Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionNomura Asset Management Co Ltd
Latest Disclosed Ownership184,990 shares
Latest Disclosed Value $ 13,944,546
Nomura Asset Management Co Ltd reports 7.87% increase in ownership of ADC / Agree Realty Corporation

On May 11, 2026 - Nomura Asset Management Co Ltd filed a 13F-HR form disclosing ownership of 184,990 shares of Agree Realty Corporation (MX:ADC) valued at $13,944,546 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 171,500 shares of Agree Realty Corporation. This represents a change in shares of 7.87% 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)
2026-05-11 2026-03-31 13F AGREE RLTY COM 008492100 184,990 13,490 7.87 13,945 12.88 0.0225
2026-02-10 2025-12-31 13F AGREE RLTY COM 008492100 171,500 11,170 6.97 12,353 8.46 0.0313
2025-11-12 2025-09-30 13F AGREE RLTY COM 008492100 160,330 5,370 3.47 11,390 0.60 0.0297
2025-08-11 2025-06-30 13F AGREE RLTY COM 008492100 154,960 2,039 1.33 11,321 -4.08 0.0310
2025-05-12 2025-03-31 13F AGREE RLTY COM 008492100 152,921 14,551 10.52 11,804 21.08 0.0361
2025-02-12 2024-12-31 13F AGREE RLTY COM 008492100 138,370 5,490 4.13 9,748 -2.61 0.0293
2024-11-15 2024-09-30 13F AGREE RLTY COM 008492100 132,880 2,930 2.25 10,010 24.35 0.0309
2024-08-14 2024-06-30 13F AGREE RLTY COM 008492100 129,950 8,480 6.98 8,049 16.01 0.0274
2024-05-13 2024-03-31 13F AGREE RLTY COM 008492100 121,470 4,320 3.69 6,938 -5.91 0.0252
2024-02-09 2023-12-31 13F AGREE RLTY COM 008492100 117,150 5,770 5.18 7,375 19.86 0.0305
2023-11-03 2023-09-30 13F AGREE RLTY COM 008492100 111,380 4,840 4.54 6,153 -11.69 0.0288
2023-08-14 2023-06-30 13F AGREE RLTY COM 008492100 106,540 7,640 7.72 6,967 2.67 0.0321
2025-01-10 2023-03-31 13F/A-1 AGREE RLTY COM 008492100 98,900 1,220 1.25 6,786 -2.06 0.0357
2023-05-11 2023-03-31 13F AGREE RLTY COM 008492100 98,900 1,220 6,786 0.0357
2025-01-10 2022-12-31 13F/A-1 AGREE RLTY COM 008492100 97,680 10,320 11.81 6,928 17.36 0.0402
2023-02-14 2022-12-31 13F AGREE RLTY COM 008492100 97,680 10,320 6,928 0.0402
2025-01-10 2022-09-30 13F/A-3 AGREE RLTY COM 008492100 87,360 4,314 5.19 5,904 -1.45 0.0376
2022-11-14 2022-09-30 13F/A-2 AGREE RLTY COM 008492100 87,360 4,314 5,904 0.0376
2022-11-10 2022-09-30 13F/A-1 AGREE RLTY COM 008492100 87,360 4,314 5,904 0.0376
2022-11-10 2022-09-30 13F AGREE RLTY COM 008492100 87,360 4,314 5,904 0.0238
2025-01-10 2022-06-30 13F/A-1 AGREE RLTY COM 008492100 83,046 20,666 33.13 5,990 44.72 0.0374
2022-08-12 2022-06-30 13F AGREE RLTY COM 008492100 83,046 20,666 5,990 0.0369
2025-01-10 2022-03-31 13F/A-1 AGREE RLTY COM 008492100 62,380 1,534 2.52 4,140 -4.65 0.0225
2022-05-13 2022-03-31 13F AGREE RLTY COM 008492100 62,380 1,534 4,140 0.0225
2025-01-10 2021-12-31 13F/A-2 AGREE RLTY COM 008492100 60,846 5,926 10.79 4,342 19.36 0.0219
2022-02-01 2021-12-31 13F AGREE RLTY COM 008492100 60,846 5,926 4,342 0.0219
2025-01-10 2021-09-30 13F/A-2 AGREE RLTY COM 008492100 54,920 1,900 3.58 3,637 -2.68 0.0205
2021-11-12 2021-09-30 13F AGREE RLTY COM 008492100 54,920 1,900 3,637 0.0205
2025-01-10 2021-06-30 13F/A-2 AGREE RLTY COM 008492100 53,020 3,540 7.15 3,737 12.22 0.0216
2021-08-06 2021-06-30 13F AGREE RLTY COM 008492100 53,020 3,540 3,737 0.0216
2025-01-10 2021-03-31 13F/A-2 AGREE REALTY COM 008492100 49,480 6,370 14.78 3,330 16.03 0.0212
2021-05-14 2021-03-31 13F AGREE REALTY COM 008492100 49,480 6,370 3,330 0.0212
2025-01-10 2020-12-31 13F/A-2 AGREE REALTY COM 008492100 43,110 -14,620 -25.32 2,870 -21.88 0.0193
2021-02-12 2020-12-31 13F AGREE REALTY COM 008492100 43,110 -14,620 2,870 0.0193
2020-11-12 2020-09-30 13F AGREE REALTY COM 008492100 57,730 2,010 3.61 3,674 0.36 0.0282
2020-08-13 2020-06-30 13F AGREE REALTY COM 008492100 55,720 -10,770 -16.20 3,661 -11.05 0.0310
2020-05-14 2020-03-31 13F AGREE REALTY COM 008492100 66,490 39,000 141.87 4,116 113.37 0.0425
2020-02-13 2019-12-31 13F AGREE REALTY COM 008492100 27,490 820 3.07 1,929 -1.13 0.0173
2019-11-13 2019-09-30 13F AGREE REALTY COM 008492100 26,670 2,360 9.71 1,951 25.31 0.0186
2019-08-13 2019-06-30 13F AGREE REALTY COM 008492100 24,310 810 3.45 1,557 -4.42 0.0154
2019-05-10 2019-03-31 13F/A-1 AGREE REALTY COM 008492100 23,500 1,640 7.50 1,629 26.08 0.0160
2019-05-10 2019-03-31 13F AGREE REALTY COM 008492100 23,500 1,640 1,629
2019-02-12 2018-12-31 13F AGREE REALTY COM 008492100 21,860 2,960 15.66 1,292 28.69 0.0144
2018-11-07 2018-09-30 13F AGREE REALTY COM 008492100 18,900 590 3.22 1,004 3.93 0.0097
2018-08-03 2018-06-30 13F AGREE REALTY COM 008492100 18,310 -800 -4.19 966 5.23 0.0100
2018-05-14 2018-03-31 13F AGREE REALTY COM 008492100 19,110 2,600 15.75 918 8.13 0.0100
2018-02-14 2017-12-31 13F AGREE REALTY COM 008492100 16,510 130 0.79 849 5.60 0.0098
2017-11-13 2017-09-30 13F AGREE REALTY COM 008492100 16,380 -2,270 -12.17 804 -5.96 0.0104
2017-08-14 2017-06-30 13F AGREE REALTY COM 008492100 18,650 2,300 14.07 855 9.06 0.0115
2017-06-28 2017-03-31 13F/A-1 AGREE REALTY COM 008492100 16,350 170 1.05 784 5.23 0.0110
2017-05-12 2017-03-31 13F AGREE REALTY COM 008492100 16,350 784
2017-02-14 2016-12-31 13F AGREE REALTY COM 008492100 16,180 1,270 8.52 745 1.09 0.0134
2016-11-10 2016-09-30 13F AGREE REALTY COM 008492100 14,910 -210 -1.39 737 1.10 0.0132
2016-08-12 2016-06-30 13F AGREE REALTY COM 008492100 15,120 3,670 32.05 729 65.68 0.0136
2016-05-13 2016-03-31 13F AGREE REALTY COM 008492100 11,450 0 0.00 440 13.11 0.0084
2016-02-12 2015-12-31 13F AGREE REALTY COM 008492100 11,450 2,160 23.25 389 40.43 0.0075
2015-11-13 2015-09-30 13F AGREE REALTY COM 008492100 9,290 740 8.65 277 11.24 0.0055
2015-08-14 2015-06-30 13F AGREE REALTY COM 008492100 8,550 910 11.91 249 -1.19 0.0046
2015-05-13 2015-03-31 13F AGREE REALTY COM 008492100 7,640 970 14.54 252 19.43 0.0045
2015-02-13 2014-12-31 13F AGREE REALTY COM 008492100 6,670 6,670 211 0.0037
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.