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Livermore
Livermore
ZHEN

APG Asset Management N.V.

SEC CIK
0001434819
Latest filing
Aug 12, 2026

The latest 13F from APG Asset Management N.V. covers Q2 2026 (filed Aug 12, 2026): 493 long positions worth $40.7B. The top 10 holdings make up 34.1% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 4.7%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
18
Est. +$454.7M
Added
401
Est. +$7.43B
Reduced
73
Est. −$3.33B
Sold out
38
Est. −$202.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    4.7%$1.92BHistory
  2. AAPLApple Inc.
    4.6%$1.87BHistory
  3. MSFTMicrosoft Corp
    4.4%$1.80BHistory
  4. AVGOBroadcom Inc.
    4.0%$1.63BHistory
  5. AMZNAmazon Com Inc
    3.7%$1.52BHistory

Share of portfolio

Top 5 holdings and the other 488 positions, by share of portfolio value

  1. NVDA4.7%
  2. AAPL4.6%
  3. MSFT4.4%
  4. AVGO4.0%
  5. AMZN3.7%
  6. Other 488 positions78.5%

Biggest buys

New and added positions, by estimated amount bought

  1. MUMicron Technology Inc
    +$700.8MAddedHistory
  2. AAPLApple Inc.
    +$375.9MAddedHistory
  3. AMDAdvanced Micro Devices Inc
    +$335.1MAddedHistory
  4. INTCIntel Corp
    +$223.0MAddedHistory
  5. SNDKSandisk Corp
    +$209.7MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MUMicron Technology Inc
    +2.89 pp0.7% → 3.6%History
  2. AMDAdvanced Micro Devices Inc
    +1.48 pp0.5% → 2.0%History
  3. INTCIntel Corp
    +1.06 pp0.4% → 1.4%History
  4. AMATApplied Materials Inc
    +0.60 pp0.5% → 1.1%History
  5. GLWCorning Inc
    +0.57 pp0.3% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. WSTWest Pharmaceutical Services Inc
    −$221.9MReducedHistory
  2. CDNSCadence Design Systems Inc
    −$208.0MReducedHistory
  3. JKHYJack Henry & Associates Inc
    −$182.2MReducedHistory
  4. FERGFerguson Enterprises Inc.
    −$171.4MReducedHistory
  5. AVGOBroadcom Inc.
    −$170.0MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MSFTMicrosoft Corp
    −1.33 pp5.8% → 4.4%History
  2. NVDANVIDIA Corp
    −0.96 pp5.7% → 4.7%History
  3. COSTCostco Wholesale Corp
    −0.78 pp2.1% → 1.3%History
  4. JKHYJack Henry & Associates Inc
    −0.66 pp0.7% → <0.1%History
  5. FERGFerguson Enterprises Inc.
    −0.63 pp1.0% → 0.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$40.7B
+$9.15B (+29.0%) vs. prior quarter
Positions
493
−20 vs. prior quarter
Top 10 concentration
34.1%
Top 10 as share of value
Turnover
9.8%
Q2 2026, one quarter
Average holding period
18.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $58.9B (Q2 2021)

Q1 2021: $58.6BQ2 2021: $58.9BQ3 2021: $56.3BQ4 2021: $58.9BQ1 2022: $52.9BQ2 2022: $42.7BQ3 2022: $38.8BQ4 2022: $52.6BQ1 2023: $47.1BQ2 2023: $49.6BQ3 2023: $48.9BQ4 2023: $51.3BQ1 2024: $57.1BQ2 2024: $56.1BQ3 2024: $15.1BQ4 2024: $35.9BQ1 2025: $32.2BQ2 2025: $33.8BQ3 2025: $35.6BQ4 2025: $35.2BQ1 2026: $31.6BQ2 2026: $40.7B
Q1 2021Q2 2026
13F filings of APG Asset Management N.V. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 2026493$40.7BNVDAAAPLMSFTvs. Q1 2026SEC
Q1 2026May 13, 2026513$31.6BMSFTNVDAAVGOvs. Q4 2025SEC
Q4 2025Feb 12, 2026540$35.2BNVDAMSFTAAPLvs. Q3 2025SEC
Q3 2025Nov 12, 2025528$35.6BNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Aug 12, 2025539$33.8BMSFTNVDAAAPLvs. Q1 2025SEC
Q1 2025May 14, 2025548$32.2BAAPLMSFTNVDAvs. Q4 2024SEC
Q4 2024Feb 13, 2025548$35.9BAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Nov 14, 2024407$15.1BFERGROLZBRAvs. Q2 2024SEC
Q2 2024Aug 14, 2024650$56.1BMSFTAAPLNVDAvs. Q1 2024SEC
Q1 2024May 14, 2024716$57.1BMSFTAAPLAMZNvs. Q4 2023SEC
Q4 2023Feb 13, 2024717$51.3BAAPLMSFTAMZNvs. Q3 2023SEC
Q3 2023Nov 14, 2023735$48.9BAAPLMSFTAMZNvs. Q2 2023SEC
Q2 2023Aug 14, 2023724$49.6BAAPLMSFTAMZNvs. Q1 2023SEC
Q1 2023May 12, 2023750$47.1BAAPLMSFTAMZNvs. Q4 2022SEC
Q4 2022Feb 14, 2023786$52.6BAAPLMSFTAMZNvs. Q3 2022SEC
Q3 2022Nov 14, 2022834$38.8BAAPLMSFTAMZNvs. Q2 2022SEC
Q2 2022Aug 12, 2022868$42.7BAAPLMSFTAMZNvs. Q1 2022SEC
Q1 2022May 12, 2022914$52.9BAAPLAMZNMSFTvs. Q4 2021SEC
Q4 2021Feb 11, 2022918$58.9BAAPLAMZNMSFTvs. Q3 2021SEC
Q3 2021Nov 15, 2021Amended900$56.3BAMZNAAPLMSFTvs. Q2 2021SEC
Q2 2021Aug 13, 2021900$58.9BAMZNAAPLMSFTvs. Q1 2021SEC
Q1 2021May 14, 2021922$58.6BAMZNAAPLMSFT–SEC

13D and 13G filings

Companies where APG Asset Management N.V. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

APG Asset Management N.V. does not currently report owning 5% or more of any company.

Latest filings

10 filings on file made by APG Asset Management N.V. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by APG Asset Management N.V.
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
WDFCWD 40 CoMay 14, 20254:35 PM ETAPG Asset Management US Inc.and 3 others13G/A2.40%324.0K shares−5.10 ppfrom 7.50%Below 5%Mar 31, 2025SEC
BCPCBalchem CorpMay 14, 20254:34 PM ETAPG Asset Management US Inc.and 3 others13G/A3.70%1.20M shares−2.40 ppfrom 6.10%Below 5%Mar 31, 2025SEC
COLDAmericold Realty TrustMay 14, 20254:33 PM ETAPG Asset Management US Inc.and 3 others13G/A4.80%13.5M shares–Below 5%Mar 31, 2025SEC
CUZCousins Properties IncFeb 13, 20254:31 PM ETAPG Asset Management US Inc.and 3 others13G4.70%7.85M shares–Below 5%Dec 31, 2024SEC
BCPCBalchem CorpFeb 13, 20254:24 PM ETAPG Asset Management US Inc.and 3 others13G/A6.10%1.99M shares–Dec 31, 2024SEC
JKHYJack Henry & Associates IncFeb 13, 20254:19 PM ETAPG Asset Management US Inc.and 3 others13G3.30%2.42M shares–Below 5%Dec 31, 2024SEC
WDFCWD 40 CoFeb 13, 20254:14 PM ETAPG Asset Management US Inc.and 3 others13G/A7.50%1.02M shares–Jan 31, 2025SEC
MSAMSA Safety IncJan 7, 20252:50 PM ETAPG Asset Management US Inc.and 3 others13G4.80%1.88M shares–Below 5%Dec 31, 2024SEC
Chindata Group Holdings LtdDec 20, 2023APG Asset Management N.V.13D/AOld format–––SEC
Chindata Group Holdings LtdAug 21, 2023APG Asset Management N.V.13DOld format–New–SEC