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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
+7.27%
1 Year Est. Return
+0.61%
3 Year Est. Return
+24.39%
5 Year Est. Return
-12.46%
10 Year Est. Return
–
AUM
$7.05B
AUM Growth
-$3.07B
Cap. Flow
-$3.4B
Cap. Flow %
-48.23%
Top 10 Hldgs %
100%
Holding
13
New
1
Increased
–
Reduced
–
Closed
6

Top Buys

Rank Stock Value
1
NG icon
NovaGold Resources
NG
+$127M

Top Sells

Rank Stock Value
1
XLRE icon
State Street Real Estate Select Sector SPDR ETF
XLRE
+$2.79B
2
CNQ icon
Canadian Natural Resources
CNQ
+$299M
3
CSCO icon
Cisco
CSCO
+$271M
4
UNP icon
Union Pacific
UNP
+$91.8M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$39.1M

Sector Composition

Rank Sector Weight
1 Technology 40.63%
2 Consumer Discretionary 10.95%
3 Communication Services 9.6%
4 Energy 8.84%
5 Materials 2.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UBER icon
1
Uber
UBER
$142B
$2.66B 37.69%
72,840,541
– –
XLU icon
2
State Street Utilities Select Sector SPDR ETF
XLU
$22.9B
$1.96B 27.79%
65,973,008
– –
CCL icon
3
Carnival Corporation Ltd
CCL
$37.9B
$772M 10.95%
50,830,926
– –
LYV icon
4
Live Nation Entertainment
LYV
$40.3B
$677M 9.6%
12,565,167
– –
SU icon
5
Suncor Energy
SU
$79.2B
$623M 8.84%
50,975,315
– –
ADP icon
6
Automatic Data Processing
ADP
$105B
$207M 2.93%
1,481,837
– –
NG icon
7
NovaGold Resources
NG
$2.58B
$155M 2.19%
+13,000,611
New +$127M
BKNG icon
8
Booking.com
BKNG
$150B
– –
-538,175
Closed -$34.3M
BRK.B icon
9
Berkshire Hathaway Class B
BRK.B
$1.1T
– –
-218,778
Closed -$39.1M
CNQ icon
10
Canadian Natural Resources
CNQ
$99.5B
– –
-34,988,361
Closed -$299M
CSCO icon
11
Cisco
CSCO
$450B
– –
-5,805,199
Closed -$271M
UNP icon
12
Union Pacific
UNP
$173B
– –
-543,224
Closed -$91.8M
XLRE icon
13
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.54B
– –
-67,080,870
Closed -$2.79B

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Public Investment Fund's Q3 2020 Portfolio in Review

As of Q3 2020, Public Investment Fund held 13 positions worth $7.05B, down 30% from $10.1B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Public Investment Fund withdrew a net $3.4B in Q3 2020, closing 6 positions. Its most notable exit was State Street Real Estate Select Sector SPDR ETF, an estimated $2.79B position sold in full.

By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Public Investment Fund opened a new position in NovaGold Resources worth $155M.

  • Public Investment Fund's largest Q3 2020 buy was NovaGold Resources: 13,000,611 shares worth $155M.
  • Public Investment Fund fully exited State Street Real Estate Select Sector SPDR ETF in Q3 2020, selling an estimated $2.79B.
  • Public Investment Fund's ten largest holdings make up 100% of its $7.05B portfolio in Q3 2020.
  • Public Investment Fund opened 1 new position and closed 6 in Q3 2020.
  • Public Investment Fund's portfolio value fell 30% quarter-over-quarter to $7.05B.

Based on Public Investment Fund's 13F filing for Q3 2020, filed 16 Nov 2020.