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	ORD	G0176J109	9,592	65,817	SH		SOLE	0	65,817	0	0
AMDOCS LTD SHS	COM	G02602103	6,886	78,714	SH		SOLE	0	78,714	0	0
ARCH CAP GROUP LTD ORD	ORD	G0450A105	14,710	131,481	SH		SOLE	0	131,481	0	0
ACCENTURE PLC IRELAND SHS CLASS A	CLASS A	G1151C101	5,386	15,238	SH		SOLE	0	15,238	0	0
EATON CORP PLC SHS	COM	G29183103	764	2,305	SH		SOLE	0	2,305	0	0
EVEREST GROUP LTD COM	COM	G3223R108	5,136	13,108	SH		SOLE	0	13,108	0	0
JOHNSON CTLS INTL PLC SHS	COM	G51502105	3,770	48,572	SH		SOLE	0	48,572	0	0
LINDE PLC SHS	COM	G54950103	72,665	152,382	SH		SOLE	0	152,382	0	0
MEDTRONIC PLC SHS	COM	G5960L103	102,426	1,137,690	SH		SOLE	0	1,137,690	0	0
APTIV PLC SHS	COM	G6095L109	12,565	174,492	SH		SOLE	0	174,492	0	0
PENTAIR PLC SHS	COM	G7S00T104	21,388	218,714	SH		SOLE	0	218,714	0	0
TE CONNECTIVITY PLC ORD SHS ADDED	ORD	G87052109	11,135	73,745	SH		SOLE	0	73,745	0	0
TRANE TECHNOLOGIES PLC SHS	COM	G8994E103	21,612	55,596	SH		SOLE	0	55,596	0	0
WILLIS TOWERS WATSON PLC LTD SHS	COM	G96629103	5,325	18,080	SH		SOLE	0	18,080	0	0
BUNGE GLOBAL SA COM SHS	COM	H11356104	147	1,519	SH		SOLE	0	1,519	0	0
CHUBB LIMITED COM	COM	H1467J104	15,102	52,366	SH		SOLE	0	52,366	0	0
GARMIN LTD SHS	COM	H2906T109	5,416	30,766	SH		SOLE	0	30,766	0	0
ADECOAGRO S A COM	COM	L00849106	49,815	4,500,000	SH		SOLE	0	4,500,000	0	0
SPOTIFY TECHNOLOGY S A SHS	COM	L8681T102	6,362	17,264	SH		SOLE	0	17,264	0	0
LYONDELLBASELL INDUSTRIES N SHS - A -	CLASS A	N53745100	2,124	22,148	SH		SOLE	0	22,148	0	0
NXP SEMICONDUCTORS N V COM	COM	N6596X109	6,330	26,374	SH		SOLE	0	26,374	0	0
FLEX LTD ORD	ORD	Y2573F102	8,058	241,033	SH		SOLE	0	241,033	0	0
AFLAC INC COM	COM	001055102	21,259	190,150	SH		SOLE	0	190,150	0	0
AT T INC COM	COM	00206R102	10,623	482,846	SH		SOLE	0	482,846	0	0
ABBOTT LABS COM	COM	002824100	75,077	658,510	SH		SOLE	0	658,510	0	0
ABBVIE INC COM	COM	00287Y109	14,167	71,741	SH		SOLE	0	71,741	0	0
ADOBE INC COM	COM	00724F101	15,033	29,034	SH		SOLE	0	29,034	0	0
ADVANCED DRAIN SYS INC DEL COM	COM	00790R104	12,823	81,590	SH		SOLE	0	81,590	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	7,321	49,304	SH		SOLE	0	49,304	0	0
AGREE RLTY CORP COM	COM	008492100	12,403	164,648	SH		SOLE	0	164,648	0	0
AIRBNB INC COM CL A	CLASS A	009066101	429	3,386	SH		SOLE	0	3,386	0	0
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	3,110	30,808	SH		SOLE	0	30,808	0	0
ALBEMARLE CORP COM	COM	012653101	50,591	534,169	SH		SOLE	0	534,169	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	3,076	25,901	SH		SOLE	0	25,901	0	0
ALLY FINL INC COM	COM	02005N100	3,702	104,026	SH		SOLE	0	104,026	0	0
ALPHABET INC CAP STK CL A	CLASS A	02079K305	134,162	808,933	SH		SOLE	0	808,933	0	0
AMAZON COM INC COM	COM	023135106	90,324	484,755	SH		SOLE	0	484,755	0	0
AMERICAN EXPRESS CO COM	COM	025816109	23,531	86,766	SH		SOLE	0	86,766	0	0
AMERICAN HOMES 4 RENT CL A	CLASS A	02665T306	38,031	990,648	SH		SOLE	0	990,648	0	0
AMERICAN INTL GROUP INC COM NEW	NEW	026874784	15,010	204,969	SH		SOLE	0	204,969	0	0
AMERICAN WTR WKS CO INC NEW COM	COM	030420103	10,908	74,587	SH		SOLE	0	74,587	0	0
AMERICOLD REALTY TRUST INC COM	COM	03064D108	138,612	4,903,154	SH		SOLE	0	4,903,154	0	0
CENCORA INC COM	COM	03073E105	18,493	82,160	SH		SOLE	0	82,160	0	0
AMERIPRISE FINL INC COM	COM	03076C106	15,145	32,237	SH		SOLE	0	32,237	0	0
AMETEK INC COM	COM	031100100	5,454	31,762	SH		SOLE	0	31,762	0	0
AMPHENOL CORP NEW CL A	CLASS A	032095101	12,907	198,087	SH		SOLE	0	198,087	0	0
ANALOG DEVICES INC COM	COM	032654105	193	837	SH		SOLE	0	837	0	0
ANNALY CAPITAL MANAGEMENT IN COM NEW	NEW	035710839	10,848	540,499	SH		SOLE	0	540,499	0	0
ELEVANCE HEALTH INC COM	COM	036752103	1,152	2,215	SH		SOLE	0	2,215	0	0
APOLLO GLOBAL MGMT INC COM	COM	03769M106	1,073	8,593	SH		SOLE	0	8,593	0	0
APPLE INC COM	COM	037833100	247,039	1,060,255	SH		SOLE	0	1,060,255	0	0
APPLIED MATLS INC COM	COM	038222105	28,111	139,128	SH		SOLE	0	139,128	0	0
APPLOVIN CORP COM CL A	CLASS A	03831W108	418	3,200	SH		SOLE	0	3,200	0	0
ARCHER DANIELS MIDLAND CO COM	COM	039483102	25,457	426,138	SH		SOLE	0	426,138	0	0
ARGENX SE SPONSORED ADR	ADR	04016X101	34,915	64,409	SH		SOLE	0	64,409	0	0
ARISTA NETWORKS INC COM	COM	040413106	219	570	SH		SOLE	0	570	0	0
ARROW ELECTRS INC COM	COM	042735100	2,189	16,477	SH		SOLE	0	16,477	0	0
ASSURANT INC COM	COM	04621X108	2,815	14,156	SH		SOLE	0	14,156	0	0
ATMOS ENERGY CORP COM	COM	049560105	7,451	53,719	SH		SOLE	0	53,719	0	0
AUTODESK INC COM	COM	052769106	1,054	3,826	SH		SOLE	0	3,826	0	0
AUTOLIV INC COM	COM	052800109	289	3,098	SH		SOLE	0	3,098	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	11,600	41,919	SH		SOLE	0	41,919	0	0
AUTOZONE INC COM	COM	053332102	13,592	4,315	SH		SOLE	0	4,315	0	0
AVALONBAY CMNTYS INC COM	COM	053484101	1,280	5,682	SH		SOLE	0	5,682	0	0
AVANGRID INC COM	COM	05351W103	1,555	43,453	SH		SOLE	0	43,453	0	0
AVANTOR INC COM	COM	05352A100	234	9,036	SH		SOLE	0	9,036	0	0
AVERY DENNISON CORP COM	COM	053611109	7,459	33,787	SH		SOLE	0	33,787	0	0
BALL CORP COM	COM	058498106	610	8,980	SH		SOLE	0	8,980	0	0
BANK AMERICA CORP COM	COM	060505104	25,584	644,748	SH		SOLE	0	644,748	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	13,854	192,797	SH		SOLE	0	192,797	0	0
BATH BODY WORKS INC COM	COM	070830104	497	15,577	SH		SOLE	0	15,577	0	0
BERKLEY W R CORP COM	COM	084423102	4,663	82,195	SH		SOLE	0	82,195	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	NEW	084670702	44,897	97,548	SH		SOLE	0	97,548	0	0
BEST BUY INC COM	COM	086516101	219	2,117	SH		SOLE	0	2,117	0	0
BIOMARIN PHARMACEUTICAL INC COM	COM	09061G101	15,294	217,581	SH		SOLE	0	217,581	0	0
BLACKROCK INC COM	COM	09247X101	3,888	4,095	SH		SOLE	0	4,095	0	0
BLOCK H R INC COM	COM	093671105	3,745	58,924	SH		SOLE	0	13,163	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	45,748	10,861	SH		SOLE	0	10,861	0	0
BOSTON SCIENTIFIC CORP COM	COM	101137107	10,945	130,612	SH		SOLE	0	130,612	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	4,019	77,685	SH		SOLE	0	77,685	0	0
BRIXMOR PPTY GROUP INC COM	COM	11120U105	104,788	3,761,248	SH		SOLE	0	3,761,248	0	0
BROADRIDGE FINL SOLUTIONS IN COM	COM	11133T103	1,940	9,021	SH		SOLE	0	9,021	0	0
BROADCOM INC COM	COM	11135F101	18,581	107,718	SH		SOLE	0	107,718	0	0
BROWN BROWN INC COM	COM	115236101	1,855	17,910	SH		SOLE	0	17,910	0	0
BUILDERS FIRSTSOURCE INC COM	COM	12008R107	10,703	55,212	SH		SOLE	0	55,212	0	0
BURLINGTON STORES INC COM	COM	122017106	800	3,037	SH		SOLE	0	3,037	0	0
CBOE GLOBAL MKTS INC COM	COM	12503M108	1,482	7,234	SH		SOLE	0	7,234	0	0
CBRE GROUP INC CL A	CLASS A	12504L109	2,736	21,981	SH		SOLE	0	21,981	0	0
CDW CORP COM	COM	12514G108	5,329	23,548	SH		SOLE	0	23,548	0	0
THE CIGNA GROUP COM	COM	125523100	13,148	37,951	SH		SOLE	0	37,951	0	0
CNA FINL CORP COM	COM	126117100	3,965	81,008	SH		SOLE	0	81,008	0	0
CSX CORP COM	COM	126408103	5,094	147,513	SH		SOLE	0	147,513	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	3,511	12,955	SH		SOLE	0	12,955	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	6,893	46,039	SH		SOLE	0	46,039	0	0
CARDINAL HEALTH INC COM	COM	14149Y108	13,108	118,601	SH		SOLE	0	118,601	0	0
CARRIER GLOBAL CORPORATION COM	COM	14448C104	3,741	46,472	SH		SOLE	0	46,472	0	0
CELANESE CORP DEL COM	COM	150870103	137	1,006	SH		SOLE	0	1,006	0	0
CENTENE CORP DEL COM	COM	15135B101	4,710	62,571	SH		SOLE	0	62,571	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	6,789	117,817	SH		SOLE	0	117,817	0	0
CINCINNATI FINL CORP COM	COM	172062101	1,085	7,971	SH		SOLE	0	7,971	0	0
CISCO SYS INC COM	COM	17275R102	6,102	114,661	SH		SOLE	0	114,661	0	0
CINTAS CORP COM	COM	172908105	29,035	141,028	SH		SOLE	0	141,028	0	0
CITIGROUP INC COM NEW	NEW	172967424	17,769	283,845	SH		SOLE	0	283,845	0	0
CITIZENS FINL GROUP INC COM	COM	174610105	3,258	79,325	SH		SOLE	0	79,325	0	0
COCA COLA CO COM	COM	191216100	7,834	109,012	SH		SOLE	0	109,012	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CLASS A	192446102	10,089	130,719	SH		SOLE	0	130,719	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	16,361	157,608	SH		SOLE	0	157,608	0	0
COMCAST CORP NEW CL A	CLASS A	20030N101	23,105	553,147	SH		SOLE	0	553,147	0	0
COMMERCE BANCSHARES INC COM	COM	200525103	3,063	51,573	SH		SOLE	0	51,573	0	0
CONSOLIDATED EDISON INC COM	COM	209115104	818	7,856	SH		SOLE	0	7,856	0	0
COPART INC COM	COM	217204106	173	3,303	SH		SOLE	0	3,303	0	0
CORPAY INC COM SHS	COM	219948106	7,329	23,432	SH		SOLE	0	23,432	0	0
CORTEVA INC COM	COM	22052L104	44,858	763,023	SH		SOLE	0	763,023	0	0
COSTCO WHSL CORP NEW COM	COM	22160K105	20,593	23,229	SH		SOLE	0	23,229	0	0
CROWDSTRIKE HLDGS INC CL A	CLASS A	22788C105	4,362	15,553	SH		SOLE	0	15,553	0	0
CUBESMART COM	COM	229663109	50,807	943,848	SH		SOLE	0	943,848	0	0
CUMMINS INC COM	COM	231021106	5,772	17,825	SH		SOLE	0	17,825	0	0
D R HORTON INC COM	COM	23331A109	8,427	44,172	SH		SOLE	0	44,172	0	0
DANAHER CORPORATION COM	COM	235851102	8,703	31,305	SH		SOLE	0	31,305	0	0
DARDEN RESTAURANTS INC COM	COM	237194105	5,255	32,020	SH		SOLE	0	32,020	0	0
DAVITA INC COM	COM	23918K108	1,178	7,187	SH		SOLE	0	7,187	0	0
DEERE CO COM	COM	244199105	5,709	13,680	SH		SOLE	0	13,680	0	0
DELTA AIR LINES INC DEL COM NEW	NEW	247361702	1,201	23,643	SH		SOLE	0	23,643	0	0
DIGITAL RLTY TR INC COM	COM	253868103	51,844	320,360	SH		SOLE	0	320,360	0	0
DISNEY WALT CO COM	COM	254687106	4,970	51,666	SH		SOLE	0	51,666	0	0
DISCOVER FINL SVCS COM	COM	254709108	4,505	32,110	SH		SOLE	0	32,110	0	0
DOCUSIGN INC COM	COM	256163106	4,412	71,058	SH		SOLE	0	71,058	0	0
DOMINOS PIZZA INC COM	COM	25754A201	4,406	10,243	SH		SOLE	0	10,243	0	0
DOORDASH INC CL A	CLASS A	25809K105	1,458	10,218	SH		SOLE	0	10,218	0	0
DOVER CORP COM	COM	260003108	13,872	72,346	SH		SOLE	0	72,346	0	0
DOW INC COM	COM	260557103	823	15,074	SH		SOLE	0	15,074	0	0
DUPONT DE NEMOURS INC COM	COM	26614N102	1,640	18,403	SH		SOLE	0	18,403	0	0
EASTMAN CHEM CO COM	COM	277432100	595	5,319	SH		SOLE	0	5,319	0	0
EBAY INC. COM	COM	278642103	4,736	72,731	SH		SOLE	0	72,731	0	0
ECOLAB INC COM	COM	278865100	10,058	39,392	SH		SOLE	0	39,392	0	0
EDISON INTL COM	COM	281020107	1,378	15,821	SH		SOLE	0	15,821	0	0
ELECTRONIC ARTS INC COM	COM	285512109	6,312	44,006	SH		SOLE	0	44,006	0	0
EQUINIX INC COM	COM	29444U700	386,585	435,525	SH		SOLE	0	435,525	0	0
EQUITABLE HLDGS INC COM	COM	29452E101	5,969	142,006	SH		SOLE	0	142,006	0	0
EQUITY LIFESTYLE PPTYS INC COM	COM	29472R108	137,118	1,922,032	SH		SOLE	0	1,922,032	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	799	10,736	SH		SOLE	0	10,736	0	0
ESSEX PPTY TR INC COM	COM	297178105	3,271	11,072	SH		SOLE	0	11,072	0	0
ETSY INC COM	COM	29786A106	146	2,627	SH		SOLE	0	2,627	0	0
F G ANNUITIES LIFE INC COMMON STOCK	COM	30190A104	238	5,320	SH		SOLE	0	5,320	0	0
EXPEDIA GROUP INC COM NEW	NEW	30212P303	9,857	66,595	SH		SOLE	0	66,595	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	13,141	100,011	SH		SOLE	0	100,011	0	0
EXTRA SPACE STORAGE INC COM	COM	30225T102	237,037	1,315,485	SH		SOLE	0	1,315,485	0	0
FMC CORP COM NEW	NEW	302491303	34,410	521,835	SH		SOLE	0	521,835	0	0
META PLATFORMS INC CL A	CLASS A	30303M102	104,573	182,680	SH		SOLE	0	182,680	0	0
FACTSET RESH SYS INC COM	COM	303075105	664	1,444	SH		SOLE	0	1,444	0	0
FAIR ISAAC CORP COM	COM	303250104	30,857	15,877	SH		SOLE	0	15,877	0	0
FASTENAL CO COM	COM	311900104	14,183	198,586	SH		SOLE	0	198,586	0	0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW	NEW	313745101	1,329	11,561	SH		SOLE	0	11,561	0	0
FEDEX CORP COM	COM	31428X106	1,843	6,734	SH		SOLE	0	6,734	0	0
FIDELITY NATL INFORMATION SV COM	COM	31620M106	12,093	144,391	SH		SOLE	0	144,391	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	4,427	71,332	SH		SOLE	0	71,332	0	0
FIFTH THIRD BANCORP COM	COM	316773100	4,666	108,921	SH		SOLE	0	108,921	0	0
FIRST CTZNS BANCSHARES INC N CL A	CLASS A	31946M103	2,714	1,474	SH		SOLE	0	1,474	0	0
FISERV INC COM	COM	337738108	12,870	71,642	SH		SOLE	0	71,642	0	0
FORTINET INC COM	COM	34959E109	10,580	136,423	SH		SOLE	0	136,423	0	0
FORTIVE CORP COM	COM	34959J108	5,130	64,998	SH		SOLE	0	64,998	0	0
FORTUNE BRANDS INNOVATIONS I COM	COM	34964C106	4,043	45,157	SH		SOLE	0	45,157	0	0
FOX CORP CL A COM	COM	35137L105	4,152	98,087	SH		SOLE	0	98,087	0	0
FREEPORT-MCMORAN INC CL B	CLASS B	35671D857	631	12,633	SH		SOLE	0	12,633	0	0
GARTNER INC COM	COM	366651107	19,127	37,743	SH		SOLE	0	37,743	0	0
GE VERNOVA INC COM	COM	36828A101	1,649	6,467	SH		SOLE	0	6,467	0	0
GE AEROSPACE COM NEW	NEW	369604301	17,892	94,880	SH		SOLE	0	94,880	0	0
GENUINE PARTS CO COM	COM	372460105	777	5,561	SH		SOLE	0	5,561	0	0
GLOBE LIFE INC COM	COM	37959E102	1,886	17,808	SH		SOLE	0	17,808	0	0
GODADDY INC CL A	CLASS A	380237107	15,968	101,851	SH		SOLE	0	101,851	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	16,656	33,642	SH		SOLE	0	33,642	0	0
GRAIL INC COM	COM	384747101	943	68,560	SH		SOLE	0	68,560	0	0
GRAINGER W W INC COM	COM	384802104	22,897	22,042	SH		SOLE	0	22,042	0	0
HCA HEALTHCARE INC COM	COM	40412C101	15,027	36,974	SH		SOLE	0	36,974	0	0
HDFC BANK LTD SPONSORED ADS	ADS	40415F101	33,183	530,425	SH		SOLE	0	530,425	0	0
HAIN CELESTIAL GROUP INC COM	COM	405217100	36,107	4,183,854	SH		SOLE	0	4,183,854	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	10,782	91,674	SH		SOLE	0	91,674	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	167,841	7,338,914	SH		SOLE	0	7,338,914	0	0
HEICO CORP NEW COM	COM	422806109	5,653	21,619	SH		SOLE	0	21,619	0	0
HENRY JACK ASSOC INC COM	COM	426281101	2,099	11,889	SH		SOLE	0	11,889	0	0
HEWLETT PACKARD ENTERPRISE C COM	COM	42824C109	1,482	72,442	SH		SOLE	0	72,442	0	0
HIGHWOODS PPTYS INC COM	COM	431284108	96,909	2,891,946	SH		SOLE	0	2,891,946	0	0
HILTON WORLDWIDE HLDGS INC COM	COM	43300A203	5,810	25,205	SH		SOLE	0	25,205	0	0
HOLOGIC INC COM	COM	436440101	7,441	91,343	SH		SOLE	0	91,343	0	0
HOME DEPOT INC COM	COM	437076102	11,113	27,426	SH		SOLE	0	27,426	0	0
HOST HOTELS RESORTS INC COM	COM	44107P104	54,798	3,113,528	SH		SOLE	0	3,113,528	0	0
HOWMET AEROSPACE INC COM	COM	443201108	10,174	101,486	SH		SOLE	0	101,486	0	0
HUBSPOT INC COM	COM	443573100	1,571	2,955	SH		SOLE	0	2,955	0	0
HUNT J B TRANS SVCS INC COM	COM	445658107	331	1,920	SH		SOLE	0	1,920	0	0
IDEX CORP COM	COM	45167R104	9,086	42,359	SH		SOLE	0	42,359	0	0
IDEXX LABS INC COM	COM	45168D104	1,534	3,037	SH		SOLE	0	3,037	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	21,450	81,850	SH		SOLE	0	81,850	0	0
ILLUMINA INC COM	COM	452327109	59,653	457,423	SH		SOLE	0	457,423	0	0
INGERSOLL RAND INC COM	COM	45687V106	2,806	28,586	SH		SOLE	0	28,586	0	0
INGREDION INC COM	COM	457187102	2,291	16,672	SH		SOLE	0	16,672	0	0
INTERCONTINENTAL EXCHANGE IN COM	COM	45866F104	1,102	6,863	SH		SOLE	0	6,863	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	5,732	25,927	SH		SOLE	0	25,927	0	0
INTERPUBLIC GROUP COS INC COM	COM	460690100	173	5,467	SH		SOLE	0	5,467	0	0
INTUITIVE SURGICAL INC COM NEW	NEW	46120E602	121	246	SH		SOLE	0	246	0	0
INVITATION HOMES INC COM	COM	46187W107	180,905	5,130,595	SH		SOLE	0	5,130,595	0	0
IQVIA HLDGS INC COM	COM	46266C105	3,186	13,446	SH		SOLE	0	13,446	0	0
IRON MTN INC DEL COM	COM	46284V101	128,770	1,083,653	SH		SOLE	0	1,083,653	0	0
ITRON INC COM	COM	465741106	62,712	587,133	SH		SOLE	0	587,133	0	0
JPMORGAN CHASE CO. COM	COM	46625H100	61,185	290,167	SH		SOLE	0	290,167	0	0
JEFFERIES FINL GROUP INC COM	COM	47233W109	2,826	45,911	SH		SOLE	0	45,911	0	0
KLA CORP COM NEW	NEW	482480100	24,872	32,117	SH		SOLE	0	32,117	0	0
KEYCORP COM	COM	493267108	256	15,303	SH		SOLE	0	15,303	0	0
KILROY RLTY CORP COM	COM	49427F108	127,204	3,286,928	SH		SOLE	0	3,286,928	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	3,453	24,272	SH		SOLE	0	24,272	0	0
LKQ CORP COM	COM	501889208	2,209	55,334	SH		SOLE	0	55,334	0	0
LABCORP HOLDINGS INC COM SHS	COM	504922105	4,813	21,537	SH		SOLE	0	21,537	0	0
LAM RESEARCH CORP COM	COM	512807108	18,461	22,621	SH		SOLE	0	22,621	0	0
LENNAR CORP CL A	CLASS A	526057104	10,957	58,445	SH		SOLE	0	58,445	0	0
ELI LILLY CO COM	COM	532457108	20,913	23,605	SH		SOLE	0	23,605	0	0
LINEAGE INC COM ADDED	COM	53566V106	9,846	125,621	SH		SOLE	0	125,621	0	0
LOEWS CORP COM	COM	540424108	13,541	171,292	SH		SOLE	0	171,292	0	0
LOWES COS INC COM	COM	548661107	13,862	51,179	SH		SOLE	0	51,179	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	767	2,825	SH		SOLE	0	2,825	0	0
MSCI INC COM	COM	55354G100	3,553	6,095	SH		SOLE	0	6,095	0	0
MARKEL GROUP INC COM	COM	570535104	8,583	5,472	SH		SOLE	0	5,472	0	0
MARSH MCLENNAN COS INC COM	COM	571748102	19,892	89,165	SH		SOLE	0	89,165	0	0
MARRIOTT INTL INC NEW CL A	CLASS A	571903202	2,811	11,309	SH		SOLE	0	11,309	0	0
MASCO CORP COM	COM	574599106	15,745	187,577	SH		SOLE	0	187,577	0	0
MASTERCARD INCORPORATED CL A	CLASS A	57636Q104	57,022	115,475	SH		SOLE	0	115,475	0	0
MATCH GROUP INC NEW COM	COM	57667L107	288	7,619	SH		SOLE	0	7,619	0	0
MCDONALDS CORP COM	COM	580135101	2,925	9,607	SH		SOLE	0	9,607	0	0
MCKESSON CORP COM	COM	58155Q103	19,772	39,991	SH		SOLE	0	39,991	0	0
MERCK CO INC COM	COM	58933Y105	10,794	95,052	SH		SOLE	0	95,052	0	0
METLIFE INC COM	COM	59156R108	6,516	78,995	SH		SOLE	0	78,995	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	18,880	12,589	SH		SOLE	0	12,589	0	0
MICROSOFT CORP COM	COM	594918104	212,832	494,614	SH		SOLE	0	494,614	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	4,454	55,478	SH		SOLE	0	55,478	0	0
MID-AMER APT CMNTYS INC COM	COM	59522J103	3,463	21,795	SH		SOLE	0	21,795	0	0
MOODYS CORP COM	COM	615369105	1,790	3,772	SH		SOLE	0	3,772	0	0
MORGAN STANLEY COM NEW	NEW	617446448	2,627	25,199	SH		SOLE	0	25,199	0	0
MOTOROLA SOLUTIONS INC COM NEW	NEW	620076307	15,547	34,578	SH		SOLE	0	34,578	0	0
NVR INC COM	COM	62944T105	21,468	2,188	SH		SOLE	0	2,188	0	0
NETAPP INC COM	COM	64110D104	7,331	59,356	SH		SOLE	0	59,356	0	0
NETFLIX INC COM	COM	64110L106	33,907	47,806	SH		SOLE	0	47,806	0	0
NEXTERA ENERGY INC COM	COM	65339F101	17,429	206,193	SH		SOLE	0	206,193	0	0
NISOURCE INC COM	COM	65473P105	225	6,498	SH		SOLE	0	6,498	0	0
GEN DIGITAL INC COM	COM	668771108	1,744	63,582	SH		SOLE	0	63,582	0	0
NUCOR CORP COM	COM	670346105	8,812	58,613	SH		SOLE	0	58,613	0	0
NVIDIA CORPORATION COM	COM	67066G104	230,475	1,897,848	SH		SOLE	0	1,897,848	0	0
OREILLY AUTOMOTIVE INC COM	COM	67103H107	12,412	10,778	SH		SOLE	0	10,778	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	2,265	11,403	SH		SOLE	0	11,403	0	0
OMNICOM GROUP INC COM	COM	681919106	3,859	37,324	SH		SOLE	0	37,324	0	0
OTIS WORLDWIDE CORP COM	COM	68902V107	17,092	164,442	SH		SOLE	0	164,442	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	3,776	20,428	SH		SOLE	0	20,428	0	0
PPG INDS INC COM	COM	693506107	1,917	14,471	SH		SOLE	0	14,471	0	0
PTC INC COM	COM	69370C100	820	4,540	SH		SOLE	0	4,540	0	0
PACCAR INC COM	COM	693718108	10,058	101,923	SH		SOLE	0	101,923	0	0
PACKAGING CORP AMER COM	COM	695156109	2,109	9,792	SH		SOLE	0	9,792	0	0
PALANTIR TECHNOLOGIES INC CL A	CLASS A	69608A108	802	21,570	SH		SOLE	0	21,570	0	0
PALO ALTO NETWORKS INC COM	COM	697435105	1,088	3,182	SH		SOLE	0	3,182	0	0
PARKER-HANNIFIN CORP COM	COM	701094104	14,440	22,855	SH		SOLE	0	22,855	0	0
PAYCHEX INC COM	COM	704326107	3,060	22,804	SH		SOLE	0	22,804	0	0
PAYPAL HLDGS INC COM	COM	70450Y103	5,075	65,036	SH		SOLE	0	65,036	0	0
PEPSICO INC COM	COM	713448108	1,179	6,936	SH		SOLE	0	6,936	0	0
PINTEREST INC CL A	CLASS A	72352L106	1,232	38,047	SH		SOLE	0	38,047	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	2,899	26,611	SH		SOLE	0	26,611	0	0
PRINCIPAL FINANCIAL GROUP IN COM	COM	74251V102	4,139	48,179	SH		SOLE	0	48,179	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	27,454	158,510	SH		SOLE	0	158,510	0	0
PROGRESSIVE CORP COM	COM	743315103	1,582	6,234	SH		SOLE	0	6,234	0	0
PROLOGIS INC. COM	COM	74340W103	256,712	2,032,880	SH		SOLE	0	2,032,880	0	0
PRUDENTIAL FINL INC COM	COM	744320102	7,906	65,284	SH		SOLE	0	65,284	0	0
PUBLIC SVC ENTERPRISE GRP IN COM	COM	744573106	547	6,131	SH		SOLE	0	6,131	0	0
PUBLIC STORAGE OPER CO COM	COM	74460D109	70,056	192,531	SH		SOLE	0	192,531	0	0
PULTE GROUP INC COM	COM	745867101	16,713	116,445	SH		SOLE	0	116,445	0	0
QORVO INC COM	COM	74736K101	610	5,908	SH		SOLE	0	5,908	0	0
QUALCOMM INC COM	COM	747525103	22,262	130,912	SH		SOLE	0	130,912	0	0
QUANTA SVCS INC COM	COM	74762E102	2,457	8,242	SH		SOLE	0	8,242	0	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	4,897	31,543	SH		SOLE	0	31,543	0	0
RAYMOND JAMES FINL INC COM	COM	754730109	165	1,350	SH		SOLE	0	1,350	0	0
REGENCY CTRS CORP COM	COM	758849103	127,538	1,765,720	SH		SOLE	0	1,765,720	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	27,539	26,197	SH		SOLE	0	26,197	0	0
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	669	28,679	SH		SOLE	0	28,679	0	0
REPUBLIC SVCS INC COM	COM	760759100	2,048	10,199	SH		SOLE	0	10,199	0	0
RESMED INC COM	COM	761152107	508	2,079	SH		SOLE	0	2,079	0	0
REXFORD INDL RLTY INC COM	COM	76169C100	148,807	2,957,809	SH		SOLE	0	2,957,809	0	0
ROLLINS INC COM	COM	775711104	3,552	70,223	SH		SOLE	0	70,223	0	0
ROPER TECHNOLOGIES INC COM	COM	776696106	45,136	81,116	SH		SOLE	0	81,116	0	0
ROSS STORES INC COM	COM	778296103	6,112	40,607	SH		SOLE	0	40,607	0	0
RYMAN HOSPITALITY PPTYS INC COM	COM	78377T107	58,888	549,121	SH		SOLE	0	549,121	0	0
SEI INVTS CO COM	COM	784117103	2,937	42,444	SH		SOLE	0	42,444	0	0
SS C TECHNOLOGIES HLDGS INC COM	COM	78467J100	4,022	54,195	SH		SOLE	0	54,195	0	0
SALESFORCE INC COM	COM	79466L302	11,413	41,698	SH		SOLE	0	41,698	0	0
SERVICENOW INC COM	COM	81762P102	2,786	3,115	SH		SOLE	0	3,115	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	9,455	24,774	SH		SOLE	0	24,774	0	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	209,268	1,238,123	SH		SOLE	0	1,238,123	0	0
SIRIUSXM HOLDINGS INC COMMON STOCK ADDED	COM	829933100	1,394	58,941	SH		SOLE	0	58,941	0	0
SNAP ON INC COM	COM	833034101	13,431	46,360	SH		SOLE	0	46,360	0	0
SOLAREDGE TECHNOLOGIES INC COM	COM	83417M104	15,374	671,082	SH		SOLE	0	671,082	0	0
SPROUTS FMRS MKT INC COM	COM	85208M102	6,830	61,863	SH		SOLE	0	61,863	0	0
STATE STR CORP COM	COM	857477103	2,004	22,656	SH		SOLE	0	22,656	0	0
STEEL DYNAMICS INC COM	COM	858119100	9,050	71,777	SH		SOLE	0	71,777	0	0
STRYKER CORPORATION COM	COM	863667101	2,676	7,407	SH		SOLE	0	7,407	0	0
SUN CMNTYS INC COM	COM	866674104	157,940	1,168,625	SH		SOLE	0	1,168,625	0	0
SUNRUN INC COM	COM	86771W105	18,444	1,021,290	SH		SOLE	0	1,021,290	0	0
SYNOPSYS INC COM	COM	871607107	654	1,292	SH		SOLE	0	1,292	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	10,245	205,402	SH		SOLE	0	205,402	0	0
SYSCO CORP COM	COM	871829107	333	4,261	SH		SOLE	0	4,261	0	0
TJX COS INC NEW COM	COM	872540109	19,334	164,491	SH		SOLE	0	164,491	0	0
T-MOBILE US INC COM	COM	872590104	5,171	25,059	SH		SOLE	0	25,059	0	0
TERADYNE INC COM	COM	880770102	2,465	18,404	SH		SOLE	0	18,404	0	0
TESLA INC COM	COM	88160R101	14,648	55,988	SH		SOLE	0	55,988	0	0
TETRA TECH INC NEW COM	COM	88162G103	7,492	158,860	SH		SOLE	0	158,860	0	0
TEXAS INSTRS INC COM	COM	882508104	650	3,149	SH		SOLE	0	3,149	0	0
THE TRADE DESK INC COM CL A	CLASS A	88339J105	1,969	17,955	SH		SOLE	0	17,955	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	126,058	203,790	SH		SOLE	0	203,790	0	0
TRANSDIGM GROUP INC COM	COM	893641100	3,935	2,757	SH		SOLE	0	2,757	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	8,639	36,901	SH		SOLE	0	36,901	0	0
TRUIST FINL CORP COM	COM	89832Q109	203	4,736	SH		SOLE	0	4,736	0	0
TWILIO INC CL A	CLASS A	90138F102	1,080	16,552	SH		SOLE	0	16,552	0	0
UDR INC COM	COM	902653104	133,094	2,935,470	SH		SOLE	0	2,935,470	0	0
US BANCORP DEL COM NEW	NEW	902973304	294	6,428	SH		SOLE	0	6,428	0	0
UBER TECHNOLOGIES INC COM	COM	90353T100	291	3,875	SH		SOLE	0	3,875	0	0
UBIQUITI INC COM	COM	90353W103	667	3,010	SH		SOLE	0	3,010	0	0
ULTA BEAUTY INC COM	COM	90384S303	1,313	3,373	SH		SOLE	0	3,373	0	0
UNION PAC CORP COM	COM	907818108	4,759	19,306	SH		SOLE	0	19,306	0	0
UNITED RENTALS INC COM	COM	911363109	13,561	16,748	SH		SOLE	0	16,748	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	3,582	6,126	SH		SOLE	0	6,126	0	0
UNIVERSAL HLTH SVCS INC CL B	CLASS B	913903100	2,108	9,206	SH		SOLE	0	9,206	0	0
VENTAS INC COM	COM	92276F100	191	2,984	SH		SOLE	0	2,984	0	0
VERALTO CORP COM SHS	COM	92338C103	2,930	26,194	SH		SOLE	0	26,194	0	0
VERISIGN INC COM	COM	92343E102	15,178	79,903	SH		SOLE	0	79,903	0	0
VERISK ANALYTICS INC COM	COM	92345Y106	9,220	34,407	SH		SOLE	0	34,407	0	0
VISA INC COM CL A	CLASS A	92826C839	44,855	163,140	SH		SOLE	0	163,140	0	0
VISTRA CORP COM	COM	92840M102	6,836	57,671	SH		SOLE	0	57,671	0	0
VONTIER CORPORATION COM	COM	928881101	1,497	44,378	SH		SOLE	0	44,378	0	0
VOYA FINANCIAL INC COM	COM	929089100	3,137	39,593	SH		SOLE	0	39,593	0	0
VULCAN MATLS CO COM	COM	929160109	303	1,211	SH		SOLE	0	1,211	0	0
WP CAREY INC COM	COM	92936U109	161,883	2,598,446	SH		SOLE	0	2,598,446	0	0
WK KELLOGG CO COM SHS	COM	92942W107	125	7,285	SH		SOLE	0	7,285	0	0
WABTEC COM	COM	929740108	9,444	51,957	SH		SOLE	0	51,957	0	0
WASTE MGMT INC DEL COM	COM	94106L109	5,100	24,567	SH		SOLE	0	24,567	0	0
WATERS CORP COM	COM	941848103	5,114	14,211	SH		SOLE	0	14,211	0	0
WELLTOWER INC COM	COM	95040Q104	335,473	2,620,272	SH		SOLE	0	2,620,272	0	0
WEST PHARMACEUTICAL SVSC INC COM	COM	955306105	4,014	13,374	SH		SOLE	0	13,374	0	0
WESTERN UN CO COM	COM	959802109	1,455	121,944	SH		SOLE	0	121,944	0	0
WESTLAKE CORPORATION COM	COM	960413102	401	2,668	SH		SOLE	0	2,668	0	0
WEYERHAEUSER CO MTN BE COM NEW	NEW	962166104	2,388	70,534	SH		SOLE	0	70,534	0	0
XYLEM INC COM	COM	98419M100	791	5,855	SH		SOLE	0	5,855	0	0
YUM BRANDS INC COM	COM	988498101	10,155	72,683	SH		SOLE	0	72,683	0	0
ZILLOW GROUP INC CL A	CLASS A	98954M101	2,649	42,772	SH		SOLE	0	42,772	0	0
ZIMMER BIOMET HOLDINGS INC COM	COM	98956P102	2,440	22,603	SH		SOLE	0	22,603	0	0
ZOETIS INC CL A	CLASS A	98978V103	5,964	30,523	SH		SOLE	0	30,523	0	0
FERGUSON ENTERPRISES INC	COM	31488V107	6,784	46,156	SH		SOLE	0	46,156	0	0