PIF raises holdings of US equities to $15.9 bln in Q2 2021

Logo of the Public Investment Fund

The Public Investment Fund (PIF) increased its holding of US equities to nearly $15.9 billion in Q2 2021 from $15.4 billion in the previous quarter, according to the PIF disclosure to the Securities and Exchange Commission.

The Kingdom’s sovereign wealth fund upped its holding in one company only, when compared to the previous quarter. The fund raised its stake in Activision Blizzard by 4.4 million shares.

The fund did not exit any company and did not acquire new stakes, the disclosure added.

The following table illustrates the PIF exposure to the US market by the end of Q2 2021:

Company	Stake by end of Q1 2021 (‘000 shares)	Value by end of Q1 2021 ($ mln)	Stake by end of Q2 2021 (‘000 shares)	Value by end of Q2 2021 ($ mln)	Variation (‘000 shares)
Activision Blizzard	33435.39	3109.49	37870.00	3614.31	+4434.61
Electronic Arts Inc	14210.00	1923.61	14210.00	2043.82	--
Compute Health Acquisition	7500.00	75.68	7500.00	73.65	--
Coupang Inc	2857.14	141.00	2857.14	119.49	--
Take-Two Interactive	5640.00	996.59	5640.00	998.39	--
MultiPlan W EXP 02/13/202	2500.00	2.4	2500.00	5.65	--
MultiPlan	51250.00	284.44	51250.00	487.90	--
NovaGold	16137.70	141.37	16137.70	129.26	--
Automatic Data Processing	1481.84	279.28	1481.84	294.32	--
Carnival	50830.93	1349.05	50830.93	1339.90	--
Live Nation	12565.17	1063.64	12565.17	1100.58	--
Utilities Select Sector SPDR	32986.50	2112.46	32986.50	2085.74	--
Uber	72840.54	3970.54	72840.54	3650.77	--

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