PGGM Investments
Reported holdings as of Q2 2026, from 30 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $218.5K | 1,092,096 | +3.16pp | 13q | +50.4%+$73.2K | |
| ALPHABET INC | GOOGL | $194.4K | 543,993 | +2.04pp | 25q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $175.3K | 349,737 | +1.65pp | 30q | +13.1%+$20.3K | |
| ELI LILLY & CO | LLY | $158.1K | 131,807 | +1.76pp | 8q | HELD | |
| LINDE PLC | LIN | $157.8K | 304,112 | +1.24pp | 14q | HELD | |
| MICROSOFT CORP | MSFT | $157.0K | 421,020 | +1.13pp | 30q | HELD | |
| APPLE INC | AAPL | $153.1K | 529,053 | +2.17pp | 30q | +47.8%+$49.5K | |
| SUNRUN INC | RUN | $127.7K | 9,546,965 | +0.87pp | 18q | HELD | |
| ALBEMARLE CORP | ALB | $122.8K | 909,193 | +0.16pp | 16q | HELD | |
| HDFC BANK LTD | HDB | $120.3K | 4,657,592 | +1.09pp | 10q | +8.9%+$9.9K | |
| EQUINIX INC | EQIX | $116.8K | 112,020 | -2.37pp | 20q | -63.3%-$201.2K | |
| WELLTOWER INC | WELL | $102.1K | 449,807 | -3.56pp | 30q | -74.3%-$295.4K | |
| ILLUMINA INC | ILMN | $93.5K | 531,623 | +0.16pp | 16q | -46.3%-$80.7K | |
| ASTRAZENECA PLC | AZN | $91.0K | 645,456 | +0.58pp | 2q | HELD | |
| ARGENX SE | ARGX | $89.5K | 96,511 | +1.29pp | 14q | +35.0%+$23.2K | |
| BROADCOM INC | AVGO | $89.0K | 235,723 | +0.91pp | 21q | HELD | |
| EXTRA SPACE STORAGE INC | EXR | $88.0K | 605,602 | -0.59pp | 30q | -49.4%-$86.0K | |
| IRON MTN INC DEL | IRM | $85.3K | 675,093 | -0.36pp | 14q | -50.7%-$87.8K | |
| ABBOTT LABORATORIES | ABT | $83.4K | 918,634 | +0.59pp | 30q | +13.4%+$9.9K | |
| VISA INC | V | $79.7K | 232,432 | +0.90pp | 26q | +15.5%+$10.7K | |
| IQVIA HLDGS INC | IQV | $77.5K | 401,347 | +0.79pp | 20q | +7.1%+$5.1K | |
| NEXTERA ENERGY INC | NEE | $76.5K | 871,243 | -0.04pp | 19q | -26.2%-$27.1K | |
| WASTE CONNECTIONS INC | WCN | $75.7K | 454,290 | +0.57pp | 6q | HELD | |
| SYNOPSYS INC | SNPS | $74.7K | 167,434 | +0.86pp | 25q | +19.0%+$11.9K | |
| MEDTRONIC PLC | MDT | $71.2K | 910,258 | +0.37pp | 30q | HELD | |
| CADENCE DESIGN SYSTEM INC | CDNS | $64.2K | 171,149 | +0.81pp | 5q | +8.1%+$4.8K | |
| VERALTO CORP | VLTO | $62.2K | 701,938 | +0.44pp | 2q | HELD | |
| ARCHER DANIELS MIDLAND CO | ADM | $58.6K | 766,629 | +0.38pp | 16q | -7.7%-$4.9K | |
| REGENERON PHARMACEUTICALS | REGN | $57.7K | 92,584 | +0.17pp | 18q | HELD | |
| HEALTHCARE RLTY TR | HR | $55.6K | 2,758,771 | -0.30pp | 3q | -50.8%-$57.5K | |
| TETRA TECH INC NEW | TTEK | $54.2K | 1,874,895 | +0.67pp | 9q | +49.5%+$17.9K | |
| HEALTHPEAK PROPERTIES INC | DOC | $53.2K | 2,484,558 | -0.24pp | 26q | -53.8%-$62.0K | |
| SIMON PPTY GROUP INC NEW | SPG | $52.4K | 234,295 | -0.80pp | 30q | -63.3%-$90.3K | |
| AMERICOLD REALTY TRUST INC | COLD | $52.1K | 3,313,846 | +0.50pp | 9q | -14.4%-$8.8K | |
| PROCTER & GAMBLE CO | PG | $49.3K | 336,355 | +0.36pp | 3q | HELD | |
| EQUITY LIFESTYLE PROPERTIES | ELS | $48.3K | 749,867 | +0.23pp | 20q | -14.4%-$8.1K | |
| AMERICAN HOMES 4 RENT | AMH | $48.2K | 1,439,038 | +0.36pp | 2q | -14.4%-$8.1K | |
| CORTEVA INC | CTVA | $44.4K | 524,475 | +0.15pp | 24q | -18.2%-$9.9K | |
| MACERICH CO | MAC | $41.8K | 1,658,943 | -0.09pp | 6q | -50.8%-$43.1K | |
| ROPER TECHNOLOGIES INC | ROP | $40.8K | 120,496 | +0.26pp | 16q | HELD | |
| PROLOGIS INC. | PLD | $38.9K | 287,280 | -4.33pp | 30q | -87.4%-$270.3K | |
| MCCORMICK & CO INC | MKC | $37.6K | 746,607 | +0.27pp | 5q | HELD | |
| VENTAS INC | VTR | $34.9K | 393,021 | -0.68pp | 3q | -63.3%-$60.1K | |
| ALEXANDRIA REAL ESTATE EQ IN | ARE | $33.6K | 636,465 | +0.22pp | 8q | -14.4%-$5.7K | |
| CORE & MAIN INC | CNM | $32.6K | 674,767 | +0.40pp | 5q | +44.4%+$10.0K | |
| RYMAN HOSPITALITY PPTYS INC | RHP | $31.1K | 241,645 | -0.30pp | 9q | -63.3%-$53.6K | |
| INVITATION HOMES INC | INVH | $30.6K | 1,013,919 | -0.45pp | 30q | -63.3%-$52.8K | |
| ADVANCED DRAIN SYS INC DEL | WMS | $29.9K | 190,291 | +0.28pp | 15q | HELD | |
| INTUITIVE SURGICAL INC | ISRG | $24.8K | 62,273 | +0.11pp | 8q | HELD | |
| DIGITAL RLTY TR INC | DLR | $24.0K | 133,769 | -0.56pp | 30q | -63.3%-$41.4K | |
| APTIV PLC | APTV | $21.9K | 357,100 | +0.27pp | 7q | +59.9%+$8.2K | |
| PUBLIC STORAGE | PSA | $13.3K | 41,859 | -0.21pp | 30q | -63.3%-$23.0K | |
| CUBESMART | CUBE | $11.6K | 290,595 | -0.22pp | 30q | -63.3%-$19.9K | |
| UBER TECHNOLOGIES INC | UBER | $10.4K | 144,418 | +0.07pp | 3q | HELD | |
| FEDERAL RLTY INVT TR NEW | FRT | $9.4K | 76,064 | -1.28pp | 16q | -90.6%-$90.9K | |
| HOST HOTELS & RESORTS INC | HST | $9.0K | 378,473 | -0.13pp | 11q | -63.3%-$15.5K | |
| BRIXMOR PPTY GROUP INC | BRX | $5.5K | 174,752 | -1.41pp | 14q | -94.3%-$91.0K | |
| KILROY REALTY CORP | KRC | $3.0K | 79,140 | -0.66pp | 16q | -94.7%-$52.8K | |
| ESSENTIAL PPTYS RLTY TR INC | EPRT | $328 | 11,005 | -1.22pp | 6q | -99.5%-$68.2K |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $4.1M | 59 | 0 | 13 | 28 | 8 | 39.0% | 43 |
| Q1 2026 | $5.7M | 67 | 4 | 8 | 36 | 3 | 35.5% | 45 |
| Q4 2025 | $6.3M | 66 | 4 | 17 | 20 | 4 | 35.1% | 40 |
| Q3 2025 | $6.2M | 66 | 1 | 23 | 10 | 3 | 36.3% | 28 |
| Q2 2025 | $5.8M | 68 | 5 | 36 | 16 | 284 | 36.1% | 18 |
| Q1 2025 | $7.4M | 347 | 18 | 95 | 82 | 16 | 29.8% | 42 |
| Q4 2024 | $7.5M | 345 | 30 | 102 | 91 | 33 | 31.4% | 41 |
| Q3 2024 | $7.8M | 348 | 25 | 99 | 96 | 21 | 31.6% | 44 |
| Q2 2024 | $7.0M | 344 | 19 | 139 | 101 | 40 | 31.3% | 16 |
| Q1 2024 | $6.9M | 365 | 56 | 121 | 84 | 42 | 32.1% | 54 |
| Q4 2023 | $6.6M | 351 | 21 | 92 | 136 | 16 | 30.7% | 36 |
| Q3 2023 | $5.8M | 346 | 20 | 121 | 138 | 33 | 28.3% | 39 |
| Q2 2023 | $6.2M | 359 | 22 | 111 | 174 | 50 | 27.2% | 38 |
| Q1 2023 | $5.9M | 387 | 29 | 151 | 123 | 20 | 26.3% | 41 |
| Q4 2022 | $5.7M | 378 | 19 | 59 | 263 | 23 | 25.3% | 44 |
| Q3 2022 | $5.7B | 382 | 90 | 53 | 237 | 74 | 25.0% | 41 |
| Q1 2022 | $20.1B | 366 | 0 | 0 | 0 | 0 | 26.8% | 25 |
| Q4 2021 | $20.1B | 366 | 30 | 57 | 207 | 30 | 26.8% | 28 |
| Q3 2021 | $19.4B | 366 | 10 | 137 | 162 | 78 | 23.7% | 22 |
| Q2 2021 | $23.6B | 434 | 87 | 84 | 198 | 22 | 27.5% | 22 |
| Q1 2021 | $23.1B | 369 | 32 | 151 | 133 | 19 | 26.5% | 30 |
| Q4 2020 | $21.6B | 356 | 117 | 78 | 129 | 8 | 24.2% | 28 |
| Q3 2020 | $19.1B | 247 | 12 | 100 | 18 | 21 | 23.5% | 20 |
| Q2 2020 | $17.3B | 256 | 36 | 93 | 34 | 13 | 22.4% | 17 |
| Q1 2020 | $13.9B | 233 | 30 | 70 | 60 | 45 | 24.3% | 20 |
| Q4 2019 | $17.7B | 248 | 36 | 28 | 144 | 32 | 25.8% | 17 |
| Q3 2019 | $21.0B | 244 | 11 | 46 | 27 | 11 | 21.7% | 16 |
| Q2 2019 | $19.9B | 244 | 9 | 40 | 27 | 19 | 21.1% | 26 |
| Q1 2019 | $19.6B | 254 | 13 | 37 | 42 | 19 | 22.7% | 12 |
| Q4 2018 | $17.2B | 260 | 0 | 0 | 0 | 0 | 23.0% | 28 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.