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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 (2015Q2)
Portfolio Summary: 377 holdings with a total value of $19,257,897,000.
#
Name
Shares
Value ($)
%
Options
Notes
301 HOSPITALITY PPTYS TR 2,128,565 61,345,000 0.32%
302 CATERPILLAR INC 726,266 61,602,000 0.32%
303 E M C CORP MASS COM 2,354,160 62,126,000 0.32%
304 UNITED TECHNOLOGIES CORP 562,737 62,424,000 0.32%
305 NEXTERA ENERGY INC 656,899 64,396,000 0.33%
306 ALLERGAN PLC 217,740 66,075,000 0.34%
307 ANTHEM INC 407,435 66,876,000 0.35%
308 BRANDYWINE RLTY TR 5,130,469 68,133,000 0.35%
309 MCKESSON CORP 308,818 69,425,000 0.36%
310 LASALLE HOTEL PPTYS 1,962,000 69,573,000 0.36%
311 LILLY ELI & CO 838,831 70,034,000 0.36%
312 NATIONAL RETAIL PPTYS INC 2,077,100 72,719,000 0.38%
313 VISA INC 1,099,818 73,853,000 0.38%
314 DUKE ENERGY CORP NEW 1,065,675 75,258,000 0.39%
315 HEALTHCARE RLTY TR 3,381,666 78,658,000 0.41%
316 AMERICAN RLTY CAP PPTYS INC 10,022,597 81,484,000 0.42%
317 SOUTHERN CO 1,948,960 81,661,000 0.42%
318 PARAMOUNT GROUP INC COM 5,013,000 86,023,000 0.45%
319 BRISTOL MYERS SQUIBB CO 1,392,472 92,655,000 0.48%
320 US BANCORP DEL 2,241,379 97,276,000 0.51%
321 SUNSTONE HOTEL INVESTORS REIT 6,545,578 98,249,000 0.51%
322 DDR CORP 6,534,318 101,021,000 0.52%
323 DIGITAL RLTY TR INC 1,525,003 101,687,000 0.53%
324 MCDONALDS CORP 1,089,348 103,564,000 0.54%
325 REALTY INCOME CORP 2,364,582 104,964,000 0.55%
326 BERKSHIRE HATHAWAY INC DEL 781,539 106,375,000 0.55%
327 VENTAS INC 1,726,068 107,172,000 0.56%
328 ALEX REAL ESTATE EQ 1,238,576 108,326,000 0.56%
329 CAMDEN PROPERTY TRUS 1,478,116 109,794,000 0.57%
330 COMCAST CORP NEW 1,868,357 112,363,000 0.58%
331 ORACLE CORP 2,874,910 115,859,000 0.60%
332 AMGEN INC 754,702 115,862,000 0.60%
333 MACERICH CO 1,562,072 116,531,000 0.61%
334 PEPSICO INC 1,250,493 116,721,000 0.61%
335 CISCO SYS INC 4,373,513 120,097,000 0.62%
336 INTEL CORP 3,983,691 121,164,000 0.63%
337 HCP INC 3,426,880 124,978,000 0.65%
338 UNITEDHEALTH GROUP INC 1,029,575 125,608,000 0.65%
339 VARIAN MED SYS INC 1,503,112 126,757,000 0.66%
340 3M CO 825,417 127,362,000 0.66%
341 PFIZER INC 4,081,010 136,836,000 0.71%
342 KILROY RLTY CORP COM 2,135,922 143,427,000 0.74%
343 SMUCKER J M CO 1,389,958 150,685,000 0.78%
344 VERIZON COMMUNICATIONS INC 3,441,742 160,420,000 0.83%
345 INTERNATIONAL BUSINESS MACHS 1,002,145 163,009,000 0.85%
346 COCA COLA CO 4,157,856 163,113,000 0.85%
347 UDR INC 5,161,558 165,325,000 0.86%
348 JPMORGAN CHASE & CO 2,473,590 167,610,000 0.87%
349 SL GREEN RLTY CORP 1,553,020 170,661,000 0.89%
350 DUKE REALTY CORP 9,223,780 171,286,000 0.89%
Page 7 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001472190-15-000003, filed 2015.07.28).

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.