SEC 13F Intelligence

Managers / Q2 2020 · view latest →

PGGM Investments

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

Reported Value
$17.3B
Q2 2020
Positions
256
Filings on Record
30
2019–present window
Filed
Jul 17, 2020
original filing

Summary

Pggm Investments reported $17.3B in U.S.-listed holdings across 256 positions for Q2 2020.

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

Compared with Q1 2020, the fund opened 36 new positions and exited 13.

Portfolio Metrics

Turnover
+6.2%
vs prior filed quarter
Top-10 Concentration
+22.4%
share of reported value
Largest Position
+4.2%
Prologis Inc Com
New / Exited
36 / 13
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: 52.7%REIT: 44.4%Other: 2.7%ADR: 0.2%
  • Common Stock · 52.7% · $9.1B
  • REIT · 44.4% · $7.7B
  • Other · 2.7% · $459M
  • ADR · 0.2% · $35M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NNNNATIONAL RETAIL PROPERTIES I COMNEW+3.42M3.42M+$121M$121M
QCOMQUALCOMM INC COMNEW+975.6K975.6K+$89M$89M
OHIOMEGA HEALTHCARE INVS INC COMNEW+2.46M2.46M+$73M$73M
BIIBBIOGEN INC COMNEW+187.8K187.8K+$50M$50M
AONAON PLC SHS CL A ADDEDNEW+254.7K254.7K+$49M$49M
VRTXVERTEX PHARMACEUTICALS INC COMNEW+164.8K164.8K+$48M$48M
ALXNALEXION PHARMACEUTICALS INC COMNEW+327.2K327.2K+$37M$37M
BKNGBOOKING HOLDINGS INC COMNEW+19.6K19.6K+$31M$31M

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

Holdings — Q2 2020

256 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PLDPROLOGIS INC. COMhistory →COM4.25%$733M7.86M
2EQREQUITY RESIDENTIAL SH BEN INThistory →INT2.38%$411M6.98M
3EXREXTRA SPACE STORAGE INC COMhistory →COM2.17%$375M4.06M
4VICIVICI PPTYS INC COMhistory →COM2.12%$366M18.15M
5AVBAVALONBAY CMNTYS INC COMhistory →COM2.02%$349M2.26M
6MSFTMICROSOFT CORP COMhistory →COM1.95%$338M1.66M
7KRCKILROY RLTY CORP COMhistory →COM1.93%$333M5.68M
8REXRREXFORD INDL RLTY INC COMhistory →COM1.90%$328M7.92M
9INVHINVITATION HOMES INC COMhistory →COM1.85%$319M11.58M
10DOCHEALTHPEAK PROPERTIES INC COMhistory →COM1.84%$318M11.55M
11DLRDIGITAL RLTY TR INC COMhistory →COM1.65%$284M2.00M
12AAPLAPPLE INC COMhistory →COM1.62%$280M767.3K
13AREALEXANDRIA REAL ESTATE EQ IN COMhistory →COM1.60%$276M1.70M
14HUDSON PAC PPTYS INC COMCOM1.58%$273M10.84M
15OREALTY INCOME CORP COMhistory →COM1.57%$272M4.57M
16SPGSIMON PPTY GROUP INC NEW COMhistory →COM1.54%$267M3.90M
17AMHAMERICAN HOMES 4 RENT CL Ahistory →CLASS A1.47%$254M9.44M
18HSTHOST HOTELS RESORTS INC COMhistory →COM1.47%$253M23.47M
19SUISUN CMNTYS INC COMhistory →COM1.41%$243M1.79M
20WELLWELLTOWER INC COMhistory →COM1.26%$218M4.22M
21GOOGLALPHABET INC CAP STK CL Ahistory →CLASS A1.22%$211M149.1K
22REGREGENCY CTRS CORP COMhistory →COM1.22%$211M4.60M
23TRNOTERRENO RLTY CORP COMhistory →COM1.11%$192M3.65M
24JNJJOHNSON JOHNSON COMhistory →COM1.10%$190M1.35M
25METAFACEBOOK INC CL Ahistory →CLASS A1.09%$188M828.0K
26CUBECUBESMART COMhistory →COM1.08%$187M6.93M
27HRUSDHEALTHCARE RLTY TR COMhistory →COM1.06%$183M6.24M
28QTS RLTY TR INC COM CL ACLASS A1.02%$176M2.75M
29FEDERAL REALTY INVT TR SH BEN INT NEWINT1.01%$175M2.05M
30PGPROCTER AND GAMBLE CO COMhistory →COM0.88%$151M1.27M
31INTCINTEL CORP COMhistory →COM0.86%$149M2.49M
32UNHUNITEDHEALTH GROUP INC COMhistory →COM0.85%$147M497.3K
33TMOTHERMO FISHER SCIENTIFIC INC COMhistory →COM0.83%$143M394.6K
34VZVERIZON COMMUNICATIONS INC COMhistory →COM0.80%$138M2.51M
35CYRUSONE INC COMCOM0.79%$137M1.88M
36MDTMEDTRONIC PLC SHShistory →SHS0.79%$136M1.48M
37MRKMERCK CO. INC COMhistory →COM0.78%$135M1.74M
38CTRECARETRUST REIT INC COMhistory →COM0.74%$128M7.47M
39VVISA INC COM CL Ahistory →CLASS A0.74%$128M660.7K
40SL GREEN RLTY CORP COMCOM0.72%$124M2.52M
41TAT T INC COMhistory →COM0.71%$123M4.06M
42NNNNATIONAL RETAIL PROPERTIES I COMhistory →COM0.70%$121M3.42M
43CSCOCISCO SYS INC COMhistory →COM0.70%$120M2.58M
44AMGNAMGEN INC COMhistory →COM0.69%$119M502.5K
45ABTABBOTT LABS COMhistory →COM0.68%$117M1.28M
46ABBVABBVIE INC COMhistory →COM0.66%$115M1.17M
47GILDGILEAD SCIENCES INC COMhistory →COM0.66%$114M1.48M
48ACNACCENTURE PLC IRELAND SHS CLASS Ahistory →CLASS A0.66%$114M528.8K
49ADBEADOBE INC COMhistory →COM0.65%$113M258.8K
50DELLDELL TECHNOLOGIES INC CL Chistory →CLASS C0.65%$111M2.03M
51PFEPFIZER INC COMhistory →COM0.63%$110M3.35M
52ORCLORACLE CORP COMhistory →COM0.63%$109M1.97M
53BMYBRISTOL-MYERS SQUIBB CO COMhistory →COM0.63%$108M1.84M
54CMCSACOMCAST CORP NEW CL Ahistory →CLASS A0.62%$108M2.77M
55LLYLILLY ELI CO COMhistory →COM0.60%$104M630.6K
56PEPPEPSICO INC COMhistory →COM0.58%$100M756.3K
57ESSESSEX PPTY TR INC COMhistory →COM0.52%$90M390.9K
58QCOMQUALCOMM INC COMhistory →COM0.52%$89M975.6K
59WPCWP CAREY INC COMhistory →COM0.49%$84M1.25M
60IBMINTERNATIONAL BUSINESS MACHS COMhistory →COM0.45%$78M645.2K
61DHRDANAHER CORPORATION COMhistory →COM0.45%$77M436.5K
62KOCOCA COLA CO COMhistory →COM0.44%$76M1.69M
63OHIOMEGA HEALTHCARE INVS INC COMhistory →COM0.42%$73M2.46M
64CLCOLGATE PALMOLIVE CO COMhistory →COM0.39%$68M930.3K
65MDLZMONDELEZ INTL INC CL Ahistory →CLASS A0.38%$65M1.28M
66KMBKIMBERLY CLARK CORP COMhistory →COM0.37%$64M452.9K
67ADPAUTOMATIC DATA PROCESSING IN COMhistory →COM0.37%$64M428.3K
68GSGOLDMAN SACHS GROUP INC COMhistory →COM0.35%$60M301.6K
69TGTTARGET CORP COMhistory →COM0.34%$59M493.7K
70EBAYEBAY INC. COMhistory →COM0.34%$59M1.12M
71OCOWENS CORNING NEW COMhistory →COM0.33%$58M1.04M
72MSMORGAN STANLEY COM NEWhistory →COM0.32%$56M1.16M
73CBCHUBB LIMITED COMhistory →COM0.32%$55M435.9K
74BAXBAXTER INTL INC COMhistory →COM0.32%$55M640.0K
75CICIGNA CORP NEW COMhistory →COM0.32%$55M291.8K
76INTUINTUIT COMhistory →COM0.31%$54M183.7K
77WMWASTE MGMT INC DEL COMhistory →COM0.31%$54M511.7K
78HUMHUMANA INC COMhistory →COM0.31%$53M136.6K
79EAELECTRONIC ARTS INC COMhistory →COM0.30%$52M392.3K
80SYKSTRYKER CORPORATION COMhistory →COM0.30%$51M283.5K
81ETNEATON CORP PLC SHShistory →SHS0.29%$50M574.9K
82BIIBBIOGEN INC COMhistory →COM0.29%$50M187.8K
83AMATAPPLIED MATLS INC COMhistory →COM0.29%$50M824.1K
84TROWPRICE T ROWE GROUP INC COMhistory →COM0.29%$50M402.4K
85CMICUMMINS INC COMhistory →COM0.28%$49M283.5K
86AONAON PLC SHS CL A ADDEDhistory →CLASS A0.28%$49M254.7K
87VRTXVERTEX PHARMACEUTICALS INC COMhistory →COM0.28%$48M164.8K
88TXNTEXAS INSTRS INC COMhistory →COM0.27%$47M370.0K
89MCKMCKESSON CORP COMhistory →COM0.27%$47M304.5K
90CTSHCOGNIZANT TECHNOLOGY SOLUTIO CL Ahistory →CLASS A0.27%$46M815.1K
91HDHOME DEPOT INC COMhistory →COM0.27%$46M184.4K
92ALLALLSTATE CORP COMhistory →COM0.27%$46M472.4K
93HAINHAIN CELESTIAL GROUP INC COMhistory →COM0.26%$45M1.42M
94KRKROGER CO COMhistory →COM0.26%$44M1.31M
95AFLAFLAC INC COMhistory →COM0.26%$44M1.23M
96AWKAMERICAN WTR WKS CO INC NEW COMhistory →COM0.25%$44M339.0K
97SNPSSYNOPSYS INC COMhistory →COM0.25%$43M222.7K
98WBAWALGREENS BOOTS ALLIANCE INC COMhistory →COM0.25%$42M1.00M
99CDNSCADENCE DESIGN SYSTEM INC COMhistory →COM0.24%$42M438.8K
100EXCEXELON CORP COMhistory →COM0.24%$42M1.16M

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 ↗.