Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership4,571 shares
Latest Disclosed Value $ 344,562
Baird Financial Group, Inc. reports 2.52% decrease in ownership of ADC / Agree Realty Corporation

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 4,571 shares of Agree Realty Corporation (MX:ADC) valued at $344,562 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 4,689 shares of Agree Realty Corporation. This represents a change in shares of -2.52% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F AGREE RLTY COM 008492100 4,571 -118 -2.52 345 2.08 0.0005
2026-02-13 2025-12-31 13F AGREE RLTY CORP COM COMMON 008492100 4,689 113 2.47 338 3.69 0.0005
2025-11-13 2025-09-30 13F AGREE RLTY COMMON 008492100 4,576 -12 -0.26 325 -2.99 0.0005
2025-08-13 2025-06-30 13F AGREE RLTY CORP COM COMMON 008492100 4,588 -27 -0.59 335 -5.90 0.0006
2025-05-15 2025-03-31 13F AGREE RLTY CORP COM COMMON 008492100 4,615 -63 -1.35 356 8.21 0.0007
2025-02-14 2024-12-31 13F AGREE RLTY COMMON 008492100 4,678 104 2.27 330 -4.36 0.0006
2024-11-14 2024-09-30 13F AGREE RLTY COMMON 008492100 4,574 0 0.00 345 21.55 0.0007
2024-08-14 2024-06-30 13F AGREE RLTY COMMON 008492100 4,574 -292 -6.00 283 2.17 0.0006
2024-05-14 2024-03-31 13F AGREE RLTY COMMON 008492100 4,866 -550 -10.16 278 -18.53 0.0006
2024-02-14 2023-12-31 13F AGREE RLTY COMMON 008492100 5,416 -1,110 -17.01 341 -5.56 0.0008
2023-11-13 2023-09-30 13F AGREE RLTY COMMON 008492100 6,526 -7 -0.11 360 -15.69 0.0010
2023-08-11 2023-06-30 13F AGREE RLTY COMMON 008492100 6,533 -305 -4.46 427 -8.96 0.0011
2023-05-15 2023-03-31 13F AGREE RLTY COMMON 008492100 6,838 26 0.38 469 0.0012
2023-02-13 2022-12-31 13F AGREE RLTY COMMON 008492100 6,812 171 2.57 0 -100.00 0.0013
2022-11-15 2022-09-30 13F AGREE RLTY COMMON 008492100 6,641 -653 -8.95 449 -14.64 0.0013
2022-08-08 2022-06-30 13F AGREE RLTY COMMON 008492100 7,294 542 8.03 526 17.41 0.0015
2022-05-13 2022-03-31 13F AGREE RLTY COMMON 008492100 6,752 -27,958 -80.55 448 -81.91 0.0011
2022-02-09 2021-12-31 13F AGREE REALTY COMMON 008492100 34,710 -40,861 -54.07 2,477 -50.51 0.0058
2021-11-12 2021-09-30 13F AGREE REALTY COMMON 008492100 75,571 -3,061 -3.89 5,005 -9.71 0.0128
2021-08-11 2021-06-30 13F AGREE REALTY COMMON 008492100 78,632 -925 -1.16 5,543 3.51 0.0144
2021-05-13 2021-03-31 13F AGREE REALTY COMMON 008492100 79,557 -2,253 -2.75 5,355 -1.69 0.0150
2021-02-11 2020-12-31 13F AGREE REALTY COMMON 008492100 81,810 -1,866 -2.23 5,447 2.29 0.0163
2020-11-12 2020-09-30 13F AGREE REALTY COMMON 008492100 83,676 -25,201 -23.15 5,325 -25.57 0.0182
2020-10-22 2020-06-30 13F/A-1 AGREE REALTY COMMON 008492100 108,877 5,369 5.19 7,154 11.66 0.0269
2020-08-14 2020-06-30 13F AGREE REALTY COMMON 008492100 109,170 5,662 7,643 15,146.6895
2020-05-14 2020-03-31 13F AGREE REALTY COMMON 008492100 103,508 -3,781 -3.52 6,407 -14.89 0.0293
2020-02-14 2019-12-31 13F AGREE REALTY COMMON 008492100 107,289 -13,354 -11.07 7,528 -14.70 0.0270
2019-11-14 2019-09-30 13F AGREE REALTY COMMON 008492100 120,643 -10,506 -8.01 8,825 5.06 0.0348
2019-08-14 2019-06-30 13F AGREE REALTY COMMON 008492100 131,149 -652 -0.49 8,400 -8.09 0.0327
2019-05-14 2019-03-31 13F AGREE REALTY COMMON 008492100 131,801 -21,256 -13.89 9,139 0.99 0.0534
2019-02-14 2018-12-31 13F AGREE REALTY COMMON 008492100 153,057 -1,158 -0.75 9,049 11.90 0.0614
2018-11-13 2018-09-30 13F AGREE REALTY COMMON 008492100 154,215 3,928 2.61 8,087 1.97 0.0507
2018-08-13 2018-06-30 13F AGREE REALTY COMMON 008492100 150,287 558 0.37 7,931 10.26 0.0538
2018-05-14 2018-03-31 13F AGREE REALTY COMMON 008492100 149,729 1,200 0.81 7,193 -5.85 0.0506
2018-02-09 2017-12-31 13F AGREE REALTY COMMON 008492100 148,529 -10,163 -6.40 7,640 -1.91 0.0541
2017-11-14 2017-09-30 13F AGREE REALTY COMMON 008492100 158,692 -6,993 -4.22 7,789 2.49 0.0587
2017-08-14 2017-06-30 13F AGREE REALTY COMMON 008492100 165,685 -8,405 -4.83 7,600 -8.97 0.0595
2017-06-19 2017-03-31 13F/A-1 AGREE REALTY COMMON 008492100 174,090 -6,301 -3.49 8,349 0.51 0.0675
2017-05-09 2017-03-31 13F AGREE REALTY COMMON 008492100 174,090 8,349
2017-02-10 2016-12-31 13F AGREE REALTY COMMON 008492100 180,391 -7,398 -3.94 8,307 -10.52 0.0721
2016-11-10 2016-09-30 13F AGREE REALTY COMMON 008492100 187,789 582 0.31 9,284 2.80 0.0832
2016-08-11 2016-06-30 13F AGREE REALTY COMMON 008492100 187,207 3,157 1.72 9,031 27.56 0.0828
2016-05-12 2016-03-31 13F AGREE REALTY COMMON 008492100 184,050 169,867 1,197.68 7,080 1,368.88 0.0677
2016-02-11 2015-12-31 13F AGREE RLTY COMMON 008492100 14,183 -772 -5.16 482 8.07 0.0048
2015-11-12 2015-09-30 13F AGREE RLTY COMMON 008492100 14,955 -1,983 -11.71 446 -9.72 0.0047
2015-08-14 2015-06-30 13F AGREE RLTY COMMON 008492100 16,938 16,938 494 0.0049
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.