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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
+8.05%
1 Year Est. Return
+17.05%
3 Year Est. Return
+53.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.71B
AUM Growth
+$26.1M
Cap. Flow
-$377M
Cap. Flow %
-6.59%
Top 10 Hldgs %
25.34%
Holding
400
New
18
Increased
61
Reduced
266
Closed
22

Top Buys

Rank Stock Value
1
ESS icon
Essex Property Trust
ESS
+$134M
2
DLR icon
Digital Realty Trust
DLR
+$114M
3
WELL icon
Welltower
WELL
+$103M
4
ARE icon
Alexandria Real Estate Equities
ARE
+$53.7M
5
WPC icon
W.P. Carey
WPC
+$42.5M

Top Sells

Rank Stock Value
1
SUI icon
Sun Communities
SUI
+$126M
2
EQIX icon
Equinix
EQIX
+$117M
3
VICI icon
VICI Properties
VICI
+$56.3M
4
AAPL icon
Apple
AAPL
+$42.3M
5
DOC icon
Healthpeak Properties
DOC
+$29.2M

Sector Composition

Rank Sector Weight
1 Real Estate 49.25%
2 Healthcare 11.16%
3 Technology 10.25%
4 Industrials 6.83%
5 Consumer Staples 5.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PLD icon
1
Prologis
PLD
$137B
$214M 3.74%
1,895,100
+92,783
+5% +$10.3M
WELL icon
2
Welltower
WELL
$172B
$179M 3.12%
2,723,584
+1,596,237
+142% +$103M
DLR icon
3
Digital Realty Trust
DLR
$71.5B
$172M 3.02%
1,718,260
+1,117,161
+186% +$114M
WPC icon
4
W.P. Carey
WPC
$16.8B
$139M 2.43%
1,810,413
+566,362
+46% +$42.5M
ESS icon
5
Essex Property Trust
ESS
$18.9B
$135M 2.37%
638,766
+613,092
+2,388% +$134M
INVH icon
6
Invitation Homes
INVH
$17.9B
$129M 2.25%
4,344,304
-38,085
-0.9% -$1.21M
SPG icon
7
Simon Property Group
SPG
$76.8B
$128M 2.24%
1,088,809
-7,679
-0.7% -$853K
AAPL icon
8
Apple
AAPL
$4.99T
$118M 2.07%
908,477
-295,890
-25% -$42.3M
REXR icon
9
Rexford Industrial Realty
REXR
$8.64B
$118M 2.06%
2,152,020
+82,281
+4% +$4.44M
TMO icon
10
Thermo Fisher Scientific
TMO
$214B
$117M 2.05%
213,154
-3,948
-2% -$2.09M
UDR icon
11
UDR
UDR
$12.7B
$117M 2.04%
3,008,595
+45,057
+2% +$1.78M
CPT icon
12
Camden Property Trust
CPT
$11.4B
$116M 2.03%
1,036,300
– –
CUBE icon
13
CubeSmart
CUBE
$9.62B
$115M 2.02%
2,864,394
+146,340
+5% +$5.89M
NNN icon
14
NNN REIT
NNN
$9.37B
$115M 2.01%
2,504,236
-193,854
-7% -$8.43M
DOC icon
15
Healthpeak Properties
DOC
$15.7B
$103M 1.8%
4,096,330
-1,203,028
-23% -$29.2M
TRNO icon
16
Terreno Realty
TRNO
$7.72B
$101M 1.76%
1,771,084
-42,081
-2% -$2.36M
SITC icon
17
SITE Centers
SITC
$235M
$99.3M 1.74%
9,321,772
+2,561,938
+38% +$25.1M
EQIX icon
18
Equinix
EQIX
$102B
$98.9M 1.73%
151,035
-188,991
-56% -$117M
MSFT icon
19
Microsoft
MSFT
$2.92T
$94.9M 1.66%
395,586
-104,250
-21% -$25M
LSI
20
DELISTED
Life Storage, Inc.
LSI
$89.8M 1.57%
911,260
-31,817
-3% -$3.33M
REG icon
21
Regency Centers
REG
$14.8B
$89M 1.56%
1,423,242
-310,288
-18% -$19.1M
PK icon
22
Park Hotels & Resorts
PK
$3.06B
$85.7M 1.5%
7,265,635
-330,858
-4% -$4.03M
O icon
23
Realty Income
O
$61.3B
$80.9M 1.42%
1,275,590
+182,140
+17% +$11.3M
MDT icon
24
Medtronic
MDT
$111B
$74.4M 1.3%
956,861
+5,276
+0.6% +$428K
KRC icon
25
Kilroy Realty
KRC
$4.5B
$74.2M 1.3%
1,919,078
– –
1
2 3 4 5

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PGGM Investments's Q4 2022 Portfolio in Review

As of Q4 2022, PGGM Investments held 400 positions worth $5.71B, up 0.46% from $5.69B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

PGGM Investments withdrew a net $377M in Q4 2022, closing 22 positions and reducing 266 holdings. Its most notable exit was SL Green Realty, an estimated $19.7M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 49% of assets, up from 45% a quarter earlier, followed by Healthcare and Technology.

Against the trend, PGGM Investments opened a new position in Alexandria Real Estate Equities worth $54.1M.

  • PGGM Investments's largest Q4 2022 buy was Alexandria Real Estate Equities: 371,175 shares worth $54.1M.
  • PGGM Investments added most to Essex Property Trust in Q4 2022, an estimated $134M increase.
  • PGGM Investments's biggest Q4 2022 reduction was Sun Communities, cutting an estimated $126M.
  • PGGM Investments fully exited SL Green Realty in Q4 2022, selling an estimated $19.7M.
  • PGGM Investments's ten largest holdings make up 25% of its $5.71B portfolio in Q4 2022.
  • PGGM Investments opened 18 new positions and closed 22 in Q4 2022.
  • PGGM Investments's portfolio value rose 0.46% quarter-over-quarter to $5.71B.

Based on PGGM Investments's 13F filing for Q4 2022, filed 13 Feb 2023.