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	6,858	65,817	SH		SOLE	0	65,817	0	0
AMDOCS LTD SHS	SHS	G02602103	12,107	143,297	SH		SOLE	0	143,297	0	0
AON PLC SHS CL A	Class A	G0403H108	13,150	40,558	SH		SOLE	0	40,558	0	0
ARCH CAP GROUP LTD ORD	CLASS A	G0450A105	11,127	139,592	SH		SOLE	0	139,592	0	0
CREDICORP LTD COM	COM	G2519Y108	687	5,367	SH		SOLE	0	5,367	0	0
COCA-COLA EUROPACIFIC PARTNE SHS	SHS	G25839104	12,704	203,330	SH		SOLE	0	203,330	0	0
EATON CORP PLC SHS	SHS	G29183103	1,394	6,535	SH		SOLE	0	6,535	0	0
EVEREST GROUP LTD COM	COM	G3223R108	5,087	13,686	SH		SOLE	0	13,686	0	0
HORIZON THERAPEUTICS PUB L SHS	SHS	G46188101	1,156	9,989	SH		SOLE	0	9,989	0	0
JOHNSON CTLS INTL PLC SHS	SHS	G51502105	2,802	52,660	SH		SOLE	0	52,660	0	0
LINDE PLC SHS	SHS	G54950103	15,370	41,278	SH		SOLE	0	41,278	0	0
MEDTRONIC PLC SHS	SHS	G5960L103	79,120	1,009,701	SH		SOLE	0	1,009,701	0	0
PENTAIR PLC SHS	SHS	G7S00T104	25,603	395,420	SH		SOLE	0	395,420	0	0
ROYALTY PHARMA PLC SHS CLASS A	Class A	G7709Q104	2,374	87,484	SH		SOLE	0	87,484	0	0
TRANE TECHNOLOGIES PLC SHS	SHS	G8994E103	9,678	47,698	SH		SOLE	0	47,698	0	0
WILLIS TOWERS WATSON PLC LTD SHS	SHS	G96629103	3,943	18,868	SH		SOLE	0	18,868	0	0
CHUBB LIMITED COM	COM	H1467J104	10,717	51,481	SH		SOLE	0	51,481	0	0
GARMIN LTD SHS	SHS	H2906T109	3,094	29,412	SH		SOLE	0	29,412	0	0
TE CONNECTIVITY LTD SHS	SHS	H84989104	9,446	76,468	SH		SOLE	0	76,468	0	0
ADECOAGRO S A COM	COM	L00849106	52,605	4,500,000	SH		SOLE	0	4,500,000	0	0
CHECK POINT SOFTWARE TECH LT ORD	ORD	M22465104	8,261	61,979	SH		SOLE	0	61,979	0	0
LYONDELLBASELL INDUSTRIES N SHS - A -	SHS	N53745100	1,211	12,784	SH		SOLE	0	12,784	0	0
NXP SEMICONDUCTORS N V COM	COM	N6596X109	6,491	32,469	SH		SOLE	0	32,469	0	0
FLEX LTD ORD	ORD	Y2573F102	8,421	312,111	SH		SOLE	0	312,111	0	0
AFLAC INC COM	COM	001055102	14,830	193,226	SH		SOLE	0	193,226	0	0
ABBOTT LABS COM	COM	002824100	25,666	265,012	SH		SOLE	0	265,012	0	0
ACUITY BRANDS INC COM	COM	00508Y102	4,141	24,312	SH		SOLE	0	24,312	0	0
ADOBE INC COM	COM	00724F101	22,030	43,204	SH		SOLE	0	43,204	0	0
ADVANCED DRAIN SYS INC DEL COM	COM	00790R104	16,215	142,448	SH		SOLE	0	142,448	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	3,399	30,401	SH		SOLE	0	30,401	0	0
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	3,423	32,127	SH		SOLE	0	32,127	0	0
ALBEMARLE CORP COM	COM	012653101	19,443	114,344	SH		SOLE	0	114,344	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	65,312	652,471	SH		SOLE	0	652,471	0	0
ALPHABET INC CAP STK CL A	Class A	02079K305	62,606	478,420	SH		SOLE	0	478,420	0	0
AMAZON COM INC COM	COM	023135106	34,646	272,549	SH		SOLE	0	272,549	0	0
AMERICAN EXPRESS CO COM	COM	025816109	4,900	32,841	SH		SOLE	0	32,841	0	0
AMERICAN INTL GROUP INC COM NEW	COM	026874784	7,177	118,436	SH		SOLE	0	118,436	0	0
AMERICAN WTR WKS CO INC NEW COM	COM	030420103	18,353	148,209	SH		SOLE	0	148,209	0	0
CENCORA INC COM	COM	03073E105	16,767	93,164	SH		SOLE	0	93,164	0	0
AMERIPRISE FINL INC COM	COM	03076C106	9,039	27,417	SH		SOLE	0	27,417	0	0
AMETEK INC COM	COM	031100100	11,933	80,759	SH		SOLE	0	80,759	0	0
AMGEN INC COM	COM	031162100	2,531	9,417	SH		SOLE	0	9,417	0	0
AMPHENOL CORP NEW CL A	Class A	032095101	8,722	103,849	SH		SOLE	0	103,849	0	0
ELEVANCE HEALTH INC COM	COM	036752103	4,031	9,258	SH		SOLE	0	9,258	0	0
APPLE INC COM	COM	037833100	157,557	920,253	SH		SOLE	0	920,253	0	0
APPLIED MATLS INC COM	COM	038222105	17,844	128,882	SH		SOLE	0	128,882	0	0
ARCHER DANIELS MIDLAND CO COM	COM	039483102	29,730	394,192	SH		SOLE	0	394,192	0	0
ARGENX SE SPONSORED ADR	ADR	04016X101	21,920	44,586	SH		SOLE	0	44,586	0	0
ARROW ELECTRS INC COM	COM	042735100	8,118	64,819	SH		SOLE	0	64,819	0	0
ASSURANT INC COM	COM	04621X108	2,033	14,156	SH		SOLE	0	14,156	0	0
ATMOS ENERGY CORP COM	COM	049560105	3,300	31,153	SH		SOLE	0	31,153	0	0
AUTODESK INC COM	COM	052769106	5,851	28,279	SH		SOLE	0	28,279	0	0
AUTOLIV INC COM	COM	052800109	3,054	31,650	SH		SOLE	0	31,650	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	11,292	46,936	SH		SOLE	0	46,936	0	0
AUTOZONE INC COM	COM	053332102	13,627	5,365	SH		SOLE	0	5,365	0	0
AVALONBAY CMNTYS INC COM	COM	053484101	663	3,861	SH		SOLE	0	3,861	0	0
AVANGRID INC COM	COM	05351W103	1,304	43,223	SH		SOLE	0	43,223	0	0
AVERY DENNISON CORP COM	COM	053611109	6,091	33,344	SH		SOLE	0	33,344	0	0
BAKER HUGHES COMPANY CL A	Class A	05722G100	2,273	64,342	SH		SOLE	0	64,342	0	0
BANK AMERICA CORP COM	COM	060505104	339	12,379	SH		SOLE	0	12,379	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	4,031	94,525	SH		SOLE	0	94,525	0	0
BERKLEY W R CORP COM	COM	084423102	3,646	57,434	SH		SOLE	0	57,434	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Class B	084670702	26,447	75,497	SH		SOLE	0	75,497	0	0
BLACKROCK INC COM	COM	09247X101	446	690	SH		SOLE	0	690	0	0
BLOCK H R INC COM	COM	093671105	2,888	67,079	SH		SOLE	0	67,079	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	37,374	12,119	SH		SOLE	0	12,119	0	0
BORGWARNER INC COM	COM	099724106	3,726	92,298	SH		SOLE	0	92,298	0	0
BOSTON SCIENTIFIC CORP COM	COM	101137107	7,334	138,899	SH		SOLE	0	138,899	0	0
BRIXMOR PPTY GROUP INC COM	COM	11120U105	29,251	1,407,666	SH		SOLE	0	1,407,666	0	0
BROADRIDGE FINL SOLUTIONS IN COM	COM	11133T103	1,615	9,021	SH		SOLE	0	9,021	0	0
BROADCOM INC COM	COM	11135F101	15,421	18,567	SH		SOLE	0	18,567	0	0
BROWN BROWN INC COM	COM	115236101	487	6,978	SH		SOLE	0	6,978	0	0
BROWN FORMAN CORP CL B	Class B	115637209	5,090	88,238	SH		SOLE	0	88,238	0	0
CBRE GROUP INC CL A	Class A	12504L109	3,526	47,740	SH		SOLE	0	47,740	0	0
CDW CORP COM	COM	12514G108	7,719	38,259	SH		SOLE	0	38,259	0	0
CF INDS HLDGS INC COM	COM	125269100	10,820	126,190	SH		SOLE	0	126,190	0	0
C H ROBINSON WORLDWIDE INC COM NEW	COM	12541W209	4,103	47,642	SH		SOLE	0	13,163	0	0
THE CIGNA GROUP COM	COM	125523100	12,269	42,887	SH		SOLE	0	42,887	0	0
CNA FINL CORP COM	COM	126117100	3,188	81,008	SH		SOLE	0	81,008	0	0
CSX CORP COM	COM	126408103	2,235	72,683	SH		SOLE	0	72,683	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	8,559	36,530	SH		SOLE	0	36,530	0	0
CAMDEN PPTY TR SH BEN INT	INT	133131102	112,081	1,185,039	SH		SOLE	0	1,185,039	0	0
CAMPBELL SOUP CO COM	COM	134429109	785	19,116	SH		SOLE	0	19,116	0	0
CARDINAL HEALTH INC COM	COM	14149Y108	14,676	169,039	SH		SOLE	0	169,039	0	0
CARRIER GLOBAL CORPORATION COM	COM	14448C104	6,902	125,045	SH		SOLE	0	125,045	0	0
CATERPILLAR INC COM	COM	149123101	15,459	56,626	SH		SOLE	0	56,626	0	0
CENTENE CORP DEL COM	COM	15135B101	4,231	61,426	SH		SOLE	0	61,426	0	0
CENTERPOINT ENERGY INC COM	COM	15189T107	757	28,185	SH		SOLE	0	28,185	0	0
CHARTER COMMUNICATIONS INC N CL A	Class A	16119P108	702	1,596	SH		SOLE	0	1,596	0	0
CHENIERE ENERGY INC COM NEW	COM	16411R208	7,824	47,142	SH		SOLE	0	47,142	0	0
CHEVRON CORP NEW COM	COM	166764100	5,432	32,215	SH		SOLE	0	32,215	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	6,996	3,819	SH		SOLE	0	3,819	0	0
CHURCH DWIGHT CO INC COM	COM	171340102	2,987	32,598	SH		SOLE	0	32,598	0	0
CISCO SYS INC COM	COM	17275R102	17,519	325,876	SH		SOLE	0	325,876	0	0
CINTAS CORP COM	COM	172908105	18,400	38,253	SH		SOLE	0	38,253	0	0
CITIGROUP INC COM NEW	COM	172967424	4,685	113,906	SH		SOLE	0	113,906	0	0
CLOROX CO DEL COM	COM	189054109	383	2,923	SH		SOLE	0	2,923	0	0
COCA COLA CO COM	COM	191216100	24,405	435,960	SH		SOLE	0	435,960	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	Class A	192446102	5,041	74,411	SH		SOLE	0	74,411	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	8,706	122,425	SH		SOLE	0	122,425	0	0
COMCAST CORP NEW CL A	Class A	20030N101	15,791	356,140	SH		SOLE	0	356,140	0	0
COMMERCE BANCSHARES INC COM	COM	200525103	4,564	95,115	SH		SOLE	0	95,115	0	0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR	ADR	20441A102	12,399	1,023,000	SH		SOLE	0	1,023,000	0	0
CONAGRA BRANDS INC COM	COM	205887102	514	18,747	SH		SOLE	0	18,747	0	0
CONSOLIDATED EDISON INC COM	COM	209115104	4,574	53,476	SH		SOLE	0	53,476	0	0
CONSTELLATION BRANDS INC CL A	Class A	21036P108	281	1,120	SH		SOLE	0	1,120	0	0
COPART INC COM	COM	217204106	6,668	154,738	SH		SOLE	0	154,738	0	0
CORTEVA INC COM	COM	22052L104	39,036	763,023	SH		SOLE	0	763,023	0	0
COSTCO WHSL CORP NEW COM	COM	22160K105	1,407	2,490	SH		SOLE	0	2,490	0	0
COUSINS PPTYS INC COM NEW	COM	222795502	41,685	2,046,403	SH		SOLE	0	2,046,403	0	0
CUBESMART COM	COM	229663109	58,093	1,523,546	SH		SOLE	0	1,523,546	0	0
CUMMINS INC COM	COM	231021106	4,630	20,264	SH		SOLE	0	20,264	0	0
D R HORTON INC COM	COM	23331A109	11,203	104,240	SH		SOLE	0	104,240	0	0
DARDEN RESTAURANTS INC COM	COM	237194105	5,158	36,012	SH		SOLE	0	36,012	0	0
DAVITA INC COM	COM	23918K108	839	8,874	SH		SOLE	0	8,874	0	0
DEERE CO COM	COM	244199105	8,162	21,627	SH		SOLE	0	21,627	0	0
DELL TECHNOLOGIES INC CL C	Class C	24703L202	3,797	55,109	SH		SOLE	0	55,109	0	0
DELTA AIR LINES INC DEL COM NEW	COM	247361702	545	14,742	SH		SOLE	0	14,742	0	0
DEXCOM INC COM	COM	252131107	1,415	15,161	SH		SOLE	0	15,161	0	0
DIGITAL RLTY TR INC COM	COM	253868103	155,152	1,282,040	SH		SOLE	0	1,282,040	0	0
DISCOVER FINL SVCS COM	COM	254709108	3,633	41,933	SH		SOLE	0	41,933	0	0
DOCUSIGN INC COM	COM	256163106	154	3,659	SH		SOLE	0	3,659	0	0
DOMINOS PIZZA INC COM	COM	25754A201	4,205	11,102	SH		SOLE	0	11,102	0	0
DOVER CORP COM	COM	260003108	10,548	75,610	SH		SOLE	0	75,610	0	0
DUPONT DE NEMOURS INC COM	COM	26614N102	1,112	14,907	SH		SOLE	0	14,907	0	0
EOG RES INC COM	COM	26875P101	4,312	34,019	SH		SOLE	0	34,019	0	0
EPR PPTYS COM SH BEN INT	INT	26884U109	52,870	1,272,738	SH		SOLE	0	1,272,738	0	0
EASTMAN CHEM CO COM	COM	277432100	319	4,154	SH		SOLE	0	4,154	0	0
ECOLAB INC COM	COM	278865100	4,195	24,763	SH		SOLE	0	24,763	0	0
EDISON INTL COM	COM	281020107	910	14,376	SH		SOLE	0	14,376	0	0
ELECTRONIC ARTS INC COM	COM	285512109	3,850	31,978	SH		SOLE	0	31,978	0	0
EMERSON ELEC CO COM	COM	291011104	4,249	43,994	SH		SOLE	0	43,994	0	0
EQUINIX INC COM	COM	29444U700	184,871	254,552	SH		SOLE	0	254,552	0	0
EQUITY LIFESTYLE PPTYS INC COM	COM	29472R108	2,456	38,551	SH		SOLE	0	38,551	0	0
ESSEX PPTY TR INC COM	COM	297178105	76,830	362,252	SH		SOLE	0	362,252	0	0
EXELON CORP COM	COM	30161N101	856	22,653	SH		SOLE	0	22,653	0	0
F G ANNUITIES LIFE INC COMMON STOCK	COM	30190A104	149	5,320	SH		SOLE	0	5,320	0	0
EXPEDIA GROUP INC COM NEW	COM	30212P303	4,249	41,224	SH		SOLE	0	41,224	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	13,780	120,209	SH		SOLE	0	120,209	0	0
EXTRA SPACE STORAGE INC COM	COM	30225T102	146,706	1,206,660	SH		SOLE	0	1,206,660	0	0
EXXON MOBIL CORP COM	COM	30231G102	15,248	129,684	SH		SOLE	0	129,684	0	0
FMC CORP COM NEW	COM	302491303	34,947	521,835	SH		SOLE	0	521,835	0	0
META PLATFORMS INC CL A	Class A	30303M102	31,718	105,652	SH		SOLE	0	105,652	0	0
FACTSET RESH SYS INC COM	COM	303075105	2,449	5,600	SH		SOLE	0	5,600	0	0
FAIR ISAAC CORP COM	COM	303250104	16,261	18,723	SH		SOLE	0	18,723	0	0
FASTENAL CO COM	COM	311900104	13,118	240,088	SH		SOLE	0	240,088	0	0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW	INT	313745101	54,411	600,368	SH		SOLE	0	600,368	0	0
FEDEX CORP COM	COM	31428X106	1,792	6,766	SH		SOLE	0	6,766	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	2,990	72,401	SH		SOLE	0	72,401	0	0
FIRST CTZNS BANCSHARES INC N CL A	Class A	31946M103	2,034	1,474	SH		SOLE	0	1,474	0	0
FISERV INC COM	COM	337738108	2,948	26,099	SH		SOLE	0	26,099	0	0
FLEETCOR TECHNOLOGIES INC COM	COM	339041105	5,935	23,243	SH		SOLE	0	23,243	0	0
FORTINET INC COM	COM	34959E109	10,798	184,022	SH		SOLE	0	184,022	0	0
FORTIVE CORP COM	COM	34959J108	5,906	79,645	SH		SOLE	0	79,645	0	0
FORTUNE BRANDS INNOVATIONS I COM	COM	34964C106	483	7,777	SH		SOLE	0	7,777	0	0
FRANKLIN RESOURCES INC COM	COM	354613101	382	15,529	SH		SOLE	0	15,529	0	0
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK	COM	36266G107	158	2,326	SH		SOLE	0	2,326	0	0
GALLAGHER ARTHUR J CO COM	COM	363576109	460	2,017	SH		SOLE	0	2,017	0	0
GARTNER INC COM	COM	366651107	15,361	44,706	SH		SOLE	0	44,706	0	0
GENERAL ELECTRIC CO COM NEW	COM	369604301	14,351	129,816	SH		SOLE	0	129,816	0	0
GENERAL MLS INC COM	COM	370334104	367	5,741	SH		SOLE	0	5,741	0	0
GENTEX CORP COM	COM	371901109	7,813	240,109	SH		SOLE	0	240,109	0	0
GENUINE PARTS CO COM	COM	372460105	7,073	48,990	SH		SOLE	0	48,990	0	0
GILEAD SCIENCES INC COM	COM	375558103	5,897	78,685	SH		SOLE	0	78,685	0	0
GLOBE LIFE INC COM	COM	37959E102	6,385	58,719	SH		SOLE	0	58,719	0	0
GODADDY INC CL A	Class A	380237107	2,913	39,116	SH		SOLE	0	39,116	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	1,377	4,255	SH		SOLE	0	4,255	0	0
GRAINGER W W INC COM	COM	384802104	15,250	22,042	SH		SOLE	0	22,042	0	0
HCA HEALTHCARE INC COM	COM	40412C101	9,976	40,555	SH		SOLE	0	40,555	0	0
HAIN CELESTIAL GROUP INC COM	COM	405217100	42,848	4,131,942	SH		SOLE	0	4,131,942	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	5,528	77,965	SH		SOLE	0	77,965	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	114,241	6,222,255	SH		SOLE	0	6,222,255	0	0
HEICO CORP NEW COM	COM	422806109	6,351	39,221	SH		SOLE	0	39,221	0	0
HENRY JACK ASSOC INC COM	COM	426281101	1,797	11,889	SH		SOLE	0	11,889	0	0
HERSHEY CO COM	COM	427866108	5,287	26,423	SH		SOLE	0	26,423	0	0
HEWLETT PACKARD ENTERPRISE C COM	COM	42824C109	1,304	75,050	SH		SOLE	0	75,050	0	0
HOLOGIC INC COM	COM	436440101	7,173	103,358	SH		SOLE	0	103,358	0	0
HOME DEPOT INC COM	COM	437076102	7,247	23,983	SH		SOLE	0	23,983	0	0
HOWMET AEROSPACE INC COM	COM	443201108	6,793	146,880	SH		SOLE	0	146,880	0	0
HUBSPOT INC COM	COM	443573100	1,455	2,955	SH		SOLE	0	2,955	0	0
HUMANA INC COM	COM	444859102	6,851	14,081	SH		SOLE	0	14,081	0	0
HUNT J B TRANS SVCS INC COM	COM	445658107	5,129	27,209	SH		SOLE	0	27,209	0	0
IDEX CORP COM	COM	45167R104	10,228	49,169	SH		SOLE	0	49,169	0	0
IDEXX LABS INC COM	COM	45168D104	1,177	2,691	SH		SOLE	0	2,691	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	16,212	70,391	SH		SOLE	0	70,391	0	0
ILLUMINA INC COM	COM	452327109	20,791	151,450	SH		SOLE	0	151,450	0	0
INGERSOLL RAND INC COM	COM	45687V106	1,468	23,034	SH		SOLE	0	23,034	0	0
INGREDION INC COM	COM	457187102	1,641	16,672	SH		SOLE	0	16,672	0	0
INTERCONTINENTAL EXCHANGE IN COM	COM	45866F104	238	2,164	SH		SOLE	0	2,164	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	2,290	16,321	SH		SOLE	0	16,321	0	0
INTUITIVE SURGICAL INC COM NEW	COM	46120E602	724	2,476	SH		SOLE	0	2,476	0	0
INVITATION HOMES INC COM	COM	46187W107	149,834	4,728,124	SH		SOLE	0	4,728,124	0	0
IQVIA HLDGS INC COM	COM	46266C105	1,259	6,398	SH		SOLE	0	6,398	0	0
IRON MTN INC DEL COM	COM	46284V101	859	14,456	SH		SOLE	0	14,456	0	0
ITRON INC COM	COM	465741106	57,145	943,291	SH		SOLE	0	943,291	0	0
JPMORGAN CHASE CO COM	COM	46625H100	30,355	209,318	SH		SOLE	0	209,318	0	0
JEFFERIES FINL GROUP INC COM	COM	47233W109	1,648	44,982	SH		SOLE	0	44,982	0	0
KLA CORP COM NEW	COM	482480100	15,276	33,306	SH		SOLE	0	33,306	0	0
KELLANOVA COM	COM	487836108	1,734	29,142	SH		SOLE	0	29,142	0	0
KEURIG DR PEPPER INC COM	COM	49271V100	1,300	41,191	SH		SOLE	0	41,191	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	4,120	31,141	SH		SOLE	0	31,141	0	0
KILROY RLTY CORP COM	COM	49427F108	60,662	1,919,078	SH		SOLE	0	1,919,078	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	5,838	48,310	SH		SOLE	0	48,310	0	0
LKQ CORP COM	COM	501889208	6,957	140,510	SH		SOLE	0	140,510	0	0
LABORATORY CORP AMER HLDGS COM NEW	COM	50540R409	3,636	18,085	SH		SOLE	0	18,085	0	0
LAM RESEARCH CORP COM	COM	512807108	9,199	14,677	SH		SOLE	0	14,677	0	0
LAMB WESTON HLDGS INC COM	COM	513272104	5,902	63,835	SH		SOLE	0	63,835	0	0
LENNAR CORP CL A	Class A	526057104	9,974	88,872	SH		SOLE	0	88,872	0	0
LIBERTY MEDIA CORP DEL COM LBTY SRM S C ADDED	Class A	531229789	1,114	43,739	SH		SOLE	0	43,739	0	0
ELI LILLY CO COM	COM	532457108	9,999	18,615	SH		SOLE	0	18,615	0	0
LOEWS CORP COM	COM	540424108	10,183	160,837	SH		SOLE	0	160,837	0	0
LOWES COS INC COM	COM	548661107	13,649	65,669	SH		SOLE	0	65,669	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	3,830	9,932	SH		SOLE	0	9,932	0	0
MSCI INC COM	COM	55354G100	3,656	7,125	SH		SOLE	0	7,125	0	0
MANPOWERGROUP INC WIS COM	COM	56418H100	3,263	44,499	SH		SOLE	0	44,499	0	0
MARATHON PETE CORP COM	COM	56585A102	13,436	88,777	SH		SOLE	0	88,777	0	0
MARKEL GROUP INC COM	COM	570535104	8,057	5,472	SH		SOLE	0	5,472	0	0
MARSH MCLENNAN COS INC COM	COM	571748102	17,635	92,671	SH		SOLE	0	92,671	0	0
MARRIOTT INTL INC NEW CL A	Class A	571903202	3,542	18,022	SH		SOLE	0	18,022	0	0
MASCO CORP COM	COM	574599106	5,056	94,589	SH		SOLE	0	94,589	0	0
MASTERCARD INCORPORATED CL A	Class A	57636Q104	40,235	101,626	SH		SOLE	0	101,626	0	0
MCDONALDS CORP COM	COM	580135101	21,422	81,315	SH		SOLE	0	81,315	0	0
MCKESSON CORP COM	COM	58155Q103	22,347	51,389	SH		SOLE	0	51,389	0	0
MERCADOLIBRE INC COM	COM	58733R102	6,095	4,807	SH		SOLE	0	4,807	0	0
MERCK CO INC COM	COM	58933Y105	5,697	55,334	SH		SOLE	0	55,334	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	14,266	12,875	SH		SOLE	0	12,875	0	0
MICROSOFT CORP COM	COM	594918104	108,790	344,546	SH		SOLE	0	344,546	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	4,246	54,403	SH		SOLE	0	54,403	0	0
MID-AMER APT CMNTYS INC COM	COM	59522J103	2,921	22,705	SH		SOLE	0	22,705	0	0
MOLINA HEALTHCARE INC COM	COM	60855R100	3,083	9,402	SH		SOLE	0	9,402	0	0
MOLSON COORS BEVERAGE CO CL B	Class B	60871R209	897	14,102	SH		SOLE	0	14,102	0	0
MONDELEZ INTL INC CL A	Class A	609207105	10,833	156,097	SH		SOLE	0	156,097	0	0
MONSTER BEVERAGE CORP NEW COM	COM	61174X109	5,850	110,474	SH		SOLE	0	110,474	0	0
MOTOROLA SOLUTIONS INC COM NEW	COM	620076307	8,854	32,524	SH		SOLE	0	32,524	0	0
MUELLER WTR PRODS INC COM SER A	COM	624758108	25,077	1,977,657	SH		SOLE	0	1,977,657	0	0
NVR INC COM	COM	62944T105	13,161	2,207	SH		SOLE	0	2,207	0	0
NASDAQ INC COM	COM	631103108	571	11,745	SH		SOLE	0	11,745	0	0
NETAPP INC COM	COM	64110D104	4,402	58,008	SH		SOLE	0	58,008	0	0
NETFLIX INC COM	COM	64110L106	8,430	22,324	SH		SOLE	0	22,324	0	0
NEXTERA ENERGY INC COM	COM	65339F101	25,255	440,822	SH		SOLE	0	440,822	0	0
NUCOR CORP COM	COM	670346105	9,692	61,988	SH		SOLE	0	61,988	0	0
NVIDIA CORPORATION COM	COM	67066G104	54,704	125,759	SH		SOLE	0	125,759	0	0
OREILLY AUTOMOTIVE INC COM	COM	67103H107	17,337	19,075	SH		SOLE	0	19,075	0	0
OCCIDENTAL PETE CORP COM	COM	674599105	428	6,597	SH		SOLE	0	6,597	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	8,232	20,121	SH		SOLE	0	20,121	0	0
OMNICOM GROUP INC COM	COM	681919106	2,622	35,198	SH		SOLE	0	35,198	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	4,481	48,213	SH		SOLE	0	48,213	0	0
ORACLE CORP COM	COM	68389X105	5,072	47,883	SH		SOLE	0	47,883	0	0
OTIS WORLDWIDE CORP COM	COM	68902V107	13,787	171,667	SH		SOLE	0	171,667	0	0
OWENS CORNING NEW COM	COM	690742101	10,138	74,321	SH		SOLE	0	74,321	0	0
PPG INDS INC COM	COM	693506107	1,977	15,233	SH		SOLE	0	15,233	0	0
PTC INC COM	COM	69370C100	574	4,054	SH		SOLE	0	4,054	0	0
PACCAR INC COM	COM	693718108	8,673	102,016	SH		SOLE	0	102,016	0	0
PACKAGING CORP AMER COM	COM	695156109	1,403	9,138	SH		SOLE	0	9,138	0	0
PALO ALTO NETWORKS INC COM	COM	697435105	6,366	27,152	SH		SOLE	0	27,152	0	0
PARK HOTELS RESORTS INC COM	COM	700517105	40,791	3,310,942	SH		SOLE	0	3,310,942	0	0
PARKER-HANNIFIN CORP COM	COM	701094104	9,136	23,455	SH		SOLE	0	23,455	0	0
PAYCHEX INC COM	COM	704326107	1,561	13,539	SH		SOLE	0	13,539	0	0
PEBBLEBROOK HOTEL TR COM	COM	70509V100	51,550	3,793,259	SH		SOLE	0	3,793,259	0	0
PEPSICO INC COM	COM	713448108	23,705	139,901	SH		SOLE	0	139,901	0	0
PFIZER INC COM	COM	717081103	4,857	146,419	SH		SOLE	0	146,419	0	0
PHILLIPS 66 COM	COM	718546104	6,701	55,769	SH		SOLE	0	55,769	0	0
PIONEER NAT RES CO COM	COM	723787107	2,825	12,305	SH		SOLE	0	12,305	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	227	2,164	SH		SOLE	0	2,164	0	0
PRINCIPAL FINANCIAL GROUP IN COM	COM	74251V102	3,454	47,927	SH		SOLE	0	47,927	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	28,594	196,035	SH		SOLE	0	196,035	0	0
PROLOGIS INC. COM	COM	74340W103	275,188	2,452,440	SH		SOLE	0	2,452,440	0	0
PUBLIC SVC ENTERPRISE GRP IN COM	COM	744573106	1,219	21,415	SH		SOLE	0	21,415	0	0
PUBLIC STORAGE COM	COM	74460D109	41,518	157,550	SH		SOLE	0	157,550	0	0
PULTE GROUP INC COM	COM	745867101	11,730	158,404	SH		SOLE	0	158,404	0	0
QORVO INC COM	COM	74736K101	711	7,450	SH		SOLE	0	7,450	0	0
QUALCOMM INC COM	COM	747525103	1,788	16,096	SH		SOLE	0	16,096	0	0
QUANTA SVCS INC COM	COM	74762E102	1,720	9,196	SH		SOLE	0	9,196	0	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	3,909	32,075	SH		SOLE	0	32,075	0	0
REALTY INCOME CORP COM	COM	756109104	77,655	1,554,969	SH		SOLE	0	1,554,969	0	0
REGENCY CTRS CORP COM	COM	758849103	40,803	686,455	SH		SOLE	0	686,455	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	46,614	56,642	SH		SOLE	0	56,642	0	0
REPUBLIC SVCS INC COM	COM	760759100	402	2,821	SH		SOLE	0	2,821	0	0
REXFORD INDL RLTY INC COM	COM	76169C100	115,529	2,341,014	SH		SOLE	0	2,341,014	0	0
ROBERT HALF INC. COM	COM	770323103	4,110	56,082	SH		SOLE	0	56,082	0	0
ROLLINS INC COM	COM	775711104	4,042	108,273	SH		SOLE	0	108,273	0	0
ROPER TECHNOLOGIES INC COM	COM	776696106	2,084	4,304	SH		SOLE	0	4,304	0	0
ROSS STORES INC COM	COM	778296103	154	1,361	SH		SOLE	0	1,361	0	0
SEI INVTS CO COM	COM	784117103	11,766	195,352	SH		SOLE	0	195,352	0	0
SS C TECHNOLOGIES HLDGS INC COM	COM	78467J100	2,332	44,379	SH		SOLE	0	44,379	0	0
HENRY SCHEIN INC COM	COM	806407102	8,029	108,136	SH		SOLE	0	108,136	0	0
SEMPRA COM	COM	816851109	941	13,831	SH		SOLE	0	13,831	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	5,484	21,501	SH		SOLE	0	21,501	0	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	130,755	1,210,360	SH		SOLE	0	1,210,360	0	0
SIRIUS XM HOLDINGS INC COM	COM	82968B103	854	189,035	SH		SOLE	0	189,035	0	0
SITE CTRS CORP COM	COM	82981J109	51,338	4,163,628	SH		SOLE	0	4,163,628	0	0
SMUCKER J M CO COM NEW	COM	832696405	547	4,448	SH		SOLE	0	4,448	0	0
SNAP ON INC COM	COM	833034101	11,935	46,791	SH		SOLE	0	46,791	0	0
SOLAREDGE TECHNOLOGIES INC COM	COM	83417M104	38,174	294,761	SH		SOLE	0	294,761	0	0
SPLUNK INC COM	COM	848637104	196	1,343	SH		SOLE	0	1,343	0	0
SPROUTS FMRS MKT INC COM	COM	85208M102	31,006	724,445	SH		SOLE	0	724,445	0	0
STARBUCKS CORP COM	COM	855244109	1,060	11,613	SH		SOLE	0	11,613	0	0
STEEL DYNAMICS INC COM	COM	858119100	8,312	77,521	SH		SOLE	0	77,521	0	0
STRYKER CORPORATION COM	COM	863667101	2,107	7,709	SH		SOLE	0	7,709	0	0
SUN CMNTYS INC COM	COM	866674104	130,082	1,099,222	SH		SOLE	0	1,099,222	0	0
SUNRUN INC COM	COM	86771W105	12,033	958,045	SH		SOLE	0	958,045	0	0
SYNOPSYS INC COM	COM	871607107	10,468	22,807	SH		SOLE	0	22,807	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	2,497	81,679	SH		SOLE	0	81,679	0	0
SYSCO CORP COM	COM	871829107	1,218	18,436	SH		SOLE	0	18,436	0	0
TJX COS INC NEW COM	COM	872540109	15,020	168,993	SH		SOLE	0	168,993	0	0
T-MOBILE US INC COM	COM	872590104	1,032	7,368	SH		SOLE	0	7,368	0	0
TELEDYNE TECHNOLOGIES INC COM	COM	879360105	183	449	SH		SOLE	0	449	0	0
TERADYNE INC COM	COM	880770102	4,066	40,473	SH		SOLE	0	40,473	0	0
TERRENO RLTY CORP COM	COM	88146M101	82,994	1,461,154	SH		SOLE	0	1,461,154	0	0
TESLA INC COM	COM	88160R101	2,879	11,505	SH		SOLE	0	11,505	0	0
TEXAS INSTRS INC COM	COM	882508104	2,522	15,863	SH		SOLE	0	15,863	0	0
THE TRADE DESK INC COM CL A	Class A	88339J105	1,140	14,588	SH		SOLE	0	14,588	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	101,265	200,061	SH		SOLE	0	200,061	0	0
TRANSDIGM GROUP INC COM	COM	893641100	2,325	2,757	SH		SOLE	0	2,757	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	6,850	41,943	SH		SOLE	0	41,943	0	0
UDR INC COM	COM	902653104	57,223	1,604,241	SH		SOLE	0	1,604,241	0	0
UBIQUITI INC COM	COM	90353W103	779	5,360	SH		SOLE	0	5,360	0	0
ULTA BEAUTY INC COM	COM	90384S303	6,216	15,561	SH		SOLE	0	15,561	0	0
UNITED AIRLS HLDGS INC COM	COM	910047109	187	4,412	SH		SOLE	0	4,412	0	0
UNITED RENTALS INC COM	COM	911363109	6,903	15,527	SH		SOLE	0	15,527	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	17,781	35,266	SH		SOLE	0	35,266	0	0
UNIVERSAL HLTH SVCS INC CL B	Class B	913903100	418	3,327	SH		SOLE	0	3,327	0	0
VALERO ENERGY CORP COM	COM	91913Y100	9,694	68,407	SH		SOLE	0	68,407	0	0
VERISIGN INC COM	COM	92343E102	16,052	79,255	SH		SOLE	0	79,255	0	0
VERISK ANALYTICS INC COM	COM	92345Y106	7,684	32,526	SH		SOLE	0	32,526	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	1,181	3,395	SH		SOLE	0	3,395	0	0
VISA INC COM CL A	Class A	92826C839	39,599	172,162	SH		SOLE	0	172,162	0	0
VISTRA CORP COM	COM	92840M102	179	5,408	SH		SOLE	0	5,408	0	0
VONTIER CORPORATION COM	COM	928881101	4,224	136,596	SH		SOLE	0	136,596	0	0
VOYA FINANCIAL INC COM	COM	929089100	2,581	38,840	SH		SOLE	0	38,840	0	0
VULCAN MATLS CO COM	COM	929160109	148	732	SH		SOLE	0	732	0	0
WP CAREY INC COM	COM	92936U109	114,053	2,108,963	SH		SOLE	0	2,108,963	0	0
WABTEC COM	COM	929740108	3,974	37,398	SH		SOLE	0	37,398	0	0
WASTE MGMT INC DEL COM	COM	94106L109	3,128	20,521	SH		SOLE	0	20,521	0	0
WATERS CORP COM	COM	941848103	4,963	18,098	SH		SOLE	0	18,098	0	0
WELLTOWER INC COM	COM	95040Q104	193,358	2,360,329	SH		SOLE	0	2,360,329	0	0
WEST PHARMACEUTICAL SVSC INC COM	COM	955306105	5,018	13,374	SH		SOLE	0	13,374	0	0
WESTERN UN CO COM	COM	959802109	1,327	100,675	SH		SOLE	0	100,675	0	0
WESTLAKE CORPORATION COM	COM	960413102	333	2,668	SH		SOLE	0	2,668	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM	962166104	2,407	78,516	SH		SOLE	0	78,516	0	0
XYLEM INC COM	COM	98419M100	1,985	21,808	SH		SOLE	0	21,808	0	0
YUM BRANDS INC COM	COM	988498101	16,819	134,614	SH		SOLE	0	134,614	0	0
ZILLOW GROUP INC CL A	Class A	98954M101	2,714	60,592	SH		SOLE	0	60,592	0	0
ZIMMER BIOMET HOLDINGS INC COM	COM	98956P102	2,921	26,031	SH		SOLE	0	26,031	0	0
ZOETIS INC CL A	Class A	98978V103	4,822	27,715	SH		SOLE	0	27,715	0	0
CBOE GLOBAL MKTS INC COM	COM	12503M108	3,635	23,270	SH		SOLE	0	23,270	0	0