Vault-13

FEDERAL AGRIC MTG CORP AGM

CL C · Common Stock · CUSIP 313148306

Commonly known as Farmer Mac in the United States

223 institutional holders -9 vs Q1 2024
7,429,0267.4m shares reported held*
$1.3bnreported value*
20 new 80 added 80 reduced 29 sold out net sold ≈ $49.4m (-275.8k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $180.31. Options: 5 managers hold calls ($8.2m notional), 5 hold puts ($14.8m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 165Q4 22: 184Q1 23: 184Q2 23: 194Q3 23: 199Q4 23: 215Q1 24: 232Q2 24: 223223Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022165
Q4 2022184
Q1 2023184
Q2 2023194
Q3 2023199
Q4 2023215
Q1 2024232
Q2 2024223

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 98 bought or addedQ4 22: 61 cut or sold outQ4 22Q1 23: 87 bought or addedQ1 23: 90 cut or sold outQ2 23: 92 bought or addedQ2 23: 92 cut or sold outQ2 23Q3 23: 93 bought or addedQ3 23: 92 cut or sold outQ4 23: 92 bought or addedQ4 23: 90 cut or sold outQ4 23Q1 24: 119 bought or addedQ1 24: 94 cut or sold outQ2 24: 100 bought or addedQ2 24: 109 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20229861
Q1 20238790
Q2 20239292
Q3 20239392
Q4 20239290
Q1 202411994
Q2 2024100109

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60mQ3 23 calls: $14.4mQ3 23 puts: $10.7mQ3 23P/C 0.75Q4 23 calls: $52.4mQ4 23 puts: $18.3mQ4 23P/C 0.35Q1 24 calls: $15.5mQ1 24 puts: $20.1mQ1 24P/C 1.30Q2 24 calls: $8.2mQ2 24 puts: $14.8mQ2 24P/C 1.80
Numbers
QuarterCallsPutsP/C
Q3 2023$14.4m$10.7m0.75
Q4 2023$52.4m$18.3m0.35
Q1 2024$15.5m$20.1m1.30
Q2 2024$8.2m$14.8m1.80

Biggest buyers

Biggest sellers

MORGAN STANLEY Reduced -211,746-211.7k
JPMORGAN CHASE & CO Reduced -67,490-67.5k
Empowered Funds, LLC Reduced -35,716-35.7k
RENAISSANCE TECHNOLOGIES LLC Reduced -30,300-30.3k
MILLENNIUM MANAGEMENT LLC Reduced -28,497-28.5k
BlackRock Inc. Reduced -18,250-18.2k
Ancora Advisors LLC Reduced -16,523-16.5k
HRT FINANCIAL LP Sold out -11,058-11.1k
Brevan Howard Capital Management LP Sold out -10,712-10.7k
Boston Partners Reduced -10,697-10.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.6m31.1k shares
CITADEL ADVISORS LLC Reduced $2.0m10.9k shares
PEAK6 Investments LLC Reduced $578.6k3.2k shares
SIMPLEX TRADING, LLC Reduced $54.0k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.7m64.9k shares
CITADEL ADVISORS LLC Reduced $2.4m13.4k shares
PEAK6 Investments LLC Reduced $614.8k3.4k shares
SIMPLEX TRADING, LLC Reduced $18.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26), FMR LLC (3.7%, 2026-02-05)

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
505Q3 22: 1 buyingQ3 22: 0 sellingQ4 22: 1 buyingQ4 22: 4 sellingQ4 22Q1 23: 2 buyingQ1 23: 1 sellingQ2 23: 2 buyingQ2 23: 5 sellingQ2 23Q3 23: 2 buyingQ3 23: 4 sellingQ4 23: 1 buyingQ4 23: 3 sellingQ4 23Q1 24: 0 buyingQ1 24: 1 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20221$4.8k0——
Q4 20221$4.9k4$252.0k—
Q1 20232$255.3k1$50.1k—
Q2 20232$98.7k5$473.8k—
Q3 20232$16.0k4$1.7m—
Q4 20231$6.5k3$83.1k—
Q1 20240—1$57.6k—
Q2 20240—0——

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.00% of their portfolio New York, NY 776,057776.1k $140.3m $140.3m 0.00% Reduced -18.2k -18,250
2 FMR LLC 0.01% of their portfolio BOSTON, MA 761,833761.8k $137.8m $137.8m 0.01% Added +84.8k +84,824
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 555,360555.4k $100.4m $100.4m 0.00% Added +17.8k +17,775
4 Boston Partners 0.11% of their portfolio BOSTON, MA 476,267476.3k $87.5m $87.5m 0.11% Reduced -10.7k -10,697
5 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 442,694442.7k $80.0m $80.0m 0.02% Reduced -1.6k -1,578
6 Copeland Capital Management, LLC 0.98% of their portfolio Conshohocken, PA 290,343290.3k $52.5m $52.5m 0.98% Added +1.6k +1,577
7 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 289,784289.8k $52.4m $52.4m 0.03% Reduced -2.4k -2,440
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 220,782220.8k $39.9m $39.9m 0.00% Reduced -715 -715
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 214,883214.9k $38.9m $38.9m 0.00% Added +4.2k +4,171
10 CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio RALEIGH, NC 206,380206.4k $37.3m $37.3m 0.12% Added +83.8k +83,784
11 LOOMIS SAYLES & CO L P 0.04% of their portfolio BOSTON, MA 179,749179.7k $32.5m $32.5m 0.04% Added +418 +418
12 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 178,008178.0k $32.2m $32.2m 0.02% Added +36.4k +36,380
13 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 172,375172.4k $31.2m $31.2m 0.01% Added +13.1k +13,114
14 RICE HALL JAMES & ASSOCIATES, LLC 1.69% of their portfolio San Diego, CA 155,642155.6k $28.1m $28.1m 1.69% Reduced -4.2k -4,224
15 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 119,255119.3k $21.6m $21.6m 0.00% Reduced -556 -556
16 WEYBOSSET RESEARCH & MANAGEMENT LLC 7.70% of their portfolio PROVIDENCE, RI 113,622113.6k $20.5m $20.5m 7.70% Reduced -2.6k -2,576
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 112,612112.6k $20.4m $20.4m 0.00% Reduced -67.5k -67,490
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 107,886107.9k $19.5m $19.5m 0.00% Reduced -211.7k -211,746
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 101,050101.0k $18.3m $18.3m 0.00% Added +4.1k +4,137
20 EAGLE ASSET MANAGEMENT INC 0.07% of their portfolio ST PETERSBURG, FL 76,14076.1k $13.8m $13.8m 0.07% Reduced -559 -559
21 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.29% of their portfolio HOUSTON, TX 67,45067.5k $12.2m $12.2m 0.29% Added +2.2k +2,160
22 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 65,71665.7k $11.9m $11.9m 0.00% Added +1.1k +1,098
23 Matthew 25 Management Corp 4.05% of their portfolio AMBLER, PA 64,50064.5k $11.7m $11.7m 4.05% Added +2.0k +2,000
24 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 62,61962.6k $11.3m $11.3m 0.01% Reduced -28.5k -28,497
25 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 62,02262.0k $11.2m $11.2m 0.00% Reduced -981 -981
26 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 61,47761.5k $11.1m $11.1m 0.01% Reduced -757 -757
27 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 59,60059.6k $10.8m $10.8m 0.02% Reduced -30.3k -30,300
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 59,06959.1k $10.7m $10.7m 0.00% Reduced -552 -552
29 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 54,86654.9k $9.9m $9.9m 0.02% Reduced -1.4k -1,422
30 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 46,51846.5k $8.4m $8.4m 0.01% Added +293 +293
31 Barnett & Company, Inc. 5.80% of their portfolio CHATTANOOGA, TN 44,71444.7k $8.1m $8.1m 5.80% Reduced -833 -833
32 Empowered Funds, LLC 0.13% of their portfolio NEWTOWN SQUARE, PA 41,02041.0k $7.4m $7.4m 0.13% Reduced -35.7k -35,716
33 CROWN ADVISORS MANAGEMENT, INC. 4.64% of their portfolio LARKSPUR, CA 40,00040.0k $7.2m $7.2m 4.64% Unchanged
34 Ballast Asset Management, LP 3.66% of their portfolio DALLAS, TX 37,26237.3k $6.7m $6.7m 3.66% Added +2.4k +2,367
35 Foundry Partners, LLC 0.36% of their portfolio MINNEAPOLIS, MN 37,25037.2k $6.7m $6.7m 0.36% Reduced -475 -475
36 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 35,38235.4k $6.4m $6.4m 0.01% Reduced -796 -796
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 34,77234.8k $6.3m $6.3m 0.00% Added +913 +913
38 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 34,06334.1k $6.2m $6.2m 0.00% Reduced -5.8k -5,794
39 Mariner, LLC 0.00% of their portfolio Overland Park, KS 33,33733.3k $662.4k $662.4k 0.00% Reduced -143 -143
40 Ancora Advisors LLC 0.15% of their portfolio Cleveland, OH 32,76132.8k $5.9m $5.9m 0.15% Reduced -16.5k -16,523
41 GW&K Investment Management, LLC 0.05% of their portfolio BOSTON, MA 31,46131.5k $5.7m $5.7m 0.05% Reduced -1.4k -1,395
42 AdvisorShares Investments LLC 0.96% of their portfolio BETHESDA, MD 30,29730.3k $5.5m $5.5m 0.96% Added +2.1k +2,074
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 29,57829.6k $5.3m $5.3m 0.00% Added +1.9k +1,908
44 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 29,43629.4k $5.3m $5.3m 0.01% Added +2.5k +2,528
45 FIRST WILSHIRE SECURITIES MANAGEMENT INC 1.58% of their portfolio PASADENA, CA 28,49728.5k $5.2m $5.2m 1.58% Reduced -283 -283
46 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 25,56425.6k $4.6m $4.6m 0.00% Unchanged
47 LSV ASSET MANAGEMENT 0.01% of their portfolio CHICAGO, IL 22,50022.5k $4.1m $4.1m 0.01% Unchanged
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 21,93421.9k $4.0m $4.0m 0.00% Reduced -9.0k -8,980
49 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 21,20721.2k $3.8m $3.8m 0.01% Added +2.4k +2,352
50 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 20,32820.3k $3.7m $3.7m 0.00% Added +811 +811
51 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 20,28820.3k $3.7m $3.7m 0.00% Added +9.4k +9,354
52 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 19,61919.6k $3.5m $3.5m 0.00% Reduced -5.1k -5,119
53 Swiss National Bank 0.00% of their portfolio ZURICH, V8 18,38118.4k $3.3m $3.3m 0.00% Unchanged
54 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 16,31416.3k $2.9m $2.9m 0.00% Added +1.5k +1,503
55 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 15,83815.8k $2.9m $2.9m 0.00% Added +3.9k +3,869
56 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 15,74515.7k $2.8m $2.8m 0.00% Added +212 +212
57 Belpointe Asset Management LLC 0.20% of their portfolio RENO, NV 15,66815.7k $2.8m $2.8m 0.20% Reduced -15 -15
58 Fortis Capital Advisors, LLC 1.02% of their portfolio PRAIRIE VILLAGE, KS 15,66815.7k $2.8m $2.8m 1.02% Reduced -15 -15
59 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 15,25215.3k $2.8m $2.8m 0.00% Added +4.0k +3,957
60 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 14,61914.6k $2.6m $2.6m 0.00% Added +2.6k +2,584
61 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 14,46614.5k $2.6m $2.6m 0.00% Reduced -896 -896
62 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 13,35313.4k $2.4m $2.4m 0.01% Reduced -82 -82
63 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 13,34813.3k $2.4m $2.4m 0.00% Reduced -5.5k -5,469
64 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 12,48212.5k $2.3m $2.3m 0.00% Reduced -4.3k -4,311
65 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.09% of their portfolio RICHMOND, VA 12,21412.2k $2.2m $2.2m 0.09% Added +2.3k +2,273
66 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 12,11412.1k $2.2m $2.2m 0.00% Added +926 +926
67 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 11,99812.0k $2.3m $2.3m 0.02% First filing
68 CARY STREET PARTNERS ASSET MANAGEMENT LLC 0.30% of their portfolio RICHMOND, VA 11,44911.4k $2.1m $2.1m 0.30% Added +2.3k +2,289
69 Riverwater Partners LLC 1.53% of their portfolio Milwaukee, WI 11,40811.4k $2.1m $2.1m 1.53% Reduced -68 -68
70 Pullen Investment Management, LLC 1.70% of their portfolio BRADENTON, FL 11,33711.3k $2.0m $2.0m 1.70% Added +631 +631
71 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 10,95611.0k $2.0m $2.0m 0.00% Added +813 +813
72 Sequoia Financial Advisors, LLC 0.02% of their portfolio Akron, OH 10,86610.9k $2.0m $2.0m 0.02% Reduced -11 -11
73 Global Alpha Capital Management Ltd. 0.14% of their portfolio MONTREAL, A8 10,36010.4k $1.9m $1.9m 0.14% Added +60 +60
74 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 10,23810.2k $1.9m $1.9m 0.00% Added +53 +53
75 WEDBUSH SECURITIES INC 0.06% of their portfolio PASADENA, CA 10,01810.0k $1.8m $1.8m 0.06% Added +374 +374
76 Legal & General Group Plc 0.00% of their portfolio London, X0 9,1139.1k $1.6m $1.6m 0.00% Added +188 +188
77 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 9,0779.1k $1.6m $1.6m 0.00% Reduced -216 -216
78 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 8,6788.7k $1.6m $1.6m 0.02% Added +571 +571
79 Valmark Advisers, Inc. 0.03% of their portfolio AKRON, OH 8,5508.6k $1.5m $1.5m 0.03% Reduced -220 -220
80 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 8,5158.5k $1.5m $1.5m 0.00% Added +11 +11
81 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 8,3688.4k $1.5m $1.5m 0.00% Reduced -5.1k -5,139
82 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 8,2658.3k $1.5m $1.5m 0.00% Reduced -60 -60
83 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.62% of their portfolio Phoenix, AZ 8,0408.0k $1.5m $1.5m 0.62% Reduced -277 -277
84 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 8,0098.0k $1.4m $1.4m 0.03% New
85 Cruiser Capital Advisors, LLC 1.94% of their portfolio Stamford, CT 7,7497.7k $1.4m $1.4m 1.94% Unchanged
86 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 6,7106.7k $1.2m $1.2m 0.00% Reduced -5.9k -5,943
87 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 6,5876.6k $1.2m $1.2m 0.00% Reduced -199 -199
88 Applied Capital LLC/FL 1.02% of their portfolio HOLLYWOOD, FL 6,4626.5k $1.2m $1.2m 1.02% Added +2.8k +2,808
89 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 6,4516.5k $1.2m $1.2m 0.00% Reduced -5.2k -5,223
90 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 6,4006.4k $1.2m $1.2m 0.00% Unchanged
91 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 6,2036.2k $1.1m $1.1m 0.00% Reduced -323 -323
92 JAMES INVESTMENT RESEARCH, INC. 0.13% of their portfolio ALPHA, OH 6,1286.1k $1.1m $1.1m 0.13% Unchanged
93 Westover Capital Advisors, LLC 0.27% of their portfolio WILMINGTON, DE 5,8765.9k $1.1m $1.1m 0.27% Added +960 +960
94 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 5,2295.2k $945.5k $945.5k 0.01% Added +648 +648
95 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,1535.2k $931.8k $931.8k 0.00% Reduced -720 -720
96 EVERETT HARRIS & CO /CA/ 0.01% of their portfolio LOS ANGELES, CA 5,0475.0k $912.6k $912.6k 0.01% Unchanged
97 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 4,9204.9k $889.6k $889.6k 0.00% First filing
98 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 4,8814.9k $882.6k $882.6k 0.00% First filing
99 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,5564.6k $823.8k $823.8k 0.00% Reduced -3.9k -3,902
100 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,5094.5k $815.3k $815.3k 0.00% Added +47 +47