Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionDaiwa Securities Group Inc.
Latest Disclosed Ownership2,961,683 shares
Latest Disclosed Value $ 223,251,665
Daiwa Securities Group Inc. reports 30.87% increase in ownership of ADC / Agree Realty Corporation

On May 13, 2026 - Daiwa Securities Group Inc. filed a 13F-HR form disclosing ownership of 2,961,683 shares of Agree Realty Corporation (MX:ADC) valued at $223,251,665 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 2,262,991 shares of Agree Realty Corporation. This represents a change in shares of 30.87% 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.

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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)
2026-05-13 2026-03-31 13F AGREE RLTY COM 008492100 2,961,683 698,692 30.87 223,252 136,863.80 0.3767
2026-02-10 2025-12-31 13F AGREE RLTY COM 008492100 2,262,991 -99,405 -4.21 163 -2.40 0.5208
2025-11-14 2025-09-30 13F AGREE RLTY COM 008492100 2,362,396 15,389 0.66 168 -2.34 0.5663
2025-08-14 2025-06-30 13F AGREE RLTY COM 008492100 2,347,007 -11,972 -0.51 171 -6.04 0.6329
2025-05-13 2025-03-31 13F AGREE RLTY COM 008492100 2,358,979 125,602 5.62 182 15.92 0.7698
2025-02-07 2024-12-31 13F AGREE RLTY COM 008492100 2,233,377 -116,679 -4.96 157 -11.30 0.7026
2024-11-12 2024-09-30 13F AGREE RLTY COM 008492100 2,350,056 534,545 29.44 177 58.04 0.8177
2024-08-07 2024-06-30 13F AGREE RLTY COM 008492100 1,815,511 650,921 55.89 112 69.70 0.5982
2024-05-02 2024-03-31 13F AGREE RLTY COM 008492100 1,164,590 -12,953 -1.10 67 -10.81 0.3754
2024-01-31 2023-12-31 13F AGREE RLTY COM 008492100 1,177,543 21,254 1.84 74 17.46 0.4611
2023-11-01 2023-09-30 13F AGREE RLTY COM 008492100 1,156,289 5,095 0.44 64 -16.00 0.4551
2023-07-31 2023-06-30 13F AGREE RLTY COM 008492100 1,151,194 -10,611 -0.91 75 -5.06 0.4978
2023-05-02 2023-03-31 13F AGREE RLTY COM 008492100 1,161,805 53,039 4.78 80 1.28 0.5543
2023-02-06 2022-12-31 13F AGREE RLTY COM 008492100 1,108,766 4,740 0.43 79 -99.90 0.6040
2022-11-02 2022-09-30 13F AGREE RLTY COM 008492100 1,104,026 -214,378 -16.26 74,610 -21.54 0.6198
2022-08-09 2022-06-30 13F AGREE RLTY COM 008492100 1,318,404 -11,116 -0.84 95,096 7.79 0.7265
2022-04-29 2022-03-31 13F AGREE RLTY COM 008492100 1,329,520 -11,363 -0.85 88,227 -7.80 0.4080
2022-02-03 2021-12-31 13F AGREE RLTY COM 008492100 1,340,883 112,128 9.13 95,686 17.58 0.5628
2021-11-05 2021-09-30 13F AGREE RLTY COM 008492100 1,228,755 -16,131 -1.30 81,380 -7.26 0.5350
2021-08-06 2021-06-30 13F AGREE RLTY COM 008492100 1,244,886 1,105 0.09 87,752 4.82 0.5911
2021-05-03 2021-03-31 13F AGREE REALTY COM 008492100 1,243,781 251,355 25.33 83,719 26.70 0.6230
2021-02-04 2020-12-31 13F AGREE REALTY COM 008492100 992,426 980,283 8,072.82 66,076 8,447.99 0.5108
2020-11-02 2020-09-30 13F AGREE REALTY COM 008492100 12,143 2,643 27.82 773 31.46 0.0070
2020-08-11 2020-06-30 13F AGREE REALTY COM 008492100 9,500 0 0.00 588 0.00 0.0124
2020-05-14 2020-03-31 13F AGREE REALTY COM 008492100 9,500 2,000 26.67 588 11.79 0.0061
2020-01-31 2019-12-31 13F AGREE REALTY COM 008492100 7,500 0 0.00 526 -4.19 0.0043
2019-11-04 2019-09-30 13F AGREE REALTY COM 008492100 7,500 900 13.64 549 29.79 0.0047
2019-07-24 2019-06-30 13F AGREE REALTY COM 008492100 6,600 -4,100 -38.32 423 -42.99 0.0037
2019-04-26 2019-03-31 13F AGREE REALTY COM 008492100 10,700 2,300 27.38 742 49.30 0.0065
2019-02-05 2018-12-31 13F AGREE REALTY COM 008492100 8,400 4,000 90.91 497 112.39 0.0048
2018-11-01 2018-09-30 13F AGREE REALTY COM 008492100 4,400 400 10.00 234 10.90 0.0020
2018-07-30 2018-06-30 13F AGREE REALTY COM 008492100 4,000 0 0.00 211 9.90 0.0017
2018-05-02 2018-03-31 13F AGREE REALTY COM 008492100 4,000 900 29.03 192 20.75 0.0015
2018-02-06 2017-12-31 13F AGREE REALTY COM 008492100 3,100 400 14.81 159 19.55 0.0011
2017-11-02 2017-09-30 13F AGREE REALTY COM 008492100 2,700 100 3.85 133 11.76 0.0009
2017-07-28 2017-06-30 13F AGREE REALTY COM 008492100 2,600 600 30.00 119 23.96 0.0008
2017-05-02 2017-03-31 13F AGREE REALTY COM 008492100 2,000 600 42.86 96 50.00 0.0006
2017-02-01 2016-12-31 13F AGREE REALTY COM 008492100 1,400 500 55.56 64 45.45 0.0004
2017-01-10 2016-09-30 13F/A-1 AGREE REALTY COM 008492100 900 100 12.50 44 12.82 0.0003
2016-11-04 2016-09-30 13F AGREE REALTY COM 008492100 900 44
2016-07-25 2016-06-30 13F AGREE REALTY COM 008492100 800 100 14.29 39 44.44 0.0002
2016-05-12 2016-03-31 13F AGREE REALTY COM 008492100 700 100 16.67 27 35.00 0.0002
2016-02-04 2015-12-31 13F AGREE REALTY COM 008492100 600 0 0.00 20 11.11 0.0001
2015-11-10 2015-09-30 13F AGREE REALTY COM 008492100 600 0 0.00 18 0.00 0.0001
2015-08-05 2015-06-30 13F AGREE REALTY COM 008492100 600 0 0.00 18 -10.00 0.0001
2015-05-12 2015-03-31 13F AGREE REALTY COM 008492100 600 100 20.00 20 25.00 0.0001
2015-02-13 2014-12-31 13F AGREE REALTY COM 008492100 500 100 25.00 16 45.45 0.0001
2014-11-12 2014-09-30 13F AGREE REALTY COM 008492100 400 0 0.00 11 -8.33 0.0001
2014-08-13 2014-06-30 13F/A-1 AGREE REALTY COM 008492100 400 0 12 0.0001
2014-08-13 2014-06-30 13F/A-2 AGREE REALTY COM 008492100 400 0 0.00 12 0.00 0.0003
2014-08-13 2014-06-30 13F AGREE REALTY COM 008492100 400 12
2014-05-14 2014-03-31 13F/A-1 AGREE REALTY COM 008492100 400 100 12 0.0001
2014-05-15 2014-03-31 13F/A-2 AGREE REALTY COM 008492100 400 100 33.33 12 33.33 0.0001
2014-05-13 2014-03-31 13F AGREE REALTY COM 008492100 400 12
2014-02-13 2013-12-31 13F AGREE REALTY COM 008492100 300 0 0.00 9 0.00 0.0001
2013-11-14 2013-09-30 13F AGREE REALTY COM 008492100 300 0 0.00 9 0.00 0.0001
2013-08-16 2013-06-30 13F/A-1 AGREE REALTY COM 008492100 300 300 9 0.0001
2013-08-13 2013-06-30 13F AGREE REALTY COM 008492100 300 9
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.