Q2 2026 13F · SEC CIK 1472190

PGGM Investments

Asset managerFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $4.1B
Reported positions: 59
Top holdings a year, 3 yrs: +9.0%
Average holding period: 4.6 yrs

PGGM Investments is an asset manager that reported 59 positions worth $4.1B in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Nvidia Corporation (NVDA, 5.4%), Alphabet Inc (GOOGL, 4.8%), Thermo Fisher Scientific Inc (TMO, 4.3%). A portfolio copying its top holdings returned 9.0% a year over the last 3 years, against 20.4% for the S&P 500.

PGGM Investments holdings largest 50 of 59 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

PGGM Investments 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	5.4%	2.2%	1,092,096	+50.4%	$218.5M
GOOGLAlphabet Inc	4.8%	2.7%	543,993	+0.0%	$194.4M
TMOThermo Fisher Scientific Inc	4.3%	2.7%	349,737	+13.1%	$175.3M
LLYEli Lilly & Co	3.9%	2.1%	131,807	+0.0%	$158.1M
LINLinde PLC	3.9%	2.6%	304,112	+0.0%	$157.8M
MSFTMicrosoft Corp	3.9%	2.7%	421,020	+0.0%	$157.0M
AAPLApple Inc	3.8%	1.6%	529,053	+47.8%	$153.1M
RUNSunrun Inc	3.1%	2.3%	9,546,965	+0.0%	$127.7M
ALBAlbemarle Corp	3.0%	2.9%	909,193	+0.0%	$122.8M
HDBHdfc Bank Ltd	3.0%	1.9%	4,657,592	+8.9%	$120.3M
EQIXEquinix Inc	2.9%	5.2%	112,020	-63.3%	$116.8M
WELLWelltower Inc	2.5%	6.1%	449,807	-74.3%	$102.1M
ILMNIllumina Inc	2.3%	2.1%	531,623	-46.3%	$93.5M
AZNAstrazeneca PLC	2.2%	1.7%	645,456	+0.0%	$91.0M
ARGNFArgenx SE	2.2%	0.9%	96,511	+35.0%	$89.5M
AVGOBroadcom Inc	2.2%	1.3%	235,723	+0.0%	$89.0M
EXRExtra Space Storage Inc	2.2%	2.8%	605,602	-49.4%	$88.0M
IRMIron Mtn Inc Del	2.1%	2.5%	675,093	-50.7%	$85.3M
ABTAbbott Laboratories	2.1%	1.5%	918,634	+13.4%	$83.4M
VVisa Inc	2.0%	1.1%	232,432	+15.5%	$79.7M
IQVIqvia Hldgs Inc	1.9%	1.1%	401,347	+7.1%	$77.5M
NEENextera Energy Inc	1.9%	1.9%	871,243	-26.2%	$76.5M
WCNWaste Connections Inc	1.9%	1.3%	454,290	+0.0%	$75.7M
SNPSSynopsys Inc	1.8%	1.0%	167,434	+19.0%	$74.7M
MDTMedtronic PLC	1.8%	1.4%	910,258	+0.0%	$71.2M
CDNSCadence Design System Inc	1.6%	0.8%	171,149	+8.1%	$64.2M
VLTOVeralto Corp	1.5%	1.1%	701,938	+0.0%	$62.2M
ADMArcher Daniels Midland Co	1.4%	1.1%	766,629	-7.7%	$58.6M
REGNRegeneron Pharmaceuticals	1.4%	1.3%	92,584	+0.0%	$57.7M
HRHealthcare Rlty Tr	1.4%	1.7%	2,758,771	-50.8%	$55.6M
TTEKTetra Tech Inc New	1.3%	—	1,874,895	—	$54.2M
PEAKHealthpeak Properties Inc	1.3%	1.6%	2,484,558	-53.8%	$53.2M
SPGSimon Ppty Group Inc New	1.3%	2.1%	234,295	-63.3%	$52.4M
COLDAmericold Realty Trust Inc	1.3%	0.8%	3,313,846	-14.4%	$52.1M
PGProcter & Gamble Co	1.2%	0.9%	336,355	+0.0%	$49.3M
ELSEquity Lifestyle Properties	1.2%	1.0%	749,867	-14.4%	$48.3M
AMHAmerican Homes 4 Rent	1.2%	0.8%	1,439,038	-14.4%	$48.2M
CTVACorteva Inc	1.1%	0.9%	524,475	-18.2%	$44.4M
MACMacerich Co	1.0%	1.1%	1,658,943	-50.8%	$41.8M
ROPRoper Technologies Inc	1.0%	—	120,496	—	$40.8M
PLDPrologis Inc	1.0%	5.3%	287,280	-87.4%	$38.9M
MKCMccormick & Co Inc	0.9%	—	746,607	—	$37.6M
VTRVentas Inc	0.9%	1.5%	393,021	-63.3%	$34.9M
AREAlexandria Real Estate Eq in	0.8%	—	636,465	—	$33.6M
CNMCore & Main Inc	0.8%	—	674,767	—	$32.6M
RHPRyman Hospitality Pptys Inc	0.8%	1.1%	241,645	-63.3%	$31.1M
INVHInvitation Homes Inc	0.8%	1.2%	1,013,919	-63.3%	$30.6M
WMSAdvanced Drain Sys Inc Del	0.7%	—	190,291	—	$29.9M
ISRGIntuitive Surgical Inc	0.6%	—	62,273	—	$24.8M
DLRDigital Rlty Tr Inc	0.6%	1.2%	133,769	-63.3%	$24.0M

What PGGM Investments bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +13.0% /yr; S&P 500 +20.1%
3 years: +9.0% /yr; S&P 500 +20.4%
5 years: +2.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$4.1B	59
Q1 2026	$5.7B	67
Q4 2025	$6.3B	66
Q3 2025	$6.2B	66
Q2 2025	$5.8B	68
Q1 2025	$7.4B	347
Q4 2024	$7.5B	345
Q3 2024	$7.8B	348
Q2 2024	$7.0B	344
Q1 2024	$6.9B	365
Q4 2023	$6.6B	351
Q3 2023	$5.8B	346

Questions about PGGM Investments's portfolio

What stocks does PGGM Investments own?

PGGM Investments's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 59 positions worth $4.1B. The largest are Nvidia Corporation (NVDA) at 5.4%, Alphabet Inc (GOOGL) at 4.8%, Thermo Fisher Scientific Inc (TMO) at 4.3%, Eli Lilly & Co (LLY) at 3.9% and Linde PLC (LIN) at 3.9%.

What did PGGM Investments buy last quarter?

In Q2 2026, PGGM Investments added Nvidia Corporation (NVDA) (+50.4% shares), Apple Inc (AAPL) (+47.8% shares) and Argenx SE (ARGNF) (+35.0% shares), compared with its Q1 2026 filing.

What did PGGM Investments sell last quarter?

In Q2 2026, PGGM Investments cut from its top 50 AvalonBay Communities Inc (AVB), cut from its top 50 Udr Inc (UDR), cut from its top 50 Brixmor Ppty Group Inc (BRX), cut from its top 50 Federal Rlty Invt Tr New (FRT), cut from its top 50 Agree Rlty Corp (ADC), Prologis Inc (PLD) (-87.4% shares), Welltower Inc (WELL) (-74.3% shares) and Ryman Hospitality Pptys Inc (RHP) (-63.3% shares), compared with its Q1 2026 filing.

How has PGGM Investments's portfolio performed?

A portfolio copying PGGM Investments's 20 largest 13F holdings each quarter, from the day each filing was public, returned +9.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +13.0% against +20.1%. Over 5 years: +2.6% a year against +11.6%.

When is PGGM Investments's next 13F filing due?

13F filings are due 45 days after each quarter ends. PGGM Investments's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.