APG Asset Management US Inc.

CIK

1323255

Location

New York, NY

Portfolio Value

Large $12,353,674,430

Diversification

Diversified

Filing Date

Global Rank

#263 / 8,232 ▲ 38

Top Industry

REIT - Industrial 30.1%

3Y Alpha vs SPY

-11.3%

Period ended 2 months ago

Filed May 13, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+31.4%

SPY

+76.5%

Annualised alpha

-11.3%

Max drawdown

−20.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

56 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

20.6%

−0.4 pts

Top 5

55.4%

+1.7 pts

Top 10

73.7%

−0.5 pts

HHI

869

Diversified+20

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Real Estate	100.0%	$12,353,674,430	56

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
KIM	Kimco Realty Corp	+2,147,042	14,795,116	$332,446,256
COLD	Americold Realty Trust	+684,581	12,824,285	$146,966,306
REG	Regency Centers Corp	+580,399	2,604,387	$197,047,920
KRC	Kilroy Realty Corp	+405,155	4,692,783	$132,383,408
OHI	Omega Healthcare Investors Inc	+381,961	726,429	$31,832,118
ARE	Alexandria Real Estate Equities, Inc.	+288,205	6,981,310	$324,072,410
AVB	Avalonbay Communities Inc	+280,969	356,542	$58,241,135
SPG	Simon Property Group Inc.	+225,045	880,641	$164,265,965
REXR	Rexford Industrial Realty, Inc.	+213,997	564,554	$18,477,852
FR	First Industrial Realty Trust Inc	+177,350	309,950	$17,930,607
EXR	Extra Space Storage Inc.	+149,121	2,735,452	$358,699,820
IRM	Iron Mountain Inc	+121,738	703,912	$71,897,571
AHR	American Healthcare REIT, Inc.	+119,225	412,177	$19,438,267
MAA	Mid America Apartment Communities Inc.	+114,201	3,089,712	$377,315,629
SLG	Sl Green Realty Corp	+89,433	245,689	$9,075,751
O	Realty Income Corp	+88,412	8,937,472	$546,794,536
WELL	Welltower Inc.	+35,076	1,692,393	$334,603,020
SUI	Sun Communities Inc	+2,964	307,048	$38,675,766
DLR	Digital Realty Trust, Inc.	+1,949	8,619,693	$1,553,354,875
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
SBRA	Sabra Health Care REIT, Inc.	−2,412,579	579,512	$11,144,015
HR	Healthcare Realty Trust Inc	−2,167,777	10,223,995	$173,705,675
UDR	UDR, Inc.	−817,216	828,243	$27,978,048
BRX	Brixmor Property Group Inc.	−635,861	978,190	$28,171,872
INVH	Invitation Homes Inc.	−616,419	15,975,264	$396,985,310
EQR	Equity Residential	−489,535	10,856,563	$642,165,701
VTR	Ventas, Inc.	−443,628	11,314,857	$925,329,005
VICI	Vici Properties Inc.	−410,625	2,858,536	$78,095,203
VNO	Vornado Realty Trust	−374,563	609,224	$15,833,731
PLD	Prologis, Inc.	−369,417	19,286,830	$2,549,333,189
EPRT	Essential Properties Realty Trust, Inc.	−353,372	527,707	$16,021,184
DOC	Healthpeak Properties, Inc.	−315,673	1,664,514	$27,347,965
WPC	W. P. Carey Inc.	−295,660	580,007	$39,417,275
BXP	BXP, Inc.	−188,932	7,212,581	$374,332,953
PSA	Public Storage	−112,726	2,094,949	$567,479,785
CUZ	Cousins Properties Inc	−84,213	7,310,912	$165,007,283
ESS	Essex Property Trust, Inc.	−52,268	159,780	$38,666,760
FRT	Federal Realty Investment Trust	−41,221	273,311	$29,028,361
RHP	Ryman Hospitality Properties, Inc.	−11,002	215,740	$19,906,329
EQIX	Equinix Inc	−9,018	1,194,365	$1,170,764,347
ADC	Agree Realty Corp	−80	302,617	$22,811,269
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
HST	Host Hotels & Resorts, Inc.	2,419,699	$46,361,432
GLPI	Gaming & Leisure Properties, Inc.	726,550	$32,237,023
ELS	Equity Lifestyle Properties Inc	481,719	$30,068,899
CPT	Camden Property Trust	264,633	$25,844,058
AMH	American Homes 4 Rent	820,421	$22,906,154
NNN	Nnn REIT, Inc.	500,350	$21,029,710
CTRE	CareTrust REIT, Inc.	547,906	$20,080,754
CUBE	CubeSmart	543,544	$19,920,887
KRG	Kite Realty Group Trust	691,850	$16,984,917
STAG	STAG Industrial, Inc.	452,071	$16,301,680
TRNO	Terreno Realty Corp	245,177	$15,058,771
IRT	Independence Realty Trust, Inc.	598,765	$8,915,610
PK	Park Hotels & Resorts Inc.	692,908	$7,296,321
NSA	National Storage Affiliates Trust	169,064	$6,380,475
MPT	Medical Properties Trust Inc	1,228,345	$5,687,237
LINE	Lineage, Inc.	169,598	$5,556,030
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
SKT	Tanger Inc.	887,091	$29,602,226
CURB	Curbline Properties Corp.	789,832	$18,332,000
UE	Urban Edge Properties	892,720	$17,131,296
NTST	NETSTREIT Corp.	956,127	$16,866,080
GRTUF	Granite Real Estate Investment Trust	250,000	$14,797,500
EPR	Epr Properties	287,278	$14,335,172
AKR	Acadia Realty Trust	694,831	$14,271,828
UMH	Umh Properties, Inc.	679,926	$10,817,622
VRE	Veris Residential, Inc.	696,155	$10,358,786
MAC	Macerich Co	556,272	$10,268,781
SMA	SmartStop Self Storage REIT, Inc.	293,366	$9,076,744
CTO	CTO Realty Growth, Inc.	460,001	$8,468,618
PEB	Pebblebrook Hotel Trust	494,211	$5,594,468
XHR	Xenia Hotels & Resorts, Inc.	388,747	$5,496,882
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

56 positions · $12,353,674,430 total · as of Mar 31, 2026

All sectors Real Estate

Showing 1–50 of 56 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PLD	Prologis, Inc. Real Estate	Reduced	19,286,830	-369,417	$2,549,333,189	+1.6%	20.64%
DLR	Digital Realty Trust, Inc. Real Estate	Added	8,619,693	+1,949	$1,553,354,875	+16.5%	12.57%
EQIX	Equinix Inc Real Estate	Reduced	1,194,365	-9,018	$1,170,764,347	+27.0%	9.48%
VTR	Ventas, Inc. Real Estate	Reduced	11,314,857	-443,628	$925,329,005	+1.7%	7.49%
EQR	Equity Residential Real Estate	Reduced	10,856,563	-489,535	$642,165,701	−10.2%	5.20%
PSA	Public Storage Real Estate	Reduced	2,094,949	-112,726	$567,479,785	−0.9%	4.59%
O	Realty Income Corp Real Estate	Added	8,937,472	+88,412	$546,794,536	+9.6%	4.43%
INVH	Invitation Homes Inc. Real Estate	Reduced	15,975,264	-616,419	$396,985,310	−13.9%	3.21%
MAA	Mid America Apartment Communities Inc. Real Estate	Added	3,089,712	+114,201	$377,315,629	−8.7%	3.05%
BXP	BXP, Inc. Real Estate	Reduced	7,212,581	-188,932	$374,332,953	−25.1%	3.03%
EXR	Extra Space Storage Inc. Real Estate	Added	2,735,452	+149,121	$358,699,820	+6.5%	2.90%
WELL	Welltower Inc. Real Estate	Added	1,692,393	+35,076	$334,603,020	+8.8%	2.71%
KIM	Kimco Realty Corp Real Estate	Added	14,795,116	+2,147,042	$332,446,256	+29.7%	2.69%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Added	6,981,310	+288,205	$324,072,410	−1.1%	2.62%
REG	Regency Centers Corp Real Estate	Added	2,604,387	+580,399	$197,047,920	+41.0%	1.60%
HR	Healthcare Realty Trust Inc Real Estate	Reduced	10,223,995	-2,167,777	$173,705,675	−17.3%	1.41%
CUZ	Cousins Properties Inc Real Estate	Reduced	7,310,912	-84,213	$165,007,283	−13.4%	1.34%
SPG	Simon Property Group Inc. Real Estate	Added	880,641	+225,045	$164,265,965	+35.4%	1.33%
COLD	Americold Realty Trust Real Estate	Added	12,824,285	+684,581	$146,966,306	−5.9%	1.19%
KRC	Kilroy Realty Corp Real Estate	Added	4,692,783	+405,155	$132,383,408	−17.4%	1.07%
VICI	Vici Properties Inc. Real Estate	Reduced	2,858,536	-410,625	$78,095,203	−15.0%	0.63%
IRM	Iron Mountain Inc Real Estate	Added	703,912	+121,738	$71,897,571	+48.9%	0.58%
AVB	Avalonbay Communities Inc Real Estate	Added	356,542	+280,969	$58,241,135	+325.1%	0.47%
HST	Host Hotels & Resorts, Inc. Real Estate	NEW	2,419,699	NEW	$46,361,432	NEW	0.38%
WPC	W. P. Carey Inc. Real Estate	Reduced	580,007	-295,660	$39,417,275	−30.1%	0.32%
SUI	Sun Communities Inc Real Estate	Added	307,048	+2,964	$38,675,766	+2.6%	0.31%
ESS	Essex Property Trust, Inc. Real Estate	Reduced	159,780	-52,268	$38,666,760	−30.3%	0.31%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	NEW	726,550	NEW	$32,237,023	NEW	0.26%
OHI	Omega Healthcare Investors Inc Real Estate	Added	726,429	+381,961	$31,832,118	+108.4%	0.26%
ELS	Equity Lifestyle Properties Inc Real Estate	NEW	481,719	NEW	$30,068,899	NEW	0.24%
FRT	Federal Realty Investment Trust Real Estate	Reduced	273,311	-41,221	$29,028,361	−8.4%	0.23%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	978,190	-635,861	$28,171,872	−33.4%	0.23%
UDR	UDR, Inc. Real Estate	Reduced	828,243	-817,216	$27,978,048	−53.6%	0.23%
DOC	Healthpeak Properties, Inc. Real Estate	Reduced	1,664,514	-315,673	$27,347,965	−14.1%	0.22%
CPT	Camden Property Trust Real Estate	NEW	264,633	NEW	$25,844,058	NEW	0.21%
AMH	American Homes 4 Rent Real Estate	NEW	820,421	NEW	$22,906,154	NEW	0.19%
ADC	Agree Realty Corp Real Estate	Reduced	302,617	-80	$22,811,269	+4.6%	0.18%
NNN	Nnn REIT, Inc. Real Estate	NEW	500,350	NEW	$21,029,710	NEW	0.17%
CTRE	CareTrust REIT, Inc. Real Estate	NEW	547,906	NEW	$20,080,754	NEW	0.16%
CUBE	CubeSmart Real Estate	NEW	543,544	NEW	$19,920,887	NEW	0.16%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Reduced	215,740	-11,002	$19,906,329	−7.2%	0.16%
AHR	American Healthcare REIT, Inc. Real Estate	Added	412,177	+119,225	$19,438,267	+41.0%	0.16%
REXR	Rexford Industrial Realty, Inc. Real Estate	Added	564,554	+213,997	$18,477,852	+36.1%	0.15%
FR	First Industrial Realty Trust Inc Real Estate	Added	309,950	+177,350	$17,930,607	+136.1%	0.15%
KRG	Kite Realty Group Trust Real Estate	NEW	691,850	NEW	$16,984,917	NEW	0.14%
STAG	STAG Industrial, Inc. Real Estate	NEW	452,071	NEW	$16,301,680	NEW	0.13%
EPRT	Essential Properties Realty Trust, Inc. Real Estate	Reduced	527,707	-353,372	$16,021,184	−38.7%	0.13%
VNO	Vornado Realty Trust Real Estate	Reduced	609,224	-374,563	$15,833,731	−51.6%	0.13%
TRNO	Terreno Realty Corp Real Estate	NEW	245,177	NEW	$15,058,771	NEW	0.12%
SBRA	Sabra Health Care REIT, Inc. Real Estate	Reduced	579,512	-2,412,579	$11,144,015	−80.3%	0.09%