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
$71.41
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
129,206,879
Total reported value
$9,308,302,568
% of total 13F portfolios
0.01%
Share change
+1,539,143
Value change
+$112,656,304
Number of holders
484
Price from insider filings
$71.41
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 31 Dec 2025, 484 institutional investors reported holding 129,206,879 shares of AGREE REALTY CORP - Common Stock (ADC). This represents 117% 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 84% 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% 16,787,396 +4.5% 0.02% $1,209,196,071
VANGUARD GROUP INC 14% 15,731,141 +0.54% 0.02% $1,133,114,087
COHEN & STEERS, INC. 13% 14,094,952 +4.8% 1.8% $1,015,324,000
STATE STREET CORP 5.3% 5,884,291 +1.6% 0.01% $425,349,587
PRINCIPAL FINANCIAL GROUP INC 3.9% 4,293,556 +81% 0.16% $309,265,709
CENTERSQUARE INVESTMENT MANAGEMENT LLC 3% 3,299,172 +14% 2.3% $237,639,359
JPMORGAN CHASE & CO 2.6% 2,843,441 +41% 0.01% $204,813,056
GEODE CAPITAL MANAGEMENT, LLC 2.3% 2,509,922 +4.9% 0.01% $180,822,924
Daiwa Securities Group Inc. 2.1% 2,262,991 -4.2% 0.53% $163,003,000
TWO SIGMA ADVISERS, LP 2.1% 2,258,287 +4.3% 0.32% $162,664,413
DEUTSCHE BANK AG\ 2% 2,175,773 -16% 0.05% $156,720,929
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.8% 1,955,974 +7.3% 0.02% $140,888,807
PRUDENTIAL FINANCIAL INC 1.6% 1,793,978 +4.6% 0.16% $129,220,235
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 1.6% 1,779,224 0% 0.19% $128,157,178
TWO SIGMA INVESTMENTS, LP 1.5% 1,690,448 -2% 0.18% $121,762,969
DIMENSIONAL FUND ADVISORS LP 1.5% 1,682,009 +3.5% 0.03% $121,158,112
NORGES BANK 1.5% 1,612,027 0.01% $116,114,305
MILLENNIUM MANAGEMENT LLC 1.3% 1,433,553 +14% 0.07% $103,258,823
MORGAN STANLEY 1.2% 1,307,232 +10% 0.01% $94,160,041
RAYMOND JAMES FINANCIAL INC 1.1% 1,263,936 -2% 0.03% $91,163,569
JANUS HENDERSON GROUP PLC 1.1% 1,252,677 -9.6% 0.04% $90,227,849
Nuveen, LLC 1.1% 1,220,295 -19% 0.02% $87,897,849
Engineers Gate Manager LP 1.1% 1,182,229 +3043% 1% $85,155,955
NORTHERN TRUST CORP 1% 1,116,199 -34% 0.01% $80,399,814
PGGM Investments 0.93% 1,027,100 -12% 1.2% $73,982,000

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 129,206,879 $9,308,302,568 +$112,656,304 $72.03 484
2025 Q3 126,288,803 $8,972,986,166 +$71,502,555 $71.04 478
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