Agree Realty Corporation (ADC) Ownership
ADC ownership summary
as of October 18, 2026- Institutions
- 117.7% of shares outstanding
- Insiders
- 1.77% of shares outstanding
- Shares outstanding
- 124.4M
- Float
- 121.8M shares available to trade
- Short interest
- 7.06% 7.8M shares short
- Days to cover
- 4.92 short interest up 24.9% vs prior month
- Institutions 117.75%
- Insiders 1.77%
ADC top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 15.37% | 19.1M | $1.28B | +1.2M (+6.8%) | June 30, 2026 |
| 2 | Cohen & Steers Inc | 13.19% | 16.4M | $1.10B | −1.5M (−8.2%) | June 30, 2026 |
| 3 | Vanguard Portfolio Management, LLC | 8.51% | 10.6M | $709.9M | +328,505 (+3.2%) | June 30, 2026 |
| 4 | State Street Corp | 4.71% | 5.9M | $392.8M | −107,444 (−1.8%) | June 30, 2026 |
| 5 | Vanguard Capital Management, LLC | 4.35% | 5.4M | $362.4M | +58,711 (+1.1%) | June 30, 2026 |
| 6 | Principal Financial Group Inc | 3.75% | 4.7M | $312.6M | +136,291 (+3.0%) | June 30, 2026 |
| 7 | CenterSquare Investment Management LLC | 3.00% | 3.7M | $250.1M | +301,342 (+8.8%) | June 30, 2026 |
| 8 | Two Sigma Investments LLC | 2.84% | 3.5M | $237.0M | −506,635 (−12.5%) | June 30, 2026 |
| 9 | Daiwa Securities Group Inc | 2.35% | 2.9M | $195.9M | −39,878 (−1.3%) | June 30, 2026 |
| 10 | Geode Capital Management, LLC | 2.24% | 2.8M | $186.5M | +82,464 (+3.1%) | June 30, 2026 |
| 11 | Charles Schwab Investment Management Inc | 1.77% | 2.2M | $147.3M | +86,679 (+4.1%) | June 30, 2026 |
| 12 | Zimmer Partners LP | 1.48% | 1.8M | $123.6M | −1.5M (−44.1%) | June 30, 2026 |
| 13 | Dimensional Fund Advisors, Inc. | 1.44% | 1.8M | $120.3M | +23,523 (+1.3%) | June 30, 2026 |
| 14 | Prudential Financial Inc | 1.44% | 1.8M | $119.8M | −119,826 (−6.3%) | June 30, 2026 |
| 15 | Bank of America Corp | 1.39% | 1.7M | $115.9M | +201,999 (+13.2%) | June 30, 2026 |
| 16 | Millennium Management LLC | 1.27% | 1.6M | $106.1M | +484,191 (+44.1%) | June 30, 2026 |
| 17 | NORGES BANK | 1.25% | 1.6M | $104.0M | −60,769 (−3.8%) | June 30, 2026 |
| 18 | Morgan Stanley - Brokerage Accounts | 1.23% | 1.5M | $102.3M | +206,242 (+15.6%) | June 30, 2026 |
| 19 | Delaware Management Holdings Inc | 1.22% | 1.5M | $101.8M | +121,385 (+8.7%) | June 30, 2026 |
| 20 | Deutsche Bank AG | 1.11% | 1.4M | $92.7M | +46,716 (+3.5%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 13 holders added 3.3M shares and 7 cut 3.7M.
ADC top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Vanguard Real Estate Index Investor | 3.66% | 4.5M | $304.9M | +32,417 (+0.7%) | September 30, 2026 |
| 2 | iShares Core S&P Mid-Cap ETF | 3.56% | 4.4M | $296.6M | −1,584 (−0.0%) | September 30, 2026 |
| 3 | Vanguard MStar Total Stk Mkt Idx Invest | 3.06% | 3.8M | $255.3M | −15,159 (−0.4%) | August 31, 2026 |
| 4 | Cohen & Steers Instl Realty Shares | 2.29% | 2.8M | $191.0M | — | September 30, 2026 |
| 5 | Vanguard Small Cap Index | 2.25% | 2.8M | $187.8M | +36,940 (+1.3%) | September 30, 2026 |
| 6 | Cohen & Steers Realty Shares L | 2.05% | 2.5M | $170.6M | −52,472 (−2.0%) | September 30, 2026 |
| 7 | Vanguard MStar Small Cap Value Index | 1.47% | 1.8M | $122.2M | +67,186 (+3.8%) | September 30, 2026 |
| 8 | Principal Real Estate Securities R5 | 1.06% | 1.3M | $88.2M | — | September 30, 2026 |
| 9 | Schwab US REIT ETF™ | 0.78% | 976K | $65.4M | +505 (+0.1%) | September 30, 2026 |
| 10 | State Street® SPDR® S&P MIDCAP 400® ETF | 0.74% | 918K | $61.6M | +41,299 (+4.7%) | September 30, 2026 |
| 11 | Vanguard Real Estate II Index | 0.65% | 805K | $54.0M | +5,800 (+0.7%) | September 30, 2026 |
| 12 | Cohen & Steers Global Realty I | 0.55% | 684K | $45.9M | −4,608 (−0.7%) | September 30, 2026 |
| 13 | American Century Mid Cap Value Inv | 0.54% | 677K | $45.4M | +345,634 (+104.4%) | September 30, 2026 |
| 14 | State Street SPDR Port S&P 400 Md CpETF | 0.53% | 657K | $44.0M | −920 (−0.1%) | September 30, 2026 |
| 15 | Schwab US Small-Cap ETF™ | 0.53% | 654K | $43.8M | +441 (+0.1%) | September 30, 2026 |
| 16 | American Funds Fundamental Invs A | 0.52% | 646K | $43.3M | +646,215 (0.0%) | September 30, 2026 |
| 17 | DFA Real Estate Securities I | 0.50% | 623K | $41.8M | −13,255 (−2.1%) | August 31, 2026 |
| 18 | Fidelity Extended Market Index | 0.47% | 589K | $39.5M | −7,678 (−1.3%) | August 31, 2026 |
| 19 | Janus Henderson Mid Cap Value D | 0.46% | 572K | $38.3M | — | August 31, 2026 |
| 20 | Bahl & Gaynor Sm/Md Cp Inc Gr ETF | 0.46% | 567K | $38.0M | +1,476 (+0.3%) | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
ADC insider transactions
latest 13| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-01 | John Rakolta Jr | Buy | $75.69 | 146 | $11,051 |
| 2026-01-15 | Gilbert Ray Cisneros, Jr. | Sell | $71.97 | — | — |
| 2026-01-09 | Peter Coughenour | Buy | $69.80 | 500 | $34,900 |
| 2026-01-09 | Richard Agree | Buy | $70.67 | 24,000 | $1.7M |
| 2025-12-24 | John Rakolta Jr | Buy | $72.18 | 15,000 | $1.1M |
| 2025-10-07 | John Rakolta Jr | Buy | $70.41 | 25,154 | $1.8M |
| 2025-10-03 | Craig Erlich | Buy | $70.84 | 360 | $25,502 |
| 2025-10-02 | Joey Agree | Buy | $70.63 | 3,528 | $249,183 |
| 2025-09-25 | Lisa C. McClain | Sell | $70.52 | — | — |
| 2025-09-05 | Greg Lehmkuhl | Buy | $72.84 | 750 | $54,630 |
| 2025-08-14 | Joey Agree | Buy | $72.08 | 2,100 | $151,368 |
| 2025-08-13 | Joey Agree | Buy | $72.15 | 4,108 | $296,392 |
| 2025-08-13 | Joey Agree | Buy | $72.15 | 742 | $53,535 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
ADC shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns ADC
Institutional investors own 117.7% of Agree Realty's shares and insiders 1.77%. The largest holder is BlackRock Inc with 15.37% of the shares (19.1M), as of June 30, 2026. Among the top 20 institutions, 13 added shares and 7 reduced their stake in the latest filings. Short interest is 7.06% of the float, or 4.92 days of average trading volume. The share count rose 644.3% since 2014.
Related: ADC analyst forecast, ADC key metrics, ADC dividend history. See the ADC stock overview for the latest quote and news.
ADC ownership FAQ
Who owns the most Agree Realty stock?
The largest shareholders of Agree Realty are BlackRock Inc (15.37%), Cohen & Steers Inc (13.19%), Vanguard Portfolio Management, LLC (8.51%), State Street Corp (4.71%), Vanguard Capital Management, LLC (4.35%).
What percentage of Agree Realty is owned by institutions?
Institutions hold 117.7% of Agree Realty's shares outstanding; insiders hold 1.77%.
Which funds own Agree Realty?
The largest fund holders of Agree Realty are Vanguard Real Estate Index Investor (3.66%), iShares Core S&P Mid-Cap ETF (3.56%), Vanguard MStar Total Stk Mkt Idx Invest (3.06%), Cohen & Steers Instl Realty Shares (2.29%), Vanguard Small Cap Index (2.25%).
What is Agree Realty's short interest?
7.8M shares of Agree Realty were sold short, 7.06% of the float; at the average daily volume it would take 4.92 days to cover.
Are insiders buying or selling Agree Realty?
Of the latest 13 reported insider transactions in Agree Realty (since August 13, 2025), 11 were purchases and 2 were sales.
How many shares of Agree Realty are outstanding?
Agree Realty has 124.4M shares outstanding, of which 121.8M are in the public float.