Van Lanschot Kempen Investment Management N.V.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Van Lanschot Kempen Investment Management N.V. reported 232 stock positions worth $10.1 billion. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by Alphabet Class A (GOOGL, 5.3%) and KKR (KKR, 4.5%). Compared with Q3 2024, it opened 29 new positions, sold out of 12, added to 68 and reduced 123. The biggest buy was a new position in Spotify Technology and the biggest sale an exit from Crocs (CROX).
- Most Recent 13F
- Q2 2026
- Location
- AMSTERDAM, P7
- CIK
- 0001367401
- Portfolio Value
- $10.1B (Q4 2024)
- SEC Filing
- 0001367401-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 232 stocks · $10.1B
| MSFT Microsoft Corp. | 5.85% | 1,396,185 | $588.5M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 5.33% | 2,830,151 | $535.7M | Reduce -3.8% |
| KKR KKR & Co. Inc. | 4.54% | 3,083,476 | $456.1M | Reduce -14.8% |
| BKNG Booking Holdings Inc. | 4.11% | 83,122 | $413.0M | Reduce -3.8% |
| META Meta Platforms Inc. Class A | 3.55% | 609,387 | $356.8M | Reduce -2.4% |
| AMZN Amazon.com Inc. | 3.54% | 1,622,043 | $355.9M | Reduce -0.9% |
| NXPI NXP Semiconductors NV | 2.47% | 1,195,851 | $248.6M | Add +19.5% |
| TSM Taiwan Semiconductor-SP ADR | 2.19% | 1,113,087 | $219.8M | Reduce -2.8% |
| MKL Markel Group Inc. | 2.09% | 121,589 | $209.9M | Add +19.3% |
| MRK Merck & Co. Inc. | 1.78% | 1,795,596 | $178.6M | Reduce -0.3% |
| V Visa Inc. Class A | 1.77% | 564,322 | $178.3M | Add +5.5% |
| C Citigroup Inc. | 1.72% | 2,459,686 | $173.1M | Add +1.4% |
| TMO Thermo Fisher Scientific Inc. | 1.60% | 309,975 | $161.3M | Add +43.1% |
| NVDA Nvidia Corp. | 1.55% | 1,159,681 | $155.7M | Add +0.5% |
| JNJ Johnson & Johnson | 1.55% | 1,074,408 | $155.4M | Add +11.3% |
| MDT Medtronic PLC | 1.49% | 1,874,734 | $149.8M | Add +14.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.34% | 296,890 | $134.6M | Reduce -0.6% |
| PTC PTC Inc. | 1.29% | 703,225 | $129.3M | Reduce -15.2% |
| CB Chubb Ltd. | 1.27% | 461,027 | $127.4M | Add +18.0% |
| DHR Danaher Corp. | 1.26% | 553,562 | $127.1M | Add +39.8% |
| Spotify Technology S.A. | 1.24% | 279,793 | $125.2M | New |
| CPAY Corpay Inc. | 1.16% | 343,299 | $116.2M | New |
| KMX Carmax Inc. | 1.06% | 1,298,645 | $106.2M | Reduce -3.2% |
| AAPL Apple Inc. | 1.05% | 420,673 | $105.3M | Reduce -2.5% |
| LFUS Littelfuse Inc. | 1.04% | 441,972 | $104.2M | Add +4.4% |
| AVTR Avantor Inc. | 0.98% | 4,699,584 | $99.0M | Add +62.2% |
| DOC Healthpeak Properties Inc. | 0.92% | 4,547,175 | $92.2M | Reduce -0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.88% | 130 | $88.5M | No change |
| JBL Jabil Inc. | 0.87% | 611,309 | $88.0M | Reduce -3.8% |
| WTFC Wintrust Financial Corp. | 0.83% | 665,367 | $83.0M | Add +6.9% |
| WFG West Fraser Timber Co. Ltd. | 0.79% | 639,803 | $79.7M | Add +1.2% |
| PNFP Pinnacle Financial Partners | 0.78% | 682,837 | $78.1M | New |
| DGX Quest Diagnostics Inc. | 0.77% | 514,558 | $77.6M | Add +30.9% |
| HBAN Huntington Bancshares Inc. | 0.72% | 4,432,186 | $72.1M | Add +356.1% |
| GNTX Gentex Corp. | 0.68% | 2,371,342 | $68.1M | Add +8.5% |
| CRM Salesforce Inc. | 0.65% | 196,004 | $65.5M | Reduce -32.6% |
| BC Brunswick Corp. | 0.64% | 989,362 | $64.0M | Reduce -18.9% |
| BLK BlackRock Inc. | 0.61% | 59,420 | $60.9M | Reduce -9.6% |
| NVST Envista Holdings Corp. | 0.60% | 3,118,123 | $60.1M | Reduce -2.3% |
| ADI Analog Devices Inc. | 0.59% | 278,204 | $59.1M | Add +1.1% |
| SPGI S&P Global Inc. | 0.58% | 116,605 | $58.1M | Reduce -5.6% |
| STRA Strategic Education Inc. | 0.57% | 618,286 | $57.8M | Add +12.9% |
| HSIC Henry Schein Inc. | 0.57% | 823,828 | $57.0M | Add +8.9% |
| AMH American Homes 4 Rent- A | 0.56% | 1,509,149 | $56.5M | Reduce -4.4% |
| RNR Renaissancere Holdings Ltd. | 0.54% | 218,949 | $54.5M | Reduce -9.4% |
| MA Mastercard Inc. Class A | 0.54% | 103,259 | $54.4M | Reduce -25.8% |
| AVGO Broadcom Inc. | 0.54% | 234,090 | $54.3M | Add +20.4% |
| RY Royal Bank of Canada | 0.54% | 312,948 | $54.2M | Reduce -7.6% |
| LITE Lumentum Holdings Inc. | 0.52% | 619,140 | $52.0M | Reduce -46.3% |
| CSCO Cisco Systems Inc. | 0.52% | 875,018 | $51.8M | Reduce -18.6% |
| EHC Encompass Health Corp. | 0.51% | 551,424 | $50.9M | Reduce -5.0% |
| GMS GMS Inc. | 0.50% | 596,444 | $50.6M | Add +3.4% |
| MWA Mueller Water Products Inc. Class A | 0.49% | 2,210,156 | $49.7M | Reduce -1.6% |
| THR Thermon Group Holdings Inc. | 0.49% | 1,713,802 | $49.3M | Reduce -13.2% |
| INVH Invitation Homes Inc. | 0.48% | 1,505,198 | $48.1M | Add +139.4% |
| MRSH Marsh & McLennan Cos | 0.46% | 217,622 | $46.2M | Reduce -30.3% |
| EQIX Equinix Inc. | 0.43% | 45,949 | $43.3M | Reduce -12.3% |
| JPM JPMorgan Chase & Co. | 0.43% | 180,485 | $43.3M | Reduce -10.6% |
| QDEL Quidelortho Corp. | 0.43% | 968,149 | $43.1M | Add +8.7% |
| UNP Union Pacific Corp. | 0.42% | 185,024 | $42.2M | Add +7.4% |
| VSH Vishay Intertechnology Inc. | 0.41% | 2,463,334 | $41.7M | Add +69.4% |
| HD Home Depot Inc. | 0.41% | 106,606 | $41.5M | Reduce -12.0% |
| TSLA Tesla Inc. | 0.41% | 101,767 | $41.1M | Reduce -14.3% |
| PG The Procter & Gamble Co. | 0.40% | 240,358 | $40.3M | Reduce -8.2% |
| AMAT Applied Materials Inc. | 0.40% | 245,781 | $40.0M | Reduce -39.6% |
| FSLR First Solar Inc. | 0.39% | 221,975 | $39.1M | Add +107.6% |
| TRIP Tripadvisor Inc. | 0.38% | 2,587,902 | $38.2M | Add +8.8% |
| ACN Accenture PLC Class A | 0.38% | 107,622 | $37.9M | Add +51.9% |
| TDC Teradata Corp. | 0.36% | 1,147,388 | $35.7M | Reduce -8.7% |
| LYB Lyondellbasell Indu Class A | 0.35% | 476,100 | $35.4M | Add +22.7% |
| KO The Coca-Cola Co. | 0.34% | 554,219 | $34.5M | Add +7.9% |
| SYY Sysco Corp. | 0.34% | 447,235 | $34.2M | Add +0.0% |
| DE Deere & Co. | 0.34% | 79,731 | $33.8M | Reduce -32.3% |
| CNH CNH Industrial NV | 0.33% | 2,892,594 | $32.8M | Add +6.8% |
| NXST Nexstar Media Group Inc. | 0.32% | 206,107 | $32.6M | Add +1.8% |
| PEP Pepsico Inc. | 0.31% | 202,872 | $30.8M | Add +36.9% |
| GILD Gilead Sciences Inc. | 0.30% | 328,640 | $30.4M | Reduce -34.6% |
| CAH Cardinal Health Inc. | 0.30% | 254,605 | $30.1M | Add +1.1% |
| KVUE Kenvue Inc. | 0.29% | 1,353,596 | $28.9M | Add +1.6% |
| ALV Autoliv Inc. | 0.29% | 306,686 | $28.8M | Add +15.8% |
| PRU Prudential Financial Inc. | 0.28% | 241,804 | $28.7M | Add +2.5% |
| NTR Nutrien Ltd. | 0.28% | 443,173 | $28.5M | Reduce -0.7% |
| TROX Tronox Holdings PLC | 0.28% | 2,799,111 | $28.2M | Add +5.2% |
| TXN Texas Instruments Inc. | 0.28% | 148,774 | $27.9M | Reduce -40.9% |
| ZTS Zoetis Inc. | 0.28% | 169,939 | $27.7M | Add +48.6% |
| NKE Nike Inc. Class B | 0.27% | 361,305 | $27.3M | Reduce -41.1% |
| CBRE CBRE Group Inc. Class A | 0.26% | 201,169 | $26.4M | Reduce -22.4% |
| LNG Cheniere Energy Inc. | 0.26% | 120,870 | $26.0M | Reduce -22.0% |
| PEG Public Service Enterprise GP | 0.26% | 304,610 | $25.7M | Reduce -21.7% |
| NOW ServiceNow Inc. | 0.25% | 23,914 | $25.4M | Reduce -18.2% |
| NE Noble Corp. PLC | 0.25% | 805,871 | $25.3M | No change |
| LXFR Luxfer Holdings PLC | 0.25% | 1,885,818 | $24.7M | Reduce -24.9% |
| WMB Williams Cos Inc. | 0.24% | 454,958 | $24.6M | Reduce -59.9% |
| UNH Unitedhealth Group Inc. | 0.24% | 47,606 | $24.1M | Reduce -7.5% |
| KMI Kinder Morgan Inc. | 0.24% | 872,926 | $23.9M | Reduce -22.3% |
| ADBE Adobe Inc. | 0.24% | 53,187 | $23.7M | Reduce -4.5% |
| PLD Prologis Inc. | 0.23% | 222,480 | $23.5M | Reduce -6.3% |
| MHK Mohawk Industries Inc. | 0.23% | 194,949 | $23.2M | Reduce -53.1% |
| EXR Extra Space Storage Inc. | 0.23% | 154,395 | $23.1M | Reduce -2.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.23% | 788,987 | $23.0M | Reduce -4.2% |
Portfolio Sells Q3 2024 → Q4 2024
| CROX Crocs Inc. | Sold out | 0.00% | −0.76 |
| MHK Mohawk Industries Inc. | Reduce -53.1% | 0.23% | −0.45 |
| AMAT Applied Materials Inc. | Reduce -39.6% | 0.40% | −0.44 |
| MSFT Microsoft Corp. | Reduce -2.4% | 5.85% | −0.42 |
| BC Brunswick Corp. | Reduce -18.9% | 0.64% | −0.41 |
| XYL Xylem Inc. | Reduce -79.0% | 0.07% | −0.32 |
| MRK Merck & Co. Inc. | Reduce -0.3% | 1.78% | −0.31 |
| KKR KKR & Co. Inc. | Reduce -14.8% | 4.54% | −0.29 |
| WMB Williams Cos Inc. | Reduce -59.9% | 0.24% | −0.28 |
| NKE Nike Inc. Class B | Reduce -41.1% | 0.27% | −0.28 |
| AVB Avalonbay Communities Inc. | Reduce -73.2% | 0.09% | −0.27 |
| TXN Texas Instruments Inc. | Reduce -40.9% | 0.28% | −0.25 |
| MRSH Marsh & McLennan Cos | Reduce -30.3% | 0.46% | −0.25 |
| FERG Ferguson Enterprises Inc. | Reduce -44.9% | 0.22% | −0.25 |
| PTC PTC Inc. | Reduce -15.2% | 1.29% | −0.24 |
| NEE Nextera Energy Inc. | Reduce -40.5% | 0.23% | −0.23 |
| LITE Lumentum Holdings Inc. | Reduce -46.3% | 0.52% | −0.23 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.20 |
| DE Deere & Co. | Reduce -32.3% | 0.34% | −0.17 |
| AXP American Express Co. | Sold out | 0.00% | −0.16 |
| CRM Salesforce Inc. | Reduce -32.6% | 0.65% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -25.8% | 0.54% | −0.16 |
| DOC Healthpeak Properties Inc. | Reduce -0.2% | 0.92% | −0.15 |
| IQV Iqvia Holdings Inc. | Reduce -35.9% | 0.15% | −0.14 |
| RNR Renaissancere Holdings Ltd. | Reduce -9.4% | 0.54% | −0.13 |
| GILD Gilead Sciences Inc. | Reduce -34.6% | 0.30% | −0.13 |
| EL Estee Lauder Companies Class A | Reduce -31.0% | 0.13% | −0.12 |
| DRH Diamondrock Hospitality Co. | Reduce -81.6% | 0.03% | −0.11 |
| THR Thermon Group Holdings Inc. | Reduce -13.2% | 0.49% | −0.11 |
| SPG Simon Property Group Inc. | Reduce -41.8% | 0.14% | −0.10 |
| PEG Public Service Enterprise GP | Reduce -21.7% | 0.26% | −0.10 |
| AWK American Water Works Co. Inc. | Reduce -28.2% | 0.14% | −0.10 |
| META Meta Platforms Inc. Class A | Reduce -2.4% | 3.55% | −0.09 |
| SRE Sempra | Reduce -92.1% | 0.01% | −0.09 |
| HD Home Depot Inc. | Reduce -12.0% | 0.41% | −0.09 |
| LXFR Luxfer Holdings PLC | Reduce -24.9% | 0.25% | −0.09 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.07 |
| SPGI S&P Global Inc. | Reduce -5.6% | 0.58% | −0.07 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.07 |
| PLD Prologis Inc. | Reduce -6.3% | 0.23% | −0.07 |
| WPC WP Carey Inc. | Sold out | 0.00% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -18.6% | 0.52% | −0.07 |
| SO The Southern Co. | Sold out | 0.00% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -7.5% | 0.24% | −0.07 |
| SHO Sunstone Hotel Investors Inc. | Sold out | 0.00% | −0.07 |
| CMS CMS Energy Corp. | Sold out | 0.00% | −0.07 |
| CBRE CBRE Group Inc. Class A | Reduce -22.4% | 0.26% | −0.07 |
| EHC Encompass Health Corp. | Reduce -5.0% | 0.51% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 1.34% | −0.06 |
| SIGA Siga Technologies Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| Spotify Technology S.A. | New | 1.24% | +1.24 |
| CPAY Corpay Inc. | New | 1.16% | +1.16 |
| PNFP Pinnacle Financial Partners | New | 0.78% | +0.78 |
| HBAN Huntington Bancshares Inc. | Add +356.1% | 0.72% | +0.57 |
| MKL Markel Group Inc. | Add +19.3% | 2.09% | +0.46 |
| V Visa Inc. Class A | Add +5.5% | 1.77% | +0.27 |
| INVH Invitation Homes Inc. | Add +139.4% | 0.48% | +0.25 |
| TMO Thermo Fisher Scientific Inc. | Add +43.1% | 1.60% | +0.24 |
| AVTR Avantor Inc. | Add +62.2% | 0.98% | +0.22 |
| ORCL Oracle Corp. | New | 0.20% | +0.20 |
| PH Parker Hannifin Corp. | New | 0.20% | +0.20 |
| AVGO Broadcom Inc. | Add +20.4% | 0.54% | +0.20 |
| CAT Caterpillar Inc. | New | 0.18% | +0.18 |
| CVX Chevron Corp. | New | 0.17% | +0.17 |
| C Citigroup Inc. | Add +1.4% | 1.72% | +0.17 |
| DGX Quest Diagnostics Inc. | Add +30.9% | 0.77% | +0.15 |
| DHR Danaher Corp. | Add +39.8% | 1.26% | +0.14 |
| WTFC Wintrust Financial Corp. | Add +6.9% | 0.83% | +0.14 |
| VSH Vishay Intertechnology Inc. | Add +69.4% | 0.41% | +0.13 |
| ISRG Intuitive Surgical Inc. | New | 0.12% | +0.12 |
| ACN Accenture PLC Class A | Add +51.9% | 0.38% | +0.12 |
| NVDA Nvidia Corp. | Add +0.5% | 1.55% | +0.12 |
| CB Chubb Ltd. | Add +18.0% | 1.27% | +0.12 |
| FSLR First Solar Inc. | Add +107.6% | 0.39% | +0.12 |
| TRP TC Energy Corp. | New | 0.11% | +0.11 |
| ADP Automatic Data Processing | New | 0.11% | +0.11 |
| TJX TJX Companies Inc. | New | 0.10% | +0.10 |
| WM Waste Management Inc. | New | 0.10% | +0.10 |
| DUK Duke Energy Corp. | Add +802.2% | 0.10% | +0.09 |
| REG Regency Centers Corp. | New | 0.09% | +0.09 |
| EXC Exelon Corp. | New | 0.07% | +0.07 |
| WMT Walmart Inc. | New | 0.07% | +0.07 |
| WFC Wells Fargo & Co. | New | 0.06% | +0.06 |
| BAC Bank of America Corp. | Add +15716.2% | 0.06% | +0.06 |
| PGR Progressive Corp. | New | 0.06% | +0.06 |
| STRA Strategic Education Inc. | Add +12.9% | 0.57% | +0.06 |
| TXNM TXNM Energy Inc. | New | 0.05% | +0.05 |
| CL Colgate-Palmolive Co. | Add +113.0% | 0.12% | +0.05 |
| NWE Northwestern Energy Group Inc. | New | 0.05% | +0.05 |
| POR Portland General Electric Co. | New | 0.05% | +0.05 |
| AVA Avista Corp. | New | 0.05% | +0.05 |
| PEP Pepsico Inc. | Add +36.9% | 0.31% | +0.05 |
| AES AES Corp. | New | 0.05% | +0.05 |
| DTE DTE Energy Company | New | 0.05% | +0.05 |
| ZTS Zoetis Inc. | Add +48.6% | 0.28% | +0.05 |
| CWT California Water Service Grp | New | 0.05% | +0.05 |
| LXP LXP Industrial Trust | New | 0.04% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Add +13229.7% | 0.04% | +0.04 |
| CSX CSX Corp. | New | 0.04% | +0.04 |
| HST Host Hotels & Resorts Inc. | Add +86.5% | 0.08% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 241 | $13.1B | NXPI, GOOGL, MSFT, BKNG, TSM |
| Q1 2026 | 240 | $11.4B | MSFT, GOOGL, BKNG, NXPI, MKL |
| Q4 2025 | 250 | $11.7B | GOOGL, MSFT, KKR, BKNG, META |
| Q3 2025 | 244 | $11.2B | MSFT, GOOGL, META, KKR, BKNG |
| Q2 2025 | 239 | $10.5B | MSFT, META, KKR, GOOGL, BKNG |
| Q1 2025 | 228 | $9.6B | MSFT, GOOGL, KKR, BKNG, META |
| Q4 2024 | 232 | $10.1B | MSFT, GOOGL, KKR, BKNG, META |
| Q3 2024 | 215 | $9.8B | MSFT, GOOGL, KKR, BKNG, META |
| Q2 2024 | 216 | $8.9B | MSFT, GOOGL, KKR, BKNG, AMZN |
| Q1 2024 | 215 | $8.0B | MSFT, GOOGL, KKR, META, MRK |