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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 (2015Q3)
Portfolio Summary: 374 holdings with a total value of $18,478,181,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SIMON PROPERTY GROUP 3,563,036 654,601,000 3.54%
2 EQUITY RESIDENT 5,141,795 386,252,000 2.09%
3 BOSTON PROPERTIES 3,008,287 356,181,000 1.93%
4 WELLTOWER INC 5,100,318 345,394,000 1.87%
5 GENERAL GROWTH PPTYS INC NEW 12,762,421 331,440,000 1.79%
6 JOHNSON & JOHNSON 3,537,667 330,241,000 1.79%
7 AT&T INC 9,451,150 307,918,000 1.67%
8 AVALONBAY COMM 1,701,070 297,381,000 1.61%
9 PROLOGIS INC 7,169,583 278,897,000 1.51%
10 FEDERAL REALTY INVS 1,935,709 264,127,000 1.43%
11 ESSEX PPTY TR INC 1,147,085 256,282,000 1.39%
12 MASTERCARD INCORPORATED 2,763,000 249,002,000 1.35%
13 PUBLIC STORAGE 1,129,902 239,121,000 1.29%
14 MICROSOFT CORP 5,339,656 236,333,000 1.28%
15 MERCK & CO INC 4,772,916 235,734,000 1.28%
16 QUALCOMM INC 4,352,292 233,849,000 1.27%
17 VORNADO RLTY TR 2,505,087 226,510,000 1.23%
18 EXTRA SPACE STORAGE INC 2,923,886 225,607,000 1.22%
19 APPLE INC 2,031,697 224,096,000 1.21%
20 WATERS CORP 1,822,304 215,415,000 1.17%
21 KIMCO REALTY 8,484,548 207,278,000 1.12%
22 PROCTER AND GAMBLE CO 2,566,732 184,651,000 1.00%
23 METTLER-TOLEDO 642,700 183,002,000 0.99%
24 WELLS FARGO & CO NEW 3,467,926 178,078,000 0.96%
25 UDR INC 5,040,624 173,801,000 0.94%
26 GENERAL ELECTRIC CO 6,729,497 169,718,000 0.92%
27 COCA COLA CO 4,109,062 164,856,000 0.89%
28 SL GREEN REALTY CORP 1,516,633 164,039,000 0.89%
29 HOST HOTELS & RESORTS INC COM 9,687,317 153,156,000 0.83%
30 JPMORGAN CHASE & CO 2,491,641 151,915,000 0.82%
31 SMUCKER J M CO 1,306,887 149,103,000 0.81%
32 VERIZON COMMUNICATIONS INC 3,394,433 147,692,000 0.80%
33 INTERNATIONAL BUSINESS MACHS 981,688 142,315,000 0.77%
34 KILROY RLTY CORP COM 2,085,877 135,916,000 0.74%
35 PFIZER INC 4,110,771 129,119,000 0.70%
36 PAYPAL HLDGS INC 3,987,388 123,769,000 0.67%
37 INTEL CORP 4,058,869 122,334,000 0.66%
38 EBAY INC 4,974,786 121,584,000 0.66%
39 DUKE REALTY CORP 6,307,668 120,161,000 0.65%
40 UNITEDHEALTH GROUP INC 1,019,208 118,238,000 0.64%
41 MACERICH CO 1,525,473 117,187,000 0.63%
42 3M CO 825,417 117,019,000 0.63%
43 CISCO SYS INC 4,444,753 116,675,000 0.63%
44 PEPSICO INC 1,230,659 116,051,000 0.63%
45 VARIAN MED SYS I 1,502,055 110,822,000 0.60%
46 ORACLE CORP 2,979,321 107,613,000 0.58%
47 COMCAST CORP NEW 1,883,693 107,144,000 0.58%
48 CAMDEN PROPERTY TRUS 1,443,484 106,673,000 0.58%
49 MCDONALDS CORP 1,068,837 105,313,000 0.57%
50 AMGEN INC 758,762 104,952,000 0.57%
Page 1 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001472190-15-000004, filed 2015.10.28).

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.