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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 (2016Q4)
Portfolio Summary: 356 holdings with a total value of $19,570,001,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 EQUITY RESIDENT 7,391,460 475,714,000 2.43%
2 SIMON PROPERTY GROUP 2,634,807 468,126,000 2.39%
3 AT&T INC 10,442,190 444,106,000 2.27%
4 JOHNSON & JOHNSON 3,561,656 410,338,000 2.10%
5 PROLOGIS INC 7,631,077 402,845,000 2.06%
6 GENERAL GROWTH PPTYS INC NEW 14,742,682 368,272,000 1.88%
7 VERIZON COMMUNICATIONS INC 6,798,122 362,884,000 1.85%
8 PUBLIC STORAGE 1,448,454 323,729,000 1.65%
9 INTERNATIONAL BUSINESS MACHS 1,715,223 284,710,000 1.45%
10 AVALONBAY COMM 1,553,885 275,271,000 1.41%
11 BOSTON PROPERTIES 2,168,233 272,720,000 1.39%
12 MERCK & CO INC 4,602,709 270,961,000 1.38%
13 KIMCO REALTY 10,526,000 264,834,000 1.35%
14 APPLE INC 2,149,359 248,939,000 1.27%
15 DIGITAL RLTY TR INC 2,489,379 244,606,000 1.25%
16 PROCTER AND GAMBLE CO 2,792,145 234,764,000 1.20%
17 HOST HOTELS & RESORTS INC COM 12,400,000 233,616,000 1.19%
18 VORNADO RLTY TR 2,148,000 224,187,000 1.15%
19 JPMORGAN CHASE & CO 2,472,839 213,381,000 1.09%
20 UDR INC 5,732,033 209,105,000 1.07%
21 SL GREEN REALTY CORP 1,898,802 204,216,000 1.04%
22 FEDERAL REALTY INVS 1,418,000 201,512,000 1.03%
23 ESSEX PPTY TR INC 866,000 201,345,000 1.03%
24 ALEX REAL ESTATE EQ 1,806,000 200,701,000 1.03%
25 UNITEDHEALTH GROUP INC 1,211,602 193,905,000 0.99%
26 WELLS FARGO & CO NEW 3,431,210 189,094,000 0.97%
27 WELLTOWER INC 2,714,707 181,695,000 0.93%
28 INTEL CORP 4,850,443 175,926,000 0.90%
29 REALTY INCOME CORP 2,993,653 172,075,000 0.88%
30 PFIZER INC 5,070,634 164,694,000 0.84%
31 VENTAS INC 2,602,707 162,721,000 0.83%
32 KILROY RLTY CORP COM 2,157,000 157,936,000 0.81%
33 COMCAST CORP NEW 2,117,176 146,191,000 0.75%
34 COCA COLA CO 3,499,815 145,102,000 0.74%
35 EXTRA SPACE STORAGE INC 1,845,000 142,508,000 0.73%
36 HCP INC 4,641,475 137,945,000 0.70%
37 CISCO SYS INC 4,421,381 133,614,000 0.68%
38 PEPSICO INC 1,242,529 130,006,000 0.66%
39 NATIONAL RETAIL PROP 2,877,029 127,165,000 0.65%
40 BERKSHIRE HATHAWAY INC DEL 732,247 119,342,000 0.61%
41 US BANCORP DEL 2,212,846 113,674,000 0.58%
42 AMGEN INC 697,289 101,951,000 0.52%
43 GILEAD SCIENCES INC 1,385,169 99,192,000 0.51%
44 SOUTHERN CO 1,995,688 98,168,000 0.50%
45 AETNA INC NEW 790,909 98,081,000 0.50%
46 MCDONALDS CORP 792,754 96,494,000 0.49%
47 MACERICH CO 1,295,000 91,738,000 0.47%
48 REGENCY CENTERS 1,327,000 91,497,000 0.47%
49 BRANDYWINE RLTY TR SH BEN INT NEW 5,361,000 88,510,000 0.45%
50 DUKE ENERGY CORP NEW 1,085,329 84,243,000 0.43%
Page 1 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001472190-17-000001, filed 2017.01.24).

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.