13F filer · CIK 1767640 ↗
Public Investment Fund
You are looking at Q2 2023. See the latest, Q2 2026 →
Reported value
$38.93B
+9.6% on the quarter before
Positions
51
0 new · 1 sold out
Top 10
68.7%
of the value
Est. gain
+$1.58B
on stocks held all quarter
Est. return
+4.5%
on those stocks since Q1 2023
Positions as of Jun 30, 2023, 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 Q1 2023. Striped tiles are options.
Largest buys
Since Q1 2023, 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.
- Lucid Group Inc~$1.83BAdded · 25.1% → 24.3%+265,693,703 shares
- Alibaba~$35.1MAdded · 0.3% → 0.3%+421,425 shares
- Air Prods & Chems Inc~$13.6MAdded · 2.2% → 2.1%+45,544 shares
Largest sells
Since Q1 2023, 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.
- Avery Dennison Corp~$33.3MCut · 0.4% → 0.3%−193,601 shares
- Babylon Hldgs Ltd~$15.4MSold out · 0.0% → 0.0%−3,030,789 shares
Holdings
As of Jun 30, 2023. Changes are in shares against Mar 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lucid Group IncCOM · shares +24% · price −14.3% | 24.3% | $9.47B | −$1.28B | ||||||||
| Electronic Arts IncCOM · shares 0% · price +7.7% | 8.3% | $3.22B | +$229.5M | ||||||||
| Activision Blizzard IncCOM · shares 0% · price −1.5% | 8.2% | $3.20B | −$48.9M | ||||||||
| UberCOM · shares 0% · price +36.2% | 8.1% | $3.14B | +$835.5M | ||||||||
| Select Sector SPDR TrSBI INT-UTILS · shares 0% · price −3.3% | 5.5% | $2.16B | −$74.2M | ||||||||
| Take-Two Interactive SoftwarCOM · shares 0% · price +23.4% | 4.3% | $1.68B | +$318.0M | ||||||||
| Live Nation Entertainment InCOM · shares 0% · price +30.2% | 2.9% | $1.14B | +$265.3M | ||||||||
| Carnival CorpCOMMON STOCK · shares 0% · price +85.5% | 2.5% | $957.1M | +$441.2M | ||||||||
| MetaCL A · shares 0% · price +35.4% | 2.4% | $936.1M | +$244.8M | ||||||||
| Air Prods & Chems IncCOM · shares +1.7% · price +4.3% | 2.1% | $823.2M | +$33.3M | ||||||||
| MicrosoftCOM · shares 0% · price +18.1% | 1.6% | $628.5M | +$96.4M | ||||||||
| Starbucks CorpCOM · shares 0% · price −4.9% | 1.6% | $625.4M | −$32.0M | ||||||||
| Booking Holdings IncCOM · shares 0% · price +1.8% | 1.5% | $576.5M | +$10.2M | ||||||||
| AdobeCOM · shares 0% · price +26.9% | 1.4% | $561.0M | +$118.9M | ||||||||
| Jpmorgan Chase & CoCOM · shares 0% · price +11.6% | 1.4% | $560.1M | +$58.3M | ||||||||
| SalesforceCOM · shares 0% · price +5.7% | 1.4% | $559.9M | +$30.4M | ||||||||
| Costco Whsl Corp NewCOM · shares 0% · price +8.4% | 1.4% | $558.1M | +$43.0M | ||||||||
| AMDCOM · shares 0% · price +16.2% | 1.4% | $535.6M | +$74.8M | ||||||||
| AmazonCOM · shares 0% · price +26.2% | 1.4% | $530.3M | +$110.1M | ||||||||
| Freeport-McMoRanCL B · shares 0% · price −2.2% | 1.3% | $515.8M | −$11.7M | ||||||||
| BlackRockCOM · shares 0% · price +3.3% | 1.3% | $512.6M | +$16.3M | ||||||||
| Home Depot IncCOM · shares 0% · price +5.3% | 1.3% | $510.1M | +$25.5M | ||||||||
| AlphabetCAP STK CL A · shares 0% · price +15.4% | 1.3% | $509.9M | +$68.0M | ||||||||
| PayPalCOM · shares 0% · price −12.1% | 1.3% | $500.3M | −$69.0M | ||||||||
| Nextera Energy IncCOM · shares 0% · price −3.7% | 1.2% | $472.5M | −$18.3M | ||||||||
| Total · 51 positions | 100% | $38.93B | +$1.58B |
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 Q1 2023 to Q2 2023: 51 stocks held throughout, up $1.58B (+4.5%).
- Uber+$835.5M+36%
- Carnival Corp+$441.2M+86%
- Take-Two Interactive Softwar+$318.0M+23%
- Live Nation Entertainment In+$265.3M+30%
- Meta+$244.8M+35%
- Novagold Res Inc−$36.0M−36%
- Activision Blizzard Inc−$48.9M−2%
- PayPal−$69.0M−12%
- Select Sector SPDR Tr−$74.2M−3%
- Lucid Group Inc−$1.28B−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 ↗ |