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PIF
Public Investment Fund Portfolio holdings
AUM
$37.9B
1-Year Est. Return
7.98%
This Fund
S&P 500
This Quarter
Est. Return
+1.27%
1 Year Est. Return
-7.98%
3 Year Est. Return
+20.47%
5 Year Est. Return
-10.87%
10 Year Est. Return
–
AUM
$20.6B
AUM Growth
-$14.7B
(-42%)
Cap. Flow
-$16.9B
Cap. Flow
% of AUM
-82.37%
Top 10 Holdings %
Top 10 Hldgs %
82.95%
Holding
63
New
13
Increased
4
Reduced
5
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinterest
PINS
|
+$24.6M |
| 2 |
Bloom Energy
BE
|
+$24.1M |
| 3 |
Nu Holdings
NU
|
+$12M |
| 4 |
Alibaba
BABA
|
+$11.2M |
| 5 |
Zegna
ZGN
|
+$9.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$2.09B |
| 2 |
Live Nation Entertainment
LYV
|
+$1.18B |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.13B |
| 4 |
Carnival Corporation Ltd
CCL
|
+$942M |
| 5 |
Advanced Micro Devices
AMD
|
+$822M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.76% |
| 2 | Communication Services | 26.95% |
| 3 | Consumer Discretionary | 21.73% |
| 4 | Miscellaneous | 12.45% |
| 5 | Industrials | 3.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Alphabet (Google) Class A
GOOGL
$4.27T
| $118M | 0.57% |
+780,800
| New | +$112M |
|
|
27
Alibaba
BABA
$272B
| $117M | 0.57% |
1,610,654
+153,553
| +11% | +$11.2M |
|
28
Walmart Inc
WMT
$865B
| $115M | 0.56% |
1,905,531
-465,180
| -20% | -$26.6M |
|
29
Shopify
SHOP
$172B
| $96.5M | 0.47% |
1,250,000
| – | – |
|
30
CALL
PayPal
PYPL
$46.2B
| $92.7M | 0.45% |
+1,383,700
| New | +$84.9M |
|
|
ONC
31
BeOne Medicines Ltd
ONC
$40B
| $55.4M | 0.27% |
354,385
| – | – |
|
32
Sea Limited
SE
$66.6B
| $44.8M | 0.22% |
833,335
| – | – |
|
|
33
Zegna
ZGN
$4.93B
| $43.2M | 0.21% |
2,946,074
+717,336
| +32% | +$9.27M |
|
|
CTEV
34
Claritev Corp
CTEV
$618M
| $41.6M | 0.2% |
1,281,250
| – | – |
|
|
35
Bloom Energy
BE
$75.7B
| $36.6M | 0.18% |
3,257,398
+2,189,710
| +205% | +$24.1M |
|
|
BLDP
36
Ballard Power Systems
BLDP
$651M
| $19.6M | 0.1% |
7,046,900
| – | – |
|
|
37
Nu Holdings
NU
$69.6B
| $14M | 0.07% |
+1,176,980
| New | +$12M |
|
|
ALUR.WS
38
DELISTED
Allurion Technologies Warrants
ALUR.WS
| $290K | ﹤0.01% |
1,148,436
| – | – |
|
39
Adobe
ADBE
$106B
| – | – |
-1,147,300
| Closed | -$658M |
|
40
Automatic Data Processing
ADP
$110B
| – | – |
-1,481,837
| Closed | -$345M |
|
|
41
Advanced Micro Devices
AMD
$805B
| – | – |
-4,702,060
| Closed | -$822M |
|
42
American Tower
AMT
$82.4B
| – | – |
-1,892,998
| Closed | -$409M |
|
43
Amazon
AMZN
$2.73T
| – | – |
-4,067,652
| Closed | -$679M |
|
44
Booking.com
BKNG
$132B
| – | – |
-5,336,950
| Closed | -$761M |
|
45
Blackrock
BLK
$165B
| – | – |
-741,693
| Closed | -$602M |
|
|
46
Carnival Corporation Ltd
CCL
$30.9B
| – | – |
-50,830,926
| Closed | -$942M |
|
47
Costco
COST
$408B
| – | – |
-1,036,576
| Closed | -$684M |
|
48
Coupang
CPNG
$27.2B
| – | – |
-2,857,142
| Closed | -$46.3M |
|
49
Salesforce
CRM
$214B
| – | – |
-2,650,225
| Closed | -$765M |
|
50
Datadog
DDOG
$82.6B
| – | – |
-4,498,845
| Closed | -$546M |
|
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Public Investment Fund's Q1 2024 Portfolio in Review
As of Q1 2024, Public Investment Fund held 63 positions worth $20.6B, down 42% from $35.2B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Public Investment Fund withdrew a net $16.9B in Q1 2024, closing 25 positions and reducing 5 holdings. Its most notable exit was State Street Utilities Select Sector SPDR ETF, an estimated $2.09B position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 24% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Public Investment Fund opened a new position in Nu Holdings worth $14M.
- Public Investment Fund's largest Q1 2024 buy was Nu Holdings: 1,176,980 shares worth $14M.
- Public Investment Fund added most to Pinterest in Q1 2024, an estimated $24.6M increase.
- Public Investment Fund's biggest Q1 2024 reduction was Meta Platforms (Facebook), cutting an estimated $1.13B.
- Public Investment Fund fully exited State Street Utilities Select Sector SPDR ETF in Q1 2024, selling an estimated $2.09B.
- Public Investment Fund's ten largest holdings make up 83% of its $20.6B portfolio in Q1 2024.
- Public Investment Fund opened 13 new positions and closed 25 in Q1 2024.
- Public Investment Fund's portfolio value fell 42% quarter-over-quarter to $20.6B.
Based on Public Investment Fund's 13F filing for Q1 2024, filed 15 May 2024.