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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
FIS icon
176
Fidelity National Information Services
FIS
$22.1B
– –
-171,659
Closed -$12.8M
FITB
177
Fifth Third Bancorp
FITB
$51.8B
– –
-174,059
Closed -$6.82M
FLEX icon
178
Flex
FLEX
$44.8B
– –
-240,597
Closed -$7.96M
FNF icon
179
Fidelity National Financial
FNF
$13.5B
– –
-71,332
Closed -$4.64M
FOXA icon
180
Fox Class A
FOXA
$26.9B
– –
-199,057
Closed -$11.3M
FSLR icon
181
First Solar
FSLR
$26.9B
– –
-2,763
Closed -$349K
FTNT icon
182
Fortinet
FTNT
$117B
– –
-166,464
Closed -$16M
FTV icon
183
Fortive
FTV
$18.6B
– –
-82,480
Closed -$4.55M
GDDY icon
184
GoDaddy
GDDY
$11.5B
– –
-101,851
Closed -$18.3M
GE icon
185
GE Aerospace
GE
$384B
– –
-77,862
Closed -$15.6M
GEHC icon
186
GE HealthCare
GEHC
$32.4B
– –
-7,406
Closed -$598K
GEN icon
187
Gen Digital
GEN
$17.5B
– –
-213,495
Closed -$5.67M
GILD icon
188
Gilead Sciences
GILD
$165B
– –
-123,274
Closed -$13.8M
GLW icon
189
Corning
GLW
$143B
– –
-17,582
Closed -$805K
GM icon
190
General Motors
GM
$76.8B
– –
-11,840
Closed -$557K
GRMN
191
Garmin
GRMN
$60B
– –
-30,766
Closed -$6.68M
GS icon
192
Goldman Sachs
GS
$303B
– –
-39,038
Closed -$21.3M
GWW icon
193
W.W. Grainger
GWW
$60.2B
– –
-22,042
Closed -$21.8M
HBAN icon
194
Huntington Bancshares
HBAN
$35.5B
– –
-50,604
Closed -$760K
HCA icon
195
HCA Healthcare
HCA
$89.5B
– –
-34,404
Closed -$11.9M
HD icon
196
Home Depot
HD
$355B
– –
-47,092
Closed -$17.3M
HEI icon
197
HEICO Corp
HEI
$51.4B
– –
-21,619
Closed -$5.78M
HIG icon
198
Hartford Financial Services
HIG
$39.3B
– –
-93,731
Closed -$11.6M
HLT icon
199
Hilton Worldwide
HLT
$71.5B
– –
-25,205
Closed -$5.74M
HOLX
200
DELISTED
Hologic
HOLX
– –
-92,272
Closed -$5.7M
6 7
8
9 10

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VH
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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.