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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
NET icon
251
Cloudflare
NET
$108B
– –
-899
Closed -$101K
NFLX icon
252
Netflix
NFLX
$312B
– –
-476,240
Closed -$44.4M
NI icon
253
NiSource
NI
$20.1B
– –
-147,986
Closed -$5.93M
NLY icon
254
Annaly Capital Management
NLY
$17.2B
– –
-484,315
Closed -$9.84M
NOW icon
255
ServiceNow
NOW
$131B
– –
-15,575
Closed -$2.48M
NTAP icon
256
NetApp
NTAP
$39.2B
– –
-60,133
Closed -$5.28M
NTRS icon
257
Northern Trust
NTRS
$34.3B
– –
-50,983
Closed -$5.03M
NVR icon
258
NVR
NVR
$16.8B
– –
-2,188
Closed -$15.9M
NWSA icon
259
News Corp Class A
NWSA
$15.4B
– –
-55,748
Closed -$1.52M
ODFL icon
260
Old Dominion Freight Line
ODFL
$44.5B
– –
-8,629
Closed -$1.43M
OMC icon
261
Omnicom Group
OMC
$22.9B
– –
-38,472
Closed -$3.19M
ORCL icon
262
Oracle
ORCL
$431B
– –
-23,176
Closed -$3.24M
ORLY icon
263
O'Reilly Automotive
ORLY
$75.4B
– –
-155,235
Closed -$14.8M
OTIS icon
264
Otis Worldwide
OTIS
$27.7B
– –
-177,812
Closed -$18.4M
PANW icon
265
Palo Alto Networks
PANW
$311B
– –
-6,178
Closed -$1.05M
PAYX icon
266
Paychex
PAYX
$42.8B
– –
-27,231
Closed -$4.2M
PCAR icon
267
PACCAR
PCAR
$69.9B
– –
-51,643
Closed -$5.03M
PEG icon
268
Public Service Enterprise Group
PEG
$37.1B
– –
-38,645
Closed -$3.18M
PEP icon
269
PepsiCo
PEP
$188B
– –
-26,156
Closed -$3.92M
PFG icon
270
Principal Financial Group
PFG
$24.4B
– –
-48,179
Closed -$4.07M
PG icon
271
Procter & Gamble
PG
$339B
– –
-109,718
Closed -$18.7M
PGR icon
272
Progressive
PGR
$125B
– –
-6,234
Closed -$1.76M
PH icon
273
Parker-Hannifin
PH
$134B
– –
-22,855
Closed -$13.9M
PHM icon
274
Pultegroup
PHM
$24.6B
– –
-114,063
Closed -$11.7M
PKG icon
275
Packaging Corp of America
PKG
$22.7B
– –
-17,548
Closed -$3.48M
9 10
11
12 13

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ACM
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VH
ValueAct Holdings San Francisco, California $5.71B AUM 7.41% 1-Year Est. Return
O
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XT
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HW
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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.