Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership51,655 shares
Latest Disclosed Value $ 3,893,754
Macquarie Group Ltd reports 15.77% decrease in ownership of ADC / Agree Realty Corporation

On May 15, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 51,655 shares of Agree Realty Corporation (MX:ADC) valued at $3,893,754 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 61,329 shares of Agree Realty Corporation. This represents a change in shares of -15.77% 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 51,655 -9,674 -15.77 3,894 -11.86 0.0181
2026-02-13 2025-12-31 13F AGREE RLTY COM 008492100 61,329 -1,909,548 -96.89 4,418 -96.85 0.0193
2025-11-13 2025-09-30 13F AGREE RLTY COM 008492100 1,970,877 62,573 3.28 140,011 0.42 0.1634
2025-08-14 2025-06-30 13F AGREE RLTY COM 008492100 1,908,304 -25,736 -1.33 139,420 -6.61 0.1710
2025-08-14 2025-03-31 13F/A-1 AGREE RLTY COM 008492100 1,934,040 -172,075 -8.17 149,288 0.62 0.1853
2025-05-15 2025-03-31 13F AGREE RLTY COM 008492100 1,934,040 -172,075 149,288 0.1220
2025-02-14 2024-12-31 13F AGREE RLTY COM 008492100 2,106,115 -204,061 -8.83 148,375 -14.74 0.1800
2024-11-14 2024-09-30 13F AGREE RLTY COM 008492100 2,310,176 338,584 17.17 174,026 42.50 0.1879
2024-08-09 2024-06-30 13F AGREE RLTY COM 008492100 1,971,592 -14,550 -0.73 122,121 7.64 0.1401
2024-05-14 2024-03-31 13F AGREE RLTY COM 008492100 1,986,142 -41,063 -2.03 113,448 -11.10 0.1287
2024-02-14 2023-12-31 13F AGREE RLTY COM 008492100 2,027,205 370,297 22.35 127,613 39.43 0.1474
2023-11-14 2023-09-30 13F AGREE RLTY COM 008492100 1,656,908 949,358 134.18 91,528 97.83 0.1150
2023-10-27 2023-06-30 13F/A-2 AGREE RLTY COM 008492100 707,550 222,565 45.89 46,266 39.07 0.0529
2023-10-12 2023-06-30 13F/A-1 AGREE RLTY COM 008492100 707,550 222,565 46,266 0.0465
2023-08-14 2023-06-30 13F AGREE RLTY COM 008492100 707,550 222,565 46,266 0.0469
2023-06-01 2023-03-31 13F/A-1 AGREE RLTY COM 008492100 484,985 -50,390 -9.41 33,267 -12.27 0.0395
2023-05-15 2023-03-31 13F AGREE RLTY COM 008492100 484,985 -50,390 33,267 0.0305
2023-02-21 2022-12-31 13F AGREE RLTY COM 008492100 535,375 3,090 0.58 37,921 5.02 0.0448
2022-11-14 2022-09-30 13F AGREE RLTY COM 008492100 532,285 357,503 204.54 36,109 185.40 0.0443
2022-08-17 2022-06-30 13F/A-1 AGREE RLTY COM 008492100 174,782 -536 -0.31 12,652 10.75 0.0142
2022-08-15 2022-06-30 13F AGREE RLTY COM 008492100 174,782 -536 12,652 0.0045
2022-05-16 2022-03-31 13F AGREE RLTY COM 008492100 175,318 94,465 116.84 11,424 100.67 0.0087
2022-02-11 2021-12-31 13F AGREE RLTY COM 008492100 80,853 4,368 5.71 5,693 12.38 0.0047
2021-11-12 2021-09-30 13F AGREE RLTY COM 008492100 76,485 1,828 2.45 5,066 -3.72 0.0043
2021-08-13 2021-06-30 13F AGREE RLTY COM 008492100 74,657 10,420 16.22 5,262 21.72 0.0043
2021-05-14 2021-03-31 13F AGREE REALTY COM 008492100 64,237 -606 -0.93 4,323 0.14 0.0061
2021-02-16 2020-12-31 13F AGREE REALTY COM 008492100 64,843 2,249 3.59 4,317 8.39 0.0063
2020-11-13 2020-09-30 13F AGREE REALTY COM 008492100 62,594 45,852 273.87 3,983 262.09 0.0067
2020-08-11 2020-06-30 13F AGREE REALTY COM 008492100 16,742 1,985 13.45 1,100 20.48 0.0019
2020-05-15 2020-03-31 13F AGREE REALTY COM 008492100 14,757 0 0.00 913 -11.79 0.0019
2020-03-18 2019-12-31 13F/A-2 AGREE REALTY COM 008492100 14,757 -3,043 -17.10 1,035 -20.51 0.0015
2020-02-28 2019-12-31 13F/A-1 AGREE REALTY COM 008492100 14,757 0 1,035 0.0015
2020-02-14 2019-12-31 13F AGREE REALTY COM 008492100 14,757 -3,043 1,035 1,298.8373
2019-11-14 2019-09-30 13F AGREE REALTY COM 008492100 17,800 4,200 30.88 1,302 49.48 0.0022
2019-11-06 2019-06-30 13F/A-2 AGREE REALTY COM 008492100 13,600 1,600 13.33 871 4.69 0.0015
2019-09-24 2019-06-30 13F/A-1 AGREE REALTY COM 008492100 13,600 0 871 0.0015
2019-08-14 2019-06-30 13F AGREE REALTY COM 008492100 13,600 1,600 871
2019-05-15 2019-03-31 13F AGREE REALTY COM 008492100 12,000 0 0.00 832 17.35 0.0014
2019-02-15 2018-12-31 13F AGREE REALTY COM 008492100 12,000 0 0.00 709 11.30 0.0014
2018-11-15 2018-09-30 13F AGREE REALTY COM 008492100 12,000 3,500 41.18 637 41.87 0.0010
2019-03-21 2018-06-30 13F/A-1 AGREE REALTY COM 008492100 8,500 1,300 18.06 449 29.77 0.0008
2018-08-14 2018-06-30 13F AGREE REALTY COM 008492100 8,500 1,300 449
2018-05-11 2018-03-31 13F AGREE REALTY COM 008492100 7,200 0 0.00 346 -1.98 0.0006
2018-02-14 2017-12-31 13F AGREE REALTY COM 008492100 7,200 0 0.00 353 0.00 0.0006
2017-11-08 2017-09-30 13F AGREE REALTY COM 008492100 7,200 -5,100 -41.46 353 -37.41 0.0006
2017-08-14 2017-06-30 13F AGREE REALTY COM 008492100 12,300 1,400 12.84 564 7.84 0.0010
2017-05-15 2017-03-31 13F Agree Realty COM 008492100 10,900 0 0.00 523 4.18 0.0010
2017-03-30 2016-12-31 13F/A-1 Agree Realty REIT 008492100 10,900 0 0.00 502 -6.86 0.0010
2017-02-15 2016-12-31 13F Agree Realty REIT 008492100 10,900 502
2016-11-15 2016-09-30 13F Agree Realty REIT 008492100 10,900 7,100 186.84 539 194.54 0.0010
2016-09-14 2016-06-30 13F/A-1 Agree Realty REIT 008492100 3,800 0 0.00 183 25.34 0.0004
2016-08-15 2016-06-30 13F Agree Realty REIT 008492100 3,800 183
2016-05-16 2016-03-31 13F Agree Realty REIT 008492100 3,800 -2,100 -35.59 146 -27.36 0.0003
2016-02-16 2015-12-31 13F Agree Realty REIT 008492100 5,900 -2,700 -31.40 201 -21.79 0.0004
2015-11-16 2015-09-30 13F Agree Realty REIT 008492100 8,600 2,500 40.98 257 44.38 0.0006
2015-08-21 2015-06-30 13F/A-1 Agree Realty REIT 008492100 6,100 0 0.00 178 -11.44 0.0004
2015-08-14 2015-06-30 13F Agree Realty REIT 008492100 6,100 178
2015-05-18 2015-03-31 13F Agree Realty REIT 008492100 6,100 -68,773 -91.85 201 -91.37 0.0004
2015-02-17 2014-12-31 13F Agree Realty REIT 008492100 74,873 0 0.00 2,328 13.56 0.0048
2014-11-14 2014-09-30 13F Agree Realty REIT 008492100 74,873 100 0.13 2,050 -9.29 0.0044
2014-08-14 2014-06-30 13F AGREE REALTY REIT 008492100 74,773 -500 -0.66 2,260 -1.27 0.0050
2014-05-15 2014-03-31 13F Agree Realty REIT 008492100 75,273 4,500 6.36 2,289 11.44 0.0040
2014-02-14 2013-12-31 13F Agree Realty REIT 008492100 70,773 12,000 20.42 2,054 15.78 0.0037
2013-11-14 2013-09-30 13F AGREE REALTY REIT 008492100 58,773 2,743 4.90 1,774 7.26 0.0035
2013-08-16 2013-06-30 13F/A-1 AGREE REALTY REIT 008492100 56,030 56,030 1,654 0.0036
2013-08-14 2013-06-30 13F AGREE REALTY REIT 008492100 56,030 1,654 0.0036
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.