APG Asset Management N.V.

CIK 0001434819 · Q1 2026

13F Equity AUM

$31.6B

-10.4% QoQ

Positions

513

-27 QoQ

AUM Rank

#304

Top 2%

Skill Alpha (FF)

-1.5%/yr^ns

No Clear Edge

Rank #4,492 · Top 55%

vs S&P -4.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 24.5%Top 10: 35.5%Top 20: 45.7%

MSFT5.8%

NVDA5.7%

AVGO4.6%

AMZN4.3%

AAPL4.1%

LLY2.9%

JPM2.7%

COST2.1%

MA1.9%

TJX1.3%

Others (503)64.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology35.0%

Financial Services17.5%

Healthcare13.3%

Consumer Cyclical9.7%

Industrials7.5%

Consumer Defensive5.8%

Communication Services2.8%

Utilities2.5%

Other5.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 513Median: 0.05%Avg: 0.19%

0–0.5%

470(38.8%)

0.5–1%

28(20.2%)

1–3%

10(16.6%)

3–5%

3(13.1%)

5%+

2(11.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 512Unique: 1vs 20 funds

7%Low

513

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

9.8%

GEODE CAPITAL MANAGEMENT, LLC

14.9%

BANK OF AMERICA CORP /DE/

10.8%

JPMORGAN CHASE & CO

10.6%

BlackRock, Inc.

12.9%

VANGUARD CAPITAL MANAGEMENT LLC

15%

FMR LLC

17.4%

STATE STREET CORP

14.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

16.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New4Increased139Decreased366Exited31

New Positions

SUNBELT RENTALS HOLD…0.1%

+283K

Q0.0%

+106K

SOLS0.0%

+50K

FIX0.0%

+2K

Increased

TSCO0.6%

+628K(+15%)

CRTO0.0%

+612K(+264%)

WMT1.0%

+490K(+21%)

INTC0.3%

+490K(+20%)

JPM2.7%

+476K(+16%)

CSCO0.6%

+440K(+20%)

TJX1.3%

+336K(+13%)

LLY2.9%

+286K(+33%)

TYL0.9%

+280K(+42%)

HBAN0.0%

+268K(+36%)

Decreased

NVDA5.7%

-7,101,152(-38%)

AAPL4.1%

-4,111,272(-41%)

AMCCD0.0%

-1,674,561(-82%)

MSFT5.8%

-1,033,435(-15%)

ROL0.6%

-1,000,241(-19%)

STE0.1%

-936,615(-92%)

APH0.4%

-306,500(-21%)

ZBRA0.3%

-270,547(-38%)

FERG1.0%

-211,572(-12%)

PYPL0.1%

-129,329(-22%)

Exited

PDD

-380,428

-1,797,354

BAP

-36,314

YUMC

-197,859

SCCO

-48,338

FLUTTER ENTMT PLC

-24,120

TME

-330,271

HTHT

-115,993

TEVA

-73,038

-221,700

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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