Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionTributary Capital Management, LLC
Latest Disclosed Ownership10,574 shares
Latest Disclosed Value $ 797,068
Tributary Capital Management, LLC reports 1.02% increase in ownership of ADC / Agree Realty Corporation

On May 4, 2026 - Tributary Capital Management, LLC filed a 13F-HR form disclosing ownership of 10,574 shares of Agree Realty Corporation (MX:ADC) valued at $797,068 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 27, 2026 disclosing 10,467 shares of Agree Realty Corporation. This represents a change in shares of 1.02% 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)
2026-05-04 2026-03-31 13F AGREE REALTY COM 008492100 10,574 107 1.02 797 5.84 0.0773
2026-01-27 2025-12-31 13F AGREE REALTY COM 008492100 10,467 -197 -1.85 754 -0.53 0.0743
2026-01-27 2025-09-30 13F/A-1 AGREE REALTY COM 008492100 10,664 -7,191 -40.27 758 -41.95 0.0685
2025-10-23 2025-09-30 13F AGREE REALTY COM 008492100 21,328 3,473 1,515 0.0719
2025-07-30 2025-06-30 13F AGREE REALTY COM 008492100 17,855 -156,057 -89.73 1,304 -90.29 0.1156
2025-05-02 2025-03-31 13F AGREE REALTY COM 008492100 173,912 -4,961 -2.77 13,424 6.53 1.1732
2025-01-21 2024-12-31 13F AGREE REALTY COM 008492100 178,873 -135,719 -43.14 12,602 -46.83 0.9756
2024-10-24 2024-09-30 13F AGREE REALTY COM 008492100 314,592 -1,420 -0.45 23,698 21.07 1.8402
2024-07-24 2024-06-30 13F AGREE REALTY COM 008492100 316,012 57,990 22.47 19,574 32.81 1.6221
2024-04-18 2024-03-31 13F AGREE REALTY COM 008492100 258,022 72,504 39.08 14,738 26.20 1.2070
2024-01-16 2023-12-31 13F AGREE REALTY COM 008492100 185,518 -4,102 -2.16 11,678 11.50 0.9831
2023-10-11 2023-09-30 13F AGREE REALTY COM 008492100 189,620 42,089 28.53 10,475 8.57 0.9919
2023-07-17 2023-06-30 13F AGREE REALTY COM 008492100 147,531 -2,646 -1.76 9,647 -6.37 0.8648
2023-04-26 2023-03-31 13F AGREE REALTY COM 008492100 150,177 -103,850 -40.88 10,304 57,138.89 0.9552
2023-01-27 2022-12-31 13F AGREE REALTY COM 008492100 254,027 -8,470 -3.23 18 -99.90 1.7954
2022-10-11 2022-09-30 13F AGREE REALTY COM 008492100 262,497 -35,178 -11.82 17,740 -17.38 1.8606
2022-07-19 2022-06-30 13F AGREE REALTY COM 008492100 297,675 -1,630 -0.54 21,471 8.10 2.1317
2022-04-22 2022-03-31 13F AGREE REALTY COM 008492100 299,305 111,762 59.59 19,862 48.41 1.5686
2022-01-06 2021-12-31 13F AGREE REALTY COM 008492100 187,543 -8,825 -4.49 13,383 2.91 1.0105
2021-10-14 2021-09-30 13F AGREE REALTY COM 008492100 196,368 -2,924 -1.47 13,005 -7.42 1.0049
2021-07-15 2021-06-30 13F AGREE REALTY COM 008492100 199,292 -9,053 -4.35 14,048 0.17 1.0651
2021-04-20 2021-03-31 13F AGREE REALTY COM 008492100 208,345 -4,050 -1.91 14,024 -0.83 1.0955
2021-01-19 2020-12-31 13F AGREE REALTY COM 008492100 212,395 -11,414 -5.10 14,141 -0.72 1.0141
2020-10-13 2020-09-30 13F AGREE REALTY COM 008492100 223,809 -12,455 -5.27 14,243 -8.26 1.2301
2020-07-20 2020-06-30 13F AGREE REALTY COM 008492100 236,264 15,869 7.20 15,525 13.80 1.3257
2020-04-14 2020-03-31 13F AGREE REALTY CORP REIT COM 008492100 220,395 -6,590 -2.90 13,642 -14.35 1.3920
2020-01-16 2019-12-31 13F AGREE REALTY CORP REIT COM 008492100 226,985 -7,019 -3.00 15,928 -6.95 1.1137
2019-10-15 2019-09-30 13F AGREE REALTY CORP REIT COM 008492100 234,004 -8,497 -3.50 17,117 10.20 1.2430
2019-07-11 2019-06-30 13F AGREE REALTY COM 008492100 242,501 -216 -0.09 15,532 -7.71 1.0947
2019-04-17 2019-03-31 13F AGREE REALTY COM 008492100 242,717 28,606 13.36 16,830 32.96 1.2211
2019-01-23 2018-12-31 13F AGREE REALTY COM 008492100 214,111 214,111 12,658 1.1597
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.