APG Asset Management N.V. Reduces Stake in AutoZone

Institutional investor sells 290 shares of auto parts retailer

Mar. 3, 2026 at 1:39am

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APG Asset Management N.V., an institutional investor, decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.5% during the 3rd quarter, according to the company's recent SEC filing. The investor now owns 19,650 shares of the company's stock, valued at approximately $84.3 million.

Why it matters

This filing provides insight into the investment activities of a major institutional investor and their view on the performance and prospects of AutoZone, one of the leading auto parts retailers in the United States.

The details

According to the SEC filing, APG Asset Management N.V. sold 290 shares of AutoZone stock during the 3rd quarter, reducing its total position to 19,650 shares. The investor now owns approximately 0.12% of AutoZone's outstanding shares. The filing does not provide specific reasons for the reduction in the investment position.

  • The filing covers the 3rd quarter of the company's fiscal year.

The players

APG Asset Management N.V.

A major institutional investor that manages assets on behalf of pension funds and other clients.

AutoZone, Inc.

A leading retailer and distributor of automotive replacement parts and accessories, headquartered in Memphis, Tennessee.

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The takeaway

This filing indicates that a prominent institutional investor has reduced its stake in AutoZone, potentially signaling a shift in market sentiment or investment strategy. However, without further context, it is difficult to draw definitive conclusions about the long-term outlook for the company.