Filed: 11/12/2025ACC: 0001323255-25-000030
📋 What this filing means
APG ASSET MANAGEMENT US INC. filed this quarterly 13F‑HR report disclosing 184 equity positions with a total reported market value of $13.56B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
184
Positions
$13.56B
Total AUM (reported)
192.85M
Total Shares
Allocation by class
COM$11.37B83.9%
SH BEN INT$761.25M5.6%
IBOXX INV CP ETF$383.80M2.8%
IBOXX HI YD ETF$375.21M2.8%
COM NEW$237.43M1.8%
CL A COM$226.45M1.7%
COM SH BEN INT$33.84M0.2%
Portfolio Concentration
Top 3$4.71B34.7%
4–10$4.32B31.9%
11–25$3.35B24.7%
Rest$1.18B8.7%
Top 3 weight
34.7%
Top 10 weight
66.6%
Voting Authority Distribution
Total shares with voting rights: 192.85M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
192.85M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other184
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings184
Rows:
PROLOGIS INC.
DFNDShares19.66M
TypeSH
Market value$2.29B
16.89%
Sole
0.00
Shared
19.66M
None
0.00
DIGITAL RLTY TR INC
DFNDShares8.64M
TypeSH
Market value$1.48B
10.92%
Sole
0.00
Shared
8.64M
None
0.00
EQUINIX INC
DFNDShares1.21M
TypeSH
Market value$937.53M
6.91%
Sole
0.00
Shared
1.21M
None
0.00
VENTAS INC
DFNDShares11.76M
TypeSH
Market value$826.86M
6.10%
Sole
0.00
Shared
11.76M
None
0.00
EQUITY RESIDENTIAL
DFNDShares11.35M
TypeSH
Market value$727.28M
5.36%
Sole
0.00
Shared
11.35M
None
0.00
PUBLIC STORAGE OPER CO
DFNDShares2.18M
TypeSH
Market value$635.13M
4.68%
Sole
0.00
Shared
2.18M
None
0.00
BXP INC
DFNDShares7.40M
TypeSH
Market value$564.88M
4.17%
Sole
0.00
Shared
7.40M
None
0.00
ALEXANDRIA REAL ESTATE EQ IN
DFNDShares6.69M
TypeSH
Market value$558.61M
4.12%
Sole
0.00
Shared
6.69M
None
0.00
REALTY INCOME CORP
DFNDShares8.45M
TypeSH
Market value$510.61M
3.77%
Sole
0.00
Shared
8.45M
None
0.00
INVITATION HOMES INC
DFNDShares17.08M
TypeSH
Market value$495.60M
3.66%
Sole
0.00
Shared
17.08M
None
0.00
MID-AMER APT CMNTYS INC
DFNDShares3.02M
TypeSH
Market value$416.49M
3.07%
Sole
0.00
Shared
3.02M
None
0.00
ISHARES TR
DFNDShares3.44M
TypeSH
Market value$383.80M
2.83%
Sole
0.00
Shared
3.44M
None
0.00
ISHARES TR
DFNDShares4.63M
TypeSH
Market value$375.21M
2.77%
Sole
0.00
Shared
4.63M
None
0.00
EXTRA SPACE STORAGE INC
DFNDShares2.53M
TypeSH
Market value$357.56M
2.64%
Sole
0.00
Shared
2.53M
None
0.00
WELLTOWER INC
DFNDShares1.59M
TypeSH
Market value$285.71M
2.11%
Sole
0.00
Shared
1.59M
None
0.00
KIMCO RLTY CORP
DFNDShares12.65M
TypeSH
Market value$272.19M
2.01%
Sole
0.00
Shared
12.65M
None
0.00
COUSINS PPTYS INC
DFNDShares7.67M
TypeSH
Market value$222.77M
1.64%
Sole
0.00
Shared
7.67M
None
0.00
HEALTHCARE RLTY TR
DFNDShares12.09M
TypeSH
Market value$222.03M
1.64%
Sole
0.00
Shared
12.09M
None
0.00
KILROY RLTY CORP
DFNDShares4.29M
TypeSH
Market value$180.72M
1.33%
Sole
0.00
Shared
4.29M
None
0.00
AMERICOLD REALTY TRUST INC
DFNDShares12.14M
TypeSH
Market value$149.44M
1.10%
Sole
0.00
Shared
12.14M
None
0.00
REGENCY CTRS CORP
DFNDShares2.02M
TypeSH
Market value$145.91M
1.08%
Sole
0.00
Shared
2.02M
None
0.00
VICI PPTYS INC
DFNDShares3.45M
TypeSH
Market value$113.57M
0.84%
Sole
0.00
Shared
3.45M
None
0.00
SIMON PPTY GROUP INC NEW
DFNDShares540.38K
TypeSH
Market value$100.38M
0.74%
Sole
0.00
Shared
540.38K
None
0.00
WP CAREY INC
DFNDShares916.61K
TypeSH
Market value$62.76M
0.46%
Sole
0.00
Shared
916.61K
None
0.00
UDR INC
DFNDShares1.65M
TypeSH
Market value$60.75M
0.45%
Sole
0.00
Shared
1.65M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PROLOGIS INC.DFND | COM | 19.66M | SH | $2.29B 16.89% | 0.00 | 19.66M | 0.00 |
DIGITAL RLTY TR INCDFND | COM | 8.64M | SH | $1.48B 10.92% | 0.00 | 8.64M | 0.00 |
EQUINIX INCDFND | COM | 1.21M | SH | $937.53M 6.91% | 0.00 | 1.21M | 0.00 |
VENTAS INCDFND | COM | 11.76M | SH | $826.86M 6.10% | 0.00 | 11.76M | 0.00 |
EQUITY RESIDENTIALDFND | SH BEN INT | 11.35M | SH | $727.28M 5.36% | 0.00 | 11.35M | 0.00 |
PUBLIC STORAGE OPER CODFND | COM | 2.18M | SH | $635.13M 4.68% | 0.00 | 2.18M | 0.00 |
BXP INCDFND | COM | 7.40M | SH | $564.88M 4.17% | 0.00 | 7.40M | 0.00 |
ALEXANDRIA REAL ESTATE EQ INDFND | COM | 6.69M | SH | $558.61M 4.12% | 0.00 | 6.69M | 0.00 |
REALTY INCOME CORPDFND | COM | 8.45M | SH | $510.61M 3.77% | 0.00 | 8.45M | 0.00 |
INVITATION HOMES INCDFND | COM | 17.08M | SH | $495.60M 3.66% | 0.00 | 17.08M | 0.00 |
MID-AMER APT CMNTYS INCDFND | COM | 3.02M | SH | $416.49M 3.07% | 0.00 | 3.02M | 0.00 |
ISHARES TRDFND | IBOXX INV CP ETF | 3.44M | SH | $383.80M 2.83% | 0.00 | 3.44M | 0.00 |
ISHARES TRDFND | IBOXX HI YD ETF | 4.63M | SH | $375.21M 2.77% | 0.00 | 4.63M | 0.00 |
EXTRA SPACE STORAGE INCDFND | COM | 2.53M | SH | $357.56M 2.64% | 0.00 | 2.53M | 0.00 |
WELLTOWER INCDFND | COM | 1.59M | SH | $285.71M 2.11% | 0.00 | 1.59M | 0.00 |
KIMCO RLTY CORPDFND | COM | 12.65M | SH | $272.19M 2.01% | 0.00 | 12.65M | 0.00 |
COUSINS PPTYS INCDFND | COM NEW | 7.67M | SH | $222.77M 1.64% | 0.00 | 7.67M | 0.00 |
HEALTHCARE RLTY TRDFND | CL A COM | 12.09M | SH | $222.03M 1.64% | 0.00 | 12.09M | 0.00 |
KILROY RLTY CORPDFND | COM | 4.29M | SH | $180.72M 1.33% | 0.00 | 4.29M | 0.00 |
AMERICOLD REALTY TRUST INCDFND | COM | 12.14M | SH | $149.44M 1.10% | 0.00 | 12.14M | 0.00 |
REGENCY CTRS CORPDFND | COM | 2.02M | SH | $145.91M 1.08% | 0.00 | 2.02M | 0.00 |
VICI PPTYS INCDFND | COM | 3.45M | SH | $113.57M 0.84% | 0.00 | 3.45M | 0.00 |
SIMON PPTY GROUP INC NEWDFND | COM | 540.38K | SH | $100.38M 0.74% | 0.00 | 540.38K | 0.00 |
WP CAREY INCDFND | COM | 916.61K | SH | $62.76M 0.46% | 0.00 | 916.61K | 0.00 |
UDR INCDFND | COM | 1.65M | SH | $60.75M 0.45% | 0.00 | 1.65M | 0.00 |
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