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PGGM Investments Portfolio holdings
AUM
$5.7B
1-Year Est. Return
17.05%
This Fund
S&P 500
This Quarter
Est. Return
+3.75%
1 Year Est. Return
+17.05%
3 Year Est. Return
+53.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$17.7B
AUM Growth
-$3.25B
(-15%)
Cap. Flow
-$3.81B
Cap. Flow
% of AUM
-21.5%
Top 10 Holdings %
Top 10 Hldgs %
25.79%
Holding
277
New
33
Increased
30
Reduced
146
Closed
29
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
STOR
STORE Capital Corporation
STOR
|
+$318M |
| 2 |
American Homes 4 Rent
AMH
|
+$229M |
| 3 |
Prologis
PLD
|
+$192M |
| 4 |
Terreno Realty
TRNO
|
+$191M |
| 5 |
Essential Properties Realty Trust
EPRT
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$472M |
| 2 |
Apple
AAPL
|
+$368M |
| 3 |
VER
VEREIT, Inc.
VER
|
+$349M |
| 4 |
Essex Property Trust
ESS
|
+$216M |
| 5 |
W.P. Carey
WPC
|
+$214M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 52% |
| 2 | Healthcare | 11.36% |
| 3 | Technology | 9.67% |
| 4 | Financials | 7.8% |
| 5 | Consumer Staples | 5.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Franklin Resources
BEN
$17.2B
| – | – |
-232,402
| Closed | -$6.71M |
|
252
Blackrock
BLK
$176B
| – | – |
-1,401
| Closed | -$624K |
|
253
BorgWarner
BWA
$13.9B
| – | – |
-395,328
| Closed | -$12.8M |
|
254
Carnival Corporation Ltd
CCL
$39.7B
| – | – |
-209,909
| Closed | -$9.18M |
|
|
CMA
255
DELISTED
Comerica
CMA
| – | – |
-50,000
| Closed | -$3.3M |
|
256
Costco
COST
$420B
| – | – |
-491,000
| Closed | -$141M |
|
257
Walt Disney
DIS
$181B
| – | – |
-640,676
| Closed | -$83.5M |
|
258
Expedia Group
EXPE
$37.3B
| – | – |
-130,000
| Closed | -$17.5M |
|
259
Gaming and Leisure Properties
GLPI
$12.8B
| – | – |
-732,279
| Closed | -$28M |
|
260
Corning
GLW
$143B
| – | – |
-66,864
| Closed | -$1.91M |
|
261
Harley-Davidson
HOG
$2.71B
| – | – |
-136,255
| Closed | -$4.9M |
|
|
JHG
262
DELISTED
Janus Henderson
JHG
| – | – |
-77,505
| Closed | -$1.74M |
|
263
Leggett & Platt
LEG
$1.31B
| – | – |
-145,404
| Closed | -$5.95M |
|
264
Las Vegas Sands
LVS
$29.6B
| – | – |
-217,252
| Closed | -$12.5M |
|
265
McDonald's
MCD
$195B
| – | – |
-106,619
| Closed | -$22.9M |
|
266
NRG Energy
NRG
$24.8B
| – | – |
-49,661
| Closed | -$1.97M |
|
267
Progressive
PGR
$125B
| – | – |
-1,193,700
| Closed | -$92.2M |
|
268
Phillips 66
PSX
$81.4B
| – | – |
-27,160
| Closed | -$2.78M |
|
269
Royal Caribbean
RCL
$85.6B
| – | – |
-108,001
| Closed | -$11.7M |
|
270
Starbucks
SBUX
$120B
| – | – |
-34,900
| Closed | -$3.09M |
|
271
Steel Dynamics
STLD
$37.6B
| – | – |
-116,502
| Closed | -$3.47M |
|
272
VEON
VEON
$3.95B
| – | – |
-9,311
| Closed | -$559K |
|
273
Wells Fargo
WFC
$264B
| – | – |
-130,000
| Closed | -$6.56M |
|
274
W.R. Berkley
WRB
$26.6B
| – | – |
-108,344
| Closed | -$3.48M |
|
275
Willis Towers Watson
WTW
$32B
| – | – |
-76,776
| Closed | -$14.8M |
|
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PGGM Investments's Q4 2019 Portfolio in Review
As of Q4 2019, PGGM Investments held 277 positions worth $17.7B, down 15% from $21B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
PGGM Investments withdrew a net $3.81B in Q4 2019, closing 29 positions and reducing 146 holdings. Its most notable exit was Duke Realty Corp., an estimated $472M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 52% of assets, up from 41% a quarter earlier, followed by Healthcare and Technology.
Against the trend, PGGM Investments opened a new position in STORE Capital Corporation worth $306M.
- PGGM Investments's largest Q4 2019 buy was STORE Capital Corporation: 8,208,787 shares worth $306M.
- PGGM Investments added most to Prologis in Q4 2019, an estimated $192M increase.
- PGGM Investments's biggest Q4 2019 reduction was Apple, cutting an estimated $368M.
- PGGM Investments fully exited Duke Realty Corp. in Q4 2019, selling an estimated $472M.
- PGGM Investments's ten largest holdings make up 26% of its $17.7B portfolio in Q4 2019.
- PGGM Investments opened 33 new positions and closed 29 in Q4 2019.
- PGGM Investments's portfolio value fell 15% quarter-over-quarter to $17.7B.
Based on PGGM Investments's 13F filing for Q4 2019, filed 17 Jan 2020.