Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) reduced its holding of US equities from $36.8 billion in Q3 2022 to $30.94 billion in Q4 2022, according to a Securities and Exchange Commission filing.
Saudi Arabia’s sovereign wealth fund did not add new investments during the quarter, but increased its stake in Lucid Group by 93.75 million shares. Its value fell from $14.18 billion in Q3 2022 to $7.57 billion Q4 2022.
The PIF hiked its stakes in Activision Blizzard and Salesforce Inc., while reducing in Compute Health Acquisition Corp., Coupang Inc. and Farfetch Ltd.
The following table illustrates the fund’s holding of US equities at the end of Q4 2022:
|
Details of PIF Investments in US Market |
|||||
|
Company |
Stake by end of Q3 2022 (‘000 shares) |
Value by end of Q3 2022 ($ mln) |
Stake by end of Q4 2022 (‘000 shares) |
Value by end of Q4 2022 ($ mln) |
Change (‘000 shares) |
|
Lucid Group |
1,015,252.52 |
14183.08 |
1,109,006.60 |
7,574.52 |
+ 93,754.08 |
|
Activision Blizzard |
37,870.00 |
2815.26 |
37,909.16 |
2,901.95 |
+ 39.16 |
|
Utilities Select Sector SPDR |
32,986.50 |
2160.95 |
32,986.50 |
2,325.55 |
-- |
|
Electronic Arts |
16,011.84 |
1852.73 |
16,011.84 |
1,956.33 |
-- |
|
Uber |
72,840.54 |
1930.27 |
72,840.54 |
1,801.35 |
-- |
|
Take-Two Interactive |
11,414.68 |
1244.20 |
11,414.68 |
1,188.61 |
-- |
|
Live Nation |
12,565.17 |
955.46 |
12,565.17 |
876.29 |
-- |
|
Air Products |
2,685.33 |
624.95 |
2,685.33 |
827.78 |
-- |
|
PayPal |
7,058.41 |
607.52 |
7,058.41 |
502.70 |
-- |
|
Meta Platforms |
3,262.07 |
442.60 |
3,262.07 |
392.56 |
-- |
|
Carnival |
50,830.93 |
357.34 |
50,830.93 |
409.70 |
-- |
|
CUMMINS Inc |
1,800.30 |
366.38 |
1,800.30 |
436.19 |
-- |
|
Automatic Data Processing |
1,481.84 |
335.18 |
1,481.84 |
353.95 |
-- |
|
MultiPlan |
51,250.00 |
146.58 |
51,250.00 |
58.94 |
-- |
|
Fedex Corp. |
1,127.43 |
167.39 |
1,127.43 |
195.27 |
-- |
|
Visa Inc. |
1,101.27 |
195.64 |
1,101.27 |
228.80 |
-- |
|
Avery Dennison Corp. |
848.66 |
138.08 |
848.66 |
153.61 |
-- |
|
Alibaba Group |
1,035.68 |
82.84 |
1,035.68 |
91.23 |
-- |
|
Walmart |
790.24 |
102.49 |
790.24 |
112.05 |
-- |
|
PROLOGIS |
814.72 |
82.78 |
814.72 |
91.84 |
-- |
|
Pinduoduo Inc |
1,539.39 |
96.34 |
1,539.39 |
125.54 |
-- |
|
Plug Power |
5,670.92 |
119.15 |
5,670.92 |
70.15 |
-- |
|
NovaGold |
16,137.70 |
75.69 |
16,137.70 |
96.50 |
-- |
|
Compute Health Acquisition |
7,500.00 |
73.95 |
1,875.00 |
0.21 |
(5,625.00) |
|
Pinterest Inc. |
4,052.16 |
94.42 |
4,052.16 |
98.39 |
-- |
|
Ballard Power Systems Inc. |
9,709.90 |
59.43 |
9,709.90 |
46.51 |
-- |
|
Beigene Ltd. |
317.69 |
42.83 |
317.69 |
69.87 |
-- |
|
Carnival NOTE 5.750% 4/0 |
40,000.00 |
40.26 |
40,000.00 |
40.33 |
-- |
|
Shopify |
1,250.00 |
33.68 |
1,250.00 |
43.39 |
-- |
|
Coupang Inc. |
2,857.14 |
47.63 |
2,857.14 |
42.03 |
-- |
|
Babylon |
35,410.79 |
16.73 |
3,030.79 |
20.46 |
(32,380.00) |
|
Signa Sports United |
5,000.00 |
28.70 |
5,000.00 |
24.55 |
-- |
|
Farfetch |
3,314.20 |
24.69 |
2,104.36 |
9.95 |
(1,209.84) |
|
Adobe Inc. |
1,147.30 |
315.74 |
1,147.30 |
386.10 |
-- |
|
Zoom Video Communications |
4,697.68 |
345.70 |
4,697.68 |
318.22 |
-- |
|
COSTCO |
1,036.58 |
489.54 |
1,036.58 |
473.20 |
-- |
|
NextEra Energy |
6,368.00 |
499.32 |
6,368.00 |
532.37 |
-- |
|
American Tower Corp. |
1,893.00 |
406.43 |
1,893.00 |
401.05 |
-- |
|
Starbucks |
6,313.30 |
531.96 |
6,313.30 |
626.28 |
-- |
|
Microsoft |
1,845.51 |
429.82 |
1,845.51 |
442.59 |
-- |
|
Alphabet |
4,260.00 |
407.47 |
4,260.00 |
375.86 |
-- |
|
The Home Depot |
1,641.98 |
453.09 |
1,641.98 |
518.64 |
-- |
|
BlackRock |
741.69 |
408.14 |
741.69 |
525.59 |
-- |
|
Salesforce Inc. |
2,650.22 |
381.21 |
2,650.23 |
351.39 |
+ 0.01 |
|
JPMorgan Chase & Co. |
3,851.05 |
402.44 |
3,851.05 |
516.43 |
-- |
|
Amazon |
4,067.65 |
459.64 |
4,067.65 |
341.68 |
-- |
|
Datadog |
4,498.85 |
399.41 |
4,498.85 |
330.67 |
-- |
|
Advanced Micro Devices |
4,702.06 |
297.92 |
4,702.06 |
304.55 |
-- |
|
Freeport-McMoRan |
12,895.47 |
352.43 |
12,895.47 |
490.03 |
-- |
|
Booking Holding |
213.48 |
350.79 |
213.48 |
430.22 |
-- |
|
CLTD |
239.44 |
13.42 |
239.44 |
12.46 |
-- |
|
Multi Plan W EXP 02/13/202 |
2,500.00 |
0.60 |
2,500.00 |
0.13 |
-- |
|
Linde PLC |
1,208.40 |
325.77 |
1,208.40 |
394.15 |
-- |
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