Achmea Investment Management B.V.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Achmea Investment Management B.V. reported 123 stock positions worth $3.9 billion. Its top holding was Nvidia (NVDA) at 16.6% of the portfolio, followed by Alphabet Class A (GOOGL, 7.3%) and Meta Platforms Class A (META, 5.0%). Compared with Q3 2025, it opened 19 new positions, sold out of 192, added to 21 and reduced 57. The biggest buy was a new position in Meta Platforms Class A (META) and the biggest sale an exit from Apple (AAPL).

Most Recent 13F
Q2 2026
Location
ZEIST, P7
CIK
0001697765
Portfolio Value
$3.9B (Q4 2025)
SEC Filing
0001697765-26-000001 ↗ filed Feb 18, 2026

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 Q3 2025 Q4 2025: $3.9B $3.9B Q4 2025 Q1 2026: $3.8B Q1 2026 Q2 2026: $4.0B Q2 2026

Holdings 123 stocks · $3.9B
NVDA Nvidia Corp. 16.56% 3,478,868 $648.8M Reduce -2.0%
GOOGL Alphabet Inc. Class A 7.30% 914,145 $286.1M Reduce -2.8%
META Meta Platforms Inc. Class A 5.04% 299,345 $197.6M New
AVGO Broadcom Inc. 4.79% 542,598 $187.8M Reduce -2.5%
GOOG Alphabet Inc. Class C 4.29% 535,014 $167.9M Reduce -4.0%
JPM JPMorgan Chase & Co. 3.57% 433,472 $139.7M Reduce -3.2%
LRCX Lam Research Corp. 3.02% 691,532 $118.4M New
ABBV Abbvie Inc. 2.04% 350,442 $80.1M Reduce -3.8%
CSCO Cisco Systems Inc. 2.02% 1,027,687 $79.2M Reduce -3.3%
TT Trane Technologies PLC 2.02% 203,192 $79.1M Add +0.5%
NFLX Netflix Inc. 1.59% 664,636 $62.3M Reduce -4.0%
V Visa Inc. Class A 1.57% 175,352 $61.5M Reduce -1.8%
GS Goldman Sachs Group Inc. 1.42% 63,186 $55.5M Add +43.0%
PLTR Palantir Technologies Inc. Class A 1.38% 303,490 $53.9M New
T AT&T Inc. 1.35% 2,133,538 $53.0M Reduce -1.7%
BKNG Booking Holdings Inc. 1.24% 9,098 $48.7M Reduce -2.9%
MCK McKesson Corp. 1.24% 59,027 $48.4M Reduce -3.7%
VZ Verizon Communications Inc. 1.21% 1,161,754 $47.3M Add +22.0%
MA Mastercard Inc. Class A 1.13% 77,289 $44.1M Add +0.7%
XYL Xylem Inc. 1.07% 306,723 $41.8M Add +2.1%
CAH Cardinal Health Inc. 0.99% 188,819 $38.8M Reduce -7.1%
CRM Salesforce Inc. 0.99% 145,776 $38.6M Reduce -3.9%
GE General Electric filed as GE AEROSPACE 0.95% 120,679 $37.2M New
COST Costco Wholesale Corp. 0.95% 43,024 $37.1M Reduce -40.2%
HCA HCA Healthcare Inc. 0.90% 75,476 $35.2M Reduce -2.7%
GM General Motors Co. 0.89% 426,807 $34.7M Reduce -14.2%
SYF Synchrony Financial 0.85% 399,888 $33.4M Reduce -3.3%
MFC Manulife Financial Corp. 0.85% 916,359 $33.3M Reduce -1.8%
TRP TC Energy Corp. 0.83% 592,408 $32.7M Add +7.5%
MDT Medtronic PLC 0.83% 336,974 $32.4M Reduce -5.1%
ADBE Adobe Inc. 0.81% 90,099 $31.5M Add +31.7%
EXPE Expedia Group Inc. 0.78% 108,526 $30.7M Reduce -12.2%
JCI Johnson Controls Internation 0.76% 250,061 $29.9M Add +251.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.74% 282,525 $28.9M Add +14.7%
ACN Accenture PLC Class A 0.73% 106,501 $28.6M Reduce -0.1%
IDXX Idexx Laboratories Inc. 0.73% 42,044 $28.4M Add +136.6%
EME Emcor Group Inc. 0.71% 45,434 $27.8M Reduce -1.7%
UNH Unitedhealth Group Inc. 0.71% 84,174 $27.8M Reduce -23.3%
MNST Monster Beverage Corp. 0.70% 358,291 $27.5M Reduce -1.5%
PYPL PayPal Holdings Inc. 0.70% 469,045 $27.4M Reduce -1.2%
VLO Valero Energy Corp. 0.70% 167,700 $27.3M Reduce -1.9%
EXC Exelon Corp. 0.64% 574,206 $25.0M Reduce -4.7%
FOXA Fox Corp. Class A 0.63% 337,572 $24.7M Add +0.5%
BKR Baker Hughes Co. 0.61% 527,767 $24.0M Reduce -2.9%
DGX Quest Diagnostics Inc. 0.61% 137,988 $23.9M Reduce -4.3%
CBRE CBRE Group Inc. Class A 0.59% 142,652 $22.9M Reduce -4.2%
ZM Zoom Communications Inc. 0.57% 259,787 $22.4M New
AKAM Akamai Technologies Inc. 0.56% 253,467 $22.1M Reduce -2.5%
ULTA Ulta Beauty Inc. 0.56% 35,960 $21.8M Reduce -6.9%
SSNC Ss&c Technologies Holdings 0.55% 247,677 $21.7M Add +21.0%
ORCL Oracle Corp. 0.53% 105,763 $20.6M Reduce -3.3%
MRK Merck & Co. Inc. 0.48% 179,311 $18.9M Reduce -0.2%
LNG Cheniere Energy Inc. 0.46% 92,018 $17.9M Reduce -1.9%
DHI D.R. Horton Inc. 0.45% 122,236 $17.6M Add +2934.7%
MMM 3M Co. 0.45% 109,710 $17.6M Add +40.3%
ALLE Allegion PLC 0.44% 109,144 $17.4M Reduce -0.1%
HPQ HP Inc. 0.44% 778,586 $17.3M Reduce -2.6%
ORLY O'reilly Automotive Inc. 0.41% 177,063 $16.1M Reduce -15.1%
WMS Advanced Drainage Systems Inc. 0.39% 105,795 $15.3M Reduce -18.4%
CRH CRH PLC 0.38% 117,960 $14.7M New
PNR Pentair PLC 0.37% 140,720 $14.7M No change
RCL Royal Caribbean Cruises Ltd. 0.36% 51,239 $14.3M No change
GPN Global Payments Inc. 0.36% 182,785 $14.1M New
GEN Gen Digital Inc. 0.36% 514,549 $14.0M New
FDX FedEx Corp. 0.34% 46,680 $13.5M No change
NTAP Netapp Inc. 0.31% 114,306 $12.2M Reduce -0.1%
NOW ServiceNow Inc. 0.30% 76,730 $11.8M Reduce -5.3%
UBER Uber Technologies Inc. 0.29% 138,169 $11.3M No change
WPC WP Carey Inc. 0.28% 173,202 $11.1M Reduce -18.8%
ESTC Elastic NV 0.28% 146,858 $11.1M Reduce -13.7%
BLDR Builders Firstsource Inc. 0.26% 98,190 $10.1M Reduce -6.3%
HWM Howmet Aerospace Inc. 0.26% 49,190 $10.1M New
UTHR United Therapeutics Corp. 0.26% 20,629 $10.1M Reduce -14.4%
HLT Hilton Worldwide Holdings Inc. 0.26% 34,951 $10.0M No change
TWLO Twilio Inc. Class A 0.24% 67,470 $9.6M Reduce -6.9%
DELL Dell Technologies -C 0.24% 76,017 $9.6M Add +1.6%
SPGI S&P Global Inc. 0.23% 17,525 $9.2M No change
CMCSA Comcast Corp. Class A 0.23% 304,677 $9.1M Reduce -2.5%
SHOP Shopify Inc. Class A 0.22% 54,228 $8.7M Add +252.4%
CME Cme Group Inc. 0.20% 28,935 $7.9M No change
DPZ Domino's Pizza Inc. 0.19% 17,530 $7.3M Add +4.5%
CB Chubb Ltd. 0.18% 23,084 $7.2M No change
LOGI Logitech International-Reg 0.18% 69,662 $7.2M Add +151.1%
WBD Warner Bros Discovery Inc. 0.18% 248,593 $7.2M New
CTVA Corteva Inc. 0.18% 102,740 $6.9M No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.17% 33,276 $6.7M Add +0.2%
WM Waste Management Inc. 0.16% 28,981 $6.4M No change
STX Seagate Technology Holdings 0.16% 22,811 $6.3M New
ZTS Zoetis Inc. 0.15% 46,679 $5.9M Reduce -0.2%
OTIS Otis Worldwide Corp. 0.14% 64,892 $5.7M New
ISRG Intuitive Surgical Inc. 0.14% 9,692 $5.5M No change
AER Aercap Holdings NV 0.14% 38,081 $5.5M New
DB Deutsche Bank AG-Registered 0.13% 127,530 $5.0M No change
FCX Freeport-McMoran Inc. 0.11% 83,267 $4.2M No change
VRSK Verisk Analytics Inc. 0.10% 18,281 $4.1M Reduce -78.3%
PINS Pinterest Inc. Class A 0.10% 145,831 $3.8M Reduce -42.0%
GRMN Garmin Ltd. 0.09% 17,841 $3.6M No change
GEHC GE Healthcare Technology 0.08% 39,951 $3.3M No change
WDAY Workday Inc. Class A 0.08% 14,331 $3.1M No change
RF Regions Financial Corp. 0.08% 112,657 $3.1M No change

Show all 123 holdings

Portfolio Sells Q3 2025 → Q4 2025
AAPL Apple Inc. Sold out 0.00% −6.40
MSFT Microsoft Corp. Sold out 0.00% −6.11
AMZN Amazon.com Inc. Sold out 0.00% −3.14
KLAC KLA Corp. Sold out 0.00% −1.40
AMAT Applied Materials Inc. Sold out 0.00% −1.33
WMT Walmart Inc. Sold out 0.00% −1.01
JNJ Johnson & Johnson Sold out 0.00% −0.92
ADSK Autodesk Inc. Sold out 0.00% −0.78
IBM Intl Business Machines Corp. Sold out 0.00% −0.77
HD Home Depot Inc. Sold out 0.00% −0.76
CAT Caterpillar Inc. Sold out 0.00% −0.75
FTNT Fortinet Inc. Sold out 0.00% −0.71
AMGN Amgen Inc. Sold out 0.00% −0.71
TJX TJX Companies Inc. Sold out 0.00% −0.71
PANW Palo Alto Networks Inc. Sold out 0.00% −0.69
GILD Gilead Sciences Inc. Sold out 0.00% −0.66
QCOM Qualcomm Inc. Sold out 0.00% −0.66
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.63
LII Lennox International Inc. Sold out 0.00% −0.60
TD Toronto-Dominion Bank Sold out 0.00% −0.59
LLY Eli Lilly & Co. Sold out 0.00% −0.59
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.57
AXP American Express Co. Sold out 0.00% −0.55
MS Morgan Stanley Sold out 0.00% −0.53
MTD Mettler-Toledo International Sold out 0.00% −0.50
NEM Newmont Corp. Sold out 0.00% −0.50
TMUS T-Mobile US Inc. Sold out 0.00% −0.48
HUBS HubSpot Inc. Sold out 0.00% −0.48
RMD Resmed Inc. Sold out 0.00% −0.47
KR Kroger Co. Sold out 0.00% −0.46
CM Can Imperial BK of Commerce Sold out 0.00% −0.44
COR Cencora Inc. Sold out 0.00% −0.44
APH Amphenol Corp. Class A Sold out 0.00% −0.44
PG The Procter & Gamble Co. Sold out 0.00% −0.44
BAC Bank of America Corp. Sold out 0.00% −0.42
CTAS Cintas Corp. Sold out 0.00% −0.41
EBAY eBay Inc. Sold out 0.00% −0.41
CI The Cigna Group Sold out 0.00% −0.41
FAST Fastenal Co. Sold out 0.00% −0.38
RSG Republic Services Inc. Sold out 0.00% −0.37
STT State Street Corp. Sold out 0.00% −0.37
VRSN Verisign Inc. Sold out 0.00% −0.37
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.36
INTU Intuit Inc. Sold out 0.00% −0.36
HIG Hartford Insurance Group Inc. Sold out 0.00% −0.36
WSM Williams-Sonoma Inc. Sold out 0.00% −0.36
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −0.35
EA Electronic Arts Inc. Sold out 0.00% −0.35
FFIV F5 Inc. Sold out 0.00% −0.34
NRG NRG Energy Inc. Sold out 0.00% −0.34

Portfolio Buys Q3 2025 → Q4 2025
META Meta Platforms Inc. Class A New 5.04% +5.04
LRCX Lam Research Corp. New 3.02% +3.02
PLTR Palantir Technologies Inc. Class A New 1.38% +1.38
GS Goldman Sachs Group Inc. Add +43.0% 1.42% +0.98
TT Trane Technologies PLC Add +0.5% 2.02% +0.96
GE General Electric New 0.95% +0.95
VZ Verizon Communications Inc. Add +22.0% 1.21% +0.69
JCI Johnson Controls Internation Add +251.1% 0.76% +0.67
IDXX Idexx Laboratories Inc. Add +136.6% 0.73% +0.58
MA Mastercard Inc. Class A Add +0.7% 1.13% +0.58
ZM Zoom Communications Inc. New 0.57% +0.57
XYL Xylem Inc. Add +2.1% 1.07% +0.52
ADBE Adobe Inc. Add +31.7% 0.81% +0.51
TRP TC Energy Corp. Add +7.5% 0.83% +0.46
DHI D.R. Horton Inc. Add +2934.7% 0.45% +0.44
TROW T Rowe Price Group Inc. Add +14.7% 0.74% +0.42
CRH CRH PLC New 0.38% +0.38
FOXA Fox Corp. Class A Add +0.5% 0.63% +0.37
GPN Global Payments Inc. New 0.36% +0.36
GEN Gen Digital Inc. New 0.36% +0.36
SSNC Ss&c Technologies Holdings Add +21.0% 0.55% +0.33
MMM 3M Co. Add +40.3% 0.45% +0.30
HWM Howmet Aerospace Inc. New 0.26% +0.26
SHOP Shopify Inc. Class A Add +252.4% 0.22% +0.19
WBD Warner Bros Discovery Inc. New 0.18% +0.18
STX Seagate Technology Holdings New 0.16% +0.16
LOGI Logitech International-Reg Add +151.1% 0.18% +0.15
OTIS Otis Worldwide Corp. New 0.14% +0.14
AER Aercap Holdings NV New 0.14% +0.14
DELL Dell Technologies -C Add +1.6% 0.24% +0.11
DPZ Domino's Pizza Inc. Add +4.5% 0.19% +0.10
MTB M & T Bank Corp. Add +0.2% 0.17% +0.09
PTC PTC Inc. New 0.05% +0.05
GIB Cgi Inc. Add +3.3% 0.07% +0.04
RPRX Royalty Pharma PLC Class A New 0.03% +0.03
WTRG Essential Utilities Inc. New 0.02% +0.02
NI Nisource Inc. Add +1.0% 0.04% +0.02
WTW Willis Towers Watson PLC New 0.02% +0.02
SE Sea Ltd.-ADR New 0.01% +0.01
FUTU Futu Holdings Ltd.-ADR New 0.01% +0.01

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