PIF ups holding of US equities to $56 bln in 2021

Logo of PIF

The Public Investment Fund (PIF) increased its holding of US equities from $43.45 billion in Q3 2021 to $55.90 billion in Q4 2021, according to a Securities and Exchange Commission filing.

The Kingdom’s sovereign wealth fund increased its stake in four companies, namely Visa Inc, Pinterest, Farfetch Ltd. and Alibaba.

On the other hand, the fund cut its stake in Beijing Ltd. and ProLogis Inc.

The following table illustrates the fund’s holding of US equities at the end of Q4 2021:

PIF Investment Details
Company	Holding by end of Q3 2021 (‘000 shares)	Value by end of Q3 2021 ($ mln)	Holding by end of Q4 2021 (‘000 shares)	Value by end of Q4 2021 ($ mln)	Change (‘000 shares)
Activision Blizzard	37870.00	2930.76	37870.00	2519.49	--
Electronic Arts Inc	14210.00	2021.37	14210.00	1874.29	--
Compute Health Acquisition	7500.00	75.08	7500.00	74.55	--
Coupang Inc	2857.14	79.57	2857.14	83.94	--
Take-Two Interactive	5640.00	868.96	5640.00	1002.34	--
MultiPlan W EXP 02/13/202	2500.00	2.98	2500.00	3.18	--
MultiPlan	51250.00	288.54	51250.00	227.04	--
NovaGold	16137.70	111.03	16137.70	110.70	--
Automatic Data Processing	1481.84	296.25	1481.84	365.39	--
Carnival	50830.93	1271.28	50830.93	939.86	--
Live Nation	12565.17	1145.06	12565.17	1503.92	--
SPDR Utilities Sector	32986.50	2107.18	32986.50	2361.17	--
Uber	72840.54	3263.26	72840.54	3054.20	--
Lucid Group	1015252.52	25767.11	1015252.52	38630.36	--
Cummins Inc	1800.30	404.28	1800.30	392.72	--
Visa Inc	1607.00	357.96	1758.78	381.15	+151.78
Plug Power	9827.36	250.99	9827.36	277.42	--
FedEx Corp	1127.43	247.23	1127.43	291.59	--
Walmart	1658.00	231.09	1658.00	239.89	--
Air Products & Chemicals	727.34	186.28	727.34	221.30	--
Pinterest	3567.61	181.77	4052.16	147.29	+484.55
Beijing Ltd.	495.39	179.83	317.68	86.07	(177.71)
ProLogis	1403.72	176.07	814.72	137.17	(589.00)
Avery Dennison Corp	848.66	175.85	848.66	183.79	--
PayPal	677.73	173.75	677.73	127.81	--
Shopify	125.00	169.47	125.00	172.17	--
Pinduoduo	1539.39	139.58	1539.39	89.75	--
Ballard Power Systems	9709.90	136.42	9709.90	121.96	--
Alibaba	674.75	99.90	697.07	82.80	+22.23
Hyzon Motors	8033.48	55.75	8033.48	52.14	--
Just Eat Takeaway.com	2750.98	39.97	2750.98	29.60	--
Farfetch Ltd.	302.77	11.35	3314.19	110.79	+3011.42

Public Investment Fund

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