Van Lanschot Kempen Investment Management N.V.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Van Lanschot Kempen Investment Management N.V. reported 244 stock positions worth $11.2 billion. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by Alphabet Class A (GOOGL, 5.7%) and Meta Platforms Class A (META, 4.5%). Compared with Q2 2025, it opened 15 new positions, sold out of 10, added to 101 and reduced 121. The biggest buy was a new position in Brown & Brown (BRO) and the biggest sale an exit from Carmax (KMX).
- Most Recent 13F
- Q2 2026
- Location
- AMSTERDAM, P7
- CIK
- 0001367401
- Portfolio Value
- $11.2B (Q3 2025)
- SEC Filing
- 0001367401-25-000018 ↗ filed Nov 14, 2025
Holdings Value
Holdings 244 stocks · $11.2B
| MSFT Microsoft Corp. | 6.19% | 1,337,826 | $692.9M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 5.68% | 2,615,912 | $635.9M | Reduce -5.4% |
| META Meta Platforms Inc. Class A | 4.54% | 693,362 | $509.2M | Reduce -3.1% |
| KKR KKR & Co. Inc. | 4.41% | 3,798,345 | $493.6M | Add +0.0% |
| BKNG Booking Holdings Inc. | 4.03% | 83,517 | $450.9M | Reduce -0.8% |
| NXPI NXP Semiconductors NV | 3.80% | 1,869,074 | $425.6M | Add +3.3% |
| AMZN Amazon.com Inc. | 3.46% | 1,767,513 | $388.1M | Add +2.9% |
| MKL Markel Group Inc. | 3.09% | 181,230 | $346.4M | Add +10.7% |
| TSM Taiwan Semiconductor-SP ADR | 2.73% | 1,094,565 | $305.7M | Reduce -8.6% |
| C Citigroup Inc. | 2.55% | 2,817,029 | $285.9M | Reduce -4.3% |
| TMO Thermo Fisher Scientific Inc. | 2.24% | 517,264 | $250.9M | Reduce -0.1% |
| LFUS Littelfuse Inc. | 2.18% | 943,295 | $244.3M | Reduce -0.9% |
| SPOT Spotify Technology SA | 2.04% | 326,999 | $228.2M | Add +0.8% |
| NVDA Nvidia Corp. | 1.92% | 1,153,025 | $215.1M | Reduce -3.4% |
| PTC PTC Inc. | 1.85% | 1,021,896 | $207.5M | Add +0.1% |
| CPAY Corpay Inc. | 1.72% | 667,990 | $192.4M | Add +10.2% |
| V Visa Inc. Class A | 1.70% | 558,658 | $190.7M | Add +9.3% |
| BRO Brown & Brown Inc. | 1.63% | 1,949,536 | $182.8M | New |
| CB Chubb Ltd. | 1.61% | 639,366 | $180.5M | Add +9.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.48% | 328,716 | $165.3M | Reduce -0.5% |
| AAPL Apple Inc. | 1.26% | 555,516 | $141.5M | Reduce -5.1% |
| NVR NVR Inc. | 1.25% | 17,490 | $140.5M | Add +25.3% |
| ADI Analog Devices Inc. | 1.21% | 552,449 | $135.7M | Add +0.9% |
| LEN Lennar Corp. Class A | 1.16% | 1,028,517 | $129.6M | Add +25.9% |
| DHR Danaher Corp. | 1.04% | 587,262 | $116.4M | Reduce -0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.88% | 130 | $98.0M | No change |
| AVGO Broadcom Inc. | 0.84% | 285,406 | $94.2M | Reduce -1.9% |
| JPM JPMorgan Chase & Co. | 0.61% | 216,674 | $68.3M | Reduce -16.0% |
| DGX Quest Diagnostics Inc. | 0.58% | 341,653 | $65.1M | Reduce -16.3% |
| WTFC Wintrust Financial Corp. | 0.56% | 471,234 | $62.4M | Add +20.8% |
| SF Stifel Financial Corp. | 0.55% | 541,195 | $61.4M | Add +33.5% |
| MHK Mohawk Industries Inc. | 0.54% | 469,565 | $60.5M | Add +113.7% |
| BC Brunswick Corp. | 0.51% | 908,853 | $57.5M | Add +23.1% |
| INVH Invitation Homes Inc. | 0.51% | 1,932,889 | $56.7M | Add +12.4% |
| RY Royal Bank of Canada | 0.49% | 271,278 | $55.3M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 0.49% | 804,459 | $55.0M | Add +9.2% |
| EHC Encompass Health Corp. | 0.48% | 420,092 | $53.4M | Add +32.0% |
| MRK Merck & Co. Inc. | 0.45% | 606,735 | $50.9M | Add +4.8% |
| BLK BlackRock Inc. | 0.43% | 41,321 | $48.2M | Reduce -2.0% |
| PLD Prologis Inc. | 0.42% | 413,028 | $47.3M | Add +68.1% |
| AMH American Homes 4 Rent- A | 0.40% | 1,340,780 | $44.6M | Reduce -15.6% |
| TXN Texas Instruments Inc. | 0.39% | 239,697 | $44.0M | Add +42.4% |
| NVST Envista Holdings Corp. | 0.37% | 2,043,052 | $41.6M | Reduce -12.3% |
| FHN First Horizon Corp. | 0.37% | 1,813,912 | $41.0M | Add +39.3% |
| LITE Lumentum Holdings Inc. | 0.36% | 248,378 | $40.4M | Reduce -59.7% |
| FIS Fidelity National Info Serv | 0.36% | 603,873 | $39.8M | Add +30.6% |
| STRA Strategic Education Inc. | 0.35% | 459,595 | $39.5M | Reduce -8.1% |
| FSLR First Solar Inc. | 0.35% | 177,106 | $39.1M | Reduce -12.8% |
| MWA Mueller Water Products Inc. Class A | 0.35% | 1,515,412 | $38.7M | Add +3.0% |
| VSH Vishay Intertechnology Inc. | 0.34% | 2,479,303 | $37.9M | Add +2.7% |
| TRIP Tripadvisor Inc. | 0.34% | 2,321,608 | $37.7M | Add +39.0% |
| PEP Pepsico Inc. | 0.33% | 266,389 | $37.4M | Add +4.3% |
| LLY Eli Lilly & Co. | 0.33% | 48,372 | $36.9M | Add +7.7% |
| PEG Public Service Enterprise GP | 0.32% | 428,211 | $35.7M | Add +34.2% |
| HSIC Henry Schein Inc. | 0.31% | 525,872 | $34.9M | Reduce -23.1% |
| OMC Omnicom Group | 0.31% | 424,661 | $34.6M | Add +1.9% |
| NE Noble Corp. PLC | 0.31% | 1,209,959 | $34.2M | Add +3.3% |
| MDT Medtronic PLC | 0.30% | 351,709 | $33.5M | Add +2.4% |
| TKR Timken Co. | 0.30% | 444,927 | $33.4M | Add +123.5% |
| JBL Jabil Inc. | 0.30% | 153,400 | $33.3M | Reduce -45.9% |
| CNH CNH Industrial NV | 0.29% | 3,037,877 | $33.0M | Add +8.7% |
| TNC Tennant Co. | 0.29% | 406,044 | $32.9M | Add +55.4% |
| CACI Caci International Inc. Class A | 0.29% | 65,936 | $32.9M | New |
| NXST Nexstar Media Group Inc. | 0.29% | 165,444 | $32.7M | Add +1.1% |
| AKAM Akamai Technologies Inc. | 0.29% | 426,662 | $32.3M | Add +39.2% |
| MSM MSC Industrial Direct Co. Class A | 0.28% | 340,052 | $31.3M | Add +2.6% |
| SYY Sysco Corp. | 0.28% | 377,808 | $31.1M | Reduce -22.2% |
| EQIX Equinix Inc. | 0.28% | 39,427 | $30.9M | Reduce -2.5% |
| THR Thermon Group Holdings Inc. | 0.27% | 1,125,050 | $30.1M | Reduce -3.9% |
| ATS Ats Corp. | 0.27% | 815,678 | $29.7M | Add +261.6% |
| GILD Gilead Sciences Inc. | 0.26% | 264,502 | $29.4M | Reduce -1.9% |
| ALV Autoliv Inc. | 0.26% | 233,933 | $28.9M | Reduce -32.4% |
| SPG Simon Property Group Inc. | 0.25% | 150,721 | $28.3M | Reduce -26.4% |
| ORCL Oracle Corp. | 0.25% | 99,400 | $28.0M | Add +14.0% |
| HOLX Hologic Inc. | 0.25% | 410,844 | $27.7M | Reduce -4.9% |
| PRU Prudential Financial Inc. | 0.24% | 263,030 | $27.3M | Add +2.4% |
| GNTX Gentex Corp. | 0.23% | 925,790 | $26.2M | Reduce -35.2% |
| PG The Procter & Gamble Co. | 0.23% | 168,847 | $25.9M | Reduce -4.6% |
| WMB Williams Cos Inc. | 0.23% | 406,109 | $25.7M | Add +0.0% |
| DOC Healthpeak Properties Inc. | 0.23% | 1,337,105 | $25.6M | Reduce -31.8% |
| STAG Stag Industrial Inc. | 0.22% | 700,264 | $24.7M | Add +101.6% |
| HD Home Depot Inc. | 0.22% | 60,618 | $24.6M | Add +16.6% |
| LNG Cheniere Energy Inc. | 0.21% | 102,239 | $24.0M | Reduce -5.5% |
| EXE Expand Energy Corp. | 0.21% | 225,897 | $24.0M | Add +45.2% |
| LYB Lyondellbasell Indu Class A | 0.21% | 488,486 | $24.0M | Add +2.7% |
| CDNS Cadence Design SYS Inc. | 0.20% | 64,913 | $22.8M | Reduce -1.5% |
| WCC Wesco International Inc. | 0.20% | 106,400 | $22.5M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 433,208 | $22.3M | Add +32.8% |
| ACN Accenture PLC Class A | 0.20% | 89,250 | $22.0M | Reduce -2.5% |
| VTR Ventas Inc. | 0.19% | 301,489 | $21.1M | Reduce -8.1% |
| TSLA Tesla Inc. | 0.19% | 47,275 | $21.0M | Reduce -16.8% |
| NTR Nutrien Ltd. | 0.19% | 255,952 | $20.9M | No change |
| PNFP Pinnacle Financial Partners | 0.19% | 221,402 | $20.8M | Reduce -47.1% |
| GE General Electric filed as GE AEROSPACE | 0.18% | 68,128 | $20.5M | Reduce -0.7% |
| EXR Extra Space Storage Inc. | 0.18% | 142,444 | $20.1M | Reduce -1.9% |
| KO The Coca-Cola Co. | 0.18% | 300,270 | $19.9M | Add +1.4% |
| ZTS Zoetis Inc. | 0.18% | 135,086 | $19.8M | Reduce -3.3% |
| AVB Avalonbay Communities Inc. | 0.17% | 100,980 | $19.5M | Reduce -1.4% |
| NKE Nike Inc. Class B | 0.17% | 279,537 | $19.5M | Add +22.1% |
| ETR Entergy Corp. | 0.17% | 208,202 | $19.4M | Add +119.0% |
Portfolio Sells Q2 2025 → Q3 2025
| KMX Carmax Inc. | Sold out | 0.00% | −0.85 |
| BKNG Booking Holdings Inc. | Reduce -0.8% | 4.03% | −0.62 |
| META Meta Platforms Inc. Class A | Reduce -3.1% | 4.54% | −0.49 |
| JBL Jabil Inc. | Reduce -45.9% | 0.30% | −0.29 |
| WFG West Fraser Timber Co. Ltd. | Reduce -57.8% | 0.16% | −0.26 |
| PNFP Pinnacle Financial Partners | Reduce -47.1% | 0.19% | −0.25 |
| MSFT Microsoft Corp. | Reduce -0.9% | 6.19% | −0.21 |
| LITE Lumentum Holdings Inc. | Reduce -59.7% | 0.36% | −0.20 |
| RNR Renaissancere Holdings Ltd. | Reduce -58.0% | 0.13% | −0.19 |
| HSIC Henry Schein Inc. | Reduce -23.1% | 0.31% | −0.16 |
| HBAN Huntington Bancshares Inc. | Reduce -71.9% | 0.06% | −0.16 |
| AMH American Homes 4 Rent- A | Reduce -15.6% | 0.40% | −0.15 |
| UNP Union Pacific Corp. | Reduce -61.2% | 0.09% | −0.15 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.13 |
| MRSH Marsh & McLennan Cos | Reduce -54.2% | 0.08% | −0.13 |
| DGX Quest Diagnostics Inc. | Reduce -16.3% | 0.58% | −0.12 |
| ALV Autoliv Inc. | Reduce -32.4% | 0.26% | −0.11 |
| GMS GMS Inc. | Sold out | 0.00% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -16.0% | 0.61% | −0.10 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.10 |
| DOC Healthpeak Properties Inc. | Reduce -31.8% | 0.23% | −0.10 |
| REXR Rexford Industrial Realty Inc. | Reduce -69.7% | 0.05% | −0.10 |
| O Realty Income Corp. | Reduce -35.6% | 0.16% | −0.09 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.08 |
| ES Eversource Energy | Sold out | 0.00% | −0.08 |
| SYY Sysco Corp. | Reduce -22.2% | 0.28% | −0.07 |
| DHR Danaher Corp. | Reduce -0.3% | 1.04% | −0.07 |
| KRC Kilroy Realty Corp. | Sold out | 0.00% | −0.07 |
| GNTX Gentex Corp. | Reduce -35.2% | 0.23% | −0.07 |
| TROX Tronox Holdings PLC | Reduce -30.5% | 0.07% | −0.07 |
| ACN Accenture PLC Class A | Reduce -2.5% | 0.20% | −0.06 |
| NWE Northwestern Energy Group Inc. | Sold out | 0.00% | −0.06 |
| NVST Envista Holdings Corp. | Reduce -12.3% | 0.37% | −0.06 |
| POR Portland General Electric Co. | Sold out | 0.00% | −0.06 |
| SPG Simon Property Group Inc. | Reduce -26.4% | 0.25% | −0.06 |
| SUI Sun Communities Inc. | Reduce -97.3% | 0.00% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 1.48% | −0.05 |
| STRA Strategic Education Inc. | Reduce -8.1% | 0.35% | −0.05 |
| BNL Broadstone Net Lease Inc. | Reduce -40.4% | 0.08% | −0.05 |
| ADBE Adobe Inc. | Reduce -96.4% | 0.00% | −0.05 |
| THR Thermon Group Holdings Inc. | Reduce -3.9% | 0.27% | −0.04 |
| ELV Elevance Health Inc. | Reduce -67.6% | 0.01% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -5.2% | 0.14% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -70.7% | 0.01% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -4.6% | 0.23% | −0.04 |
| LNG Cheniere Energy Inc. | Reduce -5.5% | 0.21% | −0.04 |
| DE Deere & Co. | Reduce -1.7% | 0.17% | −0.04 |
| NFLX Netflix Inc. | Reduce -1.1% | 0.16% | −0.03 |
| ZTS Zoetis Inc. | Reduce -3.3% | 0.18% | −0.03 |
| EQIX Equinix Inc. | Reduce -2.5% | 0.28% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| BRO Brown & Brown Inc. | New | 1.63% | +1.63 |
| MHK Mohawk Industries Inc. | Add +113.7% | 0.54% | +0.32 |
| LEN Lennar Corp. Class A | Add +25.9% | 1.16% | +0.30 |
| CACI Caci International Inc. Class A | New | 0.29% | +0.29 |
| NVR NVR Inc. | Add +25.3% | 1.25% | +0.27 |
| WCC Wesco International Inc. | New | 0.20% | +0.20 |
| PTC PTC Inc. | Add +0.1% | 1.85% | +0.18 |
| PLD Prologis Inc. | Add +68.1% | 0.42% | +0.18 |
| ATS Ats Corp. | Add +261.6% | 0.27% | +0.17 |
| MELI MercadoLibre Inc. | New | 0.17% | +0.17 |
| TKR Timken Co. | Add +123.5% | 0.30% | +0.16 |
| SF Stifel Financial Corp. | Add +33.5% | 0.55% | +0.15 |
| TRIP Tripadvisor Inc. | Add +39.0% | 0.34% | +0.13 |
| BC Brunswick Corp. | Add +23.1% | 0.51% | +0.12 |
| AEP American Electric Power | New | 0.11% | +0.11 |
| EHC Encompass Health Corp. | Add +32.0% | 0.48% | +0.10 |
| NSC Norfolk Southern Corp. | New | 0.10% | +0.10 |
| FHN First Horizon Corp. | Add +39.3% | 0.37% | +0.10 |
| VICI Vici Properties Inc. | Add +490.6% | 0.12% | +0.10 |
| TNC Tennant Co. | Add +55.4% | 0.29% | +0.10 |
| STAG Stag Industrial Inc. | Add +101.6% | 0.22% | +0.10 |
| ETR Entergy Corp. | Add +119.0% | 0.17% | +0.10 |
| ALGN Align Technology Inc. | Add +5670.2% | 0.10% | +0.10 |
| WTFC Wintrust Financial Corp. | Add +20.8% | 0.56% | +0.10 |
| WMS Advanced Drainage Systems Inc. | New | 0.09% | +0.09 |
| ORCL Oracle Corp. | Add +14.0% | 0.25% | +0.07 |
| PEG Public Service Enterprise GP | Add +34.2% | 0.32% | +0.06 |
| TXN Texas Instruments Inc. | Add +42.4% | 0.39% | +0.06 |
| GRMN Garmin Ltd. | Add +2183.4% | 0.06% | +0.06 |
| FERG Ferguson Enterprises Inc. | Add +61.6% | 0.16% | +0.06 |
| AKAM Akamai Technologies Inc. | Add +39.2% | 0.29% | +0.06 |
| CSX CSX Corp. | New | 0.05% | +0.05 |
| CROX Crocs Inc. | New | 0.05% | +0.05 |
| BAC Bank of America Corp. | Add +32.8% | 0.20% | +0.05 |
| EXE Expand Energy Corp. | Add +45.2% | 0.21% | +0.04 |
| ARE Alexandria Real Estate Equit | Add +111.4% | 0.07% | +0.04 |
| HIW Highwoods Properties Inc. | Add +66.3% | 0.10% | +0.04 |
| HD Home Depot Inc. | Add +16.6% | 0.22% | +0.04 |
| NXPI NXP Semiconductors NV | Add +3.3% | 3.80% | +0.03 |
| LXP LXP Industrial Trust | Add +41.6% | 0.11% | +0.03 |
| MAC The Macerich Co. | New | 0.02% | +0.02 |
| OMC Omnicom Group | Add +1.9% | 0.31% | +0.02 |
| OHI Omega Healthcare Investors | Add +50.1% | 0.06% | +0.02 |
| BN Brookfield Corp. | Add +25.1% | 0.09% | +0.02 |
| REG Regency Centers Corp. | New | 0.02% | +0.02 |
| HST Host Hotels & Resorts Inc. | New | 0.02% | +0.02 |
| NXST Nexstar Media Group Inc. | Add +1.1% | 0.29% | +0.02 |
| TAC Transalta Corp. | Add +89.7% | 0.04% | +0.02 |
| BKR Baker Hughes Co. | Add +2.2% | 0.11% | +0.02 |
| NKE Nike Inc. Class B | Add +22.1% | 0.17% | +0.02 |
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 |