# APG Asset Management N.V.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1434819. Source: https://holderbook.com/funds/1434819-apg-asset-management-n-v/

- Reported value: $40.7B
- Positions: 493
- Weight of the ten largest: 34.1%
- 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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.9B | 10,963,644 | 4.7% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.9B | 7,377,107 | 4.6% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.8B | 5,525,436 | 4.4% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.6B | 4,928,833 | 4.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.5B | 7,314,985 | 3.7% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.5B | 1,445,196 | 3.6% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3B | 1,210,321 | 3.1% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.0B | 3,554,331 | 2.5% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $816.5M | 1,606,963 | 2.0% | 30 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $576.3M | 4,718,628 | 1.4% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $563.7M | 1,254,871 | 1.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $549.9M | 1,256,456 | 1.4% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $528.5M | 645,893 | 1.3% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $481.5M | 1,604,485 | 1.2% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $453.5M | 4,577,575 | 1.1% | 8 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $439.7M | 695,240 | 1.1% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $423.2M | 1,116,451 | 1.0% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $373.7M | 3,637,867 | 0.9% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $355.1M | 1,613,385 | 0.9% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $343.5M | 1,537,554 | 0.8% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $323.1M | 2,174,709 | 0.8% | 7 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $308.6M | 1,169,445 | 0.8% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $308.1M | 942,446 | 0.8% | 20 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $296.8M | 5,954,499 | 0.7% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $289.8M | 2,186,625 | 0.7% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $288.5M | 793,553 | 0.7% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $279.8M | 907,144 | 0.7% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $272.6M | 2,125,614 | 0.7% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $266.5M | 607,825 | 0.7% | 31 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $258.9M | 788,610 | 0.6% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $253.9M | 2,259,422 | 0.6% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $248.5M | 3,495,710 | 0.6% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $227.6M | 3,643,985 | 0.6% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $224.1M | 1,172,974 | 0.6% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $221.0M | 249,833 | 0.5% | 31 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $213.2M | 530,872 | 0.5% | 5 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $212.6M | 1,174,215 | 0.5% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $209.7M | 105,465 | 0.5% | 1 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $206.6M | 4,191,192 | 0.5% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $205.6M | 452,991 | 0.5% | 14 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $203.1M | 680,760 | 0.5% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $200.1M | 767,401 | 0.5% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $197.4M | 716,904 | 0.5% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $189.0M | 1,033,824 | 0.5% | 7 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $188.7M | 1,223,781 | 0.5% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $187.7M | 1,464,351 | 0.5% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $185.7M | 533,954 | 0.5% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $178.7M | 2,472,339 | 0.4% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $177.6M | 1,450,663 | 0.4% | 7 |
| WEST PHARMACEUTICAL SVSC INC | [WST](https://holderbook.com/stocks/WST/) | $176.0M | 560,582 | 0.4% | 27 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $169.6M | 428,004 | 0.4% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $168.7M | 647,571 | 0.4% | 21 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $164.8M | 793,732 | 0.4% | 8 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $163.6M | 516,533 | 0.4% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $161.4M | 191,218 | 0.4% | 21 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $145.3M | 1,226,499 | 0.4% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $143.8M | 257,374 | 0.4% | 31 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $142.0M | 603,641 | 0.3% | 21 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $137.9M | 3,724,508 | 0.3% | 31 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $135.9M | 729,388 | 0.3% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $134.8M | 201,932 | 0.3% | 25 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $133.4M | 1,738,108 | 0.3% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $132.4M | 819,133 | 0.3% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $132.3M | 1,197,619 | 0.3% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $129.1M | 436,219 | 0.3% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $128.2M | 368,948 | 0.3% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $126.7M | 535,723 | 0.3% | 31 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $125.6M | 1,750,876 | 0.3% | 26 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $118.0M | 316,601 | 0.3% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $117.9M | 212,493 | 0.3% | 26 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $112.7M | 1,339,131 | 0.3% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $112.7M | 473,769 | 0.3% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $111.4M | 1,380,032 | 0.3% | 31 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $107.7M | 421,185 | 0.3% | 27 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $107.7M | 437,217 | 0.3% | 17 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $107.7M | 542,390 | 0.3% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $104.8M | 124,614 | 0.3% | 7 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $103.6M | 5,721,745 | 0.3% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $103.6M | 1,641,018 | 0.3% | 7 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $103.0M | 273,002 | 0.3% | 31 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $101.9M | 234,624 | 0.3% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $101.4M | 1,277,843 | 0.2% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $98.1M | 329,176 | 0.2% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $97.9M | 217,309 | 0.2% | 4 |
| MSA SAFETY INC | [MSA](https://holderbook.com/stocks/MSA/) | $97.5M | 638,713 | 0.2% | 27 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $97.4M | 332,544 | 0.2% | 10 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $95.5M | 956,521 | 0.2% | 29 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $95.5M | 696,908 | 0.2% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $94.6M | 798,224 | 0.2% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $89.3M | 508,684 | 0.2% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $88.0M | 4,179,623 | 0.2% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $88.0M | 102,879 | 0.2% | 31 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $87.5M | 132,469 | 0.2% | 31 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $85.4M | 425,155 | 0.2% | 28 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $85.2M | 1,691,386 | 0.2% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $85.1M | 510,595 | 0.2% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $83.4M | 921,886 | 0.2% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $82.5M | 427,657 | 0.2% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $81.2M | 1,012,003 | 0.2% | 17 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $80.8M | 354,730 | 0.2% | 25 |

## 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 | +14.4% | +14.8% | -0.5% | 115% |
| Q1 2026 | -7.3% | -4.6% | -2.7% | 117% |
| Q4 2025 | +1.1% | +2.4% | -1.3% | 117% |
| Q3 2025 | +5.7% | +7.8% | -2.1% | 117% |
| Q2 2025 | +10.4% | +10.5% | -0.0% | 108% |
| Q1 2025 | -4.4% | -4.6% | +0.2% | 104% |
| Q4 2024 | -2.7% | +2.1% | -4.9% | 112% |
| Q3 2024 | +6.8% | +5.4% | +1.3% | 107% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $40.7B | 493 |
| Q1 2026 | $31.6B | 513 |
| Q4 2025 | $35.2B | 540 |
| Q3 2025 | $35.6B | 528 |
| Q2 2025 | $33.8B | 539 |
| Q1 2025 | $32.2B | 548 |
| Q4 2024 | $35.9B | 548 |
| Q3 2024 | $15.1B | 407 |
| Q2 2024 | $56.1B | 650 |
| Q1 2024 | $57.1B | 716 |
| Q4 2023 | $51.3B | 717 |
| Q3 2023 | $48.9B | 735 |