APG Asset Management N.V.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), APG Asset Management N.V. reported 513 stock positions worth $31.6 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Nvidia (NVDA, 5.7%) and Broadcom (AVGO, 4.6%). Compared with Q4 2025, it opened 4 new positions, sold out of 31, added to 139 and reduced 366. The biggest buy was Costco Wholesale (COST, shares +13%) and the biggest sale Nvidia (NVDA, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- Amsterdam, P7
- CIK
- 0001434819
- Portfolio Value
- $31.6B (Q1 2026)
- SEC Filing
- 0001434819-26-000005 ↗ filed May 13, 2026
Holdings Value
Holdings 513 stocks · $31.6B
| MSFT Microsoft Corp. | 5.76% | 5,656,313 | $1.8B | Reduce -15.4% |
| NVDA Nvidia Corp. | 5.67% | 11,820,764 | $1.8B | Reduce -37.5% |
| AVGO Broadcom Inc. | 4.63% | 5,443,271 | $1.5B | Add +4.0% |
| AMZN Amazon.com Inc. | 4.32% | 7,547,056 | $1.4B | Add +2.3% |
| AAPL Apple Inc. | 4.11% | 5,891,986 | $1.3B | Reduce -41.1% |
| LLY Eli Lilly & Co. | 2.94% | 1,161,712 | $927.4M | Add +32.7% |
| JPM JPMorgan Chase & Co. | 2.72% | 3,362,145 | $858.4M | Add +16.5% |
| COST Costco Wholesale Corp. | 2.08% | 759,919 | $657.2M | Add +13.1% |
| MA Mastercard Inc. Class A | 1.95% | 1,416,130 | $614.1M | Add +7.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.32% | 3,011,334 | $417.4M | Add +12.6% |
| TMO Thermo Fisher Scientific Inc. | 1.26% | 932,138 | $397.7M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.14% | 863,760 | $359.2M | Add +17.3% |
| CDNS Cadence Design SYS Inc. | 1.09% | 1,422,149 | $343.0M | Add +2.1% |
| FERG Ferguson Enterprises Inc. | 1.04% | 1,619,594 | $327.9M | Reduce -11.6% |
| V Visa Inc. Class A | 1.02% | 1,222,792 | $320.8M | Add +14.7% |
| WMT Walmart Inc. | 0.97% | 2,826,106 | $304.8M | Add +21.0% |
| SYK Stryker Corp. | 0.96% | 1,064,632 | $303.6M | Add +14.3% |
| PGR Progressive Corp. | 0.92% | 1,682,893 | $289.5M | Add +3.1% |
| ISRG Intuitive Surgical Inc. | 0.90% | 708,812 | $283.6M | Add +3.3% |
| TYL Tyler Technologies Inc. | 0.89% | 939,990 | $279.3M | Add +42.3% |
| WST West Pharmaceutical Services | 0.87% | 1,267,282 | $275.7M | Add +5.7% |
| FITB Fifth Third Bancorp | 0.86% | 6,749,043 | $272.1M | Add +2.2% |
| ANET Arista Networks Inc. | 0.86% | 2,532,613 | $269.9M | Reduce -0.8% |
| MCO Moody's Corp. | 0.82% | 684,104 | $259.0M | Add +20.2% |
| ABBV Abbvie Inc. | 0.75% | 1,248,938 | $235.8M | Add +10.4% |
| NFLX Netflix Inc. | 0.73% | 2,770,799 | $231.2M | Add +9.4% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.70% | 1,177,502 | $221.3M | Reduce -0.5% |
| MU Micron Technology Inc. | 0.70% | 751,058 | $220.2M | Add +15.1% |
| CBRE CBRE Group Inc. Class A | 0.69% | 1,847,031 | $217.1M | Add +15.8% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.68% | 1,562,882 | $214.4M | Reduce -0.0% |
| MSA Msa Safety Inc. | 0.68% | 1,497,591 | $213.1M | No change |
| PG The Procter & Gamble Co. | 0.67% | 1,679,530 | $210.5M | Add +7.6% |
| IR Ingersoll-Rand Inc. | 0.67% | 3,026,272 | $210.4M | Reduce -0.1% |
| HD Home Depot Inc. | 0.66% | 727,286 | $207.6M | Add +9.7% |
| LPLA LPL Financial Holdings Inc. | 0.64% | 772,692 | $201.7M | Add +3.9% |
| ROL Rollins Inc. | 0.63% | 4,261,456 | $197.5M | Reduce -19.0% |
| TSCO Tractor Supply Company | 0.59% | 4,775,656 | $187.8M | Add +15.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 4,343,196 | $183.8M | Add +5.2% |
| GE General Electric filed as GE AEROSPACE | 0.58% | 741,392 | $182.6M | Add +6.2% |
| CSCO Cisco Systems Inc. | 0.57% | 2,694,269 | $181.4M | Add +19.5% |
| MRK Merck & Co. Inc. | 0.56% | 1,708,121 | $178.3M | Add +3.3% |
| AMD Advanced Micro Devices | 0.53% | 947,525 | $167.3M | Add +2.6% |
| KO The Coca-Cola Co. | 0.52% | 2,473,170 | $163.2M | Add +7.7% |
| LIN Linde PLC | 0.49% | 363,099 | $156.2M | Add +0.6% |
| LRCX Lam Research Corp. | 0.49% | 832,592 | $154.4M | Add +12.9% |
| AMAT Applied Materials Inc. | 0.48% | 514,499 | $152.6M | Add +14.8% |
| ORCL Oracle Corp. | 0.42% | 1,047,253 | $133.7M | Reduce -1.7% |
| UNH Unitedhealth Group Inc. | 0.42% | 568,823 | $133.6M | Add +2.3% |
| PEP Pepsico Inc. | 0.42% | 982,387 | $132.4M | Add +2.7% |
| GS Goldman Sachs Group Inc. | 0.42% | 179,124 | $131.5M | Add +3.8% |
| WFC Wells Fargo & Co. | 0.41% | 1,860,402 | $128.5M | Add +2.5% |
| VZ Verizon Communications Inc. | 0.40% | 2,911,647 | $126.9M | Reduce -2.9% |
| APH Amphenol Corp. Class A | 0.39% | 1,120,056 | $122.8M | Reduce -21.5% |
| RY Royal Bank of Canada | 0.39% | 868,881 | $121.5M | Add +2.6% |
| AMGN Amgen Inc. | 0.38% | 395,935 | $120.9M | Reduce -4.2% |
| GILD Gilead Sciences Inc. | 0.38% | 994,609 | $120.3M | Add +1.2% |
| KLAC KLA Corp. | 0.36% | 89,463 | $114.3M | Add +12.0% |
| T AT&T Inc. | 0.35% | 4,404,850 | $110.8M | Add +0.3% |
| INTC Intel Corp. | 0.35% | 2,893,034 | $110.8M | Add +20.4% |
| BR Broadridge Financial Solutio | 0.35% | 775,505 | $109.4M | Reduce -12.3% |
| MCD McDonald's Corp. | 0.34% | 394,075 | $106.3M | Add +5.9% |
| NEE Nextera Energy Inc. | 0.34% | 1,315,708 | $106.1M | Add +6.6% |
| MS Morgan Stanley | 0.33% | 719,987 | $102.8M | Add +2.3% |
| CRM Salesforce Inc. | 0.32% | 616,161 | $99.8M | Add +1.3% |
| TXN Texas Instruments Inc. | 0.30% | 563,066 | $94.9M | Add +3.4% |
| C Citigroup Inc. | 0.30% | 961,487 | $94.6M | Add +0.6% |
| MCK McKesson Corp. | 0.28% | 117,182 | $88.0M | Reduce -4.9% |
| GLW Corning Inc. | 0.28% | 736,826 | $87.0M | Reduce -8.8% |
| AXP American Express Co. | 0.27% | 325,194 | $85.4M | Add +2.0% |
| ABT Abbott Laboratories | 0.27% | 951,091 | $84.7M | Add +4.8% |
| SCHW Schwab (charles) Corp. | 0.27% | 1,030,160 | $84.0M | Reduce -1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 974,078 | $81.5M | Add +4.3% |
| ZBRA Zebra Technologies Corp. Class A | 0.26% | 448,257 | $81.3M | Reduce -37.6% |
| BLK BlackRock Inc. | 0.25% | 94,758 | $79.1M | Add +0.1% |
| PANW Palo Alto Networks Inc. | 0.25% | 567,684 | $79.0M | Add +18.0% |
| DE Deere & Co. | 0.25% | 160,259 | $78.3M | Add +2.6% |
| UBER Uber Technologies Inc. | 0.25% | 1,250,325 | $78.1M | Add +2.6% |
| CL Colgate-Palmolive Co. | 0.24% | 1,028,399 | $76.1M | Reduce -6.2% |
| UNP Union Pacific Corp. | 0.24% | 360,112 | $75.8M | Add +2.1% |
| SHOP Shopify Inc. Class A | 0.24% | 726,577 | $74.8M | Add +1.8% |
| PFE Pfizer Inc. | 0.24% | 3,044,539 | $74.2M | Add +3.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.23% | 191,385 | $74.2M | Add +1.6% |
| CB Chubb Ltd. | 0.23% | 259,891 | $73.5M | Reduce -4.2% |
| PLD Prologis Inc. | 0.23% | 640,063 | $73.4M | Add +4.0% |
| ADI Analog Devices Inc. | 0.23% | 265,332 | $73.3M | Add +3.0% |
| ETN Eaton Corp. PLC | 0.23% | 231,939 | $72.0M | Add +2.1% |
| WM Waste Management Inc. | 0.23% | 356,997 | $71.2M | Reduce -11.3% |
| TMUS T-Mobile US Inc. | 0.23% | 390,317 | $71.1M | Reduce -7.1% |
| INTU Intuit Inc. | 0.23% | 189,516 | $71.1M | Reduce -1.2% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 1,323,671 | $69.7M | Reduce -8.7% |
| WELL Welltower Inc. | 0.22% | 396,613 | $68.1M | Add +8.7% |
| LOW Lowe's Cos Inc. | 0.21% | 325,116 | $66.7M | Reduce -5.4% |
| DUK Duke Energy Corp. | 0.21% | 570,956 | $64.9M | Reduce -2.4% |
| QCOM Qualcomm Inc. | 0.20% | 571,533 | $63.9M | Reduce -6.4% |
| ACN Accenture PLC Class A | 0.20% | 366,275 | $63.0M | Reduce -5.1% |
| COF Capital One Financial Corp. | 0.20% | 397,764 | $63.0M | Add +0.3% |
| SO The Southern Co. | 0.20% | 745,401 | $62.4M | Reduce -1.2% |
| PH Parker Hannifin Corp. | 0.20% | 79,652 | $61.9M | Reduce -0.4% |
| HCA HCA Healthcare Inc. | 0.19% | 148,997 | $61.2M | Add +4.1% |
| CME Cme Group Inc. | 0.19% | 234,686 | $60.2M | Reduce -3.2% |
Portfolio Sells Q4 2025 → Q1 2026
| NVDA Nvidia Corp. | Reduce -37.5% | 5.67% | −2.86 |
| AAPL Apple Inc. | Reduce -41.1% | 4.11% | −2.46 |
| MSFT Microsoft Corp. | Reduce -15.4% | 5.76% | −2.06 |
| STE Steris PLC | Reduce -92.3% | 0.05% | −0.57 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -37.6% | 0.26% | −0.16 |
| ROL Rollins Inc. | Reduce -19.0% | 0.63% | −0.14 |
| BR Broadridge Financial Solutio | Reduce -12.3% | 0.35% | −0.13 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.10 |
| INTU Intuit Inc. | Reduce -1.2% | 0.23% | −0.08 |
| ORCL Oracle Corp. | Reduce -1.7% | 0.42% | −0.08 |
| APH Amphenol Corp. Class A | Reduce -21.5% | 0.39% | −0.08 |
| BSX Boston Scientific Corp. | Reduce -9.4% | 0.15% | −0.07 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.07 |
| ADBE Adobe Inc. | Reduce -8.9% | 0.16% | −0.06 |
| NOW ServiceNow Inc. | Reduce -0.7% | 0.18% | −0.05 |
| ACN Accenture PLC Class A | Reduce -5.1% | 0.20% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -6.4% | 0.20% | −0.05 |
| AJG Arthur J Gallagher & Co. | Reduce -0.5% | 0.70% | −0.04 |
| SNPS Synopsys Inc. | Reduce -17.4% | 0.14% | −0.04 |
| HOOD Robinhood Markets Inc. Class A | Reduce -0.1% | 0.08% | −0.03 |
| DHR Danaher Corp. | Reduce -8.9% | 0.18% | −0.03 |
| WDAY Workday Inc. Class A | Reduce -10.7% | 0.05% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -21.5% | 0.06% | −0.03 |
| NXPI NXP Semiconductors NV | Reduce -20.4% | 0.12% | −0.03 |
| BAP Credicorp Ltd. | Sold out | 0.00% | −0.03 |
| ELV Elevance Health Inc. | Reduce -11.3% | 0.13% | −0.02 |
| CTSH Cognizant Tech Solutions-A | Reduce -12.0% | 0.07% | −0.02 |
| EL Estee Lauder Companies Class A | Reduce -36.1% | 0.02% | −0.02 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -6.8% | 0.12% | −0.02 |
| SNOW Snowflake Inc. | Reduce -0.1% | 0.08% | −0.02 |
| TEAM Atlassian Corp. Class A | Reduce -12.1% | 0.02% | −0.02 |
| FICO Fair Isaac Corp. | Reduce -13.8% | 0.04% | −0.02 |
| HUM Humana Inc. | Reduce -22.2% | 0.03% | −0.02 |
| IT Gartner Inc. | Reduce -14.5% | 0.03% | −0.02 |
| ADP Automatic Data Processing | Reduce -1.5% | 0.14% | −0.02 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.02 |
| GDDY GoDaddy Inc. Class A | Reduce -7.5% | 0.04% | −0.02 |
| SPGI S&P Global Inc. | Reduce -0.3% | 0.18% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -12.2% | 0.06% | −0.01 |
| CHKP Check Point Software Tech | Reduce -10.7% | 0.05% | −0.01 |
| TME Tencent Music Entertainm-ADR | Sold out | 0.00% | −0.01 |
| SBAC SBA Communications Corp. | Reduce -35.8% | 0.03% | −0.01 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.01 |
| TRI Thomson Reuters Corp. | Reduce -10.2% | 0.03% | −0.01 |
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −0.01 |
| AVB Avalonbay Communities Inc. | Reduce -24.5% | 0.04% | −0.01 |
| IQV Iqvia Holdings Inc. | Reduce -11.8% | 0.04% | −0.01 |
| MSCI MSCI Inc. | Reduce -23.7% | 0.06% | −0.01 |
| CFG Citizens Financial Group | Reduce -36.9% | 0.04% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| COST Costco Wholesale Corp. | Add +13.1% | 2.08% | +0.68 |
| LLY Eli Lilly & Co. | Add +32.7% | 2.94% | +0.66 |
| JPM JPMorgan Chase & Co. | Add +16.5% | 2.72% | +0.47 |
| WMT Walmart Inc. | Add +21.0% | 0.97% | +0.34 |
| TJX TJX Companies Inc. | Add +12.6% | 1.32% | +0.33 |
| AVGO Broadcom Inc. | Add +4.0% | 4.63% | +0.25 |
| MU Micron Technology Inc. | Add +15.1% | 0.70% | +0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +17.3% | 1.14% | +0.24 |
| AMZN Amazon.com Inc. | Add +2.3% | 4.32% | +0.21 |
| AMAT Applied Materials Inc. | Add +14.8% | 0.48% | +0.21 |
| LRCX Lam Research Corp. | Add +12.9% | 0.49% | +0.18 |
| SYK Stryker Corp. | Add +14.3% | 0.96% | +0.17 |
| TYL Tyler Technologies Inc. | Add +42.3% | 0.89% | +0.16 |
| NFLX Netflix Inc. | Add +9.4% | 0.73% | +0.16 |
| CSCO Cisco Systems Inc. | Add +19.5% | 0.57% | +0.16 |
| MRK Merck & Co. Inc. | Add +3.3% | 0.56% | +0.14 |
| INTC Intel Corp. | Add +20.4% | 0.35% | +0.14 |
| KO The Coca-Cola Co. | Add +7.7% | 0.52% | +0.13 |
| MA Mastercard Inc. Class A | Add +7.5% | 1.95% | +0.13 |
| KLAC KLA Corp. | Add +12.0% | 0.36% | +0.13 |
| PG The Procter & Gamble Co. | Add +7.6% | 0.67% | +0.13 |
| LIN Linde PLC | Add +0.6% | 0.49% | +0.12 |
| ABBV Abbvie Inc. | Add +10.4% | 0.75% | +0.12 |
| MCO Moody's Corp. | Add +20.2% | 0.82% | +0.12 |
| FITB Fifth Third Bancorp | Add +2.2% | 0.86% | +0.12 |
| V Visa Inc. Class A | Add +14.7% | 1.02% | +0.11 |
| HD Home Depot Inc. | Add +9.7% | 0.66% | +0.11 |
| NEE Nextera Energy Inc. | Add +6.6% | 0.34% | +0.10 |
| TSCO Tractor Supply Company | Add +15.1% | 0.59% | +0.09 |
| GILD Gilead Sciences Inc. | Add +1.2% | 0.38% | +0.09 |
| PEP Pepsico Inc. | Add +2.7% | 0.42% | +0.09 |
| T AT&T Inc. | Add +0.3% | 0.35% | +0.09 |
| WST West Pharmaceutical Services | Add +5.7% | 0.87% | +0.08 |
| STX Seagate Technology Holdings | Add +17.9% | 0.16% | +0.07 |
| DE Deere & Co. | Add +2.6% | 0.25% | +0.07 |
| TXN Texas Instruments Inc. | Add +3.4% | 0.30% | +0.07 |
| CBRE CBRE Group Inc. Class A | Add +15.8% | 0.69% | +0.07 |
| ADI Analog Devices Inc. | Add +3.0% | 0.23% | +0.06 |
| MCD McDonald's Corp. | Add +5.9% | 0.34% | +0.06 |
| GE General Electric | Add +6.2% | 0.58% | +0.06 |
| PFE Pfizer Inc. | Add +3.5% | 0.24% | +0.06 |
| ETN Eaton Corp. PLC | Add +2.1% | 0.23% | +0.05 |
| AMD Advanced Micro Devices | Add +2.6% | 0.53% | +0.05 |
| WELL Welltower Inc. | Add +8.7% | 0.22% | +0.05 |
| MRVL Marvell Technology Inc. | Add +12.8% | 0.15% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +3.8% | 0.42% | +0.05 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.05% | +0.05 |
| TER Teradyne Inc. | Add +27.5% | 0.09% | +0.05 |
| UNP Union Pacific Corp. | Add +2.1% | 0.24% | +0.04 |
| PLD Prologis Inc. | Add +4.0% | 0.23% | +0.04 |
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 |