§ 13F · FUND PROFILE
APG Asset Management N.V..
APG, Dutch pension asset manager
AUM · $35.6B (13F)Positions · 528Turnover · 99% · Q1Filed · May 13, 2026
CONCENTRATION
36%
Top 10 holdings
NEW BUYS
+4
+$32M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-5pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 13, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | 5.66M | $1.8B | 5.8% | −15% |
| 2 | NVDA | NVIDIA CORPORATION | 11.82M | $1.8B | 5.7% | −38% |
| 3 | AVGO | BROADCOM INC | 5.44M | $1.5B | 4.6% | +4% |
| 4 | AMZN | AMAZON COM INC | 7.55M | $1.4B | 4.3% | +2% |
| 5 | AAPL | APPLE INC | 5.89M | $1.3B | 4.1% | −41% |
| 6 | LLY | ELI LILLY & CO | 1.16M | $927M | 2.9% | +33% |
| 7 | JPM | JPMORGAN CHASE & CO | 3.36M | $858M | 2.7% | +16% |
| 8 | COST | COSTCO WHOLESALE CORPORATION | 760K | $657M | 2.1% | +13% |
| 9 | MA | MASTERCARD INCORPORATED | 1.42M | $614M | 1.9% | +7% |
| 10 | TJX | TJX COS INC NEW | 3.01M | $417M | 1.3% | +13% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other42.0% (+3pp)
Technology16.2% (−5pp)
Semiconductors14.6% (−1pp)
Retail11.1% (+2pp)
Financial Services8.7% (±0)
Banking6.2% (+1pp)
§ 03 · THE APG SIGNAL
AC read
APG Asset Management N.V. is a Other fund managing $35.6 billion in assets. The fund runs a broad portfolio of 528 positions, broad diversification across holdings, with the top 10 accounting for 36%. Trading activity is aggressive at 99% quarterly turnover, with 4 new positions and 0 exits last quarter. Top sector allocations: Other (42%), Technology (16%), Semiconductors (15%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Active book
+4 buys · −0 exits · 505 changed
Q4 2025
Busy quarter
+40 buys · −0 exits · 494 changed
Q3 2025
Active book
+2 buys · −0 exits · 399 changed
Q2 2025
Busy quarter
+20 buys · −0 exits · 515 changed