Pensionfund PDN

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Pensionfund PDN reported 76 stock positions worth $151.9 million. Its top holding was Prologis (PLD) at 10.0% of the portfolio, followed by Equinix (EQIX, 6.6%) and Welltower (WELL, 6.4%). Compared with Q3 2025, it opened 5 new positions, added to 5 and reduced 8. The biggest buy was a new position in Millrose Properties (MRP) and the biggest sale Plymouth Industrial REIT (PLYM, shares −87%).

Most Recent 13F
Q2 2026
Location
SITTARD, P7
CIK
0001297731
Portfolio Value
$151.9M (Q4 2025)
SEC Filing
0001297731-26-000001 ↗ filed Jan 12, 2026

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 Q1 2025 Q2 2025: $148.4M Q2 2025 Q3 2025: $154.4M Q3 2025 Q4 2025: $151.9M $151.9M Q4 2025 Q1 2026: $172.9M Q1 2026 Q2 2026: $194.4M Q2 2026

Holdings 76 stocks · $151.9M
PLD Prologis Inc. 9.96% 118,553 $15.1M No change
EQIX Equinix Inc. 6.57% 13,014 $10.0M No change
WELL Welltower Inc. 6.45% 52,753 $9.8M No change
O Realty Income Corp. 4.89% 131,870 $7.4M No change
SPG Simon Property Group Inc. 4.82% 39,508 $7.3M No change
DLR Digital Realty Trust Inc. 4.47% 43,919 $6.8M No change
PSA Public Storage 3.59% 20,989 $5.4M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 3.26% 176,000 $4.9M Add +2.3%
VTR Ventas Inc. 3.14% 61,679 $4.8M No change
AVB Avalonbay Communities Inc. 2.40% 20,120 $3.6M No change
DOC Healthpeak Properties Inc. 2.18% 205,473 $3.3M No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 2.10% 38,500 $3.2M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 2.06% 49,556 $3.1M No change
WPC WP Carey Inc. 1.88% 44,300 $2.9M Reduce -4.3%
INVH Invitation Homes Inc. 1.79% 98,110 $2.7M No change
ESS Essex Property Trust Inc. 1.67% 9,695 $2.5M No change
BRX Brixmor Property Group Inc. 1.55% 90,000 $2.4M No change
EXR Extra Space Storage Inc. 1.53% 17,840 $2.3M Add +5.9%
MAA Mid-America Apartment Comm 1.40% 15,340 $2.1M No change
OHI Omega Healthcare Investors 1.35% 46,300 $2.1M Reduce -21.9%
AMH American Homes 4 Rent- A 1.33% 63,000 $2.0M No change
STAG Stag Industrial Inc. 1.30% 53,880 $2.0M No change
LAMR Lamar Advertising Co. Class A 1.29% 15,500 $2.0M No change
SBRA Sabra Health Care REIT Inc. 1.22% 97,730 $1.9M No change
GLPI Gaming and Leisure Propertie 1.18% 40,172 $1.8M No change
EPRT Essential Properties Realty 1.18% 60,500 $1.8M No change
CUBE Cubesmart 1.16% 48,800 $1.8M No change
HST Host Hotels & Resorts Inc. 1.13% 96,998 $1.7M No change
NNN NNN REIT Inc. 1.13% 43,200 $1.7M No change
LXP LXP Industrial Trust 1.09% 33,400 $1.7M No change
BNL Broadstone Net Lease Inc. 1.03% 90,000 $1.6M Reduce -6.3%
EPR Epr Properties filed as EPR PPTYS 1.02% 30,962 $1.5M No change
KRG Kite Realty Group Trust 1.00% 63,500 $1.5M No change
CPT Camden Property Trust 1.00% 13,786 $1.5M No change
CTRE Caretrust REIT Inc. 0.98% 41,000 $1.5M Reduce -6.8%
UDR Udr Inc. 0.97% 40,105 $1.5M No change
COLD Americold Realty Trust Inc. 0.80% 94,000 $1.2M No change
GTY Getty Realty Corp. 0.78% 43,000 $1.2M No change
HR Healthcare Realty Trust Inc. 0.72% 64,719 $1.1M Reduce -30.9%
MRP Millrose Properties 0.70% 35,500 $1.1M New
OUT Outfront Media Inc. 0.68% 42,617 $1.0M Add +13.3%
LTC LTC Properties Inc. filed as LTC PPTYS INC 0.67% 29,500 $1.0M New
SILA Sila Realty Trust Inc. 0.63% 41,000 $956K New
CUZ Cousins Properties Inc. 0.61% 35,977 $927K No change
ARE Alexandria Real Estate Equit 0.60% 18,700 $915K No change
XRN Chiron Real Estate Inc. filed as GLOBAL MED REIT INC 0.55% 24,800 $837K No change
BXP BXP Inc. 0.52% 11,717 $791K No change
IRT Independence Realty Trust Inc. 0.51% 44,500 $778K No change
KIM Kimco Realty Corp. 0.48% 35,731 $724K Add +16.3%
CSR Centerspace 0.47% 10,780 $719K Reduce -15.7%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.46% 43,900 $698K No change
FCPT Four Corners Property Trust 0.45% 29,500 $680K Add +18.0%
VNO Vornado Realty Trust 0.40% 18,265 $608K No change
APLE Apple Hospitality REIT Inc. 0.39% 50,000 $593K No change
PK Park Hotels & Resorts Inc. 0.36% 52,038 $544K No change
NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC 0.35% 7,000 $535K No change
RLJ RLJ Lodging Trust 0.34% 69,200 $516K No change
HIW Highwoods Properties Inc. 0.34% 19,802 $511K No change
CHCT Community Healthcare Trust I 0.32% 30,000 $493K New
MPT Medical Properties Trust Inc. 0.29% 87,000 $435K No change
IIPR Innovative Industrial Proper 0.26% 8,400 $398K No change
BDN Brandywine Realty Trust 0.25% 131,400 $384K No change
SKT Tanger Inc. 0.24% 11,000 $367K No change
MAC The Macerich Co. 0.23% 18,720 $346K No change
KRC Kilroy Realty Corp. 0.22% 9,000 $336K No change
INN Summit Hotel Properties Inc. 0.22% 69,000 $336K No change
REG Regency Centers Corp. 0.18% 4,000 $276K New
GNL Global Net Lease Inc. 0.18% 30,976 $266K No change
CLDT Chatham Lodging Trust 0.16% 36,000 $245K No change
DBRG Digitalbridge Group Inc. 0.14% 14,233 $218K No change
PLYM Plymouth Industrial REIT Inc. 0.10% 7,000 $153K Reduce -86.8%
NSA National Storage Affiliates 0.10% 5,300 $150K No change
HPP Hudson Pacific Properties Inc. 0.09% 12,071 $131K Reduce -0.1%
PEB Pebblebrook Hotel Trust 0.07% 8,911 $101K No change
POWER REIT 0.05% 78,526 $69K No change
SITC Site Centers Corp. filed as SITE CTRS CORP 0.03% 7,500 $48K No change

Portfolio Sells Q3 2025 → Q4 2025
PLYM Plymouth Industrial REIT Inc. Reduce -86.8% 0.10% −0.67
HR Healthcare Realty Trust Inc. Reduce -30.9% 0.72% −0.37
OHI Omega Healthcare Investors Reduce -21.9% 1.35% −0.27
WPC WP Carey Inc. Reduce -4.3% 1.88% −0.15
BNL Broadstone Net Lease Inc. Reduce -6.3% 1.03% −0.08
HPP Hudson Pacific Properties Inc. Reduce -0.1% 0.09% −0.06
CSR Centerspace Reduce -15.7% 0.47% −0.01
CTRE Caretrust REIT Inc. Reduce -6.8% 0.98% −0.01

Portfolio Buys Q3 2025 → Q4 2025
MRP Millrose Properties New 0.70% +0.70
LTC LTC Properties Inc. New 0.67% +0.67
SILA Sila Realty Trust Inc. New 0.63% +0.63
CHCT Community Healthcare Trust I New 0.32% +0.32
OUT Outfront Media Inc. Add +13.3% 0.68% +0.23
REG Regency Centers Corp. New 0.18% +0.18
FCPT Four Corners Property Trust Add +18.0% 0.45% +0.05
KIM Kimco Realty Corp. Add +16.3% 0.48% +0.04
EXR Extra Space Storage Inc. Add +5.9% 1.53% −0.01
VICI Vici Properties Inc. Add +2.3% 3.26% −0.37

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