AGREE REALTY CORP - Common Stock (ADC) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
ADC on NYSE
Shares outstanding
110,043,984
Price per share
$72.03
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
126,283,856
Total reported value
$8,972,634,376
% of total 13F portfolios
0.01%
Share change
+1,048,223
Value change
+$70,046,642
Number of holders
474
Price from insider filings
$72.03
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of AGREE REALTY CORP - Common Stock (ADC) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
COHEN & STEERS, INC. 11% +21% $920,883,274 +$199,661,491 12,512,001 +28% COHEN & STEERS, INC. 31 May 2025
BlackRock, Inc. 11% $852,396,663 11,689,477 BlackRock, Inc. 31 Mar 2025
STATE STREET CORP 5.1% $383,852,484 5,264,022 STATE STREET CORPORATION 31 Dec 2024

As of 30 Sep 2025, 474 institutional investors reported holding 126,283,856 shares of AGREE REALTY CORP - Common Stock (ADC). This represents 115% of the company’s total 110,043,984 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of AGREE REALTY CORP - Common Stock (ADC) together control 81% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 15% 16,059,013 +5.1% 0.02% $1,140,832,314
VANGUARD GROUP INC 14% 15,646,573 +2.2% 0.02% $1,111,532,546
COHEN & STEERS, INC. 12% 13,445,651 +8.5% 1.7% $955,141,000
STATE STREET CORP 5.3% 5,792,525 +0.48% 0.01% $412,954,497
CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.6% 2,896,229 +1.8% 2.1% $205,748,109
DEUTSCHE BANK AG\ 2.4% 2,595,988 -12% 0.06% $184,418,988
GEODE CAPITAL MANAGEMENT, LLC 2.2% 2,392,576 -11% 0.01% $169,993,416
PRINCIPAL FINANCIAL GROUP INC 2.2% 2,375,129 -5.1% 0.09% $168,729,869
Daiwa Securities Group Inc. 2.1% 2,362,396 +0.66% 0.57% $167,825,000
TWO SIGMA ADVISERS, LP 2% 2,165,887 +1.3% 0.31% $153,864,612
JPMORGAN CHASE & CO 1.8% 2,016,722 +66% 0.01% $143,267,932
MACQUARIE GROUP LTD 1.8% 1,970,877 +3.3% 0.16% $140,010,853
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.7% 1,823,509 +2.4% 0.02% $129,542,079
TWO SIGMA INVESTMENTS, LP 1.6% 1,725,413 -4.5% 0.19% $122,573,340
PRUDENTIAL FINANCIAL INC 1.6% 1,714,939 -4.7% 0.14% $121,829,266
NORTHERN TRUST CORP 1.5% 1,680,285 +3.2% 0.02% $119,367,446
CITADEL ADVISORS LLC 1.5% 1,643,751 +124% 0.09% $116,772,071
Balyasny Asset Management L.P. 1.5% 1,627,883 +32% 0.23% $115,644,808
DIMENSIONAL FUND ADVISORS LP 1.5% 1,625,400 +0.69% 0.02% $115,466,577
Nuveen, LLC 1.4% 1,514,233 -11% 0.03% $107,571,113
JANUS HENDERSON GROUP PLC 1.3% 1,386,305 +6.3% 0.04% $98,492,223
RAYMOND JAMES FINANCIAL INC 1.2% 1,289,537 -2.4% 0.03% $91,608,654
Russell Investments Group, Ltd. 1.2% 1,269,624 +0.22% 0.1% $90,193,892
MILLENNIUM MANAGEMENT LLC 1.1% 1,262,711 +35% 0.07% $89,702,989
MORGAN STANLEY 1.1% 1,188,489 -17% 0.01% $84,430,470

Institutional Holders of AGREE REALTY CORP - Common Stock (ADC) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 1,144,108 $82,370,183 -$18,784,375 $72.03 31
2025 Q3 126,283,856 $8,972,634,376 +$70,046,642 $71.04 474
2025 Q2 125,116,073 $9,150,731,557 +$326,609,951 $73.06 469
2025 Q1 120,474,699 $9,308,912,615 +$290,116,815 $77.19 465
2024 Q4 117,359,707 $8,268,795,985 +$439,581,421 $70.45 445
2024 Q3 110,421,756 $8,317,268,214 +$538,550,582 $75.33 423
2024 Q2 104,232,624 $6,457,369,775 +$372,019,503 $61.94 402
2024 Q1 98,365,795 $5,620,643,088 -$244,398,156 $57.12 384
2023 Q4 227,859 $14,343,740 -$5,374,796 $62.95 3
2023 Q3 93,492,129 $5,164,491,373 -$13,183,444 $55.24 361
2023 Q2 92,902,876 $6,080,900,783 -$218,235,979 $65.39 369
2023 Q1 96,142,664 $6,600,947,965 -$72,318,355 $68.61 353
2022 Q4 97,488,903 $6,916,470,230 +$350,054,907 $70.93 354
2022 Q3 92,181,867 $6,228,309,531 +$461,846,473 $67.58 345
2022 Q2 83,613,328 $6,033,633,644 +$553,798,919 $72.13 330
2022 Q1 76,902,858 $5,101,926,460 +$98,456,075 $66.36 308
2021 Q4 75,511,048 $5,387,543,938 +$219,433,928 $71.36 317
2021 Q3 72,981,196 $4,836,035,940 -$345,960,872 $66.23 308
2021 Q2 77,604,763 $5,471,199,209 +$693,391,853 $70.49 307
2021 Q1 68,037,924 $4,580,967,167 +$283,740,303 $67.31 298
2020 Q4 64,161,260 $4,272,144,249 +$285,642,202 $66.58 273
2020 Q3 60,149,435 $3,828,979,600 -$23,820,454 $63.64 269
2020 Q2 67,413,964 $4,411,714,475 +$457,341,142 $65.71 263
2020 Q1 52,282,230 $3,238,407,512 +$434,701,825 $61.90 263
2019 Q4 46,239,540 $3,245,582,048 +$198,301,650 $70.17 270
2019 Q3 42,491,217 $3,109,184,585 +$61,667,928 $73.15 239
2019 Q2 42,655,471 $2,732,935,929 +$211,147,962 $64.05 243
2019 Q1 40,307,095 $2,795,706,395 +$63,772,785 $69.34 235
2018 Q4 39,260,709 $2,320,748,220 +$285,925,728 $59.12 236
2018 Q3 34,387,575 $1,824,135,415 +$176,182,225 $53.12 214
2018 Q2 31,033,324 $1,639,946,388 +$18,095,473 $52.77 219
2018 Q1 31,025,086 $1,491,974,778 +$137,397,389 $48.04 222
2017 Q4 27,952,176 $1,437,794,798 +$131,833,852 $51.44 197
2017 Q3 25,475,772 $1,250,569,600 +$52,668,249 $49.08 188
2017 Q2 24,423,036 $1,120,351,084 +$79,100,834 $45.87 185
2017 Q1 23,103,692 $1,108,080,580 +$177,951,622 $47.96 168
2016 Q4 22,801,086 $1,049,700,697 +$153,987,412 $46.05 179
2016 Q3 18,930,565 $935,835,815 +$19,548,388 $49.44 191
2016 Q2 18,982,093 $915,667,776 +$156,628,280 $48.24 191
2016 Q1 14,962,514 $573,204,576 +$5,816,176 $38.47 187
2015 Q4 15,562,847 $527,622,029 +$51,032,180 $33.99 170
2015 Q3 14,053,353 $419,501,066 +$28,031,626 $29.85 159
2015 Q2 12,509,038 $364,894,011 +$17,764,016 $29.17 162
2015 Q1 11,999,093 $395,671,840 -$4,957,022 $32.97 160
2014 Q4 12,186,984 $379,098,466 +$44,617,500 $31.09 145
2014 Q3 10,189,750 $279,002,336 -$160,359 $27.38 128
2014 Q2 10,196,940 $308,235,173 +$2,867,662 $30.23 142
2014 Q1 10,231,236 $311,111,879 +$7,451,663 $30.41 136