Logo of the Public Investment Fund (PIF)
The Public Investment Fund (PIF) increased its holding of US equities from $12.8 billion in Q4 2020 to $15.4 billion in Q1 2021, according to a Securities and Exchange Commission filing.
The Kingdom’s sovereign wealth fund acquired stakes in three new companies, when compared to Q4 2020. The PIF bought 7.5 million shares of Compute Health Acquisition Corp, 15 million shares in Activision Blizzard, 2.9 million shares of SoftBank Group Corp-backed Coupang Inc, and 2.5 million shares of MultiPlan Corp.
The PIF also raised its stake in Activision Blizzard by 18.5 million shares in Q1 2021. It also upped its holding in Electronic Arts Inc by 6.8 million shares and in Take-Two Interactive Software Inc. by 1.7 million shares.
On the other hand, the sovereign wealth fund maintained its holdings in Uber, Live Nation, Carnival, Automatic Data Processing and Utilities Select Sector SPDR, MultiPlan and NovaGold Resources.
The fund’s ownership in Uber increased from $3.71 billion by the end of Q4 2020 to $3.97 billion in Q1 2021.
|
PIF Investment Details |
||||||
|
Company |
Holding by end of Q4 2020 (‘000 shares) |
Value by end of Q4 2020 ($ mln) |
Holding by end of Q1 2021 (‘000 shares) |
Value by end of Q1 2021 ($ mln) |
|
Variation (‘000 shares) |
|
Activision Blizzard |
14964.12 |
1389.42 |
33435.39 |
3109.49 |
|
+18471.27 |
|
Electronic Arts Inc |
7420.18 |
1065.54 |
14210.00 |
1923.61 |
|
+6789.82 |
|
Compute Health Acquisition |
-- |
-- |
7500.00 |
75.68 |
|
+7500.00 |
|
Coupang Inc |
-- |
-- |
2857.14 |
141.00 |
|
+2857.14 |
|
Take-Two Interactive |
3972.98 |
825.55 |
5640.00 |
996.59 |
|
+1667.02 |
|
MultiPlan W EXP 02/13/202 |
-- |
-- |
2500.00 |
2.4 |
|
+2500 |
|
MultiPlan |
51250.00 |
409.49 |
51250.00 |
284.44 |
|
-- |
|
NovaGold |
16137.70 |
156.05 |
16137.70 |
141.37 |
|
-- |
|
Automatic Data Processing |
1481.84 |
261.10 |
1481.84 |
279.28 |
|
-- |
|
Live Nation |
50830.93 |
1101.00 |
50830.93 |
1349.05 |
|
|
|
Utilities Select Sector SPDR |
12565.17 |
923.29 |
12565.17 |
1063.64 |
|
-- |
|
Uber |
32986.50 |
2068.25 |
32986.50 |
2112.46 |
|
-- |
|
Suncor Energy |
72840.54 |
3714.87 |
72840.54 |
3970.54 |
|
(50975.32) |
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