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PI

PGGM Investments Portfolio holdings

AUM $5.7B
1-Year Est. Return 17.05%
This Fund
S&P 500
This Quarter Est. Return
+3.03%
1 Year Est. Return
+17.05%
3 Year Est. Return
+53.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.77B
AUM Growth
-$1.65B
Cap. Flow
-$1.7B
Cap. Flow %
-29.54%
Top 10 Hldgs %
36.05%
Holding
352
New
5
Increased
36
Reduced
17
Closed
284

Top Buys

Rank Stock Value
1
AVB icon
AvalonBay Communities
AVB
+$96.7M
2
HDB icon
HDFC Bank
HDB
+$87.5M
3
TMO icon
Thermo Fisher Scientific
TMO
+$84.5M
4
FR icon
First Industrial Realty Trust
FR
+$78M
5
LIN icon
Linde
LIN
+$70.8M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$165M
2
NVDA icon
NVIDIA
NVDA
+$148M
3
META icon
Meta Platforms (Facebook)
META
+$108M
4
AMZN icon
Amazon
AMZN
+$101M
5
JPM icon
JPMorgan Chase
JPM
+$67.6M

Sector Composition

Rank Sector Weight
1 Real Estate 55.8%
2 Healthcare 13.14%
3 Technology 12.59%
4 Materials 5.6%
5 Industrials 3.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LEN icon
226
Lennar Class A
LEN
$20.6B
– –
-51,522
Closed -$5.91M
LH icon
227
Labcorp
LH
$25.8B
– –
-19,777
Closed -$4.6M
LKQ icon
228
LKQ Corp
LKQ
$6.2B
– –
-37,980
Closed -$1.62M
LOW icon
229
Lowe's Companies
LOW
$122B
– –
-53,891
Closed -$12.6M
LRCX icon
230
Lam Research
LRCX
$388B
– –
-128,114
Closed -$9.31M
LYB icon
231
LyondellBasell Industries
LYB
$19.7B
– –
-18,192
Closed -$1.28M
LYV icon
232
Live Nation Entertainment
LYV
$42.1B
– –
-23,142
Closed -$3.02M
MA icon
233
Mastercard
MA
$496B
– –
-113,821
Closed -$62.4M
MAA icon
234
Mid-America Apartment Communities
MAA
$15.4B
– –
-21,795
Closed -$3.65M
MAR icon
235
Marriott International
MAR
$91.4B
– –
-11,309
Closed -$2.69M
MAS icon
236
Masco
MAS
$14.9B
– –
-190,659
Closed -$13.3M
MCD icon
237
McDonald's
MCD
$194B
– –
-3,907
Closed -$1.22M
MCK icon
238
McKesson
MCK
$104B
– –
-23,145
Closed -$15.6M
MCO icon
239
Moody's
MCO
$83.1B
– –
-7,132
Closed -$3.32M
MET icon
240
MetLife
MET
$62.2B
– –
-88,265
Closed -$7.09M
META icon
241
Meta Platforms (Facebook)
META
$1.52T
– –
-188,080
Closed -$108M
MKL icon
242
Markel Group
MKL
$23.3B
– –
-5,472
Closed -$10.2M
MRSH
243
Marsh
MRSH
$91.1B
– –
-83,116
Closed -$20.3M
MPWR icon
244
Monolithic Power Systems
MPWR
$68.1B
– –
-1,839
Closed -$1.07M
MRK icon
245
Merck
MRK
$318B
– –
-75,380
Closed -$6.77M
MS icon
246
Morgan Stanley
MS
$340B
– –
-86,640
Closed -$10.1M
MSCI icon
247
MSCI
MSCI
$41.3B
– –
-6,095
Closed -$3.45M
MTD icon
248
Mettler-Toledo International
MTD
$28.6B
– –
-12,589
Closed -$14.9M
MTB icon
249
M&T Bank
MTB
$36.2B
– –
-8,412
Closed -$1.5M
NDAQ icon
250
Nasdaq
NDAQ
$53.4B
– –
-1,932
Closed -$147K
8 9
10
11 12

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ACM
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VH
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AAM
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RWM
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PGGM Investments's Q2 2025 Portfolio in Review

As of Q2 2025, PGGM Investments held 352 positions worth $5.77B, down 22% from $7.42B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

PGGM Investments withdrew a net $1.7B in Q2 2025, closing 284 positions and reducing 17 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $108M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 56% of assets, up from 45% a quarter earlier, followed by Healthcare and Technology.

Against the trend, PGGM Investments opened a new position in First Industrial Realty Trust worth $77M.

  • PGGM Investments's largest Q2 2025 buy was First Industrial Realty Trust: 1,600,623 shares worth $77M.
  • PGGM Investments added most to AvalonBay Communities in Q2 2025, an estimated $96.7M increase.
  • PGGM Investments's biggest Q2 2025 reduction was Apple, cutting an estimated $165M.
  • PGGM Investments fully exited Meta Platforms (Facebook) in Q2 2025, selling an estimated $108M.
  • PGGM Investments's ten largest holdings make up 36% of its $5.77B portfolio in Q2 2025.
  • PGGM Investments opened 5 new positions and closed 284 in Q2 2025.
  • PGGM Investments's portfolio value fell 22% quarter-over-quarter to $5.77B.

Based on PGGM Investments's 13F filing for Q2 2025, filed 18 Jul 2025.