APG Asset Management US Inc.

Registered adviser

CIK

1323255

Location

New York, NY

Portfolio Value

Large $14,245,316,263

Diversification

Diversified

Reports for

STICHTING PENSIOENFONDS ABP APG Group APG Asset Management N.V.

Files via

APG Asset Management N.V.

Filing Date

Global Rank

#440 / 8,820 ▼ 26

Top Industry

REIT - Industrial 29.6%

Period ended 4 months ago

Filed Aug 12, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 160795

Roster of Oct 1, 2026

Regulatory AUM

$141,326,309,861

Main clients

Pooled investment vehicles (62% of AUM)

Private funds

29 funds · Other private funds

Focus by fund count, roster of Oct 1, 2026

$22,185,998,951 gross assets

LEI

WHNDYF9DQS0MLKC7XL76

Private funds on Schedule D 7.B.(1)

As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$21,195,433,415 gross assets in 29 funds Real estate funds $14,093,590,871 (6) Other private funds $6,555,320,356 (17) Private equity funds $419,833,538 (3) Hedge funds $126,688,650 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$141,326,309,861	Pooled investment vehicles (62%)
Apr 2025 to Mar 2026	$150,653,595,205	Pooled investment vehicles (61%)
Apr 2024 to Mar 2025	$164,116,838,385	Pooled investment vehicles (56%)
May 2023 to Mar 2024	$140,945,050,868	Pooled investment vehicles (68%)
Apr 2023	$140,945,050,868	Pooled investment vehicles (68%)
Apr 2022 to Mar 2023	$186,715,217,058	Pooled investment vehicles (59%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 70.1% of the book (60%+)

Turnover

Low turnover

7.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.6 quarters (12+), a floor since 84.6% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 94.1%; sector active share 93.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

61 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.3%

−1.4 pts

Top 5

50.2%

−2.7 pts

Top 10

70.1%

−1.8 pts

HHI

741

Diversified−72

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Real Estate	95.3%	$13,576,666,465	58
Unclassified	4.6%	$658,872,198	2
Financial Services	0.1%	$9,777,600	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	+968,750	7,166,024	$573,066,939
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+87,806	786,699	$85,805,259
SBRA	Sabra Health Care REIT, Inc.	+41,857	621,369	$12,122,909
AHR	American Healthcare REIT, Inc.	+32,108	444,285	$23,169,462
VNO	Vornado Realty Trust	+24,405	633,629	$24,901,619
CUBE	CubeSmart	+17,585	561,129	$22,316,100
BXP	BXP, Inc.	+17,549	7,230,130	$479,429,920
EXR	Extra Space Storage Inc.	+12,697	2,748,149	$399,306,049
CUZ	Cousins Properties Inc	+12,396	7,323,308	$219,552,773
SPG	Simon Property Group Inc.	+12,346	892,987	$199,716,542
KRC	Kilroy Realty Corp	+8,713	4,701,496	$176,165,055
PSA	Public Storage	+8,628	2,103,577	$669,589,594
SLG	Sl Green Realty Corp	+5,283	250,972	$12,992,820
—		+2,990	172,054	$7,778,561
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
KIM	Kimco Realty Corp	−40,235	14,754,881	$374,036,233
O	Realty Income Corp	−16,111	8,921,361	$552,767,527
BRX	Brixmor Property Group Inc.	−11,917	966,273	$30,466,587
VICI	Vici Properties Inc.	−10,975	2,847,561	$75,602,744
REG	Regency Centers Corp	−10,395	2,593,992	$206,844,922
FRT	Federal Realty Investment Trust	−3,435	269,876	$33,313,493
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
EGP	Eastgroup Properties Inc	128,218	$25,967,991
EPR	Epr Properties	200,183	$11,612,615
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

61 tracked positions · $14,245,316,263 total · filing declares 61 positions · $14,270,615,621 · as of Jun 30, 2026

All sectors Financial Services Real Estate

Showing 1–50 of 61 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
PLD	Prologis, Inc. Real Estate	Held	19,286,830	0	$2,612,786,860	+2.5%	26+	before history	18.34%
DLR	Digital Realty Trust, Inc. Real Estate	Held	8,619,693	0	$1,547,924,468	−0.3%	26+	before history	10.87%
EQIX	Equinix Inc Real Estate	Held	1,194,365	0	$1,244,994,132	+6.3%	26+	before history	8.74%
VTR	Ventas, Inc. Real Estate	Held	11,314,857	0	$1,004,759,301	+8.6%	26+	before history	7.05%
VMRK	Vivmark Residential Real Estate	Held	10,856,563	0	$737,486,324	+14.8%	26+	before history	5.18%
PSA	Public Storage Real Estate	Added	2,103,577	+8,628	$669,589,594	+18.0%	26+	before history	4.70%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Added	7,166,024	+968,750	$573,066,939	+16.2%	11	unpriced	4.02%
O	Realty Income Corp Real Estate	Reduced	8,921,361	-16,111	$552,767,527	+1.1%	26+	before history	3.88%
INVH	Invitation Homes Inc. Real Estate	Held	15,975,264	0	$482,612,725	+21.6%	26+	before history	3.39%
BXP	BXP, Inc. Real Estate	Added	7,230,130	+17,549	$479,429,920	+28.1%	26+	before history	3.37%
MAA	Mid America Apartment Communities Inc. Real Estate	Held	3,089,712	0	$429,284,585	+13.8%	26+	before history	3.01%
EXR	Extra Space Storage Inc. Real Estate	Added	2,748,149	+12,697	$399,306,049	+11.3%	26+	before history	2.80%
WELL	Welltower Inc. Real Estate	Held	1,692,393	0	$384,122,439	+14.8%	14	$99.91	2.70%
KIM	Kimco Realty Corp Real Estate	Reduced	14,754,881	-40,235	$374,036,233	+12.5%	26+	before history	2.63%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Held	6,981,310	0	$368,962,233	+13.9%	26+	before history	2.59%
CUZ	Cousins Properties Inc Real Estate	Added	7,323,308	+12,396	$219,552,773	+33.1%	26+	before history	1.54%
REG	Regency Centers Corp Real Estate	Reduced	2,593,992	-10,395	$206,844,922	+5.0%	26+	before history	1.45%
HR	Healthcare Realty Trust Inc Real Estate	Held	10,223,995	0	$206,217,979	+18.7%	16	$22.26	1.45%
COLD	Americold Realty Trust Real Estate	Held	12,824,285	0	$201,597,760	+37.2%	26+	before history	1.42%
SPG	Simon Property Group Inc. Real Estate	Added	892,987	+12,346	$199,716,542	+21.6%	26+	before history	1.40%
KRC	Kilroy Realty Corp Real Estate	Added	4,701,496	+8,713	$176,165,055	+33.1%	26+	before history	1.24%
IRM	Iron Mountain Inc Real Estate	Held	703,912	0	$88,911,124	+23.7%	9	$90.36	0.62%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Added	786,699	+87,806	$85,805,259	+12.6%	6	unpriced	0.60%
VICI	Vici Properties Inc. Real Estate	Reduced	2,847,561	-10,975	$75,602,744	−3.2%	26+	before history	0.53%
		Held	356,542	0	$67,275,928	+15.5%	18	$184.46	0.47%
HST	Host Hotels & Resorts, Inc. Real Estate	Held	2,419,699	0	$57,371,063	+23.7%	2	$19.09	0.40%
ESS	Essex Property Trust, Inc. Real Estate	Held	159,780	0	$46,590,250	+20.5%	10	$270.92	0.33%
WPC	W. P. Carey Inc. Real Estate	Held	580,007	0	$41,470,500	+5.2%	22	unpriced	0.29%
SUI	Sun Communities Inc Real Estate	Held	307,048	0	$36,818,125	−4.8%	26+	before history	0.26%
DOC	Healthpeak Properties, Inc. Real Estate	Held	1,664,514	0	$35,620,599	+30.2%	26+	before history	0.25%
OHI	Omega Healthcare Investors Inc Real Estate	Held	726,429	0	$34,636,134	+8.8%	3	$44.42	0.24%
FRT	Federal Realty Investment Trust Real Estate	Reduced	269,876	-3,435	$33,313,493	+14.8%	7	$108.23	0.23%
UDR	UDR, Inc. Real Estate	Held	828,243	0	$33,063,460	+18.2%	9	$41.50	0.23%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Held	726,550	0	$32,353,271	+0.4%	2	$46.35	0.23%
ELS	Equity Lifestyle Properties Inc Real Estate	Held	481,719	0	$31,046,789	+3.3%	2	$64.78	0.22%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	966,273	-11,917	$30,466,587	+8.1%	10	$24.23	0.21%
CPT	Camden Property Trust Real Estate	Held	264,633	0	$30,297,832	+17.2%	2	$106.02	0.21%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Held	215,740	0	$27,733,377	+39.3%	24	$43.04	0.19%
AMH	American Homes 4 Rent Real Estate	Held	820,421	0	$27,500,511	+20.1%	2	$30.24	0.19%
EGP	Eastgroup Properties Inc Real Estate	NEW	128,218	NEW	$25,967,991	NEW	1	$200.27	0.18%
VNO	Vornado Realty Trust Real Estate	Added	633,629	+24,405	$24,901,619	+57.3%	9	$33.65	0.17%
NNN	Nnn REIT, Inc. Real Estate	Held	500,350	0	$23,281,285	+10.7%	2	$43.09	0.16%
AHR	American Healthcare REIT, Inc. Real Estate	Added	444,285	+32,108	$23,169,462	+19.2%	8	$29.70	0.16%
ADC	Agree Realty Corp Real Estate	Held	302,617	0	$22,920,211	+0.5%	7	$74.56	0.16%
CUBE	CubeSmart Real Estate	Added	561,129	+17,585	$22,316,100	+12.0%	2	$38.41	0.16%
CTRE	CareTrust REIT, Inc. Real Estate	Held	547,906	0	$22,108,007	+10.1%	2	$38.41	0.16%
KRG	Kite Realty Group Trust Real Estate	Held	691,850	0	$19,634,703	+15.6%	2	$24.63	0.14%
FR	First Industrial Realty Trust Inc Real Estate	Held	309,950	0	$19,003,034	+6.0%	4	$55.52	0.13%
REXR	Rexford Industrial Realty, Inc. Real Estate	Held	564,554	0	$18,912,559	+2.4%	8	$41.08	0.13%
STAG	STAG Industrial, Inc. Real Estate	Held	452,071	0	$17,205,822	+5.5%	2	$37.91	0.12%

Showing the top 50 of 61 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.