APG Asset Management US Inc. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
APG Asset Management US Inc. disclosed 57 US equity positions worth $12.8bn in its Q4 2025 13F filing. The largest position was PLD at 19.7% of the reported book, followed by DLR and EQIX. Against the Q3 2025 filing, it opened 1 new position, added to 12 and reduced 12 among the top 50 holdings.
What did APG Asset Management US Inc. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PLD PROLOGIS INC. | Real Estate | 19.7% | $2.5bn | 19,656,247 | 0% | held |
| 2 | DLR DIGITAL RLTY TR INC | Real Estate | 10.4% | $1.3bn | 8,617,744 | -0% | held |
| 3 | EQIX EQUINIX INC | Real Estate | 7.2% | $922.0m | 1,203,383 | -1% | reduced |
| 4 | VTR VENTAS INC | Real Estate | 7.1% | $909.9m | 11,758,485 | 0% | held |
| 5 | EQR EQUITY RESIDENTIAL | Real Estate | 5.6% | $715.3m | 11,346,098 | 0% | held |
| 6 | PSA PUBLIC STORAGE OPER CO | Real Estate | 4.5% | $572.9m | 2,207,675 | 1% | added |
| 7 | BXP BXP INC | Real Estate | 3.9% | $499.5m | 7,401,513 | 0% | held |
| 8 | O REALTY INCOME CORP | Real Estate | 3.9% | $498.8m | 8,849,060 | 5% | added |
| 9 | INVH INVITATION HOMES INC | Real Estate | 3.6% | $461.1m | 16,591,683 | -3% | reduced |
| 10 | HYG ISHARES TR | 3.6% | $454.1m | 5,632,436 | 22% | added | |
| 11 | MAA MID-AMER APT CMNTYS INC | Real Estate | 3.2% | $413.3m | 2,975,511 | -1% | reduced |
| 12 | LQD ISHARES TR | 3.1% | $390.8m | 3,546,714 | 3% | added | |
| 13 | EXR EXTRA SPACE STORAGE INC | Real Estate | 2.6% | $336.8m | 2,586,331 | 2% | added |
| 14 | ARE ALEXANDRIA REAL ESTATE EQ IN | Real Estate | 2.6% | $327.6m | 6,693,105 | 0% | held |
| 15 | WELL WELLTOWER INC | Real Estate | 2.4% | $307.6m | 1,657,317 | 4% | added |
| 16 | KIM KIMCO RLTY CORP | Real Estate | 2.0% | $256.4m | 12,648,074 | 0% | held |
| 17 | HR HEALTHCARE RLTY TR | Real Estate | 1.6% | $210.0m | 12,391,772 | 3% | added |
| 18 | CUZ COUSINS PPTYS INC | Real Estate | 1.5% | $190.6m | 7,395,125 | -4% | reduced |
| 19 | KRC KILROY RLTY CORP | Real Estate | 1.3% | $160.2m | 4,287,628 | 0% | held |
| 20 | COLD AMERICOLD REALTY TRUST INC | Real Estate | 1.2% | $156.1m | 12,139,704 | 0% | held |
| 21 | REG REGENCY CTRS CORP | Real Estate | 1.1% | $139.7m | 2,023,988 | 0% | held |
| 22 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 1.0% | $121.4m | 655,596 | 21% | added |
| 23 | VICI VICI PPTYS INC | Real Estate | 0.7% | $91.9m | 3,269,161 | -5% | reduced |
| 24 | UDR UDR INC | Real Estate | 0.5% | $60.4m | 1,645,459 | 0% | held |
| 25 | SBRA SABRA HEALTH CARE REIT INC | Real Estate | 0.4% | $56.7m | 2,992,091 | 0% | held |
| 26 | WPC WP CAREY INC | Real Estate | 0.4% | $56.4m | 875,667 | -4% | reduced |
| 27 | ESS ESSEX PPTY TR INC | Real Estate | 0.4% | $55.5m | 212,048 | 0% | held |
| 28 | IRM IRON MTN INC DEL | Real Estate | 0.4% | $48.3m | 582,174 | 0% | held |
| 29 | BRX BRIXMOR PPTY GROUP INC | Real Estate | 0.3% | $42.3m | 1,614,051 | 15% | added |
| 30 | SUI SUN CMNTYS INC | Real Estate | 0.3% | $37.7m | 304,084 | -10% | reduced |
| 31 | VNO VORNADO RLTY TR | Real Estate | 0.3% | $32.7m | 983,787 | 19% | added |
| 32 | DOC HEALTHPEAK PROPERTIES INC | Real Estate | 0.2% | $31.8m | 1,980,187 | -13% | reduced |
| 33 | FRT FEDERAL RLTY INVT TR NEW | Real Estate | 0.2% | $31.7m | 314,532 | 0% | held |
| 34 | SKT TANGER INC | Real Estate | 0.2% | $29.6m | 887,091 | 0% | held |
| 35 | EPRT ESSENTIAL PPTYS RLTY TR INC | Real Estate | 0.2% | $26.1m | 881,079 | 0% | held |
| 36 | ADC AGREE RLTY CORP | Real Estate | 0.2% | $21.8m | 302,697 | -30% | reduced |
| 37 | RHP RYMAN HOSPITALITY PPTYS INC | Real Estate | 0.2% | $21.5m | 226,742 | 0% | held |
| 38 | CURB CURBLINE PPTYS CORP | 0.1% | $18.3m | 789,832 | 44% | added | |
| 39 | UE URBAN EDGE PPTYS | Real Estate | 0.1% | $17.1m | 892,720 | 0% | held |
| 40 | NTST NETSTREIT CORP | Real Estate | 0.1% | $16.9m | 956,127 | 0% | held |
| 41 | OHI OMEGA HEALTHCARE INVS INC | Real Estate | 0.1% | $15.3m | 344,468 | – | new |
| 42 | GRTUF GRANITE REAL ESTATE INVT TR | 0.1% | $14.9m | 250,000 | 0% | held | |
| 43 | EPR EPR PPTYS | Real Estate | 0.1% | $14.3m | 287,278 | 0% | held |
| 44 | AKR ACADIA RLTY TR | Real Estate | 0.1% | $14.3m | 694,831 | -17% | reduced |
| 45 | AHR AMERICAN HEALTHCARE REIT INC | Real Estate | 0.1% | $13.8m | 292,952 | 0% | held |
| 46 | AVBC AVALONBAY CMNTYS INC | Financial Services | 0.1% | $13.7m | 75,573 | -29% | reduced |
| 47 | REXR REXFORD INDL RLTY INC | Real Estate | 0.1% | $13.6m | 350,557 | 0% | held |
| 48 | UMH UMH PPTYS INC | Real Estate | 0.1% | $10.8m | 679,926 | 41% | added |
| 49 | VERIS RESIDENTIAL INC | 0.1% | $10.4m | 696,155 | 0% | held | |
| 50 | MAC MACERICH CO | Real Estate | 0.1% | $10.3m | 556,272 | -59% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.