APG Asset Management N.V.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), APG Asset Management N.V. reported 650 stock positions worth $56.1 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Apple (AAPL, 4.7%) and Nvidia (NVDA, 4.5%). Compared with Q1 2024, it opened 27 new positions, sold out of 96, added to 357 and reduced 265. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale Johnson & Johnson (JNJ, shares −53%).

Most Recent 13F
Q2 2026
Location
Amsterdam, P7
CIK
0001434819
Portfolio Value
$56.1B (Q2 2024)
SEC Filing
0001434819-24-000008 ↗ filed Aug 14, 2024

Holdings Value

0$20.0B$40.0B$60.0B Q1 2024: $57.1B Q1 2024 Q2 2024: $56.1B $56.1B Q2 2024 Q3 2024: $15.1B Q3 2024 Q4 2024: $35.9B Q4 2024 Q1 2025: $32.2B Q1 2025 Q2 2025: $33.8B Q2 2025 Q3 2025: $35.6B Q3 2025 Q4 2025: $35.2B Q4 2025 Q1 2026: $31.6B Q1 2026 Q2 2026: $40.7B Q2 2026

Holdings 650 stocks · $56.1B
MSFT Microsoft Corp. 5.40% 7,259,561 $3.0B Add +1.0%
AAPL Apple Inc. 4.69% 13,381,791 $2.6B Reduce -8.4%
NVDA Nvidia Corp. 4.48% 21,799,094 $2.5B Add +3.5%
AMZN Amazon.com Inc. 3.11% 9,670,711 $1.7B Reduce -9.1%
META Meta Platforms Inc. Class A 1.93% 2,305,238 $1.1B Reduce -8.8%
GOOGL Alphabet Inc. Class A 1.77% 5,823,183 $989.7M Reduce -10.9%
FERG Ferguson Jersey Ltd. 1.68% 5,213,546 $942.0M Reduce -4.0%
ROL Rollins Inc. 1.58% 19,439,262 $884.9M Reduce -2.6%
GOOG Alphabet Inc. Class C 1.52% 4,994,539 $854.8M Reduce -6.0%
MSA Msa Safety Inc. 1.46% 4,668,295 $817.5M Reduce -1.1%
JPM JPMorgan Chase & Co. 1.38% 4,097,648 $773.3M Add +1.6%
STE Steris PLC 1.35% 3,696,562 $757.2M Reduce -1.0%
BR Broadridge Financial Solutio 1.31% 3,992,945 $733.9M Reduce -0.5%
WST West Pharmaceutical Services 1.28% 2,333,037 $717.0M Reduce -0.2%
TYL Tyler Technologies Inc. 1.26% 1,507,062 $707.0M Add +1.4%
ALLE Allegion PLC 1.12% 5,718,630 $630.4M Reduce -3.5%
ZBRA Zebra Technologies Corp. Class A 1.12% 2,181,352 $628.8M Reduce -0.8%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 1.07% 3,876,975 $600.6M Reduce -3.6%
LLY Eli Lilly & Co. 1.06% 703,220 $594.1M Add +6.7%
COST Costco Wholesale Corp. 1.03% 726,332 $576.0M Add +10.3%
V Visa Inc. Class A 1.00% 2,289,007 $560.6M Reduce -2.2%
AVGO Broadcom Inc. 0.98% 366,449 $549.0M Reduce -11.2%
TSLA Tesla Inc. 0.92% 2,803,193 $517.6M Reduce -8.4%
MA Mastercard Inc. Class A 0.92% 1,249,631 $514.4M Add +0.2%
PG The Procter & Gamble Co. 0.91% 3,300,205 $507.8M Reduce -14.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.89% 13,476,339 $500.1M Reduce -4.2%
TRU Transunion 0.83% 6,746,434 $466.8M Reduce -2.4%
UNH Unitedhealth Group Inc. 0.77% 913,149 $433.9M Reduce -5.5%
BCPC Balchem Corp. 0.77% 3,005,446 $431.7M Reduce -1.1%
WFC Wells Fargo & Co. 0.70% 7,053,152 $390.8M Reduce -15.7%
BRK.B Berkshire Hathaway Inc. Class B 0.68% 997,297 $378.5M Reduce -14.4%
PGR Progressive Corp. 0.65% 1,889,407 $366.2M Reduce -3.6%
WDFC WD-40 Co. 0.65% 1,783,268 $365.5M Reduce -1.1%
LW Lamb Weston Holdings Inc. 0.64% 4,561,071 $357.8M Reduce -23.4%
MRK Merck & Co. Inc. 0.62% 2,993,452 $345.8M Reduce -8.8%
MTN Vail Resorts Inc. 0.59% 1,980,202 $332.8M Reduce -1.1%
PEP Pepsico Inc. 0.58% 2,121,088 $326.4M Reduce -1.5%
NFLX Netflix Inc. 0.57% 509,718 $321.0M Reduce -7.5%
MCD McDonald's Corp. 0.54% 1,283,824 $305.3M Reduce -13.7%
TMUS T-Mobile US Inc. 0.54% 1,840,744 $302.6M Add +14.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.52% 2,845,575 $292.3M Reduce -0.8%
LIN Linde PLC 0.52% 708,509 $290.1M Add +14.8%
VZ Verizon Communications Inc. 0.50% 7,301,316 $280.9M Reduce -1.3%
ABBV Abbvie Inc. 0.50% 1,751,073 $280.2M Add +0.9%
HD Home Depot Inc. 0.48% 840,668 $270.0M Reduce -0.1%
KO The Coca-Cola Co. 0.45% 4,289,688 $254.8M Reduce -20.1%
BLK BlackRock Finance Inc. 0.45% 343,581 $252.4M Add +3.3%
BRO Brown & Brown Inc. 0.43% 2,910,542 $242.8M Reduce -3.6%
WM Waste Management Inc. 0.42% 1,192,125 $237.3M Add +1.9%
ORCL Oracle Corp. 0.41% 1,756,152 $231.4M Add +7.0%
LOW Lowe's Cos Inc. 0.41% 1,121,686 $230.7M Add +2.2%
CME Cme Group Inc. 0.41% 1,250,980 $229.5M Reduce -3.3%
CSCO Cisco Systems Inc. 0.41% 5,122,066 $227.1M Reduce -12.5%
ICE Intercontinental Exchange Inc. 0.39% 1,721,719 $219.9M Reduce -2.5%
RJF Raymond James Financial Inc. 0.39% 1,874,140 $216.2M Add +2.1%
PLD Prologis Inc. 0.38% 2,046,774 $214.5M Add +10.0%
AFL Aflac Inc. 0.36% 2,429,316 $202.4M Add +1.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.35% 2,698,311 $197.8M Add +3.5%
TD Toronto-Dominion Bank 0.35% 3,849,556 $197.4M Add +2.5%
ORLY O'reilly Automotive Inc. 0.35% 198,539 $195.6M Reduce -10.3%
AMD Advanced Micro Devices 0.34% 1,261,068 $190.9M Add +1.9%
SPSC SPS Commerce Inc. 0.34% 1,084,339 $190.4M Reduce -1.1%
ADBE Adobe Inc. 0.33% 359,797 $186.5M Add +5.3%
CRM Salesforce Inc. 0.33% 771,872 $185.2M Reduce -1.6%
AMGN Amgen Inc. 0.33% 629,733 $183.6M Add +11.8%
PDD PDD Holdings Inc. 0.32% 1,467,928 $182.1M Reduce -14.9%
TXN Texas Instruments Inc. 0.32% 997,768 $181.1M Reduce -3.4%
JNJ Johnson & Johnson 0.32% 1,325,984 $180.8M Reduce -52.9%
GE General Electric filed as GE AEROSPACE 0.31% 1,165,522 $172.9M Add +1.9%
TDG Transdigm Group Inc. 0.31% 144,536 $172.3M Add +2.0%
SCHW Schwab (charles) Corp. 0.30% 2,458,359 $169.0M Add +6.5%
ROP Roper Technologies Inc. 0.29% 314,142 $165.2M Reduce -1.9%
EXR Extra Space Storage Inc. 0.29% 1,131,889 $164.1M Reduce -7.8%
NEE Nextera Energy Inc. 0.29% 2,463,445 $162.8M Add +7.6%
MCO Moody's Corp. 0.29% 413,192 $162.3M Add +3.3%
AMT American Tower Corp. 0.29% 893,664 $162.1M Reduce -34.0%
APH Amphenol Corp. Class A 0.29% 2,564,548 $161.2M Add +18.3%
NKE Nike Inc. Class B 0.28% 2,269,787 $159.6M Reduce -11.6%
MCK McKesson Corp. 0.28% 289,825 $157.9M Add +14.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.28% 971,043 $156.7M Reduce -33.4%
VRTX Vertex Pharmaceuticals Inc. 0.28% 357,884 $156.5M Add +16.3%
ELV Elevance Health Inc. 0.28% 308,706 $156.1M Add +52.1%
KKR KKR & Co. Inc. 0.28% 1,573,085 $154.5M New
ACN Accenture PLC Class A 0.28% 545,140 $154.3M Reduce -11.1%
AIG American International Group 0.27% 2,200,252 $152.4M Add +13.3%
QCOM Qualcomm Inc. 0.27% 816,522 $151.7M Reduce -12.2%
EQIX Equinix Inc. 0.27% 210,400 $148.5M Reduce -9.2%
CMCSA Comcast Corp. Class A 0.26% 3,964,135 $144.8M Reduce -14.3%
MSCI MSCI Inc. 0.25% 315,887 $142.0M Add +38.8%
UBER Uber Technologies Inc. 0.24% 2,025,304 $137.3M Reduce -10.3%
CSX CSX Corp. 0.24% 4,399,428 $137.3M Reduce -12.0%
FITB Fifth Third Bancorp 0.24% 3,982,598 $135.6M Reduce -2.5%
RSG Republic Services Inc. 0.24% 746,777 $135.4M Reduce -4.2%
AMAT Applied Materials Inc. 0.24% 614,240 $135.3M Reduce -12.3%
MSI Motorola Solutions Inc. 0.24% 374,587 $134.9M Reduce -22.9%
TMO Thermo Fisher Scientific Inc. 0.24% 260,829 $134.6M Add +1.2%
DE Deere & Co. 0.24% 383,767 $133.8M Add +5.7%
DUK Duke Energy Corp. 0.24% 1,422,553 $133.0M Reduce -11.9%
INTU Intuit Inc. 0.24% 216,186 $132.6M Add +4.0%
MAR Marriott International Class A 0.24% 586,373 $132.3M Reduce -3.8%

Show all 650 holdings

Portfolio Sells Q1 2024 → Q2 2024
JNJ Johnson & Johnson Reduce -52.9% 0.32% −0.40
LW Lamb Weston Holdings Inc. Reduce -23.4% 0.64% −0.39
BX Blackstone Inc. Reduce -95.2% 0.02% −0.34
FERG Ferguson Jersey Ltd. Reduce -4.0% 1.68% −0.24
WST West Pharmaceutical Services Reduce -0.2% 1.28% −0.22
GL Globe Life Inc. Reduce -63.6% 0.07% −0.19
IBM Intl Business Machines Corp. Reduce -33.4% 0.28% −0.17
ALLE Allegion PLC Reduce -3.5% 1.12% −0.17
AMT American Tower Corp. Reduce -34.0% 0.29% −0.15
APD Air Products & Chemicals Inc. Reduce -87.0% 0.02% −0.14
MCD McDonald's Corp. Reduce -13.7% 0.54% −0.14
MTN Vail Resorts Inc. Reduce -1.1% 0.59% −0.13
BMY Bristol-Myers Squibb Co. Reduce -27.6% 0.16% −0.12
BRK.B Berkshire Hathaway Inc. Class B Reduce -14.4% 0.68% −0.12
NKE Nike Inc. Class B Reduce -11.6% 0.28% −0.11
PG The Procter & Gamble Co. Reduce -14.2% 0.91% −0.11
WFC Wells Fargo & Co. Reduce -15.7% 0.70% −0.09
WDFC WD-40 Co. Reduce -1.1% 0.65% −0.09
MRK Merck & Co. Inc. Reduce -8.8% 0.62% −0.09
COR Cencora Inc. Reduce -33.8% 0.14% −0.08
KO The Coca-Cola Co. Reduce -20.1% 0.45% −0.08
AEP American Electric Power Reduce -54.0% 0.07% −0.08
ERIE Erie Indemnity Company Class A Reduce -67.2% 0.03% −0.08
HSY The Hershey Co. Reduce -47.7% 0.08% −0.07
DOV Dover Corp. Reduce -91.9% 0.01% −0.07
GILD Gilead Sciences Inc. Reduce -21.7% 0.21% −0.07
XEL Xcel Energy Inc. Reduce -60.0% 0.05% −0.07
ACN Accenture PLC Class A Reduce -11.1% 0.28% −0.07
CSCO Cisco Systems Inc. Reduce -12.5% 0.41% −0.07
CMCSA Comcast Corp. Class A Reduce -14.3% 0.26% −0.07
KR Kroger Co. Reduce -46.2% 0.06% −0.07
JKHY Jack Henry & Associates Inc. Reduce -3.6% 1.07% −0.06
TRU Transunion Reduce -2.4% 0.83% −0.06
CBOE Cboe Global Markets Inc. Reduce -44.6% 0.07% −0.06
FSV Firstservice Corp. Reduce -47.4% 0.06% −0.06
V Visa Inc. Class A Reduce -2.2% 1.00% −0.06
PFE Pfizer Inc. Reduce -22.9% 0.23% −0.06
ORLY O'reilly Automotive Inc. Reduce -10.3% 0.35% −0.06
MDT Medtronic PLC Reduce -19.9% 0.16% −0.06
CSX CSX Corp. Reduce -12.0% 0.24% −0.06
WPM Wheaton Precious Metals Corp. Reduce -51.2% 0.07% −0.06
META Meta Platforms Inc. Class A Reduce -8.8% 1.93% −0.05
B Barrick Gold Corp. Sold out 0.00% −0.05
CRM Salesforce Inc. Reduce -1.6% 0.33% −0.05
EXPD Expeditors Intl Wash Inc. Reduce -61.0% 0.03% −0.05
MMM 3M Co. Sold out 0.00% −0.05
EQIX Equinix Inc. Reduce -9.2% 0.27% −0.05
CAT Caterpillar Inc. Reduce -11.2% 0.21% −0.04
GSK GSK PLC-Spon ADR Sold out 0.00% −0.04
CME Cme Group Inc. Reduce -3.3% 0.41% −0.04

Portfolio Buys Q1 2024 → Q2 2024
NVDA Nvidia Corp. Add +3.5% 4.48% +1.40
MSFT Microsoft Corp. Add +1.0% 5.40% +0.49
KKR KKR & Co. Inc. New 0.28% +0.28
COST Costco Wholesale Corp. Add +10.3% 1.03% +0.24
TYL Tyler Technologies Inc. Add +1.4% 1.26% +0.24
LLY Eli Lilly & Co. Add +6.7% 1.06% +0.23
CRH CRH PLC New 0.15% +0.15
TMUS T-Mobile US Inc. Add +14.1% 0.54% +0.11
ELV Elevance Health Inc. Add +52.1% 0.28% +0.11
CL Colgate-Palmolive Co. Add +64.3% 0.20% +0.09
APH Amphenol Corp. Class A Add +18.3% 0.29% +0.08
ORCL Oracle Corp. Add +7.0% 0.41% +0.08
VRTX Vertex Pharmaceuticals Inc. Add +16.3% 0.28% +0.07
JPM JPMorgan Chase & Co. Add +1.6% 1.38% +0.07
AMGN Amgen Inc. Add +11.8% 0.33% +0.07
CDNS Cadence Design SYS Inc. Add +61.7% 0.17% +0.07
MCK McKesson Corp. Add +14.6% 0.28% +0.06
BSX Boston Scientific Corp. Add +31.6% 0.17% +0.06
KMB Kimberly-Clark Corp. Add +74.4% 0.12% +0.06
GDDY GoDaddy Inc. Class A Add +57.2% 0.12% +0.06
ADBE Adobe Inc. Add +5.3% 0.33% +0.05
NEE Nextera Energy Inc. Add +7.6% 0.29% +0.05
LIN Linde PLC Add +14.8% 0.52% +0.05
ECL Ecolab Inc. Add +159.9% 0.08% +0.05
MSCI MSCI Inc. Add +38.8% 0.25% +0.05
SNPS Synopsys Inc. Add +32.3% 0.16% +0.05
VRSK Verisk Analytics Inc. Add +70.4% 0.09% +0.05
CB Chubb Ltd. Add +50.1% 0.12% +0.04
IT Gartner Inc. Add +102.7% 0.08% +0.04
KLAC KLA Corp. Add +12.1% 0.15% +0.04
HCA HCA Healthcare Inc. Add +64.0% 0.10% +0.04
MU Micron Technology Inc. Add +12.6% 0.17% +0.04
TEL Te Connectivity Ltd. Add +76.5% 0.08% +0.04
MCO Moody's Corp. Add +3.3% 0.29% +0.03
ACGL Arch Capital Group Ltd. Add +99.7% 0.06% +0.03
DHR Danaher Corp. Add +13.6% 0.22% +0.03
CTAS Cintas Corp. Add +52.2% 0.08% +0.03
TT Trane Technologies PLC Add +3.8% 0.22% +0.03
FCNCA First Citizens Bcshs Class A Add +2957.0% 0.03% +0.03
AWK American Water Works Co. Inc. Add +27.1% 0.11% +0.03
SCHW Schwab (charles) Corp. Add +6.5% 0.30% +0.03
GLW Corning Inc. Add +19.8% 0.10% +0.03
VMRK Vivmark Residential Add +1847.4% 0.03% +0.03
SNAP Snap Inc. Class A Add +3.9% 0.08% +0.03
ETN Eaton Corp. PLC Add +33.7% 0.10% +0.03
FWONK Liberty Media Corp. Class C Add +3293.9% 0.03% +0.03
CDW CDW Corp. Add +54.6% 0.10% +0.03
AFL Aflac Inc. Add +1.3% 0.36% +0.03
WMB Williams Cos Inc. Add +104.5% 0.05% +0.03
ISRG Intuitive Surgical Inc. Add +3.4% 0.17% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 493$40.7BNVDA, AAPL, MSFT, AVGO, AMZN
Q1 2026 513$31.6BMSFT, NVDA, AVGO, AMZN, AAPL
Q4 2025 540$35.2BNVDA, MSFT, AAPL, AVGO, AMZN
Q3 2025 528$35.6BNVDA, MSFT, AAPL, AVGO, AMZN
Q2 2025 539$33.8BMSFT, NVDA, AAPL, AMZN, AVGO
Q1 2025 548$32.2BAAPL, MSFT, NVDA, AMZN, AVGO
Q4 2024 548$35.9BAAPL, NVDA, MSFT, AMZN, AVGO
Q3 2024 407$15.1BFERG, ROL, ZBRA, TRU, WST
Q2 2024 650$56.1BMSFT, AAPL, NVDA, AMZN, META
Q1 2024 716$57.1BMSFT, AAPL, AMZN, NVDA, META