Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in ADC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 17.9M | $1.35B | +6.6% | 14.896% | 0.02% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.3M | $773.4M | — | 8.543% | 0.04% |
| 3 | STATE STREET CORP | 6.0M | $451.3M | +1.4% | 4.968% | 0.02% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 5.3M | $403.0M | — | 4.452% | 0.01% |
| 5 | PRINCIPAL FINANCIAL GROUP INC | 4.5M | $341.2M | +5.4% | 3.769% | 0.18% |
| 6 | TWO SIGMA INVESTMENTS, LP | 4.0M | $304.7M | +139.1% | 3.365% | 0.25% |
| 7 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | 3.4M | $258.5M | +4.0% | 2.856% | 2.67% |
| 8 | Zimmer Partners, LP | 3.3M | $248.5M | — | 2.745% | 6.02% |
| 9 | Daiwa Securities Group Inc. | 3.0M | $223.3M | +30.9% | 2.466% | 0.71% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 2.7M | $203.5M | +7.5% | 2.247% | 0.01% |
| 11 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.1M | $159.0M | +7.9% | 1.757% | 0.02% |
| 12 | PRUDENTIAL FINANCIAL INC | 1.9M | $143.8M | +6.3% | 1.588% | 0.18% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 1.8M | $133.5M | +5.3% | 1.475% | 0.03% |
| 14 | BANK OF AMERICA CORP /DE/ | 1.5M | $115.1M | +65.4% | 1.271% | 0.01% |
| 15 | RAYMOND JAMES FINANCIAL INC | 1.4M | $107.9M | +13.3% | 1.193% | 0.03% |
| 16 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.4M | $105.3M | -21.5% | 1.163% | 0.18% |
| 17 | DEUTSCHE BANK AG\ | 1.3M | $100.7M | -38.6% | 1.113% | 0.03% |
| 18 | MORGAN STANLEY | 1.3M | $99.4M | +0.9% | 1.098% | 0.01% |
| 19 | JANUS HENDERSON GROUP PLC | 1.3M | $94.3M | -0.1% | 1.042% | 0.05% |
| 20 | GOLDMAN SACHS GROUP INC | 1.2M | $93.9M | +176.1% | 1.037% | 0.01% |
| 21 | NORTHERN TRUST CORP | 1.2M | $86.8M | +3.1% | 0.958% | 0.01% |
| 22 | FRONTIER CAPITAL MANAGEMENT CO LLC | 1.1M | $83.0M | +36.6% | 0.917% | 0.85% |
| 23 | MILLENNIUM MANAGEMENT LLC | 1.1M | $82.8M | -23.4% | 0.915% | 0.05% |
| 24 | SEI INVESTMENTS CO | 1.1M | $79.3M | +27.3% | 0.876% | 0.07% |
| 25 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 1.0M | $76.1M | +5.5% | 0.841% | 0.79% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in ADC — a direct measure of their conviction.
Filings activity in ADC during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 491 | +1.4% | 95.02% | +8.50 pp | $8.65B | +9.8% |
| Q4 2025 | 484 | +3.6% | 86.52% | +4.41 pp | $7.88B | +5.4% |
| Q3 2025 | 467 | +0.4% | 82.11% | 2.07 pp | $7.48B | 2.5% |
| Q2 2025 | 465 | +1.1% | 84.18% | 1.72 pp | $7.67B | 2.0% |
| Q1 2025 | 460 | +4.5% | 85.90% | +8.98 pp | $7.82B | +12% |
| Q4 2024 | 440 | +5.0% | 76.92% | 1.91 pp | $7.01B | 2.4% |
| Q3 2024 | 419 | +5.5% | 78.83% | +16.68 pp | $7.18B | +27% |
| Q2 2024 | 397 | — | 62.15% | — | $5.66B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as the highest-conviction signal because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| Jun 4, 2026 | AGREE RICHARD | Buy | 5K | $71.41 | $357K |
| May 15, 2026 | RAKOLTA JOHN JR | Buy | 20K | $74.57 | $1.5M |
| May 14, 2026 | Agree Joey | Buy | 13K | $75.41 | $1.0M |
Quick answers to the most common questions about buying ADC stock.
Based on Q1 2026 13F filings, institutional ownership of Agree Realty Corporation stands at 95.0%, held across 491 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of ADC, with approximately 17,890,008 shares worth $1.35B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of ADC, including TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for ADC is 66 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
66 institutions opened new positions in ADC during Q1 2026, while 59 fully exited. 314 added to existing positions and 106 trimmed.
ADC institutional ownership rose by 8.50 percentage points quarter-over-quarter, with a net change of +7 holders.
The top 10 institutions account for 52.6% of all reported 13F value in ADC, and the top 25 account for 70.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Agree Realty Corporation (ADC) Institutional Ownership