CIK: 0001418773
Total reported value
$70.2B
Reporting period: 2026-03-31 · Number of holdings: 842
Robeco Institutional Asset Management B.V. disclosed 842 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $70.2B and a quarterly turnover rate of 26.9%.
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Robeco Institutional Asset Management B.V.'s disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 72 equally-sized positions, well below its 842 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.27), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 59% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim MSFT
-8.1% -$1.1B
Trim CRM
-71.8% -$374.6M
Add SLB
+2098.1% $368.3M
Trim AMZN
-7.7% -$353.4M
Trim JPM
-20.4% -$332.6M
Add VRT
+72.6% $322.5M
Robeco is rotating capital out of mega-cap tech momentum—slashing MSFT, AMZN, META, and CRM—and funneling those proceeds into energy and infrastructure plays like SLB, LNG, and VRT. This is not a defensive retreat but an aggressive hunt for the next phase of the cycle, doubling down on AI-powered data center build-out and commodity exposure while trimming the very names that carried the prior rally.
Robeco is pricing in a regime shift where earnings leadership transfers from Big Tech software platforms to the physical infrastructure underpinning AI—data centers, natural gas, and energy services. They are betting that the capex cycle and power demand create a sustained re-rating in industrials and energy, while megacap multiples compress as growth decelerates. The opposing thesis is that this is a classic rotation into late-cycle value traps, and that tech's pricing power and margins remain unassailable, leaving Robeco exposed to whipsaw if the AI narrative stays centered on compute providers.
With 842 holdings and a momentum tilt that scores a perfect 100, Robeco is effectively running a consensus momentum strategy at scale. The structural vulnerability is not sector overexposure but factor crowding: when momentum turns, liquidity will vanish from the thousand-plus names simultaneously, and the portfolio’s dispersion—coefficient of variation at 3.27—means a handful of large trims (MSFT, AMZN) are subsidizing dozens of nascent positions too small to matter. The real risk is a reflexivity bust in factor ETFs that have become the vehicle for this exact rotation.
Compiled by AI from public 13F filings; reflects historical positioning only and carries no investment recommendation.
Showing top 200 holdings (of 842 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.52% | — | +5.24% | |
| 2 | AAPL | Apple INC | Stock-Tech | 5.18% | — | +7.66% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.86% | -1.62% | -8.09% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.73% | -0.37% | -1.14% | |
| 5 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.50% | -0.50% | -7.75% | |
| 6 | AVGO | Broadcom INC | Stock-Tech | 1.73% | — | +11.60% | |
| 7 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.35% | -0.45% | -13.55% | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.30% | — | +10.86% | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.26% | -0.47% | -20.40% | |
| 10 | ABBV | Abbvie INC | Stock-Healthcare | 1.01% | — | +1.25% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.86% | -0.25% | -10.09% | |
| 12 | AMAT | Applied Materials INC | Stock-Tech | 0.86% | +0.32% | +19.22% | |
| 13 | PBR-A | Petroleo Brasil-sp Pref Adr | Stock-Other | 0.83% | +0.39% | +13.84% | |
| 14 | TSLA | Tesla INC | Stock-Consumer Disc | 0.83% | — | +7.85% | |
| 15 | MA | Mastercard INC - A | Stock-Financials | 0.78% | — | +7.04% | |
| 16 | INFY | Infosys Ltd-sp Adr | Stock-Tech | 0.74% | -0.13% | +12.21% | |
| 17 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.74% | +0.46% | +72.61% | |
| 18 | IBN | Icici Bank Ltd-spon Adr | Stock-Financials | 0.73% | — | +6.20% | |
| 19 | CSCO | Cisco Systems INC | Stock-Tech | 0.71% | — | +11.62% | |
| 20 | LNG | Cheniere Energy INC | Stock-Energy | 0.71% | +0.40% | +57.90% | |
| 21 | ANET | Arista Networks INC | Stock-Tech | 0.68% | — | +7.08% | |
| 22 | V | Visa Inc-class A Shares | Stock-Financials | 0.68% | -0.32% | -20.47% | |
| 23 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.67% | — | -9.18% | |
| 24 | ITUB | Itau Unibanco H-spon Prf Adr | Stock-Financials | 0.65% | — | -6.64% | |
| 25 | KLAC | Kla CORP | Stock-Tech | 0.64% | — | +1.83% | |
| 26 | LRCX | Lam Research CORP | Stock-Tech | 0.63% | — | -4.68% | |
| 27 | VALE | Vale Sa-sp Adr | Stock-Materials | 0.63% | +0.23% | +32.45% | |
| 28 | NEM | Newmont CORP | Stock-Materials | 0.61% | — | -21.41% | |
| 29 | ADI | Analog Devices INC | Stock-Tech | 0.60% | — | +1.85% | |
| 30 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.60% | +0.13% | +8.87% | |
| 31 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.58% | — | +0.43% | |
| 32 | MCK | Mckesson CORP | Stock-Healthcare | 0.57% | — | +5.93% | |
| 33 | GEV | GE Vernova INC | Stock-Industrials | 0.56% | — | -3.41% | |
| 34 | TEL | TE Connectivity plc | Stock-Tech | 0.55% | — | +21.42% | |
| 35 | SLB | Slb LTD | Stock-Energy | 0.54% | +0.52% | +2098.13% | |
| 36 | T | At&t INC | Stock-Comm Services | 0.54% | — | -4.96% | |
| 37 | DG | Dollar General CORP | Stock-Consumer Staples | 0.54% | +0.22% | +86.04% | |
| 38 | WMT | Walmart INC | Stock-Consumer Staples | 0.53% | — | +0.28% | |
| 39 | CBRE | Cbre Group INC - A | Stock-Real Estate | 0.52% | — | +9.30% | |
| 40 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.51% | — | +22.39% | |
| 41 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 0.50% | +0.32% | +175.59% | |
| 42 | C | Citigroup INC | Stock-Financials | 0.49% | — | +3.87% | |
| 43 | MU | Micron Technology INC | Stock-Tech | 0.47% | +0.19% | +39.59% | |
| 44 | JBL | Jabil INC | Stock-Tech | 0.45% | — | -4.86% | |
| 45 | PFE | Pfizer INC | Stock-Healthcare | 0.45% | — | +12.84% | |
| 46 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.44% | -0.24% | -23.16% | |
| 47 | HDB | Hdfc Bank Ltd-adr | Stock-Financials | 0.44% | -0.20% | +1.05% | |
| 48 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.44% | — | -25.98% | |
| 49 | XOM | Exxon Mobil CORP | Stock-Energy | 0.43% | +0.17% | +17.96% | |
| 50 | NFLX | Netflix INC | Stock-Comm Services | 0.42% | — | +26.34% |
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+19%
Based on 77% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 842 | $70.2B | 27 | |
| 2025-12-31 | 824 | $70.2B | 24 | |
| 2025-09-30 | 857 | $69.0B | 46 | |
| 2025-06-30 | 860 | $61.8B | 0 | |
| 2025-03-31 | 899 | $51.5B | 100 | |
| 2024-12-31 | 897 | $52.8B | 0 | |
| 2024-09-30 | 904 | $50.3B | 0 | |
| 2024-06-30 | 915 | $46.5B | 0 | |
| 2024-03-31 | 926 | $46.0B | 0 | |
| 2023-12-31 | 1095 | $41.2B | 0 | |
| 2023-09-30 | 1014 | $37.4B | 0 | |
| 2023-06-30 | 1038 | $38.1B | 0 | |
| 2023-03-31 | 1044 | $36.7B | 0 | |
| 2022-12-31 | 938 | $34.7B | 0 | |
| 2022-09-30 | 936 | $30.9B | 0 | |
| 2022-06-30 | 925 | $32.2B | 0 | |
| 2022-03-31 | 924 | $42.5B | 0 | |
| 2021-12-31 | 915 | $47.0B | 0 | |
| 2021-09-30 | 917 | $45.1B | 0 | |
| 2021-06-30 | 948 | $45.1B | 0 | |
| 2021-03-31 | 946 | $40.6B | 0 | |
| 2020-12-31 | 932 | $38.1B | 0 | |
| 2020-09-30 | 922 | $32.4B | 25 | |
| 2020-06-30 | 967 | $29.4B | 38 | |
| 2020-03-31 | 979 | $24.9B | 33 | |
| 2019-12-31 | 969 | $31.2B | 23 | |
| 2019-09-30 | 964 | $28.3B | 22 | |
| 2019-06-30 | 960 | $28.3B | 23 | |
| 2019-03-31 | 950 | $27.2B | 32 | |
| 2018-12-31 | 965 | $22.3B | 27 | |
| 2018-09-30 | 973 | $25.2B | 26 | |
| 2018-06-30 | 959 | $22.0B | 22 | |
| 2018-03-31 | 943 | $21.3B | 26 | |
| 2017-12-31 | 898 | $19.3B | 32 | |
| 2017-09-30 | 842 | $16.1B | 21 | |
| 2017-06-30 | 862 | $15.5B | 24 | |
| 2017-03-31 | 848 | $15.0B | 33 | |
| 2016-12-31 | 794 | $12.8B | 32 | |
| 2016-09-30 | 780 | $13.5B | 22 | |
| 2016-06-30 | 759 | $13.2B | 23 | |
| 2016-03-31 | 785 | $12.5B | 27 | |
| 2015-12-31 | 775 | $11.7B | 47 | |
| 2015-09-30 | 767 | $13.1B | 25 | |
| 2015-06-30 | 771 | $13.2B | 22 | |
| 2015-03-31 | 752 | $13.3B | 25 | |
| 2014-12-31 | 765 | $13.9B | 28 | |
| 2014-09-30 | 785 | $14.0B | 19 | |
| 2014-06-30 | 781 | $14.0B | 28 | |
| 2014-03-31 | 764 | $13.0B | 27 | |
| 2013-12-31 | 717 | $12.0B | 26 | |
| 2013-09-30 | 692 | $10.3B | 22 | |
| 2013-06-30 | 680 | $9.9B | 0 |
Robeco Institutional Asset Management B.V.'s most significant position changes for 2026-03-31: Trim: Microsoft CORP (MSFT) — shares -8.09%; Trim: Salesforce INC (CRM) — shares -71.83%; Add: Slb LTD (SLB) — shares +2098.13%; Trim: Amazon.com INC (AMZN) — shares -7.75%; Trim: Jpmorgan Chase & Co (JPM) — shares -20.40%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SLB | Slb LTD | +0.5% | +2098.13% | Add |
| 2 | VRT | Vertiv Holdings Co-a | +0.5% | +72.61% | Add |
| 3 | LNG | Cheniere Energy INC | +0.4% | +57.90% | Add |
| 4 | PBR-A | Petroleo Brasil-sp Pref Adr | +0.4% | +13.84% | Add |
| 5 | AMAT | Applied Materials INC | +0.3% | +19.22% | Add |
| 6 | LOW | Lowe's Cos INC | +0.3% | +175.59% | Add |
| 7 | VALE | Vale Sa-sp Adr | +0.2% | +32.45% | Add |
| 8 | BAH | Booz Allen Hamilton Holdings | +0.2% | +23795.03% | Add |
| 9 | DG | Dollar General CORP | +0.2% | +86.04% | Add |
| 10 | KO | Coca-cola Co/the | +0.2% | +194.93% | Add |
| 11 | MAR | Marriott International -cl A | +0.2% | +6843.13% | Add |
| 12 | MU | Micron Technology INC | +0.2% | +39.59% | Add |
| 13 | XOM | Exxon Mobil CORP | +0.2% | +17.96% | Add |
| 14 | NTRS | Northern Trust CORP | +0.2% | +127.69% | Add |
| 15 | CL | Colgate-palmolive Co | +0.2% | +81.74% | Add |
| 16 | TAL | Tal Education Group- Adr | +0.2% | +1210.16% | Add |
| 17 | FTV | Fortive CORP | +0.2% | +230.82% | Add |
| 18 | SNPS | Synopsys INC | +0.2% | +169.37% | Add |
| 19 | ROST | Ross Stores INC | +0.1% | +391.81% | Add |
| 20 | JNJ | Johnson & Johnson | +0.1% | +8.87% | Add |
| 21 | HAL | Halliburton Co | +0.1% | +193.65% | Add |
| 22 | CIEN | Ciena CORP | +0.1% | +413.57% | Add |
| 23 | PBR | Petroleo Brasileiro-spon Adr | +0.1% | +30.24% | Add |
| 24 | QCOM | Qualcomm INC | -0.1% | -8.44% | Trim |
| 25 | SE | Sea Ltd-adr | -0.1% | -78.54% | Trim |
| 26 | ✓ | On Hldg AG | -0.1% | -98.47% | Trim |
| 27 | INFY | Infosys Ltd-sp Adr | -0.1% | +12.21% | Add |
| 28 | WDAY | Workday Inc-class A | -0.1% | -74.23% | Trim |
| 29 | CVS | Cvs Health CORP | -0.1% | -29.63% | Trim |
| 30 | STLD | Steel Dynamics INC | -0.2% | -40.38% | Trim |
| 31 | DASH | Doordash INC - A | -0.2% | -80.67% | Trim |
| 32 | BAC | Bank Of America CORP | -0.2% | -22.43% | Trim |
| 33 | UBER | Uber Technologies INC | -0.2% | -21.17% | Trim |
| 34 | AZO | Autozone INC | -0.2% | -97.59% | Trim |
| 35 | HDB | Hdfc Bank Ltd-adr | -0.2% | +1.05% | Add |
| 36 | MELI | Mercadolibre INC | -0.2% | -53.15% | Trim |
| 37 | TMO | Thermo Fisher Scientific INC | -0.2% | -23.16% | Trim |
| 38 | LLY | Eli Lilly & Co | -0.3% | -10.09% | Trim |
| 39 | PYPL | Paypal Holdings INC | -0.3% | -75.60% | Trim |
| 40 | TT | Trane Technologies plc | -0.3% | -52.63% | Trim |
| 41 | V | Visa Inc-class A Shares | -0.3% | -20.47% | Trim |
| 42 | BKNG | Booking Holdings INC | -0.4% | -38.46% | Trim |
| 43 | GOOGL | Alphabet Inc-cl A | -0.4% | -1.14% | Trim |
| 44 | SPGI | S&p Global INC | -0.4% | -68.60% | Trim |
| 45 | BSX | Boston Scientific CORP | -0.4% | -96.48% | Trim |
| 46 | META | Meta Platforms Inc-class A | -0.5% | -13.55% | Trim |
| 47 | JPM | Jpmorgan Chase & Co | -0.5% | -20.40% | Trim |
| 48 | AMZN | Amazon.com INC | -0.5% | -7.75% | Trim |
| 49 | CRM | Salesforce INC | -0.5% | -71.83% | Trim |
| 50 | MSFT | Microsoft CORP | -1.6% | -8.09% | Trim |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-21 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-23 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-22 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-18 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-23 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-23 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-29 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-23 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-24 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | Amendment | View on EDGAR |
| 2023-12-31 | 2024-02-08 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-24 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-24 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-04 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-07 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-12-01 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-10-27 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-12-01 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-07-27 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-12-01 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-04-26 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-12-01 | Amendment | View on EDGAR |
| 2021-12-31 | 2022-01-31 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2022-12-01 | Amendment | View on EDGAR |
| 2021-09-30 | 2021-10-20 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2022-12-01 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-07-28 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2022-12-01 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-04-23 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2022-12-01 | Amendment | View on EDGAR |
| 2020-12-31 | 2021-01-28 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2021-01-19 | Amendment | View on EDGAR |
| 2020-09-30 | 2020-10-29 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2021-01-19 | Amendment | View on EDGAR |
| 2020-06-30 | 2020-07-20 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2021-01-19 | Amendment | View on EDGAR |
| 2020-03-31 | 2020-04-30 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2021-01-19 | Amendment | View on EDGAR |
| 2019-12-31 | 2020-02-06 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2021-01-19 | Amendment | View on EDGAR |
| 2019-09-30 | 2019-10-17 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2021-01-19 | Amendment | View on EDGAR |
| 2019-06-30 | 2019-07-19 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2021-01-19 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-05-02 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2021-01-19 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-02-08 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2021-01-19 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-10-31 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-10-25 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2021-01-19 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-08-13 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-08-03 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2021-01-19 | Amendment | View on EDGAR |
| 2018-03-31 | 2018-05-07 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2021-01-19 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-14 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-01-25 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2021-01-19 | Amendment | View on EDGAR |
| 2017-09-30 | 2017-10-17 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2021-01-19 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-08-08 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2021-01-19 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-09 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-07 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-22 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-08 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-12 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-17 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-24 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-12 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-10 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-07 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-04 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-12 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-27 | 13F-HR | View on EDGAR |
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