Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionAqr Capital Management Llc
ManagerCliff Asness
Latest Disclosed Ownership269,084 shares
Latest Disclosed Value $ 20,122,094
Aqr Capital Management Llc reports 17.23% decrease in ownership of ADC / Agree Realty Corporation

On May 15, 2026 - Aqr Capital Management Llc filed a 13F-HR form disclosing ownership of 269,084 shares of Agree Realty Corporation (MX:ADC) valued at $20,122,094 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 325,082 shares of Agree Realty Corporation. This represents a change in shares of -17.23% 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)
2026-05-15 2026-03-31 13F AGREE RLTY COM 008492100 269,084 -55,998 -17.23 20,122 -14.06 0.0092
2026-02-17 2025-12-31 13F AGREE RLTY COM 008492100 325,082 -24,712 -7.06 23,416 -4.95 0.0123
2025-11-14 2025-09-30 13F AGREE RLTY COM 008492100 349,794 22,039 6.72 24,634 4.04 0.0158
2025-08-14 2025-06-30 13F AGREE RLTY COM 008492100 327,755 47,602 16.99 23,677 9.49 0.0196
2025-05-15 2025-03-31 13F AGREE RLTY COM 008492100 280,153 223 0.08 21,625 9.83 0.0223
2025-02-14 2024-12-31 13F AGREE RLTY COM 008492100 279,930 -136,796 -32.83 19,690 -36.62 0.0254
2024-11-14 2024-09-30 13F AGREE RLTY COM 008492100 416,726 -46,142 -9.97 31,067 9.10 0.0429
2024-08-14 2024-06-30 13F AGREE RLTY COM 008492100 462,868 186,285 67.35 28,476 80.24 0.0436
2024-05-15 2024-03-31 13F AGREE RLTY COM 008492100 276,583 98,902 55.66 15,798 41.24 0.0269
2024-02-14 2023-12-31 13F AGREE RLTY COM 008492100 177,681 130,136 273.71 11,185 325.93 0.0211
2023-11-14 2023-09-30 13F AGREE RLTY COM 008492100 47,545 14,645 44.51 2,626 22.08 0.0054
2023-08-14 2023-06-30 13F AGREE RLTY COM 008492100 32,900 13,209 67.08 2,151 60.76 0.0046
2023-05-15 2023-03-31 13F AGREE RLTY COM 008492100 19,691 -1,211 -5.79 1,338 -9.72 0.0029
2023-02-14 2022-12-31 13F AGREE RLTY COM 008492100 20,902 480 2.35 1,483 7.39 0.0034
2022-11-14 2022-09-30 13F AGREE RLTY COM 008492100 20,422 8,954 78.08 1,380 66.87 0.0034
2022-08-15 2022-06-30 13F AGREE RLTY COM 008492100 11,468 2,369 26.04 827 36.92 0.0019
2022-05-16 2022-03-31 13F AGREE RLTY COM 008492100 9,099 -730 -7.43 604 -13.84 0.0011
2022-02-14 2021-12-31 13F AGREE RLTY COM 008492100 9,829 -318 -3.13 701 4.32 0.0013
2021-11-15 2021-09-30 13F AGREE RLTY COM 008492100 10,147 -624 -5.79 672 -11.46 0.0012
2021-08-16 2021-06-30 13F AGREE RLTY COM 008492100 10,771 2,682 33.16 759 39.52 0.0013
2021-05-17 2021-03-31 13F AGREE REALTY COM 008492100 8,089 3,241 66.85 544 68.42 0.0009
2021-02-16 2020-12-31 13F AGREE REALTY COM 008492100 4,848 -6,201 -56.12 323 -54.05 0.0006
2020-11-16 2020-09-30 13F AGREE REALTY COM 008492100 11,049 -4,080 -26.97 703 -29.28 0.0012
2020-08-17 2020-06-30 13F AGREE REALTY COM 008492100 15,129 997 7.05 994 13.60 0.0016
2020-05-15 2020-03-31 13F AGREE REALTY COM 008492100 14,132 -5,542 -28.17 875 -36.64 0.0015
2020-02-14 2019-12-31 13F AGREE REALTY COM 008492100 19,674 -478 -2.37 1,381 -6.31 0.0016
2019-11-14 2019-09-30 13F AGREE REALTY COM 008492100 20,152 1,544 8.30 1,474 23.66 0.0017
2019-08-14 2019-06-30 13F AGREE REALTY COM 008492100 18,608 309 1.69 1,192 -6.07 0.0013
2019-05-14 2019-03-31 13F AGREE REALTY COM 008492100 18,299 10,477 133.94 1,269 174.68 0.0013
2019-02-14 2018-12-31 13F AGREE REALTY COM 008492100 7,822 -23,741 -75.22 462 -72.45 0.0005
2018-11-15 2018-09-30 13F/A-1 AGREE REALTY COM 008492100 31,563 -27,972 -46.98 1,677 -46.63 0.0016
2018-11-14 2018-09-30 13F AGREE REALTY COM 008492100 59,535 0 3,142
2018-08-14 2018-06-30 13F AGREE REALTY COM 008492100 59,535 -97,117 -62.00 3,142 -58.25 0.0032
2018-05-15 2018-03-31 13F AGREE REALTY COM 008492100 156,652 -34,104 -17.88 7,526 -23.31 0.0081
2018-02-14 2017-12-31 13F AGREE REALTY COM 008492100 190,756 -899 -0.47 9,813 4.33 0.0103
2017-11-14 2017-09-30 13F AGREE REALTY COM 008492100 191,655 74,299 63.31 9,406 74.74 0.0112
2017-08-14 2017-06-30 13F AGREE REALTY COM 008492100 117,356 45,364 63.01 5,383 55.89 0.0071
2017-05-15 2017-03-31 13F AGREE REALTY COM 008492100 71,992 -78,496 -52.16 3,453 -50.17 0.0046
2017-02-14 2016-12-31 13F AGREE REALTY COM 008492100 150,488 -27,224 -15.32 6,930 -21.13 0.0096
2016-11-14 2016-09-30 13F AGREE REALTY COM 008492100 177,712 53,342 42.89 8,787 46.47 0.0135
2016-08-15 2016-06-30 13F AGREE REALTY COM 008492100 124,370 3,462 2.86 5,999 28.98 0.0106
2016-07-29 2016-03-31 13F/A-1 AGREE REALTY COM 008492100 120,908 13,198 12.25 4,651 27.04 0.0084
2016-05-16 2016-03-31 13F AGREE REALTY COM 008492100 96,995 3,731
2016-02-16 2015-12-31 13F AGREE REALTY COM 008492100 107,710 21,948 25.59 3,661 43.01 0.0064
2015-11-16 2015-09-30 13F AGREE REALTY COM 008492100 85,762 17,566 25.76 2,560 28.71 0.0051
2015-08-14 2015-06-30 13F AGREE REALTY COM 008492100 68,196 18,096 36.12 1,989 20.40 0.0039
2015-05-15 2015-03-31 13F AGREE REALTY COM 008492100 50,100 -13,197 -20.85 1,652 -16.06 0.0038
2015-04-22 2014-12-31 13F/A-1 AGREE REALTY COM 008492100 63,297 -30,297 -32.37 1,968 -23.21 0.0041
2015-02-17 2014-12-31 13F AGREE REALTY COM 008492100 63,297 16,551
2014-11-14 2014-09-30 13F AGREE REALTY COM 008492100 93,594 -68,900 -42.40 2,563 -47.82 0.0070
2014-08-14 2014-06-30 13F AGREE REALTY COM 008492100 162,494 -16,900 -9.42 4,912 -9.95 0.0132
2014-05-15 2014-03-31 13F AGREE REALTY COM 008492100 179,394 75,800 73.17 5,455 81.47 0.0165
2014-02-14 2013-12-31 13F AGREE REALTY COM 008492100 103,594 42,600 69.84 3,006 63.28 0.0090
2013-11-14 2013-09-30 13F AGREE REALTY COM 008492100 60,994 53,000 663.00 1,841 680.08 0.0065
2013-08-14 2013-06-30 13F AGREE REALTY COM 008492100 7,994 -79,353 -90.85 236 -89.91 0.0008
2013-05-29 2012-12-31 13F/A-1 AGREE REALTY COM 008492100 87,347 87,347 2,340 0.0100
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.