PGGM Investments

CIK 0001472190 · Q1 2026

13F Equity AUM

$5.7M

-99.9% QoQ

Positions

+1 QoQ

AUM Rank

#11,709

Top 94%

Skill Alpha (FF)

-1.3%/yr^ns

No Clear Edge

Rank #4,238 · Top 52%

vs S&P -6.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 22.2%Top 10: 35.5%Top 20: 55.9%

WELL6.1%

PLD5.3%

EQIX5.2%

ALB2.9%

EXR2.8%

GOOGL2.7%

MSFT2.7%

TMO2.7%

LIN2.6%

IRM2.5%

Others (57)64.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Real Estate50.4%

Healthcare15.2%

Technology9.8%

Basic Materials6.5%

Industrials4.7%

Financial Services3.6%

Energy2.9%

Communication Services2.7%

Other4.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 67Median: 1.20%Avg: 1.49%

0–0.5%

7(2.4%)

0.5–1%

18(13.1%)

1–3%

39(67.9%)

3–5%

0(0.0%)

5%+

3(16.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 67Unique: 0vs 20 funds

0.9%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

1.7%

MORGAN STANLEY

1.3%

BANK OF AMERICA CORP /DE/

1.4%

STATE STREET CORP

1.9%

JPMORGAN CHASE & CO

1.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.3%

VANGUARD CAPITAL MANAGEMENT LLC

1.9%

GEODE CAPITAL MANAGEMENT, LLC

1.9%

FMR LLC

2.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New4Increased8Decreased36Exited3

New Positions

AZN1.7%

+645K

VLTO1.1%

+702K

AMH0.8%

+1.7M

CUZ0.5%

+1.4M

Increased

RUN2.3%

+1.9M(+25%)

HDB1.9%

+475K(+13%)

IQV1.1%

+131K(+54%)

WCN1.3%

+31K(+7%)

ARGX0.9%

+17K(+30%)

MSFT2.7%

+12K(+3%)

LLY2.1%

+5K(+4%)

PSA0.5%

+657(+1%)

Decreased

INVH1.2%

-3,107,110(-53%)

AGRO0.3%

-3,016,730(-75%)

KRC0.7%

-1,140,467(-43%)

HR1.7%

-1,082,504(-16%)

COLDEUR0.8%

-746,609(-16%)

UDR2.0%

-664,352(-16%)

MAC1.1%

-652,336(-16%)

BRX1.6%

-639,949(-17%)

FR1.1%

-617,271(-35%)

ELS1.0%

-460,754(-34%)

Exited

JCI

-186,729

-55,542

HAIN

-189,734

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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