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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
+3.03%
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
(-22%)
Cap. Flow
-$1.7B
Cap. Flow
% of AUM
-29.54%
Top 10 Holdings %
Top 10 Hldgs %
36.05%
Holding
352
New
5
Increased
36
Reduced
17
Closed
284
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AvalonBay Communities
AVB
|
+$96.7M |
| 2 |
HDFC Bank
HDB
|
+$87.5M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$84.5M |
| 4 |
First Industrial Realty Trust
FR
|
+$78M |
| 5 |
Linde
LIN
|
+$70.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$165M |
| 2 |
NVIDIA
NVDA
|
+$148M |
| 3 |
Meta Platforms (Facebook)
META
|
+$108M |
| 4 |
Amazon
AMZN
|
+$101M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
76
Autodesk
ADSK
$52.6B
| – | – |
-3,826
| Closed | -$1M |
|
77
Aflac
AFL
$62.6B
| – | – |
-190,127
| Closed | -$21.1M |
|
78
American International
AIG
$41.3B
| – | – |
-195,284
| Closed | -$17M |
|
79
Assurant
AIZ
$14.3B
| – | – |
-14,156
| Closed | -$2.97M |
|
80
Akamai
AKAM
$15.9B
| – | – |
-17,768
| Closed | -$1.43M |
|
81
Allegion
ALLE
$14.4B
| – | – |
-70,331
| Closed | -$9.18M |
|
82
Ally Financial
ALLY
$13.3B
| – | – |
-78,430
| Closed | -$2.86M |
|
83
Applied Materials
AMAT
$428B
| – | – |
-90,513
| Closed | -$13.1M |
|
84
Ametek
AME
$58.2B
| – | – |
-5,237
| Closed | -$901K |
|
85
American Homes 4 Rent
AMH
$12.5B
| – | – |
-1,062,538
| Closed | -$40.2M |
|
86
Ameriprise Financial
AMP
$48.8B
| – | – |
-32,237
| Closed | -$15.6M |
|
|
87
Amazon
AMZN
$2.96T
| – | – |
-531,307
| Closed | -$101M |
|
88
Arista Networks
ANET
$238B
| – | – |
-37,826
| Closed | -$2.93M |
|
89
Amphenol
APH
$209B
| – | – |
-160,443
| Closed | -$10.5M |
|
90
Apollo Global Management
APO
$73.4B
| – | – |
-8,020
| Closed | -$1.1M |
|
91
Applovin
APP
$116B
| – | – |
-33,862
| Closed | -$8.97M |
|
92
Arrow Electronics
ARW
$10.4B
| – | – |
-16,477
| Closed | -$1.71M |
|
93
Atmos Energy
ATO
$28.8B
| – | – |
-54,410
| Closed | -$8.41M |
|
94
Avery Dennison
AVY
$13.4B
| – | – |
-33,787
| Closed | -$6.01M |
|
95
American Water Works
AWK
$26.9B
| – | – |
-28,546
| Closed | -$4.21M |
|
96
American Express
AXP
$230B
| – | – |
-87,571
| Closed | -$23.6M |
|
97
AutoZone
AZO
$51.1B
| – | – |
-3,963
| Closed | -$15.1M |
|
98
Bank of America
BAC
$442B
| – | – |
-687,191
| Closed | -$28.7M |
|
99
Ball Corp
BALL
$16.8B
| – | – |
-7,953
| Closed | -$414K |
|
100
Bath & Body Works
BBWI
$4.1B
| – | – |
-4,894
| Closed | -$148K |
|
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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.