Filed: 11/12/2025ACC: 0001434819-25-000013
📋 What this filing means
APG ASSET MANAGEMENT N.V. filed this quarterly 13F‑HR report disclosing 528 equity positions with a total reported market value of $35.63B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
528
Positions
$35.63B
Total AUM (reported)
269.77M
Total Shares
Allocation by class
COM$29.98B84.1%
CL A$1.55B4.3%
COM NEW$1.13B3.2%
COM CL A$592.15M1.7%
SHS$563.87M1.6%
COMMON STOCK NEW$387.91M1.1%
SHS USD$300.73M0.8%
Portfolio Concentration
Top 3$8.33B23.4%
4–10$5.62B15.8%
11–25$4.61B12.9%
Rest$17.07B47.9%
Top 3 weight
23.4%
Top 10 weight
39.1%
Voting Authority Distribution
Total shares with voting rights: 269.77M
Sole
Full voting authority
269.77M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other528
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings528
Rows:
NVIDIA CORPORATION
DFNDShares19.36M
TypeSH
Market value$3.07B
8.63%
Sole
19.36M
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares6.77M
TypeSH
Market value$2.98B
8.38%
Sole
6.77M
Shared
0.00
None
0.00
APPLE INC
DFNDShares10.48M
TypeSH
Market value$2.27B
6.37%
Sole
10.48M
Shared
0.00
None
0.00
BROADCOM INC
DFNDShares5.52M
TypeSH
Market value$1.55B
4.35%
Sole
5.52M
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares7.65M
TypeSH
Market value$1.43B
4.01%
Sole
7.65M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
DFNDShares2.72M
TypeSH
Market value$730.51M
2.05%
Sole
2.72M
Shared
0.00
None
0.00
ELI LILLY & CO
DFNDShares874.56K
TypeSH
Market value$567.91M
1.59%
Sole
874.56K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
DFNDShares987.12K
TypeSH
Market value$477.86M
1.34%
Sole
987.12K
Shared
0.00
None
0.00
VISA INC
DFNDShares1.52M
TypeSH
Market value$441.06M
1.24%
Sole
1.52M
Shared
0.00
None
0.00
CADENCE DESIGN SYSTEM INC
DFNDShares1.41M
TypeSH
Market value$421.25M
1.18%
Sole
1.41M
Shared
0.00
None
0.00
FERGUSON ENTERPRISES INC
DFNDShares2.03M
TypeSH
Market value$387.91M
1.09%
Sole
2.03M
Shared
0.00
None
0.00
ROLLINS INC
DFNDShares7.29M
TypeSH
Market value$364.56M
1.02%
Sole
7.29M
Shared
0.00
None
0.00
THERMO FISHER SCIENTIFIC INC
DFNDShares848.73K
TypeSH
Market value$350.34M
0.98%
Sole
848.73K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
DFNDShares414.95K
TypeSH
Market value$326.89M
0.92%
Sole
414.95K
Shared
0.00
None
0.00
GALLAGHER ARTHUR J & CO
DFNDShares1.20M
TypeSH
Market value$315.77M
0.89%
Sole
1.20M
Shared
0.00
None
0.00
WEST PHARMACEUTICAL SVSC INC
DFNDShares1.41M
TypeSH
Market value$315.62M
0.89%
Sole
1.41M
Shared
0.00
None
0.00
TYLER TECHNOLOGIES INC
DFNDShares705.88K
TypeSH
Market value$314.29M
0.88%
Sole
705.88K
Shared
0.00
None
0.00
BROADRIDGE FINL SOLUTIONS IN
DFNDShares1.49M
TypeSH
Market value$302.91M
0.85%
Sole
1.49M
Shared
0.00
None
0.00
STERIS PLC
DFNDShares1.43M
TypeSH
Market value$300.73M
0.84%
Sole
1.43M
Shared
0.00
None
0.00
STRYKER CORPORATION
DFNDShares943.65K
TypeSH
Market value$296.88M
0.83%
Sole
943.65K
Shared
0.00
None
0.00
ORACLE CORP
DFNDShares1.16M
TypeSH
Market value$278.54M
0.78%
Sole
1.16M
Shared
0.00
None
0.00
BANK AMERICA CORP
DFNDShares6.34M
TypeSH
Market value$278.47M
0.78%
Sole
6.34M
Shared
0.00
None
0.00
INTUITIVE SURGICAL INC
DFNDShares698.31K
TypeSH
Market value$265.79M
0.75%
Sole
698.31K
Shared
0.00
None
0.00
WALMART INC
DFNDShares2.97M
TypeSH
Market value$260.52M
0.73%
Sole
2.97M
Shared
0.00
None
0.00
HOME DEPOT INC
DFNDShares737.61K
TypeSH
Market value$254.36M
0.71%
Sole
737.61K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONDFND | COM | 19.36M | SH | $3.07B 8.63% | 19.36M | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 6.77M | SH | $2.98B 8.38% | 6.77M | 0.00 | 0.00 |
APPLE INCDFND | COM | 10.48M | SH | $2.27B 6.37% | 10.48M | 0.00 | 0.00 |
BROADCOM INCDFND | COM | 5.52M | SH | $1.55B 4.35% | 5.52M | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 7.65M | SH | $1.43B 4.01% | 7.65M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.DFND | COM | 2.72M | SH | $730.51M 2.05% | 2.72M | 0.00 | 0.00 |
ELI LILLY & CODFND | COM | 874.56K | SH | $567.91M 1.59% | 874.56K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDDFND | CL A | 987.12K | SH | $477.86M 1.34% | 987.12K | 0.00 | 0.00 |
VISA INCDFND | COM CL A | 1.52M | SH | $441.06M 1.24% | 1.52M | 0.00 | 0.00 |
CADENCE DESIGN SYSTEM INCDFND | COM | 1.41M | SH | $421.25M 1.18% | 1.41M | 0.00 | 0.00 |
FERGUSON ENTERPRISES INCDFND | COMMON STOCK NEW | 2.03M | SH | $387.91M 1.09% | 2.03M | 0.00 | 0.00 |
ROLLINS INCDFND | COM | 7.29M | SH | $364.56M 1.02% | 7.29M | 0.00 | 0.00 |
THERMO FISHER SCIENTIFIC INCDFND | COM | 848.73K | SH | $350.34M 0.98% | 848.73K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWDFND | COM | 414.95K | SH | $326.89M 0.92% | 414.95K | 0.00 | 0.00 |
GALLAGHER ARTHUR J & CODFND | COM | 1.20M | SH | $315.77M 0.89% | 1.20M | 0.00 | 0.00 |
WEST PHARMACEUTICAL SVSC INCDFND | COM | 1.41M | SH | $315.62M 0.89% | 1.41M | 0.00 | 0.00 |
TYLER TECHNOLOGIES INCDFND | COM | 705.88K | SH | $314.29M 0.88% | 705.88K | 0.00 | 0.00 |
BROADRIDGE FINL SOLUTIONS INDFND | COM | 1.49M | SH | $302.91M 0.85% | 1.49M | 0.00 | 0.00 |
STERIS PLCDFND | SHS USD | 1.43M | SH | $300.73M 0.84% | 1.43M | 0.00 | 0.00 |
STRYKER CORPORATIONDFND | COM | 943.65K | SH | $296.88M 0.83% | 943.65K | 0.00 | 0.00 |
ORACLE CORPDFND | COM | 1.16M | SH | $278.54M 0.78% | 1.16M | 0.00 | 0.00 |
BANK AMERICA CORPDFND | COM | 6.34M | SH | $278.47M 0.78% | 6.34M | 0.00 | 0.00 |
INTUITIVE SURGICAL INCDFND | COM NEW | 698.31K | SH | $265.79M 0.75% | 698.31K | 0.00 | 0.00 |
WALMART INCDFND | COM | 2.97M | SH | $260.52M 0.73% | 2.97M | 0.00 | 0.00 |
HOME DEPOT INCDFND | COM | 737.61K | SH | $254.36M 0.71% | 737.61K | 0.00 | 0.00 |
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