AGREE REALTY CORP (ADC) — Institutional Holders, Q2 2026

499 institutional investment managers reported a ADC position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $10.8B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← ADC stock profile

ADC in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

200

Trimmed

158

Sold out

Biggest buyers

BlackRockAdded · +1,222,099 sh+$92.6M
CANADA PENSION PLAN INVESTMENT BOARDNew · +1,221,720 sh+$92.5M
HEALTHCARE OF ONTARIO PENSION PLAN FUNDAdded · +817,000 sh+$61.9M
NuveenAdded · +743,328 sh+$56.3M
LEUCADIA NATIONALNew · +523,700 sh+$39.7M

Biggest sellers

JPMORGAN CHASETrimmed · -1,649,476 sh-$124.9M
COHEN & STEERSTrimmed · -1,460,930 sh-$110.7M
Zimmer PartnersTrimmed · -1,453,114 sh-$110.1M
PGGM InvestmentsSold out · -932,633 sh-$70.6M
TWO SIGMA INVESTMENTSTrimmed · -506,635 sh-$38.4M

ADC 13F holders ranked 1–100 of 499

Institutional investors reporting a position in AGREE REALTY CORP on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 19,112,107 sh	19,112,107	$1.4B	0.02%	+6.8%
2	COHEN & STEERS#2 · 16,403,414 sh	16,403,414	$1.2B	1.96%	-8.2%
3	VANGUARD PORTFOLIO MANAGEMENT#3 · 10,588,511 sh	10,588,511	$802.0M	0.04%	+3.2%
4	STATE STREET#4 · 5,858,959 sh	5,858,959	$445.3M	0.01%	-1.8%
5	VANGUARD CAPITAL MANAGEMENT#5 · 5,405,144 sh	5,405,144	$409.4M	<0.01%	+1.1%
6	PRINCIPAL FINANCIAL GROUP#6 · 4,662,379 sh	4,662,379	$353.1M	0.17%	+3.0%
7	CENTERSQUARE INVESTMENT MANAGEMENT#7 · 3,730,917 sh	3,730,917	$282.6M	2.41%	+8.8%
8	TWO SIGMA INVESTMENTS#8 · 3,535,058 sh	3,535,058	$267.7M	0.19%	-12.5%
9	Daiwa Securities Group#9 · 2,921,805 sh	2,921,805	$221.3M	0.43%	-1.3%
10	GEODE CAPITAL MANAGEMENT#10 · 2,781,222 sh	2,781,222	$210.7M	0.01%	+3.1%
11	CHARLES SCHWAB INVESTMENT MANAGEMENT#11 · 2,196,532 sh	2,196,532	$166.4M	0.02%	+4.1%
12	Zimmer Partners#12 · 1,843,300 sh	1,843,300	$139.6M	3.21%	-44.1%
13	DIMENSIONAL FUND ADVISORS#13 · 1,794,541 sh	1,794,541	$135.9M	0.02%	+1.3%
14	PRUDENTIAL FINANCIAL#14 · 1,787,283 sh	1,787,283	$135.4M	0.15%	-6.3%
15	BANK OF AMERICA#15 · 1,728,560 sh	1,728,560	$130.9M	<0.01%	+13.2%
16	MILLENNIUM MANAGEMENT#16 · 1,582,623 sh	1,582,623	$119.9M	0.04%	+44.1%
17	NORGES BANK#17 · 1,551,258 sh	1,551,258	$117.5M	0.01%	—
18	MORGAN STANLEY#18 · 1,525,277 sh	1,525,277	$115.5M	<0.01%	+15.6%
19	NOMURA ASSET MANAGEMENT INTERNATIONAL#19 · 1,518,183 sh	1,518,183	$115.0M	0.17%	+8.7%
20	RAYMOND JAMES FINANCIAL#20 · 1,428,749 sh	1,428,749	$108.2M	0.03%	-0.3%
21	DEUTSCHE BANK AG\#21 · 1,382,985 sh	1,382,985	$104.7M	0.03%	+3.5%
22	NORTHERN#22 · 1,356,029 sh	1,356,029	$102.7M	0.01%	+17.8%
23	GOLDMAN SACHS GROUP#23 · 1,230,891 sh	1,230,891	$93.2M	<0.01%	+5.2%
24	CANADA PENSION PLAN INVESTMENT BOARD#24 · 1,221,720 sh	1,221,720	$92.5M	0.05%	New
25	Jupiter Topco#25 · 1,216,172 sh	1,216,172	$92.1M	0.04%	—
26	Nuveen#26 · 1,164,511 sh	1,164,511	$88.2M	0.02%	+176.5%
27	JPMORGAN CHASE#27 · 1,117,272 sh	1,117,272	$86.4M	<0.01%	-59.6%
28	DUFF & PHELPS INVESTMENT MANAGEMENT#28 · 1,100,957 sh	1,100,957	$83.4M	0.79%	+9.0%
29	SEI INVESTMENTS#29 · 1,001,224 sh	1,001,224	$75.8M	0.07%	-4.8%
30	FRONTIER CAPITAL MANAGEMENT#30 · 943,005 sh	943,005	$71.4M	0.67%	-14.4%
31	Sumitomo Mitsui#31 · 940,816 sh	940,816	$71.3M	0.04%	+20.4%
32	Russell Investments Group, Ltd.#32 · 920,097 sh	920,097	$69.7M	0.06%	+1.9%
33	LASALLE INVESTMENT MANAGEMENT SECURITIES#33 · 915,004 sh	915,004	$69.3M	2.47%	+27.1%
34	HEALTHCARE OF ONTARIO PENSION PLAN FUND#34 · 915,000 sh	915,000	$69.3M	0.10%	+833.7%
35	Bank of New York Mellon#35 · 908,817 sh	908,817	$68.8M	0.01%	-1.8%
36	RUSH ISLAND MANAGEMENT#36 · 873,829 sh	873,829	$66.2M	4.39%	+29.0%
37	CINCINNATI INSURANCE#37 · 789,500 sh	789,500	$59.8M	0.86%	0.0%
38	Holocene Advisors#38 · 789,487 sh	789,487	$59.8M	0.13%	-0.1%
39	BAHL & GAYNOR#39 · 784,265 sh	784,265	$59.4M	0.27%	+24.0%
40	VANGUARD FIDUCIARY#40 · 760,519 sh	760,519	$57.6M	0.01%	+2.4%
41	Qube Research & Technologies Ltd#41 · 742,961 sh	742,961	$56.3M	0.05%	+114.9%
42	TUDOR INVESTMENT ET AL#42 · 726,478 sh	726,478	$55.0M	0.08%	+137.8%
43	CITADEL ADVISORS#43 · 724,630 sh	724,630	$54.9M	<0.01%	-8.4%
44	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#44 · 719,613 sh	719,613	$54.5M	<0.01%	+1.7%
45	Legal & General Group Plc#45 · 687,184 sh	687,184	$52.0M	0.01%	+4.6%
46	THRIVENT FINANCIAL FOR LUTHERANS#46 · 674,209 sh	674,209	$51.1M	0.09%	-0.3%
47	AMERICAN CENTURY COMPANIES#47 · 641,393 sh	641,393	$48.6M	0.02%	-11.9%
48	D. E. Shaw#48 · 633,290 sh	633,290	$48.0M	0.02%	+85.5%
49	HRT FINANCIAL#49 · 585,566 sh	585,566	$44.4M	0.11%	+12.4%
50	HEITMAN REAL ESTATE SECURITIES#50 · 578,024 sh	578,024	$43.8M	2.81%	+260.3%
51	VOLORIDGE INVESTMENT MANAGEMENT#51 · 550,706 sh	550,706	$41.7M	0.18%	-27.6%
52	LEUCADIA NATIONAL#52 · 523,700 sh	523,700	$39.7M	0.26%	New
53	GW&K Investment Management#53 · 522,247 sh	522,247	$39.6M	0.31%	-6.1%
54	UBS Group AG#54 · 513,514 sh	513,514	$38.9M	<0.01%	+5.3%
55	Invesco Ltd.#55 · 469,887 sh	469,887	$35.6M	<0.01%	-2.1%
56	BALYASNY ASSET MANAGEMENT L.P.#56 · 448,806 sh	448,806	$34.0M	0.04%	+111.2%
57	Adelante Capital Management#57 · 430,209 sh	430,209	$32.6M	2.14%	-2.3%
58	Alyeska Investment Group, L.P.#58 · 408,571 sh	408,571	$30.9M	0.08%	-32.8%
59	FORT WASHINGTON INVESTMENT ADVISORS#59 · 406,608 sh	406,608	$30.8M	—	+4.1%
60	Universal- Beteiligungs- und Servicegesellschaft mbH#60 · 396,588 sh	396,588	$30.0M	0.05%	-11.1%
61	Leeward Investments, - MA#61 · 380,191 sh	380,191	$28.8M	—	-3.3%
62	BNP PARIBAS FINANCIAL MARKETS#62 · 377,182 sh	377,182	$28.6M	<0.01%	+70.0%
63	WELLS FARGO & COMPANY#63 · 369,853 sh	369,853	$28.0M	<0.01%	-0.2%
64	ENVESTNET ASSET MANAGEMENT#64 · 367,137 sh	367,137	$27.8M	<0.01%	+4.0%
65	Lighthouse Investment Partners#65 · 356,896 sh	356,896	$27.0M	0.74%	+48.7%
66	SCHRODER INVESTMENT MANAGEMENT GROUP#66 · 337,411 sh	337,411	$25.9M	0.02%	+2840.7%
67	RHUMBLINE ADVISERS#67 · 340,610 sh	340,610	$25.8M	0.02%	+0.1%
68	Sophron Capital Management L.P.#68 · 331,087 sh	331,087	$25.1M	—	+32.0%
69	AMERIPRISE FINANCIAL#69 · 356,124 sh	356,124	$24.8M	<0.01%	+33.7%
70	Apollo Management , L.P.#70 · 315,810 sh	315,810	$23.9M	0.27%	0.0%
71	SYSTEMATIC FINANCIAL MANAGEMENT#71 · 305,877 sh	305,877	$23.2M	0.46%	-4.3%
72	APG Asset Management US#72 · 302,617 sh	302,617	$23.1M	0.16%	0.0%
73	State of New Jersey Common Pension Fund D#73 · 301,132 sh	301,132	$22.8M	0.08%	0.0%
74	HSBC PLC#74 · 291,466 sh	291,466	$22.1M	<0.01%	-20.2%
75	LOOMIS SAYLES & L P#75 · 280,431 sh	280,431	$21.2M	0.03%	-9.1%
76	CITIGROUP#76 · 280,125 sh	280,125	$21.2M	<0.01%	+13.5%
77	Gotham Asset Management#77 · 274,961 sh	274,961	$20.8M	0.05%	-27.5%
78	Neuberger Berman Group#78 · 271,434 sh	271,434	$20.6M	0.01%	-14.1%
79	GREAT WEST LIFE ASSURANCE#79 · 266,508 sh	266,508	$20.2M	0.03%	+2.3%
80	AQR CAPITAL MANAGEMENT#80 · 264,993 sh	264,993	$20.1M	<0.01%	-1.5%
81	VIRGINIA RETIREMENT SYSTEMS ET Al#81 · 262,284 sh	262,284	$19.9M	0.07%	+48.6%
82	Impax Asset Management Group plc#82 · 260,000 sh	260,000	$19.7M	0.13%	0.0%
83	Point72 Asset Management, L.P.#83 · 259,797 sh	259,797	$19.7M	0.02%	+22.6%
84	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO#84 · 259,479 sh	259,479	$19.7M	0.06%	+7.1%
85	Creative Planning#85 · 244,958 sh	244,958	$18.6M	0.01%	+15.6%
86	Swiss National Bank#86 · 240,982 sh	240,982	$18.3M	<0.01%	+6.0%
87	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM#87 · 231,736 sh	231,736	$17.6M	<0.01%	-16.2%
88	WILLIAM BLAIR INVESTMENT MANAGEMENT#88 · 209,954 sh	209,954	$15.9M	0.05%	-4.1%
89	Vision Capital#89 · 209,300 sh	209,300	$15.9M	5.13%	New
90	BARCLAYS PLC#90 · 206,708 sh	206,708	$15.7M	<0.01%	-26.2%
91	Asset Management One , Ltd.#91 · 201,377 sh	201,377	$15.3M	—	+3.4%
92	NOMURA ASSET MANAGEMENT LTD#92 · 194,660 sh	194,660	$14.7M	0.03%	+5.2%
93	Susquehanna Portfolio Strategies#93 · 192,537 sh	192,537	$14.6M	0.23%	+32.9%
94	WELLINGTON MANAGEMENT GROUP LLP#94 · 184,545 sh	184,545	$14.0M	<0.01%	+159.8%
95	Schonfeld Strategic Advisors#95 · 184,221 sh	184,221	$14.0M	0.05%	-54.7%
96	STATE OF WISCONSIN INVESTMENT BOARD#96 · 179,752 sh	179,752	$13.6M	0.03%	-2.4%
97	ROYAL BANK OF CANADA#97 · 168,872 sh	168,872	$12.8M	<0.01%	+40.8%
98	ALLIANCEBERNSTEIN L.P.#98 · 165,623 sh	165,623	$12.5M	<0.01%	-18.0%
99	EXCHANGE TRADED CONCEPTS#99 · 164,789 sh	164,789	$12.5M	0.06%	+20.7%
100	Freestone Grove Partners#100 · 161,303 sh	161,303	$12.2M	0.08%	New

Funds that sold out of ADC in Q2 2026 (46)

Held ADC at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held ADC in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
PGGM Investments932,633 sh	932,633	$70.3M
STRS OHIO247,109 sh	247,109	$18.6M
Mitsubishi UFJ & Banking151,138 sh	151,138	$11.4M
Cander Asset Management139,785 sh	139,785	$10.5M
Allspring Global Investments136,540 sh	136,540	$10.4M
LMR Partners LLP134,970 sh	134,970	$10.2M
Aptus Capital Advisors92,505 sh	92,505	$7.0M
Brummer Multi-Strategy AB87,127 sh	87,127	$6.6M
BAMCO83,347 sh	83,347	$6.3M
PANAGORA ASSET MANAGEMENT42,689 sh	42,689	$3.2M
FJ Capital Management31,696 sh	31,696	$2.4M
QUADRANT CAPITAL GROUP34,734 sh	34,734	$1.4M
Vise Technologies16,445 sh	16,445	$1.2M
Polymer Capital Management (US)11,062 sh	11,062	$833.9K
Jain Global10,946 sh	10,946	$825.1K
Motley Fool Wealth Management10,801 sh	10,801	$814.2K
DRW Securities8,017 sh	8,017	$604.3K
Golden State Equity Partners6,928 sh	6,928	$522.2K
Toroso Investments6,228 sh	6,228	$469.1K
ACADIAN ASSET MANAGEMENT5,547 sh	5,547	$418.0K
Point4,854 sh	4,854	$365.9K
EP Wealth Advisors4,510 sh	4,510	$340.0K
Lombard Odier Asset Management (USA)4,248 sh	4,248	$320.2K
Procyon Advisors3,959 sh	3,959	$298.4K
DARK FOREST CAPITAL MANAGEMENT3,553 sh	3,553	$267.8K
HB Wealth Management3,501 sh	3,501	$263.9K
REGIONS FINANCIAL3,191 sh	3,191	$240.5K
Snowden Capital Advisors3,035 sh	3,035	$229.6K
ARMISTICE CAPITAL3,025 sh	3,025	$228.0K
Allie Family Office2,814 sh	2,814	$212.1K
PRAXIS INVESTMENT MANAGEMENT2,799 sh	2,799	$211.0K
MAI Capital Management1,656 sh	1,656	$124.8K
Advisory Services Network947 sh	947	$71.3K
SIMPLEX TRADING745 sh	745	$56.2K
Ancora Advisors552 sh	552	$41.6K
TWIN PEAKS WEALTH ADVISORS443 sh	443	$33.4K
Bayforest Capital Ltd381 sh	381	$28.7K
Sound Income Strategies360 sh	360	$27.3K
CENTRAL300 sh	300	$22.6K
Root Financial Partners151 sh	151	$11.4K
ZIONS BANCORPORATION, NATIONAL ASSOCIATION23 sh	23	$1.7K
ALBION FINANCIAL GROUP21 sh	21	$1.6K
SouthState Bank7 sh	7	$528.00
Intentional Wealth Strategies5 sh	5	$377.00
Caitong International Asset Management , Ltd2 sh	2	$151.00
MV CAPITAL MANAGEMENT1 sh	1	$76.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.