ADC β€” AGREE REALTY CORP

Ownership history in FOX RUN MANAGEMENT, L.L.C.  Β·  9 quarters on record

This page tracks every 13F SEC filing in which FOX RUN MANAGEMENT, L.L.C. reported a position in AGREE REALTY CORP (ADC). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.23% (2025 Q1)
πŸ“Š Avg. % of fund
0.12%
πŸ“… First filed
2018 Q3
πŸ“… Last filed
2025 Q3
⏱ Quarters held
9

Position Intelligence

FOX RUN MANAGEMENT, L.L.C. Γ— ADC AI Analytics

πŸ“‰ FOX RUN MANAGEMENT, L.L.C. underperformed the S&P 500 by –11.9% annually on this ADC position. Timing score: 29% (2/7 decisions correct). Average cost basis: $66.40. Maximum drawdown during holding period: –17.6%.

πŸ“ˆ Position Alpha vs SPY
-11.9%
annualised excess return

❌ Significantly underperformed the S&P 500 by 11.9% ann.
7 quarters analyzed

⏱️ Timing Score
29%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
2 of 7 add/trim decisions correct

πŸ’° Entry Quality
$66.40
+5.1% vs current ($69.80)

Best entry: $49.60 (2023 Q3)  Β·  Worst: $74.27 (2025 Q1)

πŸ›‘οΈ Drawdown Resilience
–17.6%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
56%
buy-side decisions

5 adds Β· 4 trims. Bought during 1 of 4 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.06% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    ADC price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 9 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 4,975 -14,060 -73.9% 0.06% $353K $69.80
2025 Q1 ADDED 19,035 +10,669 +127.5% 0.23% $1.5M $74.27
2024 Q1 REDUCED 8,366 -1,658 -16.5% 0.10% $478K $52.62
2023 Q4 ADDED 10,024 +3,855 +62.5% 0.16% $631K $57.25
2023 Q3 ADDED 6,169 +2,828 +84.6% 0.10% $341K $49.60
2023 Q1 ADDED 3,341 +193 +6.1% 0.07% $229K $60.20
2022 Q3 REDUCED 3,148 -748 -19.2% 0.08% $213K $58.08
2021 Q4 REDUCED 3,896 -604 -13.4% 0.16% $278K $59.52
2018 Q3 INITIATED 4,500 β€” β€” 0.10% $239K β€”

🏒 Other funds also holding ADC

As of 2025 Q4 β€” sorted by position size

Hazelview Securities Inc. 3Y 7Y 2.43% CENTERSQUARE INVESTMENT MANAGEMENT LLC 3Y 7Y 2.35% Adelante Capital Management LLC 3Y 7Y 2.13% LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 3Y 7Y 1.95% COHEN & STEERS, INC. 3Y 7Y 1.84% Vision Capital Corp 3Y 7Y 1.73% CSU Producer Resources, Inc. 3Y 7Y 1.72% Presima Securities ULC 3Y 7Y 1.59% Leeward Investments, LLC - MA 3Y 1.48% PGGM Investments 3Y 7Y 1.17%
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