13F filer · CIK 1767640 ↗
Public Investment Fund
You are looking at Q3 2020. See the latest, Q2 2026 →
Reported value
$7.05B
−30% on the quarter before
Positions
7
1 new · 6 sold out
Top 10
100.0%
of the value
Est. gain
+$297.7M
on stocks held all quarter
Est. return
+4.5%
on those stocks since Q2 2020
Positions as of Sep 30, 2020, from Public Investment Fund's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q2 2020. Striped tiles are options.
Largest buys
Since Q2 2020, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Novagold Res Inc~$154.6MNew · 0.0% → 2.2%+13,000,611 shares
Largest sells
Since Q2 2020, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Select Sector SPDR Tr~$2.79BSold out · 27.6% → 0.0%−67,080,870 shares
- Canadian Nat Res Ltd~$298.7MSold out · 2.9% → 0.0%−17,134,359 shares
- Cisco~$270.8MSold out · 2.7% → 0.0%−5,805,199 shares
- Union Pac Corp~$91.8MSold out · 0.9% → 0.0%−543,224 shares
- Berkshire Hathaway Inc Del~$39.1MSold out · 0.4% → 0.0%−218,778 shares
- Booking Holdings Inc~$34.3MSold out · 0.3% → 0.0%−21,527 shares
Holdings
As of Sep 30, 2020. Changes are in shares against Jun 30, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| UberCOM · shares 0% · price +17.4% | 37.7% | $2.66B | +$393.3M | ||||||||
| Select Sector SPDR TrSBI INT-UTILS · shares 0% · price +5.2% | 27.8% | $1.96B | +$97.3M | ||||||||
| Carnival CorpUNIT 99/99/9999 · shares 0% · price −7.6% | 10.9% | $771.6M | −$63.0M | ||||||||
| Live Nation Entertainment InCOM · shares 0% · price +21.5% | 9.6% | $677.0M | +$120.0M | ||||||||
| Suncor Energy Inc NewCOM · shares 0% · price −27.5% | 8.8% | $623.4M | −$236.0M | ||||||||
| Automatic Data ProcessingCOM · shares 0% · price −6.3% | 2.9% | $206.7M | −$13.9M | ||||||||
| Novagold Res IncCOM NEW · shares New | 2.2% | $154.6M | — | ||||||||
| Total · 7 positions | 100% | $7.05B | +$297.7M |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q2 2020 to Q3 2020: 6 stocks held throughout, up $297.7M (+4.5%).
- Uber+$393.3M+17%
- Live Nation Entertainment In+$120.0M+22%
- Select Sector SPDR Tr+$97.3M+5%
- Automatic Data Processing−$13.9M−6%
- Carnival Corp−$63.0M−8%
- Suncor Energy Inc New−$236.0M−27%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $37.91B+216% | SEC ↗ |
| Q1 2026 | Aug 14, 2026 (amended) | $12.01B−7% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $12.95B−33% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $19.37B−19% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $23.81B−7% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $25.55B−5% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $26.77B+0% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $26.75B+29% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 (amended) | $20.73B+1% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $20.55B−42% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $35.24B−3% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $36.48B−6% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $38.93B+10% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $35.52B+15% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $30.94B−16% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $36.82B−11% | SEC ↗ |
| Q2 2022 | Dec 22, 2022 (amended) | $41.16B−6% | SEC ↗ |
| Q1 2022 | Dec 22, 2022 (amended) | $43.96B−22% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 (amended) | $56.65B+29% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 (amended) | $43.80B+175% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $15.94B+3% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $15.45B+21% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 (amended) | $12.77B+81% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $7.05B−30% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $10.12B+4% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $9.78B+348% | SEC ↗ |
| Q4 2019 | Feb 4, 2020 | $2.18B−48% | SEC ↗ |
| Q3 2019 | Oct 21, 2019 | $4.21B−19% | SEC ↗ |
| Q2 2019 | Aug 6, 2019 | $5.23B+126% | SEC ↗ |
| Q1 2019 | May 13, 2019 | $2.32B−16% | SEC ↗ |
| Q4 2018 | Feb 13, 2019 | $2.75B | SEC ↗ |