Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionBalyasny Asset Management Llc
Latest Disclosed Ownership212,524 shares
Latest Disclosed Value $ 16,020,059
Balyasny Asset Management Llc reports 66.44% decrease in ownership of ADC / Agree Realty Corporation

On May 15, 2026 - Balyasny Asset Management Llc filed a 13F-HR form disclosing ownership of 212,524 shares of Agree Realty Corporation (MX:ADC) valued at $16,020,059 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 633,227 shares of Agree Realty Corporation. This represents a change in shares of -66.44% 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)
2026-05-15 2026-03-31 13F AGREE RLTY COM 008492100 212,524 -420,703 -66.44 16,020 -64.88 0.0208
2026-02-17 2025-12-31 13F AGREE RLTY COM 008492100 633,227 -994,656 -61.10 45,611 -60.56 0.0579
2025-11-14 2025-09-30 13F AGREE RLTY COM 008492100 1,627,883 392,400 31.76 115,645 28.12 0.1466
2025-08-14 2025-06-30 13F AGREE RLTY COM 008492100 1,235,483 40,392 3.38 90,264 -2.15 0.1359
2025-05-15 2025-03-31 13F AGREE RLTY COM 008492100 1,195,091 1,012,363 554.03 92,249 616.61 0.1525
2025-02-14 2024-12-31 13F AGREE RLTY COM 008492100 182,728 31,972 21.21 12,873 13.36 0.0192
2024-11-14 2024-09-30 13F AGREE RLTY COM 008492100 150,756 150,756 11,356 0.0185
2024-08-14 2024-06-30 13F AGREE RLTY COM 008492100 0 -113,868 -100.00 0 -100.00
2024-05-13 2024-03-31 13F AGREE RLTY COM 008492100 113,868 113,868 6,504 0.0114
2024-02-14 2023-12-31 13F AGREE RLTY COM 008492100 0 -1,354,027 -100.00 0 -100.00
2023-11-14 2023-09-30 13F AGREE RLTY COM 008492100 1,354,027 522,293 62.80 74,796 37.53 0.1526
2023-08-14 2023-06-30 13F AGREE RLTY COM 008492100 831,734 140,311 20.29 54,387 14.65 0.1196
2023-05-15 2023-03-31 13F AGREE RLTY COM 008492100 691,423 395,040 133.29 47,439 125.66 0.1188
2023-02-14 2022-12-31 13F AGREE RLTY COM 008492100 296,383 -67,621 -18.58 21,022 -14.54 0.0575
2022-11-15 2022-09-30 13F AGREE RLTY COM 008492100 364,004 264,208 264.75 24,599 241.75 0.0755
2022-08-15 2022-06-30 13F AGREE RLTY COM 008492100 99,796 99,796 7,198 0.0234
2022-02-14 2021-12-31 13F AGREE RLTY COM 008492100 0 -202,834 -100.00 0 -100.00
2021-12-01 2021-09-30 13F/A-1 AGREE RLTY COM 008492100 202,834 82,151 68.07 13,434 57.92 0.0559
2021-11-15 2021-09-30 13F AGREE RLTY COM 008492100 202,834 82,151 13,434 0.0553
2021-08-16 2021-06-30 13F AGREE RLTY COM 008492100 120,683 99,031 457.38 8,507 483.87 0.0403
2021-05-17 2021-03-31 13F AGREE REALTY COM 008492100 21,652 -149,431 -87.34 1,457 -87.21 0.0072
2021-02-16 2020-12-31 13F AGREE REALTY COM 008492100 171,083 88,893 108.16 11,391 117.76 0.0633
2020-11-16 2020-09-30 13F AGREE REALTY COM 008492100 82,190 33,598 69.14 5,231 63.83 0.0383
2020-08-14 2020-06-30 13F AGREE REALTY COM 008492100 48,592 6,114 14.39 3,193 21.45 0.0277
2020-05-15 2020-03-31 13F AGREE REALTY COM 008492100 42,478 -159,641 -78.98 2,629 -81.46 0.0312
2020-02-14 2019-12-31 13F AGREE REALTY COM 008492100 202,119 202,119 14,183 0.0843
2019-11-14 2019-09-30 13F AGREE REALTY COM 008492100 0 -141,068 -100.00 0 -100.00
2019-08-14 2019-06-30 13F AGREE REALTY COM 008492100 141,068 141,068 9,035 0.0577
2019-02-14 2018-12-31 13F AGREE REALTY COM 008492100 0 -192,214 -100.00 0 -100.00
2018-11-14 2018-09-30 13F AGREE REALTY COM 008492100 192,214 192,214 10,210 0.0464
2016-05-16 2016-03-31 13F Agree Realty REIT 008492100 0 -118,126 -100.00 0 -100.00
2016-02-16 2015-12-31 13F Agree Realty REIT 008492100 118,126 118,126 4,015 0.0279
2015-11-16 2015-09-30 13F Agree Realty REIT 008492100 0 -97,356 -100.00 0 -100.00
2015-08-14 2015-06-30 13F Agree Realty REIT 008492100 97,356 97,356 2,840 0.0174
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.