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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 (2016Q3)
Portfolio Summary: 349 holdings with a total value of $19,965,188,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SIMON PROPERTY GROUP 3,824,585 791,727,000 3.97%
2 AT&T INC 10,613,751 431,024,000 2.16%
3 JOHNSON & JOHNSON 3,638,797 429,851,000 2.15%
4 PROLOGIS INC 7,631,077 408,568,000 2.05%
5 GENERAL GROWTH PPTYS INC NEW 14,742,682 406,898,000 2.04%
6 BOSTON PROPERTIES 2,834,111 386,261,000 1.93%
7 VERIZON COMMUNICATIONS INC 6,914,239 359,402,000 1.80%
8 EQUITY RESIDENT 5,350,563 344,202,000 1.72%
9 PUBLIC STORAGE 1,448,262 323,165,000 1.62%
10 FEDERAL REALTY INVS 1,925,626 296,412,000 1.48%
11 WELLTOWER INC 3,954,083 295,647,000 1.48%
12 MERCK & CO INC 4,684,022 292,330,000 1.46%
13 INTERNATIONAL BUSINESS MACHS 1,743,519 276,958,000 1.39%
14 AVALONBAY COMM 1,553,645 276,300,000 1.38%
15 VENTAS INC 3,793,571 267,940,000 1.34%
16 APPLE INC 2,230,324 252,138,000 1.26%
17 PROCTER AND GAMBLE CO 2,793,738 250,738,000 1.26%
18 KIMCO REALTY 8,375,261 242,464,000 1.21%
19 VORNADO RLTY TR 2,148,000 217,399,000 1.09%
20 DIGITAL RLTY TR INC 2,194,122 213,093,000 1.07%
21 UDR INC 5,732,033 206,296,000 1.03%
22 REALTY INCOME CORP 2,993,289 200,341,000 1.00%
23 ESSEX PPTY TR INC 866,000 192,858,000 0.97%
24 INTEL CORP 4,995,021 188,562,000 0.94%
25 SL GREEN REALTY CORP 1,692,000 182,905,000 0.92%
26 PFIZER INC 5,255,488 178,003,000 0.89%
27 HCP INC 4,640,658 176,113,000 0.88%
28 JPMORGAN CHASE & CO 2,573,474 171,368,000 0.86%
29 UNITEDHEALTH GROUP INC 1,221,479 171,007,000 0.86%
30 HOST HOTELS & RESORTS INC COM 10,651,725 165,847,000 0.83%
31 WELLS FARGO & CO NEW 3,570,849 158,117,000 0.79%
32 ALEX REAL ESTATE EQ 1,442,667 156,919,000 0.79%
33 KILROY RLTY CORP COM 2,157,000 149,588,000 0.75%
34 COCA COLA CO 3,492,968 147,822,000 0.74%
35 EXTRA SPACE STORAGE INC 1,845,000 146,511,000 0.73%
36 NATIONAL RETAIL PROP 2,877,029 146,297,000 0.73%
37 COMCAST CORP NEW 2,192,594 145,457,000 0.73%
38 CISCO SYS INC 4,577,819 145,208,000 0.73%
39 PEPSICO INC 1,240,097 134,885,000 0.68%
40 DUKE REALTY CORP 4,559,515 124,612,000 0.62%
41 MACERICH CO 1,524,613 123,295,000 0.62%
42 AMGEN INC 721,386 120,334,000 0.60%
43 GILEAD SCIENCES INC 1,422,550 112,552,000 0.56%
44 QUALCOMM INC 1,639,650 112,316,000 0.56%
45 BERKSHIRE HATHAWAY INC DEL 730,814 105,581,000 0.53%
46 SOUTHERN CO 2,029,226 104,099,000 0.52%
47 US BANCORP DEL 2,258,760 96,878,000 0.49%
48 HEALTHCARE RLTY TR 2,773,000 94,448,000 0.47%
49 AETNA INC NEW 804,575 92,888,000 0.47%
50 MCDONALDS CORP 791,203 91,273,000 0.46%
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Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001472190-16-000008, filed 2016.10.21).

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.