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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 (2016Q2)
Portfolio Summary: 355 holdings with a total value of $19,546,473,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SIMON PROPERTY GROUP 4,179,904 906,621,000 4.64%
2 AT&T INC 10,392,874 449,076,000 2.30%
3 GENERAL GROWTH PPTYS INC NEW 14,742,682 439,627,000 2.25%
4 JOHNSON & JOHNSON 3,585,586 434,932,000 2.23%
5 BOSTON PROPERTIES 2,948,491 388,906,000 1.99%
6 PROLOGIS INC 7,631,077 374,228,000 1.91%
7 PUBLIC STORAGE 1,443,872 369,039,000 1.89%
8 EQUITY RESIDENT 5,336,092 367,550,000 1.88%
9 WELLTOWER INC 4,378,163 333,485,000 1.71%
10 FEDERAL REALTY INVS 1,925,626 318,787,000 1.63%
11 AVALONBAY COMM 1,548,147 279,270,000 1.43%
12 VENTAS INC 3,780,117 275,268,000 1.41%
13 MERCK & CO INC 4,599,914 265,001,000 1.36%
14 KIMCO REALTY 8,375,261 262,816,000 1.34%
15 SL GREEN REALTY CORP 2,152,405 229,167,000 1.17%
16 PROCTER AND GAMBLE CO 2,688,053 227,597,000 1.16%
17 EXTRA SPACE STORAGE INC 2,395,552 221,684,000 1.13%
18 VERIZON COMMUNICATIONS INC 3,882,077 216,775,000 1.11%
19 APPLE INC 2,242,140 214,349,000 1.10%
20 UDR INC 5,732,033 211,627,000 1.08%
21 VORNADO RLTY TR 1,878,000 188,025,000 0.96%
22 PFIZER INC 5,284,735 186,076,000 0.95%
23 HOST HOTELS & RESORTS INC COM 10,651,725 172,664,000 0.88%
24 WELLS FARGO & CO NEW 3,587,295 169,787,000 0.87%
25 UNITEDHEALTH GROUP INC 1,188,624 167,834,000 0.86%
26 INTEL CORP 4,985,648 163,529,000 0.84%
27 MICROSOFT CORP 3,143,354 160,845,000 0.82%
28 JPMORGAN CHASE & CO 2,585,339 160,653,000 0.82%
29 INTERNATIONAL BUSINESS MACHS 1,028,221 156,063,000 0.80%
30 COCA COLA CO 3,336,384 151,238,000 0.77%
31 DIGITAL RLTY TR INC 1,366,086 148,890,000 0.76%
32 NATIONAL RETAIL PROP 2,877,029 148,800,000 0.76%
33 COMCAST CORP NEW 2,205,209 143,758,000 0.74%
34 ALEX REAL ESTATE EQ 1,342,667 138,993,000 0.71%
35 ESSEX PPTY TR INC 609,004 138,908,000 0.71%
36 CISCO SYS INC 4,604,371 132,099,000 0.68%
37 MACERICH CO 1,524,613 130,187,000 0.67%
38 PEPSICO INC 1,184,506 125,487,000 0.64%
39 MEDTRONIC PLC 1,444,960 125,379,000 0.64%
40 ORACLE CORP 3,013,016 123,323,000 0.63%
41 DUKE REALTY CORP 4,559,515 121,557,000 0.62%
42 REALTY INCOME CORP 1,743,169 120,906,000 0.62%
43 DDR Corp 6,571,976 119,216,000 0.61%
44 KILROY RLTY CORP COM 1,731,871 114,806,000 0.59%
45 AMGEN INC 725,684 110,413,000 0.56%
46 GILEAD SCIENCES INC 1,301,945 108,608,000 0.56%
47 SOUTHERN CO 1,999,587 107,238,000 0.55%
48 BERKSHIRE HATHAWAY INC DEL 698,052 101,071,000 0.52%
49 BRISTOL MYERS SQUIBB CO 1,321,858 97,223,000 0.50%
50 AETNA INC NEW 794,893 97,080,000 0.50%
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Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001472190-16-000007, filed 2016.07.26).

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.