13F filer · CIK 1767640 ↗
Public Investment Fund
You are looking at Q1 2024. See the latest, Q2 2026 →
Reported value
$20.55B
−42% on the quarter before
Positions
38
13 new · 25 sold out
Top 10
83.0%
of the value
Est. gain
−$786.2M
on stocks held all quarter
Est. return
−4.2%
on those stocks since Q4 2023
Positions as of Mar 31, 2024, 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 Q4 2023. Striped tiles are options.
Largest buys
Since Q4 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.
- Arm Holdings PlcCALL~$453.1MNew · 0.0% → 2.2%+3,625,300 underlying
- Starbucks CorpCALL~$348.6MNew · 0.0% → 1.7%+3,814,800 underlying
- Booking Holdings IncCALL~$281.9MNew · 0.0% → 1.4%+77,700 underlying
- AmazonCALL~$276.6MNew · 0.0% → 1.3%+1,533,400 underlying
- AdobeCALL~$223.2MNew · 0.0% → 1.1%+442,400 underlying
- AMDCALL~$194.4MNew · 0.0% → 0.9%+1,077,300 underlying
- SalesforceCALL~$152.7MNew · 0.0% → 0.7%+507,000 underlying
- MicrosoftCALL~$143.8MNew · 0.0% → 0.7%+341,900 underlying
- NvidiaCALL~$143.7MNew · 0.0% → 0.7%+159,000 underlying
- MetaCALL~$130.3MNew · 0.0% → 0.6%+268,300 underlying
Largest sells
Since Q4 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.
- Select Sector SPDR Tr~$2.09BSold out · 5.9% → 0.0%−32,986,504 shares
- Meta~$1.22BCut · 3.3% → 1.7%−2,522,060 shares
- Live Nation Entertainment In~$1.18BSold out · 3.3% → 0.0%−12,565,167 shares
- Carnival Corp~$942.4MSold out · 2.7% → 0.0%−50,830,926 shares
- Booking Holdings Inc~$757.3MSold out · 2.1% → 0.0%−213,478 shares
- Salesforce~$697.4MSold out · 2.0% → 0.0%−2,650,225 shares
- Microsoft~$694.0MSold out · 2.0% → 0.0%−1,845,511 shares
- AMD~$693.1MSold out · 2.0% → 0.0%−4,702,060 shares
- Adobe~$684.5MSold out · 1.9% → 0.0%−1,147,300 shares
- Costco Whsl Corp New~$684.2MSold out · 1.9% → 0.0%−1,036,576 shares
Holdings
As of Mar 31, 2024. Changes are in shares against Dec 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| UberCOM · shares 0% · price +25.0% | 27.3% | $5.61B | +$1.12B | ||||||||
| Lucid Group IncCOM · shares 0% · price −32.3% | 19.1% | $3.92B | −$1.87B | ||||||||
| Electronic Arts IncCOM · shares 0% · price −3.0% | 16.0% | $3.29B | −$102.7M | ||||||||
| Take-Two Interactive SoftwarCOM · shares 0% · price −7.7% | 8.2% | $1.69B | −$142.2M | ||||||||
| Linde PlcSHS · shares 0% · price +13.1% | 2.7% | $561.1M | +$64.8M | ||||||||
| CumminsCOM · shares 0% · price +23.0% | 2.6% | $530.5M | +$99.2M | ||||||||
| Arm Holdings PlcCALLSPONSORED ADR · shares New | 2.2% | $453.1M | — | ||||||||
| MetaCL A · shares −77% · price +37.2% | 1.7% | $359.3M | +$97.4M | ||||||||
| Starbucks CorpCALLCOM · shares New | 1.7% | $348.6M | — | ||||||||
| Booking Holdings IncCALLCOM · shares New | 1.4% | $281.9M | — | ||||||||
| AmazonCALLCOM · shares New | 1.3% | $276.6M | — | ||||||||
| Visa Inc.COM CL A · shares −4.8% · price +7.2% | 1.2% | $253.6M | +$17.0M | ||||||||
| AdobeCALLCOM · shares New | 1.1% | $223.2M | — | ||||||||
| Air Prods & Chems IncCOM · shares −69% · price −11.5% | 0.99% | $204.4M | −$26.6M | ||||||||
| PDD HoldingsSPONSORED ADS · shares 0% · price −20.5% | 0.96% | $198.0M | −$51.2M | ||||||||
| AMDCALLCOM · shares New | 0.95% | $194.4M | — | ||||||||
| Pinterest IncCL A · shares +14% · price −6.4% | 0.93% | $191.8M | −$11.5M | ||||||||
| Fedex CorpCOM · shares 0% · price +14.5% | 0.89% | $183.2M | +$23.3M | ||||||||
| SalesforceCALLCOM · shares New | 0.74% | $152.7M | — | ||||||||
| PrologisCOM · shares 0% · price −2.3% | 0.73% | $150.3M | −$3.6M | ||||||||
| Avery Dennison CorpCOM · shares 0% · price +10.4% | 0.71% | $146.2M | +$13.8M | ||||||||
| MicrosoftCALLCOM · shares New | 0.70% | $143.8M | — | ||||||||
| NvidiaCALLCOM · shares New | 0.70% | $143.7M | — | ||||||||
| MetaCALLCL A · shares New | 0.63% | $130.3M | — | ||||||||
| PayPalCOM · shares −77% · price +9.1% | 0.57% | $117.9M | +$9.8M | ||||||||
| Total · 38 positions | 100% | $20.55B | −$786.2M |
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 Q4 2023 to Q1 2024: 25 stocks held throughout, down $786.2M (−4.2%).
- Uber+$1.12B+25%
- Cummins+$99.2M+23%
- Meta+$97.4M+37%
- Linde Plc+$64.8M+13%
- Fedex Corp+$23.3M+15%
- Multiplan Corporation−$32.2M−44%
- PDD Holdings−$51.2M−21%
- Electronic Arts Inc−$102.7M−3%
- Take-Two Interactive Softwar−$142.2M−8%
- Lucid Group Inc−$1.87B−32%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 1 split read into the share counts.
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 ↗ |