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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 | |
|---|---|---|---|---|---|---|
1
Uber
UBER
$148B
| $5.61B | 27.29% |
72,840,541
| – | – |
|
2
Lucid Motors
LCID
$1.64B
| $3.92B | 19.06% |
137,470,030
| – | – |
|
|
EA
3
DELISTED
Electronic Arts
EA
| $3.29B | 16.02% |
24,807,932
| – | – |
|
4
Take-Two Interactive
TTWO
$41.7B
| $1.69B | 8.25% |
11,414,680
| – | – |
|
5
Linde
LIN
$214B
| $561M | 2.73% |
1,208,396
| – | – |
|
6
Cummins
CMI
$74.5B
| $530M | 2.58% |
1,800,301
| – | – |
|
7
CALL
Arm
ARM
$255B
| $453M | 2.2% |
+3,625,300
| New | +$384M |
|
|
8
Meta Platforms (Facebook)
META
$1.7T
| $359M | 1.75% |
740,013
-2,522,060
| -77% | -$1.13B |
|
9
CALL
Starbucks
SBUX
$113B
| $349M | 1.7% |
+3,814,800
| New | +$355M |
|
10
CALL
Booking.com
BKNG
$132B
| $282M | 1.37% |
+1,942,500
| New | +$277M |
|
11
CALL
Amazon
AMZN
$2.73T
| $277M | 1.35% |
+1,533,400
| New | +$256M |
|
12
Visa
V
$701B
| $254M | 1.23% |
908,715
-46,153
| -5% | -$12.7M |
|
13
CALL
Adobe
ADBE
$106B
| $223M | 1.09% |
+442,400
| New | +$254M |
|
14
Air Products & Chemicals
APD
$63.9B
| $204M | 0.99% |
843,539
-1,904,808
| -69% | -$467M |
|
15
Pinduoduo
PDD
$113B
| $198M | 0.96% |
1,703,275
| – | – |
|
|
16
CALL
Advanced Micro Devices
AMD
$805B
| $194M | 0.95% |
+1,077,300
| New | +$188M |
|
|
17
Pinterest
PINS
$11.2B
| $192M | 0.93% |
5,532,193
+675,611
| +14% | +$24.6M |
|
18
FedEx
FDX
$74B
| $183M | 0.89% |
632,414
| – | – |
|
19
CALL
Salesforce
CRM
$214B
| $153M | 0.74% |
+507,000
| New | +$146M |
|
20
Prologis
PLD
$128B
| $150M | 0.73% |
1,154,212
| – | – |
|
21
Avery Dennison
AVY
$13B
| $146M | 0.71% |
655,056
| – | – |
|
22
CALL
Microsoft
MSFT
$3.75T
| $144M | 0.7% |
+341,900
| New | +$138M |
|
23
CALL
NVIDIA
NVDA
$5.09T
| $144M | 0.7% |
+1,590,000
| New | +$115M |
|
|
24
CALL
Meta Platforms (Facebook)
META
$1.7T
| $130M | 0.63% |
+268,300
| New | +$120M |
|
25
PayPal
PYPL
$46.2B
| $118M | 0.57% |
1,759,249
-5,737,744
| -77% | -$352M |
|
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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.