13FPulse
中
AD

ADC AGREE REALTY CORP

2026Q2 · CUSIP 008492100 · Sector: REITs

Normal

Fund flows are within the usual range

Funds that own it
479
Institutions that reported holding it to the SEC
Net decrease in holders
17
Last quarter 496 → now 479
How unusual is that
Bottom 20%
Stronger than only 8% of US stocks
What the filings say, in one paragraph

479 funds held ADC at the end of 2026Q2, down 17 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $780M(YoY +18.2%), the P/E is 39.0x, return on equity is 3.5%. ADC has had 16 buying rushes in its history, and the price moved +3.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the REITs sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=118 2013Q4: holders=141 2014Q1: holders=137 2014Q2: holders=143 2014Q3: holders=130 2014Q4: holders=143 2015Q1: holders=160 2015Q2: holders=163 2015Q3: holders=160 2015Q4: holders=172 2016Q1: holders=188 2016Q2: holders=192 2016Q3: holders=192 2016Q4: holders=182 2017Q1: holders=171 2017Q2: holders=188 2017Q3: holders=189 2017Q4: holders=201 2018Q1: holders=226 2018Q2: holders=226 2018Q3: holders=221 2018Q4: holders=243 2019Q1: holders=240 2019Q2: holders=249 2019Q3: holders=248 2019Q4: holders=277 2020Q1: holders=276 2020Q2: holders=271 2020Q3: holders=274 2020Q4: holders=280 2021Q1: holders=297 2021Q2: holders=311 2021Q3: holders=323 2021Q4: holders=324 2022Q1: holders=320 2022Q2: holders=339 2022Q3: holders=361 2022Q4: holders=362 2023Q1: holders=359 2023Q2: holders=372 2023Q3: holders=370 2023Q4: holders=368 2024Q1: holders=394 2024Q2: holders=410 2024Q3: holders=430 2024Q4: holders=451 2025Q1: holders=466 2025Q2: holders=473 2025Q3: holders=478 2025Q4: holders=491 2026Q1: holders=496 2026Q2: holders=479 -29 -14.5 +0 +14.5 +29 106314521 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 16 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q1 Top 20% -1.9% -0.4%
2024Q3 Top 20% -4.1% -0.9%
2024Q2 Top 20% +7.0% +2.0%
2024Q1 Top 20% +20.9% +28.3%
2023Q2 Top 20% -4.7% -4.7%
2022Q3 Top 5% +9.7% -2.3%
2022Q2 Top 10% -12.1% -4.8%
2021Q3 Top 20% -7.2% +0.1%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
218
Change in large funds
+10
Total value they hold
$10.7B
Funds buying for the first time
49
Funds that sold out entirely
66
Price change that quarter
-3.1%
Funds holding puts (bearish)
5
Funds holding calls (bullish)
6

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
39.0
EPS (TTM)
$1.86
EPS YoY
+10.7%
Revenue (TTM)
$0.8B
Revenue YoY
+18.2%
Net margin
28.8%
ROE
3.5%
Debt ratio
38.4%
FCF (TTM)
—
Dividend (TTM)
$2.62
Quarterly Revenue & EPS
2022-09-30: EPS 0.46 2022-12-31: EPS 0.44 2023-03-31: EPS 0.44 2023-06-30: EPS 0.42 2023-09-30: EPS 0.41 2023-12-31: EPS 0.43 2024-03-31: EPS 0.43 2024-06-30: EPS 0.52 2024-09-30: EPS 0.42 2024-12-31: EPS 0.41 2025-03-31: EPS 0.42 2025-06-30: EPS 0.43 2025-09-30: EPS 0.45 2025-12-31: EPS 0.47 2026-03-31: EPS 0.50 2026-06-30: EPS 0.44 0M 103M 205M $M 0.00 0.29 0.57 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 39 27 36 45 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-436M-218M0K 20162017201820192020202120222023202420252026
Latest quarter $-252M (2024-12-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.