APG Asset Management N.V.
SEC Form 13F institutional filer · CIK 0001434819
13F-HR · 392 reported holdings · 2026-03-31
Dutch asset manager for pension funds.
Reported long-US-equity value
$29.81B
Top-10 concentration
37.6%
APG Asset Management N.V. — $29.8B AUM allocation strategy
APG Asset Management N.V. files SEC Form 13F and reports $29.8B of long US equity value across 392 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 23.5%, followed by Financials 8.2% and Health Care 6.4%.
The top 10 holdings account for 38% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
APG Asset Management N.V. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$29.8B
total across 392 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
38% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$TSCO +628K sh · +$11.1M+$WMT +490K sh · +$83.2M+$INTC +490K sh · +$35.3M
Biggest trims (shares)
−$NVDA −7.1M sh · −$1.22B−$AAPL −4.11M sh · −$1.02B−$AMCR −1.67M sh · −$1.88M
Exited to nil (held last quarter, gone now)
$JBL ($1.44M last qtr)$FLEX ($1.16M last qtr)$MOS ($1.05M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors10.9%—
- Systems Software6.1%—
- Broadline Retail4.6%—
- Technology Hardware, Storage & Peripherals4.4%—
- Consumer Staples Merchandise Retail3.2%—
- Transaction & Payment Processing Services3.1%—
- Pharmaceuticals3.1%—
- Diversified Banks2.9%—
- Other holdings61.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MSFT | Microsoft Corporation | 5.66M | $1.82B | -1.03M | 6.1% |
| $NVDA | NVIDIA Corporation | 11.8M | $1.79B | -7.1M | 6.0% |
| $AVGO | Broadcom Inc | 5.44M | $1.46B | +207K | 4.9% |
| $AMZN | Amazon.com Inc | 7.55M | $1.36B | +170K | 4.6% |
| $AAPL | Apple Inc | 5.89M | $1.3B | -4.11M | 4.4% |
| $LLY | Eli Lilly and Company | 1.16M | $927M | +286K | 3.1% |
| $JPM | JP Morgan Chase & Co | 3.36M | $858M | +476K | 2.9% |
| $COST | Costco Wholesale Corporation | 760K | $657M | +88K | 2.2% |
| $MA | Mastercard Incorporated | 1.42M | $614M | +98.6K | 2.1% |
| $TJX | TJX Companies Inc | 3.01M | $417M | +336K | 1.4% |
…and 382 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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