CIK: 0001472190
Total reported value
$5.7B
Reporting period: 2026-03-31 · Number of holdings: 67
PGGM Investments disclosed 67 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.7B and a quarterly turnover rate of 21.3%.
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PGGM Investments's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 43 equally-sized positions, close to its 67 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.76), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim INVH
-52.9% -$94.5M
Trim KRC
-43.4% -$56.3M
Add EQIX
-16.5% $19.2M
Add LIN
0.0% $21.1M
Trim TMO
-10.7% -$48.7M
Trim FR
-35.2% -$34.7M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | WELL | Welltower INC | Stock-Real Estate | 6.07% | +0.08% | -14.07% | |
| 2 | PLD | Prologis INC | Stock-Real Estate | 5.29% | +0.16% | -10.11% | |
| 3 | EQIX | Equinix INC | Stock-Real Estate | 5.24% | +0.81% | -16.47% | |
| 4 | ALB | Albemarle CORP | Stock-Materials | 2.86% | — | -23.28% | |
| 5 | EXR | Extra Space Storage INC | Stock-Real Estate | 2.75% | -0.16% | -15.06% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.74% | +0.04% | — | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 2.73% | -0.40% | +3.02% | |
| 8 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 2.66% | -0.52% | -10.73% | |
| 9 | LIN | Linde plc | Stock-Materials | 2.64% | +0.59% | — | |
| 10 | IRM | Iron Mountain INC | Stock-Real Estate | 2.45% | — | -17.33% | |
| 11 | RUN | Sunrun INC | Stock-Tech | 2.27% | +0.04% | +24.51% | |
| 12 | NVDA | Nvidia CORP | Stock-Tech | 2.22% | +0.08% | — | |
| 13 | ILMN | Illumina INC | Stock-Healthcare | 2.14% | -0.25% | -13.83% | |
| 14 | AVB | Avalonbay Communities INC | Stock-Real Estate | 2.13% | -0.11% | -4.92% | |
| 15 | LLY | Eli Lilly & Co | Stock-Healthcare | 2.13% | -0.03% | +3.83% | |
| 16 | SPG | Simon Property Group INC | Stock-Real Estate | 2.09% | -0.21% | -18.71% | |
| 17 | UDR | Udr INC | Stock-Real Estate | 2.05% | -0.35% | -16.07% | |
| 18 | NEE | Nextera Energy INC | Stock-Utilities | 1.92% | — | -18.81% | |
| 19 | HDB | Hdfc Bank Ltd-adr | Stock-Financials | 1.86% | -0.34% | +12.51% | |
| 20 | HR | Healthcare Realty Trust INC | Stock-Real Estate | 1.67% | -0.13% | -16.18% | |
| 21 | AZN | AstraZeneca PLC | Stock-Healthcare | 1.66% | +1.66% | NEW | |
| 22 | AAPL | Apple INC | Stock-Tech | 1.59% | — | — | |
| 23 | DOC | Healthpeak Properties INC | Stock-Real Estate | 1.55% | — | -5.63% | |
| 24 | BRX | Brixmor Property Group INC | Stock-Real Estate | 1.55% | +0.01% | -17.29% | |
| 25 | VTR | Ventas INC | Stock-Real Estate | 1.53% | -0.03% | -16.07% | |
| 26 | FRT | Federal Realty Invs Trust | Stock-Real Estate | 1.51% | -0.13% | -20.85% | |
| 27 | ABT | Abbott Laboratories | Stock-Healthcare | 1.46% | -0.15% | — | |
| 28 | MDT | Medtronic plc | Stock-Healthcare | 1.38% | -0.16% | -10.05% | |
| 29 | WCN | Waste Connections INC | Stock-Industrials | 1.29% | — | +7.23% | |
| 30 | AVGO | Broadcom INC | Stock-Tech | 1.28% | -0.01% | — | |
| 31 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 1.25% | — | — | |
| 32 | ADC | Agree Realty CORP | Stock-Real Estate | 1.23% | — | -9.20% | |
| 33 | EPRT | Essential Properties Realty | Stock-Real Estate | 1.22% | -0.07% | -16.15% | |
| 34 | INVH | Invitation Homes INC | Stock-Real Estate | 1.20% | -1.38% | -52.95% | |
| 35 | FR | First Industrial Realty Tr | Stock-Real Estate | 1.15% | -0.44% | -35.22% | |
| 36 | DLR | Digital Realty Trust INC | Stock-Real Estate | 1.15% | — | -16.10% | |
| 37 | IQV | Iqvia Holdings INC | Stock-Healthcare | 1.12% | +0.25% | +53.91% | |
| 38 | MAC | Macerich Co/the | Stock-Other | 1.12% | -0.06% | -16.22% | |
| 39 | VLTO | Veralto CORP | Stock-Industrials | 1.09% | +1.09% | NEW | |
| 40 | V | Visa Inc-class A Shares | Stock-Financials | 1.07% | -0.05% | — | |
| 41 | RHP | Ryman Hospitality Properties | Stock-Real Estate | 1.07% | -0.11% | -16.12% | |
| 42 | ADM | Archer-daniels-midland Co | Stock-Consumer Staples | 1.06% | +0.30% | — | |
| 43 | SNPS | Synopsys INC | Stock-Tech | 0.98% | -0.07% | — | |
| 44 | ELS | Equity Lifestyle Properties | Stock-Real Estate | 0.96% | -0.32% | -34.47% | |
| 45 | CTVA | Corteva INC | Stock-Materials | 0.94% | +0.26% | — | |
| 46 | ARGX | Argenx Se - Adr | Stock-Healthcare | 0.92% | — | +30.43% | |
| 47 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.85% | — | — | |
| 48 | AMH | American Homes 4 Rent- A | Stock-Real Estate | 0.82% | +0.82% | NEW | |
| 49 | COLD | Americold Realty Trust INC | Stock-Real Estate | 0.78% | -0.16% | -16.16% | |
| 50 | CDNS | Cadence Design Sys INC | Stock-Tech | 0.77% | — | — |
Performance for Q3 2026
+4.1%
Performance Last 4 Quarters
+18.9%
Based on 79% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 67 | $5.7B | 21 | |
| 2025-12-31 | 66 | $6.3B | 23 | |
| 2025-09-30 | 66 | $6.2B | 80 | |
| 2025-06-30 | 68 | $5.8B | 0 | |
| 2025-03-31 | 347 | $7.4B | 100 | |
| 2024-12-31 | 345 | $7.5B | 0 | |
| 2024-09-30 | 348 | $7.8B | 0 | |
| 2024-06-30 | 344 | $7.0B | 0 | |
| 2024-03-31 | 365 | $6.9B | 0 | |
| 2023-12-31 | 351 | $6.6B | 0 | |
| 2023-09-30 | 346 | $5.8B | 0 | |
| 2023-06-30 | 359 | $6.2B | 0 | |
| 2023-03-31 | 387 | $5.9B | 0 | |
| 2022-12-31 | 378 | $5.7B | 0 | |
| 2022-09-30 | 382 | $5.7B | 0 | |
| 2022-03-31 | 366 | $20.1B | 0 | |
| 2021-12-31 | 366 | $20.1B | 0 | |
| 2021-09-30 | 366 | $19.4B | 0 | |
| 2021-06-30 | 434 | $23.6B | 99 | |
| 2021-03-31 | 369 | $23.1B | 32 | |
| 2020-12-31 | 356 | $21.6B | 37 | |
| 2020-09-30 | 247 | $19.1B | 22 | |
| 2020-06-30 | 256 | $17.3B | 34 | |
| 2020-03-31 | 233 | $13.9B | 47 | |
| 2019-12-31 | 248 | $17.7B | 53 | |
| 2019-09-30 | 244 | $21.0B | 19 | |
| 2019-06-30 | 244 | $19.9B | 21 | |
| 2019-03-31 | 254 | $19.6B | 24 | |
| 2018-12-31 | 260 | $17.2B | 24 | |
| 2018-09-30 | 273 | $19.0B | 11 | |
| 2018-06-30 | 270 | $18.2B | 15 | |
| 2018-03-31 | 280 | $17.7B | 14 | |
| 2017-12-31 | 289 | $17.8B | 45 | |
| 2017-09-30 | 379 | $20.3B | 27 | |
| 2017-06-30 | 362 | $19.5B | 18 | |
| 2017-03-31 | 352 | $19.3B | 15 | |
| 2016-12-31 | 356 | $19.6B | 15 | |
| 2016-09-30 | 349 | $20.0B | 15 | |
| 2016-06-30 | 355 | $19.5B | 28 | |
| 2016-03-31 | 386 | $18.9B | 19 | |
| 2015-12-31 | 382 | $18.9B | 15 | |
| 2015-09-30 | 374 | $18.5B | 17 | |
| 2015-06-30 | 377 | $19.3B | 33 | |
| 2015-03-31 | 382 | $21.0B | 20 | |
| 2014-12-31 | 369 | $22.3B | 15 | |
| 2014-09-30 | 373 | $21.1B | 14 | |
| 2014-06-30 | 370 | $20.7B | 25 | |
| 2014-03-31 | 365 | $19.2B | 57 | |
| 2013-12-31 | 332 | $18.2B | 32 | |
| 2013-09-30 | 320 | $17.2B | 34 | |
| 2013-06-30 | 324 | $17.0B | 18 |
PGGM Investments's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); New buy: Veralto CORP (VLTO); New buy: American Homes 4 Rent- A (AMH); New buy: Cousins Properties INC (CUZ); Sold out: Johnson & Johnson (JNJ).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | EQIX | Equinix INC | +0.8% | -16.47% | Trim |
| 2 | LIN | Linde plc | +0.6% | — | Unchanged |
| 3 | ADM | Archer-daniels-midland Co | +0.3% | — | Unchanged |
| 4 | SEDG | Solaredge Technologies INC | +0.3% | -1.01% | Trim |
| 5 | CTVA | Corteva INC | +0.3% | — | Unchanged |
| 6 | IQV | Iqvia Holdings INC | +0.3% | +53.91% | Add |
| 7 | PLD | Prologis INC | +0.2% | -10.11% | Trim |
| 8 | WELL | Welltower INC | +0.1% | -14.07% | Trim |
| 9 | NVDA | Nvidia CORP | +0.1% | — | Unchanged |
| 10 | GOOGL | Alphabet Inc-cl A | 0% | — | Unchanged |
| 11 | RUN | Sunrun INC | 0% | +24.51% | Add |
| 12 | BRX | Brixmor Property Group INC | 0% | -17.29% | Trim |
| 13 | AVGO | Broadcom INC | 0% | — | Unchanged |
| 14 | LLY | Eli Lilly & Co | 0% | +3.83% | Add |
| 15 | VTR | Ventas INC | 0% | -16.07% | Trim |
| 16 | V | Visa Inc-class A Shares | -0.1% | — | Unchanged |
| 17 | MAC | Macerich Co/the | -0.1% | -16.22% | Trim |
| 18 | EPRT | Essential Properties Realty | -0.1% | -16.15% | Trim |
| 19 | SNPS | Synopsys INC | -0.1% | — | Unchanged |
| 20 | TTEK | Tetra Tech INC | -0.1% | -9.21% | Trim |
| 21 | ROP | Roper Technologies INC | -0.1% | — | Unchanged |
| 22 | AVB | Avalonbay Communities INC | -0.1% | -4.92% | Trim |
| 23 | RHP | Ryman Hospitality Properties | -0.1% | -16.12% | Trim |
| 24 | HR | Healthcare Realty Trust INC | -0.1% | -16.18% | Trim |
| 25 | FRT | Federal Realty Invs Trust | -0.1% | -20.85% | Trim |
| 26 | REXR | Rexford Industrial Realty In | -0.1% | -16.10% | Trim |
| 27 | ABT | Abbott Laboratories | -0.2% | — | Unchanged |
| 28 | MKC | Mccormick & Co-non Vtg Shrs | -0.2% | — | Unchanged |
| 29 | EXR | Extra Space Storage INC | -0.2% | -15.06% | Trim |
| 30 | MDT | Medtronic plc | -0.2% | -10.05% | Trim |
| 31 | COLD | Americold Realty Trust INC | -0.2% | -16.16% | Trim |
| 32 | SPG | Simon Property Group INC | -0.2% | -18.71% | Trim |
| 33 | ✓ | Adecoagro SA | -0.2% | -74.54% | Trim |
| 34 | ILMN | Illumina INC | -0.3% | -13.83% | Trim |
| 35 | ARE | Alexandria Real Estate Equit | -0.3% | -34.26% | Trim |
| 36 | ELS | Equity Lifestyle Properties | -0.3% | -34.47% | Trim |
| 37 | WMS | Advanced Drainage Systems In | -0.3% | -44.01% | Trim |
| 38 | HDB | Hdfc Bank Ltd-adr | -0.3% | +12.51% | Add |
| 39 | UDR | Udr INC | -0.4% | -16.07% | Trim |
| 40 | MSFT | Microsoft CORP | -0.4% | +3.02% | Add |
| 41 | FR | First Industrial Realty Tr | -0.4% | -35.22% | Trim |
| 42 | TMO | Thermo Fisher Scientific INC | -0.5% | -10.73% | Trim |
| 43 | KRC | Kilroy Realty CORP | -0.8% | -43.38% | Trim |
| 44 | INVH | Invitation Homes INC | -1.4% | -52.95% | Trim |
| 45 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 46 | VLTO | Veralto CORP | — | NEW | New buy |
| 47 | AMH | American Homes 4 Rent- A | — | NEW | New buy |
| 48 | CUZ | Cousins Properties INC | — | NEW | New buy |
| 49 | JNJ | Johnson & Johnson | — | EXIT | Sold out |
| 50 | TT | Trane Technologies plc | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-09 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-28 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-18 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-12 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-10 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-16 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-24 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-05 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-08 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-07 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-10 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-02 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-25 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-28 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-22 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-22 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-30 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-28 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-20 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-17 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-20 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-17 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-16 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-26 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-12 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-28 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-15 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-25 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-26 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-29 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-18 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-24 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-25 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-24 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-21 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-26 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-22 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-19 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-28 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-28 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-29 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-04 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-28 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-09-02 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-08 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-03-06 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-03-06 | Amendment | View on EDGAR |
| 2013-09-30 | 2013-12-04 | Amendment | View on EDGAR |
| 2013-09-30 | 2013-11-26 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-09-04 | 13F-HR | View on EDGAR |
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