APG Asset Management N.V.
Institutional investor · Portfolio as of Q4 2025
Top Holdings540 positions
NVIDIA Corp. | 18.9M | $3B | 8.5% | $115.30 | +61.37% | 29 qtrssince 2018-Q4 | Decreased 0 |
Microsoft Corp. | 6.7M | $2.8B | 7.8% | $388.86 | +23.58% | 29 qtrssince 2018-Q4 | Decreased 0 |
Apple Inc. | 10M | $2.3B | 6.6% | $237.91 | +13.96% | 29 qtrssince 2018-Q4 | Decreased 0 |
Broadcom Inc | 5.2M | $1.5B | 4.4% | $220.32 | +56.23% | 29 qtrssince 2018-Q4 | Decreased 0 |
Amazon.com, Inc. | 7.4M | $1.4B | 4.1% | $212.19 | +8.78% | 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% | $213.85 | +48.56% | 29 qtrssince 2018-Q4 | Increased 58 |
MasterCard Incorporated | 1.3M | $640.4M | 1.8% | $517.28 | +9.82% | 29 qtrssince 2018-Q4 | Increased 64 |
Costco Wholesale Corporation | 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% | $482.26 | +19.82% | 29 qtrssince 2018-Q4 | Increased 53 |
Cadence Design Systems, Inc. | 1.4M | $370.7M | 1.1% | $286.22 | +9.21% | 29 qtrssince 2018-Q4 | Decreased 0 |
The TJX Companies Inc. | 2.7M | $349.9M | 1.0% | $127.70 | +19.19% | 29 qtrssince 2018-Q4 | Increased 61 |
FERGUSON ENTERPRISES INC COMMON STOCK NEW | 1.8M | $347.1M | 1.0% | $192.85 | +13.69% | 6 qtrssince 2024-Q3 | Decreased 0 |
Intuitive Surgical Inc. | 686,524 | $331.1M | 0.9% | $515.68 | +9.83% | 29 qtrssince 2018-Q4 | Decreased 0 |
Visa Inc | 1.1M | $318.3M | 0.9% | $296.18 | +17.71% | 29 qtrssince 2018-Q4 | Decreased 0 |
The Progressive Corporation | 1.6M | $316.4M | 0.9% | $202.82 | +5.42% | 29 qtrssince 2018-Q4 | Increased 70 |
Berkshire Hathaway Inc. | 736,280 | $315.1M | 0.9% | $502.65 | 0.00% | 1 qtr | New 60 |
Arista Networks Inc | 2.6M | $284.8M | 0.8% | $126.89 | +3.26% | 5 qtrssince 2024-Q4 | Increased 70 |
WEST PHARMACEUTICAL SVSC INC | 1.2M | $280.9M | 0.8% | $269.06 | +2.02% | 25 qtrssince 2019-Q4 | Decreased 0 |
Stryker Corporation | 931,009 | $278.6M | 0.8% | $362.99 | -4.00% | 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: Balanced Allocator. HoldingsIntel Score: 3.5/5.0.
Active quarter - 40 new positions, 28 exits, 60 increased. Top move: COST (INCREASED, conviction 71). Portfolio: $35.2B across 540 positions.
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Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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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
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