# APG Asset Management US Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1323255. Source: https://holderbook.com/funds/1323255-apg-asset-management-us-inc/

- Reported value: $14.3B
- Positions: 61
- Weight of the ten largest: 69.4%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $2.6B | 19,286,830 | 18.5% | 31 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $1.5B | 8,619,693 | 10.7% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $1.2B | 1,194,365 | 8.5% | 26 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $1.0B | 11,314,857 | 7.1% | 31 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $745.1M | 10,856,563 | 5.2% | 31 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $679.5M | 2,103,577 | 4.8% | 31 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $570.3M | 7,166,024 | 4.0% | 11 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $551.5M | 8,921,361 | 3.9% | 31 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $489.9M | 7,230,130 | 3.4% | 31 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $484.8M | 15,975,264 | 3.4% | 31 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $432.4M | 3,089,712 | 3.0% | 31 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $404.8M | 2,748,149 | 2.8% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $389.6M | 1,692,393 | 2.7% | 14 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $370.1M | 6,981,310 | 2.6% | 31 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $370.1M | 14,754,881 | 2.6% | 31 |
| COUSINS PPTYS INC | [CUZ](https://holderbook.com/stocks/CUZ/) | $224.5M | 7,323,308 | 1.6% | 29 |
| HEALTHCARE RLTY TR | [HR](https://holderbook.com/stocks/HR/) | $207.4M | 10,223,995 | 1.5% | 16 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $205.9M | 2,593,992 | 1.4% | 31 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $205.4M | 12,824,285 | 1.4% | 31 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $199.1M | 892,987 | 1.4% | 31 |
| KILROY REALTY CORP | [KRC](https://holderbook.com/stocks/KRC/) | $184.1M | 4,701,496 | 1.3% | 31 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $85.8M | 703,912 | 0.6% | 9 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $85.3M | 786,699 | 0.6% | 6 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $74.8M | 2,847,561 | 0.5% | 31 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $67.9M | 356,542 | 0.5% | 18 |
| HOST HOTELS & RESORTS INC | [HST](https://holderbook.com/stocks/HST/) | $56.5M | 2,419,699 | 0.4% | 2 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $47.2M | 159,780 | 0.3% | 10 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $41.1M | 580,007 | 0.3% | 22 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $37.1M | 307,048 | 0.3% | 29 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $36.0M | 1,664,514 | 0.3% | 27 |
| OMEGA HEALTHCARE INVS INC | [OHI](https://holderbook.com/stocks/OHI/) | $35.0M | 726,429 | 0.2% | 3 |
| UDR INC | [UDR](https://holderbook.com/stocks/UDR/) | $33.6M | 828,243 | 0.2% | 9 |
| FEDERAL RLTY INVT TR NEW | [FRT](https://holderbook.com/stocks/FRT/) | $32.5M | 269,876 | 0.2% | 7 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $31.7M | 726,550 | 0.2% | 2 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $31.3M | 481,719 | 0.2% | 2 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $30.6M | 264,633 | 0.2% | 2 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $30.2M | 966,273 | 0.2% | 10 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $27.7M | 820,421 | 0.2% | 2 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $26.9M | 215,740 | 0.2% | 24 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $26.3M | 128,218 | 0.2% | 1 |
| VORNADO RLTY TR | [VNO](https://holderbook.com/stocks/VNO/) | $25.4M | 633,629 | 0.2% | 9 |
| AMERICAN HEALTHCARE REIT INC | [AHR](https://holderbook.com/stocks/AHR/) | $23.8M | 444,285 | 0.2% | 8 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $23.3M | 500,350 | 0.2% | 2 |
| AGREE RLTY CORP | [ADC](https://holderbook.com/stocks/ADC/) | $23.1M | 302,617 | 0.2% | 7 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $22.5M | 561,129 | 0.2% | 2 |
| CARETRUST REIT INC | [CTRE](https://holderbook.com/stocks/CTRE/) | $22.4M | 547,906 | 0.2% | 2 |
| KITE REALTY GROUP TRUST | [KRG](https://holderbook.com/stocks/KRG/) | $19.6M | 691,850 | 0.1% | 2 |
| FIRST INDL RLTY TR INC | [FR](https://holderbook.com/stocks/FR/) | $19.1M | 309,950 | 0.1% | 4 |
| REXFORD INDL RLTY INC | [REXR](https://holderbook.com/stocks/REXR/) | $19.0M | 564,554 | 0.1% | 8 |
| STAG INDUSTRIAL INC | [STAG](https://holderbook.com/stocks/STAG/) | $17.3M | 452,071 | 0.1% | 2 |
| TERRENO RLTY CORP | [TRNO](https://holderbook.com/stocks/TRNO/) | $16.2M | 245,177 | 0.1% | 2 |
| ESSENTIAL PPTYS RLTY TR INC | [EPRT](https://holderbook.com/stocks/EPRT/) | $15.8M | 527,707 | 0.1% | 9 |
| SL GREEN RLTY CORP | [SLG](https://holderbook.com/stocks/SLG/) | $13.1M | 250,972 | 0.1% | 3 |
| SABRA HEALTH CARE REIT INC | [SBRA](https://holderbook.com/stocks/SBRA/) | $12.2M | 621,369 | 0.1% | 12 |
| EPR PPTYS | [EPR](https://holderbook.com/stocks/EPR/) | $11.6M | 200,183 | 0.1% | 1 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $10.3M | 598,765 | 0.1% | 2 |
| PARK HOTELS & RESORTS INC | [PK](https://holderbook.com/stocks/PK/) | $9.8M | 692,908 | 0.1% | 2 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $9.8M | 480,000 | 0.1% | 6 |
| NATIONAL STORAGE AFFILIATES | [NSA](https://holderbook.com/stocks/NSA/) | $7.8M | 172,054 | 0.1% | 2 |
| LINEAGE INC | [LINE](https://holderbook.com/stocks/LINE/) | $7.4M | 169,598 | 0.1% | 2 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $5.6M | 1,228,345 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.1% | +14.8% | -5.7% | 100% |
| Q1 2026 | +3.1% | -4.6% | +7.7% | 100% |
| Q4 2025 | -2.9% | +2.4% | -5.3% | 100% |
| Q3 2025 | +2.6% | +7.8% | -5.2% | 100% |
| Q2 2025 | -2.1% | +10.5% | -12.6% | 100% |
| Q1 2025 | -2.0% | -4.6% | +2.6% | 100% |
| Q4 2024 | -7.1% | +2.1% | -9.2% | 101% |
| Q3 2024 | +10.6% | +5.4% | +5.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $14.3B | 61 |
| Q1 2026 | $13.0B | 59 |
| Q4 2025 | $12.8B | 57 |
| Q3 2025 | $13.6B | 184 |
| Q2 2025 | $13.4B | 189 |
| Q1 2025 | $13.1B | 203 |
| Q4 2024 | $13.2B | 205 |
| Q3 2024 | $14.8B | 156 |
| Q2 2024 | $17.5B | 168 |
| Q1 2024 | $17.3B | 171 |
| Q4 2023 | $16.3B | 187 |
| Q3 2023 | $11.4B | 39 |