Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionM&t Bank Corp
Latest Disclosed Ownership33,527 shares
Latest Disclosed Value $ 2,527,265
M&t Bank Corp reports 7.41% decrease in ownership of ADC / Agree Realty Corporation

On May 12, 2026 - M&t Bank Corp filed a 13F-HR form disclosing ownership of 33,527 shares of Agree Realty Corporation (MX:ADC) valued at $2,527,265 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on January 30, 2026 disclosing 36,212 shares of Agree Realty Corporation. This represents a change in shares of -7.41% 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)
2026-05-12 2026-03-31 13F AGREE RLTY COM 008492100 33,527 -2,685 -7.41 2,527 -3.11 0.0020
2026-01-30 2025-12-31 13F/A-1 AGREE RLTY COM 008492100 36,212 8,252 29.51 2,608 31.39 0.0084
2026-01-28 2025-12-31 13F AGREE RLTY COM 008492100 104,734 76,774 22,429 0.0134
2025-11-14 2025-09-30 13F AGREE RLTY COM 008492100 27,960 -9,596 -25.55 1,986 -27.66 0.0067
2025-08-13 2025-06-30 13F AGREE RLTY COM 008492100 37,556 4,104 12.27 2,744 6.27 0.0094
2025-04-30 2025-03-31 13F AGREE RLTY COM 008492100 33,452 -1,611 -4.59 2,583 4.53 0.0094
2025-02-06 2024-12-31 13F AGREE RLTY COM 008492100 35,063 1,607 4.80 2,470 -1.98 0.0083
2024-11-19 2024-09-30 13F/A-1 AGREE RLTY COM 008492100 33,456 -2,976 -8.17 2,520 11.70 0.0083
2024-11-15 2024-09-30 13F ABBOTT LABS COM 008492100 506,710 470,278 57,770 0.0347
2024-07-31 2024-06-30 13F AGREE RLTY COM 008492100 36,432 2,068 6.02 2,256 14.93 0.0077
2024-05-07 2024-03-31 13F AGREE RLTY COM 008492100 34,364 1,866 5.74 1,963 -4.01 0.0068
2024-02-06 2023-12-31 13F AGREE RLTY COM 008492100 32,498 -381 -1.16 2,046 12.61 0.0075
2023-11-02 2023-09-30 13F AGREE RLTY COM 008492100 32,879 91 0.28 1,817 -15.26 0.0072
2023-08-09 2023-06-30 13F AGREE RLTY COM 008492100 32,788 919 2.88 2,144 -1.97 0.0080
2023-05-11 2023-03-31 13F AGREE RLTY COM 008492100 31,869 -2,582 -7.49 2,187 -10.52 0.0085
2023-02-13 2022-12-31 13F/A-1 AGREE RLTY COM 008492100 34,451 1,898 5.83 2,443 11.05 0.0098
2023-02-13 2022-12-31 13F AGNICO EAGLE MINES COM 008492100 27,689 -4,864 1,961 0.0079
2022-11-17 2022-09-30 13F/A-1 AGREE RLTY COM 008492100 32,553 77 0.24 2,200 10.00 0.0098
2022-11-14 2022-09-30 13F AGREE RLTY COM 008492100 32,553 77 2,200 0.0019
2022-08-05 2022-06-30 13F AGREE RLTY COM 008492100 32,476 10,973 51.03 2,000 40.25 0.0094
2022-05-09 2022-03-31 13F AGREE REALTY COM 008492100 21,503 1,338 6.64 1,426 -0.90 0.0063
2022-02-07 2021-12-31 13F AGREE RLTY COM 008492100 20,165 3,145 18.48 1,439 27.68 0.0060
2021-10-28 2021-09-30 13F AGREE RLTY COM 008492100 17,020 793 4.89 1,127 -1.40 0.0051
2021-08-13 2021-06-30 13F AGREE RLTY COM 008492100 16,227 580 3.71 1,143 8.55 0.0050
2021-05-06 2021-03-31 13F AGREE REALTY COM 008492100 15,647 3,638 30.29 1,053 31.63 0.0045
2021-02-12 2020-12-31 13F AGREE REALTY COM 008492100 12,009 4,656 63.32 800 70.94 0.0035
2020-11-06 2020-09-30 13F AGREE REALTY COM 008492100 7,353 119 1.65 468 -1.68 0.0023
2020-07-29 2020-06-30 13F AGREE REALTY COM 008492100 7,234 737 11.34 476 18.41 0.0026
2020-05-14 2020-03-31 13F AGREE REALTY COM 008492100 6,497 2,213 51.66 402 33.55 0.0024
2020-02-07 2019-12-31 13F AGREE REALTY COM 008492100 4,284 487 12.83 301 8.27 0.0014
2019-11-12 2019-09-30 13F AGREE REALTY COM 008492100 3,797 148 4.06 278 19.31 0.0014
2019-08-12 2019-06-30 13F AGREE REALTY COM 008492100 3,649 382 11.69 233 3.10 0.0012
2019-05-15 2019-03-31 13F AGREE REALTY COM 008492100 3,267 3,267 226 0.0012
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.