SEC 13F Intelligence

Managers / Q2 2019 · view latest →

PGGM Investments

CIK 0001472190 · PO BOX 117, ZEIST, P7, 3700 AC · 0031302779479

Reported Value
$19.9B
Q2 2019
Positions
244
Filings on Record
30
2019–present window
Filed
Jul 26, 2019
original filing

Summary

Pggm Investments reported $19.9B in U.S.-listed holdings across 244 positions for Q2 2019.

Its largest position, SPG, represents 2.9% of the portfolio.

Compared with Q1 2019, the fund opened 9 new positions and exited 19.

Portfolio Metrics

Turnover
+9.5%
vs prior filed quarter
Top-10 Concentration
+21.1%
share of reported value
Largest Position
+2.9%
Simon Ppty Group Inc New Com
New / Exited
9 / 19
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $17.2BQ4 ’18Q1 ’19: $19.6BQ2 ’19: $19.9BQ3 ’19: $21.0BQ4 ’19: $17.7BQ4 ’19Q1 ’20: $13.9BQ2 ’20: $17.3BQ3 ’20: $19.1BQ4 ’20: $21.6BQ4 ’20Q1 ’21: $23.1BQ2 ’21: $23.6BQ3 ’21: $19.4BQ4 ’21: $20.1BQ4 ’21Q1 ’22: $20.1BQ3 ’22: $5.7BQ4 ’22: $5.7BQ1 ’23: $5.9BQ1 ’23Q2 ’23: $6.2BQ3 ’23: $5.8BQ4 ’23: $6.6BQ1 ’24: $6.9BQ1 ’24Q2 ’24: $7.0BQ3 ’24: $7.8BQ4 ’24: $7.5BQ1 ’25: $7.4BQ1 ’25Q2 ’25: $5.8BQ3 ’25: $6.2BQ4 ’25: $6.3BQ1 ’26: $5.7BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 57.7%REIT: 37.8%Other: 4.5%ADR: 0.1%
  • Common Stock · 57.7% · $11.5B
  • REIT · 37.8% · $7.5B
  • Other · 4.5% · $890M
  • ADR · 0.1% · $20M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LIFE STORAGE INC COMNEW+2.39M2.39M+$227M$227M
CVXCHEVRON CORP NEW COMNEW+1.32M1.32M+$164M$164M
BMYBRISTOL MYERS SQUIBB CO COMNEW+1.08M1.08M+$49M$49M
SFMSPROUTS FMRS MKT INC COMNEW+535.2K535.2K+$10M$10M
SBSCOMPANHIA DE SANEAMENTO BASI SPONSORED ADRNEW+400.0K400.0K+$5M$5M
QRVOQORVO INC COMNEW+70.0K70.0K+$5M$5M
AAPADVANCE AUTO PARTS INC COMNEW+25.0K25.0K+$4M$4M
EMREMERSON ELEC CO COMNEW+55.6K55.6K+$4M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

244 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPGSIMON PPTY GROUP INC NEW COMhistory →COM2.90%$578M3.62M
2WELLWELLTOWER INC COMhistory →COM2.80%$559M6.85M
3DUKE REALTY CORP COM NEWCOM2.21%$439M13.90M
4EQREQUITY RESIDENTIAL SH BEN INThistory →INT2.05%$409M5.38M
5AAPLAPPLE INC COMhistory →COM2.01%$401M2.03M
6KRCKILROY RLTY CORP COMhistory →COM1.96%$391M5.29M
7AVBAVALONBAY CMNTYS INC COMhistory →COM1.95%$389M1.92M
8HUDSON PAC PPTYS INC COMCOM1.75%$349M10.49M
9DLRDIGITAL RLTY TR INC COMhistory →COM1.74%$347M2.95M
10PLDPROLOGIS INC COMhistory →COM1.67%$332M4.14M
11GLPIGAMING LEISURE PPTYS INC COMhistory →COM1.62%$323M8.28M
12ESSESSEX PPTY TR INC COMhistory →COM1.53%$305M1.04M
13JNJJOHNSON JOHNSON COMhistory →COM1.39%$278M1.99M
14PGPROCTER AND GAMBLE CO COMhistory →COM1.39%$276M2.52M
15REGREGENCY CTRS CORP COMhistory →COM1.36%$272M4.07M
16HCP INC COMCOM1.36%$270M8.45M
17CSCOCISCO SYS INC COMhistory →COM1.35%$268M4.90M
18PFEPFIZER INC COMhistory →COM1.32%$263M6.07M
19VICIVICI PPTYS INC COMhistory →COM1.26%$251M11.39M
20FEDERAL REALTY INVT TR SH BEN INT NEWINT1.23%$246M1.91M
21UDRUDR INC COMhistory →COM1.14%$228M5.08M
22LIFE STORAGE INC COMCOM1.14%$227M2.39M
23VEREIT INC COMCOM1.10%$220M24.36M
24MRKMERCK CO INC COMhistory →COM1.08%$215M2.56M
25HDHOME DEPOT INC COMhistory →COM1.08%$215M1.03M
26HSTHOST HOTELS RESORTS INC COMhistory →COM1.07%$213M11.71M
27BXPBOSTON PROPERTIES INC COMhistory →COM1.07%$213M1.65M
28VZVERIZON COMMUNICATIONS INC COMhistory →COM1.06%$211M3.69M
29EXREXTRA SPACE STORAGE INC COMhistory →COM1.05%$210M1.98M
30CMCSACOMCAST CORP NEW CL Ahistory →CLASS A1.04%$207M4.90M
31UNHUNITEDHEALTH GROUP INC COMhistory →COM0.97%$193M792.8K
32REXRREXFORD INDL RLTY INC COMhistory →COM0.91%$182M4.51M
33SHOSUNSTONE HOTEL INVS INC NEW COMhistory →COM0.90%$180M13.13M
34PEPPEPSICO INC COMhistory →COM0.88%$175M1.33M
35NNNNATIONAL RETAIL PPTYS INC COMhistory →COM0.84%$168M3.16M
36INTCINTEL CORP COMhistory →COM0.83%$166M3.46M
37AMGNAMGEN INC COMhistory →COM0.83%$165M896.1K
38IBMINTERNATIONAL BUSINESS MACHS COMhistory →COM0.83%$165M1.20M
39CVXCHEVRON CORP NEW COMhistory →COM0.83%$164M1.32M
40DISDISNEY WALT CO COM DISNEYhistory →COM0.81%$162M1.16M
41INVHINVITATION HOMES INC COMhistory →COM0.78%$155M5.80M
42AREALEXANDRIA REAL ESTATE EQ IN COMhistory →COM0.78%$155M1.10M
43BACBANK AMER CORP COMhistory →COM0.76%$151M5.21M
44JPMJPMORGAN CHASE CO COMhistory →COM0.74%$147M1.31M
45CUBECUBESMART COMhistory →COM0.74%$147M4.40M
46TAT T INC COMhistory →COM0.73%$146M4.36M
47TJXTJX COS INC NEW COMhistory →COM0.66%$132M2.50M
48COSTCOSTCO WHSL CORP NEW COMhistory →COM0.65%$130M491.0K
49ORCLORACLE CORP COMhistory →COM0.65%$129M2.26M
50RLJRLJ LODGING TR COMhistory →COM0.65%$128M7.24M
51COPCONOCOPHILLIPS COMhistory →COM0.61%$122M2.00M
52LOWLOWES COS INC COMhistory →COM0.60%$119M1.18M
53GILDGILEAD SCIENCES INC COMhistory →COM0.57%$113M1.67M
54AFLAFLAC INC COMhistory →COM0.55%$109M1.98M
55PHYSICIANS RLTY TR COMCOM0.54%$108M6.21M
56CBCHUBB LIMITED COMhistory →COM0.52%$104M706.4K
57KMBKIMBERLY CLARK CORP COMhistory →COM0.52%$103M771.9K
58WMWASTE MGMT INC DEL COMhistory →COM0.50%$100M866.4K
59ACNACCENTURE PLC IRELAND SHS CLASS Ahistory →SHS0.49%$98M527.9K
60DGDOLLAR GEN CORP NEW COMhistory →COM0.49%$98M721.6K
61TRVTRAVELERS COMPANIES INC COMhistory →COM0.49%$97M646.8K
62PGRPROGRESSIVE CORP OHIO COMhistory →COM0.48%$95M1.19M
63ALLALLSTATE CORP COMhistory →COM0.47%$94M929.0K
64TGTTARGET CORP COMhistory →COM0.47%$93M1.08M
65OHIOMEGA HEALTHCARE INVS INC COMhistory →COM0.47%$93M2.53M
66WBAWALGREENS BOOTS ALLIANCE INC COMhistory →COM0.46%$92M1.68M
67SUISUN CMNTYS INC COMhistory →COM0.46%$92M717.0K
68ETNEATON CORP PLC SHShistory →SHS0.46%$91M1.10M
69CCITIGROUP INC COM NEWhistory →COM0.46%$91M1.30M
70TE CONNECTIVITY LTD REG SHSSHS0.44%$88M917.2K
71INGERSOLL-RAND PLC SHSSHS0.43%$86M679.6K
72AZOAUTOZONE INC COMhistory →COM0.42%$84M76.0K
73USBUS BANCORP DEL COM NEWhistory →COM0.41%$82M1.57M
74QTS RLTY TR INC COM CL ACLASS A0.41%$81M1.76M
75EBAYEBAY INC COMhistory →COM0.41%$81M2.05M
76HPQHP INC COMhistory →COM0.40%$80M3.85M
77ROSTROSS STORES INC COMhistory →COM0.39%$78M790.3K
78MRSHMARSH MCLENNAN COS INC COMhistory →COM0.39%$78M784.4K
79CMICUMMINS INC COMhistory →COM0.39%$78M455.2K
80TXNTEXAS INSTRS INC COMhistory →COM0.39%$78M679.0K
81SYYSYSCO CORP COMhistory →COM0.38%$76M1.08M
82MSFTMICROSOFT CORP COMhistory →COM0.38%$75M561.2K
83TSNTYSON FOODS INC CL Ahistory →CLASS A0.36%$71M880.5K
84LYBLYONDELLBASELL INDUSTRIES N SHS - A -history →SHS0.35%$70M814.3K
85HSYHERSHEY CO COMhistory →COM0.34%$68M504.9K
86PNCPNC FINL SVCS GROUP INC COMhistory →COM0.34%$67M489.3K
87GISGENERAL MLS INC COMhistory →COM0.33%$66M1.26M
88HCAHCA HEALTHCARE INC COMhistory →COM0.33%$65M483.6K
89BNYBANK NEW YORK MELLON CORP COMhistory →COM0.33%$65M1.47M
90CICIGNA CORP NEW COMhistory →COM0.33%$65M411.1K
91OMCOMNICOM GROUP INC COMhistory →COM0.32%$64M775.2K
92LLOEWS CORP COMhistory →COM0.31%$61M1.11M
93NUENUCOR CORP COMhistory →COM0.30%$60M1.09M
94TMOTHERMO FISHER SCIENTIFIC INC COMhistory →COM0.30%$59M202.3K
95MDTMEDTRONIC PLC SHShistory →SHS0.29%$58M597.3K
96HIGHARTFORD FINL SVCS GROUP INC COMhistory →COM0.29%$58M1.04M
97ALLYALLY FINL INC COMhistory →COM0.29%$58M1.86M
98CTSHCOGNIZANT TECHNOLOGY SOLUTIO CL Ahistory →CLASS A0.29%$57M897.6K
99EXCEXELON CORP COMhistory →COM0.29%$57M1.19M
100CINFCINCINNATI FINL CORP COMhistory →COM0.28%$56M537.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.7B67May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$6.3B66Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$6.2B66Oct 28, 202513F-HRchanges · EDGAR ↗
Q2 2025$5.8B68Jul 18, 202513F-HRchanges · EDGAR ↗
Q1 2025$7.4B347May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$7.5B345Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$7.8B348Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$7.0B344Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$6.9B365May 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$6.6B351Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$5.8B346Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$6.2B359Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$5.9B387May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$5.7B378Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.7B382Nov 10, 2022RESTATEMENTchanges · EDGAR ↗
Q1 2022$20.1B366Apr 25, 202213F-HRchanges · EDGAR ↗
Q4 2021$20.1B366Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$19.4B366Oct 22, 202113F-HRchanges · EDGAR ↗
Q2 2021$23.6B434Jul 22, 202113F-HRchanges · EDGAR ↗
Q1 2021$23.1B369Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$21.6B356Jan 28, 202113F-HRchanges · EDGAR ↗
Q3 2020$19.1B247Oct 20, 202013F-HRchanges · EDGAR ↗
Q2 2020$17.3B256Jul 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$13.9B233Apr 20, 202013F-HRchanges · EDGAR ↗
Q4 2019$17.7B248Jan 17, 202013F-HRchanges · EDGAR ↗
Q3 2019$21.0B244Oct 16, 201913F-HRchanges · EDGAR ↗
Q2 2019$19.9B244Jul 26, 201913F-HRchanges · EDGAR ↗
Q1 2019$19.6B254Apr 12, 201913F-HRchanges · EDGAR ↗
Q4 2018$17.2B260Jan 28, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.