13F filer · CIK 1767640 ↗
Public Investment Fund
You are looking at Q4 2021. See the latest, Q2 2026 →
Reported value
$56.65B
+29% on the quarter before
Positions
36
3 new · 0 sold out
Top 10
93.0%
of the value
Est. gain
+$12.50B
on stocks held all quarter
Est. return
+28.6%
on those stocks since Q3 2021
Positions as of Dec 31, 2021, 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 Q3 2021. Striped tiles are options.
Largest buys
Since Q3 2021, 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.
- Babylon Hldgs Ltd~$206.4MNew · 0.0% → 0.4%+35,410,789 shares
- Farfetch Ltd~$100.7MAdded · 0.0% → 0.2%+3,011,423 shares
- Carnival Corp~$86.1MNew · 0.0% → 0.2%+40,000,000 shares
- Signa Sports United Nv~$42.4MNew · 0.0% → 0.1%+5,000,000 shares
- Visa Inc.~$32.9MAdded · 0.8% → 0.7%+151,783 shares
- Pinterest Inc~$17.6MAdded · 0.4% → 0.3%+484,555 shares
- Alibaba~$2.7MAdded · 0.2% → 0.1%+22,319 shares
Largest sells
Since Q3 2021, 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.
- Prologis~$99.2MCut · 0.4% → 0.2%−589,000 shares
- Beigene Ltd~$48.1MCut · 0.4% → 0.2%−177,704 shares
Holdings
As of Dec 31, 2021. Changes are in shares against Sep 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lucid Group IncCOM · shares 0% · price +49.9% | 68.2% | $38.63B | +$12.86B | ||||||||
| UberCOM · shares 0% · price −6.4% | 5.4% | $3.05B | −$209.1M | ||||||||
| Activision Blizzard IncCOM · shares 0% · price −14.0% | 4.4% | $2.52B | −$411.3M | ||||||||
| Select Sector SPDR TrSBI INT-UTILS · shares 0% · price +12.1% | 4.2% | $2.36B | +$254.0M | ||||||||
| Electronic Arts IncCOM · shares 0% · price −7.3% | 3.3% | $1.87B | −$147.1M | ||||||||
| Live Nation Entertainment InCOM · shares 0% · price +31.3% | 2.7% | $1.50B | +$358.9M | ||||||||
| Take-Two Interactive SoftwarCOM · shares 0% · price +15.4% | 1.8% | $1.00B | +$133.4M | ||||||||
| Carnival CorpUNIT 99/99/9999 · shares 0% · price −26.1% | 1.7% | $939.9M | −$331.4M | ||||||||
| Linde PlcSHS · shares 0% · price +18.1% | 0.74% | $418.6M | +$64.1M | ||||||||
| CumminsCOM · shares 0% · price −2.9% | 0.69% | $392.7M | −$11.6M | ||||||||
| Visa Inc.COM CL A · shares +9.4% · price −2.7% | 0.67% | $381.1M | −$9.7M | ||||||||
| Automatic Data ProcessingCOM · shares 0% · price +23.3% | 0.65% | $365.4M | +$69.1M | ||||||||
| Fedex CorpCOM · shares 0% · price +17.9% | 0.51% | $291.6M | +$44.4M | ||||||||
| Plug Power IncCOM NEW · shares 0% · price +10.5% | 0.49% | $277.4M | +$26.4M | ||||||||
| Walmart IncCOM · shares 0% · price +3.8% | 0.42% | $239.9M | +$8.8M | ||||||||
| Multiplan CorporationCOM · shares 0% · price −21.3% | 0.40% | $227.0M | −$61.5M | ||||||||
| Air Prods & Chems IncCOM · shares 0% · price +18.8% | 0.39% | $221.3M | +$35.0M | ||||||||
| Babylon Hldgs LtdCL A SHS · shares New | 0.36% | $206.4M | — | ||||||||
| Avery Dennison CorpCOM · shares 0% · price +4.5% | 0.32% | $183.8M | +$7.9M | ||||||||
| Shopify IncCL A · shares 0% · price +1.6% | 0.30% | $172.2M | +$2.7M | ||||||||
| Pinterest IncCL A · shares +14% · price −28.7% | 0.26% | $147.3M | −$52.1M | ||||||||
| PrologisCOM · shares −42% · price +34.2% | 0.24% | $137.2M | +$35.0M | ||||||||
| PayPalCOM · shares 0% · price −26.4% | 0.23% | $127.8M | −$45.9M | ||||||||
| Ballard Pwr Sys Inc NewCOM · shares 0% · price −10.6% | 0.22% | $122.0M | −$14.5M | ||||||||
| Farfetch LtdORD SH CL A · shares +995% · price −10.8% | 0.20% | $110.8M | −$1.2M | ||||||||
| Total · 36 positions | 100% | $56.65B | +$12.50B |
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 Q3 2021 to Q4 2021: 33 stocks held throughout, up $12.50B (+28.6%).
- Lucid Group Inc+$12.86B+50%
- Live Nation Entertainment In+$358.9M+31%
- Select Sector SPDR Tr+$254.0M+12%
- Take-Two Interactive Softwar+$133.4M+15%
- Automatic Data Processing+$69.1M+23%
- Multiplan Corporation−$61.5M−21%
- Electronic Arts Inc−$147.1M−7%
- Uber−$209.1M−6%
- Carnival Corp−$331.4M−26%
- Activision Blizzard Inc−$411.3M−14%
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 ↗ |