13F HOLDINGS REPORT
APG Asset Management US Inc.
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001323255-25-000030
Total Value
$13.56B
Positions
184
Other Managers
3
Confidential Omitted
No
Holdings (184)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PROLOGIS INC. | PLDGP | 19,656,247 | $2.29B | 16.89% |
| 2 | DIGITAL RLTY TR INC | 253868103 | 8,638,801 | $1.48B | 10.92% |
| 3 | EQUINIX INC | EQIX | 1,211,357 | $937.5M | 6.91% |
| 4 | VENTAS INC | VTR | 11,758,485 | $826.9M | 6.10% |
| 5 | EQUITY RESIDENTIAL | EQR | 11,346,098 | $727.3M | 5.36% |
| 6 | PUBLIC STORAGE OPER CO | PSA-PS | 2,184,979 | $635.1M | 4.68% |
| 7 | BXP INC | BXP | 7,401,513 | $564.9M | 4.17% |
| 8 | ALEXANDRIA REAL ESTATE EQ IN | 015271109 | 6,693,105 | $558.6M | 4.12% |
| 9 | REALTY INCOME CORP | O | 8,445,467 | $510.6M | 3.77% |
| 10 | INVITATION HOMES INC | INVH | 17,083,708 | $495.6M | 3.66% |
| 11 | MID-AMER APT CMNTYS INC | 59522J103 | 3,018,014 | $416.5M | 3.07% |
| 12 | ISHARES TR | 464287242 | 3,441,813 | $383.8M | 2.83% |
| 13 | ISHARES TR | 464288513 | 4,634,500 | $375.2M | 2.77% |
| 14 | EXTRA SPACE STORAGE INC | EXR | 2,533,561 | $357.6M | 2.64% |
| 15 | WELLTOWER INC | WELL | 1,592,764 | $285.7M | 2.11% |
| 16 | KIMCO RLTY CORP | 49446R109 | 12,648,074 | $272.2M | 2.01% |
| 17 | COUSINS PPTYS INC | 222795502 | 7,668,526 | $222.8M | 1.64% |
| 18 | HEALTHCARE RLTY TR | 42226K105 | 12,086,673 | $222.0M | 1.64% |
| 19 | KILROY RLTY CORP | 49427F108 | 4,287,628 | $180.7M | 1.33% |
| 20 | AMERICOLD REALTY TRUST INC | COLD | 12,139,704 | $149.4M | 1.10% |
| 21 | REGENCY CTRS CORP | 758849103 | 2,023,988 | $145.9M | 1.08% |
| 22 | VICI PPTYS INC | 925652109 | 3,450,812 | $113.6M | 0.84% |
| 23 | SIMON PPTY GROUP INC NEW | 828806109 | 540,385 | $100.4M | 0.74% |
| 24 | WP CAREY INC | 92936U109 | 916,606 | $62.8M | 0.46% |
| 25 | UDR INC | UDR | 1,645,459 | $60.8M | 0.45% |
| 26 | IRON MTN INC DEL | 46284V101 | 582,174 | $59.5M | 0.44% |
| 27 | ESSEX PPTY TR INC | 297178105 | 212,048 | $56.5M | 0.42% |
| 28 | SABRA HEALTH CARE REIT INC | SBRA | 2,992,091 | $54.9M | 0.41% |
| 29 | EASTGROUP PPTYS INC | 277276101 | 300,159 | $51.7M | 0.38% |
| 30 | HEALTHPEAK PROPERTIES INC | DOC | 2,273,351 | $43.6M | 0.32% |
| 31 | SUN CMNTYS INC | 866674104 | 337,138 | $43.3M | 0.32% |
| 32 | NVIDIA CORPORATION | NVDA | 226,405 | $42.4M | 0.31% |
| 33 | BROADCOM INC | AVGO | 123,408 | $41.1M | 0.30% |
| 34 | BRIXMOR PPTY GROUP INC | 11120U105 | 1,405,763 | $38.4M | 0.28% |
| 35 | VORNADO RLTY TR | 929042109 | 824,054 | $34.0M | 0.25% |
| 36 | FEDERAL RLTY INVT TR NEW | 313745101 | 314,532 | $31.3M | 0.23% |
| 37 | AGREE RLTY CORP | 008492100 | 435,343 | $31.2M | 0.23% |
| 38 | MICROSOFT CORP | MSFT | 59,861 | $31.1M | 0.23% |
| 39 | INVESCO EXCH TRADED FD TR II | IVZ | 1,480,000 | $30.9M | 0.23% |
| 40 | TANGER INC | SKT | 887,091 | $30.0M | 0.22% |
| 41 | ESSENTIAL PPTYS RLTY TR INC | 29670E107 | 881,079 | $26.4M | 0.19% |
| 42 | MACERICH CO | MAC | 1,351,135 | $24.3M | 0.18% |
| 43 | RYMAN HOSPITALITY PPTYS INC | 78377T107 | 226,742 | $20.3M | 0.15% |
| 44 | AVALONBAY CMNTYS INC | AWX | 105,849 | $20.3M | 0.15% |
| 45 | URBAN EDGE PPTYS | 91704F104 | 892,720 | $18.2M | 0.13% |
| 46 | NETSTREIT CORP | NTST | 956,127 | $17.5M | 0.13% |
| 47 | ACADIA RLTY TR | 004239109 | 838,642 | $17.1M | 0.13% |
| 48 | EPR PPTYS | 26884U109 | 287,278 | $16.8M | 0.12% |
| 49 | ORACLE CORP | ORCL-PD | 52,339 | $15.1M | 0.11% |
| 50 | REXFORD INDL RLTY INC | 76169C100 | 350,557 | $14.7M | 0.11% |
| 51 | GRANITE REAL ESTATE INVT TR | 387437205 | 250,000 | $14.0M | 0.10% |
| 52 | ELI LILLY & CO | LLY | 15,015 | $12.4M | 0.09% |
| 53 | CURBLINE PPTYS CORP | 23128Q101 | 549,403 | $12.3M | 0.09% |
| 54 | AMERICAN HEALTHCARE REIT INC | AHR | 292,952 | $12.3M | 0.09% |
| 55 | ARISTA NETWORKS INC | ANET | 76,981 | $11.5M | 0.08% |
| 56 | SALESFORCE INC | CRM | 44,606 | $10.5M | 0.08% |
| 57 | VERIS RESIDENTIAL INC | VRE | 696,155 | $10.5M | 0.08% |
| 58 | NATIONAL STORAGE AFFILIATES | NSA-PB | 344,780 | $10.4M | 0.08% |
| 59 | AMPHENOL CORP NEW | 032095101 | 82,660 | $10.3M | 0.08% |
| 60 | ABBVIE INC | ABBV | 37,008 | $9.0M | 0.07% |
| 61 | PALANTIR TECHNOLOGIES INC | PLTR | 44,809 | $8.3M | 0.06% |
| 62 | CTO RLTY GROWTH INC NEW | 22948Q101 | 460,001 | $7.5M | 0.06% |
| 63 | SITE CTRS CORP | 82981J851 | 802,381 | $7.2M | 0.05% |
| 64 | LAM RESEARCH CORP | LRCX | 49,925 | $7.1M | 0.05% |
| 65 | UMH PPTYS INC | 903002103 | 483,116 | $7.1M | 0.05% |
| 66 | ADVANCED MICRO DEVICES INC | AMD | 42,321 | $6.9M | 0.05% |
| 67 | FIRST INDL RLTY TR INC | 32054K103 | 132,600 | $6.9M | 0.05% |
| 68 | INTUIT | INTU | 9,828 | $6.7M | 0.05% |
| 69 | UNITEDHEALTH GROUP INC | UNH | 19,083 | $6.6M | 0.05% |
| 70 | MICRON TECHNOLOGY INC | MU | 34,903 | $6.4M | 0.05% |
| 71 | SERVICENOW INC | NOW | 6,386 | $5.8M | 0.04% |
| 72 | SHOPIFY INC | SHOP | 38,167 | $5.7M | 0.04% |
| 73 | PEBBLEBROOK HOTEL TR | PEB-PH | 494,211 | $5.5M | 0.04% |
| 74 | XENIA HOTELS & RESORTS INC | XHR | 388,747 | $5.3M | 0.04% |
| 75 | PARAMOUNT GROUP INC | 69924R108 | 784,067 | $5.1M | 0.04% |
| 76 | SYNOPSYS INC | SNPS | 9,946 | $4.9M | 0.04% |
| 77 | PALO ALTO NETWORKS INC | PANW | 23,464 | $4.9M | 0.04% |
| 78 | MERCK & CO INC | MRK | 52,382 | $4.7M | 0.03% |
| 79 | QUALCOMM INC | QCOM | 28,052 | $4.7M | 0.03% |
| 80 | CROWDSTRIKE HLDGS INC | CRWD | 8,697 | $4.3M | 0.03% |
| 81 | ACCENTURE PLC IRELAND | ACN | 17,709 | $4.3M | 0.03% |
| 82 | THERMO FISHER SCIENTIFIC INC | TMO | 7,894 | $4.2M | 0.03% |
| 83 | ADOBE INC | ADBE | 11,424 | $3.9M | 0.03% |
| 84 | AMGEN INC | AMGN | 11,265 | $3.4M | 0.02% |
| 85 | KLA CORP | KLAC | 2,938 | $3.3M | 0.02% |
| 86 | INTEL CORP | INTC | 91,268 | $3.3M | 0.02% |
| 87 | INTUITIVE SURGICAL INC | ISRG | 7,448 | $3.3M | 0.02% |
| 88 | PFIZER INC | PFE | 119,114 | $3.2M | 0.02% |
| 89 | BOSTON SCIENTIFIC CORP | BSX | 30,996 | $3.0M | 0.02% |
| 90 | CADENCE DESIGN SYSTEM INC | CDNS | 8,249 | $2.9M | 0.02% |
| 91 | GILEAD SCIENCES INC | GILD | 25,728 | $2.9M | 0.02% |
| 92 | DANAHER CORPORATION | 235851102 | 13,432 | $2.9M | 0.02% |
| 93 | TEXAS INSTRS INC | 882508104 | 15,125 | $2.7M | 0.02% |
| 94 | STRYKER CORPORATION | SYK | 7,206 | $2.6M | 0.02% |
| 95 | MEDTRONIC PLC | MDT | 26,664 | $2.5M | 0.02% |
| 96 | DATADOG INC | DDOG | 16,306 | $2.5M | 0.02% |
| 97 | APPLIED MATLS INC | 038222105 | 10,767 | $2.3M | 0.02% |
| 98 | MARVELL TECHNOLOGY INC | MRVL | 26,667 | $2.2M | 0.02% |
| 99 | CISCO SYS INC | CSCO | 31,543 | $2.2M | 0.02% |
| 100 | VERTEX PHARMACEUTICALS INC | VRTX | 5,334 | $2.2M | 0.02% |
| 101 | AUTODESK INC | ADSK | 6,768 | $2.1M | 0.02% |
| 102 | CORNING INC | GLW | 25,590 | $2.1M | 0.02% |
| 103 | SNOWFLAKE INC | SNOW | 9,102 | $2.1M | 0.02% |
| 104 | TE CONNECTIVITY PLC | TEL | 9,414 | $2.1M | 0.02% |
| 105 | CVS HEALTH CORP | CVS | 25,996 | $2.0M | 0.01% |
| 106 | MCKESSON CORP | MCK | 2,605 | $2.0M | 0.01% |
| 107 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 41,897 | $2.0M | 0.01% |
| 108 | STRATEGY INC | STRK | 5,761 | $1.9M | 0.01% |
| 109 | NUTANIX INC | NTNX | 25,240 | $1.9M | 0.01% |
| 110 | NXP SEMICONDUCTORS N V | NXPI | 7,850 | $1.8M | 0.01% |
| 111 | FORTINET INC | FTNT | 20,467 | $1.7M | 0.01% |
| 112 | SEAGATE TECHNOLOGY HLDNGS PL | SE | 6,626 | $1.7M | 0.01% |
| 113 | ROPER TECHNOLOGIES INC | ROP | 3,375 | $1.7M | 0.01% |
| 114 | THE CIGNA GROUP | 125523100 | 5,636 | $1.6M | 0.01% |
| 115 | HCA HEALTHCARE INC | HCA | 3,839 | $1.6M | 0.01% |
| 116 | ELEVANCE HEALTH INC FORMERLY | ELV | 4,792 | $1.6M | 0.01% |
| 117 | WORKDAY INC | WDAY | 6,705 | $1.6M | 0.01% |
| 118 | DELL TECHNOLOGIES INC | DELL | 9,985 | $1.5M | 0.01% |
| 119 | WESTERN DIGITAL CORP | WDC | 10,882 | $1.4M | 0.01% |
| 120 | ZOETIS INC | ZTS | 9,362 | $1.4M | 0.01% |
| 121 | MONOLITHIC PWR SYS INC | 609839105 | 1,473 | $1.3M | 0.01% |
| 122 | REGENERON PHARMACEUTICALS | REGN | 2,240 | $1.3M | 0.01% |
| 123 | CHECK POINT SOFTWARE TECH LT | M22465104 | 5,797 | $1.2M | 0.01% |
| 124 | BECTON DICKINSON & CO | BDX | 5,973 | $1.1M | 0.01% |
| 125 | FAIR ISAAC CORP | FICO | 752 | $1.1M | 0.01% |
| 126 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 15,603 | $1.0M | 0.01% |
| 127 | CLOUDFLARE INC | NET | 4,591 | $996,522 | 0.01% |
| 128 | HEWLETT PACKARD ENTERPRISE C | HPE-PC | 38,965 | $971,397 | 0.01% |
| 129 | DYNATRACE INC | DT | 19,775 | $955,330 | 0.01% |
| 130 | EDWARDS LIFESCIENCES CORP | EW | 12,449 | $949,983 | 0.01% |
| 131 | VEEVA SYS INC | VEEV | 3,179 | $932,274 | 0.01% |
| 132 | OKTA INC | OKTA | 9,706 | $889,943 | 0.01% |
| 133 | TELEDYNE TECHNOLOGIES INC | TDY | 1,473 | $847,078 | 0.01% |
| 134 | ZSCALER INC | ZS | 2,721 | $828,626 | 0.01% |
| 135 | AGILENT TECHNOLOGIES INC | A | 5,938 | $822,888 | 0.01% |
| 136 | RESMED INC | RSMDF | 3,033 | $821,488 | 0.01% |
| 137 | JABIL INC | JBL | 3,740 | $803,502 | 0.01% |
| 138 | CARDINAL HEALTH INC | CAH | 5,000 | $789,650 | 0.01% |
| 139 | ALCON AG | ALC | 10,326 | $769,709 | 0.01% |
| 140 | IQVIA HLDGS INC | IQV | 3,767 | $767,677 | 0.01% |
| 141 | PTC INC | PTC | 3,782 | $765,552 | 0.01% |
| 142 | NETAPP INC | NTAP | 6,446 | $763,851 | 0.01% |
| 143 | VERISIGN INC | VRSN | 2,765 | $760,154 | 0.01% |
| 144 | ATLASSIAN CORPORATION | TEAM | 5,038 | $753,534 | 0.01% |
| 145 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 9,437 | $712,588 | 0.01% |
| 146 | MONGODB INC | MDB | 2,201 | $707,688 | 0.01% |
| 147 | HUBSPOT INC | HUBS | 1,536 | $676,224 | 0.00% |
| 148 | TYLER TECHNOLOGIES INC | TYL | 1,343 | $672,494 | 0.00% |
| 149 | CDW CORP | CDW | 4,205 | $668,553 | 0.00% |
| 150 | ZOOM COMMUNICATIONS INC | ZM | 7,839 | $637,154 | 0.00% |
| 151 | CYBERARK SOFTWARE LTD | M2682V108 | 1,285 | $629,868 | 0.00% |
| 152 | ON SEMICONDUCTOR CORP | ON | 13,008 | $628,937 | 0.00% |
| 153 | HUMANA INC | HUM | 2,488 | $613,964 | 0.00% |
| 154 | GARTNER INC | IT | 2,426 | $608,926 | 0.00% |
| 155 | GODADDY INC | GDDY | 4,438 | $586,615 | 0.00% |
| 156 | CGI INC | GIB | 6,411 | $576,431 | 0.00% |
| 157 | METTLER TOLEDO INTERNATIONAL | MTD | 441 | $568,811 | 0.00% |
| 158 | DEXCOM INC | DXCM | 8,281 | $547,208 | 0.00% |
| 159 | TWILIO INC | TWLO | 4,803 | $493,268 | 0.00% |
| 160 | STERIS PLC | STE | 2,038 | $491,769 | 0.00% |
| 161 | GEN DIGITAL INC | GENVR | 17,439 | $490,385 | 0.00% |
| 162 | ZEBRA TECHNOLOGIES CORPORATI | ZBRA | 1,624 | $473,867 | 0.00% |
| 163 | TEVA PHARMACEUTICAL INDS LTD | 881624209 | 23,412 | $469,645 | 0.00% |
| 164 | BIOGEN INC | BIIB | 3,010 | $464,202 | 0.00% |
| 165 | INSULET CORP | PODD | 1,449 | $443,365 | 0.00% |
| 166 | DOCUSIGN INC | DOCU | 6,389 | $440,649 | 0.00% |
| 167 | QUEST DIAGNOSTICS INC | DGX | 2,300 | $418,761 | 0.00% |
| 168 | ZIMMER BIOMET HOLDINGS INC | ZBH | 4,209 | $416,228 | 0.00% |
| 169 | WEST PHARMACEUTICAL SVSC INC | 955306105 | 1,499 | $406,859 | 0.00% |
| 170 | WATERS CORP | 941848103 | 1,227 | $392,407 | 0.00% |
| 171 | CENTENE CORP DEL | CNC | 10,871 | $388,530 | 0.00% |
| 172 | UNITED THERAPEUTICS CORP DEL | UTHR | 873 | $382,531 | 0.00% |
| 173 | ILLUMINA INC | ILMN | 3,284 | $335,822 | 0.00% |
| 174 | HOLOGIC INC | HOLX | 4,800 | $321,792 | 0.00% |
| 175 | INCYTE CORP | INCY | 3,383 | $293,306 | 0.00% |
| 176 | NEUROCRINE BIOSCIENCES INC | NBIX | 2,087 | $285,919 | 0.00% |
| 177 | ROYALTY PHARMA PLC | RPRX | 7,872 | $285,911 | 0.00% |
| 178 | MICROCHIP TECHNOLOGY INC. | MCHPP | 4,301 | $275,737 | 0.00% |
| 179 | SAMSARA INC | IOT | 6,877 | $262,220 | 0.00% |
| 180 | BAXTER INTL INC | 071813109 | 10,543 | $246,284 | 0.00% |
| 181 | REVVITY INC | RVTY | 2,549 | $233,896 | 0.00% |
| 182 | MOLINA HEALTHCARE INC | MOH | 1,211 | $233,469 | 0.00% |
| 183 | SOLVENTUM CORP | SOLV | 3,034 | $221,603 | 0.00% |
| 184 | BIOMARIN PHARMACEUTICAL INC | BMRN | 3,934 | $215,819 | 0.00% |