Van Lanschot Kempen Investment Management N.V.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Van Lanschot Kempen Investment Management N.V. reported 250 stock positions worth $11.7 billion. Its top holding was Alphabet Class A (GOOGL) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.6%) and KKR (KKR, 4.2%). Compared with Q3 2025, it opened 17 new positions, sold out of 11, added to 107 and reduced 120. The biggest buy was Brown & Brown (BRO, shares +133%) and the biggest sale Citigroup (C, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- AMSTERDAM, P7
- CIK
- 0001367401
- Portfolio Value
- $11.7B (Q4 2025)
- SEC Filing
- 0001367401-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 250 stocks · $11.7B
| GOOGL Alphabet Inc. Class A | 6.10% | 2,276,547 | $712.6M | Reduce -13.0% |
| MSFT Microsoft Corp. | 5.64% | 1,361,292 | $658.3M | Add +1.8% |
| KKR KKR & Co. Inc. | 4.23% | 3,877,794 | $494.3M | Add +2.1% |
| BKNG Booking Holdings Inc. | 4.23% | 92,287 | $494.2M | Add +10.5% |
| META Meta Platforms Inc. Class A | 4.04% | 714,580 | $471.7M | Add +3.1% |
| NXPI NXP Semiconductors NV | 3.90% | 2,096,119 | $455.0M | Add +12.2% |
| MKL Markel Group Inc. | 3.77% | 204,861 | $440.4M | Add +13.0% |
| AMZN Amazon.com Inc. | 3.60% | 1,818,519 | $419.8M | Add +2.9% |
| BRO Brown & Brown Inc. | 3.10% | 4,538,584 | $361.7M | Add +132.8% |
| TSM Taiwan Semiconductor-SP ADR | 2.47% | 950,713 | $288.9M | Reduce -13.1% |
| TMO Thermo Fisher Scientific Inc. | 2.21% | 446,129 | $258.5M | Reduce -13.8% |
| LFUS Littelfuse Inc. | 2.12% | 980,498 | $248.0M | Add +3.9% |
| SPOT Spotify Technology SA | 2.10% | 421,613 | $244.8M | Add +28.9% |
| PTC PTC Inc. | 1.94% | 1,300,452 | $226.6M | Add +27.3% |
| NVDA Nvidia Corp. | 1.88% | 1,176,381 | $219.4M | Add +2.0% |
| CPAY Corpay Inc. | 1.80% | 699,476 | $210.5M | Add +4.7% |
| V Visa Inc. Class A | 1.79% | 595,740 | $208.9M | Add +6.6% |
| CB Chubb Ltd. | 1.73% | 647,401 | $202.1M | Add +1.3% |
| LEN Lennar Corp. Class A | 1.73% | 1,963,373 | $201.8M | Add +90.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.53% | 354,885 | $178.4M | Add +8.0% |
| AAPL Apple Inc. | 1.43% | 613,102 | $166.7M | Add +10.4% |
| ADI Analog Devices Inc. | 1.22% | 527,174 | $143.0M | Reduce -4.6% |
| DHR Danaher Corp. | 1.17% | 595,678 | $136.4M | Add +1.4% |
| ICLR Icon PLC | 1.16% | 743,548 | $135.5M | New |
| ZTS Zoetis Inc. | 1.14% | 1,053,857 | $132.6M | Add +680.1% |
| NVR NVR Inc. | 1.10% | 17,536 | $127.9M | Add +0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.84% | 130 | $98.1M | No change |
| AVGO Broadcom Inc. | 0.82% | 275,943 | $95.5M | Reduce -3.3% |
| RY Royal Bank of Canada | 0.64% | 321,162 | $74.7M | Add +18.4% |
| JPM JPMorgan Chase & Co. | 0.62% | 223,990 | $72.2M | Add +3.4% |
| INVH Invitation Homes Inc. | 0.49% | 2,076,421 | $57.7M | Add +7.4% |
| BC Brunswick Corp. | 0.48% | 754,046 | $56.0M | Reduce -17.0% |
| MRK Merck & Co. Inc. | 0.47% | 524,615 | $55.2M | Reduce -13.5% |
| LLY Eli Lilly & Co. | 0.47% | 50,998 | $54.8M | Add +5.4% |
| C Citigroup Inc. | 0.44% | 443,705 | $51.8M | Reduce -84.3% |
| PLD Prologis Inc. | 0.44% | 403,087 | $51.5M | Reduce -2.4% |
| LITE Lumentum Holdings Inc. | 0.41% | 130,913 | $48.3M | Reduce -47.3% |
| WTFC Wintrust Financial Corp. | 0.40% | 330,524 | $46.2M | Reduce -29.9% |
| PEP Pepsico Inc. | 0.39% | 318,864 | $45.8M | Add +19.7% |
| TXN Texas Instruments Inc. | 0.39% | 262,917 | $45.6M | Add +9.7% |
| WCC Wesco International Inc. | 0.39% | 186,012 | $45.5M | Add +74.8% |
| FSLR First Solar Inc. | 0.38% | 170,690 | $44.6M | Reduce -3.6% |
| SF Stifel Financial Corp. | 0.38% | 352,368 | $44.1M | Reduce -34.9% |
| FIS Fidelity National Info Serv | 0.38% | 661,297 | $43.9M | Add +9.5% |
| PEG Public Service Enterprise GP | 0.35% | 510,061 | $41.0M | Add +19.1% |
| ACN Accenture PLC Class A | 0.34% | 148,864 | $39.9M | Add +66.8% |
| CACI Caci International Inc. Class A | 0.34% | 73,423 | $39.1M | Add +11.3% |
| BLK BlackRock Inc. | 0.33% | 35,924 | $38.5M | Reduce -13.1% |
| JBL Jabil Inc. | 0.32% | 164,233 | $37.4M | Add +7.1% |
| ALGN Align Technology Inc. | 0.30% | 226,699 | $35.4M | Add +153.5% |
| NXST Nexstar Media Group Inc. | 0.30% | 173,068 | $35.1M | Add +4.6% |
| OMC Omnicom Group | 0.30% | 431,642 | $34.9M | Add +1.6% |
| MDT Medtronic PLC | 0.30% | 359,722 | $34.6M | Add +2.3% |
| LRCX Lam Research Corp. | 0.29% | 198,425 | $34.0M | Add +270.4% |
| NE Noble Corp. PLC | 0.29% | 1,201,597 | $33.9M | Reduce -0.7% |
| MHK Mohawk Industries Inc. | 0.29% | 310,411 | $33.9M | Reduce -33.9% |
| CSCO Cisco Systems Inc. | 0.29% | 435,414 | $33.5M | Reduce -45.9% |
| AKAM Akamai Technologies Inc. | 0.29% | 383,311 | $33.4M | Reduce -10.2% |
| GILD Gilead Sciences Inc. | 0.28% | 267,702 | $32.9M | Add +1.2% |
| ATS Ats Corp. | 0.26% | 815,031 | $30.8M | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.26% | 53,480 | $30.6M | Add +43.4% |
| DGX Quest Diagnostics Inc. | 0.26% | 175,146 | $30.4M | Reduce -48.7% |
| PRU Prudential Financial Inc. | 0.26% | 267,910 | $30.2M | Add +1.9% |
| MSM MSC Industrial Direct Co. Class A | 0.25% | 349,263 | $29.4M | Add +2.7% |
| KO The Coca-Cola Co. | 0.25% | 419,855 | $29.4M | Add +39.8% |
| EQIX Equinix Inc. | 0.25% | 37,949 | $29.1M | Reduce -3.8% |
| WMS Advanced Drainage Systems Inc. | 0.25% | 199,858 | $28.9M | Add +161.0% |
| ALV Autoliv Inc. | 0.25% | 243,077 | $28.9M | Add +3.9% |
| CNH CNH Industrial NV | 0.25% | 3,116,375 | $28.7M | Add +2.6% |
| SYY Sysco Corp. | 0.24% | 386,615 | $28.5M | Add +2.3% |
| STRA Strategic Education Inc. | 0.24% | 346,230 | $27.8M | Reduce -24.7% |
| TKR Timken Co. | 0.23% | 322,557 | $27.1M | Reduce -27.5% |
| ORCL Oracle Corp. | 0.23% | 138,789 | $27.1M | Add +39.6% |
| TSLA Tesla Inc. | 0.23% | 59,151 | $26.6M | Add +25.1% |
| TRIP Tripadvisor Inc. | 0.23% | 1,815,534 | $26.4M | Reduce -21.8% |
| BSX Boston Scientific Corp. | 0.22% | 274,565 | $26.2M | Add +102.2% |
| PG The Procter & Gamble Co. | 0.22% | 182,466 | $26.1M | Add +8.1% |
| WMB Williams Cos Inc. | 0.22% | 434,530 | $26.1M | Add +7.0% |
| LIN Linde PLC | 0.22% | 60,493 | $25.8M | Add +59.2% |
| THR Thermon Group Holdings Inc. | 0.22% | 689,677 | $25.6M | Reduce -38.7% |
| AMH American Homes 4 Rent- A | 0.22% | 790,126 | $25.4M | Reduce -41.1% |
| FHN First Horizon Corp. | 0.20% | 994,735 | $23.8M | Reduce -45.2% |
| ABT Abbott Laboratories | 0.20% | 188,796 | $23.7M | Add +83.5% |
| GEV GE Vernova Inc. | 0.20% | 36,052 | $23.6M | New |
| ISRG Intuitive Surgical Inc. | 0.20% | 41,567 | $23.5M | Add +19.7% |
| MA Mastercard Inc. Class A | 0.20% | 41,064 | $23.4M | Add +53.9% |
| SPG Simon Property Group Inc. | 0.20% | 124,917 | $23.1M | Reduce -17.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 414,547 | $22.8M | Reduce -4.3% |
| HSIC Henry Schein Inc. | 0.19% | 298,974 | $22.6M | Reduce -43.1% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 73,193 | $22.5M | Add +7.4% |
| EXE Expand Energy Corp. | 0.19% | 202,302 | $22.3M | Reduce -10.4% |
| STAG Stag Industrial Inc. | 0.19% | 601,349 | $22.1M | Reduce -14.1% |
| SPGI S&P Global Inc. | 0.19% | 42,292 | $22.1M | Add +76.9% |
| CDNS Cadence Design SYS Inc. | 0.19% | 70,626 | $22.1M | Add +8.8% |
| NVST Envista Holdings Corp. | 0.19% | 1,011,327 | $22.0M | Reduce -50.5% |
| EHC Encompass Health Corp. | 0.19% | 206,077 | $21.9M | Reduce -50.9% |
| NTR Nutrien Ltd. | 0.19% | 255,952 | $21.7M | No change |
| WELL Welltower Inc. | 0.18% | 116,066 | $21.5M | Add +10.6% |
| DE Deere & Co. | 0.18% | 45,855 | $21.3M | Add +9.3% |
| LYB Lyondellbasell Indu Class A | 0.18% | 491,404 | $21.3M | Add +0.6% |
Portfolio Sells Q3 2025 → Q4 2025
| C Citigroup Inc. | Reduce -84.3% | 0.44% | −2.11 |
| DGX Quest Diagnostics Inc. | Reduce -48.7% | 0.26% | −0.32 |
| MWA Mueller Water Products Inc. Class A | Reduce -86.8% | 0.04% | −0.30 |
| EHC Encompass Health Corp. | Reduce -50.9% | 0.19% | −0.29 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -13.1% | 2.47% | −0.25 |
| MHK Mohawk Industries Inc. | Reduce -33.9% | 0.29% | −0.25 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.25 |
| CSCO Cisco Systems Inc. | Reduce -45.9% | 0.29% | −0.20 |
| NVST Envista Holdings Corp. | Reduce -50.5% | 0.19% | −0.18 |
| AMH American Homes 4 Rent- A | Reduce -41.1% | 0.22% | −0.18 |
| VSH Vishay Intertechnology Inc. | Reduce -47.8% | 0.16% | −0.18 |
| SF Stifel Financial Corp. | Reduce -34.9% | 0.38% | −0.17 |
| FHN First Horizon Corp. | Reduce -45.2% | 0.20% | −0.16 |
| WTFC Wintrust Financial Corp. | Reduce -29.9% | 0.40% | −0.16 |
| VTR Ventas Inc. | Reduce -82.9% | 0.03% | −0.15 |
| TNC Tennant Co. | Reduce -43.0% | 0.15% | −0.15 |
| O Realty Income Corp. | Reduce -85.7% | 0.02% | −0.14 |
| DOC Healthpeak Properties Inc. | Reduce -49.9% | 0.09% | −0.14 |
| WFG West Fraser Timber Co. Ltd. | Reduce -78.5% | 0.03% | −0.13 |
| RNR Renaissancere Holdings Ltd. | Reduce -92.8% | 0.01% | −0.12 |
| HSIC Henry Schein Inc. | Reduce -43.1% | 0.19% | −0.12 |
| STRA Strategic Education Inc. | Reduce -24.7% | 0.24% | −0.12 |
| TRIP Tripadvisor Inc. | Reduce -21.8% | 0.23% | −0.11 |
| AMP Ameriprise Financial Inc. | Reduce -99.1% | 0.00% | −0.11 |
| QDEL Quidelortho Corp. | Sold out | 0.00% | −0.10 |
| BLK BlackRock Inc. | Reduce -13.1% | 0.33% | −0.10 |
| FRT Federal Realty Invs Trust | Reduce -73.7% | 0.03% | −0.09 |
| GNTX Gentex Corp. | Reduce -20.2% | 0.15% | −0.09 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.08 |
| ETR Entergy Corp. | Reduce -45.2% | 0.09% | −0.08 |
| LNG Cheniere Energy Inc. | Reduce -22.2% | 0.13% | −0.08 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.08 |
| NKE Nike Inc. Class B | Reduce -37.4% | 0.10% | −0.08 |
| PNFP Pinnacle Financial Partners | Reduce -38.6% | 0.11% | −0.07 |
| AZO AutoZone Inc. | Reduce -98.3% | 0.00% | −0.07 |
| PSX Phillips 66 | Reduce -46.3% | 0.06% | −0.07 |
| TKR Timken Co. | Reduce -27.5% | 0.23% | −0.07 |
| LII Lennox International Inc. | Reduce -98.7% | 0.00% | −0.06 |
| ARE Alexandria Real Estate Equit | Reduce -60.4% | 0.02% | −0.06 |
| SPG Simon Property Group Inc. | Reduce -17.1% | 0.20% | −0.05 |
| FDS Factset Research Systems Inc. | Reduce -98.9% | 0.00% | −0.05 |
| HD Home Depot Inc. | Reduce -5.7% | 0.17% | −0.05 |
| THR Thermon Group Holdings Inc. | Reduce -38.7% | 0.22% | −0.05 |
| LXFR Luxfer Holdings PLC | Reduce -24.7% | 0.11% | −0.05 |
| PCAR Paccar Inc. | Reduce -98.8% | 0.00% | −0.05 |
| ABBV Abbvie Inc. | Reduce -41.5% | 0.06% | −0.05 |
| EXR Extra Space Storage Inc. | Reduce -13.3% | 0.14% | −0.04 |
| BNL Broadstone Net Lease Inc. | Reduce -46.9% | 0.04% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -75.7% | 0.02% | −0.04 |
| NTAP Netapp Inc. | Reduce -43.3% | 0.04% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| BRO Brown & Brown Inc. | Add +132.8% | 3.10% | +1.47 |
| ICLR Icon PLC | New | 1.16% | +1.16 |
| ZTS Zoetis Inc. | Add +680.1% | 1.14% | +0.96 |
| MKL Markel Group Inc. | Add +13.0% | 3.77% | +0.68 |
| LEN Lennar Corp. Class A | Add +90.9% | 1.73% | +0.57 |
| LRCX Lam Research Corp. | Add +270.4% | 0.29% | +0.23 |
| BKNG Booking Holdings Inc. | Add +10.5% | 4.23% | +0.21 |
| ALGN Align Technology Inc. | Add +153.5% | 0.30% | +0.20 |
| GEV GE Vernova Inc. | New | 0.20% | +0.20 |
| WCC Wesco International Inc. | Add +74.8% | 0.39% | +0.19 |
| AAPL Apple Inc. | Add +10.4% | 1.43% | +0.17 |
| WMS Advanced Drainage Systems Inc. | Add +161.0% | 0.25% | +0.15 |
| RY Royal Bank of Canada | Add +18.4% | 0.64% | +0.15 |
| YETI Yeti Holdings Inc. | New | 0.15% | +0.15 |
| ACN Accenture PLC Class A | Add +66.8% | 0.34% | +0.15 |
| LLY Eli Lilly & Co. | Add +5.4% | 0.47% | +0.14 |
| AMZN Amazon.com Inc. | Add +2.9% | 3.60% | +0.13 |
| DHR Danaher Corp. | Add +1.4% | 1.17% | +0.13 |
| WST West Pharmaceutical Services | New | 0.13% | +0.13 |
| CB Chubb Ltd. | Add +1.3% | 1.73% | +0.12 |
| BSX Boston Scientific Corp. | Add +102.2% | 0.22% | +0.11 |
| CAT Caterpillar Inc. | Add +43.4% | 0.26% | +0.10 |
| NXPI NXP Semiconductors NV | Add +12.2% | 3.90% | +0.10 |
| WPC WP Carey Inc. | New | 0.09% | +0.09 |
| ETN Eaton Corp. PLC | New | 0.09% | +0.09 |
| AHR American Healthcare REIT Inc. | Add +630.0% | 0.10% | +0.09 |
| PTC PTC Inc. | Add +27.3% | 1.94% | +0.09 |
| V Visa Inc. Class A | Add +6.6% | 1.79% | +0.09 |
| SPGI S&P Global Inc. | Add +76.9% | 0.19% | +0.09 |
| CPAY Corpay Inc. | Add +4.7% | 1.80% | +0.09 |
| TROX Tronox Holdings PLC | Add +123.0% | 0.16% | +0.09 |
| NEM Newmont Corp. | Add +3895.7% | 0.09% | +0.08 |
| ENB Enbridge Inc. | New | 0.08% | +0.08 |
| ED Consolidated Edison Inc. | New | 0.08% | +0.08 |
| ABT Abbott Laboratories | Add +83.5% | 0.20% | +0.08 |
| ANET Arista Networks Inc. | Add +136.9% | 0.15% | +0.08 |
| KO The Coca-Cola Co. | Add +39.8% | 0.25% | +0.07 |
| VZ Verizon Communications Inc. | New | 0.07% | +0.07 |
| PFSI Pennymac Financial Services | New | 0.07% | +0.07 |
| CROX Crocs Inc. | Add +135.2% | 0.12% | +0.07 |
| COST Costco Wholesale Corp. | Add +103.0% | 0.15% | +0.07 |
| MA Mastercard Inc. Class A | Add +53.9% | 0.20% | +0.07 |
| WMT Walmart Inc. | New | 0.06% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +19.7% | 0.20% | +0.06 |
| KIM Kimco Realty Corp. | New | 0.06% | +0.06 |
| LIN Linde PLC | Add +59.2% | 0.22% | +0.06 |
| SPOT Spotify Technology SA | Add +28.9% | 2.10% | +0.06 |
| PEP Pepsico Inc. | Add +19.7% | 0.39% | +0.06 |
| GOOG Alphabet Inc. Class C | New | 0.06% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.0% | 1.53% | +0.05 |
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 |