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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
-5.65%
1 Year Est. Return
+17.05%
3 Year Est. Return
+53.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.8B
AUM Growth
-$372M
Cap. Flow
+$28.8M
Cap. Flow %
0.5%
Top 10 Hldgs %
28.27%
Holding
378
New
19
Increased
127
Reduced
145
Closed
32

Top Buys

Rank Stock Value
1
SUI icon
Sun Communities
SUI
+$140M
2
EQIX icon
Equinix
EQIX
+$69.1M
3
EXR icon
Extra Space Storage
EXR
+$51M
4
SEDG icon
SolarEdge
SEDG
+$43.9M
5
FRT icon
Federal Realty Investment Trust
FRT
+$33.7M

Top Sells

Rank Stock Value
1
NNN icon
NNN REIT
NNN
+$104M
2
DLR icon
Digital Realty Trust
DLR
+$65.5M
3
ESS icon
Essex Property Trust
ESS
+$65.1M
4
OC icon
Owens Corning
OC
+$44.5M
5
UDR icon
UDR
UDR
+$39.2M

Sector Composition

Rank Sector Weight
1 Real Estate 46.88%
2 Technology 13.63%
3 Healthcare 8.88%
4 Industrials 6.78%
5 Financials 5.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PLD icon
1
Prologis
PLD
$137B
$275M 4.75%
2,452,440
+235,587
+11% +$28.8M
WELL icon
2
Welltower
WELL
$175B
$193M 3.34%
2,360,329
+69,903
+3% +$5.75M
EQIX icon
3
Equinix
EQIX
$102B
$185M 3.19%
254,552
+89,274
+54% +$69.1M
AAPL icon
4
Apple
AAPL
$4.99T
$158M 2.72%
920,253
+195
+0% +$35.8K
DLR icon
5
Digital Realty Trust
DLR
$71.5B
$155M 2.68%
1,282,040
-533,703
-29% -$65.5M
INVH icon
6
Invitation Homes
INVH
$17.9B
$150M 2.58%
4,728,124
– –
EXR icon
7
Extra Space Storage
EXR
$32.2B
$147M 2.53%
1,206,660
+379,603
+46% +$51M
SPG icon
8
Simon Property Group
SPG
$76.8B
$131M 2.26%
1,210,360
+64,985
+6% +$7.61M
SUI icon
9
Sun Communities
SUI
$15.3B
$130M 2.24%
+1,099,222
New +$140M
REXR icon
10
Rexford Industrial Realty
REXR
$8.64B
$116M 1.99%
2,341,014
– –
DOC icon
11
Healthpeak Properties
DOC
$15.7B
$114M 1.97%
6,222,255
– –
WPC icon
12
W.P. Carey
WPC
$16.8B
$114M 1.97%
2,153,251
+145,644
+7% +$9.33M
CPT icon
13
Camden Property Trust
CPT
$11.4B
$112M 1.93%
1,185,039
– –
MSFT icon
14
Microsoft
MSFT
$2.92T
$109M 1.88%
344,546
-29,348
-8% -$9.7M
TMO icon
15
Thermo Fisher Scientific
TMO
$214B
$101M 1.75%
200,061
-10,862
-5% -$5.79M
TRNO icon
16
Terreno Realty
TRNO
$7.72B
$83M 1.43%
1,461,154
-52,078
-3% -$3.1M
MDT icon
17
Medtronic
MDT
$111B
$79.1M 1.36%
1,009,701
– –
O icon
18
Realty Income
O
$61.3B
$77.7M 1.34%
1,554,969
-101,587
-6% -$5.84M
ESS icon
19
Essex Property Trust
ESS
$18.9B
$76.8M 1.33%
362,252
-277,823
-43% -$65.1M
ARE icon
20
Alexandria Real Estate Equities
ARE
$9.41B
$65.3M 1.13%
652,471
+93,583
+17% +$10.9M
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$4.08T
$62.6M 1.08%
478,420
+56,077
+13% +$7.25M
KRC icon
22
Kilroy Realty
KRC
$4.5B
$60.7M 1.05%
1,919,078
– –
CUBE icon
23
CubeSmart
CUBE
$9.62B
$58.1M 1%
1,523,546
– –
UDR icon
24
UDR
UDR
$12.7B
$57.2M 0.99%
1,604,241
-982,247
-38% -$39.2M
ITRI icon
25
Itron
ITRI
$4.75B
$57.1M 0.99%
943,291
– –
1
2 3 4 5

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PGGM Investments's Q3 2023 Portfolio in Review

As of Q3 2023, PGGM Investments held 378 positions worth $5.8B, down 6% from $6.17B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

PGGM Investments's Q3 2023 filing shows 19 new, 127 increased, 145 reduced and 32 closed positions. Its largest new stake was Sun Communities: 1,099,222 shares worth $130M. The largest sale was NNN REIT, an estimated $104M.

By sector, the portfolio is most concentrated in Real Estate at 47% of assets, down from 48% a quarter earlier, followed by Technology and Healthcare.

  • PGGM Investments's largest Q3 2023 buy was Sun Communities: 1,099,222 shares worth $130M.
  • PGGM Investments added most to Equinix in Q3 2023, an estimated $69.1M increase.
  • PGGM Investments's biggest Q3 2023 reduction was Digital Realty Trust, cutting an estimated $65.5M.
  • PGGM Investments fully exited NNN REIT in Q3 2023, selling an estimated $104M.
  • PGGM Investments's ten largest holdings make up 28% of its $5.8B portfolio in Q3 2023.
  • PGGM Investments opened 19 new positions and closed 32 in Q3 2023.
  • PGGM Investments's portfolio value fell 6% quarter-over-quarter to $5.8B.

Based on PGGM Investments's 13F filing for Q3 2023, filed 8 Nov 2023.