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PI

PGGM Investments Portfolio holdings

AUM $4.06B
1-Year Est. Return 24.91%
This Fund
S&P 500
This Quarter Est. Return
-0.07%
1 Year Est. Return
+24.91%
3 Year Est. Return
+60.41%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.7B
AUM Growth
-$613M
Cap. Flow
-$481M
Cap. Flow %
-8.43%
Top 10 Hldgs %
35.45%
Holding
70
New
4
Increased
8
Reduced
36
Closed
3

Top Buys

Rank Stock Value
1
AZN icon
AstraZeneca
AZN
+$124M
2
VLTO icon
Veralto
VLTO
+$66.7M
3
AMH icon
American Homes 4 Rent
AMH
+$50.8M
4
CUZ icon
Cousins Properties
CUZ
+$33.3M
5
RUN icon
Sunrun
RUN
+$31.3M

Top Sells

Rank Stock Value
1
INVH icon
Invitation Homes
INVH
+$81.4M
2
WELL icon
Welltower
WELL
+$56.7M
3
EQIX icon
Equinix
EQIX
+$53.5M
4
ALB icon
Albemarle
ALB
+$47.1M
5
KRC icon
Kilroy Realty
KRC
+$37.5M

Sector Composition

Rank Sector Weight
1 Real Estate 50.35%
2 Healthcare 15.23%
3 Technology 13.36%
4 Materials 6.45%
5 Industrials 3.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WELL icon
1
Welltower
WELL
$166B
$346M 6.07%
1,751,383
-286,828
-14% -$56.7M
PLD icon
2
Prologis
PLD
$133B
$302M 5.29%
2,282,385
-256,561
-10% -$34.3M
EQIX icon
3
Equinix
EQIX
$105B
$299M 5.24%
305,073
-60,161
-16% -$53.5M
ALB icon
4
Albemarle
ALB
$15.2B
$163M 2.86%
909,193
-275,812
-23% -$47.1M
EXR icon
5
Extra Space Storage
EXR
$31.1B
$157M 2.75%
1,197,251
-212,277
-15% -$29.9M
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.19T
$156M 2.74%
543,993
– –
MSFT icon
7
Microsoft
MSFT
$3.67T
$156M 2.73%
421,020
+12,337
+3% +$5.16M
TMO icon
8
Thermo Fisher Scientific
TMO
$223B
$152M 2.66%
309,197
-37,174
-11% -$20.2M
LIN icon
9
Linde
LIN
$222B
$151M 2.64%
304,112
– –
IRM icon
10
Iron Mountain
IRM
$37.1B
$140M 2.45%
1,369,998
-287,161
-17% -$28.6M
RUN icon
11
Sunrun
RUN
$2.36B
$129M 2.27%
9,546,965
+1,879,552
+25% +$31.3M
NVDA icon
12
NVIDIA
NVDA
$5.4T
$127M 2.22%
726,231
– –
ILMN icon
13
Illumina
ILMN
$28.9B
$122M 2.14%
990,475
-158,933
-14% -$20.9M
AVB icon
14
AvalonBay Communities
AVB
$25.8B
$121M 2.13%
743,501
-38,455
-5% -$6.72M
LLY icon
15
Eli Lilly
LLY
$1.09T
$121M 2.13%
131,807
+4,868
+4% +$4.94M
SPG icon
16
Simon Property Group
SPG
$71.4B
$119M 2.09%
638,078
-146,830
-19% -$28M
UDR icon
17
UDR
UDR
$12B
$117M 2.05%
3,469,122
-664,352
-16% -$24.4M
NEE icon
18
NextEra Energy
NEE
$178B
$110M 1.92%
1,180,318
-273,429
-19% -$24.3M
HDB icon
19
HDFC Bank
HDB
$119B
$106M 1.86%
4,275,216
+475,308
+13% +$14.8M
HR icon
20
Healthcare Realty
HR
$6.62B
$95.3M 1.67%
5,607,134
-1,082,504
-16% -$19M
AZN icon
21
AstraZeneca
AZN
$245B
$94.8M 1.66%
+645,456
New +$124M
AAPL icon
22
Apple
AAPL
$4.4T
$90.8M 1.59%
357,916
– –
DOC icon
23
Healthpeak Properties
DOC
$14.3B
$88.4M 1.55%
5,382,570
-321,123
-6% -$5.5M
BRX icon
24
Brixmor Property Group
BRX
$9.1B
$88.2M 1.55%
3,062,353
-639,949
-17% -$18.1M
VTR icon
25
Ventas
VTR
$45.6B
$87.5M 1.53%
1,070,352
-204,988
-16% -$16.8M
1
2 3

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PGGM Investments's Q1 2026 Portfolio in Review

As of Q1 2026, PGGM Investments held 70 positions worth $5.7B, down 9.7% from $6.32B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

PGGM Investments withdrew a net $481M in Q1 2026, closing 3 positions and reducing 36 holdings. Its most notable exit was Johnson Controls International, an estimated $22.4M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 50% of assets, down from 52% a quarter earlier, followed by Healthcare and Technology.

Against the trend, PGGM Investments opened a new position in AstraZeneca worth $94.8M.

  • PGGM Investments's largest Q1 2026 buy was AstraZeneca: 645,456 shares worth $94.8M.
  • PGGM Investments added most to Sunrun in Q1 2026, an estimated $31.3M increase.
  • PGGM Investments's biggest Q1 2026 reduction was Invitation Homes, cutting an estimated $81.4M.
  • PGGM Investments fully exited Johnson Controls International in Q1 2026, selling an estimated $22.4M.
  • PGGM Investments's ten largest holdings make up 35% of its $5.7B portfolio in Q1 2026.
  • PGGM Investments opened 4 new positions and closed 3 in Q1 2026.
  • PGGM Investments's portfolio value fell 9.7% quarter-over-quarter to $5.7B.

Based on PGGM Investments's 13F filing for Q1 2026, filed 15 May 2026.