APG Asset Management N.V.

CIK

1434819

Location

Amsterdam, P7

Portfolio Value

Large $36,332,587,484

Diversification

Diversified

Filing Date

Global Rank

#114 / 8,232 ▼ 8

Top Industry

Semiconductors 13.1%

3Y Alpha vs SPY

-8.0%

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

+44.0%

SPY

+76.5%

Annualised alpha

-7.9%

Max drawdown

−21.5%

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

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

Top Position

5.8%

−2.8 pts

Top 5

24.5%

−6.9 pts

Top 10

35.5%

−5.0 pts

HHI

177

Diversified−77

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	35.2%	$12,789,529,414	103
Financial Services	18.5%	$6,736,319,945	87
Healthcare	13.4%	$4,850,414,769	60
Consumer Cyclical	9.9%	$3,598,164,838	39
Industrials	7.6%	$2,750,502,814	73
Consumer Defensive	5.9%	$2,135,233,866	28
Communication Services	2.8%	$1,014,673,969	22
Utilities	2.4%	$881,085,639	32
Real Estate	2.3%	$844,504,126	32
Basic Materials	1.6%	$595,403,674	20
Energy	0.3%	$113,983,287	11
Unclassified	0.1%	$22,771,143	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TSCO	Tractor Supply Co /De/	+627,740	4,775,656	$216,337,216
CRTO	Criteo S.A.	+611,999	844,174	$15,136,039
WMT	Walmart Inc.	+489,655	2,826,106	$351,228,453
INTC	Intel Corp	+489,516	2,893,034	$127,669,590
JPM	Jpmorgan Chase & Co	+475,936	3,362,145	$989,008,573
CSCO	Cisco Systems, Inc.	+440,183	2,694,269	$209,048,331
TJX	Tjx Companies Inc /De/	+336,239	3,011,334	$480,910,039
LLY	ELI LILLY & Co	+286,183	1,161,712	$1,068,507,846
TYL	Tyler Technologies Inc	+279,586	939,990	$321,833,776
HBAN	Huntington Bancshares Inc /Md/	+268,422	1,016,985	$15,915,815
CBRE	Cbre Group, Inc.	+252,223	1,847,031	$250,198,819
NFLX	Netflix Inc	+237,728	2,770,799	$266,412,323
BAC	Bank Of America Corp /De/	+214,856	4,343,196	$211,730,805
AVGO	Broadcom Inc.	+207,489	5,443,271	$1,684,746,807
KO	Coca Cola Co	+177,494	2,473,170	$188,084,578
AMZN	Amazon Com Inc	+170,027	7,547,056	$1,571,825,353
V	Visa Inc.	+156,907	1,222,792	$369,576,654
FITB	Fifth Third Bancorp	+145,109	6,749,043	$313,560,537
CNH	CNH Industrial N.V.	+137,954	599,508	$6,594,588
SYK	Stryker Corp	+133,623	1,064,632	$349,827,428
BRK-B	Berkshire Hathaway Inc	+127,480	863,760	$413,913,792
PG	PROCTER & GAMBLE Co	+118,381	1,679,530	$242,591,313
ABBV	AbbVie Inc.	+117,344	1,248,938	$271,631,525
ENB	Enbridge Inc	+116,473	200,290	$10,843,700
MCO	Moodys Corp /De/	+115,107	684,104	$298,440,370
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−7,101,152	11,820,764	$2,061,541,241
AAPL	Apple Inc.	−4,111,272	5,891,986	$1,495,327,126
MSFT	Microsoft Corp	−1,033,435	5,656,313	$2,093,797,383
ROL	Rollins Inc	−1,000,241	4,261,456	$227,604,364
STE	STERIS plc	−936,615	77,733	$17,189,098
APH	Amphenol Corp /De/	−306,500	1,120,056	$141,519,075
ZBRA	Zebra Technologies Corp	−270,547	448,257	$93,721,573
FERG	Ferguson Enterprises Inc. /DE/	−211,572	1,619,594	$377,786,496
PYPL	PayPal Holdings, Inc.	−129,329	471,285	$21,316,220
BMY	Bristol Myers Squibb Co	−126,143	1,323,671	$80,280,646
CFG	Citizens Financial Group Inc/Ri	−124,937	213,664	$12,813,430
BR	Broadridge Financial Solutions, Inc.	−108,759	775,505	$126,004,052
BSX	Boston Scientific Corp	−93,130	896,449	$56,252,174
VZ	Verizon Communications Inc	−87,783	2,911,647	$146,164,679
GLW	Corning Inc /Ny	−70,657	736,826	$100,186,231
CVS	CVS HEALTH Corp	−69,680	660,496	$47,436,822
CL	Colgate Palmolive Co	−68,351	1,028,399	$87,650,446
EL	Estee Lauder Companies Inc	−67,439	119,461	$8,573,715
MDT	Medtronic plc	−61,212	677,528	$58,707,801
ED	Consolidated Edison Inc	−61,024	398,836	$45,140,258
KMI	Kinder Morgan, Inc.	−56,446	538,086	$18,042,023
NXPI	NXP Semiconductors N.V.	−55,421	216,806	$42,680,429
CTSH	Cognizant Technology Solutions Corp	−54,478	400,640	$24,579,264
WMB	Williams Companies, Inc.	−52,794	486,823	$35,430,977
HPE	Hewlett Packard Enterprise Co	−48,808	450,006	$10,714,642
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
SUNB	Sunbelt Rentals Holdings, Inc.	283,052	$18,423,854
Q	Qnity Electronics, Inc.	106,437	$12,280,701
SOLS	Solstice Advanced Materials Inc.	49,802	$3,792,920
FIX	Comfort Systems USA Inc	1,984	$2,735,916
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
PDD	PDD Holdings Inc.	380,428	$43,136,730
NU	Nu Holdings Ltd.	1,797,354	$30,087,705
BAP	Credicorp Ltd	36,314	$10,422,118
YUMC	Yum China Holdings, Inc.	197,859	$9,445,788
SCCO	Southern Copper Corp/	48,338	$6,880,010
TME	Tencent Music Entertainment Group	330,271	$5,789,650
HTHT	H World Group Ltd	115,993	$5,457,470
FLUT	Flutter Entertainment plc	24,120	$5,186,764
BZ	Kanzhun Ltd	221,700	$4,518,246
XP	XP Inc.	212,000	$3,470,440
VIPS	Vipshop Holdings Ltd	187,187	$3,311,338
BEPC	Brookfield Renewable Corp	81,081	$3,108,645
BVN	Buenaventura Mining Co Inc	96,087	$2,674,101
TEVA	Teva Pharmaceutical Industries Ltd	73,038	$2,279,515
STNE	StoneCo Ltd.	132,900	$1,965,591
JBL	Jabil Inc	7,394	$1,685,979
FLEX	Flex Ltd.	22,579	$1,364,223
UTHR	UNITED THERAPEUTICS Corp	2,726	$1,328,243
MOS	Mosaic Co	51,258	$1,234,805
QFIN	Qfin Holdings, Inc.	62,000	$1,194,740
FMX	Mexican Economic Development Inc	9,754	$985,836
ATHM	Autohome Inc.	37,479	$834,282
ENTG	Entegris Inc	9,145	$770,466
AMX	America Movil Sab De Cv/	26,779	$553,521
ZG	Zillow Group, Inc.	6,847	$467,170
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

508 positions · $36,332,587,484 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 508 positions by value · page 1 of 11

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	5,656,313	-1,033,435	$2,093,797,383	−35.3%	5.76%
NVDA	Nvidia Corp Technology	Reduced	11,820,764	-7,101,152	$2,061,541,241	−41.6%	5.67%
AVGO	Broadcom Inc. Technology	Added	5,443,271	+207,489	$1,684,746,807	−7.0%	4.64%
AMZN	Amazon Com Inc Consumer Cyclical	Added	7,547,056	+170,027	$1,571,825,353	−7.7%	4.33%
AAPL	Apple Inc. Technology	Reduced	5,891,986	-4,111,272	$1,495,327,126	−45.0%	4.12%
LLY	ELI LILLY & Co Healthcare	Added	1,161,712	+286,183	$1,068,507,846	+13.6%	2.94%
JPM	Jpmorgan Chase & Co Financial Services	Added	3,362,145	+475,936	$989,008,573	+6.3%	2.72%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	759,919	+88,036	$757,206,089	+30.7%	2.08%
MA	Mastercard Inc Financial Services	Added	1,416,130	+98,561	$707,583,515	−5.9%	1.95%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	3,011,334	+336,239	$480,910,039	+17.0%	1.32%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	932,138	+25,212	$458,173,791	−12.8%	1.26%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	863,760	+127,480	$413,913,792	+11.8%	1.14%
CDNS	Cadence Design Systems Inc Technology	Added	1,422,149	+29,209	$395,172,542	−9.2%	1.09%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Reduced	1,619,594	-211,572	$377,786,496	−7.3%	1.04%
V	Visa Inc. Financial Services	Added	1,222,792	+156,907	$369,576,654	−1.1%	1.02%
WMT	Walmart Inc. Consumer Defensive	Added	2,826,106	+489,655	$351,228,453	+34.9%	0.97%
SYK	Stryker Corp Healthcare	Added	1,064,632	+133,623	$349,827,428	+6.9%	0.96%
PGR	Progressive Corp/Oh/ Financial Services	Added	1,682,893	+50,901	$333,616,708	−10.2%	0.92%
ISRG	Intuitive Surgical Inc Healthcare	Added	708,812	+22,288	$326,755,243	−16.0%	0.90%
TYL	Tyler Technologies Inc Technology	Added	939,990	+279,586	$321,833,776	+7.4%	0.89%
WST	West Pharmaceutical Services Inc Healthcare	Added	1,267,282	+68,277	$317,631,560	−3.7%	0.87%
FITB	Fifth Third Bancorp Financial Services	Added	6,749,043	+145,109	$313,560,537	+1.4%	0.86%
ANET	Arista Networks, Inc. Technology	Reduced	2,532,613	-20,271	$310,954,224	−7.0%	0.86%
MCO	Moodys Corp /De/ Financial Services	Added	684,104	+115,107	$298,440,370	+2.7%	0.82%
ABBV	AbbVie Inc. Healthcare	Added	1,248,938	+117,344	$271,631,525	+5.1%	0.75%
NFLX	Netflix Inc Communication Services	Added	2,770,799	+237,728	$266,412,323	+12.2%	0.73%
AJG	Arthur J. Gallagher & Co. Financial Services	Reduced	1,177,502	-5,357	$255,023,383	−16.7%	0.70%
MU	Micron Technology Inc Technology	Added	751,058	+98,417	$253,737,434	+36.2%	0.70%
CBRE	Cbre Group, Inc. Real Estate	Added	1,847,031	+252,223	$250,198,819	−2.4%	0.69%
JKHY	Jack Henry & Associates Inc Technology	Reduced	1,562,882	-352	$246,997,871	−13.4%	0.68%
MSA	MSA Safety Inc Industrials	Held	1,497,591	0	$245,530,044	+2.4%	0.68%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	1,679,530	+118,381	$242,591,313	+8.4%	0.67%
IR	Ingersoll Rand Inc. Industrials	Reduced	3,026,272	-2,999	$242,464,912	+1.0%	0.67%
HD	Home Depot, Inc. Consumer Cyclical	Added	727,286	+64,026	$239,197,092	+4.8%	0.66%
LPLA	LPL Financial Holdings Inc. Financial Services	Added	772,692	+28,975	$232,448,934	−12.5%	0.64%
ROL	Rollins Inc Consumer Cyclical	Reduced	4,261,456	-1,000,241	$227,604,364	−27.9%	0.63%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Added	4,775,656	+627,740	$216,337,216	+4.3%	0.60%
BAC	Bank Of America Corp /De/ Financial Services	Added	4,343,196	+214,856	$211,730,805	−6.8%	0.58%
GE	General Electric Co Industrials	Added	741,392	+43,010	$210,384,807	−2.2%	0.58%
CSCO	Cisco Systems, Inc. Technology	Added	2,694,269	+440,183	$209,048,331	+20.4%	0.58%
MRK	Merck & Co., Inc. Healthcare	Added	1,708,121	+55,172	$205,469,875	+18.1%	0.57%
AMD	Advanced Micro Devices Inc Technology	Added	947,525	+23,687	$192,755,010	−2.6%	0.53%
KO	Coca Cola Co Consumer Defensive	Added	2,473,170	+177,494	$188,084,578	+17.2%	0.52%
LIN	Linde PLC Basic Materials	Added	363,099	+2,148	$180,009,960	+17.0%	0.50%
LRCX	Lam Research Corp Technology	Added	832,592	+95,094	$177,891,606	+40.9%	0.49%
AMAT	Applied Materials Inc /De Technology	Added	514,499	+66,157	$175,850,613	+52.6%	0.48%
ORCL	Oracle Corp Technology	Reduced	1,047,253	-18,302	$154,061,388	−25.8%	0.42%
UNH	Unitedhealth Group Inc Healthcare	Added	568,823	+12,813	$153,917,815	−16.1%	0.42%
PEP	Pepsico Inc Consumer Defensive	Added	982,387	+26,063	$152,554,877	+11.1%	0.42%
GS	Goldman Sachs Group Inc Financial Services	Added	179,124	+6,580	$151,537,112	−0.1%	0.42%