Vault-13

FEDERAL AGRIC MTG CORP AGM

CL C · Common Stock · CUSIP 313148306

Commonly known as Farmer Mac in the United States

232 institutional holders -3 vs Q4 2025
7,905,0597.9m shares reported held*
$1.2bnreported value*
30 new 81 added 75 reduced 36 sold out net bought ≈ $37.0m (+249.3k 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 ($7.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $147.66. Options: 5 managers hold calls ($3.7m notional), 6 hold puts ($8.4m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 165Q4 22: 184Q1 23: 184Q2 23: 194Q3 23: 199Q4 23: 215Q1 24: 232Q2 24: 223Q3 24: 238Q4 24: 246Q1 25: 249Q2 25: 256Q3 25: 241Q4 25: 235Q1 26: 232232Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022165
Q4 2022184
Q1 2023184
Q2 2023194
Q3 2023199
Q4 2023215
Q1 2024232
Q2 2024223
Q3 2024238
Q4 2024246
Q1 2025249
Q2 2025256
Q3 2025241
Q4 2025235
Q1 2026232

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 100 bought or addedQ2 24: 109 cut or sold outQ3 24: 114 bought or addedQ3 24: 91 cut or sold outQ3 24Q4 24: 103 bought or addedQ4 24: 105 cut or sold outQ1 25: 115 bought or addedQ1 25: 103 cut or sold outQ1 25Q2 25: 117 bought or addedQ2 25: 103 cut or sold outQ3 25: 119 bought or addedQ3 25: 119 cut or sold outQ3 25Q4 25: 96 bought or addedQ4 25: 120 cut or sold outQ1 26: 111 bought or addedQ1 26: 111 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024100109
Q3 202411491
Q4 2024103105
Q1 2025115103
Q2 2025117103
Q3 2025119119
Q4 202596120
Q1 2026111111

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $7.8mQ2 25 puts: $11.4mQ2 25P/C 1.47Q3 25 calls: $7.1mQ3 25 puts: $15.4mQ3 25P/C 2.18Q4 25 calls: $3.9mQ4 25 puts: $15.5mQ4 25P/C 4.01Q1 26 calls: $3.7mQ1 26 puts: $8.4mQ1 26P/C 2.25
Numbers
QuarterCallsPutsP/C
Q2 2025$7.8m$11.4m1.47
Q3 2025$7.1m$15.4m2.18
Q4 2025$3.9m$15.5m4.01
Q1 2026$3.7m$8.4m2.25

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +215,856+215.9k
Invesco Ltd. Added +101,087+101.1k
Empowered Funds, LLC New +96,341+96.3k
WELLINGTON MANAGEMENT GROUP LLP Added +55,141+55.1k
Mountain Lake Investment Management LLC New +42,844+42.8k
PRINCIPAL FINANCIAL GROUP INC Added +39,702+39.7k
CITADEL ADVISORS LLC Added +34,160+34.2k
MILLENNIUM MANAGEMENT LLC New +27,709+27.7k
BlackRock, Inc. Added +23,865+23.9k
DIMENSIONAL FUND ADVISORS LP Added +23,228+23.2k

Biggest sellers

FMR LLC Reduced -342,011-342.0k
CAPTRUST FINANCIAL ADVISORS Reduced -92,633-92.6k
Boston Partners Reduced -67,673-67.7k
FIRST SABREPOINT CAPITAL MANAGEMENT LP Sold out -44,500-44.5k
MORGAN STANLEY Reduced -21,021-21.0k
D. E. Shaw & Co., Inc. Reduced -18,170-18.2k
BESSEMER GROUP INC Reduced -17,155-17.2k
Ancora Advisors LLC Reduced -15,943-15.9k
JANE STREET GROUP, LLC Reduced -11,818-11.8k
Jefferies Financial Group Inc. Sold out -10,262-10.3k

Biggest calls

D. E. Shaw & Co., Inc. Added $1.7m11.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $845.6k5.7k shares
IMC-Chicago, LLC New $608.2k4.1k shares
CITADEL ADVISORS LLC Reduced $445.1k3.0k shares
PEAK6 LLC Reduced $103.8k700 shares

Biggest puts

Caption Management, LLC Reduced $3.0m20.0k shares
D. E. Shaw & Co., Inc. Reduced $1.8m12.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.6m10.8k shares
CITADEL ADVISORS LLC Reduced $919.8k6.2k shares
PEAK6 LLC Reduced $771.4k5.2k shares
IMC-Chicago, LLC New $326.4k2.2k 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 2026

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
10010Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 3 sellingQ3 24Q4 24: 0 buyingQ4 24: 8 sellingQ1 25: 1 buyingQ1 25: 3 sellingQ1 25Q2 25: 0 buyingQ2 25: 3 sellingQ3 25: 0 buyingQ3 25: 3 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20240—0——
Q3 20241$12.4k3$1.1m—
Q4 20240—8$4.5m—
Q1 20251$195.6k3$2.4m—
Q2 20250—3$1.8m—
Q3 20250—3$1.2m—
Q4 20250—0——
Q1 20260—0——

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.00% of their portfolio New York, NY 737,476737.5k $109.4m $109.4m 0.00% Added +23.9k +23,865
2 Thrivent Financial for Lutherans 0.12% of their portfolio Minneapolis, MN 439,069439.1k $65.1m $65.1m 0.12% Added +2.3k +2,283
3 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 396,966397.0k $58.9m $58.9m 0.00% First filing
4 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 395,276395.3k $58.6m $58.6m 0.01% Added +23.2k +23,228
5 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 351,330351.3k $52.1m $52.1m 0.03% Added +39.7k +39,702
6 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 323,589323.6k $48.0m $48.0m 0.01% Added +215.9k +215,856
7 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 323,373323.4k $48.0m $48.0m 0.02% Added +23.1k +23,127
8 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 318,072318.1k $47.2m $47.2m 0.01% Added +55.1k +55,141
9 Boston Partners 0.04% of their portfolio BOSTON, MA 277,878277.9k $41.3m $41.3m 0.04% Reduced -67.7k -67,673
10 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 275,768275.8k $40.9m $40.9m 0.01% Unchanged
11 CAPTRUST FINANCIAL ADVISORS 0.07% of their portfolio RALEIGH, NC 266,275266.3k $39.5m $39.5m 0.07% Reduced -92.6k -92,633
12 Copeland Capital Management, LLC 0.78% of their portfolio Conshohocken, PA 236,583236.6k $35.1m $35.1m 0.78% Reduced -4.3k -4,322
13 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 229,611229.6k $34.1m $34.1m 0.00% Added +8.5k +8,488
14 LOOMIS SAYLES & CO L P 0.04% of their portfolio BOSTON, MA 218,503218.5k $32.4m $32.4m 0.04% Reduced -6.8k -6,822
15 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 214,685214.7k $31.5m $31.5m 0.01% Reduced -9.0k -8,977
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 213,544213.5k $31.7m $31.7m 0.00% Added +4.3k +4,275
17 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 116,438116.4k $17.3m $17.3m 0.00% Added +101.1k +101,087
18 RICE HALL JAMES & ASSOCIATES, LLC 0.95% of their portfolio San Diego, CA 114,705114.7k $17.0m $17.0m 0.95% Added +2.3k +2,281
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 112,851112.9k $16.7m $16.7m 0.00% Reduced -3.6k -3,650
20 WEYBOSSET RESEARCH & MANAGEMENT LLC 4.44% of their portfolio PROVIDENCE, RI 103,743103.7k $15.4m $15.4m 4.44% Reduced -392 -392
21 Empowered Funds, LLC 0.09% of their portfolio NEWTOWN SQUARE, PA 96,34196.3k $14.3m $14.3m 0.09% New
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 86,74186.7k $12.9m $12.9m 0.00% Reduced -551 -551
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 75,81775.8k $11.2m $11.2m 0.00% Added +10.7k +10,721
24 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 73,98574.0k $11.0m $11.0m 0.00% First filing
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 68,61568.6k $10.2m $10.2m 0.00% Added +1.4k +1,417
26 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.20% of their portfolio HOUSTON, TX 68,28068.3k $10.1m $10.1m 0.20% Reduced -2.9k -2,894
27 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 67,56267.6k $10.0m $10.0m 0.01% Added +19.9k +19,922
28 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 64,86664.9k $9.6m $9.6m 0.01% Added +19.3k +19,341
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 64,66764.7k $9.6m $9.6m 0.00% Added +18.5k +18,530
30 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 61,94561.9k $9.2m $9.2m 0.00% First filing
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 60,41460.4k $9.0m $9.0m 0.00% Added +478 +478
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 46,94246.9k $7.0m $7.0m 0.00% Reduced -21.0k -21,021
33 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 43,23343.2k $6.4m $6.4m 0.01% Reduced -5.4k -5,412
34 Mountain Lake Investment Management LLC 4.11% of their portfolio SAN FRANCISCO, CA 42,84442.8k $6.4m $6.4m 4.11% New
35 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 42,69042.7k $6.3m $6.3m 0.00% Added +34.2k +34,160
36 Empirical Finance, LLC 0.29% of their portfolio NEWTOWN SQUARE, PA 41,59241.6k $6.2m $6.2m 0.29% Added +19.2k +19,217
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 40,56640.6k $6.0m $6.0m 0.00% Reduced -1.1k -1,107
38 HUNTINGTON BANCSHARES INC /MD/ 75.16% of their portfolio COLUMBUS, OH 40,47240.5k $584.0k $584.0k 75.16% First filing
39 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 40,46940.5k $6.0m $6.0m 0.01% Added +13.1k +13,142
40 Militia Capital Management LLC 0.45% of their portfolio AUSTIN, TX 40,00040.0k $5.9m $5.9m 0.45% First filing
41 ProShare Advisors LLC 0.01% of their portfolio BETHESDA, MD 39,84239.8k $5.9m $5.9m 0.01% Added +4.5k +4,453
42 Ballast Asset Management, LP 2.48% of their portfolio DALLAS, TX 37,59237.6k $5.6m $5.6m 2.48% Added +2.6k +2,615
43 Barnett & Company, Inc. 4.29% of their portfolio CHATTANOOGA, TN 37,17337.2k $5.5m $5.5m 4.29% Reduced -658 -658
44 Man Group plc 0.01% of their portfolio LONDON, X0 37,13537.1k $5.5m $5.5m 0.01% Reduced -6.4k -6,435
45 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 35,66235.7k $5.3m $5.3m 0.00% Added +19.7k +19,738
46 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 30,46930.5k $4.5m $4.5m 0.00% Reduced -424 -424
47 CSM Advisors, LLC 0.11% of their portfolio WARRENDALE, PA 29,38029.4k $4.4m $4.4m 0.11% Reduced -155 -155
48 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 27,70927.7k $4.1m $4.1m 0.00% New
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 27,35327.4k $4.1m $4.1m 0.00% Reduced -729 -729
50 FIRST WILSHIRE SECURITIES MANAGEMENT INC 0.90% of their portfolio PASADENA, CA 27,07627.1k $4.0m $4.0m 0.90% Added +460 +460
51 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 25,78125.8k $3.8m $3.8m 0.01% Added +12.7k +12,651
52 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 25,40625.4k $3.8m $3.8m 0.02% Added +17.7k +17,716
53 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 23,90423.9k $3.5m $3.5m 0.00% Added +16.8k +16,788
54 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 23,88823.9k $3.5m $3.5m 0.00% Added +919 +919
55 GW&K Investment Management, LLC 0.03% of their portfolio BOSTON, MA 23,74423.7k $3.5m $3.5m 0.03% Reduced -903 -903
56 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 19,10819.1k $2.8m $2.8m 0.00% Added +568 +568
57 Pullen Investment Management, LLC 1.38% of their portfolio BRADENTON, FL 18,54918.5k $2.8m $2.8m 1.38% Added +733 +733
58 Swiss National Bank 0.00% of their portfolio ZURICH, V8 18,48118.5k $2.7m $2.7m 0.00% Unchanged
59 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 17,34017.3k $2.6m $2.6m 0.00% Reduced -18.2k -18,170
60 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 17,15817.2k $2.5m $2.5m 0.00% Added +1.2k +1,165
61 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 17,15617.2k $2.5m $2.5m 0.00% Reduced -522 -522
62 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 16,85816.9k $2.5m $2.5m 0.00% Added +967 +967
63 Global Alpha Capital Management Ltd. 0.15% of their portfolio MONTREAL, A8 16,81016.8k $2.5m $2.5m 0.15% Reduced -97 -97
64 Matthew 25 Management Corp 0.78% of their portfolio AMBLER, PA 15,75015.8k $2.3m $2.3m 0.78% Reduced -1.2k -1,250
65 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 15,72415.7k $2.3m $2.3m 0.00% Added +189 +189
66 VELA Investment Management, LLC 0.60% of their portfolio NEW ALBANY, OH 15,69615.7k $2.3m $2.3m 0.60% Added +12.8k +12,838
67 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 15,51515.5k $2.3m $2.3m 0.00% Unchanged
68 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 15,45915.5k $2.3m $2.3m 0.02% New
69 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,08715.1k $2.2m $2.2m 0.00% Reduced -1.4k -1,397
70 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 15,04215.0k $2.2m $2.2m 0.00% Added +4.1k +4,101
71 Caption Management, LLC 0.09% of their portfolio OKLAHOMA CITY, OK 13,28913.3k $2.0m $2.0m 0.09% Added +3.3k +3,290
72 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 13,25113.3k $2.0m $2.0m 0.00% Added +862 +862
73 CARY STREET PARTNERS FINANCIAL LLC 0.05% of their portfolio RICHMOND, VA 12,56812.6k $1.9m $1.9m 0.05% Reduced -445 -445
74 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 11,90711.9k $1.8m $1.8m 0.00% Added +3.3k +3,275
75 Sequoia Financial Advisors, LLC 0.01% of their portfolio Akron, OH 11,85311.9k $1.8m $1.8m 0.01% Reduced -60 -60
76 WEDBUSH SECURITIES INC 0.05% of their portfolio PASADENA, CA 11,47911.5k $1.7m $1.7m 0.05% Added +1.2k +1,239
77 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 11,30811.3k $1.7m $1.7m 0.00% Added +1.6k +1,645
78 Cruiser Capital Advisors, LLC 0.86% of their portfolio Stamford, CT 10,98111.0k $1.6m $1.6m 0.86% Added +1.7k +1,732
79 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,53210.5k $1.6m $1.6m 0.00% Reduced -605 -605
80 GSA CAPITAL PARTNERS LLP 0.10% of their portfolio LONDON, X0 10,41310.4k $1.5m $1.5m 0.10% New
81 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 9,2059.2k $1.6m $1.6m 0.00% Added +302 +302
82 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 9,1409.1k $1.4m $1.4m 0.01% New
83 Legal & General Group Plc 0.00% of their portfolio London, X0 7,9728.0k $1.2m $1.2m 0.00% Reduced -1.8k -1,813
84 Applied Capital LLC/FL 0.86% of their portfolio HOLLYWOOD, FL 7,9447.9k $1.2m $1.2m 0.86% Added +488 +488
85 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 7,8117.8k $1.2m $1.2m 0.00% Reduced -2.0k -2,041
86 HUDSON EDGE INVESTMENT PARTNERS INC. 0.15% of their portfolio JERSEY CITY, NJ 7,0627.1k $1.0m $1.0m 0.15% Added +1.1k +1,062
87 Verdence Capital Advisors LLC 0.06% of their portfolio HUNT VALLEY, MD 7,0147.0k $1.0m $1.0m 0.06% New
88 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 6,6346.6k $984.2k $984.2k 0.00% First filing
89 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 6,5616.6k $973.3k $973.3k 0.00% New
90 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 6,3966.4k $948.8k $948.8k 0.00% Added +589 +589
91 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 6,2456.2k $926.4k $926.4k 0.00% First filing
92 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 5,5265.5k $814.1k $814.1k 0.00% New
93 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 5,3665.4k $796.0k $796.0k 0.00% Reduced -523 -523
94 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 5,3045.3k $786.8k $786.8k 0.00% Reduced -90 -90
95 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,2995.3k $786.1k $786.1k 0.00% Reduced -11.8k -11,818
96 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 5,1875.2k $769.5k $769.5k 0.00% Added +114 +114
97 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 5,0785.1k $753.3k $753.3k 0.00% Added +2.5k +2,499
98 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 4,9965.0k $741.2k $741.2k 0.00% Reduced -1.4k -1,386
99 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 4,9585.0k $736.0k $736.0k 0.00% Reduced -358 -358
100 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 4,9004.9k $726.9k $726.9k 0.00% Unchanged