0.00% | Add +2.7% | 3,481 | $245K |
| Cwm, LLC | 0.00% | Add +0.1% | 3,463 | $244K |
| Keel Point, LLC | 0.02% | No change | 3,412 | $240K |
| NewEdge Wealth, LLC | 0.00% | Reduce -0.2% | 3,410 | $240K |
| Compound Planning, Inc. | 0.01% | New | 3,407 | $240K |
| Schechter Investment Advisors, LLC | 0.02% | Reduce -0.6% | 3,385 | $238K |
| PEAK6 LLC | 0.01% | — | 3,153 | $222K |
| Ethic Inc. | 0.00% | New | 3,137 | $221K |
| CIBC Asset Management Inc | 0.00% | Add +5.2% | 3,122 | $220K |
| HighPoint Advisor Group LLC | 0.01% | Add +3.8% | 3,028 | $220K |
| PharVision Advisers, LLC | 0.19% | — | 3,120 | $220K |
| FJ Capital Management LLC | 0.03% | New | 3,108 | $219K |
| Creative Financial Designs Inc. | 0.02% | Add +44.2% | 3,101 | $218K |
| Vestmark Advisory Solutions, Inc. | 0.01% | Reduce -1.5% | 3,066 | $216K |
| Rockland Trust Co. | 0.01% | New | 3,020 | $213K |
| Longboard Asset Management, LP | 0.56% | — | 2,990 | $211K |
| 1492 Capital Management LLC | 0.10% | No change | 2,973 | $209K |
| GAMMA Investing LLC | 0.02% | Add +34.5% | 2,897 | $204K |
| Quantum Portfolio Management LLC | 0.11% | New | 2,863 | $202K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Reduce -28.1% | 2,808 | $197K |
| Parallel Advisors, LLC | 0.00% | Add +123.9% | 2,691 | $190K |
| Covestor Ltd | 0.12% | Reduce -0.1% | 2,650 | $187K |
| GeoWealth Management, LLC | 0.01% | Add +671.7% | 2,539 | $179K |
| Virtus Advisers, LLC | 0.07% | Reduce -10.9% | 2,375 | $167K |
| Central Pacific Bank - Trust Division | 0.02% | Reduce -25.0% | 2,310 | $163K |
| Venturi Wealth Management, LLC | 0.01% | New | 2,227 | $157K |
| Coppell Advisory Solutions LLC | 0.02% | Add +5.2% | 2,025 | $142K |
| GF Fund Management Co. LTD. | 0.00% | — | 1,829 | $129K |
| Private Trust Co. NA | 0.01% | Reduce -3.0% | 1,689 | $119K |
| Vestcor Inc | 0.00% | No change | 1,480 | $104K |
| CI Investments Inc. | 0.00% | Add +110.2% | 1,406 | $99K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -47.8% | 1,397 | $98K |
| Caitong International Asset Management Co., Ltd | 0.09% | — | 1,350 | $95K |
| Smartleaf Asset Management LLC | 0.01% | Add +11.4% | 1,306 | $91K |
| State of Wyoming | 0.01% | Reduce -2.1% | 1,279 | $90K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -5.5% | 1,292 | $90K |
| Farther Finance Advisors, LLC | 0.00% | Add +857.1% | 1,206 | $85K |
| Principal Securities, Inc. | 0.00% | Add +26.2% | 1,142 | $80K |
| UMB Bank, n.a. | 0.00% | Add +17.3% | 1,139 | $80K |
| Brown Brothers Harriman & Co. | 0.00% | No change | 1,139 | $80K |
| Wilmington Savings Fund Society, FSB | 0.00% | Add +4.0% | 1,060 | $75K |
| Arcadia Investment Management Corp. | 0.01% | No change | 1,000 | $70K |
| WASHINGTON TRUST Co | 0.00% | No change | 1,000 | $70K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +34.4% | 898 | $63K |
| CoreCap Advisors, LLC | 0.00% | Reduce -33.9% | 863 | $61K |
| FIL Ltd | 0.00% | Reduce -13.6% | 863 | $61K |
| Arax Advisory Partners | 0.00% | Reduce -0.1% | 815 | $57K |
| Lindbrook Capital, LLC | 0.01% | Reduce -2.1% | 786 | $55K |
| Sound Income Strategies, LLC | 0.00% | Add +0.5% | 785 | $55K |
| Bessemer Group Inc. | 0.00% | Reduce -69.1% | 746 | $52K |
| Quarry LP | 0.01% | New | 737 | $52K |
| Financial Life Planners | 0.04% | — | 626 | $44K |
| Huntington National Bank | 0.00% | Reduce -6.8% | 604 | $43K |
| Gables Capital Management Inc. | 0.02% | No change | 600 | $42K |
| Jones Financial Companies LLLP | 0.00% | Add +15.4% | 570 | $40K |
| Headlands Technologies LLC | 0.00% | Add +72.8% | 558 | $39K |
| Allworth Financial LP | 0.00% | Add +4.2% | 524 | $37K |
| Smithfield Trust Co | 0.00% | No change | 510 | $36K |
| Atticus Wealth Management, LLC | 0.01% | No change | 500 | $35K |
| North Star Investment Management Corp. | 0.00% | No change | 500 | $35K |
| Kiely Wealth Advisory Group, Inc. | 0.02% | No change | 475 | $35K |
| MCF Advisors LLC | 0.00% | Add +0.4% | 480 | $34K |
| Bernard Wealth Management Corp. | 0.01% | — | 446 | $31K |
| Wiser Advisor Group LLC | 0.04% | Reduce -1.6% | 437 | $31K |
| Global Retirement Partners, LLC | 0.00% | Add +27.6% | 434 | $31K |
| Versant Capital Management, Inc | 0.01% | Add +230.7% | 420 | $30K |
| Aew Capital Management L P | 0.00% | Reduce -75.0% | 400 | $28K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +84.5% | 382 | $27K |
| MAI Capital Management | 0.00% | New | 354 | $25K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +36.4% | 345 | $24K |
| Capital Analysts, LLC | 0.00% | Add +0.9% | 319 | $22K |
| TD Waterhouse Canada Inc. | 0.00% | Add +3155.6% | 293 | $21K |
| Rise Advisors, LLC | 0.01% | Add +1.1% | 270 | $19K |
| Whittier Trust Co. | 0.00% | No change | 227 | $16K |
| Stephens Consulting, LLC | 0.00% | No change | 200 | $14K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 196 | $14K |
| Physician Wealth Advisors, Inc. | 0.00% | New | 189 | $13K |
| Geneos Wealth Management Inc. | 0.00% | New | 183 | $13K |
| Mather Group, Llc. | 0.00% | No change | 182 | $13K |
| Kentucky Trust Co | 0.01% | — | 172 | $12K |
| Clearstead Advisors, LLC | 0.00% | No change | 166 | $12K |
| Optimum Investment Advisors | 0.00% | No change | 150 | $11K |
| Caldwell Trust Co | 0.00% | No change | 150 | $11K |
| Quent Capital, LLC | 0.00% | Reduce -40.0% | 129 | $9K |
| Rosenberg Matthew Hamilton | 0.00% | No change | 123 | $9K |
| Parkside Financial Bank & Trust | 0.00% | Add +17.0% | 110 | $8K |
| Larson Financial Group LLC | 0.00% | Add +324.0% | 106 | $7K |
| Bartlett & Co. Wealth Management LLC | 0.00% | New | 100 | $7K |
| Plante Moran Financial Advisors, LLC | 0.00% | No change | 100 | $7K |
| Group One Trading LLC | 0.00% | Reduce -13.8% | 100 | $7K |
| Prestige Wealth Management Group LLC | 0.00% | No change | 92 | $7K |
| FLP Wealth Management, LLC | 0.01% | — | 73 | $5K |
| LGT Financial Advisors LLC | 0.01% | No change | 73 | $5K |
| Harbour Investments, Inc. | 0.00% | New | 67 | $5K |
| Johnson Financial Group, Inc. | 0.00% | Reduce -22.2% | 63 | $5K |
| High Note Wealth, LLC | 0.00% | New | 61 | $4K |
| Bell Investment Advisors, Inc | 0.00% | Add +13.7% | 58 | $4K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | Reduce -37.2% | 54 | $4K |
| Salem Investment Counselors Inc. | 0.00% | New | 50 | $4K |
| Avalon Trust Co | 0.00% | New | 44 | $3K |
| Roble, Belko & Company, Inc | 0.00% | Add +2.2% | 47 | $3K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 40 | $3K |
| First Financial Corp. | 0.00% | No change | 35 | $2K |
| Sachetta, LLC | 0.00% | No change | 22 | $2K |
| Private Wealth Management Group, LLC | 0.00% | Reduce -69.4% | 22 | $2K |
| NewSquare Capital LLC | 0.00% | New | 22 | $2K |
| WPG Advisers, LLC | 0.00% | — | 18 | $1K |
| Sierra Ocean, LLC | 0.00% | — | 17 | $1K |
| Shakespeare Wealth Management, LLC | 0.00% | New | 17 | $1K |
| Provenance Wealth Advisors, LLC | 0.00% | No change | 15 | $1K |
| Concourse Financial Group Securities, Inc. | 0.00% | Reduce -30.0% | 14 | $1K |
| Avion Wealth | 0.00% | No change | 18 | $1K |
| Twin Tree Management, LP | 0.00% | Reduce -99.7% | 14 | $986 |
| HHM Wealth Advisors, LLC | 0.00% | New | 13 | $916 |
| Fortitude Family Office, LLC | 0.00% | No change | 11 | $775 |
| Mountain Hill Investment Partners Corp. | 0.00% | — | 10 | $725 |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 8 | $564 |
| Dunhill Financial, LLC | 0.00% | No change | 6 | $454 |
| First Horizon Advisors, Inc. | 0.00% | No change | 3 | $211 |
| Brooklyn Investment Group | 0.00% | New | 3 | $145 |
| PSI Advisors, LLC | 0.00% | No change | 1 | $70 |
"% of holder's portfolio" is ADC's weight in each manager's 13F, not the share of Agree Realty Corp. the manager owns.