SEC 13F Intelligence

Managers / Q4 2023 · view latest →

APG Asset Management N.V.

CIK 0001434819 · BASISWEG 10, 1043 AP, AMSTERDAM, P7, 00000 · 917-368-3500

Reported Value
$51.3B
Q4 2023
Positions
717
Filings on Record
34
2019–present window
Filed
Feb 13, 2024
original filing

Summary

Apg Asset Management N.V. reported $51.3B in U.S.-listed holdings across 717 positions for Q4 2023.

Its largest position, AAPL, represents 5.3% of the portfolio.

Compared with Q3 2023, the fund opened 41 new positions and exited 59.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+24.0%
share of reported value
Largest Position
+5.3%
Apple
New / Exited
41 / 59
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $98.3BQ4 ’18Q1 ’19: $54.5BQ2 ’19: $58.3BQ3 ’19: $60.7BQ4 ’19: $61.6BQ4 ’19Q1 ’20: $101.5BQ2 ’20: $54.9BQ3 ’20: $57.8BQ4 ’20: $61.3BQ4 ’20Q1 ’21: $58.6BQ2 ’21: $58.9BQ3 ’21: $56.3BQ4 ’21: $58.9BQ4 ’21Q1 ’22: $52.9BQ2 ’22: $42.7BQ3 ’22: $38.8BQ2 ’23: $49.6BQ2 ’23Q3 ’23: $48.9BQ4 ’23: $51.3BQ1 ’24: $57.1BQ2 ’24: $56.1BQ2 ’24Q3 ’24: $15.1BQ4 ’24: $35.9BQ1 ’25: $32.2BQ2 ’25: $33.8BQ2 ’25Q3 ’25: $35.6BQ4 ’25: $35.2BQ1 ’26: $31.6Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 90.4%Other: 6.9%REIT: 1.9%ADR: 0.8%NY Reg Shrs: 0.0%Other: 0.0%
  • Common Stock · 90.4% · $46.4B
  • Other · 6.9% · $3.5B
  • REIT · 1.9% · $982M
  • ADR · 0.8% · $400M
  • NY Reg Shrs · 0.0% · $3M
  • Other · 0.0% · $411,018

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VLTOVERALTO CORPNEW+195.1K195.1K+$15M$15M
CRITEO S ANEW+400.4K400.4K+$9M$9M
RIORIO TINTO PLCNEW+89.4K89.4K+$6M$6M
ACIALBERTSONS COS INCNEW+250.5K250.5K+$5M$5M
SUXTD SYNNEX CORPORATIONNEW+51.0K51.0K+$5M$5M
FOXFOX CORPNEW+115.1K115.1K+$3M$3M
DKSDICKS SPORTING GOODS INCNEW+20.0K20.0K+$3M$3M
CRICARTERS INCNEW+29.0K29.0K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.26%$2.7B15.48M
2MSFTMICROSOFT CORPhistory →COM4.75%$2.4B7.16M
3GOOGLALPHABET INChistory →CAP STK CL A · CAP STK CL C2.88%$1.5B11.65M
4AMZNAMAZON COM INChistory →COM2.77%$1.4B10.33M
5NVDANVIDIA CORPORATIONhistory →COM1.90%$976M2.18M
6FERGUSON PLC NEWSHS1.84%$942M5.39M
7METAMETA PLATFORMS INChistory →CL A1.53%$784M2.45M
8ROLROLLINS INChistory →COM1.52%$781M19.75M
9WSTWEST PHARMACEUTICAL SVSC INChistory →COM1.43%$733M2.30M
10BRBROADRIDGE FINL SOLUTIONS INhistory →COM1.41%$724M3.88M
11STERIS PLCSHS USD1.41%$720M3.62M
12TSLATESLA INChistory →COM1.34%$689M3.06M
13MSAMSA SAFETY INChistory →COM1.34%$689M4.51M
14ALLEGION PLCORD SHS1.29%$664M5.79M
15JPMJPMORGAN CHASE & COhistory →COM1.14%$586M3.80M
16JKHYHENRY JACK & ASSOC INChistory →COM1.13%$580M3.92M
17LWLAMB WESTON HLDGS INChistory →COM1.10%$566M5.79M
18TYLTYLER TECHNOLOGIES INChistory →COM1.07%$548M1.45M
19ZBRAZEBRA TECHNOLOGIES CORPORATIhistory →CL A1.05%$537M2.17M
20PGPROCTER AND GAMBLE COhistory →COM0.99%$510M3.84M
21VVISA INChistory →COM CL A0.99%$509M2.16M
22UNHUNITEDHEALTH GROUP INChistory →COM0.93%$477M1.00M
23MAMASTERCARD INCORPORATEDhistory →CL A0.93%$475M1.23M
24AVGOBROADCOM INChistory →COM0.85%$437M432.6K
25BACBANK AMERICA CORPhistory →COM0.85%$435M14.26M
26TRUTRANSUNIONhistory →COM0.82%$418M6.72M
27JNJJOHNSON & JOHNSONhistory →COM0.81%$413M2.91M
28BCPCBALCHEM CORPhistory →COM0.76%$391M2.90M
29MCDMCDONALDS CORPhistory →COM0.76%$388M1.44M
30COSTCOSTCO WHSL CORP NEWhistory →COM0.75%$383M641.6K
31WDFCWD 40 COhistory →COM0.74%$379M1.75M
32MTNVAIL RESORTS INChistory →COM0.73%$376M1.95M
33LLYELI LILLY & COhistory →COM0.72%$370M701.5K
34WFCWELLS FARGO CO NEWhistory →COM0.72%$369M8.28M
35BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.71%$362M1.12M
36MRKMERCK & CO INChistory →COM0.65%$335M3.39M
37PEPPEPSICO INChistory →COM0.62%$316M2.06M
38PGRPROGRESSIVE CORPhistory →COM0.56%$289M2.01M
39KOCOCA COLA COhistory →COM0.56%$286M5.36M
40CSCOCISCO SYS INChistory →COM0.53%$274M5.99M
41TMUST-MOBILE US INChistory →COM0.52%$268M1.85M
42AMTAMERICAN TOWER CORP NEWhistory →COM0.51%$260M1.33M
43HDHOME DEPOT INChistory →COM0.51%$260M828.2K
44NKENIKE INChistory →CL B0.50%$257M2.61M
45ABBVABBVIE INChistory →COM0.50%$257M1.83M
46NFLXNETFLIX INChistory →COM0.49%$253M573.7K
47CMECME GROUP INChistory →COM0.48%$245M1.29M
48BLKCHFBLACKROCK INChistory →COM0.47%$243M330.9K
49LINDE PLCSHS0.45%$228M613.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$31.6B513May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$35.2B540Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$35.6B528Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$33.8B539Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$32.2B548May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$35.9B548Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$15.1B407Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$56.1B650Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$57.1B716May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$51.3B717Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$48.9B735Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$49.6B724Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023under review750May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022under review786Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$38.8B834Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$42.7B868Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$52.9B914May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$58.9B918Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$56.3B900Nov 15, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$58.9B900Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$58.6B922May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$61.3B949Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$57.8B987Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$54.9B958Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020REVEALED$101.5B1,826May 15, 2020RESTATEMENTchanges · EDGAR ↗
Q4 2019$61.6B937Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$60.7B924Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$58.3B890Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$54.5B890May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018REVEALED$98.3B1,667Feb 13, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 3 additional managers.

  • APG Asset Management US Inc.028-11397
  • STICHTING PENSIOENFONDS ABP028-04817
  • APG Group028-13073

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.