APG Asset Management US Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), APG Asset Management US Inc. reported 171 stock positions worth $17.3 billion. Its top holding was Prologis (PLD) at 14.6% of the portfolio, followed by Digital Realty Trust (DLR, 7.5%) and Equinix (EQIX, 6.6%). Compared with Q4 2023, it opened 8 new positions, sold out of 24, added to 128 and reduced 18. The biggest buy was Nvidia (NVDA, shares +49%) and the biggest sale an exit from Ishr Ibx Usd Invgd CB ETF-Ui (LQD).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001323255
Portfolio Value
$17.3B (Q1 2024)
SEC Filing
0001323255-24-000010 ↗ filed May 14, 2024

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $17.3B $17.3B Q1 2024 Q2 2024: $17.5B Q2 2024 Q3 2024: $14.8B Q3 2024 Q4 2024: $13.2B Q4 2024 Q1 2025: $13.1B Q1 2025 Q2 2025: $13.4B Q2 2025 Q3 2025: $13.6B Q3 2025 Q4 2025: $12.8B Q4 2025 Q1 2026: $13.0B Q1 2026 Q2 2026: $14.3B Q2 2026

Holdings 171 stocks · $17.3B
PLD Prologis Inc. 14.61% 19,726,375 $2.5B Reduce -0.1%
DLR Digital Realty Trust Inc. 7.54% 9,180,030 $1.3B Reduce -0.8%
EQIX Equinix Inc. 6.57% 1,417,952 $1.1B Add +0.5%
ARE Alexandria Real Estate Equit 5.27% 7,256,939 $910.7M Add +0.6%
VTR Ventas Inc. 4.18% 16,827,561 $721.2M Reduce -1.5%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 4.13% 11,598,251 $712.7M No change
PSA Public Storage 3.49% 2,102,117 $602.3M Add +1.3%
INVH Invitation Homes Inc. 3.39% 16,706,416 $585.9M No change
NVDA Nvidia Corp. 2.85% 544,259 $491.8M Add +48.8%
BXP BXP Inc. filed as BOSTON PROPERTIES INC 2.73% 7,443,663 $471.1M No change
O Realty Income Corp. 2.60% 8,415,325 $449.9M Add +2.4%
COLD Americold Realty Trust Inc. 2.38% 16,773,401 $410.6M Reduce -1.8%
EXR Extra Space Storage Inc. 2.24% 2,637,515 $387.0M Reduce -6.5%
MAA Mid-America Apartment Comm 2.14% 2,869,500 $369.3M Reduce -2.2%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1.94% 4,346,000 $334.7M Add +36.0%
KIM Kimco Realty Corp. 1.63% 14,713,570 $280.9M Reduce -6.8%
MSFT Microsoft Corp. 1.30% 528,027 $224.2M Add +49.4%
AVGO Broadcom Inc. 1.22% 155,949 $210.6M Add +51.7%
KRC Kilroy Realty Corp. 1.10% 5,380,747 $189.2M No change
CUZ Cousins Properties Inc. 1.07% 7,963,581 $184.4M No change
REG Regency Centers Corp. 1.06% 3,064,603 $182.8M No change
HR Healthcare Realty Trust Inc. 1.03% 12,566,887 $177.3M No change
AAPL Apple Inc. 1.01% 1,030,492 $175.2M Add +31.7%
UNH Unitedhealth Group Inc. 0.95% 334,236 $163.7M Add +53.9%
LLY Eli Lilly & Co. 0.89% 202,742 $154.2M Add +46.0%
MRK Merck & Co. Inc. 0.77% 1,014,859 $132.9M Add +49.7%
CRM Salesforce Inc. 0.72% 410,908 $124.2M Add +50.9%
SPG Simon Property Group Inc. 0.70% 787,061 $120.8M Add +6.1%
JNJ Johnson & Johnson 0.63% 686,103 $108.3M Add +45.9%
AVB Avalonbay Communities Inc. 0.61% 584,923 $106.1M No change
WELL Welltower Inc. 0.61% 1,152,867 $106.1M Add +19.2%
AMD Advanced Micro Devices 0.61% 574,944 $105.4M Add +77.7%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.58% 3,361,736 $99.5M No change
ORCL Oracle Corp. 0.55% 760,126 $95.4M Add +84.8%
ABBV Abbvie Inc. 0.53% 505,062 $91.3M Add +46.0%
TMO Thermo Fisher Scientific Inc. 0.48% 144,026 $83.2M Add +55.7%
QCOM Qualcomm Inc. 0.34% 341,936 $58.7M Add +53.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.34% 308,796 $58.6M Add +90.9%
INTC Intel Corp. 0.33% 1,289,131 $57.4M Add +53.7%
ACN Accenture PLC Class A 0.33% 166,429 $56.4M Add +43.8%
ADBE Adobe Inc. 0.32% 110,432 $55.4M Add +43.7%
INTU Intuit Inc. 0.32% 85,638 $54.8M Add +52.5%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.31% 428,979 $53.8M No change
AMAT Applied Materials Inc. 0.31% 254,060 $53.0M Add +51.7%
DHR Danaher Corp. 0.29% 202,657 $50.2M Add +47.4%
ABT Abbott Laboratories 0.29% 443,681 $49.7M Add +47.8%
ANET Arista Networks Inc. 0.29% 164,379 $49.3M Add +32.2%
NOW ServiceNow Inc. 0.28% 62,699 $48.2M Add +53.4%
FRT Federal Realty Invs Trust 0.27% 470,232 $47.4M No change
WPC WP Carey Inc. 0.26% 791,037 $44.4M No change
AMGN Amgen Inc. 0.25% 155,089 $43.9M Add +47.9%
ZTS Zoetis Inc. 0.25% 259,127 $43.3M Add +78.0%
ISRG Intuitive Surgical Inc. 0.25% 108,400 $42.8M Add +58.0%
MU Micron Technology Inc. 0.24% 337,596 $42.0M Add +53.8%
TRNO Terreno Realty Corp. 0.24% 645,205 $41.4M Reduce -20.9%
LRCX Lam Research Corp. 0.23% 40,312 $39.6M Add +53.1%
RHP Ryman Hospitality Properties 0.23% 335,800 $38.9M No change
DELL Dell Technologies -C 0.23% 325,105 $38.9M Add +60.5%
SYK Stryker Corp. 0.22% 106,824 $37.9M Add +60.0%
WDAY Workday Inc. Class A 0.21% 131,821 $35.9M Add +44.9%
HCA HCA Healthcare Inc. 0.21% 107,634 $35.5M Add +44.6%
IT Gartner Inc. 0.20% 72,264 $34.5M Add +106.3%
CSCO Cisco Systems Inc. 0.20% 676,291 $33.8M Add +19.6%
MSI Motorola Solutions Inc. 0.20% 95,303 $33.7M Add +185.7%
MCK McKesson Corp. 0.19% 62,417 $33.5M Add +85.7%
VRTX Vertex Pharmaceuticals Inc. 0.18% 74,372 $31.3M Add +47.5%
DOC Healthpeak Properties Inc. 0.18% 1,665,784 $30.9M Add +19.6%
ADI Analog Devices Inc. 0.17% 151,731 $29.8M Add +52.9%
REGN Regeneron Pharmaceuticals 0.17% 30,639 $29.7M Add +46.4%
KLAC KLA Corp. 0.17% 41,553 $29.5M Add +53.1%
HST Host Hotels & Resorts Inc. 0.17% 1,415,000 $29.3M New
SBRA Sabra Health Care REIT Inc. 0.17% 1,987,962 $29.2M Add +24.8%
AMH American Homes 4 Rent- A 0.17% 803,932 $29.2M Add +21.1%
SHOP Shopify Inc. Class A 0.17% 367,775 $28.8M Add +100.8%
BSX Boston Scientific Corp. 0.17% 419,278 $28.6M Add +46.1%
TRMB Trimble Inc. 0.16% 445,896 $28.2M New
CI The Cigna Group 0.16% 74,969 $27.3M Add +44.3%
WST West Pharmaceutical Services 0.16% 68,320 $27.1M Add +46.0%
PANW Palo Alto Networks Inc. 0.16% 96,451 $27.0M Add +56.0%
SNPS Synopsys Inc. 0.16% 46,475 $26.8M Add +52.6%
GILD Gilead Sciences Inc. 0.15% 361,120 $26.3M Add +47.8%
NTST Netstreit Corp. 0.15% 1,439,683 $26.3M Reduce -11.9%
CDNS Cadence Design SYS Inc. 0.15% 83,186 $26.0M Add +52.7%
DXCM Dexcom Inc. 0.15% 183,963 $25.4M Add +87.0%
IDXX Idexx Laboratories Inc. 0.15% 47,438 $25.3M Add +105.7%
IQV Iqvia Holdings Inc. 0.14% 98,390 $24.5M Add +45.7%
CUBE Cubesmart 0.14% 540,000 $24.3M Add +208.6%
HUM Humana Inc. 0.13% 65,714 $23.1M Add +102.0%
ADC Agree Realty Corp. 0.13% 399,158 $22.8M No change
ZBH Zimmer Biomet Holdings Inc. 0.13% 174,195 $22.6M Add +45.9%
ZBRA Zebra Technologies Corp. Class A 0.13% 75,055 $22.6M Add +35.6%
CRWD CrowdStrike Holdings Inc. Class A 0.13% 69,642 $22.3M Add +54.8%
ELV Elevance Health Inc. 0.12% 40,750 $21.0M Add +31.5%
ELS Equity Lifestyle Properties 0.12% 330,707 $20.9M No change
BRX Brixmor Property Group Inc. 0.12% 920,000 $20.9M New
APH Amphenol Corp. Class A 0.12% 182,138 $20.8M Add +52.7%
BDX Becton Dickinson and Co. 0.12% 81,533 $19.9M Add +45.8%
NXPI NXP Semiconductors NV 0.11% 78,805 $19.4M Add +52.8%
MRVL Marvell Technology Inc. 0.11% 264,521 $19.4M Add +53.9%
MDT Medtronic PLC 0.11% 211,068 $18.4M Add +12.0%

Show all 171 holdings

Portfolio Sells Q4 2023 → Q1 2024
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −2.11
PLD Prologis Inc. Reduce -0.1% 14.61% −1.52
VTR Ventas Inc. Reduce -1.5% 4.18% −1.04
COLD Americold Realty Trust Inc. Reduce -1.8% 2.38% −0.79
EXR Extra Space Storage Inc. Reduce -6.5% 2.24% −0.53
KIM Kimco Realty Corp. Reduce -6.8% 1.63% −0.44
MAA Mid-America Apartment Comm Reduce -2.2% 2.14% −0.28
ROIC Retail Opportunity Investmen Reduce -71.9% 0.04% −0.11
TXN Texas Instruments Inc. Sold out 0.00% −0.10
DLR Digital Realty Trust Inc. Reduce -0.8% 7.54% −0.09
TRNO Terreno Realty Corp. Reduce -20.9% 0.24% −0.07
ROP Roper Technologies Inc. Sold out 0.00% −0.07
KEYS Keysight Technologies Inc. Reduce -52.6% 0.05% −0.06
CTSH Cognizant Tech Solutions-A Sold out 0.00% −0.05
OHI Omega Healthcare Investors Sold out 0.00% −0.04
PFE Pfizer Inc. Reduce -28.1% 0.08% −0.04
CAH Cardinal Health Inc. Sold out 0.00% −0.03
GLW Corning Inc. Sold out 0.00% −0.03
NET Cloudflare Inc. Class A Sold out 0.00% −0.03
HPE Hewlett Packard Enterprise Sold out 0.00% −0.03
NTST Netstreit Corp. Reduce -11.9% 0.15% −0.03
TDY Teledyne Technologies Inc. Sold out 0.00% −0.03
LH Laboratory CRP of Amer Hldgs Sold out 0.00% −0.02
TYL Tyler Technologies Inc. Sold out 0.00% −0.02
EPAM Epam Systems Inc. Sold out 0.00% −0.02
TER Teradyne Inc. Sold out 0.00% −0.02
CVS CVS Health Corp. Reduce -18.4% 0.06% −0.02
GDDY GoDaddy Inc. Class A Sold out 0.00% −0.02
BMY Bristol-Myers Squibb Co. Reduce -27.1% 0.04% −0.02
TWLO Twilio Inc. Class A Sold out 0.00% −0.02
MANH Manhattan Associates Inc. Sold out 0.00% −0.02
TFX Teleflex Inc. Sold out 0.00% −0.01
BSY Bentley Systems Inc. Class B Sold out 0.00% −0.01
MRNA Moderna Inc. Reduce -34.2% 0.03% −0.01
ANSS Ansys Inc. Reduce -26.2% 0.03% −0.01
LSCC Lattice Semiconductor Corp. Sold out 0.00% −0.01
RMD Resmed Inc. Reduce -41.4% 0.02% −0.01
VTRS Viatris Inc. Sold out 0.00% −0.01
DBX Dropbox Inc. Class A Sold out 0.00% −0.01
PHYSICIANS REALTY TRUST Sold out 0.00% −0.01
FTNT Fortinet Inc. Reduce -24.8% 0.04% −0.01
NLOP Net Lease Office Property Sold out 0.00% −0.01

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +48.8% 2.85% +1.74
AVGO Broadcom Inc. Add +51.7% 1.22% +0.52
MSFT Microsoft Corp. Add +49.4% 1.30% +0.48
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +36.0% 1.94% +0.42
LLY Eli Lilly & Co. Add +46.0% 0.89% +0.40
AMD Advanced Micro Devices Add +77.7% 0.61% +0.32
MRK Merck & Co. Inc. Add +49.7% 0.77% +0.32
ORCL Oracle Corp. Add +84.8% 0.55% +0.29
CRM Salesforce Inc. Add +50.9% 0.72% +0.28
UNH Unitedhealth Group Inc. Add +53.9% 0.95% +0.25
ABBV Abbvie Inc. Add +46.0% 0.53% +0.20
TMO Thermo Fisher Scientific Inc. Add +55.7% 0.48% +0.18
IBM Intl Business Machines Corp. Add +90.9% 0.34% +0.18
JNJ Johnson & Johnson Add +45.9% 0.63% +0.17
HST Host Hotels & Resorts Inc. New 0.17% +0.17
TRMB Trimble Inc. New 0.16% +0.16
QCOM Qualcomm Inc. Add +53.0% 0.34% +0.14
AMAT Applied Materials Inc. Add +51.7% 0.31% +0.14
MSI Motorola Solutions Inc. Add +185.7% 0.20% +0.13
DELL Dell Technologies -C Add +60.5% 0.23% +0.13
MU Micron Technology Inc. Add +53.8% 0.24% +0.13
BRX Brixmor Property Group Inc. New 0.12% +0.12
ISRG Intuitive Surgical Inc. Add +58.0% 0.25% +0.11
ANET Arista Networks Inc. Add +32.2% 0.29% +0.11
IT Gartner Inc. Add +106.3% 0.20% +0.10
LRCX Lam Research Corp. Add +53.1% 0.23% +0.10
INTU Intuit Inc. Add +52.5% 0.32% +0.10
NOW ServiceNow Inc. Add +53.4% 0.28% +0.10
MCK McKesson Corp. Add +85.7% 0.19% +0.10
SYK Stryker Corp. Add +60.0% 0.22% +0.10
DHR Danaher Corp. Add +47.4% 0.29% +0.10
CUBE Cubesmart Add +208.6% 0.14% +0.09
AAPL Apple Inc. Add +31.7% 1.01% +0.09
ABT Abbott Laboratories Add +47.8% 0.29% +0.09
HCA HCA Healthcare Inc. Add +44.6% 0.21% +0.08
WELL Welltower Inc. Add +19.2% 0.61% +0.08
SHOP Shopify Inc. Class A Add +100.8% 0.17% +0.08
ACN Accenture PLC Class A Add +43.8% 0.33% +0.08
ZTS Zoetis Inc. Add +78.0% 0.25% +0.07
KLAC KLA Corp. Add +53.1% 0.17% +0.07
INTC Intel Corp. Add +53.7% 0.33% +0.07
DXCM Dexcom Inc. Add +87.0% 0.15% +0.07
OLED Universal Display Corp. New 0.07% +0.07
WDC Western Digital Corp. Add +239.1% 0.09% +0.07
AMGN Amgen Inc. Add +47.9% 0.25% +0.07
IDXX Idexx Laboratories Inc. Add +105.7% 0.15% +0.07
JBL Jabil Inc. Add +255.5% 0.09% +0.06
BSX Boston Scientific Corp. Add +46.1% 0.17% +0.06
CI The Cigna Group Add +44.3% 0.16% +0.06
CDNS Cadence Design SYS Inc. Add +52.7% 0.15% +0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 61$14.3BPLD, DLR, EQIX, VTR, VMRK
Q1 2026 59$13.0BPLD, DLR, EQIX, VTR, VMRK
Q4 2025 57$12.8BPLD, DLR, EQIX, VTR, VMRK
Q3 2025 184$13.6BPLD, DLR, EQIX, VTR, VMRK
Q2 2025 189$13.4BPLD, DLR, EQIX, VMRK, VTR
Q1 2025 203$13.1BPLD, DLR, EQIX, VMRK, VTR
Q4 2024 205$13.2BPLD, DLR, EQIX, VMRK, VTR
Q3 2024 156$14.8BPLD, DLR, EQIX, VMRK, VTR
Q2 2024 168$17.5BPLD, DLR, EQIX, ARE, VMRK
Q1 2024 171$17.3BPLD, DLR, EQIX, ARE, VTR