SEC 13F Intelligence

Managers / Q3 2022 · view latest →

PGGM Investments

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

Reported Value
$5.7B
Q3 2022
Positions
382
Filings on Record
29
2019–present window
Filed
Nov 10, 2022
amendment (RESTATEMENT)

Summary

Pggm Investments reported $5.7B in U.S.-listed holdings across 382 positions for Q3 2022.

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

Compared with Q1 2022, the fund opened 90 new positions and exited 74.

Portfolio Metrics

Turnover
+8.8%
vs prior filed quarter
Top-10 Concentration
+25.0%
share of reported value
Largest Position
+3.4%
Equinix Inc Com
New / Exited
90 / 74
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: 55.0%REIT: 42.8%Other: 1.8%ADR: 0.4%
  • Common Stock · 55.0% · $3.1B
  • REIT · 42.8% · $2.4B
  • Other · 1.8% · $103M
  • ADR · 0.4% · $22M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
CPTCAMDEN PPTY TR SH BEN INTNEW+1.04M1.04M+$124M$124M
KRCKILROY RLTY CORP COMNEW+1.92M1.92M+$81M$81M
CUZCOUSINS PPTYS INC COM NEWNEW+2.79M2.79M+$65M$65M
SITCSITE CTRS CORP COMNEW+5.27M5.27M+$56M$56M
EPREPR PPTYS COM SH BEN INTNEW+1.34M1.34M+$48M$48M
ADMARCHER DANIELS MIDLAND CO COMNEW+330.9K330.9K+$27M$27M
ILMNILLUMINA INC COMNEW+104.8K104.8K+$20M$20M
SLGSL GREEN RLTY CORP COMNEW+490.1K490.1K+$20M$20M

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

Holdings — Q3 2022

382 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EQIXEQUINIX INC COMhistory →COM3.40%$193M340.0K
2PLDPROLOGIS INC. COMhistory →COM3.22%$183M1.80M
3AAPLAPPLE INC COMhistory →COM2.93%$166M1.20M
4INVHINVITATION HOMES INC COMhistory →COM2.60%$148M4.38M
5SUISUN CMNTYS INC COMhistory →COM2.36%$134M993.8K
6CPTCAMDEN PPTY TR SH BEN INThistory →CLASS A2.18%$124M1.04M
7UDRUDR INC COMhistory →COM2.17%$124M2.96M
8DOCHEALTHPEAK PROPERTIES INC COMhistory →COM2.14%$121M5.30M
9MSFTMICROSOFT CORP COMhistory →COM2.05%$116M499.8K
10TMOTHERMO FISHER SCIENTIFIC INC COMhistory →COM1.94%$110M217.1K
11CUBECUBESMART COMhistory →COM1.91%$109M2.72M
12REXRREXFORD INDL RLTY INC COMhistory →COM1.89%$108M2.07M
13NNNNATIONAL RETAIL PROPERTIES I COMhistory →COM1.89%$108M2.70M
14LIFE STORAGE INC COMCOM1.84%$104M943.1K
15SPGSIMON PPTY GROUP INC NEW COMhistory →COM1.73%$98M1.10M
16TRNOTERRENO RLTY CORP COMhistory →COM1.69%$96M1.81M
17REGREGENCY CTRS CORP COMhistory →COM1.64%$93M1.73M
18PKPARK HOTELS RESORTS INC COMhistory →COM1.50%$86M7.60M
19WPCWP CAREY INC COMhistory →COM1.50%$85M1.22M
20KRCKILROY RLTY CORP COMhistory →COM1.42%$81M1.92M
21MDTMEDTRONIC PLC SHShistory →SHS1.35%$77M951.6K
22GOOGLALPHABET INC CAP STK CL Ahistory →CLASS A1.32%$75M785.7K
23WELLWELLTOWER INC COMhistory →COM1.27%$73M1.13M
24CUZCOUSINS PPTYS INC COM NEWhistory →COM1.14%$65M2.79M
25OREALTY INCOME CORP COMhistory →COM1.12%$64M1.09M
26SFMSPROUTS FMRS MKT INC COMhistory →COM1.11%$63M2.27M
27DLRDIGITAL RLTY TR INC COMhistory →COM1.05%$60M601.1K
28CTVACORTEVA INC COMhistory →COM1.03%$58M1.02M
29SITCSITE CTRS CORP COMhistory →COM0.99%$56M5.27M
30VICIVICI PPTYS INC COMhistory →COM0.99%$56M1.88M
31FMCFMC CORP COM NEWhistory →COM0.98%$56M525.8K
32PSAPUBLIC STORAGE COMhistory →COM0.91%$52M176.1K
33EPREPR PPTYS COM SH BEN INThistory →INT0.84%$48M1.34M
34OCOWENS CORNING NEW COMhistory →COM0.84%$48M605.0K
35HUDSON PAC PPTYS INC COMCOM0.71%$40M3.67M
36TSLATESLA INC COMhistory →COM0.66%$38M142.5K
37ADECOAGRO S A COMCOM0.66%$37M4.50M
38ITRIITRON INC COMhistory →COM0.65%$37M872.5K
39HAINHAIN CELESTIAL GROUP INC COMhistory →COM0.61%$35M2.06M
40UNHUNITEDHEALTH GROUP INC COMhistory →COM0.59%$34M66.4K
41AMZNAMAZON COM INC COMhistory →COM0.58%$33M291.1K
42REGNREGENERON PHARMACEUTICALS COMhistory →COM0.54%$31M44.7K
43PEPPEPSICO INC COMhistory →COM0.53%$30M183.7K
44ABTABBOTT LABS COMhistory →COM0.48%$27M279.9K
45ADMARCHER DANIELS MIDLAND CO COMhistory →COM0.47%$27M330.9K
46MCKMCKESSON CORP COMhistory →COM0.46%$26M77.0K
47KOCOCA COLA CO COMhistory →COM0.44%$25M441.8K
48MCDMCDONALDS CORP COMhistory →COM0.41%$23M101.6K
49VVISA INC COM CL Ahistory →CLASS A0.40%$23M128.9K
50CVXCHEVRON CORP NEW COMhistory →COM0.39%$22M153.1K
51PNRPENTAIR PLC SHShistory →SHS0.38%$22M537.9K
52PGPROCTER AND GAMBLE CO COMhistory →COM0.38%$22M172.2K
53LOWLOWES COS INC COMhistory →COM0.38%$21M114.4K
54AMGNAMGEN INC COMhistory →COM0.37%$21M94.6K
55NEENEXTERA ENERGY INC COMhistory →COM0.37%$21M265.0K
56INCYINCYTE CORP COMhistory →COM0.36%$21M308.4K
57ILMNILLUMINA INC COMhistory →COM0.35%$20M104.8K
58SLGSL GREEN RLTY CORP COMhistory →COM0.35%$20M490.1K
59YUMYUM BRANDS INC COMhistory →COM0.34%$19M180.6K
60MWAMUELLER WTR PRODS INC COM SER Ahistory →COM0.33%$19M1.82M
61AWKAMERICAN WTR WKS CO INC NEW COMhistory →COM0.33%$19M143.0K
62MAMASTERCARD INCORPORATED CL Ahistory →CLASS A0.32%$18M63.8K
63LLYLILLY ELI CO COMhistory →COM0.31%$18M55.3K
64GPCGENUINE PARTS CO COMhistory →COM0.31%$18M119.0K
65HDHOME DEPOT INC COMhistory →COM0.30%$17M61.7K
66UPSUNITED PARCEL SERVICE INC CL Bhistory →CLASS B0.29%$17M102.5K
67CICIGNA CORP NEW COMhistory →COM0.29%$16M59.0K
68CBCHUBB LIMITED COMhistory →COM0.28%$16M88.2K
69TXNTEXAS INSTRS INC COMhistory →COM0.28%$16M102.8K
70MTDMETTLER TOLEDO INTERNATIONAL COMhistory →COM0.28%$16M14.6K
71CTASCINTAS CORP COMhistory →COM0.27%$16M40.2K
72ALBALBEMARLE CORP COMhistory →COM0.27%$15M57.8K
73DVNDEVON ENERGY CORP NEW COMhistory →COM0.27%$15M254.4K
74BKNGBOOKING HOLDINGS INC COMhistory →COM0.26%$15M9.0K
75ELVELEVANCE HEALTH INC COMhistory →COM0.26%$15M32.5K
76RUNSUNRUN INC COMhistory →COM0.26%$15M531.8K
77UNPUNION PAC CORP COMhistory →COM0.25%$14M74.3K
78AZOAUTOZONE INC COMhistory →COM0.25%$14M6.6K
79PIONEER NAT RES CO COMCOM0.25%$14M65.3K
80STZCONSTELLATION BRANDS INC CL Ahistory →CLASS A0.25%$14M61.3K
81ITWILLINOIS TOOL WKS INC COMhistory →COM0.24%$14M75.5K
82CVSCVS HEALTH CORP COMhistory →COM0.23%$13M139.7K
83CORAMERISOURCEBERGEN CORP COMhistory →COM0.23%$13M98.4K
84HSYHERSHEY CO COMhistory →COM0.23%$13M60.4K
85ITGARTNER INC COMhistory →COM0.23%$13M47.9K
86ORLYOREILLY AUTOMOTIVE INC COMhistory →COM0.23%$13M18.8K
87BMYBRISTOL-MYERS SQUIBB CO COMhistory →COM0.23%$13M185.1K
88TEVATEVA PHARMACEUTICAL INDS LTD SPONSORED ADShistory →ADS0.23%$13M1.61M
89GWWGRAINGER W W INC COMhistory →COM0.23%$13M26.4K
90JPMJPMORGAN CHASE CO COMhistory →COM0.22%$13M121.9K
91KEYSKEYSIGHT TECHNOLOGIES INC COMhistory →COM0.21%$12M77.2K
92CFCF INDS HLDGS INC COMhistory →COM0.21%$12M126.2K
93EOGEOG RES INC COMhistory →COM0.21%$12M108.3K
94DOXAMDOCS LTD SHShistory →SHS0.21%$12M151.6K
95ACNACCENTURE PLC IRELAND SHS CLASS Ahistory →SHS0.21%$12M46.8K
96TE CONNECTIVITY LTD SHSSHS0.21%$12M106.1K
97KLACKLA CORP COM NEWhistory →COM0.20%$12M38.3K
98VLOVALERO ENERGY CORP COMhistory →COM0.20%$11M105.7K
99MDLZMONDELEZ INTL INC CL Ahistory →CLASS A0.20%$11M205.6K
100AFLAFLAC INC COMhistory →COM0.20%$11M199.4K

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 ↗.