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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 $35,234,387,189 across 540 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-12. Its ten largest share positions make up 40.42% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001434819-26-000003

Period
2025-12-31
Reported value
$35.2B
Holdings
540
Top 10 weight
40.42%
New
40
Sold out
28

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

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BRK-Bnew+736,280$315M
FITBadded+6,037,584$241M
PGRadded+1,090,189$211M
NFLXnew+2,533,071$202M
COSTadded+256,929$189M

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
TRUreduced-3,389,850-$248M
PLTRexited-1,360,021-$211M
Vreduced-452,198-$135M
BRreduced-610,126-$116M
AAPLreduced-473,548-$110M

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, Q4 2025

Share positions as resolved from 13F-HR 0001434819-26-000003, largest first. % of portfolio is the value over $35,234,387,189, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FSVFIRSTSERVICE CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 19,700 shares; 2025Q1: 19,900 shares; 2025Q2: 20,800 shares; 2025Q3: 20,800 shares; 2025Q4: 20,800 shares 20,800$2.76M0.01%0Timeline
BEPCBROOKFIELD RENEWABLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 81,081 shares; 2025Q3: 81,081 shares; 2025Q4: 81,081 shares 81,081$2.65M0.01%0Timeline
BLDRBUILDERS FIRSTSOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,345 shares; 2024Q4: 29,724 shares; 2025Q1: 23,770 shares; 2025Q2: 24,135 shares; 2025Q3: 24,135 shares; 2025Q4: 30,183 shares 30,183$2.64M0.01%+6,048Timeline
RBLXROBLOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,782 shares; 2024Q4: 60,423 shares; 2025Q1: 46,732 shares; 2025Q2: 36,801 shares; 2025Q3: 38,846 shares; 2025Q4: 33,913 shares 33,913$2.34M0.01%-4,933Timeline
BVNCOMPANIA DE MINAS BUENAVENTUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,287 shares; 2024Q4: 19,887 shares; 2025Q1: 26,487 shares; 2025Q2: 40,687 shares; 2025Q3: 91,787 shares; 2025Q4: 96,087 shares 96,087$2.28M0.01%+4,300Timeline
LUVSOUTHWEST AIRLS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 85,000 shares; 2025Q1: 84,700 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 63,349 shares 63,349$2.23M0.01%newTimeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,016 shares; 2024Q4: 39,059 shares; 2025Q1: 30,352 shares; 2025Q2: 32,751 shares; 2025Q3: 23,401 shares; 2025Q4: 19,899 shares 19,899$2.16M0.01%-3,502Timeline
ODFLOLD DOMINION FREIGHT LINE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,497 shares; 2024Q4: 22,557 shares; 2025Q1: 17,499 shares; 2025Q2: 18,127 shares; 2025Q3: 18,127 shares; 2025Q4: 16,090 shares 16,090$2.15M0.01%-2,037Timeline
BSYBENTLEY SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,128 shares; 2024Q4: 7,426 shares; 2025Q1: 6,095 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 64,815 shares 64,815$2.11M0.01%newTimeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 14,859 shares; 2025Q3: 14,859 shares; 2025Q4: 12,598 shares 12,598$2.09M0.01%-2,261Timeline
DVADAVITA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 27,300 shares; 2025Q1: 25,500 shares; 2025Q2: 28,536 shares; 2025Q3: 26,272 shares; 2025Q4: 20,229 shares 20,229$1.96M0.01%-6,043Timeline
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,195 shares; 2024Q4: 68,894 shares; 2025Q1: 46,665 shares; 2025Q2: 49,820 shares; 2025Q3: 54,592 shares; 2025Q4: 73,038 shares 73,038$1.94M0.01%+18,446Timeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 25,066 shares 25,066$1.79M0.01%newTimeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 8,522 shares 8,522$1.7M<0.01%newTimeline
STNESTONECO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,500 shares; 2024Q4: 39,900 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 132,900 shares 132,900$1.67M<0.01%newTimeline
PBAPEMBINA PIPELINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 95,022 shares; 2024Q4: 79,900 shares; 2025Q1: 55,321 shares; 2025Q2: 66,121 shares; 2025Q3: 55,533 shares; 2025Q4: 49,495 shares 49,495$1.61M<0.01%-6,038Timeline
PRMBPRIMO BRANDS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 115,018 shares 115,018$1.6M<0.01%newTimeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 16,760 shares 16,760$1.55M<0.01%newTimeline
NTRANATERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 7,841 shares 7,841$1.53M<0.01%newTimeline
RSRELIANCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,379 shares; 2024Q4: 8,557 shares; 2025Q1: 5,986 shares; 2025Q2: 6,977 shares; 2025Q3: 6,977 shares; 2025Q4: 6,193 shares 6,193$1.52M<0.01%-784Timeline
JBLJABIL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,547 shares; 2024Q4: 6,224 shares; 2025Q1: 4,366 shares; 2025Q2: 4,732 shares; 2025Q3: 4,732 shares; 2025Q4: 7,394 shares 7,394$1.44M<0.01%+2,662Timeline
FLEXFLEX LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 22,579 shares 22,579$1.16M<0.01%newTimeline
CRDOCREDO TECHNOLOGY GROUP HOLDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 9,400 shares 9,400$1.15M<0.01%newTimeline
UTHRUNITED THERAPEUTICS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,172 shares; 2024Q4: 2,545 shares; 2025Q1: 1,715 shares; 2025Q2: 1,803 shares; 2025Q3: 2,038 shares; 2025Q4: 2,726 shares 2,726$1.13M<0.01%+688Timeline
PEVERPURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,402 shares; 2024Q4: 14,257 shares; 2025Q1: 9,843 shares; 2025Q2: 10,055 shares; 2025Q3: not reported; 2025Q4: 18,850 shares 18,850$1.08M<0.01%newTimeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78,247 shares; 2024Q4: 236,951 shares; 2025Q1: 208,254 shares; 2025Q2: 57,784 shares; 2025Q3: 57,784 shares; 2025Q4: 51,258 shares 51,258$1.05M<0.01%-6,526Timeline
TRGPTARGA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,958 shares; 2024Q4: 10,439 shares; 2025Q1: 8,530 shares; 2025Q2: 7,480 shares; 2025Q3: 7,480 shares; 2025Q4: 6,632 shares 6,632$1.04M<0.01%-848Timeline
QFINQFIN HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,300 shares; 2024Q4: 17,200 shares; 2025Q1: 374,300 shares; 2025Q2: 387,500 shares; 2025Q3: 49,400 shares; 2025Q4: 62,000 shares 62,000$1.02M<0.01%+12,600Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,776 shares; 2024Q4: 1,915 shares; 2025Q1: 1,204 shares; 2025Q2: 1,139 shares; 2025Q3: 1,139 shares; 2025Q4: 2,217 shares 2,217$842K<0.01%+1,078
FMXFOMENTO ECONOMICO MEXICANO SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,454 shares; 2024Q4: 5,154 shares; 2025Q1: 6,354 shares; 2025Q2: 11,354 shares; 2025Q3: 9,754 shares; 2025Q4: 9,754 shares 9,754$839K<0.01%0Timeline
ATHMAUTOHOME INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,879 shares; 2025Q3: 37,479 shares; 2025Q4: 37,479 shares 37,479$710K<0.01%0Timeline
ACMAECOMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,865 shares; 2025Q1: 7,759 shares; 2025Q2: 9,292 shares; 2025Q3: 9,292 shares; 2025Q4: 8,732 shares 8,732$709K<0.01%-560Timeline
SOLVSOLVENTUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,563 shares; 2025Q1: 5,762 shares; 2025Q2: 6,105 shares; 2025Q3: 7,405 shares; 2025Q4: 10,439 shares 10,439$704K<0.01%+3,034Timeline
ENTGENTEGRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 9,145 shares 9,145$656K<0.01%newTimeline
EMEEMCOR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,565 shares; 2024Q4: 4,008 shares; 2025Q1: 2,950 shares; 2025Q2: 1,376 shares; 2025Q3: 1,376 shares; 2025Q4: 1,219 shares 1,219$635K<0.01%-157Timeline
AMXAMERICA MOVIL SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,171 shares; 2024Q4: 16,271 shares; 2025Q1: 31,979 shares; 2025Q2: 41,479 shares; 2025Q3: 38,879 shares; 2025Q4: 26,779 shares 26,779$471K<0.01%-12,100Timeline
ZGZILLOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,300 shares; 2025Q1: 4,500 shares; 2025Q2: 5,800 shares; 2025Q3: 8,300 shares; 2025Q4: 6,847 shares 6,847$398K<0.01%-1,453Timeline
IOTSAMSARA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,697 shares; 2025Q1: 9,802 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 11,795 shares 11,795$356K<0.01%newTimeline
KOFCOCA-COLA FEMSA SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,264 shares; 2025Q3: 4,264 shares; 2025Q4: 4,264 shares 4,264$344K<0.01%0Timeline
FGF&G ANNUITIES & LIFE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 8,777 shares 8,777$231K<0.01%newTimeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
PLTRPALANTIR TECHNOLOGIES INC1,360,021$211Mshares
NSCNORFOLK SOUTHN CORP125,300$32Mshares
WBDWARNER BROS DISCOVERY INC1,486,169$24.7Mshares
BKNGBOOKING HOLDINGS INC3,381$15.5Mshares
DDDUPONT DE NEMOURS INC233,900$15.5Mshares
BCPCBALCHEM CORP92,724$11.8Mshares
LULULULULEMON ATHLETICA INC64,100$9.71Mshares
WDFCWD 40 CO55,114$9.27Mshares
BKRBAKER HUGHES COMPANY201,382$8.35Mshares
MSIMOTOROLA SOLUTIONS INC17,414$6.78Mshares
SPSCSPS COMM INC69,011$6.12Mshares
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS209,400$4.97Mshares
MRNAMODERNA INC219,400$4.82Mshares
DOXAMDOCS LTD64,000$4.47Mshares
TECHBIO-TECHNE CORP88,800$4.2Mshares
AVTRAVANTOR INC384,600$4.08Mshares
LKQLKQ CORP144,000$3.74Mshares
CARTMAPLEBEAR INC113,800$3.56Mshares
EMNEASTMAN CHEM CO62,700$3.36Mshares
KMXCARMAX INC85,200$3.25Mshares
ABNBAIRBNB INC22,067$2.28Mshares
MTNVAIL RESORTS INC16,398$2.09Mshares
JBSJBS N.V.134,800$1.71Mshares
WLKWESTLAKE CORPORATION21,100$1.38Mshares
BIRKBIRKENSTOCK HOLDING PLC35,500$1.37Mshares
CNACNA FINL CORP24,881$984Kshares
RALRALLIANT CORP19,803$737Kshares
FMCFMC CORP10,630$304Kshares

How Q4 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 0001434819-26-000003 base2026-02-12acceptance time not in the bulk data set