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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
+15.15%
1 Year Est. Return
+17.05%
3 Year Est. Return
+53.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$20.1B
AUM Growth
+$706M
Cap. Flow
-$1.86B
Cap. Flow %
-9.24%
Top 10 Hldgs %
26.8%
Holding
396
New
30
Increased
66
Reduced
224
Closed
30

Top Buys

Rank Stock Value
1
MAA icon
Mid-America Apartment Communities
MAA
+$429M
2
UDR icon
UDR
UDR
+$373M
3
EQIX icon
Equinix
EQIX
+$242M
4
CVX icon
Chevron
CVX
+$57.7M
5
COLD icon
Americold
COLD
+$42.8M

Top Sells

Rank Stock Value
1
AVB icon
AvalonBay Communities
AVB
+$445M
2
SUI icon
Sun Communities
SUI
+$268M
3
DELL icon
Dell
DELL
+$217M
4
AAPL icon
Apple
AAPL
+$175M
5
CONE
CyrusOne Inc Common Stock
CONE
+$88.7M

Sector Composition

Rank Sector Weight
1 Real Estate 45.89%
2 Technology 17.05%
3 Healthcare 8.52%
4 Industrials 6.92%
5 Consumer Discretionary 6.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.93T
$721M 3.59%
2,142,478
-63,608
-3% -$20.6M
AAPL icon
2
Apple
AAPL
$5.01T
$634M 3.16%
3,571,271
-1,105,602
-24% -$175M
EQIX icon
3
Equinix
EQIX
$99.4B
$631M 3.14%
745,654
+301,802
+68% +$242M
PLD icon
4
Prologis
PLD
$135B
$574M 2.86%
3,407,248
+95,534
+3% +$14.3M
ARE icon
5
Alexandria Real Estate Equities
ARE
$9.52B
$538M 2.68%
2,413,837
-64,191
-3% -$13.3M
MAA icon
6
Mid-America Apartment Communities
MAA
$15.9B
$531M 2.64%
2,313,922
+2,074,236
+865% +$429M
INVH icon
7
Invitation Homes
INVH
$17.8B
$487M 2.42%
10,733,086
-941,057
-8% -$38.9M
UDR icon
8
UDR
UDR
$12.8B
$424M 2.11%
7,066,821
+6,631,525
+1,523% +$373M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.1T
$423M 2.11%
2,921,500
+26,700
+0.9% +$3.85M
DOC icon
10
Healthpeak Properties
DOC
$15.6B
$422M 2.1%
11,684,043
-90,871
-0.8% -$3.13M
WELL icon
11
Welltower
WELL
$172B
$413M 2.06%
4,816,404
-4,058
-0.1% -$338K
VICI icon
12
VICI Properties
VICI
$29.8B
$412M 2.05%
13,668,777
+936,588
+7% +$27.1M
SPG icon
13
Simon Property Group
SPG
$76.8B
$397M 1.98%
2,485,413
-65,001
-3% -$9.92M
REXR icon
14
Rexford Industrial Realty
REXR
$8.57B
$385M 1.92%
4,746,091
-534,400
-10% -$37M
CUBE icon
15
CubeSmart
CUBE
$9.68B
$367M 1.83%
6,450,918
-424,694
-6% -$22.8M
AMH icon
16
American Homes 4 Rent
AMH
$12.1B
$367M 1.83%
8,417,661
-328,845
-4% -$13.3M
DLR icon
17
Digital Realty Trust
DLR
$69.2B
$345M 1.72%
1,952,716
– –
COLD icon
18
Americold
COLD
$4.2B
$337M 1.68%
10,264,354
+1,383,498
+16% +$42.8M
PK icon
19
Park Hotels & Resorts
PK
$3.06B
$260M 1.29%
13,778,606
– –
REG icon
20
Regency Centers
REG
$14.8B
$259M 1.29%
3,435,917
-202,992
-6% -$14.6M
NNN icon
21
NNN REIT
NNN
$9.34B
$251M 1.25%
5,228,541
– –
TMO icon
22
Thermo Fisher Scientific
TMO
$214B
$191M 0.95%
286,741
-1,407
-0.5% -$878K
LSI
23
DELISTED
Life Storage, Inc.
LSI
$187M 0.93%
1,217,783
– –
AMZN icon
24
Amazon
AMZN
$2.46T
$186M 0.93%
1,117,740
-192,320
-15% -$32.9M
HPP
25
Hudson Pacific Properties
HPP
$790M
$185M 0.92%
1,070,454
– –
1
2 3 4 5

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ACM
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VH
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AIM
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PGGM Investments's Q4 2021 Portfolio in Review

As of Q4 2021, PGGM Investments held 396 positions worth $20.1B, up 3.6% from $19.4B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

PGGM Investments withdrew a net $1.86B in Q4 2021, closing 30 positions and reducing 224 holdings. Its most notable exit was CyrusOne Inc Common Stock, an estimated $88.7M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 46% of assets, up from 41% a quarter earlier, followed by Technology and Healthcare.

Against the trend, PGGM Investments opened a new position in Chevron worth $59.6M.

  • PGGM Investments's largest Q4 2021 buy was Chevron: 507,654 shares worth $59.6M.
  • PGGM Investments added most to Mid-America Apartment Communities in Q4 2021, an estimated $429M increase.
  • PGGM Investments's biggest Q4 2021 reduction was AvalonBay Communities, cutting an estimated $445M.
  • PGGM Investments fully exited CyrusOne Inc Common Stock in Q4 2021, selling an estimated $88.7M.
  • PGGM Investments's ten largest holdings make up 27% of its $20.1B portfolio in Q4 2021.
  • PGGM Investments opened 30 new positions and closed 30 in Q4 2021.
  • PGGM Investments's portfolio value rose 3.6% quarter-over-quarter to $20.1B.

Based on PGGM Investments's 13F filing for Q4 2021, filed 28 Jan 2022.