PGGM Investments
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 12, 2026), PGGM Investments reported 59 stock positions worth $4.1 billion. Its top holding was Nvidia (NVDA) at 5.4% of the portfolio, followed by Alphabet Class A (GOOGL, 4.8%) and Thermo Fisher Scientific (TMO, 4.3%). Compared with Q1 2026, it sold out of 8, added to 13 and reduced 28. The biggest buy was Nvidia (NVDA, shares +50%) and the biggest sale Prologis (PLD, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- ZEIST, P7
- CIK
- 0001472190
- Portfolio Value
- $4.1B (Q2 2026)
- SEC Filing
- 0001472190-26-000003 ↗ filed Aug 12, 2026
Holdings Value
Holdings 59 stocks · $4.1B
| NVDA Nvidia Corp. | 5.38% | 1,092,096 | $218.5M | Add +50.4% |
| GOOGL Alphabet Inc. Class A | 4.78% | 543,993 | $194.4M | No change |
| TMO Thermo Fisher Scientific Inc. | 4.31% | 349,737 | $175.3M | Add +13.1% |
| LLY Eli Lilly & Co. | 3.89% | 131,807 | $158.1M | No change |
| LIN Linde PLC | 3.88% | 304,112 | $157.8M | No change |
| MSFT Microsoft Corp. | 3.86% | 421,020 | $157.0M | No change |
| AAPL Apple Inc. | 3.77% | 529,053 | $153.1M | Add +47.8% |
| RUN Sunrun Inc. | 3.14% | 9,546,965 | $127.7M | No change |
| ALB Albemarle Corp. | 3.02% | 909,193 | $122.8M | No change |
| HDB HDFC Bank Ltd.-ADR | 2.96% | 4,657,592 | $120.3M | Add +8.9% |
| EQIX Equinix Inc. | 2.87% | 112,020 | $116.8M | Reduce -63.3% |
| WELL Welltower Inc. | 2.51% | 449,807 | $102.1M | Reduce -74.3% |
| ILMN Illumina Inc. | 2.30% | 531,623 | $93.5M | Reduce -46.3% |
| AZN Astrazeneca PLC | 2.24% | 645,456 | $91.0M | No change |
| ARGX Argenx SE - ADR | 2.20% | 96,511 | $89.5M | Add +35.0% |
| AVGO Broadcom Inc. | 2.19% | 235,723 | $89.0M | No change |
| EXR Extra Space Storage Inc. | 2.16% | 605,602 | $88.0M | Reduce -49.4% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.10% | 675,093 | $85.3M | Reduce -50.7% |
| ABT Abbott Laboratories | 2.05% | 918,634 | $83.4M | Add +13.4% |
| V Visa Inc. Class A | 1.96% | 232,432 | $79.7M | Add +15.5% |
| IQV Iqvia Holdings Inc. | 1.91% | 401,347 | $77.5M | Add +7.1% |
| NEE Nextera Energy Inc. | 1.88% | 871,243 | $76.5M | Reduce -26.2% |
| WCN Waste Connections Inc. | 1.86% | 454,290 | $75.7M | No change |
| SNPS Synopsys Inc. | 1.84% | 167,434 | $74.7M | Add +19.0% |
| MDT Medtronic PLC | 1.75% | 910,258 | $71.2M | No change |
| CDNS Cadence Design SYS Inc. | 1.58% | 171,149 | $64.2M | Add +8.1% |
| VLTO Veralto Corp. | 1.53% | 701,938 | $62.2M | No change |
| ADM Archer-Daniels-Midland Co. | 1.44% | 766,629 | $58.6M | Reduce -7.7% |
| REGN Regeneron Pharmaceuticals | 1.42% | 92,584 | $57.7M | No change |
| HR Healthcare Realty Trust Inc. | 1.37% | 2,758,771 | $55.6M | Reduce -50.8% |
| TTEK Tetra Tech Inc. | 1.33% | 1,874,895 | $54.2M | Add +49.5% |
| DOC Healthpeak Properties Inc. | 1.31% | 2,484,558 | $53.2M | Reduce -53.8% |
| SPG Simon Property Group Inc. | 1.29% | 234,295 | $52.4M | Reduce -63.3% |
| COLD Americold Realty Trust Inc. | 1.28% | 3,313,846 | $52.1M | Reduce -14.4% |
| PG The Procter & Gamble Co. | 1.21% | 336,355 | $49.3M | No change |
| ELS Equity Lifestyle Properties | 1.19% | 749,867 | $48.3M | Reduce -14.4% |
| AMH American Homes 4 Rent- A | 1.19% | 1,439,038 | $48.2M | Reduce -14.4% |
| CTVA Corteva Inc. | 1.09% | 524,475 | $44.4M | Reduce -18.2% |
| MAC The Macerich Co. | 1.03% | 1,658,943 | $41.8M | Reduce -50.8% |
| ROP Roper Technologies Inc. | 1.00% | 120,496 | $40.8M | No change |
| PLD Prologis Inc. | 0.96% | 287,280 | $38.9M | Reduce -87.4% |
| MKC McCormick & Co.-Non VTG SHRS | 0.93% | 746,607 | $37.6M | No change |
| VTR Ventas Inc. | 0.86% | 393,021 | $34.9M | Reduce -63.3% |
| ARE Alexandria Real Estate Equit | 0.83% | 636,465 | $33.6M | Reduce -14.4% |
| CNM Core & Main Inc. Class A | 0.80% | 674,767 | $32.6M | Add +44.4% |
| RHP Ryman Hospitality Properties | 0.76% | 241,645 | $31.1M | Reduce -63.3% |
| INVH Invitation Homes Inc. | 0.75% | 1,013,919 | $30.6M | Reduce -63.3% |
| WMS Advanced Drainage Systems Inc. | 0.73% | 190,291 | $29.9M | No change |
| ISRG Intuitive Surgical Inc. | 0.61% | 62,273 | $24.8M | No change |
| DLR Digital Realty Trust Inc. | 0.59% | 133,769 | $24.0M | Reduce -63.3% |
| APTV Aptiv PLC | 0.54% | 357,100 | $21.9M | Add +59.9% |
| PSA Public Storage | 0.33% | 41,859 | $13.3M | Reduce -63.3% |
| CUBE Cubesmart | 0.28% | 290,595 | $11.6M | Reduce -63.3% |
| UBER Uber Technologies Inc. | 0.26% | 144,418 | $10.4M | No change |
| FRT Federal Realty Invs Trust | 0.23% | 76,064 | $9.4M | Reduce -90.6% |
| HST Host Hotels & Resorts Inc. | 0.22% | 378,473 | $9.0M | Reduce -63.3% |
| BRX Brixmor Property Group Inc. | 0.14% | 174,752 | $5.5M | Reduce -94.3% |
| KRC Kilroy Realty Corp. | 0.07% | 79,140 | $3.0M | Reduce -94.7% |
| EPRT Essential Properties Realty | 0.01% | 11,005 | $328K | Reduce -99.5% |
Portfolio Sells Q1 2026 → Q2 2026
| PLD Prologis Inc. | Reduce -87.4% | 0.96% | −4.33 |
| WELL Welltower Inc. | Reduce -74.3% | 2.51% | −3.56 |
| EQIX Equinix Inc. | Reduce -63.3% | 2.87% | −2.37 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −2.13 |
| UDR Udr Inc. | Sold out | 0.00% | −2.05 |
| BRX Brixmor Property Group Inc. | Reduce -94.3% | 0.14% | −1.41 |
| FRT Federal Realty Invs Trust | Reduce -90.6% | 0.23% | −1.28 |
| ADC Agree Realty Corp. | Sold out | 0.00% | −1.23 |
| EPRT Essential Properties Realty | Reduce -99.5% | 0.01% | −1.22 |
| FR First Industrial Realty TR | Sold out | 0.00% | −1.15 |
| SPG Simon Property Group Inc. | Reduce -63.3% | 1.29% | −0.80 |
| VTR Ventas Inc. | Reduce -63.3% | 0.86% | −0.68 |
| KRC Kilroy Realty Corp. | Reduce -94.7% | 0.07% | −0.66 |
| EXR Extra Space Storage Inc. | Reduce -49.4% | 2.16% | −0.59 |
| SEDG Solaredge Technologies Inc. | Sold out | 0.00% | −0.59 |
| DLR Digital Realty Trust Inc. | Reduce -63.3% | 0.59% | −0.56 |
| CUZ Cousins Properties Inc. | Sold out | 0.00% | −0.54 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −0.47 |
| INVH Invitation Homes Inc. | Reduce -63.3% | 0.75% | −0.45 |
| IRM Iron Mountain Inc. | Reduce -50.7% | 2.10% | −0.36 |
| HR Healthcare Realty Trust Inc. | Reduce -50.8% | 1.37% | −0.30 |
| RHP Ryman Hospitality Properties | Reduce -63.3% | 0.76% | −0.30 |
| AGRO Adecoagro SA | Sold out | 0.00% | −0.27 |
| DOC Healthpeak Properties Inc. | Reduce -53.8% | 1.31% | −0.24 |
| CUBE Cubesmart | Reduce -63.3% | 0.28% | −0.22 |
| PSA Public Storage | Reduce -63.3% | 0.33% | −0.21 |
| HST Host Hotels & Resorts Inc. | Reduce -63.3% | 0.22% | −0.13 |
| MAC The Macerich Co. | Reduce -50.8% | 1.03% | −0.09 |
| NEE Nextera Energy Inc. | Reduce -26.2% | 1.88% | −0.04 |
| CTVA Corteva Inc. | Reduce -18.2% | 1.09% | +0.15 |
| ILMN Illumina Inc. | Reduce -46.3% | 2.30% | +0.16 |
| ARE Alexandria Real Estate Equit | Reduce -14.4% | 0.83% | +0.22 |
| ELS Equity Lifestyle Properties | Reduce -14.4% | 1.19% | +0.23 |
| AMH American Homes 4 Rent- A | Reduce -14.4% | 1.19% | +0.36 |
| ADM Archer-Daniels-Midland Co. | Reduce -7.7% | 1.44% | +0.38 |
| COLD Americold Realty Trust Inc. | Reduce -14.4% | 1.28% | +0.50 |
Portfolio Buys Q1 2026 → Q2 2026
| NVDA Nvidia Corp. | Add +50.4% | 5.38% | +3.16 |
| AAPL Apple Inc. | Add +47.8% | 3.77% | +2.17 |
| TMO Thermo Fisher Scientific Inc. | Add +13.1% | 4.31% | +1.65 |
| ARGX Argenx SE - ADR | Add +35.0% | 2.20% | +1.29 |
| HDB HDFC Bank Ltd.-ADR | Add +8.9% | 2.96% | +1.09 |
| V Visa Inc. Class A | Add +15.5% | 1.96% | +0.90 |
| SNPS Synopsys Inc. | Add +19.0% | 1.84% | +0.86 |
| CDNS Cadence Design SYS Inc. | Add +8.1% | 1.58% | +0.81 |
| IQV Iqvia Holdings Inc. | Add +7.1% | 1.91% | +0.79 |
| TTEK Tetra Tech Inc. | Add +49.5% | 1.33% | +0.67 |
| ABT Abbott Laboratories | Add +13.4% | 2.05% | +0.59 |
| CNM Core & Main Inc. Class A | Add +44.4% | 0.80% | +0.40 |
| APTV Aptiv PLC | Add +59.9% | 0.54% | +0.27 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 59 | $4.1B | NVDA, GOOGL, TMO, LLY, LIN |
| Q1 2026 | 67 | $5.7B | WELL, PLD, EQIX, ALB, EXR |
| Q4 2025 | 66 | $6.3B | WELL, PLD, EQIX, TMO, MSFT |
| Q3 2025 | 66 | $6.2B | WELL, EQIX, PLD, EXR, MSFT |
| Q2 2025 | 68 | $5.8B | WELL, EQIX, EXR, PLD, MSFT |
| Q1 2025 | 347 | $7.4B | WELL, EQIX, AAPL, PLD, NVDA |
| Q4 2024 | 345 | $7.5B | EQIX, WELL, AAPL, NVDA, SPG |
| Q3 2024 | 348 | $7.8B | EQIX, WELL, PLD, AAPL, EXR |
| Q2 2024 | 344 | $7.0B | EQIX, NVDA, WELL, PLD, MSFT |
| Q1 2024 | 365 | $6.9B | PLD, EQIX, WELL, EXR, MSFT |