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	7,097	66,497	SH		SOLE	0	66,497	0	0
AMDOCS LTD SHS	SHS	G02602103	13,903	144,775	SH		SOLE	0	144,775	0	0
AON PLC SHS CL A	CLASS A	G0403H108	7,164	22,721	SH		SOLE	0	22,721	0	0
ARCH CAP GROUP LTD ORD	ORD	G0450A105	7,076	104,257	SH		SOLE	0	104,257	0	0
ACCENTURE PLC IRELAND SHS CLASS A	CLASS A	G1151C101	6,885	24,088	SH		SOLE	0	24,088	0	0
CREDICORP LTD COM	COM	G2519Y108	711	5,367	SH		SOLE	0	5,367	0	0
COCA-COLA EUROPACIFIC PARTNE SHS	SHS	G25839104	10,511	177,583	SH		SOLE	0	177,583	0	0
EATON CORP PLC SHS	SHS	G29183103	948	5,535	SH		SOLE	0	5,535	0	0
EVEREST RE GROUP LTD COM	COM	G3223R108	4,900	13,686	SH		SOLE	0	13,686	0	0
ICON PLC SHS	SHS	G4705A100	479	2,241	SH		SOLE	0	2,241	0	0
JOHNSON CTLS INTL PLC SHS	SHS	G51502105	2,817	46,773	SH		SOLE	0	46,773	0	0
LIBERTY GLOBAL PLC SHS CL C	CLASS C	G5480U120	1,739	85,328	SH		SOLE	0	85,328	0	0
LINDE PLC SHS ADDED	SHS	G54950103	6,693	18,829	SH		SOLE	0	18,829	0	0
MEDTRONIC PLC SHS	SHS	G5960L103	85,073	1,055,236	SH		SOLE	0	1,055,236	0	0
PENTAIR PLC SHS	SHS	G7S00T104	27,065	489,679	SH		SOLE	0	489,679	0	0
ROYALTY PHARMA PLC SHS CLASS A	CLASS A	G7709Q104	3,932	109,125	SH		SOLE	0	109,125	0	0
TRANE TECHNOLOGIES PLC SHS	SHS	G8994E103	7,881	42,838	SH		SOLE	0	42,838	0	0
WILLIS TOWERS WATSON PLC LTD SHS	SHS	G96629103	4,277	18,407	SH		SOLE	0	18,407	0	0
CHUBB LIMITED COM	COM	H1467J104	11,758	60,552	SH		SOLE	0	60,552	0	0
GARMIN LTD SHS	SHS	H2906T109	1,695	16,795	SH		SOLE	0	16,795	0	0
TE CONNECTIVITY LTD SHS	SHS	H84989104	11,504	87,720	SH		SOLE	0	87,720	0	0
ADECOAGRO S A COM	COM	L00849106	36,405	4,500,000	SH		SOLE	0	4,500,000	0	0
CHECK POINT SOFTWARE TECH LT ORD	ORD	M22465104	8,811	67,775	SH		SOLE	0	67,775	0	0
LYONDELLBASELL INDUSTRIES N SHS - A -	CLASS A	N53745100	3,239	34,503	SH		SOLE	0	34,503	0	0
NXP SEMICONDUCTORS N V COM	COM	N6596X109	8,224	44,102	SH		SOLE	0	44,102	0	0
FLEX LTD ORD	ORD	Y2573F102	7,276	316,207	SH		SOLE	0	316,207	0	0
AFLAC INC COM	COM	001055102	9,915	153,668	SH		SOLE	0	153,668	0	0
ABBOTT LABS COM	COM	002824100	32,463	320,586	SH		SOLE	0	320,586	0	0
ACUITY BRANDS INC COM	COM	00508Y102	4,443	24,312	SH		SOLE	0	24,312	0	0
ADOBE SYSTEMS INCORPORATED COM	COM	00724F101	13,653	35,428	SH		SOLE	0	35,428	0	0
ADVANCE AUTO PARTS INC COM	COM	00751Y106	566	4,657	SH		SOLE	0	4,657	0	0
ADVANCED DRAIN SYS INC DEL COM	COM	00790R104	12,651	150,226	SH		SOLE	0	150,226	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	8,109	58,617	SH		SOLE	0	58,617	0	0
AIRBNB INC COM CL A	CLASS A	009066101	1,636	13,154	SH		SOLE	0	13,154	0	0
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	466	5,946	SH		SOLE	0	5,946	0	0
ALBEMARLE CORP COM	COM	012653101	14,378	65,045	SH		SOLE	0	65,045	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	70,191	558,888	SH		SOLE	0	558,888	0	0
ALLY FINL INC COM	COM	02005N100	731	28,666	SH		SOLE	0	28,666	0	0
ALPHABET INC CAP STK CL A	CLASS A	02079K305	56,438	544,085	SH		SOLE	0	544,085	0	0
AMAZON COM INC COM	COM	023135106	12,408	120,124	SH		SOLE	0	120,124	0	0
AMERICAN EXPRESS CO COM	COM	025816109	6,533	39,603	SH		SOLE	0	39,603	0	0
AMERICAN INTL GROUP INC COM NEW	COM	026874784	7,839	155,650	SH		SOLE	0	155,650	0	0
AMERICAN WTR WKS CO INC NEW COM	COM	030420103	21,294	145,362	SH		SOLE	0	145,362	0	0
AMERISOURCEBERGEN CORP COM	COM	03073E105	14,760	92,184	SH		SOLE	0	92,184	0	0
AMERIPRISE FINL INC COM	COM	03076C106	8,403	27,417	SH		SOLE	0	27,417	0	0
AMETEK INC COM	COM	031100100	12,133	83,485	SH		SOLE	0	83,485	0	0
AMGEN INC COM	COM	031162100	13,212	54,652	SH		SOLE	0	54,652	0	0
AMPHENOL CORP NEW CL A	CLASS A	032095101	9,447	115,603	SH		SOLE	0	115,603	0	0
ANALOG DEVICES INC COM	COM	032654105	1,228	6,229	SH		SOLE	0	6,229	0	0
ANNALY CAPITAL MANAGEMENT IN COM NEW	COM	035710839	2,398	125,472	SH		SOLE	0	125,472	0	0
ELEVANCE HEALTH INC COM	COM	036752103	10,290	22,378	SH		SOLE	0	22,378	0	0
APPLE INC COM	COM	037833100	144,994	879,282	SH		SOLE	0	879,282	0	0
APPLIED MATLS INC COM	COM	038222105	10,115	82,353	SH		SOLE	0	82,353	0	0
ARAMARK COM	COM	03852U106	1,872	52,298	SH		SOLE	0	52,298	0	0
ARCHER DANIELS MIDLAND CO COM	COM	039483102	26,615	334,103	SH		SOLE	0	334,103	0	0
ARGENX SE SPONSORED ADR	ADR	04016X101	16,612	44,586	SH		SOLE	0	44,586	0	0
ARROW ELECTRS INC COM	COM	042735100	8,228	65,890	SH		SOLE	0	65,890	0	0
ASSURANT INC COM	COM	04621X108	2,063	17,184	SH		SOLE	0	17,184	0	0
ATLASSIAN CORPORATION CL A	CLASS A	049468101	1,172	6,845	SH		SOLE	0	6,845	0	0
ATMOS ENERGY CORP COM	COM	049560105	2,973	26,464	SH		SOLE	0	26,464	0	0
AUTODESK INC COM	COM	052769106	7,985	38,358	SH		SOLE	0	38,358	0	0
AUTOLIV INC COM	COM	052800109	2,745	29,407	SH		SOLE	0	29,407	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	9,866	44,314	SH		SOLE	0	44,314	0	0
AUTOZONE INC COM	COM	053332102	13,741	5,590	SH		SOLE	0	5,590	0	0
AVALONBAY CMNTYS INC COM	COM	053484101	4,477	26,639	SH		SOLE	0	26,639	0	0
AVANGRID INC COM	COM	05351W103	2,558	64,132	SH		SOLE	0	64,132	0	0
AVERY DENNISON CORP COM	COM	053611109	8,970	50,133	SH		SOLE	0	50,133	0	0
BANK AMERICA CORP COM	COM	060505104	7,755	271,147	SH		SOLE	0	271,147	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	6,180	136,005	SH		SOLE	0	136,005	0	0
BATH BODY WORKS INC COM	COM	070830104	2,671	73,028	SH		SOLE	0	73,028	0	0
BECTON DICKINSON CO COM	COM	075887109	1,870	7,556	SH		SOLE	0	7,556	0	0
BERKLEY W R CORP COM	COM	084423102	3,901	62,664	SH		SOLE	0	62,664	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	COM	084670702	4,812	15,586	SH		SOLE	0	15,586	0	0
BEST BUY INC COM	COM	086516101	2,278	29,099	SH		SOLE	0	29,099	0	0
BIO-TECHNE CORP COM	COM	09073M104	274	3,688	SH		SOLE	0	3,688	0	0
BLACKROCK INC COM	COM	09247X101	462	690	SH		SOLE	0	690	0	0
BLOCK H R INC COM	COM	093671105	2,519	71,448	SH		SOLE	0	13,163	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	26,047	9,820	SH		SOLE	0	9,820	0	0
BORGWARNER INC COM	COM	099724106	5,393	109,813	SH		SOLE	0	109,813	0	0
BOSTON SCIENTIFIC CORP COM	COM	101137107	4,573	91,411	SH		SOLE	0	91,411	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	7,906	114,073	SH		SOLE	0	114,073	0	0
BRIXMOR PPTY GROUP INC COM	COM	11120U105	30,293	1,407,666	SH		SOLE	0	1,407,666	0	0
BROADRIDGE FINL SOLUTIONS IN COM	COM	11133T103	1,831	12,492	SH		SOLE	0	12,492	0	0
BROADCOM INC COM	COM	11135F101	4,047	6,309	SH		SOLE	0	6,309	0	0
BROWN FORMAN CORP CL B	CLASS B	115637209	6,209	96,608	SH		SOLE	0	96,608	0	0
CBRE GROUP INC CL A	CLASS A	12504L109	4,863	66,791	SH		SOLE	0	66,791	0	0
CDW CORP COM	COM	12514G108	10,876	55,804	SH		SOLE	0	55,804	0	0
CF INDS HLDGS INC COM	COM	125269100	9,148	126,190	SH		SOLE	0	126,190	0	0
C H ROBINSON WORLDWIDE INC COM NEW	COM	12541W209	4,705	47,345	SH		SOLE	0	47,345	0	0
THE CIGNA GROUP COM	COM	125523100	13,562	53,075	SH		SOLE	0	53,075	0	0
CNA FINL CORP COM	COM	126117100	3,162	81,008	SH		SOLE	0	81,008	0	0
CSX CORP COM	COM	126408103	4,977	166,222	SH		SOLE	0	166,222	0	0
CVS HEALTH CORP COM	COM	126650100	3,551	47,788	SH		SOLE	0	47,788	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	7,218	34,358	SH		SOLE	0	34,358	0	0
CAMDEN PPTY TR SH BEN INT	INT	133131102	124,239	1,185,039	SH		SOLE	0	1,185,039	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	2,556	26,581	SH		SOLE	0	26,581	0	0
CARDINAL HEALTH INC COM	COM	14149Y108	10,745	142,321	SH		SOLE	0	142,321	0	0
CARRIER GLOBAL CORPORATION COM	COM	14448C104	6,048	132,205	SH		SOLE	0	132,205	0	0
CATERPILLAR INC COM	COM	149123101	8,603	37,592	SH		SOLE	0	37,592	0	0
CELANESE CORP DEL COM	COM	150870103	3,179	29,193	SH		SOLE	0	29,193	0	0
CENTENE CORP DEL COM	COM	15135B101	4,219	66,745	SH		SOLE	0	66,745	0	0
CENTERPOINT ENERGY INC COM	COM	15189T107	890	30,223	SH		SOLE	0	30,223	0	0
CHARTER COMMUNICATIONS INC N CL A	CLASS A	16119P108	1,519	4,249	SH		SOLE	0	4,249	0	0
CHENIERE ENERGY INC COM NEW	COM	16411R208	7,660	48,605	SH		SOLE	0	48,605	0	0
CHEVRON CORP NEW COM	COM	166764100	19,895	121,937	SH		SOLE	0	121,937	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	2,228	1,304	SH		SOLE	0	1,304	0	0
CISCO SYS INC COM	COM	17275R102	11,717	224,138	SH		SOLE	0	224,138	0	0
CINTAS CORP COM	COM	172908105	17,950	38,795	SH		SOLE	0	38,795	0	0
CITIGROUP INC COM NEW	COM	172967424	7,917	168,833	SH		SOLE	0	168,833	0	0
CITIZENS FINL GROUP INC COM	COM	174610105	418	13,770	SH		SOLE	0	13,770	0	0
COCA COLA CO COM	COM	191216100	17,481	281,813	SH		SOLE	0	281,813	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CLASS A	192446102	4,900	80,413	SH		SOLE	0	80,413	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	3,622	48,195	SH		SOLE	0	48,195	0	0
COMCAST CORP NEW CL A	CLASS A	20030N101	5,144	135,695	SH		SOLE	0	135,695	0	0
COMERICA INC COM	COM	200340107	1,025	23,605	SH		SOLE	0	23,605	0	0
COMMERCE BANCSHARES INC COM	COM	200525103	5,768	98,854	SH		SOLE	0	98,854	0	0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR	ADR	20441A102	10,240	1,023,000	SH		SOLE	0	1,023,000	0	0
CONSOLIDATED EDISON INC COM	COM	209115104	3,522	36,811	SH		SOLE	0	36,811	0	0
CONSTELLATION BRANDS INC CL A	CLASS A	21036P108	2,559	11,328	SH		SOLE	0	11,328	0	0
COPART INC COM	COM	217204106	3,873	51,497	SH		SOLE	0	51,497	0	0
CORTEVA INC COM	COM	22052L104	48,238	799,835	SH		SOLE	0	799,835	0	0
COSTCO WHSL CORP NEW COM	COM	22160K105	1,261	2,538	SH		SOLE	0	2,538	0	0
COUSINS PPTYS INC COM NEW	COM	222795502	50,139	2,345,142	SH		SOLE	0	2,345,142	0	0
CUBESMART COM	COM	229663109	114,518	2,477,666	SH		SOLE	0	2,477,666	0	0
CUMMINS INC COM	COM	231021106	8,075	33,803	SH		SOLE	0	33,803	0	0
D R HORTON INC COM	COM	23331A109	5,141	52,628	SH		SOLE	0	52,628	0	0
DANAHER CORPORATION COM	COM	235851102	2,694	10,687	SH		SOLE	0	10,687	0	0
DARDEN RESTAURANTS INC COM	COM	237194105	3,056	19,698	SH		SOLE	0	19,698	0	0
DAVITA INC COM	COM	23918K108	928	11,441	SH		SOLE	0	11,441	0	0
DEERE CO COM	COM	244199105	6,384	15,461	SH		SOLE	0	15,461	0	0
DELL TECHNOLOGIES INC CL C	CLASS C	24703L202	2,340	58,193	SH		SOLE	0	58,193	0	0
DELTA AIR LINES INC DEL COM NEW	COM	247361702	2,262	64,770	SH		SOLE	0	64,770	0	0
DENTSPLY SIRONA INC COM	COM	24906P109	1,012	25,767	SH		SOLE	0	25,767	0	0
DEVON ENERGY CORP NEW COM	COM	25179M103	7,164	141,553	SH		SOLE	0	141,553	0	0
DIGITAL RLTY TR INC COM	COM	253868103	173,596	1,765,803	SH		SOLE	0	1,765,803	0	0
DISCOVER FINL SVCS COM	COM	254709108	4,645	46,991	SH		SOLE	0	46,991	0	0
DOCUSIGN INC COM	COM	256163106	2,496	42,806	SH		SOLE	0	42,806	0	0
DOMINOS PIZZA INC COM	COM	25754A201	4,793	14,531	SH		SOLE	0	14,531	0	0
DOVER CORP COM	COM	260003108	11,844	77,952	SH		SOLE	0	77,952	0	0
DOW INC COM	COM	260557103	3,912	71,366	SH		SOLE	0	71,366	0	0
DUPONT DE NEMOURS INC COM	COM	26614N102	1,784	24,855	SH		SOLE	0	24,855	0	0
EOG RES INC COM	COM	26875P101	8,654	75,496	SH		SOLE	0	75,496	0	0
EPR PPTYS COM SH BEN INT	INT	26884U109	54,074	1,419,270	SH		SOLE	0	1,419,270	0	0
EASTMAN CHEM CO COM	COM	277432100	3,508	41,598	SH		SOLE	0	41,598	0	0
ECOLAB INC COM	COM	278865100	4,612	27,860	SH		SOLE	0	27,860	0	0
EDWARDS LIFESCIENCES CORP COM	COM	28176E108	648	7,829	SH		SOLE	0	7,829	0	0
ELECTRONIC ARTS INC COM	COM	285512109	3,463	28,754	SH		SOLE	0	28,754	0	0
EMERSON ELEC CO COM	COM	291011104	4,559	52,316	SH		SOLE	0	52,316	0	0
EQUINIX INC COM	COM	29444U700	119,238	165,369	SH		SOLE	0	165,369	0	0
EQUITABLE HLDGS INC COM	COM	29452E101	1,631	64,243	SH		SOLE	0	64,243	0	0
EQUITY LIFESTYLE PPTYS INC COM	COM	29472R108	2,787	41,516	SH		SOLE	0	41,516	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	2,478	41,299	SH		SOLE	0	41,299	0	0
ESSENTIAL PPTYS RLTY TR INC COM	COM	29670E107	23,202	933,678	SH		SOLE	0	933,678	0	0
ESSEX PPTY TR INC COM	COM	297178105	135,987	650,218	SH		SOLE	0	650,218	0	0
EVERSOURCE ENERGY COM	COM	30040W108	790	10,098	SH		SOLE	0	10,098	0	0
F G ANNUITIES LIFE INC COMMON STOCK	COM	30190A104	96	5,320	SH		SOLE	0	5,320	0	0
EXPEDIA GROUP INC COM NEW	COM	30212P303	4,064	41,880	SH		SOLE	0	41,880	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	13,523	122,800	SH		SOLE	0	122,800	0	0
EXTRA SPACE STORAGE INC COM	COM	30225T102	81,542	500,475	SH		SOLE	0	500,475	0	0
EXXON MOBIL CORP COM	COM	30231G102	1,470	13,404	SH		SOLE	0	13,404	0	0
FMC CORP COM NEW	COM	302491303	64,217	525,811	SH		SOLE	0	525,811	0	0
META PLATFORMS INC CL A	CLASS A	30303M102	14,896	70,285	SH		SOLE	0	70,285	0	0
FACTSET RESH SYS INC COM	COM	303075105	2,380	5,734	SH		SOLE	0	5,734	0	0
FAIR ISAAC CORP COM	COM	303250104	13,156	18,723	SH		SOLE	0	18,723	0	0
FASTENAL CO COM	INT	311900104	6,255	115,953	SH		SOLE	0	115,953	0	0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW	COM	313745101	1,330	13,460	SH		SOLE	0	13,460	0	0
FEDEX CORP COM	COM	31428X106	2,187	9,570	SH		SOLE	0	9,570	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	2,683	76,809	SH		SOLE	0	76,809	0	0
FIFTH THIRD BANCORP COM	COM	316773100	505	18,942	SH		SOLE	0	18,942	0	0
FIRST REP BK SAN FRANCISCO C COM	COM	33616C100	29	2,102	SH		SOLE	0	2,102	0	0
FISERV INC COM	COM	337738108	923	8,168	SH		SOLE	0	8,168	0	0
FLEETCOR TECHNOLOGIES INC COM	COM	339041105	5,683	26,954	SH		SOLE	0	26,954	0	0
FORTINET INC COM	COM	34959E109	11,475	172,663	SH		SOLE	0	172,663	0	0
FORTIVE CORP COM	COM	34959J108	4,893	71,780	SH		SOLE	0	71,780	0	0
FORTUNE BRANDS INNOVATIONS I COM	COM	34964C106	198	3,370	SH		SOLE	0	3,370	0	0
FRANKLIN RESOURCES INC COM	COM	354613101	597	22,170	SH		SOLE	0	22,170	0	0
FREEPORT-MCMORAN INC CL B	CLASS B	35671D857	3,048	74,498	SH		SOLE	0	74,498	0	0
GARTNER INC COM	COM	366651107	14,873	45,656	SH		SOLE	0	45,656	0	0
GENERAL ELECTRIC CO COM NEW	COM	369604301	2,329	24,363	SH		SOLE	0	24,363	0	0
GENTEX CORP COM	COM	371901109	7,296	260,276	SH		SOLE	0	260,276	0	0
GENUINE PARTS CO COM	COM	372460105	17,503	104,613	SH		SOLE	0	104,613	0	0
GILEAD SCIENCES INC COM	COM	375558103	6,954	83,810	SH		SOLE	0	83,810	0	0
GLOBE LIFE INC COM	COM	37959E102	6,392	58,099	SH		SOLE	0	58,099	0	0
GODADDY INC CL A	CLASS A	380237107	2,829	36,399	SH		SOLE	0	36,399	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	3,664	11,200	SH		SOLE	0	11,200	0	0
GRAINGER W W INC COM	COM	384802104	15,183	22,042	SH		SOLE	0	22,042	0	0
HCA HEALTHCARE INC COM	COM	40412C101	1,700	6,449	SH		SOLE	0	6,449	0	0
HAIN CELESTIAL GROUP INC COM	COM	405217100	49,693	2,897,522	SH		SOLE	0	2,897,522	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	5,665	81,291	SH		SOLE	0	81,291	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	98,245	4,471,801	SH		SOLE	0	4,471,801	0	0
HEICO CORP NEW COM	COM	422806109	6,783	39,656	SH		SOLE	0	39,656	0	0
HENRY JACK ASSOC INC COM	COM	426281101	6,248	41,456	SH		SOLE	0	41,456	0	0
HERSHEY CO COM	COM	427866108	5,576	21,919	SH		SOLE	0	21,919	0	0
HESS CORP COM	COM	42809H107	140	1,061	SH		SOLE	0	1,061	0	0
HEWLETT PACKARD ENTERPRISE C COM	COM	42824C109	1,257	78,931	SH		SOLE	0	78,931	0	0
HILTON WORLDWIDE HLDGS INC COM	COM	43300A203	2,473	17,558	SH		SOLE	0	17,558	0	0
HOLOGIC INC COM	COM	436440101	9,095	112,700	SH		SOLE	0	112,700	0	0
HOME DEPOT INC COM	COM	437076102	12,670	42,931	SH		SOLE	0	42,931	0	0
HOST HOTELS RESORTS INC COM	COM	44107P104	1,457	88,353	SH		SOLE	0	88,353	0	0
HOWMET AEROSPACE INC COM	COM	443201108	2,315	54,646	SH		SOLE	0	54,646	0	0
HUMANA INC COM	COM	444859102	7,191	14,813	SH		SOLE	0	14,813	0	0
HUNT J B TRANS SVCS INC COM	COM	445658107	6,356	36,225	SH		SOLE	0	36,225	0	0
HUNTINGTON BANCSHARES INC COM	COM	446150104	1,482	132,318	SH		SOLE	0	132,318	0	0
IDEX CORP COM	COM	45167R104	11,784	51,005	SH		SOLE	0	51,005	0	0
IDEXX LABS INC COM	COM	45168D104	895	1,789	SH		SOLE	0	1,789	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	16,849	69,208	SH		SOLE	0	69,208	0	0
ILLUMINA INC COM	COM	452327109	27,007	116,134	SH		SOLE	0	116,134	0	0
INGERSOLL RAND INC COM	COM	45687V106	376	6,460	SH		SOLE	0	6,460	0	0
INGREDION INC COM	COM	457187102	1,696	16,672	SH		SOLE	0	16,672	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	419	3,195	SH		SOLE	0	3,195	0	0
INTERPUBLIC GROUP COS INC COM	COM	460690100	2,785	74,774	SH		SOLE	0	74,774	0	0
INVITATION HOMES INC COM	COM	46187W107	150,557	4,820,913	SH		SOLE	0	4,820,913	0	0
IQVIA HLDGS INC COM	COM	46266C105	4,212	21,178	SH		SOLE	0	21,178	0	0
IRON MTN INC DEL COM	COM	46284V101	845	15,972	SH		SOLE	0	15,972	0	0
ITRON INC COM	COM	465741106	48,380	872,489	SH		SOLE	0	872,489	0	0
JPMORGAN CHASE CO COM	COM	46625H100	19,736	151,452	SH		SOLE	0	151,452	0	0
JEFFERIES FINL GROUP INC COM	COM	47233W109	1,658	52,248	SH		SOLE	0	52,248	0	0
JUNIPER NETWORKS INC COM	COM	48203R104	450	13,084	SH		SOLE	0	13,084	0	0
KLA CORP COM NEW	COM	482480100	13,243	33,176	SH		SOLE	0	33,176	0	0
KEURIG DR PEPPER INC COM	COM	49271V100	1,232	34,907	SH		SOLE	0	34,907	0	0
KEYCORP COM	COM	493267108	1,488	118,868	SH		SOLE	0	118,868	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	10,833	67,083	SH		SOLE	0	67,083	0	0
KILROY RLTY CORP COM	COM	49427F108	62,178	1,919,078	SH		SOLE	0	1,919,078	0	0
KIMCO RLTY CORP COM	COM	49446R109	995	50,940	SH		SOLE	0	50,940	0	0
LKQ CORP COM	COM	501889208	8,679	152,901	SH		SOLE	0	152,901	0	0
LABORATORY CORP AMER HLDGS COM NEW	COM	50540R409	4,035	17,590	SH		SOLE	0	17,590	0	0
LAM RESEARCH CORP COM	COM	512807108	5,079	9,580	SH		SOLE	0	9,580	0	0
LAMB WESTON HLDGS INC COM	COM	513272104	2,621	25,073	SH		SOLE	0	25,073	0	0
LENNAR CORP CL A	CLASS A	526057104	4,892	46,540	SH		SOLE	0	46,540	0	0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM	COM	531229607	3,894	139,118	SH		SOLE	0	139,118	0	0
LIFE STORAGE INC COM	COM	53223X107	33,053	252,140	SH		SOLE	0	252,140	0	0
LILLY ELI CO COM	COM	532457108	12,921	37,624	SH		SOLE	0	37,624	0	0
LOEWS CORP COM	COM	540424108	9,368	161,465	SH		SOLE	0	161,465	0	0
LOWES COS INC COM	COM	548661107	20,265	101,341	SH		SOLE	0	101,341	0	0
MGM RESORTS INTERNATIONAL COM	COM	552953101	2,217	49,915	SH		SOLE	0	49,915	0	0
MSCI INC COM	COM	55354G100	3,988	7,125	SH		SOLE	0	7,125	0	0
MANPOWERGROUP INC WIS COM	COM	56418H100	3,877	46,976	SH		SOLE	0	46,976	0	0
MARATHON PETE CORP COM	COM	56585A102	11,214	83,174	SH		SOLE	0	83,174	0	0
MARKEL CORP COM	COM	570535104	5,529	4,328	SH		SOLE	0	4,328	0	0
MARSH MCLENNAN COS INC COM	COM	571748102	7,943	47,689	SH		SOLE	0	47,689	0	0
MARRIOTT INTL INC NEW CL A	CLASS A	571903202	2,856	17,202	SH		SOLE	0	17,202	0	0
MASCO CORP COM	COM	574599106	4,011	80,665	SH		SOLE	0	80,665	0	0
MASTERCARD INCORPORATED CL A	CLASS A	57636Q104	25,933	71,361	SH		SOLE	0	71,361	0	0
MCDONALDS CORP COM	COM	580135101	18,274	65,356	SH		SOLE	0	65,356	0	0
MCKESSON CORP COM	COM	58155Q103	20,113	56,489	SH		SOLE	0	56,489	0	0
MERCADOLIBRE INC COM	COM	58733R102	2,573	1,952	SH		SOLE	0	1,952	0	0
MERCK CO INC COM	COM	58933Y105	10,554	99,200	SH		SOLE	0	99,200	0	0
METLIFE INC COM	COM	59156R108	6,237	107,638	SH		SOLE	0	107,638	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	19,854	12,975	SH		SOLE	0	12,975	0	0
MICROSOFT CORP COM	COM	594918104	112,877	391,526	SH		SOLE	0	391,526	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	4,795	57,238	SH		SOLE	0	57,238	0	0
MID-AMER APT CMNTYS INC COM	COM	59522J103	4,732	31,331	SH		SOLE	0	31,331	0	0
MODERNA INC COM	COM	60770K107	10,868	70,763	SH		SOLE	0	70,763	0	0
MOLINA HEALTHCARE INC COM	COM	60855R100	2,515	9,402	SH		SOLE	0	9,402	0	0
MOLSON COORS BEVERAGE CO CL B	CLASS B	60871R209	592	11,452	SH		SOLE	0	11,452	0	0
MONDELEZ INTL INC CL A	CLASS A	609207105	6,830	97,969	SH		SOLE	0	97,969	0	0
MONSTER BEVERAGE CORP NEW COM	COM	61174X109	294	5,436	SH		SOLE	0	5,436	0	0
MORGAN STANLEY COM NEW	COM	617446448	3,642	41,479	SH		SOLE	0	41,479	0	0
MOSAIC CO NEW COM	COM	61945C103	1,419	30,929	SH		SOLE	0	30,929	0	0
MOTOROLA SOLUTIONS INC COM NEW	COM	620076307	9,420	32,921	SH		SOLE	0	32,921	0	0
MUELLER WTR PRODS INC COM SER A	COM	624758108	25,404	1,822,388	SH		SOLE	0	1,822,388	0	0
NVR INC COM	COM	62944T105	6,063	1,088	SH		SOLE	0	1,088	0	0
NASDAQ INC COM	COM	631103108	825	15,090	SH		SOLE	0	15,090	0	0
NATIONAL RETAIL PROPERTIES I COM	COM	637417106	107,081	2,425,393	SH		SOLE	0	2,425,393	0	0
NETAPP INC COM	COM	64110D104	5,539	86,758	SH		SOLE	0	86,758	0	0
NETFLIX INC COM	COM	64110L106	1,559	4,514	SH		SOLE	0	4,514	0	0
NEWS CORP NEW CL A	CLASS A	65249B109	2,232	129,263	SH		SOLE	0	129,263	0	0
NEXTERA ENERGY INC COM	COM	65339F101	20,426	265,000	SH		SOLE	0	265,000	0	0
NORFOLK SOUTHN CORP COM	COM	655844108	5,973	28,174	SH		SOLE	0	28,174	0	0
GEN DIGITAL INC COM	COM	668771108	1,447	84,308	SH		SOLE	0	84,308	0	0
NUCOR CORP COM	COM	670346105	12,728	82,397	SH		SOLE	0	82,397	0	0
OREILLY AUTOMOTIVE INC COM	COM	67103H107	15,683	18,473	SH		SOLE	0	18,473	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	9,797	28,744	SH		SOLE	0	28,744	0	0
OMNICOM GROUP INC COM	COM	681919106	4,105	43,516	SH		SOLE	0	43,516	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	3,351	40,711	SH		SOLE	0	40,711	0	0
ONEOK INC NEW COM	COM	682680103	496	7,813	SH		SOLE	0	7,813	0	0
ORACLE CORP COM	COM	68389X105	8,245	88,735	SH		SOLE	0	88,735	0	0
ORGANON CO COMMON STOCK	COM	68622V106	1,856	78,907	SH		SOLE	0	78,907	0	0
OTIS WORLDWIDE CORP COM	COM	68902V107	11,354	134,521	SH		SOLE	0	134,521	0	0
OWENS CORNING NEW COM	COM	690742101	57,960	605,010	SH		SOLE	0	605,010	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	5,860	46,109	SH		SOLE	0	46,109	0	0
PPG INDS INC COM	COM	693506107	3,767	28,201	SH		SOLE	0	28,201	0	0
PTC INC COM	COM	69370C100	407	3,175	SH		SOLE	0	3,175	0	0
PACCAR INC COM	COM	693718108	6,021	82,249	SH		SOLE	0	82,249	0	0
PACKAGING CORP AMER COM	COM	695156109	1,491	10,739	SH		SOLE	0	10,739	0	0
PALO ALTO NETWORKS INC COM	COM	697435105	6,035	30,216	SH		SOLE	0	30,216	0	0
PARK HOTELS RESORTS INC COM	COM	700517105	49,810	4,029,930	SH		SOLE	0	4,029,930	0	0
PARKER-HANNIFIN CORP COM	COM	701094104	8,099	24,096	SH		SOLE	0	24,096	0	0
PAYCHEX INC COM	COM	704326107	5,492	47,931	SH		SOLE	0	47,931	0	0
PEBBLEBROOK HOTEL TR COM	COM	70509V100	51,252	3,650,408	SH		SOLE	0	3,650,408	0	0
PEPSICO INC COM	COM	713448108	16,855	92,455	SH		SOLE	0	92,455	0	0
PERKINELMER INC COM	COM	714046109	1,147	8,609	SH		SOLE	0	8,609	0	0
PFIZER INC COM	COM	717081103	12,677	310,702	SH		SOLE	0	310,702	0	0
PHILLIPS 66 COM	COM	718546104	3,891	38,380	SH		SOLE	0	38,380	0	0
PIONEER NAT RES CO COM	COM	723787107	8,687	42,532	SH		SOLE	0	42,532	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	219	1,937	SH		SOLE	0	1,937	0	0
PRINCIPAL FINANCIAL GROUP IN COM	COM	74251V102	5,431	73,074	SH		SOLE	0	73,074	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	19,607	131,866	SH		SOLE	0	131,866	0	0
PROLOGIS INC. COM	COM	74340W103	249,855	2,002,524	SH		SOLE	0	2,002,524	0	0
PRUDENTIAL FINL INC COM	COM	744320102	2,586	31,253	SH		SOLE	0	31,253	0	0
PUBLIC STORAGE COM	COM	74460D109	51,279	169,720	SH		SOLE	0	169,720	0	0
PULTE GROUP INC COM	COM	745867101	4,397	75,441	SH		SOLE	0	75,441	0	0
QORVO INC COM	COM	74736K101	905	8,912	SH		SOLE	0	8,912	0	0
QUALCOMM INC COM	COM	747525103	7,176	56,245	SH		SOLE	0	56,245	0	0
QUANTA SVCS INC COM	COM	74762E102	256	1,538	SH		SOLE	0	1,538	0	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	3,990	28,205	SH		SOLE	0	28,205	0	0
REALTY INCOME CORP COM	COM	756109104	86,989	1,373,802	SH		SOLE	0	1,373,802	0	0
REGENCY CTRS CORP COM	COM	758849103	42,304	691,474	SH		SOLE	0	691,474	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	41,249	50,202	SH		SOLE	0	50,202	0	0
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	3,092	166,599	SH		SOLE	0	166,599	0	0
REPUBLIC SVCS INC COM	COM	760759100	356	2,636	SH		SOLE	0	2,636	0	0
REXFORD INDL RLTY INC COM	COM	76169C100	123,259	2,066,372	SH		SOLE	0	2,066,372	0	0
ROBERT HALF INTL INC COM	COM	770323103	5,881	72,992	SH		SOLE	0	72,992	0	0
ROLLINS INC COM	COM	775711104	3,512	93,587	SH		SOLE	0	93,587	0	0
ROPER TECHNOLOGIES INC COM	COM	776696106	2,851	6,470	SH		SOLE	0	6,470	0	0
SBA COMMUNICATIONS CORP NEW CL A	CLASS A	78410G104	414	1,584	SH		SOLE	0	1,584	0	0
SEI INVTS CO COM	COM	784117103	11,297	196,295	SH		SOLE	0	196,295	0	0
SS C TECHNOLOGIES HLDGS INC COM	COM	78467J100	2,828	50,082	SH		SOLE	0	50,082	0	0
HENRY SCHEIN INC COM	COM	806407102	9,087	111,448	SH		SOLE	0	111,448	0	0
SCHLUMBERGER LTD COM STK	COM	806857108	1,013	20,629	SH		SOLE	0	20,629	0	0
SEMPRA COM	COM	816851109	3,455	22,857	SH		SOLE	0	22,857	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	2,036	9,060	SH		SOLE	0	9,060	0	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	127,355	1,137,406	SH		SOLE	0	1,137,406	0	0
SIRIUS XM HOLDINGS INC COM	COM	82968B103	3,767	948,843	SH		SOLE	0	948,843	0	0
SITE CTRS CORP COM	COM	82981J109	97,644	7,951,504	SH		SOLE	0	7,951,504	0	0
SNAP ON INC COM	COM	833034101	11,552	46,791	SH		SOLE	0	46,791	0	0
SOLAREDGE TECHNOLOGIES INC COM	COM	83417M104	16,250	53,464	SH		SOLE	0	53,464	0	0
SPROUTS FMRS MKT INC COM	COM	85208M102	44,873	1,280,998	SH		SOLE	0	1,280,998	0	0
STARBUCKS CORP COM	COM	855244109	6,517	62,589	SH		SOLE	0	62,589	0	0
STATE STR CORP COM	COM	857477103	2,013	26,600	SH		SOLE	0	26,600	0	0
STEEL DYNAMICS INC COM	COM	858119100	10,195	90,170	SH		SOLE	0	90,170	0	0
STRYKER CORPORATION COM	COM	863667101	331	1,160	SH		SOLE	0	1,160	0	0
SUN CMNTYS INC COM	COM	866674104	1,807	12,830	SH		SOLE	0	12,830	0	0
SUNRUN INC COM	COM	86771W105	11,788	584,999	SH		SOLE	0	584,999	0	0
SYNOPSYS INC COM	COM	871607107	9,023	23,361	SH		SOLE	0	23,361	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	3,597	123,687	SH		SOLE	0	123,687	0	0
SYSCO CORP COM	COM	871829107	2,934	37,994	SH		SOLE	0	37,994	0	0
TJX COS INC NEW COM	COM	872540109	6,180	78,867	SH		SOLE	0	78,867	0	0
T-MOBILE US INC COM	COM	872590104	285	1,968	SH		SOLE	0	1,968	0	0
TELEDYNE TECHNOLOGIES INC COM	COM	879360105	201	449	SH		SOLE	0	449	0	0
TERADYNE INC COM	COM	880770102	8,426	78,375	SH		SOLE	0	78,375	0	0
TERRENO RLTY CORP COM	COM	88146M101	109,474	1,694,645	SH		SOLE	0	1,694,645	0	0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS	ADS	881624209	5,401	610,249	SH		SOLE	0	610,249	0	0
TEXAS INSTRS INC COM	COM	882508104	9,093	48,885	SH		SOLE	0	48,885	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	123,077	213,539	SH		SOLE	0	213,539	0	0
3M CO COM	COM	88579Y101	3,459	32,911	SH		SOLE	0	32,911	0	0
TRACTOR SUPPLY CO COM	COM	892356106	688	2,928	SH		SOLE	0	2,928	0	0
TRANSDIGM GROUP INC COM	COM	893641100	328	445	SH		SOLE	0	445	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	7,828	45,670	SH		SOLE	0	45,670	0	0
TRIMBLE INC COM	COM	896239100	1,083	20,660	SH		SOLE	0	20,660	0	0
TRUIST FINL CORP COM	COM	89832Q109	2,894	84,879	SH		SOLE	0	84,879	0	0
UDR INC COM	COM	902653104	106,611	2,596,466	SH		SOLE	0	2,596,466	0	0
US BANCORP DEL COM NEW	COM	902973304	3,887	107,812	SH		SOLE	0	107,812	0	0
UBIQUITI INC COM	COM	90353W103	2,081	7,658	SH		SOLE	0	7,658	0	0
ULTA BEAUTY INC COM	COM	90384S303	8,658	15,866	SH		SOLE	0	15,866	0	0
UNION PAC CORP COM	COM	907818108	6,978	34,672	SH		SOLE	0	34,672	0	0
UNITED AIRLS HLDGS INC COM	COM	910047109	850	19,218	SH		SOLE	0	19,218	0	0
UNITED PARCEL SERVICE INC CL B	CLASS B	911312106	10,746	55,393	SH		SOLE	0	55,393	0	0
UNITED RENTALS INC COM	COM	911363109	6,145	15,527	SH		SOLE	0	15,527	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	20,882	44,187	SH		SOLE	0	44,187	0	0
UNIVERSAL HLTH SVCS INC CL B	CLASS B	913903100	423	3,327	SH		SOLE	0	3,327	0	0
VALERO ENERGY CORP COM	COM	91913Y100	12,380	88,683	SH		SOLE	0	88,683	0	0
VENTAS INC COM	COM	92276F100	1,922	44,342	SH		SOLE	0	44,342	0	0
VERISIGN INC COM	COM	92343E102	11,412	54,003	SH		SOLE	0	54,003	0	0
VERISK ANALYTICS INC COM	COM	92345Y106	4,382	22,838	SH		SOLE	0	22,838	0	0
VICI PPTYS INC COM	COM	925652109	7,194	220,554	SH		SOLE	0	220,554	0	0
VISA INC COM CL A	CLASS A	92826C839	32,570	144,462	SH		SOLE	0	144,462	0	0
VONTIER CORPORATION COM	COM	928881101	3,008	110,016	SH		SOLE	0	110,016	0	0
VOYA FINANCIAL INC COM	COM	929089100	3,927	54,954	SH		SOLE	0	54,954	0	0
WP CAREY INC COM	COM	92936U109	140,161	1,809,698	SH		SOLE	0	1,809,698	0	0
WABTEC COM	COM	929740108	3,381	33,453	SH		SOLE	0	33,453	0	0
WASTE MGMT INC DEL COM	COM	94106L109	4,166	25,531	SH		SOLE	0	25,531	0	0
WATERS CORP COM	COM	941848103	8,339	26,932	SH		SOLE	0	26,932	0	0
WELLTOWER INC COM	COM	95040Q104	192,524	2,685,510	SH		SOLE	0	2,685,510	0	0
WEST PHARMACEUTICAL SVSC INC COM	COM	955306105	4,739	13,679	SH		SOLE	0	13,679	0	0
WESTERN UN CO COM	COM	959802109	2,138	191,758	SH		SOLE	0	191,758	0	0
WESTLAKE CORPORATION COM	COM	960413102	309	2,668	SH		SOLE	0	2,668	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM	962166104	6,365	211,262	SH		SOLE	0	211,262	0	0
WHIRLPOOL CORP COM	COM	963320106	678	5,137	SH		SOLE	0	5,137	0	0
XYLEM INC COM	COM	98419M100	2,791	26,660	SH		SOLE	0	26,660	0	0
YUM BRANDS INC COM	COM	988498101	17,766	134,512	SH		SOLE	0	134,512	0	0
ZEBRA TECHNOLOGIES CORPORATI CL A	CLASS A	989207105	2,903	9,129	SH		SOLE	0	9,129	0	0
ZILLOW GROUP INC CL A	CLASS A	98954M101	2,648	60,592	SH		SOLE	0	60,592	0	0
ZIMMER BIOMET HOLDINGS INC COM	COM	98956P102	2,248	17,401	SH		SOLE	0	17,401	0	0
ZIONS BANCORPORATION N A COM	COM	989701107	1,224	40,885	SH		SOLE	0	40,885	0	0
ZOETIS INC CL A	CLASS A	98978V103	4,219	25,351	SH		SOLE	0	25,351	0	0
CBOE GLOBAL MKTS INC COM	COM	12503M108	1,767	13,163	SH		SOLE	0	13,163	0	0