Pensionfund PDN

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed June 30, 2025), Pensionfund PDN reported 71 stock positions worth $151.2 million. Its top holding was Prologis (PLD) at 8.7% of the portfolio, followed by Equinix (EQIX, 5.5%) and Welltower (WELL, 5.3%). Compared with Q4 2024, it opened 3 new positions, added to 1 and reduced 47. The biggest buy was a new position in Caretrust REIT (CTRE) and the biggest sale Digital Realty Trust (DLR, shares −6%).

Most Recent 13F
Q2 2026
Location
SITTARD, P7
CIK
0001297731
Portfolio Value
$151.2M (Q1 2025)
SEC Filing
0001297731-25-000002 ↗ filed Jun 30, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $186.9M Q1 2024 Q2 2024: $188.1M Q2 2024 Q3 2024: $218.3M Q3 2024 Q4 2024: $160.9M Q4 2024 Q1 2025: $151.2M $151.2M Q1 2025 Q2 2025: $148.4M Q2 2025 Q3 2025: $154.4M Q3 2025 Q4 2025: $151.9M Q4 2025 Q1 2026: $172.9M Q1 2026 Q2 2026: $194.4M Q2 2026

Holdings 71 stocks · $151.2M

PLD Prologis Inc. 8.68% 117,353 $13.1M Reduce -5.6%
EQIX Equinix Inc. 5.51% 10,214 $8.3M Reduce -5.5%
WELL Welltower Inc. 5.35% 52,753 $8.1M No change
O Realty Income Corp. 5.06% 131,870 $7.7M Reduce -6.4%
SPG Simon Property Group Inc. 4.34% 39,508 $6.6M Reduce -11.6%
DLR Digital Realty Trust Inc. 4.16% 43,919 $6.3M Reduce -6.4%
PSA Public Storage 4.08% 20,589 $6.2M Reduce -11.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC 3.71% 172,000 $5.6M Reduce -7.5%
AVB Avalonbay Communities Inc. 2.86% 20,120 $4.3M Reduce -9.0%
VTR Ventas Inc. 2.81% 61,679 $4.2M Reduce -8.9%
DOC Healthpeak Properties Inc. 2.75% 205,473 $4.2M Reduce -8.9%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 2.35% 49,556 $3.5M Reduce -9.2%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 2.19% 38,500 $3.3M Reduce -9.4%
ESS Essex Property Trust Inc. 1.97% 9,695 $3.0M Reduce -13.4%
WPC WP Carey Inc. 1.93% 46,300 $2.9M Reduce -9.8%
INVH Invitation Homes Inc. 1.82% 79,110 $2.8M Reduce -8.1%
MAA Mid-America Apartment Comm 1.78% 16,040 $2.7M Reduce -21.1%
EXR Extra Space Storage Inc. 1.65% 16,840 $2.5M Reduce -5.6%
BRX Brixmor Property Group Inc. 1.58% 90,000 $2.4M Reduce -7.2%
OHI Omega Healthcare Investors 1.56% 62,000 $2.4M Reduce -7.5%
HR Healthcare Realty Trust Inc. 1.52% 135,719 $2.3M Reduce -9.9%
CUBE Cubesmart 1.38% 48,800 $2.1M Reduce -9.3%
GLPI Gaming and Leisure Propertie 1.35% 40,172 $2.0M No change
EPRT Essential Properties Realty 1.31% 60,500 $2.0M Reduce -7.6%
UDR Udr Inc. 1.29% 43,105 $1.9M Reduce -22.5%
STAG Stag Industrial Inc. 1.29% 53,880 $1.9M Reduce -8.5%
SBRA Sabra Health Care REIT Inc. 1.28% 110,730 $1.9M Reduce -8.3%
CPT Camden Property Trust 1.28% 15,786 $1.9M Reduce -17.3%
BNL Broadstone Net Lease Inc. 1.24% 110,000 $1.9M Reduce -8.3%
NNN NNN REIT Inc. 1.22% 43,200 $1.8M Reduce -6.5%
ARE Alexandria Real Estate Equit 1.14% 18,700 $1.7M Reduce -7.4%
AMH American Homes 4 Rent- A 1.13% 45,000 $1.7M Reduce -6.3%
LAMR Lamar Advertising Co. Class A 1.09% 14,500 $1.6M Add +76.8%
EPR Epr Properties filed as EPR PPTYS 1.08% 30,962 $1.6M Reduce -7.5%
KRG Kite Realty Group Trust 0.94% 63,500 $1.4M Reduce -7.3%
HST Host Hotels & Resorts Inc. 0.91% 96,998 $1.4M Reduce -4.9%
GTY Getty Realty Corp. 0.89% 43,000 $1.3M Reduce -8.5%
LXP LXP Industrial Trust 0.87% 152,000 $1.3M Reduce -6.2%
MPT Medical Properties Trust Inc. 0.87% 217,000 $1.3M Reduce -8.4%
CTRE Caretrust REIT Inc. 0.83% 44,000 $1.3M New
PLYM Plymouth Industrial REIT Inc. 0.83% 77,000 $1.3M Reduce -7.2%
XRN Global Medical REIT Inc. 0.72% 124,000 $1.1M Reduce -6.1%
CUZ Cousins Properties Inc. 0.70% 35,977 $1.1M No change
IRT Independence Realty Trust Inc. 0.63% 44,500 $945K Reduce -29.9%
CSR Centerspace 0.55% 12,780 $828K Reduce -10.5%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.54% 43,900 $821K Reduce -8.3%
BXP BXP Inc. 0.52% 11,717 $787K No change
COLD Americold Realty Trust Inc. 0.51% 36,000 $773K New
FCPT Four Corners Property Trust 0.47% 25,000 $718K Reduce -10.7%
VNO Vornado Realty Trust 0.45% 18,265 $676K No change
KIM Kimco Realty Corp. 0.43% 30,731 $653K No change
APLE Apple Hospitality REIT Inc. 0.43% 50,000 $646K No change
HIW Highwoods Properties Inc. 0.39% 19,802 $587K No change
BDN Brandywine Realty Trust 0.39% 131,400 $586K Reduce -7.1%
PK Park Hotels & Resorts Inc. 0.37% 52,038 $556K No change
RLJ RLJ Lodging Trust 0.36% 69,200 $546K No change
NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC 0.34% 7,000 $517K Reduce -12.5%
IIPR Innovative Industrial Proper 0.30% 8,400 $454K No change
OUT Outfront Media Inc. 0.25% 23,617 $381K New
INN Summit Hotel Properties Inc. 0.25% 69,000 $373K No change
SKT Tanger Inc. 0.25% 11,000 $372K Reduce -57.7%
MAC The Macerich Co. 0.21% 18,720 $321K Reduce -24.3%
KRC Kilroy Realty Corp. 0.20% 9,000 $295K No change
CLDT Chatham Lodging Trust 0.17% 36,000 $257K No change
GNL Global Net Lease Inc. 0.16% 30,976 $249K No change
HUDSON PAC PPTYS INC 0.16% 84,500 $249K No change
NSA National Storage Affiliates 0.14% 5,300 $209K Reduce -66.5%
DBRG Digitalbridge Group Inc. 0.08% 14,233 $126K No change
SITC Site Centers Corp. filed as SITE CTRS CORP 0.06% 7,500 $96K No change
PEB Pebblebrook Hotel Trust 0.06% 8,911 $90K No change
POWER REIT 0.06% 78,526 $88K No change

Portfolio Sells Q4 2024 → Q1 2025

DLR Digital Realty Trust Inc. Reduce -6.4% 4.16% −1.01
EQIX Equinix Inc. Reduce -5.5% 5.51% −0.83
IRM Iron Mountain Inc. Reduce -9.4% 2.19% −0.58
SPG Simon Property Group Inc. Reduce -11.6% 4.34% −0.44
SKT Tanger Inc. Reduce -57.7% 0.25% −0.30
PSA Public Storage Reduce -11.2% 4.08% −0.24
NSA National Storage Affiliates Reduce -66.5% 0.14% −0.23
UDR Udr Inc. Reduce -22.5% 1.29% −0.21
HST Host Hotels & Resorts Inc. Reduce -4.9% 0.91% −0.20
MAA Mid-America Apartment Comm Reduce -21.1% 1.78% −0.18
AVB Avalonbay Communities Inc. Reduce -9.0% 2.86% −0.17
IRT Independence Realty Trust Inc. Reduce -29.9% 0.63% −0.16
KRG Kite Realty Group Trust Reduce -7.3% 0.94% −0.14
BDN Brandywine Realty Trust Reduce -7.1% 0.39% −0.10
CPT Camden Property Trust Reduce -17.3% 1.28% −0.10
BRX Brixmor Property Group Inc. Reduce -7.2% 1.58% −0.10
MAC The Macerich Co. Reduce -24.3% 0.21% −0.09
DOC Healthpeak Properties Inc. Reduce -8.9% 2.75% −0.09
PLYM Plymouth Industrial REIT Inc. Reduce -7.2% 0.83% −0.09
VMRK Vivmark Residential Reduce -9.2% 2.35% −0.09
ARE Alexandria Real Estate Equit Reduce -7.4% 1.14% −0.08
HR Healthcare Realty Trust Inc. Reduce -9.9% 1.52% −0.07
CUBE Cubesmart Reduce -9.3% 1.38% −0.05
CSR Centerspace Reduce -10.5% 0.55% −0.04
SBRA Sabra Health Care REIT Inc. Reduce -8.3% 1.28% −0.02
ESS Essex Property Trust Inc. Reduce -13.4% 1.97% −0.02
UMH Umh Properties Inc. Reduce -8.3% 0.54% −0.02
OHI Omega Healthcare Investors Reduce -7.5% 1.56% −0.01
EXR Extra Space Storage Inc. Reduce -5.6% 1.65% −0.00
NHI Natl Health Investors Inc. Reduce -12.5% 0.34% −0.00
FCPT Four Corners Property Trust Reduce -10.7% 0.47% +0.00
GTY Getty Realty Corp. Reduce -8.5% 0.89% +0.01
AMH American Homes 4 Rent- A Reduce -6.3% 1.13% +0.01
EPRT Essential Properties Realty Reduce -7.6% 1.31% +0.03
NNN NNN REIT Inc. Reduce -6.5% 1.22% +0.05
STAG Stag Industrial Inc. Reduce -8.5% 1.29% +0.05
LXP LXP Industrial Trust Reduce -6.2% 0.87% +0.05
BNL Broadstone Net Lease Inc. Reduce -8.3% 1.24% +0.06
XRN Global Medical REIT Inc. Reduce -6.1% 0.72% +0.08
INVH Invitation Homes Inc. Reduce -8.1% 1.82% +0.11
EPR Epr Properties Reduce -7.5% 1.08% +0.16
WPC WP Carey Inc. Reduce -9.8% 1.93% +0.20
MPT Medical Properties Trust Inc. Reduce -8.4% 0.87% +0.28
VTR Ventas Inc. Reduce -8.9% 2.81% +0.33
VICI Vici Properties Inc. Reduce -7.5% 3.71% +0.34
O Realty Income Corp. Reduce -6.4% 5.06% +0.39
PLD Prologis Inc. Reduce -5.6% 8.68% +0.51

Portfolio Buys Q4 2024 → Q1 2025

CTRE Caretrust REIT Inc. New 0.83% +0.83
COLD Americold Realty Trust Inc. New 0.51% +0.51
LAMR Lamar Advertising Co. Class A Add +76.8% 1.09% +0.47
OUT Outfront Media Inc. New 0.25% +0.25

Notes & Other Activity Q4 2024 → Q1 2025

SRC Spirit Realty Capital Inc. COMMON STOCK Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 76$194.4MPLD, EQIX, WELL, SPG, O
Q1 2026 76$172.9MPLD, EQIX, WELL, O, DLR
Q4 2025 76$151.9MPLD, EQIX, WELL, O, SPG
Q3 2025 71$154.4MPLD, EQIX, WELL, O, DLR
Q2 2025 71$148.4MPLD, EQIX, WELL, DLR, O
Q1 2025 71$151.2MPLD, EQIX, WELL, O, SPG
Q4 2024 68$160.9MPLD, EQIX, DLR, SPG, O
Q3 2024 68$218.3MPLD, EQIX, O, PSA, SPG
Q2 2024 68$188.1MPLD, SPG, O, EQIX, PSA
Q1 2024 70$186.9MPLD, SPG, O, EQIX, PSA