APG Asset Management US Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), APG Asset Management US Inc. reported 189 stock positions worth $13.4 billion. Its top holding was Prologis (PLD) at 15.6% of the portfolio, followed by Digital Realty Trust (DLR, 11.0%) and Equinix (EQIX, 7.2%). Compared with Q1 2025, it opened 2 new positions, sold out of 16, added to 32 and reduced 26. The biggest buy was Ishr Ibx Usd Invgd CB ETF-Ui (LQD, shares +341%) and the biggest sale Alexandria Real Estate Equit (ARE, shares −2%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001323255
Portfolio Value
$13.4B (Q2 2025)
SEC Filing
0001323255-25-000026 ↗ filed Aug 12, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $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 $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 189 stocks · $13.4B
PLD Prologis Inc. 15.65% 19,629,905 $2.1B Add +0.2%
DLR Digital Realty Trust Inc. 11.04% 8,615,371 $1.5B No change
EQIX Equinix Inc. 7.18% 1,206,248 $959.4M Add +0.9%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 5.75% 11,430,639 $768.8M Reduce -0.8%
VTR Ventas Inc. 5.53% 11,758,485 $739.3M Add +1.1%
PSA Public Storage 4.84% 2,170,612 $647.0M Add +0.4%
INVH Invitation Homes Inc. 4.22% 17,222,569 $564.6M Add +3.8%
O Realty Income Corp. 3.73% 8,638,562 $499.3M Add +4.3%
ARE Alexandria Real Estate Equit 3.73% 6,693,105 $498.6M Reduce -2.0%
BXP BXP Inc. 3.65% 7,168,922 $488.3M Reduce -0.7%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 3.62% 4,428,000 $484.2M Add +340.6%
MAA Mid-America Apartment Comm 3.44% 3,084,318 $459.3M Add +0.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 3.24% 5,408,500 $433.6M Add +15.4%
EXR Extra Space Storage Inc. 2.85% 2,533,561 $381.3M No change
KIM Kimco Realty Corp. 2.00% 12,648,074 $267.9M No change
CUZ Cousins Properties Inc. 1.75% 7,860,791 $234.4M Add +1.6%
WELL Welltower Inc. 1.73% 1,521,684 $230.7M Add +7.1%
COLD Americold Realty Trust Inc. 1.68% 13,508,710 $224.9M No change
HR Healthcare Realty Trust Inc. 1.40% 11,855,023 $187.4M Add +16.8%
KRC Kilroy Realty Corp. 1.11% 4,287,628 $148.2M Reduce -7.0%
REG Regency Centers Corp. 1.08% 2,023,988 $143.9M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.85% 3,450,812 $113.8M No change
SPG Simon Property Group Inc. 0.66% 540,385 $88.8M Reduce -3.9%
UDR Udr Inc. 0.50% 1,645,459 $67.2M No change
ESS Essex Property Trust Inc. 0.45% 212,048 $60.4M Add +80.8%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.44% 582,174 $58.2M No change
SBRA Sabra Health Care REIT Inc. 0.41% 2,992,091 $54.8M Add +35.6%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.39% 412,168 $52.6M No change
WPC WP Carey Inc. 0.38% 812,241 $51.2M Add +6.9%
EGP Eastgroup Properties Inc. 0.34% 268,354 $45.1M Add +198.9%
DOC Healthpeak Properties Inc. 0.30% 2,273,351 $40.6M Reduce -14.6%
VNO Vornado Realty Trust 0.28% 971,534 $37.1M Add +32.4%
NVDA Nvidia Corp. 0.27% 235,394 $36.1M Add +18.4%
AVGO Broadcom Inc. 0.24% 123,408 $32.7M Reduce -16.0%
ADC Agree Realty Corp. 0.24% 435,343 $31.7M Add +20.8%
BKLN Invesco Senior Loan ETF 0.23% 1,480,000 $31.0M No change
BRX Brixmor Property Group Inc. 0.22% 1,144,399 $29.8M No change
FRT Federal Realty Invs Trust 0.22% 314,532 $29.6M Reduce -17.7%
MSFT Microsoft Corp. 0.22% 59,861 $29.5M Reduce -3.6%
EPRT Essential Properties Realty 0.21% 881,079 $28.2M Reduce -3.0%
SKT Tanger Inc. 0.21% 887,091 $27.5M Add +44.5%
AVB Avalonbay Communities Inc. 0.19% 127,416 $25.9M Reduce -12.4%
RHP Ryman Hospitality Properties 0.17% 226,742 $23.0M Add +12.6%
AKR Acadia Realty Trust 0.15% 1,053,152 $19.6M No change
MAC The Macerich Co. 0.13% 1,041,591 $17.1M Reduce -28.6%
UE Urban Edge Properties 0.13% 892,720 $16.8M No change
EPR Epr Properties filed as EPR PPTYS 0.13% 287,278 $16.8M Add +88.1%
NTST Netstreit Corp. 0.11% 879,877 $15.0M No change
GRTUF Granite Real Estate Investme 0.09% 250,000 $12.7M No change
CURB Curbline Properties Corp. 0.09% 549,403 $12.5M No change
LLY Eli Lilly & Co. 0.09% 14,917 $11.6M No change
ORCL Oracle Corp. 0.09% 52,339 $11.5M No change
NSA National Storage Affiliates 0.08% 344,780 $11.3M No change
AHR American Healthcare REIT Inc. 0.08% 292,952 $10.6M No change
LINE Lineage Inc. 0.07% 215,025 $9.3M Add +80.6%
CRM Salesforce Inc. 0.07% 34,139 $9.3M Add +6.3%
SITC Site Centers Corp. filed as SITE CTRS CORP 0.07% 802,381 $9.2M No change
ANET Arista Networks Inc. 0.07% 88,547 $8.8M Add +61.9%
HST Host Hotels & Resorts Inc. 0.06% 525,647 $8.3M Reduce -50.0%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.06% 483,116 $8.2M No change
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.06% 460,001 $8.1M No change
APH Amphenol Corp. Class A 0.06% 82,660 $8.1M Add +127.0%
INTU Intuit Inc. 0.06% 9,828 $7.7M No change
ABBV Abbvie Inc. 0.05% 36,776 $7.0M Add +0.8%
NOW ServiceNow Inc. 0.05% 6,386 $6.5M No change
UNH Unitedhealth Group Inc. 0.05% 19,083 $6.2M No change
PLTR Palantir Technologies Inc. Class A 0.04% 44,809 $5.9M Reduce -13.3%
AMD Advanced Micro Devices 0.04% 42,321 $5.8M Reduce -8.5%
ACN Accenture PLC Class A 0.04% 17,709 $5.4M New
VRE Veris Residential Inc. 0.04% 336,124 $5.0M No change
REXR Rexford Industrial Realty Inc. 0.04% 136,630 $4.9M Reduce -77.5%
LRCX Lam Research Corp. 0.04% 49,925 $4.8M Add +24.9%
SNPS Synopsys Inc. 0.04% 9,011 $4.7M Add +51.4%
PANW Palo Alto Networks Inc. 0.03% 23,464 $4.6M No change
ADBE Adobe Inc. 0.03% 11,424 $4.5M No change
QCOM Qualcomm Inc. 0.03% 28,052 $4.5M Reduce -12.1%
SHOP Shopify Inc. Class A 0.03% 38,167 $4.4M No change
MRK Merck & Co. Inc. 0.03% 52,382 $4.3M No change
CRWD CrowdStrike Holdings Inc. Class A 0.03% 8,697 $4.3M No change
MU Micron Technology Inc. 0.03% 34,903 $4.2M No change
ISRG Intuitive Surgical Inc. 0.03% 7,448 $4.0M Add +1.4%
TMO Thermo Fisher Scientific Inc. 0.02% 7,894 $3.3M No change
AMGN Amgen Inc. 0.02% 11,104 $3.2M No change
BSX Boston Scientific Corp. 0.02% 30,432 $3.2M No change
TXN Texas Instruments Inc. 0.02% 15,125 $3.2M Reduce -32.9%
PFE Pfizer Inc. 0.02% 117,103 $2.9M No change
GILD Gilead Sciences Inc. 0.02% 25,728 $2.9M No change
SYK Stryker Corp. 0.02% 7,087 $2.8M No change
DHR Danaher Corp. 0.02% 13,432 $2.7M No change
KLAC KLA Corp. 0.02% 2,938 $2.6M Reduce -28.9%
CDNS Cadence Design SYS Inc. 0.02% 8,249 $2.6M No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 5,334 $2.4M No change
MDT Medtronic PLC 0.02% 26,664 $2.4M New
CSCO Cisco Systems Inc. 0.02% 31,543 $2.2M Reduce -68.2%
DDOG Datadog Inc. Class A 0.02% 16,306 $2.2M Add +84.6%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.02% 5,761 $2.2M No change
ADSK Autodesk Inc. 0.02% 6,768 $2.1M No change
FTNT Fortinet Inc. 0.02% 20,467 $2.1M No change
INTC Intel Corp. 0.02% 91,268 $2.1M Reduce -23.1%
MRVL Marvell Technology Inc. 0.02% 26,667 $2.0M No change

Show all 189 holdings

Portfolio Sells Q1 2025 → Q2 2025
ARE Alexandria Real Estate Equit Reduce -2.0% 3.73% −1.04
VMRK Vivmark Residential Reduce -0.8% 5.75% −0.54
REXR Rexford Industrial Realty Inc. Reduce -77.5% 0.04% −0.15
DOC Healthpeak Properties Inc. Reduce -14.6% 0.30% −0.10
IRT Independence Realty Trust Inc. Sold out 0.00% −0.08
SHO Sunstone Hotel Investors Inc. Sold out 0.00% −0.06
MAC The Macerich Co. Reduce -28.6% 0.13% −0.06
FRT Federal Realty Invs Trust Reduce -17.7% 0.22% −0.06
HST Host Hotels & Resorts Inc. Reduce -50.0% 0.06% −0.05
SPG Simon Property Group Inc. Reduce -3.9% 0.66% −0.05
KRC Kilroy Realty Corp. Reduce -7.0% 1.11% −0.05
BXP BXP Inc. Reduce -0.7% 3.65% −0.05
AVB Avalonbay Communities Inc. Reduce -12.4% 0.19% −0.05
CSCO Cisco Systems Inc. Reduce -68.2% 0.02% −0.03
CUBE Cubesmart Sold out 0.00% −0.02
MSI Motorola Solutions Inc. Sold out 0.00% −0.02
EPRT Essential Properties Realty Reduce -3.0% 0.21% −0.01
APP AppLovin Corp. Class A Sold out 0.00% −0.01
AMAT Applied Materials Inc. Reduce -51.2% 0.01% −0.01
TXN Texas Instruments Inc. Reduce -32.9% 0.02% −0.01
KEYS Keysight Technologies Inc. Sold out 0.00% −0.01
SMCI Super Micro Computer Inc. Sold out 0.00% −0.00
INTC Intel Corp. Reduce -23.1% 0.02% −0.00
QCOM Qualcomm Inc. Reduce -12.1% 0.03% −0.00
MCHP Microchip Technology Inc. Reduce -74.0% 0.00% −0.00
TRMB Trimble Inc. Sold out 0.00% −0.00
TER Teradyne Inc. Sold out 0.00% −0.00
AKAM Akamai Technologies Inc. Sold out 0.00% −0.00
MANH Manhattan Associates Inc. Sold out 0.00% −0.00
SWKS Skyworks Solutions Inc. Sold out 0.00% −0.00
EPAM Epam Systems Inc. Sold out 0.00% −0.00
KLAC KLA Corp. Reduce -28.9% 0.02% −0.00
BSY Bentley Systems Inc. Class B Sold out 0.00% −0.00
OTEX Open Text Corp. Sold out 0.00% −0.00
VTRS Viatris Inc. Sold out 0.00% −0.00
CI The Cigna Group Reduce -2.4% 0.01% −0.00
MCK McKesson Corp. Reduce -2.8% 0.01% +0.00
HCA HCA Healthcare Inc. Reduce -4.0% 0.01% +0.00
AMD Advanced Micro Devices Reduce -8.5% 0.04% +0.01
PLTR Palantir Technologies Inc. Class A Reduce -13.3% 0.04% +0.01
MSFT Microsoft Corp. Reduce -3.6% 0.22% +0.04
AVGO Broadcom Inc. Reduce -16.0% 0.24% +0.05

Portfolio Buys Q1 2025 → Q2 2025
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +340.6% 3.62% +2.78
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +15.4% 3.24% +0.42
EGP Eastgroup Properties Inc. Add +198.9% 0.34% +0.22
ESS Essex Property Trust Inc. Add +80.8% 0.45% +0.18
SBRA Sabra Health Care REIT Inc. Add +35.6% 0.41% +0.11
O Realty Income Corp. Add +4.3% 3.73% +0.11
NVDA Nvidia Corp. Add +18.4% 0.27% +0.10
HR Healthcare Realty Trust Inc. Add +16.8% 1.40% +0.09
VNO Vornado Realty Trust Add +32.4% 0.28% +0.07
EPR Epr Properties Add +88.1% 0.13% +0.06
WELL Welltower Inc. Add +7.1% 1.73% +0.05
SKT Tanger Inc. Add +44.5% 0.21% +0.05
APH Amphenol Corp. Class A Add +127.0% 0.06% +0.04
ACN Accenture PLC Class A New 0.04% +0.04
ANET Arista Networks Inc. Add +61.9% 0.07% +0.03
RHP Ryman Hospitality Properties Add +12.6% 0.17% +0.03
ADC Agree Realty Corp. Add +20.8% 0.24% +0.03
MDT Medtronic PLC New 0.02% +0.02
LINE Lineage Inc. Add +80.6% 0.07% +0.02
WPC WP Carey Inc. Add +6.9% 0.38% +0.02
SNPS Synopsys Inc. Add +51.4% 0.04% +0.02
LRCX Lam Research Corp. Add +24.9% 0.04% +0.01
CUZ Cousins Properties Inc. Add +1.6% 1.75% +0.01
DDOG Datadog Inc. Class A Add +84.6% 0.02% +0.01
CHKP Check Point Software Tech Add +112.1% 0.01% +0.00
CRM Salesforce Inc. Add +6.3% 0.07% +0.00
ISRG Intuitive Surgical Inc. Add +1.4% 0.03% +0.00
ABBV Abbvie Inc. Add +0.8% 0.05% −0.01
PSA Public Storage Add +0.4% 4.84% −0.11
INVH Invitation Homes Inc. Add +3.8% 4.22% −0.17
EQIX Equinix Inc. Add +0.9% 7.18% −0.30
MAA Mid-America Apartment Comm Add +0.5% 3.44% −0.50
VTR Ventas Inc. Add +1.1% 5.53% −0.65
PLD Prologis Inc. Add +0.2% 15.65% −1.08

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