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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
+8.54%
1 Year Est. Return
+17.05%
3 Year Est. Return
+53.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$6.18B
AUM Growth
+$413M
Cap. Flow
+$87.3M
Cap. Flow %
1.41%
Top 10 Hldgs %
36.26%
Holding
69
New
1
Increased
22
Reduced
10
Closed
3

Top Buys

Rank Stock Value
1
FR icon
First Industrial Realty Trust
FR
+$37M
2
MKC icon
McCormick & Company Non-Voting
MKC
+$27.8M
3
AAPL icon
Apple
AAPL
+$24.8M
4
WELL icon
Welltower
WELL
+$22.8M
5
INVH icon
Invitation Homes
INVH
+$20.1M

Top Sells

Rank Stock Value
1
ITRI icon
Itron
ITRI
+$47.7M
2
TT icon
Trane Technologies
TT
+$32.3M
3
CPT icon
Camden Property Trust
CPT
+$30.3M
4
KRC icon
Kilroy Realty
KRC
+$24.4M
5
REXR icon
Rexford Industrial Realty
REXR
+$22.2M

Sector Composition

Rank Sector Weight
1 Real Estate 54.83%
2 Technology 14.04%
3 Healthcare 12.9%
4 Materials 5.51%
5 Industrials 3.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WELL icon
1
Welltower
WELL
$175B
$499M 8.07%
2,800,752
+138,665
+5% +$22.8M
EQIX icon
2
Equinix
EQIX
$102B
$291M 4.71%
372,032
– –
PLD icon
3
Prologis
PLD
$137B
$225M 3.64%
1,964,559
+48,967
+3% +$5.38M
EXR icon
4
Extra Space Storage
EXR
$32.2B
$205M 3.32%
1,457,774
+75,225
+5% +$10.8M
MSFT icon
5
Microsoft
MSFT
$2.92T
$197M 3.18%
379,569
– –
TMO icon
6
Thermo Fisher Scientific
TMO
$214B
$190M 3.08%
391,920
– –
IRM icon
7
Iron Mountain
IRM
$37.4B
$172M 2.78%
1,684,781
+118,989
+8% +$11.5M
INVH icon
8
Invitation Homes
INVH
$17.9B
$166M 2.69%
5,672,720
+653,539
+13% +$20.1M
UDR icon
9
UDR
UDR
$12.7B
$148M 2.4%
3,979,355
+301,583
+8% +$11.8M
SPG icon
10
Simon Property Group
SPG
$76.8B
$147M 2.38%
784,908
– –
LIN icon
11
Linde
LIN
$236B
$144M 2.34%
304,112
– –
RUN icon
12
Sunrun
RUN
$2.3B
$143M 2.31%
8,256,941
+1,249,683
+18% +$16.7M
DOC icon
13
Healthpeak Properties
DOC
$15.7B
$141M 2.29%
7,374,728
– –
NVDA icon
14
NVIDIA
NVDA
$4.77T
$136M 2.19%
726,231
– –
GOOGL icon
15
Alphabet (Google) Class A
GOOGL
$4.08T
$134M 2.17%
552,564
+27,926
+5% +$5.85M
HDB icon
16
HDFC Bank
HDB
$121B
$130M 2.1%
3,799,908
– –
ELS icon
17
Equity Lifestyle Properties
ELS
$12.8B
$124M 2%
2,041,332
+149,066
+8% +$9.05M
FR icon
18
First Industrial Realty Trust
FR
$8.77B
$120M 1.95%
2,337,100
+736,477
+46% +$37M
MDT icon
19
Medtronic
MDT
$111B
$113M 1.84%
1,191,228
-57,366
-5% -$5.27M
ILMN icon
20
Illumina
ILMN
$29.2B
$109M 1.77%
1,149,408
– –
FRT icon
21
Federal Realty Investment Trust
FRT
$10.9B
$109M 1.76%
1,071,815
-173,527
-14% -$16.8M
ABT icon
22
Abbott
ABT
$187B
$108M 1.76%
810,054
-34,218
-4% -$4.49M
KRC icon
23
Kilroy Realty
KRC
$4.5B
$105M 1.7%
2,480,570
-619,823
-20% -$24.4M
BRX icon
24
Brixmor Property Group
BRX
$9.77B
$102M 1.66%
3,702,302
+615,341
+20% +$16.5M
AVB icon
25
AvalonBay Communities
AVB
$27.2B
$98.4M 1.59%
509,274
+30,308
+6% +$5.9M
1
2 3

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PGGM Investments's Q3 2025 Portfolio in Review

As of Q3 2025, PGGM Investments held 69 positions worth $6.18B, up 7.2% from $5.77B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

PGGM Investments's Q3 2025 filing shows 1 new, 22 increased, 10 reduced and 3 closed positions. Its largest new stake was SolarEdge: 660,481 shares worth $24.4M. The largest sale was Itron, an estimated $47.7M.

By sector, the portfolio is most concentrated in Real Estate at 55% of assets, down from 56% a quarter earlier, followed by Technology and Healthcare.

  • PGGM Investments's largest Q3 2025 buy was SolarEdge: 660,481 shares worth $24.4M.
  • PGGM Investments added most to First Industrial Realty Trust in Q3 2025, an estimated $37M increase.
  • PGGM Investments's biggest Q3 2025 reduction was Trane Technologies, cutting an estimated $32.3M.
  • PGGM Investments fully exited Itron in Q3 2025, selling an estimated $47.7M.
  • PGGM Investments's ten largest holdings make up 36% of its $6.18B portfolio in Q3 2025.
  • PGGM Investments opened 1 new position and closed 3 in Q3 2025.
  • PGGM Investments's portfolio value rose 7.2% quarter-over-quarter to $6.18B.

Based on PGGM Investments's 13F filing for Q3 2025, filed 28 Oct 2025.