APG Asset Management US Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), APG Asset Management US Inc. reported 205 stock positions worth $13.2 billion. Its top holding was Prologis (PLD) at 15.7% of the portfolio, followed by Digital Realty Trust (DLR, 11.7%) and Equinix (EQIX, 8.6%). Compared with Q3 2024, it opened 62 new positions, sold out of 13, added to 34 and reduced 80. The biggest buy was Vivmark Residential (VMRK, shares +1%) and the biggest sale Prologis (PLD, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001323255
- Portfolio Value
- $13.2B (Q4 2024)
- SEC Filing
- 0001323255-25-000003 ↗ filed Feb 13, 2025
Holdings Value
Holdings 205 stocks · $13.2B
| PLD Prologis Inc. | 15.71% | 19,593,356 | $2.1B | Reduce -1.1% |
| DLR Digital Realty Trust Inc. | 11.67% | 8,676,792 | $1.5B | Reduce -5.9% |
| EQIX Equinix Inc. | 8.58% | 1,199,243 | $1.1B | Reduce -14.5% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 6.35% | 11,664,576 | $837.0M | Add +0.5% |
| VTR Ventas Inc. | 5.20% | 11,636,519 | $685.3M | Reduce -9.5% |
| ARE Alexandria Real Estate Equit | 5.06% | 6,832,496 | $666.5M | Reduce -2.4% |
| PSA Public Storage | 4.91% | 2,161,039 | $647.1M | Reduce -1.8% |
| BXP BXP Inc. | 4.20% | 7,451,832 | $554.1M | Add +1.4% |
| INVH Invitation Homes Inc. | 4.03% | 16,599,146 | $530.7M | Reduce -1.3% |
| O Realty Income Corp. | 3.29% | 8,113,412 | $433.3M | Reduce -0.4% |
| MAA Mid-America Apartment Comm | 3.28% | 2,798,000 | $432.5M | No change |
| EXR Extra Space Storage Inc. | 2.88% | 2,533,561 | $379.0M | Reduce -1.8% |
| COLD Americold Realty Trust Inc. | 2.66% | 16,391,300 | $350.8M | Reduce -0.0% |
| KIM Kimco Realty Corp. | 2.49% | 13,993,199 | $327.9M | Reduce -5.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 2.45% | 4,100,500 | $322.5M | Reduce -31.9% |
| CUZ Cousins Properties Inc. | 1.83% | 7,853,306 | $240.6M | Add +0.3% |
| KRC Kilroy Realty Corp. | 1.34% | 4,380,886 | $177.2M | Reduce -14.5% |
| HR Healthcare Realty Trust Inc. | 1.31% | 10,148,808 | $172.0M | Reduce -18.9% |
| WELL Welltower Inc. | 1.28% | 1,338,117 | $168.6M | Add +1.8% |
| REG Regency Centers Corp. | 1.14% | 2,023,988 | $149.6M | Reduce -34.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.78% | 3,532,885 | $103.2M | Reduce -2.2% |
| SPG Simon Property Group Inc. | 0.72% | 554,153 | $95.4M | Reduce -35.7% |
| UDR Udr Inc. | 0.51% | 1,552,635 | $67.4M | Add +7.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.41% | 514,208 | $54.0M | Add +7.1% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.38% | 412,168 | $50.7M | Reduce -7.9% |
| DOC Healthpeak Properties Inc. | 0.38% | 2,470,270 | $50.1M | Add +26.5% |
| AVB Avalonbay Communities Inc. | 0.33% | 199,038 | $43.8M | Reduce -14.3% |
| WPC WP Carey Inc. | 0.31% | 760,019 | $41.4M | Reduce -2.2% |
| SBRA Sabra Health Care REIT Inc. | 0.29% | 2,206,617 | $38.2M | Reduce -2.2% |
| HST Host Hotels & Resorts Inc. | 0.28% | 2,078,389 | $36.4M | Add +85.3% |
| BRX Brixmor Property Group Inc. | 0.27% | 1,285,677 | $35.8M | Add +14.5% |
| AVGO Broadcom Inc. | 0.25% | 143,835 | $33.3M | Add +0.8% |
| REXR Rexford Industrial Realty Inc. | 0.25% | 840,689 | $32.5M | Reduce -9.9% |
| VNO Vornado Realty Trust | 0.23% | 733,774 | $30.8M | Add +13.1% |
| EPRT Essential Properties Realty | 0.22% | 908,199 | $28.4M | Reduce -2.2% |
| MSFT Microsoft Corp. | 0.20% | 62,095 | $26.2M | Add +12.2% |
| NVDA Nvidia Corp. | 0.20% | 192,837 | $25.9M | Reduce -24.7% |
| AKR Acadia Realty Trust | 0.19% | 1,053,152 | $25.4M | Add +23.5% |
| ADC Agree Realty Corp. | 0.19% | 360,343 | $25.4M | New |
| MAC The Macerich Co. | 0.18% | 1,206,172 | $24.0M | New |
| ESS Essex Property Trust Inc. | 0.18% | 82,813 | $23.6M | Reduce -23.8% |
| UE Urban Edge Properties | 0.18% | 1,076,955 | $23.2M | Add +73.5% |
| RHP Ryman Hospitality Properties | 0.16% | 201,366 | $21.0M | Reduce -27.5% |
| SKT Tanger Inc. | 0.16% | 613,981 | $21.0M | New |
| FRT Federal Realty Invs Trust | 0.15% | 180,824 | $20.2M | New |
| NTST Netstreit Corp. | 0.12% | 1,139,263 | $16.1M | Reduce -2.2% |
| NSA National Storage Affiliates | 0.12% | 402,093 | $15.2M | Add +14.9% |
| CURB Curbline Properties Corp. | 0.12% | 654,348 | $15.2M | Reduce -14.9% |
| S Sentinelone Inc. Class A | 0.10% | 595,742 | $13.2M | New |
| SITC Site Centers Corp. filed as SITE CTRS CORP | 0.09% | 802,381 | $12.3M | Add +108.7% |
| GRTUF Granite Real Estate Investme | 0.09% | 250,000 | $12.1M | No change |
| LLY Eli Lilly & Co. | 0.09% | 14,917 | $11.5M | Add +11.6% |
| CRM Salesforce Inc. | 0.08% | 32,125 | $10.7M | Reduce -33.0% |
| IRT Independence Realty Trust Inc. | 0.07% | 489,137 | $9.7M | Reduce -2.2% |
| UNH Unitedhealth Group Inc. | 0.07% | 19,083 | $9.7M | Reduce -26.4% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.07% | 483,116 | $9.1M | New |
| ORCL Oracle Corp. | 0.07% | 52,339 | $8.7M | Reduce -29.5% |
| AHR American Healthcare REIT Inc. | 0.06% | 292,952 | $8.3M | No change |
| SHO Sunstone Hotel Investors Inc. | 0.06% | 662,011 | $7.8M | New |
| LINE Lineage Inc. | 0.05% | 119,081 | $7.0M | No change |
| NOW ServiceNow Inc. | 0.05% | 6,386 | $6.8M | No change |
| CSCO Cisco Systems Inc. | 0.05% | 113,779 | $6.7M | Add +40.5% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.05% | 329,763 | $6.5M | New |
| ABBV Abbvie Inc. | 0.05% | 36,502 | $6.5M | Reduce -11.3% |
| INTU Intuit Inc. | 0.05% | 9,828 | $6.2M | Add +15.4% |
| AMD Advanced Micro Devices | 0.05% | 50,949 | $6.2M | Add +2.9% |
| QCOM Qualcomm Inc. | 0.04% | 35,068 | $5.4M | Add +2.9% |
| MRK Merck & Co. Inc. | 0.04% | 52,382 | $5.2M | Reduce -33.1% |
| MPT Medical Properties Trust Inc. | 0.04% | 1,318,696 | $5.2M | New |
| ADBE Adobe Inc. | 0.04% | 11,424 | $5.1M | Add +11.1% |
| PLTR Palantir Technologies Inc. Class A | 0.04% | 62,734 | $4.7M | New |
| ANET Arista Networks Inc. | 0.03% | 39,012 | $4.3M | Reduce -27.1% |
| TXN Texas Instruments Inc. | 0.03% | 22,549 | $4.2M | Reduce -15.9% |
| TMO Thermo Fisher Scientific Inc. | 0.03% | 7,894 | $4.1M | New |
| SHOP Shopify Inc. Class A | 0.03% | 38,167 | $4.1M | Add +4.4% |
| ISRG Intuitive Surgical Inc. | 0.03% | 7,343 | $3.8M | New |
| PANW Palo Alto Networks Inc. | 0.03% | 20,632 | $3.8M | Add +5.2% |
| AMAT Applied Materials Inc. | 0.03% | 22,072 | $3.6M | Reduce -13.3% |
| PFE Pfizer Inc. | 0.02% | 117,103 | $3.1M | Add +249.1% |
| DHR Danaher Corp. | 0.02% | 13,432 | $3.1M | Reduce -14.0% |
| MRVL Marvell Technology Inc. | 0.02% | 26,667 | $2.9M | No change |
| MU Micron Technology Inc. | 0.02% | 34,903 | $2.9M | Add +4.0% |
| AMGN Amgen Inc. | 0.02% | 11,104 | $2.9M | Reduce -10.8% |
| LRCX Lam Research Corp. | 0.02% | 39,960 | $2.9M | New |
| BSX Boston Scientific Corp. | 0.02% | 30,432 | $2.7M | Reduce -10.9% |
| INTC Intel Corp. | 0.02% | 134,606 | $2.7M | Add +13.3% |
| KLAC KLA Corp. | 0.02% | 4,134 | $2.6M | No change |
| SYK Stryker Corp. | 0.02% | 7,087 | $2.6M | New |
| APH Amphenol Corp. Class A | 0.02% | 36,408 | $2.5M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.02% | 7,326 | $2.5M | Add +5.5% |
| CDNS Cadence Design SYS Inc. | 0.02% | 8,249 | $2.5M | No change |
| MSI Motorola Solutions Inc. | 0.02% | 5,252 | $2.4M | Reduce -34.9% |
| GILD Gilead Sciences Inc. | 0.02% | 25,728 | $2.4M | Reduce -11.2% |
| BMY Bristol-Myers Squibb Co. | 0.02% | 41,897 | $2.4M | Add +42.7% |
| SNPS Synopsys Inc. | 0.02% | 4,616 | $2.2M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.02% | 5,334 | $2.1M | Reduce -11.1% |
| APP AppLovin Corp. Class A | 0.02% | 6,546 | $2.1M | New |
| ADSK Autodesk Inc. | 0.02% | 6,768 | $2.0M | New |
| FTNT Fortinet Inc. | 0.01% | 20,467 | $1.9M | New |
| ELV Elevance Health Inc. | 0.01% | 4,792 | $1.8M | Add +57.6% |
Portfolio Sells Q3 2024 → Q4 2024
| PLD Prologis Inc. | Reduce -1.1% | 15.71% | −0.99 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -31.9% | 2.45% | −0.81 |
| ARE Alexandria Real Estate Equit | Reduce -2.4% | 5.06% | −0.49 |
| PSA Public Storage | Reduce -1.8% | 4.91% | −0.45 |
| COLD Americold Realty Trust Inc. | Reduce -0.0% | 2.66% | −0.42 |
| REG Regency Centers Corp. | Reduce -34.0% | 1.14% | −0.36 |
| VTR Ventas Inc. | Reduce -9.5% | 5.20% | −0.36 |
| SPG Simon Property Group Inc. | Reduce -35.7% | 0.72% | −0.27 |
| EXR Extra Space Storage Inc. | Reduce -1.8% | 2.88% | −0.24 |
| NNN NNN REIT Inc. | Sold out | 0.00% | −0.24 |
| HR Healthcare Realty Trust Inc. | Reduce -18.9% | 1.31% | −0.21 |
| O Realty Income Corp. | Reduce -0.4% | 3.29% | −0.19 |
| KRG Kite Realty Group Trust | Sold out | 0.00% | −0.13 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.10 |
| CUBE Cubesmart | Sold out | 0.00% | −0.08 |
| REXR Rexford Industrial Realty Inc. | Reduce -9.9% | 0.25% | −0.07 |
| ELS Equity Lifestyle Properties | Sold out | 0.00% | −0.04 |
| RHP Ryman Hospitality Properties | Reduce -27.5% | 0.16% | −0.04 |
| ROIC Retail Opportunity Investmen | Sold out | 0.00% | −0.04 |
| NHI Natl Health Investors Inc. | Sold out | 0.00% | −0.04 |
| ESS Essex Property Trust Inc. | Reduce -23.8% | 0.18% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -26.4% | 0.07% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -33.1% | 0.04% | −0.02 |
| SUI Sun Communities Inc. | Reduce -7.9% | 0.38% | −0.02 |
| VICI Vici Properties Inc. | Reduce -2.2% | 0.78% | −0.02 |
| ORCL Oracle Corp. | Reduce -29.5% | 0.07% | −0.02 |
| AVB Avalonbay Communities Inc. | Reduce -14.3% | 0.33% | −0.02 |
| IT Gartner Inc. | Reduce -65.9% | 0.01% | −0.02 |
| DT Dynatrace Inc. | Reduce -69.1% | 0.01% | −0.01 |
| ZTS Zoetis Inc. | Reduce -49.9% | 0.01% | −0.01 |
| HCA HCA Healthcare Inc. | Reduce -48.7% | 0.01% | −0.01 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -74.8% | 0.00% | −0.01 |
| WPC WP Carey Inc. | Reduce -2.2% | 0.31% | −0.01 |
| WST West Pharmaceutical Services | Reduce -74.3% | 0.00% | −0.01 |
| AKAM Akamai Technologies Inc. | Reduce -70.9% | 0.00% | −0.01 |
| WDAY Workday Inc. Class A | Reduce -47.2% | 0.01% | −0.01 |
| DELL Dell Technologies -C | Reduce -53.0% | 0.01% | −0.01 |
| NTST Netstreit Corp. | Reduce -2.2% | 0.12% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -13.3% | 0.03% | −0.01 |
| IQV Iqvia Holdings Inc. | Reduce -51.4% | 0.01% | −0.01 |
| CRM Salesforce Inc. | Reduce -33.0% | 0.08% | −0.01 |
| NVDA Nvidia Corp. | Reduce -24.7% | 0.20% | −0.01 |
| CDW CDW Corp. | Reduce -47.3% | 0.01% | −0.01 |
| HUM Humana Inc. | Reduce -57.0% | 0.00% | −0.01 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.01 |
| MSI Motorola Solutions Inc. | Reduce -34.9% | 0.02% | −0.01 |
| WIX Wix.com Ltd. | Reduce -79.3% | 0.00% | −0.01 |
| REGN Regeneron Pharmaceuticals | Reduce -10.7% | 0.01% | −0.01 |
| ABBV Abbvie Inc. | Reduce -11.3% | 0.05% | −0.01 |
| DHR Danaher Corp. | Reduce -14.0% | 0.02% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| VMRK Vivmark Residential | Add +0.5% | 6.35% | +0.55 |
| CUZ Cousins Properties Inc. | Add +0.3% | 1.83% | +0.27 |
| BXP BXP Inc. | Add +1.4% | 4.20% | +0.24 |
| ADC Agree Realty Corp. | New | 0.19% | +0.19 |
| MAC The Macerich Co. | New | 0.18% | +0.18 |
| SKT Tanger Inc. | New | 0.16% | +0.16 |
| FRT Federal Realty Invs Trust | New | 0.15% | +0.15 |
| WELL Welltower Inc. | Add +1.8% | 1.28% | +0.14 |
| HST Host Hotels & Resorts Inc. | Add +85.3% | 0.28% | +0.14 |
| S Sentinelone Inc. Class A | New | 0.10% | +0.10 |
| AVGO Broadcom Inc. | Add +0.8% | 0.25% | +0.09 |
| UE Urban Edge Properties | Add +73.5% | 0.18% | +0.09 |
| DOC Healthpeak Properties Inc. | Add +26.5% | 0.38% | +0.08 |
| UDR Udr Inc. | Add +7.8% | 0.51% | +0.07 |
| UMH Umh Properties Inc. | New | 0.07% | +0.07 |
| VNO Vornado Realty Trust | Add +13.1% | 0.23% | +0.06 |
| BRX Brixmor Property Group Inc. | Add +14.5% | 0.27% | +0.06 |
| SHO Sunstone Hotel Investors Inc. | New | 0.06% | +0.06 |
| AKR Acadia Realty Trust | Add +23.5% | 0.19% | +0.06 |
| CTO Cto Realty Growth Inc. | New | 0.05% | +0.05 |
| SITC Site Centers Corp. | Add +108.7% | 0.09% | +0.05 |
| MSFT Microsoft Corp. | Add +12.2% | 0.20% | +0.04 |
| MPT Medical Properties Trust Inc. | New | 0.04% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | New | 0.04% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | New | 0.03% | +0.03 |
| ISRG Intuitive Surgical Inc. | New | 0.03% | +0.03 |
| IRM Iron Mountain Inc. | Add +7.1% | 0.41% | +0.03 |
| CSCO Cisco Systems Inc. | Add +40.5% | 0.05% | +0.02 |
| LRCX Lam Research Corp. | New | 0.02% | +0.02 |
| SYK Stryker Corp. | New | 0.02% | +0.02 |
| PFE Pfizer Inc. | Add +249.1% | 0.02% | +0.02 |
| APP AppLovin Corp. Class A | New | 0.02% | +0.02 |
| ADSK Autodesk Inc. | New | 0.02% | +0.02 |
| FTNT Fortinet Inc. | New | 0.01% | +0.01 |
| ROP Roper Technologies Inc. | New | 0.01% | +0.01 |
| MSTR Strategy Inc. | New | 0.01% | +0.01 |
| INTU Intuit Inc. | Add +15.4% | 0.05% | +0.01 |
| SHOP Shopify Inc. Class A | Add +4.4% | 0.03% | +0.01 |
| GLW Corning Inc. | New | 0.01% | +0.01 |
| CTSH Cognizant Tech Solutions-A | New | 0.01% | +0.01 |
| HUBS HubSpot Inc. | New | 0.01% | +0.01 |
| NET Cloudflare Inc. Class A | New | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +42.7% | 0.02% | +0.01 |
| LLY Eli Lilly & Co. | Add +11.6% | 0.09% | +0.01 |
| ANSS Ansys Inc. | New | 0.01% | +0.01 |
| KEYS Keysight Technologies Inc. | New | 0.01% | +0.01 |
| GDDY GoDaddy Inc. Class A | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +5.2% | 0.03% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +5.5% | 0.02% | +0.01 |
| TYL Tyler Technologies Inc. | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 61 | $14.3B | PLD, DLR, EQIX, VTR, VMRK |
| Q1 2026 | 59 | $13.0B | PLD, DLR, EQIX, VTR, VMRK |
| Q4 2025 | 57 | $12.8B | PLD, DLR, EQIX, VTR, VMRK |
| Q3 2025 | 184 | $13.6B | PLD, DLR, EQIX, VTR, VMRK |
| Q2 2025 | 189 | $13.4B | PLD, DLR, EQIX, VMRK, VTR |
| Q1 2025 | 203 | $13.1B | PLD, DLR, EQIX, VMRK, VTR |
| Q4 2024 | 205 | $13.2B | PLD, DLR, EQIX, VMRK, VTR |
| Q3 2024 | 156 | $14.8B | PLD, DLR, EQIX, VMRK, VTR |
| Q2 2024 | 168 | $17.5B | PLD, DLR, EQIX, ARE, VMRK |
| Q1 2024 | 171 | $17.3B | PLD, DLR, EQIX, ARE, VTR |