APG Asset Management US Inc.

Portfolio Overview

APG Asset Management US Inc. disclosed 59 positions worth $13.0B in its Form 13F-HR for Q1 2026, led by $PLD (Prologis, Inc.) at 19.8% of the equity portfolio, followed by $DLR and $EQIX. During the quarter the fund opened 16 new positions and exited 14 — including a new stake in $HST and a full exit from $SKT. The portfolio is most concentrated in Real Estate (95.5% of disclosed assets). All figures are sourced directly from APG Asset Management US Inc.’s Form 13F-HR filing with the SEC under CIK 1323255.

• 

  Prologis, Inc.

  $PLD

  67.5#463

  Quality

  $2.6B19,286,830 sh
• 

  DIGITAL REALTY TRUST, INC.

  $DLR

  70.2#322

  Quality

  $1.6B8,619,693 sh
• 

  EQUINIX INC

  $EQIX

  61.4#809

  Quality

  $1.2B1,194,365 sh
• 

  Ventas, Inc.

  $VTR

  70.3

  Quality

  $927.9M11,314,857 sh
• 

  EQUITY RESIDENTIAL

  $EQR

  —

  Quality

  $646.5M10,856,563 sh
• 

  Public Storage

  $PSA

  73.9

  Quality

  $578.7M2,094,949 sh
• 

  REALTY INCOME CORP

  $O

  74.6

  Quality

  $553.1M8,937,472 sh

• ISHARES TR

  —

  Quality

  $491.9M6,197,274 sh
• 

  Invitation Homes Inc.

  $INVH

  59.7

  Quality

  $397.0M15,975,264 sh
• 

  MID AMERICA APARTMENT COMMUNITIES INC.

  $MAA

  63.7

  Quality

  $378.6M3,089,712 sh

Company	Quality	Value	Shares
Prologis, Inc.$PLD	67.5#463	$2.6B	19,286,830
DIGITAL REALTY TRUST, INC.$DLR	70.2#322	$1.6B	8,619,693
EQUINIX INC$EQIX	61.4#809	$1.2B	1,194,365
Ventas, Inc.$VTR	70.3	$927.9M	11,314,857
EQUITY RESIDENTIAL$EQR	—	$646.5M	10,856,563
Public Storage$PSA	73.9	$578.7M	2,094,949
REALTY INCOME CORP$O	74.6	$553.1M	8,937,472
ISHARES TR	—	$491.9M	6,197,274
Invitation Homes Inc.$INVH	59.7	$397.0M	15,975,264
MID AMERICA APARTMENT COMMUNITIES INC.$MAA	63.7	$378.6M	3,089,712

Showing top 10 of 59 holdings.

Full Holdings — APG Asset Management US Inc. (Q1 2026)

All 59 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$PLD	Prologis, Inc.	$2.6B	19.8%	-2%	67.5
2	$DLR	DIGITAL REALTY TRUST, INC.	$1.6B	12.0%	+0%	70.2
3	$EQIX	EQUINIX INC	$1.2B	9.2%	-1%	61.4
4	$VTR	Ventas, Inc.	$927.9M	7.2%	-4%	70.3
5	$EQR	EQUITY RESIDENTIAL	$646.5M	5.0%	-4%	—
6	$PSA	Public Storage	$578.7M	4.5%	-5%	73.9
7	$O	REALTY INCOME CORP	$553.1M	4.3%	+1%	74.6
8	—	ISHARES TR	$491.9M	3.8%	+10%	—
9	$INVH	Invitation Homes Inc.	$397.0M	3.1%	-4%	59.7
10	$MAA	MID AMERICA APARTMENT COMMUNITIES INC.	$378.6M	2.9%	+4%	63.7
11	$BXP	BXP, Inc.	$368.0M	2.8%	-3%	50.9
12	$EXR	Extra Space Storage Inc.	$362.4M	2.8%	+6%	66.7
13	$WELL	WELLTOWER INC.	$336.5M	2.6%	+2%	75.7
14	$KIM	KIMCO REALTY CORP	$332.2M	2.6%	+17%	70.1
15	$ARE	ALEXANDRIA REAL ESTATE EQUITIES, INC.	$302.2M	2.3%	+4%	45.1
16	$REG	REGENCY CENTERS CORP	$198.2M	1.5%	+29%	67.6
17	$HR	Healthcare Realty Trust Inc	$175.4M	1.4%	-17%	44.9
18	$SPG	SIMON PROPERTY GROUP INC.	$165.6M	1.3%	+34%	76.9
19	$CUZ	COUSINS PROPERTIES INC	$162.9M	1.3%	-1%	51.1
20	$COLD	AMERICOLD REALTY TRUST	$144.0M	1.1%	+6%	37.1
21	$KRC	KILROY REALTY CORP	$131.8M	1.0%	+9%	67.8
22	$VICI	VICI PROPERTIES INC.	$78.5M	0.6%	-13%	76.2
23	—	ISHARES TR	$75.9M	0.6%	-80%	—
24	$IRM	IRON MOUNTAIN INC	$71.1M	0.6%	+21%	50.7
25	$AVB	AVALONBAY COMMUNITIES INC	$58.8M	0.5%	+372%	57.5
26	$HST	HOST HOTELS & RESORTS, INC.	$46.2M	0.4%	NEW	72.6
27	$WPC	W. P. Carey Inc.	$40.2M	0.3%	-34%	62.1
28	$SUI	SUN COMMUNITIES INC	$39.1M	0.3%	+1%	44.4
29	$ESS	ESSEX PROPERTY TRUST, INC.	$38.8M	0.3%	-25%	59.3
30	$OHI	OMEGA HEALTHCARE INVESTORS INC	$32.2M	0.3%	+111%	63.2
31	$GLPI	Gaming & Leisure Properties, Inc.	$32.2M	0.3%	NEW	72.4
32	$ELS	EQUITY LIFESTYLE PROPERTIES INC	$30.5M	0.2%	NEW	65.6
33	$FRT	FEDERAL REALTY INVESTMENT TRUST	$29.0M	0.2%	-13%	69.5
34	$UDR	UDR, Inc.	$28.4M	0.2%	-50%	65.2
35	$BRX	Brixmor Property Group Inc.	$28.2M	0.2%	-39%	68.2
36	$DOC	HEALTHPEAK PROPERTIES, INC.	$27.3M	0.2%	-16%	62
37	$CPT	CAMDEN PROPERTY TRUST	$26.0M	0.2%	NEW	69.4
38	$AMH	American Homes 4 Rent	$23.1M	0.2%	NEW	—
39	$ADC	AGREE REALTY CORP	$23.0M	0.2%	-0%	57.4
40	$NNN	NNN REIT, INC.	$21.2M	0.2%	NEW	67.9
41	$CTRE	CareTrust REIT, Inc.	$20.3M	0.2%	NEW	73.4
42	$RHP	Ryman Hospitality Properties, Inc.	$19.9M	0.1%	-5%	64.8
43	$CUBE	CubeSmart	$19.9M	0.1%	NEW	64.7
44	$AHR	American Healthcare REIT, Inc.	$19.6M	0.1%	+41%	63.7
45	$REXR	Rexford Industrial Realty, Inc.	$18.5M	0.1%	+61%	53.8
46	$FR	FIRST INDUSTRIAL REALTY TRUST INC	$18.2M	0.1%	+134%	67.5
47	$KRG	KITE REALTY GROUP TRUST	$16.9M	0.1%	NEW	45.4
48	$STAG	STAG Industrial, Inc.	$16.4M	0.1%	NEW	67.8
49	$EPRT	ESSENTIAL PROPERTIES REALTY TRUST, INC.	$16.2M	0.1%	-40%	70.1
50	$VNO	VORNADO REALTY TRUST	$15.6M	0.1%	-38%	69.1
51	$TRNO	Terreno Realty Corp	$15.1M	0.1%	NEW	75.4
52	$SBRA	Sabra Health Care REIT, Inc.	$11.3M	0.1%	-81%	73.5
53	$IVZ	Invesco Ltd.	$9.8M	0.1%	+0%	—
54	$SLG	SL GREEN REALTY CORP	$9.0M	0.1%	+57%	41.5
55	$IRT	INDEPENDENCE REALTY TRUST, INC.	$8.9M	0.1%	NEW	44.6
56	$PK	Park Hotels & Resorts Inc.	$7.2M	0.1%	NEW	40.3
57	$NSA	National Storage Affiliates Trust	$6.5M	0.1%	NEW	44.8
58	$MPT	MEDICAL PROPERTIES TRUST INC	$5.7M	0.0%	NEW	42
59	$LINE	Lineage, Inc.	$5.6M	0.0%	NEW	37.5