SEC 13F Intelligence

Managers / Q1 2024 · view latest →

PGGM Investments

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

Reported Value
$6.9B
Q1 2024
Positions
365
Filings on Record
30
2019–present window
Filed
May 24, 2024
original filing

Summary

Pggm Investments reported $6.9B in U.S.-listed holdings across 365 positions for Q1 2024.

Its largest position, PLD, represents 5.9% of the portfolio.

Compared with Q4 2023, the fund opened 56 new positions and exited 42.

Portfolio Metrics

Turnover
+9.7%
vs prior filed quarter
Top-10 Concentration
+32.1%
share of reported value
Largest Position
+5.9%
Prologis Inc Com
New / Exited
56 / 42
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: 53.0%REIT: 45.3%Other: 1.1%ADR: 0.7%Tracking Stk: 0.0%
  • Common Stock · 53.0% · $3.7B
  • REIT · 45.3% · $3.1B
  • Other · 1.1% · $73M
  • ADR · 0.7% · $45M
  • Tracking Stk · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMHAMERICAN HOMES 4 RENT CL ANEW+875.5K875.5K+$32M$32M
HDBHDFC BANK LTD SPONSORED ADSNEW+493.0K493.0K+$28M$28M
CPAYCORPAY INC COM SHS ADDEDNEW+23.4K23.4K+$7M$7M
NLYANNALY CAPITAL MANAGEMENT IN COM NEWNEW+170.0K170.0K+$3M$3M
ALLYALLY FINL INC COMNEW+81.5K81.5K+$3M$3M
PLTRPALANTIR TECHNOLOGIES INC CL ANEW+131.4K131.4K+$3M$3M
FITBFIFTH THIRD BANCORP COMNEW+53.1K53.1K+$2M$2M
DASHDOORDASH INC CL ANEW+13.8K13.8K+$2M$2M

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

Holdings — Q1 2024

365 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PLDPROLOGIS INC. COMhistory →COM5.86%$404M3.11M
2EQIXEQUINIX INC COMhistory →COM4.96%$342M414.2K
3WELLWELLTOWER INC COMhistory →COM3.28%$226M2.42M
4EXREXTRA SPACE STORAGE INC COMhistory →COM2.92%$201M1.37M
5MSFTMICROSOFT CORP COMhistory →COM2.87%$198M470.7K
6SPGSIMON PPTY GROUP INC NEW COMhistory →COM2.76%$190M1.21M
7NVDANVIDIA CORPORATION COMhistory →COM2.61%$180M199.1K
8INVHINVITATION HOMES INC COMhistory →COM2.56%$177M4.97M
9AAPLAPPLE INC COMhistory →COM2.47%$170M991.6K
10REXRREXFORD INDL RLTY INC COMhistory →COM1.77%$122M2.43M
11DOCHEALTHPEAK PROPERTIES INC COMhistory →COM1.77%$122M6.52M
12UDRUDR INC COMhistory →COM1.74%$120M3.21M
13WPCWP CAREY INC COMhistory →COM1.73%$119M2.11M
14TMOTHERMO FISHER SCIENTIFIC INC COMhistory →COM1.67%$115M198.5K
15OREALTY INCOME CORP COMhistory →COM1.58%$109M2.02M
16MDTMEDTRONIC PLC SHShistory →SHS1.40%$96M1.10M
17ESSESSEX PPTY TR INC COMhistory →COM1.29%$89M362.3K
18AREALEXANDRIA REAL ESTATE EQ IN COMhistory →COM1.28%$88M686.0K
19CPTCAMDEN PPTY TR SH BEN INThistory →INT1.21%$83M846.0K
20GOOGLALPHABET INC CAP STK CL Ahistory →CLASS A1.20%$83M547.8K
21METAMETA PLATFORMS INC CL Ahistory →CLASS A1.19%$82M168.8K
22LINLINDE PLC SHShistory →SHS1.11%$76M164.5K
23ABTABBOTT LABS COMhistory →COM1.07%$74M649.2K
24ITRIITRON INC COMhistory →COM0.99%$68M738.1K
25HSTHOST HOTELS RESORTS INC COMhistory →COM0.92%$63M3.05M
26SUISUN CMNTYS INC COMhistory →COM0.89%$62M479.6K
27FRTFEDERAL RLTY INVT TR NEW SH BEN INT NEWhistory →SHS0.89%$61M601.4K
28SITCSITE CTRS CORP COMhistory →COM0.88%$61M4.16M
29AMZNAMAZON COM INC COMhistory →COM0.88%$60M335.0K
30KRCKILROY RLTY CORP COMhistory →COM0.86%$59M1.63M
31PEBPEBBLEBROOK HOTEL TR COMhistory →COM0.85%$58M3.79M
32VVISA INC COM CL Ahistory →CLASS A0.83%$57M204.0K
33JPMJPMORGAN CHASE CO COMhistory →COM0.81%$56M277.3K
34ALBALBEMARLE CORP COMhistory →COM0.79%$54M413.5K
35MAMASTERCARD INCORPORATED CL Ahistory →CLASS A0.78%$54M112.3K
36EPREPR PPTYS COM SH BEN INThistory →INT0.78%$54M1.27M
37HIWHIGHWOODS PPTYS INC COMhistory →COM0.77%$53M2.04M
38BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEWhistory →CLASS B0.73%$50M119.0K
39ADECOAGRO S A COMCOM0.72%$50M4.50M
40DLRDIGITAL RLTY TR INC COMhistory →COM0.67%$46M321.5K
41PSAPUBLIC STORAGE COMhistory →COM0.65%$45M155.0K
42CTVACORTEVA INC COMhistory →COM0.64%$44M763.0K
43KIMKIMCO RLTY CORP COMhistory →COM0.62%$43M2.17M
44BKNGBOOKING HOLDINGS INC COMhistory →COM0.60%$41M11.4K
45NEENEXTERA ENERGY INC COMhistory →COM0.57%$40M618.8K
46SEDGSOLAREDGE TECHNOLOGIES INC COMhistory →COM0.55%$38M530.7K
47CUBECUBESMART COMhistory →COM0.53%$37M809.7K
48REGNREGENERON PHARMACEUTICALS COMhistory →COM0.50%$35M36.0K
49FMCFMC CORP COM NEWhistory →COM0.48%$33M521.8K
50BRXBRIXMOR PPTY GROUP INC COMhistory →COM0.48%$33M1.41M
51HAINHAIN CELESTIAL GROUP INC COMhistory →COM0.47%$32M4.13M
52AMHAMERICAN HOMES 4 RENT CL Ahistory →CLASS A0.47%$32M875.5K
53ILMNILLUMINA INC COMhistory →COM0.45%$31M227.6K
54AMATAPPLIED MATLS INC COMhistory →COM0.42%$29M140.4K
55PNRPENTAIR PLC SHShistory →SHS0.42%$29M336.7K
56ADMARCHER DANIELS MIDLAND CO COMhistory →COM0.40%$28M443.9K
57HDBHDFC BANK LTD SPONSORED ADShistory →ADS0.40%$28M493.0K
58CTASCINTAS CORP COMhistory →COM0.38%$26M37.7K
59NFLXNETFLIX INC COMhistory →COM0.36%$25M41.4K
60FICOFAIR ISAAC CORP COMhistory →COM0.34%$23M18.6K
61KLACKLA CORP COM NEWhistory →COM0.33%$22M32.1K
62GWWGRAINGER W W INC COMhistory →COM0.33%$22M22.0K
63GENERAL ELECTRIC CO COM NEWCOM0.32%$22M127.2K
64ADBEADOBE INC COMhistory →COM0.32%$22M43.9K
65CMCSACOMCAST CORP NEW CL Ahistory →CLASS A0.32%$22M507.1K
66CORCENCORA INC COMhistory →COM0.32%$22M89.9K
67MCKMCKESSON CORP COMhistory →COM0.31%$22M40.1K
68CATCATERPILLAR INC COMhistory →COM0.31%$21M57.8K
69ITGARTNER INC COMhistory →COM0.29%$20M42.2K
70ORLYOREILLY AUTOMOTIVE INC COMhistory →COM0.28%$20M17.4K
71MRSHMARSH MCLENNAN COS INC COMhistory →COM0.28%$19M92.7K
72ITWILLINOIS TOOL WKS INC COMhistory →COM0.27%$19M70.4K
73FASTFASTENAL CO COMhistory →COM0.27%$19M243.0K
74CAHCARDINAL HEALTH INC COMhistory →COM0.26%$18M162.3K
75NVRNVR INC COMhistory →COM0.26%$18M2.2K
76MCDMCDONALDS CORP COMhistory →COM0.26%$18M62.5K
77LAM RESEARCH CORP COMCOM0.26%$18M18.1K
78ARGXARGENX SE SPONSORED ADRhistory →ADR0.25%$18M44.6K
79YUMYUM BRANDS INC COMhistory →COM0.25%$17M126.0K
80OTISOTIS WORLDWIDE CORP COMhistory →COM0.24%$17M170.1K
81MTDMETTLER TOLEDO INTERNATIONAL COMhistory →COM0.24%$17M12.6K
82CCITIGROUP INC COM NEWhistory →COM0.24%$17M263.9K
83PGPROCTER AND GAMBLE CO COMhistory →COM0.24%$16M101.4K
84PHMPULTE GROUP INC COMhistory →COM0.24%$16M135.8K
85AFLAFLAC INC COMhistory →COM0.24%$16M190.8K
86WMSADVANCED DRAIN SYS INC DEL COMhistory →COM0.22%$15M88.4K
87VRSNVERISIGN INC COMhistory →COM0.22%$15M79.9K
88TTTRANE TECHNOLOGIES PLC SHShistory →SHS0.22%$15M49.7K
89TJXTJX COS INC NEW COMhistory →COM0.21%$14M142.2K
90EXPDEXPEDITORS INTL WASH INC COMhistory →COM0.21%$14M118.6K
91AMEAMETEK INC COMhistory →COM0.21%$14M77.7K
92SEICSEI INVTS CO COMhistory →COM0.20%$14M195.4K
93SNASNAP ON INC COMhistory →COM0.20%$14M46.8K
94AZOAUTOZONE INC COMhistory →COM0.20%$14M4.3K
95AWKAMERICAN WTR WKS CO INC NEW COMhistory →COM0.20%$14M110.7K
96LENLENNAR CORP CL Ahistory →COM0.20%$13M78.4K
97LLOEWS CORP COMhistory →COM0.19%$13M170.4K
98HCAHCA HEALTHCARE INC COMhistory →COM0.19%$13M39.6K
99SNPSSYNOPSYS INC COMhistory →COM0.19%$13M22.9K
100CBCHUBB LIMITED COMhistory →COM0.19%$13M50.3K

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 ↗.