Public Investment Fund Portfolio holdings
Top Buys
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 33.45% |
| 2 | Technology | 23.38% |
| 3 | Communication Services | 15.8% |
| 4 | Materials | 5.85% |
| 5 | Financials | 5.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lucid Motors
LCID
$3.08B
| $7.57B | 24.48% |
110,900,660
+9,375,408
| +9% | +$1.03B |
|
|
ATVI
2
DELISTED
Activision Blizzard
ATVI
| $2.9B | 9.38% |
37,909,164
+39,164
| +0.1% | +$2.91M |
|
3
State Street Utilities Select Sector SPDR ETF
XLU
$23.4B
| $2.33B | 7.52% |
65,973,008
| – | – |
|
4
Electronic Arts
EA
$52.4B
| $1.96B | 6.32% |
16,011,844
| – | – |
|
5
Uber
UBER
$144B
| $1.8B | 5.82% |
72,840,541
| – | – |
|
6
Take-Two Interactive
TTWO
$46B
| $1.19B | 3.84% |
11,414,680
| – | – |
|
7
Live Nation Entertainment
LYV
$42.1B
| $876M | 2.83% |
12,565,167
| – | – |
|
8
Air Products & Chemicals
APD
$65.2B
| $828M | 2.68% |
2,685,331
| – | – |
|
9
Starbucks
SBUX
$118B
| $626M | 2.02% |
6,313,301
| – | – |
|
10
NextEra Energy
NEE
$186B
| $532M | 1.72% |
6,368,004
| – | – |
|
11
Blackrock
BLK
$170B
| $526M | 1.7% |
741,693
| – | – |
|
12
Home Depot
HD
$343B
| $519M | 1.68% |
1,641,981
| – | – |
|
13
JPMorgan Chase
JPM
$950B
| $516M | 1.67% |
3,851,053
| – | – |
|
14
PayPal
PYPL
$51.4B
| $503M | 1.62% |
7,058,407
| – | – |
|
15
Freeport-McMoran
FCX
$88.6B
| $490M | 1.58% |
12,895,465
| – | – |
|
16
Costco
COST
$429B
| $473M | 1.53% |
1,036,576
| – | – |
|
17
Microsoft
MSFT
$2.92T
| $443M | 1.43% |
1,845,511
| – | – |
|
18
Cummins
CMI
$88.5B
| $436M | 1.41% |
1,800,301
| – | – |
|
19
Booking.com
BKNG
$154B
| $430M | 1.39% |
5,336,950
| – | – |
|
20
Carnival Corporation Ltd
CCL
$38.7B
| $410M | 1.32% |
50,830,926
| – | – |
|
21
American Tower
AMT
$79.9B
| $401M | 1.3% |
1,892,998
| – | – |
|
22
Linde
LIN
$236B
| $394M | 1.27% |
1,208,396
| – | – |
|
23
Meta Platforms (Facebook)
META
$1.51T
| $393M | 1.27% |
3,262,073
| – | – |
|
24
Adobe
ADBE
$99B
| $386M | 1.25% |
1,147,300
| – | – |
|
25
Alphabet (Google) Class A
GOOGL
$4.08T
| $376M | 1.21% |
4,260,000
| – | – |
|
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Public Investment Fund's Q4 2022 Portfolio in Review
As of Q4 2022, Public Investment Fund held 54 positions worth $30.9B, down 16% from $36.8B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Public Investment Fund deployed $931M of net new capital in Q4 2022, opening 1 new position and adding to 3 existing holdings. Its largest new stake was Compute Health Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50: 1,874,999 shares worth $211K.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, down from 45% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Farfetch Limited Class A Ordinary Shares, an estimated $8.43M trimmed.
- Public Investment Fund's largest Q4 2022 buy was Compute Health Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50: 1,874,999 shares worth $211K.
- Public Investment Fund added most to Lucid Motors in Q4 2022, an estimated $1.03B increase.
- Public Investment Fund's biggest Q4 2022 reduction was Farfetch Limited Class A Ordinary Shares, cutting an estimated $8.43M.
- Public Investment Fund fully exited Compute Health Acquisition Corp. Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant in Q4 2022, selling an estimated $74M.
- Public Investment Fund's ten largest holdings make up 67% of its $30.9B portfolio in Q4 2022.
- Public Investment Fund opened 1 new position and closed 1 in Q4 2022.
- Public Investment Fund's portfolio value fell 16% quarter-over-quarter to $30.9B.
Based on Public Investment Fund's 13F filing for Q4 2022, filed 14 Feb 2023.