APG Asset Management US Inc.
Filing Date
Global Rank
#373
/ 8,622
▲ 17
· as of Mar 2026
Top Industry
REIT - Industrial
30.1%
3Y Alpha vs SPY
-12.2%
Period ended 4 months ago
Filed May 13, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+30.1%
SPY
+67.9%
Annualised alpha
-9.7%
Max drawdown
−20.5%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
56 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top 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 |
|---|---|---|
| Real Estate | 100.0% | $12,353,674,430 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
19 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
56 positions ·
$12,353,674,430 total
· as of Mar 31, 2026
Showing 1–50
of 56 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PLD |
Prologis, Inc.
Real Estate
|
Reduced | 19,286,830 | $2,549,333,189 | 20.64% | |
| DLR |
Digital Realty Trust, Inc.
Real Estate
|
Added | 8,619,693 | $1,553,354,875 | 12.57% | |
| EQIX |
Equinix Inc
Real Estate
|
Reduced | 1,194,365 | $1,170,764,347 | 9.48% | |
| VTR |
Ventas, Inc.
Real Estate
|
Reduced | 11,314,857 | $925,329,005 | 7.49% | |
| EQR |
Equity Residential
Real Estate
|
Reduced | 10,856,563 | $642,165,701 | 5.20% | |
| PSA |
Public Storage
Real Estate
|
Reduced | 2,094,949 | $567,479,785 | 4.59% | |
| O |
Realty Income Corp
Real Estate
|
Added | 8,937,472 | $546,794,536 | 4.43% | |
| INVH |
Invitation Homes Inc.
Real Estate
|
Reduced | 15,975,264 | $396,985,310 | 3.21% | |
| MAA |
Mid America Apartment Communities Inc.
Real Estate
|
Added | 3,089,712 | $377,315,629 | 3.05% | |
| BXP |
BXP, Inc.
Real Estate
|
Reduced | 7,212,581 | $374,332,953 | 3.03% | |
| EXR |
Extra Space Storage Inc.
Real Estate
|
Added | 2,735,452 | $358,699,820 | 2.90% | |
| WELL |
Welltower Inc.
Real Estate
|
Added | 1,692,393 | $334,603,020 | 2.71% | |
| KIM |
Kimco Realty Corp
Real Estate
|
Added | 14,795,116 | $332,446,256 | 2.69% | |
| ARE |
Alexandria Real Estate Equities, Inc.
Real Estate
|
Added | 6,981,310 | $324,072,410 | 2.62% | |
| REG |
Regency Centers Corp
Real Estate
|
Added | 2,604,387 | $197,047,920 | 1.60% | |
| HR |
Healthcare Realty Trust Inc
Real Estate
|
Reduced | 10,223,995 | $173,705,675 | 1.41% | |
| CUZ |
Cousins Properties Inc
Real Estate
|
Reduced | 7,310,912 | $165,007,283 | 1.34% | |
| SPG |
Simon Property Group Inc.
Real Estate
|
Added | 880,641 | $164,265,965 | 1.33% | |
| COLD |
Americold Realty Trust
Real Estate
|
Added | 12,824,285 | $146,966,306 | 1.19% | |
| KRC |
Kilroy Realty Corp
Real Estate
|
Added | 4,692,783 | $132,383,408 | 1.07% | |
| VICI |
Vici Properties Inc.
Real Estate
|
Reduced | 2,858,536 | $78,095,203 | 0.63% | |
| IRM |
Iron Mountain Inc
Real Estate
|
Added | 703,912 | $71,897,571 | 0.58% | |
| AVB |
Avalonbay Communities Inc
Real Estate
|
Added | 356,542 | $58,241,135 | 0.47% | |
| HST |
Host Hotels & Resorts, Inc.
Real Estate
|
NEW | 2,419,699 | $46,361,432 | 0.38% | |
| WPC |
W. P. Carey Inc.
Real Estate
|
Reduced | 580,007 | $39,417,275 | 0.32% | |
| SUI |
Sun Communities Inc
Real Estate
|
Added | 307,048 | $38,675,766 | 0.31% | |
| ESS |
Essex Property Trust, Inc.
Real Estate
|
Reduced | 159,780 | $38,666,760 | 0.31% | |
| GLPI |
Gaming & Leisure Properties, Inc.
Real Estate
|
NEW | 726,550 | $32,237,023 | 0.26% | |
| OHI |
Omega Healthcare Investors Inc
Real Estate
|
Added | 726,429 | $31,832,118 | 0.26% | |
| ELS |
Equity Lifestyle Properties Inc
Real Estate
|
NEW | 481,719 | $30,068,899 | 0.24% | |
| FRT |
Federal Realty Investment Trust
Real Estate
|
Reduced | 273,311 | $29,028,361 | 0.23% | |
| BRX |
Brixmor Property Group Inc.
Real Estate
|
Reduced | 978,190 | $28,171,872 | 0.23% | |
| UDR |
UDR, Inc.
Real Estate
|
Reduced | 828,243 | $27,978,048 | 0.23% | |
| DOC |
Healthpeak Properties, Inc.
Real Estate
|
Reduced | 1,664,514 | $27,347,965 | 0.22% | |
| CPT |
Camden Property Trust
Real Estate
|
NEW | 264,633 | $25,844,058 | 0.21% | |
| AMH |
American Homes 4 Rent
Real Estate
|
NEW | 820,421 | $22,906,154 | 0.19% | |
| ADC |
Agree Realty Corp
Real Estate
|
Reduced | 302,617 | $22,811,269 | 0.18% | |
| NNN |
Nnn REIT, Inc.
Real Estate
|
NEW | 500,350 | $21,029,710 | 0.17% | |
| CTRE |
CareTrust REIT, Inc.
Real Estate
|
NEW | 547,906 | $20,080,754 | 0.16% | |
| CUBE |
CubeSmart
Real Estate
|
NEW | 543,544 | $19,920,887 | 0.16% | |
| RHP |
Ryman Hospitality Properties, Inc.
Real Estate
|
Reduced | 215,740 | $19,906,329 | 0.16% | |
| AHR |
American Healthcare REIT, Inc.
Real Estate
|
Added | 412,177 | $19,438,267 | 0.16% | |
| REXR |
Rexford Industrial Realty, Inc.
Real Estate
|
Added | 564,554 | $18,477,852 | 0.15% | |
| FR |
First Industrial Realty Trust Inc
Real Estate
|
Added | 309,950 | $17,930,607 | 0.15% | |
| KRG |
Kite Realty Group Trust
Real Estate
|
NEW | 691,850 | $16,984,917 | 0.14% | |
| STAG |
STAG Industrial, Inc.
Real Estate
|
NEW | 452,071 | $16,301,680 | 0.13% | |
| EPRT |
Essential Properties Realty Trust, Inc.
Real Estate
|
Reduced | 527,707 | $16,021,184 | 0.13% | |
| VNO |
Vornado Realty Trust
Real Estate
|
Reduced | 609,224 | $15,833,731 | 0.13% | |
| TRNO |
Terreno Realty Corp
Real Estate
|
NEW | 245,177 | $15,058,771 | 0.12% | |
| SBRA |
Sabra Health Care REIT, Inc.
Real Estate
|
Reduced | 579,512 | $11,144,015 | 0.09% |