Public Investment Fund Portfolio holdings
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% |
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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.