PGGM Investments

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), PGGM Investments reported 345 stock positions worth $7.5 billion. Its top holding was Equinix (EQIX) at 5.2% of the portfolio, followed by Welltower (WELL, 4.3%) and Apple (AAPL, 3.7%). Compared with Q3 2024, it opened 26 new positions, sold out of 29, added to 106 and reduced 95. The biggest buy was Alexandria Real Estate Equit (ARE, shares +3602%) and the biggest sale an exit from Highwoods Properties (HIW).

Most Recent 13F
Q2 2026
Location
ZEIST, P7
CIK
0001472190
Portfolio Value
$7.5B (Q4 2024)
SEC Filing
0001472190-25-000001 ↗ filed Feb 10, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $6.9B Q1 2024 Q2 2024: $7.0B Q2 2024 Q3 2024: $7.8B Q3 2024 Q4 2024: $7.5B $7.5B Q4 2024 Q1 2025: $7.4B Q1 2025 Q2 2025: $5.8B Q2 2025 Q3 2025: $6.2B Q3 2025 Q4 2025: $6.3B Q4 2025 Q1 2026: $5.7B Q1 2026 Q2 2026: $4.1B Q2 2026

Holdings 345 stocks · $7.5B
EQIX Equinix Inc. 5.22% 416,165 $392.4M Reduce -4.5%
WELL Welltower Inc. 4.31% 2,572,949 $324.3M Reduce -1.8%
AAPL Apple Inc. 3.74% 1,124,311 $281.6M Add +6.0%
NVDA Nvidia Corp. 3.34% 1,873,064 $251.5M Reduce -1.3%
SPG Simon Property Group Inc. 2.84% 1,238,123 $213.2M No change
PLD Prologis Inc. 2.78% 1,976,306 $208.9M Reduce -2.8%
EXR Extra Space Storage Inc. 2.62% 1,315,485 $196.8M No change
MSFT Microsoft Corp. 2.41% 429,734 $181.1M Reduce -13.1%
INVH Invitation Homes Inc. 2.17% 5,108,466 $163.3M Reduce -0.4%
GOOGL Alphabet Inc. Class A 2.00% 793,264 $150.2M Reduce -1.9%
DOC Healthpeak Properties Inc. 1.93% 7,166,234 $145.3M Reduce -2.4%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 1.91% 1,168,625 $143.7M No change
WPC WP Carey Inc. 1.88% 2,598,446 $141.6M No change
UDR Udr Inc. 1.83% 3,163,812 $137.3M Add +7.8%
REG Regency Centers Corp. 1.74% 1,767,047 $130.6M Add +0.1%
ELS Equity Lifestyle Properties 1.70% 1,919,290 $127.8M Reduce -0.1%
REXR Rexford Industrial Realty Inc. 1.70% 3,302,781 $127.7M Add +11.7%
KRC Kilroy Realty Corp. 1.59% 2,956,458 $119.6M Reduce -10.1%
COLD Americold Realty Trust Inc. 1.58% 5,558,936 $119.0M Add +13.4%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.52% 1,084,387 $114.0M Add +0.1%
META Meta Platforms Inc. Class A 1.51% 194,458 $113.9M Add +6.5%
AMZN Amazon.com Inc. 1.50% 515,189 $113.0M Add +6.3%
TMO Thermo Fisher Scientific Inc. 1.41% 204,322 $106.3M Add +0.3%
MDT Medtronic PLC 1.32% 1,243,301 $99.3M Add +9.3%
BRX Brixmor Property Group Inc. 1.28% 3,469,484 $96.6M Reduce -7.8%
ARE Alexandria Real Estate Equit 1.24% 958,857 $93.5M Add +3602.0%
ABT Abbott Laboratories 1.02% 679,985 $76.9M Add +3.3%
DLR Digital Realty Trust Inc. 0.96% 408,421 $72.4M Add +27.5%
JPM JPMorgan Chase & Co. 0.88% 277,042 $66.4M Reduce -4.5%
LIN Linde PLC 0.84% 151,346 $63.4M Reduce -0.7%
ITRI Itron Inc. 0.83% 576,721 $62.6M Reduce -1.8%
ILMN Illumina Inc. 0.81% 457,423 $61.1M No change
MA Mastercard Inc. Class A 0.81% 115,475 $60.8M No change
HST Host Hotels & Resorts Inc. 0.72% 3,110,579 $54.5M Reduce -0.1%
PSA Public Storage 0.71% 179,448 $53.7M Reduce -6.8%
RHP Ryman Hospitality Properties 0.70% 503,530 $52.5M Reduce -8.3%
BKNG Booking Holdings Inc. 0.62% 9,372 $46.6M Reduce -13.7%
ALB Albemarle Corp. 0.61% 534,169 $46.0M No change
TSLA Tesla Inc. 0.60% 112,312 $45.4M Add +100.6%
CTVA Corteva Inc. 0.58% 763,023 $43.5M No change
NFLX Netflix Inc. 0.58% 48,726 $43.4M Add +1.9%
AGRO Adecoagro SA 0.56% 4,500,000 $42.4M No change
ROP Roper Technologies Inc. 0.55% 80,049 $41.6M Reduce -1.3%
CUBE Cubesmart 0.54% 943,848 $40.4M No change
AMH American Homes 4 Rent- A 0.53% 1,062,538 $39.8M Add +7.3%
AVGO Broadcom Inc. 0.51% 164,819 $38.2M Add +53.0%
ARGX Argenx SE - ADR 0.46% 56,771 $34.9M Reduce -11.9%
HDB HDFC Bank Ltd.-ADR 0.45% 530,425 $33.9M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.40% 676,282 $29.7M Add +4.9%
FICO Fair Isaac Corp. 0.35% 13,385 $26.6M Reduce -15.7%
AXP American Express Co. 0.35% 87,571 $26.0M Add +0.9%
HAIN Hain Celestial Group Inc. 0.34% 4,183,854 $25.7M No change
CTAS Cintas Corp. 0.34% 140,016 $25.6M Reduce -0.7%
FMC FMC Corp. 0.34% 521,835 $25.4M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.31% 22,042 $23.2M No change
REGN Regeneron Pharmaceuticals 0.31% 32,497 $23.1M Add +24.1%
BRK.B Berkshire Hathaway Inc. Class B 0.31% 50,837 $23.0M Reduce -47.9%
TT Trane Technologies PLC 0.30% 61,033 $22.5M Add +9.8%
V Visa Inc. Class A 0.30% 71,103 $22.5M Reduce -56.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.30% 185,997 $22.5M Add +13.1%
ADM Archer-Daniels-Midland Co. 0.29% 426,138 $21.5M No change
AMAT Applied Materials Inc. 0.28% 130,902 $21.3M Reduce -5.9%
COST Costco Wholesale Corp. 0.28% 23,229 $21.3M No change
QCOM Qualcomm Inc. 0.28% 137,029 $21.1M Add +4.7%
ITW Illinois Tool Works 0.28% 81,850 $20.8M No change
GS Goldman Sachs Group Inc. 0.27% 35,217 $20.2M Add +4.7%
GDDY GoDaddy Inc. Class A 0.27% 101,851 $20.1M No change
AFL Aflac Inc. 0.26% 187,985 $19.4M Reduce -1.1%
CMCSA Comcast Corp. Class A 0.25% 499,611 $18.8M Reduce -9.7%
KLAC KLA Corp. 0.25% 29,523 $18.6M Reduce -8.1%
C Citigroup Inc. 0.24% 261,561 $18.4M Reduce -7.8%
IT Gartner Inc. 0.24% 37,743 $18.3M No change
PG The Procter & Gamble Co. 0.24% 107,674 $18.1M Reduce -32.1%
NVR NVR Inc. 0.24% 2,188 $17.9M No change
MRSH Marsh & McLennan Cos 0.24% 83,666 $17.8M Reduce -6.2%
GE General Electric filed as GE AEROSPACE 0.23% 104,805 $17.5M Add +10.5%
WMS Advanced Drainage Systems Inc. 0.23% 150,261 $17.4M Add +84.2%
AMP Ameriprise Financial Inc. 0.23% 32,237 $17.2M No change
BSX Boston Scientific Corp. 0.23% 192,025 $17.2M Add +47.0%
VRSN Verisign Inc. 0.22% 79,903 $16.5M No change
BMRN Biomarin Pharmaceutical Inc. 0.21% 243,682 $16.0M Add +12.0%
SNA Snap-on Inc. 0.21% 46,360 $15.7M No change
MCK McKesson Corp. 0.21% 27,411 $15.6M Reduce -31.5%
MTD Mettler-Toledo International 0.20% 12,589 $15.4M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.20% 200,252 $15.4M Add +3.9%
OTIS Otis Worldwide Corp. 0.20% 164,442 $15.2M No change
LRCX Lam Research Corp. 0.20% 208,154 $15.0M Reduce -8.0%
ADP Automatic Data Processing 0.20% 50,876 $14.9M Add +21.4%
FISV Fiserv Inc. 0.20% 72,222 $14.8M Add +0.8%
PH Parker Hannifin Corp. 0.19% 22,855 $14.5M No change
CB Chubb Ltd. 0.19% 52,366 $14.5M No change
CRM Salesforce Inc. 0.19% 43,111 $14.4M Add +3.4%
PLTR Palantir Technologies Inc. Class A 0.19% 190,416 $14.4M Add +782.8%
AIG American International Group 0.19% 197,110 $14.3M Reduce -3.8%
COR Cencora Inc. 0.19% 62,993 $14.2M Reduce -23.3%
L Loews Corp. 0.19% 165,555 $14.0M Reduce -3.4%
FIS Fidelity National Info Serv 0.18% 171,659 $13.9M Add +18.9%
MAS Masco Corp. 0.18% 189,604 $13.8M Add +1.1%
CAH Cardinal Health Inc. 0.18% 115,959 $13.7M Reduce -2.2%
FAST Fastenal Co. 0.18% 189,409 $13.6M Reduce -4.6%
DOV Dover Corp. 0.18% 72,346 $13.6M No change
FTNT Fortinet Inc. 0.18% 142,775 $13.5M Add +4.7%
SYF Synchrony Financial 0.18% 203,704 $13.2M Reduce -0.8%
APH Amphenol Corp. Class A 0.17% 188,896 $13.1M Reduce -4.6%
CL Colgate-Palmolive Co. 0.17% 143,107 $13.0M Reduce -9.2%
HD Home Depot Inc. 0.17% 33,241 $12.9M Add +21.2%
LOW Lowe's Cos Inc. 0.17% 52,316 $12.9M Add +2.2%
AZO AutoZone Inc. 0.17% 3,963 $12.7M Reduce -8.2%
PHM Pultegroup Inc. 0.17% 116,445 $12.7M No change
WAB Wabtec Corp. 0.17% 65,935 $12.5M Add +26.9%
PNR Pentair PLC 0.17% 123,685 $12.4M Reduce -43.5%
ACN Accenture PLC Class A 0.17% 35,306 $12.4M Add +131.7%
EXPE Expedia Group Inc. 0.17% 66,595 $12.4M No change
ORLY O'reilly Automotive Inc. 0.16% 10,349 $12.3M Reduce -4.0%
HWM Howmet Aerospace Inc. 0.16% 110,161 $12.0M Add +8.6%
URI United Rentals Inc. 0.16% 16,748 $11.8M No change
ADC Agree Realty Corp. 0.15% 164,648 $11.6M No change
ABBV Abbvie Inc. 0.15% 64,984 $11.5M Reduce -9.4%
PYPL PayPal Holdings Inc. 0.15% 132,772 $11.3M Add +104.2%
ACGL Arch Capital Group Ltd. 0.15% 121,372 $11.2M Reduce -7.7%
AWK American Water Works Co. Inc. 0.15% 89,950 $11.2M Add +20.6%
T AT&T Inc. 0.15% 489,778 $11.2M Add +1.4%
EXPD Expeditors Intl Wash Inc. 0.15% 98,635 $10.9M Reduce -1.4%
HCA HCA Healthcare Inc. 0.14% 35,907 $10.8M Reduce -2.9%
SNPS Synopsys Inc. 0.14% 22,122 $10.7M Add +1612.2%
APTV Aptiv PLC 0.14% 174,492 $10.6M No change
TEL Te Connectivity PLC 0.14% 73,745 $10.5M No change
NLY Annaly Capital Management Inc. 0.14% 572,828 $10.5M Add +6.0%
LLY Eli Lilly & Co. 0.14% 13,403 $10.3M Reduce -43.2%
CI The Cigna Group 0.14% 37,192 $10.3M Reduce -2.0%
HIG Hartford Insurance Group Inc. 0.14% 93,731 $10.3M Add +2.2%
CTSH Cognizant Tech Solutions-A 0.13% 128,303 $9.9M Reduce -1.9%
NEE Nextera Energy Inc. 0.13% 135,945 $9.7M Reduce -34.1%
ECL Ecolab Inc. 0.13% 40,721 $9.5M Add +3.4%
ZTS Zoetis Inc. 0.13% 58,528 $9.5M Add +91.8%
YUM Yum! Brands Inc. 0.13% 70,867 $9.5M Reduce -2.5%
VRSK Verisk Analytics Inc. 0.13% 34,407 $9.5M No change
RUN Sunrun Inc. 0.13% 1,021,290 $9.4M No change
MKL Markel Group Inc. 0.13% 5,472 $9.4M No change
FLEX Flex Ltd. 0.12% 242,418 $9.3M Add +0.6%
DOCU Docusign Inc. 0.12% 102,885 $9.3M Add +44.8%
SEDG Solaredge Technologies Inc. 0.12% 671,082 $9.1M No change
TRV The Travelers Cos Inc. 0.12% 36,901 $8.9M No change
ADBE Adobe Inc. 0.12% 19,467 $8.7M Reduce -33.0%
ALLE Allegion PLC 0.11% 65,817 $8.6M No change
SHW The Sherwin-Williams Co. 0.11% 24,774 $8.4M No change
LEN Lennar Corp. Class A 0.11% 59,221 $8.1M Add +1.3%
BLDR Builders Firstsource Inc. 0.11% 55,732 $8.0M Add +0.9%
CPAY Corpay Inc. 0.11% 23,432 $7.9M No change
EA Electronic Arts Inc. 0.10% 53,654 $7.8M Add +21.9%
PRU Prudential Financial Inc. 0.10% 65,284 $7.7M No change
DHR Danaher Corp. 0.10% 33,061 $7.6M Add +5.6%
MRK Merck & Co. Inc. 0.10% 75,380 $7.5M Reduce -20.7%
VST Vistra Corp. 0.10% 54,349 $7.5M Reduce -5.8%
IEX Idex Corp. 0.10% 35,792 $7.5M Reduce -15.5%
ATO Atmos Energy Corp. 0.10% 53,719 $7.5M No change
PNC PNC Financial Services Group 0.10% 38,573 $7.4M Add +88.8%
COF Capital One Financial Corp. 0.10% 41,572 $7.4M Reduce -9.7%
STT State Street Corp. 0.10% 74,964 $7.4M Add +230.9%
FITB Fifth Third Bancorp 0.10% 172,150 $7.3M Add +58.0%
MET Metlife Inc. 0.10% 88,265 $7.2M Add +11.7%
STLD Steel Dynamics Inc. 0.09% 62,225 $7.1M Reduce -13.3%
SPOT Spotify Technology SA 0.09% 15,714 $7.0M Reduce -9.0%
NTAP Netapp Inc. 0.09% 60,133 $7.0M Add +1.3%
A Agilent Technologies Inc. 0.09% 51,634 $6.9M Add +4.7%
MS Morgan Stanley 0.09% 55,026 $6.9M Add +118.4%
HOLX Hologic Inc. 0.09% 93,417 $6.7M Add +2.3%
SFM Sprouts Farmers Market Inc. 0.09% 52,953 $6.7M Reduce -14.4%
DOX Amdocs Ltd. 0.09% 78,714 $6.7M No change
EQH Equitable Holdings Inc. 0.09% 139,736 $6.6M Reduce -1.6%
FOXA Fox Corp. Class A 0.09% 134,706 $6.5M Add +37.3%
FERG Ferguson Enterprises Inc. 0.09% 37,226 $6.5M Reduce -19.4%
EBAY eBay Inc. 0.09% 103,635 $6.4M Add +42.5%
GRMN Garmin Ltd. 0.08% 30,766 $6.3M No change
TTEK Tetra Tech Inc. 0.08% 158,860 $6.3M No change
AVY Avery Dennison Corp. 0.08% 33,787 $6.3M No change
HLT Hilton Worldwide Holdings Inc. 0.08% 25,205 $6.2M No change
CMI Cummins Inc. 0.08% 17,825 $6.2M No change
JCI Johnson Controls Internation 0.08% 78,727 $6.2M Add +62.1%
DHI D.R. Horton Inc. 0.08% 44,172 $6.2M No change
APP AppLovin Corp. Class A 0.08% 18,976 $6.1M Add +493.0%
ROST Ross Stores Inc. 0.08% 40,607 $6.1M No change
CFG Citizens Financial Group 0.08% 135,655 $5.9M Add +71.0%
WTW Willis Towers Watson PLC 0.08% 18,080 $5.7M No change
VLTO Veralto Corp. 0.08% 55,591 $5.7M Add +112.2%
DFS Discover Financial Services 0.07% 32,110 $5.6M No change
TMUS T-Mobile US Inc. 0.07% 25,059 $5.5M No change
RMD Resmed Inc. 0.07% 23,613 $5.4M Add +1035.8%
PCAR Paccar Inc. 0.07% 51,643 $5.4M Reduce -49.3%
WAT Waters Corp. 0.07% 14,211 $5.3M No change
RF Regions Financial Corp. 0.07% 223,107 $5.2M Add +678.0%
BMY Bristol-Myers Squibb Co. 0.07% 91,111 $5.2M Add +17.3%
HEI Heico Corp. 0.07% 21,619 $5.1M No change
USB US Bancorp 0.07% 104,344 $5.0M Add +1523.3%
VRT Vertiv Holdings Co. Class A 0.07% 43,808 $5.0M New
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.06% 82,195 $4.8M No change
DRI Darden Restaurants Inc. 0.06% 25,698 $4.8M Reduce -19.7%
EG Everest Group Ltd. 0.06% 13,108 $4.8M No change
LH Labcorp Holdings Inc. 0.06% 19,777 $4.5M Reduce -8.2%
FTV Fortive Corp. 0.06% 59,844 $4.5M Reduce -7.9%
GILD Gilead Sciences Inc. 0.06% 48,523 $4.5M New
ORCL Oracle Corp. 0.06% 26,452 $4.4M New
UNP Union Pacific Corp. 0.06% 19,306 $4.4M No change
DE Deere & Co. 0.06% 10,370 $4.4M Reduce -24.2%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.06% 37,333 $4.4M Add +107.9%
NI Nisource Inc. 0.06% 117,048 $4.3M Add +1701.3%
DPZ Domino's Pizza Inc. 0.06% 10,243 $4.3M No change
WM Waste Management Inc. 0.06% 21,054 $4.2M Reduce -14.3%
BLK BlackRock Inc. 0.06% 4,095 $4.2M No change
SSNC Ss&c Technologies Holdings 0.06% 55,235 $4.2M Add +1.9%
GEN Gen Digital Inc. 0.05% 150,159 $4.1M Add +136.2%
WST West Pharmaceutical Services 0.05% 12,257 $4.0M Reduce -8.3%
FNF Fidelity National Financial 0.05% 71,332 $4.0M No change
CNA Cna Financial Corp. 0.05% 81,008 $3.9M No change
TFC Truist Financial Corp. 0.05% 90,017 $3.9M Add +1800.7%
JEF Jefferies Financial Group Inc. 0.05% 48,676 $3.8M Add +6.0%
DGX Quest Diagnostics Inc. 0.05% 25,230 $3.8M Reduce -20.0%
PFG Principal Financial Group 0.05% 48,179 $3.7M No change
PAYX Paychex Inc. 0.05% 26,468 $3.7M Add +16.1%
MSCI MSCI Inc. 0.05% 6,095 $3.7M No change
ALLY Ally Financial Inc. 0.05% 100,204 $3.6M Reduce -3.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 31,460 $3.5M Reduce -39.1%
SEIC Sei Investments Company 0.05% 42,444 $3.5M No change
TDG Transdigm Group Inc. 0.05% 2,757 $3.5M No change
CSX CSX Corp. 0.05% 106,085 $3.4M Reduce -28.1%
MCO Moody's Corp. 0.04% 7,132 $3.4M Add +89.1%
CBSH Commerce Bancshares Inc. 0.04% 54,151 $3.4M Add +5.0%
MAA Mid-America Apartment Comm 0.04% 21,795 $3.4M No change
NOW ServiceNow Inc. 0.04% 3,115 $3.3M No change
TWLO Twilio Inc. Class A 0.04% 30,114 $3.3M Add +81.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.04% 28,613 $3.2M Add +7.5%
NTRS Northern Trust Corp. 0.04% 31,507 $3.2M New
OMC Omnicom Group 0.04% 37,324 $3.2M No change
ROL Rollins Inc. 0.04% 68,747 $3.2M Reduce -2.1%
ESS Essex Property Trust Inc. 0.04% 11,072 $3.2M No change
MAR Marriott International Class A 0.04% 11,309 $3.2M No change
FCNCA First Citizens Bcshs Class A 0.04% 1,474 $3.1M No change
FBIN Fortune Brands Innovations I 0.04% 45,157 $3.1M No change
ICE Intercontinental Exchange Inc. 0.04% 20,331 $3.0M Add +196.2%
ZG Zillow Group Inc. Class A 0.04% 42,772 $3.0M No change
AIZ Assurant Inc. 0.04% 14,156 $3.0M No change
KMB Kimberly-Clark Corp. 0.04% 22,926 $3.0M Reduce -5.5%
CBRE CBRE Group Inc. Class A 0.04% 22,679 $3.0M Add +3.2%
NUE Nucor Corp. 0.04% 25,186 $2.9M Reduce -57.0%
DASH DoorDash Inc. Class A 0.04% 17,197 $2.9M Add +68.3%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.04% 54,159 $2.9M Reduce -8.1%
UBER Uber Technologies Inc. 0.04% 47,205 $2.8M Add +1118.2%
PEG Public Service Enterprise GP 0.04% 32,699 $2.8M Add +433.3%
ANET Arista Networks Inc. 0.04% 24,777 $2.7M Add +986.7%
UAL United Airlines Holdings Inc. 0.04% 28,162 $2.7M New
VOYA Voya Financial Inc. 0.04% 39,593 $2.7M No change
SYK Stryker Corp. 0.04% 7,407 $2.7M No change
IQV Iqvia Holdings Inc. 0.04% 13,446 $2.6M No change
PWR Quanta Services Inc. 0.03% 8,242 $2.6M No change
IR Ingersoll-Rand Inc. 0.03% 28,586 $2.6M No change
PEP Pepsico Inc. 0.03% 16,787 $2.6M Add +142.0%
PKG Packaging Corp. of America 0.03% 10,663 $2.4M Add +8.9%
ZBH Zimmer Biomet Holdings Inc. 0.03% 22,603 $2.4M No change
DAL Delta Air Lines Inc. 0.03% 38,664 $2.3M Add +63.5%
INGR Ingredion Inc. 0.03% 16,672 $2.3M No change
CINF Cincinnati Financial Corp. 0.03% 15,695 $2.3M Add +96.9%
KO The Coca-Cola Co. 0.03% 34,561 $2.2M Reduce -68.3%
D Dominion Energy Inc. 0.03% 39,470 $2.1M New
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.03% 11,889 $2.1M No change
HUBS HubSpot Inc. 0.03% 2,955 $2.1M No change
EIX Edison International 0.03% 25,763 $2.1M Add +62.8%
RSG Republic Services Inc. 0.03% 10,199 $2.1M No change
BR Broadridge Financial Solutio 0.03% 9,021 $2.0M No change
GL Globe Life Inc. 0.03% 17,808 $2.0M No change
ARW Arrow Electronics Inc. 0.02% 16,477 $1.9M No change
AKAM Akamai Technologies Inc. 0.02% 19,226 $1.8M Reduce -37.6%
ODFL Old Dominion Freight Line 0.02% 10,381 $1.8M Reduce -9.0%
BRO Brown & Brown Inc. 0.02% 17,910 $1.8M No change
UNH Unitedhealth Group Inc. 0.02% 3,450 $1.7M Reduce -43.7%
PPG PPG Industries Inc. 0.02% 14,471 $1.7M No change
DVA Davita Inc. 0.02% 11,293 $1.7M Add +57.1%
CARR Carrier Global Corp. 0.02% 24,321 $1.7M Reduce -47.7%
UHS Universal Health Services-B 0.02% 9,206 $1.7M No change
TER Teradyne Inc. 0.02% 12,866 $1.6M Reduce -30.1%
VNT Vontier Corp. 0.02% 44,378 $1.6M No change
FCX Freeport-McMoran Inc. 0.02% 40,467 $1.5M Add +220.3%
PGR Progressive Corp. 0.02% 6,234 $1.5M No change
LYB Lyondellbasell Indu Class A 0.02% 19,947 $1.5M Reduce -9.9%
LKQ LKQ Corp. 0.02% 40,232 $1.5M Reduce -27.3%
ULTA Ulta Beauty Inc. 0.02% 3,373 $1.5M No change
DD Dupont DE Nemours Inc. 0.02% 18,403 $1.4M No change
AVB Avalonbay Communities Inc. 0.02% 6,076 $1.3M Add +6.9%
APO Apollo Global Management Inc. 0.02% 8,020 $1.3M Reduce -6.7%
MTB M & T Bank Corp. filed as M & T BK CORP 0.02% 6,982 $1.3M New
DECK Deckers Outdoor Corp. 0.02% 6,458 $1.3M New
FRT Federal Realty Invs Trust 0.02% 11,561 $1.3M No change
WU Western Union Co. 0.02% 121,944 $1.3M No change
ED Consolidated Edison Inc. 0.02% 14,108 $1.3M Add +79.6%
FFIV F5 Inc. 0.02% 4,998 $1.3M New
IDXX Idexx Laboratories Inc. 0.02% 3,037 $1.3M No change
GRAL Grail Inc. 0.02% 68,560 $1.2M No change
MPWR Monolithic Power Systems Inc. 0.02% 1,939 $1.1M New
MCD McDonald's Corp. 0.02% 3,907 $1.1M Reduce -59.3%
ADSK Autodesk Inc. 0.01% 3,826 $1.1M No change
BBY Best Buy Co. Inc. 0.01% 13,021 $1.1M Add +515.1%
BURL Burlington Stores Inc. 0.01% 3,880 $1.1M Add +27.8%
ISRG Intuitive Surgical Inc. 0.01% 1,961 $1.0M Add +697.1%
UI Ubiquiti Inc. 0.01% 3,010 $999K No change
WY Weyerhaeuser Co. 0.01% 35,433 $997K Reduce -49.8%
FSLR First Solar Inc. 0.01% 5,409 $953K New
AME Ametek Inc. 0.01% 5,237 $944K Reduce -83.5%
DTE DTE Energy Company 0.01% 7,315 $883K New
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 12,208 $876K Add +13.7%
PTC PTC Inc. 0.01% 4,540 $835K No change
CMS CMS Energy Corp. 0.01% 12,013 $801K New
ETN Eaton Corp. PLC 0.01% 2,305 $765K No change
KKR KKR & Co. Inc. 0.01% 5,097 $754K New
GLW Corning Inc. 0.01% 15,598 $741K New
FDS Factset Research Systems Inc. 0.01% 1,444 $694K No change
XYL Xylem Inc. 0.01% 5,855 $679K No change
GM General Motors Co. 0.01% 11,840 $631K New
HBAN Huntington Bancshares Inc. 0.01% 36,254 $590K New
TXN Texas Instruments Inc. 0.01% 3,149 $590K No change
GEHC GE Healthcare Technology 0.01% 7,406 $579K New
SYY Sysco Corp. 0.01% 7,330 $560K Add +72.0%
CDW CDW Corp. 0.01% 3,208 $558K Reduce -86.4%
NXPI NXP Semiconductors NV 0.01% 2,671 $555K Reduce -89.9%
VTR Ventas Inc. 0.01% 9,185 $541K Add +207.8%
BALL Ball Corp. 0.01% 8,980 $495K No change
EMN Eastman Chemical Co. 0.01% 5,319 $486K No change
ABNB Airbnb Inc. Class A 0.01% 3,386 $445K No change
MCHP Microchip Technology Inc. 0.01% 7,443 $427K Reduce -86.6%
QRVO Qorvo Inc. 0.01% 5,908 $413K No change
KEY Keycorp 0.00% 19,960 $342K Add +30.4%
TRU Transunion 0.00% 3,651 $338K New
TGT Target Corp. 0.00% 2,478 $335K New
JBHT Hunt (jb) Transprt SVCS Inc. 0.00% 1,920 $328K No change
WLK Westlake Corp. 0.00% 2,668 $306K No change
FG F&G Annuities & Life Inc. 0.00% 5,320 $220K No change
RJF Raymond James Financial Inc. 0.00% 1,350 $210K No change
BBWI Bath & Body Works Inc. 0.00% 4,894 $190K Reduce -68.6%
GPC Genuine Parts Co. 0.00% 1,618 $189K Reduce -70.9%
ZBRA Zebra Technologies Corp. Class A 0.00% 433 $167K New
VZ Verizon Communications Inc. 0.00% 3,939 $158K New
SRE Sempra 0.00% 1,779 $156K New
IPG Interpublic Group of Cos Inc. 0.00% 5,467 $153K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.00% 1,774 $151K New
HPQ HP Inc. 0.00% 4,634 $151K New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.00% 1,780 $150K New
KLG WK Kellogg Co. 0.00% 7,285 $131K No change

Portfolio Sells Q3 2024 → Q4 2024
HIW Highwoods Properties Inc. Sold out 0.00% −1.24
PLD Prologis Inc. Reduce -2.8% 2.78% −0.51
MSFT Microsoft Corp. Reduce -13.1% 2.41% −0.32
V Visa Inc. Class A Reduce -56.4% 0.30% −0.28
BRK.B Berkshire Hathaway Inc. Class B Reduce -47.9% 0.31% −0.27
DOC Healthpeak Properties Inc. Reduce -2.4% 1.93% −0.22
MSI Motorola Solutions Inc. Sold out 0.00% −0.20
PSA Public Storage Reduce -6.8% 0.71% −0.18
INVH Invitation Homes Inc. Reduce -0.4% 2.17% −0.15
LLY Eli Lilly & Co. Reduce -43.2% 0.14% −0.13
LINE Lineage Inc. Sold out 0.00% −0.13
PG The Procter & Gamble Co. Reduce -32.1% 0.24% −0.11
PNR Pentair PLC Reduce -43.5% 0.17% −0.11
NEE Nextera Energy Inc. Reduce -34.1% 0.13% −0.09
LIN Linde PLC Reduce -0.7% 0.84% −0.09
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.09
CSCO Cisco Systems Inc. Sold out 0.00% −0.08
ADBE Adobe Inc. Reduce -33.0% 0.12% −0.08
AMAT Applied Materials Inc. Reduce -5.9% 0.28% −0.08
NUE Nucor Corp. Reduce -57.0% 0.04% −0.07
NXPI NXP Semiconductors NV Reduce -89.9% 0.01% −0.07
IBM Intl Business Machines Corp. Sold out 0.00% −0.07
KO The Coca-Cola Co. Reduce -68.3% 0.03% −0.07
KLAC KLA Corp. Reduce -8.1% 0.25% −0.07
CDW CDW Corp. Reduce -86.4% 0.01% −0.06
CNC Centene Corp. Sold out 0.00% −0.06
BRX Brixmor Property Group Inc. Reduce -7.8% 1.28% −0.06
PCAR Paccar Inc. Reduce -49.3% 0.07% −0.06
AME Ametek Inc. Reduce -83.5% 0.01% −0.06
ELS Equity Lifestyle Properties Reduce -0.1% 1.70% −0.06
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.06
RHP Ryman Hospitality Properties Reduce -8.3% 0.70% −0.06
MCHP Microchip Technology Inc. Reduce -86.6% 0.01% −0.05
HCA HCA Healthcare Inc. Reduce -2.9% 0.14% −0.05
COR Cencora Inc. Reduce -23.3% 0.19% −0.05
CMCSA Comcast Corp. Class A Reduce -9.7% 0.25% −0.05
MCK McKesson Corp. Reduce -31.5% 0.21% −0.05
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.04
FICO Fair Isaac Corp. Reduce -15.7% 0.35% −0.04
ACGL Arch Capital Group Ltd. Reduce -7.7% 0.15% −0.04
KRC Kilroy Realty Corp. Reduce -10.1% 1.59% −0.04
MRK Merck & Co. Inc. Reduce -20.7% 0.10% −0.04
CL Colgate-Palmolive Co. Reduce -9.2% 0.17% −0.04
LRCX Lam Research Corp. Reduce -8.0% 0.20% −0.04
CI The Cigna Group Reduce -2.0% 0.14% −0.03
CTAS Cintas Corp. Reduce -0.7% 0.34% −0.03
ABBV Abbvie Inc. Reduce -9.4% 0.15% −0.03
CARR Carrier Global Corp. Reduce -47.7% 0.02% −0.03
ROP Roper Technologies Inc. Reduce -1.3% 0.55% −0.02
FDX FedEx Corp. Sold out 0.00% −0.02

Portfolio Buys Q3 2024 → Q4 2024
ARE Alexandria Real Estate Equit Add +3602.0% 1.24% +1.20
AAPL Apple Inc. Add +6.0% 3.74% +0.58
TSLA Tesla Inc. Add +100.6% 0.60% +0.42
AMZN Amazon.com Inc. Add +6.3% 1.50% +0.35
DLR Digital Realty Trust Inc. Add +27.5% 0.96% +0.30
AVGO Broadcom Inc. Add +53.0% 0.51% +0.27
PLTR Palantir Technologies Inc. Class A Add +782.8% 0.19% +0.18
META Meta Platforms Inc. Class A Add +6.5% 1.51% +0.17
NFLX Netflix Inc. Add +1.9% 0.58% +0.14
SNPS Synopsys Inc. Add +1612.2% 0.14% +0.13
UDR Udr Inc. Add +7.8% 1.83% +0.12
REG Regency Centers Corp. Add +0.1% 1.74% +0.10
ACN Accenture PLC Class A Add +131.7% 0.17% +0.10
BSX Boston Scientific Corp. Add +47.0% 0.23% +0.09
PYPL PayPal Holdings Inc. Add +104.2% 0.15% +0.09
APP AppLovin Corp. Class A Add +493.0% 0.08% +0.08
STT State Street Corp. Add +230.9% 0.10% +0.07
BAC Bank of America Corp. Add +4.9% 0.40% +0.07
WMS Advanced Drainage Systems Inc. Add +84.2% 0.23% +0.07
DOCU Docusign Inc. Add +44.8% 0.12% +0.07
VRT Vertiv Holdings Co. Class A New 0.07% +0.07
RMD Resmed Inc. Add +1035.8% 0.07% +0.07
USB US Bancorp Add +1523.3% 0.07% +0.06
ABT Abbott Laboratories Add +3.3% 1.02% +0.06
RF Regions Financial Corp. Add +678.0% 0.07% +0.06
GILD Gilead Sciences Inc. New 0.06% +0.06
ORCL Oracle Corp. New 0.06% +0.06
MS Morgan Stanley Add +118.4% 0.09% +0.06
GS Goldman Sachs Group Inc. Add +4.7% 0.27% +0.05
NI Nisource Inc. Add +1701.3% 0.06% +0.05
TJX TJX Companies Inc. Add +13.1% 0.30% +0.05
PNC PNC Financial Services Group Add +88.8% 0.10% +0.05
ZTS Zoetis Inc. Add +91.8% 0.13% +0.05
ADP Automatic Data Processing Add +21.4% 0.20% +0.05
TFC Truist Financial Corp. Add +1800.7% 0.05% +0.05
CRM Salesforce Inc. Add +3.4% 0.19% +0.05
WAB Wabtec Corp. Add +26.9% 0.17% +0.05
AXP American Express Co. Add +0.9% 0.35% +0.04
FTNT Fortinet Inc. Add +4.7% 0.18% +0.04
NTRS Northern Trust Corp. New 0.04% +0.04
AMH American Homes 4 Rent- A Add +7.3% 0.53% +0.04
VLTO Veralto Corp. Add +112.2% 0.08% +0.04
CFG Citizens Financial Group Add +71.0% 0.08% +0.04
FITB Fifth Third Bancorp Add +58.0% 0.10% +0.04
UAL United Airlines Holdings Inc. New 0.04% +0.04
JCI Johnson Controls Internation Add +62.1% 0.08% +0.03
UBER Uber Technologies Inc. Add +1118.2% 0.04% +0.03
FOXA Fox Corp. Class A Add +37.3% 0.09% +0.03
ANET Arista Networks Inc. Add +986.7% 0.04% +0.03
TTD Trade Desk Inc./the Class A Add +107.9% 0.06% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 59$4.1BNVDA, GOOGL, TMO, LLY, LIN
Q1 2026 67$5.7BWELL, PLD, EQIX, ALB, EXR
Q4 2025 66$6.3BWELL, PLD, EQIX, TMO, MSFT
Q3 2025 66$6.2BWELL, EQIX, PLD, EXR, MSFT
Q2 2025 68$5.8BWELL, EQIX, EXR, PLD, MSFT
Q1 2025 347$7.4BWELL, EQIX, AAPL, PLD, NVDA
Q4 2024 345$7.5BEQIX, WELL, AAPL, NVDA, SPG
Q3 2024 348$7.8BEQIX, WELL, PLD, AAPL, EXR
Q2 2024 344$7.0BEQIX, NVDA, WELL, PLD, MSFT
Q1 2024 365$6.9BPLD, EQIX, WELL, EXR, MSFT