13F COMBINATION REPORT
APG Asset Management US Inc.
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001323255-26-000006
Total Value
$12.77B
Positions
57
Other Managers
3
Confidential Omitted
No
Holdings (57)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PROLOGIS INC. | PLDGP | 19,656,247 | $2.51B | 19.65% |
| 2 | DIGITAL RLTY TR INC | 253868103 | 8,617,744 | $1.33B | 10.44% |
| 3 | EQUINIX INC | EQIX | 1,203,383 | $922.0M | 7.22% |
| 4 | VENTAS INC | VTR | 11,758,485 | $909.9M | 7.13% |
| 5 | EQUITY RESIDENTIAL | EQR | 11,346,098 | $715.3M | 5.60% |
| 6 | PUBLIC STORAGE OPER CO | PSA-PS | 2,207,675 | $572.9M | 4.49% |
| 7 | BXP INC | BXP | 7,401,513 | $499.5M | 3.91% |
| 8 | REALTY INCOME CORP | O | 8,849,060 | $498.8M | 3.91% |
| 9 | INVITATION HOMES INC | INVH | 16,591,683 | $461.1M | 3.61% |
| 10 | ISHARES TR | 464288513 | 5,632,436 | $454.1M | 3.56% |
| 11 | MID-AMER APT CMNTYS INC | 59522J103 | 2,975,511 | $413.3M | 3.24% |
| 12 | ISHARES TR | 464287242 | 3,546,714 | $390.8M | 3.06% |
| 13 | EXTRA SPACE STORAGE INC | EXR | 2,586,331 | $336.8M | 2.64% |
| 14 | ALEXANDRIA REAL ESTATE EQ IN | 015271109 | 6,693,105 | $327.6M | 2.57% |
| 15 | WELLTOWER INC | WELL | 1,657,317 | $307.6M | 2.41% |
| 16 | KIMCO RLTY CORP | 49446R109 | 12,648,074 | $256.4M | 2.01% |
| 17 | HEALTHCARE RLTY TR | 42226K105 | 12,391,772 | $210.0M | 1.65% |
| 18 | COUSINS PPTYS INC | 222795502 | 7,395,125 | $190.6M | 1.49% |
| 19 | KILROY RLTY CORP | 49427F108 | 4,287,628 | $160.2M | 1.25% |
| 20 | AMERICOLD REALTY TRUST INC | COLD | 12,139,704 | $156.1M | 1.22% |
| 21 | REGENCY CTRS CORP | 758849103 | 2,023,988 | $139.7M | 1.09% |
| 22 | SIMON PPTY GROUP INC NEW | 828806109 | 655,596 | $121.4M | 0.95% |
| 23 | VICI PPTYS INC | 925652109 | 3,269,161 | $91.9M | 0.72% |
| 24 | UDR INC | UDR | 1,645,459 | $60.4M | 0.47% |
| 25 | SABRA HEALTH CARE REIT INC | SBRA | 2,992,091 | $56.7M | 0.44% |
| 26 | WP CAREY INC | 92936U109 | 875,667 | $56.4M | 0.44% |
| 27 | ESSEX PPTY TR INC | 297178105 | 212,048 | $55.5M | 0.43% |
| 28 | IRON MTN INC DEL | 46284V101 | 582,174 | $48.3M | 0.38% |
| 29 | BRIXMOR PPTY GROUP INC | 11120U105 | 1,614,051 | $42.3M | 0.33% |
| 30 | SUN CMNTYS INC | 866674104 | 304,084 | $37.7M | 0.30% |
| 31 | VORNADO RLTY TR | 929042109 | 983,787 | $32.7M | 0.26% |
| 32 | HEALTHPEAK PROPERTIES INC | DOC | 1,980,187 | $31.8M | 0.25% |
| 33 | FEDERAL RLTY INVT TR NEW | 313745101 | 314,532 | $31.7M | 0.25% |
| 34 | TANGER INC | SKT | 887,091 | $29.6M | 0.23% |
| 35 | ESSENTIAL PPTYS RLTY TR INC | 29670E107 | 881,079 | $26.1M | 0.20% |
| 36 | AGREE RLTY CORP | 008492100 | 302,697 | $21.8M | 0.17% |
| 37 | RYMAN HOSPITALITY PPTYS INC | 78377T107 | 226,742 | $21.5M | 0.17% |
| 38 | CURBLINE PPTYS CORP | 23128Q101 | 789,832 | $18.3M | 0.14% |
| 39 | URBAN EDGE PPTYS | 91704F104 | 892,720 | $17.1M | 0.13% |
| 40 | NETSTREIT CORP | NTST | 956,127 | $16.9M | 0.13% |
| 41 | OMEGA HEALTHCARE INVS INC | 681936100 | 344,468 | $15.3M | 0.12% |
| 42 | GRANITE REAL ESTATE INVT TR | 387437205 | 250,000 | $14.9M | 0.12% |
| 43 | EPR PPTYS | 26884U109 | 287,278 | $14.3M | 0.11% |
| 44 | ACADIA RLTY TR | 004239109 | 694,831 | $14.3M | 0.11% |
| 45 | AMERICAN HEALTHCARE REIT INC | AHR | 292,952 | $13.8M | 0.11% |
| 46 | AVALONBAY CMNTYS INC | AWX | 75,573 | $13.7M | 0.11% |
| 47 | REXFORD INDL RLTY INC | 76169C100 | 350,557 | $13.6M | 0.11% |
| 48 | UMH PPTYS INC | 903002103 | 679,926 | $10.8M | 0.08% |
| 49 | VERIS RESIDENTIAL INC | VRE | 696,155 | $10.4M | 0.08% |
| 50 | MACERICH CO | MAC | 556,272 | $10.3M | 0.08% |
| 51 | INVESCO EXCH TRADED FD TR II | IVZ | 480,000 | $10.1M | 0.08% |
| 52 | SMARTSTOP SELF STORAG REIT I | 83192D402 | 293,366 | $9.1M | 0.07% |
| 53 | CTO RLTY GROWTH INC NEW | 22948Q101 | 460,001 | $8.5M | 0.07% |
| 54 | FIRST INDL RLTY TR INC | 32054K103 | 132,600 | $7.6M | 0.06% |
| 55 | SL GREEN RLTY CORP | 78440X887 | 156,256 | $7.2M | 0.06% |
| 56 | PEBBLEBROOK HOTEL TR | PEB-PH | 494,211 | $5.6M | 0.04% |
| 57 | XENIA HOTELS & RESORTS INC | XHR | 388,747 | $5.5M | 0.04% |