Achmea Investment Management B.V.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), Achmea Investment Management B.V. reported 356 stock positions worth $6.9 billion. Its top holding was Apple (AAPL) at 6.3% of the portfolio, followed by Nvidia (NVDA, 5.4%) and Microsoft (MSFT, 5.0%). Compared with Q4 2024, it opened 18 new positions, sold out of 57, added to 226 and reduced 82. The biggest buy was Amgen (AMGN, shares +1266%) and the biggest sale an exit from Workday Class A (WDAY).

Most Recent 13F
Q2 2026
Location
ZEIST, P7
CIK
0001697765
Portfolio Value
$6.9B (Q1 2025)
SEC Filing
0001697765-25-000002 ↗ filed Apr 24, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $5.2B Q1 2024 Q2 2024: $5.6B Q2 2024 Q3 2024: $6.1B Q3 2024 Q4 2024: $6.1B Q4 2024 Q1 2025: $6.9B $6.9B Q1 2025 Q2 2025: $7.7B Q2 2025 Q3 2025: $8.0B Q3 2025 Q4 2025: $3.9B Q4 2025 Q1 2026: $3.8B Q1 2026 Q2 2026: $4.0B Q2 2026

Holdings 356 stocks · $6.9B

AAPL Apple Inc. 6.27% 1,936,510 $430.2M Add +16.4%
NVDA Nvidia Corp. 5.45% 3,449,881 $373.9M Add +16.0%
MSFT Microsoft Corp. 4.97% 908,778 $341.1M Add +14.9%
AMZN Amazon.com Inc. 3.22% 1,160,591 $220.8M Add +21.9%
META Meta Platforms Inc. Class A 2.53% 300,809 $173.4M Add +17.1%
GOOGL Alphabet Inc. Class A 2.05% 910,749 $140.8M Add +7.3%
JPM JPMorgan Chase & Co. 1.33% 371,715 $91.2M Add +21.6%
AVGO Broadcom Inc. 1.24% 510,366 $85.5M Add +36.7%
GOOG Alphabet Inc. Class C 1.21% 531,875 $83.1M Add +37.9%
WMT Walmart Inc. 1.11% 867,395 $76.1M Add +9.7%
ABBV Abbvie Inc. 1.08% 354,245 $74.2M Add +7.1%
COST Costco Wholesale Corp. 1.04% 75,252 $71.2M Add +9.4%
AMAT Applied Materials Inc. 0.99% 466,150 $67.6M Add +185.0%
TT Trane Technologies PLC 0.98% 199,225 $67.1M Add +28.1%
LRCX Lam Research Corp. 0.89% 844,023 $61.4M Add +213.2%
V Visa Inc. Class A 0.88% 171,875 $60.2M Add +13.3%
PG The Procter & Gamble Co. 0.85% 343,523 $58.5M Add +25.9%
KLAC KLA Corp. 0.85% 85,669 $58.2M Reduce -7.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.84% 232,800 $57.9M Add +5.6%
T AT&T Inc. 0.83% 2,014,989 $57.0M Reduce -0.1%
CSCO Cisco Systems Inc. 0.82% 907,445 $56.0M Add +54.5%
NFLX Netflix Inc. 0.81% 59,345 $55.3M Add +19.4%
RMD Resmed Inc. 0.78% 237,797 $53.2M Add +6.1%
LLY Eli Lilly & Co. 0.77% 63,830 $52.7M Add +8.5%
FTNT Fortinet Inc. 0.75% 538,009 $51.8M Add +420.7%
LII Lennox International Inc. 0.75% 91,338 $51.2M Add +22.4%
PANW Palo Alto Networks Inc. 0.73% 291,850 $49.8M Add +9.0%
UNH Unitedhealth Group Inc. 0.72% 94,604 $49.5M Add +24.7%
HD Home Depot Inc. 0.72% 134,643 $49.3M Add +10.7%
ADSK Autodesk Inc. 0.71% 187,102 $49.0M Add +11.5%
AMGN Amgen Inc. 0.68% 150,421 $46.9M Add +1266.0%
GILD Gilead Sciences Inc. 0.65% 401,212 $45.0M Add +60.1%
TMUS T-Mobile US Inc. 0.64% 164,873 $44.0M Reduce -2.2%
JNJ Johnson & Johnson 0.60% 248,227 $41.2M Add +15.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.60% 336,724 $41.0M Reduce -0.0%
BMY Bristol-Myers Squibb Co. 0.59% 665,947 $40.6M Add +180.9%
BKNG Booking Holdings Inc. 0.59% 8,751 $40.3M Add +17.3%
CAT Caterpillar Inc. 0.58% 121,134 $40.0M Add +11.5%
XYL Xylem Inc. 0.56% 323,705 $38.7M New
GEN Gen Digital Inc. 0.56% 1,454,610 $38.6M Add +40.2%
MCK McKesson Corp. 0.55% 56,375 $37.9M Add +14.2%
AXP American Express Co. 0.55% 140,081 $37.7M Add +18.2%
MA Mastercard Inc. Class A 0.55% 68,464 $37.5M Add +27.2%
VZ Verizon Communications Inc. 0.54% 823,139 $37.3M Add +25.2%
FISV Fiserv Inc. 0.54% 167,356 $37.0M Add +101.2%
MTD Mettler-Toledo International 0.54% 31,218 $36.9M Reduce -6.5%
CI The Cigna Group 0.54% 112,043 $36.9M Add +20.9%
CRM Salesforce Inc. 0.53% 135,710 $36.4M Add +30.4%
QCOM Qualcomm Inc. 0.53% 236,941 $36.4M Add +11.8%
HUBS HubSpot Inc. 0.53% 63,545 $36.3M Reduce -5.3%
MSI Motorola Solutions Inc. 0.50% 78,552 $34.4M Add +3.7%
CL Colgate-Palmolive Co. 0.50% 366,951 $34.4M Add +8.8%
BLK BlackRock Inc. 0.49% 35,858 $33.9M Reduce -3.9%
AFL Aflac Inc. 0.49% 302,150 $33.6M Add +2.2%
INTU Intuit Inc. 0.47% 52,143 $32.0M Add +22.6%
COR Cencora Inc. 0.46% 113,942 $31.7M Reduce -9.5%
RSG Republic Services Inc. 0.46% 130,196 $31.5M Add +19.2%
KMB Kimberly-Clark Corp. 0.45% 215,323 $30.6M Add +2.2%
KR Kroger Co. 0.45% 452,273 $30.6M Add +17.4%
HIG Hartford Insurance Group Inc. 0.44% 244,894 $30.3M Add +4.9%
CTAS Cintas Corp. 0.44% 146,670 $30.1M Add +6.3%
MDT Medtronic PLC 0.44% 334,812 $30.1M Add +74.4%
ADP Automatic Data Processing 0.41% 91,469 $27.9M Add +104.9%
MFC Manulife Financial Corp. 0.40% 889,777 $27.7M Add +4.4%
CAH Cardinal Health Inc. 0.39% 196,084 $27.0M Reduce -1.3%
AEM Agnico Eagle Mines Ltd. 0.39% 246,641 $26.7M Add +13.5%
VLO Valero Energy Corp. 0.39% 201,103 $26.6M Add +26.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.38% 620,375 $25.9M Add +48.2%
EBAY eBay Inc. 0.38% 381,912 $25.9M Add +28.5%
PAYX Paychex Inc. 0.37% 165,042 $25.5M Add +32.2%
EXC Exelon Corp. 0.37% 546,111 $25.2M New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.36% 25,202 $24.9M Add +5.9%
ADBE Adobe Inc. 0.36% 64,029 $24.6M Add +25.8%
VRSN Verisign Inc. 0.36% 96,636 $24.5M Add +404.8%
GE General Electric filed as GE AEROSPACE 0.35% 119,074 $23.8M Reduce -0.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.35% 282,925 $23.7M Add +3.5%
ACN Accenture PLC Class A 0.34% 75,708 $23.6M Add +10.2%
MCO Moody's Corp. 0.34% 50,669 $23.6M Add +11.6%
TRGP Targa Resources Corp. 0.34% 116,890 $23.4M Add +36.1%
DGX Quest Diagnostics Inc. 0.34% 136,466 $23.1M Reduce -1.2%
GM General Motors Co. 0.33% 488,715 $23.0M Add +50.8%
LOW Lowe's Cos Inc. 0.33% 98,530 $23.0M Add +5.8%
GDDY GoDaddy Inc. Class A 0.33% 127,478 $23.0M Add +2.2%
SNA Snap-on Inc. 0.33% 67,508 $22.8M Add +57.2%
HPQ HP Inc. 0.33% 817,597 $22.6M Add +4.4%
BKR Baker Hughes Co. 0.32% 505,472 $22.2M Add +44.6%
SSNC Ss&c Technologies Holdings 0.32% 264,663 $22.1M Add +32.4%
EA Electronic Arts Inc. 0.32% 152,717 $22.1M Add +21.1%
AIG American International Group 0.32% 253,149 $22.0M Add +29.8%
SYF Synchrony Financial 0.32% 414,320 $21.9M Add +251.5%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.32% 384,637 $21.6M Add +18.1%
AKAM Akamai Technologies Inc. 0.32% 268,640 $21.6M New
WFC Wells Fargo & Co. 0.31% 300,844 $21.6M Add +19.5%
FFIV F5 Inc. 0.31% 81,022 $21.6M Add +6.6%
SPG Simon Property Group Inc. 0.31% 129,886 $21.6M Add +32.9%
STT State Street Corp. 0.31% 237,260 $21.2M Add +3.5%
TRP TC Energy Corp. 0.31% 449,070 $21.2M Add +4.8%
VRSK Verisk Analytics Inc. 0.31% 71,028 $21.1M Add +1349.0%
WSM Williams-Sonoma Inc. 0.31% 133,412 $21.1M Add +45.6%
LNG Cheniere Energy Inc. 0.30% 90,489 $20.9M Add +301.6%

Show all 356 holdings

Portfolio Sells Q4 2024 → Q1 2025

WDAY Workday Inc. Class A Sold out 0.00% −0.83
NVR NVR Inc. Sold out 0.00% −0.27
HUBS HubSpot Inc. Reduce -5.3% 0.53% −0.24
TREX Trex Company Inc. Sold out 0.00% −0.20
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.18
DHI D.R. Horton Inc. Reduce -83.3% 0.03% −0.17
AMD Advanced Micro Devices Sold out 0.00% −0.15
ABNB Airbnb Inc. Class A Reduce -90.0% 0.01% −0.15
TEVA Teva Pharmaceutical-SP ADR Reduce -14.2% 0.17% −0.15
EIX Edison International Reduce -64.2% 0.04% −0.14
BLK BlackRock Inc. Reduce -3.9% 0.49% −0.13
MTD Mettler-Toledo International Reduce -6.5% 0.54% −0.13
DHR Danaher Corp. Sold out 0.00% −0.13
CME Cme Group Inc. Reduce -52.4% 0.11% −0.12
NRG NRG Energy Inc. Reduce -32.9% 0.20% −0.12
KLAC KLA Corp. Reduce -7.7% 0.85% −0.11
CHKP Check Point Software Tech Reduce -52.7% 0.12% −0.11
AOS Smith (a.o.) Corp. Reduce -60.8% 0.05% −0.10
DOCU Docusign Inc. Reduce -15.2% 0.20% −0.10
FERG Ferguson Enterprises Inc. Reduce -39.2% 0.09% −0.10
GIB Cgi Inc. Reduce -58.5% 0.05% −0.10
DELL Dell Technologies -C Reduce -28.9% 0.09% −0.10
EXPD Expeditors Intl Wash Inc. Reduce -83.9% 0.02% −0.09
APH Amphenol Corp. Class A Reduce -9.2% 0.28% −0.09
ROST Ross Stores Inc. Reduce -28.4% 0.10% −0.09
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.08
ORCL Oracle Corp. Reduce -22.0% 0.11% −0.08
ELV Elevance Health Inc. Reduce -54.8% 0.07% −0.08
AMT American Tower Corp. Sold out 0.00% −0.07
IRM Iron Mountain Inc. Sold out 0.00% −0.07
TJX TJX Companies Inc. Reduce -0.0% 0.60% −0.07
BDX Becton Dickinson and Co. Sold out 0.00% −0.07
HPE Hewlett Packard Enterprise Reduce -21.3% 0.07% −0.07
DKS Dick's Sporting Goods Inc. Reduce -50.8% 0.04% −0.07
IT Gartner Inc. Reduce -20.6% 0.11% −0.07
DINO HF Sinclair Corp. Reduce -88.9% 0.01% −0.07
MSTR Strategy Inc. Reduce -94.1% 0.00% −0.07
CNC Centene Corp. Reduce -66.0% 0.03% −0.07
JBL Jabil Inc. Reduce -65.8% 0.03% −0.07
MU Micron Technology Inc. Sold out 0.00% −0.06
ARE Alexandria Real Estate Equit Sold out 0.00% −0.06
KO The Coca-Cola Co. Reduce -28.9% 0.16% −0.06
PH Parker Hannifin Corp. Reduce -22.0% 0.12% −0.06
GRMN Garmin Ltd. Reduce -36.7% 0.08% −0.06
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.06
PLD Prologis Inc. Sold out 0.00% −0.06
CSL Carlisle Cos Inc. Reduce -7.5% 0.16% −0.05
MTCH Match Group Inc. Reduce -61.8% 0.03% −0.05
EW Edwards Lifesciences Corp. Sold out 0.00% −0.05
TRI Thomson Reuters Corp. Reduce -85.9% 0.01% −0.05

Portfolio Buys Q4 2024 → Q1 2025

AMGN Amgen Inc. Add +1266.0% 0.68% +0.64
FTNT Fortinet Inc. Add +420.7% 0.75% +0.59
LRCX Lam Research Corp. Add +213.2% 0.89% +0.57
XYL Xylem Inc. New 0.56% +0.56
AMAT Applied Materials Inc. Add +185.0% 0.99% +0.55
BMY Bristol-Myers Squibb Co. Add +180.9% 0.59% +0.37
EXC Exelon Corp. New 0.37% +0.37
AKAM Akamai Technologies Inc. New 0.32% +0.32
VRSN Verisign Inc. Add +404.8% 0.36% +0.29
VRSK Verisk Analytics Inc. Add +1349.0% 0.31% +0.29
GILD Gilead Sciences Inc. Add +60.1% 0.65% +0.27
FISV Fiserv Inc. Add +101.2% 0.54% +0.26
CSCO Cisco Systems Inc. Add +54.5% 0.82% +0.24
LNG Cheniere Energy Inc. Add +301.6% 0.30% +0.23
CRH CRH PLC New 0.20% +0.20
SYF Synchrony Financial Add +251.5% 0.32% +0.19
ADP Automatic Data Processing Add +104.9% 0.41% +0.19
MDT Medtronic PLC Add +74.4% 0.44% +0.19
CCK Crown Holdings Inc. New 0.16% +0.16
NTRS Northern Trust Corp. Add +1299.7% 0.17% +0.15
JPM JPMorgan Chase & Co. Add +21.6% 1.33% +0.12
CI The Cigna Group Add +20.9% 0.54% +0.12
ABBV Abbvie Inc. Add +7.1% 1.08% +0.11
VZ Verizon Communications Inc. Add +25.2% 0.54% +0.11
AEM Agnico Eagle Mines Ltd. Add +13.5% 0.39% +0.11
CVNA Carvana Co. Add +108.3% 0.23% +0.11
PG The Procter & Gamble Co. Add +25.9% 0.85% +0.10
RSG Republic Services Inc. Add +19.2% 0.46% +0.10
GEN Gen Digital Inc. Add +40.2% 0.56% +0.10
RPM RPM International Inc. Add +94.7% 0.24% +0.09
SNA Snap-on Inc. Add +57.2% 0.33% +0.09
UNH Unitedhealth Group Inc. Add +24.7% 0.72% +0.09
MCK McKesson Corp. Add +14.2% 0.55% +0.09
JNJ Johnson & Johnson Add +15.7% 0.60% +0.09
TRGP Targa Resources Corp. Add +36.1% 0.34% +0.09
B Barrick Gold Corp. Add +45.5% 0.23% +0.09
V Visa Inc. Class A Add +13.3% 0.88% +0.09
ABT Abbott Laboratories Add +43.4% 0.27% +0.09
BKR Baker Hughes Co. Add +44.6% 0.32% +0.09
BSX Boston Scientific Corp. Add +42.5% 0.29% +0.09
AIG American International Group Add +29.8% 0.32% +0.09
PAYX Paychex Inc. Add +32.2% 0.37% +0.08
MA Mastercard Inc. Class A Add +27.2% 0.55% +0.08
NFLX Netflix Inc. Add +19.4% 0.81% +0.08
BAC Bank of America Corp. Add +48.2% 0.38% +0.07
EBAY eBay Inc. Add +28.5% 0.38% +0.07
EME Emcor Group Inc. Add +95.4% 0.25% +0.07
SSNC Ss&c Technologies Holdings Add +32.4% 0.32% +0.07
HCA HCA Healthcare Inc. Add +31.4% 0.29% +0.07
PFE Pfizer Inc. Add +194.2% 0.12% +0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 115$4.0BNVDA, GOOGL, AVGO, GOOG, LRCX
Q1 2026 108$3.8BNVDA, GOOGL, META, AVGO, GOOG
Q4 2025 123$3.9BNVDA, GOOGL, META, AVGO, GOOG
Q3 2025 296$8.0BNVDA, AAPL, MSFT, AMZN, GOOGL
Q2 2025 328$7.7BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 356$6.9BAAPL, NVDA, MSFT, AMZN, META
Q4 2024 394$6.1BAAPL, NVDA, MSFT, AMZN, GOOGL
Q3 2024 404$6.1BAAPL, MSFT, NVDA, AMZN, GOOGL
Q2 2024 407$5.6BMSFT, AAPL, NVDA, AMZN, GOOGL
Q1 2024 423$5.2BMSFT, AAPL, NVDA, AMZN, GOOGL