SEC 13F Intelligence

Managers / Q3 2019 · view latest →

PGGM Investments

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

Reported Value
$21.0B
Q3 2019
Positions
244
Filings on Record
29
2019–present window
Filed
Oct 16, 2019
original filing

Summary

Pggm Investments reported $21.0B in U.S.-listed holdings across 244 positions for Q3 2019.

Its largest position, WELL, represents 3.0% of the portfolio.

Compared with Q2 2019, the fund opened 11 new positions and exited 11.

Portfolio Metrics

Turnover
+6.8%
vs prior filed quarter
Top-10 Concentration
+21.7%
share of reported value
Largest Position
+3.0%
Welltower Inc Com
New / Exited
11 / 11
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
Q1 ’19: $19.6BQ1 ’19Q2 ’19: $19.9BQ3 ’19: $21.0BQ4 ’19: $17.7BQ1 ’20: $13.9BQ1 ’20Q2 ’20: $17.3BQ3 ’20: $19.1BQ4 ’20: $21.6BQ1 ’21: $23.1BQ1 ’21Q2 ’21: $23.6BQ3 ’21: $19.4BQ4 ’21: $20.1BQ1 ’22: $20.1BQ1 ’22Q3 ’22: $5.7BQ4 ’22: $5.7BQ1 ’23: $5.9BQ2 ’23: $6.2BQ2 ’23Q3 ’23: $5.8BQ4 ’23: $6.6BQ1 ’24: $6.9BQ2 ’24: $7.0BQ2 ’24Q3 ’24: $7.8BQ4 ’24: $7.5BQ1 ’25: $7.4BQ2 ’25: $5.8BQ2 ’25Q3 ’25: $6.2BQ4 ’25: $6.3BQ1 ’26: $5.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 56.6%REIT: 38.9%Other: 4.4%ADR: 0.1%
  • Common Stock · 56.6% · $11.9B
  • REIT · 38.9% · $8.2B
  • Other · 4.4% · $928M
  • ADR · 0.1% · $16M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WPCW P CAREY INC COMNEW+2.60M2.60M+$232M$232M
DELLDELL TECHNOLOGIES INC CL CNEW+1.01M1.01M+$53M$53M
GLGLOBE LIFE INC COM ADDEDNEW+524.3K524.3K+$50M$50M
MSMORGAN STANLEY COM NEWNEW+315.0K315.0K+$13M$13M
CIM COML TR CORP COM NEW ADDEDNEW+783.6K783.6K+$12M$12M
SYFSYNCHRONY FINL COMNEW+325.0K325.0K+$11M$11M
RLRALPH LAUREN CORP CL ANEW+70.0K70.0K+$7M$7M
CORAMERISOURCEBERGEN CORP COMNEW+40.0K40.0K+$3M$3M

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

Holdings — Q3 2019

244 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WELLWELLTOWER INC COMhistory →COM2.96%$621M6.85M
2SPGSIMON PPTY GROUP INC NEW COMhistory →COM2.64%$554M3.56M
3DUKE REALTY CORP COM NEWCOM2.25%$472M13.90M
4EQREQUITY RESIDENTIAL SH BEN INThistory →INT2.22%$464M5.38M
5AAPLAPPLE INC COMhistory →COM2.17%$454M2.03M
6VICIVICI PPTYS INC COMhistory →COM2.03%$425M18.77M
7AVBAVALONBAY CMNTYS INC COMhistory →COM1.97%$413M1.92M
8KRCKILROY RLTY CORP COMhistory →COM1.86%$389M4.99M
9DLRDIGITAL RLTY TR INC COMhistory →COM1.82%$382M2.95M
10VEREIT INC COMCOM1.81%$379M38.73M
11HUDSON PAC PPTYS INC COMCOM1.69%$354M10.59M
12PLDPROLOGIS INC COMhistory →COM1.68%$353M4.14M
13ESSESSEX PPTY TR INC COMhistory →COM1.63%$341M1.04M
14PGPROCTER GAMBLE CO COMhistory →COM1.49%$313M2.52M
15HCP INC COMCOM1.44%$301M8.45M
16REGREGENCY CTRS CORP COMhistory →COM1.40%$294M4.24M
17JNJJOHNSON JOHNSON COMhistory →COM1.27%$266M2.05M
18FEDERAL REALTY INVT TR SH BEN INT NEWINT1.24%$260M1.91M
19INVHINVITATION HOMES INC COMhistory →COM1.20%$251M8.48M
20CSCOCISCO SYS INC COMhistory →COM1.15%$242M4.90M
21HDHOME DEPOT INC COMhistory →COM1.14%$239M1.03M
22WPCW P CAREY INC COMhistory →COM1.11%$232M2.60M
23EXREXTRA SPACE STORAGE INC COMhistory →COM1.10%$231M1.98M
24VZVERIZON COMMUNICATIONS INC COMhistory →COM1.06%$223M3.69M
25CMCSACOMCAST CORP NEW CL Ahistory →COM1.05%$221M4.90M
26PFEPFIZER INC COMhistory →COM1.04%$218M6.07M
27MRKMERCK CO INC COMhistory →COM1.03%$216M2.56M
28BXPBOSTON PROPERTIES INC COMhistory →COM1.02%$214M1.65M
29SUISUN CMNTYS INC COMhistory →COM0.97%$203M1.37M
30HSTHOST HOTELS RESORTS INC COMhistory →COM0.97%$202M11.71M
31REXRREXFORD INDL RLTY INC COMhistory →COM0.95%$198M4.51M
32LIFE STORAGE INC COMCOM0.89%$186M1.77M
33PEPPEPSICO INC COMhistory →COM0.87%$183M1.33M
34SHOSUNSTONE HOTEL INVS INC NEW COMhistory →COM0.86%$180M13.13M
35INTCINTEL CORP COMhistory →COM0.85%$178M3.46M
36IBMINTERNATIONAL BUSINESS MACHS COMhistory →COM0.83%$174M1.20M
37AMGNAMGEN INC COMhistory →COM0.83%$173M896.1K
38UNHUNITEDHEALTH GROUP INC COMhistory →COM0.82%$172M792.8K
39ORCLORACLE CORP COMhistory →COM0.80%$167M3.03M
40UDRUDR INC COMhistory →COM0.79%$167M3.44M
41TAT T INC COMhistory →COM0.79%$165M4.36M
42CVXCHEVRON CORP NEW COMhistory →COM0.76%$160M1.35M
43JPMJPMORGAN CHASE CO COMhistory →COM0.74%$155M1.31M
44CUBECUBESMART COMhistory →COM0.73%$153M4.40M
45BACBANK AMER CORP COMhistory →COM0.73%$152M5.21M
46COSTCOSTCO WHSL CORP NEW COMhistory →COM0.67%$141M491.0K
47TJXTJX COS INC NEW COMhistory →COM0.66%$139M2.50M
48BMYBRISTOL MYERS SQUIBB CO COMhistory →COM0.63%$132M2.60M
49GILDGILEAD SCIENCES INC COMhistory →COM0.63%$131M2.07M
50LOWLOWES COS INC COMhistory →COM0.62%$130M1.18M
51RLJRLJ LODGING TR COMhistory →COM0.59%$123M7.24M
52COPCONOCOPHILLIPS COMhistory →COM0.56%$118M2.06M
53TGTTARGET CORP COMhistory →COM0.55%$115M1.08M
54DGDOLLAR GEN CORP NEW COMhistory →COM0.55%$115M721.6K
55CBCHUBB LIMITED COMhistory →COM0.54%$114M706.4K
56PHYSICIANS RLTY TR COMCOM0.53%$110M6.21M
57KMBKIMBERLY CLARK CORP COMhistory →COM0.52%$110M771.9K
58OHIOMEGA HEALTHCARE INVS INC COMhistory →COM0.50%$106M2.53M
59AFLAFLAC INC COMhistory →COM0.49%$104M1.98M
60ACNACCENTURE PLC IRELAND SHS CLASS Ahistory →CLASS A0.48%$102M527.9K
61ALLALLSTATE CORP COMhistory →COM0.48%$101M929.0K
62WMWASTE MGMT INC DEL COMhistory →COM0.48%$100M866.4K
63AREALEXANDRIA REAL ESTATE EQ IN COMhistory →COM0.46%$97M631.5K
64TRVTRAVELERS COMPANIES INC COMhistory →COM0.46%$96M646.8K
65WBAWALGREENS BOOTS ALLIANCE INC COMhistory →COM0.44%$93M1.68M
66PGRPROGRESSIVE CORP OHIO COMhistory →COM0.44%$92M1.19M
67ETNEATON CORP PLC SHShistory →SHS0.43%$91M1.10M
68QTS RLTY TR INC COM CL ACLASS A0.43%$90M1.76M
69CCITIGROUP INC COM NEWhistory →COM0.43%$90M1.30M
70SL GREEN RLTY CORP COMCOM0.42%$89M1.08M
71ABBVABBVIE INC COMhistory →COM0.42%$88M1.17M
72TXNTEXAS INSTRS INC COMhistory →COM0.42%$88M679.0K
73USBUS BANCORP DEL COM NEWhistory →COM0.42%$87M1.57M
74ROSTROSS STORES INC COMhistory →COM0.41%$87M790.3K
75SYYSYSCO CORP COMhistory →COM0.41%$86M1.08M
76TE CONNECTIVITY LTD REG SHSSHS0.41%$85M917.2K
77INGERSOLL-RAND PLC SHSSHS0.40%$84M679.6K
78DISDISNEY WALT CO COM DISNEYhistory →COM0.40%$83M640.7K
79AZOAUTOZONE INC COMhistory →COM0.39%$82M76.0K
80PSAPUBLIC STORAGE COMhistory →COM0.39%$82M332.7K
81EBAYEBAY INC COMhistory →COM0.38%$80M2.05M
82MRSHMARSH MCLENNAN COS INC COMhistory →COM0.37%$78M784.4K
83HSYHERSHEY CO COMhistory →COM0.37%$78M504.9K
84MSFTMICROSOFT CORP COMhistory →COM0.37%$78M561.2K
85CMICUMMINS INC COMhistory →COM0.36%$76M467.4K
86TSNTYSON FOODS INC CL Ahistory →CLASS A0.36%$76M880.5K
87LYBLYONDELLBASELL INDUSTRIES N SHS - A -history →SHS0.35%$73M814.3K
88HPQHP INC COMhistory →COM0.35%$73M3.85M
89MCKMCKESSON CORP COMhistory →COM0.34%$70M515.8K
90GISGENERAL MLS INC COMhistory →COM0.33%$69M1.26M
91PNCPNC FINL SVCS GROUP INC COMhistory →COM0.33%$69M489.3K
92BNYBANK NEW YORK MELLON CORP COMhistory →COM0.32%$66M1.47M
93HIGHARTFORD FINL SVCS GROUP INC COMhistory →COM0.31%$64M1.05M
94CLCOLGATE PALMOLIVE CO COMhistory →COM0.30%$63M862.8K
95CINFCINCINNATI FINL CORP COMhistory →COM0.30%$63M537.9K
96CICIGNA CORP NEW COMhistory →COM0.30%$62M411.1K
97TROWPRICE T ROWE GROUP INC COMhistory →COM0.30%$62M544.2K
98ALLYALLY FINL INC COMhistory →COM0.29%$62M1.86M
99OMCOMNICOM GROUP INC COMhistory →COM0.29%$61M775.2K
100MDTMEDTRONIC PLC SHShistory →SHS0.28%$58M537.3K

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 ↗

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 ↗.