APG Asset Management US Inc.

CIK 0001323255 · Q2 2026

13F Equity AUM

$14.3B

+9.9% QoQ

Positions

+2 QoQ

AUM Rank

#419

Top 5%

Skill Alpha (FF)

-4.1%/yr^ns

No Clear Edge

Rank #7,398 · Top 89%

vs S&P -7.7%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 50.0%Top 10: 69.4%Top 20: 90.5%

PLD18.5%

FQI10.7%

EQIX8.5%

VEN7.1%

EQR5.2%

PSA4.8%

HYG4.0%

O3.9%

BXP3.4%

INVH3.4%

Others (51)30.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Real Estate95.3%

Financial Services4.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 61Median: 0.25%Avg: 1.64%

0–0.5%

37(6.5%)

0.5–1%

3(1.7%)

1–3%

10(19.4%)

3–5%

6(22.5%)

5%+

5(50.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 61vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New2Increased14Decreased6Exited0

New Positions

EGP0.2%

+128K

EPR0.1%

+200K

Increased

HYG4.0%

+969K(+16%)

LQD0.6%

+88K(+13%)

SBC0.1%

+42K(+7%)

AHR0.2%

+32K(+8%)

VNO0.2%

+24K(+4%)

CUBE0.2%

+18K(+3%)

BXP3.4%

+18K(+0%)

EXR2.8%

+13K(+0%)

CUZ1.6%

+12K(+0%)

SPG1.4%

+12K(+1%)

Decreased

KIM2.6%

-40,235(-0%)

O3.9%

-16,111(-0%)

BRX0.2%

-11,917(-1%)

VICI0.5%

-10,975(-0%)

REG1.4%

-10,395(-0%)

FRT0.2%

-3,435(-1%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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