APG Asset Management N.V.
Institutional investor · Portfolio as of Q4 2025
Top Holdings540 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 18.9M | $3B | 8.5% | $133.52 | +40.46% | 29 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 6.7M | $2.8B | 7.8% | $393.49 | +23.89% | 29 qtrssince 2018-Q4 | Decreased 0 |
APPLE INC | 10M | $2.3B | 6.6% | $239.19 | +13.35% | 29 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 5.2M | $1.5B | 4.4% | $228.50 | +53.10% | 29 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 7.4M | $1.4B | 4.1% | $214.85 | +8.23% | 29 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 875,529 | $801.2M | 2.3% | $693.34 | +54.25% | 29 qtrssince 2018-Q4 | Increased 54 |
JPMORGAN CHASE & CO | 2.9M | $791.9M | 2.2% | $215.79 | +49.20% | 29 qtrssince 2018-Q4 | Increased 58 |
MASTERCARD INC - A | 1.3M | $640.4M | 1.8% | $519.74 | +10.93% | 29 qtrssince 2018-Q4 | Increased 64 |
COSTCO WHOLESALE CORP | 671,883 | $493.3M | 1.4% | $751.33 | +14.27% | 29 qtrssince 2018-Q4 | Increased 71 |
THERMO FISHER SCIENTIFIC INC | 906,926 | $447.5M | 1.3% | $478.30 | +21.98% | 29 qtrssince 2018-Q4 | Increased 53 |
CADENCE DESIGN SYS INC | 1.4M | $370.7M | 1.1% | $285.90 | +10.39% | 29 qtrssince 2018-Q4 | Decreased 0 |
TJX COMPANIES INC | 2.7M | $349.9M | 1.0% | $127.70 | +19.19% | 29 qtrssince 2018-Q4 | Increased 61 |
FERGUSON ENTERPRISES INC | 1.8M | $347.1M | 1.0% | $198.17 | +13.37% | 6 qtrssince 2024-Q3 | Decreased 0 |
INTUITIVE SURGICAL INC | 686,524 | $331.1M | 0.9% | $514.42 | +11.32% | 29 qtrssince 2018-Q4 | Decreased 0 |
VISA INC-CLASS A SHARES | 1.1M | $318.3M | 0.9% | $296.18 | +17.71% | 29 qtrssince 2018-Q4 | Decreased 0 |
PROGRESSIVE CORP | 1.6M | $316.4M | 0.9% | $204.46 | +5.76% | 29 qtrssince 2018-Q4 | Increased 70 |
BERKSHIRE HATHAWAY INC-CL B | 736,280 | $315.1M | 0.9% | $503.71 | 0.00% | 1 qtr | New 60 |
ARISTA NETWORKS INC | 2.6M | $284.8M | 0.8% | $126.60 | +4.61% | 29 qtrssince 2018-Q4 | Increased 70 |
WEST PHARMACEUTICAL SERVICES | 1.2M | $280.9M | 0.8% | $269.06 | +2.02% | 25 qtrssince 2019-Q4 | Decreased 0 |
STRYKER CORP | 931,009 | $278.6M | 0.8% | $365.02 | -3.23% | 29 qtrssince 2018-Q4 | Decreased 0 |
APG Asset Management N.V. manages $35.2B across 540 positions as of Q4 2025. Top holdings: NVDA (8.5%), MSFT (7.8%), AAPL (6.6%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 2.5/5.0.
Active quarter - 40 new positions, 28 exits, 60 increased. Top move: COST (INCREASED, conviction 71). Portfolio: $35.2B across 540 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer