APG Asset Management US Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), APG Asset Management US Inc. reported 57 stock positions worth $12.8 billion. Its top holding was Prologis (PLD) at 19.7% of the portfolio, followed by Digital Realty Trust (DLR, 10.4%) and Equinix (EQIX, 7.2%). Compared with Q3 2025, it opened 3 new positions, sold out of 130, added to 12 and reduced 14. The biggest buy was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares +22%) and the biggest sale Digital Realty Trust (DLR, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001323255
- Portfolio Value
- $12.8B (Q4 2025)
- SEC Filing
- 0001323255-26-000006 ↗ filed Feb 12, 2026
Holdings Value
Holdings 57 stocks · $12.8B
| PLD Prologis Inc. | 19.65% | 19,656,247 | $2.5B | No change |
| DLR Digital Realty Trust Inc. | 10.44% | 8,617,744 | $1.3B | Reduce -0.2% |
| EQIX Equinix Inc. | 7.22% | 1,203,383 | $922.0M | Reduce -0.7% |
| VTR Ventas Inc. | 7.13% | 11,758,485 | $909.9M | No change |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 5.60% | 11,346,098 | $715.3M | No change |
| PSA Public Storage | 4.49% | 2,207,675 | $572.9M | Add +1.0% |
| BXP BXP Inc. | 3.91% | 7,401,513 | $499.5M | No change |
| O Realty Income Corp. | 3.91% | 8,849,060 | $498.8M | Add +4.8% |
| INVH Invitation Homes Inc. | 3.61% | 16,591,683 | $461.1M | Reduce -2.9% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 3.56% | 5,632,436 | $454.1M | Add +21.5% |
| MAA Mid-America Apartment Comm | 3.24% | 2,975,511 | $413.3M | Reduce -1.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.06% | 3,546,714 | $390.8M | Add +3.0% |
| EXR Extra Space Storage Inc. | 2.64% | 2,586,331 | $336.8M | Add +2.1% |
| ARE Alexandria Real Estate Equit | 2.57% | 6,693,105 | $327.6M | No change |
| WELL Welltower Inc. | 2.41% | 1,657,317 | $307.6M | Add +4.0% |
| KIM Kimco Realty Corp. | 2.01% | 12,648,074 | $256.4M | No change |
| HR Healthcare Realty Trust Inc. | 1.65% | 12,391,772 | $210.0M | Add +2.5% |
| CUZ Cousins Properties Inc. | 1.49% | 7,395,125 | $190.6M | Reduce -3.6% |
| KRC Kilroy Realty Corp. | 1.25% | 4,287,628 | $160.2M | No change |
| COLD Americold Realty Trust Inc. | 1.22% | 12,139,704 | $156.1M | No change |
| REG Regency Centers Corp. | 1.09% | 2,023,988 | $139.7M | No change |
| SPG Simon Property Group Inc. | 0.95% | 655,596 | $121.4M | Add +21.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.72% | 3,269,161 | $91.9M | Reduce -5.3% |
| UDR Udr Inc. | 0.47% | 1,645,459 | $60.4M | No change |
| SBRA Sabra Health Care REIT Inc. | 0.44% | 2,992,091 | $56.7M | No change |
| WPC WP Carey Inc. | 0.44% | 875,667 | $56.4M | Reduce -4.5% |
| ESS Essex Property Trust Inc. | 0.43% | 212,048 | $55.5M | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.38% | 582,174 | $48.3M | No change |
| BRX Brixmor Property Group Inc. | 0.33% | 1,614,051 | $42.3M | Add +14.8% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.30% | 304,084 | $37.7M | Reduce -9.8% |
| VNO Vornado Realty Trust | 0.26% | 983,787 | $32.7M | Add +19.4% |
| DOC Healthpeak Properties Inc. | 0.25% | 1,980,187 | $31.8M | Reduce -12.9% |
| FRT Federal Realty Invs Trust | 0.25% | 314,532 | $31.7M | No change |
| SKT Tanger Inc. | 0.23% | 887,091 | $29.6M | No change |
| EPRT Essential Properties Realty | 0.20% | 881,079 | $26.1M | No change |
| ADC Agree Realty Corp. | 0.17% | 302,697 | $21.8M | Reduce -30.5% |
| RHP Ryman Hospitality Properties | 0.17% | 226,742 | $21.5M | No change |
| CURB Curbline Properties Corp. | 0.14% | 789,832 | $18.3M | Add +43.8% |
| UE Urban Edge Properties | 0.13% | 892,720 | $17.1M | No change |
| NTST Netstreit Corp. | 0.13% | 956,127 | $16.9M | No change |
| OHI Omega Healthcare Investors | 0.12% | 344,468 | $15.3M | New |
| GRTUF Granite Real Estate Investme | 0.12% | 250,000 | $14.9M | No change |
| EPR Epr Properties filed as EPR PPTYS | 0.11% | 287,278 | $14.3M | No change |
| AKR Acadia Realty Trust | 0.11% | 694,831 | $14.3M | Reduce -17.1% |
| AHR American Healthcare REIT Inc. | 0.11% | 292,952 | $13.8M | No change |
| AVB Avalonbay Communities Inc. | 0.11% | 75,573 | $13.7M | Reduce -28.6% |
| REXR Rexford Industrial Realty Inc. | 0.11% | 350,557 | $13.6M | No change |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.08% | 679,926 | $10.8M | Add +40.7% |
| VRE Veris Residential Inc. | 0.08% | 696,155 | $10.4M | No change |
| MAC The Macerich Co. | 0.08% | 556,272 | $10.3M | Reduce -58.8% |
| BKLN Invesco Senior Loan ETF | 0.08% | 480,000 | $10.1M | Reduce -67.6% |
| SMA Smartstop Self Storage REIT | 0.07% | 293,366 | $9.1M | New |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.07% | 460,001 | $8.5M | No change |
| FR First Industrial Realty TR | 0.06% | 132,600 | $7.6M | No change |
| SLG SL Green Realty Corp. | 0.06% | 156,256 | $7.2M | New |
| PEB Pebblebrook Hotel Trust | 0.04% | 494,211 | $5.6M | No change |
| XHR Xenia Hotels & Resorts Inc. | 0.04% | 388,747 | $5.5M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| DLR Digital Realty Trust Inc. | Reduce -0.2% | 10.44% | −0.48 |
| EGP Eastgroup Properties Inc. | Sold out | 0.00% | −0.38 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.31 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.30 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.23 |
| CUZ Cousins Properties Inc. | Reduce -3.6% | 1.49% | −0.15 |
| BKLN Invesco Senior Loan ETF | Reduce -67.6% | 0.08% | −0.15 |
| VICI Vici Properties Inc. | Reduce -5.3% | 0.72% | −0.12 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.11 |
| MAC The Macerich Co. | Reduce -58.8% | 0.08% | −0.10 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.09 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.08 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.08 |
| NSA National Storage Affiliates | Sold out | 0.00% | −0.08 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.08 |
| DOC Healthpeak Properties Inc. | Reduce -12.9% | 0.25% | −0.07 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.07 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.06 |
| ADC Agree Realty Corp. | Reduce -30.5% | 0.17% | −0.06 |
| SITC Site Centers Corp. | Sold out | 0.00% | −0.05 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.05 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.05 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.05 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.05 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.05 |
| INVH Invitation Homes Inc. | Reduce -2.9% | 3.61% | −0.04 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.04 |
| AVB Avalonbay Communities Inc. | Reduce -28.6% | 0.11% | −0.04 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.04 |
| PGRE Paramount Group Inc. | Sold out | 0.00% | −0.04 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.04 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.03 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.03 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.03 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.03 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.02 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.02 |
| SUI Sun Communities Inc. | Reduce -9.8% | 0.30% | −0.02 |
| INTC Intel Corp. | Sold out | 0.00% | −0.02 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.02 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.02 |
| WPC WP Carey Inc. | Reduce -4.5% | 0.44% | −0.02 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.02 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.02 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.02 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +21.5% | 3.56% | +0.79 |
| WELL Welltower Inc. | Add +4.0% | 2.41% | +0.30 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +3.0% | 3.06% | +0.23 |
| SPG Simon Property Group Inc. | Add +21.3% | 0.95% | +0.21 |
| O Realty Income Corp. | Add +4.8% | 3.91% | +0.14 |
| OHI Omega Healthcare Investors | New | 0.12% | +0.12 |
| SMA Smartstop Self Storage REIT | New | 0.07% | +0.07 |
| SLG SL Green Realty Corp. | New | 0.06% | +0.06 |
| CURB Curbline Properties Corp. | Add +43.8% | 0.14% | +0.05 |
| BRX Brixmor Property Group Inc. | Add +14.8% | 0.33% | +0.05 |
| UMH Umh Properties Inc. | Add +40.7% | 0.08% | +0.03 |
| HR Healthcare Realty Trust Inc. | Add +2.5% | 1.65% | +0.01 |
| VNO Vornado Realty Trust | Add +19.4% | 0.26% | +0.01 |
| EXR Extra Space Storage Inc. | Add +2.1% | 2.64% | +0.00 |
| PSA Public Storage | Add +1.0% | 4.49% | −0.20 |
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 |