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Institutional Investment Manager
APG Asset Management US Inc.
APG Asset Management US Inc. (CIK: 0001323255) incorporated in Delaware, located at 666 Third Avenue, New York, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 74 holdings with a total value of $12,078,668,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SIMON PROPERTY GROUP 6,436,740 1,259,284,000 10.43%
2 EQUITY RESIDENT 11,535,377 898,145,000 7.44%
3 AVALONBAY COMM 4,900,197 853,859,000 7.07%
4 PUBLIC STORAGE 4,241,667 836,202,000 6.92%
5 PROLOGIS INC 17,214,319 749,855,000 6.21%
6 VORNADO RLTY TR 6,617,665 741,179,000 6.14%
7 VENTAS INC 9,579,906 699,525,000 5.79%
8 HOST HOTELS & RESORTS INC COM 33,191,002 669,794,000 5.55%
9 BOSTON PROPERTIES 4,503,236 632,614,000 5.24%
10 ALEX REAL ESTATE EQ 5,153,295 505,229,000 4.18%
11 BRIXMOR PROPERTY 15,405,322 409,012,000 3.39%
12 KIMCO REALTY 13,049,600 350,381,000 2.90%
13 REGENCY CENTERS 4,803,000 326,796,000 2.71%
14 DIGITAL RLTY TR INC 4,143,396 273,299,000 2.26%
15 TANGER FACTORY OUTLET CTRS I 6,634,129 233,322,000 1.93%
16 POST PPTYS INC COM 3,712,593 211,358,000 1.75%
17 CORPORATE OFFICE 6,596,364 193,801,000 1.60%
18 WELLTOWER INC. 1,722,000 133,214,000 1.10%
19 MACERICH CO 1,447,000 122,026,000 1.01%
20 GENERAL GROWTH PPTYS INC NEW 3,294,500 97,352,000 0.81%
21 HCP INC 2,130,000 92,037,000 0.76%
22 ESSEX PPTY TR INC 365,101 83,937,000 0.69%
23 KILROY RLTY CORP COM 1,066,000 81,197,000 0.67%
24 MID-AM APRTMNT COMM 1,020,500 78,854,000 0.65%
25 FOREST CITY ENTERPRISES A 3,029,100 77,303,000 0.64%
26 EXTRA SPACE STORAGE INC 1,065,000 71,962,000 0.60%
27 SPIRIT RLTY CAP INC NEW 5,788,383 69,924,000 0.58%
28 URBAN EDGE PPTYS COM 2,818,704 66,803,000 0.55%
29 APARTMENT INVT & MGMT CO 1,684,500 66,302,000 0.55%
30 SABRA HEALTH CARE REIT INC 1,842,000 61,062,000 0.51%
31 LASALLE HOTEL PPTYS 1,352,000 52,539,000 0.43%
32 Terreno Realty Corp 2,032,400 46,339,000 0.38%
33 DDR Corp 2,424,000 45,135,000 0.37%
34 AMERICAN CAMPUS CMNTYS INC 997,057 42,744,000 0.35%
35 LIBERTY PROP 1,195,600 42,683,000 0.35%
36 SL GREEN REALTY CORP 328,000 42,109,000 0.35%
37 EQUITY COMWLTH COM SH BEN INT 1,582,700 42,021,000 0.35%
38 DCT Industrial Trust Inc 1,196,000 41,453,000 0.34%
39 SUN COMMUNITIES INC COM 619,373 41,325,000 0.34%
40 HOSPITALITY PPTYS TR 1,250,081 41,240,000 0.34%
41 KITE RLTY GROUP TR COM NEW 1,425,720 40,163,000 0.33%
42 SUNSTONE HOTEL INVESTORS REIT 2,217,731 36,970,000 0.31%
43 DIAMONDROCK HOSPITALITY CO COM 2,545,000 35,961,000 0.30%
44 EQUITY LIFESTYLE PPTYS INC 644,000 35,388,000 0.29%
45 HILTON WORLDWIDE HLDGS INC 1,146,600 33,962,000 0.28%
46 ACADIA RLTY TR COM SH BEN INT 919,101 32,058,000 0.27%
47 TAUBMAN CENTERS 394,000 30,389,000 0.25%
48 NATIONAL RETAIL PROP 737,000 30,195,000 0.25%
49 HEALTHCARE TR AMER INC 1,037,000 28,891,000 0.24%
50 WASHINGTON REAL ESTATE INVT 1,034,000 28,569,000 0.24%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001323255-15-000010, filed 2015.05.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.