APG Asset Management N.V.

CIK

1434819

Location

Amsterdam, P7

Portfolio Value

Large $36,332,587,484

Diversification

Diversified

Filing Date

Global Rank

#185 / 8,588 ▼ 18

Top Industry

Semiconductors 13.1%

3Y Alpha vs SPY

-8.0%

Period ended 3 months ago

Filed May 13, 2026 · 35d

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

+43.8%

SPY

+76.8%

Annualised alpha

-8.0%

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 201–250 of 508 positions by value · page 5 of 11

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CCJ	Cameco Corp Energy	Reduced	131,386	-17,493	$14,269,833	+4.8%	0.04%
SNA	Snap-on Inc Industrials	Reduced	39,580	-3,240	$14,376,247	−2.6%	0.04%
ZM	Zoom Communications, Inc. Technology	Reduced	180,050	-3,932	$14,474,219	−8.8%	0.04%
TDY	Teledyne Technologies Inc Technology	Reduced	24,020	-3,212	$14,532,340	+4.5%	0.04%
WAT	Waters Corp /De/ Healthcare	Added	49,022	+14,722	$14,598,751	+12.1%	0.04%
DOV	DOVER Corp Industrials	Added	70,129	+1,111	$14,618,390	+8.5%	0.04%
IQV	Iqvia Holdings Inc. Healthcare	Reduced	86,976	-11,593	$14,832,887	−33.2%	0.04%
AEE	Ameren Corp Utilities	Reduced	135,256	-2,321	$14,867,339	+8.2%	0.04%
CRTO	Criteo S.A. Communication Services	Added	844,174	+611,999	$15,136,039	+216.3%	0.04%
MTD	Mettler Toledo International Inc/ Healthcare	Reduced	12,110	-1,919	$15,273,132	−21.9%	0.04%
BIIB	Biogen Inc. Healthcare	Reduced	84,047	-11,025	$15,408,336	−7.9%	0.04%
IRM	Iron Mountain Inc Real Estate	Reduced	150,916	-3,265	$15,414,560	+20.5%	0.04%
HSY	Hershey Co Consumer Defensive	Added	74,325	+29,097	$15,451,424	+87.7%	0.04%
DTE	Dte Energy Co Utilities	Reduced	105,944	-312	$15,491,131	+13.0%	0.04%
CNI	Canadian National Railway Co Industrials	Reduced	152,051	-13,985	$15,626,281	−4.8%	0.04%
DG	Dollar General Corp Consumer Defensive	Added	132,038	+17,499	$15,676,871	+3.1%	0.04%
EXR	Extra Space Storage Inc. Real Estate	Reduced	120,294	-20,572	$15,774,152	−14.0%	0.04%
HBAN	Huntington Bancshares Inc /Md/ Financial Services	Added	1,016,985	+268,422	$15,915,815	+22.5%	0.04%
AVB	Avalonbay Communities Inc Real Estate	Reduced	98,028	-31,885	$16,012,873	−32.0%	0.04%
DDOG	Datadog, Inc. Technology	Added	136,629	+14,647	$16,129,053	−2.8%	0.04%
MTB	M&T Bank Corp Financial Services	Reduced	78,360	-3,696	$16,198,579	−2.0%	0.04%
CNP	Centerpoint Energy Inc Utilities	Added	377,398	+22,986	$16,288,497	+19.9%	0.04%
A	Agilent Technologies, Inc. Healthcare	Reduced	144,283	-18,425	$16,445,376	−25.7%	0.05%
WDAY	Workday, Inc. Technology	Reduced	126,848	-15,214	$16,480,092	−46.0%	0.05%
GIS	General Mills Inc Consumer Defensive	Reduced	445,080	-27,823	$16,565,877	−24.7%	0.05%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	962,108	-35,712	$16,586,741	−3.6%	0.05%
INCY	Incyte Corp Healthcare	Reduced	176,330	-18,806	$16,596,179	−13.9%	0.05%
DOW	Dow Inc. Basic Materials	Added	400,402	+42,949	$16,676,743	+99.5%	0.05%
XYZ	Block, Inc. Technology	Reduced	277,142	-5,589	$16,678,405	−9.4%	0.05%
L	Loews Corp Financial Services	Reduced	156,563	-25,868	$16,711,534	−13.0%	0.05%
MSTR	Strategy Inc Technology	Reduced	134,280	-10,033	$16,758,144	−23.6%	0.05%
GDS	GDS Holdings Ltd Technology	Held	421,577	0	$16,985,337	+15.4%	0.05%
AXON	Axon Enterprise, Inc. Industrials	Reduced	40,080	-680	$17,021,575	−26.5%	0.05%
STE	STERIS plc Healthcare	Reduced	77,733	-936,615	$17,189,098	−93.3%	0.05%
SYY	Sysco Corp Consumer Defensive	Reduced	241,261	-30,971	$17,209,147	−14.2%	0.05%
PRU	Prudential Financial Inc Financial Services	Reduced	177,089	-5,194	$17,299,824	−15.9%	0.05%
BRO	Brown & Brown, Inc. Financial Services	Added	266,399	+5,012	$17,371,878	−16.6%	0.05%
ADM	Archer-Daniels-Midland Co Consumer Defensive	Reduced	241,176	-1,296	$17,531,083	+25.8%	0.05%
MCHP	Microchip Technology Inc Technology	Reduced	272,404	-7,699	$17,600,022	−1.4%	0.05%
CHD	Church & Dwight Co Inc /De/ Consumer Defensive	Reduced	188,885	-22,199	$17,626,748	−0.4%	0.05%
CCI	Crown Castle Inc. Real Estate	Reduced	218,990	-3,224	$17,806,076	−9.8%	0.05%
STT	State Street Corp Financial Services	Reduced	140,880	-3,963	$17,829,772	−4.6%	0.05%
OTIS	Otis Worldwide Corp Industrials	Reduced	233,365	-7,510	$17,987,774	−14.5%	0.05%
KMI	Kinder Morgan, Inc. Energy	Reduced	538,086	-56,446	$18,042,023	+10.4%	0.05%
GEHC	GE HealthCare Technologies Inc. Healthcare	Reduced	255,939	-6,565	$18,217,738	−15.4%	0.05%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Reduced	60,152	-5,832	$18,291,020	−3.5%	0.05%
CDW	CDW Corp Technology	Reduced	151,781	-20,426	$18,368,536	−21.7%	0.05%
CLS	Celestica Inc Technology	Reduced	65,318	-1,475	$18,398,774	−6.8%	0.05%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	283,052	NEW	$18,423,854	NEW	0.05%
CPRT	Copart Inc Industrials	Reduced	563,773	-16,368	$18,717,263	−17.6%	0.05%