SEC 13F Intelligence

Managers / Q1 2023 · view latest →

PUBLIC INVESTMENT FUND

CIK 0001767640 · THE PUBLIC INVESTMENT FUND TOWER,, KING ABDULLAH FINANCIAL DISTRICT (KAFD), AL AQIQ DISTRICT, RIYADH, T0, 13519 · 966 11 813 5001

Reported Value
$35.5B
Q1 2023
Positions
52
Filings on Record
40
2019–present window
Filed
May 15, 2023
original filing

Summary

Public Investment Fund reported $35.5B in U.S.-listed holdings across 52 positions for Q1 2023.

The portfolio is heavily concentrated: Lucid alone accounts for 25.1% of reported value.

Compared with Q4 2022, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+2.5%
vs prior filed quarter
Top-10 Concentration
+67.7%
share of reported value
Largest Position
+25.1%
Lucid
New / Exited
2 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.8BQ4 ’18Q1 ’19: $2.3BQ2 ’19: $5.2BQ3 ’19: $4.2BQ4 ’19: $2.2BQ4 ’19Q1 ’20: $9.8BQ2 ’20: $10.1BQ3 ’20: $7.0BQ4 ’20: $12.8BQ4 ’20Q1 ’21: $15.4BQ2 ’21: $15.9BQ3 ’21: $43.4BQ4 ’21: $55.9BQ4 ’21Q1 ’22: $43.6BQ2 ’22: $40.8BQ3 ’22: $36.8BQ4 ’22: $30.9BQ4 ’22Q1 ’23: $35.5BQ2 ’23: $38.9BQ3 ’23: $36.5BQ4 ’23: $35.2BQ4 ’23Q1 ’24: $20.6BQ2 ’24: $20.7BQ3 ’24: $26.7BQ4 ’24: $26.8BQ4 ’24Q1 ’25: $25.6BQ2 ’25: $23.8BQ3 ’25: $19.4BQ4 ’25: $12.9BQ4 ’25Q1 ’26: $12.0Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.3%ETP: 6.3%REIT: 1.4%ADR: 0.9%Other: 0.1%
  • Common Stock · 91.3% · $32.4B
  • ETP · 6.3% · $2.2B
  • REIT · 1.4% · $488M
  • ADR · 0.9% · $335M
  • Other · 0.1% · $39M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LINLINDE PLCNEW+1.21M1.21M+$430M$430M
BEBLOOM ENERGY CORPNEW+1.07M1.07M+$21M$21M
SESEA LTDADDED+593.9K833.3K+$60M$72M
LINDE PLCSOLD OUT−1.21M0−$394M$0
CARNIVAL CORPSOLD OUT−40.00M0−$40M$0
FTCHQFARFETCH LTDSOLD OUT−2.10M0−$10M$0
EAELECTRONIC ARTS INCADDED+8.80M24.81M+$1.0B$3.0B
BLDPBALLARD PWR SYS INC NEWTRIMMED−2.66M7.05M−$7M$39M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

51 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LUCID GROUP INCCOM25.10%$8.9B1109.01M
2ACTIVISION BLIZZARD INCCOM9.14%$3.2B37.91M
3EAELECTRONIC ARTS INChistory →COM8.41%$3.0B24.81M
4UBERUBER TECHNOLOGIES INChistory →COM6.50%$2.3B72.84M
5XLUSELECT SECTOR SPDR TRhistory →SBI INT-UTILS6.29%$2.2B32.99M
6TTWOTAKE-TWO INTERACTIVE SOFTWARhistory →COM3.83%$1.4B11.41M
7LYVLIVE NATION ENTERTAINMENT INhistory →COM2.48%$880M12.57M
8APDAIR PRODS & CHEMS INChistory →COM2.19%$776M2.70M
9METAMETA PLATFORMS INChistory →CL A1.95%$691M3.26M
10SBUXSTARBUCKS CORPhistory →COM1.85%$657M6.31M
11PYPLPAYPAL HLDGS INChistory →COM1.60%$569M7.50M
12BKNGBOOKING HOLDINGS INChistory →COM1.59%$566M213.5K
13MSFTMICROSOFT CORPhistory →COM1.50%$532M1.85M
14CRMSALESFORCE INChistory →COM1.49%$529M2.65M
15FCXFREEPORT-MCMORAN INChistory →CL B1.49%$528M12.90M
16CCLCARNIVAL CORPhistory →COMMON STOCK1.45%$516M50.83M
17COSTCOSTCO WHSL CORP NEWhistory →COM1.45%$515M1.04M
18JPMJPMORGAN CHASE & COhistory →COM1.41%$502M3.85M
19BLACKROCK INCCOM1.40%$496M741.7K
20NEENEXTERA ENERGY INChistory →COM1.38%$491M6.37M
21HDHOME DEPOT INChistory →COM1.36%$485M1.64M
22AMDADVANCED MICRO DEVICES INChistory →COM1.30%$461M4.70M
23ADBEADOBE SYSTEMS INCORPORATEDhistory →COM1.24%$442M1.15M
24GOOGLALPHABET INChistory →CAP STK CL A1.24%$442M4.26M
25CMICUMMINS INChistory →COM1.21%$430M1.80M
26LINLINDE PLChistory →SHS1.21%$430M1.21M
27AMZNAMAZON COM INChistory →COM1.18%$420M4.07M
28AMTAMERICAN TOWER CORP NEWhistory →COM1.09%$387M1.89M
29ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.98%$347M4.70M
30ADPAUTOMATIC DATA PROCESSING INhistory →COM0.93%$330M1.48M
31DDOGDATADOG INChistory →CL A COM0.92%$327M4.50M
32FDXFEDEX CORPhistory →COM0.73%$258M1.13M
33VVISA INChistory →COM CL A0.61%$215M954.9K
34AVYAVERY DENNISON CORPhistory →COM0.43%$152M848.7K
35WMTWALMART INChistory →COM0.33%$117M790.2K
36PINSPINTEREST INChistory →CL A0.31%$111M4.05M
37BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS0.30%$106M1.04M
38PLDPROLOGIS INC.history →COM0.29%$102M814.7K
39NGNOVAGOLD RES INChistory →COM NEW0.28%$100M16.14M
40PDDPDD HOLDINGS INChistory →SPONSORED ADS0.25%$89M1.17M
41SESEA LTDhistory →SPONSORD ADS0.20%$72M833.3K
42ONCBEIGENE LTDhistory →SPONSORED ADR0.19%$68M317.7K
43PLUGPLUG POWER INChistory →COM NEW0.19%$66M5.67M
44SHOPSHOPIFY INChistory →CL A0.17%$60M1.25M
45MULTIPLAN CORPORATIONCOM · *W EXP 02/13/2020.15%$55M53.75M
46CPNGCOUPANG INChistory →CL A0.13%$46M2.86M
47BLDPBALLARD PWR SYS INC NEWhistory →COM0.11%$39M7.05M
48SIGNA SPORTS UNITED NVORD SHS0.06%$23M5.00M
49BEBLOOM ENERGY CORPhistory →COM CL A0.06%$21M1.07M
50BABYLON HLDGS LTDCL A SHS0.04%$15M3.03M
51COMPUTE HEALTH ACQUISITIN CO*W EXP 01/25/2020.00%$750,0001.87M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$12.0B4May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$12.9B5Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$19.4B6Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$23.8B57Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$25.6B64May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$26.8B62Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$26.7B54Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$20.7B38Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$20.6B38May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$35.2B50Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$36.5B52Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$38.9B51Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$35.5B52May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$30.9B53Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$36.8B53Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$40.8B53Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$43.6B37May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$55.9B32Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$43.4B32Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$15.9B13Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$15.4B13May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$12.8B11Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$7.0B7Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$10.1B13Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$9.8B24May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.2B2Feb 4, 202013F-HRchanges · EDGAR ↗
Q3 2019$4.2B2Oct 21, 201913F-HRchanges · EDGAR ↗
Q2 2019$5.2B2Aug 6, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.3B1May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.8B1Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.