SEC 13F Intelligence

Managers / Q3 2021 · view latest →

PGGM Investments

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

Reported Value
$19.4B
Q3 2021
Positions
366
Filings on Record
29
2019–present window
Filed
Oct 22, 2021
original filing

Summary

Pggm Investments reported $19.4B in U.S.-listed holdings across 366 positions for Q3 2021.

Its largest position, AAPL, represents 3.4% of the portfolio.

Compared with Q2 2021, the fund opened 10 new positions and exited 78.

Portfolio Metrics

Turnover
+8.4%
vs prior filed quarter
Top-10 Concentration
+23.7%
share of reported value
Largest Position
+3.4%
Apple Inc Com
New / Exited
10 / 78
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: 58.8%REIT: 39.2%Other: 1.8%ADR: 0.1%
  • Common Stock · 58.8% · $11.4B
  • REIT · 39.2% · $7.6B
  • Other · 1.8% · $349M
  • ADR · 0.1% · $26M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COLDAMERICOLD RLTY TR COMNEW+8.88M8.88M+$258M$258M
ADIANALOG DEVICES INC COMNEW+183.1K183.1K+$31M$31M
NXPINXP SEMICONDUCTORS N V COMNEW+85.2K85.2K+$17M$17M
NEENEXTERA ENERGY INC COMNEW+148.0K148.0K+$12M$12M
GXOGXO LOGISTICS INCORPORATED COMMON STOCK ADDEDNEW+117.4K117.4K+$9M$9M
RVTYPERKINELMER INC COMNEW+19.2K19.2K+$3M$3M
ENPHENPHASE ENERGY INC COMNEW+18.5K18.5K+$3M$3M
MRNAMODERNA INC COMNEW+1.1K1.1K+$418,000$418,000

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

Holdings — Q3 2021

366 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INC COMhistory →COM3.41%$662M4.68M
2MSFTMICROSOFT CORP COMhistory →COM3.21%$622M2.21M
3AREALEXANDRIA REAL ESTATE EQ IN COMhistory →COM2.44%$473M2.48M
4INVHINVITATION HOMES INC COMhistory →COM2.31%$447M11.67M
5AVBAVALONBAY CMNTYS INC COMhistory →COM2.27%$440M1.99M
6PLDPROLOGIS INC. COMhistory →COM2.14%$415M3.31M
7WELLWELLTOWER INC COMhistory →COM2.05%$397M4.82M
8DOCHEALTHPEAK PROPERTIES INC COMhistory →COM2.03%$394M11.77M
9GOOGLALPHABET INC CAP STK CL Ahistory →CLASS A2.00%$387M144.7K
10VICIVICI PPTYS INC COMhistory →COM1.87%$362M12.73M
11EQIXEQUINIX INC COMhistory →COM1.81%$351M443.9K
12AMHAMERICAN HOMES 4 RENT CL Ahistory →CLASS A1.72%$333M8.75M
13CUBECUBESMART COMhistory →COM1.72%$333M6.88M
14SPGSIMON PPTY GROUP INC NEW COMhistory →COM1.71%$331M2.55M
15REXRREXFORD INDL RLTY INC COMhistory →COM1.55%$300M5.28M
16DLRDIGITAL RLTY TR INC COMhistory →COM1.46%$282M1.95M
17SUISUN CMNTYS INC COMhistory →COM1.37%$265M1.43M
18PKPARK HOTELS RESORTS INC COMhistory →COM1.36%$264M13.78M
19COLDAMERICOLD RLTY TR COMhistory →COM1.33%$258M8.88M
20REGREGENCY CTRS CORP COMhistory →COM1.26%$245M3.64M
21NNNNATIONAL RETAIL PROPERTIES I COMhistory →COM1.17%$226M5.23M
22AMZNAMAZON COM INC COMhistory →COM1.11%$215M65.5K
23DELLDELL TECHNOLOGIES INC CL Chistory →CLASS C1.10%$213M2.05M
24HUDSON PAC PPTYS INC COMCOM1.02%$197M7.49M
25EPRTESSENTIAL PPTYS RLTY TR INC COMhistory →COM0.86%$166M5.96M
26TMOTHERMO FISHER SCIENTIFIC INC COMhistory →COM0.85%$165M288.1K
27HDHOME DEPOT INC COMhistory →COM0.82%$159M485.0K
28KIMKIMCO RLTY CORP COMhistory →COM0.77%$148M7.15M
29TRNOTERRENO RLTY CORP COMhistory →COM0.75%$146M2.31M
30METAFACEBOOK INC CL Ahistory →CLASS A0.75%$145M425.9K
31LIFE STORAGE INC COMCOM0.72%$140M1.22M
32TXNTEXAS INSTRS INC COMhistory →COM0.69%$133M692.3K
33EXREXTRA SPACE STORAGE INC COMhistory →COM0.68%$133M790.0K
34SL GREEN RLTY CORP COMCOM0.65%$125M1.77M
35PSAPUBLIC STORAGE COMhistory →COM0.61%$118M396.0K
36MCDMCDONALDS CORP COMhistory →COM0.61%$117M486.6K
37UNHUNITEDHEALTH GROUP INC COMhistory →COM0.57%$111M285.2K
38PGPROCTER AND GAMBLE CO COMhistory →COM0.56%$108M773.1K
39EXPDEXPEDITORS INTL WASH INC COMhistory →COM0.53%$104M869.1K
40ACNACCENTURE PLC IRELAND SHS CLASS Ahistory →CLASS A0.53%$103M323.2K
41SPGIS P GLOBAL INC COMhistory →COM0.52%$102M239.0K
42QCOMQUALCOMM INC COMhistory →COM0.49%$95M732.9K
43ORLYOREILLY AUTOMOTIVE INC COMhistory →COM0.48%$93M152.1K
44YUMYUM BRANDS INC COMhistory →COM0.47%$90M739.5K
45MRKMERCK CO INC COMhistory →COM0.46%$89M1.19M
46CYRUSONE INC COMCOM0.46%$89M1.15M
47JPMJPMORGAN CHASE CO COMhistory →COM0.45%$88M537.9K
48LOWLOWES COS INC COMhistory →COM0.45%$87M429.8K
49HEALTHCARE TR AMER INC CL A NEWCLASS A0.45%$87M2.92M
50ABBVABBVIE INC COMhistory →COM0.44%$86M799.2K
51EQREQUITY RESIDENTIAL SH BEN INThistory →INT0.43%$84M1.04M
52MDTMEDTRONIC PLC SHShistory →SHS0.43%$84M669.7K
53SFMSPROUTS FMRS MKT INC COMhistory →COM0.42%$82M3.54M
54VZVERIZON COMMUNICATIONS INC COMhistory →COM0.41%$79M1.46M
55ABTABBOTT LABS COMhistory →COM0.40%$78M663.3K
56UPSUNITED PARCEL SERVICE INC CL Bhistory →CLASS B0.40%$78M427.7K
57INTCINTEL CORP COMhistory →COM0.40%$78M1.46M
58ITWILLINOIS TOOL WKS INC COMhistory →COM0.40%$77M374.9K
59OCOWENS CORNING NEW COMhistory →COM0.39%$76M892.2K
60ADBEADOBE SYSTEMS INCORPORATED COMhistory →COM0.38%$74M128.7K
61SHWSHERWIN WILLIAMS CO COMhistory →COM0.38%$73M262.4K
62AZOAUTOZONE INC COMhistory →COM0.37%$72M42.7K
63ORCLORACLE CORP COMhistory →COM0.37%$72M829.4K
64CLCOLGATE PALMOLIVE CO COMhistory →COM0.37%$72M948.2K
65BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEWhistory →CLASS B0.35%$69M252.0K
66TROWPRICE T ROWE GROUP INC COMhistory →COM0.35%$69M348.8K
67PEPPEPSICO INC COMhistory →COM0.35%$69M455.9K
68CSCOCISCO SYS INC COMhistory →COM0.34%$66M1.20M
69ADPAUTOMATIC DATA PROCESSING IN COMhistory →COM0.32%$63M313.0K
70AAGILENT TECHNOLOGIES INC COMhistory →COM0.32%$63M396.9K
71ITRIITRON INC COMhistory →COM0.32%$62M825.5K
72TGTTARGET CORP COMhistory →COM0.32%$62M270.6K
73JCIJOHNSON CTLS INTL PLC SHShistory →CLASS A0.31%$60M879.6K
74MCKMCKESSON CORP COMhistory →COM0.30%$59M295.5K
75MDLZMONDELEZ INTL INC CL Ahistory →CLASS A0.30%$59M1.01M
76ALLALLSTATE CORP COMhistory →COM0.30%$58M458.6K
77WATWATERS CORP COMhistory →COM0.30%$58M162.3K
78OTISOTIS WORLDWIDE CORP COMhistory →COM0.30%$58M701.2K
79STORE CAP CORP COMCOM0.29%$56M1.75M
80MSIMOTOROLA SOLUTIONS INC COM NEWhistory →COM0.29%$56M240.1K
81VVISA INC COM CL Ahistory →CLASS A0.28%$55M244.8K
82MASMASCO CORP COMhistory →COM0.28%$54M977.9K
83DGXQUEST DIAGNOSTICS INC COMhistory →COM0.28%$54M371.1K
84CMICUMMINS INC COMhistory →CLASS C0.27%$53M234.6K
85ELVANTHEM INC COMhistory →COM0.27%$52M140.2K
86SBUXSTARBUCKS CORP COMhistory →COM0.27%$52M472.3K
87CHTRCHARTER COMMUNICATIONS INC N CL Ahistory →CLASS A0.27%$52M71.4K
88UNPUNION PAC CORP COMhistory →COM0.27%$52M265.0K
89MTDMETTLER TOLEDO INTERNATIONAL COMhistory →COM0.27%$52M37.7K
90PAYXPAYCHEX INC COMhistory →COM0.27%$52M459.7K
91GRMNGARMIN LTD SHShistory →SHS0.27%$52M332.4K
92CTVACORTEVA INC COMhistory →COM0.27%$51M1.22M
93DOVDOVER CORP COMhistory →COM0.26%$51M330.3K
94MAMASTERCARD INCORPORATED CL Ahistory →CLASS A0.26%$51M147.5K
95HSYHERSHEY CO COMhistory →COM0.26%$51M299.9K
96FASTFASTENAL CO COMhistory →COM0.26%$50M968.4K
97KEYSKEYSIGHT TECHNOLOGIES INC COMhistory →COM0.26%$49M301.0K
98LLYLILLY ELI CO COMhistory →COM0.25%$49M213.6K
99CDWCDW CORP COMhistory →COM0.25%$48M264.2K
100ZTSZOETIS INC CL Ahistory →CLASS A0.25%$48M245.7K

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 ↗

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 ↗.