# Pensionfund PDN

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1297731. Source: https://holderbook.com/funds/1297731-pensionfund-pdn/

- Reported value: $170.0K
- Positions: 72
- Weight of the ten largest: 52.9%
- Filed: 2026-10-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $15.8K | 122,053 | 9.3% | 32 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $13.9K | 60,253 | 8.2% | 32 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $13.7K | 13,514 | 8.0% | 28 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $8.1K | 40,208 | 4.7% | 32 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $7.9K | 45,119 | 4.7% | 32 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $7.3K | 134,870 | 4.3% | 23 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $6.6K | 108,906 | 3.9% | 32 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $6.4K | 22,631 | 3.8% | 32 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $5.5K | 64,179 | 3.2% | 32 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $4.7K | 206,000 | 2.8% | 23 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $4.5K | 40,300 | 2.6% | 32 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $3.6K | 178,473 | 2.1% | 28 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $2.8K | 21,340 | 1.7% | 13 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $2.8K | 43,300 | 1.6% | 28 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $2.6K | 9,695 | 1.5% | 32 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $2.6K | 99,110 | 1.5% | 32 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $2.5K | 90,000 | 1.5% | 32 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $2.3K | 15,700 | 1.3% | 8 |
| HOST HOTELS & RESORTS INC | [HST](https://holderbook.com/stocks/HST/) | $2.2K | 97,998 | 1.3% | 32 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $2.1K | 51,200 | 1.2% | 11 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $2.0K | 66,000 | 1.2% | 32 |
| OMEGA HEALTHCARE INVS INC | [OHI](https://holderbook.com/stocks/OHI/) | $2.0K | 43,300 | 1.2% | 30 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $1.9K | 50,000 | 1.1% | 32 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $1.8K | 15,640 | 1.1% | 32 |
| SABRA HEALTH CARE REIT INC | [SBRA](https://holderbook.com/stocks/SBRA/) | $1.8K | 90,730 | 1.1% | 32 |
| ESSENTIAL PPTYS RLTY TR INC | [EPRT](https://holderbook.com/stocks/EPRT/) | $1.8K | 68,500 | 1.0% | 27 |
| STAG INDUSTRIAL INC | [STAG](https://holderbook.com/stocks/STAG/) | $1.8K | 48,880 | 1.0% | 32 |
| EPR PPTYS | [EPR](https://holderbook.com/stocks/EPR/) | $1.7K | 30,962 | 1.0% | 32 |
| LTC PPTYS INC | [LTC](https://holderbook.com/stocks/LTC/) | $1.7K | 40,500 | 1.0% | 4 |
| LXP INDUSTRIAL TRUST | [LXP](https://holderbook.com/stocks/LXP/) | $1.7K | 27,400 | 1.0% | 4 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $1.5K | 40,172 | 0.9% | 32 |
| KITE REALTY GROUP TRUST | [KRG](https://holderbook.com/stocks/KRG/) | $1.5K | 62,500 | 0.9% | 32 |
| UMH PPTYS INC | [UMH](https://holderbook.com/stocks/UMH/) | $1.5K | 94,900 | 0.9% | 32 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $1.5K | 65,731 | 0.9% | 32 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $1.4K | 77,000 | 0.8% | 16 |
| CARETRUST REIT INC | [CTRE](https://holderbook.com/stocks/CTRE/) | $1.4K | 38,000 | 0.8% | 7 |
| UDR INC | [UDR](https://holderbook.com/stocks/UDR/) | $1.3K | 39,605 | 0.8% | 32 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $1.3K | 92,000 | 0.8% | 7 |
| MILLROSE PPTYS INC | [MRP](https://holderbook.com/stocks/MRP/) | $1.3K | 49,500 | 0.8% | 4 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $1.3K | 13,086 | 0.7% | 32 |
| FOUR CORNERS PPTY TR INC | [FCPT](https://holderbook.com/stocks/FCPT/) | $1.3K | 57,500 | 0.7% | 22 |
| NATIONAL HEALTH INVS INC | [NHI](https://holderbook.com/stocks/NHI/) | $1.2K | 19,000 | 0.7% | 32 |
| GETTY RLTY CORP NEW | [GTY](https://holderbook.com/stocks/GTY/) | $1.2K | 43,000 | 0.7% | 17 |
| HEALTHCARE RLTY TR | [HR](https://holderbook.com/stocks/HR/) | $1.1K | 59,719 | 0.6% | 17 |
| COUSINS PPTYS INC | [CUZ](https://holderbook.com/stocks/CUZ/) | $1.0K | 36,977 | 0.6% | 30 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $961 | 34,617 | 0.6% | 7 |
| PHILLIPS EDISON & CO INC | [PECO](https://holderbook.com/stocks/PECO/) | $952 | 25,500 | 0.6% | 3 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $888 | 18,700 | 0.5% | 32 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $838 | 13,717 | 0.5% | 32 |
| APPLE HOSPITALITY REIT INC | [APLE](https://holderbook.com/stocks/APLE/) | $808 | 50,000 | 0.5% | 32 |
| PARK HOTELS & RESORTS INC | [PK](https://holderbook.com/stocks/PK/) | $802 | 52,038 | 0.5% | 28 |
| CHIRON REAL ESTATE INC | [XRN](https://holderbook.com/stocks/XRN/) | $793 | 22,800 | 0.5% | 5 |
| RLJ LODGING TR | [RLJ](https://holderbook.com/stocks/RLJ/) | $765 | 69,200 | 0.5% | 32 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $647 | 9,000 | 0.4% | 4 |
| VORNADO RLTY TR | [VNO](https://holderbook.com/stocks/VNO/) | $619 | 18,265 | 0.4% | 32 |
| KILROY REALTY CORP | [KRC](https://holderbook.com/stocks/KRC/) | $599 | 18,000 | 0.4% | 32 |
| HIGHWOODS PPTYS INC | [HIW](https://holderbook.com/stocks/HIW/) | $575 | 19,802 | 0.3% | 32 |
| COMMUNITY HEALTHCARE TR INC | [CHCT](https://holderbook.com/stocks/CHCT/) | $567 | 40,000 | 0.3% | 4 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $501 | 34,500 | 0.3% | 23 |
| CHATHAM LODGING TR | [CLDT](https://holderbook.com/stocks/CLDT/) | $482 | 36,000 | 0.3% | 32 |
| CENTERSPACE | [CSR](https://holderbook.com/stocks/CSR/) | $478 | 8,780 | 0.3% | 22 |
| INNOVATIVE INDL PPTYS INC | [IIPR](https://holderbook.com/stocks/IIPR/) | $443 | 8,400 | 0.3% | 27 |
| MACERICH CO | [MAC](https://holderbook.com/stocks/MAC/) | $419 | 18,720 | 0.2% | 32 |
| SUMMIT HOTEL PPTYS | [INN](https://holderbook.com/stocks/INN/) | $412 | 69,000 | 0.2% | 32 |
| TANGER INC | [SKT](https://holderbook.com/stocks/SKT/) | $377 | 11,000 | 0.2% | 32 |
| BRANDYWINE RLTY TR | [BDN](https://holderbook.com/stocks/BDN/) | $368 | 131,400 | 0.2% | 32 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $301 | 87,000 | 0.2% | 32 |
| GLOBAL NET LEASE INC | [GNL](https://holderbook.com/stocks/GNL/) | $256 | 30,976 | 0.2% | 32 |
| PEBBLEBROOK HOTEL TR | [PEB](https://holderbook.com/stocks/PEB/) | $167 | 8,911 | 0.1% | 32 |
| HUDSON PACIFIC PROPERTIES IN | [HPP](https://holderbook.com/stocks/HPP/) | $139 | 12,071 | 0.1% | 4 |
| POWER REIT | [PW-PA](https://holderbook.com/stocks/PW-PA/) | $55 | 7,852 | 0.0% | 2 |
| SITE CTRS CORP | [SITC](https://holderbook.com/stocks/SITC/) | $25 | 7,500 | 0.0% | 9 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.7% | +14.8% | -3.1% | 100% |
| Q1 2026 | +3.4% | -4.6% | +8.1% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.8% | 100% |
| Q3 2025 | +5.7% | +7.8% | -2.1% | 100% |
| Q2 2025 | -2.5% | +10.5% | -12.9% | 100% |
| Q1 2025 | +0.5% | -4.6% | +5.0% | 100% |
| Q4 2024 | -8.4% | +2.1% | -10.5% | 100% |
| Q3 2024 | +15.0% | +5.4% | +9.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $170.0K | 72 |
| Q2 2026 | $194.4M | 76 |
| Q1 2026 | $172.9M | 76 |
| Q4 2025 | $151.9M | 76 |
| Q3 2025 | $154.4M | 71 |
| Q2 2025 | $148.4M | 71 |
| Q1 2025 | $151.2M | 71 |
| Q4 2024 | $160.9M | 68 |
| Q3 2024 | $218.3M | 68 |
| Q2 2024 | $188.1M | 68 |
| Q1 2024 | $186.9M | 70 |
| Q4 2023 | $165.9M | 71 |