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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
+1.27%
1 Year Est. Return
+0.61%
3 Year Est. Return
+24.39%
5 Year Est. Return
-12.46%
10 Year Est. Return
–
AUM
$20.6B
AUM Growth
-$14.7B
Cap. Flow
-$14.5B
Cap. Flow %
-70.55%
Top 10 Hldgs %
82.95%
Holding
63
New
13
Increased
4
Reduced
5
Closed
25

Top Buys

Rank Stock Value
1
PINS icon
Pinterest
PINS
+$24.6M
2
BE icon
Bloom Energy
BE
+$24.1M
3
NU icon
Nu Holdings
NU
+$12M
4
BABA icon
Alibaba
BABA
+$11.2M
5
ZGN icon
Zegna
ZGN
+$9.27M

Top Sells

Rank Stock Value
1
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$2.09B
2
LYV icon
Live Nation Entertainment
LYV
+$1.18B
3
META icon
Meta Platforms (Facebook)
META
+$1.13B
4
CCL icon
Carnival Corporation Ltd
CCL
+$942M
5
AMD icon
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 Industrials 3.75%
5 Materials 3.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UBER icon
1
Uber
UBER
$146B
$5.61B 27.29%
72,840,541
– –
LCID icon
2
Lucid Motors
LCID
$3.11B
$3.92B 19.06%
137,470,030
– –
EA icon
3
Electronic Arts
EA
$52.4B
$3.29B 16.02%
24,807,932
– –
TTWO icon
4
Take-Two Interactive
TTWO
$46.7B
$1.69B 8.25%
11,414,680
– –
LIN icon
5
Linde
LIN
$237B
$561M 2.73%
1,208,396
– –
CMI icon
6
Cummins
CMI
$84.8B
$530M 2.58%
1,800,301
– –
ARM icon
7
CALL
Arm
ARM
$253B
$453M 2.2%
+3,625,300
New +$384M
META icon
8
Meta Platforms (Facebook)
META
$1.51T
$359M 1.75%
740,013
-2,522,060
-77% -$1.13B
SBUX icon
9
CALL
Starbucks
SBUX
$119B
$349M 1.7%
+3,814,800
New +$355M
BKNG icon
10
CALL
Booking.com
BKNG
$158B
$282M 1.37%
+1,942,500
New +$277M
AMZN icon
11
CALL
Amazon
AMZN
$2.5T
$277M 1.35%
+1,533,400
New +$256M
V icon
12
Visa
V
$704B
$254M 1.23%
908,715
-46,153
-5% -$12.7M
ADBE icon
13
CALL
Adobe
ADBE
$106B
$223M 1.09%
+442,400
New +$254M
APD icon
14
Air Products & Chemicals
APD
$65.6B
$204M 0.99%
843,539
-1,904,808
-69% -$467M
PDD icon
15
Pinduoduo
PDD
$127B
$198M 0.96%
1,703,275
– –
AMD icon
16
CALL
Advanced Micro Devices
AMD
$731B
$194M 0.95%
+1,077,300
New +$188M
PINS icon
17
Pinterest
PINS
$13.8B
$192M 0.93%
5,532,193
+675,611
+14% +$24.6M
FDX icon
18
FedEx
FDX
$73.5B
$183M 0.89%
632,414
– –
CRM icon
19
CALL
Salesforce
CRM
$156B
$153M 0.74%
+507,000
New +$146M
PLD icon
20
Prologis
PLD
$137B
$150M 0.73%
1,154,212
– –
AVY icon
21
Avery Dennison
AVY
$12.8B
$146M 0.71%
655,056
– –
MSFT icon
22
CALL
Microsoft
MSFT
$2.97T
$144M 0.7%
+341,900
New +$138M
NVDA icon
23
CALL
NVIDIA
NVDA
$4.73T
$144M 0.7%
+1,590,000
New +$115M
META icon
24
CALL
Meta Platforms (Facebook)
META
$1.51T
$130M 0.63%
+268,300
New +$120M
PYPL icon
25
PayPal
PYPL
$51.2B
$118M 0.57%
1,759,249
-5,737,744
-77% -$352M
1
2 3

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MG
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LC
Loews Corp New York $11.9B AUM 8.99% 1-Year Est. Return
UE
Unisphere Establishment Vaduz, Liechtenstein $11.9B AUM 6.1% 1-Year Est. Return
PI
PineBridge Investments New York $11.9B AUM 23.42% 1-Year Est. Return
NYLIM
New York Life Investment Management New York $11.8B AUM 23.45% 1-Year Est. Return
VIA
Vantagepoint Investment Advisers Washington, District of Columbia $11.8B AUM 9.48% 1-Year Est. Return
HTC
Hershey Trust Company Hershey, Pennsylvania $11.8B AUM 0.75% 1-Year Est. Return

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 $14.5B 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.