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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 (2016Q1)
Portfolio Summary: 386 holdings with a total value of $18,893,599,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SIMON PROPERTY GROUP 3,938,506 817,988,000 4.33%
2 GENERAL GROWTH PPTYS INC NEW 13,742,682 408,570,000 2.16%
3 EQUITY RESIDENT 5,431,683 407,539,000 2.16%
4 PUBLIC STORAGE 1,442,655 397,928,000 2.11%
5 WELLTOWER INC 5,704,208 395,530,000 2.09%
6 BOSTON PROPERTIES 2,946,879 374,489,000 1.98%
7 JOHNSON & JOHNSON 3,436,903 371,873,000 1.97%
8 AT&T INC 9,379,829 367,408,000 1.94%
9 PROLOGIS INC 7,631,077 337,141,000 1.78%
10 FEDERAL REALTY INVS 1,925,626 300,494,000 1.59%
11 AVALONBAY COMM 1,548,065 294,442,000 1.56%
12 KIMCO REALTY 8,375,261 241,040,000 1.28%
13 MERCK & CO INC 4,442,939 235,076,000 1.24%
14 HOST HOTELS & RESORTS INC COM 14,001,725 233,829,000 1.24%
15 EXTRA SPACE STORAGE INC 2,395,552 223,888,000 1.18%
16 UDR INC 5,732,033 220,855,000 1.17%
17 PROCTER AND GAMBLE CO 2,617,065 215,411,000 1.14%
18 VENTAS INC 3,356,384 211,318,000 1.12%
19 GENERAL ELECTRIC CO 6,636,060 210,960,000 1.12%
20 SL GREEN REALTY CORP 2,152,405 208,525,000 1.10%
21 VORNADO RLTY TR 2,202,819 208,012,000 1.10%
22 APPLE INC 1,902,172 207,318,000 1.10%
23 COCA COLA CO 3,927,067 182,177,000 0.96%
24 VERIZON COMMUNICATIONS INC 3,262,704 176,447,000 0.93%
25 MICROSOFT CORP 3,052,804 168,606,000 0.89%
26 WELLS FARGO & CO NEW 3,419,775 165,380,000 0.88%
27 INTEL CORP 4,711,900 152,430,000 0.81%
28 INTERNATIONAL BUSINESS MACHS 989,957 149,929,000 0.79%
29 JPMORGAN CHASE & CO 2,457,044 145,506,000 0.77%
30 ESSEX PPTY TR INC 609,004 142,422,000 0.75%
31 NATIONAL RETAIL PROP 2,877,029 132,919,000 0.70%
32 MCDONALDS CORP 1,053,040 132,346,000 0.70%
33 UNITEDHEALTH GROUP INC 976,387 125,856,000 0.67%
34 CISCO SYS INC 4,383,464 124,797,000 0.66%
35 ALEX REAL ESTATE EQ 1,342,667 122,035,000 0.65%
36 MACERICH CO 1,524,613 120,810,000 0.64%
37 ORACLE CORP 2,938,277 120,205,000 0.64%
38 PFIZER INC 4,053,675 120,151,000 0.64%
39 PEPSICO INC 1,169,118 119,811,000 0.63%
40 DDR Corp 6,571,976 116,915,000 0.62%
41 QUALCOMM INC 2,283,903 116,799,000 0.62%
42 DUKE REALTY CORP 5,155,320 116,201,000 0.62%
43 COMCAST CORP NEW 1,857,731 113,470,000 0.60%
44 REALTY INCOME CORP 1,740,862 108,821,000 0.58%
45 DIGITAL RLTY TR INC 1,226,611 108,543,000 0.57%
46 KILROY RLTY CORP COM 1,731,871 107,151,000 0.57%
47 SOUTHERN CO 1,968,318 101,821,000 0.54%
48 GILEAD SCIENCES INC 1,086,657 99,820,000 0.53%
49 AMGEN INC 661,673 99,205,000 0.53%
50 SUNSTONE HOTEL INVESTORS REIT 6,922,005 96,908,000 0.51%
Page 1 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001472190-16-000006, filed 2016.04.22).

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.