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PIF

Public Investment Fund Portfolio holdings

AUM $12B
1-Year Est. Return 0.61%
This Fund
S&P 500
This Quarter Est. Return
+11.18%
1 Year Est. Return
+0.61%
3 Year Est. Return
+24.39%
5 Year Est. Return
-12.46%
10 Year Est. Return
–
AUM
$35.2B
AUM Growth
-$1.24B
Cap. Flow
-$3.61B
Cap. Flow %
-10.25%
Top 10 Hldgs %
63.49%
Holding
52
New
–
Increased
1
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
ZGN icon
Zegna
ZGN
+$790K

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$3.55B
2
PLUG icon
Plug Power
PLUG
+$43.1M
3
FDX icon
FedEx
FDX
+$21.9M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 28.04%
2 Technology 24.35%
3 Communication Services 23.66%
4 Financials 5.58%
5 Materials 5.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMI icon
26
Cummins
CMI
$88.7B
$431M 1.22%
1,800,301
– –
AMT icon
27
American Tower
AMT
$80.4B
$409M 1.16%
1,892,998
– –
NEE icon
28
NextEra Energy
NEE
$177B
$387M 1.1%
6,368,004
– –
ADP icon
29
Automatic Data Processing
ADP
$108B
$345M 0.98%
1,481,837
– –
ZM icon
30
Zoom
ZM
$30.6B
$338M 0.96%
4,697,677
– –
PDD icon
31
Pinduoduo
PDD
$131B
$249M 0.71%
1,703,275
– –
V icon
32
Visa
V
$677B
$249M 0.71%
954,868
– –
PINS icon
33
Pinterest
PINS
$13.4B
$180M 0.51%
4,856,582
– –
FDX icon
34
FedEx
FDX
$75.4B
$160M 0.45%
632,414
-86,139
-12% -$21.9M
PLD icon
35
Prologis
PLD
$133B
$154M 0.44%
1,154,212
– –
AVY icon
36
Avery Dennison
AVY
$13.4B
$132M 0.38%
655,056
– –
WMT icon
37
Walmart Inc
WMT
$890B
$125M 0.35%
2,370,711
– –
BABA icon
38
Alibaba
BABA
$308B
$113M 0.32%
1,457,101
– –
SHOP icon
39
Shopify
SHOP
$195B
$97.4M 0.28%
1,250,000
– –
CTEV
40
Claritev Corp
CTEV
$556M
$73.8M 0.21%
1,281,250
– –
ONC
41
BeOne Medicines Ltd
ONC
$38.7B
$63.9M 0.18%
354,385
– –
NG icon
42
NovaGold Resources
NG
$3.33B
$60.4M 0.17%
16,137,695
– –
CPNG icon
43
Coupang
CPNG
$29.2B
$46.3M 0.13%
2,857,142
– –
SE icon
44
Sea Limited
SE
$69.5B
$33.8M 0.1%
833,335
– –
BLDP
45
Ballard Power Systems
BLDP
$790M
$26.1M 0.07%
7,046,900
– –
ZGN icon
46
Zegna
ZGN
$4B
$25.8M 0.07%
2,228,738
+66,371
+3% +$790K
BE icon
47
Bloom Energy
BE
$64.6B
$15.8M 0.04%
1,067,688
– –
ALUR.WS
48
DELISTED
Allurion Technologies Warrants
ALUR.WS
$517K ﹤0.01%
1,148,436
– –
MPLN.WS
49
DELISTED
MultiPlan Corporation Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
MPLN.WS
$25K ﹤0.01%
2,500,000
– –
SSU
50
DELISTED
SIGNA Sports United N.V.
SSU
$20.5K ﹤0.01%
5,000,000
– –
1
2
3

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PI
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NYLIM
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HTC
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VA
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BCI
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Public Investment Fund's Q4 2023 Portfolio in Review

As of Q4 2023, Public Investment Fund held 52 positions worth $35.2B, down 3.4% from $36.5B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Public Investment Fund withdrew a net $3.61B in Q4 2023, closing 2 positions and reducing 1 holding. Its most notable exit was Activision Blizzard, an estimated $3.55B position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 31% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Public Investment Fund added an estimated $790K to Zegna.

  • Public Investment Fund added most to Zegna in Q4 2023, an estimated $790K increase.
  • Public Investment Fund's biggest Q4 2023 reduction was FedEx, cutting an estimated $21.9M.
  • Public Investment Fund fully exited Activision Blizzard in Q4 2023, selling an estimated $3.55B.
  • Public Investment Fund's ten largest holdings make up 63% of its $35.2B portfolio in Q4 2023.
  • Public Investment Fund opened 0 new positions and closed 2 in Q4 2023.
  • Public Investment Fund's portfolio value fell 3.4% quarter-over-quarter to $35.2B.

Based on Public Investment Fund's 13F filing for Q4 2023, filed 14 Feb 2024.