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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
ARGX icon
51
argenx
ARGX
$54.1B
$42.3M 0.73%
76,699
+27,900
+57% +$16.2M
CUBE icon
52
CubeSmart
CUBE
$9.41B
$40.1M 0.7%
943,848
– –
PSA icon
53
Public Storage
PSA
$61.3B
$38.1M 0.66%
129,760
-23,279
-15% -$6.89M
AGRO icon
54
Adecoagro
AGRO
$1.36B
$37M 0.64%
4,047,287
-452,713
-10% -$4.41M
IQV icon
55
IQVIA
IQV
$39.3B
$31.3M 0.54%
198,698
+106,347
+115% +$16M
TTEK icon
56
Tetra Tech
TTEK
$9.07B
$29.9M 0.52%
831,733
+341,400
+70% +$11.4M
BMRN icon
57
BioMarin Pharmaceuticals
BMRN
$12.4B
$28.5M 0.49%
517,991
+168,400
+48% +$9.92M
ISRG icon
58
Intuitive Surgical
ISRG
$134B
$27.9M 0.48%
51,425
+46,632
+973% +$24.4M
APTV icon
59
Aptiv
APTV
$10.3B
$24.8M 0.43%
363,521
+189,029
+108% +$11.7M
FMC icon
60
FMC
FMC
$1.33B
$21.8M 0.38%
521,835
– –
MKC icon
61
McCormick & Company Non-Voting
MKC
$14.2B
$21.2M 0.37%
+280,065
New +$21M
JCI icon
62
Johnson Controls International
JCI
$92.2B
$19.7M 0.34%
186,729
+85,813
+85% +$7.9M
HST icon
63
Host Hotels & Resorts
HST
$16B
$18.9M 0.33%
1,227,288
-1,883,291
-61% -$27.9M
CNM icon
64
Core & Main
CNM
$8.71B
$18M 0.31%
+298,500
New +$16M
BSX icon
65
Boston Scientific
BSX
$71.5B
$15.8M 0.27%
147,155
-44,870
-23% -$4.54M
CTRE icon
66
CareTrust REIT
CTRE
$9.74B
$15.1M 0.26%
492,976
– –
HAIN icon
67
Hain Celestial
HAIN
$53.7M
$6.36M 0.11%
4,183,854
– –
FLYY
68
DELISTED
Spirit Aviation Holdings, Inc.
FLYY
$18K ﹤0.01%
+3,555
New +$21.2K
A icon
69
Agilent Technologies
A
$41.2B
– –
-48,670
Closed -$5.69M
ABBV icon
70
AbbVie
ABBV
$435B
– –
-60,878
Closed -$12.8M
ABNB icon
71
Airbnb
ABNB
$107B
– –
-2,772
Closed -$331K
ACGL icon
72
Arch Capital
ACGL
$33.6B
– –
-109,432
Closed -$10.5M
ACN icon
73
Accenture
ACN
$108B
– –
-36,566
Closed -$11.4M
ADBE icon
74
Adobe
ADBE
$105B
– –
-20,721
Closed -$7.95M
ADP icon
75
Automatic Data Processing
ADP
$108B
– –
-52,380
Closed -$16M
1 2
3
4 5

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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.