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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
+4.75%
1 Year Est. Return
+17.05%
3 Year Est. Return
+53.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$6.32B
AUM Growth
+$136M
Cap. Flow
-$4.42M
Cap. Flow %
-0.07%
Top 10 Hldgs %
35.1%
Holding
70
New
4
Increased
17
Reduced
20
Closed
4

Top Buys

Rank Stock Value
1
HR icon
Healthcare Realty
HR
+$119M
2
VTR icon
Ventas
VTR
+$96.2M
3
PLD icon
Prologis
PLD
+$71.6M
4
PG icon
Procter & Gamble
PG
+$49.6M
5
AVB icon
AvalonBay Communities
AVB
+$49.5M

Top Sells

Rank Stock Value
1
WELL icon
Welltower
WELL
+$142M
2
ELS icon
Equity Lifestyle Properties
ELS
+$43.5M
3
CTVA icon
Corteva
CTVA
+$37.7M
4
REXR icon
Rexford Industrial Realty
REXR
+$33.2M
5
FR icon
First Industrial Realty Trust
FR
+$32.6M

Sector Composition

Rank Sector Weight
1 Real Estate 52.21%
2 Healthcare 14.16%
3 Technology 13.51%
4 Materials 5.39%
5 Industrials 3.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WELL icon
1
Welltower
WELL
$175B
$378M 5.99%
2,038,211
-762,541
-27% -$142M
PLD icon
2
Prologis
PLD
$137B
$324M 5.13%
2,538,946
+574,387
+29% +$71.6M
EQIX icon
3
Equinix
EQIX
$102B
$280M 4.43%
365,234
-6,798
-2% -$5.33M
TMO icon
4
Thermo Fisher Scientific
TMO
$214B
$201M 3.18%
346,371
-45,549
-12% -$25.8M
MSFT icon
5
Microsoft
MSFT
$2.92T
$198M 3.13%
408,683
+29,114
+8% +$14.6M
EXR icon
6
Extra Space Storage
EXR
$32.2B
$184M 2.91%
1,409,528
-48,246
-3% -$6.58M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.08T
$170M 2.7%
543,993
-8,571
-2% -$2.45M
ALB icon
8
Albemarle
ALB
$13.3B
$168M 2.65%
1,185,005
– –
INVH icon
9
Invitation Homes
INVH
$17.9B
$163M 2.58%
5,868,534
+195,814
+3% +$5.47M
UDR icon
10
UDR
UDR
$12.7B
$152M 2.4%
4,133,474
+154,119
+4% +$5.48M
ILMN icon
11
Illumina
ILMN
$29.2B
$151M 2.39%
1,149,408
– –
SPG icon
12
Simon Property Group
SPG
$76.8B
$145M 2.3%
784,908
– –
AVB icon
13
AvalonBay Communities
AVB
$27.2B
$142M 2.24%
781,956
+272,682
+54% +$49.5M
RUN icon
14
Sunrun
RUN
$2.3B
$141M 2.23%
7,667,413
-589,528
-7% -$11.3M
HDB icon
15
HDFC Bank
HDB
$121B
$139M 2.2%
3,799,908
– –
IRM icon
16
Iron Mountain
IRM
$37.4B
$137M 2.18%
1,657,159
-27,622
-2% -$2.59M
LLY icon
17
Eli Lilly
LLY
$1.09T
$136M 2.16%
126,939
+30,170
+31% +$28.8M
NVDA icon
18
NVIDIA
NVDA
$4.77T
$135M 2.14%
726,231
– –
LIN icon
19
Linde
LIN
$236B
$130M 2.05%
304,112
– –
NEE icon
20
NextEra Energy
NEE
$186B
$117M 1.85%
1,453,747
+152,441
+12% +$12.6M
HR icon
21
Healthcare Realty
HR
$7.58B
$113M 1.8%
+6,689,638
New +$119M
FRT icon
22
Federal Realty Investment Trust
FRT
$10.9B
$103M 1.64%
1,026,327
-45,488
-4% -$4.48M
ABT icon
23
Abbott
ABT
$187B
$101M 1.61%
810,054
– –
FR icon
24
First Industrial Realty Trust
FR
$8.77B
$100M 1.59%
1,752,583
-584,517
-25% -$32.6M
VTR icon
25
Ventas
VTR
$47.7B
$98.7M 1.56%
+1,275,340
New +$96.2M
1
2 3

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PGGM Investments's Q4 2025 Portfolio in Review

As of Q4 2025, PGGM Investments held 70 positions worth $6.32B, up 2.2% from $6.18B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

PGGM Investments's Q4 2025 filing shows 4 new, 17 increased, 20 reduced and 4 closed positions. Its largest new stake was Healthcare Realty: 6,689,638 shares worth $113M. The largest sale was Welltower, an estimated $142M.

By sector, the portfolio is most concentrated in Real Estate at 52% of assets, down from 55% a quarter earlier, followed by Healthcare and Technology.

  • PGGM Investments's largest Q4 2025 buy was Healthcare Realty: 6,689,638 shares worth $113M.
  • PGGM Investments added most to Prologis in Q4 2025, an estimated $71.6M increase.
  • PGGM Investments's biggest Q4 2025 reduction was Welltower, cutting an estimated $142M.
  • PGGM Investments fully exited BioMarin Pharmaceuticals in Q4 2025, selling an estimated $28.1M.
  • PGGM Investments's ten largest holdings make up 35% of its $6.32B portfolio in Q4 2025.
  • PGGM Investments opened 4 new positions and closed 4 in Q4 2025.
  • PGGM Investments's portfolio value rose 2.2% quarter-over-quarter to $6.32B.

Based on PGGM Investments's 13F filing for Q4 2025, filed 9 Feb 2026.