SEC 13F Intelligence

Managers / Q2 2021 · view latest →

PGGM Investments

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

Reported Value
$23.6B
Q2 2021
Positions
434
Filings on Record
30
2019–present window
Filed
Jul 22, 2021
original filing

Summary

Pggm Investments reported $23.6B in U.S.-listed holdings across 434 positions for Q2 2021.

Its largest position, PLD, represents 4.3% of the portfolio.

Compared with Q1 2021, the fund opened 87 new positions and exited 22.

Portfolio Metrics

Turnover
+9.1%
vs prior filed quarter
Top-10 Concentration
+27.5%
share of reported value
Largest Position
+4.3%
Prologis Inc Com
New / Exited
87 / 22
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: 50.8%REIT: 47.1%Other: 2.0%ADR: 0.1%
  • Common Stock · 50.8% · $12.0B
  • REIT · 47.1% · $11.1B
  • Other · 2.0% · $467M
  • ADR · 0.1% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EQIXEQUINIX INC COMNEW+204.2K204.2K+$164M$164M
STXSEAGATE TECHNOLOGY HLDNGS PL ORD SHS ADDEDNEW+400.6K400.6K+$35M$35M
KIMKIMCO RLTY CORP COMNEW+1.30M1.30M+$27M$27M
ANNALY CAPITAL MANAGEMENT IN COMNEW+2.08M2.08M+$18M$18M
OREALTY INCOME CORP COMNEW+184.1K184.1K+$12M$12M
PFEPFIZER INC COMNEW+254.3K254.3K+$10M$10M
YUMCYUM CHINA HLDGS INC COMNEW+143.6K143.6K+$10M$10M
SEDGSOLAREDGE TECHNOLOGIES INC COMNEW+31.5K31.5K+$9M$9M

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

Holdings — Q2 2021

434 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PLDPROLOGIS INC. COMhistory →COM4.35%$1.0B8.58M
2AREALEXANDRIA REAL ESTATE EQ IN COMhistory →COM2.88%$680M3.74M
3WELLWELLTOWER INC COMhistory →COM2.86%$675M8.13M
4INVHINVITATION HOMES INC COMhistory →COM2.74%$647M17.34M
5AVBAVALONBAY CMNTYS INC COMhistory →COM2.60%$614M2.94M
6DOCHEALTHPEAK PROPERTIES INC COMhistory →COM2.48%$584M17.56M
7VICIVICI PPTYS INC COMhistory →COM2.43%$574M18.51M
8AAPLAPPLE INC COMhistory →COM2.42%$572M4.17M
9CUBECUBESMART COMhistory →COM2.37%$559M12.07M
10MSFTMICROSOFT CORP COMhistory →COM2.32%$548M2.02M
11AMHAMERICAN HOMES 4 RENT CL Ahistory →CLASS A2.28%$537M13.82M
12SPGSIMON PPTY GROUP INC NEW COMhistory →COM2.16%$510M3.91M
13REXRREXFORD INDL RLTY INC COMhistory →COM1.96%$462M8.11M
14PKPARK HOTELS RESORTS INC COMhistory →COM1.80%$425M20.62M
15DLRDIGITAL RLTY TR INC COMhistory →COM1.69%$399M2.65M
16NNNNATIONAL RETAIL PROPERTIES I COMhistory →COM1.59%$376M8.03M
17SUISUN CMNTYS INC COMhistory →COM1.52%$358M2.09M
18REGREGENCY CTRS CORP COMhistory →COM1.50%$353M5.51M
19GOOGLALPHABET INC CAP STK CL Ahistory →CLASS A1.47%$347M142.1K
20HUDSON PAC PPTYS INC COMCOM1.34%$316M11.37M
21EXREXTRA SPACE STORAGE INC COMhistory →COM1.17%$276M1.68M
22EPRTESSENTIAL PPTYS RLTY TR INC COMhistory →COM1.04%$246M9.10M
23SL GREEN RLTY CORP COMCOM1.01%$239M2.99M
24TRNOTERRENO RLTY CORP COMhistory →COM0.96%$227M3.52M
25QTS RLTY TR INC COM CL ACLASS A0.96%$227M2.93M
26AMZNAMAZON COM INC COMhistory →COM0.96%$226M65.7K
27FEDERAL RLTY INVT TR SH BEN INT NEWINT0.95%$224M1.91M
28DELLDELL TECHNOLOGIES INC CL Chistory →CLASS C0.92%$217M2.18M
29HDHOME DEPOT INC COMhistory →COM0.88%$208M652.2K
30TMOTHERMO FISHER SCIENTIFIC INC COMhistory →COM0.73%$171M339.2K
31EQIXEQUINIX INC COMhistory →COM0.69%$164M204.2K
32UNHUNITEDHEALTH GROUP INC COMhistory →COM0.65%$154M383.7K
33PGPROCTER AND GAMBLE CO COMhistory →COM0.61%$145M1.07M
34TXNTEXAS INSTRS INC COMhistory →COM0.57%$133M694.1K
35EXPDEXPEDITORS INTL WASH INC COMhistory →COM0.55%$130M1.03M
36LIFE STORAGE INC COMCOM0.55%$129M1.21M
37CYRUSONE INC COMCOM0.53%$125M1.75M
38HEALTHCARE TR AMER INC CL A NEWCLASS A0.51%$119M4.46M
39MCDMCDONALDS CORP COMhistory →COM0.50%$118M511.5K
40LOWLOWES COS INC COMhistory →COM0.47%$111M571.6K
41VZVERIZON COMMUNICATIONS INC COMhistory →COM0.46%$109M1.94M
42MRKMERCK CO INC COMhistory →COM0.45%$105M1.35M
43CLCOLGATE PALMOLIVE CO COMhistory →COM0.44%$105M1.29M
44EQREQUITY RESIDENTIAL SH BEN INThistory →INT0.44%$104M1.35M
45METAFACEBOOK INC CL Ahistory →CLASS A0.44%$103M295.6K
46SPGIS P GLOBAL INC COMhistory →COM0.41%$98M238.0K
47JPMJPMORGAN CHASE CO COMhistory →COM0.41%$96M617.9K
48ACNACCENTURE PLC IRELAND SHS CLASS Ahistory →CLASS A0.41%$96M326.0K
49UPSUNITED PARCEL SERVICE INC CL Bhistory →CLASS B0.39%$93M446.5K
50STORE CAP CORP COMCOM0.39%$92M2.68M
51ORCLORACLE CORP COMhistory →COM0.38%$90M1.15M
52SFMSPROUTS FMRS MKT INC COMhistory →COM0.37%$88M3.54M
53TGTTARGET CORP COMhistory →COM0.37%$88M363.4K
54OCOWENS CORNING NEW COMhistory →COM0.37%$87M892.2K
55QCOMQUALCOMM INC COMhistory →COM0.36%$85M595.2K
56MDTMEDTRONIC PLC SHShistory →SHS0.36%$84M678.5K
57PEPPEPSICO INC COMhistory →COM0.35%$83M560.9K
58ABTABBOTT LABS COMhistory →COM0.34%$80M691.8K
59MDLZMONDELEZ INTL INC CL Ahistory →CLASS A0.33%$78M1.25M
60ITRIITRON INC COMhistory →COM0.33%$78M775.5K
61ORLYOREILLY AUTOMOTIVE INC COMhistory →COM0.33%$77M136.7K
62TROWPRICE T ROWE GROUP INC COMhistory →COM0.33%$77M388.8K
63ITWILLINOIS TOOL WKS INC COMhistory →COM0.32%$75M337.3K
64YUMYUM BRANDS INC COMhistory →COM0.31%$74M643.6K
65CHTRCHARTER COMMUNICATIONS INC N CL Ahistory →CLASS A0.30%$72M99.6K
66SHWSHERWIN WILLIAMS CO COMhistory →COM0.30%$71M262.2K
67ABBVABBVIE INC COMhistory →COM0.29%$70M617.8K
68ADBEADOBE SYSTEMS INCORPORATED COMhistory →COM0.29%$69M117.9K
69CSCOCISCO SYS INC COMhistory →COM0.29%$68M1.28M
70CMICUMMINS INC COMhistory →COM0.28%$67M275.6K
71VVISA INC COM CL Ahistory →CLASS A0.28%$67M285.2K
72BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEWhistory →CLASS B0.27%$65M233.1K
73AZOAUTOZONE INC COMhistory →COM0.27%$64M42.7K
74BACBK OF AMERICA CORP COMhistory →COM0.27%$63M1.52M
75AWKAMERICAN WTR WKS CO INC NEW COMhistory →COM0.26%$62M404.6K
76ADPAUTOMATIC DATA PROCESSING IN COMhistory →COM0.26%$62M312.3K
77AAGILENT TECHNOLOGIES INC COMhistory →COM0.26%$62M416.6K
78HPQHP INC COMhistory →COM0.26%$61M2.03M
79ALLALLSTATE CORP COMhistory →COM0.25%$60M459.2K
80JCIJOHNSON CTLS INTL PLC SHShistory →SHS0.25%$59M861.8K
81MCKMCKESSON CORP COMhistory →COM0.25%$59M308.6K
82KMBKIMBERLY-CLARK CORP COMhistory →COM0.25%$59M439.4K
83UNPUNION PAC CORP COMhistory →COM0.25%$59M266.5K
84MASMASCO CORP COMhistory →COM0.24%$58M978.3K
85INTCINTEL CORP COMhistory →COM0.24%$57M1.02M
86HUMHUMANA INC COMhistory →COM0.24%$57M129.1K
87MAMASTERCARD INCORPORATED CL Ahistory →CLASS A0.24%$57M156.4K
88CTVACORTEVA INC COMhistory →COM0.24%$57M1.28M
89NUENUCOR CORP COMhistory →COM0.24%$56M579.1K
90BBYBEST BUY INC COMhistory →COM0.23%$55M481.1K
91WATWATERS CORP COMhistory →COM0.23%$55M158.7K
92LLYLILLY ELI CO COMhistory →COM0.23%$53M232.9K
93KLACKLA CORP COM NEWhistory →COM0.22%$53M162.2K
94MSIMOTOROLA SOLUTIONS INC COM NEWhistory →COM0.22%$52M240.7K
95HSYHERSHEY CO COMhistory →COM0.22%$52M298.9K
96MTDMETTLER TOLEDO INTERNATIONAL COMhistory →COM0.22%$51M36.9K
97ETNEATON CORP PLC SHShistory →SHS0.22%$51M344.3K
98ELVANTHEM INC COMhistory →COM0.22%$51M133.3K
99DEDEERE CO COMhistory →COM0.21%$51M143.7K
100GWWGRAINGER W W INC COMhistory →COM0.21%$50M114.0K

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 ↗.