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Apg Asset Management N.V.

CIK:0001434819
Pension Fund
$659B AUM
539 holdings
Amsterdam, Netherlands
Founded:2008
3,100 employees
Latest filing:Jun 30, 2025

APG Asset Management N.V. is a Dutch pension investment management company based in Amsterdam, Netherlands, and is a subsidiary of Stichting Pensioenfonds ABP—the largest pension fund in the Netherlands. Founded in 2008, APG manages pension investments, provides management advice, pension fund administration, and employer solutions to several Dutch industry-wide pension funds and their 4.6 million participants globally. The firm has a global presence with offices in Amsterdam, Heerlen, Brussels, New York, Hong Kong, Singapore, Beijing, and Shanghai. The company employs over 3,100 staff, with more than 1,200 investment professionals in its asset management division.

Investment Strategy

APG pursues an active investment policy, managing a diverse array of listed and alternative asset classes for primarily Dutch pension funds. The key strategy emphasizes achieving attractive and sustainable long-term returns, while integrating strict responsible investment and ESG (Environmental, Social, and Governance) criteria. APG leverages its large scale to advocate for sustainability in investment targets, utilizes in-house investment expertise, and offers bespoke index products for clients seeking cost-effective, sustainable investment options. The firm focuses on ensuring good, affordable pensions for current and future generations by managing assets efficiently, responsibly, and with a commitment to create societal value.

Latest 13F Filing Activity

Apg Asset Management N.V. filed their most recent 13F report on Jun 30, 2025 disclosing 535 equity positions with a total 13F market value of $34B. The fund increased holdings in Nvidia Corporation, Microsoft Corp., Broadcom Inc. among other positions. Apg Asset Management N.V. reduced exposure to Unitedhealth Group Inc., Apple Inc., Balchem Corp. among others.

Top Buys
N
NVDANVIDIA CORPORATION
+$675.9M
M
MSFTMICROSOFT CORP
+$626.0M
A
AVGOBROADCOM INC
+$469.4M
C
CDNSCADENCE DESIGN SYSTEM INC
+$189.5M
P
PLTRPALANTIR TECHNOLOGIES INC
+$189.0M
Top Sells
U
UNHUNITEDHEALTH GROUP INC
-$240.3M
A
AAPLAPPLE INC
-$206.5M
B
BCPCBALCHEM CORP
-$145.3M
C
CATCATERPILLAR INC
-$133.9M
H
HDHOME DEPOT INC
-$124.5M

Top Holdings

M
MSFTMICROSOFT CORP
+8.0%$2.69B
N
NVDANVIDIA CORPORATION
+7.6%$2.57B
A
AAPLAPPLE INC
+5.7%$1.91B
A
AMZNAMAZON COM INC
+4.2%$1.43B
A
AVGOBROADCOM INC
+3.5%$1.18B

Equity Positions (535)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
MICROSOFT CORP7.95%$2.69B6,339,274$384.15$497.41+$626.0M
NVIDIA CORPORATION7.62%$2.57B19,130,016$114.75$157.99+$675.9M
APPLE INC5.65%$1.91B10,917,706$239.55$205.17-$206.5M
AMAZON COM INC4.25%$1.43B7,673,219$210.18$219.39+$114.4M
BROADCOM INC3.48%$1.18B5,005,563$212.51$275.65+$469.4M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+15.0%
SERVICES-PREPACKAGED SOFTWARE
+14.7%
ELECTRONIC COMPUTERS
+6.5%
SERVICES-BUSINESS SERVICES, NEC
+5.1%
RETAIL-CATALOG & MAIL-ORDER HOUSES
+4.1%