Achmea Investment Management B.V.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 21, 2025), Achmea Investment Management B.V. reported 296 stock positions worth $8.0 billion. Its top holding was Nvidia (NVDA) at 8.2% of the portfolio, followed by Apple (AAPL, 6.4%) and Microsoft (MSFT, 6.1%). Compared with Q2 2025, it opened 9 new positions, sold out of 41, added to 125 and reduced 71. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale an exit from Meta Platforms Class A (META).

Most Recent 13F
Q2 2026
Location
ZEIST, P7
CIK
0001697765
Portfolio Value
$8.0B (Q3 2025)
SEC Filing
0001697765-25-000007 ↗ filed Nov 21, 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 Q1 2025 Q2 2025: $7.7B Q2 2025 Q3 2025: $8.0B $8.0B Q3 2025 Q4 2025: $3.9B Q4 2025 Q1 2026: $3.8B Q1 2026 Q2 2026: $4.0B Q2 2026

Holdings 296 stocks · $8.0B
NVDA Nvidia Corp. 8.23% 3,549,405 $662.2M Reduce -0.8%
AAPL Apple Inc. 6.40% 2,021,144 $514.6M Add +0.8%
MSFT Microsoft Corp. 6.11% 949,310 $491.7M Add +1.7%
AMZN Amazon.com Inc. 3.14% 1,149,604 $252.4M Reduce -4.0%
GOOGL Alphabet Inc. Class A 2.84% 940,227 $228.6M Reduce -4.1%
AVGO Broadcom Inc. 2.28% 556,753 $183.7M Add +0.9%
JPM JPMorgan Chase & Co. 1.76% 447,946 $141.3M Add +1.8%
GOOG Alphabet Inc. Class C 1.69% 557,250 $135.7M Add +0.8%
KLAC KLA Corp. 1.40% 104,507 $112.7M Add +6.2%
AMAT Applied Materials Inc. 1.33% 522,534 $107.0M Add +4.2%
TT Trane Technologies PLC 1.06% 202,267 $85.3M Add +3.4%
ABBV Abbvie Inc. 1.05% 364,339 $84.4M Add +1.6%
NFLX Netflix Inc. 1.03% 69,204 $83.0M Add +1.0%
WMT Walmart Inc. 1.01% 791,594 $81.6M Reduce -1.8%
JNJ Johnson & Johnson 0.92% 400,291 $74.2M Add +21.7%
CSCO Cisco Systems Inc. 0.90% 1,062,790 $72.7M Add +3.9%
COST Costco Wholesale Corp. 0.83% 71,953 $66.6M Reduce -10.5%
ADSK Autodesk Inc. 0.78% 196,431 $62.4M Add +2.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.77% 220,243 $62.1M Reduce -8.1%
T AT&T Inc. 0.76% 2,169,983 $61.3M Add +3.4%
HD Home Depot Inc. 0.76% 150,613 $61.0M Add +3.4%
V Visa Inc. Class A 0.76% 178,468 $60.9M Add +1.0%
CAT Caterpillar Inc. 0.75% 127,258 $60.7M Reduce -0.5%
FTNT Fortinet Inc. 0.71% 682,711 $57.4M Add +16.6%
AMGN Amgen Inc. 0.71% 202,584 $57.2M Add +0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.71% 392,725 $56.8M Add +4.8%
PANW Palo Alto Networks Inc. 0.69% 270,933 $55.2M Reduce -8.1%
GILD Gilead Sciences Inc. 0.66% 480,352 $53.3M Add +5.4%
QCOM Qualcomm Inc. 0.66% 317,559 $52.8M Add +23.6%
CDNS Cadence Design SYS Inc. 0.63% 144,041 $50.6M New
BKNG Booking Holdings Inc. 0.63% 9,367 $50.6M Add +0.6%
LII Lennox International Inc. 0.60% 91,071 $48.2M Reduce -3.0%
TD Toronto-Dominion Bank 0.59% 593,498 $47.5M Add +8.3%
MCK McKesson Corp. 0.59% 61,287 $47.3M Add +7.5%
LLY Eli Lilly & Co. 0.59% 61,849 $47.2M Reduce -4.2%
BMY Bristol-Myers Squibb Co. 0.57% 1,009,890 $45.5M Add +16.2%
XYL Xylem Inc. 0.55% 300,534 $44.3M Reduce -11.7%
AXP American Express Co. 0.55% 133,337 $44.3M Reduce -2.0%
MA Mastercard Inc. Class A 0.54% 76,784 $43.7M Add +3.3%
MS Morgan Stanley 0.53% 265,884 $42.3M Add +60.0%
VZ Verizon Communications Inc. 0.52% 951,983 $41.8M Add +2.9%
MTD Mettler-Toledo International 0.50% 32,920 $40.4M Add +1.3%
NEM Newmont Corp. 0.50% 472,867 $39.9M Add +254.6%
TMUS T-Mobile US Inc. 0.48% 162,166 $38.8M Add +0.1%
HUBS HubSpot Inc. 0.48% 82,219 $38.5M Add +31.1%
UNH Unitedhealth Group Inc. 0.47% 109,766 $37.9M Reduce -1.1%
RMD Resmed Inc. 0.47% 138,375 $37.9M Reduce -41.8%
KR Kroger Co. 0.46% 544,175 $36.7M Add +16.8%
CRM Salesforce Inc. 0.45% 151,673 $35.9M Add +2.3%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.44% 442,573 $35.4M Add +0.2%
GS Goldman Sachs Group Inc. 0.44% 44,188 $35.2M Add +13.0%
COR Cencora Inc. 0.44% 112,575 $35.2M Add +1.0%
APH Amphenol Corp. Class A 0.44% 284,231 $35.2M Reduce -2.5%
PG The Procter & Gamble Co. 0.44% 228,035 $35.0M Reduce -38.5%
MDT Medtronic PLC 0.42% 355,081 $33.8M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.42% 653,263 $33.7M Add +1.1%
CTAS Cintas Corp. 0.41% 162,334 $33.3M Add +2.4%
EBAY eBay Inc. 0.41% 365,266 $33.2M Reduce -5.8%
HCA HCA Healthcare Inc. 0.41% 77,557 $33.1M Add +47.7%
CI The Cigna Group 0.41% 113,340 $32.7M Add +1.0%
CAH Cardinal Health Inc. 0.40% 203,341 $31.9M Add +4.3%
PYPL PayPal Holdings Inc. 0.40% 474,631 $31.8M Add +127.9%
ORCL Oracle Corp. 0.38% 109,421 $30.8M Add +39.1%
FAST Fastenal Co. 0.38% 618,581 $30.3M Add +66.3%
GM General Motors Co. 0.38% 497,253 $30.3M Add +1.3%
EME Emcor Group Inc. 0.37% 46,212 $30.0M Reduce -13.1%
TRP TC Energy Corp. 0.37% 551,113 $30.0M No change
RSG Republic Services Inc. 0.37% 130,061 $29.8M Add +0.9%
STT State Street Corp. 0.37% 254,446 $29.5M Add +3.3%
VRSN Verisign Inc. 0.37% 105,473 $29.5M Add +2.5%
SYF Synchrony Financial 0.37% 413,448 $29.4M Reduce -6.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.36% 269,071 $29.3M Reduce -4.8%
VLO Valero Energy Corp. 0.36% 170,936 $29.1M Reduce -2.5%
MFC Manulife Financial Corp. 0.36% 933,388 $29.1M Add +10.2%
INTU Intuit Inc. 0.36% 42,311 $28.9M Add +1.0%
HIG Hartford Insurance Group Inc. 0.36% 214,831 $28.7M No change
WSM Williams-Sonoma Inc. 0.36% 146,321 $28.6M Reduce -10.4%
AEM Agnico Eagle Mines Ltd. 0.35% 166,504 $28.1M No change
EA Electronic Arts Inc. 0.35% 138,300 $27.9M Add +0.1%
DGX Quest Diagnostics Inc. 0.34% 144,209 $27.5M Add +5.2%
FFIV F5 Inc. 0.34% 84,811 $27.4M Reduce -1.7%
NRG NRG Energy Inc. 0.34% 168,994 $27.4M Reduce -8.0%
EXC Exelon Corp. 0.34% 602,527 $27.1M Add +0.1%
TPR Tapestry Inc. 0.34% 238,761 $27.0M New
F Ford Motor Co. filed as FORD MTR CO 0.34% 2,255,745 $27.0M Add +37.5%
NTRS Northern Trust Corp. 0.33% 196,904 $26.5M Add +71.2%
BKR Baker Hughes Co. 0.33% 543,571 $26.5M Reduce -7.2%
EXPE Expedia Group Inc. 0.33% 123,531 $26.4M Add +37.4%
ACN Accenture PLC Class A 0.33% 106,658 $26.3M Add +2.6%
LOW Lowe's Cos Inc. 0.32% 103,621 $26.0M Add +7.2%
ADP Automatic Data Processing 0.32% 87,378 $25.6M Reduce -7.9%
JBL Jabil Inc. 0.32% 117,915 $25.6M Reduce -0.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.32% 744,320 $25.6M Add +134.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.32% 26,610 $25.4M Add +2.9%
KMB Kimberly-Clark Corp. 0.31% 203,732 $25.3M Reduce -1.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.31% 246,301 $25.3M New
KGC Kinross Gold Corp. 0.31% 1,016,357 $25.2M Add +0.5%
MNST Monster Beverage Corp. 0.30% 363,683 $24.5M No change
SPG Simon Property Group Inc. 0.30% 130,329 $24.5M No change
ADBE Adobe Inc. 0.30% 68,431 $24.1M Add +57.9%

Show all 296 holdings

Portfolio Sells Q2 2025 → Q3 2025
META Meta Platforms Inc. Class A Sold out 0.00% −2.98
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.55
PG The Procter & Gamble Co. Reduce -38.5% 0.44% −0.33
AFL Aflac Inc. Reduce -86.6% 0.05% −0.32
RMD Resmed Inc. Reduce -41.8% 0.47% −0.32
TRGP Targa Resources Corp. Reduce -92.4% 0.02% −0.29
AMZN Amazon.com Inc. Reduce -4.0% 3.14% −0.25
ANET Arista Networks Inc. Sold out 0.00% −0.21
PSA Public Storage Sold out 0.00% −0.21
PAYX Paychex Inc. Reduce -62.0% 0.09% −0.20
COST Costco Wholesale Corp. Reduce -10.5% 0.83% −0.20
CVNA Carvana Co. Reduce -67.5% 0.11% −0.20
ISRG Intuitive Surgical Inc. Reduce -72.1% 0.05% −0.19
DASH DoorDash Inc. Class A Sold out 0.00% −0.18
CRH CRH PLC Sold out 0.00% −0.17
MSI Motorola Solutions Inc. Reduce -40.3% 0.28% −0.17
ED Consolidated Edison Inc. Reduce -76.5% 0.04% −0.14
IBM Intl Business Machines Corp. Reduce -8.1% 0.77% −0.14
RPM RPM International Inc. Sold out 0.00% −0.13
GLPI Gaming and Leisure Propertie Reduce -72.5% 0.04% −0.12
FUTU Futu Holdings Ltd.-ADR Sold out 0.00% −0.11
REG Regency Centers Corp. Sold out 0.00% −0.11
LII Lennox International Inc. Reduce -3.0% 0.60% −0.10
PANW Palo Alto Networks Inc. Reduce -8.1% 0.69% −0.09
VMRK Vivmark Residential Sold out 0.00% −0.09
WSO Watsco Inc. Sold out 0.00% −0.09
MSTR Strategy Inc. Reduce -94.9% 0.00% −0.09
ELV Elevance Health Inc. Sold out 0.00% −0.09
MELI MercadoLibre Inc. Reduce -39.4% 0.09% −0.09
RIVN Rivian Automotive Inc. Class A Sold out 0.00% −0.08
PKG Packaging Corp. of America Sold out 0.00% −0.08
OTIS Otis Worldwide Corp. Sold out 0.00% −0.08
GDDY GoDaddy Inc. Class A Reduce -0.5% 0.22% −0.08
WELL Welltower Inc. Sold out 0.00% −0.08
VRSK Verisk Analytics Inc. Reduce -1.3% 0.26% −0.08
LEN Lennar Corp. Class A Reduce -73.6% 0.03% −0.07
LLY Eli Lilly & Co. Reduce -4.2% 0.59% −0.06
AVB Avalonbay Communities Inc. Sold out 0.00% −0.06
SHW The Sherwin-Williams Co. Reduce -48.5% 0.06% −0.06
ADP Automatic Data Processing Reduce -7.9% 0.32% −0.06
VTR Ventas Inc. Sold out 0.00% −0.05
PAAS Pan American Silver Corp. Reduce -71.8% 0.03% −0.05
TEVA Teva Pharmaceutical-SP ADR Reduce -40.8% 0.10% −0.05
ESS Essex Property Trust Inc. Reduce -36.4% 0.06% −0.04
KO The Coca-Cola Co. Reduce -22.6% 0.10% −0.04
ACI Albertsons Cos Inc. Class A Reduce -3.6% 0.13% −0.04
NRG NRG Energy Inc. Reduce -8.0% 0.34% −0.04
ABNB Airbnb Inc. Class A Sold out 0.00% −0.03
EIX Edison International Sold out 0.00% −0.03
AKAM Akamai Technologies Inc. Reduce -3.3% 0.24% −0.03

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +0.8% 6.40% +1.09
CDNS Cadence Design SYS Inc. New 0.63% +0.63
GOOG Alphabet Inc. Class C Add +0.8% 1.69% +0.42
NEM Newmont Corp. Add +254.6% 0.50% +0.40
TPR Tapestry Inc. New 0.34% +0.34
AVGO Broadcom Inc. Add +0.9% 2.28% +0.32
TROW T Rowe Price Group Inc. New 0.31% +0.31
JNJ Johnson & Johnson Add +21.7% 0.92% +0.27
KLAC KLA Corp. Add +6.2% 1.40% +0.26
MS Morgan Stanley Add +60.0% 0.53% +0.22
PYPL PayPal Holdings Inc. Add +127.9% 0.40% +0.20
ABBV Abbvie Inc. Add +1.6% 1.05% +0.19
SLB SLB Ltd. Add +134.7% 0.32% +0.18
FAST Fastenal Co. Add +66.3% 0.38% +0.18
ORCL Oracle Corp. Add +39.1% 0.38% +0.16
HCA HCA Healthcare Inc. Add +47.7% 0.41% +0.15
AMAT Applied Materials Inc. Add +4.2% 1.33% +0.14
NTRS Northern Trust Corp. Add +71.2% 0.33% +0.14
ROK Rockwell Automation Inc. New 0.13% +0.13
EXPE Expedia Group Inc. Add +37.4% 0.33% +0.13
QCOM Qualcomm Inc. Add +23.6% 0.66% +0.13
PH Parker Hannifin Corp. Add +79.3% 0.27% +0.13
MSFT Microsoft Corp. Add +1.7% 6.11% +0.12
DLTR Dollar Tree Inc. New 0.11% +0.11
IDXX Idexx Laboratories Inc. Add +319.9% 0.14% +0.11
JPM JPMorgan Chase & Co. Add +1.8% 1.76% +0.11
KGC Kinross Gold Corp. Add +0.5% 0.31% +0.11
TJX TJX Companies Inc. Add +4.8% 0.71% +0.11
MGA Magna International Inc. New 0.11% +0.11
F Ford Motor Co. Add +37.5% 0.34% +0.11
UAL United Airlines Holdings Inc. Add +2103.8% 0.11% +0.10
ITW Illinois Tool Works Add +59.8% 0.25% +0.10
PNR Pentair PLC Add +86.9% 0.19% +0.09
JCI Johnson Controls Internation Add +2016.9% 0.10% +0.09
BBY Best Buy Co. Inc. Add +45.4% 0.25% +0.09
ADBE Adobe Inc. Add +57.9% 0.30% +0.08
GS Goldman Sachs Group Inc. Add +13.0% 0.44% +0.08
ULTA Ulta Beauty Inc. Add +27.8% 0.26% +0.08
TD Toronto-Dominion Bank Add +8.3% 0.59% +0.07
AMD Advanced Micro Devices Add +160.2% 0.11% +0.07
HD Home Depot Inc. Add +3.4% 0.76% +0.07
CSL Carlisle Cos Inc. Add +69.2% 0.23% +0.07
PFE Pfizer Inc. Add +62.1% 0.17% +0.07
GM General Motors Co. Add +1.3% 0.38% +0.07
EA Electronic Arts Inc. Add +0.1% 0.35% +0.06
WDC Western Digital Corp. Add +17.9% 0.11% +0.06
CTSH Cognizant Tech Solutions-A Add +58.3% 0.25% +0.06
OTEX Open Text Corp. Add +351.2% 0.07% +0.06
DB Deutsche Bank AG-Registered New 0.06% +0.06
MCK McKesson Corp. Add +7.5% 0.59% +0.05

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