Logo of Public Investment Fund
The Public Investment Fund (PIF) cut its ownership in US equities from $38.93 billion in Q2 2023 to $36.48 billion in Q3 2023, according to a US Securities and Exchange Commission (SEC) filing.
The Kingdom’s sovereign wealth fund raised its holdings in PDD Holdings, Prologis, Pinterest and Beigene Ltd.
Meanwhile, PIF cut its ownership in Fedex Corp.
The Kingdom’s sovereign wealth fund exited its investment in Compute Health Acquisition, but bought equities in Allurion Technologies, Inc. and Ermenegildo Zegna Group, according to a disclosure on SEC for Q2 2023.
The following table illustrates the fund’s holding of US equities at the end of Q3 2023:
|
PIF Investment in US Equities |
|||||||
|
Company |
Symbol |
Q2 Ownership (mln shares) |
Q3 Ownership (mln shares) |
Change (mln shares) |
Value by Q2 end ($ mln) |
Value by Q3 end ($ mln) |
Change ($ mln) |
|
Lucid Group |
LCID |
1374.7 |
1374.7 |
-- |
9471.7 |
7684.6 |
(1787.1) |
|
Activision Blizzard |
ATVI |
37.9 |
37.9 |
-- |
3195.7 |
3549.4 |
+353.7 |
|
Utilities Select Sector SPDR |
XLU |
33.0 |
33.0 |
-- |
2158.6 |
1943.9 |
(214.7) |
|
Electronic Arts |
EA |
24.8 |
24.8 |
-- |
3217.6 |
2986.9 |
(230.7) |
|
Uber |
UBER |
72.8 |
72.8 |
-- |
3144.5 |
3349.9 |
+205.4 |
|
Take-Two Interactive |
TTWO |
11.4 |
11.4 |
-- |
1679.9 |
1602.5 |
(77.4) |
|
Live Nation |
LYV |
12.57 |
12.57 |
-- |
1144.8 |
1043.4 |
(101.4) |
|
Air Products and Chemicals |
APD |
2.8 |
2.8 |
-- |
823.2 |
778.9 |
(44.3) |
|
PayPal |
PYPL |
7.5 |
7.5 |
-- |
500.3 |
438.3 |
(62.0) |
|
Meta Platform |
META |
3.3 |
3.3 |
-- |
936.2 |
979.3 |
+43.1 |
|
Carnival |
CCL |
50.8 |
50.8 |
-- |
957.1 |
697.4 |
(259.7) |
|
CUMMINS Inc |
CMI |
1.8 |
1.8 |
-- |
441.4 |
411.3 |
(30.1) |
|
Automatic Data Processing |
ADP |
1.5 |
1.5 |
-- |
325.7 |
356.5 |
+30.8 |
|
MultiPlan |
MPLN |
51.3 |
51.3 |
-- |
108.1 |
86.1 |
(22.0) |
|
Fedex Corp |
FDX |
1.1 |
0.72 |
(0.41) |
279.5 |
190.4 |
(89.1) |
|
Visa Inc |
V |
0.96 |
0.96 |
-- |
226.8 |
219.6 |
(7.2) |
|
Avery Dennison Corp. |
AVY |
0.7 |
0.7 |
-- |
112.5 |
119.7 |
+7.2 |
|
Alibaba Group |
BABA |
1.5 |
1.5 |
-- |
121.5 |
126.4 |
+4.9 |
|
Walmart |
WMT |
0.8 |
0.8 |
-- |
124.2 |
126.4 |
+2.2 |
|
PROLOGIS |
PLD |
0.8 |
1.2 |
+ 0.3 |
99.9 |
129.5 |
+29.6 |
|
Plug Power |
PLUG |
5.7 |
5.7 |
-- |
58.9 |
43.1 |
(15.8) |
|
NovaGold |
NG |
16.1 |
16.1 |
-- |
64.4 |
62.0 |
(2.4) |
|
Compute Health Acquisition |
CPUH |
1.9 |
-- |
(1.9) |
0.9 |
-- |
(0.9) |
|
Pinterest Inc. |
PINS |
4.1 |
4.9 |
+ 0.8 |
110.8 |
131.3 |
+20.5 |
|
Ballard Power Systems Inc. |
BLDP |
7.1 |
7.1 |
-- |
30.7 |
25.9 |
+4.8 |
|
Beigene Ltd. |
BGNE |
0.3 |
0.4 |
+0.04 |
56.6 |
63.7 |
+7.1 |
|
Shopify |
SHOP |
1.3 |
1.3 |
-- |
80.8 |
68.2 |
(12.6) |
|
Coupang Inc. |
CPNG |
2.9 |
2.9 |
-- |
49.7 |
48.6 |
(1.1) |
|
Signa Sports United |
SSU |
5.0 |
5.0 |
-- |
14.2 |
1.4 |
(12.8) |
|
Adobe Inc. |
ADBE |
1.1 |
1.1 |
-- |
561.0 |
585.0 |
+24.0 |
|
Zoom Video Communications |
ZM |
4.7 |
4.7 |
-- |
319.0 |
328.6 |
+9.6 |
|
COSTCO |
COST |
1.0 |
1.0 |
-- |
558.1 |
585.6 |
+27.5 |
|
NextEra Energy |
NEE |
6.4 |
6.4 |
-- |
472.5 |
364.8 |
(107.7) |
|
American Tower Corp. |
AMT |
1.9 |
1.9 |
-- |
367.1 |
311.3 |
(55.8) |
|
Starbucks |
SBUX |
6.3 |
6.3 |
-- |
625.4 |
576.2 |
(58.2) |
|
Microsoft |
MSFT |
1.8 |
1.8 |
-- |
628.5 |
582.7 |
(45.8) |
|
Alphabet |
GOOGL |
4.3 |
4.3 |
-- |
509.9 |
557.5 |
+47.6 |
|
The Home Depot |
HD |
1.6 |
1.6 |
-- |
510.1 |
496.1 |
(14.0) |
|
BlackRock |
BLK |
0.7 |
0.7 |
-- |
512.6 |
479.5 |
(33.1) |
|
Salesforce Inc. |
CRM |
2.7 |
2.7 |
-- |
559.9 |
537.4 |
(22.5) |
|
JPMorgan Chase & Co. |
JPM |
3.9 |
3.9 |
-- |
560.1 |
558.5 |
(1.6) |
|
Amazon |
AMZN |
4.1 |
4.1 |
-- |
530.3 |
517.1 |
(13.2) |
|
Datadog |
DDOG |
4.5 |
4.5 |
-- |
442.6 |
409.8 |
(32.8) |
|
Advanced Micro Devices |
AMD |
4.7 |
4.7 |
-- |
535.6 |
483.5 |
(52.1) |
|
Freeport-McMoRan |
FCX |
12.9 |
12.9 |
-- |
515.8 |
480.9 |
(34.9) |
|
Booking Holding |
BKNG |
0.2 |
0.2 |
-- |
576.5 |
658.4 |
+81.9 |
|
CLTD |
SE |
0.8 |
0.8 |
-- |
48.4 |
36.6 |
(11.8) |
|
Multi Plan W EXP 02/13/202 |
MPLN/WS |
2.5 |
2.5 |
-- |
0.2 |
0.2 |
-- |
|
Linde PLC |
LIN |
1.2 |
1.2 |
-- |
460.5 |
449.9 |
(10.6) |
|
Bloom Energy Corp |
BE |
1.1 |
1.1 |
-- |
17.5 |
14.2 |
(3.3) |
|
PDD Holdings |
PDD |
1.2 |
1.7 |
+ 0.5 |
81.0 |
167.0 |
+86 |
|
Allurion Technologies |
ALUR |
-- |
1.15 |
+ 1.15 |
-- |
1.0 |
+1.0 |
|
ERMENEGILDO ZEGNA N V |
ZGN |
-- |
2.16 |
+ 2.16 |
-- |
30.1 |
+30.1 |
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