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 ($7.6m 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
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 |
| Q2 2025 | 256 |
| Q3 2025 | 241 |
| Q4 2025 | 235 |
| Q1 2026 | 232 |
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 2024 | 100 | 109 |
| Q3 2024 | 114 | 91 |
| Q4 2024 | 103 | 105 |
| Q1 2025 | 115 | 103 |
| Q2 2025 | 117 | 103 |
| Q3 2025 | 119 | 119 |
| Q4 2025 | 96 | 120 |
| Q1 2026 | 111 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $7.8m | $11.4m | 1.47 |
| Q3 2025 | $7.1m | $15.4m | 2.18 |
| Q4 2025 | $3.9m | $15.5m | 4.01 |
| Q1 2026 | $3.7m | $8.4m | 2.25 |
Biggest buyers
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +215.9k |
| Invesco Ltd. | Added | +101.1k |
| Empowered Funds, LLC | New | +96.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +55.1k |
| Mountain Lake Investment Management LLC | New | +42.8k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +39.7k |
| CITADEL ADVISORS LLC | Added | +34.2k |
| MILLENNIUM MANAGEMENT LLC | New | +27.7k |
| BlackRock, Inc. | Added | +23.9k |
| DIMENSIONAL FUND ADVISORS LP | Added | +23.2k |
Biggest sellers
| FMR LLC | Reduced | -342.0k |
| CAPTRUST FINANCIAL ADVISORS | Reduced | -92.6k |
| Boston Partners | Reduced | -67.7k |
| FIRST SABREPOINT CAPITAL MANAGEMENT LP | Sold out | -44.5k |
| MORGAN STANLEY | Reduced | -21.0k |
| D. E. Shaw & Co., Inc. | Reduced | -18.2k |
| BESSEMER GROUP INC | Reduced | -17.2k |
| Ancora Advisors LLC | Reduced | -15.9k |
| JANE STREET GROUP, LLC | Reduced | -11.8k |
| Jefferies Financial Group Inc. | Sold out | -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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2025 | 0 | — | 3 | $1.8m | — |
| Q3 2025 | 0 | — | 3 | $1.2m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 737.5k $109.4m | Added +23.9k |
| Thrivent Financial for Lutherans 0.12% of their portfolio | 439.1k $65.1m | Added +2.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 397.0k $58.9m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 395.3k $58.6m | Added +23.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 351.3k $52.1m | Added +39.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 323.6k $48.0m | Added +215.9k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 323.4k $48.0m | Added +23.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 318.1k $47.2m | Added +55.1k |
| Boston Partners 0.04% of their portfolio | 277.9k $41.3m | Reduced -67.7k |
| Capital World Investors 0.01% of their portfolio | 275.8k $40.9m | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.07% of their portfolio | 266.3k $39.5m | Reduced -92.6k |
| Copeland Capital Management, LLC 0.78% of their portfolio | 236.6k $35.1m | Reduced -4.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 229.6k $34.1m | Added +8.5k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 218.5k $32.4m | Reduced -6.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 214.7k $31.5m | Reduced -9.0k |
| STATE STREET CORP 0.00% of their portfolio | 213.5k $31.7m | Added +4.3k |
| Invesco Ltd. 0.00% of their portfolio | 116.4k $17.3m | Added +101.1k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.95% of their portfolio | 114.7k $17.0m | Added +2.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 112.9k $16.7m | Reduced -3.6k |
| WEYBOSSET RESEARCH & MANAGEMENT LLC 4.44% of their portfolio | 103.7k $15.4m | Reduced -392 |
| Empowered Funds, LLC 0.09% of their portfolio | 96.3k $14.3m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 86.7k $12.9m | Reduced -551 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 75.8k $11.2m | Added +10.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 74.0k $11.0m | First filing |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 68.6k $10.2m | Added +1.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 68.3k $10.1m | Reduced -2.9k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 67.6k $10.0m | Added +19.9k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 64.9k $9.6m | Added +19.3k |
| UBS Group AG 0.00% of their portfolio | 64.7k $9.6m | Added +18.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 61.9k $9.2m | First filing |
| Bank of New York Mellon Corp 0.00% of their portfolio | 60.4k $9.0m | Added +478 |
| MORGAN STANLEY 0.00% of their portfolio | 46.9k $7.0m | Reduced -21.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 43.2k $6.4m | Reduced -5.4k |
| Mountain Lake Investment Management LLC 4.11% of their portfolio | 42.8k $6.4m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 42.7k $6.3m | Added +34.2k |
| Empirical Finance, LLC 0.29% of their portfolio | 41.6k $6.2m | Added +19.2k |
| BARCLAYS PLC 0.00% of their portfolio | 40.6k $6.0m | Reduced -1.1k |
| HUNTINGTON BANCSHARES INC /MD/ 75.16% of their portfolio | 40.5k $584.0k | First filing |
| SEI INVESTMENTS CO 0.01% of their portfolio | 40.5k $6.0m | Added +13.1k |
| Militia Capital Management LLC 0.45% of their portfolio | 40.0k $5.9m | First filing |
| ProShare Advisors LLC 0.01% of their portfolio | 39.8k $5.9m | Added +4.5k |
| Ballast Asset Management, LP 2.48% of their portfolio | 37.6k $5.6m | Added +2.6k |
| Barnett & Company, Inc. 4.29% of their portfolio | 37.2k $5.5m | Reduced -658 |
| Man Group plc 0.01% of their portfolio | 37.1k $5.5m | Reduced -6.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 35.7k $5.3m | Added +19.7k |
| Nuveen, LLC 0.00% of their portfolio | 30.5k $4.5m | Reduced -424 |
| CSM Advisors, LLC 0.11% of their portfolio | 29.4k $4.4m | Reduced -155 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 27.7k $4.1m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 27.4k $4.1m | Reduced -729 |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 0.90% of their portfolio | 27.1k $4.0m | Added +460 |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 25.8k $3.8m | Added +12.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 25.4k $3.8m | Added +17.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 23.9k $3.5m | Added +16.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 23.9k $3.5m | Added +919 |
| GW&K Investment Management, LLC 0.03% of their portfolio | 23.7k $3.5m | Reduced -903 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 19.1k $2.8m | Added +568 |
| Pullen Investment Management, LLC 1.38% of their portfolio | 18.5k $2.8m | Added +733 |
| Swiss National Bank 0.00% of their portfolio | 18.5k $2.7m | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 17.3k $2.6m | Reduced -18.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 17.2k $2.5m | Added +1.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 17.2k $2.5m | Reduced -522 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 16.9k $2.5m | Added +967 |
| Global Alpha Capital Management Ltd. 0.15% of their portfolio | 16.8k $2.5m | Reduced -97 |
| Matthew 25 Management Corp 0.78% of their portfolio | 15.8k $2.3m | Reduced -1.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 15.7k $2.3m | Added +189 |
| VELA Investment Management, LLC 0.60% of their portfolio | 15.7k $2.3m | Added +12.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 15.5k $2.3m | Unchanged |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 15.5k $2.3m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 15.1k $2.2m | Reduced -1.4k |
| LPL Financial LLC 0.00% of their portfolio | 15.0k $2.2m | Added +4.1k |
| Caption Management, LLC 0.09% of their portfolio | 13.3k $2.0m | Added +3.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 13.3k $2.0m | Added +862 |
| CARY STREET PARTNERS FINANCIAL LLC 0.05% of their portfolio | 12.6k $1.9m | Reduced -445 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 11.9k $1.8m | Added +3.3k |
| Sequoia Financial Advisors, LLC 0.01% of their portfolio | 11.9k $1.8m | Reduced -60 |
| WEDBUSH SECURITIES INC 0.05% of their portfolio | 11.5k $1.7m | Added +1.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 11.3k $1.7m | Added +1.6k |
| Cruiser Capital Advisors, LLC 0.86% of their portfolio | 11.0k $1.6m | Added +1.7k |
| HighTower Advisors, LLC 0.00% of their portfolio | 10.5k $1.6m | Reduced -605 |
| GSA CAPITAL PARTNERS LLP 0.10% of their portfolio | 10.4k $1.5m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 9.2k $1.6m | Added +302 |
| Trexquant Investment LP 0.01% of their portfolio | 9.1k $1.4m | New |
| Legal & General Group Plc 0.00% of their portfolio | 8.0k $1.2m | Reduced -1.8k |
| Applied Capital LLC/FL 0.86% of their portfolio | 7.9k $1.2m | Added +488 |
| SG Americas Securities, LLC 0.00% of their portfolio | 7.8k $1.2m | Reduced -2.0k |
| HUDSON EDGE INVESTMENT PARTNERS INC. 0.15% of their portfolio | 7.1k $1.0m | Added +1.1k |
| Verdence Capital Advisors LLC 0.06% of their portfolio | 7.0k $1.0m | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 6.6k $984.2k | First filing |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 6.6k $973.3k | New |
| M&T Bank Corp 0.00% of their portfolio | 6.4k $948.8k | Added +589 |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 6.2k $926.4k | First filing |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 5.5k $814.1k | New |
| Cetera Investment Advisers 0.00% of their portfolio | 5.4k $796.0k | Reduced -523 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 5.3k $786.8k | Reduced -90 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 5.3k $786.1k | Reduced -11.8k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 5.2k $769.5k | Added +114 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 5.1k $753.3k | Added +2.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.0k $741.2k | Reduced -1.4k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 5.0k $736.0k | Reduced -358 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 4.9k $726.9k | Unchanged |