APG Asset Management N.V.

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CIK 1434819

13F portfolio (2026-Q1)

$31.6B

Positions

513

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

513

Top 5

24.5%

Top 10

35.5%

Effective N

56.6

HHI

0.018

This quarter

4 new · 0 exit →

By sector

Information Technology36.0%

Financials18.2%

Consumer Discretionary14.1%

Health Care11.1%

Industrials8.0%

Materials3.4%

Utilities2.6%

Communication Services2.5%

Other4.1%

By market cap

Mega (>$200B)51.8%

Large ($10–200B)45.6%

Unknown1.7%

Mid ($2–10B)0.8%

Small ($300M–2B)0.0%

By region

North America99.7%

Other0.1%

Asia-Pacific0.1%

Europe0.1%

Middle East0.1%

By industry group GICS — finer than sector

Industry group	Weight	Names
Semiconductors & Semiconductor Equipment	14.09%	22
Specialty Retail	10.94%	20
Software	10.48%	35
Technology Hardware & Equipment	8.94%	27
Banks	7.01%	26
Commercial Services & Supplies	6.72%	32
Pharmaceuticals & Biotechnology	6.40%	18
Health Care Equipment & Supplies	4.15%	17
Insurance	4.09%	36
Capital Markets	2.99%	24
Machinery	2.85%	22
Utilities	2.60%	37
Chemicals	2.13%	18
Distributors	1.83%	10
Equity Real Estate Investment Trusts (REITs)	1.56%	27
Software & IT Services	1.45%	16
Unclassified	1.26%	7
Beverages	1.17%	7
Media & Entertainment	1.15%	8
Diversified Telecommunication Services	1.04%	6
Metals & Mining	0.95%	9
Hotels, Restaurants & Leisure	0.86%	7
Electrical Equipment & Components	0.82%	4
Real Estate Management & Development	0.73%	4
Road & Rail	0.55%	8
Aerospace & Defense	0.34%	5
Automobiles & Components	0.34%	6
Health Care Providers & Services	0.32%	5
Entertainment	0.26%	1
Life Sciences Tools & Services	0.25%	7
Food Products	0.22%	7
Construction & Engineering	0.22%	5
Communications Equipment	0.21%	2
Food & Staples Retailing	0.19%	2
Professional Services	0.17%	6
Construction Materials	0.15%	3
Paper & Forest Products	0.15%	3
Textiles, Apparel & Luxury Goods	0.14%	2
Oil, Gas & Consumable Fuels	0.08%	4
Transportation Infrastructure	0.06%	1
Airlines	0.05%	4
Marine	0.03%	2
Media & Publishing	0.03%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	MSFT	MICROSOFT CORP	Information Technology	5.76%
2	NVDA	NVIDIA CORP	Information Technology	5.67%
3	AVGO	Broadcom Inc.	Information Technology	4.63%
4	AMZN	AMAZON COM INC	Consumer Discretionary	4.32%
5	AAPL	Apple Inc.	Information Technology	4.11%
6	LLY	ELI LILLY & Co	Health Care	2.94%
7	JPM	JPMORGAN CHASE & CO	Financials	2.72%
8	COST	COSTCO WHOLESALE CORP /NEW	Consumer Discretionary	2.08%
9	MA	Mastercard Inc	Financials	1.95%
10	TJX	TJX COMPANIES INC /DE/	Consumer Discretionary	1.32%

508/513 names classified · sector 99.9% of weight · industry 98.7% · mkt cap 98.3%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 52 quarters

Information TechnologyAAPL, MSFT, NVDA, AVGO, TYL · other

FinancialsJPM, BAC, BRK.B, V, MA · other

Consumer DiscretionaryAMZN, HD, COST, TSLA, FERG · other

IndustrialsROL, BR, ZBRA, ALLE, TRU · other

Health CareJNJ, LLY, WST, MSA, STE · other

Communication ServicesVZ, GOOGL, META, CMCSA, GOOG · other

MaterialsPG, NEM, KMB, WDFC, BCPC · other

Consumer StaplesPEP, KO, LW, GIS, PM · other

UtilitiesNEE, ED, SO, DUK, PCG · other

EnergyXOM, CVX, COP, VLO, OXY · other

Real EstateAMT, PLD, EXR, CBRE, AGNC · other

UnclassifiedFerguson Plc New, EEM, GOOGLE INC, ALLERGAN PLC, ACTAVIS PLC · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 99.9% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (437 classified)APG Asset Management N.V. centroid (Large Core)

Information TechnologyFinancialsConsumer DiscretionaryHealth CareIndustrialsMaterialsUtilitiesCommunication ServicesReal EstateConsumer StaplesEnergy

Style box summary for APG Asset Management N.V.: centroid Large Core. Heaviest cells: Large Growth 48.3%, Large Core 14.7%, Large Value 10.0%.

Classified: 95.5% of book weight (437/513 names) · unclassified 4.5%: BRK.B, RY, AEM, CRWD, BMO, SPOT, CM, KKR, BNS, CP +66 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 513 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	MSFTMICROSOFT CORP	5,656,313	$1.8B	5.8%	TRIM −15%
2	NVDANVIDIA CORPORATION	11,820,764	$1.8B	5.7%	TRIM −38%
3	AVGOBROADCOM INC	5,443,271	$1.5B	4.6%	ADD 4%
4	AMZNAMAZON COM INC	7,547,056	$1.4B	4.3%	ADD 2%
5	AAPLAPPLE INC	5,891,986	$1.3B	4.1%	TRIM −41%
6	LLYELI LILLY & CO	1,161,712	$927M	2.9%	ADD 33%
7	JPMJPMORGAN CHASE & CO	3,362,145	$858M	2.7%	ADD 16%
8	COSTCOSTCO WHSL CORP NEW	759,919	$657M	2.1%	ADD 13%
9	MAMASTERCARD INCORPORATED	1,416,130	$614M	1.9%	ADD 7%
10	TJXTJX COS INC NEW	3,011,334	$417M	1.3%	ADD 13%
11	TMOTHERMO FISHER SCIENTIFIC INC	932,138	$398M	1.3%	ADD 3%
12	BRK.BBERKSHIRE HATHAWAY INC DEL	863,760	$359M	1.1%	ADD 17%
13	CDNSCADENCE DESIGN SYSTEM INC	1,422,149	$343M	1.1%	ADD 2%
14	FERGFERGUSON ENTERPRISES INC	1,619,594	$328M	1.0%	TRIM −12%
15	VVISA INC	1,222,792	$321M	1.0%	ADD 15%
16	WMTWALMART INC	2,826,106	$305M	1.0%	ADD 21%
17	SYKSTRYKER CORPORATION	1,064,632	$304M	1.0%	ADD 14%
18	PGRPROGRESSIVE CORP	1,682,893	$290M	0.9%	ADD 3%
19	ISRGINTUITIVE SURGICAL INC	708,812	$284M	0.9%	ADD 3%
20	TYLTYLER TECHNOLOGIES INC	939,990	$279M	0.9%	ADD 42%
21	WSTWEST PHARMACEUTICAL SVSC INC	1,267,282	$276M	0.9%	ADD 6%
22	FITBFIFTH THIRD BANCORP	6,749,043	$272M	0.9%	ADD 2%
23	ANETARISTA NETWORKS INC	2,532,613	$270M	0.9%	HOLD
24	MCOMOODYS CORP	684,104	$259M	0.8%	ADD 20%
25	ABBVABBVIE INC	1,248,938	$236M	0.7%	ADD 10%
26	NFLXNETFLIX INC	2,770,799	$231M	0.7%	ADD 9%
27	AJGGALLAGHER ARTHUR J & CO	1,177,502	$221M	0.7%	HOLD
28	MUMICRON TECHNOLOGY INC	751,058	$220M	0.7%	ADD 15%
29	CBRECBRE GROUP INC	1,847,031	$217M	0.7%	ADD 16%
30	JKHYHENRY JACK & ASSOC INC	1,562,882	$214M	0.7%	HOLD
31	MSAMSA SAFETY INC	1,497,591	$213M	0.7%	HOLD
32	PGPROCTER AND GAMBLE CO	1,679,530	$211M	0.7%	ADD 8%
33	IRINGERSOLL RAND INC	3,026,272	$210M	0.7%	HOLD
34	HDHOME DEPOT INC	727,286	$208M	0.7%	ADD 10%
35	LPLALPL FINL HLDGS INC	772,692	$202M	0.6%	ADD 4%
36	ROLROLLINS INC	4,261,456	$198M	0.6%	TRIM −19%
37	TSCOTRACTOR SUPPLY CO	4,775,656	$188M	0.6%	ADD 15%
38	BACBANK AMERICA CORP	4,343,196	$184M	0.6%	ADD 5%
39	GEGE AEROSPACE	741,392	$183M	0.6%	ADD 6%
40	CSCOCISCO SYS INC	2,694,269	$181M	0.6%	ADD 20%
41	MRKMERCK & CO INC	1,708,121	$178M	0.6%	ADD 3%
42	AMDADVANCED MICRO DEVICES INC	947,525	$167M	0.5%	ADD 3%
43	KOCOCA COLA CO	2,473,170	$163M	0.5%	ADD 8%
44	LINLINDE PLC	363,099	$156M	0.5%	HOLD
45	LRCXLAM RESEARCH CORP	832,592	$154M	0.5%	ADD 13%
46	AMATAPPLIED MATLS INC	514,499	$153M	0.5%	ADD 15%
47	ORCLORACLE CORP	1,047,253	$134M	0.4%	HOLD
48	UNHUNITEDHEALTH GROUP INC	568,823	$134M	0.4%	ADD 2%
49	PEPPEPSICO INC	982,387	$132M	0.4%	ADD 3%
50	GSGOLDMAN SACHS GROUP INC	179,124	$132M	0.4%	ADD 4%
51	WFCWELLS FARGO CO NEW	1,860,402	$129M	0.4%	ADD 3%
52	VZVERIZON COMMUNICATIONS INC	2,911,647	$127M	0.4%	TRIM −3%
53	APHAMPHENOL CORP	1,120,056	$123M	0.4%	TRIM −21%
54	RYROYAL BK CDA	868,881	$122M	0.4%	ADD 3%
55	AMGNAMGEN INC	395,935	$121M	0.4%	TRIM −4%
56	GILDGILEAD SCIENCES INC	994,609	$120M	0.4%	HOLD
57	KLACKLA CORP	89,463	$114M	0.4%	ADD 12%
58	TAT&T INC	4,404,850	$111M	0.4%	HOLD
59	INTCINTEL CORP	2,893,034	$111M	0.4%	ADD 20%
60	BRBROADRIDGE FINL SOLUTIONS IN	775,505	$109M	0.3%	TRIM −12%
61	MCDMCDONALDS CORP	394,075	$106M	0.3%	ADD 6%
62	NEENEXTERA ENERGY INC	1,315,708	$106M	0.3%	ADD 7%
63	MSMORGAN STANLEY	719,987	$103M	0.3%	ADD 2%
64	CRMSALESFORCE INC	616,161	$100M	0.3%	HOLD
65	TXNTEXAS INSTRS INC	563,066	$95M	0.3%	ADD 3%
66	CCITIGROUP INC	961,487	$95M	0.3%	HOLD
67	MCKMCKESSON CORP	117,182	$88M	0.3%	TRIM −5%
68	GLWCORNING INC	736,826	$87M	0.3%	TRIM −9%
69	AXPAMERICAN EXPRESS CO	325,194	$85M	0.3%	ADD 2%
70	ABTABBOTT LABS	951,091	$85M	0.3%	ADD 5%
71	SCHWSCHWAB CHARLES CORP	1,030,160	$84M	0.3%	HOLD
72	DISDISNEY WALT CO	974,078	$81M	0.3%	ADD 4%
73	ZBRAZEBRA TECHNOLOGIES CORPORATI	448,257	$81M	0.3%	TRIM −38%
74	BLKBLACKROCK INC	94,758	$79M	0.3%	HOLD
75	PANWPALO ALTO NETWORKS INC	567,684	$79M	0.3%	ADD 18%
76	DEDEERE & CO	160,259	$78M	0.2%	ADD 3%
77	UBERUBER TECHNOLOGIES INC	1,250,325	$78M	0.2%	ADD 3%
78	CLCOLGATE PALMOLIVE CO	1,028,399	$76M	0.2%	TRIM −6%
79	UNPUNION PAC CORP	360,112	$76M	0.2%	ADD 2%
80	SHOPSHOPIFY INC	726,577	$75M	0.2%	HOLD
81	PFEPFIZER INC	3,044,539	$74M	0.2%	ADD 4%
82	VRTXVERTEX PHARMACEUTICALS INC	191,385	$74M	0.2%	HOLD
83	CBCHUBB LIMITED	259,891	$74M	0.2%	TRIM −4%
84	PLDPROLOGIS INC.	640,063	$73M	0.2%	ADD 4%
85	ADIANALOG DEVICES INC	265,332	$73M	0.2%	ADD 3%
86	ETNEATON CORP PLC	231,939	$72M	0.2%	ADD 2%
87	WMWASTE MGMT INC DEL	356,997	$71M	0.2%	TRIM −11%
88	TMUST-MOBILE US INC	390,317	$71M	0.2%	TRIM −7%
89	INTUINTUIT	189,516	$71M	0.2%	HOLD
90	BMYBRISTOL-MYERS SQUIBB CO	1,323,671	$70M	0.2%	TRIM −9%
91	WELLWELLTOWER INC	396,613	$68M	0.2%	ADD 9%
92	LOWLOWES COS INC	325,116	$67M	0.2%	TRIM −5%
93	DUKDUKE ENERGY CORP NEW	570,956	$65M	0.2%	TRIM −2%
94	QCOMQUALCOMM INC	571,533	$64M	0.2%	TRIM −6%
95	ACNACCENTURE PLC IRELAND	366,275	$63M	0.2%	TRIM −5%
96	COFCAPITAL ONE FINL CORP	397,764	$63M	0.2%	HOLD
97	SOSOUTHERN CO	745,401	$62M	0.2%	HOLD
98	PHPARKER-HANNIFIN CORP	79,652	$62M	0.2%	HOLD
99	HCAHCA HEALTHCARE INC	148,997	$61M	0.2%	ADD 4%
100	CMECME GROUP INC	234,686	$60M	0.2%	TRIM −3%
101	NEMNEWMONT CORP	633,345	$60M	0.2%	HOLD
102	DHRDANAHER CORP DEL	354,468	$58M	0.2%	TRIM −9%
103	SPGIS&P GLOBAL INC	158,000	$58M	0.2%	HOLD
104	VRTVERTIV HOLDINGS CO	259,770	$56M	0.2%	HOLD
105	NOWSERVICENOW INC	621,750	$56M	0.2%	HOLD
106	APPAPPLOVIN CORP	159,158	$55M	0.2%	HOLD
107	MRSHMARSH & MCLENNAN COS INC	353,772	$53M	0.2%	TRIM −4%
108	EQIXEQUINIX INC	61,190	$52M	0.2%	HOLD
109	AEMAGNICO EAGLE MINES LTD	295,924	$52M	0.2%	HOLD
110	CRWDCROWDSTRIKE HLDGS INC	150,928	$51M	0.2%	HOLD
111	MDTMEDTRONIC PLC	677,528	$51M	0.2%	TRIM −8%
112	ADBEADOBE INC	236,959	$50M	0.2%	TRIM −9%
113	TTTRANE TECHNOLOGIES PLC	137,833	$50M	0.2%	HOLD
114	AZOAUTOZONE INC	16,933	$50M	0.2%	TRIM −5%
115	STXSEAGATE TECHNOLOGY HLDNGS PL	144,931	$49M	0.2%	ADD 18%
116	ECLECOLAB INC	212,479	$49M	0.2%	TRIM −3%
117	BSXBOSTON SCIENTIFIC CORP	896,449	$49M	0.2%	TRIM −9%
118	ICEINTERCONTINENTAL EXCHANGE IN	352,079	$48M	0.2%	HOLD
119	MRVLMARVELL TECHNOLOGY INC	557,764	$48M	0.2%	ADD 13%
120	MELIMERCADOLIBRE INC	31,734	$48M	0.2%	ADD 2%
121	CMCSACOMCAST CORP NEW	1,909,398	$48M	0.2%	HOLD
122	USBUS BANCORP	1,052,567	$48M	0.2%	ADD 3%
123	AMTAMERICAN TOWER CORP	312,408	$47M	0.1%	ADD 7%
124	SBUXSTARBUCKS CORP	595,708	$46M	0.1%	HOLD
125	CEGCONSTELLATION ENERGY CORP	189,555	$46M	0.1%	HOLD
126	ADPAUTOMATIC DATA PROCESSING IN	256,455	$45M	0.1%	HOLD
127	SNPSSYNOPSYS INC	131,261	$45M	0.1%	TRIM −17%
128	RSGREPUBLIC SVCS INC	237,184	$45M	0.1%	TRIM −7%
129	ORLYOREILLY AUTOMOTIVE INC	556,314	$45M	0.1%	TRIM −2%
130	HWMHOWMET AEROSPACE INC	222,083	$44M	0.1%	HOLD
131	MARMARRIOTT INTL INC NEW	153,504	$44M	0.1%	HOLD
132	CITHE CIGNA GROUP	187,423	$43M	0.1%	ADD 4%
133	TELTE CONNECTIVITY PLC	238,642	$43M	0.1%	TRIM −11%
134	BMOBANK MONTREAL MEDIUM	369,439	$43M	0.1%	HOLD
135	WDCWESTERN DIGITAL CORP	181,649	$43M	0.1%	TRIM −9%
136	REGNREGENERON PHARMACEUTICALS	63,436	$43M	0.1%	TRIM −11%
137	SPOTSPOTIFY TECHNOLOGY S A	101,032	$43M	0.1%	ADD 16%
138	CVSCVS HEALTH CORP	660,496	$41M	0.1%	TRIM −10%
139	PWRQUANTA SVCS INC	85,716	$41M	0.1%	HOLD
140	CAHCARDINAL HEALTH INC	221,802	$41M	0.1%	TRIM −11%
141	ELVELEVANCE HEALTH INC FORMERLY	159,040	$40M	0.1%	TRIM −11%
142	CTASCINTAS CORP	269,632	$40M	0.1%	HOLD
143	EDCONSOLIDATED EDISON INC	398,836	$39M	0.1%	TRIM −13%
144	CMCANADIAN IMPERIAL BANK OF CO	476,882	$39M	0.1%	HOLD
145	KKRKKR & CO INC	477,306	$38M	0.1%	HOLD
146	BXBLACKSTONE INC	383,063	$38M	0.1%	HOLD
147	TRVTRAVELERS COMPANIES INC	150,881	$38M	0.1%	TRIM −4%
148	ROPROPER TECHNOLOGIES INC	124,292	$38M	0.1%	TRIM −7%
149	BNSBANK NOVA SCOTIA B C	635,995	$38M	0.1%	HOLD
150	EMREMERSON ELEC CO	333,937	$38M	0.1%	HOLD
151	TDGTRANSDIGM GROUP INC	36,899	$37M	0.1%	HOLD
152	NXPINXP SEMICONDUCTORS N V	216,806	$37M	0.1%	TRIM −20%
153	BNYBANK NEW YORK MELLON CORP	358,355	$37M	0.1%	HOLD
154	DDOMINION ENERGY INC	678,934	$36M	0.1%	HOLD
155	PNCPNC FINL SVCS GROUP INC	201,493	$36M	0.1%	HOLD
156	JCIJOHNSON CONTROLS INTERNATION	317,561	$36M	0.1%	TRIM −6%
157	CMICUMMINS INC	76,025	$35M	0.1%	HOLD
158	CRHCRH PLC	383,544	$35M	0.1%	HOLD
159	AEPAMERICAN ELEC PWR CO INC	303,943	$35M	0.1%	TRIM −4%
160	KMBKIMBERLY-CLARK CORP	408,810	$34M	0.1%	TRIM −7%
161	CSXCSX CORP	958,548	$34M	0.1%	HOLD
162	ITWILLINOIS TOOL WKS INC	150,880	$34M	0.1%	HOLD
163	PCARPACCAR INC	338,538	$34M	0.1%	HOLD
164	SRESEMPRA	376,394	$32M	0.1%	TRIM −2%
165	CPCANADIAN PACIFIC KANSAS CITY	465,215	$32M	0.1%	TRIM −2%
166	EXCEXELON CORP	738,893	$31M	0.1%	TRIM −4%
167	AONAON PLC	112,043	$31M	0.1%	HOLD
168	EWEDWARDS LIFESCIENCES CORP	449,727	$31M	0.1%	ADD 18%
169	DELLDELL TECHNOLOGIES INC	217,860	$31M	0.1%	HOLD
170	GMGENERAL MTRS CO	479,468	$31M	0.1%	HOLD
171	WMBWILLIAMS COS INC	486,823	$31M	0.1%	TRIM −10%
172	YUMYUM BRANDS INC	227,468	$31M	0.1%	TRIM −6%
173	AFLAFLAC INC	320,765	$31M	0.1%	TRIM −5%
174	GRMNGARMIN LTD	147,103	$30M	0.1%	TRIM −6%
175	DASHDOORDASH INC	226,262	$29M	0.1%	HOLD
176	NETCLOUDFLARE INC	162,372	$29M	0.1%	TRIM −3%
177	APDAIR PRODS & CHEMS INC	113,880	$29M	0.1%	HOLD
178	NKENIKE INC	610,871	$28M	0.1%	HOLD
179	ADSKAUTODESK INC	132,140	$27M	0.1%	ADD 10%
180	CORCENCORA INC	100,400	$27M	0.1%	HOLD
181	TERTERADYNE INC	105,540	$27M	0.1%	ADD 27%
182	SPGSIMON PPTY GROUP INC NEW	167,645	$27M	0.1%	TRIM −11%
183	FTNTFORTINET INC	380,634	$27M	0.1%	HOLD
184	EAELECTRONIC ARTS INC	151,846	$27M	0.1%	TRIM −12%
185	VSTVISTRA CORP	203,652	$27M	0.1%	HOLD
186	AMEAMETEK INC	141,447	$26M	0.1%	TRIM −7%
187	DGXQUEST DIAGNOSTICS INC	153,939	$26M	0.1%	TRIM −22%
188	TFCTRUIST FINL CORP	650,664	$26M	0.1%	HOLD
189	DLRDIGITAL RLTY TR INC	165,460	$26M	0.1%	HOLD
190	MFCMANULIFE FINL CORP	859,620	$26M	0.1%	HOLD
191	HIGHARTFORD INSURANCE GROUP INC	216,772	$25M	0.1%	TRIM −5%
192	SNOWSNOWFLAKE INC	189,232	$25M	0.1%	HOLD
193	ETRENTERGY CORP NEW	250,805	$24M	0.1%	TRIM −9%
194	ACGLARCH CAP GROUP LTD	293,056	$24M	0.1%	TRIM −6%
195	TGTTARGET CORP	230,825	$24M	0.1%	HOLD
196	WABWABTEC	111,867	$24M	0.1%	TRIM −3%
197	ALLALLSTATE CORP	133,748	$24M	0.1%	TRIM −2%
198	CARRCARRIER GLOBAL CORPORATION	492,251	$24M	0.1%	ADD 7%
199	URIUNITED RENTALS INC	37,941	$24M	0.1%	HOLD
200	GEVGE VERNOVA INC	31,649	$24M	0.1%	TRIM −6%

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

MSFTMICROSOFT CORP

5.8M

5.9M

6.3M

6.8M

6.7M

5.7M

$1.8B

NVDANVIDIA CORPORATION

18.4M

18.9M

19.1M

19.4M

18.9M

11.8M

$1.8B

AVGOBROADCOM INC

4.4M

4.6M

5.0M

5.5M

5.2M

5.4M

$1.5B

AMZNAMAZON COM INC

7.3M

7.5M

7.7M

7.6M

7.4M

7.5M

$1.4B

AAPLAPPLE INC

10.1M

10.3M

10.9M

10.5M

10.0M

5.9M

$1.3B

LLYELI LILLY & CO

819K

835K

872K

875K

876K

1.2M

$927M

JPMJPMORGAN CHASE & CO

2.7M

2.8M

2.7M

2.9M

3.4M

$858M

COSTCOSTCO WHSL CORP NEW

377K

396K

373K

415K

672K

760K

$657M

MAMASTERCARD INCORPORATED

804K

810K

851K

987K

1.3M

1.4M

$614M

TJXTJX COS INC NEW

1.3M

1.2M

1.8M

2.7M

3.0M

$417M

TMOTHERMO FISHER SCIENTIFIC INC

368K

382K

620K

849K

907K

932K

$398M

BRK.BBERKSHIRE HATHAWAY INC DEL

—

736K

864K

$359M

CDNSCADENCE DESIGN SYSTEM INC

608K

871K

1.5M

1.4M

$343M

FERGFERGUSON ENTERPRISES INC

2.2M

2.3M

2.0M

1.8M

1.6M

$328M

VVISA INC

1.6M

1.7M

1.5M

1.1M

1.2M

$321M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆APG Asset Management N.V.

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 513 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Related· where to look next

APG Asset Management N.V.