SEC 13F Intelligence

Managers / Q1 2020 · view latest →

PGGM Investments

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

Reported Value
$13.9B
Q1 2020
Positions
233
Filings on Record
30
2019–present window
Filed
Apr 20, 2020
original filing

Summary

Pggm Investments reported $13.9B in U.S.-listed holdings across 233 positions for Q1 2020.

Its largest position, PLD, represents 4.2% of the portfolio.

Compared with Q4 2019, the fund opened 30 new positions and exited 45.

Portfolio Metrics

Turnover
+11.3%
vs prior filed quarter
Top-10 Concentration
+24.3%
share of reported value
Largest Position
+4.2%
Prologis Inc Com
New / Exited
30 / 45
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: 49.6%REIT: 47.1%Other: 3.2%ADR: 0.1%
  • Common Stock · 49.6% · $6.9B
  • REIT · 47.1% · $6.5B
  • Other · 3.2% · $440M
  • ADR · 0.1% · $18M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HRUSDHEALTHCARE RLTY TR COMNEW+5.29M5.29M+$148M$148M
GOOGLALPHABET INC CAP STK CL ANEW+121.5K121.5K+$141M$141M
CTRECARETRUST REIT INC COMNEW+8.90M8.90M+$132M$132M
METAFACEBOOK INC CL ANEW+707.0K707.0K+$118M$118M
KOCOCA COLA CO COMNEW+1.69M1.69M+$75M$75M
AON PLC SHS CL ANEW+254.7K254.7K+$42M$42M
ADBEADOBE INC COMNEW+124.7K124.7K+$40M$40M
AMATAPPLIED MATLS INC COMNEW+812.0K812.0K+$37M$37M

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

Holdings — Q1 2020

233 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PLDPROLOGIS INC. COMhistory →COM4.15%$576M7.17M
2EQREQUITY RESIDENTIAL SH BEN INThistory →INT2.88%$400M6.48M
3EXREXTRA SPACE STORAGE INC COMhistory →COM2.70%$374M3.91M
4DLRDIGITAL RLTY TR INC COMhistory →COM2.36%$328M2.36M
5AVBAVALONBAY CMNTYS INC COMhistory →COM2.24%$310M2.11M
6REXRREXFORD INDL RLTY INC COMhistory →COM2.23%$310M7.55M
7KRCKILROY RLTY CORP COMhistory →COM2.21%$307M4.82M
8HUDSON PAC PPTYS INC COMCOM1.88%$261M10.29M
9MSFTMICROSOFT CORP COMhistory →COM1.85%$256M1.63M
10VICIVICI PPTYS INC COMhistory →COM1.84%$256M15.36M
11INVHINVITATION HOMES INC COMhistory →COM1.75%$243M11.36M
12DOCHEALTHPEAK PROPERTIES INC COMhistory →COM1.72%$238M10.00M
13AREALEXANDRIA REAL ESTATE EQ IN COMhistory →COM1.53%$212M1.55M
14SUISUN CMNTYS INC COMhistory →COM1.50%$208M1.66M
15AMHAMERICAN HOMES 4 RENT CL Ahistory →CLASS A1.47%$204M8.78M
16STORE CAP CORP COMCOM1.40%$194M10.73M
17CUBECUBESMART COMhistory →COM1.37%$190M7.11M
18WELLWELLTOWER INC COMhistory →COM1.33%$184M4.03M
19TRNOTERRENO RLTY CORP COMhistory →COM1.30%$180M3.48M
20REGREGENCY CTRS CORP COMhistory →COM1.29%$178M4.64M
21JNJJOHNSON JOHNSON COMhistory →COM1.27%$177M1.35M
22SPGSIMON PPTY GROUP INC NEW COMhistory →COM1.26%$175M3.19M
23BXPBOSTON PROPERTIES INC COMhistory →COM1.18%$164M1.78M
24AAPLAPPLE INC COMhistory →COM1.10%$152M597.9K
25QTS RLTY TR INC COM CL ACLASS A1.08%$150M2.59M
26HRUSDHEALTHCARE RLTY TR COMhistory →COM1.06%$148M5.29M
27FEDERAL REALTY INVT TR SH BEN INT NEWINT1.03%$142M1.91M
28GOOGLALPHABET INC CAP STK CL Ahistory →CLASS A1.02%$141M121.5K
29INTCINTEL CORP COMhistory →COM0.97%$135M2.49M
30VZVERIZON COMMUNICATIONS INC COMhistory →COM0.97%$134M2.50M
31MRKMERCK CO. INC COMhistory →COM0.97%$134M1.74M
32MDTMEDTRONIC PLC SHShistory →SHS0.96%$133M1.47M
33CTRECARETRUST REIT INC COMhistory →COM0.95%$132M8.90M
34PGPROCTER GAMBLE CO COMhistory →COM0.93%$129M1.17M
35GILDGILEAD SCIENCES INC COMhistory →COM0.92%$128M1.71M
36UNHUNITEDHEALTH GROUP INC COMhistory →COM0.89%$124M496.5K
37METAFACEBOOK INC CL Ahistory →CLASS A0.85%$118M707.0K
38SHOSUNSTONE HOTEL INVS INC NEW COMhistory →COM0.82%$114M13.13M
39TAT T INC COMhistory →COM0.80%$111M3.80M
40PFEPFIZER INC COMhistory →COM0.79%$109M3.35M
41VVISA INC COM CL Ahistory →CLASS A0.76%$106M656.8K
42PEPPEPSICO INC COMhistory →COM0.74%$103M857.4K
43BMYBRISTOL-MYERS SQUIBB CO COMhistory →COM0.74%$102M1.84M
44AMGNAMGEN INC COMhistory →COM0.73%$102M501.6K
45HSTHOST HOTELS RESORTS INC COMhistory →COM0.69%$96M8.66M
46ORCLORACLE CORP COMhistory →COM0.68%$95M1.96M
47WPCWP CAREY INC COMhistory →COM0.68%$94M1.63M
48CSCOCISCO SYS INC COMhistory →COM0.67%$93M2.36M
49EPRTESSENTIAL PPTYS RLTY TR INC COMhistory →COM0.66%$92M7.06M
50CMCSACOMCAST CORP NEW CL Ahistory →CLASS A0.64%$89M2.60M
51ABBVABBVIE INC COMhistory →COM0.63%$88M1.15M
52ACNACCENTURE PLC IRELAND SHS CLASS Ahistory →CLASS A0.62%$86M527.9K
53ABTABBOTT LABS COMhistory →COM0.62%$86M1.09M
54ESSESSEX PPTY TR INC COMhistory →COM0.61%$85M383.9K
55DELLDELL TECHNOLOGIES INC CL Chistory →CLASS C0.58%$80M2.03M
56LLYLILLY ELI CO COMhistory →COM0.55%$76M549.2K
57KOCOCA COLA CO COMhistory →COM0.54%$75M1.69M
58IBMINTERNATIONAL BUSINESS MACHS COMhistory →COM0.52%$72M645.2K
59TMOTHERMO FISHER SCIENTIFIC INC COMhistory →COM0.51%$70M248.2K
60KMBKIMBERLY CLARK CORP COMhistory →COM0.42%$58M452.1K
61CLCOLGATE PALMOLIVE CO COMhistory →COM0.41%$57M859.0K
62OREALTY INCOME CORP COMhistory →COM0.40%$56M1.12M
63MDLZMONDELEZ INTL INC CL Ahistory →CLASS A0.40%$56M1.12M
64ADPAUTOMATIC DATA PROCESSING IN COMhistory →COM0.40%$55M403.4K
65CCITIGROUP INC COM NEWhistory →COM0.37%$51M1.21M
66CBCHUBB LIMITED COMhistory →COM0.36%$50M449.1K
67ALLALLSTATE CORP COMhistory →COM0.35%$48M525.1K
68SYKSTRYKER CORP COMhistory →COM0.34%$47M283.5K
69GSGOLDMAN SACHS GROUP INC COMhistory →COM0.34%$47M301.6K
70DHRDANAHER CORPORATION COMhistory →COM0.32%$45M325.4K
71WMWASTE MGMT INC DEL COMhistory →COM0.32%$45M486.2K
72ETNEATON CORP PLC SHShistory →SHS0.32%$45M574.9K
73PSAPUBLIC STORAGE COMhistory →COM0.31%$43M216.2K
74HUMHUMANA INC COMhistory →COM0.31%$43M136.6K
75EXCEXELON CORP COMhistory →COM0.31%$43M1.16M
76AFLAFLAC INC COMhistory →COM0.30%$42M1.23M
77AON PLC SHS CL ACLASS A0.30%$42M254.7K
78MCKMCKESSON CORP COMhistory →COM0.30%$41M304.0K
79HAINHAIN CELESTIAL GROUP INC COMhistory →COM0.29%$41M1.57M
80BAXBAXTER INTL INC COMhistory →COM0.29%$40M489.6K
81ADBEADOBE INC COMhistory →COM0.29%$40M124.7K
82CITRIX SYS INC COMCOM0.29%$40M279.6K
83CICIGNA CORP NEW COMhistory →COM0.28%$40M223.1K
84MSMORGAN STANLEY COM NEWhistory →COM0.28%$39M1.16M
85TROWPRICE T ROWE GROUP INC COMhistory →COM0.28%$39M401.7K
86CMICUMMINS INC COMhistory →COM0.28%$38M283.0K
87OCOWENS CORNING NEW COMhistory →COM0.27%$37M959.0K
88AMATAPPLIED MATLS INC COMhistory →COM0.27%$37M812.0K
89TXNTEXAS INSTRS INC COMhistory →COM0.27%$37M370.0K
90HPQHP INC COMhistory →COM0.25%$35M2.01M
91CTSHCOGNIZANT TECHNOLOGY SOLUTIO CL Ahistory →CLASS A0.25%$34M735.5K
92EAELECTRONIC ARTS INC COMhistory →COM0.25%$34M339.7K
93EBAYEBAY INC COMhistory →COM0.24%$34M1.12M
94METMETLIFE INC COMhistory →COM0.24%$33M1.09M
95CHKPCHECK POINT SOFTWARE TECH LT ORDhistory →ORD0.24%$33M325.7K
96CERNER CORP COMCOM0.23%$32M511.5K
97ICEINTERCONTINENTAL EXCHANGE IN COMhistory →COM0.23%$32M393.9K
98KELKELLOGG CO COMhistory →COM0.23%$32M529.6K
99CYRUSONE INC COMCOM0.23%$31M508.7K
100GISGENERAL MLS INC COMhistory →COM0.23%$31M594.7K

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 ↗.