Agree RealtyADC
13F holders, Q1 2025 (March 31)466holders +15
56new positions
40sold out
9famous investors
$77.22avg. 13F price*
At the end of Q1 2025, 466 institutions reported holding Agree Realty Corp. (ADC) in their 13F filings, up 15 from Q4 2024. 56 opened new positions and 40 sold out. The largest holders were Vanguard Group Inc. ($1.2B), BlackRock, Inc. ($1.0B) and Cohen & Steers, Inc. ($761.6M). 9 famous investors held it, including Israel Englander (0.1% of Millennium Management's portfolio), Paul Tudor Jones (0.1% of Tudor Investment Corporation's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).
- Company
- Agree Realty Corp.
- CUSIP
- 008492100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 56 | $151.3M |
| Exits | 40 | $314.6M |
All 13F filers, Q4 2024 → Q1 2025: 13,173,681 shares bought and 9,330,123 shares sold, net +3,843,558 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 466 holders
| Vanguard Group Inc. | 0.02% | Add +2.5% | 14,913,633 | $1.2B |
| BlackRock, Inc. | 0.02% | Reduce -2.7% | 12,997,431 | $1.0B |
| Cohen & Steers, Inc. | 1.41% | Add +1.0% | 9,866,824 | $761.6M |
| State Street Corp. | 0.02% | Add +2.3% | 5,383,541 | $416.9M |
| Principal Financial Group Inc. | 0.12% | Reduce -2.2% | 2,669,333 | $206.0M |
| Geode Capital Management, LLC | 0.02% | Add +17.7% | 2,509,590 | $203.1M |
| Deutsche Bank AG | 0.08% | Add +0.2% | 2,528,230 | $195.2M |
| Centersquare Investment Management LLC | 1.94% | Add +10.7% | 2,431,960 | $187.7M |
| Daiwa Securities Group Inc. | 0.77% | Add +5.6% | 2,358,979 | $182.1M |
| JPMorgan Chase & Co. | 0.01% | Add +17.8% | 2,338,219 | $180.5M |
| Two Sigma Advisers, LP | 0.36% | Add +79.5% | 2,077,687 | $160.4M |
| Macquarie Group Ltd. | 0.19% | Reduce -8.2% | 1,934,040 | $149.3M |
| Prudential Financial Inc. | 0.21% | Add +98.7% | 1,868,616 | $144.2M |
| American Century Companies Inc. | 0.08% | Reduce -7.5% | 1,751,030 | $135.2M |
| Morgan Stanley | 0.01% | Add +23.7% | 1,727,313 | $133.3M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +3.0% | 1,695,297 | $130.9M |
| Invesco Ltd. | 0.02% | Reduce -25.0% | 1,659,858 | $128.1M |
| Dimensional Fund Advisors LP | 0.03% | Add +2.0% | 1,581,170 | $122.0M |
| Northern Trust Corp. | 0.02% | Add +1.5% | 1,546,582 | $119.4M |
| Two Sigma Investments, LP | 0.26% | Add +61.4% | 1,497,423 | $115.6M |
| Raymond James Financial Inc. | 0.04% | Add +1.4% | 1,459,633 | $112.7M |
| Russell Investments Group, Ltd. | 0.14% | Add +21.8% | 1,276,096 | $98.5M |
| Balyasny Asset Management L.P. | 0.23% | Add +554.0% | 1,195,091 | $92.2M |
| Alyeska Investment Group, L.P. | 0.36% | Add +9.3% | 1,170,106 | $90.3M |
| Bank of New York Mellon Corp | 0.02% | Reduce -10.8% | 1,087,610 | $84.0M |
| Frontier Capital Management Co. LLC | 0.88% | Add +1.3% | 1,043,998 | $80.6M |
| GW&K Investment Management, LLC | 0.74% | Reduce -1.4% | 1,041,865 | $80.4M |
| Wellington Management Group LLP | 0.02% | Add +72.1% | 1,016,593 | $78.5M |
| PGGM Investments | 1.00% | Add +480.8% | 956,246 | $73.8M |
| Thrivent Financial for Lutherans | 0.16% | Reduce -7.4% | 937,575 | $72.4M |
| Resolution Capital Ltd | 1.36% | Add +26.9% | 907,475 | $70.0M |
| Millennium Management | 0.07% | Reduce -25.6% | 871,332 | $67.3M |
| Nuveen, LLC | 0.02% | — | 911,254 | $64.8M |
| CBRE Investment Management Listed Real Assets LLC | 0.98% | Add +98.7% | 821,090 | $63.4M |
| Janus Henderson Group PLC | 0.03% | Reduce -0.7% | 798,657 | $61.2M |
| Cincinnati Insurance Co. | 1.06% | No change | 789,500 | $60.9M |
| Allspring Global Investments Holdings, LLC | 0.11% | Add +12.9% | 788,752 | $60.6M |
| Bank of America Corp. | 0.01% | Add +43.3% | 752,603 | $58.1M |
| GRS Advisors, LLC | 5.96% | Add +45.6% | 742,060 | $57.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | Add +3.7% | 733,623 | $56.6M |
| Voloridge Investment Management, LLC | 0.21% | Reduce -6.4% | 725,243 | $56.0M |
| Citigroup Inc. | 0.04% | Reduce -1.3% | 703,463 | $54.3M |
| William Blair Investment Management, LLC | 0.15% | Reduce -2.6% | 673,236 | $52.0M |
| Legal & General Group Plc | 0.01% | Add +0.4% | 665,108 | $51.3M |
| Norges Bank | 0.01% | Reduce -12.2% | 609,185 | $47.0M |
| Sei Investments Co. | 0.06% | Add +29.1% | 586,273 | $45.3M |
| Burkehill Global Management, LP | 3.17% | Add +450.0% | 550,000 | $42.5M |
| Bahl & Gaynor LLC | 0.22% | Add +16.6% | 549,225 | $42.4M |
| Deprince Race & Zollo Inc. | 0.85% | Reduce -1.4% | 533,640 | $41.2M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.08% | New | 532,637 | $41.1M |
| Heitman Real Estate Securities LLC | 2.50% | Reduce -32.4% | 500,292 | $38.6M |
| FMR LLC | 0.00% | Reduce -70.5% | 490,603 | $37.9M |
| California Public Employees Retirement System | 0.03% | Add +0.5% | 486,047 | $37.5M |
| Leeward Investments, LLC - MA | 1.86% | Reduce -4.1% | 454,016 | $35.0M |
| T. Rowe Price Associates Inc. | 0.00% | Add +2.0% | 436,655 | $33.7M |
| D. E. Shaw & Co. | 0.04% | Add +3.2% | 426,008 | $32.9M |
| T. Rowe Price Investment Management, Inc. | 0.02% | Reduce -9.5% | 380,107 | $29.3M |
| Adelante Capital Management LLC | 2.17% | Add +3018.7% | 370,652 | $28.6M |
| APG Asset Management US Inc. | 0.21% | No change | 360,343 | $27.7M |
| Wells Fargo & Company | 0.01% | Add +2.9% | 354,334 | $27.4M |
| Sumitomo Mitsui Trust Group, Inc. | 0.02% | Reduce -3.4% | 350,228 | $27.0M |
| Systematic Financial Management LP | 0.71% | Reduce -1.1% | 324,167 | $25.0M |
| ExodusPoint Capital Management, LP | 0.33% | Reduce -30.0% | 323,750 | $25.0M |
| Loomis Sayles & Co. L P | 0.04% | Reduce -0.3% | 322,910 | $24.9M |
| Rhumbline Advisers | 0.02% | Add +1.0% | 321,578 | $24.8M |
| Citadel Advisors | 0.02% | Add +13.0% | 302,114 | $23.3M |
| State of New Jersey Common Pension Fund D | 0.10% | Reduce -0.3% | 298,479 | $23.0M |
| Fort Washington Investment Advisors Inc. | 0.14% | Add +18.2% | 296,993 | $22.9M |
| Envestnet Asset Management Inc. | 0.01% | Reduce -2.6% | 293,753 | $22.7M |
| Hazelview Securities Inc. | 4.02% | Reduce -14.4% | 286,699 | $22.1M |
| Lighthouse Investment Partners, LLC | 1.01% | Add +35.6% | 284,800 | $22.0M |
| AQR Capital Management | 0.02% | Add +0.1% | 280,153 | $21.6M |
| Royal Bank of Canada | 0.00% | Reduce -2.5% | 265,335 | $20.5M |
| Public Employees Retirement System of Ohio | 0.07% | Add +19.4% | 258,098 | $19.9M |
| Alliancebernstein L.P. | 0.01% | Add +69.2% | 256,785 | $19.8M |
| Gillson Capital LP | 1.67% | Add +250.3% | 254,350 | $19.6M |
| Aristotle Capital Boston, LLC | 0.92% | New | 239,780 | $18.5M |
| UBS Group AG | 0.00% | Add +70.3% | 234,791 | $18.1M |
| Schroder Investment Management Group | 0.02% | New | 234,723 | $17.9M |
| CANADA LIFE ASSURANCE Co | 0.03% | Add +9.8% | 219,193 | $16.9M |
| Asset Management One Co., Ltd. | 0.06% | Add +6.6% | 214,844 | $16.6M |
| Lasalle Investment Management Securities LLC | 0.70% | Reduce -0.3% | 208,247 | $16.1M |
| Swiss National Bank | 0.01% | Add +1.3% | 200,482 | $15.5M |
| State of Wisconsin Investment Board | 0.04% | Add +6.1% | 198,862 | $15.4M |
| Quantbot Technologies LP | 0.48% | Add +144.0% | 195,441 | $15.1M |
| Sophron Capital Management L.P. | 4.67% | Reduce -6.4% | 177,887 | $13.7M |
| Tributary Capital Management, LLC | 1.17% | Reduce -2.8% | 173,912 | $13.4M |
| Ceredex Value Advisors LLC | 0.28% | Add +14.9% | 165,382 | $12.8M |
| Verition Fund Management LLC | 0.07% | Reduce -10.3% | 160,045 | $12.4M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.09% | — | 157,378 | $12.1M |
| STRS Ohio | 0.05% | Reduce -22.4% | 156,187 | $12.1M |
| Schonfeld Strategic Advisors LLC | 0.08% | Add +636.3% | 153,890 | $11.9M |
| Ameriprise Financial Inc. | 0.00% | Add +7.8% | 153,220 | $11.8M |
| Nomura Asset Management Co. Ltd. | 0.04% | Add +10.5% | 152,921 | $11.8M |
| HRT Financial LP | 0.07% | Add +339.0% | 147,781 | $11.4M |
| Boothbay Fund Management, LLC | 0.40% | Add +66.7% | 143,693 | $11.1M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -47.8% | 138,565 | $10.7M |
| Uniplan Investment Counsel, Inc. | 1.01% | Reduce -6.1% | 130,854 | $10.1M |
| Retirement Systems of Alabama | 0.04% | Add +3.7% | 130,269 | $10.1M |
| Franklin Resources Inc. | 0.00% | Add +81.4% | 120,951 | $9.3M |
| Corebridge Financial, Inc. | 0.05% | Add +1.1% | 118,186 | $9.1M |
| New York State Teachers Retirement System | 0.02% | Add +1.2% | 113,976 | $8.8M |
| Brookfield Corp | 0.01% | Reduce -66.9% | 113,606 | $8.8M |
| OVERSEA-CHINESE BANKING Corp Ltd | 0.26% | Add +77.7% | 112,702 | $8.7M |
| New York State Common Retirement Fund | 0.01% | Reduce -48.4% | 108,326 | $8.4M |
| Baron Capital (BAMCO) | 0.02% | Add +19.0% | 108,132 | $8.3M |
| Mitsubishi UFJ Trust & Banking Corp | 0.02% | New | 106,813 | $8.2M |
| Victory Capital Management Inc. | 0.01% | Add +107.8% | 104,863 | $8.1M |
| Fisher Asset Management | 0.00% | Reduce -11.1% | 104,044 | $8.0M |
| New Age Alpha Advisors, LLC | 0.35% | Add +53.5% | 101,843 | $7.9M |
| Natixis Advisors, LLC | 0.01% | Add +9.7% | 100,991 | $7.8M |
| Impax Asset Management Group plc | 0.05% | Reduce -13.0% | 100,000 | $7.7M |
| Susquehanna Fundamental Investments, LLC | 0.13% | New | 99,766 | $7.7M |
| Phocas Financial Corp. | 1.18% | Reduce -5.4% | 99,294 | $7.7M |
| California State Teachers Retirement System | 0.01% | Add +2.9% | 97,329 | $7.5M |
| Ibex Wealth Advisors | 0.96% | Add +0.1% | 93,603 | $7.2M |
| Manufacturers Life Insurance Company, The | 0.01% | Add +4.8% | 93,151 | $7.2M |
| Allianz Asset Management GmbH | 0.01% | New | 91,329 | $7.0M |
| Barclays PLC | 0.00% | Reduce -29.1% | 87,785 | $6.8M |
| Edgestream Partners, L.P. | 0.23% | New | 86,707 | $6.7M |
| Twin Tree Management, LP | 0.15% | Add +615421.4% | 86,173 | $6.7M |
| Tudor Investment Corporation | 0.06% | Reduce -55.1% | 84,528 | $6.5M |
| HSBC Holdings PLC | 0.00% | Add +3.5% | 82,762 | $6.4M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.02% | Add +2.2% | 82,371 | $6.4M |
| Creative Planning | 0.01% | Add +8.9% | 82,223 | $6.3M |
| Jump Financial, LLC | 0.09% | Reduce -3.3% | 77,152 | $6.0M |
| Jain Global LLC | 0.12% | New | 76,931 | $5.9M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.01% | Add +8.5% | 73,805 | $5.7M |
| Aptus Capital Advisors, LLC | 0.06% | Add +12.7% | 72,131 | $5.6M |
| LMCG Investments, LLC | 0.36% | Add +60.7% | 71,010 | $5.5M |
| BI Asset Management Fondsmaeglerselskab A/S | 0.06% | New | 71,000 | $5.5M |
| Greenland Capital Management LP | 0.93% | Add +877.2% | 68,363 | $5.3M |
| MetLife Investment Management, LLC | 0.03% | Add +1.8% | 62,398 | $4.8M |
| State of Alaska, Department of Revenue | 0.05% | Reduce -1.6% | 62,320 | $4.8M |
| Dark Forest Capital Management LP | 0.21% | New | 59,501 | $4.6M |
| Amundi | 0.00% | Add +2.7% | 59,035 | $4.5M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.03% | Add +2.0% | 58,708 | $4.5M |
| DekaBank Deutsche Girozentrale | 0.01% | Reduce -6.2% | 59,583 | $4.5M |
| Great Lakes Advisors, LLC | 0.04% | Add +666.6% | 58,416 | $4.5M |
| Squarepoint Ops LLC | 0.01% | Add +14.3% | 56,935 | $4.4M |
| Mutual of America Capital Management LLC | 0.05% | Add +0.9% | 55,086 | $4.3M |
| Exchange Traded Concepts, LLC | 0.07% | Reduce -6.3% | 52,263 | $4.0M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.01% | Add +0.8% | 51,372 | $4.0M |
| Truist Financial Corp. | 0.01% | Reduce -1.6% | 50,658 | $3.9M |
| First Trust Advisors LP | 0.00% | Reduce -45.8% | 50,541 | $3.9M |
| Amalgamated Bank | 0.03% | Reduce -0.5% | 48,742 | $3.8M |
| BNP Paribas Financial Markets | 0.00% | Add +7.7% | 48,287 | $3.7M |
| Ilex Capital Partners (UK) LLP | 0.15% | New | 47,805 | $3.7M |
| State of Tennessee, Department of Treasury | 0.01% | No change | 47,515 | $3.7M |
| Community Trust & Investment Co. | 0.23% | Reduce -3.6% | 47,212 | $3.6M |
| Treasurer of the State of North Carolina | 0.01% | Reduce -0.8% | 46,616 | $3.6M |
| Resona Asset Management Co.,Ltd. | 0.02% | Add +13.2% | 46,677 | $3.6M |
| Van Eck Associates Corp. | 0.00% | Add +5.6% | 46,007 | $3.6M |
| LPL Financial LLC | 0.00% | Add +12.4% | 44,238 | $3.4M |
| CoreCap Advisors, LLC | 0.14% | Add +4748.2% | 41,840 | $3.2M |
| Portfolio Design Labs, LLC | 0.66% | Add +894.0% | 41,368 | $3.2M |
| AlphaQuest LLC | 0.34% | Reduce -13.8% | 40,831 | $3.2M |
| Yousif Capital Management, LLC | 0.04% | Add +1.1% | 40,036 | $3.1M |
| Community Bank of Raymore | 2.47% | Reduce -10.2% | 39,515 | $3.1M |
| GSI Capital Advisors LLC | 1.59% | Add +1.3% | 39,375 | $3.0M |
| Cerity Partners LLC | 0.01% | Add +1.4% | 39,122 | $3.0M |
| Police & Firemen's Retirement System of New Jersey | 0.03% | Reduce -1.9% | 38,086 | $2.9M |
| Blue Chip Partners, LLC | 0.25% | Reduce -0.2% | 38,065 | $2.9M |
| Employees Retirement System of Texas | 0.03% | Reduce -46.5% | 38,000 | $2.9M |
| Agf Management Ltd. | 0.02% | Add +8.0% | 36,805 | $2.8M |
| State Board of Administration of Florida Retirement System | 0.01% | No change | 36,599 | $2.8M |
| First National Bank of Omaha | 0.19% | Add +2.2% | 36,070 | $2.8M |
| Presima Securities ULC | 0.62% | Add +1.4% | 35,969 | $2.8M |
| Element Capital Management LLC | 0.69% | New | 35,966 | $2.8M |
| Stifel Financial Corp. | 0.00% | Add +0.8% | 35,457 | $2.7M |
| Lazard Asset Management LLC | 0.00% | Reduce -46.3% | 34,050 | $2.6M |
| Allstate Corp. | 0.08% | No change | 33,824 | $2.6M |
| M&T Bank Corp | 0.01% | Reduce -4.6% | 33,452 | $2.6M |
| Ascent Group, LLC | 0.11% | New | 31,862 | $2.5M |
| Ensign Peak Advisors, Inc | 0.00% | No change | 31,788 | $2.5M |
| Pathstone Holdings, LLC | 0.01% | Add +18.4% | 31,602 | $2.4M |
| Cetera Investment Advisers | 0.00% | Add +10.0% | 30,671 | $2.4M |
| Louisiana State Employees Retirement System | 0.05% | Add +4.5% | 30,000 | $2.3M |
| Nisa Investment Advisors, LLC | 0.01% | Reduce -12.0% | 29,830 | $2.3M |
| Cibc World Markets Corp. | 0.02% | Reduce -0.7% | 29,900 | $2.3M |
| Arizona State Retirement System | 0.01% | Add +1.7% | 29,694 | $2.3M |
| UniSuper Management Pty Ltd | 0.02% | Reduce -4.0% | 28,800 | $2.2M |
| E. Ohman J:or Asset Management AB | 0.06% | Add +18.0% | 27,883 | $2.2M |
| Handelsbanken Fonder AB | 0.01% | Add +29.1% | 27,537 | $2.1M |
| Brevan Howard Capital Management LP | 0.06% | Add +19.3% | 27,414 | $2.1M |
| Jane Street Group, LLC | 0.00% | Add +678.1% | 27,365 | $2.1M |
| Aberdeen Group plc | 0.00% | Reduce -0.9% | 27,239 | $2.1M |
| Teachers Retirement System of the State of Kentucky | 0.02% | No change | 27,131 | $2.1M |
| KLP Kapitalforvaltning As | 0.01% | Add +3.5% | 26,600 | $2.1M |
| Orion Porfolio Solutions, LLC | 0.02% | Add +14.2% | 26,058 | $2.0M |
| Orion Portfolio Solutions, LLC | 0.02% | Add +14.2% | 26,058 | $2.0M |
| State of Michigan Retirement System | 0.01% | Add +4.5% | 25,600 | $2.0M |
| Transcend Capital Advisors, LLC | 0.14% | Add +1.0% | 24,934 | $1.9M |
| Teacher Retirement System of Texas | 0.01% | Add +52.4% | 24,400 | $1.9M |
| Dana Investment Advisors, Inc. | 0.07% | Reduce -14.4% | 24,131 | $1.9M |
| Northwestern Mutual Investment Management Company, LLC | 0.03% | Add +3.6% | 23,797 | $1.8M |
| Gotham Asset Management | 0.01% | New | 23,344 | $1.8M |
| Motley Fool Wealth Management, LLC | 0.11% | Reduce -10.8% | 23,187 | $1.8M |
| Entropy Technologies, LP | 0.17% | New | 23,172 | $1.8M |
| Pictet Asset Management Holding SA | 0.00% | Reduce -28.2% | 22,839 | $1.8M |
| Vanderbilt University | 0.33% | Reduce -13.1% | 22,489 | $1.7M |
| Redmond Asset Management, LLC | 0.45% | No change | 22,459 | $1.7M |
| HighTower Advisors, LLC | 0.00% | Reduce -14.4% | 22,261 | $1.7M |
| Bridgefront Capital, LLC | 0.49% | Add +33.5% | 22,024 | $1.7M |
| Harvest Portfolios Group Inc. | 0.05% | Reduce -4.6% | 21,993 | $1.7M |
| Oregon Public Employees Retirement Fund | 0.03% | Add +3.3% | 21,754 | $1.7M |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.02% | Add +1.5% | 21,745 | $1.7M |
| Oppenheimer Asset Management Inc. | 0.02% | Add +10.2% | 21,070 | $1.6M |
| Ameritas Investment Partners, Inc. | 0.06% | Add +2.2% | 21,059 | $1.6M |
| New Mexico Educational Retirement Board | 0.06% | No change | 20,700 | $1.6M |
| IFM Investors Pty Ltd | 0.02% | Reduce -17.0% | 20,569 | $1.6M |
| Freestone Grove Partners LP | 0.02% | Reduce -35.8% | 19,986 | $1.5M |
| Landscape Capital Management, L.L.C. | 0.14% | Reduce -9.5% | 19,778 | $1.5M |
| Moran Wealth Management, LLC | 0.05% | Reduce -0.8% | 19,300 | $1.5M |
| Nicola Wealth Management LTD. | 0.14% | Reduce -10.8% | 19,046 | $1.5M |
| Fox Run Management, L.L.C. | 0.23% | New | 19,035 | $1.5M |
| Keybank National Association | 0.01% | Add +6.6% | 17,866 | $1.4M |
| Town & Country Bank & Trust CO dba First Bankers Trust CO | 0.53% | New | 17,535 | $1.4M |
| Citizens National Bank Trust Department | 0.29% | Add +10.2% | 17,511 | $1.4M |
| Pathway Financial Advisers, LLC | 0.45% | Add +2.3% | 17,139 | $1.3M |
| Parr McKnight Wealth Management Group, LLC | 0.19% | Add +10.5% | 16,879 | $1.3M |
| Mariner, LLC | 0.00% | Add +2.6% | 16,776 | $1.3M |
| Bank of Montreal | 0.00% | Reduce -6.8% | 16,757 | $1.3M |
| Foresight Group Ltd Liability Partnership | 0.18% | Reduce -6.3% | 16,865 | $1.3M |
| Illinois Municipal Retirement Fund | 0.02% | No change | 16,738 | $1.3M |
| Cincinnati Specialty Underwriters Insurance CO | 0.38% | No change | 16,500 | $1.3M |
| Vanguard Personalized Indexing Management, LLC | 0.02% | Add +4.9% | 16,160 | $1.2M |
| Quadrant Capital Group LLC | 0.05% | Add +160.0% | 16,084 | $1.2M |
| Assetmark, Inc. | 0.00% | Add +0.2% | 15,806 | $1.2M |
| SummitTX Capital, L.P. | 0.05% | — | 15,315 | $1.2M |
| Nissay Asset Management Corp. /Japan | 0.01% | Add +1.9% | 15,199 | $1.2M |
| Pitcairn Co. | 0.07% | Reduce -6.8% | 15,171 | $1.2M |
| Cubist Systematic Strategies, LLC | 0.02% | New | 15,044 | $1.2M |
| Walleye Capital LLC | 0.01% | Add +183.5% | 14,925 | $1.2M |
| US Bancorp \de | 0.00% | Reduce -5.0% | 14,891 | $1.1M |
| Quantinno Capital Management LP | 0.01% | Add +41.8% | 14,646 | $1.1M |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -23.6% | 14,644 | $1.1M |
| PNC Financial Services Group, Inc. | 0.00% | Add +0.1% | 14,230 | $1.1M |
| Capital Square, LLC | 0.64% | Reduce -9.6% | 14,031 | $1.1M |
| Metis Global Partners, LLC | 0.03% | Add +17.8% | 13,556 | $1.0M |
| Federated Hermes, Inc. | 0.00% | Add +3.2% | 13,415 | $1.0M |
| SG Americas Securities, LLC | 0.00% | Reduce -54.7% | 12,907 | $996K |
| Voya Investment Management LLC | 0.00% | Reduce -36.8% | 12,720 | $982K |
| &partners | 0.01% | Add +4.9% | 12,806 | $981K |
| Neuberger Berman Group LLC | 0.00% | Add +0.3% | 12,494 | $964K |
| Atria Investments, Inc | 0.01% | Add +2.4% | 12,423 | $959K |
| Gilman Hill Asset Management, LLC | 0.16% | Add +59.8% | 12,240 | $945K |
| Xponance LLC | 0.01% | Add +1.0% | 12,086 | $933K |
| Janney Montgomery Scott LLC | 0.00% | Add +61.2% | 11,982 | $925K |
| Connor, Clark & Lunn Investment Management Ltd. | 0.00% | New | 11,825 | $913K |
| Silvercrest Asset Management Group LLC | 0.01% | Reduce -9.4% | 11,783 | $910K |
| Friedenthal Financial | 0.54% | New | 11,616 | $897K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +4.5% | 11,609 | $896K |
| FJ Capital Management LLC | 0.09% | Add +270.5% | 11,514 | $889K |
| Applied Capital LLC | 0.69% | Reduce -0.5% | 11,163 | $862K |
| New York Life Investment Management LLC | 0.01% | Add +3.9% | 10,972 | $847K |
| James Investment Research, Inc. | 0.11% | Add +0.0% | 10,822 | $835K |
| Gsa Capital Partners LLP | 0.07% | Reduce -29.5% | 10,531 | $813K |
| Pinebridge Investments, L.P. | 0.01% | Reduce -63.4% | 10,343 | $798K |
| Center for Financial Planning, Inc. | 0.10% | No change | 10,237 | $790K |
| XTX Topco Ltd | 0.04% | Add +28.6% | 10,179 | $786K |
| Intrust Bank NA | 0.08% | Add +16.7% | 10,065 | $777K |
| Signaturefd, LLC | 0.01% | Add +0.6% | 9,966 | $769K |
| Invst, LLC | 0.10% | New | 9,906 | $765K |
| Oak Thistle LLC | 0.15% | New | 9,886 | $763K |
| Choreo, LLC | 0.01% | Reduce -0.3% | 9,637 | $746K |
| Caxton Associates LLP | 0.03% | — | 9,616 | $742K |
| Schnieders Capital Management LLC | 0.16% | Reduce -22.1% | 9,501 | $733K |
| Texas Yale Capital Corp. | 0.03% | No change | 9,195 | $710K |
| Tower Research Capital LLC (TRC) | 0.02% | Add +26.9% | 9,118 | $704K |
| Ethic Inc. | 0.01% | Add +182.1% | 8,850 | $680K |
| Captrust Financial Advisors | 0.00% | Reduce -3.6% | 8,737 | $674K |
| Aster Capital Management (DIFC) Ltd | 0.12% | New | 8,958 | $661K |
| 1620 Investment Advisors, Inc. | 0.52% | Add +1.0% | 8,562 | $661K |
| Advisors Asset Management, Inc. | 0.01% | Reduce -36.8% | 8,521 | $658K |
| Securian Asset Management, Inc. | 0.02% | Add +4.1% | 8,129 | $627K |
| Spirit of America Management Corp. | 0.13% | No change | 8,100 | $625K |
| CSU Producer Resources, Inc. | 2.05% | No change | 8,000 | $618K |
| Trust Point Inc. | 0.06% | Reduce -33.6% | 7,980 | $616K |
| MML Investors Services, LLC | 0.00% | Reduce -10.6% | 7,955 | $614K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 7,909 | $610K |
| Crossmark Global Holdings, Inc. | 0.01% | Reduce -0.1% | 7,846 | $606K |
| Virtus Advisers, LLC | 0.40% | Add +229.1% | 7,815 | $603K |
| First National Advisers, LLC | 0.09% | New | 7,494 | $578K |
| Vident Advisory, LLC | 0.01% | Reduce -27.4% | 7,477 | $577K |
| Garden State Investment Advisory Services LLC | 0.18% | New | 7,329 | $566K |
| Commonwealth Equity Services, LLC | 0.00% | Add +20.2% | 7,260 | $560K |
| Atom Investors LP | 0.07% | Reduce -92.8% | 7,116 | $549K |
| Avantax Advisory Services, Inc. | 0.00% | Reduce -4.9% | 6,938 | $536K |
| Park Avenue Securities LLC | 0.01% | Reduce -0.1% | 6,888 | $532K |
| Azzad Asset Management Inc. | 0.06% | Add +2.8% | 6,884 | $531K |
| Carmel Capital Partners, LLC | 0.21% | Reduce -1.0% | 6,824 | $527K |
| Concurrent Investment Advisors, LLC | 0.01% | Add +1.6% | 6,778 | $523K |
| Pacer Advisors, Inc. | 0.00% | Reduce -55.1% | 6,730 | $519K |
| Ascentis Independent Advisors | 0.10% | Reduce -8.8% | 6,699 | $517K |
| Koshinski Asset Management, Inc. | 0.04% | No change | 6,652 | $513K |
| Graham Capital Management, L.P. | 0.02% | Add +0.6% | 6,632 | $512K |
| Journey Strategic Wealth LLC | 0.02% | Add +3.6% | 6,592 | $509K |
| Osaic Holdings, Inc. | 0.00% | Reduce -19.7% | 6,587 | $509K |
| Ethos Financial Group, LLC | 0.05% | New | 6,554 | $506K |
| United Services Automobile Association | 0.02% | New | 6,555 | $502K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Reduce -40.4% | 6,407 | $495K |
| Sterling Capital Management LLC | 0.01% | Reduce -9.4% | 6,343 | $490K |
| Commerce Bank | 0.00% | Reduce -1.9% | 6,279 | $485K |
| Vestmark Advisory Solutions, Inc. | 0.01% | Add +102.2% | 6,200 | $479K |
| Virtu Financial LLC | 0.03% | New | 6,198 | $478K |
| Harvest Fund Management Co., Ltd | 0.02% | Add +19.6% | 6,110 | $472K |
| Point72 Asset Management | 0.00% | New | 6,108 | $471K |
| Atlantic Union Bankshares Corp | 0.03% | No change | 6,040 | $466K |
| Corient Private Wealth LP | 0.00% | Add +8.3% | 6,013 | $464K |
| Duff & Phelps Investment Management Co. | 0.01% | No change | 6,000 | $463K |
| DoubleLine ETF Adviser LP | 0.15% | Reduce -17.1% | 5,980 | $462K |
| Trust Co. of Toledo NA | 0.06% | No change | 5,863 | $453K |
| Spire Wealth Management | 0.01% | No change | 5,840 | $451K |
| Cambria Investment Management, L.P. | 0.03% | New | 5,827 | $450K |
| Engineers Gate Manager LP | 0.01% | Reduce -78.7% | 5,803 | $448K |
| Nomura Holdings Inc. | 0.00% | Reduce -77.7% | 5,559 | $429K |
| Total Wealth Planning & Management, Inc. | 0.43% | Add +1.8% | 5,462 | $422K |
| Utah Retirement Systems | 0.00% | Reduce -5.9% | 5,460 | $421K |
| Fiduciary Trust Co | 0.01% | New | 5,455 | $421K |
| Integrated Investment Consultants, LLC | 0.08% | No change | 5,301 | $409K |
| Abel Hall, LLC | 0.24% | Add +0.1% | 5,124 | $396K |
| Maryland State Retirement & Pension System | 0.01% | Reduce -11.8% | 4,994 | $385K |
| Norinchukin Bank, The | 0.01% | Add +8.2% | 4,939 | $381K |
| Coldstream Capital Management Inc. | 0.01% | Add +2.5% | 4,852 | $375K |
| Greenleaf Trust | 0.00% | Add +0.7% | 4,835 | $373K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +3.0% | 4,729 | $365K |
| Two Sigma Securities, LLC | 0.06% | New | 4,720 | $364K |
| Sage Investment Counsel LLC | 0.46% | Add +0.3% | 4,683 | $362K |
| AE Wealth Management LLC | 0.00% | New | 4,638 | $358K |
| J.W. Cole Advisors, Inc. | 0.01% | New | 4,617 | $356K |
| Baird Financial Group, Inc. | 0.00% | Reduce -1.4% | 4,615 | $356K |
| ProShare Advisors LLC | 0.00% | Reduce -5.5% | 4,560 | $352K |
| Fifth Third Bancorp | 0.00% | Reduce -3.2% | 4,518 | $349K |
| Cornercap Investment Counsel Inc. | 0.18% | Reduce -1.5% | 4,481 | $346K |
| Evergreen Capital Management LLC | 0.01% | Add +5.5% | 4,441 | $344K |
| Perbak Capital Partners LLP | 0.25% | New | 4,435 | $342K |
| Caprock Group, LLC | 0.01% | Add +26.6% | 4,388 | $340K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +13.2% | 4,381 | $338K |
| Mercer Global Advisors Inc. | 0.00% | New | 4,397 | $337K |
| Bank of Nova Scotia | 0.00% | Reduce -67.4% | 4,363 | $337K |
| KBC Group NV | 0.00% | Reduce -90.1% | 4,332 | $334K |
| Wealthspire Advisors, LLC | 0.00% | Reduce -8.0% | 4,185 | $323K |
| EP Wealth Advisors, LLC | 0.00% | Reduce -3.5% | 4,007 | $309K |
| NJ State Employees Deferred Compensation Plan | 0.04% | No change | 4,000 | $309K |
| Bailard, Inc. | 0.01% | No change | 3,890 | $300K |
| Creative Financial Designs Inc. | 0.02% | Add +24.0% | 3,844 | $297K |
| Shelton Capital Management | 0.01% | Reduce -5.9% | 3,709 | $286K |
| Compound Planning, Inc. | 0.01% | Add +8.7% | 3,704 | $286K |
| Regions Financial Corp. | 0.00% | Reduce -0.6% | 3,605 | $278K |
| Bayforest Capital Ltd | 0.12% | New | 3,491 | $269K |
| Cwm, LLC | 0.00% | Reduce -0.2% | 3,455 | $267K |
| OneDigital Investment Advisors LLC | 0.00% | Reduce -1.2% | 3,440 | $266K |
| Keel Point, LLC | 0.02% | No change | 3,412 | $263K |
| Y-Intercept (Hong Kong) Ltd | 0.02% | New | 3,405 | $263K |
| Schechter Investment Advisors, LLC | 0.02% | No change | 3,385 | $261K |
| Clarkston Capital Partners, LLC | 0.01% | Reduce -29.8% | 3,300 | $255K |
| NewEdge Wealth, LLC | 0.00% | Reduce -4.4% | 3,261 | $252K |
| Fifth Third Wealth Advisors LLC | 0.01% | Reduce -12.2% | 3,200 | $247K |
| CIBC Asset Management Inc | 0.00% | Add +1.7% | 3,174 | $245K |
| QRG Capital Management, Inc. | 0.00% | New | 3,088 | $238K |
| Rockland Trust Co. | 0.01% | No change | 3,020 | $233K |
| Longboard Asset Management, LP | 0.68% | No change | 2,990 | $231K |
| 1492 Capital Management LLC | 0.12% | No change | 2,973 | $229K |
| HighPoint Advisor Group LLC | 0.01% | Reduce -2.1% | 2,963 | $229K |
| Townsquare Capital LLC | 0.00% | New | 2,963 | $229K |
| NewEdge Advisors, LLC | 0.00% | Reduce -20.3% | 2,870 | $222K |
| Lindbrook Capital, LLC | 0.02% | Add +260.3% | 2,832 | $219K |
| Allie Family Office LLC | 0.12% | New | 2,814 | $217K |
| Central Pacific Bank - Trust Division | 0.03% | Add +20.5% | 2,784 | $215K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Reduce -0.4% | 2,796 | $214K |
| Legacy Capital Wealth Partners, LLC | 0.05% | New | 2,736 | $211K |
| GAMMA Investing LLC | 0.02% | Reduce -6.5% | 2,708 | $209K |
| Covestor Ltd | 0.14% | Add +0.0% | 2,651 | $205K |
| GeoWealth Management, LLC | 0.01% | Add +4.3% | 2,647 | $204K |
| GF Fund Management Co. LTD. | 0.00% | Add +7.2% | 1,961 | $151K |
| Kestra Advisory Services, LLC | 0.00% | New | 1,919 | $148K |
| Kestra Investment Management, LLC | 0.00% | New | 1,896 | $146K |
| Parallel Advisors, LLC | 0.00% | Reduce -34.6% | 1,759 | $136K |
| UMB Bank, n.a. | 0.00% | Add +53.2% | 1,745 | $135K |
| Private Trust Co. NA | 0.01% | Add +1.3% | 1,711 | $132K |
| CI Investments Inc. | 0.00% | Add +1.4% | 1,425 | $110K |
| Smartleaf Asset Management LLC | 0.01% | Add +9.0% | 1,423 | $109K |
| State of Wyoming | 0.01% | Add +8.3% | 1,385 | $107K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -11.8% | 1,232 | $95K |
| Blue Trust, Inc. | 0.00% | Reduce -75.0% | 1,226 | $95K |
| Brown Brothers Harriman & Co. | 0.00% | No change | 1,139 | $88K |
| Quarry LP | 0.02% | Add +52.9% | 1,127 | $87K |
| Wilmington Savings Fund Society, FSB | 0.00% | No change | 1,060 | $82K |
| Principal Securities, Inc. | 0.00% | No change | 1,142 | $80K |
| WASHINGTON TRUST Co | 0.00% | No change | 1,000 | $77K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +1.9% | 915 | $71K |
| Jones Financial Companies LLLP | 0.00% | Add +43.3% | 817 | $63K |
| Sound Income Strategies, LLC | 0.00% | Add +0.5% | 789 | $61K |
| Bessemer Group Inc. | 0.00% | Reduce -10.3% | 669 | $51K |
| Allworth Financial LP | 0.00% | Add +20.0% | 629 | $48K |
| Gables Capital Management Inc. | 0.02% | No change | 600 | $46K |
| Huntington National Bank | 0.00% | Reduce -2.8% | 587 | $45K |
| Larson Financial Group LLC | 0.00% | Add +415.1% | 546 | $42K |
| Versant Capital Management, Inc | 0.01% | Add +26.4% | 531 | $41K |
| Lanark Financial, Inc. | 0.00% | — | 518 | $39K |
| Smithfield Trust Co | 0.00% | No change | 510 | $39K |
| Atticus Wealth Management, LLC | 0.01% | No change | 500 | $39K |
| North Star Investment Management Corp. | 0.00% | No change | 500 | $39K |
| MCF Advisors LLC | 0.00% | Add +0.4% | 482 | $37K |
| Capital Advisors, Ltd. LLC | 0.00% | Add +137.8% | 466 | $36K |
| Headlands Technologies LLC | 0.00% | Reduce -17.2% | 462 | $36K |
| Bernard Wealth Management Corp. | 0.02% | No change | 446 | $34K |
| Wiser Advisor Group LLC | 0.05% | Add +0.9% | 441 | $34K |
| SVB Wealth LLC | 0.00% | New | 426 | $33K |
| Caitong International Asset Management Co., Ltd | 0.02% | Reduce -69.5% | 412 | $32K |
| MAI Capital Management | 0.00% | Add +15.3% | 408 | $31K |
| Aew Capital Management L P | 0.00% | No change | 400 | $31K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +13.9% | 393 | $30K |
| Cullen/Frost Bankers, Inc. | 0.00% | New | 350 | $27K |
| Capital Analysts, LLC | 0.00% | Add +0.6% | 321 | $25K |
| Hantz Financial Services, Inc. | 0.00% | New | 292 | $23K |
| Mather Group, Llc. | 0.00% | Add +33.0% | 242 | $19K |
| Whittier Trust Co. | 0.00% | No change | 227 | $18K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -41.4% | 224 | $17K |
| Arax Advisory Partners | 0.00% | Reduce -73.1% | 219 | $17K |
| Parkside Financial Bank & Trust | 0.00% | Add +93.6% | 213 | $16K |
| Smallwood Wealth Investment Management, LLC | 0.01% | New | 200 | $15K |
| Stephens Consulting, LLC | 0.00% | No change | 200 | $15K |
| Kentucky Trust Co | 0.01% | No change | 172 | $13K |
| Rise Advisors, LLC | 0.01% | Reduce -36.7% | 171 | $13K |
| Clearstead Advisors, LLC | 0.00% | No change | 166 | $13K |
| Optimum Investment Advisors | 0.01% | No change | 150 | $12K |
| Caldwell Trust Co | 0.00% | No change | 150 | $12K |
| Quent Capital, LLC | 0.00% | No change | 129 | $10K |
| Geneos Wealth Management Inc. | 0.00% | Reduce -30.6% | 127 | $10K |
| Brooklyn Investment Group | 0.00% | Add +4100.0% | 126 | $10K |
| Rosenberg Matthew Hamilton | 0.00% | No change | 123 | $9K |
| Physician Wealth Advisors, Inc. | 0.00% | Reduce -42.3% | 109 | $8K |
| Plante Moran Financial Advisors, LLC | 0.00% | No change | 100 | $8K |
| Prestige Wealth Management Group LLC | 0.00% | No change | 92 | $7K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | Add +66.7% | 90 | $7K |
| Salem Investment Counselors Inc. | 0.00% | Add +50.0% | 75 | $6K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -93.8% | 75 | $6K |
| Farmers & Merchants Investments Inc. | 0.00% | Add +82.5% | 73 | $6K |
| Harbour Investments, Inc. | 0.00% | No change | 67 | $5K |
| Clearstead Trust, LLC | 0.00% | New | 66 | $5K |
| Cornerstone Planning Group LLC | 0.00% | New | 65 | $5K |
| High Note Wealth, LLC | 0.00% | No change | 61 | $5K |
| Bell Investment Advisors, Inc | 0.00% | No change | 58 | $4K |
| Roble, Belko & Company, Inc | 0.00% | No change | 47 | $4K |
| Avalon Trust Co | 0.00% | No change | 44 | $3K |
| WPG Advisers, LLC | 0.00% | Add +105.6% | 37 | $3K |
| MJT & Associates Financial Advisory Group, Inc. | 0.00% | — | 30 | $2K |
| NewSquare Capital LLC | 0.00% | Add +22.7% | 27 | $2K |
| Sachetta, LLC | 0.00% | No change | 22 | $2K |
| Private Wealth Management Group, LLC | 0.00% | No change | 22 | $2K |
| True Wealth Design, LLC | 0.00% | New | 17 | $1K |
| Sierra Ocean, LLC | 0.00% | No change | 17 | $1K |
| Provenance Wealth Advisors, LLC | 0.00% | No change | 15 | $1K |
| Highline Wealth Partners LLC | 0.00% | New | 14 | $1K |
| Rialto Wealth Management, LLC | 0.00% | New | 13 | $1K |
| Avion Wealth | 0.00% | No change | 18 | $1K |
| Mountain Hill Investment Partners Corp. | 0.00% | No change | 10 | $803 |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 8 | $618 |
| Blume Capital Management, Inc. | 0.00% | New | 7 | $541 |
| Dunhill Financial, LLC | 0.00% | No change | 6 | $497 |
| First Horizon Advisors, Inc. | 0.00% | No change | 3 | $232 |
| Perkins Coie Trust Co | 0.00% | New | 3 | $231 |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -99.8% | 2 | $141 |
| PSI Advisors, LLC | 0.00% | No change | 1 | $77 |
"% of holder's portfolio" is ADC's weight in each manager's 13F, not the share of Agree Realty Corp. the manager owns.