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Institutional Investment Manager
PGGM Investments
PGGM Investments (CIK: 0001472190), located at Po Box 117, Zeist, P7. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 382 holdings with a total value of $21,045,781,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 REALTY INCOME CORP 2,225,737 114,848,000 0.55%
52 SUNSTONE HOTEL INVESTORS REIT 6,689,727 111,518,000 0.53%
53 MCDONALDS CORP 1,111,777 108,332,000 0.51%
54 UDR INC 3,149,431 107,175,000 0.51%
55 AMERICAN RLTY CAP PPTYS INC 10,857,996 106,951,000 0.51%
56 US BANCORP DEL 2,432,130 106,211,000 0.50%
57 DIGITAL RLTY TR INC 1,533,101 101,123,000 0.48%
58 PARAMOUNT GROUP INC COM 5,013,000 96,751,000 0.46%
59 LILLY ELI & CO 1,274,361 92,582,000 0.44%
60 DDR CORP 4,872,060 90,718,000 0.43%
61 DUKE ENERGY CORP NEW 1,143,194 87,774,000 0.42%
62 MEDTRONIC PLC 1,082,943 84,459,000 0.40%
63 BRANDYWINE RLTY TR 5,130,469 81,985,000 0.39%
64 GENERAL MLS INC 1,438,569 81,423,000 0.39%
65 COLGATE PALMOLIVE CO 1,161,352 80,528,000 0.38%
66 VISA INC 1,169,900 76,523,000 0.36%
67 CAMDEN PROPERTY TRUS 969,163 75,721,000 0.36%
68 CONOCOPHILLIPS 1,200,831 74,764,000 0.36%
69 MCKESSON CORP 326,951 73,956,000 0.35%
70 ANTHEM INC 455,324 70,307,000 0.33%
71 HOSPITALITY PPTYS TR 2,128,565 70,221,000 0.33%
72 LASALLE HOTEL PPTYS 1,787,097 69,447,000 0.33%
73 ALLERGAN PLC 231,631 68,938,000 0.33%
74 BROADCOM CORP CL A 1,582,110 68,497,000 0.33%
75 TARGET CORP 823,468 67,582,000 0.32%
76 PG&E CORP 1,263,375 67,047,000 0.32%
77 Hewlett Packard Co 2,121,757 66,114,000 0.31%
78 NATIONAL RETAIL PPTYS INC 1,609,233 65,930,000 0.31%
79 PEBBLEBROOK HOTEL TR 1,401,000 65,245,000 0.31%
80 SOUTHERN CO 1,436,599 63,613,000 0.30%
81 PUBLIC SVC ENTERPRISE GRP IN 1,447,634 60,685,000 0.29%
82 OCCIDENTAL PETE CORP DEL 825,348 60,250,000 0.29%
83 COSTCO WHSL CORP NEW 397,215 60,176,000 0.29%
84 EDISON INTL 960,457 60,000,000 0.29%
85 AMERISOURCEBERGEN CORP 524,640 59,636,000 0.28%
86 HEALTHCARE RLTY TR 2,145,000 59,588,000 0.28%
87 DIAMONDROCK HOSPITALITY CO COM 4,150,784 58,651,000 0.28%
88 E M C CORP MASS COM 2,289,980 58,532,000 0.28%
89 KIMBERLY CLARK CORP 539,365 57,771,000 0.27%
90 MACERICH CO 680,000 57,344,000 0.27%
91 BAXTER INTL INC 816,834 55,953,000 0.27%
92 CATERPILLAR INC 684,577 54,787,000 0.26%
93 CARDINAL HEALTH INC 604,644 54,581,000 0.26%
94 XCEL ENERGY INC 1,557,171 54,205,000 0.26%
95 CONSOLIDATED EDISON INC 869,762 53,055,000 0.25%
96 ACE LTD 469,313 52,324,000 0.25%
97 PRAXAIR INC 432,160 52,179,000 0.25%
98 WASTE MGMT INC DEL 949,426 51,487,000 0.24%
99 NIKE INC 511,628 51,332,000 0.24%
100 SABRA HEALTH CARE REIT INC 1,538,737 51,009,000 0.24%
Page 2 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001472190-15-000002, filed 2015.04.29).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.