APG Asset Management portfolio

What changed this quarter

526 positions with a change (17 new, 402 added to, 71 trimmed, 36 sold); also, 1 exited through an acquisition or merger. 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Micron Technology+92%more sharesIncreased
  0.7% → 3.6%
• Apple+25%more sharesIncreased
  4.1% → 4.6%
• Advanced Micro Devices+70%more sharesIncreased
  0.5% → 2.0%
• Intel+63%more sharesIncreased
  0.4% → 1.4%
• West Pharmaceutical Services−56%fewer sharesReduced
  0.9% → 0.4%
• Sandisk+0.5 ppof portfolioNew
  — → 0.5%
• Cadence Design Systems−45%fewer sharesReduced
  1.1% → 0.6%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA4.7%
• AppleAAPL4.6%
• MicrosoftMSFT4.4%
• BroadcomAVGO4.0%
• Amazon.comAMZN3.7%
• Micron TechnologyMU3.6%
• Eli LillyLLY3.1%
• JPMorgan ChaseJPM2.5%
• Advanced Micro DevicesAMD2.0%
• IntelINTC1.4%
• MastercardMA1.4%
• Berkshire HathawayBRK/B1.4%
• Costco WholesaleCOST1.3%
• VisaV1.2%
• WalmartWMT1.1%
• Applied MaterialsAMAT1.1%
• Lam ResearchLRCX1.0%
• Cisco SystemsCSCO0.9%
• AbbVieABBV0.9%
• CorningGLW0.8%
• Arista NetworksANET0.8%
• KLAKLAC0.8%
• GE AerospaceGE0.8%
• Bank of AmericaBAC0.7%
• TJXTJX0.7%
• UnitedHealth GroupUNH0.7%
• Home DepotHD0.7%
• Procter & GamblePG0.7%
• Thermo Fisher ScientificTMO0.7%
• Cadence Design SystemsCDNS0.6%
• MerckMRK0.6%
• Coca-ColaKO0.6%
• NetflixNFLX0.6%
• ProgressivePGR0.6%
• Goldman Sachs GroupGS0.5%
• Spotify TechnologySPOT0.5%
• Royal Bank of CanadaRY0.5%
• SandiskSNDK0.5%
• Fifth Third BancorpFITB0.5%
• LindeLIN0.5%
• Palo Alto NetworksPANW0.5%
• Texas InstrumentsTXN0.5%
• StrykerSYK0.5%
• Morgan StanleyMS0.5%
• AmphenolAPH0.5%
• OracleORCL0.5%
• Intuitive SurgicalISRG0.5%
• Wells FargoWFC0.4%
• CitigroupC0.4%
• West Pharmaceutical ServicesWST0.4%
• Moody'sMCO0.4%
• Marvell TechnologyMRVL0.4%
• Ferguson EnterprisesFERG0.4%
• AmgenAMGN0.4%
• Seagate Technology HoldingsSTX0.4%
• PepsicoPEP0.4%
• Western DigitalWDC0.4%
• Howmet AerospaceHWM0.3%
• Verizon CommunicationsVZ0.3%
• Republic ServicesRSG0.3%
• CrowdStrike HoldingsCRWD0.3%
• Nextera EnergyNEE0.3%
• QualcommQCOM0.3%
• Gilead SciencesGILD0.3%
• American ExpressAXP0.3%
• Analog DevicesADI0.3%
• McDONALD’SMCD0.3%
• Ingersoll RandIR0.3%
• EatonETN0.3%
• DeereDE0.3%
• Walt DisneyDIS0.3%
• Union PacificUNP0.3%
• Charles SchwabSCHW0.3%
• Tyler TechnologiesTYL0.3%
• LPL Financial HoldingsLPLA0.3%
• WelltowerWELL0.3%
• BlackRockBLK0.3%
• At&tT0.3%
• UBER TechnologiesUBER0.3%
• Dell TechnologiesDELL0.3%
• Vertex PharmaceuticalsVRTX0.3%
• Abbott LaboratoriesABT0.2%
• ChubbCB0.2%
• AppLovinAPP0.2%
• MSA SafetyMSA0.2%
• Vertiv HoldingsVRT0.2%
• ShopifySHOP0.2%
• SalesforceCRM0.2%
• PrologisPLD0.2%
• Capital One FinancialCOF0.2%
• PfizerPFE0.2%
• Parker-hannifinPH0.2%
• McKESSONMCK0.2%
• Arthur J. GallagherAJG0.2%
• Bristol-myers SquibbBMY0.2%
• DanaherDHR0.2%
• CVS HealthCVS0.2%
• Lowe'sLOW0.2%
• Colgate-palmoliveCL0.2%
• DatadogDDOG0.2%