PGGM Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ALLEGION PLC ORD SHS	SHS	G0176J109	21,163	159,791	SH		SOLE	0	159,791	0	0
AMDOCS LTD SHS	SHS	G02602103	34,645	462,921	SH		SOLE	0	462,921	0	0
AON PLC SHS CL A	CLASS A	G0403H108	26,401	87,838	SH		SOLE	0	87,838	0	0
ARCH CAP GROUP LTD ORD	ORD	G0450A105	7,100	159,732	SH		SOLE	0	159,732	0	0
ATLASSIAN CORP PLC CL A	CLASS A	G06242104	4,511	11,830	SH		SOLE	0	11,830	0	0
ACCENTURE PLC IRELAND SHS CLASS A	CLASS A	G1151C101	134,086	323,449	SH		SOLE	0	323,449	0	0
EATON CORP PLC SHS	SHS	G29183103	2,200	12,728	SH		SOLE	0	12,728	0	0
EVEREST RE GROUP LTD COM	COM	G3223R108	21,008	76,693	SH		SOLE	0	76,693	0	0
HORIZON THERAPEUTICS PUB L SHS	SHS	G46188101	175	1,625	SH		SOLE	0	1,625	0	0
IHS MARKIT LTD SHS	SHS	G47567105	197	1,480	SH		SOLE	0	1,480	0	0
JAZZ PHARMACEUTICALS PLC SHS USD	SHS	G50871105	2,944	23,112	SH		SOLE	0	23,112	0	0
JOHNSON CTLS INTL PLC SHS	SHS	G51502105	49,629	610,368	SH		SOLE	0	610,368	0	0
LIBERTY GLOBAL PLC SHS CL A	CLASS A	G5480U104	5,116	182,137	SH		SOLE	0	182,137	0	0
MEDTRONIC PLC SHS	SHS	G5960L103	71,798	694,032	SH		SOLE	0	694,032	0	0
PENTAIR PLC SHS	SHS	G7S00T104	25,565	350,056	SH		SOLE	0	350,056	0	0
SEAGATE TECHNOLOGY HLDNGS PL ORD SHS	SHS	G7997R103	11,097	98,223	SH		SOLE	0	98,223	0	0
STERIS PLC SHS USD	SHS	G8473T100	25,971	106,697	SH		SOLE	0	106,697	0	0
CHUBB LIMITED COM	COM	H1467J104	8,560	44,280	SH		SOLE	0	44,280	0	0
GARMIN LTD SHS	SHS	H2906T109	31,710	232,870	SH		SOLE	0	232,870	0	0
TE CONNECTIVITY LTD SHS	SHS	H84989104	29,382	182,110	SH		SOLE	0	182,110	0	0
ADECOAGRO S A COM	COM	L00849106	34,560	4,500,000	SH		SOLE	0	4,500,000	0	0
CHECK POINT SOFTWARE TECH LT ORD	ORD	M22465104	27,123	232,694	SH		SOLE	0	232,694	0	0
NXP SEMICONDUCTORS N V COM	COM	N6596X109	18,914	83,035	SH		SOLE	0	83,035	0	0
AFLAC INC COM	COM	001055102	49,082	840,582	SH		SOLE	0	840,582	0	0
AGNC INVT CORP COM	COM	00123Q104	40,474	2,691,117	SH		SOLE	0	2,691,117	0	0
ABBOTT LABS COM	COM	002824100	85,246	605,695	SH		SOLE	0	605,695	0	0
ABBVIE INC COM	COM	00287Y109	97,611	720,906	SH		SOLE	0	720,906	0	0
ABIOMED INC COM	COM	003654100	3,511	9,774	SH		SOLE	0	9,774	0	0
ACUITY BRANDS INC COM	COM	00508Y102	11,553	54,565	SH		SOLE	0	54,565	0	0
ADOBE SYSTEMS INCORPORATED COM	COM	00724F101	75,502	133,147	SH		SOLE	0	133,147	0	0
ADVANCE AUTO PARTS INC COM	COM	00751Y106	28,510	118,850	SH		SOLE	0	118,850	0	0
ADVANCED MICRO DEVICES INC COM	COM	007903107	71,474	496,691	SH		SOLE	0	496,691	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	65,266	408,807	SH		SOLE	0	408,807	0	0
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	7,518	64,232	SH		SOLE	0	64,232	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	538,189	2,413,837	SH		SOLE	0	2,413,837	0	0
ALIGN TECHNOLOGY INC COM	COM	016255101	3,480	5,296	SH		SOLE	0	5,296	0	0
ALLEGHANY CORP MD COM	COM	017175100	2,142	3,209	SH		SOLE	0	3,209	0	0
ALLSTATE CORP COM	COM	020002101	44,372	377,156	SH		SOLE	0	377,156	0	0
ALLY FINL INC COM	COM	02005N100	15,766	331,140	SH		SOLE	0	331,140	0	0
ALPHABET INC CAP STK CL A	CLASS A	02079K305	423,185	146,075	SH		SOLE	0	146,075	0	0
AMAZON COM INC COM	COM	023135106	186,346	55,887	SH		SOLE	0	55,887	0	0
AMERICAN EXPRESS CO COM	COM	025816109	18,432	112,666	SH		SOLE	0	112,666	0	0
AMERICAN HOMES 4 RENT CL A	CLASS A	02665T306	367,094	8,417,661	SH		SOLE	0	8,417,661	0	0
AMERICAN TOWER CORP NEW COM	COM	03027X100	2,890	9,879	SH		SOLE	0	9,879	0	0
AMERICAN WTR WKS CO INC NEW COM	COM	030420103	29,378	155,552	SH		SOLE	0	155,552	0	0
AMERICOLD RLTY TR COM	COM	03064D108	336,568	10,264,354	SH		SOLE	0	10,264,354	0	0
AMERISOURCEBERGEN CORP COM	COM	03073E105	40,623	305,689	SH		SOLE	0	305,689	0	0
AMERIPRISE FINL INC COM	COM	03076C106	42,702	141,556	SH		SOLE	0	141,556	0	0
AMETEK INC COM	COM	031100100	1,423	9,677	SH		SOLE	0	9,677	0	0
AMGEN INC COM	COM	031162100	37,617	167,211	SH		SOLE	0	167,211	0	0
AMPHENOL CORP NEW CL A	CLASS A	032095101	33,011	377,441	SH		SOLE	0	377,441	0	0
ANALOG DEVICES INC COM	COM	032654105	1,001	5,695	SH		SOLE	0	5,695	0	0
ANNALY CAPITAL MANAGEMENT IN COM	COM	035710409	22,841	2,920,795	SH		SOLE	0	2,920,795	0	0
ANTHEM INC COM	COM	036752103	34,970	75,441	SH		SOLE	0	75,441	0	0
APPLE INC COM	COM	037833100	634,151	3,571,271	SH		SOLE	0	3,571,271	0	0
APPLIED MATLS INC COM	COM	038222105	31,964	203,124	SH		SOLE	0	203,124	0	0
ARROW ELECTRS INC COM	COM	042735100	46,840	348,848	SH		SOLE	0	348,848	0	0
ASSURANT INC COM	COM	04621X108	4,892	31,384	SH		SOLE	0	31,384	0	0
ATMOS ENERGY CORP COM	COM	049560105	915	8,729	SH		SOLE	0	8,729	0	0
AUTODESK INC COM	COM	052769106	19,601	69,707	SH		SOLE	0	69,707	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	77,502	314,307	SH		SOLE	0	314,307	0	0
AUTOZONE INC COM	COM	053332102	86,187	41,112	SH		SOLE	0	41,112	0	0
AVALONBAY CMNTYS INC COM	COM	053484101	30,507	120,777	SH		SOLE	0	120,777	0	0
AVANGRID INC COM	COM	05351W103	165	3,303	SH		SOLE	0	3,303	0	0
AVANTOR INC COM	COM	05352A100	1,756	41,671	SH		SOLE	0	41,671	0	0
AVERY DENNISON CORP COM	COM	053611109	46,241	213,515	SH		SOLE	0	213,515	0	0
BAKER HUGHES COMPANY CL A	CLASS A	05722G100	3,698	153,708	SH		SOLE	0	153,708	0	0
BALL CORP COM	COM	058498106	240	2,498	SH		SOLE	0	2,498	0	0
BK OF AMERICA CORP COM	COM	060505104	36,881	828,982	SH		SOLE	0	828,982	0	0
BATH BODY WORKS INC COM	COM	070830104	3,563	51,050	SH		SOLE	0	51,050	0	0
BAXTER INTL INC COM	COM	071813109	22,677	264,176	SH		SOLE	0	264,176	0	0
BECTON DICKINSON CO COM	COM	075887109	14,672	58,344	SH		SOLE	0	58,344	0	0
BERKLEY W R CORP COM	COM	084423102	5,775	70,092	SH		SOLE	0	70,092	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CLASS B	084670702	55,643	186,096	SH		SOLE	0	186,096	0	0
BEST BUY INC COM	COM	086516101	14,381	141,550	SH		SOLE	0	141,550	0	0
BLOCK H R INC COM	COM	093671105	19,473	826,520	SH		SOLE	0	826,520	0	0
BOSTON PROPERTIES INC COM	COM	101121101	225	1,956	SH		SOLE	0	1,956	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	27,684	444,009	SH		SOLE	0	444,009	0	0
BROADRIDGE FINL SOLUTIONS IN COM	COM	11133T103	38,292	209,453	SH		SOLE	0	209,453	0	0
BROADCOM INC COM	COM	11135F101	42,047	63,189	SH		SOLE	0	63,189	0	0
BROWN BROWN INC COM	COM	115236101	40,234	572,487	SH		SOLE	0	572,487	0	0
CBOE GLOBAL MKTS INC COM	COM	12503M108	5,530	42,405	SH		SOLE	0	42,405	0	0
CBRE GROUP INC CL A	CLASS A	12504L109	41,870	385,866	SH		SOLE	0	385,866	0	0
CDK GLOBAL INC COM	COM	12508E101	16,672	399,436	SH		SOLE	0	399,436	0	0
CDW CORP COM	COM	12514G108	52,985	258,739	SH		SOLE	0	258,739	0	0
CF INDS HLDGS INC COM	COM	125269100	10,645	150,394	SH		SOLE	0	150,394	0	0
C H ROBINSON WORLDWIDE INC COM NEW	COM	12541W209	31,461	292,304	SH		SOLE	0	292,304	0	0
CIGNA CORP NEW COM	COM	125523100	11,090	48,295	SH		SOLE	0	48,295	0	0
CNA FINL CORP COM	COM	126117100	1,607	36,452	SH		SOLE	0	36,452	0	0
CSX CORP COM	COM	126408103	36,150	961,440	SH		SOLE	0	961,440	0	0
COTERRA ENERGY INC COM	COM	127097103	1,312	69,051	SH		SOLE	0	69,051	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	17,797	95,505	SH		SOLE	0	95,505	0	0
CANADIAN PAC RY LTD COM	COM	13645T100	14,295	198,704	SH		SOLE	0	198,704	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	18,741	129,166	SH		SOLE	0	129,166	0	0
CARDINAL HEALTH INC COM	COM	14149Y108	9,285	180,330	SH		SOLE	0	180,330	0	0
CELANESE CORP DEL COM	COM	150870103	29,071	172,980	SH		SOLE	0	172,980	0	0
CERNER CORP COM	COM	156782104	41,832	450,439	SH		SOLE	0	450,439	0	0
CHARLES RIV LABS INTL INC COM	COM	159864107	235	623	SH		SOLE	0	623	0	0
CHARTER COMMUNICATIONS INC N CL A	CLASS A	16119P108	46,237	70,919	SH		SOLE	0	70,919	0	0
CHENIERE ENERGY INC COM NEW	COM	16411R208	8,808	86,850	SH		SOLE	0	86,850	0	0
CHEVRON CORP NEW COM	COM	166764100	59,573	507,654	SH		SOLE	0	507,654	0	0
CHURCH DWIGHT CO INC COM	COM	171340102	4,972	48,510	SH		SOLE	0	48,510	0	0
CINCINNATI FINL CORP COM	COM	172062101	3,762	33,023	SH		SOLE	0	33,023	0	0
CISCO SYS INC COM	COM	17275R102	77,189	1,218,064	SH		SOLE	0	1,218,064	0	0
CINTAS CORP COM	COM	172908105	19,503	44,007	SH		SOLE	0	44,007	0	0
CITIGROUP INC COM NEW	COM	172967424	21,772	360,529	SH		SOLE	0	360,529	0	0
COCA COLA CO COM	COM	191216100	31,480	531,674	SH		SOLE	0	531,674	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CLASS A	192446102	49,046	552,821	SH		SOLE	0	552,821	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	60,299	706,575	SH		SOLE	0	706,575	0	0
COMCAST CORP NEW CL A	CLASS A	20030N101	2,513	49,930	SH		SOLE	0	49,930	0	0
COMERICA INC COM	COM	200340107	239	2,743	SH		SOLE	0	2,743	0	0
COMMERCE BANCSHARES INC COM	COM	200525103	174	2,529	SH		SOLE	0	2,529	0	0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR	ADR	20441A102	10,826	1,475,000	SH		SOLE	0	1,475,000	0	0
CONSOLIDATED EDISON INC COM	COM	209115104	2,437	28,567	SH		SOLE	0	28,567	0	0
COOPER COS INC COM NEW	COM	216648402	12,876	30,734	SH		SOLE	0	30,734	0	0
COPART INC COM	COM	217204106	23,262	153,420	SH		SOLE	0	153,420	0	0
CORTEVA INC COM	COM	22052L104	53,474	1,131,000	SH		SOLE	0	1,131,000	0	0
COSTCO WHSL CORP NEW COM	COM	22160K105	21,725	38,269	SH		SOLE	0	38,269	0	0
CROWN CASTLE INTL CORP NEW COM	COM	22822V101	1,899	9,099	SH		SOLE	0	9,099	0	0
CUBESMART COM	COM	229663109	367,122	6,450,918	SH		SOLE	0	6,450,918	0	0
CUMMINS INC COM	COM	231021106	25,878	118,628	SH		SOLE	0	118,628	0	0
DANAHER CORPORATION COM	COM	235851102	27,495	83,568	SH		SOLE	0	83,568	0	0
DAVITA INC COM	COM	23918K108	19,880	174,758	SH		SOLE	0	174,758	0	0
DEERE CO COM	COM	244199105	281	819	SH		SOLE	0	819	0	0
DELL TECHNOLOGIES INC CL C	CLASS C	24703L202	8,013	142,662	SH		SOLE	0	142,662	0	0
DENTSPLY SIRONA INC COM	COM	24906P109	5,085	91,152	SH		SOLE	0	91,152	0	0
DEVON ENERGY CORP NEW COM	COM	25179M103	18,515	420,326	SH		SOLE	0	420,326	0	0
DIAMONDBACK ENERGY INC COM	COM	25278X109	6,647	61,635	SH		SOLE	0	61,635	0	0
DIGITAL RLTY TR INC COM	COM	253868103	345,377	1,952,716	SH		SOLE	0	1,952,716	0	0
DISCOVER FINL SVCS COM	COM	254709108	8,905	77,061	SH		SOLE	0	77,061	0	0
DOLLAR GEN CORP NEW COM	COM	256677105	3,319	14,075	SH		SOLE	0	14,075	0	0
DOMINOS PIZZA INC COM	COM	25754A201	48,075	85,190	SH		SOLE	0	85,190	0	0
DOVER CORP COM	COM	260003108	54,740	301,431	SH		SOLE	0	301,431	0	0
DUKE REALTY CORP COM NEW	COM	264411505	28,868	439,797	SH		SOLE	0	439,797	0	0
EOG RES INC COM	COM	26875P101	18,363	206,720	SH		SOLE	0	206,720	0	0
ECOLAB INC COM	COM	278865100	18,445	78,628	SH		SOLE	0	78,628	0	0
EDWARDS LIFESCIENCES CORP COM	COM	28176E108	21,849	168,654	SH		SOLE	0	168,654	0	0
EMERSON ELEC CO COM	COM	291011104	13,468	144,866	SH		SOLE	0	144,866	0	0
ENPHASE ENERGY INC COM	COM	29355A107	2,484	13,576	SH		SOLE	0	13,576	0	0
EPAM SYS INC COM	COM	29414B104	9,704	14,517	SH		SOLE	0	14,517	0	0
EQUINIX INC COM	COM	29444U700	630,704	745,654	SH		SOLE	0	745,654	0	0
EQUITY LIFESTYLE PPTYS INC COM	COM	29472R108	19,472	222,135	SH		SOLE	0	222,135	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	17,497	193,338	SH		SOLE	0	193,338	0	0
ESSENTIAL PPTYS RLTY TR INC COM	COM	29670E107	162,122	5,623,378	SH		SOLE	0	5,623,378	0	0
ESSEX PPTY TR INC COM	COM	297178105	21,273	60,395	SH		SOLE	0	60,395	0	0
EXELON CORP COM	COM	30161N101	18,108	313,500	SH		SOLE	0	313,500	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	94,096	700,695	SH		SOLE	0	700,695	0	0
EXTRA SPACE STORAGE INC COM	COM	30225T102	178,036	785,232	SH		SOLE	0	785,232	0	0
FMC CORP COM NEW	COM	302491303	49,670	452,000	SH		SOLE	0	452,000	0	0
META PLATFORMS INC CL A	CLASS A	30303M102	88,741	263,836	SH		SOLE	0	263,836	0	0
FACTSET RESH SYS INC COM	CLASS A	303075105	25,140	51,727	SH		SOLE	0	51,727	0	0
FAIR ISAAC CORP COM	COM	303250104	2,246	5,179	SH		SOLE	0	5,179	0	0
FASTENAL CO COM	COM	311900104	61,789	964,543	SH		SOLE	0	964,543	0	0
FEDERAL RLTY INVT TR SH BEN INT NEW	INT	313747206	202	1,482	SH		SOLE	0	1,482	0	0
F5 INC COM	COM	315616102	2,463	10,065	SH		SOLE	0	10,065	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	8,726	167,227	SH		SOLE	0	167,227	0	0
FIFTH THIRD BANCORP COM	COM	316773100	3,658	84,006	SH		SOLE	0	84,006	0	0
FIRST REP BK SAN FRANCISCO C COM	COM	33616C100	1,512	7,322	SH		SOLE	0	7,322	0	0
FLEETCOR TECHNOLOGIES INC COM	COM	339041105	15,132	67,602	SH		SOLE	0	67,602	0	0
FORTINET INC COM	COM	34959E109	37,329	103,865	SH		SOLE	0	103,865	0	0
FORTUNE BRANDS HOME SEC IN COM	COM	34964C106	14,214	132,968	SH		SOLE	0	132,968	0	0
FOX CORP CL A COM	COM	35137L105	6,088	164,975	SH		SOLE	0	164,975	0	0
GXO LOGISTICS INCORPORATED COMMON STOCK	COM	36262G101	5,498	60,532	SH		SOLE	0	60,532	0	0
GALLAGHER ARTHUR J CO COM	COM	363576109	11,728	69,125	SH		SOLE	0	69,125	0	0
GARTNER INC COM	COM	366651107	44,412	132,843	SH		SOLE	0	132,843	0	0
GENERAL MLS INC COM	COM	370334104	1,536	22,792	SH		SOLE	0	22,792	0	0
GENTEX CORP COM	COM	371901109	15,922	456,884	SH		SOLE	0	456,884	0	0
GENUINE PARTS CO COM	COM	372460105	27,712	197,663	SH		SOLE	0	197,663	0	0
GILEAD SCIENCES INC COM	COM	375558103	67,602	931,032	SH		SOLE	0	931,032	0	0
GLOBE LIFE INC COM	COM	37959E102	21,995	234,690	SH		SOLE	0	234,690	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	22,227	58,102	SH		SOLE	0	58,102	0	0
GRAINGER W W INC COM	COM	384802104	57,375	110,712	SH		SOLE	0	110,712	0	0
HCA HEALTHCARE INC COM	COM	40412C101	16,799	65,388	SH		SOLE	0	65,388	0	0
HP INC COM	COM	40434L105	34,948	927,744	SH		SOLE	0	927,744	0	0
HAIN CELESTIAL GROUP INC COM	COM	405217100	32,126	753,955	SH		SOLE	0	753,955	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	18,701	270,866	SH		SOLE	0	270,866	0	0
HASBRO INC COM	COM	418056107	13,881	136,381	SH		SOLE	0	136,381	0	0
HEALTHCARE TR AMER INC CL A NEW	CLASS A	42225P501	49,284	1,476,000	SH		SOLE	0	1,476,000	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	421,677	11,684,043	SH		SOLE	0	11,684,043	0	0
HENRY JACK ASSOC INC COM	COM	426281101	5,779	34,605	SH		SOLE	0	34,605	0	0
HERSHEY CO COM	COM	427866108	57,802	298,763	SH		SOLE	0	298,763	0	0
HESS CORP COM	COM	42809H107	208	2,813	SH		SOLE	0	2,813	0	0
HOLOGIC INC COM	COM	436440101	33,730	440,564	SH		SOLE	0	440,564	0	0
HOME DEPOT INC COM	COM	437076102	141,568	341,119	SH		SOLE	0	341,119	0	0
HUDSON PAC PPTYS INC COM	COM	444097109	185,157	7,493,181	SH		SOLE	0	7,493,181	0	0
HUMANA INC COM	COM	444859102	8,513	18,353	SH		SOLE	0	18,353	0	0
HUNT J B TRANS SVCS INC COM	COM	445658107	27,507	134,576	SH		SOLE	0	134,576	0	0
IDEX CORP COM	COM	45167R104	18,540	78,454	SH		SOLE	0	78,454	0	0
IDEXX LABS INC COM	COM	45168D104	34,092	51,776	SH		SOLE	0	51,776	0	0
ILLINOIS TOOL WKS INC COM	CLASS A	452308109	74,432	301,589	SH		SOLE	0	301,589	0	0
INCYTE CORP COM	COM	45337C102	44,480	606,000	SH		SOLE	0	606,000	0	0
INGREDION INC COM	COM	457187102	12,517	129,517	SH		SOLE	0	129,517	0	0
INTEL CORP COM	COM	458140100	64,505	1,252,530	SH		SOLE	0	1,252,530	0	0
INTERCONTINENTAL EXCHANGE IN COM	COM	45866F104	8,876	64,896	SH		SOLE	0	64,896	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	11,634	87,043	SH		SOLE	0	87,043	0	0
INTERPUBLIC GROUP COS INC COM	COM	460690100	2,846	75,993	SH		SOLE	0	75,993	0	0
INTUIT COM	COM	461202103	7,939	12,342	SH		SOLE	0	12,342	0	0
INVITATION HOMES INC COM	COM	46187W107	486,638	10,733,086	SH		SOLE	0	10,733,086	0	0
IQVIA HLDGS INC COM	COM	46266C105	6,495	23,021	SH		SOLE	0	23,021	0	0
IRON MTN INC NEW COM	COM	46284V101	20,237	386,721	SH		SOLE	0	386,721	0	0
ITRON INC COM	COM	465741106	56,563	825,489	SH		SOLE	0	825,489	0	0
JPMORGAN CHASE CO COM	COM	46625H100	65,991	416,741	SH		SOLE	0	416,741	0	0
JEFFERIES FINL GROUP INC COM	COM	47233W109	25,582	659,332	SH		SOLE	0	659,332	0	0
KLA CORP COM NEW	COM	482480100	44,589	103,668	SH		SOLE	0	103,668	0	0
KELLOGG CO COM	COM	487836108	6,488	100,720	SH		SOLE	0	100,720	0	0
KEYCORP COM	COM	493267108	170	7,353	SH		SOLE	0	7,353	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	58,662	284,066	SH		SOLE	0	284,066	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	23,294	162,984	SH		SOLE	0	162,984	0	0
KIMCO RLTY CORP COM	COM	49446R109	176,158	7,146,374	SH		SOLE	0	7,146,374	0	0
KINDER MORGAN INC DEL COM	COM	49456B101	28,544	1,799,738	SH		SOLE	0	1,799,738	0	0
KRAFT HEINZ CO COM	COM	500754106	8,929	248,718	SH		SOLE	0	248,718	0	0
KYNDRYL HLDGS INC COMMON STOCK ADDED	COM	50155Q100	295	16,284	SH		SOLE	0	16,284	0	0
LKQ CORP COM	COM	501889208	25,133	418,674	SH		SOLE	0	418,674	0	0
L3HARRIS TECHNOLOGIES INC COM	COM	502431109	5,494	25,763	SH		SOLE	0	25,763	0	0
LABORATORY CORP AMER HLDGS COM NEW	COM	50540R409	43,236	137,603	SH		SOLE	0	137,603	0	0
LAM RESEARCH CORP COM	COM	512807108	25,571	35,557	SH		SOLE	0	35,557	0	0
LEIDOS HOLDINGS INC COM	COM	525327102	14,817	166,675	SH		SOLE	0	166,675	0	0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM	COM	531229409	206	4,050	SH		SOLE	0	4,050	0	0
LIFE STORAGE INC COM	COM	53223X107	186,540	1,217,783	SH		SOLE	0	1,217,783	0	0
LILLY ELI CO COM	COM	532457108	54,354	196,777	SH		SOLE	0	196,777	0	0
LOEWS CORP COM	COM	540424108	16,564	286,766	SH		SOLE	0	286,766	0	0
LOWES COS INC COM	COM	548661107	97,213	376,094	SH		SOLE	0	376,094	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	5,041	12,879	SH		SOLE	0	12,879	0	0
MSCI INC COM	COM	55354G100	18,204	29,711	SH		SOLE	0	29,711	0	0
MANPOWERGROUP INC WIS COM	COM	56418H100	18,400	189,051	SH		SOLE	0	189,051	0	0
MARATHON PETE CORP COM	COM	56585A102	8,225	128,532	SH		SOLE	0	128,532	0	0
MARKEL CORP COM	COM	570535104	2,852	2,311	SH		SOLE	0	2,311	0	0
MARSH MCLENNAN COS INC COM	COM	571748102	39,234	225,718	SH		SOLE	0	225,718	0	0
MASCO CORP COM	COM	574599106	49,607	706,456	SH		SOLE	0	706,456	0	0
MASTERCARD INCORPORATED CL A	CLASS A	57636Q104	29,035	80,806	SH		SOLE	0	80,806	0	0
MCCORMICK CO INC COM NON VTG	COM	579780206	3,671	37,996	SH		SOLE	0	37,996	0	0
MCDONALDS CORP COM	COM	580135101	119,964	447,509	SH		SOLE	0	447,509	0	0
MCKESSON CORP COM	COM	58155Q103	72,497	291,658	SH		SOLE	0	291,658	0	0
MERCK CO INC COM	COM	58933Y105	54,923	716,636	SH		SOLE	0	716,636	0	0
METLIFE INC COM	COM	59156R108	18,688	299,049	SH		SOLE	0	299,049	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	64,000	37,709	SH		SOLE	0	37,709	0	0
MICROSOFT CORP COM	COM	594918104	720,558	2,142,478	SH		SOLE	0	2,142,478	0	0
MID-AMER APT CMNTYS INC COM	COM	59522J103	530,906	2,313,922	SH		SOLE	0	2,313,922	0	0
MODERNA INC COM	COM	60770K107	1,131	4,452	SH		SOLE	0	4,452	0	0
MONDELEZ INTL INC CL A	CLASS A	609207105	50,442	760,704	SH		SOLE	0	760,704	0	0
MONOLITHIC PWR SYS INC COM	COM	609839105	264	535	SH		SOLE	0	535	0	0
MOODYS CORP COM	COM	615369105	37,606	96,282	SH		SOLE	0	96,282	0	0
MOTOROLA SOLUTIONS INC COM NEW	COM	620076307	65,224	240,059	SH		SOLE	0	240,059	0	0
MUELLER WTR PRODS INC COM SER A	COM	624758108	22,075	1,533,000	SH		SOLE	0	1,533,000	0	0
NVR INC COM	COM	62944T105	14,453	2,446	SH		SOLE	0	2,446	0	0
NASDAQ INC COM	COM	631103108	41,801	199,045	SH		SOLE	0	199,045	0	0
NATIONAL RETAIL PROPERTIES I COM	COM	637417106	251,336	5,228,541	SH		SOLE	0	5,228,541	0	0
NETAPP INC COM	COM	64110D104	40,221	437,234	SH		SOLE	0	437,234	0	0
NEWS CORP NEW CL A	CLASS A	65249B109	4,554	204,111	SH		SOLE	0	204,111	0	0
NEXTERA ENERGY INC COM	COM	65339F101	13,817	148,000	SH		SOLE	0	148,000	0	0
NISOURCE INC COM	COM	65473P105	384	13,898	SH		SOLE	0	13,898	0	0
NORFOLK SOUTHN CORP COM	COM	655844108	28,879	97,004	SH		SOLE	0	97,004	0	0
NORTONLIFELOCK INC COM	COM	668771108	11,344	436,632	SH		SOLE	0	436,632	0	0
NUCOR CORP COM	COM	670346105	34,228	299,850	SH		SOLE	0	299,850	0	0
NVIDIA CORPORATION COM	COM	67066G104	34,527	117,395	SH		SOLE	0	117,395	0	0
OREILLY AUTOMOTIVE INC COM	COM	67103H107	106,303	150,522	SH		SOLE	0	150,522	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	38,161	106,481	SH		SOLE	0	106,481	0	0
OMNICOM GROUP INC COM	COM	681919106	5,061	69,074	SH		SOLE	0	69,074	0	0
ONEOK INC NEW COM	COM	682680103	12,453	211,937	SH		SOLE	0	211,937	0	0
ORACLE CORP COM	COM	68389X105	69,224	793,761	SH		SOLE	0	793,761	0	0
ORGANON CO COMMON STOCK	COM	68622V106	1,448	47,554	SH		SOLE	0	47,554	0	0
OTIS WORLDWIDE CORP COM	COM	68902V107	49,277	565,952	SH		SOLE	0	565,952	0	0
OWENS CORNING NEW COM	COM	690742101	80,743	892,190	SH		SOLE	0	892,190	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	2,026	10,102	SH		SOLE	0	10,102	0	0
PPG INDS INC COM	COM	693506107	10,590	61,413	SH		SOLE	0	61,413	0	0
PACKAGING CORP AMER COM	COM	695156109	12,332	90,577	SH		SOLE	0	90,577	0	0
PARK HOTELS RESORTS INC COM	COM	700517105	260,140	13,778,606	SH		SOLE	0	13,778,606	0	0
PARKER-HANNIFIN CORP COM	COM	701094104	3,448	10,839	SH		SOLE	0	10,839	0	0
PAYCHEX INC COM	COM	704326107	62,921	460,962	SH		SOLE	0	460,962	0	0
PEPSICO INC COM	COM	713448108	50,642	291,530	SH		SOLE	0	291,530	0	0
PERKINELMER INC COM	COM	714046109	3,913	19,464	SH		SOLE	0	19,464	0	0
PFIZER INC COM	COM	717081103	12,355	209,232	SH		SOLE	0	209,232	0	0
PHILLIPS 66 COM	COM	718546104	4,439	61,264	SH		SOLE	0	61,264	0	0
PIONEER NAT RES CO COM	COM	723787107	1,043	5,734	SH		SOLE	0	5,734	0	0
POLARIS INC COM	COM	731068102	6,719	61,133	SH		SOLE	0	61,133	0	0
POOL CORP COM	COM	73278L105	21,481	37,952	SH		SOLE	0	37,952	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	60,080	305,535	SH		SOLE	0	305,535	0	0
PRINCIPAL FINANCIAL GROUP IN COM	COM	74251V102	1,870	25,853	SH		SOLE	0	25,853	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	93,585	572,103	SH		SOLE	0	572,103	0	0
PROGRESSIVE CORP COM	COM	743315103	9,908	96,519	SH		SOLE	0	96,519	0	0
PROLOGIS INC. COM	COM	74340W103	573,644	3,407,248	SH		SOLE	0	3,407,248	0	0
PRUDENTIAL FINL INC COM	COM	744320102	19,518	180,326	SH		SOLE	0	180,326	0	0
PUBLIC SVC ENTERPRISE GRP IN COM	COM	744573106	21,058	315,573	SH		SOLE	0	315,573	0	0
PUBLIC STORAGE COM	COM	74460D109	156,310	417,317	SH		SOLE	0	417,317	0	0
PULTE GROUP INC COM	COM	745867101	3,782	66,158	SH		SOLE	0	66,158	0	0
QORVO INC COM	COM	74736K101	6,846	43,775	SH		SOLE	0	43,775	0	0
QUALCOMM INC COM	COM	747525103	93,178	509,533	SH		SOLE	0	509,533	0	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	62,534	361,450	SH		SOLE	0	361,450	0	0
RAYMOND JAMES FINL INC COM	COM	754730109	224	2,230	SH		SOLE	0	2,230	0	0
REALTY INCOME CORP COM	COM	756109104	14,883	207,895	SH		SOLE	0	207,895	0	0
REGENCY CTRS CORP COM	COM	758849103	258,896	3,435,917	SH		SOLE	0	3,435,917	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	5,552	8,791	SH		SOLE	0	8,791	0	0
REPUBLIC SVCS INC COM	COM	760759100	42,038	301,459	SH		SOLE	0	301,459	0	0
RESMED INC COM	COM	761152107	6,676	25,631	SH		SOLE	0	25,631	0	0
REXFORD INDL RLTY INC COM	COM	76169C100	384,955	4,746,091	SH		SOLE	0	4,746,091	0	0
ROBERT HALF INTL INC COM	COM	770323103	44,673	400,587	SH		SOLE	0	400,587	0	0
ROCKWELL AUTOMATION INC COM	COM	773903109	22,734	65,168	SH		SOLE	0	65,168	0	0
ROLLINS INC COM	COM	775711104	6,669	194,950	SH		SOLE	0	194,950	0	0
S P GLOBAL INC COM	COM	78409V104	111,150	235,522	SH		SOLE	0	235,522	0	0
SBA COMMUNICATIONS CORP NEW CL A	CLASS A	78410G104	31,030	79,765	SH		SOLE	0	79,765	0	0
SEI INVTS CO COM	COM	784117103	21,099	346,225	SH		SOLE	0	346,225	0	0
SL GREEN RLTY CORP COM	COM	78440X804	126,633	1,766,156	SH		SOLE	0	1,766,156	0	0
SS C TECHNOLOGIES HLDGS INC COM	COM	78467J100	18,279	222,969	SH		SOLE	0	222,969	0	0
SANTANDER CONSUMER USA HLDGS COM	COM	80283M101	15,048	358,109	SH		SOLE	0	358,109	0	0
HENRY SCHEIN INC COM	COM	806407102	27,308	352,224	SH		SOLE	0	352,224	0	0
SCHLUMBERGER LTD COM STK	COM	806857108	2,223	74,225	SH		SOLE	0	74,225	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	75,936	215,629	SH		SOLE	0	215,629	0	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	397,094	2,485,413	SH		SOLE	0	2,485,413	0	0
SIRIUS XM HOLDINGS INC COM	COM	82968B103	11,048	1,739,822	SH		SOLE	0	1,739,822	0	0
SKYWORKS SOLUTIONS INC COM	COM	83088M102	12,944	83,435	SH		SOLE	0	83,435	0	0
SMUCKER J M CO COM NEW	COM	832696405	16,404	120,775	SH		SOLE	0	120,775	0	0
SNAP ON INC COM	COM	833034101	23,852	110,744	SH		SOLE	0	110,744	0	0
SOLAREDGE TECHNOLOGIES INC COM	COM	83417M104	8,830	31,471	SH		SOLE	0	31,471	0	0
SPROUTS FMRS MKT INC COM	COM	85208M102	94,333	3,178,331	SH		SOLE	0	3,178,331	0	0
STARBUCKS CORP COM	COM	855244109	31,824	272,073	SH		SOLE	0	272,073	0	0
STEEL DYNAMICS INC COM	COM	858119100	7,892	127,154	SH		SOLE	0	127,154	0	0
STORE CAP CORP COM	COM	862121100	75,469	2,193,852	SH		SOLE	0	2,193,852	0	0
STRYKER CORPORATION COM	COM	863667101	13,012	48,656	SH		SOLE	0	48,656	0	0
SUN CMNTYS INC COM	COM	866674104	14,363	68,405	SH		SOLE	0	68,405	0	0
SUNRUN INC COM	COM	86771W105	12,207	355,903	SH		SOLE	0	355,903	0	0
SYNOPSYS INC COM	COM	871607107	16,053	43,562	SH		SOLE	0	43,562	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	4,157	89,620	SH		SOLE	0	89,620	0	0
TARGET CORP COM	COM	87612E106	43,981	190,030	SH		SOLE	0	190,030	0	0
TERADYNE INC COM	COM	880770102	24,409	149,265	SH		SOLE	0	149,265	0	0
TERRENO RLTY CORP COM	COM	88146M101	178,912	2,097,691	SH		SOLE	0	2,097,691	0	0
TESLA INC COM	COM	88160R101	12,596	11,919	SH		SOLE	0	11,919	0	0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS	ADS	881624209	12,920	1,613,034	SH		SOLE	0	1,613,034	0	0
TEXAS INSTRS INC COM	COM	882508104	120,184	637,682	SH		SOLE	0	637,682	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	191,325	286,741	SH		SOLE	0	286,741	0	0
3M CO COM	COM	88579Y101	30,665	172,632	SH		SOLE	0	172,632	0	0
TRACTOR SUPPLY CO COM	COM	892356106	35,368	148,231	SH		SOLE	0	148,231	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	30,358	194,066	SH		SOLE	0	194,066	0	0
TRIMBLE INC COM	COM	896239100	2,221	25,471	SH		SOLE	0	25,471	0	0
TYSON FOODS INC CL A	CLASS A	902494103	7,617	87,393	SH		SOLE	0	87,393	0	0
UDR INC COM	COM	902653104	423,939	7,066,821	SH		SOLE	0	7,066,821	0	0
US BANCORP DEL COM NEW	COM	902973304	5,129	91,309	SH		SOLE	0	91,309	0	0
ULTA BEAUTY INC COM	COM	90384S303	205	496	SH		SOLE	0	496	0	0
UNION PAC CORP COM	COM	907818108	57,329	227,558	SH		SOLE	0	227,558	0	0
UNITED PARCEL SERVICE INC CL B	CLASS B	911312106	67,525	315,037	SH		SOLE	0	315,037	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	92,181	183,576	SH		SOLE	0	183,576	0	0
UNIVERSAL HLTH SVCS INC CL B	CLASS B	913903100	3,912	30,172	SH		SOLE	0	30,172	0	0
VEON LTD SPONSORED ADR	ADR	91822M106	5,558	3,250,380	SH		SOLE	0	3,250,380	0	0
VALERO ENERGY CORP COM	COM	91913Y100	1,690	22,500	SH		SOLE	0	22,500	0	0
VENTAS INC COM	COM	92276F100	7,783	152,250	SH		SOLE	0	152,250	0	0
VERISIGN INC COM	COM	92343E102	46,445	182,985	SH		SOLE	0	182,985	0	0
VERIZON COMMUNICATIONS INC COM	COM	92343V104	30,364	584,380	SH		SOLE	0	584,380	0	0
VERISK ANALYTICS INC COM	COM	92345Y106	11,476	50,173	SH		SOLE	0	50,173	0	0
VICI PPTYS INC COM	COM	925652109	411,567	13,668,777	SH		SOLE	0	13,668,777	0	0
VISA INC COM CL A	CLASS A	92826C839	19,284	88,986	SH		SOLE	0	88,986	0	0
VMWARE INC CL A COM	COM	928563402	6,540	56,441	SH		SOLE	0	56,441	0	0
VONTIER CORPORATION COM	COM	928881101	4,874	158,608	SH		SOLE	0	158,608	0	0
VOYA FINANCIAL INC COM	COM	929089100	22,006	331,872	SH		SOLE	0	331,872	0	0
WP CAREY INC COM	COM	92936U109	22,563	274,986	SH		SOLE	0	274,986	0	0
WASTE MGMT INC DEL COM	COM	94106L109	47,733	285,995	SH		SOLE	0	285,995	0	0
WATERS CORP COM	COM	941848103	60,790	163,150	SH		SOLE	0	163,150	0	0
WELLTOWER INC COM	COM	95040Q104	413,103	4,816,404	SH		SOLE	0	4,816,404	0	0
WEST PHARMACEUTICAL SVSC INC COM	COM	955306105	12,368	26,370	SH		SOLE	0	26,370	0	0
WESTERN UN CO COM	COM	959802109	14,944	837,693	SH		SOLE	0	837,693	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM	962166104	5,732	139,203	SH		SOLE	0	139,203	0	0
WHIRLPOOL CORP COM	COM	963320106	11,541	49,180	SH		SOLE	0	49,180	0	0
WILLIAMS COS INC COM	COM	969457100	20,723	795,832	SH		SOLE	0	795,832	0	0
XILINX INC COM	COM	983919101	2,617	12,341	SH		SOLE	0	12,341	0	0
XYLEM INC COM	COM	98419M100	24,183	201,662	SH		SOLE	0	201,662	0	0
YUM BRANDS INC COM	COM	988498101	109,137	785,948	SH		SOLE	0	785,948	0	0
ZEBRA TECHNOLOGIES CORPORATI CL A	CLASS A	989207105	32,494	54,594	SH		SOLE	0	54,594	0	0
ZOETIS INC CL A	CLASS A	98978V103	59,949	245,663	SH		SOLE	0	245,663	0	0