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Livermore
Livermore
ZHEN

PGGM Investments

SEC CIK
0001472190
Latest filing
Aug 12, 2026

The latest 13F from PGGM Investments covers Q2 2026 (filed Aug 12, 2026): 59 long positions worth $4.06B. The top 10 holdings make up 39.0% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 5.4%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
13
Est. +$254.8M
Reduced
28
Est. −$1.92B
Sold out
8
Est. −$481.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    5.4%$218.5MHistory
  2. GOOGLAlphabet Inc.
    4.8%$194.4MHistory
  3. TMOThermo Fisher Scientific Inc.
    4.3%$175.3MHistory
  4. LLYEli Lilly & Co
    3.9%$158.1MHistory
  5. LINLinde PLC
    3.9%$157.8MHistory

Share of portfolio

Top 5 holdings and the other 54 positions, by share of portfolio value

  1. NVDA5.4%
  2. GOOGL4.8%
  3. TMO4.3%
  4. LLY3.9%
  5. LIN3.9%
  6. Other 54 positions77.8%

Biggest buys

New and added positions, by estimated amount bought

  1. NVDANVIDIA Corp
    +$73.2MAddedHistory
  2. AAPLApple Inc.
    +$49.5MAddedHistory
  3. ARGXArgenx SE
    +$23.2MAddedHistory
  4. TMOThermo Fisher Scientific Inc.
    +$20.3MAddedHistory
  5. TTEKTetra Tech Inc
    +$17.9MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NVDANVIDIA Corp
    +3.16 pp2.2% → 5.4%History
  2. AAPLApple Inc.
    +2.17 pp1.6% → 3.8%History
  3. TMOThermo Fisher Scientific Inc.
    +1.65 pp2.7% → 4.3%History
  4. ARGXArgenx SE
    +1.29 pp0.9% → 2.2%History
  5. HDBHDFC Bank Ltd
    +1.09 pp1.9% → 3.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. WELLWelltower Inc.
    −$295.4MReducedHistory
  2. PLDPrologis, Inc.
    −$270.3MReducedHistory
  3. EQIXEquinix Inc
    −$201.2MReducedHistory
  4. AVBAvalonbay Communities Inc
    −$121.5MSold outHistory
  5. UDRUDR, Inc.
    −$117.2MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. PLDPrologis, Inc.
    −4.33 pp5.3% → 1.0%History
  2. WELLWelltower Inc.
    −3.56 pp6.1% → 2.5%History
  3. EQIXEquinix Inc
    −2.37 pp5.2% → 2.9%History
  4. AVBAvalonbay Communities Inc
    −2.13 pp2.1% → 0.0%History
  5. UDRUDR, Inc.
    −2.05 pp2.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$4.06B
−$1.64B (−28.7%) vs. prior quarter
Positions
59
−8 vs. prior quarter
Top 10 concentration
39.0%
Top 10 as share of value
Turnover
5.2%
Q2 2026, one quarter
Average holding period
12.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $23.6B (Q2 2021)

Q1 2021: $23.1BQ2 2021: $23.6BQ3 2021: $19.4BQ4 2021: $20.1BQ1 2022: $20.1BQ3 2022: $5.69BQ4 2022: $5.71BQ1 2023: $5.95BQ2 2023: $6.17BQ3 2023: $5.80BQ4 2023: $6.57BQ1 2024: $6.90BQ2 2024: $6.99BQ3 2024: $7.81BQ4 2024: $7.52BQ1 2025: $7.42BQ2 2025: $5.77BQ3 2025: $6.18BQ4 2025: $6.32BQ1 2026: $5.70BQ2 2026: $4.06B
Q1 2021Q2 2026
13F filings of PGGM Investments by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202659$4.06BNVDAGOOGLTMOvs. Q1 2026SEC
Q1 2026May 15, 202667$5.70BWELLPLDEQIXvs. Q4 2025SEC
Q4 2025Feb 9, 202666$6.32BWELLPLDEQIXvs. Q3 2025SEC
Q3 2025Oct 28, 202566$6.18BWELLEQIXPLDvs. Q2 2025SEC
Q2 2025Jul 18, 202568$5.77BWELLEQIXEXRvs. Q1 2025SEC
Q1 2025May 12, 2025347$7.42BWELLEQIXAAPLvs. Q4 2024SEC
Q4 2024Feb 10, 2025345$7.52BEQIXWELLAAPLvs. Q3 2024SEC
Q3 2024Nov 13, 2024348$7.81BEQIXWELLPLDvs. Q2 2024SEC
Q2 2024Jul 16, 2024344$6.99BEQIXNVDAWELLvs. Q1 2024SEC
Q1 2024May 24, 2024365$6.90BPLDEQIXWELLvs. Q4 2023SEC
Q4 2023Feb 5, 2024351$6.57BPLDWELLEQIXvs. Q3 2023SEC
Q3 2023Nov 8, 2023346$5.80BPLDWELLEQIXvs. Q2 2023SEC
Q2 2023Aug 7, 2023359$6.17BPLDDLRWELLvs. Q1 2023SEC
Q1 2023May 11, 2023387$5.95BPLDWELLDLRvs. Q4 2022SEC
Q4 2022Feb 13, 2023378$5.71BPLDWELLDLRvs. Q3 2022SEC
Q3 2022Nov 10, 2022Amended382$5.69BEQIXPLDAAPL–SEC
Q1 2022Apr 25, 2022366$20.1BMSFTAAPLEQIXvs. Q4 2021SEC
Q4 2021Jan 28, 2022366$20.1BMSFTAAPLEQIXvs. Q3 2021SEC
Q3 2021Oct 22, 2021366$19.4BAAPLMSFTAREvs. Q2 2021SEC
Q2 2021Jul 22, 2021434$23.6BPLDAREWELLvs. Q1 2021SEC
Q1 2021Apr 30, 2021369$23.1BPLDAAPLARE–SEC

13D and 13G filings

Companies where PGGM Investments reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

PGGM Investments does not currently report owning 5% or more of any company.

Latest filings

18 filings on file made by PGGM Investments or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by PGGM Investments
CompanyFiled (ET)FormStakeChangeEvent dateFiling
HPPHudson Pacific Properties, Inc.May 17, 202213GOld format–––SEC
Hrti, LLCMay 17, 202213GOld format–––SEC
Hrti, LLCFeb 17, 202213GOld format–New–SEC
EPRTEssential Properties Realty Trust, Inc.Dec 1, 202113GOld format–––SEC
CUBECubeSmartOct 12, 202113GOld format–New–SEC
REXRRexford Industrial Realty, Inc.Oct 12, 202113GOld format–New–SEC
COLDAmericold Realty TrustOct 7, 202113GOld format–––SEC
TRNOTerreno Realty CorpOct 7, 202113GOld format–New–SEC
COLDAmericold Realty TrustAug 30, 202113GOld format–New–SEC
SLGSL Green Realty CorpJul 1, 202113GOld format–––SEC
CMCTCreative Media & Community Trust CorpJul 1, 202113GOld format–New–SEC
NNNNNN REIT, Inc.Mar 24, 202113GOld format–New–SEC
EPRTEssential Properties Realty Trust, Inc.Mar 18, 202113GOld format–New–SEC
PKPark Hotels & Resorts Inc.Feb 4, 202113GOld format–New–SEC
HPPHudson Pacific Properties, Inc.Feb 4, 202113GOld format–––SEC
SLGSL Green Realty CorpJan 25, 202113GOld format–New–SEC
HPPHudson Pacific Properties, Inc.Jan 21, 202113GOld format–New–SEC
KRCKilroy Realty CorpJan 14, 202113GOld format–New–SEC