FEDERAL AGRIC MTG CORP AGM
CL C · Common Stock · CUSIP 313148306
Commonly known as Farmer Mac in the United States
- SectorFinancials
- IndustryFederal & Federally-Sponsored Credit Agencies
- HeadquartersWashington, DC
- Websitefarmermac.com
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 165 |
| Q4 2022 | 184 |
| Q1 2023 | 184 |
| Q2 2023 | 194 |
| Q3 2023 | 199 |
| Q4 2023 | 215 |
| Q1 2024 | 232 |
| Q2 2024 | 223 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 98 | 61 |
| Q1 2023 | 87 | 90 |
| Q2 2023 | 92 | 92 |
| Q3 2023 | 93 | 92 |
| Q4 2023 | 92 | 90 |
| Q1 2024 | 119 | 94 |
| Q2 2024 | 100 | 109 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $14.4m | $10.7m | 0.75 |
| Q4 2023 | $52.4m | $18.3m | 0.35 |
| Q1 2024 | $15.5m | $20.1m | 1.30 |
| Q2 2024 | $8.2m | $14.8m | 1.80 |
Biggest buyers
| FMR LLC | Added | +84.8k |
| CAPTRUST FINANCIAL ADVISORS | Added | +83.8k |
| AMERICAN CENTURY COMPANIES INC | Added | +36.4k |
| VANGUARD GROUP INC | Added | +17.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +13.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +9.4k |
| Cubist Systematic Strategies, LLC | New | +8.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +4.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +4.1k |
| AQR CAPITAL MANAGEMENT LLC | Added | +4.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -211.7k |
| JPMORGAN CHASE & CO | Reduced | -67.5k |
| Empowered Funds, LLC | Reduced | -35.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -30.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -28.5k |
| BlackRock Inc. | Reduced | -18.2k |
| Ancora Advisors LLC | Reduced | -16.5k |
| HRT FINANCIAL LP | Sold out | -11.1k |
| Brevan Howard Capital Management LP | Sold out | -10.7k |
| Boston Partners | Reduced | -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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $4.8k | 0 | — | — |
| Q4 2022 | 1 | $4.9k | 4 | $252.0k | — |
| Q1 2023 | 2 | $255.3k | 1 | $50.1k | — |
| Q2 2023 | 2 | $98.7k | 5 | $473.8k | — |
| Q3 2023 | 2 | $16.0k | 4 | $1.7m | — |
| Q4 2023 | 1 | $6.5k | 3 | $83.1k | — |
| Q1 2024 | 0 | — | 1 | $57.6k | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.00% of their portfolio | 776.1k $140.3m | Reduced -18.2k |
| FMR LLC 0.01% of their portfolio | 761.8k $137.8m | Added +84.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 555.4k $100.4m | Added +17.8k |
| Boston Partners 0.11% of their portfolio | 476.3k $87.5m | Reduced -10.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 442.7k $80.0m | Reduced -1.6k |
| Copeland Capital Management, LLC 0.98% of their portfolio | 290.3k $52.5m | Added +1.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 289.8k $52.4m | Reduced -2.4k |
| STATE STREET CORP 0.00% of their portfolio | 220.8k $39.9m | Reduced -715 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 214.9k $38.9m | Added +4.2k |
| CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio | 206.4k $37.3m | Added +83.8k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 179.7k $32.5m | Added +418 |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 178.0k $32.2m | Added +36.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 172.4k $31.2m | Added +13.1k |
| RICE HALL JAMES & ASSOCIATES, LLC 1.69% of their portfolio | 155.6k $28.1m | Reduced -4.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 119.3k $21.6m | Reduced -556 |
| WEYBOSSET RESEARCH & MANAGEMENT LLC 7.70% of their portfolio | 113.6k $20.5m | Reduced -2.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 112.6k $20.4m | Reduced -67.5k |
| MORGAN STANLEY 0.00% of their portfolio | 107.9k $19.5m | Reduced -211.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 101.0k $18.3m | Added +4.1k |
| EAGLE ASSET MANAGEMENT INC 0.07% of their portfolio | 76.1k $13.8m | Reduced -559 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.29% of their portfolio | 67.5k $12.2m | Added +2.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 65.7k $11.9m | Added +1.1k |
| Matthew 25 Management Corp 4.05% of their portfolio | 64.5k $11.7m | Added +2.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 62.6k $11.3m | Reduced -28.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 62.0k $11.2m | Reduced -981 |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 61.5k $11.1m | Reduced -757 |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 59.6k $10.8m | Reduced -30.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 59.1k $10.7m | Reduced -552 |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 54.9k $9.9m | Reduced -1.4k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 46.5k $8.4m | Added +293 |
| Barnett & Company, Inc. 5.80% of their portfolio | 44.7k $8.1m | Reduced -833 |
| Empowered Funds, LLC 0.13% of their portfolio | 41.0k $7.4m | Reduced -35.7k |
| CROWN ADVISORS MANAGEMENT, INC. 4.64% of their portfolio | 40.0k $7.2m | Unchanged |
| Ballast Asset Management, LP 3.66% of their portfolio | 37.3k $6.7m | Added +2.4k |
| Foundry Partners, LLC 0.36% of their portfolio | 37.2k $6.7m | Reduced -475 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 35.4k $6.4m | Reduced -796 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 34.8k $6.3m | Added +913 |
| Invesco Ltd. 0.00% of their portfolio | 34.1k $6.2m | Reduced -5.8k |
| Mariner, LLC 0.00% of their portfolio | 33.3k $662.4k | Reduced -143 |
| Ancora Advisors LLC 0.15% of their portfolio | 32.8k $5.9m | Reduced -16.5k |
| GW&K Investment Management, LLC 0.05% of their portfolio | 31.5k $5.7m | Reduced -1.4k |
| AdvisorShares Investments LLC 0.96% of their portfolio | 30.3k $5.5m | Added +2.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 29.6k $5.3m | Added +1.9k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 29.4k $5.3m | Added +2.5k |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 1.58% of their portfolio | 28.5k $5.2m | Reduced -283 |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 25.6k $4.6m | Unchanged |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 22.5k $4.1m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 21.9k $4.0m | Reduced -9.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 21.2k $3.8m | Added +2.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 20.3k $3.7m | Added +811 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 20.3k $3.7m | Added +9.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 19.6k $3.5m | Reduced -5.1k |
| Swiss National Bank 0.00% of their portfolio | 18.4k $3.3m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 16.3k $2.9m | Added +1.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 15.8k $2.9m | Added +3.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 15.7k $2.8m | Added +212 |
| Belpointe Asset Management LLC 0.20% of their portfolio | 15.7k $2.8m | Reduced -15 |
| Fortis Capital Advisors, LLC 1.02% of their portfolio | 15.7k $2.8m | Reduced -15 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 15.3k $2.8m | Added +4.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 14.6k $2.6m | Added +2.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 14.5k $2.6m | Reduced -896 |
| Baird Financial Group, Inc. 0.01% of their portfolio | 13.4k $2.4m | Reduced -82 |
| HighTower Advisors, LLC 0.00% of their portfolio | 13.3k $2.4m | Reduced -5.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 12.5k $2.3m | Reduced -4.3k |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.09% of their portfolio | 12.2k $2.2m | Added +2.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 12.1k $2.2m | Added +926 |
| Sanctuary Advisors, LLC 0.02% of their portfolio | 12.0k $2.3m | First filing |
| CARY STREET PARTNERS ASSET MANAGEMENT LLC 0.30% of their portfolio | 11.4k $2.1m | Added +2.3k |
| Riverwater Partners LLC 1.53% of their portfolio | 11.4k $2.1m | Reduced -68 |
| Pullen Investment Management, LLC 1.70% of their portfolio | 11.3k $2.0m | Added +631 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 11.0k $2.0m | Added +813 |
| Sequoia Financial Advisors, LLC 0.02% of their portfolio | 10.9k $2.0m | Reduced -11 |
| Global Alpha Capital Management Ltd. 0.14% of their portfolio | 10.4k $1.9m | Added +60 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 10.2k $1.9m | Added +53 |
| WEDBUSH SECURITIES INC 0.06% of their portfolio | 10.0k $1.8m | Added +374 |
| Legal & General Group Plc 0.00% of their portfolio | 9.1k $1.6m | Added +188 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 9.1k $1.6m | Reduced -216 |
| Atria Investments, Inc 0.02% of their portfolio | 8.7k $1.6m | Added +571 |
| Valmark Advisers, Inc. 0.03% of their portfolio | 8.6k $1.5m | Reduced -220 |
| LPL Financial LLC 0.00% of their portfolio | 8.5k $1.5m | Added +11 |
| Allianz Asset Management GmbH 0.00% of their portfolio | 8.4k $1.5m | Reduced -5.1k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 8.3k $1.5m | Reduced -60 |
| CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.62% of their portfolio | 8.0k $1.5m | Reduced -277 |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 8.0k $1.4m | New |
| Cruiser Capital Advisors, LLC 1.94% of their portfolio | 7.7k $1.4m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 6.7k $1.2m | Reduced -5.9k |
| M&T Bank Corp 0.00% of their portfolio | 6.6k $1.2m | Reduced -199 |
| Applied Capital LLC/FL 1.02% of their portfolio | 6.5k $1.2m | Added +2.8k |
| BARCLAYS PLC 0.00% of their portfolio | 6.5k $1.2m | Reduced -5.2k |
| Clearbridge Investments, LLC 0.00% of their portfolio | 6.4k $1.2m | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 6.2k $1.1m | Reduced -323 |
| JAMES INVESTMENT RESEARCH, INC. 0.13% of their portfolio | 6.1k $1.1m | Unchanged |
| Westover Capital Advisors, LLC 0.27% of their portfolio | 5.9k $1.1m | Added +960 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 5.2k $945.5k | Added +648 |
| Creative Planning 0.00% of their portfolio | 5.2k $931.8k | Reduced -720 |
| EVERETT HARRIS & CO /CA/ 0.01% of their portfolio | 5.0k $912.6k | Unchanged |
| Corebridge Financial, Inc. 0.00% of their portfolio | 4.9k $889.6k | First filing |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 4.9k $882.6k | First filing |
| CITIGROUP INC 0.00% of their portfolio | 4.6k $823.8k | Reduced -3.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 4.5k $815.3k | Added +47 |