# EDGAR Filing Document

**Accession Number:** 0001323255
**File Stem:** 0001323255-25-000030
**Filing Date:** 2025-11
**Character Count:** 22538
**Document Hash:** ceda8e2e20ead817dc4b8ff47e2e9bff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001323255-25-000030.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001323255-25-000030

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** APG Asset Management US Inc.
- **CENTRAL INDEX KEY:** 0001323255

**ORGANIZATION NAME:**
- **EIN:** 061285941
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11397
- **FILM NUMBER:** 251470051

**BUSINESS ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE
- **STREET 2:** 2ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (917) 368-3500

**MAIL ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE
- **STREET 2:** 2ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** APG Investments US Inc.
- **DATE OF NAME CHANGE:** 20080509

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABP Investments US, Inc.
- **DATE OF NAME CHANGE:** 20050407

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** APG Asset Management US Inc.<br>**Address:** 666 Third Avenue<br>2nd Floor<br>New York, NY 10017

**Form 13F File Number:** 028-11397

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Joseph R. Maresca<br>**Title:** Deputy CCO<br>**Phone:** 732-887-0393

**Signature, Place, and Date of Signing:**

Joseph R. Maresca  New York, NY  11-12-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 3

**Form 13F Information Table Entry Total:** 184

**Form 13F Information Table Value Total:** $13558276696

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                        | Form 13F File Number   |
|:---|:---|:---|
|  | STICHTING PENSIOENFONDS ABP | 028-04817              |
|  | APG Group                   | 028-13073              |
|  | APG Asset Management N.V.   | 028-13074              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 9044015 | 37008 | SH |  | DFND | 123 | 0 | 37008 | 0 |
| ACADIA RLTY TR | COM SH BEN INT | 004239109 |  | 17083138 | 838642 | SH |  | DFND | 123 | 0 | 838642 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 4315860 | 17709 | SH |  | DFND | 123 | 0 | 17709 | 0 |
| ADOBE INC | COM | 00724F101 |  | 3926657 | 11424 | SH |  | DFND | 123 | 0 | 11424 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 6941067 | 42321 | SH |  | DFND | 123 | 0 | 42321 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 822888 | 5938 | SH |  | DFND | 123 | 0 | 5938 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 31222800 | 435343 | SH |  | DFND | 123 | 0 | 435343 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 769709 | 10326 | SH |  | DFND | 123 | 0 | 10326 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 558606543 | 6693105 | SH |  | DFND | 123 | 0 | 6693105 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 12286407 | 292952 | SH |  | DFND | 123 | 0 | 292952 | 0 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 149439756 | 12139704 | SH |  | DFND | 123 | 0 | 12139704 | 0 |
| AMGEN INC | COM | 031162100 |  | 3362603 | 11265 | SH |  | DFND | 123 | 0 | 11265 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 10304396 | 82660 | SH |  | DFND | 123 | 0 | 82660 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 2344407 | 10767 | SH |  | DFND | 123 | 0 | 10767 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 11490954 | 76981 | SH |  | DFND | 123 | 0 | 76981 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 753534 | 5038 | SH |  | DFND | 123 | 0 | 5038 | 0 |
| AUTODESK INC | COM | 052769106 |  | 2136861 | 6768 | SH |  | DFND | 123 | 0 | 6768 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 20256323 | 105849 | SH |  | DFND | 123 | 0 | 105849 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 246284 | 10543 | SH |  | DFND | 123 | 0 | 10543 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1140485 | 5973 | SH |  | DFND | 123 | 0 | 5973 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 464202 | 3010 | SH |  | DFND | 123 | 0 | 3010 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 215819 | 3934 | SH |  | DFND | 123 | 0 | 3934 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 2970967 | 30996 | SH |  | DFND | 123 | 0 | 30996 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1987175 | 41897 | SH |  | DFND | 123 | 0 | 41897 | 0 |
| BRIXMOR PPTY GROUP INC | COM | 11120U105 |  | 38447618 | 1405763 | SH |  | DFND | 123 | 0 | 1405763 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 41142993 | 123408 | SH |  | DFND | 123 | 0 | 123408 | 0 |
| BXP INC | COM | 101121101 |  | 564883472 | 7401513 | SH |  | DFND | 123 | 0 | 7401513 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 2903401 | 8249 | SH |  | DFND | 123 | 0 | 8249 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 789650 | 5000 | SH |  | DFND | 123 | 0 | 5000 | 0 |
| CDW CORP | COM | 12514G108 |  | 668553 | 4205 | SH |  | DFND | 123 | 0 | 4205 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 388530 | 10871 | SH |  | DFND | 123 | 0 | 10871 | 0 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 576431 | 6411 | SH |  | DFND | 123 | 0 | 6411 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 1183342 | 5797 | SH |  | DFND | 123 | 0 | 5797 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 2168581 | 31543 | SH |  | DFND | 123 | 0 | 31543 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 996522 | 4591 | SH |  | DFND | 123 | 0 | 4591 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1038068 | 15603 | SH |  | DFND | 123 | 0 | 15603 | 0 |
| CORNING INC | COM | 219350105 |  | 2127041 | 25590 | SH |  | DFND | 123 | 0 | 25590 | 0 |
| COUSINS PPTYS INC | COM NEW | 222795502 |  | 222770680 | 7668526 | SH |  | DFND | 123 | 0 | 7668526 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 4348152 | 8697 | SH |  | DFND | 123 | 0 | 8697 | 0 |
| CTO RLTY GROWTH INC NEW | COM | 22948Q101 |  | 7461216 | 460001 | SH |  | DFND | 123 | 0 | 460001 | 0 |
| CURBLINE PPTYS CORP | COM | 23128Q101 |  | 12323109 | 549403 | SH |  | DFND | 123 | 0 | 549403 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 1998313 | 25996 | SH |  | DFND | 123 | 0 | 25996 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 629868 | 1285 | SH |  | DFND | 123 | 0 | 1285 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 2859404 | 13432 | SH |  | DFND | 123 | 0 | 13432 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 2489926 | 16306 | SH |  | DFND | 123 | 0 | 16306 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1494555 | 9985 | SH |  | DFND | 123 | 0 | 9985 | 0 |
| DEXCOM INC | COM | 252131107 |  | 547208 | 8281 | SH |  | DFND | 123 | 0 | 8281 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 1481122431 | 8638801 | SH |  | DFND | 123 | 0 | 8638801 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 440649 | 6389 | SH |  | DFND | 123 | 0 | 6389 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 955330 | 19775 | SH |  | DFND | 123 | 0 | 19775 | 0 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 51660365 | 300159 | SH |  | DFND | 123 | 0 | 300159 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 949983 | 12449 | SH |  | DFND | 123 | 0 | 12449 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 1594107 | 4792 | SH |  | DFND | 123 | 0 | 4792 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 12393681 | 15015 | SH |  | DFND | 123 | 0 | 15015 | 0 |
| EPR PPTYS | COM SH BEN INT | 26884U109 |  | 16754053 | 287278 | SH |  | DFND | 123 | 0 | 287278 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 937529750 | 1211357 | SH |  | DFND | 123 | 0 | 1211357 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 727284882 | 11346098 | SH |  | DFND | 123 | 0 | 11346098 | 0 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 26370694 | 881079 | SH |  | DFND | 123 | 0 | 881079 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 56529876 | 212048 | SH |  | DFND | 123 | 0 | 212048 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 357561464 | 2533561 | SH |  | DFND | 123 | 0 | 2533561 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 1137558 | 752 | SH |  | DFND | 123 | 0 | 752 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 31339968 | 314532 | SH |  | DFND | 123 | 0 | 314532 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 6904482 | 132600 | SH |  | DFND | 123 | 0 | 132600 | 0 |
| FORTINET INC | COM | 34959E109 |  | 1743379 | 20467 | SH |  | DFND | 123 | 0 | 20467 | 0 |
| GARTNER INC | COM | 366651107 |  | 608926 | 2426 | SH |  | DFND | 123 | 0 | 2426 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 712588 | 9437 | SH |  | DFND | 123 | 0 | 9437 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 490385 | 17439 | SH |  | DFND | 123 | 0 | 17439 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 2859667 | 25728 | SH |  | DFND | 123 | 0 | 25728 | 0 |
| GODADDY INC | CL A | 380237107 |  | 586615 | 4438 | SH |  | DFND | 123 | 0 | 4438 | 0 |
| GRANITE REAL ESTATE INVT TR | TR UNIT NEW | 387437205 |  | 14006526 | 250000 | SH |  | DFND | 123 | 0 | 250000 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 1635683 | 3839 | SH |  | DFND | 123 | 0 | 3839 | 0 |
| HEALTHCARE RLTY TR | CL A COM | 42226K105 |  | 222032183 | 12086673 | SH |  | DFND | 123 | 0 | 12086673 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 43602872 | 2273351 | SH |  | DFND | 123 | 0 | 2273351 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 971397 | 38965 | SH |  | DFND | 123 | 0 | 38965 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 321792 | 4800 | SH |  | DFND | 123 | 0 | 4800 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 676224 | 1536 | SH |  | DFND | 123 | 0 | 1536 | 0 |
| HUMANA INC | COM | 444859102 |  | 613964 | 2488 | SH |  | DFND | 123 | 0 | 2488 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 335822 | 3284 | SH |  | DFND | 123 | 0 | 3284 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 293306 | 3383 | SH |  | DFND | 123 | 0 | 3383 | 0 |
| INSULET CORP | COM | 45784P101 |  | 443365 | 1449 | SH |  | DFND | 123 | 0 | 1449 | 0 |
| INTEL CORP | COM | 458140100 |  | 3280172 | 91268 | SH |  | DFND | 123 | 0 | 91268 | 0 |
| INTUIT | COM | 461202103 |  | 6678126 | 9828 | SH |  | DFND | 123 | 0 | 9828 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 3262522 | 7448 | SH |  | DFND | 123 | 0 | 7448 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 30946800 | 1480000 | SH |  | DFND | 123 | 0 | 1480000 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 495598369 | 17083708 | SH |  | DFND | 123 | 0 | 17083708 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 767677 | 3767 | SH |  | DFND | 123 | 0 | 3767 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 59533113 | 582174 | SH |  | DFND | 123 | 0 | 582174 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 375209120 | 4634500 | SH |  | DFND | 123 | 0 | 4634500 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 383796568 | 3441813 | SH |  | DFND | 123 | 0 | 3441813 | 0 |
| JABIL INC | COM | 466313103 |  | 803502 | 3740 | SH |  | DFND | 123 | 0 | 3740 | 0 |
| KILROY RLTY CORP | COM | 49427F108 |  | 180723520 | 4287628 | SH |  | DFND | 123 | 0 | 4287628 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 272186552 | 12648074 | SH |  | DFND | 123 | 0 | 12648074 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 3316620 | 2938 | SH |  | DFND | 123 | 0 | 2938 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 7128791 | 49925 | SH |  | DFND | 123 | 0 | 49925 | 0 |
| MACERICH CO | COM | 554382101 |  | 24320430 | 1351135 | SH |  | DFND | 123 | 0 | 1351135 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 2237095 | 26667 | SH |  | DFND | 123 | 0 | 26667 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1993033 | 2605 | SH |  | DFND | 123 | 0 | 2605 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2528014 | 26664 | SH |  | DFND | 123 | 0 | 26664 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 4721190 | 52382 | SH |  | DFND | 123 | 0 | 52382 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 568811 | 441 | SH |  | DFND | 123 | 0 | 441 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 275737 | 4301 | SH |  | DFND | 123 | 0 | 4301 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 6357581 | 34903 | SH |  | DFND | 123 | 0 | 34903 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 31110360 | 59861 | SH |  | DFND | 123 | 0 | 59861 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 416485932 | 3018014 | SH |  | DFND | 123 | 0 | 3018014 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 233469 | 1211 | SH |  | DFND | 123 | 0 | 1211 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 707688 | 2201 | SH |  | DFND | 123 | 0 | 2201 | 0 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 1349077 | 1473 | SH |  | DFND | 123 | 0 | 1473 | 0 |
| NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 |  | 10446834 | 344780 | SH |  | DFND | 123 | 0 | 344780 | 0 |
| NETAPP INC | COM | 64110D104 |  | 763851 | 6446 | SH |  | DFND | 123 | 0 | 6446 | 0 |
| NETSTREIT CORP | COM | 64119V303 |  | 17478002 | 956127 | SH |  | DFND | 123 | 0 | 956127 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 285919 | 2087 | SH |  | DFND | 123 | 0 | 2087 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 1906377 | 25240 | SH |  | DFND | 123 | 0 | 25240 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 42392072 | 226405 | SH |  | DFND | 123 | 0 | 226405 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 1765544 | 7850 | SH |  | DFND | 123 | 0 | 7850 | 0 |
| OKTA INC | CL A | 679295105 |  | 889943 | 9706 | SH |  | DFND | 123 | 0 | 9706 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 628937 | 13008 | SH |  | DFND | 123 | 0 | 13008 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 15126494 | 52339 | SH |  | DFND | 123 | 0 | 52339 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 8287425 | 44809 | SH |  | DFND | 123 | 0 | 44809 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 4852355 | 23464 | SH |  | DFND | 123 | 0 | 23464 | 0 |
| PARAMOUNT GROUP INC | COM | 69924R108 |  | 5127798 | 784067 | SH |  | DFND | 123 | 0 | 784067 | 0 |
| PEBBLEBROOK HOTEL TR | COM | 70509V100 |  | 5545047 | 494211 | SH |  | DFND | 123 | 0 | 494211 | 0 |
| PFIZER INC | COM | 717081103 |  | 3241092 | 119114 | SH |  | DFND | 123 | 0 | 119114 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 2289559651 | 19656247 | SH |  | DFND | 123 | 0 | 19656247 | 0 |
| PTC INC | COM | 69370C100 |  | 765552 | 3782 | SH |  | DFND | 123 | 0 | 3782 | 0 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 635129696 | 2184979 | SH |  | DFND | 123 | 0 | 2184979 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 4670377 | 28052 | SH |  | DFND | 123 | 0 | 28052 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 418761 | 2300 | SH |  | DFND | 123 | 0 | 2300 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 510612935 | 8445467 | SH |  | DFND | 123 | 0 | 8445467 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 145909295 | 2023988 | SH |  | DFND | 123 | 0 | 2023988 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 1343866 | 2240 | SH |  | DFND | 123 | 0 | 2240 | 0 |
| RESMED INC | COM | 761152107 |  | 821488 | 3033 | SH |  | DFND | 123 | 0 | 3033 | 0 |
| REVVITY INC | COM | 714046109 |  | 233896 | 2549 | SH |  | DFND | 123 | 0 | 2549 | 0 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 14667305 | 350557 | SH |  | DFND | 123 | 0 | 350557 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 1680649 | 3375 | SH |  | DFND | 123 | 0 | 3375 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 285911 | 7872 | SH |  | DFND | 123 | 0 | 7872 | 0 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 20266200 | 226742 | SH |  | DFND | 123 | 0 | 226742 | 0 |
| SABRA HEALTH CARE REIT INC | COM | 78573L106 |  | 54934791 | 2992091 | SH |  | DFND | 123 | 0 | 2992091 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 10513188 | 44606 | SH |  | DFND | 123 | 0 | 44606 | 0 |
| SAMSARA INC | COM CL A | 79589L106 |  | 262220 | 6877 | SH |  | DFND | 123 | 0 | 6877 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 1701822 | 6626 | SH |  | DFND | 123 | 0 | 6626 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 5826778 | 6386 | SH |  | DFND | 123 | 0 | 6386 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 5710474 | 38167 | SH |  | DFND | 123 | 0 | 38167 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 100381918 | 540385 | SH |  | DFND | 123 | 0 | 540385 | 0 |
| SITE CTRS CORP | COM | 82981J851 |  | 7213405 | 802381 | SH |  | DFND | 123 | 0 | 802381 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 2098466 | 9102 | SH |  | DFND | 123 | 0 | 9102 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 221603 | 3034 | SH |  | DFND | 123 | 0 | 3034 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 491769 | 2038 | SH |  | DFND | 123 | 0 | 2038 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 1949580 | 5761 | SH |  | DFND | 123 | 0 | 5761 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 2624065 | 7206 | SH |  | DFND | 123 | 0 | 7206 | 0 |
| SUN CMNTYS INC | COM | 866674104 |  | 43322233 | 337138 | SH |  | DFND | 123 | 0 | 337138 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 4861406 | 9946 | SH |  | DFND | 123 | 0 | 9946 | 0 |
| TANGER INC | COM | 875465106 |  | 29974805 | 887091 | SH |  | DFND | 123 | 0 | 887091 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 2086990 | 9414 | SH |  | DFND | 123 | 0 | 9414 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 847078 | 1473 | SH |  | DFND | 123 | 0 | 1473 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 469645 | 23412 | SH |  | DFND | 123 | 0 | 23412 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 2728399 | 15125 | SH |  | DFND | 123 | 0 | 15125 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 1643739 | 5636 | SH |  | DFND | 123 | 0 | 5636 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 4189583 | 7894 | SH |  | DFND | 123 | 0 | 7894 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 493268 | 4803 | SH |  | DFND | 123 | 0 | 4803 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 672494 | 1343 | SH |  | DFND | 123 | 0 | 1343 | 0 |
| UDR INC | COM | 902653104 |  | 60750346 | 1645459 | SH |  | DFND | 123 | 0 | 1645459 | 0 |
| UMH PPTYS INC | COM | 903002103 |  | 7106636 | 483116 | SH |  | DFND | 123 | 0 | 483116 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 382531 | 873 | SH |  | DFND | 123 | 0 | 873 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 6646609 | 19083 | SH |  | DFND | 123 | 0 | 19083 | 0 |
| URBAN EDGE PPTYS | COM | 91704F104 |  | 18157925 | 892720 | SH |  | DFND | 123 | 0 | 892720 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 932274 | 3179 | SH |  | DFND | 123 | 0 | 3179 | 0 |
| VENTAS INC | COM | 92276F100 |  | 826856665 | 11758485 | SH |  | DFND | 123 | 0 | 11758485 | 0 |
| VERIS RESIDENTIAL INC | COM | 554489104 |  | 10463210 | 696155 | SH |  | DFND | 123 | 0 | 696155 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 760154 | 2765 | SH |  | DFND | 123 | 0 | 2765 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 2156056 | 5334 | SH |  | DFND | 123 | 0 | 5334 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 113566223 | 3450812 | SH |  | DFND | 123 | 0 | 3450812 | 0 |
| VORNADO RLTY TR | SH BEN INT | 929042109 |  | 33967506 | 824054 | SH |  | DFND | 123 | 0 | 824054 | 0 |
| WATERS CORP | COM | 941848103 |  | 392407 | 1227 | SH |  | DFND | 123 | 0 | 1227 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 285710006 | 1592764 | SH |  | DFND | 123 | 0 | 1592764 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 406859 | 1499 | SH |  | DFND | 123 | 0 | 1499 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 1421080 | 10882 | SH |  | DFND | 123 | 0 | 10882 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 1556968 | 6705 | SH |  | DFND | 123 | 0 | 6705 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 62760013 | 916606 | SH |  | DFND | 123 | 0 | 916606 | 0 |
| XENIA HOTELS  RESORTS INC | COM | 984017103 |  | 5275297 | 388747 | SH |  | DFND | 123 | 0 | 388747 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 473867 | 1624 | SH |  | DFND | 123 | 0 | 1624 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 416228 | 4209 | SH |  | DFND | 123 | 0 | 4209 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 1375746 | 9362 | SH |  | DFND | 123 | 0 | 9362 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 637154 | 7839 | SH |  | DFND | 123 | 0 | 7839 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 828626 | 2721 | SH |  | DFND | 123 | 0 | 2721 | 0 |

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