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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
(-3.4%)
Cap. Flow
-$3.61B
Cap. Flow
% of AUM
-10.25%
Top 10 Holdings %
Top 10 Hldgs %
63.49%
Holding
52
New
–
Increased
1
Reduced
1
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zegna
ZGN
|
+$790K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$3.55B |
| 2 |
Plug Power
PLUG
|
+$43.1M |
| 3 |
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 | |
|---|---|---|---|---|---|---|
1
Lucid Motors
LCID
$2.6B
| $5.79B | 16.42% |
137,470,030
| – | – |
|
2
Uber
UBER
$142B
| $4.48B | 12.73% |
72,840,541
| – | – |
|
3
Electronic Arts
EA
$52.4B
| $3.39B | 9.63% |
24,807,932
| – | – |
|
4
State Street Utilities Select Sector SPDR ETF
XLU
$23.7B
| $2.09B | 5.93% |
65,973,008
| – | – |
|
5
Take-Two Interactive
TTWO
$45.8B
| $1.84B | 5.21% |
11,414,680
| – | – |
|
6
Live Nation Entertainment
LYV
$42.3B
| $1.18B | 3.34% |
12,565,167
| – | – |
|
7
Meta Platforms (Facebook)
META
$1.51T
| $1.15B | 3.28% |
3,262,073
| – | – |
|
8
Carnival Corporation Ltd
CCL
$38.5B
| $942M | 2.67% |
50,830,926
| – | – |
|
9
Booking.com
BKNG
$152B
| $757M | 2.15% |
5,336,950
| – | – |
|
10
Air Products & Chemicals
APD
$65.7B
| $752M | 2.14% |
2,748,347
| – | – |
|
11
Salesforce
CRM
$151B
| $697M | 1.98% |
2,650,225
| – | – |
|
12
Microsoft
MSFT
$2.97T
| $694M | 1.97% |
1,845,511
| – | – |
|
13
Advanced Micro Devices
AMD
$743B
| $693M | 1.97% |
4,702,060
| – | – |
|
14
Adobe
ADBE
$100B
| $684M | 1.94% |
1,147,300
| – | – |
|
15
Costco
COST
$434B
| $684M | 1.94% |
1,036,576
| – | – |
|
16
JPMorgan Chase
JPM
$948B
| $655M | 1.86% |
3,851,053
| – | – |
|
17
Amazon
AMZN
$2.48T
| $618M | 1.75% |
4,067,652
| – | – |
|
18
Starbucks
SBUX
$119B
| $606M | 1.72% |
6,313,301
| – | – |
|
19
Blackrock
BLK
$169B
| $602M | 1.71% |
741,693
| – | – |
|
20
Alphabet (Google) Class A
GOOGL
$4.07T
| $595M | 1.69% |
4,260,000
| – | – |
|
21
Home Depot
HD
$345B
| $569M | 1.61% |
1,641,981
| – | – |
|
22
Freeport-McMoran
FCX
$88.5B
| $549M | 1.56% |
12,895,465
| – | – |
|
23
Datadog
DDOG
$90.3B
| $546M | 1.55% |
4,498,845
| – | – |
|
24
Linde
LIN
$239B
| $496M | 1.41% |
1,208,396
| – | – |
|
25
PayPal
PYPL
$51.6B
| $460M | 1.31% |
7,496,993
| – | – |
|
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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.