APG Asset Management US Inc.
Long book
$12.98B
Q1 2026
Positions
59
Top-10 weight
72%
concentration
Last quarter
+11.5%
SPY +14.8%
Turnover
41%
of book per quarter
Strategy in plain words
auto-generated from filingsAPG Asset Management US Inc. is a diversified fundamental manager, specialised in real_estate (100% of the long book), running a $12.98B US long book across 59 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: PROLOGIS INC, DIGITAL REALTY TRUST INC, EQUINIX INC, VENTAS INC, EQUITY RESIDENTIAL.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.9%
Q2 2024
+11.4%
Q3 2024
-6.1%
Q4 2024
-1.0%
Q1 2025
-1.0%
Q2 2025
+3.7%
Q3 2025
-2.0%
Q4 2025
+4.1%
Q1 2026
+11.5%
Sector allocation
Technology 71%
Healthcare 18%
Financials 3%
Other 3%
Industrials 2%
Services media 2%
Consumer discretionary 1%
Long book by quarter
What does APG Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 59 | $12.98B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 57 | $12.77B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 184 | $13.56B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 189 | $13.37B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 203 | $13.05B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 205 | $13.18B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 156 | $14.78B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 168 | $17.46B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 171 | $17.27B | canonical | SEC ↗ |
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