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 ($7.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $196.91. Options: 3 managers hold calls ($7.7m notional), 4 hold puts ($1.8m).
Trends to Q4 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 |
| Q3 2024 | 238 |
| Q4 2024 | 246 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 87 | 90 |
| Q2 2023 | 92 | 92 |
| Q3 2023 | 93 | 92 |
| Q4 2023 | 92 | 90 |
| Q1 2024 | 119 | 94 |
| Q2 2024 | 100 | 109 |
| Q3 2024 | 114 | 91 |
| Q4 2024 | 103 | 105 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $15.5m | $20.1m | 1.30 |
| Q2 2024 | $8.2m | $14.8m | 1.80 |
| Q3 2024 | $6.8m | $13.6m | 1.99 |
| Q4 2024 | $7.7m | $1.8m | 0.23 |
Biggest buyers
| Thrivent Financial for Lutherans | Added | +334.9k |
| CAPTRUST FINANCIAL ADVISORS | Added | +28.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +21.7k |
| Boston Partners | Added | +15.1k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +14.3k |
| DENALI ADVISORS LLC | New | +11.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +8.8k |
| VELA Investment Management, LLC | New | +8.8k |
| Balyasny Asset Management L.P. | Added | +7.7k |
| NORTHERN TRUST CORP | Added | +7.6k |
Biggest sellers
| FMR LLC | Reduced | -184.5k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Sold out | -93.7k |
| JPMORGAN CHASE & CO | Reduced | -36.0k |
| AdvisorShares Investments LLC | Sold out | -30.8k |
| Mariner, LLC | Reduced | -29.9k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -28.2k |
| Qube Research & Technologies Ltd | Reduced | -14.7k |
| BlackRock, Inc. | Reduced | -12.9k |
| JANE STREET GROUP, LLC | Reduced | -12.9k |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC | Sold out | -12.2k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $4.8m24.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.0m15.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $906.0k4.6k shares |
| CITADEL ADVISORS LLC | Reduced | $866.6k4.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.0k100 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 1 | $12.4k | 3 | $1.1m | — |
| Q4 2024 | 0 | — | 8 | $4.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-12 | Mullery Stephen P EVP - General Counsel | Sold | $978.9k4.5k shares |
| 2024-12-11 | Mullery Stephen P EVP - General Counsel | Sold | $117.3k543 shares |
| 2024-12-05 | NORDHOLM BRADFORD T President and CEO | Sold | $1.1m5.1k shares |
| 2024-11-25 | Culver Chester J Director | Sold | $69.1k326 shares |
| 2024-11-22 | Culver Chester J Director | Sold | $76.2k374 shares |
| 2024-11-19 | JOHNSON MITCHELL A Director | Sold | $307.0k1.5k shares |
| 2024-11-14 | JOHNSON MITCHELL A Director | Sold | $105.0k500 shares |
| 2024-11-14 | Mullery Stephen P EVP - General Counsel | Sold | $28.5k135 shares |
| 2024-11-13 | Mullery Stephen P EVP - General Counsel | Sold | $527.5k2.5k shares |
| 2024-11-13 | Brinch Brian M SVP - Enterprise Risk Officer | Sold | $124.5k593 shares |
| 2024-11-12 | Ramesh Aparna EVP - Chief Financial Officer | Sold | $211.8k1.0k shares |
| 2024-11-12 | JOHNSON MITCHELL A Director | Sold | $211.1k1.0k shares |
| 2024-11-08 | Faivre-Davis Sara Louise Director | Sold | $312.3k1.5k shares |
| 2024-11-08 | Carpenter Zachary EVP - Chief Business Officer | Sold | $103.7k500 shares |
| 2024-11-07 | JOHNSON MITCHELL A Director | Sold | $208.0k1.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 753.9k $148.5m | Reduced -12.9k |
| FMR LLC 0.01% of their portfolio | 638.7k $125.8m | Reduced -184.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 558.8k $110.1m | Added +819 |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 431.5k $85.0m | Reduced -1.1k |
| Boston Partners 0.10% of their portfolio | 415.7k $81.8m | Added +15.1k |
| Thrivent Financial for Lutherans 0.14% of their portfolio | 356.0k $70.1m | Added +334.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 334.0k $65.8m | Added +14.3k |
| Copeland Capital Management, LLC 1.09% of their portfolio | 297.8k $58.7m | Added +7.3k |
| CAPTRUST FINANCIAL ADVISORS 0.14% of their portfolio | 255.2k $50.3m | Added +28.2k |
| STATE STREET CORP 0.00% of their portfolio | 225.9k $44.5m | Added +3.7k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 220.3k $43.4m | Added +21.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 214.8k $42.3m | Reduced -512 |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 182.5k $35.9m | Reduced -96 |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 176.1k $34.7m | Reduced -249 |
| RICE HALL JAMES & ASSOCIATES, LLC 1.82% of their portfolio | 168.0k $33.1m | Reduced -4.1k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 146.8k $28.9m | First filing |
| NORTHERN TRUST CORP 0.00% of their portfolio | 129.9k $25.6m | Added +7.6k |
| WEYBOSSET RESEARCH & MANAGEMENT LLC 7.33% of their portfolio | 109.3k $21.5m | Reduced -1.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 101.3k $19.9m | Reduced -6.2k |
| MORGAN STANLEY 0.00% of their portfolio | 88.2k $17.4m | Reduced -10.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 71.8k $14.1m | Added +3.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.31% of their portfolio | 70.7k $13.9m | Added +1.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 64.6k $12.7m | Added +5.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 63.2k $12.4m | Added +6.3k |
| Matthew 25 Management Corp 3.75% of their portfolio | 60.0k $11.8m | Reduced -1.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 55.0k $10.8m | Reduced -36.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 52.0k $10.2m | Reduced -3.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 50.2k $9.9m | Reduced -28.2k |
| Barnett & Company, Inc. 5.84% of their portfolio | 45.3k $8.9m | Reduced -75 |
| CROWN ADVISORS MANAGEMENT, INC. 5.06% of their portfolio | 40.0k $7.9m | Unchanged |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 37.6k $7.4m | Reduced -2.3k |
| Foundry Partners, LLC 0.37% of their portfolio | 37.6k $7.4m | Added +10 |
| Ballast Asset Management, LP 3.46% of their portfolio | 35.4k $7.0m | Reduced -1.3k |
| Invesco Ltd. 0.00% of their portfolio | 34.6k $6.8m | Reduced -1.7k |
| Empowered Funds, LLC 0.10% of their portfolio | 33.8k $6.7m | Reduced -9.2k |
| Ancora Advisors LLC 0.14% of their portfolio | 32.0k $6.3m | Reduced -49 |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 31.7k $6.2m | Reduced -3.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 31.6k $6.2m | Added +8.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 30.1k $5.9m | Reduced -732 |
| FIL Ltd 0.01% of their portfolio | 28.9k $5.7m | Added +5.1k |
| GW&K Investment Management, LLC 0.05% of their portfolio | 28.3k $5.6m | Reduced -2.0k |
| UBS Group AG 0.00% of their portfolio | 28.1k $5.5m | Added +5.3k |
| Militia Capital Partners, LP 2.56% of their portfolio | 28.0k $5.5m | First filing |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 1.48% of their portfolio | 27.7k $5.5m | Reduced -696 |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 25.4k $5.0m | Reduced -129 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 23.6k $4.7m | Reduced -14.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 20.2k $4.0m | Added +192 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 19.6k $3.9m | Added +1.4k |
| BARCLAYS PLC 0.00% of their portfolio | 18.9k $3.7m | Added +744 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 18.3k $3.6m | Reduced -3.4k |
| Swiss National Bank 0.00% of their portfolio | 18.3k $3.6m | Unchanged |
| Sequoia Financial Advisors, LLC 0.03% of their portfolio | 18.1k $3.6m | Added +20 |
| Baird Financial Group, Inc. 0.01% of their portfolio | 17.9k $3.5m | Added +135 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 17.6k $3.5m | Reduced -3.9k |
| Pullen Investment Management, LLC 2.05% of their portfolio | 16.0k $3.2m | Added +3.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 15.8k $3.1m | First filing |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 15.6k $3.1m | Added +87 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 15.0k $3.0m | Added +2.1k |
| CITIGROUP INC 0.00% of their portfolio | 14.8k $2.9m | Added +6.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 14.7k $2.9m | Reduced -3.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 14.7k $2.9m | Added +668 |
| Global Alpha Capital Management Ltd. 0.20% of their portfolio | 14.0k $2.8m | Added +2.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 13.4k $2.6m | Reduced -2.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 13.2k $2.6m | Reduced -72 |
| Sanctuary Advisors, LLC 0.02% of their portfolio | 13.1k $2.6m | Added +441 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 13.1k $2.6m | Reduced -3.0k |
| HighTower Advisors, LLC 0.00% of their portfolio | 12.3k $2.4m | Reduced -904 |
| Riverwater Partners LLC 1.13% of their portfolio | 11.8k $2.3m | Added +230 |
| DENALI ADVISORS LLC 0.23% of their portfolio | 11.3k $2.2m | New |
| CARY STREET PARTNERS FINANCIAL LLC 0.07% of their portfolio | 11.2k $2.2m | First filing |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 11.0k $2.2m | Added +7.7k |
| Legal & General Group Plc 0.00% of their portfolio | 10.7k $2.1m | Added +271 |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 10.6k $2.1m | Reduced -10.1k |
| Atria Investments, Inc 0.02% of their portfolio | 9.6k $1.9m | Added +843 |
| HRT FINANCIAL LP 0.01% of their portfolio | 9.4k $1.8m | Added +4.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 8.9k $1.7m | Reduced -1.4k |
| LPL Financial LLC 0.00% of their portfolio | 8.8k $1.7m | Added +874 |
| VELA Investment Management, LLC 0.59% of their portfolio | 8.8k $1.7m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 8.7k $1.7m | Reduced -106 |
| Valmark Advisers, Inc. 0.03% of their portfolio | 8.6k $1.7m | Added +136 |
| CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.56% of their portfolio | 8.0k $1.6m | Reduced -11 |
| Cruiser Capital Advisors, LLC 1.66% of their portfolio | 7.7k $1.5m | Unchanged |
| Allianz Asset Management GmbH 0.00% of their portfolio | 7.4k $1.5m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 7.4k $1.5m | Added +597 |
| WEDBUSH SECURITIES INC 0.05% of their portfolio | 7.3k $1.4m | Reduced -67 |
| Belpointe Asset Management LLC 0.08% of their portfolio | 7.0k $1.4m | Added +8 |
| Fortis Capital Advisors, LLC 0.47% of their portfolio | 7.0k $1.4m | Added +8 |
| Westover Capital Advisors, LLC 0.28% of their portfolio | 6.5k $1.3m | Added +75 |
| M&T Bank Corp 0.00% of their portfolio | 6.5k $1.3m | Reduced -105 |
| Applied Capital LLC/FL 1.00% of their portfolio | 6.5k $1.3m | Reduced -45 |
| Clearbridge Investments, LLC 0.00% of their portfolio | 6.4k $1.3m | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 6.3k $1.2m | Reduced -530 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.2k $1.2m | Added +194 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 6.2k $1.2m | Added +2.9k |
| JAMES INVESTMENT RESEARCH, INC. 0.14% of their portfolio | 6.1k $1.2m | Unchanged |
| MetLife Investment Management, LLC 0.01% of their portfolio | 5.6k $1.1m | Added +373 |
| Creative Planning 0.00% of their portfolio | 5.5k $1.1m | Reduced -13 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 5.2k $1.0m | Added +198 |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 5.1k $1.0m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 5.1k $1.0m | Added +4.4k |