13F filer · CIK 1767640 ↗
Public Investment Fund
You are looking at Q4 2023. See the latest, Q2 2026 →
Reported value
$35.24B
−3.4% on the quarter before
Positions
50
0 new · 2 sold out
Top 10
63.5%
of the value
Est. gain
+$2.38B
on stocks held all quarter
Est. return
+7.2%
on those stocks since Q3 2023
Positions as of Dec 31, 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 Q3 2023. Striped tiles are options.
Largest buys
Since Q3 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.
- Ermenegildo Zegna N V~$767,912Added · 0.1% → 0.1%+66,371 shares
Largest sells
Since Q3 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.
- Activision Blizzard Inc~$3.55BSold out · 9.7% → 0.0%−37,909,164 shares
- Plug Power Inc~$43.1MSold out · 0.1% → 0.0%−5,670,917 shares
- Fedex Corp~$21.8MCut · 0.5% → 0.5%−86,139 shares
Holdings
As of Dec 31, 2023. Changes are in shares against Sep 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lucid Group IncCOM · shares 0% · price −24.7% | 16.4% | $5.79B | −$1.90B | ||||||||
| UberCOM · shares 0% · price +33.9% | 12.7% | $4.48B | +$1.13B | ||||||||
| Electronic Arts IncCOM · shares 0% · price +13.6% | 9.6% | $3.39B | +$407.1M | ||||||||
| Select Sector SPDR TrSBI INT-UTILS · shares 0% · price +7.5% | 5.9% | $2.09B | +$145.1M | ||||||||
| Take-Two Interactive SoftwarCOM · shares 0% · price +14.6% | 5.2% | $1.84B | +$234.7M | ||||||||
| Live Nation Entertainment InCOM · shares 0% · price +12.7% | 3.3% | $1.18B | +$132.7M | ||||||||
| MetaCL A · shares 0% · price +17.9% | 3.3% | $1.15B | +$175.3M | ||||||||
| Carnival CorpUNIT 99/99/9999 · shares 0% · price +35.1% | 2.7% | $942.4M | +$245.0M | ||||||||
| Booking Holdings IncCOM · shares 0% · price +15.0% | 2.1% | $757.3M | +$98.9M | ||||||||
| Air Prods & Chems IncCOM · shares 0% · price −3.4% | 2.1% | $752.5M | −$26.4M | ||||||||
| SalesforceCOM · shares 0% · price +29.8% | 2.0% | $697.4M | +$160.0M | ||||||||
| MicrosoftCOM · shares 0% · price +19.1% | 2.0% | $694.0M | +$111.3M | ||||||||
| AMDCOM · shares 0% · price +43.4% | 2.0% | $693.1M | +$209.7M | ||||||||
| AdobeCOM · shares 0% · price +17.0% | 1.9% | $684.5M | +$99.5M | ||||||||
| Costco Whsl Corp NewCOM · shares 0% · price +16.8% | 1.9% | $684.2M | +$98.6M | ||||||||
| Jpmorgan Chase & CoCOM · shares 0% · price +17.3% | 1.9% | $655.1M | +$96.6M | ||||||||
| AmazonCOM · shares 0% · price +19.5% | 1.8% | $618.0M | +$101.0M | ||||||||
| Starbucks CorpCOM · shares 0% · price +5.2% | 1.7% | $606.1M | +$29.9M | ||||||||
| BlackRockCOM · shares 0% · price +25.6% | 1.7% | $602.1M | +$122.6M | ||||||||
| AlphabetCAP STK CL A · shares 0% · price +6.7% | 1.7% | $595.1M | +$37.6M | ||||||||
| Home Depot IncCOM · shares 0% · price +14.7% | 1.6% | $569.0M | +$72.9M | ||||||||
| Freeport-McMoRanCL B · shares 0% · price +14.2% | 1.6% | $549.0M | +$68.1M | ||||||||
| DatadogCL A COM · shares 0% · price +33.3% | 1.5% | $546.1M | +$136.3M | ||||||||
| Linde PlcSHS · shares 0% · price +10.3% | 1.4% | $496.3M | +$46.4M | ||||||||
| PayPalCOM · shares 0% · price +5.0% | 1.3% | $460.4M | +$22.1M | ||||||||
| Total · 50 positions | 100% | $35.24B | +$2.38B |
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 2023 to Q4 2023: 50 stocks held throughout, up $2.38B (+7.2%).
- Uber+$1.13B+34%
- Electronic Arts Inc+$407.1M+14%
- Carnival Corp+$245.0M+35%
- Take-Two Interactive Softwar+$234.7M+15%
- AMD+$209.7M+43%
- Automatic Data Processing−$11.3M−3%
- Multiplan Corporation−$12.3M−14%
- Alibaba−$13.4M−11%
- Air Prods & Chems Inc−$26.4M−3%
- Lucid Group Inc−$1.90B−25%
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 ↗ |