Van Lanschot Kempen Investment Management N.V.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Van Lanschot Kempen Investment Management N.V. reported 239 stock positions worth $10.5 billion. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Meta Platforms Class A (META, 5.0%) and KKR (KKR, 4.8%). Compared with Q1 2025, it opened 34 new positions, sold out of 23, added to 109 and reduced 86. The biggest buy was Meta Platforms Class A (META, shares +9%) and the biggest sale Medtronic (MDT, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- AMSTERDAM, P7
- CIK
- 0001367401
- Portfolio Value
- $10.5B (Q2 2025)
- SEC Filing
- 0001367401-25-000010 ↗ filed Aug 7, 2025
Holdings Value
Holdings 239 stocks · $10.5B
| MSFT Microsoft Corp. | 6.40% | 1,349,790 | $671.4M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 5.03% | 715,361 | $528.0M | Add +9.1% |
| KKR KKR & Co. Inc. | 4.81% | 3,798,182 | $505.3M | Add +13.8% |
| GOOGL Alphabet Inc. Class A | 4.64% | 2,765,083 | $487.3M | Reduce -0.7% |
| BKNG Booking Holdings Inc. | 4.64% | 84,149 | $487.2M | Add +1.3% |
| NXPI NXP Semiconductors NV | 3.77% | 1,808,932 | $395.2M | Add +4.5% |
| AMZN Amazon.com Inc. | 3.59% | 1,718,557 | $377.0M | Add +3.8% |
| MKL Markel Group Inc. | 3.12% | 163,780 | $327.1M | Add +12.1% |
| TSM Taiwan Semiconductor-SP ADR | 2.59% | 1,197,959 | $271.3M | Reduce -3.6% |
| C Citigroup Inc. | 2.39% | 2,942,269 | $250.4M | Add +1.3% |
| SPOT Spotify Technology SA | 2.37% | 324,347 | $248.9M | Add +5.8% |
| LFUS Littelfuse Inc. | 2.06% | 951,975 | $215.8M | Add +54.0% |
| TMO Thermo Fisher Scientific Inc. | 2.00% | 517,859 | $210.0M | Add +61.1% |
| CPAY Corpay Inc. | 1.92% | 606,300 | $201.2M | Add +33.4% |
| NVDA Nvidia Corp. | 1.80% | 1,193,804 | $188.6M | Reduce -1.4% |
| V Visa Inc. Class A | 1.73% | 510,942 | $181.4M | Add +4.4% |
| PTC PTC Inc. | 1.68% | 1,020,419 | $175.9M | Add +1.3% |
| CB Chubb Ltd. | 1.62% | 585,565 | $169.6M | Add +14.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.53% | 330,500 | $160.5M | Reduce -16.8% |
| ADI Analog Devices Inc. | 1.24% | 547,623 | $130.3M | Add +2.0% |
| AAPL Apple Inc. | 1.14% | 585,551 | $120.1M | Reduce -2.1% |
| DHR Danaher Corp. | 1.11% | 588,947 | $116.3M | Add +5.5% |
| NVR NVR Inc. | 0.98% | 13,962 | $103.1M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.90% | 130 | $94.7M | No change |
| LEN Lennar Corp. Class A | 0.86% | 816,579 | $90.3M | New |
| KMX Carmax Inc. | 0.85% | 1,335,111 | $89.7M | Add +1.5% |
| AVGO Broadcom Inc. | 0.76% | 290,799 | $80.2M | Reduce -11.9% |
| JPM JPMorgan Chase & Co. | 0.71% | 257,885 | $74.8M | Reduce -3.0% |
| DGX Quest Diagnostics Inc. | 0.70% | 408,200 | $73.3M | Reduce -5.4% |
| JBL Jabil Inc. | 0.59% | 283,489 | $61.8M | Reduce -37.0% |
| LITE Lumentum Holdings Inc. | 0.56% | 615,762 | $58.5M | Add +35.6% |
| AMH American Homes 4 Rent- A | 0.55% | 1,588,741 | $57.3M | Add +17.6% |
| INVH Invitation Homes Inc. | 0.54% | 1,720,282 | $56.4M | Add +22.9% |
| CSCO Cisco Systems Inc. | 0.49% | 736,700 | $51.1M | Reduce -16.4% |
| HSIC Henry Schein Inc. | 0.48% | 683,865 | $50.0M | Reduce -3.0% |
| RY Royal Bank of Canada | 0.46% | 272,430 | $48.7M | Reduce -16.1% |
| WTFC Wintrust Financial Corp. | 0.46% | 390,245 | $48.4M | Reduce -31.4% |
| PNFP Pinnacle Financial Partners | 0.44% | 418,375 | $46.2M | Reduce -31.8% |
| MRK Merck & Co. Inc. | 0.44% | 578,904 | $45.8M | Add +15.0% |
| NVST Envista Holdings Corp. | 0.43% | 2,329,476 | $45.5M | Reduce -14.4% |
| BLK BlackRock Inc. | 0.42% | 42,167 | $44.2M | Reduce -29.1% |
| WFG West Fraser Timber Co. Ltd. | 0.42% | 442,986 | $44.2M | Reduce -19.3% |
| STRA Strategic Education Inc. | 0.41% | 499,825 | $42.6M | Reduce -8.1% |
| SF Stifel Financial Corp. | 0.40% | 405,548 | $42.1M | New |
| BC Brunswick Corp. | 0.39% | 738,318 | $40.8M | Add +15.1% |
| EHC Encompass Health Corp. | 0.37% | 318,201 | $39.0M | Reduce -26.4% |
| ALV Autoliv Inc. | 0.37% | 346,102 | $38.7M | Add +9.0% |
| VSH Vishay Intertechnology Inc. | 0.37% | 2,414,028 | $38.3M | Add +11.3% |
| FIS Fidelity National Info Serv | 0.36% | 462,452 | $37.6M | Add +9.3% |
| SYY Sysco Corp. | 0.35% | 485,851 | $36.8M | Add +0.1% |
| CNH CNH Industrial NV | 0.35% | 2,795,424 | $36.2M | Reduce -2.7% |
| MWA Mueller Water Products Inc. Class A | 0.34% | 1,472,015 | $35.4M | Add +7.5% |
| LLY Eli Lilly & Co. | 0.33% | 44,903 | $35.0M | Reduce -11.5% |
| TXN Texas Instruments Inc. | 0.33% | 168,367 | $35.0M | Reduce -13.1% |
| DOC Healthpeak Properties Inc. | 0.33% | 1,961,107 | $34.3M | Reduce -43.9% |
| PEP Pepsico Inc. | 0.32% | 255,424 | $33.7M | Add +22.0% |
| RNR Renaissancere Holdings Ltd. | 0.32% | 138,778 | $33.7M | Reduce -43.6% |
| FSLR First Solar Inc. | 0.32% | 203,138 | $33.6M | Add +26.0% |
| SPG Simon Property Group Inc. | 0.31% | 204,740 | $32.9M | Add +101.3% |
| THR Thermon Group Holdings Inc. | 0.31% | 1,171,120 | $32.9M | Reduce -18.8% |
| EQIX Equinix Inc. | 0.31% | 40,434 | $32.2M | Add +37.6% |
| GNTX Gentex Corp. | 0.30% | 1,428,979 | $31.4M | Reduce -4.6% |
| NE Noble Corp. PLC | 0.30% | 1,170,994 | $31.1M | Add +18.1% |
| OMC Omnicom Group | 0.29% | 416,709 | $30.0M | Add +132.1% |
| MDT Medtronic PLC | 0.29% | 343,354 | $29.9M | Reduce -83.7% |
| GILD Gilead Sciences Inc. | 0.28% | 269,598 | $29.9M | Reduce -17.6% |
| NXST Nexstar Media Group Inc. | 0.27% | 163,667 | $28.3M | Reduce -23.8% |
| PG The Procter & Gamble Co. | 0.27% | 176,907 | $28.2M | Reduce -4.5% |
| MSM MSC Industrial Direct Co. Class A | 0.27% | 331,405 | $28.2M | Add +5.0% |
| HOLX Hologic Inc. | 0.27% | 431,956 | $28.1M | New |
| FHN First Horizon Corp. | 0.26% | 1,302,537 | $27.6M | Add +170.2% |
| PRU Prudential Financial Inc. | 0.26% | 256,857 | $27.6M | Add +0.6% |
| LYB Lyondellbasell Indu Class A | 0.26% | 475,847 | $27.5M | Reduce -3.1% |
| ACN Accenture PLC Class A | 0.26% | 91,517 | $27.4M | Add +19.4% |
| PEG Public Service Enterprise GP | 0.26% | 318,991 | $26.9M | Reduce -1.2% |
| O Realty Income Corp. | 0.25% | 459,732 | $26.5M | Add +39.2% |
| LNG Cheniere Energy Inc. | 0.25% | 108,224 | $26.4M | Add +0.1% |
| PLD Prologis Inc. | 0.25% | 245,661 | $25.8M | Add +58.2% |
| WMB Williams Cos Inc. | 0.24% | 405,944 | $25.5M | Reduce -19.0% |
| AKAM Akamai Technologies Inc. | 0.23% | 306,571 | $24.5M | Add +12.5% |
| UNP Union Pacific Corp. | 0.23% | 106,133 | $24.4M | Reduce -30.2% |
| MHK Mohawk Industries Inc. | 0.22% | 219,741 | $23.0M | Add +27.4% |
| HBAN Huntington Bancshares Inc. | 0.22% | 1,369,279 | $22.9M | Reduce -63.9% |
| MRSH Marsh & McLennan Cos | 0.21% | 100,633 | $22.0M | Reduce -45.2% |
| ZTS Zoetis Inc. | 0.21% | 139,749 | $21.8M | Add +1.6% |
| TRIP Tripadvisor Inc. | 0.21% | 1,669,968 | $21.8M | Reduce -29.5% |
| DE Deere & Co. | 0.21% | 42,655 | $21.7M | Reduce -59.5% |
| EXR Extra Space Storage Inc. | 0.20% | 145,243 | $21.4M | Add +7.0% |
| KO The Coca-Cola Co. | 0.20% | 296,278 | $21.0M | Add +19.5% |
| AVB Avalonbay Communities Inc. | 0.20% | 102,450 | $20.8M | Add +35.5% |
| VTR Ventas Inc. | 0.20% | 327,890 | $20.7M | Add +10.1% |
| NTR Nutrien Ltd. | 0.19% | 255,952 | $20.3M | Reduce -43.1% |
| CDNS Cadence Design SYS Inc. | 0.19% | 65,880 | $20.3M | Reduce -18.3% |
| NFLX Netflix Inc. | 0.19% | 15,143 | $20.3M | Add +14.8% |
| TNC Tennant Co. | 0.19% | 261,353 | $20.2M | Add +54.9% |
| CL Colgate-Palmolive Co. | 0.19% | 214,148 | $19.5M | Add +53.8% |
| HD Home Depot Inc. | 0.18% | 52,007 | $19.1M | Reduce -21.4% |
| ORCL Oracle Corp. | 0.18% | 87,188 | $19.1M | Reduce -48.4% |
| ISRG Intuitive Surgical Inc. | 0.18% | 34,306 | $18.6M | Add +12.0% |
| OTIS Otis Worldwide Corp. | 0.18% | 186,896 | $18.5M | Add +89.3% |
Portfolio Sells Q1 2025 → Q2 2025
| MDT Medtronic PLC | Reduce -83.7% | 0.29% | −1.69 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −1.57 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.93 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -16.8% | 1.53% | −0.68 |
| MA Mastercard Inc. Class A | Reduce -74.0% | 0.14% | −0.45 |
| DOC Healthpeak Properties Inc. | Reduce -43.9% | 0.33% | −0.41 |
| HBAN Huntington Bancshares Inc. | Reduce -63.9% | 0.22% | −0.38 |
| UNH Unitedhealth Group Inc. | Reduce -66.3% | 0.07% | −0.33 |
| SPGI S&P Global Inc. | Reduce -70.5% | 0.12% | −0.31 |
| DE Deere & Co. | Reduce -59.5% | 0.21% | −0.31 |
| RNR Renaissancere Holdings Ltd. | Reduce -43.6% | 0.32% | −0.30 |
| CRM Salesforce Inc. | Reduce -67.9% | 0.11% | −0.26 |
| MRSH Marsh & McLennan Cos | Reduce -45.2% | 0.21% | −0.26 |
| NEE Nextera Energy Inc. | Reduce -73.5% | 0.08% | −0.25 |
| AAPL Apple Inc. | Reduce -2.1% | 1.14% | −0.24 |
| PNFP Pinnacle Financial Partners | Reduce -31.8% | 0.44% | −0.24 |
| GMS GMS Inc. | Reduce -75.1% | 0.11% | −0.22 |
| WFG West Fraser Timber Co. Ltd. | Reduce -19.3% | 0.42% | −0.21 |
| WTFC Wintrust Financial Corp. | Reduce -31.4% | 0.46% | −0.21 |
| CME Cme Group Inc. | Reduce -69.5% | 0.08% | −0.19 |
| QDEL Quidelortho Corp. | Reduce -52.9% | 0.11% | −0.19 |
| BLK BlackRock Inc. | Reduce -29.1% | 0.42% | −0.17 |
| TRIP Tripadvisor Inc. | Reduce -29.5% | 0.21% | −0.14 |
| NTR Nutrien Ltd. | Reduce -43.1% | 0.19% | −0.14 |
| UNP Union Pacific Corp. | Reduce -30.2% | 0.23% | −0.14 |
| AMAT Applied Materials Inc. | Reduce -75.1% | 0.06% | −0.14 |
| NXST Nexstar Media Group Inc. | Reduce -23.8% | 0.27% | −0.13 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.12 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.12 |
| PH Parker Hannifin Corp. | Reduce -59.0% | 0.09% | −0.12 |
| CVX Chevron Corp. | Reduce -30.5% | 0.14% | −0.12 |
| FERG Ferguson Enterprises Inc. | Reduce -60.0% | 0.11% | −0.11 |
| THR Thermon Group Holdings Inc. | Reduce -18.8% | 0.31% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -11.5% | 0.33% | −0.10 |
| LYB Lyondellbasell Indu Class A | Reduce -3.1% | 0.26% | −0.10 |
| GILD Gilead Sciences Inc. | Reduce -17.6% | 0.28% | −0.10 |
| ARE Alexandria Real Estate Equit | Reduce -64.6% | 0.03% | −0.09 |
| VICI Vici Properties Inc. | Reduce -78.2% | 0.02% | −0.09 |
| DLR Digital Realty Trust Inc. | Reduce -71.0% | 0.04% | −0.09 |
| RY Royal Bank of Canada | Reduce -16.1% | 0.46% | −0.09 |
| EHC Encompass Health Corp. | Reduce -26.4% | 0.37% | −0.09 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -16.4% | 0.49% | −0.08 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.08 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.08 |
| TROX Tronox Holdings PLC | Reduce -2.3% | 0.14% | −0.08 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.07 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.07 |
| EW Edwards Lifesciences Corp. | Reduce -41.9% | 0.10% | −0.07 |
| HD Home Depot Inc. | Reduce -21.4% | 0.18% | −0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| META Meta Platforms Inc. Class A | Add +9.1% | 5.03% | +1.09 |
| NVR NVR Inc. | New | 0.98% | +0.98 |
| LEN Lennar Corp. Class A | New | 0.86% | +0.86 |
| LFUS Littelfuse Inc. | Add +54.0% | 2.06% | +0.79 |
| KKR KKR & Co. Inc. | Add +13.8% | 4.81% | +0.79 |
| BKNG Booking Holdings Inc. | Add +1.3% | 4.64% | +0.64 |
| SPOT Spotify Technology SA | Add +5.8% | 2.37% | +0.61 |
| SF Stifel Financial Corp. | New | 0.40% | +0.40 |
| NXPI NXP Semiconductors NV | Add +4.5% | 3.77% | +0.33 |
| TMO Thermo Fisher Scientific Inc. | Add +61.1% | 2.00% | +0.33 |
| AMZN Amazon.com Inc. | Add +3.8% | 3.59% | +0.30 |
| HOLX Hologic Inc. | New | 0.27% | +0.27 |
| MKL Markel Group Inc. | Add +12.1% | 3.12% | +0.26 |
| LITE Lumentum Holdings Inc. | Add +35.6% | 0.56% | +0.26 |
| CPAY Corpay Inc. | Add +33.4% | 1.92% | +0.26 |
| C Citigroup Inc. | Add +1.3% | 2.39% | +0.23 |
| GE General Electric | New | 0.17% | +0.17 |
| FHN First Horizon Corp. | Add +170.2% | 0.26% | +0.17 |
| TKR Timken Co. | New | 0.14% | +0.14 |
| SPG Simon Property Group Inc. | Add +101.3% | 0.31% | +0.14 |
| WLK Westlake Corp. | New | 0.13% | +0.13 |
| OMC Omnicom Group | Add +132.1% | 0.29% | +0.13 |
| PANW Palo Alto Networks Inc. | New | 0.11% | +0.11 |
| ADI Analog Devices Inc. | Add +2.0% | 1.24% | +0.11 |
| FSLR First Solar Inc. | Add +26.0% | 0.32% | +0.11 |
| BSX Boston Scientific Corp. | New | 0.10% | +0.10 |
| TTWO Take-Two Interactive Softwre | Add +2302.1% | 0.11% | +0.10 |
| EMA Emera Inc. | New | 0.10% | +0.10 |
| ATS Ats Corp. | New | 0.09% | +0.09 |
| SYK Stryker Corp. | New | 0.09% | +0.09 |
| BAC Bank of America Corp. | Add +128.7% | 0.15% | +0.08 |
| ROL Rollins Inc. | New | 0.08% | +0.08 |
| BR Broadridge Financial Solutio | New | 0.08% | +0.08 |
| SO The Southern Co. | New | 0.08% | +0.08 |
| FICO Fair Isaac Corp. | New | 0.08% | +0.08 |
| ECL Ecolab Inc. | Add +92.2% | 0.17% | +0.08 |
| JKHY Jack Henry & Associates Inc. | New | 0.08% | +0.08 |
| TYL Tyler Technologies Inc. | New | 0.08% | +0.08 |
| ALV Autoliv Inc. | Add +9.0% | 0.37% | +0.08 |
| LNT Alliant Energy Corp. | New | 0.07% | +0.07 |
| LXP LXP Industrial Trust | Add +7162.0% | 0.07% | +0.07 |
| APLE Apple Hospitality REIT Inc. | Add +9947.2% | 0.07% | +0.07 |
| OTIS Otis Worldwide Corp. | Add +89.3% | 0.18% | +0.07 |
| KRC Kilroy Realty Corp. | New | 0.07% | +0.07 |
| OGE Oge Energy Corp. | New | 0.07% | +0.07 |
| NFLX Netflix Inc. | Add +14.8% | 0.19% | +0.06 |
| WFC Wells Fargo & Co. | Add +92.4% | 0.13% | +0.06 |
| PLD Prologis Inc. | Add +58.2% | 0.25% | +0.06 |
| CPK Chesapeake Utilities Corp. | New | 0.06% | +0.06 |
| HR Healthcare Realty Trust Inc. | New | 0.06% | +0.06 |
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 |