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
Estimated average burden
hours per response:		23.8

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	6,999	66,497	SH		SOLE	0	66,497	0	0
AMDOCS LTD SHS	SHS	G02602103	13,264	145,922	SH		SOLE	0	145,922	0	0
AON PLC SHS CL A	CLASS A	G0403H108	6,388	21,283	SH		SOLE	0	21,283	0	0
ARCH CAP GROUP LTD ORD	ORD	G0450A105	6,717	106,985	SH		SOLE	0	106,985	0	0
ACCENTURE PLC IRELAND SHS CLASS A	CLASS A	G1151C101	6,696	25,093	SH		SOLE	0	25,093	0	0
CREDICORP LTD COM	COM	G2519Y108	2,680	19,756	SH		SOLE	0	19,756	0	0
COCA-COLA EUROPACIFIC PARTNE SHS	SHS	G25839104	10,589	191,412	SH		SOLE	0	191,412	0	0
EATON CORP PLC SHS	SHS	G29183103	661	4,211	SH		SOLE	0	4,211	0	0
EVEREST RE GROUP LTD COM	COM	G3223R108	4,965	14,987	SH		SOLE	0	14,987	0	0
ICON PLC SHS	SHS	G4705A100	435	2,241	SH		SOLE	0	2,241	0	0
JOHNSON CTLS INTL PLC SHS	SHS	G51502105	1,011	15,798	SH		SOLE	0	15,798	0	0
LIBERTY GLOBAL PLC SHS CL C	CLASS C	G5480U120	2,335	120,178	SH		SOLE	0	120,178	0	0
LINDE PLC SHS	SHS	G5494J103	6,314	19,358	SH		SOLE	0	19,358	0	0
MEDTRONIC PLC SHS	SHS	G5960L103	74,367	956,861	SH		SOLE	0	956,861	0	0
PENTAIR PLC SHS	SHS	G7S00T104	22,026	489,679	SH		SOLE	0	489,679	0	0
ROYALTY PHARMA PLC SHS CLASS A	CLASS A	G7709Q104	4,313	109,125	SH		SOLE	0	109,125	0	0
TRANE TECHNOLOGIES PLC SHS	SHS	G8994E103	6,949	41,339	SH		SOLE	0	41,339	0	0
WILLIS TOWERS WATSON PLC LTD SHS	SHS	G96629103	4,502	18,407	SH		SOLE	0	18,407	0	0
CHUBB LIMITED COM	COM	H1467J104	14,994	67,968	SH		SOLE	0	67,968	0	0
GARMIN LTD SHS	SHS	H2906T109	1,374	14,889	SH		SOLE	0	14,889	0	0
TE CONNECTIVITY LTD SHS	SHS	H84989104	10,507	91,524	SH		SOLE	0	91,524	0	0
ADECOAGRO S A COM	COM	L00849106	37,305	4,500,000	SH		SOLE	0	4,500,000	0	0
CHECK POINT SOFTWARE TECH LT ORD	ORD	M22465104	11,142	88,319	SH		SOLE	0	88,319	0	0
LYONDELLBASELL INDUSTRIES N SHS - A -	CLASS A	N53745100	2,819	33,954	SH		SOLE	0	33,954	0	0
NXP SEMICONDUCTORS N V COM	COM	N6596X109	7,312	46,269	SH		SOLE	0	46,269	0	0
FLEX LTD ORD	ORD	Y2573F102	6,686	311,579	SH		SOLE	0	311,579	0	0
AFLAC INC COM	COM	001055102	10,861	150,976	SH		SOLE	0	150,976	0	0
ABBOTT LABS COM	COM	002824100	30,946	281,868	SH		SOLE	0	281,868	0	0
ABBVIE INC COM	COM	00287Y109	5,768	35,688	SH		SOLE	0	35,688	0	0
ACUITY BRANDS INC COM	COM	00508Y102	4,026	24,312	SH		SOLE	0	24,312	0	0
ADOBE SYSTEMS INCORPORATED COM	COM	00724F101	9,963	29,605	SH		SOLE	0	29,605	0	0
ADVANCE AUTO PARTS INC COM	COM	00751Y106	971	6,605	SH		SOLE	0	6,605	0	0
ADVANCED DRAIN SYS INC DEL COM	COM	00790R104	10,183	124,226	SH		SOLE	0	124,226	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	8,588	57,385	SH		SOLE	0	57,385	0	0
AIRBNB INC COM CL A	CLASS A	009066101	253	2,959	SH		SOLE	0	2,959	0	0
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	237	2,806	SH		SOLE	0	2,806	0	0
ALBEMARLE CORP COM	COM	012653101	12,545	57,849	SH		SOLE	0	57,849	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	54,069	371,175	SH		SOLE	0	371,175	0	0
ALLY FINL INC COM	COM	02005N100	555	22,681	SH		SOLE	0	22,681	0	0
ALPHABET INC CAP STK CL A	CLASS A	02079K305	48,594	550,769	SH		SOLE	0	550,769	0	0
AMAZON COM INC COM	COM	023135106	10,090	120,124	SH		SOLE	0	120,124	0	0
AMERICAN EXPRESS CO COM	COM	025816109	5,432	36,766	SH		SOLE	0	36,766	0	0
AMERICAN INTL GROUP INC COM NEW	COM	026874784	6,307	99,728	SH		SOLE	0	99,728	0	0
AMERICAN WTR WKS CO INC NEW COM	COM	030420103	21,873	143,502	SH		SOLE	0	143,502	0	0
AMERISOURCEBERGEN CORP COM	COM	03073E105	15,567	93,942	SH		SOLE	0	93,942	0	0
AMERIPRISE FINL INC COM	COM	03076C106	8,360	26,850	SH		SOLE	0	26,850	0	0
AMETEK INC COM	COM	031100100	11,950	85,529	SH		SOLE	0	85,529	0	0
AMGEN INC COM	COM	031162100	19,712	75,053	SH		SOLE	0	75,053	0	0
AMPHENOL CORP NEW CL A	CLASS A	032095101	8,802	115,603	SH		SOLE	0	115,603	0	0
ANNALY CAPITAL MANAGEMENT IN COM NEW	COM	035710839	152	7,230	SH		SOLE	0	7,230	0	0
ELEVANCE HEALTH INC COM	COM	036752103	13,477	26,273	SH		SOLE	0	26,273	0	0
APPLE INC COM	COM	037833100	118,038	908,477	SH		SOLE	0	908,477	0	0
APPLIED MATLS INC COM	COM	038222105	2,686	27,584	SH		SOLE	0	27,584	0	0
ARAMARK COM	COM	03852U106	2,162	52,298	SH		SOLE	0	52,298	0	0
ARCHER DANIELS MIDLAND CO COM	COM	039483102	31,200	336,023	SH		SOLE	0	336,023	0	0
ARROW ELECTRS INC COM	COM	042735100	6,938	66,350	SH		SOLE	0	66,350	0	0
ASSURANT INC COM	COM	04621X108	2,306	18,442	SH		SOLE	0	18,442	0	0
ATLASSIAN CORPORATION CL A ADDED	CLASS A	049468101	672	5,220	SH		SOLE	0	5,220	0	0
ATMOS ENERGY CORP COM	COM	049560105	2,966	26,464	SH		SOLE	0	26,464	0	0
AUTODESK INC COM	COM	052769106	7,034	37,642	SH		SOLE	0	37,642	0	0
AUTOLIV INC COM	COM	052800109	1,786	23,317	SH		SOLE	0	23,317	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	10,000	41,865	SH		SOLE	0	41,865	0	0
AUTOZONE INC COM	COM	053332102	14,220	5,766	SH		SOLE	0	5,766	0	0
AVALONBAY CMNTYS INC COM	COM	053484101	4,455	27,581	SH		SOLE	0	27,581	0	0
AVANGRID INC COM	COM	05351W103	2,756	64,132	SH		SOLE	0	64,132	0	0
AVERY DENNISON CORP COM	COM	053611109	9,345	51,632	SH		SOLE	0	51,632	0	0
BANK AMERICA CORP COM	COM	060505104	9,081	274,188	SH		SOLE	0	274,188	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	1,401	30,786	SH		SOLE	0	30,786	0	0
BATH BODY WORKS INC COM	COM	070830104	878	20,831	SH		SOLE	0	20,831	0	0
BECTON DICKINSON CO COM	COM	075887109	2,053	8,074	SH		SOLE	0	8,074	0	0
BERKLEY W R CORP COM	COM	084423102	4,737	65,280	SH		SOLE	0	65,280	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	COM	084670702	4,326	14,004	SH		SOLE	0	14,004	0	0
BEST BUY INC COM	COM	086516101	1,517	18,913	SH		SOLE	0	18,913	0	0
BIO-TECHNE CORP COM	COM	09073M104	249	3,008	SH		SOLE	0	3,008	0	0
BLOCK H R INC COM	COM	093671105	2,609	71,448	SH		SOLE	0	71,448	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	16,951	8,411	SH		SOLE	0	8,411	0	0
BORGWARNER INC COM	COM	099724106	2,078	51,629	SH		SOLE	0	13,163	0	0
BOSTON SCIENTIFIC CORP COM	COM	101137107	1,815	39,225	SH		SOLE	0	39,225	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	10,675	148,361	SH		SOLE	0	148,361	0	0
BROADRIDGE FINL SOLUTIONS IN COM	COM	11133T103	1,726	12,865	SH		SOLE	0	12,865	0	0
BROADCOM INC COM	COM	11135F101	1,660	2,969	SH		SOLE	0	2,969	0	0
BROWN FORMAN CORP CL B	CLASS B	115637209	6,509	99,096	SH		SOLE	0	99,096	0	0
CBRE GROUP INC CL A	CLASS A	12504L109	4,995	64,908	SH		SOLE	0	64,908	0	0
CDW CORP COM	COM	12514G108	10,443	58,479	SH		SOLE	0	58,479	0	0
CF INDS HLDGS INC COM	COM	125269100	10,751	126,190	SH		SOLE	0	126,190	0	0
C H ROBINSON WORLDWIDE INC COM NEW	COM	12541W209	4,287	46,820	SH		SOLE	0	46,820	0	0
CIGNA CORP NEW COM	COM	125523100	17,829	53,809	SH		SOLE	0	53,809	0	0
CNA FINL CORP COM	COM	126117100	3,425	81,008	SH		SOLE	0	81,008	0	0
CSX CORP COM	COM	126408103	5,300	171,064	SH		SOLE	0	171,064	0	0
CVS HEALTH CORP COM	COM	126650100	8,721	93,584	SH		SOLE	0	93,584	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	5,303	33,013	SH		SOLE	0	33,013	0	0
CAMDEN PPTY TR SH BEN INT	INT	133131102	115,941	1,036,300	SH		SOLE	0	1,036,300	0	0
CAMPBELL SOUP CO COM	COM	134429109	712	12,539	SH		SOLE	0	12,539	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	2,098	22,569	SH		SOLE	0	22,569	0	0
CARDINAL HEALTH INC COM	COM	14149Y108	10,995	143,030	SH		SOLE	0	143,030	0	0
CARRIER GLOBAL CORPORATION COM	COM	14448C104	4,053	98,262	SH		SOLE	0	98,262	0	0
CATERPILLAR INC COM	COM	149123101	6,007	25,075	SH		SOLE	0	25,075	0	0
CELANESE CORP DEL COM	COM	150870103	3,351	32,771	SH		SOLE	0	32,771	0	0
CENTENE CORP DEL COM	COM	15135B101	5,296	64,583	SH		SOLE	0	64,583	0	0
CENTERPOINT ENERGY INC COM	COM	15189T107	906	30,223	SH		SOLE	0	30,223	0	0
CHARTER COMMUNICATIONS INC N CL A	CLASS A	16119P108	686	2,022	SH		SOLE	0	2,022	0	0
CHENIERE ENERGY INC COM NEW	COM	16411R208	7,737	51,594	SH		SOLE	0	51,594	0	0
CHEVRON CORP NEW COM	COM	166764100	20,652	115,060	SH		SOLE	0	115,060	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	1,809	1,304	SH		SOLE	0	1,304	0	0
CHURCH DWIGHT CO INC COM	COM	171340102	2,181	27,061	SH		SOLE	0	27,061	0	0
CISCO SYS INC COM	COM	17275R102	9,403	197,367	SH		SOLE	0	197,367	0	0
CINTAS CORP COM	COM	172908105	17,575	38,915	SH		SOLE	0	38,915	0	0
CITIGROUP INC COM NEW	COM	172967424	7,636	168,818	SH		SOLE	0	168,818	0	0
CITIZENS FINL GROUP INC COM	COM	174610105	394	10,010	SH		SOLE	0	10,010	0	0
COCA COLA CO COM	COM	191216100	18,529	291,294	SH		SOLE	0	291,294	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CLASS A	192446102	4,621	80,800	SH		SOLE	0	80,800	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	6,446	81,818	SH		SOLE	0	81,818	0	0
COMCAST CORP NEW CL A	CLASS A	20030N101	3,642	104,147	SH		SOLE	0	104,147	0	0
COMERICA INC COM	COM	200340107	1,578	23,605	SH		SOLE	0	23,605	0	0
COMMERCE BANCSHARES INC COM	COM	200525103	6,729	98,854	SH		SOLE	0	98,854	0	0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR	ADR	20441A102	10,905	1,023,000	SH		SOLE	0	1,023,000	0	0
CONSOLIDATED EDISON INC COM	COM	209115104	3,508	36,811	SH		SOLE	0	36,811	0	0
CONSTELLATION BRANDS INC CL A	CLASS A	21036P108	8,110	34,993	SH		SOLE	0	34,993	0	0
COPART INC COM	COM	217204106	3,088	50,714	SH		SOLE	0	50,714	0	0
CORTEVA INC COM	COM	22052L104	50,756	863,486	SH		SOLE	0	863,486	0	0
COSTCO WHSL CORP NEW COM	COM	22160K105	2,899	6,351	SH		SOLE	0	6,351	0	0
COUSINS PPTYS INC COM NEW	COM	222795502	70,514	2,788,223	SH		SOLE	0	2,788,223	0	0
CUBESMART COM	COM	229663109	115,292	2,864,394	SH		SOLE	0	2,864,394	0	0
CUMMINS INC COM	COM	231021106	8,190	33,803	SH		SOLE	0	33,803	0	0
DANAHER CORPORATION COM	COM	235851102	2,298	8,658	SH		SOLE	0	8,658	0	0
DARDEN RESTAURANTS INC COM	COM	237194105	1,557	11,256	SH		SOLE	0	11,256	0	0
DARLING INGREDIENTS INC COM	COM	237266101	4,256	68,000	SH		SOLE	0	68,000	0	0
DAVITA INC COM	COM	23918K108	904	12,112	SH		SOLE	0	12,112	0	0
DEERE CO COM	COM	244199105	2,753	6,420	SH		SOLE	0	6,420	0	0
DELL TECHNOLOGIES INC CL C	CLASS C	24703L202	1,975	49,096	SH		SOLE	0	49,096	0	0
DENTSPLY SIRONA INC COM	COM	24906P109	817	25,673	SH		SOLE	0	25,673	0	0
DEVON ENERGY CORP NEW COM	COM	25179M103	11,511	187,136	SH		SOLE	0	187,136	0	0
DIAMONDBACK ENERGY INC COM	COM	25278X109	9,388	68,639	SH		SOLE	0	68,639	0	0
DIGITAL RLTY TR INC COM	COM	253868103	172,290	1,718,260	SH		SOLE	0	1,718,260	0	0
DISCOVER FINL SVCS COM	COM	254709108	4,237	43,310	SH		SOLE	0	43,310	0	0
DOCUSIGN INC COM	COM	256163106	989	17,837	SH		SOLE	0	17,837	0	0
DOMINOS PIZZA INC COM	COM	25754A201	5,264	15,197	SH		SOLE	0	15,197	0	0
DOVER CORP COM	COM	260003108	10,851	80,134	SH		SOLE	0	80,134	0	0
DOW INC COM	COM	260557103	2,598	51,566	SH		SOLE	0	51,566	0	0
DUPONT DE NEMOURS INC COM	COM	26614N102	420	6,124	SH		SOLE	0	6,124	0	0
EOG RES INC COM	COM	26875P101	10,987	84,828	SH		SOLE	0	84,828	0	0
EPR PPTYS COM SH BEN INT	INT	26884U109	49,727	1,318,323	SH		SOLE	0	1,318,323	0	0
EASTMAN CHEM CO COM	COM	277432100	3,388	41,598	SH		SOLE	0	41,598	0	0
ECOLAB INC COM	COM	278865100	4,602	31,618	SH		SOLE	0	31,618	0	0
EDWARDS LIFESCIENCES CORP COM	COM	28176E108	459	6,150	SH		SOLE	0	6,150	0	0
ELECTRONIC ARTS INC COM	COM	285512109	3,914	32,038	SH		SOLE	0	32,038	0	0
EMERSON ELEC CO COM	COM	291011104	4,906	51,076	SH		SOLE	0	51,076	0	0
EQUINIX INC COM	COM	29444U700	98,932	151,035	SH		SOLE	0	151,035	0	0
EQUITABLE HLDGS INC COM	COM	29452E101	930	32,418	SH		SOLE	0	32,418	0	0
EQUITY LIFESTYLE PPTYS INC COM	COM	29472R108	2,583	39,987	SH		SOLE	0	39,987	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	2,480	42,033	SH		SOLE	0	42,033	0	0
ESSENTIAL PPTYS RLTY TR INC COM	COM	29670E107	36,707	1,564,009	SH		SOLE	0	1,564,009	0	0
ESSEX PPTY TR INC COM	COM	297178105	135,367	638,766	SH		SOLE	0	638,766	0	0
EVERSOURCE ENERGY COM	COM	30040W108	2,101	25,060	SH		SOLE	0	25,060	0	0
F G ANNUITIES LIFE INC COMMON STOCK ADDED	COM	30190A104	106	5,320	SH		SOLE	0	5,320	0	0
EXPEDIA GROUP INC COM NEW	COM	30212P303	2,866	32,718	SH		SOLE	0	32,718	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	12,837	123,530	SH		SOLE	0	123,530	0	0
EXTRA SPACE STORAGE INC COM	COM	30225T102	1,780	12,095	SH		SOLE	0	12,095	0	0
EXXON MOBIL CORP COM	COM	30231G102	293	2,654	SH		SOLE	0	2,654	0	0
FMC CORP COM NEW	COM	302491303	65,621	525,811	SH		SOLE	0	525,811	0	0
META PLATFORMS INC CL A	CLASS A	30303M102	917	7,620	SH		SOLE	0	7,620	0	0
FACTSET RESH SYS INC COM	COM	303075105	2,301	5,734	SH		SOLE	0	5,734	0	0
FAIR ISAAC CORP COM	COM	303250104	11,679	19,512	SH		SOLE	0	19,512	0	0
FASTENAL CO COM	COM	311900104	4,497	95,028	SH		SOLE	0	95,028	0	0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW	COM	313745101	1,234	12,215	SH		SOLE	0	12,215	0	0
FEDEX CORP COM	COM	31428X106	1,750	10,103	SH		SOLE	0	10,103	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	2,943	78,240	SH		SOLE	0	78,240	0	0
FIFTH THIRD BANCORP COM	COM	316773100	571	17,398	SH		SOLE	0	17,398	0	0
FIRST REP BK SAN FRANCISCO C COM	COM	33616C100	352	2,891	SH		SOLE	0	2,891	0	0
FISERV INC COM	COM	337738108	419	4,142	SH		SOLE	0	4,142	0	0
FLEETCOR TECHNOLOGIES INC COM	COM	339041105	4,997	27,206	SH		SOLE	0	27,206	0	0
FORTINET INC COM	COM	34959E109	7,616	155,780	SH		SOLE	0	155,780	0	0
FORTIVE CORP COM	COM	34959J108	4,561	70,990	SH		SOLE	0	70,990	0	0
FREEPORT-MCMORAN INC CL B	CLASS B	35671D857	3,363	88,510	SH		SOLE	0	88,510	0	0
GARTNER INC COM	COM	366651107	15,445	45,947	SH		SOLE	0	45,947	0	0
GENERAL MLS INC COM	COM	370334104	1,234	14,721	SH		SOLE	0	14,721	0	0
GENTEX CORP COM	COM	371901109	7,149	262,141	SH		SOLE	0	262,141	0	0
GENUINE PARTS CO COM	COM	372460105	18,703	107,791	SH		SOLE	0	107,791	0	0
GILEAD SCIENCES INC COM	COM	375558103	7,749	90,258	SH		SOLE	0	90,258	0	0
GLOBE LIFE INC COM	COM	37959E102	7,059	58,560	SH		SOLE	0	58,560	0	0
GODADDY INC CL A	CLASS A	380237107	2,550	34,085	SH		SOLE	0	34,085	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	1,141	3,322	SH		SOLE	0	3,322	0	0
GRAINGER W W INC COM	COM	384802104	12,549	22,560	SH		SOLE	0	22,560	0	0
HCA HEALTHCARE INC COM	COM	40412C101	617	2,571	SH		SOLE	0	2,571	0	0
HAIN CELESTIAL GROUP INC COM	COM	405217100	43,094	2,663,423	SH		SOLE	0	2,663,423	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	6,164	81,292	SH		SOLE	0	81,292	0	0
HASBRO INC COM	COM	418056107	193	3,159	SH		SOLE	0	3,159	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	102,695	4,096,330	SH		SOLE	0	4,096,330	0	0
HEICO CORP NEW COM	COM	422806109	6,093	39,656	SH		SOLE	0	39,656	0	0
HENRY JACK ASSOC INC COM	COM	426281101	7,668	43,680	SH		SOLE	0	43,680	0	0
HERSHEY CO COM	COM	427866108	10,533	45,487	SH		SOLE	0	45,487	0	0
HEWLETT PACKARD ENTERPRISE C COM	COM	42824C109	1,260	78,931	SH		SOLE	0	78,931	0	0
HOLOGIC INC COM	COM	436440101	8,431	112,700	SH		SOLE	0	112,700	0	0
HOME DEPOT INC COM	COM	437076102	14,341	45,404	SH		SOLE	0	45,404	0	0
HOWMET AEROSPACE INC COM	COM	443201108	2,036	51,664	SH		SOLE	0	51,664	0	0
HUDSON PAC PPTYS INC COM	COM	444097109	10,684	1,098,062	SH		SOLE	0	1,098,062	0	0
HUMANA INC COM	COM	444859102	7,790	15,210	SH		SOLE	0	15,210	0	0
HUNT J B TRANS SVCS INC COM	COM	445658107	6,588	37,782	SH		SOLE	0	37,782	0	0
HUNTINGTON BANCSHARES INC COM	COM	446150104	1,792	127,068	SH		SOLE	0	127,068	0	0
IDEX CORP COM	COM	45167R104	11,850	51,900	SH		SOLE	0	51,900	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	15,295	69,430	SH		SOLE	0	69,430	0	0
ILLUMINA INC COM	COM	452327109	21,189	104,793	SH		SOLE	0	104,793	0	0
INCYTE CORP COM	COM	45337C102	19,793	246,429	SH		SOLE	0	246,429	0	0
INGREDION INC COM	COM	457187102	1,633	16,672	SH		SOLE	0	16,672	0	0
INTERPUBLIC GROUP COS INC COM	COM	460690100	2,393	71,828	SH		SOLE	0	71,828	0	0
INVITATION HOMES INC COM	COM	46187W107	128,765	4,344,304	SH		SOLE	0	4,344,304	0	0
IQVIA HLDGS INC COM	COM	46266C105	4,240	20,693	SH		SOLE	0	20,693	0	0
ITRON INC COM	COM	465741106	44,192	872,489	SH		SOLE	0	872,489	0	0
JPMORGAN CHASE CO COM	COM	46625H100	16,222	120,968	SH		SOLE	0	120,968	0	0
JEFFERIES FINL GROUP INC COM	COM	47233W109	1,694	49,404	SH		SOLE	0	49,404	0	0
JUNIPER NETWORKS INC COM	COM	48203R104	418	13,084	SH		SOLE	0	13,084	0	0
KLA CORP COM NEW	COM	482480100	12,314	32,660	SH		SOLE	0	32,660	0	0
KELLOGG CO COM	COM	487836108	1,838	25,802	SH		SOLE	0	25,802	0	0
KEURIG DR PEPPER INC COM	COM	49271V100	1,775	49,786	SH		SOLE	0	49,786	0	0
KEYCORP COM	COM	493267108	2,071	118,868	SH		SOLE	0	118,868	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	11,566	67,608	SH		SOLE	0	67,608	0	0
KILROY RLTY CORP COM	COM	49427F108	74,211	1,919,078	SH		SOLE	0	1,919,078	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	1,622	11,950	SH		SOLE	0	11,950	0	0
LKQ CORP COM	COM	501889208	8,060	150,903	SH		SOLE	0	150,903	0	0
LABORATORY CORP AMER HLDGS COM NEW	COM	50540R409	4,142	17,590	SH		SOLE	0	17,590	0	0
LAM RESEARCH CORP COM	COM	512807108	3,808	9,061	SH		SOLE	0	9,061	0	0
LAMB WESTON HLDGS INC COM	COM	513272104	2,116	23,676	SH		SOLE	0	23,676	0	0
LAUDER ESTEE COS INC CL A	CLASS A	518439104	160	646	SH		SOLE	0	646	0	0
LENNAR CORP CL A	CLASS A	526057104	679	7,502	SH		SOLE	0	7,502	0	0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM	COM	531229607	5,444	139,118	SH		SOLE	0	139,118	0	0
LIFE STORAGE INC COM	COM	53223X107	89,759	911,260	SH		SOLE	0	911,260	0	0
LILLY ELI CO COM	COM	532457108	10,145	27,732	SH		SOLE	0	27,732	0	0
LOEWS CORP COM	COM	540424108	10,208	175,007	SH		SOLE	0	175,007	0	0
LOWES COS INC COM	COM	548661107	20,134	101,056	SH		SOLE	0	101,056	0	0
MGM RESORTS INTERNATIONAL COM	COM	552953101	1,586	47,313	SH		SOLE	0	47,313	0	0
MSCI INC COM	COM	55354G100	3,266	7,021	SH		SOLE	0	7,021	0	0
MANPOWERGROUP INC WIS COM	COM	56418H100	3,909	46,976	SH		SOLE	0	46,976	0	0
MARATHON OIL CORP COM	COM	565849106	3,147	116,255	SH		SOLE	0	116,255	0	0
MARATHON PETE CORP COM	COM	56585A102	9,179	78,865	SH		SOLE	0	78,865	0	0
MARKEL CORP COM	COM	570535104	6,075	4,611	SH		SOLE	0	4,611	0	0
MARSH MCLENNAN COS INC COM	COM	571748102	7,892	47,689	SH		SOLE	0	47,689	0	0
MASCO CORP COM	COM	574599106	3,230	69,200	SH		SOLE	0	69,200	0	0
MASTERCARD INCORPORATED CL A	CLASS A	57636Q104	19,372	55,709	SH		SOLE	0	55,709	0	0
MCCORMICK CO INC COM NON VTG	COM	579780206	1,240	14,958	SH		SOLE	0	14,958	0	0
MCDONALDS CORP COM	COM	580135101	22,360	84,848	SH		SOLE	0	84,848	0	0
MCKESSON CORP COM	COM	58155Q103	21,796	58,104	SH		SOLE	0	58,104	0	0
MERCADOLIBRE INC COM	COM	58733R102	1,209	1,429	SH		SOLE	0	1,429	0	0
MERCK CO INC COM	COM	58933Y105	13,871	125,022	SH		SOLE	0	125,022	0	0
METLIFE INC COM	COM	59156R108	7,758	107,201	SH		SOLE	0	107,201	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	18,755	12,975	SH		SOLE	0	12,975	0	0
MICROSOFT CORP COM	COM	594918104	94,869	395,586	SH		SOLE	0	395,586	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	209	2,980	SH		SOLE	0	2,980	0	0
MID-AMER APT CMNTYS INC COM	COM	59522J103	4,919	31,331	SH		SOLE	0	31,331	0	0
MODERNA INC COM	COM	60770K107	9,170	51,052	SH		SOLE	0	51,052	0	0
MOLINA HEALTHCARE INC COM	COM	60855R100	3,105	9,402	SH		SOLE	0	9,402	0	0
MOLSON COORS BEVERAGE CO CL B	CLASS B	60871R209	696	13,510	SH		SOLE	0	13,510	0	0
MONDELEZ INTL INC CL A	CLASS A	609207105	8,390	125,882	SH		SOLE	0	125,882	0	0
MONSTER BEVERAGE CORP NEW COM	COM	61174X109	162	1,599	SH		SOLE	0	1,599	0	0
MORGAN STANLEY COM NEW	COM	617446448	1,848	21,739	SH		SOLE	0	21,739	0	0
MOSAIC CO NEW COM	COM	61945C103	373	8,494	SH		SOLE	0	8,494	0	0
MOTOROLA SOLUTIONS INC COM NEW	COM	620076307	8,484	32,921	SH		SOLE	0	32,921	0	0
MUELLER WTR PRODS INC COM SER A	COM	624758108	19,609	1,822,388	SH		SOLE	0	1,822,388	0	0
NVR INC COM	COM	62944T105	3,985	864	SH		SOLE	0	864	0	0
NASDAQ INC COM	COM	631103108	812	13,232	SH		SOLE	0	13,232	0	0
NATIONAL RETAIL PROPERTIES I COM	COM	637417106	114,594	2,504,236	SH		SOLE	0	2,504,236	0	0
NETAPP INC COM	COM	64110D104	5,260	87,584	SH		SOLE	0	87,584	0	0
NEWS CORP NEW CL A	CLASS A	65249B109	2,353	129,263	SH		SOLE	0	129,263	0	0
NEXTERA ENERGY INC COM	COM	65339F101	22,154	265,000	SH		SOLE	0	265,000	0	0
NORFOLK SOUTHN CORP COM	COM	655844108	7,676	31,149	SH		SOLE	0	31,149	0	0
GEN DIGITAL INC COM	COM	668771108	2,107	98,312	SH		SOLE	0	98,312	0	0
NUCOR CORP COM	COM	670346105	11,568	87,766	SH		SOLE	0	87,766	0	0
OREILLY AUTOMOTIVE INC COM	COM	67103H107	15,669	18,565	SH		SOLE	0	18,565	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	8,243	29,046	SH		SOLE	0	29,046	0	0
OMNICOM GROUP INC COM	COM	681919106	3,596	44,086	SH		SOLE	0	44,086	0	0
ORACLE CORP COM	COM	68389X105	2,137	26,146	SH		SOLE	0	26,146	0	0
ORGANON CO COMMON STOCK	COM	68622V106	2,204	78,907	SH		SOLE	0	78,907	0	0
OTIS WORLDWIDE CORP COM	COM	68902V107	8,523	108,842	SH		SOLE	0	108,842	0	0
OWENS CORNING NEW COM	COM	690742101	51,607	605,010	SH		SOLE	0	605,010	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	7,282	46,109	SH		SOLE	0	46,109	0	0
PPG INDS INC COM	COM	693506107	3,792	30,156	SH		SOLE	0	30,156	0	0
PTC INC COM	COM	69370C100	381	3,175	SH		SOLE	0	3,175	0	0
PACCAR INC COM	COM	693718108	5,372	54,275	SH		SOLE	0	54,275	0	0
PACKAGING CORP AMER COM	COM	695156109	1,374	10,739	SH		SOLE	0	10,739	0	0
PALO ALTO NETWORKS INC COM	COM	697435105	3,943	28,255	SH		SOLE	0	28,255	0	0
PARK HOTELS RESORTS INC COM	COM	700517105	85,662	7,265,635	SH		SOLE	0	7,265,635	0	0
PARKER-HANNIFIN CORP COM	COM	701094104	7,012	24,096	SH		SOLE	0	24,096	0	0
PAYCHEX INC COM	COM	704326107	5,477	47,393	SH		SOLE	0	47,393	0	0
PEBBLEBROOK HOTEL TR COM	COM	70509V100	11,700	873,765	SH		SOLE	0	873,765	0	0
PEPSICO INC COM	COM	713448108	21,150	117,071	SH		SOLE	0	117,071	0	0
PERKINELMER INC COM	COM	714046109	1,346	9,597	SH		SOLE	0	9,597	0	0
PFIZER INC COM	COM	717081103	13,927	271,794	SH		SOLE	0	271,794	0	0
PHILLIPS 66 COM	COM	718546104	3,098	29,765	SH		SOLE	0	29,765	0	0
PIONEER NAT RES CO COM	COM	723787107	13,437	58,834	SH		SOLE	0	58,834	0	0
PRINCIPAL FINANCIAL GROUP IN COM	COM	74251V102	5,983	71,294	SH		SOLE	0	71,294	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	20,498	135,247	SH		SOLE	0	135,247	0	0
PROLOGIS INC. COM	COM	74340W103	213,635	1,895,100	SH		SOLE	0	1,895,100	0	0
PRUDENTIAL FINL INC COM	COM	744320102	3,108	31,253	SH		SOLE	0	31,253	0	0
PUBLIC STORAGE COM	COM	74460D109	42,227	150,710	SH		SOLE	0	150,710	0	0
PULTE GROUP INC COM	COM	745867101	412	9,058	SH		SOLE	0	9,058	0	0
QORVO INC COM	COM	74736K101	808	8,912	SH		SOLE	0	8,912	0	0
QUALCOMM INC COM	COM	747525103	1,066	9,698	SH		SOLE	0	9,698	0	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	4,046	25,864	SH		SOLE	0	25,864	0	0
REALTY INCOME CORP COM	COM	756109104	80,911	1,275,590	SH		SOLE	0	1,275,590	0	0
REGENCY CTRS CORP COM	COM	758849103	88,953	1,423,242	SH		SOLE	0	1,423,242	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	34,461	47,763	SH		SOLE	0	47,763	0	0
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	2,924	135,644	SH		SOLE	0	135,644	0	0
REPUBLIC SVCS INC COM	COM	760759100	147	1,141	SH		SOLE	0	1,141	0	0
REXFORD INDL RLTY INC COM	COM	76169C100	117,586	2,152,020	SH		SOLE	0	2,152,020	0	0
ROBERT HALF INTL INC COM	COM	770323103	5,460	73,957	SH		SOLE	0	73,957	0	0
ROLLINS INC COM	COM	775711104	3,420	93,587	SH		SOLE	0	93,587	0	0
ROPER TECHNOLOGIES INC COM	COM	776696106	3,489	8,074	SH		SOLE	0	8,074	0	0
SEI INVTS CO COM	COM	784117103	11,496	197,185	SH		SOLE	0	197,185	0	0
SS C TECHNOLOGIES HLDGS INC COM	COM	78467J100	2,607	50,082	SH		SOLE	0	50,082	0	0
HENRY SCHEIN INC COM	COM	806407102	8,901	111,448	SH		SOLE	0	111,448	0	0
SCHLUMBERGER LTD COM STK	COM	806857108	2,057	38,483	SH		SOLE	0	38,483	0	0
SEMPRA COM	COM	816851109	3,645	23,587	SH		SOLE	0	23,587	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	2,150	9,060	SH		SOLE	0	9,060	0	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	127,913	1,088,809	SH		SOLE	0	1,088,809	0	0
SIRIUS XM HOLDINGS INC COM	COM	82968B103	5,541	948,843	SH		SOLE	0	948,843	0	0
SITE CTRS CORP COM	COM	82981J109	99,345	7,272,691	SH		SOLE	0	7,272,691	0	0
SMUCKER J M CO COM NEW	COM	832696405	350	2,206	SH		SOLE	0	2,206	0	0
SNAP ON INC COM	COM	833034101	10,691	46,791	SH		SOLE	0	46,791	0	0
SOLAREDGE TECHNOLOGIES INC COM	COM	83417M104	15,145	53,464	SH		SOLE	0	53,464	0	0
SPROUTS FMRS MKT INC COM	COM	85208M102	52,798	1,631,073	SH		SOLE	0	1,631,073	0	0
STARBUCKS CORP COM	COM	855244109	6,484	65,367	SH		SOLE	0	65,367	0	0
STEEL DYNAMICS INC COM	COM	858119100	9,027	92,390	SH		SOLE	0	92,390	0	0
STRYKER CORPORATION COM	COM	863667101	155	633	SH		SOLE	0	633	0	0
SUN CMNTYS INC COM	COM	866674104	9,680	67,693	SH		SOLE	0	67,693	0	0
SUNRUN INC COM	COM	86771W105	12,773	531,778	SH		SOLE	0	531,778	0	0
SYNOPSYS INC COM	COM	871607107	7,410	23,209	SH		SOLE	0	23,209	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	2,381	72,461	SH		SOLE	0	72,461	0	0
SYSCO CORP COM	COM	871829107	4,180	54,678	SH		SOLE	0	54,678	0	0
TJX COS INC NEW COM	COM	872540109	1,317	16,551	SH		SOLE	0	16,551	0	0
TELEDYNE TECHNOLOGIES INC COM	COM	879360105	180	449	SH		SOLE	0	449	0	0
TERADYNE INC COM	COM	880770102	7,109	81,389	SH		SOLE	0	81,389	0	0
TERRENO RLTY CORP COM	COM	88146M101	100,722	1,771,084	SH		SOLE	0	1,771,084	0	0
TESLA INC COM	COM	88160R101	4,627	37,561	SH		SOLE	0	37,561	0	0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS	ADS	881624209	14,711	1,613,034	SH		SOLE	0	1,613,034	0	0
TEXAS INSTRS INC COM	COM	882508104	7,561	45,765	SH		SOLE	0	45,765	0	0
THE TRADE DESK INC COM CL A	CLASS A	88339J105	593	13,225	SH		SOLE	0	13,225	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	117,382	213,154	SH		SOLE	0	213,154	0	0
3M CO COM	COM	88579Y101	4,092	34,120	SH		SOLE	0	34,120	0	0
TRACTOR SUPPLY CO COM	COM	892356106	659	2,928	SH		SOLE	0	2,928	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	9,588	51,137	SH		SOLE	0	51,137	0	0
TRIMBLE INC COM	COM	896239100	1,097	21,694	SH		SOLE	0	21,694	0	0
TRUIST FINL CORP COM	COM	89832Q109	3,553	82,574	SH		SOLE	0	82,574	0	0
TYSON FOODS INC CL A	CLASS A	902494103	2,938	47,193	SH		SOLE	0	47,193	0	0
UDR INC COM	COM	902653104	116,523	3,008,595	SH		SOLE	0	3,008,595	0	0
US BANCORP DEL COM NEW	COM	902973304	4,849	111,179	SH		SOLE	0	111,179	0	0
UBIQUITI INC COM	COM	90353W103	2,095	7,658	SH		SOLE	0	7,658	0	0
ULTA BEAUTY INC COM	COM	90384S303	7,180	15,306	SH		SOLE	0	15,306	0	0
UNION PAC CORP COM	COM	907818108	12,843	62,022	SH		SOLE	0	62,022	0	0
UNITED PARCEL SERVICE INC CL B	CLASS B	911312106	16,748	96,339	SH		SOLE	0	96,339	0	0
UNITED RENTALS INC COM	COM	911363109	4,280	12,042	SH		SOLE	0	12,042	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	35,252	66,491	SH		SOLE	0	66,491	0	0
UNIVERSAL HLTH SVCS INC CL B	CLASS B	913903100	405	2,877	SH		SOLE	0	2,877	0	0
VALERO ENERGY CORP COM	COM	91913Y100	10,912	86,015	SH		SOLE	0	86,015	0	0
VENTAS INC COM	COM	92276F100	985	21,855	SH		SOLE	0	21,855	0	0
VERISIGN INC COM	COM	92343E102	10,634	51,763	SH		SOLE	0	51,763	0	0
VERISK ANALYTICS INC COM	COM	92345Y106	4,157	23,565	SH		SOLE	0	23,565	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	2,280	7,896	SH		SOLE	0	7,896	0	0
VICI PPTYS INC COM	COM	925652109	4,124	127,299	SH		SOLE	0	127,299	0	0
VISA INC COM CL A	CLASS A	92826C839	22,710	109,311	SH		SOLE	0	109,311	0	0
VONTIER CORPORATION COM	COM	928881101	2,127	110,016	SH		SOLE	0	110,016	0	0
VOYA FINANCIAL INC COM	COM	929089100	3,379	54,954	SH		SOLE	0	54,954	0	0
WP CAREY INC COM	COM	92936U109	138,574	1,773,176	SH		SOLE	0	1,773,176	0	0
WABTEC COM	COM	929740108	3,243	32,496	SH		SOLE	0	32,496	0	0
WASTE MGMT INC DEL COM	COM	94106L109	4,004	25,525	SH		SOLE	0	25,525	0	0
WATERS CORP COM	COM	941848103	9,226	26,932	SH		SOLE	0	26,932	0	0
WELLTOWER INC COM	COM	95040Q104	178,531	2,723,584	SH		SOLE	0	2,723,584	0	0
WEST PHARMACEUTICAL SVSC INC COM	COM	955306105	3,428	14,567	SH		SOLE	0	14,567	0	0
WESTERN UN CO COM	COM	959802109	2,641	191,758	SH		SOLE	0	191,758	0	0
WESTLAKE CORPORATION COM	COM	960413102	226	2,203	SH		SOLE	0	2,203	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM	962166104	5,002	161,358	SH		SOLE	0	161,358	0	0
WHIRLPOOL CORP COM	COM	963320106	727	5,137	SH		SOLE	0	5,137	0	0
XYLEM INC COM	COM	98419M100	2,778	25,120	SH		SOLE	0	25,120	0	0
YUM BRANDS INC COM	COM	988498101	17,561	137,108	SH		SOLE	0	137,108	0	0
ZEBRA TECHNOLOGIES CORPORATI CL A	CLASS A	989207105	2,457	9,581	SH		SOLE	0	9,581	0	0
ZILLOW GROUP INC CL A	CLASS A	98954M101	469	15,032	SH		SOLE	0	15,032	0	0
ZIMMER BIOMET HOLDINGS INC COM	COM	98956P102	265	2,080	SH		SOLE	0	2,080	0	0
ZIONS BANCORPORATION N A COM	COM	989701107	2,010	40,885	SH		SOLE	0	40,885	0	0
ZOETIS INC CL A	CLASS A	98978V103	3,715	25,351	SH		SOLE	0	25,351	0	0
CBOE GLOBAL MKTS INC COM	COM	12503M108	1,652	13,163	SH		SOLE	0	13,163	0	0