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	8,866	65,817	SH		SOLE	0	65,817	0	0
AMDOCS LTD SHS	SHS	G02602103	12,950	143,297	SH		SOLE	0	143,297	0	0
AON PLC SHS CL A	CLASS A	G0403H108	12,792	38,332	SH		SOLE	0	38,332	0	0
ARCH CAP GROUP LTD ORD	ORD	G0450A105	12,480	135,008	SH		SOLE	0	135,008	0	0
ACCENTURE PLC IRELAND SHS CLASS A	CLASS A	G1151C101	5,345	15,420	SH		SOLE	0	15,420	0	0
CREDICORP LTD COM	COM	G2519Y108	376	2,221	SH		SOLE	0	2,221	0	0
COCA-COLA EUROPACIFIC PARTNE SHS	SHS	G25839104	4,464	63,819	SH		SOLE	0	63,819	0	0
EATON CORP PLC SHS	SHS	G29183103	721	2,305	SH		SOLE	0	2,305	0	0
EVEREST GROUP LTD COM	COM	G3223R108	5,381	13,538	SH		SOLE	0	13,538	0	0
JOHNSON CTLS INTL PLC SHS	SHS	G51502105	3,447	52,766	SH		SOLE	0	52,766	0	0
LINDE PLC SHS	SHS	G54950103	76,382	164,502	SH		SOLE	0	164,502	0	0
MEDTRONIC PLC SHS	SHS	G5960L103	96,241	1,104,318	SH		SOLE	0	1,104,318	0	0
PENTAIR PLC SHS	SHS	G7S00T104	28,765	336,666	SH		SOLE	0	336,666	0	0
ROYALTY PHARMA PLC SHS CLASS A	CLASS A	G7709Q104	2,717	89,470	SH		SOLE	0	89,470	0	0
TRANE TECHNOLOGIES PLC SHS	SHS	G8994E103	14,907	49,656	SH		SOLE	0	49,656	0	0
WILLIS TOWERS WATSON PLC LTD SHS	SHS	G96629103	5,134	18,668	SH		SOLE	0	18,668	0	0
CHUBB LIMITED COM	COM	H1467J104	13,029	50,281	SH		SOLE	0	50,281	0	0
GARMIN LTD SHS	SHS	H2906T109	4,485	30,125	SH		SOLE	0	30,125	0	0
TE CONNECTIVITY LTD SHS	SHS	H84989104	10,999	75,733	SH		SOLE	0	75,733	0	0
ADECOAGRO S A COM	COM	L00849106	49,590	4,500,000	SH		SOLE	0	4,500,000	0	0
LYONDELLBASELL INDUSTRIES N SHS - A -	SHS	N53745100	1,532	14,980	SH		SOLE	0	14,980	0	0
NXP SEMICONDUCTORS N V COM	COM	N6596X109	7,639	30,832	SH		SOLE	0	30,832	0	0
FLEX LTD ORD	ORD	Y2573F102	8,002	279,676	SH		SOLE	0	279,676	0	0
AFLAC INC COM	COM	001055102	16,380	190,775	SH		SOLE	0	190,775	0	0
ABBOTT LABS COM	COM	002824100	73,790	649,215	SH		SOLE	0	649,215	0	0
ABBVIE INC COM	COM	00287Y109	1,463	8,034	SH		SOLE	0	8,034	0	0
ADOBE INC COM	COM	00724F101	22,152	43,900	SH		SOLE	0	43,900	0	0
ADVANCED DRAIN SYS INC DEL COM	COM	00790R104	15,221	88,369	SH		SOLE	0	88,369	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	3,991	27,431	SH		SOLE	0	27,431	0	0
AIRBNB INC COM CL A	CLASS A	009066101	779	4,720	SH		SOLE	0	4,720	0	0
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	6,094	56,036	SH		SOLE	0	56,036	0	0
ALBEMARLE CORP COM	COM	012653101	54,473	413,492	SH		SOLE	0	413,492	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	88,430	685,983	SH		SOLE	0	685,983	0	0
ALLY FINL INC COM	COM	02005N100	3,308	81,487	SH		SOLE	0	81,487	0	0
ALPHABET INC CAP STK CL A	CLASS A	02079K305	82,683	547,823	SH		SOLE	0	547,823	0	0
AMAZON COM INC COM	COM	023135106	60,420	334,959	SH		SOLE	0	334,959	0	0
AMERICAN EXPRESS CO COM	COM	025816109	12,397	54,448	SH		SOLE	0	54,448	0	0
AMERICAN HOMES 4 RENT CL A	CLASS A	02665T306	32,199	875,456	SH		SOLE	0	875,456	0	0
AMERICAN INTL GROUP INC COM NEW	COM	026874784	10,937	139,919	SH		SOLE	0	139,919	0	0
AMERICAN TOWER CORP NEW COM	COM	03027X100	220	1,115	SH		SOLE	0	1,115	0	0
AMERICAN WTR WKS CO INC NEW COM	COM	030420103	13,535	110,749	SH		SOLE	0	110,749	0	0
CENCORA INC COM	COM	03073E105	21,847	89,908	SH		SOLE	0	89,908	0	0
AMERIPRISE FINL INC COM	COM	03076C106	12,283	28,015	SH		SOLE	0	28,015	0	0
AMETEK INC COM	COM	031100100	14,219	77,744	SH		SOLE	0	77,744	0	0
AMGEN INC COM	COM	031162100	1,166	4,102	SH		SOLE	0	4,102	0	0
AMPHENOL CORP NEW CL A	CLASS A	032095101	11,610	100,650	SH		SOLE	0	100,650	0	0
ANALOG DEVICES INC COM	CLASS B	032654105	166	837	SH		SOLE	0	837	0	0
ANNALY CAPITAL MANAGEMENT IN COM NEW	COM	035710839	3,348	170,018	SH		SOLE	0	170,018	0	0
ELEVANCE HEALTH INC COM	COM	036752103	3,100	5,978	SH		SOLE	0	5,978	0	0
APOLLO GLOBAL MGMT INC COM	COM	03769M106	840	7,469	SH		SOLE	0	7,469	0	0
APPLE INC COM	COM	037833100	170,047	991,643	SH		SOLE	0	991,643	0	0
APPLIED MATLS INC COM	COM	038222105	28,959	140,420	SH		SOLE	0	140,420	0	0
ARCHER DANIELS MIDLAND CO COM	COM	039483102	27,882	443,916	SH		SOLE	0	443,916	0	0
ARGENX SE SPONSORED ADR	ADR	04016X101	17,554	44,586	SH		SOLE	0	44,586	0	0
ARROW ELECTRS INC COM	COM	042735100	8,391	64,819	SH		SOLE	0	64,819	0	0
ASSURANT INC COM	COM	04621X108	2,665	14,156	SH		SOLE	0	14,156	0	0
ATLASSIAN CORPORATION CL A	CLASS A	049468101	364	1,866	SH		SOLE	0	1,866	0	0
ATMOS ENERGY CORP COM	COM	049560105	6,113	51,422	SH		SOLE	0	51,422	0	0
AUTODESK INC COM	COM	052769106	7,092	27,234	SH		SOLE	0	27,234	0	0
AUTOLIV INC COM	COM	052800109	3,582	29,745	SH		SOLE	0	29,745	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	10,469	41,919	SH		SOLE	0	41,919	0	0
AUTOZONE INC COM	COM	053332102	13,599	4,315	SH		SOLE	0	4,315	0	0
AVALONBAY CMNTYS INC COM	COM	053484101	845	4,555	SH		SOLE	0	4,555	0	0
AVANGRID INC COM	COM	05351W103	1,583	43,453	SH		SOLE	0	43,453	0	0
AVERY DENNISON CORP COM	COM	053611109	7,444	33,344	SH		SOLE	0	33,344	0	0
BANK AMERICA CORP COM	COM	060505104	8,756	230,910	SH		SOLE	0	230,910	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	10,444	181,249	SH		SOLE	0	181,249	0	0
BERKLEY W R CORP COM	COM	084423102	4,846	54,797	SH		SOLE	0	54,797	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CLASS B	084670702	50,021	118,950	SH		SOLE	0	118,950	0	0
BEST BUY INC COM	COM	086516101	174	2,117	SH		SOLE	0	2,117	0	0
BLACKROCK INC COM	COM	09247X101	3,414	4,095	SH		SOLE	0	4,095	0	0
BLACKSTONE INC COM	COM	09260D107	750	5,710	SH		SOLE	0	5,710	0	0
BLOCK H R INC COM	COM	093671105	3,343	68,071	SH		SOLE	0	68,071	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	41,253	11,371	SH		SOLE	0	11,371	0	0
BOSTON SCIENTIFIC CORP COM	COM	101137107	7,358	107,428	SH		SOLE	0	107,428	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	5,589	103,065	SH		SOLE	0	103,065	0	0
BRIXMOR PPTY GROUP INC COM	COM	11120U105	33,010	1,407,666	SH		SOLE	0	13,163	0	0
BROADRIDGE FINL SOLUTIONS IN COM	COM	11133T103	1,848	9,021	SH		SOLE	0	9,021	0	0
BROADCOM INC COM	COM	11135F101	12,542	9,463	SH		SOLE	0	9,463	0	0
BROWN BROWN INC COM	COM	115236101	1,739	19,868	SH		SOLE	0	19,868	0	0
BROWN FORMAN CORP CL B	CLASS B	115637209	1,784	34,561	SH		SOLE	0	34,561	0	0
BUILDERS FIRSTSOURCE INC COM	COM	12008R107	10,178	48,806	SH		SOLE	0	48,806	0	0
CBRE GROUP INC CL A	CLASS A	12504L109	4,360	44,833	SH		SOLE	0	44,833	0	0
CDW CORP COM	COM	12514G108	9,662	37,773	SH		SOLE	0	37,773	0	0
C H ROBINSON WORLDWIDE INC COM NEW	COM	12541W209	3,413	44,821	SH		SOLE	0	44,821	0	0
THE CIGNA GROUP COM	COM	125523100	12,505	34,431	SH		SOLE	0	34,431	0	0
CNA FINL CORP COM	COM	126117100	3,679	81,008	SH		SOLE	0	81,008	0	0
CSX CORP COM	COM	126408103	4,895	132,039	SH		SOLE	0	132,039	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	11,371	36,530	SH		SOLE	0	36,530	0	0
CAMDEN PPTY TR SH BEN INT	INT	133131102	83,248	846,016	SH		SOLE	0	846,016	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	5,998	40,287	SH		SOLE	0	40,287	0	0
CARDINAL HEALTH INC COM	COM	14149Y108	18,156	162,256	SH		SOLE	0	162,256	0	0
CARLYLE GROUP INC COM	COM	14316J108	170	3,628	SH		SOLE	0	3,628	0	0
CARRIER GLOBAL CORPORATION COM	COM	14448C104	6,773	116,519	SH		SOLE	0	116,519	0	0
CATERPILLAR INC COM	COM	149123101	21,191	57,832	SH		SOLE	0	57,832	0	0
CELANESE CORP DEL COM	COM	150870103	173	1,006	SH		SOLE	0	1,006	0	0
CENTENE CORP DEL COM	COM	15135B101	4,915	62,630	SH		SOLE	0	62,630	0	0
CHARTER COMMUNICATIONS INC N CL A	CLASS A	16119P108	672	2,311	SH		SOLE	0	2,311	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	11,101	3,819	SH		SOLE	0	3,819	0	0
CISCO SYS INC COM	COM	17275R102	2,099	42,057	SH		SOLE	0	42,057	0	0
CINTAS CORP COM	COM	172908105	25,911	37,715	SH		SOLE	0	37,715	0	0
CITIGROUP INC COM NEW	COM	172967424	16,687	263,873	SH		SOLE	0	263,873	0	0
CITIZENS FINL GROUP INC COM	COM	174610105	1,331	36,686	SH		SOLE	0	36,686	0	0
CLOUDFLARE INC CL A COM	COM	18915M107	749	7,737	SH		SOLE	0	7,737	0	0
COCA COLA CO COM	COM	191216100	10,629	173,733	SH		SOLE	0	173,733	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CLASS A	192446102	9,895	135,007	SH		SOLE	0	135,007	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	5,221	57,984	SH		SOLE	0	57,984	0	0
COMCAST CORP NEW CL A	CLASS A	20030N101	21,982	507,077	SH		SOLE	0	507,077	0	0
COMMERCE BANCSHARES INC COM	COM	200525103	3,345	62,870	SH		SOLE	0	62,870	0	0
CONSOLIDATED EDISON INC COM	COM	209115104	1,478	16,280	SH		SOLE	0	16,280	0	0
COPART INC COM	COM	217204106	7,357	127,027	SH		SOLE	0	127,027	0	0
CORPAY INC COM SHS ADDED	COM	219948106	7,230	23,432	SH		SOLE	0	23,432	0	0
CORTEVA INC COM	COM	22052L104	44,004	763,023	SH		SOLE	0	763,023	0	0
COSTCO WHSL CORP NEW COM	COM	22160K105	3,100	4,231	SH		SOLE	0	4,231	0	0
CROWDSTRIKE HLDGS INC CL A	CLASS A	22788C105	3,068	9,569	SH		SOLE	0	9,569	0	0
CROWN CASTLE INC COM	COM	22822V101	159	1,501	SH		SOLE	0	1,501	0	0
CUBESMART COM	COM	229663109	36,617	809,749	SH		SOLE	0	809,749	0	0
CUMMINS INC COM	COM	231021106	5,252	17,825	SH		SOLE	0	17,825	0	0
D R HORTON INC COM	COM	23331A109	12,743	77,439	SH		SOLE	0	77,439	0	0
DANAHER CORPORATION COM	COM	235851102	459	1,838	SH		SOLE	0	1,838	0	0
DARDEN RESTAURANTS INC COM	COM	237194105	5,852	35,008	SH		SOLE	0	35,008	0	0
DAVITA INC COM	COM	23918K108	992	7,187	SH		SOLE	0	7,187	0	0
DEERE CO COM	COM	244199105	5,619	13,680	SH		SOLE	0	13,680	0	0
DELL TECHNOLOGIES INC CL C	CLASS C	24703L202	7,130	62,481	SH		SOLE	0	62,481	0	0
DELTA AIR LINES INC DEL COM NEW	COM	247361702	724	15,121	SH		SOLE	0	15,121	0	0
DIGITAL RLTY TR INC COM	COM	253868103	46,312	321,521	SH		SOLE	0	321,521	0	0
DISNEY WALT CO COM	COM	254687106	1,036	8,466	SH		SOLE	0	8,466	0	0
DISCOVER FINL SVCS COM	COM	254709108	4,895	37,340	SH		SOLE	0	37,340	0	0
DOCUSIGN INC COM	COM	256163106	2,170	36,433	SH		SOLE	0	36,433	0	0
DOMINOS PIZZA INC COM	COM	25754A201	5,039	10,141	SH		SOLE	0	10,141	0	0
DOORDASH INC CL A	CLASS A	25809K105	1,901	13,804	SH		SOLE	0	13,804	0	0
DOVER CORP COM	COM	260003108	12,944	73,050	SH		SOLE	0	73,050	0	0
DOW INC COM	COM	260557103	167	2,878	SH		SOLE	0	2,878	0	0
DUPONT DE NEMOURS INC COM	COM	26614N102	1,264	16,488	SH		SOLE	0	16,488	0	0
EPR PPTYS COM SH BEN INT	INT	26884U109	54,028	1,272,738	SH		SOLE	0	1,272,738	0	0
EASTMAN CHEM CO COM	COM	277432100	414	4,129	SH		SOLE	0	4,129	0	0
EBAY INC. COM	COM	278642103	1,716	32,511	SH		SOLE	0	32,511	0	0
ECOLAB INC COM	COM	278865100	6,065	26,267	SH		SOLE	0	26,267	0	0
EDISON INTL COM	COM	281020107	1,119	15,821	SH		SOLE	0	15,821	0	0
EDWARDS LIFESCIENCES CORP COM	COM	28176E108	208	2,172	SH		SOLE	0	2,172	0	0
ELECTRONIC ARTS INC COM	COM	285512109	5,784	43,599	SH		SOLE	0	43,599	0	0
EMERSON ELEC CO COM	COM	291011104	442	3,899	SH		SOLE	0	3,899	0	0
ENTERGY CORP NEW COM	COM	29364G103	175	1,660	SH		SOLE	0	1,660	0	0
EQUINIX INC COM	COM	29444U700	341,866	414,217	SH		SOLE	0	414,217	0	0
EQUITABLE HLDGS INC COM	COM	29452E101	1,586	41,730	SH		SOLE	0	41,730	0	0
EQUITY LIFESTYLE PPTYS INC COM	COM	29472R108	2,533	39,340	SH		SOLE	0	39,340	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	434	6,879	SH		SOLE	0	6,879	0	0
ESSEX PPTY TR INC COM	COM	297178105	88,683	362,252	SH		SOLE	0	362,252	0	0
ETSY INC COM	COM	29786A106	181	2,627	SH		SOLE	0	2,627	0	0
F G ANNUITIES LIFE INC COMMON STOCK	COM	30190A104	216	5,320	SH		SOLE	0	5,320	0	0
EXPEDIA GROUP INC COM NEW	COM	30212P303	10,017	72,716	SH		SOLE	0	72,716	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	14,423	118,641	SH		SOLE	0	118,641	0	0
EXTRA SPACE STORAGE INC COM	COM	30225T102	201,309	1,369,446	SH		SOLE	0	1,369,446	0	0
FMC CORP COM NEW	COM	302491303	33,241	521,835	SH		SOLE	0	521,835	0	0
META PLATFORMS INC CL A	CLASS A	30303M102	81,956	168,780	SH		SOLE	0	168,780	0	0
FACTSET RESH SYS INC COM	COM	303075105	2,545	5,600	SH		SOLE	0	5,600	0	0
FAIR ISAAC CORP COM	COM	303250104	23,271	18,623	SH		SOLE	0	18,623	0	0
FASTENAL CO COM	COM	311900104	18,745	242,999	SH		SOLE	0	242,999	0	0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW	SHS	313745101	61,419	601,442	SH		SOLE	0	601,442	0	0
FEDEX CORP COM	COM	31428X106	1,951	6,734	SH		SOLE	0	6,734	0	0
FIDELITY NATL INFORMATION SV COM	COM	31620M106	1,580	21,302	SH		SOLE	0	21,302	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	3,857	72,645	SH		SOLE	0	72,645	0	0
FIFTH THIRD BANCORP COM	COM	316773100	1,977	53,121	SH		SOLE	0	53,121	0	0
FIRST CTZNS BANCSHARES INC N CL A	CLASS A	31946M103	2,410	1,474	SH		SOLE	0	1,474	0	0
FISERV INC COM	COM	337738108	9,966	62,359	SH		SOLE	0	62,359	0	0
FORTINET INC COM	COM	34959E109	12,008	175,791	SH		SOLE	0	175,791	0	0
FORTIVE CORP COM	COM	34959J108	6,781	78,826	SH		SOLE	0	78,826	0	0
FORTUNE BRANDS INNOVATIONS I COM	COM	34964C106	3,694	43,628	SH		SOLE	0	43,628	0	0
FOX CORP CL A COM	COM	35137L105	1,203	38,460	SH		SOLE	0	38,460	0	0
FRANKLIN RESOURCES INC COM	COM	354613101	1,128	40,117	SH		SOLE	0	40,117	0	0
GALLAGHER ARTHUR J CO COM	COM	363576109	355	1,420	SH		SOLE	0	1,420	0	0
GARTNER INC COM	COM	366651107	20,138	42,247	SH		SOLE	0	42,247	0	0
GENERAL ELECTRIC CO COM NEW	COM	369604301	22,328	127,201	SH		SOLE	0	127,201	0	0
GENTEX CORP COM	COM	371901109	5,799	160,558	SH		SOLE	0	160,558	0	0
GENUINE PARTS CO COM	COM	372460105	973	6,280	SH		SOLE	0	6,280	0	0
GILEAD SCIENCES INC COM	COM	375558103	4,031	55,034	SH		SOLE	0	55,034	0	0
GLOBAL PMTS INC COM	COM	37940X102	489	3,660	SH		SOLE	0	3,660	0	0
GLOBE LIFE INC COM	COM	37959E102	6,417	55,141	SH		SOLE	0	55,141	0	0
GODADDY INC CL A	CLASS A	380237107	5,541	46,687	SH		SOLE	0	46,687	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	4,815	11,527	SH		SOLE	0	11,527	0	0
GRAINGER W W INC COM	COM	384802104	22,423	22,042	SH		SOLE	0	22,042	0	0
HCA HEALTHCARE INC COM	COM	40412C101	13,199	39,575	SH		SOLE	0	39,575	0	0
HDFC BANK LTD SPONSORED ADS	ADS	40415F101	27,595	493,024	SH		SOLE	0	493,024	0	0
HAIN CELESTIAL GROUP INC COM	COM	405217100	32,477	4,131,942	SH		SOLE	0	4,131,942	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	8,668	84,115	SH		SOLE	0	84,115	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	122,326	6,524,045	SH		SOLE	0	6,524,045	0	0
HEICO CORP NEW COM	COM	422806109	6,846	35,843	SH		SOLE	0	35,843	0	0
HENRY JACK ASSOC INC COM	COM	426281101	2,065	11,889	SH		SOLE	0	11,889	0	0
HEWLETT PACKARD ENTERPRISE C COM	COM	42824C109	1,331	75,050	SH		SOLE	0	75,050	0	0
HIGHWOODS PPTYS INC COM	COM	431284108	53,401	2,039,755	SH		SOLE	0	2,039,755	0	0
HILTON WORLDWIDE HLDGS INC COM	COM	43300A203	701	3,286	SH		SOLE	0	3,286	0	0
HOLOGIC INC COM	COM	436440101	7,993	102,530	SH		SOLE	0	102,530	0	0
HOME DEPOT INC COM	COM	437076102	7,688	20,041	SH		SOLE	0	20,041	0	0
HOST HOTELS RESORTS INC COM	COM	44107P104	63,152	3,053,756	SH		SOLE	0	3,053,756	0	0
HOWMET AEROSPACE INC COM	COM	443201108	9,974	145,755	SH		SOLE	0	145,755	0	0
HUBSPOT INC COM	COM	443573100	1,851	2,955	SH		SOLE	0	2,955	0	0
HUNT J B TRANS SVCS INC COM	COM	445658107	5,055	25,368	SH		SOLE	0	25,368	0	0
IDEX CORP COM	COM	45167R104	11,998	49,169	SH		SOLE	0	49,169	0	0
IDEXX LABS INC COM	COM	45168D104	1,640	3,037	SH		SOLE	0	3,037	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	18,888	70,391	SH		SOLE	0	70,391	0	0
ILLUMINA INC COM	COM	452327109	31,251	227,578	SH		SOLE	0	227,578	0	0
INGERSOLL RAND INC COM	COM	45687V106	2,483	26,147	SH		SOLE	0	26,147	0	0
INGREDION INC COM	COM	457187102	1,948	16,672	SH		SOLE	0	16,672	0	0
INTERCONTINENTAL EXCHANGE IN COM	COM	45866F104	1,153	8,388	SH		SOLE	0	8,388	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	9,688	50,732	SH		SOLE	0	50,732	0	0
INTERNATIONAL PAPER CO COM	COM	460146103	274	7,011	SH		SOLE	0	7,011	0	0
INVITATION HOMES INC COM	COM	46187W107	176,812	4,965,248	SH		SOLE	0	4,965,248	0	0
IQVIA HLDGS INC COM	COM	46266C105	1,959	7,747	SH		SOLE	0	7,747	0	0
IRON MTN INC DEL COM	COM	46284V101	1,794	22,369	SH		SOLE	0	22,369	0	0
ITRON INC COM	COM	465741106	68,293	738,139	SH		SOLE	0	738,139	0	0
JPMORGAN CHASE CO COM	COM	46625H100	55,538	277,276	SH		SOLE	0	277,276	0	0
JEFFERIES FINL GROUP INC COM	COM	47233W109	2,905	65,874	SH		SOLE	0	65,874	0	0
KLA CORP COM NEW	COM	482480100	22,436	32,117	SH		SOLE	0	32,117	0	0
KKR CO INC COM	COM	48251W104	1,297	12,892	SH		SOLE	0	12,892	0	0
KEYCORP COM	COM	493267108	179	11,308	SH		SOLE	0	11,308	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	1,347	8,615	SH		SOLE	0	8,615	0	0
KILROY RLTY CORP COM	COM	49427F108	59,357	1,629,354	SH		SOLE	0	1,629,354	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	1,817	14,045	SH		SOLE	0	14,045	0	0
KIMCO RLTY CORP COM	COM	49446R109	42,627	2,173,757	SH		SOLE	0	2,173,757	0	0
LKQ CORP COM	COM	501889208	4,438	83,100	SH		SOLE	0	83,100	0	0
LABORATORY CORP AMER HLDGS COM NEW	COM	50540R409	4,705	21,537	SH		SOLE	0	21,537	0	0
LAM RESEARCH CORP COM	COM	512807108	17,592	18,107	SH		SOLE	0	18,107	0	0
LAMB WESTON HLDGS INC COM	COM	513272104	3,011	28,267	SH		SOLE	0	28,267	0	0
LENNAR CORP CL A	COM	526057104	13,477	78,364	SH		SOLE	0	78,364	0	0
LIBERTY MEDIA CORP DEL COM LBTY SRM S C	CLASS C	531229789	1,354	45,575	SH		SOLE	0	45,575	0	0
LOEWS CORP COM	COM	540424108	13,340	170,397	SH		SOLE	0	170,397	0	0
LOWES COS INC COM	COM	548661107	10,849	42,591	SH		SOLE	0	42,591	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	3,502	8,965	SH		SOLE	0	8,965	0	0
MSCI INC COM	COM	55354G100	3,993	7,125	SH		SOLE	0	7,125	0	0
MANPOWERGROUP INC WIS COM	COM	56418H100	3,455	44,499	SH		SOLE	0	44,499	0	0
MARKEL GROUP INC COM	COM	570535104	8,326	5,472	SH		SOLE	0	5,472	0	0
MARSH MCLENNAN COS INC COM	COM	571748102	19,089	92,676	SH		SOLE	0	92,676	0	0
MARRIOTT INTL INC NEW CL A	CLASS A	571903202	4,737	18,776	SH		SOLE	0	18,776	0	0
MASCO CORP COM	COM	574599106	11,622	147,335	SH		SOLE	0	147,335	0	0
MASTERCARD INCORPORATED CL A	CLASS A	57636Q104	54,056	112,250	SH		SOLE	0	112,250	0	0
MATCH GROUP INC NEW COM	COM	57667L107	274	7,556	SH		SOLE	0	7,556	0	0
MCDONALDS CORP COM	COM	580135101	17,608	62,452	SH		SOLE	0	62,452	0	0
MCKESSON CORP COM	COM	58155Q103	21,523	40,091	SH		SOLE	0	40,091	0	0
MERCADOLIBRE INC COM	COM	58733R102	2,505	1,657	SH		SOLE	0	1,657	0	0
MERCK CO INC COM	COM	58933Y105	1,461	11,072	SH		SOLE	0	11,072	0	0
METLIFE INC COM	COM	59156R108	272	3,667	SH		SOLE	0	3,667	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	16,760	12,589	SH		SOLE	0	12,589	0	0
MICROSOFT CORP COM	COM	594918104	198,024	470,679	SH		SOLE	0	470,679	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	5,109	56,953	SH		SOLE	0	56,953	0	0
MID-AMER APT CMNTYS INC COM	COM	59522J103	3,053	23,201	SH		SOLE	0	23,201	0	0
MOLINA HEALTHCARE INC COM	COM	60855R100	3,808	9,269	SH		SOLE	0	9,269	0	0
MOLSON COORS BEVERAGE CO CL B	CLASS B	60871R209	628	9,340	SH		SOLE	0	9,340	0	0
MOODYS CORP COM	COM	615369105	197	500	SH		SOLE	0	500	0	0
MORGAN STANLEY COM NEW	COM	617446448	926	9,833	SH		SOLE	0	9,833	0	0
MOTOROLA SOLUTIONS INC COM NEW	COM	620076307	11,489	32,364	SH		SOLE	0	32,364	0	0
NVR INC COM	COM	62944T105	17,877	2,207	SH		SOLE	0	2,207	0	0
NASDAQ INC COM	COM	631103108	676	10,708	SH		SOLE	0	10,708	0	0
NETAPP INC COM	COM	64110D104	6,263	59,661	SH		SOLE	0	59,661	0	0
NETFLIX INC COM	COM	64110L106	25,156	41,421	SH		SOLE	0	41,421	0	0
NEXTERA ENERGY INC COM	COM	65339F101	39,549	618,825	SH		SOLE	0	618,825	0	0
NUCOR CORP COM	COM	670346105	11,977	60,518	SH		SOLE	0	60,518	0	0
NVIDIA CORPORATION COM	COM	67066G104	179,854	199,050	SH		SOLE	0	199,050	0	0
OREILLY AUTOMOTIVE INC COM	COM	67103H107	19,650	17,407	SH		SOLE	0	17,407	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	8,399	38,298	SH		SOLE	0	38,298	0	0
OMNICOM GROUP INC COM	COM	681919106	3,465	35,811	SH		SOLE	0	35,811	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	419	5,693	SH		SOLE	0	5,693	0	0
OTIS WORLDWIDE CORP COM	COM	68902V107	16,884	170,081	SH		SOLE	0	170,081	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	510	3,159	SH		SOLE	0	3,159	0	0
PPG INDS INC COM	COM	693506107	2,097	14,471	SH		SOLE	0	14,471	0	0
PTC INC COM	COM	69370C100	858	4,540	SH		SOLE	0	4,540	0	0
PACCAR INC COM	COM	693718108	12,639	102,016	SH		SOLE	0	102,016	0	0
PACKAGING CORP AMER COM	COM	695156109	1,858	9,792	SH		SOLE	0	9,792	0	0
PALANTIR TECHNOLOGIES INC CL A	CLASS A	69608A108	3,024	131,428	SH		SOLE	0	131,428	0	0
PALO ALTO NETWORKS INC COM	COM	697435105	6,343	22,324	SH		SOLE	0	22,324	0	0
PARKER-HANNIFIN CORP COM	COM	701094104	12,703	22,855	SH		SOLE	0	22,855	0	0
PAYCHEX INC COM	COM	704326107	1,690	13,760	SH		SOLE	0	13,760	0	0
PAYPAL HLDGS INC COM	COM	70450Y103	1,240	18,511	SH		SOLE	0	18,511	0	0
PEBBLEBROOK HOTEL TR COM	COM	70509V100	58,454	3,793,259	SH		SOLE	0	3,793,259	0	0
PEPSICO INC COM	COM	713448108	2,708	15,473	SH		SOLE	0	15,473	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	3,113	25,537	SH		SOLE	0	25,537	0	0
PRINCIPAL FINANCIAL GROUP IN COM	COM	74251V102	4,158	48,179	SH		SOLE	0	48,179	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	16,451	101,393	SH		SOLE	0	101,393	0	0
PROLOGIS INC. COM	COM	74340W103	404,376	3,105,328	SH		SOLE	0	3,105,328	0	0
PRUDENTIAL FINL INC COM	COM	744320102	3,812	32,470	SH		SOLE	0	32,470	0	0
PUBLIC SVC ENTERPRISE GRP IN COM	COM	744573106	597	8,934	SH		SOLE	0	8,934	0	0
PUBLIC STORAGE COM	COM	74460D109	44,969	155,035	SH		SOLE	0	155,035	0	0
PULTE GROUP INC COM	COM	745867101	16,384	135,834	SH		SOLE	0	135,834	0	0
QORVO INC COM	COM	74736K101	761	6,628	SH		SOLE	0	6,628	0	0
QUALCOMM INC COM	COM	747525103	9,528	56,279	SH		SOLE	0	56,279	0	0
QUANTA SVCS INC COM	COM	74762E102	2,389	9,196	SH		SOLE	0	9,196	0	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	4,199	31,543	SH		SOLE	0	31,543	0	0
RAYMOND JAMES FINL INC COM	COM	754730109	173	1,350	SH		SOLE	0	1,350	0	0
REALTY INCOME CORP COM	COM	756109104	109,121	2,017,028	SH		SOLE	0	2,017,028	0	0
REGENCY CTRS CORP COM	COM	758849103	3,765	62,176	SH		SOLE	0	62,176	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	34,678	36,029	SH		SOLE	0	36,029	0	0
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	179	8,513	SH		SOLE	0	8,513	0	0
REPUBLIC SVCS INC COM	COM	760759100	465	2,427	SH		SOLE	0	2,427	0	0
REXFORD INDL RLTY INC COM	COM	76169C100	122,326	2,431,927	SH		SOLE	0	2,431,927	0	0
ROBERT HALF INC. COM	COM	770323103	4,391	55,380	SH		SOLE	0	55,380	0	0
ROLLINS INC COM	COM	775711104	3,249	70,223	SH		SOLE	0	70,223	0	0
ROPER TECHNOLOGIES INC COM	COM	776696106	4,851	8,649	SH		SOLE	0	8,649	0	0
ROSS STORES INC COM	COM	778296103	442	3,015	SH		SOLE	0	3,015	0	0
SEI INVTS CO COM	COM	784117103	14,046	195,352	SH		SOLE	0	195,352	0	0
SS C TECHNOLOGIES HLDGS INC COM	COM	78467J100	2,877	44,694	SH		SOLE	0	44,694	0	0
SALESFORCE INC COM	COM	79466L302	12,762	42,373	SH		SOLE	0	42,373	0	0
HENRY SCHEIN INC COM	COM	806407102	8,001	105,943	SH		SOLE	0	105,943	0	0
SERVICENOW INC COM	COM	81762P102	3,149	4,130	SH		SOLE	0	4,130	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	7,649	22,022	SH		SOLE	0	22,022	0	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	190,125	1,214,937	SH		SOLE	0	1,214,937	0	0
SIRIUS XM HOLDINGS INC COM	COM	82968B103	733	189,035	SH		SOLE	0	189,035	0	0
SITE CTRS CORP COM	COM	82981J109	60,997	4,163,628	SH		SOLE	0	4,163,628	0	0
SKYWORKS SOLUTIONS INC COM	COM	83088M102	257	2,369	SH		SOLE	0	2,369	0	0
SNAP ON INC COM	COM	833034101	13,860	46,791	SH		SOLE	0	46,791	0	0
SOLAREDGE TECHNOLOGIES INC COM	COM	83417M104	37,666	530,662	SH		SOLE	0	530,662	0	0
SPROUTS FMRS MKT INC COM	COM	85208M102	11,081	171,855	SH		SOLE	0	171,855	0	0
STANLEY BLACK DECKER INC COM	COM	854502101	178	1,818	SH		SOLE	0	1,818	0	0
STATE STR CORP COM	COM	857477103	1,630	21,082	SH		SOLE	0	21,082	0	0
STEEL DYNAMICS INC COM	COM	858119100	10,416	70,269	SH		SOLE	0	70,269	0	0
STRYKER CORPORATION COM	COM	863667101	2,456	6,864	SH		SOLE	0	6,864	0	0
SUN CMNTYS INC COM	COM	866674104	61,669	479,613	SH		SOLE	0	479,613	0	0
SUNRUN INC COM	COM	86771W105	12,627	958,045	SH		SOLE	0	958,045	0	0
SYNOPSYS INC COM	COM	871607107	13,091	22,907	SH		SOLE	0	22,907	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	6,740	156,316	SH		SOLE	0	156,316	0	0
TJX COS INC NEW COM	COM	872540109	14,424	142,217	SH		SOLE	0	142,217	0	0
TELEDYNE TECHNOLOGIES INC COM	COM	879360105	193	449	SH		SOLE	0	449	0	0
TERADYNE INC COM	COM	880770102	4,225	37,450	SH		SOLE	0	37,450	0	0
TEXAS INSTRS INC COM	COM	882508104	437	2,509	SH		SOLE	0	2,509	0	0
THE TRADE DESK INC COM CL A	CLASS A	88339J105	1,570	17,955	SH		SOLE	0	17,955	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	115,380	198,517	SH		SOLE	0	198,517	0	0
TRANSDIGM GROUP INC COM	COM	893641100	3,396	2,757	SH		SOLE	0	2,757	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	8,492	36,901	SH		SOLE	0	36,901	0	0
TRUIST FINL CORP COM	COM	89832Q109	611	15,679	SH		SOLE	0	15,679	0	0
TWILIO INC CL A	CLASS A	90138F102	240	3,924	SH		SOLE	0	3,924	0	0
UDR INC COM	COM	902653104	120,151	3,211,724	SH		SOLE	0	3,211,724	0	0
US BANCORP DEL COM NEW	COM	902973304	301	6,741	SH		SOLE	0	6,741	0	0
UBER TECHNOLOGIES INC COM	COM	90353T100	686	8,912	SH		SOLE	0	8,912	0	0
UBIQUITI INC COM	COM	90353W103	464	4,003	SH		SOLE	0	4,003	0	0
ULTA BEAUTY INC COM	COM	90384S303	2,023	3,869	SH		SOLE	0	3,869	0	0
UNION PAC CORP COM	COM	907818108	164	668	SH		SOLE	0	668	0	0
UNITED AIRLS HLDGS INC COM	COM	910047109	327	6,831	SH		SOLE	0	6,831	0	0
UNITED RENTALS INC COM	COM	911363109	11,282	15,645	SH		SOLE	0	15,645	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	2,954	5,971	SH		SOLE	0	5,971	0	0
UNITY SOFTWARE INC COM	COM	91332U101	693	25,959	SH		SOLE	0	25,959	0	0
UNIVERSAL HLTH SVCS INC CL B	CLASS B	913903100	607	3,327	SH		SOLE	0	3,327	0	0
VENTAS INC COM	COM	92276F100	266	6,098	SH		SOLE	0	6,098	0	0
VERISIGN INC COM	COM	92343E102	15,142	79,903	SH		SOLE	0	79,903	0	0
VERISK ANALYTICS INC COM	COM	92345Y106	7,783	33,018	SH		SOLE	0	33,018	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	2,630	6,291	SH		SOLE	0	6,291	0	0
VISA INC COM CL A	CLASS A	92826C839	56,942	204,034	SH		SOLE	0	204,034	0	0
VISTRA CORP COM	COM	92840M102	2,879	41,336	SH		SOLE	0	41,336	0	0
VONTIER CORPORATION COM	COM	928881101	6,267	138,155	SH		SOLE	0	138,155	0	0
VOYA FINANCIAL INC COM	COM	929089100	2,927	39,593	SH		SOLE	0	39,593	0	0
VULCAN MATLS CO COM	COM	929160109	200	732	SH		SOLE	0	732	0	0
WP CAREY INC COM	COM	92936U109	119,039	2,109,122	SH		SOLE	0	2,109,122	0	0
WK KELLOGG CO COM SHS	SHS	92942W107	137	7,285	SH		SOLE	0	7,285	0	0
WABTEC COM	COM	929740108	5,448	37,398	SH		SOLE	0	37,398	0	0
WASTE MGMT INC DEL COM	COM	94106L109	3,297	15,469	SH		SOLE	0	15,469	0	0
WATERS CORP COM	COM	941848103	4,892	14,211	SH		SOLE	0	14,211	0	0
WELLTOWER INC COM	COM	95040Q104	225,985	2,418,507	SH		SOLE	0	2,418,507	0	0
WEST PHARMACEUTICAL SVSC INC COM	COM	955306105	5,292	13,374	SH		SOLE	0	13,374	0	0
WESTERN UN CO COM	COM	959802109	1,407	100,675	SH		SOLE	0	100,675	0	0
WESTLAKE CORPORATION COM	COM	960413102	408	2,668	SH		SOLE	0	2,668	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM	962166104	3,459	96,337	SH		SOLE	0	96,337	0	0
XYLEM INC COM	COM	98419M100	885	6,844	SH		SOLE	0	6,844	0	0
YUM BRANDS INC COM	COM	988498101	17,475	126,037	SH		SOLE	0	126,037	0	0
ZILLOW GROUP INC CL A	CLASS A	98954M101	2,900	60,585	SH		SOLE	0	60,585	0	0
ZIMMER BIOMET HOLDINGS INC COM	COM	98956P102	2,983	22,603	SH		SOLE	0	22,603	0	0
ZOETIS INC CL A	CLASS A	98978V103	4,950	29,252	SH		SOLE	0	29,252	0	0
ZSCALER INC COM	COM	98980G102	791	4,108	SH		SOLE	0	4,108	0	0
CBOE GLOBAL MKTS INC COM	COM	12503M108	6,011	32,719	SH		SOLE	0	32,719	0	0