APG Asset Management US Inc.

CIK 1323255 · View on SEC EDGAR ↗

Portfolio value
$14.3B
#387 of 9,443 by 13F value · top 4.1%
Positions
61
As of
June 30, 2026

Portfolio value QoQ: +9.9% 13F does not disclose cash

Top 10 holdings weight
69.41%
Top 25 holdings weight
93.98%
Positions above 1%
21
Effective number of positions
13.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.03% Est. buys $138,489,981 · sells $3,904,216

Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 26.5% still held

New positions
2
Increased
14
Decreased
6
Closed
14
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+13.4%
S&P 500 total return (same window)
+28.1%
Excess return
-14.7%

Annualized: +8.8% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 94.8% · Options excluded: 0.0%

Sector breakdown

Real Estate
95.3%
Other/Unmapped
4.7%

Full portfolio 61 positions

Type Streak 8Q trend
PLD Prologis, Inc. Common Stock $2,638,438,344 18.49% 19,286,830 $66,925,300
DLR Digital Realty Trust, Inc. Common Stock $1,519,824,270 10.65% 8,619,693 $-35,599,332
EQIX Equinix, Inc. - Common Stock $1,210,632,251 8.48% 1,194,365 $21,068,598
VTR Ventas, Inc. Common Stock $1,014,376,930 7.11% 11,314,857 $86,445,507
EQR Equity Residential Common Shares of Beneficial Interest $745,085,919 5.22% 10,856,563 $98,577,592
PSA Public Storage Common Stock $679,539,514 4.76% 2,103,577 $100,830,802 Up ×1
HYG $570,343,850 4.00% 7,166,024 $78,466,213 Up ×3
O Realty Income Corporation Common Stock $551,518,537 3.86% 8,921,361 $-1,532,230 Down ×1
BXP BXP, Inc. Common Stock $489,913,609 3.43% 7,230,130 $121,927,726 Up ×1
INVH Invitation Homes Inc. Common Stock $484,849,262 3.40% 15,975,264 $87,863,952
MAA Mid-America Apartment Communities, Inc. Common Stock $432,374,297 3.03% 3,089,712 $53,730,091
EXR Extra Space Storage Inc Common Stock $404,774,866 2.84% 2,748,149 $42,354,831 Up ×3
WELL Welltower Inc. Common Stock $389,571,945 2.73% 1,692,393 $53,022,673
ARE Alexandria Real Estate Equities, Inc. Common Stock $370,079,243 2.59% 6,981,310 $67,858,333
KIM Kimco Realty Corporation (HC) Common Stock $370,052,415 2.59% 14,754,881 $37,902,061 Down ×1
CUZ Cousins Properties Incorporated Common Stock $224,459,390 1.57% 7,323,308 $61,572,271 Up ×1
HR Healthcare Realty Trust Incorporated Common Stock $207,444,859 1.45% 10,223,995 $32,001,105
REG Regency Centers Corporation - Common Stock $205,885,145 1.44% 2,593,992 $7,665,250 Down ×1
COLD Americold Realty Trust, Inc. Common Stock $205,445,046 1.44% 12,824,285 $61,428,325
SPG Simon Property Group, Inc. Common Stock $199,136,101 1.40% 892,987 $33,496,335 Up ×3
KRC Kilroy Realty Corporation Common Stock $184,110,583 1.29% 4,701,496 $52,337,236 Up ×2
IRM Iron Mountain Incorporated (Delaware)Common Stock REIT $85,806,873 0.60% 703,912 $14,746,957
LQD $85,325,374 0.60% 786,699 $9,383,661 Up ×1
VICI VICI Properties Inc. Common Stock $74,805,427 0.52% 2,847,561 $-3,689,972 Down ×3
AVB AvalonBay Communities, Inc. Common Stock $67,896,293 0.48% 356,542 $9,102,517
HST Host Hotels & Resorts, Inc. - Common Stock $56,499,972 0.40% 2,419,699 $10,283,721
ESS Essex Property Trust, Inc. Common Stock $47,163,860 0.33% 159,780 $8,324,538
WPC W. P. Carey Inc. REIT $41,070,296 0.29% 580,007 $823,610
SUI Sun Communities, Inc. Common Stock $37,085,257 0.26% 307,048 $-2,026,517
DOC Healthpeak Properties, Inc. Common Stock $36,020,083 0.25% 1,664,514 $8,755,344
OHI Omega Healthcare Investors, Inc. Common Stock $34,992,085 0.25% 726,429 $2,789,487
UDR UDR, Inc. Common Stock $33,643,231 0.24% 828,243 $5,284,191
FRT Federal Realty Investment Trust Common Stock $32,495,769 0.23% 269,876 $3,508,404 Down ×2
GLPI Gaming and Leisure Properties, Inc. - Common Stock $31,742,970 0.22% 726,550 $-450,461
ELS Equity Lifestyle Properties, Inc. Common Stock $31,316,552 0.22% 481,719 $843,008
CPT Camden Property Trust Common Stock $30,607,453 0.21% 264,633 $4,601,968
BRX Brixmor Property Group Inc. Common Stock $30,176,706 0.21% 966,273 $1,946,143 Down ×2
AMH American Homes 4 Rent Common Shares of Beneficial Interest $27,664,596 0.19% 820,421 $4,553,336
RHP Ryman Hospitality Properties, Inc. (REIT) $26,930,824 0.19% 215,740 $6,989,976
EGP EastGroup Properties, Inc. Common Stock $26,343,670 0.18% 128,218
VNO Vornado Realty Trust Common Stock $25,383,178 0.18% 633,629 $9,805,320 Up ×1
AHR American Healthcare REIT, Inc. Common Stock $23,835,890 0.17% 444,285 $4,249,239 Up ×2
NNN NNN REIT, Inc. Common Stock $23,301,300 0.16% 500,350 $2,061,442
ADC Agree Realty Corporation Common Stock $23,083,625 0.16% 302,617 $133,152
CUBE CubeSmart Common Shares $22,518,107 0.16% 561,129 $2,662,445 Up ×1
CTRE CareTrust REIT, Inc. Common Stock $22,409,355 0.16% 547,906 $2,065,605
KRG Kite Realty Group Trust Common Stock $19,586,274 0.14% 691,850 $2,698,215
FR First Industrial Realty Trust, Inc. Common Stock $19,096,020 0.13% 309,950 $917,452
REXR Rexford Industrial Realty, Inc. Common Stock $19,036,761 0.13% 564,554 $491,162
STAG Stag Industrial, Inc. Common Stock $17,332,402 0.12% 452,071 $962,911
TRNO Terreno Realty Corporation Common Stock $16,184,134 0.11% 245,177 $1,039,551
EPRT Essential Properties Realty Trust, Inc. Common Stock $15,836,487 0.11% 527,707 $-321,901
SLG SL Green Realty Corp Common Stock $13,105,758 0.09% 250,972 $4,093,885 Up ×2
SBRA Sabra Health Care REIT, Inc. - Common Stock $12,228,542 0.09% 621,369 $933,853 Up ×1
EPR EPR Properties Common Stock $11,558,566 0.08% 200,183
IRT Independence Realty Trust, Inc. Common Stock $10,274,807 0.07% 598,765 $1,371,171
PK Park Hotels & Resorts Inc. Common Stock $9,818,506 0.07% 692,908 $2,626,121
BKLN $9,772,800 0.07% 480,000 $-43,200
NSA National Storage Affiliates Trust Common Shares of Beneficial Interest $7,778,561 0.05% 172,054 $1,267,906 Up ×1
LINE Lineage, Inc. - Common Stock $7,392,777 0.05% 169,598 $1,833,355
MPT Medical Properties Trust, Inc. common stock $5,638,104 0.04% 1,228,345 $-61,417

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
HYG $570,343,850 4.00% up ×3
EXR $404,774,866 2.84% up ×3
SPG $199,136,101 1.40% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
EGP $26,343,670 128,218 0.18%
EPR $11,558,566 200,183 0.08%

Top movers (QoQ)

Security Action Shares Δ Value Δ
BXP Bought more +18K +$121.9M
PSA Bought more +9K +$100.8M
EQR Price move only +0 +$98.6M
INVH Price move only +0 +$87.9M
VTR Price move only +0 +$86.4M
HYG Bought more +969K +$78.5M
ARE Price move only +0 +$67.9M
PLD Price move only +0 +$66.9M
CUZ Bought more +12K +$61.6M
COLD Price move only +0 +$61.4M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
EGP Dec. 31, 2025 300,159 $51,660,365 14.3%
NVDA Dec. 31, 2025 226,405 $42,392,072 16.3%
AVGO Dec. 31, 2025 123,408 $41,142,993 7.7%
MSFT Dec. 31, 2025 59,861 $31,110,360 -0.3%
SKT March 31, 2026 887,091 $29,602,227 12.0%
CURB March 31, 2026 789,832 $18,332,001 15.4%
UE March 31, 2026 892,720 $17,131,297 7.5%
NTST March 31, 2026 956,127 $16,866,080 9.4%
ORCL Dec. 31, 2025 52,339 $15,126,494 -24.9%
GRTUF March 31, 2026 250,000 $14,902,426 No longer tracked
EPR March 31, 2026 287,278 $14,335,172 22.2%
AKR March 31, 2026 694,831 $14,271,829 10.4%
S March 31, 2025 595,742 $13,225,472 12.7%
LLY Dec. 31, 2025 15,015 $12,393,681 16.3%
ANET Dec. 31, 2025 76,981 $11,490,954 43.8%
UMH March 31, 2026 679,926 $10,817,623 15.3%
CRM Dec. 31, 2025 44,606 $10,513,188 -22.4%
IRT June 30, 2025 489,137 $10,447,966 -5.8%
NSA Dec. 31, 2025 344,780 $10,446,834 No longer tracked
VRE March 31, 2026 696,155 $10,358,786 No longer tracked
APH Dec. 31, 2025 82,660 $10,304,396 15.3%
MAC March 31, 2026 556,272 $10,268,781 30.3%
LINE Sept. 30, 2025 215,025 $9,299,831 7.6%
SMA March 31, 2026 293,366 $9,076,744 14.1%
ABBV Dec. 31, 2025 37,008 $9,044,015 15.5%
CTO March 31, 2026 460,001 $8,468,618 18.4%
HST Sept. 30, 2025 525,647 $8,342,018 36.2%
PLTR Dec. 31, 2025 44,809 $8,287,425 -2.7%
SHO June 30, 2025 867,197 $8,229,700 31.1%
SITC Dec. 31, 2025 802,381 $7,213,405 -53.0%
LRCX Dec. 31, 2025 49,925 $7,128,791 83.5%
AMD Dec. 31, 2025 42,321 $6,941,067 119.8%
INTU Dec. 31, 2025 9,828 $6,678,126 -45.5%
UNH Dec. 31, 2025 19,083 $6,646,609 17.3%
MU Dec. 31, 2025 34,903 $6,357,581 245.0%
NOW Dec. 31, 2025 6,386 $5,826,778 -15.4%
SHOP Dec. 31, 2025 38,167 $5,710,474 -9.4%
PEB March 31, 2026 494,211 $5,594,469 47.5%
XHR March 31, 2026 388,747 $5,496,883 31.7%
MPT March 31, 2025 1,318,696 $5,208,849 -32.1%
PGRE Dec. 31, 2025 784,067 $5,127,798 No longer tracked
SNPS Dec. 31, 2025 9,946 $4,861,406 -15.2%
PANW Dec. 31, 2025 23,464 $4,852,355 86.8%
MRK Dec. 31, 2025 52,382 $4,721,190 44.1%
QCOM Dec. 31, 2025 28,052 $4,670,377 -5.9%
CRWD Dec. 31, 2025 8,697 $4,348,152 -60.1%
ACN Dec. 31, 2025 17,709 $4,315,860 -32.0%
TMO Dec. 31, 2025 7,894 $4,189,583 7.1%
ADBE Dec. 31, 2025 11,424 $3,926,657 -22.0%
AMGN Dec. 31, 2025 11,265 $3,362,603 33.2%
KLAC Dec. 31, 2025 2,938 $3,316,620 -84.7%
INTC Dec. 31, 2025 91,268 $3,280,172 149.1%
ISRG Dec. 31, 2025 7,448 $3,262,522 -34.0%
PFE Dec. 31, 2025 119,114 $3,241,092 12.7%
BSX Dec. 31, 2025 30,996 $2,970,967 -48.2%
CDNS Dec. 31, 2025 8,249 $2,903,401 0.4%
CUBE June 30, 2025 69,044 $2,901,919 -3.3%
GILD Dec. 31, 2025 25,728 $2,859,667 18.0%
DHR Dec. 31, 2025 13,432 $2,859,404 -6.5%
TXN Dec. 31, 2025 15,125 $2,728,399 52.8%
SYK Dec. 31, 2025 7,206 $2,624,065 -6.0%
MDT Dec. 31, 2025 26,664 $2,528,014 -4.1%
DDOG Dec. 31, 2025 16,306 $2,489,926 69.0%
AMAT Dec. 31, 2025 10,767 $2,344,407 92.3%
MSI June 30, 2025 5,252 $2,289,819 13.5%
MRVL Dec. 31, 2025 26,667 $2,237,095 189.9%
CSCO Dec. 31, 2025 31,543 $2,168,581 44.1%
VRTX Dec. 31, 2025 5,334 $2,156,056 20.6%
ADSK Dec. 31, 2025 6,768 $2,136,861 -16.5%
GLW Dec. 31, 2025 25,590 $2,127,041 75.4%
SNOW Dec. 31, 2025 9,102 $2,098,466 44.0%
TEL Dec. 31, 2025 9,414 $2,086,990 -10.9%
CVS Dec. 31, 2025 25,996 $1,998,313 17.9%
MCK Dec. 31, 2025 2,605 $1,993,033 4.4%
BMY Dec. 31, 2025 41,897 $1,987,175 22.5%
MSTR Dec. 31, 2025 5,761 $1,949,580 -20.8%
NTNX Dec. 31, 2025 25,240 $1,906,377 28.1%
APP June 30, 2025 6,546 $1,850,554 -14.1%
NXPI Dec. 31, 2025 7,850 $1,765,544 3.7%
FTNT Dec. 31, 2025 20,467 $1,743,379 88.2%
STX Dec. 31, 2025 6,626 $1,701,822 211.9%
ROP Dec. 31, 2025 3,375 $1,680,649 -9.1%
CI Dec. 31, 2025 5,636 $1,643,739 0.6%
HCA Dec. 31, 2025 3,839 $1,635,683 -10.9%
ELV Dec. 31, 2025 4,792 $1,594,107 14.0%
WDAY Dec. 31, 2025 6,705 $1,556,968 -9.0%
DELL Dec. 31, 2025 9,985 $1,494,555 248.9%
WDC Dec. 31, 2025 10,882 $1,421,080 173.1%
ZTS Dec. 31, 2025 9,362 $1,375,746 -39.1%
MPWR Dec. 31, 2025 1,473 $1,349,077 45.2%
REGN Dec. 31, 2025 2,240 $1,343,866 8.5%
CHKP Dec. 31, 2025 5,797 $1,183,342 -30.2%
BDX Dec. 31, 2025 5,973 $1,140,485 23.7%
FICO Dec. 31, 2025 752 $1,137,558 -31.0%
CTSH Dec. 31, 2025 15,603 $1,038,068 -26.7%
NET Dec. 31, 2025 4,591 $996,522 39.7%
ANSS Sept. 30, 2025 2,751 $971,488 No longer tracked
HPE Dec. 31, 2025 38,965 $971,397 123.0%
DT Dec. 31, 2025 19,775 $955,330 11.2%
EW Dec. 31, 2025 12,449 $949,983 4.8%
VEEV Dec. 31, 2025 3,179 $932,274 11.0%
OKTA Dec. 31, 2025 9,706 $889,943 53.5%
TDY Dec. 31, 2025 1,473 $847,078 23.9%
ZS Dec. 31, 2025 2,721 $828,626 -23.1%
A Dec. 31, 2025 5,938 $822,888 15.0%
RMD Dec. 31, 2025 3,033 $821,488 -4.6%
KEYS June 30, 2025 5,463 $819,669 93.5%
JBL Dec. 31, 2025 3,740 $803,502 39.9%
CAH Dec. 31, 2025 5,000 $789,650 12.2%
ALC Dec. 31, 2025 10,326 $769,709 -7.7%
IQV Dec. 31, 2025 3,767 $767,677 13.6%
PTC Dec. 31, 2025 3,782 $765,552 -12.3%
NTAP Dec. 31, 2025 6,446 $763,851 80.2%
VRSN Dec. 31, 2025 2,765 $760,154 14.1%
TEAM Dec. 31, 2025 5,038 $753,534 5.0%
GEHC Dec. 31, 2025 9,437 $712,588 -9.7%
MDB Dec. 31, 2025 2,201 $707,688 -0.3%
HUBS Dec. 31, 2025 1,536 $676,224 -41.8%
TYL Dec. 31, 2025 1,343 $672,494 -24.3%
CDW Dec. 31, 2025 4,205 $668,553 -2.4%
ZM Dec. 31, 2025 7,839 $637,154 22.7%
CYBR Dec. 31, 2025 1,285 $629,868 No longer tracked
ON Dec. 31, 2025 13,008 $628,937 38.7%
HUM Dec. 31, 2025 2,488 $613,964 49.9%
IT Dec. 31, 2025 2,426 $608,926 -23.5%
GDDY Dec. 31, 2025 4,438 $586,615 -22.7%
SMCI June 30, 2025 16,590 $581,480 -24.1%
GIB Dec. 31, 2025 6,411 $576,431 -19.1%
MTD Dec. 31, 2025 441 $568,811 -0.2%
FSLR March 31, 2025 3,189 $562,029 70.0%
DXCM Dec. 31, 2025 8,281 $547,208 34.8%
PSTG Sept. 30, 2025 9,340 $515,755 No longer tracked
TWLO Dec. 31, 2025 4,803 $493,268 52.8%
STE Dec. 31, 2025 2,038 $491,769 -6.7%
GEN Dec. 31, 2025 17,439 $490,385 3.3%
TRMB June 30, 2025 7,307 $477,732 -21.7%
ZBRA Dec. 31, 2025 1,624 $473,867 48.2%
TEVA Dec. 31, 2025 23,412 $469,645 19.1%
BIIB Dec. 31, 2025 3,010 $464,202 22.5%
PODD Dec. 31, 2025 1,449 $443,365 -48.6%
DOCU Dec. 31, 2025 6,389 $440,649 -10.9%
DGX Dec. 31, 2025 2,300 $418,761 38.6%
ZBH Dec. 31, 2025 4,209 $416,228 10.5%
WST Dec. 31, 2025 1,499 $406,859 28.2%
LOGI March 31, 2025 4,788 $396,448 13.9%
WAT Dec. 31, 2025 1,227 $392,407 4.8%
TER June 30, 2025 4,728 $390,580 316.5%
CNC Dec. 31, 2025 10,871 $388,530 55.9%
AKAM June 30, 2025 4,770 $384,462 37.9%
UTHR Dec. 31, 2025 873 $382,531 8.0%
MNDY Sept. 30, 2025 1,179 $358,133 -54.3%
MANH June 30, 2025 1,928 $336,937 5.1%
ILMN Dec. 31, 2025 3,284 $335,822 60.1%
HOLX Dec. 31, 2025 4,800 $321,792 No longer tracked
SWKS June 30, 2025 4,885 $315,669 -8.9%
EPAM June 30, 2025 1,792 $300,214 -39.5%
INCY Dec. 31, 2025 3,383 $293,306 29.1%
NBIX Dec. 31, 2025 2,087 $285,919 8.6%
RPRX Dec. 31, 2025 7,872 $285,911 57.1%
ENPH March 31, 2025 4,154 $285,297 -37.0%
ALGN Sept. 30, 2025 1,466 $284,814 26.9%
MRNA March 31, 2025 6,752 $280,748 404.8%
MCHP Dec. 31, 2025 4,301 $275,737 19.8%
DSGX Sept. 30, 2025 2,691 $272,598 -18.6%
WIX Sept. 30, 2025 1,664 $267,954 -54.8%
IOT Dec. 31, 2025 6,877 $262,220 7.8%
BAX Dec. 31, 2025 10,543 $246,284 37.0%
TECH March 31, 2025 3,278 $236,114 23.3%
RVTY Dec. 31, 2025 2,549 $233,896 26.9%
MOH Dec. 31, 2025 1,211 $233,469 14.2%
AZPN March 31, 2025 896 $223,668 No longer tracked
SOLV Dec. 31, 2025 3,034 $221,603 11.7%
BMRN Dec. 31, 2025 3,934 $215,819 13.8%
VTRS June 30, 2025 24,664 $212,110 79.8%
OTEX June 30, 2025 8,359 $211,724 -15.7%
BSY June 30, 2025 5,032 $203,746 -33.4%
AVTR Sept. 30, 2025 14,049 $195,562 13.7%