APG Asset Management N.V.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), APG Asset Management N.V. reported 407 stock positions worth $15.1 billion. Its top holding was Ferguson Enterprises (FERG) at 5.6% of the portfolio, followed by Rollins (ROL, 4.9%) and Zebra Technologies Class A (ZBRA, 4.7%). Compared with Q2 2024, it opened 7 new positions, sold out of 250, added to 19 and reduced 381. The biggest buy was Trip.com Group Ltd.-ADR (TCOM, shares +204%) and the biggest sale Apple (AAPL, shares −96%).

Most Recent 13F
Q2 2026
Location
Amsterdam, P7
CIK
0001434819
Portfolio Value
$15.1B (Q3 2024)
SEC Filing
0001434819-24-000010 ↗ filed Nov 14, 2024

Holdings Value

0$20.0B$40.0B$60.0B Q1 2024: $57.1B Q1 2024 Q2 2024: $56.1B Q2 2024 Q3 2024: $15.1B $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 407 stocks · $15.1B
FERG Ferguson Enterprises Inc. 5.57% 4,715,931 $839.0M Reduce -9.5%
ROL Rollins Inc. 4.86% 16,151,767 $732.0M Reduce -16.9%
ZBRA Zebra Technologies Corp. Class A 4.74% 2,154,530 $714.9M Reduce -1.2%
TRU Transunion 4.15% 6,669,623 $625.7M Reduce -1.1%
WST West Pharmaceutical Services 4.12% 2,308,847 $621.0M Reduce -1.0%
TYL Tyler Technologies Inc. 4.02% 1,156,634 $604.9M Reduce -23.3%
MSA Msa Safety Inc. 4.00% 3,789,625 $602.2M Reduce -18.8%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 3.96% 3,767,942 $596.0M Reduce -2.8%
STE Steris PLC 3.94% 2,734,958 $594.4M Reduce -26.0%
BR Broadridge Financial Solutio 3.53% 2,762,786 $532.3M Reduce -30.8%
ALLE Allegion PLC 3.15% 3,634,685 $474.6M Reduce -36.4%
BCPC Balchem Corp. 2.90% 2,768,378 $436.6M Reduce -7.9%
MSFT Microsoft Corp. 2.60% 1,017,397 $392.3M Reduce -86.0%
WDFC WD-40 Co. 2.47% 1,608,221 $371.6M Reduce -9.8%
NVDA Nvidia Corp. 2.24% 3,104,455 $337.8M Reduce -85.8%
MTN Vail Resorts Inc. 1.34% 1,293,790 $202.0M Reduce -34.7%
COST Costco Wholesale Corp. 0.94% 177,589 $141.1M Reduce -75.5%
SPSC SPS Commerce Inc. 0.78% 675,339 $117.5M Reduce -37.7%
LLY Eli Lilly & Co. 0.72% 136,460 $108.3M Reduce -80.6%
AAPL Apple Inc. 0.68% 490,484 $102.4M Reduce -96.3%
AVGO Broadcom Inc. 0.63% 617,314 $95.4M Reduce -83.2%
TCOM Trip.com Group Ltd.-ADR 0.61% 1,739,200 $92.6M Add +204.3%
JPM JPMorgan Chase & Co. 0.61% 488,733 $92.3M Reduce -88.1%
UNH Unitedhealth Group Inc. 0.57% 164,025 $85.9M Reduce -82.0%
ORCL Oracle Corp. 0.55% 544,663 $83.2M Reduce -69.0%
PDD PDD Holdings Inc. 0.55% 680,128 $82.2M Reduce -53.7%
CL Colgate-Palmolive Co. 0.51% 824,342 $76.7M Reduce -34.1%
HIG Hartford Insurance Group Inc. 0.50% 719,101 $75.8M Reduce -2.5%
V Visa Inc. Class A 0.45% 277,520 $68.4M Reduce -87.9%
MRK Merck & Co. Inc. 0.45% 659,062 $67.1M Reduce -78.0%
LIN Linde PLC 0.44% 154,337 $65.9M Reduce -78.2%
AMZN Amazon.com Inc. 0.43% 386,191 $64.5M Reduce -96.0%
MA Mastercard Inc. Class A 0.42% 143,569 $63.5M Reduce -88.5%
VZ Verizon Communications Inc. 0.42% 1,568,346 $63.1M Reduce -78.5%
DFS Discover Financial Services 0.41% 494,831 $62.2M Reduce -6.9%
BRO Brown & Brown Inc. 0.41% 666,419 $61.9M Reduce -77.1%
PEP Pepsico Inc. 0.40% 396,766 $60.5M Reduce -81.3%
ABBV Abbvie Inc. 0.40% 336,773 $59.6M Reduce -80.8%
AMGN Amgen Inc. 0.39% 201,983 $58.3M Reduce -67.9%
FITB Fifth Third Bancorp 0.38% 1,508,563 $57.9M Reduce -62.1%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.38% 1,136,010 $57.7M Reduce -71.9%
RJF Raymond James Financial Inc. 0.38% 524,287 $57.5M Reduce -72.0%
HD Home Depot Inc. 0.38% 156,491 $56.8M Reduce -81.4%
APH Amphenol Corp. Class A 0.37% 947,279 $55.3M Reduce -63.1%
WM Waste Management Inc. 0.36% 292,135 $54.3M Reduce -75.5%
ETR Entergy Corp. 0.36% 454,223 $53.6M Reduce -10.3%
VRTX Vertex Pharmaceuticals Inc. 0.34% 124,020 $51.7M Reduce -65.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.33% 1,402,408 $49.9M Reduce -89.6%
ROP Roper Technologies Inc. 0.32% 96,696 $48.2M Reduce -69.2%
PGR Progressive Corp. 0.32% 209,360 $47.6M Reduce -88.9%
FSLR First Solar Inc. 0.32% 212,926 $47.6M Reduce -29.1%
TMUS T-Mobile US Inc. 0.32% 256,730 $47.5M Reduce -86.0%
DTE DTE Energy Company 0.31% 408,700 $47.0M Reduce -17.0%
CINF Cincinnati Financial Corp. 0.30% 372,999 $45.5M Reduce -2.1%
MKL Markel Group Inc. 0.30% 32,157 $45.2M Reduce -35.7%
CDNS Cadence Design SYS Inc. 0.30% 184,362 $44.8M Reduce -45.4%
NDAQ Nasdaq Inc. 0.30% 680,917 $44.5M Reduce -8.2%
CFG Citizens Financial Group 0.28% 1,163,549 $42.8M Reduce -68.2%
KMB Kimberly-Clark Corp. 0.28% 332,514 $42.4M Reduce -34.0%
RSG Republic Services Inc. 0.28% 235,175 $42.3M Reduce -68.5%
GILD Gilead Sciences Inc. 0.28% 559,533 $42.0M Reduce -70.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.27% 3,314,117 $40.5M New
AEE Ameren Corporation 0.26% 500,889 $39.3M Reduce -26.9%
RF Regions Financial Corp. 0.26% 1,872,822 $39.1M Reduce -5.3%
TXN Texas Instruments Inc. 0.26% 209,170 $38.7M Reduce -79.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.25% 357,593 $37.7M Reduce -87.4%
GPC Genuine Parts Co. 0.25% 298,511 $37.4M Reduce -23.3%
CMS CMS Energy Corp. 0.25% 589,665 $37.3M Reduce -35.3%
ELV Elevance Health Inc. 0.25% 79,801 $37.2M Reduce -74.2%
ADBE Adobe Inc. 0.24% 78,482 $36.4M Reduce -78.2%
SYF Synchrony Financial 0.24% 810,550 $36.2M Reduce -5.5%
NEE Nextera Energy Inc. 0.24% 474,392 $35.9M Reduce -80.7%
EG Everest Group Ltd. 0.24% 101,935 $35.8M Reduce -19.3%
AZO AutoZone Inc. 0.24% 12,659 $35.7M Reduce -52.3%
DRI Darden Restaurants Inc. 0.24% 240,861 $35.4M Reduce -5.4%
MCK McKesson Corp. 0.23% 77,793 $34.5M Reduce -73.2%
SNPS Synopsys Inc. 0.23% 75,925 $34.4M Reduce -52.4%
ULTA Ulta Beauty Inc. 0.23% 98,698 $34.4M Reduce -5.0%
ED Consolidated Edison Inc. 0.22% 362,478 $33.8M Reduce -72.0%
CRM Salesforce Inc. 0.22% 136,550 $33.5M Reduce -82.3%
PTC PTC Inc. 0.20% 190,507 $30.8M Reduce -37.0%
GE General Electric filed as GE AEROSPACE 0.20% 181,939 $30.7M Reduce -84.4%
MRSH Marsh & McLennan Cos 0.20% 149,536 $29.9M Reduce -69.1%
WMB Williams Cos Inc. 0.20% 724,913 $29.7M Add +7.2%
AMD Advanced Micro Devices 0.19% 199,326 $29.3M Reduce -84.2%
SO The Southern Co. 0.19% 358,962 $29.0M Reduce -77.8%
HCA HCA Healthcare Inc. 0.19% 79,123 $28.8M Reduce -58.7%
ENPH Enphase Energy Inc. 0.19% 276,699 $28.0M Reduce -25.2%
INTU Intuit Inc. 0.18% 50,028 $27.8M Reduce -76.9%
CDW CDW Corp. 0.18% 135,670 $27.5M Reduce -48.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.18% 107,587 $27.1M Reduce -64.2%
DUK Duke Energy Corp. 0.18% 260,604 $26.9M Reduce -81.7%
CME Cme Group Inc. 0.17% 131,172 $25.9M Reduce -89.5%
BLK BlackRock Finance Inc. 0.17% 30,399 $25.9M Reduce -91.2%
VRSN Verisign Inc. 0.17% 148,541 $25.3M Reduce -54.8%
IT Gartner Inc. 0.16% 54,424 $24.7M Reduce -50.2%
NTAP Netapp Inc. 0.16% 217,205 $24.0M Reduce -44.3%
ECL Ecolab Inc. 0.16% 104,490 $23.9M Reduce -45.0%
CAH Cardinal Health Inc. 0.15% 235,596 $23.3M Reduce -57.8%
BMY Bristol-Myers Squibb Co. 0.15% 502,325 $23.3M Reduce -78.2%

Show all 407 holdings

Portfolio Sells Q2 2024 → Q3 2024
AAPL Apple Inc. Reduce -96.3% 0.68% −4.01
MSFT Microsoft Corp. Reduce -86.0% 2.60% −2.80
AMZN Amazon.com Inc. Reduce -96.0% 0.43% −2.68
NVDA Nvidia Corp. Reduce -85.8% 2.24% −2.24
META Meta Platforms Inc. Class A Sold out 0.00% −1.93
GOOGL Alphabet Inc. Class A Sold out 0.00% −1.77
GOOG Alphabet Inc. Class C Sold out 0.00% −1.52
TSLA Tesla Inc. Sold out 0.00% −0.92
PG The Procter & Gamble Co. Reduce -96.6% 0.11% −0.79
JPM JPMorgan Chase & Co. Reduce -88.1% 0.61% −0.77
WFC Wells Fargo & Co. Sold out 0.00% −0.70
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.68
LW Lamb Weston Holdings Inc. Sold out 0.00% −0.64
NFLX Netflix Inc. Sold out 0.00% −0.57
BAC Bank of America Corp. Reduce -89.6% 0.33% −0.56
V Visa Inc. Class A Reduce -87.9% 0.45% −0.55
MA Mastercard Inc. Class A Reduce -88.5% 0.42% −0.50
MCD McDonald's Corp. Reduce -97.0% 0.07% −0.47
KO The Coca-Cola Co. Sold out 0.00% −0.45
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.35
AVGO Broadcom Inc. Reduce -83.2% 0.63% −0.35
LLY Eli Lilly & Co. Reduce -80.6% 0.72% −0.34
PGR Progressive Corp. Reduce -88.9% 0.32% −0.34
JNJ Johnson & Johnson Sold out 0.00% −0.32
EXR Extra Space Storage Inc. Sold out 0.00% −0.29
AMT American Tower Corp. Sold out 0.00% −0.29
NKE Nike Inc. Class B Sold out 0.00% −0.28
LOW Lowe's Cos Inc. Reduce -92.7% 0.13% −0.28
IBM Intl Business Machines Corp. Sold out 0.00% −0.28
BLK BlackRock Finance Inc. Reduce -91.2% 0.17% −0.28
CSCO Cisco Systems Inc. Reduce -91.8% 0.13% −0.27
TJX TJX Companies Inc. Reduce -87.4% 0.25% −0.27
ICE Intercontinental Exchange Inc. Reduce -92.3% 0.13% −0.27
EQIX Equinix Inc. Sold out 0.00% −0.27
UBER Uber Technologies Inc. Sold out 0.00% −0.24
CME Cme Group Inc. Reduce -89.5% 0.17% −0.24
PLD Prologis Inc. Reduce -90.2% 0.15% −0.23
SCHW Schwab (charles) Corp. Reduce -92.6% 0.07% −0.23
TD Toronto-Dominion Bank Reduce -91.6% 0.12% −0.23
TMUS T-Mobile US Inc. Reduce -86.0% 0.32% −0.22
AIG American International Group Reduce -94.5% 0.05% −0.22
AFL Aflac Inc. Reduce -91.1% 0.14% −0.22
MCO Moody's Corp. Reduce -93.3% 0.08% −0.21
TDG Transdigm Group Inc. Reduce -91.8% 0.10% −0.21
UNH Unitedhealth Group Inc. Reduce -82.0% 0.57% −0.20
SBUX Starbucks Corp. Sold out 0.00% −0.20
ACN Accenture PLC Class A Reduce -93.3% 0.08% −0.20
QCOM Qualcomm Inc. Reduce -90.9% 0.08% −0.20
KKR KKR & Co. Inc. Reduce -92.9% 0.09% −0.19
PEP Pepsico Inc. Reduce -81.3% 0.40% −0.18

Portfolio Buys Q2 2024 → Q3 2024
TCOM Trip.com Group Ltd.-ADR Add +204.3% 0.61% +0.57
NU Nu Holdings Ltd./Cayman Isl-A New 0.27% +0.27
WMB Williams Cos Inc. Add +7.2% 0.20% +0.15
WMT Walmart Inc. New 0.10% +0.10
CCEP Coca-Cola Europacific Partne Add +17.4% 0.12% +0.09
SCCO Southern Copper Corp. Add +29.9% 0.09% +0.07
KMI Kinder Morgan Inc. Add +7.8% 0.08% +0.06
USB US Bancorp Add +46.8% 0.07% +0.06
SW Smurfit Westrock PLC New 0.04% +0.04
OXY Occidental Petroleum Corp. Add +7.2% 0.05% +0.03
TPL Texas Pacific Land Corp. Add +13.4% 0.04% +0.03
SLB SLB Ltd. Add +3.2% 0.04% +0.03
CLX Clorox Company Add +7.3% 0.03% +0.03
AGR Avangrid Inc. Add +285.2% 0.02% +0.02
DOV Dover Corp. Add +2.4% 0.03% +0.02
CCJ Cameco Corp. Add +3.0% 0.02% +0.01
EQT Eqt Corp. Add +13.8% 0.01% +0.01
RS Reliance Inc. Add +3.0% 0.01% +0.01
EME Emcor Group Inc. Add +2.6% 0.01% +0.01
TRGP Targa Resources Corp. Add +3.0% 0.01% +0.01
DSGX The Descartes Systems Grp Add +40.8% 0.01% +0.01
XP XP Inc. Class A New 0.01% +0.01
CNA Cna Financial Corp. Add +89.0% 0.01% +0.01
STNE Stoneco Ltd. Class A New 0.00% +0.00
PAGS Pagseguro Digital Ltd. Class A New 0.00% +0.00
INTR Inter & Co. Inc. Class A New 0.00% +0.00

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