APG Asset Management N.V.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), APG Asset Management N.V. reported 548 stock positions worth $35.9 billion. Its top holding was Apple (AAPL) at 6.8% of the portfolio, followed by Nvidia (NVDA, 6.7%) and Microsoft (MSFT, 6.6%). Compared with Q3 2024, it opened 162 new positions, sold out of 21, added to 301 and reduced 82. The biggest buy was Apple (AAPL, shares +1949%) and the biggest sale Ferguson Enterprises (FERG, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- Amsterdam, P7
- CIK
- 0001434819
- Portfolio Value
- $35.9B (Q4 2024)
- SEC Filing
- 0001434819-25-000002 ↗ filed Feb 13, 2025
Holdings Value
Holdings 548 stocks · $35.9B
| AAPL Apple Inc. | 6.77% | 10,051,304 | $2.4B | Add +1949.3% |
| NVDA Nvidia Corp. | 6.65% | 18,415,785 | $2.4B | Add +493.2% |
| MSFT Microsoft Corp. | 6.59% | 5,812,933 | $2.4B | Add +471.4% |
| AMZN Amazon.com Inc. | 4.29% | 7,269,638 | $1.5B | Add +1782.4% |
| AVGO Broadcom Inc. | 2.73% | 4,379,348 | $980.5M | Add +609.4% |
| JPM JPMorgan Chase & Co. | 1.76% | 2,725,473 | $630.9M | Add +457.7% |
| LLY Eli Lilly & Co. | 1.70% | 819,153 | $610.7M | Add +500.3% |
| V Visa Inc. Class A | 1.38% | 1,622,811 | $495.3M | Add +484.8% |
| ROL Rollins Inc. | 1.33% | 10,668,041 | $477.5M | Reduce -34.0% |
| WST West Pharmaceutical Services | 1.27% | 1,437,402 | $454.7M | Reduce -37.7% |
| TYL Tyler Technologies Inc. | 1.22% | 786,988 | $438.3M | Reduce -32.0% |
| UNH Unitedhealth Group Inc. | 1.21% | 886,446 | $433.0M | Add +440.4% |
| MA Mastercard Inc. Class A | 1.14% | 803,500 | $408.6M | Add +459.7% |
| HD Home Depot Inc. | 1.08% | 1,032,082 | $387.7M | Add +559.5% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 1.08% | 2,285,563 | $386.9M | Reduce -39.3% |
| FERG Ferguson Enterprises Inc. | 1.05% | 2,248,816 | $377.0M | Reduce -52.3% |
| BR Broadridge Financial Solutio | 1.02% | 1,671,407 | $364.9M | Reduce -39.5% |
| COST Costco Wholesale Corp. | 0.93% | 376,815 | $333.4M | Add +112.2% |
| PG The Procter & Gamble Co. | 0.90% | 2,006,298 | $324.8M | Add +1709.5% |
| WMT Walmart Inc. | 0.90% | 3,718,058 | $324.4M | Add +1707.6% |
| ZBRA Zebra Technologies Corp. Class A | 0.90% | 866,234 | $323.1M | Reduce -59.8% |
| STE Steris PLC | 0.89% | 1,617,504 | $321.1M | Reduce -40.9% |
| BCPC Balchem Corp. | 0.85% | 1,945,474 | $306.2M | Reduce -29.7% |
| ABBV Abbvie Inc. | 0.85% | 1,768,847 | $303.5M | Add +425.2% |
| ORCL Oracle Corp. | 0.82% | 1,836,513 | $295.5M | Add +237.2% |
| CRM Salesforce Inc. | 0.82% | 912,855 | $294.7M | Add +568.5% |
| MSA Msa Safety Inc. | 0.82% | 1,840,578 | $294.7M | Reduce -51.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.80% | 6,758,370 | $286.8M | Add +381.9% |
| TRU Transunion | 0.78% | 3,119,462 | $279.3M | Reduce -53.2% |
| WDFC WD-40 Co. | 0.72% | 1,100,679 | $258.0M | Reduce -31.6% |
| MRK Merck & Co. Inc. | 0.71% | 2,655,495 | $255.1M | Add +302.9% |
| PEP Pepsico Inc. | 0.64% | 1,559,081 | $228.9M | Add +292.9% |
| NOW ServiceNow Inc. | 0.57% | 201,113 | $205.9M | Add +680.1% |
| VZ Verizon Communications Inc. | 0.56% | 5,186,786 | $200.3M | Add +230.7% |
| ADBE Adobe Inc. | 0.53% | 440,786 | $189.3M | Add +461.6% |
| ACN Accenture PLC Class A | 0.52% | 554,533 | $188.4M | Add +1412.3% |
| TMO Thermo Fisher Scientific Inc. | 0.52% | 368,390 | $185.1M | Add +1704.5% |
| AMD Advanced Micro Devices | 0.50% | 1,546,529 | $180.4M | Add +675.9% |
| MCD McDonald's Corp. | 0.50% | 641,950 | $179.7M | Add +1547.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.50% | 1,655,093 | $178.0M | Add +624.8% |
| CDNS Cadence Design SYS Inc. | 0.49% | 607,749 | $176.3M | Add +229.7% |
| INTU Intuit Inc. | 0.49% | 287,399 | $174.4M | Add +474.5% |
| TXN Texas Instruments Inc. | 0.48% | 954,974 | $172.9M | Add +356.6% |
| ISRG Intuitive Surgical Inc. | 0.48% | 340,163 | $171.5M | Add +1332.7% |
| GS Goldman Sachs Group Inc. | 0.47% | 307,599 | $170.1M | Add +701.8% |
| ABT Abbott Laboratories | 0.47% | 1,551,626 | $169.5M | Add +1480.2% |
| RY Royal Bank of Canada | 0.46% | 1,427,075 | $166.1M | Add +1600.9% |
| AMGN Amgen Inc. | 0.46% | 658,497 | $165.7M | Add +226.0% |
| CAT Caterpillar Inc. | 0.43% | 440,641 | $154.4M | Add +1278.6% |
| NEE Nextera Energy Inc. | 0.42% | 2,188,967 | $151.5M | Add +361.4% |
| DHR Danaher Corp. | 0.42% | 675,808 | $149.8M | Add +643.7% |
| CSCO Cisco Systems Inc. | 0.42% | 2,608,715 | $149.1M | Add +520.4% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 914,738 | $147.3M | Add +402.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 1,259,360 | $146.9M | Add +252.2% |
| PFE Pfizer Inc. | 0.40% | 5,619,213 | $144.0M | Add +1106.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.39% | 359,285 | $139.7M | Add +189.7% |
| SPGI S&P Global Inc. | 0.39% | 290,500 | $139.7M | Add +1384.4% |
| CMCSA Comcast Corp. Class A | 0.38% | 3,791,412 | $137.4M | Add +629.9% |
| ETN Eaton Corp. PLC | 0.37% | 412,788 | $132.3M | Add +607.7% |
| AMAT Applied Materials Inc. | 0.36% | 824,407 | $129.5M | Add +611.5% |
| SYK Stryker Corp. | 0.36% | 370,226 | $128.7M | Add +1695.0% |
| ANET Arista Networks Inc. | 0.34% | 1,150,779 | $122.8M | Add +554.7% |
| CL Colgate-Palmolive Co. | 0.33% | 1,364,701 | $119.8M | Add +65.5% |
| PGR Progressive Corp. | 0.32% | 502,013 | $116.2M | Add +139.8% |
| TMUS T-Mobile US Inc. | 0.31% | 516,477 | $110.1M | Add +101.2% |
| GILD Gilead Sciences Inc. | 0.31% | 1,229,769 | $109.7M | Add +119.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 511,500 | $108.6M | New |
| T AT&T Inc. | 0.30% | 4,849,706 | $106.6M | Add +344.5% |
| APH Amphenol Corp. Class A | 0.30% | 1,582,231 | $106.1M | Add +67.0% |
| CME Cme Group Inc. | 0.30% | 472,410 | $105.9M | Add +260.1% |
| AXP American Express Co. | 0.28% | 355,888 | $102.0M | Add +538.7% |
| QCOM Qualcomm Inc. | 0.28% | 678,856 | $100.7M | Add +812.1% |
| LOW Lowe's Cos Inc. | 0.28% | 421,521 | $100.5M | Add +414.5% |
| MS Morgan Stanley | 0.27% | 790,346 | $96.0M | New |
| WM Waste Management Inc. | 0.27% | 489,717 | $95.4M | Add +67.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.27% | 348,034 | $95.4M | Add +223.5% |
| BSX Boston Scientific Corp. | 0.25% | 1,021,217 | $88.1M | Add +404.2% |
| BMY Bristol-Myers Squibb Co. | 0.24% | 1,608,400 | $87.9M | Add +220.2% |
| TCOM Trip.com Group Ltd.-ADR | 0.24% | 1,306,400 | $86.6M | Reduce -24.9% |
| FISV Fiserv Inc. | 0.24% | 433,161 | $85.9M | Add +315.9% |
| MRSH Marsh & McLennan Cos | 0.24% | 414,836 | $85.1M | Add +177.4% |
| UBER Uber Technologies Inc. | 0.24% | 1,453,804 | $84.7M | New |
| ADP Automatic Data Processing | 0.23% | 298,356 | $84.3M | Add +307.6% |
| ALLE Allegion PLC | 0.23% | 667,060 | $84.2M | Reduce -81.7% |
| CB Chubb Ltd. | 0.23% | 309,795 | $82.7M | Add +386.3% |
| MCK McKesson Corp. | 0.22% | 145,706 | $80.2M | Add +87.3% |
| SCHW Schwab (charles) Corp. | 0.22% | 1,087,154 | $77.7M | Add +495.0% |
| PDD PDD Holdings Inc. | 0.21% | 789,528 | $74.0M | Add +16.1% |
| UNP Union Pacific Corp. | 0.21% | 335,600 | $73.9M | Add +645.3% |
| ROP Roper Technologies Inc. | 0.20% | 146,101 | $73.3M | Add +51.1% |
| ELV Elevance Health Inc. | 0.20% | 205,796 | $73.3M | Add +157.9% |
| PANW Palo Alto Networks Inc. | 0.20% | 415,678 | $73.0M | Add +511.4% |
| DE Deere & Co. | 0.20% | 178,500 | $73.0M | Add +448.1% |
| C Citigroup Inc. | 0.20% | 1,052,200 | $71.5M | New |
| PLD Prologis Inc. | 0.20% | 694,470 | $70.9M | Add +247.6% |
| SNPS Synopsys Inc. | 0.19% | 149,065 | $69.9M | Add +96.3% |
| KKR KKR & Co. Inc. | 0.19% | 488,505 | $69.8M | Add +336.1% |
| KMB Kimberly-Clark Corp. | 0.19% | 549,114 | $69.5M | Add +65.1% |
| LIN Linde PLC | 0.19% | 171,427 | $69.3M | Add +11.1% |
| AZO AutoZone Inc. | 0.19% | 21,640 | $66.9M | Add +71.0% |
Portfolio Sells Q3 2024 → Q4 2024
| FERG Ferguson Enterprises Inc. | Reduce -52.3% | 1.05% | −4.52 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -59.8% | 0.90% | −3.84 |
| ROL Rollins Inc. | Reduce -34.0% | 1.33% | −3.53 |
| TRU Transunion | Reduce -53.2% | 0.78% | −3.37 |
| MSA Msa Safety Inc. | Reduce -51.4% | 0.82% | −3.18 |
| STE Steris PLC | Reduce -40.9% | 0.89% | −3.05 |
| ALLE Allegion PLC | Reduce -81.7% | 0.23% | −2.92 |
| JKHY Jack Henry & Associates Inc. | Reduce -39.3% | 1.08% | −2.88 |
| WST West Pharmaceutical Services | Reduce -37.7% | 1.27% | −2.85 |
| TYL Tyler Technologies Inc. | Reduce -32.0% | 1.22% | −2.79 |
| BR Broadridge Financial Solutio | Reduce -39.5% | 1.02% | −2.52 |
| BCPC Balchem Corp. | Reduce -29.7% | 0.85% | −2.04 |
| WDFC WD-40 Co. | Reduce -31.6% | 0.72% | −1.75 |
| MTN Vail Resorts Inc. | Reduce -87.7% | 0.08% | −1.26 |
| SPSC SPS Commerce Inc. | Reduce -86.8% | 0.04% | −0.74 |
| HIG Hartford Insurance Group Inc. | Reduce -62.6% | 0.08% | −0.42 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -24.9% | 0.24% | −0.37 |
| DFS Discover Financial Services | Reduce -72.5% | 0.06% | −0.35 |
| FITB Fifth Third Bancorp | Reduce -65.3% | 0.06% | −0.32 |
| ETR Entergy Corp. | Reduce -74.6% | 0.05% | −0.31 |
| BRO Brown & Brown Inc. | Reduce -42.7% | 0.10% | −0.31 |
| RJF Raymond James Financial Inc. | Reduce -59.9% | 0.09% | −0.29 |
| FSLR First Solar Inc. | Reduce -70.1% | 0.03% | −0.29 |
| WRB WR Berkley Corp. | Reduce -40.4% | 0.11% | −0.28 |
| DTE DTE Energy Company | Reduce -72.3% | 0.04% | −0.28 |
| NDAQ Nasdaq Inc. | Reduce -66.6% | 0.05% | −0.25 |
| CINF Cincinnati Financial Corp. | Reduce -62.3% | 0.05% | −0.25 |
| MKL Markel Group Inc. | Reduce -58.2% | 0.06% | −0.24 |
| CFG Citizens Financial Group | Reduce -64.2% | 0.05% | −0.24 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −0.24 |
| RF Regions Financial Corp. | Reduce -73.2% | 0.03% | −0.23 |
| AEE Ameren Corporation | Reduce -70.9% | 0.04% | −0.23 |
| GPC Genuine Parts Co. | Reduce -66.1% | 0.03% | −0.22 |
| EG Everest Group Ltd. | Reduce -77.5% | 0.02% | −0.22 |
| SYF Synchrony Financial | Reduce -73.3% | 0.04% | −0.20 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -27.9% | 0.07% | −0.20 |
| ULTA Ulta Beauty Inc. | Reduce -73.6% | 0.03% | −0.20 |
| CMS CMS Energy Corp. | Reduce -41.9% | 0.06% | −0.19 |
| ENPH Enphase Energy Inc. | Reduce -71.5% | 0.01% | −0.17 |
| EVRG Evergy Inc. | Sold out | 0.00% | −0.15 |
| ALB Albemarle Corp. | Reduce -70.3% | 0.02% | −0.13 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −0.12 |
| SO The Southern Co. | Reduce -9.0% | 0.07% | −0.12 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.12 |
| PTC PTC Inc. | Reduce -1.4% | 0.09% | −0.11 |
| DUK Duke Energy Corp. | Reduce -6.8% | 0.07% | −0.11 |
| BLK BlackRock Inc. | Reduce -13.0% | 0.07% | −0.10 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.08 |
| EXPD Expeditors Intl Wash Inc. | Reduce -0.7% | 0.05% | −0.08 |
| LKQ LKQ Corp. | Reduce -60.0% | 0.01% | −0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +1949.3% | 6.77% | +6.09 |
| NVDA Nvidia Corp. | Add +493.2% | 6.65% | +4.41 |
| MSFT Microsoft Corp. | Add +471.4% | 6.59% | +3.99 |
| AMZN Amazon.com Inc. | Add +1782.4% | 4.29% | +3.86 |
| AVGO Broadcom Inc. | Add +609.4% | 2.73% | +2.10 |
| JPM JPMorgan Chase & Co. | Add +457.7% | 1.76% | +1.14 |
| LLY Eli Lilly & Co. | Add +500.3% | 1.70% | +0.98 |
| V Visa Inc. Class A | Add +484.8% | 1.38% | +0.93 |
| WMT Walmart Inc. | Add +1707.6% | 0.90% | +0.80 |
| PG The Procter & Gamble Co. | Add +1709.5% | 0.90% | +0.79 |
| MA Mastercard Inc. Class A | Add +459.7% | 1.14% | +0.72 |
| HD Home Depot Inc. | Add +559.5% | 1.08% | +0.70 |
| UNH Unitedhealth Group Inc. | Add +440.4% | 1.21% | +0.64 |
| CRM Salesforce Inc. | Add +568.5% | 0.82% | +0.60 |
| BAC Bank of America Corp. | Add +381.9% | 0.80% | +0.47 |
| ABBV Abbvie Inc. | Add +425.2% | 0.85% | +0.45 |
| ACN Accenture PLC Class A | Add +1412.3% | 0.52% | +0.45 |
| TMO Thermo Fisher Scientific Inc. | Add +1704.5% | 0.52% | +0.44 |
| NOW ServiceNow Inc. | Add +680.1% | 0.57% | +0.44 |
| MCD McDonald's Corp. | Add +1547.1% | 0.50% | +0.43 |
| ISRG Intuitive Surgical Inc. | Add +1332.7% | 0.48% | +0.41 |
| ABT Abbott Laboratories | Add +1480.2% | 0.47% | +0.41 |
| RY Royal Bank of Canada | Add +1600.9% | 0.46% | +0.40 |
| DIS The Walt Disney Co. | Add +624.8% | 0.50% | +0.37 |
| GS Goldman Sachs Group Inc. | Add +701.8% | 0.47% | +0.36 |
| CAT Caterpillar Inc. | Add +1278.6% | 0.43% | +0.36 |
| SPGI S&P Global Inc. | Add +1384.4% | 0.39% | +0.33 |
| PFE Pfizer Inc. | Add +1106.0% | 0.40% | +0.32 |
| SYK Stryker Corp. | Add +1695.0% | 0.36% | +0.31 |
| AMD Advanced Micro Devices | Add +675.9% | 0.50% | +0.31 |
| IBM Intl Business Machines Corp. | New | 0.30% | +0.30 |
| INTU Intuit Inc. | Add +474.5% | 0.49% | +0.30 |
| ADBE Adobe Inc. | Add +461.6% | 0.53% | +0.29 |
| CSCO Cisco Systems Inc. | Add +520.4% | 0.42% | +0.28 |
| ORCL Oracle Corp. | Add +237.2% | 0.82% | +0.27 |
| MS Morgan Stanley | New | 0.27% | +0.27 |
| DHR Danaher Corp. | Add +643.7% | 0.42% | +0.27 |
| MRK Merck & Co. Inc. | Add +302.9% | 0.71% | +0.27 |
| CMCSA Comcast Corp. Class A | Add +629.9% | 0.38% | +0.25 |
| ETN Eaton Corp. PLC | Add +607.7% | 0.37% | +0.25 |
| ANET Arista Networks Inc. | Add +554.7% | 0.34% | +0.24 |
| PEP Pepsico Inc. | Add +292.9% | 0.64% | +0.24 |
| UBER Uber Technologies Inc. | New | 0.24% | +0.24 |
| TXN Texas Instruments Inc. | Add +356.6% | 0.48% | +0.22 |
| AMAT Applied Materials Inc. | Add +611.5% | 0.36% | +0.22 |
| GE General Electric | Add +402.8% | 0.41% | +0.21 |
| QCOM Qualcomm Inc. | Add +812.1% | 0.28% | +0.21 |
| C Citigroup Inc. | New | 0.20% | +0.20 |
| AXP American Express Co. | Add +538.7% | 0.28% | +0.19 |
| CDNS Cadence Design SYS Inc. | Add +229.7% | 0.49% | +0.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 493 | $40.7B | NVDA, AAPL, MSFT, AVGO, AMZN |
| Q1 2026 | 513 | $31.6B | MSFT, NVDA, AVGO, AMZN, AAPL |
| Q4 2025 | 540 | $35.2B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q3 2025 | 528 | $35.6B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q2 2025 | 539 | $33.8B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q1 2025 | 548 | $32.2B | AAPL, MSFT, NVDA, AMZN, AVGO |
| Q4 2024 | 548 | $35.9B | AAPL, NVDA, MSFT, AMZN, AVGO |
| Q3 2024 | 407 | $15.1B | FERG, ROL, ZBRA, TRU, WST |
| Q2 2024 | 650 | $56.1B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 716 | $57.1B | MSFT, AAPL, AMZN, NVDA, META |