Agree Realty Corporation
US ˙ NYSE ˙ US0084921008

SecurityADC / Agree Realty Corporation
InstitutionSilvercrest Asset Management Group Llc
Latest Disclosed Ownership10,787 shares
Latest Disclosed Value $ 813,124
Silvercrest Asset Management Group Llc reports 3.36% decrease in ownership of ADC / Agree Realty Corporation

On May 15, 2026 - Silvercrest Asset Management Group Llc filed a 13F-HR form disclosing ownership of 10,787 shares of Agree Realty Corporation (US:ADC) valued at $813,124 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 11,162 shares of Agree Realty Corporation. This represents a change in shares of -3.36% during the quarter. The current value of the position is $776,988 USD.

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 REALTY CORP COM COM 008492100 10,787 -375 -3.36 813 1.25 0.0059
2026-02-17 2025-12-31 13F AGREE REALTY COM 008492100 11,162 0 0.00 804 1.39 0.0055
2025-11-14 2025-09-30 13F AGREE REALTY CORP COM COM 008492100 11,162 54 0.49 793 -2.34 0.0052
2025-08-14 2025-06-30 13F AGREE REALTY COM 008492100 11,108 -675 -5.73 812 -10.78 0.0055
2025-05-15 2025-03-31 13F AGREE REALTY COM 008492100 11,783 -1,225 -9.42 910 -0.76 0.0065
2025-02-14 2024-12-31 13F AGREE REALTY COM 008492100 13,008 -145 -1.10 916 -7.47 0.0061
2024-11-14 2024-09-30 13F AGREE REALTY CORP COM COM 008492100 13,153 0 0.00 991 21.62 0.0067
2024-08-15 2024-06-30 13F/A-1 AGREE REALTY CORP COM COM 008492100 13,153 -1,594 -10.81 815 -3.33 0.0056
2024-08-14 2024-06-30 13F AGREE REALTY CORP COM COM 008492100 26,306 11,559 1,629 0.0056
2024-05-15 2024-03-31 13F AGREE REALTY CORP COM COM 008492100 14,747 0 0.00 842 -9.27 0.0057
2024-02-14 2023-12-31 13F AGREE REALTY CORP COM COM 008492100 14,747 0 0.00 928 14.00 0.0066
2023-11-14 2023-09-30 13F AGREE REALTY CORP COM COM 008492100 14,747 0 0.00 815 -15.56 0.0062
2023-08-14 2023-06-30 13F AGREE REALTY CORP COM COM 008492100 14,747 0 0.00 964 -4.65 0.0069
2023-05-15 2023-03-31 13F AGREE REALTY CORP COM COM 008492100 14,747 0 0.00 1,012 -3.35 0.0077
2023-02-14 2022-12-31 13F AGREE REALTY CORP COM COM 008492100 14,747 -252 -1.68 1,046 3.16 0.0080
2022-11-14 2022-09-30 13F AGREE REALTY CORP COM COM 008492100 14,999 675 4.71 1,014 -1.84 0.0083
2022-08-15 2022-06-30 13F AGREE REALTY CORP COM COM 008492100 14,324 0 0.00 1,033 8.62 0.0079
2022-05-16 2022-03-31 13F AGREE REALTY CORP COM COM 008492100 14,324 -28,342 -66.43 951 -68.77 0.0062
2022-02-14 2021-12-31 13F AGREE REALTY CORP COM COM 008492100 42,666 252 0.59 3,045 8.40 0.0193
2021-11-15 2021-09-30 13F AGREE REALTY CORP COM COM 008492100 42,414 -450 -1.05 2,809 -7.02 0.0189
2021-08-16 2021-06-30 13F AGREE REALTY CORP COM COM 008492100 42,864 -3,080 -6.70 3,021 -2.30 0.0198
2021-05-17 2021-03-31 13F AGREE REALTY CORP COM COM 008492100 45,944 14,331 45.33 3,092 46.89 0.0209
2021-02-16 2020-12-31 13F AGREE REALTY CORP COM COM 008492100 31,613 -28,496 -47.41 2,105 -44.97 0.0154
2020-11-16 2020-09-30 13F AGREE REALTY CORP COM COM 008492100 60,109 -15,250 -20.24 3,825 -22.76 0.0328
2020-08-14 2020-06-30 13F AGREE REALTY CORP COM COM 008492100 75,359 628 0.84 4,952 7.05 0.0439
2020-05-15 2020-03-31 13F AGREE REALTY CORP COM COM 008492100 74,731 1,027 1.39 4,626 -10.56 0.0496
2020-02-14 2019-12-31 13F AGREE REALTY CORP COM COM 008492100 73,704 61 0.08 5,172 -3.99 0.0401
2019-11-14 2019-09-30 13F AGREE REALTY CORP COM COM 008492100 73,643 -23,178 -23.94 5,387 -13.13 0.0444
2019-08-14 2019-06-30 13F AGREE REALTY CORP COM COM 008492100 96,821 0 0.00 6,201 -7.64 0.0581
2019-05-15 2019-03-31 13F AGREE REALTY CORP COM COM 008492100 96,821 0 0.00 6,714 17.30 0.0660
2019-02-14 2018-12-31 13F AGREE REALTY CORP COM COM 008492100 96,821 -9,240 -8.71 5,724 1.60 0.0631
2018-11-14 2018-09-30 13F AGREE REALTY CORP COM COM 008492100 106,061 -3,966 -3.60 5,634 -2.96 0.0511
2018-08-14 2018-06-30 13F AGREE REALTY CORP COM COM 008492100 110,027 -6,924 -5.92 5,806 3.35 0.0544
2018-05-15 2018-03-31 13F AGREE REALTY CORP COM COM 008492100 116,951 -600 -0.51 5,618 -7.08 0.0548
2018-02-14 2017-12-31 13F AGREE REALTY CORP COM COM 008492100 117,551 25 0.02 6,046 4.82 0.0562
2017-11-14 2017-09-30 13F AGREE REALTY CORP COM COM 008492100 117,526 0 0.00 5,768 6.99 0.0575
2017-08-14 2017-06-30 13F AGREE REALTY CORP COM COM 008492100 117,526 -1,500 -1.26 5,391 -5.57 0.0577
2017-05-15 2017-03-31 13F AGREE REALTY CORP COM COM 008492100 119,026 -1,374 -1.14 5,709 2.98 0.0611
2017-02-14 2016-12-31 13F AGREE REALTY CORP COM COM 008492100 120,400 -400 -0.33 5,544 -7.17 0.0621
2016-11-14 2016-09-30 13F AGREE REALTY CORP COM COM 008492100 120,800 -8,400 -6.50 5,972 -4.19 0.0717
2016-08-15 2016-06-30 13F AGREE REALTY CORP COM COM 008492100 129,200 14,190 12.34 6,233 40.89 0.0793
2016-05-16 2016-03-31 13F AGREE REALTY CORP COM COM 008492100 115,010 45,052 64.40 4,424 86.04 0.0609
2016-02-16 2015-12-31 13F AGREE REALTY CORP COM COM 008492100 69,958 -2,000 -2.78 2,378 10.71 0.0329
2015-11-16 2015-09-30 13F AGREE REALTY CORP COM COM 008492100 71,958 7,958 12.43 2,148 15.05 0.0327
2015-08-14 2015-06-30 13F AGREE REALTY CORP COM COM 008492100 64,000 64,000 1,867 0.0249
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.