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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
+12.44%
1 Year Est. Return
+0.61%
3 Year Est. Return
+24.39%
5 Year Est. Return
-12.46%
10 Year Est. Return
–
AUM
$19.4B
AUM Growth
-$4.44B
(-19%)
Cap. Flow
-$6.49B
Cap. Flow
% of AUM
-33.5%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
57
New
–
Increased
–
Reduced
1
Closed
51
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cummins
CMI
|
+$359M |
| 2 |
Linde
LIN
|
+$205M |
| 3 |
Air Products & Chemicals
APD
|
+$75.6M |
| 4 |
ONC
BeOne Medicines Ltd
ONC
|
+$55M |
| 5 |
Avery Dennison
AVY
|
+$40.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 41.06% |
| 2 | Technology | 36.84% |
| 3 | Consumer Discretionary | 21.75% |
| 4 | Healthcare | 0.35% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Uber
UBER
$144B
| $7.14B | 36.84% |
72,840,541
| – | – |
|
2
Electronic Arts
EA
$52.4B
| $5B | 25.83% |
24,807,932
| – | – |
|
3
Lucid Motors
LCID
$3.08B
| $4.21B | 21.75% |
177,088,867
-1
| -0% | -$23 |
|
4
Take-Two Interactive
TTWO
$46B
| $2.95B | 15.23% |
11,414,680
| – | – |
|
|
CTEV
5
Claritev Corp
CTEV
$386M
| $68M | 0.35% |
1,281,250
| – | – |
|
|
ALUR.WS
6
DELISTED
Allurion Technologies Warrants
ALUR.WS
| $31K | ﹤0.01% |
1,148,436
| – | – |
|
7
CALL
Apple
AAPL
$4.99T
| – | – |
-640,600
| Closed | -$131M |
|
8
CALL
Adobe
ADBE
$99B
| – | – |
-280,500
| Closed | -$109M |
|
9
CALL
Analog Devices
ADI
$178B
| – | – |
-207,300
| Closed | -$49.3M |
|
10
CALL
Applied Materials
AMAT
$378B
| – | – |
-365,100
| Closed | -$66.8M |
|
11
CALL
Advanced Micro Devices
AMD
$741B
| – | – |
-937,800
| Closed | -$133M |
|
12
CALL
Amazon
AMZN
$2.48T
| – | – |
-543,000
| Closed | -$119M |
|
|
13
Air Products & Chemicals
APD
$65.2B
| – | – |
-268,165
| Closed | -$75.6M |
|
14
CALL
Arm
ARM
$261B
| – | – |
-8,967,300
| Closed | -$1.45B |
|
15
CALL
ASML
ASML
$608B
| – | – |
-74,600
| Closed | -$59.8M |
|
16
CALL
Broadcom
AVGO
$1.81T
| – | – |
-320,400
| Closed | -$88.3M |
|
|
17
Avery Dennison
AVY
$12.9B
| – | – |
-231,662
| Closed | -$40.6M |
|
18
CALL
AstraZeneca
AZN
$267B
| – | – |
-507,450
| Closed | -$70.9M |
|
19
CALL
Bank of America
BAC
$439B
| – | – |
-2,000,300
| Closed | -$94.7M |
|
20
Bloom Energy
BE
$47.5B
| – | – |
-1,508,807
| Closed | -$36.1M |
|
21
CALL
Booking.com
BKNG
$154B
| – | – |
-507,500
| Closed | -$118M |
|
22
CALL
Citigroup
C
$222B
| – | – |
-735,100
| Closed | -$62.6M |
|
23
CALL
Chubb
CB
$141B
| – | – |
-236,500
| Closed | -$68.5M |
|
24
CALL
Cigna
CI
$79.6B
| – | – |
-295,800
| Closed | -$97.8M |
|
25
CALL
CME Group
CME
$93.5B
| – | – |
-84,700
| Closed | -$23.3M |
|
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Public Investment Fund's Q3 2025 Portfolio in Review
As of Q3 2025, Public Investment Fund held 57 positions worth $19.4B, down 19% from $23.8B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Public Investment Fund withdrew a net $6.49B in Q3 2025, closing 51 positions and reducing 1 holding. Its most notable exit was Cummins, an estimated $359M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 41% of assets, up from 28% a quarter earlier, followed by Technology and Consumer Discretionary.
- Public Investment Fund's biggest Q3 2025 reduction was Lucid Motors, cutting an estimated $23.
- Public Investment Fund fully exited Cummins in Q3 2025, selling an estimated $359M.
- Public Investment Fund's ten largest holdings make up 100% of its $19.4B portfolio in Q3 2025.
- Public Investment Fund opened 0 new positions and closed 51 in Q3 2025.
- Public Investment Fund's portfolio value fell 19% quarter-over-quarter to $19.4B.
Based on Public Investment Fund's 13F filing for Q3 2025, filed 14 Nov 2025.