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APG Asset Management N.V.

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$31.6B

Reporting period: 2026-03-31 · Number of holdings: 513

APG Asset Management N.V. disclosed 513 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $31.6B and a quarterly turnover rate of 21.4%.

Personality snowflake

Concentration
7.07
Portfolio Stability
21.42
Momentum/Contrarian
100
Sector conviction
59.31
Diversification
100
Sizing Uniformity
71.57

Recent moves

  • Trim NVDA

    -37.5%　-$1.2B

  • Trim AAPL

    -41.1%　-$1.0B

  • Trim MSFT

    -15.4%　-$937.5M

  • Add COST

    +13.1%　$163.9M

  • Add LLY

    +32.7%　$126.2M

  • Trim STE

    -92.3%　-$204.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1MSFTMicrosoft CORPStock-Tech5.76%-2.06%-15.45%
2NVDANvidia CORPStock-Tech5.67%-2.86%-37.53%
3AVGOBroadcom INCStock-Tech4.63%+0.25%+3.96%
4AMZNAmazon.com INCStock-Consumer Disc4.32%+0.21%+2.30%
5AAPLApple INCStock-Tech4.11%-2.46%-41.10%
6LLYEli Lilly & CoStock-Healthcare2.94%+0.67%+32.69%
7JPMJpmorgan Chase & CoStock-Financials2.72%+0.47%+16.49%
8COSTCostco Wholesale CORPStock-Consumer Staples2.08%+0.68%+13.10%
9MAMastercard INC - AStock-Financials1.95%+0.13%+7.48%
10TJXTjx Companies INCStock-Consumer Disc1.32%+0.33%+12.57%
11TMOThermo Fisher Scientific INCStock-Healthcare1.26%-0.01%+2.78%
12BRK-BBerkshire Hathaway Inc-cl BStock-Other1.14%+0.25%+17.31%
13CDNSCadence Design Sys INCStock-Tech1.09%+0.04%+2.10%
14FERGFerguson Enterprises INCStock-Industrials1.04%—-11.55%
15VVisa Inc-class A SharesStock-Financials1.02%—+14.72%
16WMTWalmart INCStock-Consumer Staples0.97%+0.34%+20.96%
17SYKStryker CORPStock-Healthcare0.96%+0.17%+14.35%
18PGRProgressive CORPStock-Financials0.92%+0.02%+3.12%
19ISRGIntuitive Surgical INCStock-Healthcare0.90%-0.04%+3.25%
20TYLTyler Technologies INCStock-Tech0.89%+0.16%+42.34%
21WSTWest Pharmaceutical ServicesStock-Healthcare0.87%—+5.69%
22FITBFifth Third BancorpStock-Financials0.86%—+2.20%
23ANETArista Networks INCStock-Tech0.86%—-0.79%
24MCOMoody's CORPStock-Financials0.82%—+20.23%
25ABBVAbbvie INCStock-Healthcare0.75%—+10.37%
26NFLXNetflix INCStock-Comm Services0.73%+0.16%+9.38%
27AJGArthur J Gallagher & CoStock-Financials0.70%-0.04%-0.45%
28MUMicron Technology INCStock-Tech0.70%+0.25%+15.08%
29CBRECbre Group INC - AStock-Real Estate0.69%—+15.82%
30JKHYJack Henry & Associates INCStock-Tech0.68%-0.01%-0.02%
31MSAMsa Safety INCStock-Industrials0.68%——
32PGProcter & Gamble Co/theStock-Consumer Staples0.67%—+7.58%
33IRIngersoll-rand INCStock-Industrials0.67%—-0.10%
34HDHome Depot INCStock-Consumer Disc0.66%—+9.65%
35LPLALpl Financial Holdings INCStock-Financials0.64%—+3.90%
36ROLRollins INCStock-Consumer Disc0.63%-0.13%-19.01%
37TSCOTractor Supply CompanyStock-Consumer Disc0.59%—+15.13%
38BACBank Of America CORPStock-Financials0.58%—+5.20%
39GEGeneral ElectricStock-Industrials0.58%—+6.16%
40CSCOCisco Systems INCStock-Tech0.57%+0.15%+19.53%
41MRKMerck & Co. INC.Stock-Healthcare0.57%+0.14%+3.34%
42AMDAdvanced Micro DevicesStock-Tech0.53%—+2.56%
43KOCoca-cola Co/theStock-Consumer Staples0.52%+0.13%+7.73%
44LINLinde plcStock-Materials0.50%+0.13%+0.60%
45LRCXLam Research CORPStock-Tech0.49%+0.18%+12.89%
46AMATApplied Materials INCStock-Tech0.48%+0.20%+14.76%
47ORCLOracle CORPStock-Tech0.42%-0.08%-1.72%
48UNHUnitedhealth Group INCStock-Healthcare0.42%—+2.30%
49PEPPepsico INCStock-Consumer Staples0.42%—+2.73%
50GSGoldman Sachs Group INCStock-Financials0.42%—+3.81%
1–50 of 513

Holding changes this quarter

APG Asset Management N.V.'s most significant position changes for 2026-03-31: Sold out: Pdd Holdings INC (PDD); Sold out: Nu Holdings Ltd. (NU); Trim: Nvidia CORP (NVDA) — shares -37.53%; Trim: Apple INC (AAPL) — shares -41.10%; Trim: Microsoft CORP (MSFT) — shares -15.45%.

Position changes disclosed by APG Asset Management N.V. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1COSTCostco Wholesale CORP+0.7%+13.10%Add
2LLYEli Lilly & Co+0.7%+32.69%Add
3JPMJpmorgan Chase & Co+0.5%+16.49%Add
4WMTWalmart INC+0.3%+20.96%Add
5TJXTjx Companies INC+0.3%+12.57%Add
6AVGOBroadcom INC+0.3%+3.96%Add
7MUMicron Technology INC+0.3%+15.08%Add
8BRK-BBerkshire Hathaway Inc-cl B+0.3%+17.31%Add
9AMZNAmazon.com INC+0.2%+2.30%Add
10AMATApplied Materials INC+0.2%+14.76%Add
11LRCXLam Research CORP+0.2%+12.89%Add
12SYKStryker CORP+0.2%+14.35%Add
13NFLXNetflix INC+0.2%+9.38%Add
14TYLTyler Technologies INC+0.2%+42.34%Add
15CSCOCisco Systems INC+0.2%+19.53%Add
16INTCIntel CORP+0.1%+20.37%Add
17MRKMerck & Co. INC.+0.1%+3.34%Add
18KLACKla CORP+0.1%+12.03%Add
19KOCoca-cola Co/the+0.1%+7.73%Add
20MAMastercard INC - A+0.1%+7.48%Add
21LINLinde plc+0.1%+0.60%Add
22GLWCorning INC+0.1%-8.75%Trim
23VZVerizon Communications INC+0.1%-2.93%Trim
24CDNSCadence Design Sys INC0%+2.10%Add
25PGRProgressive CORP0%+3.12%Add
26LPLALpl Financial Holdings INC—+3.90%Add
27TMOThermo Fisher Scientific INC0%+2.78%Add
28JKHYJack Henry & Associates INC0%-0.02%Trim
29ISRGIntuitive Surgical INC0%+3.25%Add
30AJGArthur J Gallagher & Co0%-0.45%Trim
31SHOPShopify INC - Class A0%+1.83%Add
32NOWServicenow INC-0.1%-0.69%Trim
33ACNAccenture plc-0.1%-5.13%Trim
34QCOMQualcomm INC-0.1%-6.44%Trim
35ADBEAdobe INC-0.1%-8.91%Trim
36CRMSalesforce INC-0.1%+1.28%Add
37ORCLOracle CORP-0.1%-1.72%Trim
38APHAmphenol Corp-cl A-0.1%-21.49%Trim
39INTUIntuit INC-0.1%-1.21%Trim
40BSXBoston Scientific CORP-0.1%-9.41%Trim
41APPApplovin Corp-class A-0.1%+1.04%Add
42ROLRollins INC-0.1%-19.01%Trim
43BRBroadridge Financial Solutio-0.1%-12.30%Trim
44ZBRAZebra Technologies Corp-cl A-0.2%-37.64%Trim
45STESTERIS plc-0.6%-92.34%Trim
46MSFTMicrosoft CORP-2.1%-15.45%Trim
47AAPLApple INC-2.5%-41.10%Trim
48NVDANvidia CORP-2.9%-37.53%Trim
49PDDPdd Holdings INC—EXITSold out
50NUNu Holdings Ltd.—EXITSold out

FAQ

What is APG Asset Management N.V. and what type of investor is it?
APG Asset Management N.V. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $31.6B, spread across 513 disclosed positions.
What are APG Asset Management N.V.'s largest equity positions?
Based on the latest 13F filing, APG Asset Management N.V.'s top holdings by market value are: 1. Microsoft CORP (MSFT) — $1.8B (5.8%) 2. Nvidia CORP (NVDA) — $1.8B (5.7%) 3. Broadcom INC (AVGO) — $1.5B (4.6%) 4. Amazon.com INC (AMZN) — $1.4B (4.3%) 5. Apple INC (AAPL) — $1.3B (4.1%)
What changes did APG Asset Management N.V. make in its most recent portfolio filing?
In the latest reported quarter, APG Asset Management N.V. made 50 notable position adjustments: 0 new positions were initiated, 29 existing holdings were added to, 19 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Pdd Holdings INC (PDD); Sold out: Nu Holdings Ltd. (NU); Trim: Nvidia CORP (NVDA) — shares -37.53%; Trim: Apple INC (AAPL) — shares -41.10%; Trim: Microsoft CORP (MSFT) — shares -15.45%
What sectors does APG Asset Management N.V. focus on?
APG Asset Management N.V. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 35.1% • Financials: 18.6% • Health Care: 13.5% • Consumer Discretionary: 10.1% • Industrials: 7.6% • Consumer Staples: 5.8%