APG Asset Management US Inc.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, APG Asset Management US Inc. maintained a portfolio of 187 distinct positions. The most significant new addition to the portfolio was OMEGA HEALTHCARE INV, which now represents 0.12% of the total fund value. They heavily accumulated shares in PUBLIC STORAGE OPER , increasing their position by 1.0%. The fund also reduced its exposure to MACERICH CO by 58.8%.
PCA Score Concentration Risk
Risk ENB
Total Positions
187
Quarter
2025 Q4
Top Holding
PLD (19.7%)
Top 10 Concentration
69.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 187
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
PLD
PROLOGIS INC.
Real Estate 19.65% 16.89% #1
Prev: #1
7.0 no change no change
P
S
19,656,247 $2,509,316,492 2011 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DLR
DIGITAL RLTY TR...
Real Estate 10.44% 10.92% #2
Prev: #2
6.0 -21,057 -0.2%
P
S
8,617,744 $1,333,251,174 2005 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EQIX
EQUINIX INC
Real Estate 7.22% 6.91% #3
Prev: #3
4.4 -7,974 -0.7%
P
S
1,203,383 $921,983,919 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VTR
VENTAS INC
Real Estate 7.13% 6.10% #4
Prev: #4
4.4 no change no change
P
S
11,758,485 $909,871,569 2005 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EQR
EQUITY RESIDENT...
Bond/Debt 5.60% 5.36% #5
Prev: #5
3.7 no change no change
P
S
11,346,098 $715,258,018 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PSA
PUBLIC STORAGE ...
Real Estate 4.49% 4.68% #6
Prev: #6
2.3 22,696 1.0%
P
S
2,207,675 $572,891,663 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BXP
BXP INC
Real Estate 3.91% 4.17% #7
Prev: #7
2.6 no change no change
P
S
7,401,513 $499,454,097 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
O
REALTY INCOME C...
Real Estate 3.91% 3.77% #8 1
Prev: #9
2.1 403,593 4.8%
P
S
8,849,060 $498,821,512 2007 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INVH
INVITATION HOME...
Real Estate 3.61% 3.66% #9 1
Prev: #10
1.9 -492,025 -2.9%
P
S
16,591,683 $461,082,871 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HYG
ISHARES TR
ETF 3.56% 2.77% #10 3
Prev: #13
3.9 997,936 21.5%
P
S
5,632,436 $454,143,315 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MAA
MID-AMER APT CM...
Real Estate 3.24% 3.07% #11
Prev: #11
1.8 -42,503 -1.4%
P
S
2,975,511 $413,328,233 2005 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LQD
ISHARES TR
ETF 3.06% 2.83% #12
Prev: #12
1.7 104,901 3.0%
P
S
3,546,714 $390,812,416 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EXR
EXTRA SPACE STO...
Real Estate 2.64% 2.64% #13 1
Prev: #14
1.6 52,770 2.1%
P
S
2,586,331 $336,792,023 2006 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ARE
ALEXANDRIA REAL...
Real Estate 2.57% 4.12% #14 6
Prev: #8
2.0 no change no change
P
S
6,693,105 $327,560,559 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WELL
WELLTOWER INC
Real Estate 2.41% 2.11% #15
Prev: #15
1.5 64,553 4.1%
P
S
1,657,317 $307,614,608 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KIM
KIMCO RLTY CORP
Real Estate 2.01% 2.01% #16
Prev: #16
1.8 no change no change
P
S
12,648,074 $256,376,460 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HR
HEALTHCARE RLTY...
Real Estate 1.65% 1.64% #17 1
Prev: #18
1.2 305,099 2.5%
P
S
12,391,772 $210,040,535 2007 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CUZ
COUSINS PPTYS I...
Real Estate 1.49% 1.64% #18 1
Prev: #17
1.1 -273,401 -3.6%
P
S
7,395,125 $190,646,323 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KRC
KILROY RLTY COR...
Real Estate 1.25% 1.33% #19
Prev: #19
1.5 no change no change
P
S
4,287,628 $160,228,658 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COLD
AMERICOLD REALT...
Real Estate 1.22% 1.10% #20
Prev: #20
1.5 no change no change
P
S
12,139,704 $156,116,593 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
REG
REGENCY CTRS CO...
Real Estate 1.09% 1.08% #21
Prev: #21
1.4 no change no change
P
S
2,023,988 $139,715,892 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPG
SIMON PPTY GROU...
Real Estate 0.95% 0.74% #22 1
Prev: #23
2.9 115,211 21.3%
P
S
655,596 $121,357,376 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VICI
VICI PPTYS INC
Real Estate 0.72% 0.84% #23 1
Prev: #22
0.8 -181,651 -5.3%
P
S
3,269,161 $91,928,807 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UDR
UDR INC
Real Estate 0.47% 0.45% #24 1
Prev: #25
1.2 no change no change
P
S
1,645,459 $60,355,436 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SBRA
SABRA HEALTH CA...
Real Estate 0.44% 0.41% #25 3
Prev: #28
1.2 no change no change
P
S
2,992,091 $56,670,204 2010 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WPC
WP CAREY INC
Real Estate 0.44% 0.46% #26 2
Prev: #24
0.7 -40,939 -4.5%
P
S
875,667 $56,357,928 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ESS
ESSEX PPTY TR I...
Real Estate 0.43% 0.42% #27
Prev: #27
1.2 no change no change
P
S
212,048 $55,488,721 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IRM
IRON MTN INC DE...
Real Estate 0.38% 0.44% #28 2
Prev: #26
1.2 no change no change
P
S
582,174 $48,291,333 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BRX
BRIXMOR PPTY GR...
Real Estate 0.33% 0.28% #29 5
Prev: #34
2.1 208,288 14.8%
P
S
1,614,051 $42,320,417 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SUI
SUN CMNTYS INC
Real Estate 0.30% 0.32% #30 1
Prev: #31
0.6 -33,054 -9.8%
P
S
304,084 $37,679,048 2005 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VNO
VORNADO RLTY TR
Bond/Debt 0.26% 0.25% #31 4
Prev: #35
2.1 159,733 19.4%
P
S
983,787 $32,740,431 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DOC
HEALTHPEAK PROP...
Real Estate 0.25% 0.32% #32 2
Prev: #30
0.6 -293,164 -12.9%
P
S
1,980,187 $31,841,407 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FRT
FEDERAL RLTY IN...
Bond/Debt 0.25% 0.23% #33 3
Prev: #36
1.1 no change no change
P
S
314,532 $31,704,826 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SKT
TANGER INC
Real Estate 0.23% 0.22% #34 6
Prev: #40
1.1 no change no change
P
S
887,091 $29,602,227 2005 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EPRT
ESSENTIAL PPTYS...
Real Estate 0.20% 0.19% #35 6
Prev: #41
1.1 no change no change
P
S
881,079 $26,132,803 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ADC
AGREE RLTY CORP
Real Estate 0.17% 0.23% #36 1
Prev: #37
0.1 -132,646 -30.5%
P
S
302,697 $21,803,265 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RHP
RYMAN HOSPITALI...
Real Estate 0.17% 0.15% #37 6
Prev: #43
1.1 no change no change
P
S
226,742 $21,454,328 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CURB
CURBLINE PPTYS ...
Real Estate 0.14% 0.09% #38 15
Prev: #53
2.6 240,429 43.8%
P
S
789,832 $18,332,001 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UE
URBAN EDGE PPTY...
Real Estate 0.13% 0.13% #39 6
Prev: #45
1.1 no change no change
P
S
892,720 $17,131,297 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NTST
NETSTREIT CORP
Real Estate 0.13% 0.13% #40 6
Prev: #46
1.1 no change no change
P
S
956,127 $16,866,080 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
OHI
OMEGA HEALTHCAR...
Real Estate 0.12% #41
Prev: #—
3.5 344,468 no change
NEW
344,468 $15,273,711 2007 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GRP/U
GRANITE REAL ES...
Unknown 0.12% 0.10% #42 9
Prev: #51
1.0 no change no change
P
S
250,000 $14,902,426 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EPR
EPR PPTYS
Bond/Debt 0.11% 0.12% #43 5
Prev: #48
1.0 no change no change
P
S
287,278 $14,335,172 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AKR
ACADIA RLTY TR
Bond/Debt 0.11% 0.13% #44 3
Prev: #47
0.5 -143,811 -17.1%
P
S
694,831 $14,271,829 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AHR
AMERICAN HEALTH...
Real Estate 0.11% 0.09% #45 9
Prev: #54
1.0 no change no change
P
S
292,952 $13,786,321 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AVB
AVALONBAY CMNTY...
Real Estate 0.11% 0.15% #46 2
Prev: #44
0.0 -30,276 -28.6%
P
S
75,573 $13,702,141 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
REXR
REXFORD INDL RL...
Real Estate 0.11% 0.11% #47 3
Prev: #50
1.0 no change no change
P
S
350,557 $13,573,567 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UMH
UMH PPTYS INC
Real Estate 0.08% 0.05% #48 17
Prev: #65
2.5 196,810 40.7%
P
S
679,926 $10,817,623 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VRE
VERIS RESIDENTI...
Real Estate 0.08% 0.08% #49 8
Prev: #57
1.0 no change no change
P
S
696,155 $10,358,786 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MAC
MACERICH CO
Real Estate 0.08% 0.18% #50 8
Prev: #42
0.0 -794,863 -58.8%
P
S
556,272 $10,268,781 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 187 holdings

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