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APG Asset Management N.V.

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13F filer, CIK 1434819, Amsterdam, Netherlands

APG Asset Management N.V. reported $35,629,332,638 across 528 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 39.14% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001434819-25-000013

Period
2025-09-30
Reported value
$35.6B
Holdings
528
Top 10 weight
39.14%
New
2
Sold out
13

Part of the filer group APG Asset Management N.V.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MSFTadded+431,586$190M
TSCOadded+3,614,097$175M
AVGOadded+512,795$144M
IRadded+1,396,421$98.2M
SYKadded+304,203$95.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
AAPLreduced-440,900-$95.5M
ROLreduced-1,331,827-$66.6M
Vreduced-197,561-$57.4M
WSTreduced-244,966-$54.7M
ABBVreduced-276,886-$54.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001434819-25-000013, largest first. % of portfolio is the value over $35,629,332,638, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
JBSJBS N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 134,800 shares 134,800$1.71M<0.01%newTimeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78,247 shares; 2024Q4: 236,951 shares; 2025Q1: 208,254 shares; 2025Q2: 57,784 shares; 2025Q3: 57,784 shares 57,784$1.71M<0.01%0Timeline
RSRELIANCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,379 shares; 2024Q4: 8,557 shares; 2025Q1: 5,986 shares; 2025Q2: 6,977 shares; 2025Q3: 6,977 shares 6,977$1.67M<0.01%0Timeline
MSTRSTRATEGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,813 shares; 2024Q4: 9,760 shares; 2025Q1: 8,121 shares; 2025Q2: 4,532 shares; 2025Q3: 5,050 shares 5,050$1.38M<0.01%+518Timeline
WLKWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 19,900 shares; 2025Q1: 19,400 shares; 2025Q2: 21,100 shares; 2025Q3: 21,100 shares 21,100$1.38M<0.01%0Timeline
BIRKBIRKENSTOCK HOLDING PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 31,300 shares; 2025Q1: 33,000 shares; 2025Q2: 35,500 shares; 2025Q3: 35,500 shares 35,500$1.37M<0.01%0Timeline
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 105,165 shares; 2025Q3: 105,165 shares 105,165$1.35M<0.01%0Timeline
QFINQFIN HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,300 shares; 2024Q4: 17,200 shares; 2025Q1: 374,300 shares; 2025Q2: 387,500 shares; 2025Q3: 49,400 shares 49,400$1.21M<0.01%-338,100Timeline
TRGPTARGA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,958 shares; 2024Q4: 10,439 shares; 2025Q1: 8,530 shares; 2025Q2: 7,480 shares; 2025Q3: 7,480 shares 7,480$1.07M<0.01%0Timeline
ACMAECOMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,865 shares; 2025Q1: 7,759 shares; 2025Q2: 9,292 shares; 2025Q3: 9,292 shares 9,292$1.03M<0.01%0Timeline
CNACNA FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,300 shares; 2024Q4: 25,500 shares; 2025Q1: 25,600 shares; 2025Q2: 25,500 shares; 2025Q3: 24,881 shares 24,881$984K<0.01%-619Timeline
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,195 shares; 2024Q4: 68,894 shares; 2025Q1: 46,665 shares; 2025Q2: 49,820 shares; 2025Q3: 54,592 shares 54,592$939K<0.01%+4,772Timeline
ATHMAUTOHOME INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,879 shares; 2025Q3: 37,479 shares 37,479$911K<0.01%+23,600Timeline
JBLJABIL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,547 shares; 2024Q4: 6,224 shares; 2025Q1: 4,366 shares; 2025Q2: 4,732 shares; 2025Q3: 4,732 shares 4,732$875K<0.01%0Timeline
FMXFOMENTO ECONOMICO MEXICANO SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,454 shares; 2024Q4: 5,154 shares; 2025Q1: 6,354 shares; 2025Q2: 11,354 shares; 2025Q3: 9,754 shares 9,754$819K<0.01%-1,600Timeline
EMEEMCOR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,565 shares; 2024Q4: 4,008 shares; 2025Q1: 2,950 shares; 2025Q2: 1,376 shares; 2025Q3: 1,376 shares 1,376$761K<0.01%0Timeline
RALRALLIANT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 81,236 shares; 2025Q3: 19,803 shares 19,803$737K<0.01%-61,433Timeline
UTHRUNITED THERAPEUTICS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,172 shares; 2024Q4: 2,545 shares; 2025Q1: 1,715 shares; 2025Q2: 1,803 shares; 2025Q3: 2,038 shares 2,038$727K<0.01%+235Timeline
AMXAMERICA MOVIL SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,171 shares; 2024Q4: 16,271 shares; 2025Q1: 31,979 shares; 2025Q2: 41,479 shares; 2025Q3: 38,879 shares 38,879$695K<0.01%-2,600Timeline
ZGZILLOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,300 shares; 2025Q1: 4,500 shares; 2025Q2: 5,800 shares; 2025Q3: 8,300 shares 8,300$526K<0.01%+2,500Timeline
MDBMONGODB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,133 shares; 2024Q4: 3,419 shares; 2025Q1: 2,391 shares; 2025Q2: 1,966 shares; 2025Q3: 1,966 shares 1,966$519K<0.01%0Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,776 shares; 2024Q4: 1,915 shares; 2025Q1: 1,204 shares; 2025Q2: 1,139 shares; 2025Q3: 1,139 shares 1,139$468K<0.01%0
SOLVSOLVENTUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,563 shares; 2025Q1: 5,762 shares; 2025Q2: 6,105 shares; 2025Q3: 7,405 shares 7,405$460K<0.01%+1,300Timeline
NINISOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 11,884 shares; 2025Q3: 11,884 shares 11,884$438K<0.01%0Timeline
DOCUDOCUSIGN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,221 shares; 2024Q4: 10,247 shares; 2025Q1: 7,227 shares; 2025Q2: 7,033 shares; 2025Q3: 7,033 shares 7,033$431K<0.01%0Timeline
DOWDOW HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,328 shares; 2024Q4: 59,188 shares; 2025Q1: 43,553 shares; 2025Q2: 21,989 shares; 2025Q3: 21,989 shares 21,989$429K<0.01%0Timeline
FMCFMC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,040 shares; 2024Q4: 12,678 shares; 2025Q1: 8,588 shares; 2025Q2: 10,630 shares; 2025Q3: 10,630 shares 10,630$304K<0.01%0Timeline
KOFCOCA-COLA FEMSA SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,264 shares; 2025Q3: 4,264 shares 4,264$302K<0.01%-1,000Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
YMMFULL TRUCK ALLIANCE CO LTD3,329,800$33.5Mshares
ANSYS INCANSYS INC52,154$15.6Mshares
BEKEKE HLDGS INC884,600$13.4Mshares
EXPDEXPEDITORS INTL WASH INC134,195$13.1Mshares
TCOMTRIP COM GROUP LTD246,400$12.3Mshares
CATCATERPILLAR INC27,293$9.03Mshares
JUNIPER NETWORKS INCJUNIPER NETWORKS INC183,600$6.25Mshares
MMYTMAKEMYTRIP LIMITED MAURITIUS58,531$4.89Mshares
EPCEDGEWELL PERSONAL CARE CO58,615$1.17Mshares
AMRZAMRIZE LTD12,788$542Kshares
PEVERPURE INC10,055$493Kshares
MNDYMONDAY COM LTD1,352$362Kshares
WIXWIX COM LTD2,046$276Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001434819-25-000013 base2025-11-12acceptance time not in the bulk data set