Agree Realty Corporation
US ˙ NYSE ˙ US0084921008

SecurityADC / Agree Realty Corporation
InstitutionSei Investments Co
Latest Disclosed Ownership826,316 shares
Latest Disclosed Value $ 59,519,269
Sei Investments Co reports 20.84% increase in ownership of ADC / Agree Realty Corporation

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 826,316 shares of Agree Realty Corporation (US:ADC) valued at $59,519,541 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 683,794 shares of Agree Realty Corporation. This represents a change in shares of 20.84% during the quarter. The current value of the position is $59,519,541 USD.

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)
2026-02-13 2025-12-31 13F AGREE RLTY COM 008492100 826,316 142,522 20.84 59,519 22.53 0.0588
2025-11-13 2025-09-30 13F AGREE RLTY COM 008492100 683,794 42,569 6.64 48,577 3.69 0.0522
2025-08-14 2025-06-30 13F AGREE RLTY COM 008492100 641,225 54,952 9.37 46,848 3.52 0.0543
2025-05-14 2025-03-31 13F/A-1 AGREE RLTY COM 008492100 586,273 132,020 29.06 45,255 41.41 0.0582
2025-05-13 2025-03-31 13F AGREE RLTY COM 008492100 462,078 7,825 32,678 0.0355
2025-02-11 2024-12-31 13F AGREE RLTY COM 008492100 454,253 216,852 91.34 32,002 78.95 0.0411
2024-11-12 2024-09-30 13F AGREE RLTY COM 008492100 237,401 180,572 317.75 17,883 408.04 0.0232
2024-08-13 2024-06-30 13F AGREE RLTY COM 008492100 56,829 22,374 64.94 3,520 78.86 0.0050
2024-05-07 2024-03-31 13F AGREE RLTY COM 008492100 34,455 -130,487 -79.11 1,968 -81.05 0.0029
2024-02-14 2023-12-31 13F AGREE RLTY COM 008492100 164,942 35,772 27.69 10,383 45.52 0.0167
2023-11-14 2023-09-30 13F AGREE RLTY COM 008492100 129,170 -24,292 -15.83 7,135 -28.89 0.0128
2023-08-11 2023-06-30 13F AGREE RLTY COM 008492100 153,462 -31,972 -17.24 10,035 -21.13 0.0175
2023-05-12 2023-03-31 13F AGREE RLTY COM 008492100 185,434 -34,269 -15.60 12,723 -18.36 0.0236
2023-02-10 2022-12-31 13F AGREE RLTY COM 008492100 219,703 -19,446 -8.13 15,583 -3.58 0.0346
2022-11-14 2022-09-30 13F AGREE RLTY COM 008492100 239,149 -22,760 -8.69 16,162 -14.41 0.0361
2022-08-15 2022-06-30 13F AGREE RLTY COM 008492100 261,909 245,153 1,463.08 18,882 1,593.45 0.0408
2022-05-13 2022-03-31 13F AGREE RLTY COM 008492100 16,756 -171,927 -91.12 1,115 -91.72 0.0022
2022-02-14 2021-12-31 13F AGREE RLTY COM 008492100 188,683 -15,625 -7.65 13,465 -0.49 0.0253
2021-11-12 2021-09-30 13F AGREE RLTY COM 008492100 204,308 -48,431 -19.16 13,531 -24.04 0.0284
2021-08-06 2021-06-30 13F AGREE RLTY COM 008492100 252,739 7,539 3.07 17,814 7.93 0.0395
2021-05-12 2021-03-31 13F AGREE REALTY COM 008492100 245,200 37,942 18.31 16,505 19.60 0.0416
2021-02-08 2020-12-31 13F AGREE REALTY COM 008492100 207,258 5,398 2.67 13,800 7.43 0.0357
2020-12-04 2020-09-30 13F/A-1 AGREE REALTY COM 008492100 201,860 -2,560 -1.25 12,846 -4.36 0.0372
2020-11-06 2020-09-30 13F AGREE REALTY COM 008492100 201,860 -2,560 12,846 30,930.3118
2020-08-17 2020-06-30 13F/A-1 AGREE REALTY COM 008492100 204,420 147,584 259.67 13,432 281.81 0.0417
2020-08-11 2020-06-30 13F AGREE REALTY COM 008492100 48,523 -8,313 3,405 9,236.2437
2020-05-14 2020-03-31 13F AGREE REALTY COM 008492100 56,836 8,313 17.13 3,518 3.32 0.0129
2020-02-06 2019-12-31 13F AGREE REALTY COM 008492100 48,523 -23,362 -32.50 3,405 -35.24 0.0102
2019-11-12 2019-09-30 13F AGREE REALTY COM 008492100 71,885 -34,023 -32.13 5,258 -22.48 0.0135
2019-08-14 2019-06-30 13F AGREE REALTY COM 008492100 105,908 -18,573 -14.92 6,783 -21.41 0.0222
2019-05-15 2019-03-31 13F AGREE REALTY COM 008492100 124,481 -27,640 -18.17 8,631 5.90 0.0290
2019-02-13 2018-12-31 13F AGREE REALTY COM 008492100 152,121 11,658 8.30 8,150 9.23 0.0290
2018-11-08 2018-09-30 13F AGREE REALTY COM 008492100 140,463 24,187 20.80 7,461 21.59 0.0270
2018-08-03 2018-06-30 13F AGREE REALTY COM 008492100 116,276 91,733 373.76 6,136 420.00 0.0209
2018-05-11 2018-03-31 13F AGREE REALTY COM 008492100 24,543 -44,477 -64.44 1,180 -66.76 0.0045
2018-02-08 2017-12-31 13F AGREE REALTY COM 008492100 69,020 39,871 136.78 3,550 148.08 0.0123
2017-11-06 2017-09-30 13F AGREE REALTY COM 008492100 29,149 8,432 40.70 1,431 50.63 0.0051
2017-07-31 2017-06-30 13F AGREE REALTY COM 008492100 20,717 3,977 23.76 950 18.31 0.0038
2017-05-05 2017-03-31 13F AGREE REALTY COM 008492100 16,740 -25,931 -60.77 803 -59.13 0.0035
2017-02-02 2016-12-31 13F AGREE REALTY COM 008492100 42,671 -2,907 -6.38 1,965 -12.82 0.0095
2016-11-04 2016-09-30 13F AGREE REALTY COM 008492100 45,578 31,600 226.07 2,254 234.42 0.0114
2016-08-11 2016-06-30 13F AGREE REALTY COM 008492100 13,978 736 5.56 674 32.16 0.0040
2016-05-10 2016-03-31 13F/A-1 AGREE REALTY COM 008492100 13,242 13,242 0.00 510 0.0032
2015-08-04 2015-06-30 13F AGREE REALTY COM 008492100 0 -275 -100.00 0 -100.00
2015-05-14 2015-03-31 13F/A-1 AGREE REALTY COM 008492100 275 275 7 0.0001
2015-05-01 2015-03-31 13F AGREE REALTY COM 008492100 275 7
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.