APG Asset Management US Inc.

$13.0B reported 13(f) long value · latest quarter 2026-03-31 · CIK 1323255 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $13.0B
ALL retained default holdings for this (filer, period), including NULL-value ones: 59
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 16
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 14

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:16195` · issuer key `iss:1493` COM	TRIM	+$62.2M	−369,417	$2.5B	$2.6B	19,656,247	19,286,830
position key `pos:11472` · issuer key `iss:581` COM	ADD	+$222M	+1,949	$1.3B	$1.6B	8,617,744	8,619,693
position key `pos:11633` · issuer key `iss:673` COM	TRIM	+$268M	−9,018	$922M	$1.2B	1,203,383	1,194,365
position key `pos:15861` · issuer key `iss:1896` COM	TRIM	+$18.1M	−443,628	$910M	$928M	11,758,485	11,314,857
position key `pos:11676` · issuer key `iss:679` SH BEN INT	TRIM	−$68.7M	−489,535	$715M	$647M	11,346,098	10,856,563
position key `pos:13167` · issuer key `iss:1501` COM	TRIM	+$5.8M	−112,726	$573M	$579M	2,207,675	2,094,949
position key `pos:12216` · issuer key `iss:1531` COM	ADD	+$54.2M	+88,412	$499M	$553M	8,849,060	8,937,472
position key `pos:12764` · issuer key `iss:1013` IBOXX HI YD ETF	ADD	+$37.7M	+564,838	$454M	$492M	5,632,436	6,197,274
position key `pos:16201` · issuer key `iss:1002` COM	TRIM	−$64.1M	−616,419	$461M	$397M	16,591,683	15,975,264
position key `pos:12698` · issuer key `iss:1230` COM	ADD	−$34.7M	+114,201	$413M	$379M	2,975,511	3,089,712
position key `pos:17718` · issuer key `iss:306` COM	TRIM	−$131M	−188,932	$499M	$368M	7,401,513	7,212,581
position key `pos:14664` · issuer key `iss:709` COM	ADD	+$25.6M	+149,121	$337M	$362M	2,586,331	2,735,452
position key `pos:11177` · issuer key `iss:1956` COM	ADD	+$28.9M	+35,076	$308M	$337M	1,657,317	1,692,393
position key `pos:11071` · issuer key `iss:1059` COM	ADD	+$75.8M	+2,147,042	$256M	$332M	12,648,074	14,795,116
position key `pos:14090` · issuer key `iss:70` COM	ADD	−$25.3M	+288,205	$328M	$302M	6,693,105	6,981,310
position key `pos:13815` · issuer key `iss:1536` COM	ADD	+$58.5M	+580,399	$140M	$198M	2,023,988	2,604,387
position key `pos:11953` · issuer key `iss:892` CL A COM	TRIM	−$34.6M	−2,167,777	$210M	$175M	12,391,772	10,223,995
position key `pos:16708` · issuer key `iss:1661` COM	ADD	+$44.3M	+225,045	$121M	$166M	655,596	880,641
position key `pos:13792` · issuer key `iss:530` COM NEW	TRIM	−$27.8M	−84,213	$191M	$163M	7,395,125	7,310,912
position key `pos:14839` · issuer key `iss:117` COM	ADD	−$12.1M	+684,581	$156M	$144M	12,139,704	12,824,285
position key `pos:18062` · issuer key `iss:1056` COM	ADD	−$28.5M	+405,155	$160M	$132M	4,287,628	4,692,783
position key `pos:12652` · issuer key `iss:1914` COM	TRIM	−$13.4M	−410,625	$91.9M	$78.5M	3,269,161	2,858,536
position key `pos:14841` · issuer key `iss:1012` IBOXX INV CP ETF	TRIM	−$315M	−2,847,821	$391M	$75.9M	3,546,714	698,893
position key `pos:11063` · issuer key `iss:1009` COM	ADD	+$22.8M	+121,738	$48.3M	$71.1M	582,174	703,912
position key `pos:10931` · issuer key `iss:198` COM	ADD	+$45.1M	+280,969	$13.7M	$58.8M	75,573	356,542
position key `pos:12810` · issuer key `iss:920` COM	NEW	+$46.2M	+2,419,699	$0	$46.2M	—	2,419,699
position key `pos:15963` · issuer key `iss:1936` COM	TRIM	−$16.1M	−295,660	$56.4M	$40.2M	875,667	580,007
position key `pos:16126` · issuer key `iss:1728` COM	ADD	+$1.4M	+2,964	$37.7M	$39.1M	304,084	307,048
position key `pos:16599` · issuer key `iss:689` COM	TRIM	−$16.6M	−52,268	$55.5M	$38.8M	212,048	159,780
position key `pos:17692` · issuer key `iss:1359` COM	ADD	+$16.9M	+381,961	$15.3M	$32.2M	344,468	726,429
position key `pos:10944` · issuer key `iss:800` COM	NEW	+$32.2M	+726,550	$0	$32.2M	—	726,550
position key `pos:11857` · issuer key `iss:678` COM	NEW	+$30.5M	+481,719	$0	$30.5M	—	481,719
position key `pos:18158` · issuer key `iss:725` SH BEN INT NEW	TRIM	−$2.7M	−41,221	$31.7M	$29.0M	314,532	273,311
position key `pos:10761` · issuer key `iss:1839` COM	TRIM	−$32.0M	−817,216	$60.4M	$28.4M	1,645,459	828,243
position key `pos:14686` · issuer key `iss:321` COM	TRIM	−$14.1M	−635,861	$42.3M	$28.2M	1,614,051	978,190
position key `pos:15100` · issuer key `iss:894` COM	TRIM	−$4.6M	−315,673	$31.8M	$27.3M	1,980,187	1,664,514
position key `pos:14024` · issuer key `iss:380` SH BEN INT	NEW	+$26.0M	+264,633	$0	$26.0M	—	264,633
position key `pos:10255` · issuer key `iss:106` CL A	NEW	+$23.1M	+820,421	$0	$23.1M	—	820,421
position key `pos:15912` · issuer key `iss:56` COM	TRIM	+$1.1M	−80	$21.8M	$23.0M	302,697	302,617
position key `pos:14615` · issuer key `iss:1278` COM	NEW	+$21.2M	+500,350	$0	$21.2M	—	500,350
position key `pos:15496` · issuer key `iss:394` COM	NEW	+$20.3M	+547,906	$0	$20.3M	—	547,906
position key `pos:10950` · issuer key `iss:1588` COM	TRIM	−$1.5M	−11,002	$21.5M	$19.9M	226,742	215,740
position key `pos:11377` · issuer key `iss:542` COM	NEW	+$19.9M	+543,544	$0	$19.9M	—	543,544
position key `pos:14927` · issuer key `iss:854` COM SHS	ADD	+$5.8M	+119,225	$13.8M	$19.6M	292,952	412,177
position key `pos:11800` · issuer key `iss:1554` COM	ADD	+$5.0M	+213,997	$13.6M	$18.5M	350,557	564,554
position key `pos:18211` · issuer key `iss:742` COM	ADD	+$10.6M	+177,350	$7.6M	$18.2M	132,600	309,950
position key `pos:10738` · issuer key `iss:1064` COM NEW	NEW	+$16.9M	+691,850	$0	$16.9M	—	691,850
position key `pos:12250` · issuer key `iss:1708` COM	NEW	+$16.4M	+452,071	$0	$16.4M	—	452,071
position key `pos:12924` · issuer key `iss:687` COM	TRIM	−$10.0M	−353,372	$26.1M	$16.2M	881,079	527,707
position key `pos:16069` · issuer key `iss:1931` SH BEN INT	TRIM	−$17.2M	−374,563	$32.7M	$15.6M	983,787	609,224
position key `pos:13732` · issuer key `iss:1785` COM	NEW	+$15.1M	+245,177	$0	$15.1M	—	245,177
position key `pos:12050` · issuer key `iss:1609` COM	TRIM	−$45.4M	−2,412,579	$56.7M	$11.3M	2,992,091	579,512
position key `pos:13006` · issuer key `iss:1596` COM	ADD	+$1.8M	+89,433	$7.2M	$9.0M	156,256	245,689
position key `sid:sec:prov:3040396390f5aba132789f44fc59c639` · issuer key `cusip6:45378A` COM	NEW	+$8.9M	+598,765	$0	$8.9M	—	598,765
position key `pos:15534` · issuer key `iss:1411` COM	NEW	+$7.2M	+692,908	$0	$7.2M	—	692,908
position key `pos:14343` · issuer key `iss:1279` COM SHS BEN IN	NEW	+$6.5M	+169,064	$0	$6.5M	—	169,064
position key `pos:13466` · issuer key `iss:1209` COM	NEW	+$5.7M	+1,228,345	$0	$5.7M	—	1,228,345
position key `pos:16345` · issuer key `iss:1128` COM	NEW	+$5.6M	+169,598	$0	$5.6M	—	169,598
pos:11502	EXIT‡e	−$14.3M	−287,278	$14.3M	$0	287,278	—
pos:11573	EXIT‡e	−$18.3M	−789,832	$18.3M	$0	789,832	—
pos:12741	EXIT‡e	−$16.9M	−956,127	$16.9M	$0	956,127	—
pos:12831	EXIT‡e	−$5.6M	−494,211	$5.6M	$0	494,211	—
pos:14812	EXIT‡e	−$5.5M	−388,747	$5.5M	$0	388,747	—
pos:15176	EXIT‡e	−$9.1M	−293,366	$9.1M	$0	293,366	—
pos:15591	EXIT‡e	−$29.6M	−887,091	$29.6M	$0	887,091	—
pos:16119	EXIT‡e	−$14.3M	−694,831	$14.3M	$0	694,831	—
pos:16213	EXIT‡e	−$8.5M	−460,001	$8.5M	$0	460,001	—
pos:16395	EXIT‡e	−$10.3M	−556,272	$10.3M	$0	556,272	—
sid:sec:prov:2124d57da9edad4b09a85fee361240d5	EXIT‡e	−$14.9M	−250,000	$14.9M	$0	250,000	—
sid:sec:prov:2df13ea4c43a1bc8ae02846fccbaf1f7	EXIT‡e	−$10.8M	−679,926	$10.8M	$0	679,926	—
sid:sec:prov:78c2ef168a57104bcc485bfd1ed70cac	EXIT‡e	−$17.1M	−892,720	$17.1M	$0	892,720	—
sid:sec:prov:ba7efbc0ed5e983400b3832548388fe0	EXIT‡e	−$10.4M	−696,155	$10.4M	$0	696,155	—

Flags: no row carries a flag.

1–20 of the 72 changes on this page

Mark-to-market only (no share change) · 1

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `sid:sec:prov:b5da1899e91159f39d606484b3813f7c` · issuer key `cusip6:46138G` SR LN ETF	NO CHANGE	−$264K	0	$10.1M	$9.8M	480,000	480,000

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–59 of 59 positions · $13.0B disclosed value over 59 rows · 0 undisclosed-value rows

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This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

Positions APG Asset Management US Inc. reported for the quarter ended 2026-03-31, as that filer reported them
This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.	a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing	value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0	Shares	Wt
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	PROLOGIS INC. · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$2.6B	19,286,830	19.8%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	DIGITAL RLTY TR INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$1.6B	8,619,693	12.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	EQUINIX INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$1.2B	1,194,365	9.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	VENTAS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$928M	11,314,857	7.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	EQUITY RESIDENTIAL · SH BEN INT CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$647M	10,856,563	5.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	PUBLIC STORAGE OPER CO · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$579M	2,094,949	4.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	REALTY INCOME CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$553M	8,937,472	4.3%
—	ISHARES TR · IBOXX HI YD ETF CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗ ticker not yet mapped	$492M	6,197,274	3.8%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	INVITATION HOMES INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$397M	15,975,264	3.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	MID-AMER APT CMNTYS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$379M	3,089,712	2.9%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	BXP INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$368M	7,212,581	2.8%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	EXTRA SPACE STORAGE INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$362M	2,735,452	2.8%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	WELLTOWER INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$337M	1,692,393	2.6%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	KIMCO REALTY CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$332M	14,795,116	2.6%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	ALEXANDRIA REAL ESTATE EQ IN · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$302M	6,981,310	2.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	REGENCY CTRS CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$198M	2,604,387	1.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	HEALTHCARE RLTY TR · CL A COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$175M	10,223,995	1.4%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	SIMON PPTY GROUP INC NEW · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$166M	880,641	1.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	COUSINS PPTYS INC · COM NEW CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$163M	7,310,912	1.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	AMERICOLD REALTY TRUST INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$144M	12,824,285	1.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	KILROY REALTY CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$132M	4,692,783	1.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	VICI PPTYS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$78.5M	2,858,536	0.6%
—	ISHARES TR · IBOXX INV CP ETF CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗ ticker not yet mapped	$75.9M	698,893	0.6%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	IRON MTN INC DEL · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$71.1M	703,912	0.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	AVALONBAY CMNTYS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$58.8M	356,542	0.5%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	HOST HOTELS & RESORTS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$46.2M	2,419,699	0.4%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	WP CAREY INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$40.2M	580,007	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	SUN CMNTYS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$39.1M	307,048	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	ESSEX PPTY TR INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$38.8M	159,780	0.3%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	OMEGA HEALTHCARE INVS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$32.2M	726,429	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	GAMING & LEISURE P · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$32.2M	726,550	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	EQUITY LIFESTYLE PROPERTIES · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$30.5M	481,719	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	FEDERAL RLTY INVT TR NEW · SH BEN INT NEW CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$29.0M	273,311	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	UDR INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$28.4M	828,243	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	BRIXMOR PPTY GROUP INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$28.2M	978,190	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	HEALTHPEAK PROPERTIES INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$27.3M	1,664,514	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	CAMDEN PPTY TR · SH BEN INT CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$26.0M	264,633	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	AMERICAN HOMES 4 RENT · CL A CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$23.1M	820,421	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	AGREE RLTY CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$23.0M	302,617	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	NNN REIT INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$21.2M	500,350	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	CARETRUST REIT INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$20.3M	547,906	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	RYMAN HOSPITALITY PPTYS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$19.9M	215,740	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	CUBESMART · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$19.9M	543,544	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	AMERICAN HEALTHCARE REIT INC · COM SHS CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$19.6M	412,177	0.2%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	REXFORD INDL RLTY INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$18.5M	564,554	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	FIRST INDL RLTY TR INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$18.2M	309,950	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	KITE REALTY GROUP TRUST · COM NEW CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$16.9M	691,850	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	STAG INDUSTRIAL INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$16.4M	452,071	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	ESSENTIAL PPTYS RLTY TR INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$16.2M	527,707	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	VORNADO RLTY TR · SH BEN INT CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$15.6M	609,224	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	TERRENO RLTY CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$15.1M	245,177	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	SABRA HEALTH CARE REIT INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$11.3M	579,512	0.1%
—	INVESCO EXCH TRADED FD TR II · SR LN ETF CUSIP 46138G508 quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗ ticker not yet mapped	$9.8M	480,000	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	SL GREEN RLTY CORP · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$9.0M	245,689	0.1%
—	INDEPENDENCE RLTY TR INC · COM CUSIP 45378A106 quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗ ticker not yet mapped	$8.9M	598,765	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	PARK HOTELS & RESORTS INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$7.2M	692,908	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	NATIONAL STORAGE AFFILIATES · COM SHS BEN IN CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$6.5M	169,064	0.1%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	MEDICAL PROPERTIES TRUST INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$5.7M	1,228,345	0.0%
verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)	LINEAGE INC · COM CUSIP — quarter ended 2026-03-31 filed filed 2026-05-13 +43d src ↗	$5.6M	169,598	0.0%

1–20 of 59 positions

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 94.4%above median 80.0%
Concentration index: 812 bpsabove median 446 bps
Positions with value: 59 / 59median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 94.4% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 812 · QoQ moves: 73

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open APG Asset Management US Inc.'s 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).