# EDGAR Filing Document

**Accession Number:** 0001472190
**File Stem:** 0001472190-25-000006
**Filing Date:** 2025-10
**Character Count:** 10356
**Document Hash:** b6ff3e3848a209682ebef97542b026e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001472190-25-000006.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001472190-25-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**EFFECTIVENESS DATE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGGM Investments
- **CENTRAL INDEX KEY:** 0001472190

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** P7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13635
- **FILM NUMBER:** 251421790

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 117
- **CITY:** ZEIST
- **STATE:** P7
- **ZIP:** 3700 AC
- **BUSINESS PHONE:** 0031302779479

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 117
- **CITY:** ZEIST
- **STATE:** P7
- **ZIP:** 3700 AC

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PGGM Investments<br>**Address:** PO BOX 117<br>ZEIST, P7 3700 AC

**Form 13F File Number:** 028-13635

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Gerard Winter<br>**Title:** Reporter<br>**Phone:** 0623633132

**Signature, Place, and Date of Signing:**

Gerard Winter  Zeist, P7  10-28-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 66

**Form 13F Information Table Value Total:** $6180229

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| APTIV PLC COM SHS | SHS | G3265R107 |  | 31343 | 363521 | SH |  | SOLE | 0 | 363521 | 0 | 0 |
| JOHNSON CTLS INTL PLC SHS | SHS | G51502105 |  | 20531 | 186729 | SH |  | SOLE | 0 | 186729 | 0 | 0 |
| LINDE PLC SHS | SHS | G54950103 |  | 144453 | 304112 | SH |  | SOLE | 0 | 304112 | 0 | 0 |
| MEDTRONIC PLC SHS | SHS | G5960L103 |  | 113453 | 1191228 | SH |  | SOLE | 0 | 1191228 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | SHS | G8994E103 |  | 23437 | 55542 | SH |  | SOLE | 0 | 55542 | 0 | 0 |
| ADECOAGRO S A COM | COM | L00849106 |  | 31731 | 4047287 | SH |  | SOLE | 0 | 4047287 | 0 | 0 |
| ABBOTT LABS COM | COM | 002824100 |  | 108499 | 810054 | SH |  | SOLE | 0 | 810054 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL COM | COM | 00790R104 |  | 53883 | 388484 | SH |  | SOLE | 0 | 388484 | 0 | 0 |
| AGREE RLTY CORP COM | COM | 008492100 |  | 83048 | 1169027 | SH |  | SOLE | 0 | 1169027 | 0 | 0 |
| ALBEMARLE CORP COM | COM | 012653101 |  | 96080 | 1185005 | SH |  | SOLE | 0 | 1185005 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN COM | COM | 015271109 |  | 94254 | 1130962 | SH |  | SOLE | 0 | 1130962 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Class A | 02079K305 |  | 134328 | 552564 | SH |  | SOLE | 0 | 552564 | 0 | 0 |
| AMERICOLD REALTY TRUST INC COM | COM | 03064D108 |  | 56539 | 4619178 | SH |  | SOLE | 0 | 4619178 | 0 | 0 |
| APPLE INC COM | COM | 037833100 |  | 86378 | 339229 | SH |  | SOLE | 0 | 339229 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO COM | COM | 039483102 |  | 49598 | 830238 | SH |  | SOLE | 0 | 830238 | 0 | 0 |
| ARGENX SE SPONSORED ADR | ADR | 04016X101 |  | 56570 | 76699 | SH |  | SOLE | 0 | 76699 | 0 | 0 |
| AVALONBAY CMNTYS INC COM | COM | 053484101 |  | 98376 | 509274 | SH |  | SOLE | 0 | 509274 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC COM | COM | 09061G101 |  | 28054 | 517991 | SH |  | SOLE | 0 | 517991 | 0 | 0 |
| BRIXMOR PPTY GROUP INC COM | COM | 11120U105 |  | 102480 | 3702302 | SH |  | SOLE | 0 | 3702302 | 0 | 0 |
| BROADCOM INC COM | COM | 11135F101 |  | 96845 | 293550 | SH |  | SOLE | 0 | 293550 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC COM | COM | 127387108 |  | 55593 | 158267 | SH |  | SOLE | 0 | 158267 | 0 | 0 |
| CAMDEN PPTY TR SH BEN INT | INT | 133131102 |  | 22515 | 210852 | SH |  | SOLE | 0 | 210852 | 0 | 0 |
| CARETRUST REIT INC COM | COM | 14174T107 |  | 17096 | 492976 | SH |  | SOLE | 0 | 492976 | 0 | 0 |
| CORE   MAIN INC CL A | Class A | 21874C102 |  | 16068 | 298500 | SH |  | SOLE | 0 | 298500 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 82742 | 1223444 | SH |  | SOLE | 0 | 1223444 | 0 | 0 |
| CUBESMART COM | COM | 229663109 |  | 38377 | 943848 | SH |  | SOLE | 0 | 943848 | 0 | 0 |
| DIGITAL RLTY TR INC COM | COM | 253868103 |  | 75071 | 434240 | SH |  | SOLE | 0 | 434240 | 0 | 0 |
| EQUINIX INC COM | COM | 29444U700 |  | 291390 | 372032 | SH |  | SOLE | 0 | 372032 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC COM | COM | 29472R108 |  | 123909 | 2041332 | SH |  | SOLE | 0 | 2041332 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR INC COM | COM | 29670E107 |  | 81571 | 2740968 | SH |  | SOLE | 0 | 2740968 | 0 | 0 |
| EXTRA SPACE STORAGE INC COM | COM | 30225T102 |  | 205459 | 1457774 | SH |  | SOLE | 0 | 1457774 | 0 | 0 |
| FMC CORP COM NEW | COM | 302491303 |  | 17549 | 521835 | SH |  | SOLE | 0 | 521835 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW SH BEN INT NEW | INT | 313745101 |  | 108586 | 1071815 | SH |  | SOLE | 0 | 1071815 | 0 | 0 |
| FIRST INDL RLTY TR INC COM | COM | 32054K103 |  | 120291 | 2337100 | SH |  | SOLE | 0 | 2337100 | 0 | 0 |
| HDFC BANK LTD SPONSORED ADS | ADS | 40415F101 |  | 129805 | 3799908 | SH |  | SOLE | 0 | 3799908 | 0 | 0 |
| HAIN CELESTIAL GROUP INC COM | COM | 405217100 |  | 6610 | 4183854 | SH |  | SOLE | 0 | 4183854 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC COM | COM | 42250P103 |  | 141226 | 7374728 | SH |  | SOLE | 0 | 7374728 | 0 | 0 |
| HOST HOTELS   RESORTS INC COM | COM | 44107P104 |  | 20888 | 1227288 | SH |  | SOLE | 0 | 1227288 | 0 | 0 |
| ILLUMINA INC COM | COM | 452327109 |  | 109159 | 1149408 | SH |  | SOLE | 0 | 1149408 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | COM | 46120E602 |  | 27850 | 62273 | SH |  | SOLE | 0 | 62273 | 0 | 0 |
| INVITATION HOMES INC COM | COM | 46187W107 |  | 166381 | 5672720 | SH |  | SOLE | 0 | 5672720 | 0 | 0 |
| IQVIA HLDGS INC COM | COM | 46266C105 |  | 37741 | 198698 | SH |  | SOLE | 0 | 198698 | 0 | 0 |
| IRON MTN INC DEL COM | COM | 46284V101 |  | 171747 | 1684781 | SH |  | SOLE | 0 | 1684781 | 0 | 0 |
| KILROY RLTY CORP COM | COM | 49427F108 |  | 104804 | 2480570 | SH |  | SOLE | 0 | 2480570 | 0 | 0 |
| ELI LILLY   CO COM | COM | 532457108 |  | 73835 | 96769 | SH |  | SOLE | 0 | 96769 | 0 | 0 |
| MACERICH CO COM | COM | 554382101 |  | 73216 | 4022858 | SH |  | SOLE | 0 | 4022858 | 0 | 0 |
| MCCORMICK   CO INC COM NON VTG | COM | 579780206 |  | 45336 | 677573 | SH |  | SOLE | 0 | 677573 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 196598 | 379569 | SH |  | SOLE | 0 | 379569 | 0 | 0 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 98236 | 1301306 | SH |  | SOLE | 0 | 1301306 | 0 | 0 |
| NVIDIA CORPORATION COM | COM | 67066G104 |  | 135500 | 726231 | SH |  | SOLE | 0 | 726231 | 0 | 0 |
| PROLOGIS INC. COM | COM | 74340W103 |  | 224981 | 1964559 | SH |  | SOLE | 0 | 1964559 | 0 | 0 |
| PUBLIC STORAGE OPER CO COM | COM | 74460D109 |  | 31945 | 110593 | SH |  | SOLE | 0 | 110593 | 0 | 0 |
| REGENERON PHARMACEUTICALS COM | COM | 75886F107 |  | 52057 | 92584 | SH |  | SOLE | 0 | 92584 | 0 | 0 |
| REXFORD INDL RLTY INC COM | COM | 76169C100 |  | 73411 | 1785723 | SH |  | SOLE | 0 | 1785723 | 0 | 0 |
| ROPER TECHNOLOGIES INC COM | COM | 776696106 |  | 60090 | 120496 | SH |  | SOLE | 0 | 120496 | 0 | 0 |
| RYMAN HOSPITALITY PPTYS INC COM | COM | 78377T107 |  | 66461 | 741834 | SH |  | SOLE | 0 | 741834 | 0 | 0 |
| SIMON PPTY GROUP INC NEW COM | COM | 828806109 |  | 147304 | 784908 | SH |  | SOLE | 0 | 784908 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC COM | COM | 83417M104 |  | 24438 | 660481 | SH |  | SOLE | 0 | 660481 | 0 | 0 |
| SUNRUN INC COM | COM | 86771W105 |  | 142763 | 8256941 | SH |  | SOLE | 0 | 8256941 | 0 | 0 |
| SYNOPSYS INC COM | COM | 871607107 |  | 69397 | 140654 | SH |  | SOLE | 0 | 140654 | 0 | 0 |
| TETRA TECH INC NEW COM | COM | 88162G103 |  | 36715 | 1099907 | SH |  | SOLE | 0 | 1099907 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | COM | 883556102 |  | 190089 | 391920 | SH |  | SOLE | 0 | 391920 | 0 | 0 |
| UDR INC COM | COM | 902653104 |  | 148271 | 3979355 | SH |  | SOLE | 0 | 3979355 | 0 | 0 |
| VISA INC COM CL A | Class A | 92826C839 |  | 63672 | 186515 | SH |  | SOLE | 0 | 186515 | 0 | 0 |
| WASTE CONNECTIONS INC COM | COM | 94106B101 |  | 44680 | 254155 | SH |  | SOLE | 0 | 254155 | 0 | 0 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 498926 | 2800752 | SH |  | SOLE | 0 | 2800752 | 0 | 0 |

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