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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
+10.08%
1 Year Est. Return
+17.05%
3 Year Est. Return
+53.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$23.6B
AUM Growth
+$465M
(+2%)
Cap. Flow
-$1.64B
Cap. Flow
% of AUM
-6.97%
Top 10 Holdings %
Top 10 Hldgs %
27.46%
Holding
454
New
85
Increased
98
Reduced
233
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invitation Homes
INVH
|
+$263M |
| 2 |
Equinix
EQIX
|
+$152M |
| 3 |
Sun Communities
SUI
|
+$148M |
| 4 |
McDonald's
MCD
|
+$63.5M |
| 5 |
STOR
STORE Capital Corporation
STOR
|
+$50.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Essex Property Trust
ESS
|
+$207M |
| 2 |
Johnson & Johnson
JNJ
|
+$185M |
| 3 |
Apple
AAPL
|
+$168M |
| 4 |
Equity Residential
EQR
|
+$153M |
| 5 |
Meta Platforms (Facebook)
META
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 48.63% |
| 2 | Technology | 13.26% |
| 3 | Healthcare | 7.87% |
| 4 | Industrials | 7.3% |
| 5 | Consumer Discretionary | 6.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Prologis
PLD
$137B
| $1.03B | 4.35% |
8,582,878
-322,777
| -4% | -$37.7M |
|
2
Alexandria Real Estate Equities
ARE
$8.95B
| $680M | 2.88% |
3,735,873
-121,462
| -3% | -$21.7M |
|
3
Welltower
WELL
$176B
| $675M | 2.86% |
8,125,123
-349,233
| -4% | -$26.7M |
|
|
4
Invitation Homes
INVH
$17.6B
| $647M | 2.74% |
17,344,199
+7,426,060
| +75% | +$263M |
|
5
AvalonBay Communities
AVB
$27B
| $614M | 2.6% |
2,940,415
-102,052
| -3% | -$20.4M |
|
6
Healthpeak Properties
DOC
$15.4B
| $584M | 2.48% |
17,555,416
-551,347
| -3% | -$18.5M |
|
7
VICI Properties
VICI
$29.5B
| $574M | 2.43% |
18,507,291
-2,941,108
| -14% | -$91.2M |
|
|
8
Apple
AAPL
$4.93T
| $572M | 2.42% |
4,174,713
-1,299,060
| -24% | -$168M |
|
9
CubeSmart
CUBE
$9.54B
| $559M | 2.37% |
12,071,278
-405,000
| -3% | -$17.5M |
|
10
Microsoft
MSFT
$2.92T
| $548M | 2.32% |
2,023,843
-398,081
| -16% | -$101M |
|
11
American Homes 4 Rent
AMH
$12.1B
| $537M | 2.28% |
13,818,876
-924,572
| -6% | -$34.3M |
|
12
Simon Property Group
SPG
$74.7B
| $510M | 2.16% |
3,908,920
-165,857
| -4% | -$20.6M |
|
13
Rexford Industrial Realty
REXR
$8.64B
| $462M | 1.96% |
8,105,819
-285,000
| -3% | -$15.9M |
|
14
Park Hotels & Resorts
PK
$3.02B
| $425M | 1.8% |
20,624,724
+881,198
| +4% | +$18.9M |
|
15
Digital Realty Trust
DLR
$72B
| $399M | 1.69% |
2,651,666
-53,000
| -2% | -$8.01M |
|
16
NNN REIT
NNN
$9.39B
| $376M | 1.59% |
8,025,505
-323,000
| -4% | -$15.1M |
|
|
17
Sun Communities
SUI
$15B
| $358M | 1.52% |
2,090,038
+889,899
| +74% | +$148M |
|
18
Regency Centers
REG
$15.1B
| $353M | 1.5% |
5,510,959
-183,022
| -3% | -$11.6M |
|
19
Alphabet (Google) Class A
GOOGL
$4T
| $347M | 1.47% |
2,842,760
-773,220
| -21% | -$90.3M |
|
|
HPP
20
Hudson Pacific Properties
HPP
$805M
| $316M | 1.34% |
1,624,530
+67,391
| +4% | +$13.3M |
|
21
Extra Space Storage
EXR
$31.4B
| $276M | 1.17% |
1,684,206
-84,744
| -5% | -$12.7M |
|
22
Essential Properties Realty Trust
EPRT
$6.94B
| $246M | 1.04% |
9,101,464
-347,000
| -4% | -$9.01M |
|
23
SL Green Realty
SLG
$3.84B
| $239M | 1.01% |
2,986,572
-679,295
| -19% | -$51.6M |
|
24
Terreno Realty
TRNO
$7.71B
| $227M | 0.96% |
3,524,012
-124,000
| -3% | -$7.9M |
|
|
QTS
25
DELISTED
QTS REALTY TRUST, INC.
QTS
| $227M | 0.96% |
2,931,203
-58,000
| -2% | -$3.94M |
|
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PGGM Investments's Q2 2021 Portfolio in Review
As of Q2 2021, PGGM Investments held 454 positions worth $23.6B, up 2% from $23.1B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
PGGM Investments withdrew a net $1.64B in Q2 2021, closing 20 positions and reducing 233 holdings. Its most notable exit was Johnson & Johnson, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 49% of assets, up from 44% a quarter earlier, followed by Technology and Healthcare.
Against the trend, PGGM Investments opened a new position in Equinix worth $164M.
- PGGM Investments's largest Q2 2021 buy was Equinix: 204,224 shares worth $164M.
- PGGM Investments added most to Invitation Homes in Q2 2021, an estimated $263M increase.
- PGGM Investments's biggest Q2 2021 reduction was Essex Property Trust, cutting an estimated $207M.
- PGGM Investments fully exited Johnson & Johnson in Q2 2021, selling an estimated $185M.
- PGGM Investments's ten largest holdings make up 27% of its $23.6B portfolio in Q2 2021.
- PGGM Investments opened 85 new positions and closed 20 in Q2 2021.
- PGGM Investments's portfolio value rose 2% quarter-over-quarter to $23.6B.
Based on PGGM Investments's 13F filing for Q2 2021, filed 22 Jul 2021.