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APG Asset Management Portfolio holdings
AUM
$40.7B
1-Year Est. Return
39.97%
This Fund
S&P 500
This Quarter
Est. Return
+2.31%
1 Year Est. Return
+39.97%
3 Year Est. Return
+114.65%
5 Year Est. Return
+155.11%
10 Year Est. Return
+523.58%
AUM
$35.2B
AUM Growth
-$395M
(-1.1%)
Cap. Flow
-$836M
Cap. Flow
% of AUM
-2.37%
Top 10 Holdings %
Top 10 Hldgs %
40.42%
Holding
568
New
40
Increased
57
Reduced
437
Closed
28
Avg Time Held
25.7
quarters
Top 10 Avg Time Held
2.9
quarters
Top 20 Avg Time Held
8.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$366M |
| 2 |
Netflix
NFLX
|
+$273M |
| 3 |
Fifth Third Bancorp
FITB
|
+$266M |
| 4 |
Progressive
PGR
|
+$246M |
| 5 |
Costco
COST
|
+$233M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransUnion
TRU
|
+$279M |
| 2 |
Palantir
PLTR
|
+$211M |
| 3 |
Visa
V
|
+$154M |
| 4 |
Broadridge
BR
|
+$139M |
| 5 |
Ecolab
ECL
|
+$130M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.61% |
| 2 | Financials | 17.27% |
| 3 | Healthcare | 12.66% |
| 4 | Consumer Discretionary | 9.34% |
| 5 | Industrials | 6.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.54T
| $3B | 8.53% |
18,921,916
-435,356
| -2% | -$81M |
2013 Q2
50 quarters
|
|
2
Microsoft
MSFT
$3.97T
| $2.75B | 7.82% |
6,689,748
-81,112
| -1% | -$40.6M |
2013 Q2
50 quarters
|
|
3
Apple
AAPL
$4.91T
| $2.32B | 6.57% |
10,003,258
-473,548
| -5% | -$127M |
2013 Q2
50 quarters
|
|
4
Broadcom
AVGO
$1.73T
| $1.54B | 4.38% |
5,235,782
-282,576
| -5% | -$101M |
2013 Q2
50 quarters
|
|
5
Amazon
AMZN
$2.83T
| $1.45B | 4.11% |
7,377,029
-270,590
| -4% | -$61.9M |
2013 Q2
50 quarters
|
|
6
Eli Lilly
LLY
$1.05T
| $801M | 2.27% |
875,529
+969
| +0.1% | +$927K |
2013 Q2
50 quarters
|
|
7
JPMorgan Chase
JPM
$885B
| $792M | 2.25% |
2,886,209
+164,988
| +6% | +$51.1M |
2013 Q2
50 quarters
|
|
8
Mastercard
MA
$516B
| $640M | 1.82% |
1,317,569
+330,446
| +33% | +$185M |
2013 Q2
50 quarters
|
|
|
9
Costco
COST
$420B
| $493M | 1.4% |
671,883
+256,929
| +62% | +$233M |
2013 Q2
50 quarters
|
|
10
Thermo Fisher Scientific
TMO
$243B
| $447M | 1.27% |
906,926
+58,192
| +7% | +$32.9M |
2013 Q2
50 quarters
|
|
11
Cadence Design Systems
CDNS
$97.2B
| $371M | 1.05% |
1,392,940
-16,186
| -1% | -$5.28M |
2017 Q2
34 quarters
|
|
12
TJX Companies
TJX
$153B
| $350M | 0.99% |
2,675,095
+918,192
| +52% | +$136M |
2013 Q2
50 quarters
|
|
13
Ferguson
FERG
$42.6B
| $347M | 0.99% |
1,831,166
-198,352
| -10% | -$47.4M |
2022 Q3
13 quarters
|
|
14
Intuitive Surgical
ISRG
$150B
| $331M | 0.94% |
686,524
-11,789
| -2% | -$6.28M |
2013 Q2
50 quarters
|
|
|
15
Visa
V
$724B
| $318M | 0.9% |
1,065,885
-452,198
| -30% | -$154M |
2013 Q2
50 quarters
|
|
|
16
Progressive
PGR
$126B
| $316M | 0.9% |
1,631,992
+1,090,189
| +201% | +$246M |
2013 Q2
50 quarters
|
|
|
17
Berkshire Hathaway Class B
BRK.B
$1.1T
| $315M | 0.89% |
+736,280
| New | +$366M |
2025 Q4
0 quarters
|
|
18
Arista Networks
ANET
$273B
| $285M | 0.81% |
2,552,884
+1,287,405
| +102% | +$177M |
2017 Q3
33 quarters
|
|
19
West Pharmaceutical
WST
$25.8B
| $281M | 0.8% |
1,199,005
-214,693
| -15% | -$58.7M |
2019 Q4
24 quarters
|
|
20
Stryker
SYK
$106B
| $279M | 0.79% |
931,009
-12,639
| -1% | -$4.61M |
2013 Q2
50 quarters
|
|
21
Rollins
ROL
$15.4B
| $269M | 0.76% |
5,261,697
-2,030,654
| -28% | -$119M |
2017 Q2
34 quarters
|
|
|
22
Fifth Third Bancorp
FITB
$45.9B
| $263M | 0.75% |
6,603,934
+6,037,584
| +1,066% | +$266M |
2013 Q2
50 quarters
|
|
23
Arthur J. Gallagher & Co
AJG
$59.7B
| $261M | 0.74% |
1,182,859
-15,019
| -1% | -$3.98M |
2019 Q3
25 quarters
|
|
24
Tyler Technologies
TYL
$13.5B
| $255M | 0.72% |
660,404
-45,476
| -6% | -$21.7M |
2019 Q4
24 quarters
|
|
25
Moody's
MCO
$80.4B
| $247M | 0.7% |
568,997
+339,993
| +148% | +$166M |
2013 Q2
50 quarters
|
|
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APG Asset Management's Q4 2025 Portfolio in Review
As of Q4 2025, APG Asset Management held 568 positions worth $35.2B, down 1.1% from $35.6B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
APG Asset Management's Q4 2025 filing shows 40 new, 57 increased, 437 reduced and 28 closed positions. Its largest new stake was Berkshire Hathaway Class B: 736,280 shares worth $315M. The largest sale was TransUnion, an estimated $279M.
By sector, the portfolio is most concentrated in Technology at 42% of assets, down from 43% a quarter earlier, followed by Financials and Healthcare.
- APG Asset Management's largest Q4 2025 buy was Berkshire Hathaway Class B: 736,280 shares worth $315M.
- APG Asset Management added most to Fifth Third Bancorp in Q4 2025, an estimated $266M increase.
- APG Asset Management's biggest Q4 2025 reduction was TransUnion, cutting an estimated $279M.
- APG Asset Management fully exited Palantir in Q4 2025, selling an estimated $211M.
- APG Asset Management's ten largest holdings make up 40% of its $35.2B portfolio in Q4 2025.
- APG Asset Management opened 40 new positions and closed 28 in Q4 2025.
- APG Asset Management's portfolio value fell 1.1% quarter-over-quarter to $35.2B.
Based on APG Asset Management's 13F filing for Q4 2025, filed 12 Feb 2026.