SEC 13F Intelligence

Managers / Q3 2020 · view latest →

PGGM Investments

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

Reported Value
$19.1B
Q3 2020
Positions
247
Filings on Record
30
2019–present window
Filed
Oct 20, 2020
original filing

Summary

Pggm Investments reported $19.1B in U.S.-listed holdings across 247 positions for Q3 2020.

Its largest position, PLD, represents 4.5% of the portfolio.

Compared with Q2 2020, the fund opened 12 new positions and exited 21.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+23.5%
share of reported value
Largest Position
+4.5%
Prologis Inc Com
New / Exited
12 / 21
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: 54.0%REIT: 43.7%Other: 2.1%ADR: 0.1%
  • Common Stock · 54.0% · $10.3B
  • REIT · 43.7% · $8.4B
  • Other · 2.1% · $399M
  • ADR · 0.1% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MMM3M CO COMNEW+356.7K356.7K+$57M$57M
BNYBANK NEW YORK MELLON CORP COMNEW+1.29M1.29M+$44M$44M
KEYSKEYSIGHT TECHNOLOGIES INC COMNEW+355.1K355.1K+$35M$35M
ACTIVISION BLIZZARD INC COMNEW+382.1K382.1K+$31M$31M
CSXCSX CORP COMNEW+396.2K396.2K+$31M$31M
LHXL3HARRIS TECHNOLOGIES INC COMNEW+89.2K89.2K+$15M$15M
VMWARE INC CL A COMNEW+71.1K71.1K+$10M$10M
DLTRDOLLAR TREE INC COMNEW+101.6K101.6K+$9M$9M

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

Holdings — Q3 2020

247 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PLDPROLOGIS INC. COMhistory →COM4.51%$863M8.58M
2DOCHEALTHPEAK PROPERTIES INC COMhistory →COM2.54%$486M17.91M
3EXREXTRA SPACE STORAGE INC COMhistory →COM2.45%$470M4.39M
4VICIVICI PPTYS INC COMhistory →COM2.39%$457M19.54M
5EQREQUITY RESIDENTIAL SH BEN INThistory →INT2.03%$388M7.56M
6NNNNATIONAL RETAIL PROPERTIES I COMhistory →COM1.99%$380M11.01M
7REXRREXFORD INDL RLTY INC COMhistory →COM1.98%$379M8.29M
8AVBAVALONBAY CMNTYS INC COMhistory →COM1.90%$363M2.43M
9MSFTMICROSOFT CORP COMhistory →COM1.89%$362M1.72M
10AAPLAPPLE INC COMhistory →COM1.86%$355M3.07M
11WELLWELLTOWER INC COMhistory →COM1.85%$354M6.42M
12INVHINVITATION HOMES INC COMhistory →COM1.82%$348M12.42M
13KRCKILROY RLTY CORP COMhistory →COM1.77%$339M6.51M
14DLRDIGITAL RLTY TR INC COMhistory →COM1.68%$321M2.19M
15AMHAMERICAN HOMES 4 RENT CL Ahistory →CLASS A1.53%$292M10.25M
16SPGSIMON PPTY GROUP INC NEW COMhistory →COM1.43%$274M4.23M
17SUISUN CMNTYS INC COMhistory →COM1.43%$273M1.94M
18HSTHOST HOTELS RESORTS INC COMhistory →COM1.33%$255M23.63M
19HUDSON PAC PPTYS INC COMCOM1.32%$254M11.56M
20CUBECUBESMART COMhistory →COM1.24%$237M7.35M
21GOOGLALPHABET INC CAP STK CL Ahistory →CLASS A1.21%$232M158.0K
22OHIOMEGA HEALTHCARE INVS INC COMhistory →COM1.20%$230M7.68M
23METAFACEBOOK INC CL Ahistory →CLASS A1.13%$217M828.0K
24AREALEXANDRIA REAL ESTATE EQ IN COMhistory →COM1.08%$207M1.30M
25TRNOTERRENO RLTY CORP COMhistory →COM1.08%$207M3.78M
26JNJJOHNSON JOHNSON COMhistory →COM1.05%$201M1.35M
27SL GREEN RLTY CORP COMCOM1.01%$194M4.18M
28REGREGENCY CTRS CORP COMhistory →COM0.98%$188M4.95M
29QTS RLTY TR INC COM CL ACLASS A0.97%$186M2.95M
30OREALTY INCOME CORP COMhistory →COM0.93%$177M2.91M
31PGPROCTER AND GAMBLE CO COMhistory →COM0.92%$176M1.27M
32MDTMEDTRONIC PLC SHShistory →SHS0.88%$168M1.62M
33TMOTHERMO FISHER SCIENTIFIC INC COMhistory →COM0.88%$168M380.6K
34FEDERAL RLTY INVT TR SH BEN INT NEWINT0.86%$164M2.23M
35UNHUNITEDHEALTH GROUP INC COMhistory →COM0.82%$158M505.3K
36VVISA INC COM CL Ahistory →CLASS A0.80%$154M767.9K
37VZVERIZON COMMUNICATIONS INC COMhistory →COM0.78%$150M2.52M
38MRKMERCK CO. INC COMhistory →COM0.76%$145M1.74M
39CYRUSONE INC COMCOM0.75%$143M2.04M
40DELLDELL TECHNOLOGIES INC CL Chistory →CLASS C0.72%$137M2.03M
41INTCINTEL CORP COMhistory →COM0.72%$137M2.65M
42ABTABBOTT LABS COMhistory →COM0.71%$136M1.25M
43CMCSACOMCAST CORP NEW CL Ahistory →CLASS A0.70%$134M2.90M
44ADBEADOBE SYSTEMS INCORPORATED COMhistory →COM0.69%$132M269.4K
45ABBVABBVIE INC COMhistory →COM0.69%$132M1.51M
46AMGNAMGEN INC COMhistory →COM0.67%$128M502.5K
47PFEPFIZER INC COMhistory →COM0.65%$125M3.40M
48TAT T INC COMhistory →COM0.64%$122M4.27M
49ACNACCENTURE PLC IRELAND SHS CLASS Ahistory →CLASS A0.62%$120M528.8K
50ORCLORACLE CORP COMhistory →COM0.61%$117M1.97M
51CSCOCISCO SYS INC COMhistory →COM0.61%$117M2.97M
52BMYBRISTOL-MYERS SQUIBB CO COMhistory →COM0.58%$111M1.84M
53GILDGILEAD SCIENCES INC COMhistory →COM0.55%$106M1.67M
54PEPPEPSICO INC COMhistory →COM0.55%$105M756.3K
55LLYLILLY ELI CO COMhistory →COM0.53%$102M687.5K
56QCOMQUALCOMM INC COMhistory →COM0.52%$99M843.1K
57ESSESSEX PPTY TR INC COMhistory →COM0.44%$83M415.3K
58CHTRCHARTER COMMUNICATIONS INC N CL Ahistory →CLASS A0.43%$82M131.1K
59TGTTARGET CORP COMhistory →COM0.42%$80M510.9K
60MDLZMONDELEZ INTL INC CL Ahistory →CLASS A0.41%$79M1.38M
61IBMINTERNATIONAL BUSINESS MACHS COMhistory →COM0.41%$78M645.2K
62HDHOME DEPOT INC COMhistory →COM0.40%$77M276.8K
63CLCOLGATE PALMOLIVE CO COMhistory →COM0.40%$76M984.3K
64MAMASTERCARD INCORPORATED CL Ahistory →CLASS A0.39%$75M221.3K
65VRTXVERTEX PHARMACEUTICALS INC COMhistory →COM0.39%$75M274.5K
66OCOWENS CORNING NEW COMhistory →COM0.38%$73M1.07M
67PYPLPAYPAL HLDGS INC COMhistory →COM0.37%$70M354.9K
68KMBKIMBERLY CLARK CORP COMhistory →COM0.35%$67M452.9K
69INTUINTUIT COMhistory →COM0.34%$65M200.2K
70DHRDANAHER CORPORATION COMhistory →COM0.33%$64M296.2K
71ADPAUTOMATIC DATA PROCESSING IN COMhistory →COM0.32%$61M435.0K
72GSGOLDMAN SACHS GROUP INC COMhistory →COM0.32%$61M301.6K
73CMICUMMINS INC COMhistory →COM0.31%$60M283.5K
74SYKSTRYKER CORPORATION COMhistory →COM0.31%$59M283.5K
75ETNEATON CORP PLC SHShistory →SHS0.31%$59M574.9K
76EBAYEBAY INC. COMhistory →COM0.30%$58M1.12M
77WMWASTE MGMT INC DEL COMhistory →COM0.30%$58M511.7K
78CTSHCOGNIZANT TECHNOLOGY SOLUTIO CL Ahistory →CLASS A0.30%$57M825.8K
79MMM3M CO COMhistory →COM0.30%$57M356.7K
80HUMHUMANA INC COMhistory →COM0.30%$57M136.6K
81BIIBBIOGEN INC COMhistory →COM0.29%$56M197.1K
82MSMORGAN STANLEY COM NEWhistory →COM0.29%$56M1.16M
83BAXBAXTER INTL INC COMhistory →COM0.29%$56M693.2K
84UNPUNION PAC CORP COMhistory →COM0.28%$54M276.3K
85KOCOCA COLA CO COMhistory →COM0.28%$54M1.09M
86TXNTEXAS INSTRS INC COMhistory →COM0.28%$53M370.0K
87AONAON PLC SHS CL Ahistory →CLASS A0.27%$53M254.7K
88CICIGNA CORP NEW COMhistory →COM0.27%$52M309.0K
89TROWPRICE T ROWE GROUP INC COMhistory →COM0.27%$52M402.4K
90EAELECTRONIC ARTS INC COMhistory →COM0.27%$51M392.3K
91SNPSSYNOPSYS INC COMhistory →COM0.26%$50M234.7K
92AMATAPPLIED MATLS INC COMhistory →COM0.26%$49M824.1K
93ALXNALEXION PHARMACEUTICALS INC COMhistory →COM0.25%$49M426.2K
94PSAPUBLIC STORAGE COMhistory →COM0.25%$48M216.5K
95CDNSCADENCE DESIGN SYSTEM INC COMhistory →COM0.24%$47M438.8K
96KRKROGER CO COMhistory →COM0.24%$46M1.36M
97ALLALLSTATE CORP COMhistory →COM0.24%$46M484.8K
98MCKMCKESSON CORP COMhistory →COM0.24%$45M304.5K
99CERNER CORP COMCOM0.23%$45M618.4K
100AFLAFLAC INC COMhistory →COM0.23%$45M1.23M

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 ↗.