A look at PIF’s ownership of US equities in Q4 2023

PIF Investment in US Equities

Company

Symbol

Q3 Ownership (mln shares)

Q4 Ownership (mln shares)

Change (mln shares)

Value by Q3 end ($ mln)

Value by Q4 end ($ mln)

Change ($ mln)

Lucid Group

LCID

1374.7

1374.7

--

7684.6

5787.5

(1897.1)

Activision Blizzard

ATVI

37.9

--

--

3549.4

--

--

Utilities Select Sector SPDR

XLU

33.0

33.0

--

1943.9

2089.0

+145.1

Electronic Arts

EA

24.8

24.8

--

2986.9

3394.0

+407.1

Uber

UBER

72.8

72.8

--

3349.9

4484.8

+1134.9

Take-Two Interactive

TTWO

11.4

11.4

--

1602.5

1837.2

+234.7

Live Nation

LYV

12.57

712.5

--

1043.4

1176.1

+132.7

Air Products and Chemicals

APD

2.8

2.7

(0.1)

778.9

752.5

(26.4)

PayPal

PYPL

7.5

7.5

--

438.3

460.4

+22.1

Meta Platform

META

3.3

3.3

--

979.3

1154.6

+175.3

Carnival

CCL

50.8

50.8

--

697.4

942.4

+245.0

CUMMINS Inc

CMI

1.8

1.8

--

411.3

431.3

+20.0

Automatic Data Processing

ADP

1.5

1.5

--

356.5

345.2

(11.3)

MultiPlan

MPLN

51.3

51.3

--

86.1

73.8

(12.3)

Fedex Corp

FDX

0.72

0.63

(0.1)

190.4

160.0

(30.4)

Visa Inc

V

0.96

0.95

(0.01)

219.6

248.6

+29.0

Avery Dennison Corp.

AVY

0.7

0.7

--

119.7

132.4

+12.7

Alibaba Group

BABA

1.5

1.5

--

126.4

112.9

(13.5)

Walmart

WMT

0.8

0.8

--

126.4

124.6

(1.8)

PROLOGIS

PLD

1.2

1.2

--

129.5

153.9

+24.4

Plug Power

PLUG

5.7

--

--

43.1

--

--

NovaGold

NG

16.1

16.1

--

62.0

60.4

(1.6)

Pinterest Inc.

PINS

4.9

4.9

--

131.3

179.9

+48.6

Ballard Power Systems Inc.

BLDP

7.1

7.0

(0.1)

25.9

26.1

+0.2

Beigene Ltd.

BGNE

0.4

0.4

--

63.7

63.9

+0.2

Shopify

SHOP

1.3

1.3

--

68.2

97.4

+29.2

Coupang Inc.

CPNG

2.9

2.9

--

48.6

46.3

(2.3)

Signa Sports United

SSU

5.0

5.0

--

1.4

0.02

(1.4)

Adobe Inc.

ADBE

1.1

1.1

--

585.0

684.5

+99.5

Zoom Video Communications

ZM

4.7

4.7

--

328.6

337.8

+9.2

COSTCO

COST

1.0

1.0

--

585.6

684.2

+98.6

NextEra Energy

NEE

6.4

6.4

--

364.8

386.8

+22.0

American Tower Corp.

AMT

1.9

1.9

--

311.3

408.7

+97.4

Starbucks

SBUX

6.3

6.3

--

576.2

606.1

+29.9

Microsoft

MSFT

1.8

1.8

--

582.7

694.0

+111.3

Alphabet

GOOGL

4.3

4.3

--

557.5

595.1

+37.6

The Home Depot

HD

1.6

1.6

--

496.1

569.0

+72.9

BlackRock

BLK

0.7

0.7

--

479.5

602.1

+122.6

Salesforce Inc.

CRM

2.7

2.7

--

537.4

697.4

+160.0

JPMorgan Chase & Co.

JPM

3.9

3.9

--

558.5

655.1

+96.6

Amazon

AMZN

4.1

4.1

--

517.1

618.0

+100.9

Datadog

DDOG

4.5

4.5

--

409.8

546.1

+136.3

Advanced Micro Devices

AMD

4.7

4.7

--

483.5

693.1

+209.6

Freeport-McMoRan

FCX

12.9

12.9

--

480.9

549.0

+68.1

Booking Holding

BKNG

0.2

0.2

--

658.4

757.3

+98.9

CLTD

SE

0.8

0.8

--

36.6

33.8

(2.8)

Multi Plan

W EXP 02/13/202

MPLN/WS

2.5

2.5

--

0.2

0.3

+0.1

Linde PLC

LIN

1.2

1.2

--

449.9

496.3

+46.4

Bloom Energy Corp

BE

1.1

1.1

--

14.2

15.8

+1.6

PDD Holdings

PDD

1.7

1.7

--

167.0

249.2

+82.2

Allurion Technologies

ALUR

1.15

1.15

--

1.0

0.5

(0.5)

ERMENEGILDO ZEGNA N V

ZGN

2.16

2.2

--

30.1

25.8

(4.3)