Agree Realty Corporation
Agree Realty Corporation (ADC) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · ADC · as of Sep 30, 2025
Ownership Breakdown
489
Institutional Holders
▲ 7 vs Q2
$8.97B
Total Inst. Value
▼ $180.62M vs Q2
120.10M
Shares Outstanding
freeFloat 97.95%
126.29M
13F Shares Held
▲ 1.13M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
ADC largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. real estate investment trusts | 16.06M | 15.00% | 15.00% | $1.14T | Nov 12, 2025 | ▲ 785.9K |
VANGUARD GROUP INC real estate investment trusts | 15.65M | 14.62% | 14.62% | $1.11T | Nov 7, 2025 | ▲ 329.9K |
COHEN & STEERS, INC. real estate investment trusts | 13.45M | 12.56% | 12.56% | $955.14B | Nov 14, 2025 | ▲ 1.05M |
STATE STREET CORP real estate investment trusts | 5.79M | 5.41% | 5.41% | $412.95B | Nov 14, 2025 | ▲ 27.5K |
CENTERSQUARE INVESTMENT MANAGEMENT LLC real estate investment trusts | 2.90M | 2.71% | 2.71% | $205.75B | Nov 12, 2025 | ▲ 51.3K |
DEUTSCHE BANK AG\ real estate investment trusts | 2.60M | 2.43% | 2.43% | $184.42B | Nov 13, 2025 | ▼ 368.9K |
GEODE CAPITAL MANAGEMENT, LLC real estate investment trusts | 2.39M | 2.23% | 2.23% | $169.99B | Nov 12, 2025 | ▼ 287.8K |
PRINCIPAL FINANCIAL GROUP INC real estate investment trusts | 2.38M | 2.22% | 2.22% | $168.73B | Nov 4, 2025 | ▼ 128.1K |
DAIWA SECURITIES GROUP INC. real estate investment trusts | 2.36M | 2.21% | 2.21% | $167.82B | Nov 14, 2025 | ▲ 15.4K |
TWO SIGMA ADVISERS, LP real estate investment trusts | 2.17M | 2.02% | 2.02% | $153.86B | Nov 14, 2025 | ▲ 27.7K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
27
Increased
+7.50M shares0
New Positions
first time holders21
Decreased
−3.38M shares0
Sold Out
fully exitedNet shares change (top 50)
+4.12M
+7.50M / −3.38M
Net new holders
+6
0 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
ADC insider trading · insider activity
Source: SEC Form 4
Insiders have been net buyers of shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
1
Buy transactions
1
Sell transactions
1.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
AGREE RICHARD EXECUTIVE CHAIRMAN OF BOARD | Jun 4, 2026 | Purchase | 5,000 | $71.41 | $357.1K | 90.5K | Form 4 ↗ |
RAKOLTA JOHN JR director | May 15, 2026 | Purchase | 20,000 | $74.57 | $1.49M | 595.8K | Form 4 ↗ |
Frankel Merrie S. director | May 14, 2026 | Award | 432 | — | — | 11.1K | Form 4 ↗ |
Dearing Karen director | May 14, 2026 | Award | 2,159 | — | — | 15.6K | Form 4 ↗ |
He Linglong director | May 14, 2026 | Award | 1,328 | $75.28 | $100.0K | 9.7K | Form 4 ↗ |
He Linglong director | May 14, 2026 | Award | 2,159 | — | — | 8.3K | Form 4 ↗ |
Hollman Michael director | May 14, 2026 | Award | 2,159 | — | — | 10.3K | Form 4 ↗ |
Judlowe Michael director | May 14, 2026 | Award | 1,328 | $75.28 | $100.0K | 15.3K | Form 4 ↗ |
Judlowe Michael director | May 14, 2026 | Award | 2,159 | — | — | 14.0K | Form 4 ↗ |
RAKOLTA JOHN JR director | May 14, 2026 | Award | 1,328 | $75.28 | $100.0K | 573.8K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Agree Realty Corporation (ADC) is primarily owned by institutional investors, who hold approximately 100.0% of total shares outstanding. Company insiders own approximately 2.05%, while retail and public investors account for the remaining 0.00%.
The largest institutional shareholder of Agree Realty Corporation is BLACKROCK, INC., holding approximately 16.06 million shares — equal to 15.00% of outstanding shares — as of September 30, 2025.
A total of 489 institutional investors currently hold ADC stock, with a combined institutional value of approximately $8.97 billion as of the most recent 13F filing period.
Frequently asked questions
ADC ownershipAgree Realty Corporation (ADC) is primarily owned by institutional investors, who hold approximately 100.0% of shares. The largest shareholder is BLACKROCK, INC. with a 15.00% stake. Company insiders hold 2.05%. Data sourced from SEC Form 13F as of September 30, 2025.