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
+$70,046,621
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% $903,947,256 11,689,477 BlackRock, Inc. 31 Mar 2025
STATE STREET CORP 5.1% $407,066,821 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 1,251,722 $90,127,236 -$18,862,065 $72.03 38
2025 Q3 126,283,856 $8,972,634,376 +$70,046,621 $71.04 474
2025 Q2 125,116,073 $9,150,731,557 +$326,609,856 $73.06 469
2025 Q1 120,474,699 $9,308,912,299 +$290,117,087 $77.19 465
2024 Q4 117,382,971 $8,270,408,264 +$394,868,481 $70.45 449
2024 Q3 111,079,656 $8,366,827,934 +$570,924,797 $75.33 426
2024 Q2 104,289,649 $6,460,891,940 +$299,748,095 $61.94 405
2024 Q1 99,605,559 $5,692,182,639 -$160,694,569 $57.12 387
2023 Q4 101,902,912 $6,414,812,940 +$431,888,603 $62.95 363
2023 Q3 95,360,342 $5,267,696,994 -$10,508,200 $55.24 367
2023 Q2 95,112,767 $6,225,405,396 -$160,014,459 $65.39 373
2023 Q1 97,596,853 $6,700,720,073 -$45,472,862 $68.61 357
2022 Q4 98,281,432 $6,972,684,018 +$327,425,638 $70.93 358
2022 Q3 93,909,608 $6,345,134,379 +$519,561,407 $67.58 351
2022 Q2 86,155,019 $6,217,855,958 +$596,465,241 $72.13 336
2022 Q1 78,196,527 $5,187,771,875 +$118,165,623 $66.36 316
2021 Q4 76,261,134 $5,441,069,681 +$224,467,490 $71.36 322
2021 Q3 72,981,430 $4,836,052,148 -$344,150,529 $66.23 310
2021 Q2 77,604,924 $5,471,211,207 +$693,628,242 $70.49 309
2021 Q1 68,044,876 $4,581,513,763 +$279,165,261 $67.31 298
2020 Q4 64,162,797 $4,272,245,924 +$287,979,506 $66.58 276
2020 Q3 60,150,121 $3,829,023,112 -$25,687,910 $63.64 272
2020 Q2 70,430,771 $4,609,948,369 +$1,081,311,725 $65.71 269
2020 Q1 53,527,305 $3,315,475,937 +$418,184,339 $61.90 270
2019 Q4 46,520,536 $3,265,298,676 +$206,255,367 $70.17 273
2019 Q3 43,498,488 $3,182,865,585 +$62,886,482 $73.15 243
2019 Q2 42,736,478 $2,738,122,929 +$192,826,154 $64.05 246
2019 Q1 40,311,038 $2,795,978,395 +$62,137,793 $69.34 237
2018 Q4 39,514,996 $2,335,781,220 +$283,533,036 $59.12 241
2018 Q3 34,701,872 $1,845,605,634 +$185,242,845 $53.12 219
2018 Q2 31,233,319 $1,650,497,388 +$17,733,498 $52.77 223
2018 Q1 31,025,664 $1,492,001,778 +$137,399,355 $48.04 223
2017 Q4 28,038,746 $1,442,247,798 +$134,080,540 $51.44 200
2017 Q3 25,476,426 $1,250,599,600 +$52,673,724 $49.08 189
2017 Q2 24,423,571 $1,120,375,084 +$79,691,540 $45.87 186
2017 Q1 23,126,905 $1,109,193,580 +$176,828,645 $47.96 171
2016 Q4 22,938,427 $1,056,027,697 +$156,811,177 $46.05 183
2016 Q3 19,421,860 $960,124,815 +$19,442,019 $49.44 194
2016 Q2 19,020,718 $917,528,776 +$156,678,701 $48.24 193
2016 Q1 15,797,578 $605,328,576 +$9,956,127 $38.47 191
2015 Q4 15,602,204 $528,960,029 +$50,762,703 $33.99 171
2015 Q3 14,084,892 $420,442,066 +$30,284,963 $29.85 160
2015 Q2 13,071,205 $381,292,011 +$17,267,846 $29.17 163
2015 Q1 11,999,291 $395,677,840 +$13,726,671 $32.97 161
2014 Q4 12,222,314 $380,196,466 +$44,412,603 $31.09 146
2014 Q3 10,200,914 $279,307,336 -$383,374 $27.38 129
2014 Q2 10,199,026 $308,298,173 +$2,796,328 $30.23 143
2014 Q1 10,243,724 $311,490,879 +$11,733,577 $30.41 136