APG Asset Management N.V.

CIK

1434819

Location

Amsterdam, P7

Portfolio Value

Large $36,146,640,547

Diversification

Diversified

Filing Date

Global Rank

#185 / 8,621 ▼ 18 · as of Mar 2026

Top Industry

Semiconductors 13.2%

3Y Alpha vs SPY

-7.6%

Period ended 4 months ago

Filed May 13, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical 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

+46.4%

SPY

+67.9%

Annualised alpha

-5.3%

Max drawdown

−21.6%

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

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

Top Position

5.8%

−2.8 pts

Top 5

24.6%

−6.9 pts

Top 10

35.7%

−4.9 pts

HHI

179

Diversified−77

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	34.9%	$12,626,782,970	103
Financial Services	18.6%	$6,732,695,899	87
Healthcare	13.4%	$4,850,414,769	60
Consumer Cyclical	9.9%	$3,579,885,527	39
Industrials	7.6%	$2,749,205,678	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	$6,811,892
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 · $36,146,640,547 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%	5.79%
NVDA	Nvidia Corp Technology	Reduced	11,820,764	-7,101,152	$2,061,541,241	−41.6%	5.70%
AVGO	Broadcom Inc. Technology	Added	5,443,271	+207,489	$1,684,746,807	−7.0%	4.66%
AMZN	Amazon Com Inc Consumer Cyclical	Added	7,547,056	+170,027	$1,571,825,353	−7.7%	4.35%
AAPL	Apple Inc. Technology	Reduced	5,891,986	-4,111,272	$1,495,327,126	−45.0%	4.14%
LLY	ELI LILLY & Co Healthcare	Added	1,161,712	+286,183	$1,068,507,846	+13.6%	2.96%
JPM	Jpmorgan Chase & Co Financial Services	Added	3,362,145	+475,936	$989,008,573	+6.3%	2.74%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	759,919	+88,036	$757,206,089	+30.7%	2.09%
MA	Mastercard Inc Financial Services	Added	1,416,130	+98,561	$707,583,515	−5.9%	1.96%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	3,011,334	+336,239	$480,910,039	+17.0%	1.33%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	932,138	+25,212	$458,173,791	−12.8%	1.27%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	863,760	+127,480	$413,913,792	+11.8%	1.15%
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%	1.05%
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%	0.97%
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%	0.88%
FITB	Fifth Third Bancorp Financial Services	Added	6,749,043	+145,109	$313,560,537	+1.4%	0.87%
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%	0.83%
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%	0.74%
AJG	Arthur J. Gallagher & Co. Financial Services	Reduced	1,177,502	-5,357	$255,023,383	−16.7%	0.71%
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%	0.59%
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%	0.49%
ORCL	Oracle Corp Technology	Reduced	1,047,253	-18,302	$154,061,388	−25.8%	0.43%
UNH	Unitedhealth Group Inc Healthcare	Added	568,823	+12,813	$153,917,815	−16.1%	0.43%
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%