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 ($7.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $187.39. Options: 7 managers hold calls ($7.6m notional), 5 hold puts ($5.0m).
Trends to Q1 2025
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 |
| Q1 2025 | 249 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 115 | 103 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $8.2m | $14.8m | 1.80 |
| Q3 2024 | $6.8m | $13.6m | 1.99 |
| Q4 2024 | $7.7m | $1.8m | 0.23 |
| Q1 2025 | $7.6m | $5.0m | 0.66 |
Biggest buyers
| AMERICAN CENTURY COMPANIES INC | Added | +24.3k |
| CAPTRUST FINANCIAL ADVISORS | Added | +22.9k |
| Thrivent Financial for Lutherans | Added | +21.8k |
| D. E. Shaw & Co., Inc. | Added | +17.4k |
| JANE STREET GROUP, LLC | Added | +13.6k |
| LOOMIS SAYLES & CO L P | Added | +11.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +9.3k |
| CITADEL ADVISORS LLC | Added | +8.9k |
| Empirical Finance, LLC | New | +8.9k |
| DARK FOREST CAPITAL MANAGEMENT LP | New | +6.7k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -26.5k |
| FMR LLC | Reduced | -19.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -16.8k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -14.7k |
| STATE STREET CORP | Reduced | -13.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -12.9k |
| DENALI ADVISORS LLC | Sold out | -11.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -9.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -9.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH | Reduced | -9.3k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $3.7m19.8k shares |
| PEAK6 LLC | New | $1.6m8.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m8.1k shares |
| JANE STREET GROUP, LLC | New | $337.5k1.8k shares |
| WOLVERINE TRADING, LLC | New | $245.2k1.3k shares |
| SIMPLEX TRADING, LLC | New | $206.0k1.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 LLC | New | $2.2m11.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.5m8.1k shares |
| CITADEL ADVISORS LLC | Added | $937.5k5.0k shares |
| SIMPLEX TRADING, LLC | Added | $375.0k2.0k 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 Q1 2025
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2025 | 1 | $195.6k | 3 | $2.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-11 | Sexton Robert G Director | Bought | $195.6k1.0k shares |
| 2025-03-07 | NORDHOLM BRADFORD T President and CEO | Sold | $1.5m7.4k shares |
| 2025-03-04 | Ramesh Aparna EVP - Chief Financial Officer | Sold | $201.9k1.0k shares |
| 2025-03-03 | JOHNSON MITCHELL A Director | Sold | $205.2k1.0k shares |
| 2025-02-25 | JOHNSON MITCHELL A Director | Sold | $513.0k2.5k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 749.2k $140.5m | Reduced -4.7k |
| FMR LLC 0.01% of their portfolio | 619.6k $116.2m | Reduced -19.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 562.8k $105.5m | Added +4.0k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 416.7k $78.1m | Reduced -14.7k |
| Boston Partners 0.09% of their portfolio | 415.9k $77.1m | Added +157 |
| Thrivent Financial for Lutherans 0.16% of their portfolio | 377.8k $70.8m | Added +21.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 330.5k $62.0m | Reduced -3.4k |
| Copeland Capital Management, LLC 1.08% of their portfolio | 288.8k $54.1m | Reduced -9.0k |
| CAPTRUST FINANCIAL ADVISORS 0.13% of their portfolio | 278.1k $52.2m | Added +22.9k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 244.6k $45.9m | Added +24.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 219.6k $41.2m | Added +4.8k |
| STATE STREET CORP 0.00% of their portfolio | 212.3k $39.8m | Reduced -13.6k |
| LOOMIS SAYLES & CO L P 0.05% of their portfolio | 187.7k $35.2m | Added +11.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 172.6k $32.4m | Reduced -9.9k |
| RICE HALL JAMES & ASSOCIATES, LLC 1.80% of their portfolio | 163.8k $30.7m | Reduced -4.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 141.0k $26.4m | Reduced -5.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 134.5k $25.2m | Added +4.6k |
| WEYBOSSET RESEARCH & MANAGEMENT LLC 7.00% of their portfolio | 106.8k $20.0m | Reduced -2.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 106.3k $19.9m | Added +5.0k |
| MORGAN STANLEY 0.00% of their portfolio | 86.2k $16.2m | Reduced -2.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 72.6k $13.6m | Added +786 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 68.9k $12.9m | Added +5.7k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.29% of their portfolio | 60.9k $11.4m | Reduced -9.8k |
| Matthew 25 Management Corp 3.80% of their portfolio | 55.0k $10.3m | Reduced -5.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 51.7k $9.7m | Reduced -344 |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 51.4k $9.6m | Added +1.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 47.8k $9.0m | Reduced -16.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 41.2k $7.7m | Added +3.6k |
| Barnett & Company, Inc. 6.30% of their portfolio | 40.2k $7.5m | Reduced -5.1k |
| CROWN ADVISORS MANAGEMENT, INC. 6.61% of their portfolio | 40.0k $7.5m | Unchanged |
| Foundry Partners, LLC 0.37% of their portfolio | 37.4k $7.0m | Reduced -235 |
| Ballast Asset Management, LP 3.56% of their portfolio | 36.0k $6.7m | Added +549 |
| Empowered Funds, LLC 0.09% of their portfolio | 34.5k $6.5m | Added +678 |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 30.9k $5.8m | Added +17.4k |
| Militia Capital Partners, LP 2.26% of their portfolio | 30.0k $5.6m | Added +2.0k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 30.0k $5.6m | Reduced -1.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 29.5k $5.5m | Reduced -2.2k |
| Ancora Advisors LLC 0.12% of their portfolio | 29.0k $5.4m | Reduced -3.0k |
| Invesco Ltd. 0.00% of their portfolio | 29.0k $5.4m | Reduced -5.6k |
| FIL Ltd 0.01% of their portfolio | 28.8k $5.4m | Reduced -47 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 28.5k $5.3m | Reduced -26.5k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 28.2k $5.3m | Added +4.5k |
| GW&K Investment Management, LLC 0.05% of their portfolio | 27.9k $5.2m | Reduced -396 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 27.7k $5.2m | Added +9.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 27.5k $5.2m | Reduced -2.5k |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 1.48% of their portfolio | 27.4k $5.1m | Reduced -284 |
| Nuveen, LLC 0.00% of their portfolio | 24.9k $4.7m | First filing |
| UBS Group AG 0.00% of their portfolio | 24.2k $4.5m | Reduced -4.0k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 22.5k $4.2m | Added +2.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 21.7k $4.1m | Added +2.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 19.6k $3.7m | Added +4.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 18.5k $3.5m | Added +5.5k |
| Swiss National Bank 0.00% of their portfolio | 18.1k $3.4m | Reduced -200 |
| Baird Financial Group, Inc. 0.01% of their portfolio | 17.8k $3.3m | Reduced -76 |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 17.2k $3.2m | Added +13.6k |
| Pullen Investment Management, LLC 1.90% of their portfolio | 16.0k $3.0m | Reduced -1 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 15.6k $2.9m | Reduced -7 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 15.2k $2.8m | Added +2.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 15.1k $2.8m | Added +398 |
| Global Alpha Capital Management Ltd. 0.21% of their portfolio | 15.1k $2.8m | Added +1.1k |
| BARCLAYS PLC 0.00% of their portfolio | 14.6k $2.7m | Reduced -4.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 14.0k $2.6m | Added +8.9k |
| Sanctuary Advisors, LLC 0.02% of their portfolio | 13.6k $2.5m | Added +445 |
| VELA Investment Management, LLC 0.84% of their portfolio | 13.0k $2.4m | Added +4.2k |
| HighTower Advisors, LLC 0.00% of their portfolio | 12.3k $2.3m | Added +5 |
| Sequoia Financial Advisors, LLC 0.02% of their portfolio | 11.9k $2.2m | Reduced -6.2k |
| HRT FINANCIAL LP 0.02% of their portfolio | 11.4k $2.1m | Added +2.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 10.9k $2.0m | Reduced -4.1k |
| Atria Investments, Inc 0.03% of their portfolio | 10.6k $2.0m | Added +1.0k |
| Legal & General Group Plc 0.00% of their portfolio | 10.2k $1.9m | Reduced -480 |
| CARY STREET PARTNERS FINANCIAL LLC 0.06% of their portfolio | 10.1k $1.9m | Reduced -1.1k |
| Valmark Advisers, Inc. 0.03% of their portfolio | 9.0k $1.7m | Added +397 |
| Empirical Finance, LLC 0.10% of their portfolio | 8.9k $1.7m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 8.8k $1.7m | Reduced -15 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 8.5k $1.6m | Reduced -212 |
| CITIGROUP INC 0.00% of their portfolio | 8.1k $1.5m | Reduced -6.7k |
| CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.57% of their portfolio | 8.0k $1.5m | Added +29 |
| LPL Financial LLC 0.00% of their portfolio | 8.0k $1.5m | Reduced -792 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 7.8k $1.5m | Added +382 |
| Cruiser Capital Advisors, LLC 2.06% of their portfolio | 7.7k $1.5m | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 7.7k $1.4m | Added +2.7k |
| WEDBUSH SECURITIES INC 0.05% of their portfolio | 7.3k $1.4m | Added +11 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.7k $1.3m | Added +513 |
| DARK FOREST CAPITAL MANAGEMENT LP 0.06% of their portfolio | 6.7k $1.3m | New |
| Riverwater Partners LLC 0.64% of their portfolio | 6.6k $1.2m | Reduced -5.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 6.5k $1.2m | Reduced -9.3k |
| Applied Capital LLC/FL 0.97% of their portfolio | 6.5k $1.2m | Added +10 |
| Clearbridge Investments, LLC 0.00% of their portfolio | 6.4k $1.2m | Unchanged |
| Belpointe Asset Management LLC 0.06% of their portfolio | 6.3k $1.2m | Reduced -703 |
| Fortis Capital Advisors, LLC 0.24% of their portfolio | 6.3k $1.2m | Reduced -703 |
| JAMES INVESTMENT RESEARCH, INC. 0.15% of their portfolio | 6.1k $1.1m | Unchanged |
| M&T Bank Corp 0.00% of their portfolio | 6.0k $1.1m | Reduced -516 |
| Creative Planning 0.00% of their portfolio | 5.9k $1.1m | Added +347 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 5.8k $1.1m | Reduced -5.2k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 5.8k $1.1m | Reduced -495 |
| &PARTNERS 0.01% of their portfolio | 5.5k $1.0m | Added +2.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 5.5k $1.0m | Added +267 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 5.4k $1.0m | Reduced -190 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 5.0k $936.4k | Added +2.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 4.9k $918.8k | Unchanged |