APG Asset Management US Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), APG Asset Management US Inc. reported 184 stock positions worth $13.6 billion. Its top holding was Prologis (PLD) at 16.9% of the portfolio, followed by Digital Realty Trust (DLR, 10.9%) and Equinix (EQIX, 6.9%). Compared with Q2 2025, it opened 4 new positions, sold out of 9, added to 22 and reduced 14. The biggest buy was Prologis (PLD, shares +0%) and the biggest sale Ishr Ibx Usd Invgd CB ETF-Ui (LQD, shares −22%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001323255
Portfolio Value
$13.6B (Q3 2025)
SEC Filing
0001323255-25-000030 ↗ filed Nov 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 Q2 2025 Q3 2025: $13.6B $13.6B Q3 2025 Q4 2025: $12.8B Q4 2025 Q1 2026: $13.0B Q1 2026 Q2 2026: $14.3B Q2 2026

Holdings 184 stocks · $13.6B
PLD Prologis Inc. 16.89% 19,656,247 $2.3B Add +0.1%
DLR Digital Realty Trust Inc. 10.92% 8,638,801 $1.5B Add +0.3%
EQIX Equinix Inc. 6.91% 1,211,357 $937.5M Add +0.4%
VTR Ventas Inc. 6.10% 11,758,485 $826.9M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 5.36% 11,346,098 $727.3M Reduce -0.7%
PSA Public Storage 4.68% 2,184,979 $635.1M Add +0.7%
BXP BXP Inc. 4.17% 7,401,513 $564.9M Add +3.2%
ARE Alexandria Real Estate Equit 4.12% 6,693,105 $558.6M No change
O Realty Income Corp. 3.77% 8,445,467 $510.6M Reduce -2.2%
INVH Invitation Homes Inc. 3.66% 17,083,708 $495.6M Reduce -0.8%
MAA Mid-America Apartment Comm 3.07% 3,018,014 $416.5M Reduce -2.1%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 2.83% 3,441,813 $383.8M Reduce -22.3%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 2.77% 4,634,500 $375.2M Reduce -14.3%
EXR Extra Space Storage Inc. 2.64% 2,533,561 $357.6M No change
WELL Welltower Inc. 2.11% 1,592,764 $285.7M Add +4.7%
KIM Kimco Realty Corp. 2.01% 12,648,074 $272.2M No change
CUZ Cousins Properties Inc. 1.64% 7,668,526 $222.8M Reduce -2.5%
HR Healthcare Realty Trust Inc. 1.64% 12,086,673 $222.0M Add +1.9%
KRC Kilroy Realty Corp. 1.33% 4,287,628 $180.7M No change
COLD Americold Realty Trust Inc. 1.10% 12,139,704 $149.4M Reduce -10.1%
REG Regency Centers Corp. 1.08% 2,023,988 $145.9M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.84% 3,450,812 $113.6M No change
SPG Simon Property Group Inc. 0.74% 540,385 $100.4M No change
WPC WP Carey Inc. 0.46% 916,606 $62.8M Add +12.8%
UDR Udr Inc. 0.45% 1,645,459 $60.8M No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.44% 582,174 $59.5M No change
ESS Essex Property Trust Inc. 0.42% 212,048 $56.5M No change
SBRA Sabra Health Care REIT Inc. 0.41% 2,992,091 $54.9M No change
EGP Eastgroup Properties Inc. 0.38% 300,159 $51.7M Add +11.8%
DOC Healthpeak Properties Inc. 0.32% 2,273,351 $43.6M No change
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.32% 337,138 $43.3M Reduce -18.2%
NVDA Nvidia Corp. 0.31% 226,405 $42.4M Reduce -3.8%
AVGO Broadcom Inc. 0.30% 123,408 $41.1M No change
BRX Brixmor Property Group Inc. 0.28% 1,405,763 $38.4M Add +22.8%
VNO Vornado Realty Trust 0.25% 824,054 $34.0M Reduce -15.2%
FRT Federal Realty Invs Trust 0.23% 314,532 $31.3M No change
ADC Agree Realty Corp. 0.23% 435,343 $31.2M No change
MSFT Microsoft Corp. 0.23% 59,861 $31.1M No change
BKLN Invesco Senior Loan ETF 0.23% 1,480,000 $30.9M No change
SKT Tanger Inc. 0.22% 887,091 $30.0M No change
EPRT Essential Properties Realty 0.19% 881,079 $26.4M No change
MAC The Macerich Co. 0.18% 1,351,135 $24.3M Add +29.7%
RHP Ryman Hospitality Properties 0.15% 226,742 $20.3M No change
AVB Avalonbay Communities Inc. 0.15% 105,849 $20.3M Reduce -16.9%
UE Urban Edge Properties 0.13% 892,720 $18.2M No change
NTST Netstreit Corp. 0.13% 956,127 $17.5M Add +8.7%
AKR Acadia Realty Trust 0.13% 838,642 $17.1M Reduce -20.4%
EPR Epr Properties filed as EPR PPTYS 0.12% 287,278 $16.8M No change
ORCL Oracle Corp. 0.11% 52,339 $15.1M No change
REXR Rexford Industrial Realty Inc. 0.11% 350,557 $14.7M Add +156.6%
GRTUF Granite Real Estate Investme 0.10% 250,000 $14.0M No change
LLY Eli Lilly & Co. 0.09% 15,015 $12.4M Add +0.7%
CURB Curbline Properties Corp. 0.09% 549,403 $12.3M No change
AHR American Healthcare REIT Inc. 0.09% 292,952 $12.3M No change
ANET Arista Networks Inc. 0.08% 76,981 $11.5M Reduce -13.1%
CRM Salesforce Inc. 0.08% 44,606 $10.5M Add +30.7%
VRE Veris Residential Inc. 0.08% 696,155 $10.5M Add +107.1%
NSA National Storage Affiliates 0.08% 344,780 $10.4M No change
APH Amphenol Corp. Class A 0.08% 82,660 $10.3M No change
ABBV Abbvie Inc. 0.07% 37,008 $9.0M Add +0.6%
PLTR Palantir Technologies Inc. Class A 0.06% 44,809 $8.3M No change
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.06% 460,001 $7.5M No change
SITC Site Centers Corp. filed as SITE CTRS CORP 0.05% 802,381 $7.2M No change
LRCX Lam Research Corp. 0.05% 49,925 $7.1M No change
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.05% 483,116 $7.1M No change
AMD Advanced Micro Devices 0.05% 42,321 $6.9M No change
FR First Industrial Realty TR 0.05% 132,600 $6.9M New
INTU Intuit Inc. 0.05% 9,828 $6.7M No change
UNH Unitedhealth Group Inc. 0.05% 19,083 $6.6M No change
MU Micron Technology Inc. 0.05% 34,903 $6.4M No change
NOW ServiceNow Inc. 0.04% 6,386 $5.8M No change
SHOP Shopify Inc. Class A 0.04% 38,167 $5.7M No change
PEB Pebblebrook Hotel Trust 0.04% 494,211 $5.5M New
XHR Xenia Hotels & Resorts Inc. 0.04% 388,747 $5.3M New
PGRE Paramount Group Inc. 0.04% 784,067 $5.1M New
SNPS Synopsys Inc. 0.04% 9,946 $4.9M Add +10.4%
PANW Palo Alto Networks Inc. 0.04% 23,464 $4.9M No change
MRK Merck & Co. Inc. 0.03% 52,382 $4.7M No change
QCOM Qualcomm Inc. 0.03% 28,052 $4.7M No change
CRWD CrowdStrike Holdings Inc. Class A 0.03% 8,697 $4.3M No change
ACN Accenture PLC Class A 0.03% 17,709 $4.3M No change
TMO Thermo Fisher Scientific Inc. 0.03% 7,894 $4.2M No change
ADBE Adobe Inc. 0.03% 11,424 $3.9M No change
AMGN Amgen Inc. 0.02% 11,265 $3.4M Add +1.4%
KLAC KLA Corp. 0.02% 2,938 $3.3M No change
INTC Intel Corp. 0.02% 91,268 $3.3M No change
ISRG Intuitive Surgical Inc. 0.02% 7,448 $3.3M No change
PFE Pfizer Inc. 0.02% 119,114 $3.2M Add +1.7%
BSX Boston Scientific Corp. 0.02% 30,996 $3.0M Add +1.9%
CDNS Cadence Design SYS Inc. 0.02% 8,249 $2.9M No change
GILD Gilead Sciences Inc. 0.02% 25,728 $2.9M No change
DHR Danaher Corp. 0.02% 13,432 $2.9M No change
TXN Texas Instruments Inc. 0.02% 15,125 $2.7M No change
SYK Stryker Corp. 0.02% 7,206 $2.6M Add +1.7%
MDT Medtronic PLC 0.02% 26,664 $2.5M No change
DDOG Datadog Inc. Class A 0.02% 16,306 $2.5M No change
AMAT Applied Materials Inc. 0.02% 10,767 $2.3M No change
MRVL Marvell Technology Inc. 0.02% 26,667 $2.2M No change
CSCO Cisco Systems Inc. 0.02% 31,543 $2.2M No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 5,334 $2.2M No change
ADSK Autodesk Inc. 0.02% 6,768 $2.1M No change
GLW Corning Inc. 0.02% 25,590 $2.1M No change
SNOW Snowflake Inc. 0.02% 9,102 $2.1M No change
TEL Te Connectivity PLC 0.02% 9,414 $2.1M No change
CVS CVS Health Corp. 0.01% 25,996 $2.0M No change
MCK McKesson Corp. 0.01% 2,605 $2.0M No change
BMY Bristol-Myers Squibb Co. 0.01% 41,897 $2.0M No change
MSTR Strategy Inc. 0.01% 5,761 $1.9M No change
NTNX Nutanix Inc. Class A 0.01% 25,240 $1.9M No change
NXPI NXP Semiconductors NV 0.01% 7,850 $1.8M No change
FTNT Fortinet Inc. 0.01% 20,467 $1.7M No change
STX Seagate Technology Holdings 0.01% 6,626 $1.7M No change
ROP Roper Technologies Inc. 0.01% 3,375 $1.7M No change
CI The Cigna Group 0.01% 5,636 $1.6M No change
HCA HCA Healthcare Inc. 0.01% 3,839 $1.6M No change
ELV Elevance Health Inc. 0.01% 4,792 $1.6M No change
WDAY Workday Inc. Class A 0.01% 6,705 $1.6M No change
DELL Dell Technologies -C 0.01% 9,985 $1.5M No change
WDC Western Digital Corp. 0.01% 10,882 $1.4M No change
ZTS Zoetis Inc. 0.01% 9,362 $1.4M No change
MPWR Monolithic Power Systems Inc. 0.01% 1,473 $1.3M No change
REGN Regeneron Pharmaceuticals 0.01% 2,240 $1.3M No change
CHKP Check Point Software Tech 0.01% 5,797 $1.2M No change
BDX Becton Dickinson and Co. 0.01% 5,973 $1.1M No change
FICO Fair Isaac Corp. 0.01% 752 $1.1M No change
CTSH Cognizant Tech Solutions-A 0.01% 15,603 $1.0M No change
NET Cloudflare Inc. Class A 0.01% 4,591 $997K No change
HPE Hewlett Packard Enterprise 0.01% 38,965 $971K No change
DT Dynatrace Inc. 0.01% 19,775 $955K No change
EW Edwards Lifesciences Corp. 0.01% 12,449 $950K No change
VEEV Veeva Systems Inc. Class A 0.01% 3,179 $932K No change
OKTA Okta Inc. 0.01% 9,706 $890K No change
TDY Teledyne Technologies Inc. 0.01% 1,473 $847K No change
ZS Zscaler Inc. 0.01% 2,721 $829K No change
A Agilent Technologies Inc. 0.01% 5,938 $823K No change
RMD Resmed Inc. 0.01% 3,033 $821K No change
JBL Jabil Inc. 0.01% 3,740 $804K No change
CAH Cardinal Health Inc. 0.01% 5,000 $790K No change
ALC Alcon Inc. filed as ALCON AG 0.01% 10,326 $770K No change
IQV Iqvia Holdings Inc. 0.01% 3,767 $768K No change
PTC PTC Inc. 0.01% 3,782 $766K No change
NTAP Netapp Inc. 0.01% 6,446 $764K No change
VRSN Verisign Inc. 0.01% 2,765 $760K No change
TEAM Atlassian Corp. Class A 0.01% 5,038 $754K No change
GEHC GE Healthcare Technology 0.01% 9,437 $713K No change
MDB Mongodb Inc. 0.01% 2,201 $708K No change
HUBS HubSpot Inc. 0.01% 1,536 $676K No change
TYL Tyler Technologies Inc. 0.01% 1,343 $672K No change
CDW CDW Corp. 0.00% 4,205 $669K No change
ZM Zoom Communications Inc. 0.00% 7,839 $637K No change
CYBR Cyberark Software Ltd./Israel 0.00% 1,285 $630K No change
ON On Semiconductor 0.00% 13,008 $629K No change
HUM Humana Inc. 0.00% 2,488 $614K No change
IT Gartner Inc. 0.00% 2,426 $609K No change
GDDY GoDaddy Inc. Class A 0.00% 4,438 $587K No change
GIB Cgi Inc. 0.00% 6,411 $576K No change
MTD Mettler-Toledo International 0.00% 441 $569K No change
DXCM Dexcom Inc. 0.00% 8,281 $547K No change
TWLO Twilio Inc. Class A 0.00% 4,803 $493K No change
STE Steris PLC 0.00% 2,038 $492K No change
GEN Gen Digital Inc. 0.00% 17,439 $490K No change
ZBRA Zebra Technologies Corp. Class A 0.00% 1,624 $474K No change
TEVA Teva Pharmaceutical-SP ADR 0.00% 23,412 $470K No change
BIIB Biogen Inc. 0.00% 3,010 $464K No change
PODD Insulet Corp. 0.00% 1,449 $443K No change
DOCU Docusign Inc. 0.00% 6,389 $441K No change
DGX Quest Diagnostics Inc. 0.00% 2,300 $419K No change
ZBH Zimmer Biomet Holdings Inc. 0.00% 4,209 $416K No change
WST West Pharmaceutical Services 0.00% 1,499 $407K No change
WAT Waters Corp. 0.00% 1,227 $392K No change
CNC Centene Corp. 0.00% 10,871 $389K No change
UTHR United Therapeutics Corp. 0.00% 873 $383K No change
ILMN Illumina Inc. 0.00% 3,284 $336K No change
HOLX Hologic Inc. 0.00% 4,800 $322K No change
INCY Incyte Corp. 0.00% 3,383 $293K No change
NBIX Neurocrine Biosciences Inc. 0.00% 2,087 $286K No change
RPRX Royalty Pharma PLC Class A 0.00% 7,872 $286K No change
MCHP Microchip Technology Inc. 0.00% 4,301 $276K No change
IOT Samsara Inc. Class A 0.00% 6,877 $262K No change
BAX Baxter International Inc. 0.00% 10,543 $246K No change
RVTY Revvity Inc. 0.00% 2,549 $234K No change
MOH Molina Healthcare Inc. 0.00% 1,211 $233K No change
SOLV Solventum Corp. 0.00% 3,034 $222K No change
BMRN Biomarin Pharmaceutical Inc. 0.00% 3,934 $216K No change

Portfolio Sells Q2 2025 → Q3 2025
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -22.3% 2.83% −0.79
COLD Americold Realty Trust Inc. Reduce -10.1% 1.10% −0.58
INVH Invitation Homes Inc. Reduce -0.8% 3.66% −0.57
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -14.3% 2.77% −0.48
VMRK Vivmark Residential Reduce -0.7% 5.36% −0.39
MAA Mid-America Apartment Comm Reduce -2.1% 3.07% −0.36
CUZ Cousins Properties Inc. Reduce -2.5% 1.64% −0.11
SUI Sun Communities Inc. Reduce -18.2% 0.32% −0.07
LINE Lineage Inc. Sold out 0.00% −0.07
HST Host Hotels & Resorts Inc. Sold out 0.00% −0.06
AVB Avalonbay Communities Inc. Reduce -16.9% 0.15% −0.04
VNO Vornado Realty Trust Reduce -15.2% 0.25% −0.03
AKR Acadia Realty Trust Reduce -20.4% 0.13% −0.02
ANSS Ansys Inc. Sold out 0.00% −0.01
P Everpure Inc. Class A Sold out 0.00% −0.00
MNDY Monday.com Ltd. Sold out 0.00% −0.00
ALGN Align Technology Inc. Sold out 0.00% −0.00
DSGX The Descartes Systems Grp Sold out 0.00% −0.00
WIX Wix.com Ltd. Sold out 0.00% −0.00
AVTR Avantor Inc. Sold out 0.00% −0.00
ANET Arista Networks Inc. Reduce -13.1% 0.08% +0.02
O Realty Income Corp. Reduce -2.2% 3.77% +0.03
NVDA Nvidia Corp. Reduce -3.8% 0.31% +0.04

Portfolio Buys Q2 2025 → Q3 2025
PLD Prologis Inc. Add +0.1% 16.89% +1.24
BXP BXP Inc. Add +3.2% 4.17% +0.51
WELL Welltower Inc. Add +4.7% 2.11% +0.38
HR Healthcare Realty Trust Inc. Add +1.9% 1.64% +0.24
WPC WP Carey Inc. Add +12.8% 0.46% +0.08
REXR Rexford Industrial Realty Inc. Add +156.6% 0.11% +0.07
BRX Brixmor Property Group Inc. Add +22.8% 0.28% +0.06
MAC The Macerich Co. Add +29.7% 0.18% +0.05
FR First Industrial Realty TR New 0.05% +0.05
EGP Eastgroup Properties Inc. Add +11.8% 0.38% +0.04
PEB Pebblebrook Hotel Trust New 0.04% +0.04
VRE Veris Residential Inc. Add +107.1% 0.08% +0.04
XHR Xenia Hotels & Resorts Inc. New 0.04% +0.04
PGRE Paramount Group Inc. New 0.04% +0.04
NTST Netstreit Corp. Add +8.7% 0.13% +0.02
ABBV Abbvie Inc. Add +0.6% 0.07% +0.01
CRM Salesforce Inc. Add +30.7% 0.08% +0.01
LLY Eli Lilly & Co. Add +0.7% 0.09% +0.00
PFE Pfizer Inc. Add +1.7% 0.02% +0.00
AMGN Amgen Inc. Add +1.4% 0.02% +0.00
SNPS Synopsys Inc. Add +10.4% 0.04% +0.00
SYK Stryker Corp. Add +1.7% 0.02% −0.00
BSX Boston Scientific Corp. Add +1.9% 0.02% −0.00
DLR Digital Realty Trust Inc. Add +0.3% 10.92% −0.11
PSA Public Storage Add +0.7% 4.68% −0.16
EQIX Equinix Inc. Add +0.4% 6.91% −0.26

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