APG Asset Management US Inc.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| PROLOGIS INC. | PLD | $2.6B | 19,286,830 | -1.32pp | 31q | HELD | |
| DIGITAL RLTY TR INC | DLR | $1.5B | 8,619,693 | -1.33pp | 31q | HELD | |
| EQUINIX INC | EQIX | $1.2B | 1,194,365 | -0.68pp | 26q | HELD | |
| VENTAS INC | VTR | $1.0B | 11,314,857 | -0.04pp | 31q | HELD | |
| EQUITY RESIDENTIAL | EQR | $745.1M | 10,856,563 | +0.24pp | 31q | HELD | |
| PUBLIC STORAGE | PSA | $679.5M | 2,103,577 | +0.30pp | 31q | HELD | |
| ISHARES TR | HYG | $570.3M | 7,166,024 | +0.21pp | 11q | +15.6%+$77.1M | |
| REALTY INCOME CORP | O | $551.5M | 8,921,361 | -0.40pp | 31q | HELD | |
| BXP INC | BXP | $489.9M | 7,230,130 | +0.60pp | 31q | HELD | |
| INVITATION HOMES INC | INVH | $484.8M | 15,975,264 | +0.34pp | 31q | HELD | |
| MID-AMER APT CMNTYS INC | MAA | $432.4M | 3,089,712 | +0.11pp | 31q | HELD | |
| EXTRA SPACE STORAGE INC | EXR | $404.8M | 2,748,149 | +0.04pp | 31q | HELD | |
| WELLTOWER INC | WELL | $389.6M | 1,692,393 | +0.14pp | 14q | HELD | |
| ALEXANDRIA REAL ESTATE EQ IN | ARE | $370.1M | 6,981,310 | +0.26pp | 31q | HELD | |
| KIMCO REALTY CORP | KIM | $370.1M | 14,754,881 | +0.03pp | 31q | HELD | |
| COUSINS PPTYS INC | CUZ | $224.5M | 7,323,308 | +0.32pp | 29q | HELD | |
| HEALTHCARE RLTY TR | HR | $207.4M | 10,223,995 | +0.10pp | 16q | HELD | |
| REGENCY CTRS CORP | REG | $205.9M | 2,593,992 | -0.08pp | 31q | HELD | |
| AMERICOLD REALTY TRUST INC | COLD | $205.4M | 12,824,285 | +0.33pp | 31q | HELD | |
| SIMON PPTY GROUP INC NEW | SPG | $199.1M | 892,987 | +0.12pp | 31q | +1.4%+$2.8M | |
| KILROY REALTY CORP | KRC | $184.1M | 4,701,496 | +0.27pp | 31q | HELD | |
| IRON MTN INC DEL | IRM | $85.8M | 703,912 | +0.05pp | 9q | HELD | |
| ISHARES TR | LQD | $85.3M | 786,699 | +0.01pp | 6q | +12.6%+$9.5M | |
| VICI PPTYS INC | VICI | $74.8M | 2,847,561 | -0.08pp | 31q | HELD | |
| AVALONBAY CMNTYS INC | AVB | $67.9M | 356,542 | +0.02pp | 18q | HELD | |
| HOST HOTELS & RESORTS INC | HST | $56.5M | 2,419,699 | +0.04pp | 2q | HELD | |
| ESSEX PPTY TR INC | ESS | $47.2M | 159,780 | +0.03pp | 10q | HELD | |
| WP CAREY INC | WPC | $41.1M | 580,007 | -0.02pp | 22q | HELD | |
| SUN CMNTYS INC | SUI | $37.1M | 307,048 | -0.04pp | 29q | HELD | |
| HEALTHPEAK PROPERTIES INC | DOC | $36.0M | 1,664,514 | +0.04pp | 27q | HELD | |
| OMEGA HEALTHCARE INVS INC | OHI | $35.0M | 726,429 | flat | 3q | HELD | |
| UDR INC | UDR | $33.6M | 828,243 | +0.02pp | 9q | HELD | |
| FEDERAL RLTY INVT TR NEW | FRT | $32.5M | 269,876 | flat | 7q | -1.3%-$413.6K | |
| GAMING & LEISURE P | GLPI | $31.7M | 726,550 | -0.03pp | 2q | HELD | |
| EQUITY LIFESTYLE PROPERTIES | ELS | $31.3M | 481,719 | -0.02pp | 2q | HELD | |
| CAMDEN PPTY TR | CPT | $30.6M | 264,633 | +0.01pp | 2q | HELD | |
| BRIXMOR PPTY GROUP INC | BRX | $30.2M | 966,273 | -0.01pp | 10q | -1.2%-$372.2K | |
| AMERICAN HOMES 4 RENT | AMH | $27.7M | 820,421 | +0.02pp | 2q | HELD | |
| RYMAN HOSPITALITY PPTYS INC | RHP | $26.9M | 215,740 | +0.04pp | 24q | HELD | |
| EASTGROUP PPTYS INC | EGP | $26.3M | 128,218 | - | new | NEW | |
| VORNADO RLTY TR | VNO | $25.4M | 633,629 | +0.06pp | 9q | +4.0%+$977.7K | |
| AMERICAN HEALTHCARE REIT INC | AHR | $23.8M | 444,285 | +0.02pp | 8q | +7.8%+$1.7M | |
| NNN REIT INC | NNN | $23.3M | 500,350 | flat | 2q | HELD | |
| AGREE RLTY CORP | ADC | $23.1M | 302,617 | -0.02pp | 7q | HELD | |
| CUBESMART | CUBE | $22.5M | 561,129 | flat | 2q | +3.2%+$705.7K | |
| CARETRUST REIT INC | CTRE | $22.4M | 547,906 | flat | 2q | HELD | |
| KITE REALTY GROUP TRUST | KRG | $19.6M | 691,850 | +0.01pp | 2q | HELD | |
| FIRST INDL RLTY TR INC | FR | $19.1M | 309,950 | -0.01pp | 4q | HELD | |
| REXFORD INDL RLTY INC | REXR | $19.0M | 564,554 | -0.01pp | 8q | HELD | |
| STAG INDUSTRIAL INC | STAG | $17.3M | 452,071 | flat | 2q | HELD | |
| TERRENO RLTY CORP | TRNO | $16.2M | 245,177 | flat | 2q | HELD | |
| ESSENTIAL PPTYS RLTY TR INC | EPRT | $15.8M | 527,707 | -0.01pp | 9q | HELD | |
| SL GREEN RLTY CORP | SLG | $13.1M | 250,972 | +0.02pp | 3q | +2.2%+$275.9K | |
| SABRA HEALTH CARE REIT INC | SBRA | $12.2M | 621,369 | flat | 12q | +7.2%+$823.7K | |
| EPR PPTYS | EPR | $11.6M | 200,183 | - | new | NEW | |
| INDEPENDENCE RLTY TR INC | IRT | $10.3M | 598,765 | flat | 2q | HELD | |
| PARK HOTELS & RESORTS INC | PK | $9.8M | 692,908 | +0.01pp | 2q | HELD | |
| INVESCO EXCH TRADED FD TR II | BKLN | $9.8M | 480,000 | -0.01pp | 6q | HELD | |
| NATIONAL STORAGE AFFILIATES | NSA | $7.8M | 172,054 | flat | 2q | +1.8%+$135.2K | |
| LINEAGE INC | LINE | $7.4M | 169,598 | +0.01pp | 2q | HELD | |
| MEDICAL PROPERTIES TRUST INC | MPT | $5.6M | 1,228,345 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Real Estate | $13.6B | 95.2% |
| Other sectors | $9.8M | 0.1% |
| Not classified | $673.2M | 4.7% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $14.3B | 61 | 2 | 9 | 2 | 0 | 69.4% | 43 |
| Q1 2026 | $13.0B | 59 | 16 | 19 | 21 | 14 | 71.6% | 43 |
| Q4 2025 | $12.8B | 57 | 3 | 12 | 13 | 130 | 69.5% | 43 |
| Q3 2025 | $13.6B | 184 | 4 | 19 | 14 | 9 | 66.6% | 43 |
| Q2 2025 | $13.4B | 189 | 2 | 29 | 26 | 16 | 65.3% | 43 |
| Q1 2025 | $13.1B | 203 | 6 | 22 | 21 | 8 | 68.1% | 44 |
| Q4 2024 | $13.2B | 205 | 64 | 32 | 77 | 15 | 69.0% | 44 |
| Q3 2024 | $14.8B | 156 | 22 | 11 | 114 | 34 | 68.7% | 45 |
| Q2 2024 | $17.5B | 168 | 13 | 103 | 39 | 16 | 53.8% | 45 |
| Q1 2024 | $17.3B | 171 | 9 | 126 | 17 | 25 | 54.7% | 44 |
| Q4 2023 | $16.3B | 187 | 150 | 10 | 9 | 2 | 59.7% | 45 |
| Q3 2023 | $11.4B | 39 | 3 | 4 | 30 | 3 | 74.8% | 45 |
| Q2 2023 | $12.5B | 39 | 1 | 8 | 11 | 1 | 74.3% | 45 |
| Q1 2023 | $12.2B | 39 | 2 | 1 | 31 | 1 | 73.8% | 42 |
| Q4 2022 | $12.4B | 38 | 1 | 3 | 29 | 3 | 72.4% | 45 |
| Q3 2022 | $12.2B | 40 | 1 | 6 | 29 | 5 | 71.2% | 45 |
| Q2 2022 | $14.6B | 44 | 3 | 6 | 32 | 2 | 70.1% | 43 |
| Q1 2022 | $18.0B | 43 | 3 | 1 | 39 | 3 | 70.8% | 42 |
| Q4 2021 | $37.3B | 43 | 2 | 39 | 2 | 2 | 71.2% | 42 |
| Q3 2021 | $16.3B | 43 | 2 | 9 | 25 | 1 | 69.7% | 46 |
| Q2 2021 | $16.2B | 42 | 2 | 11 | 27 | 1 | 68.8% | 44 |
| Q1 2021 | $14.5B | 41 | 1 | 10 | 18 | 1 | 68.3% | 44 |
| Q4 2020 | $13.6B | 41 | 2 | 16 | 8 | 4 | 68.8% | 43 |
| Q3 2020 | $12.4B | 43 | 4 | 13 | 15 | 1 | 71.4% | 43 |
| Q2 2020 | $12.0B | 40 | 2 | 21 | 15 | 2 | 71.2% | 45 |
| Q1 2020 | $10.9B | 40 | 6 | 14 | 8 | 7 | 70.3% | 44 |
| Q4 2019 | $14.3B | 41 | 3 | 19 | 10 | 1 | 69.3% | 44 |
| Q3 2019 | $14.4B | 39 | 1 | 13 | 13 | 3 | 72.1% | 39 |
| Q2 2019 | $13.6B | 41 | 3 | 3 | 17 | 3 | 72.2% | 44 |
| Q1 2019 | $13.7B | 41 | 1 | 12 | 15 | 4 | 72.3% | 44 |
| Q4 2018 | $11.9B | 44 | 0 | 0 | 0 | 0 | 70.0% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.