Fetal CD34 þ cells enter the maternal circulation during pregnancy and may persist for decades. These cells are usually depicted as hematopoietic stem/progenitor cells. Our objective was to further determine the phenotype of fetal chimeric CD34 þ cells in placental maternal blood from the intervillous space (IVS). Human healthy term placentas were analyzed (n ¼ 9). All fetuses were male. CD34 þ cells were identified in the IVS and further characterized as fetal or maternal using X and Y chromosome fluorescence in situ hybridization. The phenotype of fetal cells was further analyzed using anti-CD117 (c-kit), anti-CD133, anti-CD31, anti-von Willebrand factor (vWF), anti-vimentin, anti-CD45 and anticytokeratin (CK) antibodies. We used preeclamptic placentas of male (n ¼ 3) and healthy placentas of female fetuses (n ¼ 3) as controls. As expected fetal cells were easily identified in the IVS and significantly increased in cases of preeclampsia. Most CD34 þ cells in the IVS were of fetal origin (90%) and were not surrounded by CK staining further showing that they were not in fetal trophoblastic villi. Similarly, about 40% of CD31 þ and 6% of vimentin þ cells in the IVS were fetal in origin. No CD117 þ or CD133 þ fetal cells were found in the IVS of examined placentas. Besides, all the CD34 þ cells identified in the IVS were co-labeled with vWF or CD31, suggesting their endothelial origin. These results suggest that most CD34 þ cells in maternal placental blood at term are fetal in origin from endothelial and not hematopoietic lineages.