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 ($10.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $199.22. Options: 5 managers hold calls ($9.1m notional), 6 hold puts ($6.5m).
Trends to Q2 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 |
| Q2 2026 | 255 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 146 | 89 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $7.1m | $15.4m | 2.18 |
| Q4 2025 | $3.9m | $15.5m | 4.01 |
| Q1 2026 | $3.7m | $8.4m | 2.25 |
| Q2 2026 | $9.1m | $6.5m | 0.71 |
Biggest buyers
| CAPTRUST FINANCIAL ADVISORS | Added | +61.2k |
| DIMENSIONAL FUND ADVISORS LP | Added | +54.5k |
| BlackRock, Inc. | Added | +46.2k |
| Nuveen, LLC | Added | +46.1k |
| HEARTLAND ADVISORS INC | New | +37.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +28.6k |
| AMERICAN CENTURY COMPANIES INC | Added | +25.8k |
| RENAISSANCE TECHNOLOGIES LLC | New | +24.0k |
| XTX Topco Ltd | Added | +20.2k |
| MORGAN STANLEY | Added | +19.3k |
Biggest sellers
| Qube Research & Technologies Ltd | Reduced | -58.6k |
| MARSHALL WACE, LLP | Reduced | -43.6k |
| Mountain Lake Investment Management LLC | Sold out | -42.8k |
| CITADEL ADVISORS LLC | Sold out | -42.7k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -27.7k |
| UBS Group AG | Reduced | -25.3k |
| GOLDMAN SACHS GROUP INC | Reduced | -24.7k |
| Empowered Funds, LLC | Reduced | -24.6k |
| Militia Capital Management LLC | Reduced | -24.0k |
| Invesco Ltd. | Reduced | -15.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $3.0m15.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.7m13.8k shares |
| D. E. Shaw & Co., Inc. | Reduced | $1.8m9.0k shares |
| IMC-Chicago, LLC | Added | $1.4m7.1k shares |
| PEAK6 LLC | Unchanged | $139.5k700 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $2.3m11.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.3m6.6k shares |
| PEAK6 LLC | Unchanged | $1.0m5.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $936.6k4.7k shares |
| IMC-Chicago, LLC | Added | $777.2k3.9k shares |
| SIMPLEX TRADING, LLC | New | $99.6k500 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 783.7k $156.2m | Added +46.2k |
| Thrivent Financial for Lutherans 0.15% of their portfolio | 452.3k $90.1m | Added +13.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 449.7k $89.6m | Added +54.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 396.6k $79.0m | Reduced -389 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 352.2k $70.2m | Added +28.6k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 349.1k $69.6m | Added +25.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 345.9k $68.9m | Reduced -5.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 327.9k $65.3m | Added +9.8k |
| CAPTRUST FINANCIAL ADVISORS 0.10% of their portfolio | 327.5k $65.3m | Added +61.2k |
| Boston Partners 0.05% of their portfolio | 290.6k $57.9m | Added +12.7k |
| Capital World Investors 0.01% of their portfolio | 283.5k $56.5m | Added +7.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 244.5k $48.7m | Added +14.9k |
| Copeland Capital Management, LLC 0.94% of their portfolio | 229.8k $45.8m | Reduced -6.8k |
| STATE STREET CORP 0.00% of their portfolio | 228.5k $45.5m | Added +14.9k |
| LOOMIS SAYLES & CO L P 0.06% of their portfolio | 225.4k $44.9m | Added +6.9k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 205.2k $40.9m | Reduced -9.5k |
| RICE HALL JAMES & ASSOCIATES, LLC 1.15% of their portfolio | 118.1k $23.5m | Added +3.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 117.4k $23.4m | Added +4.6k |
| WEYBOSSET RESEARCH & MANAGEMENT LLC 5.45% of their portfolio | 104.2k $20.8m | Added +460 |
| Invesco Ltd. 0.00% of their portfolio | 100.6k $20.1m | Reduced -15.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 81.5k $16.2m | Added +7.5k |
| Nuveen, LLC 0.00% of their portfolio | 76.5k $15.3m | Added +46.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 76.4k $15.2m | Added +7.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 75.0k $15.0m | Reduced -791 |
| Empowered Funds, LLC 0.08% of their portfolio | 71.7k $14.3m | Reduced -24.6k |
| MORGAN STANLEY 0.00% of their portfolio | 66.2k $13.2m | Added +19.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 64.3k $12.8m | Added +3.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 62.0k $12.4m | Reduced -24.7k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 59.4k $11.8m | Reduced -2.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 57.4k $11.4m | Reduced -10.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 42.7k $8.5m | Reduced -551 |
| Man Group plc 0.02% of their portfolio | 41.6k $8.3m | Added +4.5k |
| BARCLAYS PLC 0.00% of their portfolio | 41.6k $8.3m | Added +1.0k |
| HUNTINGTON BANCSHARES INC /MD/ 77.08% of their portfolio | 40.5k $7.9m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 39.3k $7.8m | Reduced -25.3k |
| ProShare Advisors LLC 0.01% of their portfolio | 38.0k $7.6m | Reduced -1.9k |
| HEARTLAND ADVISORS INC 0.33% of their portfolio | 37.7k $7.5m | New |
| Ballast Asset Management, LP 2.96% of their portfolio | 37.2k $7.4m | Reduced -366 |
| Empirical Finance, LLC 0.29% of their portfolio | 35.4k $7.1m | Reduced -6.2k |
| Barnett & Company, Inc. 5.14% of their portfolio | 34.8k $6.9m | Reduced -2.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 30.4k $6.1m | Reduced -10.0k |
| CSM Advisors, LLC 0.13% of their portfolio | 30.2k $6.0m | Added +865 |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 1.10% of their portfolio | 26.8k $5.3m | Reduced -256 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 25.5k $5.1m | Added +1.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 24.0k $4.8m | Reduced -11.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 24.0k $4.8m | New |
| XTX Topco Ltd 0.06% of their portfolio | 24.0k $4.8m | Added +20.2k |
| GW&K Investment Management, LLC 0.04% of their portfolio | 23.4k $4.7m | Reduced -305 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 21.3k $4.2m | Reduced -43.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 20.9k $4.2m | Added +3.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 20.9k $4.2m | Reduced -6.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 19.7k $3.9m | Added +14.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 19.5k $3.9m | Added +2.3k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 19.1k $3.8m | Added +42 |
| Pullen Investment Management, LLC 1.75% of their portfolio | 19.0k $3.8m | Added +445 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 18.7k $3.7m | Added +1.6k |
| Swiss National Bank 0.00% of their portfolio | 18.7k $3.7m | Added +200 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 18.5k $3.7m | Reduced -6.9k |
| Global Alpha Capital Management Ltd. 0.22% of their portfolio | 18.4k $3.7m | Added +1.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 16.9k $3.4m | Reduced -7.0k |
| VELA Investment Management, LLC 0.82% of their portfolio | 16.6k $3.3m | Added +952 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 16.6k $3.3m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 16.5k $3.3m | Added +812 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 16.4k $3.3m | Reduced -430 |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 16.3k $3.3m | Reduced -9.5k |
| Militia Capital Management LLC 0.58% of their portfolio | 16.0k $3.2m | Reduced -24.0k |
| LPL Financial LLC 0.00% of their portfolio | 15.7k $3.1m | Added +669 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 15.5k $3.1m | Reduced -25 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 14.3k $2.9m | Added +1.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 14.0k $2.8m | Reduced -1.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 13.6k $2.7m | Added +2.3k |
| Sequoia Financial Advisors, LLC 0.01% of their portfolio | 13.0k $2.6m | Added +1.2k |
| CARY STREET PARTNERS FINANCIAL LLC 0.05% of their portfolio | 12.3k $2.5m | Reduced -253 |
| WEDBUSH SECURITIES INC 0.06% of their portfolio | 11.6k $2.3m | Added +114 |
| DEAN INVESTMENT ASSOCIATES, LLC 0.30% of their portfolio | 11.4k $2.3m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 11.1k $1.6m | Added +1.9k |
| Matthew 25 Management Corp 0.63% of their portfolio | 11.0k $2.2m | Reduced -4.8k |
| Cruiser Capital Advisors, LLC 1.35% of their portfolio | 11.0k $2.2m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 10.6k $2.1m | Reduced -1.4k |
| HighTower Advisors, LLC 0.00% of their portfolio | 10.5k $2.1m | Reduced -81 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 9.7k $1.9m | Added +4.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 9.0k $1.8m | Reduced -58.6k |
| Jackson Creek Investment Advisors LLC 0.64% of their portfolio | 8.4k $1.9m | New |
| Dean Capital Management 0.60% of their portfolio | 8.3k $1.7m | New |
| Applied Capital LLC/FL 1.09% of their portfolio | 8.2k $1.6m | Added +277 |
| Legal & General Group Plc 0.00% of their portfolio | 7.9k $1.6m | Reduced -83 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 7.8k $1.6m | Added +1.2k |
| Verdence Capital Advisors LLC 0.07% of their portfolio | 6.8k $1.3m | Reduced -242 |
| M&T Bank Corp 0.00% of their portfolio | 6.7k $1.3m | Added +314 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 6.3k $1.3m | Reduced -354 |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 6.2k $1.2m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 5.8k $1.2m | Added +4.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 5.7k $1.1m | Added +130 |
| HUDSON EDGE INVESTMENT PARTNERS INC. 0.15% of their portfolio | 5.6k $1.1m | Reduced -1.4k |
| Quantinno Capital Management LP 0.00% of their portfolio | 5.6k $1.1m | Added +2.7k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 5.5k $1.1m | Added +305 |
| Cetera Investment Advisers 0.00% of their portfolio | 5.5k $1.1m | Added +96 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 5.3k $1.1m | Added +213 |
| DARK FOREST CAPITAL MANAGEMENT LP 0.07% of their portfolio | 5.1k $1.0m | Added +652 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 4.9k $974.8k | Reduced -412 |