PGGM Investments portfolio
Managed by . 67 reported positions worth $5.7B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
Every position on this page is a snapshot of 2026-03-31. It was already 45 days old on 2026-05-15, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| AZN | ASTRAZENECA PLC | $94.8M | 645,456 | 1.66% |
| VLTO | VERALTO CORP COM SHS | $62.1M | 701,938 | 1.09% |
| AMH | AMERICAN HOMES 4 RENT CL A | $46.9M | 1,680,955 | 0.82% |
| CUZ | COUSINS PPTYS INC COM NEW | $31.0M | 1,372,198 | 0.54% |
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| MSFT | MICROSOFT CORP COM | $155.8M | 421,020 | 2.73% | +3% |
| RUN | SUNRUN INC COM | $129.5M | 9,546,965 | 2.27% | +25% |
| LLY | ELI LILLY CO COM | $121.2M | 131,807 | 2.13% | +4% |
| HDB | HDFC BANK LTD SPONSORED ADS | $106.4M | 4,275,216 | 1.86% | +13% |
| WCN | WASTE CONNECTIONS INC COM | $73.8M | 454,290 | 1.29% | +7% |
| IQV | IQVIA HLDGS INC COM | $63.9M | 374,759 | 1.12% | +54% |
| ARGX | ARGENX SE SPONSORED ADR | $52.2M | 71,514 | 0.92% | +30% |
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| AGRO | ADECOAGRO S A COM | $15.5M | 1,030,557 | 0.27% | -75% |
| INVH | INVITATION HOMES INC COM | $68.6M | 2,761,424 | 1.20% | -53% |
| WMS | ADVANCED DRAIN SYS INC DEL COM | $26.1M | 190,291 | 0.46% | -44% |
| KRC | KILROY REALTY CORP COM | $42.0M | 1,488,479 | 0.74% | -43% |
| FR | FIRST INDL RLTY TR INC COM | $65.7M | 1,135,312 | 1.15% | -35% |
| ELS | EQUITY LIFESTYLE PROPERTIES COM | $54.7M | 875,921 | 0.96% | -34% |
| ARE | ALEXANDRIA REAL ESTATE EQ IN COM | $34.5M | 743,471 | 0.61% | -34% |
| ALB | ALBEMARLE CORP COM | $163.2M | 909,193 | 2.86% | -23% |
| FRT | FEDERAL RLTY INVT TR NEW SH BEN IN | $86.3M | 812,293 | 1.51% | -21% |
| NEE | NEXTERA ENERGY INC COM | $109.6M | 1,180,318 | 1.92% | -19% |
| SPG | SIMON PPTY GROUP INC NEW COM | $119.0M | 638,078 | 2.09% | -19% |
| IRM | IRON MTN INC DEL COM | $139.9M | 1,369,998 | 2.45% | -17% |
| BRX | BRIXMOR PPTY GROUP INC COM | $88.2M | 3,062,353 | 1.55% | -17% |
| EQIX | EQUINIX INC COM | $299.0M | 305,073 | 5.24% | -16% |
| MAC | MACERICH CO COM | $63.7M | 3,370,522 | 1.12% | -16% |
All reported holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| WELL | WELLTOWER INC COM | $346.3M | 1,751,383 | 6.07% | — |
| PLD | PROLOGIS INC. COM | $301.7M | 2,282,385 | 5.29% | — |
| EQIX | EQUINIX INC COM | $299.0M | 305,073 | 5.24% | — |
| ALB | ALBEMARLE CORP COM | $163.2M | 909,193 | 2.86% | — |
| EXR | EXTRA SPACE STORAGE INC COM | $157.0M | 1,197,251 | 2.75% | — |
| GOOGL | ALPHABET INC CAP STK CL A | $156.4M | 543,993 | 2.74% | — |
| MSFT | MICROSOFT CORP COM | $155.8M | 421,020 | 2.73% | — |
| TMO | THERMO FISHER SCIENTIFIC INC COM | $152.0M | 309,197 | 2.66% | — |
| LIN | LINDE PLC SHS | $150.8M | 304,112 | 2.64% | — |
| IRM | IRON MTN INC DEL COM | $139.9M | 1,369,998 | 2.45% | — |
| RUN | SUNRUN INC COM | $129.5M | 9,546,965 | 2.27% | — |
| NVDA | NVIDIA CORPORATION COM | $126.7M | 726,231 | 2.22% | — |
| ILMN | ILLUMINA INC COM | $122.1M | 990,475 | 2.14% | — |
| AVB | AVALONBAY CMNTYS INC COM | $121.5M | 743,501 | 2.13% | — |
| LLY | ELI LILLY CO COM | $121.2M | 131,807 | 2.13% | — |
| SPG | SIMON PPTY GROUP INC NEW COM | $119.0M | 638,078 | 2.09% | — |
| UDR | UDR INC COM | $117.2M | 3,469,122 | 2.05% | — |
| NEE | NEXTERA ENERGY INC COM | $109.6M | 1,180,318 | 1.92% | — |
| HDB | HDFC BANK LTD SPONSORED ADS | $106.4M | 4,275,216 | 1.86% | — |
| HR | HEALTHCARE RLTY TR CL A COM | $95.3M | 5,607,134 | 1.67% | — |
| AZN | ASTRAZENECA PLC | $94.8M | 645,456 | 1.66% | — |
| AAPL | APPLE INC COM | $90.8M | 357,916 | 1.59% | — |
| DOC | HEALTHPEAK PROPERTIES INC COM | $88.4M | 5,382,570 | 1.55% | — |
| BRX | BRIXMOR PPTY GROUP INC COM | $88.2M | 3,062,353 | 1.55% | — |
| VTR | VENTAS INC COM | $87.5M | 1,070,352 | 1.53% | — |
| FRT | FEDERAL RLTY INVT TR NEW SH BEN IN | $86.3M | 812,293 | 1.51% | — |
| ABT | ABBOTT LABORATORIES COM | $83.2M | 810,054 | 1.46% | — |
| MDT | MEDTRONIC PLC SHS | $78.9M | 910,258 | 1.38% | — |
| WCN | WASTE CONNECTIONS INC COM | $73.8M | 454,290 | 1.29% | — |
| AVGO | BROADCOM INC COM | $73.0M | 235,723 | 1.28% | — |
| REGN | REGENERON PHARMACEUTICALS COM | $71.5M | 92,584 | 1.25% | — |
| ADC | AGREE RLTY CORP COM | $70.3M | 932,633 | 1.23% | — |
| EPRT | ESSENTIAL PPTYS RLTY TR INC COM | $69.8M | 2,298,189 | 1.22% | — |
| INVH | INVITATION HOMES INC COM | $68.6M | 2,761,424 | 1.20% | — |
| FR | FIRST INDL RLTY TR INC COM | $65.7M | 1,135,312 | 1.15% | — |
| DLR | DIGITAL RLTY TR INC COM | $65.7M | 364,315 | 1.15% | — |
| IQV | IQVIA HLDGS INC COM | $63.9M | 374,759 | 1.12% | — |
| MAC | MACERICH CO COM | $63.7M | 3,370,522 | 1.12% | — |
| VLTO | VERALTO CORP COM SHS | $62.1M | 701,938 | 1.09% | — |
| V | VISA INC COM CL A | $60.8M | 201,217 | 1.07% | — |
| RHP | RYMAN HOSPITALITY PPTYS INC COM | $60.8M | 658,425 | 1.07% | — |
| ADM | ARCHER DANIELS MIDLAND CO COM | $60.4M | 830,238 | 1.06% | — |
| SNPS | SYNOPSYS INC COM | $55.8M | 140,654 | 0.98% | — |
| ELS | EQUITY LIFESTYLE PROPERTIES COM | $54.7M | 875,921 | 0.96% | — |
| CTVA | CORTEVA INC COM | $53.7M | 640,956 | 0.94% | — |
| ARGX | ARGENX SE SPONSORED ADR | $52.2M | 71,514 | 0.92% | — |
| PG | PROCTER GAMBLE CO COM | $48.6M | 336,355 | 0.85% | — |
| AMH | AMERICAN HOMES 4 RENT CL A | $46.9M | 1,680,955 | 0.82% | — |
| COLD | AMERICOLD REALTY TRUST INC COM | $44.4M | 3,872,569 | 0.78% | — |
| CDNS | CADENCE DESIGN SYSTEM INC COM | $44.0M | 158,267 | 0.77% | — |
| ROP | ROPER TECHNOLOGIES INC COM | $42.6M | 120,496 | 0.75% | — |
| KRC | KILROY REALTY CORP COM | $42.0M | 1,488,479 | 0.74% | — |
| TTEK | TETRA TECH INC NEW COM | $37.8M | 1,253,857 | 0.66% | — |
| MKC | MCCORMICK CO INC COM NON VTG | $37.7M | 746,607 | 0.66% | — |
| ARE | ALEXANDRIA REAL ESTATE EQ IN COM | $34.5M | 743,471 | 0.61% | — |
| SEDG | SOLAREDGE TECHNOLOGIES INC COM | $33.4M | 653,799 | 0.59% | — |
| CUZ | COUSINS PPTYS INC COM NEW | $31.0M | 1,372,198 | 0.54% | — |
| PSA | PUBLIC STORAGE OPER CO COM | $30.9M | 113,988 | 0.54% | — |
| CUBE | CUBESMART COM | $29.0M | 791,438 | 0.51% | — |
| ISRG | INTUITIVE SURGICAL INC COM NEW | $28.7M | 62,273 | 0.50% | — |
| REXR | REXFORD INDL RLTY INC COM | $27.0M | 823,674 | 0.47% | — |
| WMS | ADVANCED DRAIN SYS INC DEL COM | $26.1M | 190,291 | 0.46% | — |
| CNM | CORE MAIN INC CL A | $23.1M | 467,436 | 0.40% | — |
| HST | HOST HOTELS RESORTS INC COM | $19.7M | 1,030,749 | 0.35% | — |
| APTV | APTIV PLC COM SHS | $15.5M | 223,372 | 0.27% | — |
| AGRO | ADECOAGRO S A COM | $15.5M | 1,030,557 | 0.27% | — |
| UBER | UBER TECHNOLOGIES INC COM | $10.4M | 144,418 | 0.18% | — |
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
This page was built from one document: the 2026-03-31 Form 13F info table filed by PGGM Investments (CIK 1472190, accession 0001472190-26-000002). Every other 13F site is reading the same file.
One quirk worth naming: this manager still reports position values in thousands, although Form 13F has required whole dollars since 2023. We detect that by comparing this filing’s implied price per share against what every other manager holding the same securities reported for them this quarter — and multiply by 1,000. Figures on this page are therefore 1,000x the numbers you will read in the document itself.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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