Agree Realty Corp: which funds bought and sold

Institutions that bought and sold Agree Realty shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 241 institutions that filed 13F reports for both quarters added to or opened positions in Agree Realty, and 207 cut or closed them. Together they added a net 1.5M shares, +1.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 987K shares (−5.0%); index fund managers were net buyers of 1.9M shares (+4.1%). 43 opened a new position and 48 sold out entirely.

Bought, Q2 2026 241 institutions, 43 of them new holders Sold, Q2 2026 207 institutions, 48 of them sold out

Net change, all compared +1.5M shares (+1.1%)

Net change, active managers −987K shares (−5.0%), 25 bought, 27 sold

Buyers versus sellers

institutions compared, 536

241 bought 88 207 sold

Active managers and hedge funds 25 bought · 27 sold · −987K

Index fund managers 8 bought · 3 sold · +1.9M

Other institutions 208 bought · 177 sold · +615K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+1.2M +6.8%	19.1M	$1.4B
Canada Pension Plan Investment Board	+1.2M New position	1.2M	$92.5M
Healthcare Of Ontario Pension Plan Trust Fund	+817K +833.7%	915K	$69.3M
Nuveen, LLC	+743K +176.5%	1.2M	$88.2M
Jefferies Financial Group Inc.	+524K New position	524K	$39.7M
Millennium Management LLC Hedge fund	+484K +44.1%	1.6M	$120M
Tudor Investment Corp Et Al Hedge fund	+421K +137.8%	726K	$55M
Heitman Real Estate Securities LLC	+418K +260.3%	578K	$43.8M
Qube Research & Technologies Ltd Hedge fund	+397K +114.9%	743K	$56.3M
Vanguard Portfolio Management LLC Index funds	+329K +3.2%	10.6M	$802M
Schroder Investment Management Group Active manager	+326K +2840.7%	337K	$25.9M
Centersquare Investment Management LLC	+301K +8.8%	3.7M	$283M
D. E. Shaw & Co., Inc. Hedge fund	+292K +85.5%	633K	$48M
Balyasny Asset Management L.P. Hedge fund	+236K +111.2%	449K	$34M
Vision Capital Corp	+209K New position	209K	$15.9M
Morgan Stanley	+206K +15.6%	1.5M	$116M
Northern Trust Corp Index funds	+205K +17.8%	1.4M	$103M
Bank Of America Corp	+202K +13.2%	1.7M	$131M
Rush Island Management, LP Hedge fund	+196K +29.0%	874K	$66.2M
Lasalle Investment Management Securities LLC	+195K +27.1%	915K	$69.3M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	+484K +44.1%	1.6M	$120M
Tudor Investment Corp Et Al Hedge fund	+421K +137.8%	726K	$55M
Qube Research & Technologies Ltd Hedge fund	+397K +114.9%	743K	$56.3M
Schroder Investment Management Group Active manager	+326K +2840.7%	337K	$25.9M
D. E. Shaw & Co., Inc. Hedge fund	+292K +85.5%	633K	$48M
Balyasny Asset Management L.P. Hedge fund	+236K +111.2%	449K	$34M
Rush Island Management, LP Hedge fund	+196K +29.0%	874K	$66.2M
Freestone Grove Partners LP Hedge fund	+161K New position	161K	$12.2M
Hudson Bay Capital Management LP Hedge fund	+150K New position	150K	$11.4M
Lighthouse Investment Partners, LLC Hedge fund	+117K +48.7%	357K	$27M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Jpmorgan Chase & Co	−1.6M −59.6%	1.1M	$86.4M
Cohen & Steers, Inc.	−1.5M −8.2%	16.4M	$1.2B
Zimmer Partners, LP Hedge fund	−1.5M −44.1%	1.8M	$140M
PGGM Investments	−933K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−507K −12.5%	3.5M	$268M
Engineers Gate Manager LP Hedge fund	−501K −84.8%	90K	$6.8M
Strs Ohio	−247K Sold out	0	—
Schonfeld Strategic Advisors LLC Hedge fund	−223K −54.7%	184K	$14M
Voloridge Investment Management, LLC Hedge fund	−210K −27.6%	551K	$41.7M
Alyeska Investment Group, L.P. Hedge fund	−199K −32.8%	409K	$30.9M
Hazelview Securities Inc.	−178K −82.9%	37K	$2.9M
Frontier Capital Management Co LLC Active manager	−158K −14.4%	943K	$71.4M
Mitsubishi Ufj Trust & Banking Corp	−151K Sold out	0	—
Cander Asset Management LP	−140K Sold out	0	—
Allspring Global Investments Holdings, LLC	−137K Sold out	0	—
LMR Partners LLP Hedge fund	−135K Sold out	0	—
Jump Financial, LLC	−122K −48.8%	127K	$9.7M
Prudential Financial Inc	−120K −6.3%	1.8M	$135M
SG Americas Securities, LLC	−109K −85.3%	19K	$1.4M
State Street Corp Index funds	−107K −1.8%	5.9M	$445M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Zimmer Partners, LP Hedge fund	−1.5M −44.1%	1.8M	$140M
Two Sigma Investments, LP Hedge fund	−507K −12.5%	3.5M	$268M
Engineers Gate Manager LP Hedge fund	−501K −84.8%	90K	$6.8M
Schonfeld Strategic Advisors LLC Hedge fund	−223K −54.7%	184K	$14M
Voloridge Investment Management, LLC Hedge fund	−210K −27.6%	551K	$41.7M
Alyeska Investment Group, L.P. Hedge fund	−199K −32.8%	409K	$30.9M
Frontier Capital Management Co LLC Active manager	−158K −14.4%	943K	$71.4M
LMR Partners LLP Hedge fund	−135K Sold out	0	—
Gotham Asset Management, LLC Hedge fund	−104K −27.5%	275K	$20.8M
Edgestream Partners, L.P. Hedge fund	−93K −64.6%	51K	$3.8M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Canada Pension Plan Investment Board	1.2M	$92.5M
Jefferies Financial Group Inc.	524K	$39.7M
Vision Capital Corp	209K	$15.9M
Freestone Grove Partners LPHedge fund	161K	$12.2M
Hudson Bay Capital Management LPHedge fund	150K	$11.4M
Caisse De Depot Et Placement Du Quebec	124K	$9.4M
Exoduspoint Capital Management, LPHedge fund	52K	$3.9M
Oak Thistle LLC	33K	$2.5M
Readystate Asset Management LP	31K	$2.4M
Jane Street Group, LLC	25K	$1.9M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
PGGM Investments	933K	$70.3M
Strs Ohio	247K	$18.6M
Mitsubishi Ufj Trust & Banking Corp	151K	$11.4M
Cander Asset Management LP	140K	$10.5M
Allspring Global Investments Holdings, LLC	137K	$10.4M
LMR Partners LLPHedge fund	135K	$10.2M
Aptus Capital Advisors, LLC	93K	$7M
Brummer Multi-Strategy AB	87K	$6.6M
BAMCO IncActive manager	83K	$6.3M
Panagora Asset Management IncActive manager	43K	$3.2M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 494
Ten largest holders: 52.6%
Index fund managers: 34.0%
Active managers and hedge funds: 13.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	25	27	3	6	−987K	−5.0%
Index fund managers	8	3	0	0	+1.9M	+4.1%
Other institutions	208	177	40	42	+615K	+0.8%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Agree Realty.

Only managers that filed a holdings report for both quarters are compared (536 here). 13 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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