Agree RealtyADC
13F holders, Q4 2025 (December 31)492holders +13
44new positions
41sold out
9famous investors
$72.04avg. 13F price*
At the end of Q4 2025, 492 institutions reported holding Agree Realty Corp. (ADC) in their 13F filings, up 13 from Q3 2025. 44 opened new positions and 41 sold out. The largest holders were BlackRock, Inc. ($1.2B), Vanguard Group Inc. ($1.1B) and Cohen & Steers, Inc. ($1.0B). 9 famous investors held it, including Joel Greenblatt (0.1% of Gotham Asset Management's portfolio), Israel Englander (0.1% of Millennium Management's portfolio) and Paul Tudor Jones (0.1% of Tudor Investment Corporation's portfolio).
- Company
- Agree Realty Corp.
- CUSIP
- 008492100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 44 | $99.3M |
| Exits | 41 | $141.2M |
All 13F filers, Q3 2025 → Q4 2025: 10,996,790 shares bought and 10,982,538 shares sold, net +14,252 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 492 holders
| BlackRock, Inc. | 0.02% | Add +4.5% | 16,787,396 | $1.2B |
| Vanguard Group Inc. | 0.02% | Add +0.5% | 15,731,141 | $1.1B |
| Cohen & Steers, Inc. | 1.84% | Add +4.8% | 14,094,952 | $1.0B |
| State Street Corp. | 0.01% | Add +1.6% | 5,884,291 | $425.3M |
| Principal Financial Group Inc. | 0.16% | Add +80.8% | 4,293,556 | $309.3M |
| Centersquare Investment Management LLC | 2.35% | Add +13.9% | 3,299,172 | $237.6M |
| JPMorgan Chase & Co. | 0.01% | Add +41.0% | 2,843,441 | $204.8M |
| Geode Capital Management, LLC | 0.01% | Add +4.9% | 2,509,922 | $180.8M |
| Daiwa Securities Group Inc. | 0.53% | Reduce -4.2% | 2,262,991 | $163.0M |
| Two Sigma Advisers, LP | 0.32% | Add +4.3% | 2,258,287 | $162.7M |
| Deutsche Bank AG | 0.05% | Reduce -16.2% | 2,175,773 | $156.7M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +7.3% | 1,955,974 | $140.9M |
| Prudential Financial Inc. | 0.16% | Add +4.6% | 1,793,978 | $129.2M |
| Nomura Asset Management International Inc. | 0.19% | — | 1,779,224 | $128.2M |
| Two Sigma Investments, LP | 0.19% | Reduce -2.0% | 1,690,448 | $121.8M |
| Dimensional Fund Advisors LP | 0.03% | Add +3.5% | 1,682,009 | $121.2M |
| Norges Bank | 0.01% | — | 1,612,027 | $116.1M |
| Millennium Management | 0.08% | Add +13.5% | 1,433,553 | $103.3M |
| Morgan Stanley | 0.01% | Add +10.0% | 1,307,232 | $94.2M |
| Raymond James Financial Inc. | 0.03% | Reduce -2.0% | 1,263,936 | $91.2M |
| Janus Henderson Group PLC | 0.04% | Reduce -9.6% | 1,252,677 | $90.2M |
| Nuveen, LLC | 0.02% | Reduce -19.4% | 1,220,295 | $87.9M |
| Engineers Gate Manager LP | 1.01% | Add +3043.2% | 1,182,229 | $85.2M |
| Northern Trust Corp. | 0.01% | Reduce -33.6% | 1,116,199 | $80.4M |
| PGGM Investments | 1.17% | Reduce -12.1% | 1,027,100 | $74.0M |
| Citadel Advisors | 0.05% | Reduce -39.7% | 991,678 | $71.4M |
| Duff & Phelps Investment Management Co. | 0.78% | Add +14.2% | 957,943 | $69.0M |
| Russell Investments Group, Ltd. | 0.07% | Reduce -25.3% | 947,882 | $68.3M |
| Bank of New York Mellon Corp | 0.01% | Reduce -5.0% | 928,905 | $66.9M |
| Bank of America Corp. | 0.00% | Add +16.9% | 923,081 | $66.5M |
| GW&K Investment Management, LLC | 0.56% | Reduce -7.3% | 906,544 | $65.3M |
| Sei Investments Co. | 0.06% | Add +20.8% | 826,316 | $59.5M |
| Frontier Capital Management Co. LLC | 0.62% | Reduce -12.7% | 806,232 | $58.1M |
| Cincinnati Insurance Co. | 0.87% | No change | 789,500 | $56.9M |
| American Century Companies Inc. | 0.03% | Reduce -0.6% | 788,390 | $56.8M |
| Sumitomo Mitsui Trust Group, Inc. | 0.03% | Add +7.1% | 727,114 | $52.4M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | Reduce -0.7% | 710,056 | $51.1M |
| Legal & General Group Plc | 0.01% | Add +8.8% | 707,930 | $51.0M |
| Lasalle Investment Management Securities LLC | 1.95% | Add +6.2% | 674,524 | $48.6M |
| Freestone Grove Partners LP | 0.33% | Add +117.3% | 635,736 | $45.8M |
| Balyasny Asset Management L.P. | 0.09% | Reduce -61.1% | 633,227 | $45.6M |
| Voloridge Investment Management, LLC | 0.16% | Add +5.0% | 624,943 | $45.0M |
| Bahl & Gaynor LLC | 0.22% | Reduce -1.0% | 598,399 | $43.1M |
| Alyeska Investment Group, L.P. | 0.12% | Reduce -30.0% | 586,091 | $42.2M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.06% | Add +9.9% | 508,574 | $36.8M |
| Invesco Ltd. | 0.00% | Add +11.0% | 468,934 | $33.8M |
| Goldman Sachs Group Inc. | 0.00% | Add +82.3% | 451,139 | $32.5M |
| Adelante Capital Management LLC | 2.13% | Reduce -0.7% | 438,415 | $31.6M |
| Leeward Investments, LLC - MA | 1.48% | Reduce -2.4% | 404,859 | $29.2M |
| Fort Washington Investment Advisors Inc. | 0.15% | Add +3.5% | 388,843 | $28.0M |
| Holocene Advisors, LP | 0.06% | New | 387,093 | $27.9M |
| Gotham Asset Management | 0.10% | Add +130.6% | 364,533 | $26.3M |
| Thrivent Financial for Lutherans | 0.05% | Add +3.4% | 354,570 | $25.5M |
| Wells Fargo & Company | 0.01% | Reduce -0.2% | 353,367 | $25.5M |
| Heitman Real Estate Securities LLC | 1.79% | Add +362.1% | 352,980 | $25.4M |
| William Blair Investment Management, LLC | 0.07% | Reduce -6.7% | 352,710 | $25.4M |
| Neuberger Berman Group LLC | 0.02% | Reduce -0.6% | 335,483 | $24.2M |
| Systematic Financial Management LP | 0.55% | Add +0.1% | 325,747 | $23.5M |
| AQR Capital Management | 0.01% | Reduce -7.1% | 325,082 | $23.4M |
| Rhumbline Advisers | 0.02% | Add +2.1% | 324,480 | $23.4M |
| HRT Financial LP | 0.07% | Reduce -16.6% | 323,065 | $23.3M |
| Allspring Global Investments Holdings, LLC | 0.04% | Reduce -47.4% | 320,172 | $23.1M |
| Loomis Sayles & Co. L P | 0.03% | Add +1.8% | 316,106 | $22.8M |
| Envestnet Asset Management Inc. | 0.01% | Reduce -4.0% | 306,328 | $22.1M |
| APG Asset Management US Inc. | 0.17% | Reduce -30.5% | 302,697 | $21.8M |
| UBS Group AG | 0.00% | Add +28.9% | 302,257 | $21.8M |
| Sophron Capital Management L.P. | 6.99% | Reduce -5.4% | 301,782 | $21.7M |
| State of New Jersey Common Pension Fund D | 0.08% | Add +0.1% | 301,132 | $21.7M |
| Lighthouse Investment Partners, LLC | 0.72% | Add +43.1% | 300,470 | $21.6M |
| California Public Employees Retirement System | 0.01% | Reduce -18.6% | 300,308 | $21.6M |
| Apollo Management Holdings, L.P. | 0.25% | New | 298,880 | $21.5M |
| HSBC Holdings PLC | 0.01% | Add +25.5% | 295,693 | $21.3M |
| Public Employees Retirement System of Ohio | 0.06% | Reduce -1.0% | 265,134 | $19.1M |
| LMR Partners LLP | 0.24% | New | 261,995 | $18.9M |
| CANADA LIFE ASSURANCE Co | 0.03% | Reduce -0.3% | 250,203 | $18.0M |
| STRS Ohio | 0.06% | Add +20.6% | 234,613 | $16.9M |
| Aristotle Capital Boston, LLC | 0.88% | Reduce -9.8% | 221,606 | $16.0M |
| Ameriprise Financial Inc. | 0.00% | Add +12.3% | 221,199 | $15.9M |
| Cander Asset Management LP | 2.91% | — | 218,620 | $15.7M |
| Swiss National Bank | 0.01% | Reduce -1.7% | 218,282 | $15.7M |
| Barclays PLC | 0.01% | Reduce -7.4% | 213,289 | $15.4M |
| Asset Management One Co., Ltd. | 0.04% | Add +0.4% | 210,099 | $15.2M |
| State of Wisconsin Investment Board | 0.03% | Add +1.8% | 202,315 | $14.6M |
| Impax Asset Management Group plc | 0.09% | No change | 200,000 | $14.4M |
| Alliancebernstein L.P. | 0.00% | Add +15.9% | 176,734 | $12.7M |
| Hazelview Securities Inc. | 2.43% | Reduce -24.9% | 175,224 | $12.6M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.07% | Add +7.7% | 172,678 | $12.4M |
| Ceredex Value Advisors LLC | 0.37% | Reduce -1.2% | 172,500 | $12.4M |
| Nomura Asset Management Co. Ltd. | 0.03% | Add +7.0% | 171,500 | $12.4M |
| Creative Planning | 0.01% | Add +39.0% | 166,458 | $12.0M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.01% | Add +508.7% | 162,975 | $11.7M |
| Clearbridge Investments, LLC | 0.01% | Reduce -1.1% | 159,515 | $11.5M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.03% | Reduce -45.2% | 153,667 | $11.1M |
| BNP Paribas Financial Markets | 0.01% | Add +12.7% | 151,476 | $10.9M |
| D. E. Shaw & Co. | 0.01% | Reduce -39.3% | 151,241 | $10.9M |
| Point72 Asset Management | 0.02% | Add +867.1% | 149,183 | $10.7M |
| Susquehanna Portfolio Strategies, LLC | 0.17% | Add +140.0% | 148,832 | $10.7M |
| Royal Bank of Canada | 0.00% | Reduce -30.1% | 146,909 | $10.6M |
| Citigroup Inc. | 0.01% | Reduce -13.1% | 141,808 | $10.2M |
| Franklin Resources Inc. | 0.00% | Add +9.9% | 138,462 | $10.0M |
| Retirement Systems of Alabama | 0.03% | Add +3.1% | 137,707 | $9.9M |
| Mitsubishi UFJ Trust & Banking Corp | 0.02% | Reduce -5.6% | 134,805 | $9.7M |
| LMCG Investments, LLC | 0.53% | Add +20.6% | 128,349 | $9.2M |
| Uniplan Investment Counsel, Inc. | 0.94% | Reduce -2.5% | 125,613 | $9.0M |
| Tudor Investment Corporation | 0.05% | Reduce -72.3% | 123,035 | $8.9M |
| Schonfeld Strategic Advisors LLC | 0.04% | New | 117,368 | $8.5M |
| Natixis Advisors, LLC | 0.01% | Reduce -3.5% | 117,207 | $8.4M |
| Quantbot Technologies LP | 0.28% | Reduce -20.5% | 116,417 | $8.4M |
| New York State Teachers Retirement System | 0.02% | Reduce -0.6% | 113,969 | $8.2M |
| Allianz Asset Management GmbH | 0.01% | Reduce -0.4% | 106,446 | $7.7M |
| California State Teachers Retirement System | 0.01% | Reduce -3.6% | 105,065 | $7.6M |
| Phocas Financial Corp. | 0.95% | Reduce -0.2% | 100,932 | $7.3M |
| Ibex Wealth Advisors | 0.70% | Reduce -0.3% | 99,185 | $7.1M |
| Aptus Capital Advisors, LLC | 0.06% | Add +0.4% | 91,561 | $6.6M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -66.7% | 90,599 | $6.5M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Add +8.2% | 90,163 | $6.5M |
| Manufacturers Life Insurance Company, The | 0.01% | Add +0.9% | 88,173 | $6.4M |
| OVERSEA-CHINESE BANKING Corp Ltd | 0.17% | Reduce -9.9% | 86,309 | $6.2M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.01% | Reduce -3.6% | 84,874 | $6.1M |
| LPL Financial LLC | 0.00% | Add +9.3% | 75,702 | $5.5M |
| Baron Capital (BAMCO) | 0.01% | No change | 74,128 | $5.3M |
| New York State Common Retirement Fund | 0.01% | Reduce -0.1% | 73,814 | $5.3M |
| Liberty One Investment Management, LLC | 0.67% | Reduce -53.2% | 72,647 | $5.2M |
| Qube Research & Technologies Ltd | 0.01% | Reduce -70.8% | 70,148 | $5.1M |
| New Age Alpha Advisors, LLC | 0.22% | Reduce -12.4% | 69,957 | $5.0M |
| Dark Forest Capital Management LP | 0.22% | Add +168.8% | 68,335 | $4.9M |
| State of Alaska, Department of Revenue | 0.05% | Add +3.5% | 67,343 | $4.8M |
| CoreCap Advisors, LLC | 0.17% | Add +25.1% | 66,383 | $4.8M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.02% | Add +2.9% | 65,699 | $4.7M |
| Quantinno Capital Management LP | 0.01% | Add +49.4% | 62,493 | $4.5M |
| Macquarie Group Ltd. | 0.02% | Reduce -96.9% | 61,329 | $4.4M |
| Wellington Management Group LLP | 0.00% | Reduce -3.8% | 60,204 | $4.3M |
| Amundi | 0.00% | Add +9.7% | 60,186 | $4.3M |
| MetLife Investment Management, LLC | 0.02% | Reduce -1.0% | 59,230 | $4.3M |
| Great Lakes Advisors, LLC | 0.03% | Reduce -0.2% | 58,272 | $4.2M |
| Van Eck Associates Corp. | 0.00% | Add +7.7% | 58,224 | $4.2M |
| Cibc World Markets Corp. | 0.02% | — | 56,630 | $4.1M |
| DekaBank Deutsche Girozentrale | 0.01% | No change | 63,542 | $4.0M |
| Vision Capital Corp | 2.16% | New | 54,428 | $3.9M |
| Graham Capital Management, L.P. | 0.19% | Add +161.9% | 54,346 | $3.9M |
| Cetera Investment Advisers | 0.00% | Reduce -10.7% | 52,149 | $3.8M |
| Verition Fund Management LLC | 0.02% | Reduce -1.0% | 50,900 | $3.7M |
| Amalgamated Bank | 0.03% | Reduce -0.6% | 50,217 | $3.6M |
| AlphaQuest LLC | 0.20% | Add +1832.4% | 49,856 | $3.6M |
| Voya Investment Management LLC | 0.00% | Add +38.6% | 48,663 | $3.5M |
| Resona Asset Management Co.,Ltd. | 0.02% | Reduce -1.2% | 48,158 | $3.5M |
| Police & Firemen's Retirement System of New Jersey | 0.03% | Add +1.4% | 48,165 | $3.5M |
| Fisher Asset Management | 0.00% | Add +0.2% | 48,090 | $3.5M |
| Mutual of America Capital Management LLC | 0.04% | Reduce -6.4% | 47,751 | $3.4M |
| Treasurer of the State of North Carolina | 0.01% | Reduce -2.6% | 47,377 | $3.4M |
| Exchange Traded Concepts, LLC | 0.03% | Reduce -45.2% | 46,704 | $3.4M |
| Aberdeen Group plc | 0.01% | Add +24.3% | 45,976 | $3.3M |
| State of Tennessee, Department of Treasury | 0.01% | Reduce -4.1% | 45,564 | $3.3M |
| Community Trust & Investment Co. | 0.17% | Reduce -2.3% | 44,821 | $3.2M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +221.5% | 44,739 | $3.2M |
| Caxton Associates LLP | 0.06% | Add +37.1% | 43,060 | $3.1M |
| Agf Management Ltd. | 0.01% | Reduce -12.0% | 40,168 | $2.9M |
| Cerity Partners LLC | 0.00% | Reduce -0.3% | 40,158 | $2.9M |
| Yousif Capital Management, LLC | 0.03% | Add +2.3% | 39,094 | $2.9M |
| Community Bank of Raymore | 1.95% | No change | 39,715 | $2.9M |
| State Board of Administration of Florida Retirement System | 0.01% | Add +2.6% | 39,042 | $2.8M |
| Presima Securities ULC | 1.59% | Add +0.6% | 38,203 | $2.8M |
| Jump Financial, LLC | 0.04% | Add +9.9% | 37,821 | $2.7M |
| Blue Chip Partners, LLC | 0.20% | Add +0.8% | 37,560 | $2.7M |
| Pathstone Holdings, LLC | 0.01% | Add +3.4% | 36,575 | $2.6M |
| Greenland Capital Management LP | 0.41% | Reduce -74.1% | 36,435 | $2.6M |
| M&T Bank Corp | 0.01% | Add +29.5% | 36,212 | $2.6M |
| FJ Capital Management LLC | 0.29% | Add +29.5% | 35,873 | $2.6M |
| Stifel Financial Corp. | 0.00% | Reduce -4.9% | 34,752 | $2.5M |
| Brookfield Corp | 0.00% | New | 34,417 | $2.5M |
| Worldquant Millennium Advisors LLC | 0.01% | Add +107.0% | 33,882 | $2.4M |
| Teachers Retirement System of the State of Kentucky | 0.02% | No change | 33,531 | $2.4M |
| Orion Porfolio Solutions, LLC | 0.02% | Reduce -1.3% | 33,429 | $2.4M |
| Squarepoint Ops LLC | 0.00% | Reduce -17.1% | 33,135 | $2.4M |
| Atom Investors LP | 0.19% | Reduce -2.1% | 32,830 | $2.4M |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.02% | Add +18.4% | 32,070 | $2.3M |
| Louisiana State Employees Retirement System | 0.04% | Add +2.9% | 31,700 | $2.3M |
| Vestmark Advisory Solutions, Inc. | 0.03% | Add +332.8% | 31,116 | $2.2M |
| Arizona State Retirement System | 0.01% | Reduce -8.5% | 31,021 | $2.2M |
| Oak Thistle LLC | 0.31% | Add +757.6% | 30,694 | $2.2M |
| Entropy Technologies, LP | 0.12% | New | 29,663 | $2.1M |
| KLP Kapitalforvaltning As | 0.01% | Reduce -0.7% | 28,900 | $2.1M |
| Elevation Point Wealth Partners, LLC | 0.10% | Add +3.8% | 28,488 | $2.1M |
| FMR LLC | 0.00% | Add +11.0% | 28,196 | $2.0M |
| E. Ohman J:or Asset Management AB | 0.05% | No change | 27,883 | $2.0M |
| Handelsbanken Fonder AB | 0.01% | No change | 27,537 | $2.0M |
| Dana Investment Advisors, Inc. | 0.06% | Add +1.1% | 27,385 | $2.0M |
| Town & Country Bank & Trust CO dba First Bankers Trust CO | 0.66% | Add +2.0% | 27,199 | $2.0M |
| Metis Global Partners, LLC | 0.05% | Add +9.6% | 27,139 | $2.0M |
| State of Michigan Retirement System | 0.01% | Add +3.0% | 27,100 | $2.0M |
| Northwestern Mutual Investment Management Company, LLC | 0.02% | Add +4.3% | 25,672 | $1.8M |
| First Trust Advisors LP | 0.00% | Reduce -20.2% | 24,446 | $1.8M |
| Motley Fool Asset Management LLC | 0.07% | Reduce -10.3% | 24,380 | $1.8M |
| HighTower Advisors, LLC | 0.00% | Add +12.5% | 24,312 | $1.8M |
| Schroder Investment Management Group | 0.00% | Reduce -92.7% | 23,867 | $1.7M |
| Citizens National Bank Trust Department | 0.30% | Add +1.1% | 23,879 | $1.7M |
| Landscape Capital Management, L.L.C. | 0.11% | New | 23,737 | $1.7M |
| New Mexico Educational Retirement Board | 0.05% | Add +13.5% | 23,500 | $1.7M |
| UniSuper Management Pty Ltd | 0.01% | Reduce -23.7% | 23,500 | $1.7M |
| Brevan Howard Capital Management LP | 0.03% | Reduce -52.9% | 23,059 | $1.7M |
| Oregon Public Employees Retirement Fund | 0.02% | Add +3.1% | 22,954 | $1.7M |
| First National Bank of Omaha | 0.05% | Reduce -0.9% | 22,806 | $1.6M |
| Redmond Asset Management, LLC | 0.41% | Add +0.3% | 22,511 | $1.6M |
| Assetmark, Inc. | 0.00% | Reduce -5.1% | 21,488 | $1.5M |
| Jefferies Financial Group Inc. | 0.01% | New | 21,454 | $1.5M |
| Knights of Columbus Asset Advisors LLC | 0.09% | New | 21,286 | $1.5M |
| Westpac Banking Corp. | 0.10% | New | 21,050 | $1.5M |
| Ameritas Investment Partners, Inc. | 0.05% | Add +1.6% | 21,028 | $1.5M |
| Pathway Financial Advisers, LLC | 0.44% | Add +0.3% | 21,007 | $1.5M |
| Harvest Portfolios Group Inc. | 0.03% | Reduce -21.9% | 20,670 | $1.5M |
| Truist Financial Corp. | 0.00% | Reduce -58.5% | 20,320 | $1.5M |
| Moran Wealth Management, LLC | 0.04% | Add +5.5% | 19,938 | $1.4M |
| Bank of Montreal | 0.00% | Reduce -20.4% | 19,820 | $1.4M |
| Agp Franklin, LLC | 0.66% | Reduce -0.3% | 19,617 | $1.4M |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Reduce -5.9% | 19,510 | $1.4M |
| Atria Investments, Inc | 0.02% | Reduce -11.8% | 19,484 | $1.4M |
| Foresight Group Ltd Liability Partnership | 0.21% | Add +13.9% | 19,212 | $1.4M |
| Susquehanna Fundamental Investments, LLC | 0.05% | No change | 18,981 | $1.4M |
| Quadrant Capital Group LLC | 0.04% | Add +17.4% | 18,742 | $1.4M |
| Lazard Asset Management LLC | 0.00% | Reduce -5.0% | 18,735 | $1.3M |
| Pasadena Private Wealth, LLC | 0.19% | New | 18,735 | $1.3M |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +7.8% | 18,714 | $1.3M |
| IFM Investors Pty Ltd | 0.01% | Add +4.5% | 18,430 | $1.3M |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +25.6% | 17,771 | $1.3M |
| Nissay Asset Management Corp. /Japan | 0.01% | Add +5.7% | 17,520 | $1.3M |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -19.5% | 17,283 | $1.3M |
| CPC Advisors, LLC | 0.13% | Add +9.8% | 17,339 | $1.2M |
| Vanderbilt University | 0.21% | Add +126.8% | 16,964 | $1.2M |
| Marshall Wace, LLP | 0.00% | New | 16,836 | $1.2M |
| Victory Capital Management Inc. | 0.00% | Reduce -86.3% | 16,777 | $1.2M |
| Cincinnati Specialty Underwriters Insurance CO | 0.27% | No change | 16,500 | $1.2M |
| Vise Technologies, Inc. | 0.02% | New | 16,445 | $1.2M |
| Parr McKnight Wealth Management Group, LLC | 0.15% | Reduce -10.2% | 16,283 | $1.2M |
| Pictet Asset Management Holding SA | 0.00% | Reduce -3.6% | 16,255 | $1.2M |
| UMB Bank, n.a. | 0.02% | Add +674.2% | 16,034 | $1.2M |
| Gsa Capital Partners LLP | 0.10% | Reduce -15.3% | 15,592 | $1.1M |
| XTX Topco Ltd | 0.03% | New | 14,983 | $1.1M |
| Motley Fool Wealth Management, LLC | 0.08% | Reduce -16.5% | 14,818 | $1.1M |
| NEOS Investment Management LLC | 0.01% | Add +42.8% | 14,675 | $1.1M |
| PNC Financial Services Group, Inc. | 0.00% | Add +0.2% | 14,576 | $1.0M |
| Bridgefront Capital, LLC | 0.26% | Reduce -28.9% | 14,096 | $1.0M |
| Keybank National Association | 0.00% | Reduce -2.5% | 14,090 | $1.0M |
| Azzad Asset Management Inc. | 0.10% | Add +2.7% | 14,045 | $1.0M |
| Armistice Capital, LLC | 0.02% | Add +40.1% | 14,012 | $1.0M |
| Ethic Inc. | 0.02% | Add +6.5% | 13,632 | $982K |
| Pacer Advisors, Inc. | 0.00% | Reduce -36.5% | 13,479 | $971K |
| Algert Global LLC | 0.01% | New | 13,390 | $964K |
| James Investment Research, Inc. | 0.10% | No change | 13,291 | $957K |
| US Bancorp \de | 0.00% | Add +5.8% | 12,550 | $904K |
| Signaturefd, LLC | 0.01% | Add +9.1% | 12,167 | $876K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +62.9% | 12,052 | $868K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +65.0% | 11,982 | $863K |
| Mercer Global Advisors Inc. | 0.00% | Add +34.7% | 11,950 | $861K |
| Intrust Bank NA | 0.07% | Reduce -1.5% | 11,688 | $842K |
| SG Americas Securities, LLC | 0.00% | Add +37.4% | 11,635 | $838K |
| Silvercrest Asset Management Group LLC | 0.01% | No change | 11,162 | $804K |
| Applied Capital LLC | 0.55% | No change | 11,147 | $803K |
| Easterly Investment Partners LLC | 0.05% | Reduce -92.7% | 11,122 | $801K |
| Gilman Hill Asset Management, LLC | 0.12% | No change | 10,890 | $784K |
| Federated Hermes, Inc. | 0.00% | Reduce -4.1% | 10,641 | $766K |
| Xponance LLC | 0.01% | Reduce -13.4% | 10,559 | $761K |
| Tributary Capital Management, LLC | 0.07% | Reduce -1.9% | 10,467 | $754K |
| Callodine Capital Management, LP | 0.06% | No change | 10,000 | $720K |
| &partners | 0.00% | Reduce -2.0% | 9,761 | $703K |
| Allstate Corp. | 0.01% | Add +9.2% | 9,563 | $689K |
| 1620 Investment Advisors, Inc. | 0.46% | Add +0.2% | 9,483 | $683K |
| Harbour Investments, Inc. | 0.01% | Add +13885.1% | 9,370 | $675K |
| Texas Yale Capital Corp. | 0.02% | No change | 9,195 | $662K |
| Boothbay Fund Management, LLC | 0.02% | Add +79.7% | 9,071 | $653K |
| Schnieders Capital Management, Llc. | 0.10% | No change | 8,951 | $645K |
| Advisors Asset Management, Inc. | 0.01% | Reduce -0.3% | 8,889 | $640K |
| Commonwealth Equity Services, LLC | 0.00% | Add +6.6% | 8,747 | $630K |
| Capital Square, LLC | 0.32% | Reduce -7.7% | 8,744 | $630K |
| Ethos Financial Group, LLC | 0.05% | Reduce -3.4% | 8,530 | $614K |
| Tower Research Capital LLC (TRC) | 0.01% | Add +34.4% | 8,464 | $610K |
| Securian Asset Management, Inc. | 0.02% | Add +1.1% | 8,362 | $602K |
| Osaic Holdings, Inc. | 0.00% | Reduce -12.9% | 8,332 | $600K |
| Crossmark Global Holdings, Inc. | 0.01% | Add +1.3% | 8,168 | $588K |
| Spirit of America Management Corp. | 0.12% | No change | 8,100 | $583K |
| Cambria Investment Management, L.P. | 0.03% | Add +0.1% | 8,053 | $580K |
| CSU Producer Resources, Inc. | 1.72% | No change | 8,000 | $576K |
| Invst, LLC | 0.06% | Reduce -15.5% | 7,943 | $572K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 7,909 | $570K |
| Virtus Advisers, LLC | 0.27% | No change | 7,815 | $563K |
| Summit Trail Advisors, LLC | 0.01% | Reduce -14.4% | 7,743 | $560K |
| Captrust Financial Advisors | 0.00% | Reduce -0.7% | 7,641 | $550K |
| Sterling Capital Management LLC | 0.01% | Reduce -0.1% | 7,523 | $542K |
| Mariner, LLC | 0.00% | Reduce -45.4% | 7,506 | $541K |
| GeoWealth Management, LLC | 0.02% | Add +26.4% | 7,392 | $532K |
| MML Investors Services, LLC | 0.00% | Add +11.1% | 7,344 | $529K |
| Garden State Investment Advisory Services LLC | 0.13% | No change | 7,329 | $528K |
| Corient Private Wealth LP | 0.00% | Add +25.0% | 7,298 | $526K |
| Journey Strategic Wealth LLC | 0.01% | Reduce -11.6% | 7,265 | $523K |
| Ascentis Independent Advisors | 0.08% | Add +3.5% | 7,200 | $519K |
| DoubleLine ETF Adviser LP | 0.15% | Add +4.3% | 7,138 | $514K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -68.8% | 7,138 | $514K |
| J. Derek Lewis & Associates Inc. | 0.12% | — | 6,900 | $497K |
| Fifth Third Bancorp | 0.00% | Add +2.7% | 6,778 | $488K |
| Aster Capital Management (DIFC) Ltd | 0.21% | Add +3519.8% | 6,769 | $488K |
| Fairtree Asset Management (Pty) Ltd | 0.22% | No change | 6,676 | $481K |
| Koshinski Asset Management, Inc. | 0.03% | No change | 6,661 | $480K |
| Wealthspire Advisors, LLC | 0.00% | Add +75.3% | 6,544 | $471K |
| Park Avenue Securities LLC | 0.00% | Add +2.1% | 6,320 | $455K |
| Vident Advisory, LLC | 0.00% | Reduce -20.8% | 6,220 | $448K |
| Tidal Investments LLC | 0.00% | Reduce -27.0% | 6,145 | $443K |
| Total Wealth Planning & Management, Inc. | 0.35% | — | 6,075 | $438K |
| Susquehanna International Group, LLP | 0.00% | Add +7.9% | 6,062 | $437K |
| Atlantic Union Bankshares Corp | 0.01% | Reduce -1.6% | 6,040 | $435K |
| Utah Retirement Systems | 0.00% | Add +4.8% | 5,999 | $432K |
| Evergreen Capital Management LLC | 0.01% | Add +2.7% | 5,946 | $430K |
| Trust Co. of Toledo NA | 0.04% | No change | 5,863 | $422K |
| Commerce Bank | 0.00% | Reduce -1.1% | 5,824 | $420K |
| First National Advisers, LLC | 0.06% | Reduce -4.5% | 5,771 | $416K |
| Janney Montgomery Scott LLC | 0.00% | Reduce -33.7% | 5,758 | $415K |
| Coldstream Capital Management Inc. | 0.01% | Add +17.5% | 5,745 | $414K |
| GWN Securities Inc. | 0.08% | Add +12.4% | 5,611 | $404K |
| Maryland State Retirement & Pension System | 0.01% | Add +12.0% | 5,594 | $403K |
| Integrated Investment Consultants, LLC | 0.08% | Reduce -2.4% | 5,579 | $402K |
| Sage Investment Counsel LLC | 0.44% | Add +8.4% | 5,552 | $400K |
| Gallagher Fiduciary Advisors, LLC | 0.01% | Reduce -3.2% | 5,444 | $392K |
| Trust Point Inc. | 0.03% | Reduce -5.1% | 5,423 | $391K |
| Bank of Nova Scotia | 0.00% | Reduce -93.7% | 5,404 | $389K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +9.9% | 5,353 | $386K |
| Norinchukin Bank, The | 0.00% | Add +0.6% | 5,251 | $378K |
| Spire Wealth Management | 0.01% | Reduce -5.4% | 5,240 | $377K |
| Swiss Life Asset Management Ltd | 0.00% | Reduce -1.2% | 5,169 | $372K |
| Cwm, LLC | 0.00% | Add +1.9% | 5,090 | $367K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -18.5% | 5,050 | $364K |
| J.W. Cole Advisors, Inc. | 0.01% | Reduce -4.2% | 5,102 | $360K |
| EP Wealth Advisors, LLC | 0.00% | — | 4,897 | $353K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Add +4.8% | 4,881 | $352K |
| Parallel Advisors, LLC | 0.01% | Add +85.8% | 4,853 | $350K |
| Clarkston Capital Partners, LLC | 0.01% | No change | 4,700 | $339K |
| Greenleaf Trust | 0.00% | Reduce -5.2% | 4,699 | $338K |
| Baird Financial Group, Inc. | 0.00% | Add +2.5% | 4,689 | $338K |
| ProShare Advisors LLC | 0.00% | Reduce -2.1% | 4,601 | $331K |
| Gen-Wealth Partners Inc | 0.10% | Add +12.2% | 4,490 | $323K |
| Cornercap Investment Counsel Inc. | 0.15% | Reduce -1.3% | 4,255 | $306K |
| Compound Planning, Inc. | 0.01% | Add +18.2% | 4,177 | $301K |
| QRG Capital Management, Inc. | 0.00% | Add +21.5% | 4,126 | $297K |
| Brooklyn Investment Group | 0.01% | New | 4,076 | $296K |
| Hantz Financial Services, Inc. | 0.00% | Add +58.5% | 4,022 | $290K |
| Bailard, Inc. | 0.01% | No change | 3,890 | $280K |
| GAMMA Investing LLC | 0.01% | Add +21.9% | 3,883 | $280K |
| NewEdge Wealth, LLC | 0.00% | Add +0.8% | 3,836 | $276K |
| North Dakota State Investment Board | 0.01% | — | 3,826 | $276K |
| Shelton Capital Management | 0.01% | No change | 3,709 | $267K |
| Teacher Retirement System of Texas | 0.00% | Reduce -80.8% | 3,686 | $266K |
| Arax Advisory Partners | 0.01% | Reduce -31.4% | 3,635 | $262K |
| Pure Financial Advisors, LLC | 0.00% | New | 3,383 | $244K |
| Focus Partners Wealth | 0.00% | Reduce -24.8% | 3,371 | $243K |
| Wealth Quarterback LLC | 0.09% | Add +13.4% | 3,358 | $242K |
| Brucke Financial, Inc. | 0.13% | New | 3,326 | $240K |
| Fiduciary Trust Co | 0.00% | Reduce -40.1% | 3,287 | $237K |
| Regions Financial Corp. | 0.00% | Add +1.8% | 3,279 | $236K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +29.0% | 3,235 | $233K |
| KBC Group NV | 0.00% | No change | 3,204 | $231K |
| CIBC Asset Management Inc | 0.00% | No change | 3,174 | $229K |
| OneDigital Investment Advisors LLC | 0.00% | Reduce -10.1% | 3,045 | $219K |
| HighPoint Advisor Group LLC | 0.00% | Reduce -3.8% | 3,041 | $219K |
| 1492 Capital Management LLC | 0.08% | No change | 2,973 | $214K |
| DRW Securities, LLC | 0.02% | Reduce -58.8% | 2,951 | $213K |
| Cullen Capital Management, LLC | 0.00% | No change | 2,950 | $212K |
| Private Advisor Group, LLC | 0.00% | New | 2,925 | $211K |
| Fifth Third Wealth Advisors LLC | 0.01% | Add +0.2% | 2,884 | $208K |
| United Capital Financial Advisors, LLC | 0.00% | Reduce -6.4% | 2,865 | $206K |
| Allie Family Office LLC | 0.09% | New | 2,814 | $203K |
| Global Retirement Partners, LLC | 0.00% | Add +424.4% | 2,774 | $200K |
| Central Pacific Bank - Trust Division | 0.02% | Reduce -6.9% | 2,704 | $195K |
| Canada Pension Plan Investment Board | 0.00% | New | 2,700 | $194K |
| Harvest Fund Management Co., Ltd | 0.01% | No change | 2,369 | $171K |
| Virtus Investment Advisers, LLC | 0.04% | New | 2,248 | $162K |
| FIL Ltd | 0.00% | Reduce -23.1% | 1,873 | $135K |
| GF Fund Management Co. LTD. | 0.00% | Reduce -4.1% | 1,834 | $132K |
| Larson Financial Group LLC | 0.00% | Add +5.2% | 1,804 | $130K |
| Rockefeller Capital Management L.P. | 0.00% | Add +4.3% | 1,666 | $120K |
| Smartleaf Asset Management LLC | 0.00% | Add +19.1% | 1,629 | $119K |
| Quarry LP | 0.02% | Add +527.1% | 1,599 | $115K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -2.7% | 1,560 | $112K |
| Private Trust Co. NA | 0.01% | Reduce -12.2% | 1,469 | $106K |
| Jones Financial Companies LLLP | 0.00% | Add +25.9% | 1,465 | $106K |
| Blue Trust, Inc. | 0.00% | Reduce -5.3% | 1,379 | $99K |
| Farther Finance Advisors, LLC | 0.00% | Add +66.0% | 1,358 | $98K |
| Horizon Investments, LLC | 0.00% | New | 1,236 | $89K |
| MAI Capital Management | 0.00% | Add +120.4% | 1,234 | $89K |
| Pinnacle Wealth Planning Services, Inc. | 0.01% | New | 1,145 | $82K |
| Brown Brothers Harriman & Co. | 0.00% | Reduce -3.4% | 1,139 | $82K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -2.8% | 1,108 | $80K |
| Danske Bank A/S | 0.00% | Add +22.2% | 1,100 | $79K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -23.8% | 989 | $71K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Reduce -0.7% | 985 | $71K |
| Wilmington Savings Fund Society, FSB | 0.00% | No change | 950 | $68K |
| Versant Capital Management, Inc | 0.01% | Add +12.9% | 875 | $63K |
| IFP Advisors, Inc | 0.00% | Reduce -27.0% | 810 | $58K |
| Sound Income Strategies, LLC | 0.00% | Add +2.2% | 758 | $55K |
| Allworth Financial LP | 0.00% | Reduce -31.7% | 750 | $54K |
| Pension & Wealth Management Advisors, Inc. | 0.01% | New | 700 | $50K |
| Covestor Ltd | 0.03% | Reduce -34.5% | 683 | $49K |
| Bessemer Group Inc. | 0.00% | Add +19.8% | 629 | $45K |
| Gables Capital Management Inc. | 0.02% | No change | 600 | $43K |
| Huntington National Bank | 0.00% | Reduce -4.3% | 593 | $43K |
| MCF Advisors LLC | 0.00% | Add +17.7% | 573 | $41K |
| Ancora Advisors LLC | 0.00% | New | 552 | $40K |
| Transamerica Financial Advisors, LLC | 0.00% | Add +214.4% | 547 | $40K |
| Capital Advisors, Ltd. LLC | 0.00% | Add +178.6% | 546 | $39K |
| Smithfield Trust Co | 0.00% | No change | 510 | $37K |
| North Star Investment Management Corp. | 0.00% | No change | 500 | $36K |
| Creative Financial Designs Inc. | 0.00% | Add +71.1% | 462 | $33K |
| Clearstead Advisors, LLC | 0.00% | Add +163.8% | 459 | $33K |
| Wiser Advisor Group LLC | 0.04% | Add +0.9% | 455 | $33K |
| Westside Investment Management, Inc. | 0.01% | No change | 430 | $31K |
| Bernard Wealth Management Corp. | 0.01% | No change | 423 | $30K |
| Lanark Financial, Inc. | 0.00% | No change | 412 | $30K |
| Group One Trading LLC | 0.00% | Reduce -93.1% | 389 | $28K |
| Wellington-Altus USA Inc. | 0.02% | — | 381 | $27K |
| Clearstead Trust, LLC | 0.00% | Add +192.1% | 368 | $27K |
| Parkside Financial Bank & Trust | 0.00% | Add +27.3% | 364 | $26K |
| T. Rowe Price Investment Management, Inc. | 0.00% | Add +3.6% | 347 | $25K |
| Simplex Trading, LLC | 0.00% | New | 345 | $25K |
| Capital Analysts, LLC | 0.00% | Add +0.6% | 327 | $24K |
| Garton & Associates Financial Advisors LLC | 0.01% | — | 303 | $22K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | No change | 277 | $20K |
| Whittier Trust Co. | 0.00% | No change | 227 | $16K |
| Quent Capital, LLC | 0.00% | Reduce -16.0% | 220 | $16K |
| SageView Advisory Group, LLC | 0.00% | New | 213 | $15K |
| Eastern Bank | 0.00% | Add +16.2% | 208 | $15K |
| Smallwood Wealth Investment Management, LLC | 0.01% | No change | 200 | $14K |
| Stephens Consulting, LLC | 0.00% | No change | 200 | $14K |
| Keating Financial Advisory Services, Inc. | 0.00% | — | 186 | $13K |
| Kentucky Trust Co | 0.01% | No change | 172 | $12K |
| Elevation Wealth Partners, LLC | 0.00% | New | 165 | $12K |
| Caldwell Trust Co | 0.00% | No change | 150 | $11K |
| CIBC Private Wealth Group LLC | 0.00% | Add +2900.0% | 150 | $11K |
| Physician Wealth Advisors, Inc. | 0.00% | Add +10.4% | 149 | $11K |
| Rosenberg Matthew Hamilton | 0.00% | No change | 123 | $9K |
| Itau Unibanco Holding S.A. | 0.00% | Add +6.1% | 121 | $9K |
| Tucker Asset Management LLC | 0.00% | New | 116 | $8K |
| Fortitude Family Office, LLC | 0.00% | Add +379.2% | 115 | $8K |
| Basecamp Wealth Advisors LLC | 0.00% | — | 112 | $8K |
| DV Trading LLC | 0.00% | — | 100 | $7K |
| Plante Moran Financial Advisors, LLC | 0.00% | No change | 100 | $7K |
| Natixis | 0.00% | New | 97 | $7K |
| Farmers & Merchants Investments Inc. | 0.00% | Add +5.6% | 95 | $7K |
| CBIZ Investment Advisory Services, LLC | 0.00% | New | 93 | $7K |
| Rothschild Investment LLC | 0.00% | Add +77.1% | 85 | $6K |
| Cornerstone Planning Group LLC | 0.00% | Reduce -83.1% | 82 | $6K |
| NewEdge Advisors, LLC | 0.00% | Add +1.4% | 70 | $5K |
| High Note Wealth, LLC | 0.00% | Reduce -4.7% | 61 | $4K |
| Caitong International Asset Management Co., Ltd | 0.00% | Reduce -84.8% | 59 | $4K |
| Bare Financial Services, Inc | 0.00% | Add +229.4% | 56 | $4K |
| Roble, Belko & Company, Inc | 0.00% | Add +2.1% | 49 | $4K |
| Quattro Advisors LLC | 0.00% | — | 55 | $4K |
| Cornerstone Financial Management LLC | 0.00% | — | 52 | $4K |
| Kilter Group LLC | 0.00% | New | 52 | $4K |
| American National Bank & Trust | 0.00% | New | 52 | $4K |
| Bell Investment Advisors, Inc | 0.00% | Reduce -12.1% | 51 | $4K |
| Godfrey Financial Associates, Inc. | 0.00% | — | 42 | $3K |
| MJT & Associates Financial Advisory Group, Inc. | 0.00% | No change | 40 | $3K |
| WPG Advisers, LLC | 0.00% | No change | 37 | $3K |
| Essential Partners LLC | 0.00% | Reduce -7.7% | 36 | $3K |
| CENTRAL TRUST Co | 0.00% | New | 34 | $2K |
| Rialto Wealth Management, LLC | 0.00% | No change | 33 | $2K |
| Avion Wealth | 0.00% | No change | 39 | $2K |
| Signature Equity Partners, LLC | 0.00% | — | 27 | $2K |
| TD Private Client Wealth LLC | 0.00% | New | 27 | $2K |
| Strategic Wealth Partners, Ltd. | 0.00% | No change | 26 | $2K |
| Sunrise Financial Services, LLC | 0.00% | — | 25 | $2K |
| Sachetta, LLC | 0.00% | No change | 22 | $2K |
| Private Wealth Management Group, LLC | 0.00% | No change | 22 | $2K |
| Manchester Capital Management LLC | 0.00% | New | 20 | $1K |
| Cromwell Holdings LLC | 0.00% | No change | 18 | $1K |
| Ares Financial Consulting, LLC | 0.00% | — | 16 | $1K |
| Provenance Wealth Advisors, LLC | 0.00% | No change | 15 | $1K |
| True Wealth Design, LLC | 0.00% | No change | 14 | $1K |
| Highline Wealth Partners LLC | 0.00% | No change | 14 | $1K |
| First Horizon Corp. | 0.00% | Add +300.0% | 12 | $864 |
| Retirement Wealth Solutions LLC | 0.00% | Add +22.2% | 11 | $793 |
| Mountain Hill Investment Partners Corp. | 0.00% | No change | 11 | $773 |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 8 | $576 |
| Financial Management Professionals, Inc. | 0.00% | Add +40.0% | 7 | $506 |
| SouthState Bank Corp | 0.00% | No change | 7 | $505 |
| CVA Family Office, LLC | 0.00% | New | 7 | $504 |
| Dunhill Financial, LLC | 0.00% | New | 6 | $453 |
| Quaker Wealth Management, LLC | 0.00% | No change | 5 | $361 |
| Elyxium Wealth, LLC | 0.00% | New | 4 | $288 |
| Principia Wealth Advisory, LLC | 0.00% | Reduce -40.0% | 3 | $216 |
| Nemes Rush Group LLC | 0.00% | New | 2 | $145 |
| MV Capital Management, Inc. | 0.00% | New | 1 | $73 |
| American Capital Advisory, LLC | 0.00% | Reduce -75.0% | 1 | $73 |
| Root Financial Partners, LLC | 0.00% | No change | 1 | $72 |
| Hughes Financial Services, LLC | 0.00% | New | 1 | $72 |
| Raleigh Capital Management Inc. | 0.00% | No change | 1 | $51 |
"% of holder's portfolio" is ADC's weight in each manager's 13F, not the share of Agree Realty Corp. the manager owns.