Logo of the Public Investment Fund
The Public Investment Fund (PIF) increased its holding of US equities to nearly $43.45 billion in Q3 2021 from $15.9 billion in the previous quarter.
The PIF also acquired new stakes in 19 firms, but did not exit any investment, according to the fund’s disclosure to the Securities and Exchange Commission.
The Kingdom’s sovereign wealth fund included Lucid Group Inc, Visa Inc, Fedex Corp, Walmart Inc, Air Products & Chemicals Inc.
The following table illustrates the PIF exposure to the US market by the end of Q3 2021:
|
PIF Holdings in US Equities |
||||||
|
Company |
Holding by end of Q2 2021 (‘000 shares) |
Value by end of Q2 2021 ($ mln) |
Holdings by end of Q3 2021 (‘000 shares) |
Value by end of Q3 2021 ($ mln) |
|
Variation (‘000 shares) |
|
Activision Blizzard |
37870.00 |
3614.31 |
37870.00 |
2930.76 |
|
-- |
|
Electronic Arts Inc |
14210.00 |
2043.82 |
14210.00 |
2021.37 |
|
-- |
|
Compute Health Acquisition |
7500.00 |
73.65 |
7500.00 |
75.08 |
|
-- |
|
Coupang Inc |
2857.14 |
119.49 |
2857.14 |
79.57 |
|
-- |
|
Take-Two Interactive |
5640.00 |
998.39 |
5640.00 |
868.96 |
|
-- |
|
MultiPlan W EXP 02/13/202 |
2500.00 |
5.65 |
2500.00 |
2.98 |
|
-- |
|
MultiPlan |
51250.00 |
487.90 |
51250.00 |
288.54 |
|
-- |
|
NovaGold |
16137.70 |
129.26 |
16137.70 |
111.03 |
|
-- |
|
Automatic Data Processing |
1481.84 |
294.32 |
1481.84 |
296.25 |
|
-- |
|
Carnival Corp |
50830.93 |
1339.90 |
50830.93 |
1271.28 |
|
-- |
|
Live Nation |
12565.17 |
1100.58 |
12565.17 |
1145.06 |
|
-- |
|
Utilities Select Sector SPDR |
32986.50 |
2085.74 |
32986.50 |
2107.18 |
|
-- |
|
Uber |
72840.54 |
3650.77 |
72840.54 |
3263.26 |
|
-- |
The following table illustrates the fund’s new investments:
|
PIF New Investments |
|||
|
Company |
Holdings (‘000 shares) |
Value ($ mln) |
|
|
Lucid Group |
1015252.52 |
25767.11 |
|
|
CUMMINS INC |
1800.30 |
404.28 |
|
|
Visa Inc |
1607.00 |
357.96 |
|
|
Plug Power |
9827.36 |
250.99 |
|
|
Fedex Corp |
1127.43 |
247.23 |
|
|
Walmart |
1658.00 |
231.09 |
|
|
Air Products & Chemicals |
727.34 |
186.28 |
|
|
Pinterest Inc. |
3567.61 |
181.77 |
|
|
Beigene Ltd |
495.39 |
179.83 |
|
|
Prologis inc. |
1403.72 |
176.07 |
|
|
AVERY DENNISON CORP |
848.66 |
175.85 |
|
|
Paypal Holdings Inc |
677.73 |
173.75 |
|
|
Shopify Inc |
125.00 |
169.47 |
|
|
Pinduoduo Inc |
1539.39 |
139.58 |
|
|
Ballard Power Systems Inc New
|
9709.90 |
136.42 |
|
|
Alibaba Group Holding Ltd |
674.75 |
99.90 |
|
|
Hyzon Motors Inc |
8033.48 |
55.75 |
|
|
Just Eat Takeaway.Com |
2750.98 |
39.97 |
|
|
Farfetch Ltd |
302.77 |
11.35 |
|
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