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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
REXR icon
26
Rexford Industrial Realty
REXR
$8.19B
$83.7M 1.45%
2,353,863
-948,918
-29% -$33.1M
ARE icon
27
Alexandria Real Estate Equities
ARE
$8.56B
$82.1M 1.42%
1,130,962
+111,903
+11% +$8.31M
COLD icon
28
Americold
COLD
$4.27B
$81.7M 1.42%
4,912,537
-964,245
-16% -$17.5M
AVGO icon
29
Broadcom
AVGO
$2.04T
$80.9M 1.4%
293,550
+107,414
+58% +$23.3M
BRX icon
30
Brixmor Property Group
BRX
$9.32B
$80.4M 1.39%
3,086,961
– –
FR icon
31
First Industrial Realty Trust
FR
$8.44B
$77M 1.34%
+1,600,623
New +$78M
LLY icon
32
Eli Lilly
LLY
$1.06T
$75.4M 1.31%
96,769
+80,035
+478% +$62.2M
RHP icon
33
Ryman Hospitality Properties
RHP
$7.63B
$73.2M 1.27%
741,834
+211,634
+40% +$19.8M
DLR icon
34
Digital Realty Trust
DLR
$71.7B
$70.4M 1.22%
403,874
– –
ADC icon
35
Agree Realty
ADC
$9.41B
$69.9M 1.21%
956,246
– –
SNPS icon
36
Synopsys
SNPS
$79.7B
$68.4M 1.19%
133,394
+73,929
+124% +$34.4M
ROP icon
37
Roper Technologies
ROP
$39.8B
$68.3M 1.18%
120,496
+40,447
+51% +$22.9M
ALB icon
38
Albemarle
ALB
$15.5B
$67.1M 1.16%
1,069,924
+507,975
+90% +$30M
V icon
39
Visa
V
$677B
$66.2M 1.15%
186,515
+121,398
+186% +$42.3M
MAC icon
40
Macerich
MAC
$6.92B
$65.1M 1.13%
4,022,858
+552,194
+16% +$8.51M
TT icon
41
Trane Technologies
TT
$106B
$57.4M 0.99%
131,114
+63,282
+93% +$25M
RUN icon
42
Sunrun
RUN
$2.46B
$57.3M 0.99%
7,007,258
+5,325,332
+317% +$41.9M
CPT icon
43
Camden Property Trust
CPT
$11.3B
$54.8M 0.95%
486,497
-183,044
-27% -$21.1M
CDNS icon
44
Cadence Design Systems
CDNS
$93.4B
$53M 0.92%
+171,972
New +$50M
ITRI icon
45
Itron
ITRI
$4.54B
$47.7M 0.83%
362,558
+21,381
+6% +$2.42M
AAPL icon
46
Apple
AAPL
$4.57T
$47.1M 0.82%
229,664
-816,839
-78% -$165M
WCN
47
Waste Connections
WCN
$42B
$45M 0.78%
241,155
+191,253
+383% +$36.8M
WMS icon
48
Advanced Drainage Systems
WMS
$10.9B
$44.6M 0.77%
388,484
+182,665
+89% +$20.5M
REGN icon
49
Regeneron Pharmaceuticals
REGN
$80.8B
$44.3M 0.77%
84,397
+51,900
+160% +$29M
ADM icon
50
Archer Daniels Midland
ADM
$36.9B
$43.8M 0.76%
830,238
+404,100
+95% +$19.7M
1
2
3 4 5

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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.